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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #144,101
  • Nov 28, 2008 12:34am Nov 28, 2008 12:34am
good morning everyone..
  • #144,102
  • Nov 28, 2008 12:37am Nov 28, 2008 12:37am
Quoting Petefaders
http://i34.tinypic.com/2uyp28i.jpg

Hi all. I've been testing my new SIMPLE scalp method on the 5 min. It also can keep you in longer term sometimes for bigger moves.
Sell conditions are:
1. Price close below gann
2. Price below 50 sma (purple line)
3. QQE below 50
*Of course all opposite for longs.

*Take half off whenever you want, but the key is to KEEP HALF OPEN untill gann has crossed back. You will get enitre 100 pips moves this way (and more). Losses are kept small by exiting if gann crosses back. So far I am profitable.
I know...

This is Great, when do you exit the trade? Off of what signal?
  • #144,103
  • Nov 28, 2008 12:38am Nov 28, 2008 12:38am
Quoting dreed
This is Great, when do you exit the trade? Off of what signal?
thing is how do you determine when to take the half off?
  • #144,104
  • Nov 28, 2008 12:43am Nov 28, 2008 12:43am
Quoting dreed
This is Great, when do you exit the trade? Off of what signal?
Glad you like it. The final exit is when a candle closes below (or above) the gann line, BUT you can take partial profits along the way by whatever exits you trade. I'm using simple supp/resist and channels, along with the other indicators on my posted chart for partial exits.
  • #144,105
  • Edited 9:12pm Nov 28, 2008 12:50am | Edited 9:12pm
Quoting forexlion
are you guys looking for this ??
Hey thanks bud, I think I've found the problem.

The bar close is compared with the iMA function that adds 1 to the shift value and then when the gann value is actually set, the +1 on the shift is not used.

I'm no programmer, so I don't know what's going on for sure.

I found another gann file on metatraders codebase. I think there was a problem with it so I rewrote it and it now *seems* to be right.

Like I said I'm no programming whiz, so I may have missed something here. It does however cross on that daily bar I showed before. See pic below, red line is old, blue line is the new.
Attached Image
Attached File(s)
File Type: mq4 Gann_HiLo.mq4   2 KB | 282 downloads
  • #144,106
  • Nov 28, 2008 12:52am Nov 28, 2008 12:52am
Quoting Petefaders
Glad you like it. The final exit is when a candle closes below (or above) the gann line, BUT you can take partial profits along the way by whatever exits you trade. I'm using simple supp/resist and channels, along with the other indicators on my posted chart for partial exits.
Thanks for this great information, and with the Support & Resistance you mention, I would imagine your exit is at the resistance level, that's your Traget?
  • #144,107
  • Nov 28, 2008 1:02am Nov 28, 2008 1:02am
Quoting dreed
Thanks for this great information, and with the Support & Resistance you mention, I would imagine your exit is at the resistance level, that's your Traget?
Right, resistance or even daily piviot is my partial profit target. For example, right now this system got me long at 146.60.
There is resistance at 147 for about an hour now, so I banked half at 40 pips there, and have still have half set to break even. If price closes below gann I close entire trade...the pro-traders in here already do this practice.

*looks like an upward break..glad i kept half on
  • #144,108
  • Nov 28, 2008 1:04am Nov 28, 2008 1:04am
Quoting NuckingFuts
Hey thanks bud, I think I've found the problem.

The bar close is compared with the iMA function that adds 1 to the shift value and then when the gann value is actually set, the +1 on the shift is not used.

I'm no programmer, so I don't know what's going on for sure.

I found another gann file on metatraders codebase. I think there was a problem with it so I rewrote it and it now *seems* to be right.

Like I said I'm no programming whiz, so I may have missed something here. It does however cross on that daily bar I showed before. See...
That's is your confirmation bar !
  • #144,109
  • Nov 28, 2008 1:14am Nov 28, 2008 1:14am
I'm looking at my charts, and based on the system. my entry would have been at 146.75 vs your entry at 146.60

just curious why such a big difference?
  • #144,110
  • Nov 28, 2008 1:21am Nov 28, 2008 1:21am
Quoting rdtsa09
I'm looking at my charts, and based on the system. my entry would have been at 146.75 vs your entry at 146.60

just curious why such a big difference?
You are correct, I entered early cause I did not wait to cross 50 sma...i break that rule sometimes..less safe.
  • #144,111
  • Nov 28, 2008 1:23am Nov 28, 2008 1:23am
Quoting Petefaders
Right, resistance or even daily piviot is my partial profit target. For example, right now this system got me long at 146.60.
There is resistance at 147 for about an hour now, so I banked half at 40 pips there, and have still have half set to break even. If price closes below gann I close entire trade...the pro-traders in here already do this practice.

