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Scalping the Rainbow

  • #321
  • Edited 11:36am Aug 22, 2008 10:48am | Edited 11:36am
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
JPY...2/0...50pip
Attached Image (click to enlarge)
Click to Enlarge Name: 14 aug22.2008.jpy..gif Size: 66 KB
"Money is only a part of wealth" Q.
  • #322
  • Edited 11:36am Aug 22, 2008 11:02am | Edited 11:36am
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Finally, my goal...100%
Fri score: 6/0...150 pips

Total 4 the week: 34/3....92%......544 pips...over my 500pip/week goal
Attached Image (click to enlarge)
Click to Enlarge Name: 14 aug22.2008.trades.gif Size: 29 KB
"Money is only a part of wealth" Q.
  • #323
  • Edited 11:31am Aug 22, 2008 11:16am | Edited 11:31am
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting Maverick731
Wolf on those post #'s (227 or w/e)
uses CCI as exit :/ I guess if it doesn't hit our 10 pip T/P then we use that as exit to avoid a 20 pip loss? or a 10pips loss?

BTW how are we using ATR to calc S/L?
Sorry, yes 4XP Wolfenstein v1.2 is in post #227
I think if exit is on cci trend line break will never hit SL20. SL10 is too close for my taste...Test it, see wich one is better, TP 10-12 or cci. Please post back the results

I don't calculate SL and I know this pairs. I look at atr somethimes, I don't calculate, it is different for each pair and time frame. My trading is not based on calculations, but on experience and judgement, I let calculations for the computers...those are good at math. One has to use both sides of the brain
"Money is only a part of wealth" Q.
  • #324
  • Aug 22, 2008 11:22am Aug 22, 2008 11:22am
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Anybody has a script that would close the trades in one pair? I lost a bunch of pips today closing one by one. I have one that closes all trades, don't need that.
I don't have the time right now to make one.
Thanks,
Dan
"Money is only a part of wealth" Q.
  • #325
  • Aug 22, 2008 11:34am Aug 22, 2008 11:34am
.
Attached File(s)
File Type: mq4 s-CloseOrders.mq4   2 KB | 1,995 downloads
  • #326
  • Aug 22, 2008 11:42am Aug 22, 2008 11:42am
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting lavalle
.
Thank you lavalle, apreciate...that was fast
"Money is only a part of wealth" Q.
  • #327
  • Aug 22, 2008 11:50am Aug 22, 2008 11:50am
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting lavalle
.
I just tried it...it closed all positions in all pairs...is there a setting to close just the orders in one pair?
"Money is only a part of wealth" Q.
  • #328
  • Aug 22, 2008 1:56pm Aug 22, 2008 1:56pm
So 4xq, you want to either exit on +10 T/P or on CCI crossover of a trendline on it...

A cross over of the CCI on the 1min correct?

I did some testing yesterday with this and the thing is, the CCI tended to get me out of the trade earlier than I should have and the trade ended up going my way, in no way did the trade end up going against me... It'll take more thorough testing tho

And I replay back data soon enough

BTW: why are your charts now M2/M3 timeframes?
  • #329
  • Aug 22, 2008 2:01pm Aug 22, 2008 2:01pm
Quoting 4xq
I'm done for the week...not bad
Fri...EUR 2/0...27pip
also this shows 3 trades...

The 2nd trade looks to be a failed trade that went past S/L and then B/E.

The first trade I don't understand other than that green line is S&R I guess.

You should really count that BE as a draw and not take it away as a win... lying to yourself is the worst thing to do in trading, it starts a downhill slope
  • #330
  • Aug 22, 2008 2:21pm Aug 22, 2008 2:21pm
hi 4xq,

do you mind telling what time you are trading (GMT if possible) and which pairs?

Thank you!
  • #331
  • Aug 23, 2008 7:06am Aug 23, 2008 7:06am
4xq,

u attached a pivot indicator.
It has the timezone variable set to 5. If I use GMT timeframe what is the variable?
  • #332
  • Aug 24, 2008 7:00am Aug 24, 2008 7:00am
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting incrediblefx
4xq,

u attached a pivot indicator.
It has the timezone variable set to 5. If I use GMT timeframe what is the variable?
I don't know, I don't have instructions, for EST TZ 5, for my server 7 works, I would try 0 for GMT
That is the time of calculation, so it is up to you when you want the pivots to be calculated...you get a vertical line at the time of calc. so you'll know
I calculate at 0 EST, so I get a line at 7 am...also prints on chart top the times
"Money is only a part of wealth" Q.
  • #333
  • Aug 24, 2008 7:12am Aug 24, 2008 7:12am
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting Maverick731
So 4xq, you want to either exit on +10 T/P or on CCI crossover of a trendline on it...

