Tkpower8 ATM | Page 64 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The ATM Machine 9 replies

My ATM Machine 6 replies

Like an ATM! Think again... 4 replies

Reliable broker with micro, cc/atm, trailing stop 0 replies

Attachments: Tkpower8 ATM
Exit Attachments

Tkpower8 ATM

  • #1,261
  • Jan 9, 2009 9:47am Jan 9, 2009 9:47am
Quoting Phreddy
I must learn to read the numbers!

No problem, Phreddy
  • #1,262
  • Jan 9, 2009 10:07am Jan 9, 2009 10:07am
Quoting M_j
Thanks jdcompute,

appreciate your feedback.

Actually my first question I had something different in mind.

'1. as you trade at OANDA - what timeframe do you use for this system?'

I was asking which Time Fram you use to trade: 10 sec, 1 min, 5 min ....

thanks MJ
My bad. I'm only trading the M2 timeframe.
  • #1,263
  • Jan 9, 2009 10:09am Jan 9, 2009 10:09am
Quoting forexweasel
JD sometimes you get a down arrow when a candle is crossing the 21SMA, but the 21SMA has not yet changed color....
I only take a trade when the 21SMA is established in my direction. I haven't changed any of the settings on the TK8 indicator, and yes I got whipsawed twice so I just waited until some clear direction was established.
  • #1,264
  • Jan 9, 2009 10:10am Jan 9, 2009 10:10am
Quoting Phreddy
Didn't think that could happen! I thought that the arrow and the 21 needed to be the same colour for a qualified entry.
Yes you are right the book says first or second arrow after the SMA color change.

Here is a question for everyone....How far away from the SMA can the bar be before you rule it out as a trade. By this I mean the actual entry. I think TK recommends it be within the gap between the 8 and 21 lines, but that can be quite a gap. What would you consider to be the safest entries?
FW

PS. Phreddy, no love for me last night from the ATM/MTF stoch system! I got whipped.
Isolate yourself from the herd
  • #1,265
  • Jan 9, 2009 10:11am Jan 9, 2009 10:11am
Quoting wrenski
Phreddy - That is an 20 hour shift (2AM - 10PM). That is a long shift....JD is the Man!
I get very little sleep during the week heh! I actually have a job that allows me to sit in front of my computer all day so I'm constantly watching charts but I may not be trading live all that time, alot of it is demo trading.
  • #1,266
  • Jan 9, 2009 10:23am Jan 9, 2009 10:23am
Quoting forexweasel
Yes you are right the book says first or second arrow after the SMA color change.

Here is a question for everyone....How far away from the SMA can the bar be before you rule it out as a trade. By this I mean the actual entry. I think TK recommends it be within the gap between the 8 and 21 lines, but that can be quite a gap. What would you consider to be the safest entries?
FW

PS. Phreddy, no love for me last night from the ATM/MTF stoch system! I got whipped.
SMA colour: What I meant is that arrow and sma must agree on colour. The bit about which to take is only to do with the most probable. You cannot get a blue arrow unless a red is overtaken by a blue and the sma is blue.
Isn't that right?
How Far? I didn't understand the inclusion of the 8sma as a distance piece. I could have understood a channal of 10 or 15 pips.
Sorry about the system but I thought that there were plenty of 'proper entries' a couple of hours ago. I'll speak to you tomorrow. Its half past midnight here. Night all!!
  • #1,267
  • Jan 9, 2009 1:39pm Jan 9, 2009 1:39pm
Nobody has some stats yet?


Quoting ayaz
Does anyone keep accurate and detailed statistics while using this system? It would be really great to see people's win/loss %, total pips gained or lost and avg pips per trade.

Nice thread by the way, many ppl really seem to be enjoying success!
Just focus on the pips. The rest is insignificant.
  • #1,268
  • Jan 9, 2009 1:44pm Jan 9, 2009 1:44pm
Quoting Phreddy
SMA colour: What I meant is that arrow and sma must agree on colour. The bit about which to take is only to do with the most probable. You cannot get a blue arrow unless a red is overtaken by a blue and the sma is blue.
Isn't that right?
How Far? I didn't understand the inclusion of the 8sma as a distance piece. I could have understood a channal of 10 or 15 pips.
Sorry about the system but I thought that there were plenty of 'proper entries' a couple of hours ago. I'll speak to you tomorrow. Its half past midnight here. Night all!!
Phreddy, watching the charts live you will notice that there are instances where a large bar turns the color of the MA temporarily and at the same time gives a signal in that new direction. Right after this, still in the same candle price turns back to the original direction and with that turns again the color of the MA. This is how you get arrows at places which do not right.
  • #1,269
  • Jan 9, 2009 1:48pm Jan 9, 2009 1:48pm
I am trying to use the buy and sell scripts. Every time i use them they go back to the default settings of 250 pips SL and 500 TP which for obvious reasons isn't going to work for me. When I try to modify the Script it gives me an Access Denied message. If i save the script as a preset i still have to load the preset every time, which ultimately defeats the purpose of having a hotkey.

