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simple 4hr gbp/usd strategy

  • #21
  • Jan 9, 2007 10:25am Jan 9, 2007 10:25am
theres so many good programmers here, would be nice if this could be turned into an expert.
  • #22
  • Edited 9:47pm Jan 9, 2007 3:09pm | Edited 9:47pm
Greetings fellow pipsters and doodlers. In my usual fashion of desiring a daily doodle i placed a simple hack on the original indicator:

This version is set to the default 50, and also has a vertical shift option with lines set to dot. So place it on the chart with the original and you will have your +/-21 pip "Wave".

POST SCRIPT : This is created by using 7 as the number of the VS and the indicator muliplies this number by 3 for some reason as pointed out in a post made after my original here. Since the 21 is a fibo number and only 1 pip difference it should not make a whole lot of difference???

_T_S_R__Signal_LineVS.mq4 Vertical Shift option (be sure to set another one for the negative 7 Vertical shift.

and here is the original but with the default of 50,3,0 _T_S_R__Signal_LineVS.mq4

http://www.accrete.com/fx-mirror/mt4...rsignalexp.gif

more doodles at my website.

Cheers,
Thom
  • #23
  • Jan 9, 2007 3:16pm Jan 9, 2007 3:16pm
Quoting accrete
Greetings fellow pipsters and doodlers. In my usual fashion of desiring a daily doodle i placed a simple hack on the original indicator:

This version is set to the default 50, and also has a vertical shift option with lines set to dot. So place it on the chart with the original and you will have your +/-20 pip "Wave".

_T_S_R__Signal_LineVS.mq4 Vertical Shift option (be sure to set another one for the negative 20 pip signal.

and here is the original but with the default of 50,3,0 _T_S_R__Signal_LineVS.mq4



more doodles at my website.

Cheers,
Thom
Can you tell me how vertical shift is used?
  • #24
  • Jan 9, 2007 4:23pm Jan 9, 2007 4:23pm
If you use +/- 20 as your vertical shift, it adds/substracts 60 pips to the original TSR Signal Line (+/- 1 vertical shift equals 3 pips on 4hr chart). Therefore, you should make it 7 to get +/- 21 pips from TSR Line (you cannot get 20 pips, you can get 18, 21, 24 etc. all multiples of 3).
If someone can correct this problem, the indicator would be more useful, IMO.


Quoting accrete
Greetings fellow pipsters and doodlers. In my usual fashion of desiring a daily doodle i placed a simple hack on the original indicator:

This version is set to the default 50, and also has a vertical shift option with lines set to dot. So place it on the chart with the original and you will have your +/-20 pip "Wave".

_T_S_R__Signal_LineVS.mq4 Vertical Shift option (be sure to set another one for the negative 20 pip signal.

and here is the original but with the default of 50,3,0 _T_S_R__Signal_LineVS.mq4

http://www.accrete.com/fx-mirror/mt4...rsignalexp.gif

more doodles at my website.

Cheers,
Thom
  • #25
  • Jan 9, 2007 9:41pm Jan 9, 2007 9:41pm
Interesting thanks for the heads up. As i didn't take notice of the placement i missed the fact the channel was wider than needed. I'll take the easy fix for myself and use 7 as 21 is a nice fibo number and gives one pip margin safety in our favor.

: ) Thom
  • #26
  • Jan 10, 2007 7:19am Jan 10, 2007 7:19am
Just a ramble... i did some experimenting during the slow times this trading session. The default TSR signal set to 50,3,0 is a Hull Moving average set to the same settings. This helped me out a bit as i like to know what math is behind the indicator.

: ) That said you could substitue CodersGuru's XPMA and my hack with the vertical shift to get you exactly 20 pips channel up/down.

a link to the ForexFactory CodersGuru XPMA thread for indicators. This is no way changes anything about this model. The drawn line is identical, same changing colors etc...and with the vertical shift tweak i did listed in the thread it is a fix for the channel math.

: ) Thom
  • #27
  • Jan 10, 2007 10:24am Jan 10, 2007 10:24am
Hi guys. I think this way is nice but why don't you visit the original TSR method. I think we could benefit from many indicators there to improve this strategy. There's a thread here regarding it in FF in members lounge -->classified ads. But the most updated thread is the one of SBFX.
http://www.strategybuilderfx.com/showthread.php?t=17252
  • #28
  • Jan 17, 2007 5:50pm Jan 17, 2007 5:50pm
Quoting HAGeek
i am using the indicator in trading.

i started using this method for only a couple of days and seems to be good.

up 180 pips on gbp/usd right now... but its in a nice trend.. dunno what will happen when market ranges.

open trade when current price is 20 pips away from signal line.

i don't think we need to wait for close of candle.


hey... just to be certain here... i am throwing this idea out to everyone as something that looks to be good. any other suggestions and / or ideas are welcome.

for example the 2 lot idea came about because i was thinking of a way to minimize the spikes that happen corresponding with hitting a SL. so why not have 2 lots, one has a fixed TP the other let run.

maybe the fixed TP will get hit and give me some + pips before reverse and neg on other lot... get what am saying?

maybe it would reduce my losses.

anyways i am doing this and i am also trading a daily breakout with eur/usd which can be found in the other thread. (50 pip TP, +55 order on long, 35 on short, SL are different for long and short also, kinda stradle trade or hedging)

txs!

