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  • #1,581
  • Jun 11, 2008 10:38pm Jun 11, 2008 10:38pm
i think to make life simple, here is my suggestion to those who can develop an indi

1. Indi of IB (dont paint the candle or bar, just show top or low of IB that meet criteria of IB)

2. pop up alert of IB & sound (showing IB alert and what pair)

the indi created by oksana previously is ok but the problem was.....
1. it paint the bar/candle & we need to refresh the chart many times...
2. its pop up alert just show "IB alert "..we need to go all the chart to see where is the IB

but honestly...you re great Oksana17.it is just my idea.
indi will help us very much
  • #1,582
  • Jun 11, 2008 10:56pm Jun 11, 2008 10:56pm
if you like to develop an EA for this IB and how to take the trade using EA
here is my friend and i rules that make his demo account double in 3 days

1. there is IB formed and complete.

2. we see if it is above or below SMA. if above SMA, buy only. below sell only (we put buy stop or sell stop) ea can do this better than us because sometimes, just after the IB, the price movement is so fast!

3. if MACD(i use 12 26 9) is also pointing up..then the buy valid. pointing/cross down...sell valid. but it must be same with SMA. both SMA and MACD up, IB is there...BUY. both SMA and MACD down, IB is there...sell only. we also can use stochastic (stoch is reliable on higher tf only) - but maybe ea programmer can put in the parameter (we can set it true or false) then we can try

4. tf..... 30m, 1hr, 4hr, daily. i try it at 4hr and daily. my friend is at 30m and 1hr

5. time to play 30m and 1hr....around 5GMT or 14GMT (can the ea set its start n stop timing for evaluating IB) we dont take the IB that creates before or after that time ( we can put it at our preferences time - we can adjust it accordingly)

6. money management (true/false) to set the lot based on capital ( can set to true or false)

7. if MM false, we can set our preference lot.

8. TP set up (true/false)
if true :

TP 1 = same of high to low of IB candle
TP 2 = move the 2nd lot to BE+1 when 1st TP reach
trail with xx pips

if false : set predetermined TP (xx pips)

SL - higher or lowe of previous candle(next to IB candle)

-----------------------------------------------------------------------

or if we use Jarro & Peter Crown rules
1. IB
2. up from opening time - buy only
3. down from opening time - sell only
4. SL - just at the top or low of IB
5. TP - predetermined or
high to low of the IB candle for 1st TP, then free ride the 2nd lot....

super simple eh this system.... ( i dont know how to create the ea). i just use my eyes to determine the entry...trend etc....but i know you guys can do it......

lets rock pips everybody...
  • #1,583
  • Jun 11, 2008 11:35pm Jun 11, 2008 11:35pm
Quoting bujal38
if you like to develop an EA for this IB and how to take the trade using EA
here is my friend and i rules that make his demo account double in 3 days

1. there is IB formed and complete.

2. we see if it is above or below SMA. if above SMA, buy only. below sell only (we put buy stop or sell stop) ea can do this better than us because sometimes, just after the IB, the price movement is so fast!

3. if MACD(i use 12 26 9) is also pointing up..then the buy valid. pointing/cross down...sell valid. but it must be same with SMA. both SMA and MACD up, IB is there...BUY. both SMA and MACD down, IB is there...sell only. we also can use stochastic (stoch is reliable on higher tf only) - but maybe ea programmer can put in the parameter (we can set it true or false) then we can try

4. tf..... 30m, 1hr, 4hr, daily. i try it at 4hr and daily. my friend is at 30m and 1hr

5. time to play 30m and 1hr....around 5GMT or 14GMT (can the ea set its start n stop timing for evaluating IB) we dont take the IB that creates before or after that time ( we can put it at our preferences time - we can adjust it accordingly)

6. money management (true/false) to set the lot based on capital ( can set to true or false)

7. if MM false, we can set our preference lot.

8. TP set up (true/false)
if true :

TP 1 = same of high to low of IB candle
TP 2 = move the 2nd lot to BE+1 when 1st TP reach
trail with xx pips

if false : set predetermined TP (xx pips)

SL - higher or lowe of previous candle(next to IB candle)

-----------------------------------------------------------------------

or if we use Jarro & Peter Crown rules
1. IB
2. up from opening time - buy only
3. down from opening time - sell only
4. SL - just at the top or low of IB
5. TP - predetermined or
high to low of the IB candle for 1st TP, then free ride the 2nd lot....

super simple eh this system.... ( i dont know how to create the ea). i just use my eyes to determine the entry...trend etc....but i know you guys can do it......

lets rock pips everybody...
Thank you for the info .. great input. Question for you .... which SMA do you consider ? Eg. 5 SMA, 50 SMA ....
  • #1,584
  • Jun 11, 2008 11:44pm Jun 11, 2008 11:44pm
Hi NowAndLater,

You had put 1 pip spread for USDJPY. Can I know who is the broker who gives 1 pip spread for the major pairs ??

Thanks .... Cheers
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #1,585
  • Jun 11, 2008 11:58pm Jun 11, 2008 11:58pm
Quoting rpasupathy
Hi NowAndLater,

You had put 1 pip spread for USDJPY. Can I know who is the broker who gives 1 pip spread for the major pairs ??

