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the key to the mint

  • #2,201
  • Jan 27, 2008 5:57pm Jan 27, 2008 5:57pm
hi alllivemind here it is in simplest form we look on daily chart say its friday the gbpusd the ema's are crossed up and the rsi is crossed up above the 50 level DO NOT USE STOCHS ON DAILY CHART TO DETERMINE TREND!!!!! so now that we have the direction for the gbpusd which is up the next day in this case is monday starting at the close of the 600 gmt candle we look for the ema's to cross to the upside on the 1 hour chart we also look for the rsi to cross above the 50 level on the 1 hour chart and finally we look for the stochs to cross to the upside on the 1 hour charts if all 3 indicators cross to upside at the end of the 600 gmt candle or any other candle that follows up till 1500 gmt we enter a long trade. the only time we would pass is if the stochs are ob/ob below 20 or above 80 levels or if news happens at trade entry or if signal happened earlier and price has already moved quite a bit
  • #2,202
  • Jan 27, 2008 6:25pm Jan 27, 2008 6:25pm
Very Simple, I like it, but my question is lets say that the daily chart is the same for tuesday, all indicators remain up from Mondays signal. Do we still look for longs on the hourly on Tuesday or wait for a bran new daily signal?
Michael
  • #2,203
  • Jan 27, 2008 6:33pm Jan 27, 2008 6:33pm
Quoting alllivemind
Very Simple, I like it, but my question is lets say that the daily chart is the same for tuesday, all indicators remain up from Mondays signal. Do we still look for longs on the hourly on Tuesday or wait for a bran new daily signal?
Michael
Yes, look for longs again on Tuesday
  • #2,204
  • Edited 7:14pm Jan 27, 2008 6:35pm | Edited 7:14pm
each day is different when we look at the close of the daily candle what ever the reading long or short that what we do the next day sometimes we will look for shorts for a month of a week or a day the trend is the trend till it ends
  • #2,205
  • Jan 27, 2008 6:43pm Jan 27, 2008 6:43pm
Quoting buddy
have anyone tried on lower timeframes - thanks
Buddy,

Do a Google search for the "cowabunga forex system". It is free, and almost identical to the "mint" system. It uses 5EMA/10EMA, RSI, Stochs, and MACD on the 4 hour/15 minute timeframes. Good record keeping (each trade is documented) since the beginning of 2007. I happened to see this system while looking around this weekend.
  • #2,206
  • Jan 27, 2008 6:48pm Jan 27, 2008 6:48pm
Quoting aboutusnow
Buddy,

Do a Google search for the "cowabunga forex system". It is free, and almost identical to the "mint" system. It uses 5EMA/10EMA, RSI, Stochs, and MACD on the 4 hour/15 minute timeframes. Good record keeping (each trade is documented) since the beginning of 2007. I happened to see this system while looking around this weekend.

Cowabunga only works on GBP/USD
  • #2,207
  • Jan 27, 2008 6:55pm Jan 27, 2008 6:55pm
firstly how can a system be identical if ema's are different the stocs are different the rsi is different the timeframes are different and the pairs are different to me that looks like the opposite wouldnt you? they are not looking at daily for trend direction but if thats how you chose to analyze a method well be my quest
  • #2,208
  • Jan 27, 2008 7:07pm Jan 27, 2008 7:07pm
Quoting harold4x
firstly how can a system be identical if ema's are different the stocs are different the rsi is different the timeframes are different and the pairs are different to me that looks like the opposite wouldnt you? they are not looking at daily for trend direction but if thats how you chose to analyze a method well be my quest
Harold,

Maybe you might want to try to take that nap. You got an itchy trigger finger tonight.

Buddy asked a question, and I happened to run across something that I thought would help him out. The cowabunga system and your system have definite similarities. I noted that it used a 5/10 EMA, that is used a MACD, and that it used shorter time frames. I did not notice that is was documented only for the GBP/USD.

