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5Min Intraday System

  • #581
  • Mar 18, 2007 4:46pm Mar 18, 2007 4:46pm
Quoting fxjourney
OK, there are 3 files you require to run a chart:

1. 5min intraday method.tpl - this is the template file
2. PhilNelSignals.ex4 - the indicator that paints entry signals on the chart
3. SMAAngle.ex4 - the indicator that works in conjunction with 2.

First and foremost - special thanks to Dariuske for the development of the indicators.

File 1. must be copied into the 'template' folder of MT4
File 2. and 3. must be copied into the 'experts/indicators' folder

Once you have done this restart MT4 and open a new eur/usd or cable chart. Then place the cursor on the chart and right click - select 'templates' and then select the 5min intraday method' template. MT4 will do the rest.

Please let me know if you have problems.

Thanks
i ve been trying to do that for weeks ,

i cant thank you enough for the simple but informative explanation,

im up and running ,

i will now study the charts,

thanks again
  • #582
  • Mar 18, 2007 9:59pm Mar 18, 2007 9:59pm
thanx alot philips for the Mp3 explanation on stop loss . I got a better picture now .
  • #583
  • Mar 19, 2007 1:58am Mar 19, 2007 1:58am
Quoting Chandra
Phillip, again this post of yours prompting me to ask you this question. As I cannot stay with the computer 24 hours, I want to trade only at the opening of the Easter, London and Amrican sessions. Now what are the session timings for these?
Thanks.
-Chandra
Hello Chandra,
I suggest you add the Philnet indicator to your charts. It will automatically show you when all of the trades for each pair have given signals, and you will definitely see a pattern re trade times each day. Happy pipping!
Never say never.
  • #584
  • Mar 19, 2007 3:05am Mar 19, 2007 3:05am
Quoting fxjourney

First and foremost - special thanks to Dariuske for the development of the indicators.
You are welcome!

Regards, Dariuske.
  • #585
  • Edited 4:14am Mar 19, 2007 4:12am | Edited 4:14am
Quoting dariuske
You are welcome!

Regards, Dariuske.


Hi Dariuske.

Good to see you're still around.
I sent you a PM could you have a look and let me know what you think?

Many thanks

rorieu
  • #586
  • Mar 19, 2007 4:19am Mar 19, 2007 4:19am
Quoting Grasshopper
Wow! That is great! Although many people may think 75 pips is OK, I think that is GREAT. .....Consistent profitibility, even if it is conservative, is what makes good trading. Remember, scale up slowly and this will keep you from making mistakes that you know you should avoid.

I say THANKS! to Phil, for not only showing us a good system, but also for showing us that it can be done.
Grasshopper

Excellent summary, Grasshopper. Sums it all up perfectly. That is exactly the way I manage trades too.

R
  • #587
  • Mar 19, 2007 6:12am Mar 19, 2007 6:12am
Does anyone have an audio alert and/or email alert for MT4 for the signals, and if so, post them in this thread?
  • #588
  • Mar 19, 2007 6:37am Mar 19, 2007 6:37am
Quoting eagle4x
Does anyone have an audio alert and/or email alert for MT4 for the signals, and if so, post them in this thread?
The files attached in post #574 have an audio alert... I heard it during the London Session today for cable.
  • #589
  • Mar 19, 2007 7:50am Mar 19, 2007 7:50am
Quoting kunz78
If you go on the main page "Trading System" and click on the http://www.forexfactory.com/images/misc/paperclip.gif at right side of the "5 min trading intraday system" you find all the attachment of thi thread.

Then you have to find the PhilExpert.ex4

good luck,

Mat


thanks!
  • #590
  • Mar 19, 2007 10:03am Mar 19, 2007 10:03am
Phillip, have you seen this before? It looks interesting using your 5min rules. Mainly the 20 degree or more slope on the 50 sma.

Jim
Attached File(s)
File Type: pdf The Outsider Method.pdf   45 KB | 2,415 downloads
Indicators show the past. Price Action "Indicates" the future.
  • #591
  • Mar 19, 2007 12:10pm Mar 19, 2007 12:10pm
Did anyone make any trades using this method today?

I was watching cable and fiber and got a few alarms on cable but did not trade any of them.

