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FX-50 Great Scalping System

  • #2,121
  • Apr 14, 2009 6:10am Apr 14, 2009 6:10am
Quoting LSs
I have to admit I'm really bad
Hi LSs,
sorry for rudely quoting your post
I saw your question on your chart. here is my answer.
The 3 TF ribbons are coming together from different directions and all traders have to decide what they think price will go to do. Some were long and some others were short. So it can take some time before the decision for the next direction is taken, and it could also go to a sideways market for a while.
On the first point you marked TF1 is going up and price is going down, with a gap between these two.
At your second mark, TF1 is much better situated. Better in relation to price and better in relation to higher TF ribbons. Here it is more likely that price will going to fall.

Overall, in case of a reversal it is better if TF1 is falling out of the bigger TF zones and TickRibbon makes a pullback to TF1 zone.

I noticed this is a chart from februari. You're really doing a huge backtest!
Trading S/R with PA only. No indicators anymore!
  • #2,122
  • Apr 14, 2009 6:23am Apr 14, 2009 6:23am
Quoting LSs
I have to admit I'm really bad in differentiating the colors for TF1,5,15 and 30. (A little color blind i guess?) Hence, I changed the colors
I have to say.....it's nice
(I guess you can see the trade....)
Attached Image (click to enlarge)
Click to Enlarge Name: ff.gif Size: 36 KB
Trading S/R with PA only. No indicators anymore!
  • #2,123
  • Apr 14, 2009 7:09am Apr 14, 2009 7:09am
Quoting John Edwards
Here is a new template.

Hope you like it, John
Hi John,
Did you have a special reason why you didn't add the +/-67 levels on CCI in the latest template v3.12?
Thanks again John for your never ending support and development
Cheers, Jazz
Trading S/R with PA only. No indicators anymore!
  • #2,124
  • Apr 14, 2009 7:22am Apr 14, 2009 7:22am
Quoting Jazz1964
I have been studying the basics on Ribbons again.
I have deleted everything on my charts and attached only one TF Ribbon at a time. I looked very closely to price in relation to this ribbon.
What I found is what I allready experienced in trading this setup........ Every TF Ribbon is very very prompt rendering what traders are deciding according to buying and selling.

I found for instance the TF5 Ribbon giving a better view on TF5 traders then ...SMA200 on a M1 chart, the MA which is used by many traders among myself.
Just happening.....
Attached Image (click to enlarge)
Click to Enlarge Name: ff.gif Size: 37 KB
Trading S/R with PA only. No indicators anymore!
  • #2,125
  • Apr 14, 2009 7:28am Apr 14, 2009 7:28am
No other explanation.... I simply forgot. See if I can still fix it and re-upload again.

John

Quoting Jazz1964
Hi John,
Did you have a special reason why you didn't add the +/-67 levels on CCI in the latest template v3.12?
Thanks again John for your never ending support and development
Cheers, Jazz
  • #2,126
  • Apr 14, 2009 7:30am Apr 14, 2009 7:30am
Can anyone please help me, how can i learn to use this stratetegy in full details and examples?

Thank you so much
  • #2,127
  • Apr 14, 2009 7:32am Apr 14, 2009 7:32am
Quoting John Edwards
No other explanation.... I simply forgot. See if I can still fix it and re-upload again.

John
please paint the CCI levels-67 in white....
Trading S/R with PA only. No indicators anymore!
  • #2,128
  • Apr 14, 2009 7:42am Apr 14, 2009 7:42am
Quoting okranoblues
Can anyone please help me, how can i learn to use this stratetegy in full details and examples?

Thank you so much
Hi okranoblues,
Goto post #2043 for a pdf on the ribbons. This pdf contains everything you need to understand on this strategy.
The indicators and templates are in this thread from page 100 and further.

When John Edwards and FXtrading24 will find time, they will update post #1.