A cross over of the CCI on the 1min correct?

I did some testing yesterday with this and the thing is, the CCI tended to get me out of the trade earlier than I should have and the trade ended up going my way, in no way did the trade end up going against me... It'll take more thorough testing tho

And I replay back data soon enough

BTW: why are your charts now M2/M3 timeframes?
TF is 1m....M1/M3 is printed on the chart by the pivots indy
Can u post a shot? I have no idea how u draw the trend lines on cci
cci cross over of trend line and some 100 or 0 level on 1m
What do you mean by "earlier than I should have" earlier than TP10?
"Money is only a part of wealth" Q.
  • #334
  • Aug 24, 2008 7:22am Aug 24, 2008 7:22am
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting svlad1983
hi 4xq,

do you mind telling what time you are trading (GMT if possible) and which pairs?

Thank you!
This server (FXDD broker) is EST -7, so should be GMT -2
It makes the open/close of day (my TZ 17:00 EST) to be 0:00
eur, cable and the jap
"Money is only a part of wealth" Q.
  • #335
  • Aug 24, 2008 7:28am Aug 24, 2008 7:28am
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting saragosa
hello anyone can show me the rule? which post can give me explanation about ths system, thanks
U need to read the tread from the beginning, we have two systems here, latest rules post #227-228
"Money is only a part of wealth" Q.
  • #336
  • Aug 24, 2008 8:31am Aug 24, 2008 8:31am
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting Maverick731
also this shows 3 trades...

The 2nd trade looks to be a failed trade that went past S/L and then B/E.

The first trade I don't understand other than that green line is S&R I guess.

You should really count that BE as a draw and not take it away as a win... lying to yourself is the worst thing to do in trading, it starts a downhill slope
I trade now with the lion sys, technical and fundamental combined and I test things all the time, that's how I improve a sys.
A trade has not failed unless closed with a loss.
I turned off SL because my inspiration told me that the trend should continue, (I see the future , I am also a minister with a prophetic gift) and HE was right.
4XP LionKing is only v.1.1 and still needs improvement....maybe i will eliminate or get SL bigger in the next version

there are 3 trades on eur, 2/0 means 2 wins, 0 losses ...if you look at post #325 you'll see the BE...I don't count the break even's...2+0=2...there are 2 trades counted and 3 trades on the chart
first eur entry...price crossed purple in dir of the trend (very strong) and crossed 2 important s/r...very clear entry
"Money is only a part of wealth" Q.
  • #337
  • Aug 24, 2008 8:32am Aug 24, 2008 8:32am
Quoting 4xq
This server (FXDD broker) is EST -7, so should be GMT -2
It makes the open/close of day (my TZ 17:00 EST) to be 0:00
eur, cable and the jap

Yeah I also use FXDD
but which time you start and end your session, meaning which are ebtter trading times? or there is no limit?
  • #338
  • Aug 24, 2008 10:22am Aug 24, 2008 10:22am
Quoting 4xq
I turned off SL because my inspiration told me that the trend should continue, (I see the future , I am also a minister with a prophetic gift) and HE was right.
That sounds very dangerous. There will be the day when you won't be right. And it's gonna hurt.
  • #339
  • Aug 24, 2008 10:48am Aug 24, 2008 10:48am
Quoting Currywurst
That sounds very dangerous. There will be the day when you won't be right. And it's gonna hurt.
exactly what I'm saying

and also its best to be subjective, you did not have a 100% win rate friday, you need to count those Break Even trades... do not start lying to yourself.

Thats basicly like holding onto the trade in hopes it'll reverse, the first thing you learn not to do.

You should atleast place a stop slighting above the previous high, because one day with a spike caused by the BIGGER MOVERS THAN YOU will cause a day or more of profits to go out the window.

Its a great developing sys/method don't get me wrong but it looks like you are starting to walking into a pitfall.
  • #340
  • Aug 25, 2008 12:17am Aug 25, 2008 12:17am
Its called a daily chart, you really don't need a stop loss when you can analyze the daily chart and conclude that there is downward trend if your selling or a upward trend if your buying.
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