*looks like an upward break..glad i kept half on
Cool, I think I understand now... Now I am showing the Candle has gone below the Gann on the 5 min Time Frame... So this would in essences be our Exit?
  • #144,112
  • Nov 28, 2008 1:26am Nov 28, 2008 1:26am
Quoting dreed
Cool, I think I understand now... Now I am showing the Candle has gone below the Gann on the 5 min Time Frame... So this would in essences be our Exit?
Yep.
  • #144,113
  • Nov 28, 2008 1:35am Nov 28, 2008 1:35am
Quoting forexlion
are you guys looking for this ??
Thanks posting them here , already downloaded but QQE seems little troublesome to me . It seems standarized for 1 hr tf having confirmation H4 tf but getting alerts many crossover up & down at the same time in lower tfs . Price should be one & movements also one direction at a time & hence if it is not used for different tfs rather if shows unique movements in any time frame using different different lines-one of each tf & one line should at time will cross then .Hope I make it clear , any modification be aprreciated.

One window will show all tf lines & cross overs .


fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #144,114
  • Nov 28, 2008 1:37am Nov 28, 2008 1:37am
Quoting Petefaders
http://i34.tinypic.com/2uyp28i.jpg

Hi all. I've been testing my new SIMPLE scalp method on the 5 min. It also can keep you in longer term sometimes for bigger moves.
Sell conditions are:
1. Price close below gann
2. Price below 50 sma (purple line)
3. QQE below 50
*Of course all opposite for longs.

*Take half off whenever you want, but the key is to KEEP HALF OPEN untill gann has crossed back. You will get enitre 100 pips moves this way (and more). Losses are kept small by exiting if gann crosses back. So far I am profitable.
I...
LOL - with respect you cant call a screen with 3 indicators on the price graph and 5 indys below it simple....http://www.forexfactory.com/images/icons/icon11.gif

However, I will set it up over the W/E and compare its signals with those that I obtain from the 34ema that I use.....http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #144,115
  • Edited 9:11pm Nov 28, 2008 1:38am | Edited 9:11pm
Quoting Piters
That's is your confirmation bar !
So the problem must be that bar close must also have the shift with +1.

It does not make sense to me to calculate the MA of the previous bar (that's what the shift + 1 implies) and compare it to the close of the shift bar (shift bar meaning the indexed bar we're currently looking at in the iteration).

We would want to compare it to the previous bar's close, right?

You can tell I don't have a programmatic brain.



Here's the updated file with the shift + 1 on the close.
Attached File(s)
File Type: mq4 Gann_HiLo.mq4   2 KB | 263 downloads
  • #144,116
  • Nov 28, 2008 1:43am Nov 28, 2008 1:43am
Quoting Islander
LOL - with respect you cant call a screen with 3 indicators on the price graph and 5 indys below it simple....http://www.forexfactory.com/images/icons/icon11.gif

However, I will set it up over the W/E and compare its signals with those that I obtain from the 34ema that I use.....http://www.forexfactory.com/images/icons/icon12.gif
The system is really just 3 indicators..the rest are are just bells and whistles. Cool that you will test it against you system..let me know.
  • #144,117
  • Nov 28, 2008 1:49am Nov 28, 2008 1:49am
There's a sell entry at 146.75...see how it does.
  • #144,118
  • Nov 28, 2008 2:00am Nov 28, 2008 2:00am
Now that I think sbout it, I guess I'm just doing a simple version of the Auslanco 15min strategy.
  • #144,119
  • Nov 28, 2008 2:01am Nov 28, 2008 2:01am
Quote
There's a sell entry at 146.75...see how it does.

I had a buy signal, but of course i use a different system I been bored all day, just waiting to try and trade something, but i didnt take that trade.

If anything the I think patience is the best thing i've learned so far out of this thread.
  • #144,120
  • Nov 28, 2008 2:06am Nov 28, 2008 2:06am
Quoting Cdawg
I had a buy signal, but of course i use a different system I been bored all day, just waiting to try and trade something, but i didnt take that trade.

If anything the I think patience is the best thing i've learned so far out of this thread.
Same with you, a buy signal also from my system
My edge ===> Patience
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