Good luck with reading and learning!
Trading S/R with PA only. No indicators anymore!
  • #2,129
  • Apr 14, 2009 8:03am Apr 14, 2009 8:03am
Quoting Jazz1964
Hi okranoblues,
Goto post #2043 for a pdf on the ribbons. This pdf contains everything you need to understand on this strategy.
The indicators and templates are in this thread from page 100 and further.

When John Edwards and FXtrading24 will find time, they will update post #1.

Good luck with reading and learning!


My friend i can't open the file it says it has problem can yhou update it please and where can i get the indicator or template?

Thank you so much..
  • #2,130
  • Apr 14, 2009 8:05am Apr 14, 2009 8:05am
Jazz,

For this template I have been using your background colour, therefore the levels on the CCI must have a dark colour..... otherwise it's hardly visible.

Here's the revised template with +67 and -67 levels on the CCI,

John




Quoting Jazz1964
please paint the CCI levels-67 in white....
Attached File(s)
File Type: tpl ! actiontrade v3.12- fx50 system 1 min.tpl   21 KB | 619 downloads
  • #2,131
  • Edited 8:20am Apr 14, 2009 8:08am | Edited 8:20am
Quoting okranoblues
My friend i can't open the file it says it has problem can yhou update it please and where can i get the indicator or template?

Thank you so much..
you have to search for the templates and indicators yourself from page 100 and further, sorry.
They haven't been posted together yet. we have to work on that...

here is the pdf again.

EDIT:
well, here it is....I hope...
When I find some time I will upload indicators and templates in one post. have to go now, sorry
Attached File(s)
File Type: pdf John Edwards trading style april 6th.pdf   1.6 MB | 1,101 downloads
Trading S/R with PA only. No indicators anymore!
  • #2,132
  • Apr 14, 2009 9:54am Apr 14, 2009 9:54am
  •  LSs
  • | Joined Jan 2009 | Status: I switched to the smarter side | 84 Posts
Quoting Jazz1964
Hi LSs,
sorry for rudely quoting your post
I saw your question.....
It wasn't rude at all! Thank you Jazz for commenting on the pic. Seriously, there're many great active contributors to this thread. I see the potential in this system especially since JE great idea (starting from post #100)

And I'm already dedicating myself backtesting, forward testing. simulating, repeating this system properly. I even see charts when i'm tying my shoe lace !
  • #2,133
  • Apr 14, 2009 12:00pm Apr 14, 2009 12:00pm
Quoting Jazz1964
Hi Kino,
This example chart looks great Kino!
Good to see you have found time to work on this strategy. You're such a good coder, we owe you so much..... many many thanks!!

I would like to give some remarks.

1) In my opinion R1 is to slow for identifying good scalping trade setups. So my suggestion is to use RTick or Price. I think RTick is the best solution. John, what is your thought?

2) The upper and the lower Ribbon on which distance should be calculated can be R5 or R15, just depending on which Ribbons are neighbours. [color=gray][b]John,...
thanks you very much to all of members of this thread (an other threads too, those that are using my indics , on threads and on forums i had never went ! i'm well known in forex forums it seems !)
i really appreciate all your comments about my coding , i'll come back later (few days), perhaps with new ideas , but now i'm tired of all of this !
each time i make an indy , someone asks me something else to add , some night i'm dreaming of coding lol ; so i want make a break for a few days
bye all

kino
  • #2,134
  • Edited 12:37pm Apr 14, 2009 12:17pm | Edited 12:37pm
Quoting kinonen
thanks you very much to all of members of this thread (an other threads too, those that are using my indics , on threads and on forums i had never went ! i'm well known in forex forums it seems !)
i really appreciate all your comments about my coding , i'll come back later (few days), perhaps with new ideas , but now i'm tired of all of this !
each time i make an indy , someone asks me something else to add , some night i'm dreaming of coding lol ; so i want make a break for a few days
bye all

kino
Hi Kino,
sad to hear this from you. I really can understand what you're saying and I feel a little bit responsible for your wellbeing,
although I have been posting twice that we should deliberate the demands on the indi's. I think the only way somebody should do a complex job like yours:

1. appoint the people who are into the 'project'
2. determine punctual all conditions
3. only after point 2.: start the coding
4. testing
5. adjust

Maybe I should not have interfered on the indicator project, don't know...

