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mechanical 1min

  • #141
  • Feb 19, 2009 6:05am Feb 19, 2009 6:05am
Template Mechanical 1M
Attached File(s)
File Type: tpl mech1m.tpl   43 KB | 1,732 downloads
  • #142
  • Feb 19, 2009 6:24am Feb 19, 2009 6:24am
You need also this stoch indicator for the Mech1M template:
Stochastic_Cross_Alert_SigOverlayM_cw


Attached File(s)
File Type: mq4 Stochastic_Cross_Alert_SigOverlayM_cw.mq4   6 KB | 1,804 downloads
  • #143
  • Feb 19, 2009 6:40am Feb 19, 2009 6:40am
Quoting blanca
e- trader why do you use for rsi signal 8? and in which cases do you exit at the middle line and which ones at the opposite line of the bollinger band?

which is the correct setting for rsi signal in 1min tf?

There is a difference between
retracements in a trend continuation and a trend reversal.
Trend reversal occurs at the highest point.

Short trade:
In the case of a reversal from the highest point: price will go through the midBB and ema55 to the lowerBB.
Long trade:
In the case of a reversal from the lowest point: price will go through the midBB and ema55 to the upperBB.

Take your profit always at the midBB (lower risk).

eTrader
  • #144
  • Feb 19, 2009 6:55am Feb 19, 2009 6:55am
Quoting chamane
... and also your rules. Supersignal - rsi signal - istoch - psar in that order?

Thanks
The sequence to follow:
1. SuperSignals v3d
2. RSI-signal
3. Stochastic signal
4. Psar

Remark;
Parabolic SAR must be close to the price for an entry.
If SuperSignal v3d, RSI and Stoch are indicating for example a sell entry and the parabolic SAR is still far away from the price, then don't take the trade because it's a retracement and not a trend reversal.
  • #145
  • Feb 19, 2009 7:02am Feb 19, 2009 7:02am
Short Trade USDCHF 1M Date 19/02/2009

No RSI-signal but the profit was good for +38 pips

eTrader
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf1mMech19022009.jpg Size: 322 KB
  • #146
  • Feb 19, 2009 7:42am Feb 19, 2009 7:42am
excellent template , clear and easy to read,very very good and thanks a lot, i really like it, just a small question, supersignals v3 repaint?
btw did u see the euro long we just had for +30 pips, amazing.
  • #147
  • Feb 19, 2009 8:09am Feb 19, 2009 8:09am
Quoting eTrader
The sequence to follow:
1. SuperSignals v3d
2. RSI-signal
3. Stochastic signal
4. Psar

Remark;
Parabolic SAR must be close to the price for an entry.
If SuperSignal v3d, RSI and Stoch are indicating for example a sell entry and the parabolic SAR is still far away from the price, then don't take the trade because it's a retracement and not a trend reversal.
Thanks a lot for sharing. I also think we get better chances (lower risk) when taking trades long above 200 ema and short under 200 ema.

Cheers.

Chamane
  • #148
  • Feb 20, 2009 2:45am Feb 20, 2009 2:45am
I'm finding that alot of times by the time i get a signal by supersignal and istoch rsi had already reached or very close to 50, maybe within 2 to 6 pips. so just to clarify, under the 5 m timeframe once i get the istoch signal i look at my rsi 5 window and make sure i'm getting out of the 80 level for short or 20 level for long and head to 50 level for exit, but the RSI setting is at 5 periods for a 5 min chart, am I right? Cause thats what im doing and like i said it seems the momentum causes the price to reach the 50 rsi level very quick , often within a 5 pips, so please someone clarify that for me?
And am I supposed to look for something else on the 1 min as well? With different rsi settings?
  • #149
  • Feb 20, 2009 8:47am Feb 20, 2009 8:47am
Quoting blanca
excellent template , clear and easy to read,very very good and thanks a lot, i really like it, just a small question, supersignals v3 repaint?
btw did u see the euro long we just had for +30 pips, amazing.
The purpose of the Super Signal v3d is to find and indicate the high (low) in an uptrend (downtrend), so the indicator change (repaint).

This is not so important, because the indicator is followed by the RSI and the Stoch.

eTrader
  • #150
  • Feb 21, 2009 4:18pm Feb 21, 2009 4:18pm
Hi eTrader,
Thanks for sharing indicators & templates once again.

Can you please post the exact rules(I am not sure it is existing anywhere,I read the threads but could not find/make it) that you are following for
1) Entry & Exit.
2) Profit & Stop Loss setting at the entry point,
2) If the trade is in positive ,then Profit taking point(other than the Profit taking point set at entry)
3) If the trade is in positive then if any Trailing StopLoss setting.

Your system looks promising .
Advance Thankss,
Raul.
  • #151
  • Edited Feb 25, 2009 10:12am Feb 24, 2009 3:35pm | Edited Feb 25, 2009 10:12am
e trader any more signals so far? would appreciatte any feedback thanks or anyone still testing it?

Paulus, what happened to you?
  • #152
  • Feb 27, 2009 3:14am Feb 27, 2009 3:14am
Paulus, e-trader? have you already quit?, do you still trade it ?

any feedback so far, anyone?
  • #153
  • Mar 30, 2009 10:18am Mar 30, 2009 10:18am
thanks!
  • #154
  • Oct 22, 2009 9:59am Oct 22, 2009 9:59am
Hi this was a very interesting topic, are anyone still using this system?
Thanks
Indicators always obey Price, not the other way.
  • #155
  • Oct 27, 2009 5:18pm Oct 27, 2009 5:18pm
great system!!!
  • #156
  • Oct 27, 2009 5:45pm Oct 27, 2009 5:45pm
Quoting neurus
great system!!!


Hi neurus,

How long have you been trading this system and what have your results been like?
  • #157
  • Nov 2, 2009 8:30am Nov 2, 2009 8:30am
hi is anybody still using this system
  • #158
  • Nov 15, 2009 2:57am Nov 15, 2009 2:57am
Quoting Noel
Hi neurus,

How long have you been trading this system and what have your results been like?

Still using this system? Have been profitable for how long? Any suggestions, please?

Looking forward to live trading in the next week.

Thanks.
福 子 Victor V
  • #159
  • Edited 3:50am Jan 30, 2010 12:18am | Edited 3:50am
I use only UberfractalV02 indicator.

Setting barsLeftOfCurrent=0, barsRightOfCurrent=12

M1 timeframe. Study some previous pattern of red arrow(down) & blue arrow(up).

Enter long at 2nd or 3rd blue arrow(up) (must be higher lows from the first arrow).
Enter short at 2nd or 3rd red arrow(down) (must be lower highs from the first arrow)

Exit at reversal arrow when 2nd arrows shows up. Usually scalping 5-10pips is good enough.

This M1 pattern will change trend many times in a short time, sometimes it gives a swing too.. always quick to get in-get out.. never mind for some small loss.

When the first arrow appears, maybe it will repaint for some time, allow 2nd arrow to show up then it will not repaint. Always refresh the time frame by switching between M1 & M5 etc. Using command refresh from right click menu will not refresh the chart at all.

I am trying this and making some small pips.. but frequent..
Attached Image (click to enlarge)
Click to Enlarge Name: uberfractal-chart_03.jpg Size: 105 KB
Attached File(s)
File Type: mq4 UberfractalV02.mq4   2 KB | 1,183 downloads
  • #160
  • Jan 30, 2010 6:34am Jan 30, 2010 6:34am
Thanks mate puts a different perspective on things.. that is normally the way I trade m1 indicator free, plus trend lines and SR... it is quite stressful lol
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