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FX-50 Great Scalping System

  • #2,161
  • Apr 16, 2009 3:41am Apr 16, 2009 3:41am
Hi everyone

I am new here.

Thank you very much for the system and indicators.
  • #2,162
  • Apr 16, 2009 6:16am Apr 16, 2009 6:16am
Quoting John Edwards
Dirk,

I think I know what you have done. I'll check your version of Kino's indicator and see how it does on the charts. Thanks for this contribution.

For all the time we have been working with this great indicator so far.... I have noticed that it has another issue which I'd like to be solved and has to do with the refreshing/repainting of the indicator.

Does your knowledge of mq4 give you the possibility to fix that issue as well? Would be very much appreciated.

Have a nice day, John
I'll see what I can do.
Did the other one repaint, the one that fills up the "Logs" file?
I have not payed much attention to that one.

D.
  • #2,163
  • Apr 16, 2009 6:37am Apr 16, 2009 6:37am
I know this have nothing to do with our strategy but I thought that it was interesting.

"Quote from IBFX"

Dear Customers:
Interbank FX, along with all FCM's, has received information from the NFA that we wanted to pass along to our customers. All registered FCM's have received a new Compliance Rule 2-43 regarding forex trading. On May 15, 2009, forex customers will no longer be allowed open "hedged" positions in their accounts. Please see an excerpt from the new NFA rule below. If you are currently using Hedging as a trading strategy, we would encourage you to use the Interbank FX Demo accounts over the next month to help modify your trading strategy. Also, for those of you who utilize hedging strategy with your "Expert Advisors", we would encourage you modify your code and test your advisor on the Interbank FX Demo servers as well. In order to assure a smooth transition for our customers to the new NFA Compliance Rule, Interbank FX has set May 8, 2009 as the last date that customers will be able to Hedge open positions.

Notice to Members I-09-10
April 13, 2009
Effective Date of NFA Requirements Regarding Forex Orders
NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-43 regarding forex orders. The prohibition on carrying offsetting transactions will be effective for any positions established after May 15, 2009.
Click here for more information.


"End Quote"
  • #2,164
  • Apr 16, 2009 6:46am Apr 16, 2009 6:46am
Hi Dirk,

All of them have this problem... Your adjusted version as well. You can check the issue by changing the settings to f.i. 12/0.6 and 25/0.6 for all ribbons.

Let this setting run for an hour or so and you'll see what happens when you than right click on the indicator and next click OK. Colours will change....

Thank you for helping us to improve the indicator,

John



Quoting DirkH143
I'll see what I can do.
Did the other one repaint, the one that fills up the "Logs" file?
I have not payed much attention to that one.

D.
  • #2,165
  • Apr 16, 2009 12:48pm Apr 16, 2009 12:48pm
number of pips between close bar and differents ribbons
on the left corner
R1 R5 & R15 are ribbons of TF1; 5 & 15


kino
Attached Image (click to enlarge)
Click to Enlarge Name: kino 's_14.gif Size: 53 KB
Attached File(s)
File Type: ex4 #kino_pips_ribbons.ex4   5 KB | 569 downloads
  • #2,166
  • Apr 16, 2009 1:11pm Apr 16, 2009 1:11pm
Hi Kino

Can you please post a mq4 file for your #Kino_CCI_RSI_v6.ex4 ?

TIA
  • #2,167
  • Apr 16, 2009 7:29pm Apr 16, 2009 7:29pm
I have downloaded this sytem and am watching it ..... for a couple of days now. But I just don't wanna do it on hunch. So can somebody please be kind enough to lead me to the page where specifics, pros and cons of this sytem are detailed .... or just plain describe it yourself.

Would be appreciated.

Thanks.
  • #2,168
  • Apr 16, 2009 8:38pm Apr 16, 2009 8:38pm
Quoting zotopec
I have downloaded this sytem and am watching it ..... for a couple of days now. But I just don't wanna do it on hunch. So can somebody please be kind enough to lead me to the page where specifics, pros and cons of this sytem are detailed .... or just plain describe it yourself.

Would be appreciated.

Thanks.
Hi

I see you are new too.