Thanks .... Cheers
if moderator doesnt mind ...i just answering his question...crownforex
  • #1,586
  • Jun 11, 2008 11:59pm Jun 11, 2008 11:59pm
Quoting Togy
Thank you for the info .. great input. Question for you .... which SMA do you consider ? Eg. 5 SMA, 50 SMA ....
it s up to you man....what sma or ema u find suite with your life
me 21..or 50
  • #1,587
  • Jun 11, 2008 11:59pm Jun 11, 2008 11:59pm
Quoting bujal38
if moderator doesnt mind ...i just answering his question...crownforex
Oh Sorry. If I had asked anything which I shouldnt. Sorry for the same.

Made some pips yesterday with USDJPY shorts using DIBS....

Cheers
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #1,588
  • Jun 12, 2008 12:01am Jun 12, 2008 12:01am
get ready everyone......DIBS time is coming....tadaaa.....5GMT or 6 GMT...which one u like!

lets rock the pips...!
  • #1,589
  • Jun 12, 2008 12:04am Jun 12, 2008 12:04am
DIBS coming...
GU tf 1hour.....but Jarro timing is not coming yet
- lunch time here...... good luck everybody

looking for sell the GU.....
GY still not hit tp or SL since last night.....
is the big bag boom is coming?
  • #1,590
  • Jun 12, 2008 12:27am Jun 12, 2008 12:27am
I like this DIBS 0400 (0000 EST) IB off the 0500 (0100 EST) Open.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #1,591
  • Jun 12, 2008 12:31am Jun 12, 2008 12:31am
Quoting bujal38
get ready everyone......DIBS time is coming....tadaaa.....5GMT or 6 GMT...which one u like!

lets rock the pips...!
0500 GMT on my platform is GMT -1.
Indicators show the past. Price Action "Indicates" the future.
  • #1,592
  • Jun 12, 2008 12:39am Jun 12, 2008 12:39am
Prior IBs off the 0500 (0100 EST) Open. Usd/Jpy.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #1,593
  • Jun 12, 2008 12:58am Jun 12, 2008 12:58am
Quoting jarroo
I like this DIBS 0400 (0000 EST) IB off the 0500 (0100 EST) Open.
It's starting to work. I like seeing successive IBs.
  • #1,594
  • Jun 12, 2008 12:59am Jun 12, 2008 12:59am
Quoting billflet
It's starting to work. I like seeing successive IBs.

Cable looks strong my friend.
Indicators show the past. Price Action "Indicates" the future.
  • #1,595
  • Jun 12, 2008 12:59am Jun 12, 2008 12:59am
Quoting f4mnect
Like the ea alot, thanks. I'm just using it for backtesting and was wondering if you could add 1 filter that I have been using for the last few weeks and has kept me in very good trades. I have been using a rsi set to 14 and if below 50 level will only look for short dibs and if above the 50 level I look to go long on dibs. plus will wait on entering a dib until rsi supports it, has kept me entering a little later but usually at the dib cross just a bar or 2 later and with much less draw down on open trades, by the time the rsi 14 has supported the trade. it has made up its mind and I don't sit for 2 or 3 hours bouncing back and forth. Thanks
Hi,
I've coded it so that it opens trades with the rsi filter, but it exits trades(stop n reverse) without the rsi filter. I think this is what You meant.
Attached File(s)
File Type: ex4 Jarroo.ex4   10 KB | 550 downloads
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
  • #1,596
  • Jun 12, 2008 1:17am Jun 12, 2008 1:17am
Hey jaroo, great thread! I followed MPP here and love it. Since Im a big fan of Jacko and PA this fits right in. So last night I had a look and found an IB on aussie so I left it on demo, 2 am my time so the sell entry was 0.9467, sl of 9 pips (gotta love it) so guess what it dropped to hell. fantastic. I will be reading this and the other thread up and down but even the first page was a lesson for me...great stuff, Raz
Never say never.
  • #1,597
  • Jun 12, 2008 1:17am Jun 12, 2008 1:17am
Quoting jarroo
Cable looks strong my friend.
Meaning the "strong hand". I guess I should have said "the Cable looks weak".
Indicators show the past. Price Action "Indicates" the future.
  • #1,598
  • Jun 12, 2008 1:20am Jun 12, 2008 1:20am
Quoting jarroo
Meaning the "strong hand". I guess I should have said "the Cable looks weak".
Weaker by the minute!
  • #1,599
  • Jun 12, 2008 1:22am Jun 12, 2008 1:22am
Quoting razldazl
Hey jaroo, great thread! I followed MPP here and love it. Since Im a big fan of Jacko and PA this fits right in. So last night I had a look and found an IB on aussie so I left it on demo, 2 am my time so the sell entry was 0.9467, sl of 9 pips (gotta love it) so guess what it dropped to hell. fantastic. I will be reading this and the other thread up and down but even the first page was a lesson for me...great stuff, Raz
Thanks Razl.

Any input (comments, ideas, etc.,) that you care share on this method would be great.

Hey gang . . . she's one of the good guys . . I mean . . gals.
Indicators show the past. Price Action "Indicates" the future.
  • #1,600
  • Jun 12, 2008 1:26am Jun 12, 2008 1:26am
Nice setup on Cable as you have mentioned and it's already in free ride, very nice start of the day. UJ is a go as well, USD rebounding from yesterdays retracment.
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