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Attachments: Weekly 80/20 Setups
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Weekly 80/20 Setups

  • #121
  • Apr 24, 2008 3:16am Apr 24, 2008 3:16am
Quoting dragosd1
I was thinking at this ideea, but my skills are 0 in this area....
It will be very interesting to test the indi...

To format the cell, select it and open from the menu "conditonal formatting, then change only the font colour in every case to black, so you will be able to see the values.Here is the modified spreadsheet...
Wait for me at this weekend (may be Sunday),I'll post it.
  • #122
  • Apr 24, 2008 3:47am Apr 24, 2008 3:47am
Quoting beyeu123
i've created an indicator base on weekly 80/20,so you don't need to use Excel to calculate.

if you want to use an indicator base on weekly 80/20,I'll upload it at this weekend.It's a simple indicator to calculate project price for next week (or next month) or past week.

if you don't need it,i won't upload it.
can this indicator calcuate daily as well? thx
  • #123
  • Apr 24, 2008 6:10am Apr 24, 2008 6:10am
Quoting goodness
can this indicator calcuate daily as well? thx
Yeah,It actually calculates the next bar Slope.if you change chart to Weekly,it will calculate week project,if you change chart to Daily,it will calculate Daily project.
  • #124
  • Apr 24, 2008 6:27am Apr 24, 2008 6:27am
Quoting beyeu123
Yeah,It actually calculates the next bar Slope.if you change chart to Weekly,it will calculate week project,if you change chart to Daily,it will calculate Daily project.
ok look fwd to it. thx!
  • #125
  • Apr 24, 2008 7:47am Apr 24, 2008 7:47am
Dragosd1,

"To format the cell, select it and open from the menu "conditonal formatting, then change only the font colour in every case to black, so you will be able to see the values.Here is the modified spreadsheet..."

Gracias
  • #126
  • Apr 24, 2008 7:49am Apr 24, 2008 7:49am
Quoting beyeu123
i've created an indicator base on weekly 80/20,so you don't need to use Excel to calculate.

if you want to use an indicator base on weekly 80/20,I'll upload it at this weekend.It's a simple indicator to calculate project price for next week (or next month) or past week.

if you don't need it,i won't upload it.
Looking forward to using your indicator. Please do upload to the forum.

Thanks
  • #127
  • Edited 7:57am Apr 24, 2008 7:53am | Edited 7:57am
Quoting beyeu123
Yeah,It actually calculates the next bar Slope.if you change chart to Weekly,it will calculate week project,if you change chart to Daily,it will calculate Daily project.
I think dragosd1 said in post #112 that Sunday candles are excluded while looking back for the past 20 hi/lows.

Will this indicator take care of that?

While using the indicator on weekly or monthly, this problem wouldn't arise. But for daily chart, is there is any option to specify that Sunday candles should be excluded?

Thanks
Peace
  • #128
  • Apr 24, 2008 8:07am Apr 24, 2008 8:07am
Quoting denverdude
I think dragosd1 said in post #112 that Sunday candles are excluded while looking back for the past 20 hi/lows.

Will this indicator take care of that?

While using the indicator on weekly or monthly, this problem wouldn't arise. But for daily chart, is there is any option to specify that Sunday candles should be excluded?

Thanks
Peace
Yes,of course.It excludes Sunday & Saturday Candles because daily chart doesn't have Sunday & Saturday candles.I'll post it at this weekend.
  • #129
  • Edited 10:19am Apr 24, 2008 9:59am | Edited 10:19am
This is demo indicator's screen shot (i coded it not for commercial,I'll post it at this Sunday,if you want to add more functions,please feedback to me).My broker is Alpari UK and this calculation may be different a bit if your broker is not Alpari :

Calculate in Monthly chart :

http://img229.imageshack.us/img229/3333/monthlywm8.gif


Calculate in Weekly chart :
http://img160.imageshack.us/img160/2757/weeklyye5.gif