John Edwards trading..pdf

There is a nice attachments listing icon on top right of every page.

Click it and hide images and you will see a great wealth of uploaded things
  • #2,169
  • Apr 16, 2009 10:30pm Apr 16, 2009 10:30pm
  •  LSs
  • | Joined Jan 2009 | Status: I switched to the smarter side | 84 Posts
Quoting John Edwards
LSs,

The longer you work with TFZones the easier it gets.... for you will develop an eye for the entries (plus exits)....
Great insight John! Now that's a new way to look at triangle (:

There are still many things I need to learn with TF zones.

Thank you JE.

LSs
  • #2,170
  • Apr 16, 2009 11:27pm Apr 16, 2009 11:27pm
  •  LSs
  • | Joined Jan 2009 | Status: I switched to the smarter side | 84 Posts
I've been looking at this pattern which usually occur to TF15 or TF30. It is very narrow and I feel hard to judge them. At times it can support, at times price passes through these narrow ribbons.

Is this a signal of possible indecision traders and perhaps ranging?

LSs
Attached Image (click to enlarge)
Click to Enlarge Name: ranging2.gif Size: 36 KB
  • #2,171
  • Apr 17, 2009 12:03am Apr 17, 2009 12:03am
Hi Guys,
Can anybody advice me how to change the settings of the RD-Pivotlines, #Spudfibo and SDX-TzPivots2b to calculate and display the levels from midnight-to-midnight EST?

Thanks a lot
  • #2,172
  • Apr 17, 2009 12:07am Apr 17, 2009 12:07am
  •  LSs
  • | Joined Jan 2009 | Status: I switched to the smarter side | 84 Posts
Quoting John Edwards
.... you have to picture a new triangle of resistance forming between those ribbons,.....

Here is a chart as a follow up to JE post. IMHO, I think the triangle drawn in the chart is quite similar to what JE has commented. It played its part by allowing price to pass through.

Just my opinion (:

LSs
Attached Image (click to enlarge)
Click to Enlarge Name: fx1c.gif Size: 32 KB
  • #2,173
  • Apr 17, 2009 1:21am Apr 17, 2009 1:21am
Good observation. Here there are two possible entries for Long:

1. Right at the bottom of the TF30Zone (Magenta) at the second Blue Dot around 10:15 hrs.... exactly above TF1Zone.

Price stops at narrowing TF15Zone (Blue). Next Price retraces nicely back towards the combo support of TF1Zone and TF30Zone traders.... than again price wants to go up again and now breaks through the TF15Zone

2. The second entry is what I call a Gateway Passage. (BTW Other examples of Gataway passages are in the pdf-file compiled by Jazz1964). Exactly at the red line you have drawn here at 11:17 hrs price passes the crossing of TF15Zone ribbons right in the middle. (= Gateway)

BTW. I am beginning to like your charts more and more. Working with them is easy and quite visual. Thanks for this contribution to the thread.

Have a nice day, John

Quoting LSs
Here is a chart as a follow up to JE post. IMHO, I think the triangle drawn in the chart is quite similar to what JE has commented. It played its part by allowing price to pass through.

Just my opinion (:

LSs
  • #2,174
  • Apr 17, 2009 1:31am Apr 17, 2009 1:31am
Hi Kino,

Your never ending streaming support of indicators here is welcomed as always. Thanks for this contribution...... Absolutely something to have a thorough look at during the weekend.

BTW I tried to get in touch by PM..... Didn't work for some reason. Could you PM me?

Have a nice day, John



Quoting kinonen
number of pips between close bar and differents ribbons
on the left corner
R1 R5 & R15 are ribbons of TF1; 5 & 15


kino
  • #2,175
  • Apr 17, 2009 2:40am Apr 17, 2009 2:40am
Quoting kinonen
number of pips between close bar and differents ribbons
on the left corner
R1 R5 & R15 are ribbons of TF1; 5 & 15


kino
Hi Kino,

Terrific indicator! It gives in one glance the precise situation. Sometimes, depending on the scale of the chart, it isn't very clear how many pips the distance is to the next ribbon, due to bias.

