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the key to the mint

  • #1,181
  • Jan 4, 2008 9:36am Jan 4, 2008 9:36am
Quoting harold4x
one thing about ea s is like today when the gbpusd closed when stoc crossed back would ea have gotten you out? i have never used an ea it might work might not have no experience with them
good point, will check tonight - BOSS is around
- Syd [dust is my bed...]
  • #1,182
  • Jan 4, 2008 9:56am Jan 4, 2008 9:56am
+129 pips -75 pips = +54 pips for the week. I'm learnin....
  • #1,183
  • Jan 4, 2008 10:04am Jan 4, 2008 10:04am
Quoting Joel
+129 pips -75 pips = +54 pips for the week. I'm learnin....
you are winning...
- Syd [dust is my bed...]
  • #1,184
  • Jan 4, 2008 10:39am Jan 4, 2008 10:39am
Harold,

Thanks for a great trading system.

My first week ended +190 pips.

Someone asked about the three trades yesterday. Here they are. All times are Eastern Time Zone. I am in Central time zone.

1/3/2008 19:52 Sell CHF/JPY 98.26
1/3/2008 19:53 Sell EUR/JPY 160.97
1/3/2008 19:56 Sell GBP/JPY 215.28
1/3/2008 20:53 Buy GBP/JPY 214.78 +50
1/3/2008 20:53 Buy EUR/JPY 160.57 +40
1/3/2008 20:53 Buy CHF/JPY 98.06 +20

PipPrince
  • #1,185
  • Jan 4, 2008 2:23pm Jan 4, 2008 2:23pm
Quoting harold4x
i cant figure it out either what ever happened to mikep anyway well i got to take a nap before trading see you guys later
Guys - Sorry I've been MIA for so long. Work was brutal before the year end and had the family tour of duty.

I'm glad that other's have been able to help with 'tech support' on the indicators with alerts.

Also, love seeing such positive results out there - great way to start a new year.
Mike
  • #1,186
  • Jan 4, 2008 7:02pm Jan 4, 2008 7:02pm
welcome back mike! your indicator has been getting a lot of good use over the past couple of weeks!
  • #1,187
  • Edited 9:00pm Jan 4, 2008 8:46pm | Edited 9:00pm
Well Here Are The Signals For Monday Basicly The Same As Today Long Eurcad Which Is Borderline Overbought. The Eurjpy,is Short The Cadjpy Is Borderline Oversold, The Gbpchf,gbpjpy And The Gbpusd Very Oversold See You Guys On Monday
  • #1,188
  • Jan 5, 2008 6:32am Jan 5, 2008 6:32am
hey harold4x.

Trading between 0600 to 1800, to make the 60-70% (I think that was mentioned before) success rate, I guess you would have to take every signal?
Here is my problem, I don't want to automate, because I still want to use discretion. But then....I am not 'taking' every valid signal, if I'm being discretionary.
Also, (as I am not automating), I live EST'ish, and I think it would be physically difficult for me to trade during those hours monday-friday in the long term (with a day job).
Have you any figures on succes rate trading only the NY/London overlap?
I know you favour the 2amEST candle.

Thanks
Kiran.
  • #1,189
  • Jan 5, 2008 6:48am Jan 5, 2008 6:48am
hi logical i dont take every signal i also live on east coast of usa i dont have any records of trading during us session i also dont use ea for the reasons you mentioned all i can say is try it and see if it works for you i try and get between 30-50 pips a day i also had a job in the beginning and had to sacrifice a lot of sleep but the reward was great because now this is my job
  • #1,190
  • Jan 5, 2008 7:55am Jan 5, 2008 7:55am
harold
aud/jpy also a short, do you not trade this pair?
  • #1,191
  • Jan 5, 2008 4:29pm Jan 5, 2008 4:29pm
no i dont trade this pair but you can if you want you already now the pairs guys i have explained why i use these pairs i now there are probably others but to make things simplier 6 to me is enough if any want to use others thats your choice and i wish you a lot a pips
  • #1,192
  • Jan 6, 2008 11:34am Jan 6, 2008 11:34am
Hey guys, I did a little searching and found a couple of MT4 demo brokers that run on GMT+0 time and have all the pairs we trade (including CADJPY).

1. VelocityTrader
2. FLXQ

I think I read somewhere that they use the same data feed, since velocity trader lease's their MT4 licence from FLXQ or something like that.

FLXQ is currently shut down by the NFA right now, but VelocityTrader works...

