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the key to the mint

  • #2,041
  • Jan 23, 2008 5:16pm Jan 23, 2008 5:16pm
Quoting forexmad
Hi Harold,

If we find a entry signal on daily close candle, in the next trading session,
if we have a first entry signal, then we take it. After we exit the trade then it goes in the other direction. After some time, again if we see the same entry signal, can we take it ?.
Thanks,

Harold excuse me for jumping in....please correct me if wrong.
Hello forexmad,
I believe the answer is yes.
As long as all the reasons for you enteing in the first place present again, i.e for a short, RSI<50, ema5<ema8, stoch crossed down, not oversold, then feel free to pull the trigger again.
  • #2,042
  • Jan 23, 2008 6:38pm Jan 23, 2008 6:38pm
I have Interbank FX as a demo account, but does anyone in this tread use them for live trading?

I've been trying to research who I should use for a live account. I checked out the broker discussion on FF but that just seemed to get more confused with all the options. Can anyone recommend a good broker, preferable one that supports MT4 and has 00 GMT? Also, how do I find out what time they are using?
  • #2,043
  • Jan 23, 2008 7:37pm Jan 23, 2008 7:37pm
Quoting seamonkey
I have Interbank FX as a demo account, but does anyone in this tread use them for live trading?

I've been trying to research who I should use for a live account. I checked out the broker discussion on FF but that just seemed to get more confused with all the options. Can anyone recommend a good broker, preferable one that supports MT4 and has 00 GMT? Also, how do I find out what time they are using?
Yes, I use ifx for live trading.
  • #2,044
  • Jan 23, 2008 7:50pm Jan 23, 2008 7:50pm
Quoting seamonkey
I have Interbank FX as a demo account, but does anyone in this tread use them for live trading?

I've been trying to research who I should use for a live account. I checked out the broker discussion on FF but that just seemed to get more confused with all the options. Can anyone recommend a good broker, preferable one that supports MT4 and has 00 GMT? Also, how do I find out what time they are using?

I use IBFX for live trading.
They are very good in every respect other than spreads.
They are high on their spreads. GY runs anywhere from 9 to 19 pips. They change it according to volatility.

You can call the brokerage and ask what time they use.
You can download a demo from them and see what time they use.
I know for a fact that FXDD and Alapri are not on 0000 GMT.
  • #2,045
  • Jan 23, 2008 8:16pm Jan 23, 2008 8:16pm
Quoting seamonkey
I have Interbank FX as a demo account, but does anyone in this tread use them for live trading?
I am and, other than the spreads as mentioned above, I am happy with them. So far, however, with this method the spread is a non-issue.
  • #2,046
  • Jan 23, 2008 8:24pm Jan 23, 2008 8:24pm
Saw a short trade develop at 9:00pm est GBPCHF... took it.. +29 pips ..Was out in 13 minutes.. This stuff scares me!
  • #2,047
  • Jan 23, 2008 8:34pm Jan 23, 2008 8:34pm
Looks like the JPY pairs are starting to set up. I'll be watching with fat intent!
  • #2,048
  • Edited 10:04pm Jan 23, 2008 8:45pm | Edited 10:04pm
Thank you to everybody who has contributed to this thread and especially the man himself - Harold!

I've spent the best of 2 days reading through this thread numerous times - every single post!

I trialled the system last night and make a quick and easy 30 pips

I would just like to know a few things..

Harold.. (or anybody else who has an alert system working fine)

What indicators are you currently using in order to receive alerts? What are the modifications I'll need to make to the indicator in order for it to alert me - sound wise and email.. (I know how to setup the email alerting on MT4 just want to know if the indicator supports it).

Is it possible for somebody to make a new post with the LATEST and GREATEST indicators and their settings for this system? that include alerting.. Im not after anyting fancy (K.I.S.S - keep it simple stupid hehe) just want it to sound and email me when a signal occurs on one of the 6 pairs Harold has suggested we use.

Apart from that, that;s about it. An excellent thread that has covered the rules of this system NUMEROUS times and in as much detail as a simple system like this could go into.


Oh, how about setting up something like Skype and have a trading room for this? Where we can all discuss it and call out trades (or verify) as they appear....
  • #2,049
  • Jan 23, 2008 8:55pm Jan 23, 2008 8:55pm
Quoting kampf
Thank you to everybody who has contributed to this thread and especially the man himself - Harold!

I've spent the best of 2 days reading through this thread numerous times - every single post!

I trialled the system last night and make a quick and easy 30 pips

I would just like to know a few things..

Harold.. (or anybody else who has an alert system working fine)

What indicators are you currently using in order to receive alerts? What are the modifications I'll need to make to the indicator in order for it to alert me - sound wise and email.. (I know how to setup the email alerting on MT4 just want to know if the indicator supports it).

Is it possible for somebody to make a new post with the LATEST and GREATEST indicators and their settings for this system? that include alerting.. Im not after anyting fancy (K.I.S.S - keep it simple stupid hehe) just want it to sound and email me when a signal occurs on one of the 6 pairs Harold has suggested we use.

Apart from that, that;s about it. An excellent thread that has covered the rules of this system NUMEROUS times and in as much detail as a simple system like this could go into.


Oh, how about setting up something like Sype and have a trading room for this? Where we can all discuss it and call out trades (or verify) as they appear....
Good post..I'd like that information too!
  • #2,050
  • Jan 23, 2008 9:09pm Jan 23, 2008 9:09pm
Quoting kampf
Thank you to everybody who has contributed to this thread and especially the man himself - Harold!