Calculate in Daily Chart :
http://img160.imageshack.us/img160/3161/dailyyi2.gif


Calculate in H4 chart :


http://img229.imageshack.us/img229/6837/4hut3.gif

You can change BarShift Option to see Project for past time.
  • #130
  • Apr 24, 2008 11:21am Apr 24, 2008 11:21am
Nice , now just the appropriate lines within the chart are missing
  • #131
  • Edited 11:52am Apr 24, 2008 11:36am | Edited 11:52am
Quoting Wonko
Nice , now just the appropriate lines within the chart are missing
if you change timeframe .i.e : from weekly to daily,project calculation will change,so appropriate lines will change,too.So,that's reason i don't add auto horizontal line for this indicator.You should add these lines manually to avoid this problem.

you should add appropriate lines manually.i.e:

weekly chart :
http://img234.imageshack.us/img234/3...klylineih6.gif

when u change to 4H chart,these lines still there :
http://img229.imageshack.us/img229/4887/4hlinevl1.gif


if BarShift option = 0,you should wait for this weekend (saturday & Sunday) to acquire next week project calculation result exactly
  • #132
  • Apr 24, 2008 1:18pm Apr 24, 2008 1:18pm
Quoting beyeu123
i've created an indicator base on weekly 80/20,so you don't need to use Excel to calculate.

if you want to use an indicator base on weekly 80/20,I'll upload it at this weekend.It's a simple indicator to calculate project price for next week (or next month) or past week.

if you don't need it,i won't upload it.

I'd be interested in seeing whatever you create.
  • #133
  • Apr 24, 2008 1:21pm Apr 24, 2008 1:21pm
Quoting dragosd1
Meantime, during today

DAILY 80/20 experimental

POSITIONS Closed from 22.04

AUD/JPY +130 pips (TP)
USD/CHF +32 pips (TP)
GBP/CHF +16 pips (TS)
so, total for 22.04 +968 pips

Closed from 23.04
CAD/JPY +54 (TP)
GBP/USD +149 (TP)
EUR/USD +137 (2 positions both TP)
CHF/JPY +56 (TP)
EUR/JPY +49 (TP)
GBP/JPY +115 (TP)
so, total +616 pips if we close all now

still floating +56 pips total open positions at this time....

still have 2 positions from 21.04 and 4 positions from 22.04 that are still open and negative, what do you suggest, Flyjetz, shold I let them run or should I close them?
I prefer staying mechanical. If you are eager to close out a profit before it hits TP, you also may be inclined to panic and close losses before giving them a chance to recover. If you want accurate data to support your system results, you need to let these run. (Trade at your own risk!!)
  • #134
  • Edited 1:50pm Apr 24, 2008 1:41pm | Edited 1:50pm
Appreciate your work in creating the indicator.

Is there any way you can display the slope on the chart?

Your call regarding this- how about freeing some space by formatting the text like this?
Weekly 80/20 system projection(Period: Barshift: ):
Min:
Max:
20%:
80%:
...
...

Also, please let us know what time zone your broker (Alpari) is at. I hope it is GMT+0, might make my life easy as I have IBFX which is GMT
Thanks,
Peace.
  • #135
  • Apr 24, 2008 2:46pm Apr 24, 2008 2:46pm
New position added this morning (IN BOLD):

I currently have OPEN positions in:

Trade No. Enter Date Direction Pair Price
#19) 21-Mar-08 Short USD/JPY 99.53
#29) 10-Apr-08 Short USD/CHF 1.0082
#35) 16-Apr-08 Short EUR/JPY 161.45
#36) 17-Apr-08 Short GBP/JPY 202.02
#37) 17-Apr-08 Short GBP/USD 1.9875
#38) 18-Apr-08 Long EUR/GBP 0.7953
#39) 24-Apr-08 Long EUR/USD 1.5778
  • #136
  • Apr 25, 2008 9:16am Apr 25, 2008 9:16am
Quoting denverdude
Appreciate your work in creating the indicator.

