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Traffic Light System 378 replies

With a little help from our Expert Adviser friends ... - Paulus 10 replies

Paulus System's 8 replies

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Paulus - Traffic lights

  • #41
  • Sep 1, 2008 6:03am Sep 1, 2008 6:03am
Quoting forenxe
Hello everybody, thanks Paulus for share with us this strategie, very simple i like so much. But until now I don´t understand how you use the Stoch, is just for safe trades? Could anybody explain it?

Thanks

Also thanks to Ronald for your work making this EA. Could you post the change that we need to modify just for totally automated Ea?

I don´t know how to do it. I made some changes but dosn´t work.

Thanks in advance to everybody.
What are you talking about? This is fully automated...
  • #42
  • Sep 1, 2008 5:07pm Sep 1, 2008 5:07pm
Thanks for this system. I gave it a try today & it seems to work well. Is this system good for EUR/USD or has anybody tried on other pairs.

Thanks again
  • #43
  • Sep 2, 2008 4:23am Sep 2, 2008 4:23am
Please Roland in wich timeframe we should atach the EA 15min or 5 min?

Thanks
  • #44
  • Sep 2, 2008 8:31am Sep 2, 2008 8:31am
Either.

The CCI for the EA is hard coded to the 15 min and the 5 min TFs so it won't matter.
  • #45
  • Sep 3, 2008 4:35pm Sep 3, 2008 4:35pm
Quoting Ronald Raygun
Either.

The CCI for the EA is hard coded to the 15 min and the 5 min TFs so it won't matter.
Is there a way the EA will just trade during the hours Paulus uses?
7.30am to 11am and 2.30pm to 5pm
  • #46
  • Sep 4, 2008 12:10pm Sep 4, 2008 12:10pm
Having good results using this system for three weeks.


In 5 minutes it has high probabilities of success if the stochc 5 and 14 both are coming from over /below 80/20 and in the ADX 5 the red and green lines are in touch or they are crossed yet in the direction of the trade. The 5 stoch not to be in over bough/sold area.

In 15 minutes taking the confirmation with the stochastic 5 if it has crossed his signal line in the direction of the trade and/or the CCI8 is in the same color. Most times the stoch working better like a confirmation if is going to cross or has crossed the signal line.

Only working 3-4 hours per day, from 12:00 to 15:00 GTM.

The stoch’s in 3 3,close/close, simple.
.

Best regards
Sorry for my poor English
  • #47
  • Sep 4, 2008 8:42pm Sep 4, 2008 8:42pm
Paulus,

A. Image. I can't thank you enough for the info. I fallowed the Kelt System and now this one. My question is I got in on the first Image and as u can see it fallows your rules.

B. Image. As you can see from the second image the 5 min cci settings 8,1 is getting ready to passed down through the zero line (In White) but the 15 min cci is still above the zero line.

CONTINUED NEXT POST
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CCI stoch Scalp 1a.jpg Size: 136 KB
Click to Enlarge Name: CCI stoch Scalp 1b.jpg Size: 135 KB
  • #48
  • Sep 4, 2008 8:50pm Sep 4, 2008 8:50pm
C. Image Now as you can see the cci 5 min has now passed down through the zero but the 15 is still up.

D. Image. On this one you can see the 5 min cci has passed back up above the zero line and the 15 min cci is still up.

E. Image. As you can see I got out at BE and it went up to 7 pips profit and then just dropped.

The question is when we enter and then the 5 min cci turns ageist us do we get out even though the 10 pip SL has not been hit or do we ride it out? Also...what if the 5 cci and the 15 cci turn on you but the 10 pip SL has not been hit do you get out or stay in?

Again Thank You for all of your help and kindness

Take Care,
Forex Shark
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CCI stoch Scalp 1c.jpg Size: 141 KB
Click to Enlarge Name: CCI stoch Scalp 1d.jpg Size: 139 KB
Click to Enlarge Name: CCI stoch Scalp 1e.jpg Size: 141 KB
  • #49
  • Edited 7:56am Sep 5, 2008 7:44am | Edited 7:56am
Hello Dibanos,

pics says more than 1000 words.... I think that's true. It will be nice, if you show us your ideas at examples on a chart.

''The 5 stoch not to be in over bough/sold area.''

Please, explain it more exactly!

Thanks..
  • #50
  • Sep 5, 2008 9:54pm Sep 5, 2008 9:54pm
Quoting stevehooks
Hello Dibanos,

pics says more than 1000 words.... I think that's true. It will be nice, if you show us your ideas at examples on a chart.

''The 5 stoch not to be in over bough/sold area.''

Please, explain it more exactly!

Thanks..

The idea is to do the trades using the CCI8 like the principal indicator, and the next filters:

5min
(a) stochs 5 and 14 are coming both from above 80 or
below 20.
and
(b) The stoch 5 not to be in over bought or over sold.
and
(b) ADX lines red and green are in touch or crossed


15m
(c) CCI8 to be in same color like CCI8 in 5 min
And/or
(c) stoch 5 is going in the direction of the trade, and coming from above 80 or below 20.

The CCI8 in 15 min could not be in the same color like the CCI8 in 5 min, but if the direction of this and the direction of the stoch5 in 15 min are in the direction of the trade it has good probabilities of being successful, even better probabilities if only using the CCI8, and it is in same color in 5 min and 15 min, but this CCI8 and the stoch5 are in different direction of the trade.
The great opportunity is that in 3 hours (12-15 GTM= 8-11 EST) usually are several opportunities to do 2 net successful trades (20 pips) per day. Using a stop and take profit of 10 pips.
Hope this explain better the idea. Of course this is the Paulus system with only a few observations.