I did not read the entire thread of the Cowabunga system and I don't plan to. But it does contain useful, documented data off of a system that is almost identical to the mint.
  • #2,209
  • Jan 27, 2008 7:12pm Jan 27, 2008 7:12pm
dont get me wrong there are a lot of methods that use similar tactics that are successful and they all have there differences the key is learn one of them and get good at it and you wont have to search for other filters etc wasnt saying anything more than that
  • #2,210
  • Jan 27, 2008 7:19pm Jan 27, 2008 7:19pm
Quoting harold4x
morning all looks like a few of you scored i got another gbpjpy win just barely +50 here are the other alerts i might have given you a wrong one

Has anybody been able to successfully compile these indicators and are able to see them on their MT4 charts???
Attached File(s)
File Type: mq4 Key to Mint Indicator with Alert and SS email Dec 5 2007 v5 hourly.mq4   8 KB | 580 downloads
  • #2,211
  • Jan 27, 2008 7:22pm Jan 27, 2008 7:22pm
what indicators are you referring too ok i see what you are talking about you also have to add gmail and send mail file which i dont where to get them and they have to be placed in curtain folders. if you want alerts you can get alerts for gbpusd,eurjpy and audjpy which are good enough from alert fx the key for the alerts is to get you up then you can analyze the crosses
  • #2,212
  • Jan 27, 2008 7:25pm Jan 27, 2008 7:25pm
Quoting harold4x
what indicators are you referring too

forgot to include them but I've revised the post now. See above.
  • #2,213
  • Jan 27, 2008 7:29pm Jan 27, 2008 7:29pm
i also revised my post see above
  • #2,214
  • Jan 27, 2008 7:35pm Jan 27, 2008 7:35pm
Quoting harold4x
what indicators are you referring too ok i see what you are talking about you also have to add gmail and send mail file which i dont where to get them and they have to be placed in curtain folders. if you want alerts you can get alerts for gbpusd,eurjpy and audjpy which are good enough from alert fx the key for the alerts is to get you up then you can analyze the crosses
Unfortunately my phone doesn't receive text messages I had hoped that loading up these MT4 indicators would have given me an audio alarm but as I say, I can't get them to work properly...

Don't suppose anybody knows how to set up the gmail part??
  • #2,215
  • Jan 27, 2008 7:43pm Jan 27, 2008 7:43pm
if your phone cant recieve text then the indicators wont do you any good if you get a demo of gft dealbook you can have a cross alert set up on the platform that will ring when there is a indicator cross
  • #2,216
  • Jan 27, 2008 7:54pm Jan 27, 2008 7:54pm
the way the pairs are trading now doesnt look promising since they are continuing down including the gbpusd which is a long for today
  • #2,217
  • Jan 27, 2008 8:04pm Jan 27, 2008 8:04pm
Thanks for answering my questions everyone I am clear now. And the pairs we trade are:6, right?
G/U, A/J, E/J (which are on for tonight) and G/Y, G/C, and if you use the right broker, then Cad/Jpy.
Harold, I have been using dealbook as well as MT4 for over a year. The alarms on Dealbook are great everyone, audio or cell phone alert. But I don't see how to set for anything but price. How is that done for indicators?
Michael
  • #2,218
  • Jan 27, 2008 8:15pm Jan 27, 2008 8:15pm
on the top of the chart next to the icon for the printer is the alarm so you set up the crosses from there and when theres a cross the chart rings like a mad man they havent as yet implemented the text to phone from indicator crosses but the chart ringing works good
  • #2,219
  • Jan 27, 2008 8:24pm Jan 27, 2008 8:24pm
i have started a new type of strategy that i have been looking for for quite awhile its a set and forget type to try and get me pips while i sleep so i could just trade the us session so i could get some needed sleep i just closed trade prematuredly for +100 and no its not the gbpjpy 8 hour breakout my original target was 174 most of the time its around 100 i just couldnt let 100 pips get away from me
  • #2,220
  • Jan 27, 2008 8:30pm Jan 27, 2008 8:30pm
Quoting harold4x
i have started a new type of strategy that i have been looking for for quite awhile its a set and forget type to try and get me pips while i sleep so i could just trade the us session so i could get soe needed sleep i just closes trade prematuredly for +100 and no its not the gbpjpy 8 hour breakout ny original target was 174 most of the time its 100 i just couldnt let 100 pips get away from me
I'll be anxiously awaiting your reveal
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