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Janqie's simple System

  • #1
  • First Post: Jul 23, 2008 10:14am Jul 23, 2008 10:14am
Hello to all,

Firt of all i want to thank all the people in this forum!!! I am reading the threats for maby one year and have learned a lot from it.I think this forum is great for newbie people.I am from Lithuania so sorry for my broken English
For about one month i am demo testing my system and it works well to me so i want to share it with you...

I am trading only in the morning from 7 - 8 till about 12 - 13 h. so my aim is to cach the 30 pip trend in london session.
I am trading on 5 min tf and the HAS indicator shows us 5 , 15 , 30 , 60 min trends. in about london open we need to look in the indicator's 30 and 60 bars to find same color (white to buy , grey to sell) others shows us the pullbacks.I am using 20 - 30 stops and 30 pip proofit.For stop can use the last low or high.sometimes it goes more than 30 pip but I dont want to be greedy, just cut my prof, leave the market and have my life
I attached some pictures indicator and my template.
Any comments wound be thankfull.
Many pips to you all
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur_usd.gif Size: 21 KB
Click to Enlarge Name: usd_cad.gif Size: 21 KB
Click to Enlarge Name: usd_chf.gif Size: 20 KB
Click to Enlarge Name: usd_jpy.gif Size: 20 KB
Attached File(s)
File Type: tpl 1.tpl   5 KB | 611 downloads
File Type: ex4 4 TF HAS Bar2.ex4   7 KB | 773 downloads
File Type: ex4 Clock_v1_2.ex4   14 KB | 527 downloads
"Even a million miles journey starts with one single step"
  • #2
  • Jul 23, 2008 10:44am Jul 23, 2008 10:44am
Are these real time charts that you have posted? There have been numerous MTF HAS threads in the past, and the problem with this indicator is the repainting of the longer timeframes.

Looking back at the history of charts gives a very misleading impression of this indicator's usefulness, the only useful testing is forward testing IMHO

Andy
  • #3
  • Jul 23, 2008 10:47am Jul 23, 2008 10:47am
Quoting janqie
Hello to all,

Firt of all i want to thank all the people in this forum!!! I am reading the threats for maby one year and have learned a lot from it.I think this forum is great for newbie people.I am from Lithuania so sorry for my broken English
For about one month i am demo testing my system and it works well to me so i want to share it with you...

I am trading only in the morning from 7 - 8 till about 12 - 13 h. so my aim is to cach the 30 pip trend in london session.
I am trading on 5 min tf and the HAS indicator shows us 5 , 15 , 30 , 60 min trends. in about london open we need to look in the indicator's 30 and 60 bars to find same color (white to buy , grey to sell) others shows us the pullbacks.I am using 20 - 30 stops and 30 pip proofit.For stop can use the last low or high.sometimes it goes more than 30 pip but I dont want to be greedy, just cut my prof, leave the market and have my life
I attached some pictures indicator and my template.
Any comments wound be thankfull.
Many pips to you all
I couldn't tell from your charts-
Are you entering when all TFs show the same color?
You mentioned the 30 and 60- why?
Thanks
  • #4
  • Jul 23, 2008 11:06am Jul 23, 2008 11:06am
It appears that entries are made on the 5M and need to agree with the 30M/1HR (both being the same color). Use 30 pip take profit and stop loss for a 1:1 RR ratio. This is what I got out of it.
  • #5
  • Jul 23, 2008 11:13am Jul 23, 2008 11:13am
Quoting lcfxtrader
It appears that entries are made on the 5M and need to agree with the 30M/1HR (both being the same color). Use 30 pip take profit and stop loss for a 1:1 RR ratio. This is what I got out of it.
That's what I thought at first from his remarks.
But if you look at his charts, all of his entrances are made when all the TF bars match. It may be coincidence.
  • #6
  • Jul 23, 2008 11:14am Jul 23, 2008 11:14am
I am not sure if the MTF indicator will repaint after the candle closes for any of the timeframes. Perhaps the author of the thread can comment on this. Very clean charts to say the least. It would be nice if it's a profitable system becuase the entries are crystal clear.
  • #7
  • Jul 23, 2008 11:19am Jul 23, 2008 11:19am
It appears the 5M, 30M, and 1HR TF on the indicator need to be in agreement for an entry when looking at the charts.
  • #8
  • Jul 23, 2008 11:26am Jul 23, 2008 11:26am
Quoting lcfxtrader
It appears the 5M, 30M, and 1HR TF on the indicator need to be in agreement for an entry when looking at the charts.
Maybe we can get an answer from janqie.
  • #9
  • Jul 23, 2008 4:00pm Jul 23, 2008 4:00pm
Quoting billbss
Maybe we can get an answer from janqie.
I think he is taking some rest not with the market headaches. Well someone here will be intereted to learn more about this stuff.

