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Breakout + Spread!! Sure!!!

  • #681
  • Jan 2, 2008 4:08am Jan 2, 2008 4:08am
Another question to both Abnormalone & WHTenn:

using either XPMA or Slope direction line as filter, are you using 1Hr time frame to look for breakout only?
I'm just moving clouds today - tomorrow I'll try mountains.
  • #682
  • Jan 2, 2008 4:49am Jan 2, 2008 4:49am
Quoting awsl
Another question to both Abnormalone & WHTenn:

using either XPMA or Slope direction line as filter, are you using 1Hr time frame to look for breakout only?
I do not use the 4 hour chart for a reference. For example, look at 1 hour EUR/USD chart for 12/31. This is a clear short. Looking at the 4 hour chart, same pair for same time frame, it shows a long instead of a short. If you followed the 4 hour chart, it would have confused you and you probably would not trade since your getting two different directions with the Slope Direction Line. If you traded the 1 hour chart at the same time, you may have picked up 120 pips. Compare the two.

You can trade with the trend of the 4 hour chart but you will not get as nearly the amount of pips as if you trade the 1 hour chart.
  • #683
  • Jan 2, 2008 6:29am Jan 2, 2008 6:29am
Dear Thread,

Following with interest. Thanks to everyone for their input. I use eSignal and not Metatrader. The eagle indicator doesn't seem to exist on eSignal---someone please enlighten me if it's there somewhere. At any rate, the indicator doesn't seem to be more than a "time box" of the high and low for a certain range of time. Could I simply mimic the indicator by drawing horizontal lines on my chart at the appropriate highs and lows and at the right times? And, would the Hull MA slope line be a good proxy for the trend lines you all are using?

Thanks,

Lenoxer
  • #684
  • Jan 2, 2008 6:59am Jan 2, 2008 6:59am
Quoting Lenoxer
Dear Thread,

Following with interest. Thanks to everyone for their input. I use eSignal and not Metatrader. The eagle indicator doesn't seem to exist on eSignal---someone please enlighten me if it's there somewhere. At any rate, the indicator doesn't seem to be more than a "time box" of the high and low for a certain range of time. Could I simply mimic the indicator by drawing horizontal lines on my chart at the appropriate highs and lows and at the right times? And, would the Hull MA slope line be a good proxy for the trend lines you all are using?

Thanks,

Lenoxer
Hi Len -

Yes you can.

regards
daytrading
Enter Signature
  • #685
  • Jan 2, 2008 8:39am Jan 2, 2008 8:39am
Quoting awsl
Another question to both Abnormalone & WHTenn:

using either XPMA or Slope direction line as filter, are you using 1Hr time frame to look for breakout only?
If you use shorter time frame you will have to change the 09:00 breakout time to 09:59 and the results may still vary by a small amount.
  • #686
  • Jan 2, 2008 9:56am Jan 2, 2008 9:56am
Using either indicator would have caught good EUR/JPY trade this morning. Trading 2 units, 1 TP @ 30 pips and 1 with 30 pip Trailing Stop would have nailed 150 pips minus spread
Attached Image
  • #687
  • Jan 3, 2008 1:55pm Jan 3, 2008 1:55pm
Quoting Abnormalone
Using either indicator would have caught good EUR/JPY trade this morning. Trading 2 units, 1 TP @ 30 pips and 1 with 30 pip Trailing Stop would have nailed 150 pips minus spread
Hey everybody, I was wondering what SL do you guys typically tend to use. Thanks
Live today as if you will stand before God tomorrow.
  • #688
  • Jan 3, 2008 5:42pm Jan 3, 2008 5:42pm
Quoting Pippy Cent
Hey everybody, I was wondering what SL do you guys typically tend to use. Thanks
As of now I.m using 20 on EUR/USD, 30 on EUR/JPY .
Testing other pair with various levels depending on the volatility of the pair.
  • #689
  • Jan 3, 2008 7:14pm Jan 3, 2008 7:14pm
right now 20 eur/usd
30 gbp/usd
30 aud/usd
30 aud/jpy
30 gbp/jpy
30 eur/jpy

testing others
  • #690
  • Jan 3, 2008 7:48pm Jan 3, 2008 7:48pm
Can anyone tell me the difference between an EX4 file and a MetaQuotes Language 4 file?

I am considering paying to have an EA written and they charge extra if they have to translate a file

I can only find the Slope indicator in EX4 file type but there is a HMA indicator which seem to be the same as Slope that come in both file types and I am wondering if I should substitute it in order to save money
  • #691
  • Jan 3, 2008 8:52pm Jan 3, 2008 8:52pm
I use the HMA indicator your speaking of with HMA period 8. I also have the slope direction line set at 60,3,0. For instance, when the slope direction indicator is displaying a nice downtrend (1hr chart), the HMA 8 shows you the pullbacks or retracements rather nicely.
  • #692
  • Jan 3, 2008 11:44pm Jan 3, 2008 11:44pm
Quoting Abnormalone
Can anyone tell me the difference between an EX4 file and a MetaQuotes Language 4 file?

.EX4 is the compiled format
.MQ4 is the source code
Attached File(s)
File Type: mq4 Slope Direction Line.mq4   4 KB | 649 downloads
I'm just moving clouds today - tomorrow I'll try mountains.
  • #693
  • Jan 4, 2008 12:12am Jan 4, 2008 12:12am
Quoting awsl
.EX4 is the compiled format
.MQ4 is the source code
Is this the same SDL previously posted here or did you make changes to it?
You may want to state why your posting this. Traders may want heads up if any modifications were made.
  • #694
  • Jan 4, 2008 1:17am Jan 4, 2008 1:17am
Quoting WHTenn
Is this the same SDL previously posted here or did you make changes to it?
You may want to state why your posting this. Traders may want heads up if any modifications were made.
I think he posted it for me because all I had was the EX4 file and not the metaquote language 4 file
  • #695
  • Edited 3:37am Jan 4, 2008 2:16am | Edited 3:37am
Hey Guys, I have added a Psar alert to this program and it works nicely. It is not mine. I found it on another posting. Install both into your indicators folder.

The alarm does go off too many times in case someone wants to fix this annoying feature

Check it out
Attached File(s)
File Type: ex4 psar alerts.ex4   2 KB | 552 downloads
File Type: mq4 psar alerts.mq4   2 KB | 681 downloads
  • #696
  • Jan 4, 2008 3:27am Jan 4, 2008 3:27am
Quoting bwk9087
right now 20 eur/usd
30 gbp/usd
30 aud/usd
30 aud/jpy
30 gbp/jpy
30 eur/jpy

testing others

Question, what are your time settings for each of the above charts?
  • #697
  • Jan 4, 2008 3:46am Jan 4, 2008 3:46am
I use 30 minutes.
  • #698
  • Jan 4, 2008 3:47am Jan 4, 2008 3:47am
I have a question for you, I tried the psar alerts, but cannot get the box to quit popping up, after an alert, can you? Will it stop, I must have tried 20 times closing the popup alert box, before removing it.
  • #699
  • Jan 4, 2008 7:25am Jan 4, 2008 7:25am
the SRDCIII EA (already posted) gets pretty close to what we need. I've asked skyline if he can add a slope filter but he's pretty busy at the moment.
TRADE FOR SWAP
  • #700
  • Jan 4, 2008 10:29am Jan 4, 2008 10:29am
I opened the Slope Direction Line file and found a line which reads
"extern int price=0; // PRICE_CLOSE".
I'm not sure but I believe this could cause the indicator to repaint during a bar and if it does that would make back testing a little unreliable.
Does anybody know how to change this code so it works on the Open price?
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