Just curious how your system worked this week?
  • #29
  • Jan 17, 2007 5:56pm Jan 17, 2007 5:56pm
This is exactly the same way i trade the 4hr...only that my line is more sensitive. Kudos!

Quoting HAGeek
I am still trying to develop this:

use 4hr charts on gbp/usd.

only indicator is:

T_S_R Signal Line 50,3,0 settings.

Buy when candle closes above line and >20 pips difference between close and signal line.

Sell is reverse of above.

buy 2 lots. first has TP of 30 pips
second lot just let run till opposite signal.
when 2nd lot at 75pip profit move SL to B/E

no trailing stop.

stop at 75 pips.

maybe an EA could be developed for it.

thoughts?
  • #30
  • Jan 18, 2007 6:31pm Jan 18, 2007 6:31pm
this week is so-so.

just curious jest1081... how is your system doing and what indicators etc do u use?

thanks!
  • #31
  • Jan 19, 2007 9:42pm Jan 19, 2007 9:42pm
Quick question a bit off topic, however I have not got and answer in the MetaTrader forum.

Is it possible in Metatrader to signal an alert, audio or e-mail for this indicator, when the trending has swung in the opposite direction?
  • #32
  • Jan 21, 2007 8:18pm Jan 21, 2007 8:18pm
Hi There !

Checking to see if you had received an answer for your question on alerts ? (below)

Kind Regards,

GGR




_______________________
Quick question a bit off topic, however I have not got and answer in the MetaTrader forum.

Is it possible in Metatrader to signal an alert, audio or e-mail for this indicator, when the trending has swung in the opposite direction?
  • #33
  • Apr 13, 2007 12:41pm Apr 13, 2007 12:41pm
Quoting HAGeek
I am still trying to develop this:

use 4hr charts on gbp/usd.

only indicator is:

T_S_R Signal Line 50,3,0 settings.

Buy when candle closes above line and >20 pips difference between close and signal line.

Sell is reverse of above.

buy 2 lots. first has TP of 30 pips
second lot just let run till opposite signal.
when 2nd lot at 75pip profit move SL to B/E

no trailing stop.

stop at 75 pips.

maybe an EA could be developed for it.

thoughts?

Pls attached .ex4 file
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #34
  • Apr 13, 2007 2:29pm Apr 13, 2007 2:29pm
Quoting ejiexe
Pls attached .ex4 file
Are you referring to the EA attached in the 1st post/ Or the post you just left b/c there was no EA in the post you just left.
  • #35
  • May 8, 2007 12:11pm May 8, 2007 12:11pm
Hello! I don't know how to place the indicator in the Metatrader. Can someone explain this to me?? Thank you very much.
  • #36
  • May 9, 2007 10:59am May 9, 2007 10:59am
can someone please tell me what is TSR signal??
because i cant find it in indicator list. TSR= T.... support resistance???im confused.
Does TSR look like MA lines???

thank youuuu
  • #37
  • May 10, 2007 10:13am May 10, 2007 10:13am
Hi!!

Well, I don't have idea. It looks like an EMA. I've been looking for it on the net and I didn't find any definition or something like that.

If you want to get it in your Custom Indicators, you need to save it in the folder of indicators and as soon as you open again your Meta Trader it will appear placed in the Custom Indicators.

Well, it works very well but I'm just taking some pips and close it and not following the method previously explained at the beginning of this topic, as I still have a Mini Account and I can't afford losing too much. And it works in many pairs, not just the GBP-USD but in this one it's great.
  • #38
  • May 10, 2007 10:46am May 10, 2007 10:46am
Quoting mr_xeno
can someone please tell me what is TSR signal??
because i cant find it in indicator list. TSR= T.... support resistance???im confused.
Does TSR look like MA lines???

thank youuuu
It's NonLagMA (moving average). They just renamed it. Just google for "NonLagMA"
Attached File(s)
File Type: mq4 NonLagMA_v7.1.mq4   6 KB | 711 downloads
  • #39
  • Last Post: May 11, 2007 2:39am May 11, 2007 2:39am
Quoting banzai
It's NonLagMA (moving average). They just renamed it. Just google for "NonLagMA"
Thanks for your answer.
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