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Pair Divergence Method

  • #161
  • Apr 13, 2009 4:50pm Apr 13, 2009 4:50pm
Quoting Mr.Sabah
Hi Bill, which indicator you use for this one?
This one from luxinterior.
Attached File(s)
File Type: mq4 OverLayChartLINE.mq4   12 KB | 1,371 downloads
  • #162
  • Edited 5:50pm Apr 13, 2009 4:50pm | Edited 5:50pm
Quoting billbss
Here's a trade on EUR/JPY - GBP/JPY.

Short the E/J @ 133.75
SL & TP = 32 PIPS

Entry at 20:45 GMT
Still active
This trade got stopped out.

OOOPS- I goofed.
This trade made 1 pip. (deducting a 4 pip spread.)
There was a counter long on EUR/JPY at 23:00 @ 133.70.
  • #163
  • Apr 13, 2009 5:54pm Apr 13, 2009 5:54pm
Long on EUR/JPY at 23:00 GMT.
In at 133.74 out at 134.02.....+28 pips
Attached Image (click to enlarge)
Click to Enlarge Name: egdiv3.gif Size: 35 KB
  • #164
  • Apr 13, 2009 9:22pm Apr 13, 2009 9:22pm
Hello Billbss, very interesting thread just finished reading twice, thanks for sharing.

do have a question, my IBFX demo chart looks like Poocher's in post 148 and you responded to Poocher, saying:

Quoting billbss
Be sure the EUR/USD line is a Simple MA- 1 period- typical price.
in the OverlayChartLine indicator I do not see any Inputs that refer to Moving Averages.

is there some further step one needs to take with the OverlayChartLine indicator? if so, please....how exactly is one to "be sure" ...is there something in the MT4 platform to change?

I thought when I switched my chart from the default bar chart to a line chart the lines were representing price...?

Thanks in advance
  • #165
  • Apr 13, 2009 9:56pm Apr 13, 2009 9:56pm
Thanks for share, billbss. Thats amazing.
In attachments backtest on GY H4 vs EY H4 from 1st Jan to last friday.
Next post will be results fr EY H4 vs GY H4 on same period.
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester.gif Size: 5 KB
Attached File(s)
File Type: zip StrategyTester.zip   3 KB | 582 downloads
  • #166
  • Apr 13, 2009 10:38pm Apr 13, 2009 10:38pm
Works on both pairs in the same time.
Here is EY 4H. GY much better.
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester.gif Size: 5 KB
Attached File(s)
File Type: zip StrategyTester.zip   3 KB | 510 downloads
  • #167
  • Apr 13, 2009 11:08pm Apr 13, 2009 11:08pm
Quoting MyxoMop
Works on both pairs in the same time.
Here is EY 4H. GY much better.
could you test it on 15M ????
i think results better on usd/chf and eur/usd if you back testing them too
  • #168
  • Apr 13, 2009 11:57pm Apr 13, 2009 11:57pm
Quoting $aly
could you test it on 15M ????
i think results better on usd/chf and eur/usd if you back testing them too
Ok. I'll do it on EU vs UC on 15M.
  • #169
  • Apr 14, 2009 12:07am Apr 14, 2009 12:07am
Quoting MyxoMop
Ok. I'll do it on EU vs UC on 15M.
  • #170
  • Apr 14, 2009 12:30am Apr 14, 2009 12:30am
Quoting LongPath
Hello Billbss, very interesting thread just finished reading twice, thanks for sharing.

do have a question, my IBFX demo chart looks like Poocher's in post 148 and you responded to Poocher, saying:



in the OverlayChartLine indicator I do not see any Inputs that refer to Moving Averages.

is there some further step one needs to take with the OverlayChartLine indicator? if so, please....how exactly is one to "be sure" ...is there something in the MT4 platform to change?

I thought when I switched my chart from the default bar chart to a line...
If you haven't placed a MA on your chart then the green line is a line graph of the Close.

Place a Simple MA- 1 period, Typical Price on the chart.
It will look almost like the green line does now, with very small differences.

Then -right click the chart- Properties- Colors.
Change the "Line Graph" color to "None".

That will leave the MA.
  • #171
  • Apr 14, 2009 12:32am Apr 14, 2009 12:32am
Quoting MyxoMop
Works on both pairs in the same time.
Here is EY 4H. GY much better.
Those look great!
Thanks for testing them.
  • #172
  • Apr 14, 2009 12:54am Apr 14, 2009 12:54am
Quoting MyxoMop
Works on both pairs in the same time.
Here is EY 4H. GY much better.
Test in "every tick mode" please
  • #173
  • Apr 14, 2009 1:39am Apr 14, 2009 1:39am
AUDUSD NZDUSD
Attached Image
  • #174
  • Apr 14, 2009 4:13am Apr 14, 2009 4:13am
Hi Bill,

Great thread, thanks a lot for sharing your ideas.

Quick ? - have you tried trading the other pair of the two, i.e. the one which DOES make HH or LL, as it seems it is that pair which is overbought/oversold?
One Chart is Worth Ten Thousand Words.
  • #175
  • Apr 14, 2009 4:14am Apr 14, 2009 4:14am
Quoting smjones
AUDUSD NZDUSD
SM, what are those crosses on your chart?
One Chart is Worth Ten Thousand Words.
  • #176
  • Apr 14, 2009 4:15am Apr 14, 2009 4:15am
Quoting Forex007
SM, what are those crosses on your chart?

Just a quick indi I wrote to make a cross at the close price of the chart currency
  • #177
  • Apr 14, 2009 4:22am Apr 14, 2009 4:22am
Results were successful. reached the profit target of 2 x atr . Stop loss not hit.
  • #178
  • Apr 14, 2009 4:34am Apr 14, 2009 4:34am
Quoting smjones
Just a quick indi I wrote to make a cross at the close price of the chart currency
Sounds useful, Scott, would you mind posting it here please?
One Chart is Worth Ten Thousand Words.
  • #179
  • Apr 14, 2009 4:55am Apr 14, 2009 4:55am
Sure, but all it does is put the close price on the chart.
Attached File(s)
File Type: mq4 ClosePrice.mq4   2 KB | 645 downloads
  • #180
  • Apr 14, 2009 6:02am Apr 14, 2009 6:02am
Quoting smjones
Sure, but all it does is put the close price on the chart.
Thanks a lot, Scott!
One Chart is Worth Ten Thousand Words.
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