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The DIBS Method... No Free Lunch continues

  • #1,361
  • Jun 9, 2008 2:41am Jun 9, 2008 2:41am
EY & GU - breakout (buy)
hehe.......
  • #1,362
  • Jun 9, 2008 2:44am Jun 9, 2008 2:44am
Quoting jarroo
Just remember that some of those hourly DIBS trades can turn into a long term trade, my brother.
This is true too my man. I can't believe something this simple is so revolutionary for my trading on shorter timeframes lol
I dream, therefore I become.
  • #1,363
  • Jun 9, 2008 2:50am Jun 9, 2008 2:50am
Hi everyone,
I'm not sure entirely how Jarroo's system works, but here is what I understood and programmed:
(1)Buy if inside bar and broke high
(2)Sell if inside bar and broke low
(3)Configurable Lots,Slippage,StopLoss,TakeProfit,and TrailingStop
(4)Stop and Reverse trades
Attached File(s)
File Type: ex4 Jarroo.ex4   5 KB | 695 downloads
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
  • #1,364
  • Jun 9, 2008 2:57am Jun 9, 2008 2:57am
Quoting Oksana17
Hi everyone,
I'm not sure entirely how Jarroo's system works, but here is what I understood and programmed:
(1)Buy if inside bar and broke high
(2)Sell if inside bar and broke low
(3)Configurable Lots,Slippage,StopLoss,TakeProfit,and TrailingStop
(4)Stop and Reverse trades
is it a EA?
wow !
good going guys
  • #1,365
  • Jun 9, 2008 3:05am Jun 9, 2008 3:05am
i'm hoping that somebody ( programmer of course) can develop an indi showing that there is a IB(inside bar) in any pair......
maybe some alert (pop up + sound + email) of when an IB is completely formed should be help very much of us.

we can monitor many pair lol.
i and my friends were calculating the probabilities of many pairs manually - using our eyes.
the good one
GU EU EY (i havent finished calculating probabilities yet)

with just a fractal or MA, we can take either buy stop / sell stop or we can put buy stop n sell stop together........

this is almost naked trading.......
  • #1,366
  • Jun 9, 2008 3:18am Jun 9, 2008 3:18am
Quoting bujal38
is it a EA?
wow !
good going guys
Thanks
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
  • #1,367
  • Jun 9, 2008 3:18am Jun 9, 2008 3:18am
Quoting bujal38
i'm hoping that somebody ( programmer of course) can develop an indi showing that there is a IB(inside bar) in any pair......
maybe some alert (pop up + sound + email) of when an IB is completely formed should be help very much of us.
Not sure if this can do everything (alerts) since I haven't used it in a while but this is one I got somewhere in the forums that shows many price action setups. I'm guessing some generic alert code can be cut and pasted with this detection of IBs and it can be accomplished.
Attached File(s)
File Type: mq4 Price_Action_1.1.mq4   22 KB | 993 downloads
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #1,368
  • Jun 9, 2008 3:21am Jun 9, 2008 3:21am
Quoting jarroo
Not a bad idea Mike. But you know, these breaks are not hard and fast. I would like to see Price run like hell after the break. Oh well, let's see what happens.
Stopped out again on the Usd/Jpy for -15 pips. I saw this coming.
Indicators show the past. Price Action "Indicates" the future.
  • #1,369
  • Jun 9, 2008 3:36am Jun 9, 2008 3:36am
Missed that IB on the 4 hour Gbp/Jpy.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #1,370
  • Jun 9, 2008 3:43am Jun 9, 2008 3:43am
Quoting jarroo
Missed that IB on the 4 hour Gbp/Jpy.
That was a nice one man. It looks like we'll see another IB on the euro on this hourly close- can't be too sure yet, but that's a possibility at the moment.
I dream, therefore I become.
  • #1,371
  • Jun 9, 2008 3:45am Jun 9, 2008 3:45am
Quoting bujal38
i'm hoping that somebody ( programmer of course) can develop an indi showing that there is a IB(inside bar) in any pair......
maybe some alert (pop up + sound + email) of when an IB is completely formed should be help very much of us.

we can monitor many pair lol.
i and my friends were calculating the probabilities of many pairs manually - using our eyes.
the good one
GU EU EY (i havent finished calculating probabilities yet)

with just a fractal or MA, we can take either buy stop / sell stop or we can put buy stop n sell stop together........

