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FX-50 Great Scalping System

  • #2,381
  • Edited 12:45pm Jun 17, 2009 11:00am | Edited 12:45pm
Hey all how's trading going. I have been away but back now nice to see this thread moving along. Any way I have a great idea for a trailing stop ea.

I will try to explain this the best I can.
I need an ea that will first close all orders at profit
second a trailing stop added
third a close orders at loss in pips
fourth read below I tried to explain the best I can. NOTE: this needs to all be in pips not dollars like 0.5 etc.
Here seems to be the tricky part when the ea hits the trailing stop at whatever i input lets say 20 pips, now I want the option lets say the market goes the other direction against me. I want to be able to have the ea close a percentage of the order say at 10 pips. This way if it does go to 0 I at least get something out of the market. This would be great for scalping for all of us. Kinon or somebody can you look at this. I have enclosed a trailing ea maybe you can just add to it.
Thanks let me know what you think.
fxtrading24

So the inputs would be
All possessions True or False
Profit Trailing True or False
Trailing stop
Profit Target
Trailing Step
Hard Stop
Then Close Partial oreder( This is when the trailing stop has been hit here you would add the amount of order to close if the trailing stop heads back to 0)
Close order amount This is when the trailing stop has been hit here you would add how many pips before it closes the partial order.

What I am getting at is lets say you go long eur/usd and you set your trailing stop at 10 ok so you hit the trailing stop and then the market reverses and lets say you want the ea to close half the order at 5 pips you still gain if it goes to 0.
Attached File(s)
File Type: mq4 TrailingStopEA.mq4   9 KB | 760 downloads
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #2,382
  • Jun 17, 2009 8:05pm Jun 17, 2009 8:05pm
If anyone would like to analyse this failed trade feel free.

http://i5.photobucket.com/albums/y16...70609_0232.gif

I thought everything was lining up. Price had reached the 76.4 fib retrace level, Had a red BrainTrend Alert. Fxprime has signaled shorts. Price had come below the Kijun. I waited for the pull back which bounced off the 1 min TFZ. Fxprime 1 went red, Fxprime 2 gave a signal, price came below the kijun and the ichi cloud, cci went through 0 and the sma also with down angle. There was plenty of space below to next ribbon. Also I thought it was a good gateway through the TFZ5 (green). I had a 15 pip sl. Is this just one of those stop outs that happen, or did I not read something else that was important. Entered at red line.
...20% method, 80% mindset...
  • #2,383
  • Jun 17, 2009 9:13pm Jun 17, 2009 9:13pm
Let me try to help you.
What happend was that you did not get a signal from the other Fxprime indicator. Both indies have to come up on the chart for you to be able to enter. Also, your CCI 89 did not cross the 67 line in order to give another signal.
I hope that helped a little.

D.
  • #2,384
  • Jun 17, 2009 9:40pm Jun 17, 2009 9:40pm
Quoting DirkH143
Let me try to help you.
What happend was that you did not get a signal from the other Fxprime indicator. Both indies have to come up on the chart for you to be able to enter. Also, your CCI 89 did not cross the 67 line in order to give another signal.
I hope that helped a little.

D.
Thanks. So I jumped the gun a bit, and should have waited for both fxprimes to go red.
...20% method, 80% mindset...
  • #2,385
  • Jun 18, 2009 11:31am Jun 18, 2009 11:31am
Quoting kinonen
i only see a horizontal line ?
send me a PM with screen, please
thxs

kino

Sorry Kino for the late reply.
Here is the website to the zz indy. In that thread everything is explained.
But I still think that the repainting of the indicator would not be fixable because of the fact that it is a High Low indy and those change and are not predictable.

http://www.forex-tsd.com/indicators-...w-trendzz.html

D.
  • #2,386
  • Jun 19, 2009 11:18am Jun 19, 2009 11:18am
Hey Kino,

I have a question regarding one of your indies.
It's the Kino_RSI_45_55. That indi is repainting and I just wanted to ask you if you would be able to fix that one or if you have already another one. Wasn't sure if you developed one?

D.
  • #2,387
  • Jun 21, 2009 1:58pm Jun 21, 2009 1:58pm
Quoting DirkH143
Hey Kino,

I have a question regarding one of your indies.
It's the Kino_RSI_45_55. That indi is repainting and I just wanted to ask you if you would be able to fix that one or if you have already another one. Wasn't sure if you developed one?

D.
i cann't fix my kinoCcIRSI_v5 but i'still have it on all my screens !
i went to ZZ thread and don't believe this kind of indicators are useful
because we never know if it's definitevely a peak (or a valley) i'll see that tomorrow and i'll tell you my opinion.
i have developped another kind of indi with calculated StopLoss for buy and sell , just like the one , i've made for the ribbons (monitor ribbons) .
but for now i only concentrate my work on Demark and mouteki (and also on Point & figures).
kino
  • #2,388
  • Jun 21, 2009 2:04pm Jun 21, 2009 2:04pm
Quoting kinonen
i cann't fix my kinoCcIRSI_v5 but i'still have it on all my screens !
i went to ZZ thread and don't believe this kind of indicators are useful
because we never know if it's definitevely a peak (or a valley) i'll see that tomorrow and i'll tell you my opinion.
i have developped another kind of indi with calculated StopLoss for buy and sell , just like the one , i've made for the ribbons (monitor ribbons) .
but for now i only concentrate my work on Demark and mouteki (and also on Point & figures).
kino

I agree with you that it is not very useful (all the time), but with other indicators it could give a good idea of an exit.
See ya.

