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Powerful 1 Min Scalping System (Fx Prime)

  • #601
  • Edited 3:36am Oct 17, 2008 3:03am | Edited 3:36am
another short 1.3451 just after broke daily pivot, already breaking fibo level 50 so lets see if it reaches next.

exit |.3441
  • #602
  • Oct 17, 2008 3:48am Oct 17, 2008 3:48am
Quoting coral
I don't have a clue about EAs, as mentioned. If you have more than one EA going, give them each a different Magic Number. Also, load the normal MT4 RSI 8 into your chart. RR has made this work on the standard indicators only, and not on the custom stuff. I also noted that my EA didn't work on a couple of first attempts. So, I just deleted the chart and started over, applied my settings and then it worked. Once it worked, I saved it as my FX Prime template and that was it. It's working on three charts, but took a bit longer to get going on the third (EUR/GBP), which has taken two quick losers now. Sorry, that's about all I can advise at this point. Good luck.
Coral, what i see on your charts you have both T3 RSI (as attached from CD) plus the MT4 RSI 8 loaded. Why this? I am a bit confused. Wich one is used for this EA?
I do not use the MT4 RSI

I have the T3 RSI set to teh following as adviced by CD
RSI_period = 8
T3_period = 8
T3_periode = 0.168


thanks a gain
  • #603
  • Oct 17, 2008 3:55am Oct 17, 2008 3:55am
Hmm ... i have the following numbers (1.4475) showing up on ALL charts even if it is not related to any price etc.
Where is this coming from?
Attached Image (click to enlarge)
Click to Enlarge Name: numbers---what the heck is this.jpg Size: 224 KB
  • #604
  • Oct 17, 2008 3:58am Oct 17, 2008 3:58am
Quoting freemenn
Hmm ... i have the following numbers (1.4475) showing up on ALL charts even if it is not related to any price etc.
Where is this coming from?
Its a magnified price translated to text when the template was saved. Double click and delete, then save the template again. You can then add your own magnified price.
  • #605
  • Oct 17, 2008 5:14am Oct 17, 2008 5:14am
Did it take a trade for you guys on the red line?
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.jpg Size: 132 KB
  • #606
  • Oct 17, 2008 5:21am Oct 17, 2008 5:21am
Will it was cool gaining a lot of pips last night

but after a while i mean 4 hours later it start lossing a lot of pips


the issue ( problem ) on this EA is in TP AND SL

Regards
  • #607
  • Oct 17, 2008 6:10am Oct 17, 2008 6:10am
Hi,

yes, i also went short from there. Good system Canadian Dud, god bless you!

Bye

Eugen

Quoting artov
Did it take a trade for you guys on the red line?
  • #608
  • Oct 17, 2008 6:19am Oct 17, 2008 6:19am
Quoting mikep
Hi CD - I'm not all that good at programming but I modified an old indicator to suit your rules with one exception - not only will it monitor when the 34CCI crosses in the direction of the 170CCI, but it will also give me an alert when the 170CCI crosses in line with the 34CCI. And in both cases the RSI has to be on the correct side. I added the second just to give a preliminary warning of a major trend change.

However, it won't place arrows on the chart but it will give an audio alert when all the conditions line up. Since it is a seperate window I just squish it up so I can't see what it draws - to me that's irrelevant since I have the other indicators up there anyway.

In any case I'll attach my template just so you see what I mean.

As a side note, when the alert goes off, I'll check the chart and sometimes I'll wait for a second candle in the direction of the trend which helps against immediate whipsaws (after checking for S/R, fibs, etc.)

- and by the way, it's normal for the alert to go off once you apply it to the chart or have it on the chart and restart metatrader. It's not a \"valid\" signal, just think of it as the indicator is warming up to monitor the charts.
GREAT WORK thats all we needed!
  • #609
  • Oct 17, 2008 7:09am Oct 17, 2008 7:09am
yes art, very nice short i took it too +30, right now short too 1.3402
  • #610
  • Oct 17, 2008 7:13am Oct 17, 2008 7:13am
bad tade that looked great
Attached Image (click to enlarge)
Click to Enlarge Name: holo.gif Size: 20 KB
  • #611
  • Oct 17, 2008 7:16am Oct 17, 2008 7:16am
its for 10 pips only exit exactly at fibo 1.3390
  • #612
  • Oct 17, 2008 7:25am Oct 17, 2008 7:25am
Quoting HUnter123
bad tade that looked great
I was waiting for it to cross that fib. Took the next short signal - the one blanca posted.
  • #613
  • Oct 17, 2008 7:25am Oct 17, 2008 7:25am
Quoting HUnter123
bad tade that looked great

AGAIN FIBS ARE VERY IMPORTANT HERE


If your taking a trade and your rubbing close to a fib I would recommend you take your profit once it hits the bif or set your s/r right under it as its probably going to bounce.

FIBS ARE VERY IMPORTANT GUYS we are back to basics here no ea or just mechanical trading this works best if you use the fibs and pivot points
  • #614
  • Oct 17, 2008 7:25am Oct 17, 2008 7:25am
Quoting jrl
I was waiting for it to cross that fib. Took the next short signal - the one blanca posted.
Thats what I am talking about...


Sometimes you just have to wait... or take your profit at the fib...
  • #615
  • Oct 17, 2008 7:29am Oct 17, 2008 7:29am
Quoting Canadian_Dud
AGAIN FIBS ARE VERY IMPORTANT HERE


If your taking a trade and your rubbing close to a fib I would recommend you take your profit once it hits the bif or set your s/r right under it as its probably going to bounce.

FIBS ARE VERY IMPORTANT GUYS we are back to basics here no ea or just mechanical trading this works best if you use the fibs and pivot points

you are the master man but there is almost a fib or pivot or other s/r for every trade. this way we will limit our profits very much if we exit with each line. the best trade of the morning was a short just above the pivot that was great.
  • #616
  • Oct 17, 2008 7:36am Oct 17, 2008 7:36am
Quoting HUnter123
you are the master man but there is almost a fib or pivot or other s/r for every trade. this way we will limit our profits very much if we exit with each line. the best trade of the morning was a short just above the pivot that was great.

I just want you to be aware of the fib and make a mental note knowing that it might bounce and reverse... and if you see there was a lot of s/r on that fib take your profit...
  • #617
  • Oct 17, 2008 7:52am Oct 17, 2008 7:52am
long 1.3420 after fibo broke
  • #618
  • Oct 17, 2008 7:53am Oct 17, 2008 7:53am
Quoting Canadian_Dud
I just want you to be aware of the fib and make a mental note knowing that it might bounce and reverse... and if you see there was a lot of s/r on that fib take your profit...
no, im just saying there all always lines of s/r and if we take profits there we will never have the big winners of 60-70 pips
  • #619
  • Oct 17, 2008 8:00am Oct 17, 2008 8:00am
it depends, sometimes market breaks levels easy so then we run, sometimes takes time so maybe we can wait a little, sometimes it reverses quickly then we have to act too.

for example this one long, first target already hit its flirting around level so we give it a break or we can take profit as i did but sometimes we can sometimes we cannot.
  • #620
  • Oct 17, 2008 8:18am Oct 17, 2008 8:18am
Seems to me the slope of the CCI's helps determine if price is more likely to cross S/R when it tests it. Sometimes it bounces but cci 170 doesn't go up with a wide angled slope and turns back into trend; that's a good sign that price may continue...

Trading is hard....lol

Steve
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