Really sorry to hear this from you Kino.
All the best wishes to you, relax and enjoy the good weather!!

Cheers, Jazz
Trading S/R with PA only. No indicators anymore!
  • #2,135
  • Apr 14, 2009 12:28pm Apr 14, 2009 12:28pm
Quoting LSs
I have to admit I'm really bad in .....
Hi LSs,
on my chart it's not eaxactly the same situation as on yours, but I would like to show you the situation on my favorite index.
Attached Image (click to enlarge)
Click to Enlarge Name: ff.gif Size: 48 KB
Trading S/R with PA only. No indicators anymore!
  • #2,136
  • Apr 14, 2009 1:36pm Apr 14, 2009 1:36pm
Quoting Jazz1964
Hi LSs,
on my chart it's not eaxactly the same situation as on yours, but I would like to show you the situation on my favorite index.
Hello Jazz1964, May I ask what broker you are using that has currency futures and MT4? Does your broker also have data for other future contracts? Can you trade the dow and s&p mini's? I find it quite helpful to know what the dow is doing when trading EURUSD because of the correlation. But I currently have to do this with separate brokers and I am running out of screens.

Thank you! Art
  • #2,137
  • Apr 14, 2009 1:45pm Apr 14, 2009 1:45pm
Quoting lotabulstool
Hello Jazz1964, May I ask what broker you are using that has currency futures and MT4? Does your broker also have data for other future contracts? Can you trade the dow and s&p mini's? I find it quite helpful to know what the dow is doing when trading EURUSD because of the correlation. But I currently have to do this with separate brokers and I am running out of screens.

Thank you! Art
Hi Art,
I am on Broco. They have many contracts, like ES, ER2, NQ etc..
Trading S/R with PA only. No indicators anymore!
  • #2,138
  • Edited Apr 15, 2009 1:25am Apr 14, 2009 4:19pm | Edited Apr 15, 2009 1:25am
Here are the template and the indicators which you need for the latest version.

Attention: you should place the PriceSeries.mqh file in your metatrader\experts\include folder.

In post#2131 you can find a pdf file with explanation on basics and with many charts examples.
Remember the pdf starts with the first version of Ribon Template. The Template attached in this post is a bit different regarding to underneath attached indicators , although the Ribbons are almost the same.

All history on templates and indicators can be found on pages 100 and later.

The #Kino_close_above_ribbons indicator is in development right now. So please don't ask about this indicator and its usage (it's in the thread already).
Attached File(s)
File Type: zip ! actiontrade v3.12- fx50 system 1 min.zip   34 KB | 867 downloads
Trading S/R with PA only. No indicators anymore!
  • #2,139
  • Apr 14, 2009 4:43pm Apr 14, 2009 4:43pm
Quoting Jazz1964
Here are the template and the indicators which you need for the latest version.

Attention: you should place the PriceSeries.mqh file in your metatraderexpertsinclude folder.

In post#2131 you can find a pdf file with explanation on basics and with many charts examples.
Remember the pdf starts with the first version of Ribon Template. The Template attached in this post is a bit different regarding to underneath attached indicators , although the Ribbons are almost the same.

All history on templates and indicators...

Thank you buddy u do apreciated it.
  • #2,140
  • Apr 14, 2009 5:37pm Apr 14, 2009 5:37pm
HI Guys,

Can you please post your template with the different colors as having trouble changing mine - its looks like a battlefield. Thankyou for all the help you are giving us newbies it is greatly appreciated. Enjoy your week.


FB.



Quoting LSs
I have to admit I'm really bad in differentiating the colors for TF1,5,15 and 30. (A little color blind i guess?) Hence, I changed the colors from

TF 1...
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