Please help!
Just focus on the pips. The rest is insignificant.
  • #1,270
  • Edited 3:24pm Jan 9, 2009 2:40pm | Edited 3:24pm
Quoting ayaz
I am trying to use the buy and sell scripts. Every time i use them they go back to the default settings of 250 pips SL and 500 TP which for obvious reasons isn't going to work for me. When I try to modify the Script it gives me an Access Denied message. If i save the script as a preset i still have to load the preset every time, which ultimately defeats the purpose of having a hotkey.

Please help!
Have you tried changing the code in meta editor, and then re-compiling?
  • #1,271
  • Jan 9, 2009 4:56pm Jan 9, 2009 4:56pm
Ayaz,I like this EA which sets your SL, TP and TSL and also you can set it to trail from BE and to lock in a certain number of pips when you reach a pre-determined profit level. I don't know if you can use it instead of the script or not.
Attached File(s)
File Type: mq4 Mauro_Trailing.mq4   17 KB | 423 downloads
Isolate yourself from the herd
  • #1,272
  • Jan 10, 2009 4:00am Jan 10, 2009 4:00am
OK, looks like everyone is trying to trade the arrows like every one will be a trade. I would like to share with you how I use the arrows.

Pretend that there are no arrows, wait for a trade you like to start setting up (ie. at least a 3-5 bar pullback on a move, to the 21 or at least the 8). Now I open my buy or sell script and wait to see an arrow so I can click OK andenter the trade I have seen and am waiting for all by myself

The arrows are on the experienced template and if you are still entering a significant amount of bad trades then I suggest you go back to the beginners chart setup which has no arrows for the very reason of getting you used to spotting the setups without.

Forexweasel - did you ever figure out skype? and I notice you are using the M15 stoch which is lagging and repaints slightly. May I suggest the original Triple Stoch from ED1, If you lay it on top of your M15 stoch you will see that it acts very similar. Just a suggestion, I am bringing it back for ED3 now, I will now assume anyone comfortable with ED2 and NO indicators will be able to use it as an addition and not reley on it.

This was an amazing week for me, I have had close to my best week ever and I think I owe it to all of you guys making me sit down, put this all into words and actually assign rules, and so, I thank you all.
  • #1,273
  • Jan 10, 2009 4:07am Jan 10, 2009 4:07am
Quoting tkpower8
Pretend that there are no arrows, wait for a trade you like to start setting up (ie. at least a 3-5 bar pullback on a move, to the 21 or at least the 8). Now I open my buy or sell script and wait to see an arrow so I can click OK and enter the trade I have seen and am waiting for all by myself
More words of wisdom, thanks TK

Quoting tkpower8
This was an amazing week for me, I have had close to my best week ever and I think I owe it to all of you guys making me sit down, put this all into words and actually assign rules, and so, I thank you all.
Really pleased about that, you deserve it.
  • #1,274
  • Jan 10, 2009 5:54am Jan 10, 2009 5:54am
TK...the RSI and stoch on ED3 is a real winner.....could add it to just about any system here on FF on many different timeframes....and it would help. Well done.
Cheers
CanuckCT

Quoting tkpower8
OK, looks like everyone is trying to trade the arrows like every one will be a trade. I would like to share with you how I use the arrows.

Pretend that there are no arrows, wait for a trade you like to start setting up (ie. at least a 3-5 bar pullback on a move, to the 21 or at least the 8). Now I open my buy or sell script and wait to see an arrow so I can click OK andenter the trade I have seen and am waiting for all by myself

The arrows are on the experienced template and if you are still entering a significant amount of bad trades then...
  • #1,275
  • Jan 10, 2009 7:20am Jan 10, 2009 7:20am
Quoting CanuckCT
TK...the RSI and stoch on ED3 is a real winner.....could add it to just about any system here on FF on many different timeframes....and it would help. Well done.
Cheers
CanuckCT

Hi CT

I know TK is going to put details on web but could you post a few of your charts pls/
  • #1,276
  • Jan 10, 2009 8:04am Jan 10, 2009 8:04am
Will ED3 be made public in the near future?
  • #1,277
  • Jan 10, 2009 8:49am Jan 10, 2009 8:49am
Quoting wrenski
Will ED3 be made public in the near future?
Go and look!!
  • #1,278
  • Jan 10, 2009 8:50am Jan 10, 2009 8:50am
It's on his forum....

Quoting wrenski
Will ED3 be made public in the near future?
  • #1,279
  • Jan 10, 2009 8:56am Jan 10, 2009 8:56am
Sorry about a basic question but I have looked many places to find out how to get an indicator into metatrader and I can't seem to get the right information. I have downloaded one of the indicators to my desktop but I don't know the steps to import it into the metatrader so I can use it. Can someone direct me to a spot on the net or list the steps for me to import from my desktop to the platform. Thanks
  • #1,280
  • Jan 10, 2009 9:10am Jan 10, 2009 9:10am
Quoting CanuckCT
It's on his forum....

Thank you very much Canuck.
1 trader viewing now