Best regards
Attached Images
  • #51
  • Sep 5, 2008 10:06pm Sep 5, 2008 10:06pm
More charts

Best regards
Attached Images
  • #52
  • Sep 5, 2008 11:13pm Sep 5, 2008 11:13pm
hi Dibanos,

Correct me if I'm wrong. Basically stoch 14 is representing stoch 5 in 15mins.
If that the case, I would strongly agreed with you when your stoch 5 and 14 ideas. I can only used stoch in my broker graph and normal CCI. No more fancy indicator as in MT4. So I'm practically using stoch as the entry point.

I've been using expat method on 1,5,15TF. Whenever, I saw all the stoch coming down to 80, or climbing up to 20, that's would be the safe entry
guarantee of at lest 10-15pips depending on the volatile. But I only kept 7-8 at most to avoid big reversal. I'm using 10pips including spread if this safe setup occurs. When 1,5 TF, I'll take 3-5 and nothing more.
Banker please return my pipins.
  • #53
  • Sep 6, 2008 7:14am Sep 6, 2008 7:14am
hi guys thanks for all your work I know I have some charts to look at here I will try and give it some time but its diff .. I have marital probs and life is difficult atm but thats life and we will survive because the love is strong it will just take some time

Thanks again for the work on this from all of you I appreciate it I really do

Paulus
  • #54
  • Sep 6, 2008 8:25am Sep 6, 2008 8:25am
Quoting Paulus
hi guys thanks for all your work I know I have some charts to look at here I will try and give it some time but its diff .. I have marital probs and life is difficult atm but thats life and we will survive because the love is strong it will just take some time

Thanks again for the work on this from all of you I appreciate it I really do

Paulus
Hi Paulus,

No worry, time will heal the wound. Just take care. Hope to hear from you again once everything settle.

I'm a fan of your method, including Kelt System.
Banker please return my pipins.
  • #55
  • Sep 6, 2008 9:37am Sep 6, 2008 9:37am
Quoting forex shark
C. Image Now as you can see the cci 5 min has now passed down through the zero but the 15 is still up.

D. Image. On this one you can see the 5 min cci has passed back up above the zero line and the 15 min cci is still up.

E. Image. As you can see I got out at BE and it went up to 7 pips profit and then just dropped.

The question is when we enter and then the 5 min cci turns ageist us do we get out even though the 10 pip SL has not been hit or do we ride it out? Also...what if the 5 cci and the 15 cci turn on you but the 10 pip SL has not been hit do you get out or stay in?

Again Thank You for all of your help and kindness

Take Care,
Forex Shark
Hey Fx Shark, whic indicator is the dots that appear in your charts?
  • #56
  • Sep 6, 2008 11:28am Sep 6, 2008 11:28am
Quoting Babyboy
hi Dibanos,

Correct me if I'm wrong. Basically stoch 14 is representing stoch 5 in 15mins.
If that the case, I would strongly agreed with you when your stoch 5 and 14 ideas. I can only used stoch in my broker graph and normal CCI. No more fancy indicator as in MT4. So I'm practically using stoch as the entry point.

I've been using expat method on 1,5,15TF. Whenever, I saw all the stoch coming down to 80, or climbing up to 20, that's would be the safe entry
guarantee of at lest 10-15pips depending on the volatile. But I only kept 7-8 at most to avoid big reversal. I'm using 10pips including spread if this safe setup occurs. When 1,5 TF, I'll take 3-5 and nothing more.

Yes, you are right, basically the 14stoch in 5min is the same think like the 5stoch in 15 min, but in the real using the 14stoch in 5 min gives a better idea that a trade is coming because it is changing with the 5min candles. If you see the “d” sell signal in the 5 min chart, the value of this 14 stoch in the two before candles is higher, and this is a good probability trade because it is going down; this is not possible to get in the 15 min chart. Also, not always the 5stoch in 15 min is so clear. By now, I think a combination of both stochs is better, but you know with more time and experience of using this strategy this idea could change.

The CCI8 and the normal CCI are the same think, only with the visual advantage of the blue and red bars of the CCI8. I believe if you compare the CCI of your actual broker chart and the metatrader normal CCI, both could be the same or very similar.

Best regards
Dibanos
Attached Images
  • #57
  • Sep 6, 2008 4:58pm Sep 6, 2008 4:58pm
Quoting tunera
Hey Fx Shark, whic indicator is the dots that appear in your charts?
Here's a non-lag dot indicator. But you notice that forex shark is using it instead of colored candles. Other than that - it's just another useless indicator that doesn't tell you anymore then your eyeballs can IMO.

But, if it floats your boat - enjoy!
Attached File(s)
File Type: mq4 nonlagdotMS.mq4   5 KB | 536 downloads
  • #58
  • Sep 6, 2008 7:54pm Sep 6, 2008 7:54pm
Quoting Flamenco143
Here's a non-lag dot indicator. But you notice that forex shark is using it instead of colored candles. Other than that - it's just another useless indicator that doesn't tell you anymore then your eyeballs can IMO.

But, if it floats your boat - enjoy!
Oh i already know that indicator (if i remember well it repaint the past also), but thank you very much
  • #59
  • Sep 6, 2008 9:30pm Sep 6, 2008 9:30pm
Quoting tunera
Hey Fx Shark, whic indicator is the dots that appear in your charts?
Tunera & Flamenco143 Thanks for posting the indi and I hope that helps
  • #60
  • Sep 6, 2008 11:17pm Sep 6, 2008 11:17pm
Quoting tunera
Oh i already know that indicator (if i remember well it repaint the past also), but thank you very much
Hi tunera,

Previously, I use nonlagdot for GJ. I dont recap noticing the repaint of this indicator. It's kinda useful but require other analysis to filter the sideways trading. Coz, when ranging, then this indicator is not as useful as u see.
Banker please return my pipins.
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