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5 Min Keltner System

  • #41
  • May 15, 2008 6:04am May 15, 2008 6:04am
Thanks green...
I thought about that, and the curve on the stochs was still on the down side.

Well learn learn learn


Quoting Greenhaze
Zaka you need to watchout for momentum. You enterd on two very weak bullish bars on NZDUSD trade.
Non sunt multiplicanda entia preater necessitaem
  • #42
  • May 15, 2008 6:04am May 15, 2008 6:04am
I loaded your template, but this is what I get. None of the boxes and arrows seem to line up properly. I've got blue boxes and arrows in areas where they should not be. Any suggestion on how to fix this?
Attached Image (click to enlarge)
Click to Enlarge Name: Keltner.png Size: 15 KB
  • #43
  • May 15, 2008 6:08am May 15, 2008 6:08am
I guess that is just some boxes put there for indication of past trades in cable. NOT A INDICATOR or a signal indicator.
delete those



Quoting BenQ
I loaded your template, but this is what I get. None of the boxes and arrows seem to line up properly. I've got blue boxes and arrows in areas where they should not be. Any suggestion on how to fix this?
Non sunt multiplicanda entia preater necessitaem
  • #44
  • May 15, 2008 6:10am May 15, 2008 6:10am
just delete them, they have only been put on manually to show the trades yesterday
  • #45
  • May 15, 2008 6:30am May 15, 2008 6:30am
ok, thanks. I though they were part of the indicator he posted.

Quoting scorpion
just delete them, they have only been put on manually to show the trades yesterday
  • #46
  • May 15, 2008 6:48am May 15, 2008 6:48am
Quoting Paulus
Hi

The system is simple to trade although on er2 I trade with a 1 tick spread with 3 pips on Forex I will have to adjust. I’m hoping by trading it I can make any changes needed along the way.
In my Futures trading platform it is fully coded and traded through Interactive Brokers TWS via Ninja Trader .It could be traded through an EA but I{ cant code so for me its manual atm.
Hi
If you are using IB, the Forex spread on gbpusd i see is 1 to 2 pips. Although there is a commission to pay, so it may be more effective than you think, your system.
  • #47
  • May 15, 2008 8:35am May 15, 2008 8:35am
What i've always wanted for such systems is 2 hot buttons infront of me which automaticly sell or buy a specific amount of currency at market price.
I just think i'm to slow when i have to click like a maniac on my MT platform just to open and close a position.
  • #48
  • May 15, 2008 9:34am May 15, 2008 9:34am
It's easy to write script like that. Tell me exactly what you need.
I could benefit from that script aswell.
  • #49
  • May 15, 2008 9:48am May 15, 2008 9:48am
Hi Greenhaze you any good at writing EA's



Paulus
  • #50
  • May 15, 2008 9:53am May 15, 2008 9:53am
zaka around 20-30 signals a day .. actually I may be switching over to EURUSD as only 2 pips spread.

I was watching 3 swaps but was seriously doing my head in

Yes like the idea of closing half and letting the rest run I do this on my eod forex but found for a couple months i would of made allot more closing the lot at 1st tp...in day trading its finding a reliable way of letting the runners run.

Ergo bibamus

Paulus
  • #51
  • May 15, 2008 9:56am May 15, 2008 9:56am
Zaka in your post number 38 you show a losing trade this will happen but....

Are you sure the up bar ( entry bar) was taken with the stoch below 20 it doesn't look like it to me the 2nd winning trade the stoch IS below 20

Could u double check for me

cheers

Paulus
  • #52
  • May 15, 2008 9:58am May 15, 2008 9:58am
Hello Paulus

I know how to write indicators and scripts but never wrote EA.
It dont have to be much harder to do i think
  • #53
  • May 15, 2008 9:58am May 15, 2008 9:58am
BenQ

yes sorry about that didn't realise that when you save a template it saves it with objects attached Zaka is right just delete.

Sorry about that

Paulus
  • #54
  • May 15, 2008 10:01am May 15, 2008 10:01am
Emacro

Yes tried trading it with IB ..trouble;e is if you use thier TWS as a data feed which I did it only gives you around 8 swaps and its not a smooth process getting it into IRT..

In the end I moved over to MT for my Forex ..Commission is negligible really $2 round trip and ER2 and thats for a contract thats $100 per point so if you close with just 1tick ($10) you easily cover the spread

I did look at Esignal but to be quite honest I really wanted a plateform I could trade through not along side ...my only other option is trade station which is free if you do a certain number of trades a month

cheers

Paulus
  • #55
  • May 15, 2008 10:03am May 15, 2008 10:03am
Green haze if you want to have a crack at it let me know Il send a mail for entry etc

I'm envious and I should make an effort to learn the coding

Paulus
  • #56
  • May 15, 2008 10:16am May 15, 2008 10:16am
Long position

I enter in the last 10 secs of the entry candle with a nominal 10 pip tp and sl
When im filled I modify my ticket to take tp at the top kelt band this is easy to do as the navigator window in MT gives you exact keltner price

When I get a new 5min candle ,the keltners have obviously moved up or down and i simply modify the order again.

If I'm in the trade for 20mins I enter once,then modify 3 times... 1 min before the end of each new 5min candle i get the modify ticket up and get ready to change it.

This may seem like alot of hassle but it only happens once every 30mins or so

paulus
  • #57
  • May 15, 2008 11:24am May 15, 2008 11:24am
Paulus, can we use this strategy on any of the pairs?
  • #58
  • May 15, 2008 11:30am May 15, 2008 11:30am
I was playing with this strategy and guess what...

in the same window change to the hour and put some fibs, change back to 5min and bingo... you have the big points of reverse, just helps some candle sticks knowledge.

What's your thoughts Paulus?

Non sunt multiplicanda entia preater necessitaem
  • #59
  • May 15, 2008 11:49am May 15, 2008 11:49am
Quoting Paulus
Zaka in your post number 38 you show a losing trade this will happen but....

Are you sure the up bar ( entry bar) was taken with the stoch below 20 it doesn't look like it to me the 2nd winning trade the stoch IS below 20

Could u double check for me

cheers

Paulus
It was under but heading south, I've to wait for it to at least be horizontal...

I'm getting bug eyes lol
Non sunt multiplicanda entia preater necessitaem
  • #60
  • May 15, 2008 12:02pm May 15, 2008 12:02pm
This is fun in ranging days... let's see how this will play
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