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H1Scalper System (MTF D1,H1,M5)

  • #161
  • May 12, 2009 1:45am May 12, 2009 1:45am
Quoting lrathi
Decided to enter on H1 one pip above previous bar.
This is correct, but ONLY if we have a large green histogram bar (signal = LONG).

An other possibility is to find the entry point on the M15 time frame (H1 / 4 = M15).
In this case we must have also a large green histogram bar on M15. But the condition on H1 is not so strong any longer, and we can wait until we have a signal L1, L2 or LONG on H1.
Attached Images
  • #162
  • May 12, 2009 4:56am May 12, 2009 4:56am
Quoting SwingMan
This is correct, but ONLY if we have a large green histogram bar (signal = LONG).

An other possibility is to find the entry point on the M15 time frame (H1 / 4 = M15).
In this case we must have also a large green histogram bar on M15. But the condition on H1 is not so strong any longer, and we can wait until we have a signal L1, L2 or LONG on H1.

Thanks for showing this option of using the Long on M15 with weaker signal on H1.

I was thiinking of the Harmonic Number 240/15=/16vs 240/60=4 ,so I concluded entry H1 only. I do not like to enter on such long candle as retracement usually takes place.

In this trade I entered after using some previous experienced methods.

At present my first TP for AUDCAD has closed for 31 pip profit, the second half still running. $26.65 profit
I entered the EURUSD and USDCHF trades by above entry rules and all in profit as I write. Account up to $111.00ish . Not bad for one day.

I am excited to keep going!!!
  • #163
  • May 12, 2009 5:24am May 12, 2009 5:24am
have an idea; would someone post their template for a upper timeframe dashboard? will try that next since I can't make it work.
Thanks
  • #164
  • May 12, 2009 5:39am May 12, 2009 5:39am
lrathi, I considered the m15 to be in harmony M15x4 = H1x4=H4, etc. But I haven't gotten any signals at all on the dashboard in a couple days. I just noticed my dashboard is still v2.4. I'l upgrade and see if that makes a difference.
  • #165
  • May 12, 2009 6:30am May 12, 2009 6:30am
Quoting BenQ
lrathi, I considered the m15 to be in harmony M15x4 = H1x4=H4, etc. But I haven't gotten any signals at all on the dashboard in a couple days. I just noticed my dashboard is still v2.4. I'l upgrade and see if that makes a difference.
Thanks BenQ, for this explanation. I think I am realising that I did not comprehend the harmonic number theory as well as I thought even though I wrote it in the Trading Idea file.

I like forums like this to iron out any new concepts with realtime examples.
  • #166
  • May 12, 2009 6:37am May 12, 2009 6:37am
Quoting stevewide
have an idea; would someone post their template for a upper timeframe dashboard? will try that next since I can't make it work.
Thanks
I used the dashboard 2.5 template supplied by Swingman on the forum and just changed the timeframes in the INPUT tab "TimeFrameList' to 60,240,1440,10080

My platform does slow down and I am closing and re-opening to get the up to date prices.

I am in the process of starting another demo account to only place the dashboard there and trade off the current platform.

If you still having problems I will try after the new setup demo and send the template. Let me know.
  • #167
  • May 12, 2009 7:44am May 12, 2009 7:44am
please send template at your convenience; no hurry; I am using 2.5 dashboard; its worth a try;
Thank you
Steve
  • #168
  • May 12, 2009 7:49am May 12, 2009 7:49am
@Steve

DashBoard isn't working, and I have maybe an explanation...

- On my or other platforms is working, OK.
- The template has nothing with working to do, because not the template works, this is the DashBoard. This meen that with or without my DB, the problem remain.

- But, the DB need historical prices to calculate the indicators, and MAYBE he hasn't any data for some pairs...

Try following:
- for all pairs, draw in a neutral M1 chart (without indicators) the prices, and make a change to H1

With this action we force MT4 to download price data from server, and later to use this data for higher time frames.

I don't know if this help, but for backtests with the Strategy Tester was this a help for me.
  • #169
  • May 12, 2009 7:58am May 12, 2009 7:58am
Quoting SwingMan
@Steve

DashBoard isn't working, and I have maybe an explanation...

- On my or other platforms is working, OK.
- The template has nothing with working to do, because not the template works, this is the DashBoard. This meen that with or without my DB, the problem remain.

- But, the DB need historical prices to calculate the indicators, and MAYBE he hasn't any data for some pairs...

Try following:
- for all pairs, draw in a neutral M1 chart (without indicators) the prices, and make a change to H1

With this action we force MT4 to download price...
I was just going to suggest this. I wrote a strength index a while back that uses several pairs to calculate. I had to load a M1 chart and then use Marketwatch to just change the pairs for every pair the broker offered. That filled all of my history files and it worked fine. I then simply deleted the M1 chart as it was no longer needed. Also, don't forget to right click on the MarketWatch window and select Show All
  • #170
  • Edited 1:35pm May 12, 2009 10:16am | Edited 1:35pm
Very nice system, thanks for sharing Swingman. I read through the 3 documents yesterday and put on 3 trades this morning. 3 for 3 with low stress using the 1 minute chart to enter the 5 minute signal as long as the higher timeframes is supporting the move.
  • #171
  • May 12, 2009 1:03pm May 12, 2009 1:03pm
thank you both for the help; I'm working on it.
Steve
  • #172
  • May 12, 2009 7:22pm May 12, 2009 7:22pm
Hey guys I'm still having trouble loading the templates and indicators. Could someone please post the current indicators and templates? Thanks.
  • #173
  • May 12, 2009 9:58pm May 12, 2009 9:58pm
Quoting toafdawg
Hey guys I'm still having trouble loading the templates and indicators. Could someone please post the current indicators and templates? Thanks.
Have you the build 223 of Metatrader?
  • #174
  • May 12, 2009 10:41pm May 12, 2009 10:41pm
I'm not sure, how can I tell, or how can I update? Thanks.
  • #175
  • May 12, 2009 11:22pm May 12, 2009 11:22pm
Quoting toafdawg
I'm not sure, how can I tell, or how can I update? Thanks.
Oh, noooooooooo! Please learn the functionalitys of Metatrader.

- Menu point: Help/About
You become the build number.

If this is not 223, you start the LiveUpdate in the main directory.
Attached Images
  • #176
  • May 12, 2009 11:26pm May 12, 2009 11:26pm
Quoting toafdawg
... please post the current indicators and templates
Here for you the current indicators, templates and documentation.
.
Attached File(s)
File Type: zip H1Scalper.zip   79 KB | 1,268 downloads
File Type: zip H1Scalper_Documentation.zip   860 KB | 1,184 downloads
  • #177
  • May 13, 2009 12:02am May 13, 2009 12:02am
Thanks, I have it working without crashing, now it seems like its not reloading.
  • #178
  • May 13, 2009 12:24am May 13, 2009 12:24am
Started with $3000.00. Mini account.

Using H4 as my trading TF
Attached Image (click to enlarge)
Click to Enlarge Name: dashboard v2.5 h4_ account balance.gif Size: 50 KB
  • #179
  • May 13, 2009 12:28am May 13, 2009 12:28am
Quoting toafdawg
Thanks, I have it working without crashing, now it seems like its not reloading.

Remark:
- The DashBoard refresh the informations each minute, consume many CPU resourses and disturb the active charts.

The solution is to start Metatrader two times:
On one platform set only the DashBoard, and on the other platform can you trade.
  • #180
  • May 13, 2009 1:07am May 13, 2009 1:07am
Has anyone found that if this method has worked during particular time frames? I normally prefer trading the London and US sessions but was just curious if anyone had any results.
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