this is almost naked trading.......
Here You go my friend. An indicator that shows the inside bars, and alerts to them.
Attached it is.
Attached File(s)
File Type: ex4 Jarroo Indicator.ex4   3 KB | 897 downloads
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
  • #1,372
  • Jun 9, 2008 3:51am Jun 9, 2008 3:51am
Quoting jarroo
Missed that IB on the 4 hour Gbp/Jpy.
Hi Jarroo,
take a look at post #1,363(previous page). I've coded an EA. If You use it, You won't miss trades as often. If You need anything changed to it, just tell me.
Cheers....
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
  • #1,373
  • Jun 9, 2008 3:58am Jun 9, 2008 3:58am
Quoting mike w
That was a nice one man. It looks like we'll see another IB on the euro on this hourly close- can't be too sure yet, but that's a possibility at the moment.
Here comes the IB setup on the euro.
I dream, therefore I become.
  • #1,374
  • Jun 9, 2008 4:18am Jun 9, 2008 4:18am
Quoting Oksana17
Here You go my friend. An indicator that shows the inside bars, and alerts to them.
Attached it is.
many thanks oksana17....
i ll try your EA and indi for sure....
i read many of this IB but dont understand until my friend give me a book that tell it in easy way.....and then when i play around in FF...
wowwie.....i found this....
hehe

thank you jarroo, thank you peter crown, thank you many other peoples.....
lets go, together we monitor the IB........

even 1% margin used for this setup, if in one day, we got about 4-5 succesfull trade....hehe

i also found out that this tactics was succesful on daily candle.
this method can be very succesful because its MM .... tight SL but big TP....the TP is flying!
  • #1,375
  • Jun 9, 2008 4:21am Jun 9, 2008 4:21am
Quoting bujal38
many thanks oksana17....
i ll try your EA and indi for sure....
i read many of this IB but dont understand until my friend give me a book that tell it in easy way.....and then when i play around in FF...
wowwie.....i found this....
hehe

thank you jarroo, thank you peter crown, thank you many other peoples.....
lets go, together we monitor the IB........

even 1% margin used for this setup, if in one day, we got about 4-5 succesfull trade....hehe

i also found out that this tactics was succesful on daily candle.
this method can be very succesful because its MM .... tight SL but big TP....the TP is flying!
Your welcome. Good luck trading!
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
  • #1,376
  • Edited 6:16am Jun 9, 2008 4:39am | Edited 6:16am
This method always remember me what I am using with important points of reverse (supports and resistances) with this indicator:

http://noponzi.com/SupportandResistance.mq4 (itīs only a fractal indicator with different colors or lines).

I am using it watching the daily-4h trend or candles (if they are green going upwards or the opposite, if 4h and daily are different I donīt open a trade) and then trading in 1h or 4h timeframe (easier and less risk in 1 h).

As you know most of the times the price touch the resistance/support and retrace and the second time (sometimes the third or more) it finally breaks this resistance/support. So I only place a buy stop 20 pips above/below the resistance/support going with the trend with a SL below/above this resistance/support.

Of course following a good money management and only risking 1%-3% of my full balance (I make my calculations with the stop losses), and protecting the position moving the SL to breakeven when I am in profit (for example with 30 pips).

Now I am testing DIBS method drawing the line when London opens.
  • #1,377
  • Jun 9, 2008 4:51am Jun 9, 2008 4:51am
Hi all, thanks for all the development made. I've been following in the back ground

Just a heads up to crude oil, is forming a inside bar that might tell us the trend for the day... this days every thing is related to crude.
Non sunt multiplicanda entia preater necessitaem
  • #1,378
  • Jun 9, 2008 4:58am Jun 9, 2008 4:58am
There's a chance of this hourly candle on the euro closing as a pin bar and so I think that would give us the force needed to get the next setup going at 1.5930. It's been a good morning so far. I'm not going to lie, I thought I was getting stopped out though. Had I based my stops discretionary then I would have although it would have been in profit.
I dream, therefore I become.
  • #1,379
  • Jun 9, 2008 4:58am Jun 9, 2008 4:58am
nice IB shaping up on cable as well as some others on 4 hour charts (will know for sure in 2 hours)
  • #1,380
  • Jun 9, 2008 5:01am Jun 9, 2008 5:01am
Quoting Trumpcard
nice IB shaping up on cable as well as some others on 4 hour charts (will know for sure in 2 hours)
Nice! Thanks for the heads up TC! We actually just had an IB on the gbp/usd hourly too. Something to think about for ya man!
I dream, therefore I become.
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