looks like the pdf file of first post have some problems to open it
I can't download it completely
I can't download it completely
Intresting finding or simply statistic: 5min candel 14 replies
5min Bollinger breakout system 42 replies
My journal on The Force 5min system 5 replies
Sorry...
revrobwimb
DislikedMini Account Traders,
This issue is now clear to me. I know why some systems are closing trades at +1 pips.
I assumed that 1.00 lots in MT4 always represented 100,000 currency units, or one standard lot. Today I have learned that this is not the case.
Some systems offer 'mini' accounts where 1.00 lots represents 10,000 currency units (not 100,000). To make this work they must change the currency symbol they use. IBFX uses EURUSDm, Forex.com uses EURUSDFXF. How many different symbols are out there for EURUSD? I have...Ignored
DislikedRobdee,
After London Close signal was given at 17:10 candle (red one) and after about 3-4 candles the next one after 17:10 candle colored in red also. If I reload the indicator or restart MT4, it will disapear. Not a problem for me, but maybe you should know about the bug.Ignored
DislikedAnd second question: can you specify the rules when bars are colored in red or blue with AudioAlert indicator, because I'm a little cofused here and don't get why 18:45 candle shouldn't be blue one (MACD - green, stoch - up), please can you specify the rules.Ignored
DislikedUpdateStops EURUSDm,M5: EURUSDm Digits=4 PipDigits=4 PipDecimal=0.0001 PipValue=$1.00Ignored
Disliked...I'm a little cofused here and don't get why 18:45 candle shouldn't be blue one (MACD - green, stoch - up), please can you specify the rules.Ignored
DislikedI quote Jedi (Post 1):
Sell: When the stochastic crosses down from the 80 line and is not oversold
Buy: When the stochastic crosses up from the 20 line and is not overbought
So for any signal (also robdees audioalert) the stoch has to be within the 20 and 80 region.Ignored
DislikedI agree 18:45 gmt is a great looking candle.
AudioAlerts follows Jedi's stated rules as closely as is 'inhumanly' possible.
18:45 does not qualify because stochastics on candle close are above 80. This is overbought and is specifically excluded in Jedi's posted rules.
The other side of this is the requirement to reset stochastics (both lines) into OS/OB region before a basic signal can be triggered. This restriction does not apply to advanced signals.
More information about rules used in AudioAlerts is in the original post...Ignored
DislikedAfter London Close signal was given at 17:10 candle (red one) and after about 3-4 candles the next one after 17:10 candle colored in red also. If I reload the indicator or restart MT4, it will disapear. Not a problem for me, but maybe you should know about the bug.Ignored
DislikedAs most experienced traders know it is not always about the trades you take that matters, but sometimes the trades you don't take. Given FXJedi's criteria and the alert you have coded shows more signals than you act on, if you could also demonstrate why you ignored some of the signals this would also be highly informative.Ignored
DislikedAnother big day trading Force5. Doubles on Fibos ruled the day.
Attachment
G-Man having a very hard time trying to think in terms of 'trades not to take'.
The one loser (-15) was when I didn't wait for a double to form. Another almost loser was for the same reason. RDIgnored
DislikedHi robdee,
I have to say that your trading charts and analysis showing your trades are very close to being some of the best short term analysis I have seen on any trading forum, and an excellent education to new traders.
Although your contribution to this thread is already immense I have a small suggestion about your trading comments that may be of additional use.
As most experienced traders know it is not always about the trades you take that matters, but sometimes the trades you don't take. Given FXJedi's criteria and the alert you have...Ignored
Disliked...G-man's question was an excellent one (regarding trades not to take) ... because some make pips, and then lose them on bad trades.Ignored
QuoteDislikedI've marked your most recent chart and am interested in knowing what your thoughts were as you passed trading on a couple signal candles but then chose the following signal candles. In both instances where you skipped the first signal candle, there would have been significant drawdown.
You are correct, a H&S pattern had formed on the 127 fibo. That doji followed by a sell signal was quite good looking too. The problem with all the sells in that area is the existing LTL providing support close by. I needed to see the right-shoulder turn into something more solid than a doji before attempting a break of that LTL. When that double top (shoulder) formed I was willing to take a risk and as you know price went right through the TL (instead of bouncing).
This is more straight forward. I was expecting a bounce in this area. No TLs to mess it up. So always good to see the support confirmed with a double before entering. That is why I ignored the first buy signal, the double had not yet formed.
As you can see after banking +40 I was feeling confident and took the very next buy signal (before a double formed) and promptly lost 15 pips. So I know it is very easy to get it right then get it wrong soon after. RDDislikedMini Account Traders,
To solve this I have added a new user setting to UpdateStops.
BrokerEuroSymbol=EURUSD
For example:
BrokerEuroSymbol=EURUSDm (IBFX live mini account)
BrokerEuroSymbol=EURUSDFXF (Forex.com-Demo account)
This version of UpdateStops EA is V20090312Ignored
DislikedJust wondering if we can use this EA to manage any other pairs besides E/U?Ignored