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The London Progressive Strategy

  • #41
  • Jun 8, 2009 3:03am Jun 8, 2009 3:03am
Quote
Quote:
mer071898
Hi, seems this indie doesn't update in real time. Please post a chart, i need a compare with my and check my settings

Yeah Tenax, I noticed that as well, I will see if hanover can fix it.
Already messaged it to hanover.
  • #42
  • Jun 8, 2009 3:06am Jun 8, 2009 3:06am
If you manually set it at the close of the 7:00 candle, you would have already hit your TP 4! Woo hoo!!!!!!!!!
  • #43
  • Jun 8, 2009 4:27am Jun 8, 2009 4:27am
Mer, for some days the box is too tight (narrow), so the fibo levels are very small. Do you have any experience to handle in these days?
  • #44
  • Jun 8, 2009 12:41pm Jun 8, 2009 12:41pm
Too small of a box is not much of an issue as you will usually have no problem reaching a TP 4 level, it's when the box is too big (generally over 50 pips) that you have problems because even reaching TP 1 is a struggle. I generally use higher lot sizes, so for me to only make 10-20 pips on occasion is just fine with me, I'm not greedy.

On a side note, I'm still waiting to hear from hanover about fixing the indicator, so you'll have to place the indicator manually at the close of the 7:00 candle for now.
  • #45
  • Jun 8, 2009 6:04pm Jun 8, 2009 6:04pm
Quote
I'm afraid the simple answer is no, at least not within the framework of the current design. I coded it on on the understanding that the box/fibo would "encompass the high and the low within a specific start time and end time and then automatically pull fibs from that particular high to the low" (see post #1). Since this high/low is not known until the specified end time, the box/fibo can't be plotted before then.

I'm not familiar with i-sessions, perhaps you could find somebody to modify it to suit.
This is my reply from hanover. I'm afraid we will have the put the indicator on our charts at the start of the 7:15 candle to make this work for now, sorry. If anyone knows of a coder who can modify this to automatically draw this every day without having to manual place it on the chart, just let us know.
  • #46
  • Jun 9, 2009 3:54am Jun 9, 2009 3:54am
It was a close one, but profit again!

21 x 0.7 = 14.7
42 x 0.1 = 4.2
8 x 0.2 = 1.6

Total = 20.5
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 122 KB
  • #47
  • Jun 9, 2009 4:40am Jun 9, 2009 4:40am
Quoting mer071898
This is my reply from hanover. I'm afraid we will have the put the indicator on our charts at the start of the 7:15 candle to make this work for now, sorry. If anyone knows of a coder who can modify this to automatically draw this every day without having to manual place it on the chart, just let us know.
Putting indi into the chart manually just a very small thing Mer, all what you done for us so far worth highly appreciated and respected. Keep us learning with all new things coming if any. Thanks much.
  • #48
  • Jun 9, 2009 4:46am Jun 9, 2009 4:46am
Quoting GeoffT
It was a close one, but profit again!

21 x 0.7 = 14.7
42 x 0.1 = 4.2
8 x 0.2 = 1.6

Total = 20.5
GeoffT, what indi that is a line on your chart, what its name, where I can find it or you can share? Thanks.
  • #49
  • Jun 9, 2009 12:41pm Jun 9, 2009 12:41pm
Sorry Exciter which line do you mean?

I have the template that mer provided, the FFCAL indi from the THV system for the news, and the fib extension with the lines from the first post. The box is called Breakout Panca Eagle. Let me know what you're after and i'll post it.

This system would have provided a second round of profits as EU blasted off for a second time in the afternoon all the way past TP4. Powercut here meant I couldn't trade
  • #50
  • Jun 9, 2009 9:47pm Jun 9, 2009 9:47pm
Bummer your power went out GeoffT as we did have a second entry that ran through out TP 4 (see pic).