Market was sideways today with little volatility it seems.
  • #592
  • Mar 19, 2007 12:17pm Mar 19, 2007 12:17pm
Quoting fxjourney
Did anyone make any trades using this method today?

I was watching cable and fiber and got a few alarms on cable but did not trade any of them.

Market was sideways today with little volatility it seems.
Hi,

I took this one on the cable this morning.
12 pips profit.
Attached Image
  • #593
  • Mar 19, 2007 12:29pm Mar 19, 2007 12:29pm
Quoting fxjourney
Did anyone make any trades using this method today?

I was watching cable and fiber and got a few alarms on cable but did not trade any of them.

Market was sideways today with little volatility it seems.

I entered the GbpUsd @ 18:10 at 1.9445 because of several lower highs and angle signal at zero. Took profit at 23pips.
I knew due to the movement that the move could be more than 10 pips so I put myself at breakeven after 10pips gain and let it run

Update:
I see that the deal was actually closed for 20pips.
Attached Image
  • #594
  • Mar 19, 2007 12:43pm Mar 19, 2007 12:43pm
Quoting razldazl
Hello Chandra,
I suggest you add the Philnet indicator to your charts. It will automatically show you when all of the trades for each pair have given signals, and you will definitely see a pattern re trade times each day. Happy pipping!
RAZLDAZL,

which hours have worked for you? Which pairs are you trading?

I will do as you suggested to Chandra. Download the indicator and see where the signals tend to be more frequent, and try to focus at that time.

Gracias amigo.
  • #595
  • Mar 19, 2007 1:26pm Mar 19, 2007 1:26pm
Quoting Phillip Nel
I entered the GbpUsd @ 18:10 at 1.9445 because of several lower highs and angle signal at zero. Took profit at 23pips.
I knew due to the movement that the move could be more than 10 pips so I put myself at breakeven after 10pips gain and let it run

Update:
I see that the deal was actually closed for 20pips.
Phil,

your understanding of the price action is really amazing.
can u suggest me a good book that talk about price action??

Maybe it is just experience, so forget the newbie question...

thanks,

Mat
  • #596
  • Mar 19, 2007 1:34pm Mar 19, 2007 1:34pm
Hi Kunz78 and Phillip

Thanks for the feedback on your trades - well done! Good to see how you trade this method.

Thanks
Shaun
  • #597
  • Mar 19, 2007 2:19pm Mar 19, 2007 2:19pm
Info
Attached Image
Attached File(s)
File Type: zip 5 Min Strategy.zip   801 KB | 2,060 downloads
  • #598
  • Mar 19, 2007 3:06pm Mar 19, 2007 3:06pm
Quoting Phillip Nel
Info

Actually your mp3 is better than a book...

Thanks!! (even if I envy your analisis capacity)
  • #599
  • Mar 19, 2007 7:07pm Mar 19, 2007 7:07pm
Quoting Phillip Nel
I trade from 16:00Gmt(my zone is GMT+2) till about 22:00. The best times are after the Asian close 07:00 till about 12:00 and then from 15:00 till 18:00 and then around 21:00 till 22:00. News time is also important. If the move is not to quick there is nice pull backs into the zone to get in.
Phillip,
1. The time ranges you mentioned above (:00 to 12:00; 15:00 to 18:00 and 21:00 to 22:00) are these prime trading times? Of course, I presume theose are in GMT.
2. Is 7:00 to 12:00 is the European session after the Asian session closed?
It is very confusing. Please clarify.
-Chandra
  • #600
  • Mar 19, 2007 10:05pm Mar 19, 2007 10:05pm
Quoting fxjourney
Hi Chandra

Outlined below is a graphic, from oanda, representing the trading hours of the major markets (GMT +2). I have placed red rings around the times that are most volatile - usually when more than one market is open simultaneously and also at times of major news announcements.

There is one market that is not represented on the graphic - the European market opens 1 hour prior to London and often strong moves are initiated at this time.

I stay away from the market typically after London closes and usually don't trade the late US session.

Thanks.
Thank you very much for thr time-graphic.
It looks like it is a program where you can set youd local time (GMT=2, etc.).
Is that executable available any where?
Thanks again.
-chandra.
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