I've spent the best of 2 days reading through this thread numerous times - every single post!

I trialled the system last night and make a quick and easy 30 pips

I would just like to know a few things..

Harold.. (or anybody else who has an alert system working fine)

What indicators are you currently using in order to receive alerts? What are the modifications I'll need to make to the indicator in order for it to alert me - sound wise and email.. (I know how to setup the email alerting on MT4 just want to know if the indicator supports it).

Is it possible for somebody to make a new post with the LATEST and GREATEST indicators and their settings for this system? that include alerting.. Im not after anyting fancy (K.I.S.S - keep it simple stupid hehe) just want it to sound and email me when a signal occurs on one of the 6 pairs Harold has suggested we use.

Apart from that, that;s about it. An excellent thread that has covered the rules of this system NUMEROUS times and in as much detail as a simple system like this could go into.


Oh, how about setting up something like Sype and have a trading room for this? Where we can all discuss it and call out trades (or verify) as they appear....
Click on the paper clip at the upper right corner of this page.
It will list all the attachments that have been posted on this thread, including indicators. You can get them from there.
  • #2,051
  • Jan 23, 2008 9:26pm Jan 23, 2008 9:26pm
if you do not like the wide pip spread on the pairs, i would suggest looking into gain capital or interactive brokers. they have some low spreads. interactive brokers right now has a spread between 3-5 for gbpjpy, but charge $2.50 per trade - if only trading 1 mini lot, it may hurt if you are only catching 10-20 pips.

yes, i use interactive brokers.

the bottom line is broker selection is a personal preference. demo them till you find one you like or willing to accept.
  • #2,052
  • Jan 23, 2008 9:44pm Jan 23, 2008 9:44pm
I use Metatrader for charts and demo trading if i get bored, for live trading i use Ava-fx, their charting is not as good, but the way it can be set up for tha actual trading with mutiple currencies all on one page where you can keep an eye on all positions is excellent.
  • #2,053
  • Jan 23, 2008 9:46pm Jan 23, 2008 9:46pm
BillBSS,

I got a hit on a SL today that didn't make sense to me. Mine was set at 205.91 and the highest bar after only hit 205.82, which was the highest it went to then. Is the spread what killed me?

Thnx. DD
  • #2,054
  • Jan 23, 2008 10:03pm Jan 23, 2008 10:03pm
Problem is there are so many different versions in there, im not sure which is why. Would be nice is somebody who has the system running smoothly with alerting via sounds and email in place to post exactly which indicators etc. they are using, thus summarising it all into a single post (which will also help newcomers).
  • #2,055
  • Jan 23, 2008 10:05pm Jan 23, 2008 10:05pm
Quoting dd4x
BillBSS,

I got a hit on a SL today that didn't make sense to me. Mine was set at 205.91 and the highest bar after only hit 205.82, which was the highest it went to then. Is the spread what killed me?

Thnx. DD
It might pay to trade the GMT session. The Asian session can be deceptively shallow but volatile at times.
The road to pipland is arduous and fraught with challenge.
  • #2,056
  • Jan 23, 2008 10:05pm Jan 23, 2008 10:05pm
man a lot of talk about brokers seems you guys want to trade live. i have been with my broker for 7 years they have fixed spreads no widening and its where i get my signals from they are rjofx they use dealbook they are under there parent company rj obrien a large brokerage in chicago with emence capitol so you never have to worry with them. mike p made an indicator where you can put in your cell phone number and internet adress but you need to get a free smto server on the web for it to work i think this is the one
Attached File(s)
File Type: mq4 Key%20to%20Mint%20Indicator%20with%20Alert%20and%20SS%20email%20Dec%205%202007%20v4%20hourly%20test[   8 KB | 427 downloads
  • #2,057
  • Jan 23, 2008 10:17pm Jan 23, 2008 10:17pm
Hi Everyone,

I have been trading for about 4 years and following this thread pretty much from its beginnings. There have been so many positive contributions and Harrolds system is so pure, that I have not really felt that I could add anything till now.....regarding brokers; I have had accounts with no less than 6 different brokers during that time. Most of them were what I consider "retail brokers" that operated a dealing desk and practiced stop hunting, excessive spreads, widening spreads during news, and manipulated price movements. I have found a broker that I have been very happy with, ODLS
has been ethical, consistent, and offered tighter spreads than any other dealing desk broker that I am aware of. You can get their information at www.odls.com they offer minis, pay swaps, and really are a much better option than many of the brokers i have seen mentioned on this thread. No recomendation, just presenting information. Thanks to Harrold for sharing his system....its the bomb!!!......it provided the missing link for me....keeping me on the right side of the trade. Thank you so much!!!!!
  • #2,058
  • Jan 24, 2008 12:24am Jan 24, 2008 12:24am
Quoting harold4x
man a lot of talk about brokers seems you guys want to trade live. i have been with my broker for 7 years they have fixed spreads no widening and its where i get my signals from they are rjofx they use dealbook they are under there parent company rj obrien a large brokerage in chicago with emence capitol so you never have to worry with them. mike p made an indicator where you can put in your cell phone number and internet adress but you need to get a free smto server on the web for it to work i think this is the one

Harold, I get an error when I try to compile this script:
gMail.mqh - cannot open the program file

Any idea how to get around this??
  • #2,059
  • Jan 24, 2008 1:16am Jan 24, 2008 1:16am
got +41pips on gbpjpy!
  • #2,060
  • Jan 24, 2008 1:22am Jan 24, 2008 1:22am
nice one!

it's not crossed on ibfx yet.

what platform are you on?
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