Thank you!!
Trading S/R with PA only. No indicators anymore!
  • #2,176
  • Apr 17, 2009 3:22am Apr 17, 2009 3:22am
Quoting Jazz1964
Hi Kino,

Terrific indicator! It gives in one glance the precise situation. Sometimes, depending on the scale of the chart, it isn't very clear how many pips the distance is to the next ribbon, due to bias.

Thank you!!
i have made simple this time , but as you can see the ribbons TF1 & others twisted and; for example the edge sup of TF1 can be below or above , so it would be not easy (not impossible) to calculate distances from Close Bar , if some of you want also distances to TF30 i can add this , but i don't know the settings for TF30 ribbon !
and for those of you that don't understand why i'm not all the time "disponible" i have my own work !
9:00 - 13:00 & 14:00 - 20:00 every day except Sunday & Monday morning !
all i do here , it's only for help you and it's a challenge(for me) , as i tell you , i don't even have a live account ! perhaps later ,lol
sometimes i have time , sometimes no !

i'm a self made coder , i have been learning coding on mql , since 2 years , you can learn too !
BUT , don't be sad , i am still here and i'll do my best to help you ,the best i can !

kino
  • #2,177
  • Apr 17, 2009 3:37am Apr 17, 2009 3:37am
Thanks for informing us. Do you know by any chance if this is going to be true for Stockmarkets as well?.

Anyway, I think this may result in higher volatility once again.... f.i. another increase in daily High-Low range. Because the institutions and other big players will have to take another approach to their portfolio's and now will have to react sooner. Could become a better market for for small traders though.

On the other hand this makes sense why Alapari, IBFX and others all of a sudden are changing their commission policies into 5 digits "robbery". Five digits gives more space I guess to switch to Floating Pips commissions than with 4 digits and Fixed?

Maybe we ultimately all have to switch over to brokers that remain true to their original functioning..... being brokers taking a fair fixed commission, instead of becoming hunters using a wide variety of Pip-hunting commission strategies.

It would be a good thing if the NFA would finally declare rules for this in the interest of individual traders, because without clear regulations this is going to end in some cases in ordinary theft.....

Just my thoughts, John

Quoting ClearTrade
I know this have nothing to do with our strategy but I thought that it was interesting.

"Quote from IBFX"

Dear Customers:
Interbank FX, along with all FCM's, has received information from the NFA that we wanted to pass along to our customers. All registered FCM's have received a new Compliance Rule 2-43 regarding forex trading. On May 15, 2009, forex customers will no longer be allowed open "hedged" positions in their accounts. Please see an excerpt from the new NFA rule below. If you are currently using Hedging as a trading strategy, we...
  • #2,178
  • Apr 17, 2009 6:00am Apr 17, 2009 6:00am
Hi People,
Please goto post#1 for the new full collour v3.12 template based on LSs's version.
Thanks again LSs!
Trading S/R with PA only. No indicators anymore!
  • #2,179
  • Apr 17, 2009 6:15am Apr 17, 2009 6:15am
Agree 100% and that is why I posted it in this thread because I feel that it is important to know that it will affect the volatility and range next month especially when all this is implemented. So be very careful of pip hunting and how you place your stop losses, if you can it might be best to get a trade manager that hides the stop loss from brokers.

I'm not sure if the rule applies to Stocks, I haven't paid too much attention there since I've been learning Forex.

Quoting John Edwards
Thanks for informing us. Do you know by any chance if this is going to be true for Stockmarkets as well?.

Anyway, I think this may result in higher volatility once again.... f.i. another increase in daily High-Low range. Because the institutions and other big players will have to take another approach to their portfolio's and now will have to react sooner. Could become a better market for for small traders though.

On the other hand this makes sense why Alapari, IBFX and others all of a sudden are changing their commission policies into 5 digits...
  • #2,180
  • Apr 17, 2009 12:18pm Apr 17, 2009 12:18pm
Hi,
is there anybody can help the how do i insert the 2nd and 3rd ribbions.

Thanks,
Rad
Quoting Jazz1964
Hi Kino,

Terrific indicator! It gives in one glance the precise situation. Sometimes, depending on the scale of the chart, it isn't very clear how many pips the distance is to the next ribbon, due to bias.

Thank you!!
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