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Attachments: Free from Prediction and Forcast Method (3LB)
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Free from Prediction and Forcast Method (3LB)

  • #121
  • Mar 14, 2007 3:55am Mar 14, 2007 3:55am
Quoting Lou G
FUN - I found the attached indicator on the web. Could you look at it and see if it is correct? I think many of us would prefer an indicator to doing things manually.

An interesting method - I've put Nison's book on hold at the library and am anxious to learn more.
Lou

Compare the indicator with the one in post#8, if it is the same he said it is no good, why I do not know.

I hope this one would be workable.
Regards
  • #122
  • Mar 14, 2007 4:41am Mar 14, 2007 4:41am
Quoting amenlo9
anyone can teach how to set M13 tf?

Contact CEO and ask him how it is done. He has better knowledge
Attached File(s)
File Type: mq4 TF_period_converter All.mq4   7 KB | 634 downloads
File Type: mq4 TF_Period_Converter_Opt.mq4   15 KB | 599 downloads
  • #123
  • Mar 14, 2007 7:57am Mar 14, 2007 7:57am
Quoting howard
Lou

Compare the indicator with the one in post#8, if it is the same he said it is no good, why I do not know.

I hope this one would be workable.
This one is completely different and appears to follow the rules of the method as they have been stated here - I'll know more after I've read the book. The earlier posted indicator(s) seem to simply look at the last three bars whether they are "valid" or not so I can see why FT says they are incorrect.

My take on this indicator? Well, I have it on a m15 cable chart and it does not find a lot of trades. This is probably okay since cable has been so rangy lately and 3lb is a trend following approach.

Back when I was involved in equity trading I used point/figure charts for a time. This approach is sort of like that and may turn out to be useful IMHO.
Old Benjamin was right
  • #124
  • Mar 14, 2007 8:10am Mar 14, 2007 8:10am
Quoting Lou G
This one is completely different and appears to follow the rules of the method as they have been stated here - I'll know more after I've read the book. The earlier posted indicator(s) seem to simply look at the last three bars whether they are "valid" or not so I can see why FT says they are incorrect.

My take on this indicator? Well, I have it on a m15 cable chart and it does not find a lot of trades. This is probably okay since cable has been so rangy lately and 3lb is a trend following approach.

Back when I was involved in equity trading I used point/figure charts for a time. This approach is sort of like that and may turn out to be useful IMHO.
That is correct, it is close to P&F, Kagi and Renko.

Hopefully the author will like it
Regards
  • #125
  • Mar 16, 2007 3:32am Mar 16, 2007 3:32am
Fun Trader,

Could you post some of your trades?

Thanks
  • #126
  • Mar 18, 2007 11:15pm Mar 18, 2007 11:15pm
Quoting Scientist
Fun Trader,

Could you post some of your trades?

Thanks
Here you can find my live trades.
Positive Thinking
  • #127
  • Mar 19, 2007 8:29pm Mar 19, 2007 8:29pm
Since I last posted I've read some of Nison's book and, based on my understanding, have coded an indicator that seems to do the job. Source code posted below. The comment in the upper left corner shows the bar count of the current trend and the reversal levels (which I suppose can be used as entry points for future trades). The number of bars used for the break can be modified. Default is 3.

Anyone wanting alerts or any other mods, help yourself. I'm working on other things right now and just knocked this indicator together out of curiosity. I may work on it further in the future.

Enjoy...
Attached File(s)
File Type: mq4 #3LB_v2.mq4   2 KB | 1,094 downloads
Old Benjamin was right
  • #128
  • Jun 17, 2007 1:36am Jun 17, 2007 1:36am
where is the method? any doc files?
  • #129
  • Jun 19, 2007 9:13am Jun 19, 2007 9:13am
No, as you can see, this method died a slow death, no posting in over 3 months.
  • #130
  • Jul 2, 2007 2:52am Jul 2, 2007 2:52am
Hi everybody
Sorry for my absence for a while
I think what is explained up to now is sufficient for profesional traders.
As I promised before I will try to show a couple of my live trades here in a soon future.
Positive Thinking
  • #131
  • Edited 8:33am Jul 2, 2007 3:04am | Edited 8:33am
Will buy @ 1.3571+spread=1.3573

Attached Image
Positive Thinking
  • #132
  • Jul 2, 2007 3:08am Jul 2, 2007 3:08am
Quoting Fun Trader
Will buy @ 1.3571+spread=1.3573

Attachment
Target: 1.3588 ( 2 pips below weekly pivot line)
Positive Thinking
  • #133
  • Jul 2, 2007 3:17am Jul 2, 2007 3:17am
I myself trade non stop loss (because of my trust to the method and my money management) so I set a buy stop order for above mentioned trade on fiber.

I should leave my trading desk now and will be back in US session to check the result.
As I told you I'm very busy.
Positive Thinking
  • #134
  • Jul 2, 2007 4:09am Jul 2, 2007 4:09am
I usually don't make negative posts but honestly.

"If you learn this method you won't lose anymore."

"I myself trade non stop loss"

and statements like that is just setting inexperienced traders up for a smacked bottom by the markets.

If your curiosity really gets the better of you, please waste your time demo testing it rather than losing real money. Either that or burn the real money, at least that will keep you warm for a while.

No system in the world is going to stop you from getting occasional losses, it's all a fable.

"As I told you I'm very busy."
Let me guess, you are feeding your flying pigs and tucking in your golden egg laying goose? Better clean up your house, I think that Shrek and Donkey are coming round for tea.
  • #135
  • Jul 2, 2007 8:33am Jul 2, 2007 8:33am
Quoting Fun Trader
Will buy @ 1.3571+spread=1.3573

Attachment

Order activated
Target met
+15 pips
Positive Thinking
  • #136
  • Jul 2, 2007 8:42am Jul 2, 2007 8:42am
Quoting Mongoose
No system in the world is going to stop you from getting occasional losses, it's all a fable..
Congratulations
It seems that you are familiar with all systems in the world....and what was that fable about?
Positive Thinking
  • #137
  • Jul 2, 2007 9:04am Jul 2, 2007 9:04am
I think I should explain a little more:

Have you ever asked yourself why in a 50 50 market, more than %90 of traders are losers?

and why most of those losers, lose much more than the spread? I mean to say if you enter & exit using just a coin the result would be much better than this.

It seems there is something here that conqures statistics rules.
Positive Thinking
  • #138
  • Jul 2, 2007 9:51am Jul 2, 2007 9:51am
Quoting Fun Trader
I think I should explain a little more:

Have you ever asked yourself why in a 50 50 market, more than %90 of traders are losers?

and why most of those losers, lose much more than the spread? I mean to say if you enter & exit using just a coin the result would be much better than this.

It seems there is something here that conqures statistics rules.
Positive thinking is the key. This is when you can say "I am a consistently winner".
This is when your success story is not a fable.
Positive Thinking
  • #139
  • Jul 2, 2007 4:00pm Jul 2, 2007 4:00pm
I have a GFT platform.
Is this what it should look like for eur/usd?
Attached Image (click to enlarge)
Click to Enlarge Name: GFT 3 line break.jpg Size: 51 KB
  • #140
  • Jul 2, 2007 11:21pm Jul 2, 2007 11:21pm
Quoting moneypip
I have a GFT platform.
Is this what it should look like for eur/usd?

yes, it is.
Positive Thinking
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