Nice charts anyway
  • #10
  • Jul 23, 2008 4:13pm Jul 23, 2008 4:13pm
Hello,
Sorry I was out a bit
trustGod1234 you are right 100 persent In trading i am the bigest enemy to myself couse i am sticking to much and then pressing myself to much and then am doing mistakes thats why i am taking only mornings to trading and then rest.


Quoting Andy B
Are these real time charts that you have posted? There have been numerous MTF HAS threads in the past, and the problem with this indicator is the repainting of the longer timeframes.

Looking back at the history of charts gives a very misleading impression of this indicator's usefulness, the only useful testing is forward testing IMHO

Andy

that HAS indicator seems that it dont repaint itself, I newer had any problems with it. I've done two pics,one about 19:30 and one now take a look
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 21 KB
Click to Enlarge Name: 2.gif Size: 19 KB
"Even a million miles journey starts with one single step"
  • #11
  • Jul 23, 2008 4:19pm Jul 23, 2008 4:19pm
Quoting lcfxtrader
It appears that entries are made on the 5M and need to agree with the 30M/1HR (both being the same color). Use 30 pip take profit and stop loss for a 1:1 RR ratio. This is what I got out of it.
you are right i am waiting 30 and 60 to get in same colour then entering on 5 min and taking 30pip tp / 30 pip sl. sometimes on the entering all the bars is in the same colour but thats not the main thing weary thanks for your attention!!
"Even a million miles journey starts with one single step"
  • #12
  • Jul 23, 2008 8:18pm Jul 23, 2008 8:18pm
I have a problem with the MTF indicator. All the boxes are the same color. I toggled through all the time frames hoping this would correct it. Any idea why this exist? It is also like this for the other pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 66 KB
  • #13
  • Jul 23, 2008 10:22pm Jul 23, 2008 10:22pm
I'm experiencing the same problem...the Has indicator shows only one color. DLL's are activated...please help!

Thanks,
Bob
  • #14
  • Jul 23, 2008 10:55pm Jul 23, 2008 10:55pm
You need this indicator to make the mtf indicator work.
Attached File(s)
File Type: mq4 Heiken_Ashi_Smoothed.mq4   4 KB | 516 downloads
  • #15
  • Jul 23, 2008 11:54pm Jul 23, 2008 11:54pm
Yep! Many thanks, Dan!
  • #16
  • Jul 24, 2008 2:16pm Jul 24, 2008 2:16pm
You may want to change the color of your charts to something easier to see.

As it stands, your charts are almost impossible to view and by having charts such as these, it takes more time to interpret and takes away time to make trading decisions.

Right click on the chart and click on properties.. and go from there.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #17
  • Jul 25, 2008 1:21pm Jul 25, 2008 1:21pm
I made an observation using this MTF indicator. If you are looking at a 5M chart and count the 1HR squares and then switch to a 1HR chart and count the 1HR squares there is a noticable difference in the number of squares that are suppose to be the same color. Has anyone else noticed this? Is the same indicator that was used in Don's system?
  • #18
  • Jul 25, 2008 4:11pm Jul 25, 2008 4:11pm
Quoting lcfxtrader
I made an observation using this MTF indicator. If you are looking at a 5M chart and count the 1HR squares and then switch to a 1HR chart and count the 1HR squares there is a noticable difference in the number of squares that are suppose to be the same color. Has anyone else noticed this? Is the same indicator that was used in Don's system?
They're the same.
On the 5M chart the 1H squares are the top row.
In a 1H chart, the 1H squares are the bottom row.


Run your cursor over them and compare the times that white started or black started and you'll see they match up.- at least mine do.
  • #19
  • Jul 25, 2008 5:33pm Jul 25, 2008 5:33pm
M5 example with H1 being the top row.
Attached Image (click to enlarge)
Click to Enlarge Name: m5.gif Size: 65 KB
  • #20
  • Jul 25, 2008 5:34pm Jul 25, 2008 5:34pm
H1 example with H1 being the bottom row.
Attached Image (click to enlarge)
Click to Enlarge Name: h1.gif Size: 66 KB
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