Jolimoney,
Northfinance has MT4 with GMT+2
Northfinance has MT4 with GMT+2
- #63
- Dec 28, 2006 2:53am Dec 28, 2006 2:53am
Hello iwhealth,
Thank you for your reply and comment on my post. The truth is I cant wait to make EA based on this strategy, but im still waiting for jolimoney's comment and blessing regarding this...
Kind Regards and a firm handshake,
Mikhail
PS. thinking about it I believe this could be a really good EA with a very good risk reward ratio.
I must have missed that question. And for that i am sorry. Of course you can do an EA as well as indicators with alarms or what ever you want. But please post them here.
I'm not familliar about EA's.... can someone please explain to me what it is and how it works?
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Trader83:
If Nothfinance has MT4 you just need to calculate the time. As i mention i use CET. It
If i'm not misstaking that would mean when my watch is 14:00 your watch is 15:00.
So the opening would be 01:00 for you then.
Hopefully someone with the knowlege can make an indicator were you are able to set your time so it automaticlly recalculates the JL-lines to CET-time.
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iwhealth:
The idea behind this strategy is to indentify which way the price is moving to. If it goes between the above two line , we open buy position and vice versa for open sell position.
I would suggest two strategy here- Number One you can trade manually but it would be grateful if they are alert alarm if it in the buy or sell position.
You have understand it perfectly
And i agree with you about an alarm when the price close between the lines. But i'm not able to program any indicators. I have not the knowledge.
I must have missed that question. And for that i am sorry. Of course you can do an EA as well as indicators with alarms or what ever you want. But please post them here.
I'm not familliar about EA's.... can someone please explain to me what it is and how it works?
You have understand it perfectly
an EA is an Expert Advisor. Its a metatrader program that trades automatically for you, you can just leave it alone in your computer to trade. but this requires a mechanical startegy. That was what i was asking you in my post if this was a mechinacal strategy... This was my post:
hello,
Im a programmer and im more active in other forums and I just visited now in this forum to see whats new around here. And I would have to say that it is really quite refreshing to be in another forum. Ive just read a few new threads and I have to say I love the way you guys think and share ideas.
Anyways I was reading through your thread Jolimoney and you mentioned somewhere that this is not a mechanical system...? where does the discretion come in?
I would love to try to code this into an EA but can you correct me im wrong. The way I understand is when price closes between the two upper pivot points take OPen a buy position, if it closes between the 2 lower pivot points open a sell positon. And stops are specifically specified in your first post also.
So did I understand your system correctly? do you think we could make this into an EA? or am I missing something is there a gap in the JL trading system that requires some traders discretion?
Sorry for all the questions
Thank you sharing this beutiful system,
Kind Regards and a Firm Handshake,
Mikhail
There, so jolimoney you think this system can be programed to trade by itself or did I miss something in your stategy that requires traders discretion?
Kind Regards,
Mikhail
Hello,
thank you for your reply. I read post 17 and I understand what you mean. Its not simply looking at just the JL lines that you use in deciding your entry, you also take into consideration other factors.
I believe we could create an EA if we could define all the variables that you take into consideration before you make an entry because we can program anything in EA. the only thing an EA cant do is have a gut feel...
So theoretically if we could completly define your logical process during your trading then we could creat a jolimoney EA... hehe thats if your up for the challenge of deep self analsys
Anyways ill be just here if you decide you want to create an automated trader version of you.
Kind Regards,
Mikhail
thank you for your reply. I read post 17 and I understand what you mean. Its not simply looking at just the JL lines that you use in deciding your entry, you also take into consideration other factors.
I believe we could create an EA if we could define all the variables that you take into consideration before you make an entry because we can program anything in EA. the only thing an EA cant do is have a gut feel...
So theoretically if we could completly define your logical process during your trading then we could creat a jolimoney EA... hehe thats if your up for the challenge of deep self analsys
Anyways ill be just here if you decide you want to create an automated trader version of you.
Kind Regards,
Mikhail
mikhaildgreat:
Ok... i see...
I don't know if it is possible. Because that you must consider the support/resistance lines as well. For exempel: pivot, vegas, yesterdays high/low.
Post #17 will give you a understanding of how i trade the JL-Lines. Perheps it is possible to trade the JL-lines in another way so it will become totally mechanical. But how i trade it it is not mechanical the way i see it.
But... if there is possible to take the support/resistance-lines in considuration in an EA then of course it might be mechanical.
hope this will clear thing out for you?
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About the USD/CAD:
I'm 17 pips plus and have moved my stop loss to: 1.1600. Just above the Break Stop L.
- #68
- Dec 28, 2006 3:19pm Dec 28, 2006 3:19pm
So theoretically if we could completly define your logical process during your trading then we could creat a jolimoney EA... hehe thats if your up for the challenge of deep self analsys
Anyways ill be just here if you decide you want to create an automated trader version of you.
I will check it out and make some rules about the other support/resistance lines when trading the JL-lines. But right now i need to sleep so i will do it tomorrow and post it as fast as i can.
Hello,
I dont think programs can "feel" But we can try to identify the trend by using indicators like EMAs, RSi, etc...
Kind Regards,
Mikhail
I dont think programs can "feel"
But we can try to identify the trend by using indicators like EMAs, RSi, etc...Kind Regards,
Mikhail
mikhaildgreat:
I have tryed to make some rules according to resistance and support lines but i don't think it is so easy as i first tought.
Can the EA make difference if the price is bullish or bearish? When i sat down i realised that i decied if the resistance/support lines is strong or not accordingly if we are in a bull or bear trend.
In a strong bear trend i belive that a resistance line is stronger then a support line.
So before i make some extended rules to fit in a EA i need to know if an EA can be programed to "feel" the trend?
Hey, Adam141
Im NorthFinance client, and use them on everyday basis...
Did not manage to find any cons... great guys with great support
Cheers
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
></o>I am thinking of opening a live account with them and your feedback is very helpful.
Also big thanks to jolimoney for sharing his ideas which is very much appreciated by newbies like me.<o
></o><o
></o>Adam141