Is there any way you can display the slope on the chart?

Your call regarding this- how about freeing some space by formatting the text like this?
Weekly 80/20 system projection(Period: Barshift: ):
Min:
Max:
20%:
80%:
...
...

Also, please let us know what time zone your broker (Alpari) is at. I hope it is GMT+0, might make my life easy as I have IBFX which is GMT
Thanks,
Peace.
My Time Zone is GMT-5 (Alpari US)
  • #137
  • Apr 25, 2008 1:21pm Apr 25, 2008 1:21pm
New position added this morning (IN BOLD):

I currently have OPEN positions in:

Trade No. Enter Date Direction Pair Price
#19) 21-Mar-08 Short USD/JPY 99.53
#29) 10-Apr-08 Short USD/CHF 1.0082
#35) 16-Apr-08 Short EUR/JPY 161.45
#36) 17-Apr-08 Short GBP/JPY 202.02
#37) 17-Apr-08 Short GBP/USD 1.9875
#38) 18-Apr-08 Long EUR/GBP 0.7953
#39) 24-Apr-08 Long EUR/USD 1.5778
#40) 25-Apr-08 Long NZD/USD 0.7829
  • #138
  • Apr 25, 2008 10:27pm Apr 25, 2008 10:27pm
PAIR Direction Entry Exit (My Position)

GBP/JPY Short 206.74* TP=202.79 (Short from 202.02)
GBP/USD Short 1.9942 TP=1.9711 (Short from 198.75)
USD/JPY Short 104.21* TP=102.48 (Short from 99.53)
USD/CHF Short 1.0248* TP=1.0066 (Short from 1.0082)
EUR/USD Long 1.5746* TP=1.5964 (Long from 1.5778)
AUD/USD Long 0.9377* TP=0.9531 (Waiting for entry price)
NZD/USD Long 0.7845* TP=0.7985 (Long from 0.7829)
USD/CAD Short 1.0185 TP=1.0029 (Waiting for entry price)
EUR/GBP Long 0.7947* TP=0.8041 (Long from 0.7953)
EUR/JPY Short 165.15* TP=162.56 (Short from 161.45)**

*Depending on your broker's weekend market spread, you may be able to get into this trade right now at a price better than the listed entry price!
**Note that my current position is in the opposite direction of the reccommended trade. In this situation, I maintain my current position and update the TP. I also place a pending limit order at the new entry point in the opposite direction.

Since I was already in several of these trades, I posted my original entry points. I adjust my exit point (TP) based on the new week's levels. If you are just getting in for the first time, I listed the proper entry points for those trades as well. When you see me post my closed positions, it will be based on my original entry price, not necessarily the entry prices posted above. However, if I end up closing a trade, I immediately reopen a trade with the current week's entry prices listed above. It's possible to run from entry price to exit price more than once in a week in a single currency.
  • #139
  • Apr 26, 2008 7:50am Apr 26, 2008 7:50am
Quoting dragosd1
ok, now it's crystal clear.
I also start to experiment it daily, I shall keep it post the results

do u mind sharing the daily xl sheet for comparison. thx
  • #140
  • Edited 3:50am Apr 27, 2008 3:27am | Edited 3:50am
I added more functions for my indicator.These are 4 appropriate lines that will draw in chart automatically when u attach my indi (10%,20%,80%,90%).When you change timeframes,lines of timeframe you choose (i.e:Weekly) will not disappear.Screenshot :

2 green lines are 10% & 20 %.We will buy when price cross from below to above these lines.
2 red lines are 80% & 90%.We will sell when price cross from above to below these lines.
http://img72.imageshack.us/img72/338...tradingeu6.gif

Projected 20% GBPUSD for next week : 1.9710
Projected 80% GBPUSD for next week : 1.9936
Projected 10% GBPUSD for next week : 1.9672
Projected 90% GBPUSD for next week : 1.9974

These calculations are exactly for my data (Alpari US) . If your results are approximate my results,i think your results are right
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