It still suffers from those pesky Sunday candles on the daily chart - throwing off our indicators slightly - so imo, we better double check our daily directions using Harold's rjofx platform (it has no Sunday candles).
  • #1,193
  • Jan 6, 2008 6:44pm Jan 6, 2008 6:44pm
It Could Be A Slow Day Tomorrow And Slow Until Wednesday Because Of Lack Of News To Fuel The Moves But Anything Can Happen Same Signals As Friday
  • #1,194
  • Jan 6, 2008 6:44pm Jan 6, 2008 6:44pm
Harold, look at the photo and please confirm if the best bar to enter. You said that we should wait for the close of 1H candle, so which one should it be? The one where crossover just happend or the one after it?

if you look at the photo, the crossover of all 3 indicators happend in the first block. Would it be too late to wait for the cadle to close?
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 57 KB
- Syd [dust is my bed...]
  • #1,195
  • Jan 6, 2008 6:50pm Jan 6, 2008 6:50pm
I am pretty sure you will never see a confirmed crossover until the next candle starts.
  • #1,196
  • Jan 6, 2008 6:58pm Jan 6, 2008 6:58pm
When That Candle Closes That You Have The Box We Enter On The Open HERE IS A CHART OF THE SAME PAIR WHICH I THINK IS THE EURCAD
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 102 KB
  • #1,197
  • Jan 6, 2008 9:37pm Jan 6, 2008 9:37pm
All Traders using the Mint,

When applying discretion to all possible pairs with Long or Short direction, what is your rationale for the trade signals on monday? Below are mine. The purpose of the question is to help become proficient in this part of the Mint's trading.

JPY will have news onf monetary base on the 7th. Is thsi worthy news to be out of trade for this report?

The GBP is weak and the JPY is strong. Will that continue or will reversals occur this week? Keeping this in mind when going forward this week, would you sit on the sidelines waiting for this reversals (MINT's Daily chart signals reverse) before placing trades? This sunday evening shows early movement that the JPY is weak.

GBPJPY - Short - Take trade (only one trade in early hours): MAs down trend on Daily for 6 bars, but Stoch is 11.73.

GBPUSD - Short - skip signals??: MAs down trend on Daily for 30 past 30 bars, but the stoch reads 19.22

GBPCHF - Short - Skip trade: MAs down trend on Daily for past 12 bars and stoch reads 6.37.

EURJPY - Short - Take trade (multiple signals if given) : fresh MA trend on Daily (3 bars) and stoch is 25.10.

EURCAD - LONG - Not sure. 1H has a sideways trend of 10 bars. if goes up, which we are only waiting for the stochs to cross up for a valid long signal, i would be inclinded to take the long trade, but only for 20 or 25 pips. The Daily stock is at 93 which would make me concerned to not trade at all.

CADJPY - Short -Take trade (only one signal). The stoch on daily is at 11.43 (NOTE: this pair i get my data feed from TradeStation platform - 4pm daily bar closes).


I have started counting days the MAs, RSI, and Stoch are in the same direction for valid signals (independantly) to see if they add any value for applying discretion. Does anyone have any imput on this attribute?

Yes, I like statistics to aid in my decision making rational. Its the engineer in me.

Trader4Life
  • #1,198
  • Jan 6, 2008 9:52pm Jan 6, 2008 9:52pm
Anyone,

The code written by MikeP:

Key to Mint with Hour Restriction w DiNapoli Stoch Ind v1.mq4

I recall someone posting they had false signals for entry during the hours of trading. Does this still occur with everyone or some people? Or has that been fixed in the code (referenced above - name)?

Kind Regards,

Trader4Life

-------------------------------------------------------------
I dont know any krafty quotes to put after my code name!http://forexfactory.com/images/icons/icon12.gif
  • #1,199
  • Jan 7, 2008 4:08am Jan 7, 2008 4:08am
Thanks to Harold and all contributors for a great thread!

Can I ask how come Harold shows EURCAD on the IBFX demo? I don't see it on my version. The only CAD pair is USDCAD. Are they hiding somewhere?
  • #1,200
  • Jan 7, 2008 4:11am Jan 7, 2008 4:11am
very good observation.

Quoting Trader4Life
All Traders using the Mint,

When applying discretion to all possible pairs with Long or Short direction, what is your rationale for the trade signals on monday? Below are mine. The purpose of the question is to help become proficient in this part of the Mint's trading.

JPY will have news onf monetary base on the 7th. Is thsi worthy news to be out of trade for this report?

The GBP is weak and the JPY is strong. Will that continue or will reversals occur this week? Keeping this in mind when going forward this week, would you sit on the sidelines waiting for this reversals (MINT's Daily chart signals reverse) before placing trades? This sunday evening shows early movement that the JPY is weak.

GBPJPY - Short - Take trade (only one trade in early hours): MAs down trend on Daily for 6 bars, but Stoch is 11.73.

GBPUSD - Short - skip signals??: MAs down trend on Daily for 30 past 30 bars, but the stoch reads 19.22

GBPCHF - Short - Skip trade: MAs down trend on Daily for past 12 bars and stoch reads 6.37.

EURJPY - Short - Take trade (multiple signals if given) : fresh MA trend on Daily (3 bars) and stoch is 25.10.

EURCAD - LONG - Not sure. 1H has a sideways trend of 10 bars. if goes up, which we are only waiting for the stochs to cross up for a valid long signal, i would be inclinded to take the long trade, but only for 20 or 25 pips. The Daily stock is at 93 which would make me concerned to not trade at all.

CADJPY - Short -Take trade (only one signal). The stoch on daily is at 11.43 (NOTE: this pair i get my data feed from TradeStation platform - 4pm daily bar closes).


I have started counting days the MAs, RSI, and Stoch are in the same direction for valid signals (independantly) to see if they add any value for applying discretion. Does anyone have any imput on this attribute?

Yes, I like statistics to aid in my decision making rational. Its the engineer in me.

Trader4Life
- Syd [dust is my bed...]
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