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Attachments: Mikkom's stophunter system
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Mikkom's stophunter system

  • #1
  • First Post: Edited May 15, 2009 1:19pm Apr 28, 2009 1:44am | Edited May 15, 2009 1:19pm

Sometimes you have to be in right place in the right time

  • #2
  • Apr 28, 2009 2:22am Apr 28, 2009 2:22am
some more details n close up charts showing what u mean
  • #3
  • Apr 28, 2009 3:09am Apr 28, 2009 3:09am
Quoting mikkom
Hello all,

This is the first time I have decided to share a system and as you can guess from my title, this is simple as simple can be.

This is an "original" system, meaning it's 100% developed by yours truly and has some features that some people might view as odd.

If you trade this manually, it requires is about 5 minutes per day.

Please don't post EA's to this thread, I want to see how this works from non mechanic view and what ideas people might come up with. This system is tested on 20 years on all majors and the results are very...
hi mikkom,
is this an indicator or an EA?
i dont see anything on my chart, can u help me?
Attached Image (click to enlarge)
Click to Enlarge Name: fractal.gif Size: 19 KB
  • #4
  • Apr 28, 2009 3:37am Apr 28, 2009 3:37am
Quoting MJurban
hi mikkom,
is this an indicator or an EA?
i dont see anything on my chart, can u help me?
It's indicator. Use normal fractals if that doesn't work for some reason (sorry can't give any technical support).

Quote
some more details n close up charts showing what u mean

All that matters is already at the first post. Read it second time.
  • #5
  • Apr 28, 2009 3:57am Apr 28, 2009 3:57am
Great simple system, Mikkom.
I like these kind.
I'll be following your thread.
Thanks for posting it.
Bill
  • #6
  • Apr 28, 2009 4:05am Apr 28, 2009 4:05am
Quoting billbss
Great simple system, Mikkom.
I like these kind.
I'll be following your thread.
Thanks for posting it.
Bill
hi bill,
do u see the fractals on your chart?
  • #7
  • Apr 28, 2009 4:06am Apr 28, 2009 4:06am
Quoting MJurban
hi bill,
do u see the fractals on your chart?
I'm setting it up now.
I'll let you know in a minute.
  • #8
  • Apr 28, 2009 4:11am Apr 28, 2009 4:11am
Quoting MJurban
hi bill,
do u see the fractals on your chart?
No. It doesn't work on my charts. I'm not sure why.
  • #9
  • Apr 28, 2009 4:14am Apr 28, 2009 4:14am
mikkom there is bug on the indicator.
2009.04.28 17:13:21 Cannot open file '..experts\indicators\mikko_fractal.ex4' on the EURUSD,Daily

I change the indicator name to mikko_fractal and it crash my mt4.
  • #10
  • Apr 28, 2009 4:53am Apr 28, 2009 4:53am
mikko_mtf_fractal.ex4 needs to load the mikko_fractal.ex4 indicator to operate correctly!!! Where is the mikko_fractal.ex4 indicator ?
  • #11
  • Apr 28, 2009 4:59am Apr 28, 2009 4:59am
Quoting atfx
mikko_mtf_fractal.ex4 needs to load the mikko_fractal.ex4 indicator to operate correctly!!! Where is the mikko_fractal.ex4 indicator ?
Whoops I'll post it later.

Just use normal fractal, it will give you few false fractals if you have sunday bars but otherwise works okay.
  • #12
  • Edited 4:00pm Apr 28, 2009 9:26am | Edited 4:00pm
Here is the non mtf version - nothing fancy here, just a usual fractal with sunday bars ignored (also on calculation).

edit: use the one attached at the first post
  • #13
  • Apr 28, 2009 9:33am Apr 28, 2009 9:33am
Quote
If a trade is triggered, at the next open of daily bar set TP for all open buy/sell orders to be open price+20 pips (or -20 pips if short).

Mikkom,
I don't quite understand this.

By "open buy/sell orders" do you mean open trades- trades in progress?

If I hit a buy stop today, do I wait until the open of the next day to set a TP? Do I let it run on the day it is triggered without a TP?

Thanks
  • #14
  • Apr 28, 2009 9:46am Apr 28, 2009 9:46am
Quoting mikkom
Here is the non mtf version - nothing fancy here, just a usual fractal with sunday bars ignored (also on calculation).
For what it's worth, it does use the Sunday bar.
Attached Image (click to enlarge)
Click to Enlarge Name: sundayb.gif Size: 34 KB
  • #15
  • Apr 28, 2009 10:37am Apr 28, 2009 10:37am
Great system! I'm having problems understanding the below questions too, and it would be nice to have an indicator that ignores Sunday bars as many of us use IBFX.

Thank you.

Quoting billbss
Mikkom,
I don't quite understand this.

By "open buy/sell orders" do you mean open trades- trades in progress?

If I hit a buy stop today, do I wait until the open of the next day to set a TP? Do I let it run on the day it is triggered without a TP?

Thanks
  • #16
  • Apr 28, 2009 12:28pm Apr 28, 2009 12:28pm
what is the TP and the SL?
  • #17
  • Apr 28, 2009 12:31pm Apr 28, 2009 12:31pm
Take profit and stop loss are listed on the first page. 20 pips target and stop loss is half way between the two fractals. There is a HUGE risk to reward with this system, which means its hit rate is probably very high.

Quoting miguelxxx
what is the TP and the SL?
  • #18
  • Apr 28, 2009 1:06pm Apr 28, 2009 1:06pm
This system looks like it will have multiple orders open, both buy and sell at same time. "close order if not hit TP or SL after 30 days". This doesn't sound like it will work with US brokers after May 15th (New NFA rule) or am I understanding the system incorrectly.
  • #19
  • Apr 28, 2009 1:10pm Apr 28, 2009 1:10pm
Sorry, went back and read, realized you meant PENDING orders close after 30 days if not triggered, not actual orders.
  • #20
  • Apr 28, 2009 2:45pm Apr 28, 2009 2:45pm
Quoting billbss
Mikkom,
I don't quite understand this.

By "open buy/sell orders" do you mean open trades- trades in progress?

If I hit a buy stop today, do I wait until the open of the next day to set a TP? Do I let it run on the day it is triggered without a TP?

Thanks
Yes, no tp's on the day the trade is triggered.

On the next candle tp is set to +20 pips (if long) or -20 pips (if short) of candle open. If tp is not hit on that candle (very unlikely) then you'll wait for sl or the same thing on next daily candle open.
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