I have updated post #1 with the new Box/Fibo indicator and a new template for all to use so you don't have to manually run your fibs or box. Unfortunately you will have to manually place the indicator or reset your template at the open of the 7:15 candle until we can get someone to fix the indicator to get it to draw automatically. Now all we need is an EA to place pending orders and move our stops for us and we'll be set! If anyone out that would like to tackle an EA, just let me know.
Attached Image (click to enlarge)
Click to Enlarge Name: london.gif Size: 53 KB
  • #51
  • Jun 9, 2009 11:26pm Jun 9, 2009 11:26pm
I just wanted to give you a little info you might be interested in. I did a little research out of the past 100 trading days and found out this:

TP 4 hit at least once- 75 days
TP 3 hit at least once- 05 days
TP 2 hit at least once- 11 days
TP 1 hit at least once- 07 days

And only 2 (yes, only 2!) out of the last 100 days that we did not hit a TP level in either direction. Don't get me wrong, there were several instances where you were stopped out after your initial entry, but later another entry emerged and was placed which may have hit a TP and profited for you. I just found it astonishing that it hit TP 4 75 times out of 100. (This is assuming you closed out your trades at the end of the trading day before 00:00.)
  • #52
  • Jun 10, 2009 12:02am Jun 10, 2009 12:02am
Quoting GeoffT
Sorry Exciter which line do you mean?

I have the template that mer provided, the FFCAL indi from the THV system for the news, and the fib extension with the lines from the first post. The box is called Breakout Panca Eagle. Let me know what you're after and i'll post it.

This system would have provided a second round of profits as EU blasted off for a second time in the afternoon all the way past TP4. Powercut here meant I couldn't trade
OK now GeoffT, I didn't update the template on post #1. That's trend magic . Sorry about the powercut. I had to stay in my bed due to internet problem too.
  • #53
  • Jun 10, 2009 2:26am Jun 10, 2009 2:26am
Another quick 51 pips! Hopefully we can grab another run before I have to hit the sack.
Attached Image (click to enlarge)
Click to Enlarge Name: london.gif Size: 50 KB
  • #54
  • Jun 10, 2009 2:32am Jun 10, 2009 2:32am
I thought you said EUR/USD for this thread ?

I grabbed some pips on Cable but euro was a loser today sadly. I think the French industrial production lower than expected caused a pullback.
  • #55
  • Jun 10, 2009 3:01am Jun 10, 2009 3:01am
Would you be kind enough to post the i-sessions-02 indicator, please.
  • #56
  • Jun 10, 2009 3:13am Jun 10, 2009 3:13am
Quoting mer071898
Another quick 51 pips! Hopefully we can grab another run before I have to hit the sack.
Mer,

Should we trade more after the target hit which only follows the base of this strategy? Thanks.
  • #57
  • Jun 10, 2009 6:20am Jun 10, 2009 6:20am
Quoting orientos
Would you be kind enough to post the i-sessions-02 indicator, please.
Here it is
Attached File(s)
File Type: ex4 i-Sessions-02.ex4   8 KB | 626 downloads
  • #58
  • Jun 10, 2009 11:05am Jun 10, 2009 11:05am
Extremely choppy price action on the dollar pairs, I lost some cash today but if you'd stuck with it, and with the GBP/USD too, I think you would have turned a profit.

G/U made two bull runs up to TP4, although i'm fairly sure trendmagic didn't line up for the second entry.

E/U made one loser, two fakeouts which fell short of TP2, but were stopped out breakeven. And a final bear run right down to TP4!
  • #59
  • Jun 10, 2009 5:02pm Jun 10, 2009 5:02pm
Quote
I thought you said EUR/USD for this thread ?
Sorry guys I was testing out the Gbp/Usd last night and posted the wrong charts, made good money though.

Quote
E/U made one loser, two fakeouts which fell short of TP2, but were stopped out breakeven. And a final bear run right down to TP4!
GeoffT, yes we had some choppy trades with 1 stop, 2 TP 1's hit and a TP 4 to get us back up close to breakeven. That's why I'm kinda looking and using more than one pair to help offset possible losses.

Quote
Would you be kind enough to post the i-sessions-02 indicator, please.
orientos, we no longer are utilizing the i-sessions in post #1. Feel free to use if you feel more comfortable with it
Attached Image (click to enlarge)
Click to Enlarge Name: london.gif Size: 44 KB
  • #60
  • Jun 10, 2009 5:03pm Jun 10, 2009 5:03pm
Also, I have someone that might have gotten the Box/Fibo indicator fixed. I will test it out tonight and if everything is okay, I will post it up tomorrow.
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