D.
  • #2,389
  • Jun 21, 2009 2:32pm Jun 21, 2009 2:32pm
is ther en EA for this system?
  • #2,390
  • Jun 22, 2009 9:33am Jun 22, 2009 9:33am
Hi Jazz1964

I saw your screens here in FX-50 forum and enjoyed so much, could you please share this?

Sorry the bad english.

Suba
  • #2,391
  • Edited 9:40pm Jun 22, 2009 9:22pm | Edited 9:40pm
Hello all, thi system had a pretty good looking, i downloaded the indicators and readed a few pages (i want to read them all) but i saw in some examples that they have DOTS in main windows that I dont have in the tpl that I downloaded from the first page. What indicator is this? thanks
  • #2,392
  • Jun 23, 2009 6:13am Jun 23, 2009 6:13am
Quoting monomonono
Hello all, thi system had a pretty good looking, i downloaded the indicators and readed a few pages (i want to read them all) but i saw in some examples that they have DOTS in main windows that I dont have in the tpl that I downloaded from the first page. What indicator is this? thanks

you have to go Post 1500
(monomonomono i have heard a song with the same name lol)
kino
  • #2,393
  • Jun 23, 2009 7:52am Jun 23, 2009 7:52am
Quoting kinonen
you have to go Post 1500
(monomonomono i have heard a song with the same name lol)
kino
thankyou kinonen, this is what i was finding, I already got it but i didn't know that it goes in "include" file jeje, this is a great system, I traded tonight with it and my first operation was a little lost, second one I exit with +15 pips (wanted to close half but i cannot), so I close the trade and prices still riding until 50 pips, I just take a little part of the trade but it was an incoming anyway. I will be reading all this thread.
  • #2,394
  • Jun 23, 2009 8:09am Jun 23, 2009 8:09am
Quoting monomonono
thankyou kinonen, this is what i was finding, I already got it but i didn't know that it goes in "include" file jeje, this is a great system, I traded tonight with it and my first operation was a little lost, second one I exit with +15 pips (wanted to close half but i cannot), so I close the trade and prices still riding until 50 pips, I just take a little part of the trade but it was an incoming anyway. I will be reading all this thread.
you must put Priceseries.mqh in Include Folder and restat your Plataform
see post 1 in the zip file !
kino
  • #2,395
  • Jun 23, 2009 7:58pm Jun 23, 2009 7:58pm
Quoting fxtrading24
Hey all how's trading going. I have been away but back now nice to see this thread moving along. Any way I have a great idea for a trailing stop ea.

I will try to explain this the best I can.
I need an ea that will first close all orders at profit
second a trailing stop added
third a close orders at loss in pips
fourth read below I tried to explain the best I can....
Hey Kinon can you take a look at this and tell me if it can be done on post #2381
Thanks
fxtrading24
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #2,396
  • Jun 23, 2009 9:20pm Jun 23, 2009 9:20pm
ill check this system out!!!
  • #2,397
  • Edited 9:35pm Jun 28, 2009 3:16pm | Edited 9:35pm
Hey Kino..I am wondering if you can help, sort of
in the frame work of your 2 cci above 0 indicator
I think a big piece missing from this method and other
short time frame methods is knowing there is enough market
activity and volume for plays (and that its not a period
of consolidation likely)

I use the mtf waddah attar explosion for volume with this
setup, but also I use atr. What I think we need, for people
to just be able to throw on their charts is a bar like the
2 cci above/under 0 bar you made that shows
ATR 6 and ATR 36 and if both are above or below
15 as the benchmark level. Yellow for no
to not be confused as a down color indicator like
red.. and blue for yes.

That way you just do not trade if the atr bar is yellow
and you can trade if your trade setups with the atr
bar being blue.

It would be a big help...works for 1 min and I always use
on 5 min and would recommend everyone check it out..
if you are able to create such a bar for us?

Just atr 6 and atr 36 with a bar level of 15 so the
indicator would be 2 atr above/under 15 indicator

What do you think?

Brian

PS: And of course we would need to be able to enter the bar
level ie the 0.15 as default but some pairs need to be adjusted
and we would need to be able to enter the minimum bar level
and change it from the 0.15 default.

thanks
  • #2,398
  • Jun 29, 2009 8:58am Jun 29, 2009 8:58am
.... to just be able to throw on their charts is a bar like the
2 cci above/under 0 bar you made that shows
ATR 6 and ATR 36 and if both are above or below
15 as the benchmark level. Yellow for no
to not be confused as a down color indicator like
red.. and blue for yes.
and ....
ie the 0.15 as default but some pairs need .....

Ok i'll do that in a moment
be patient
kino
  • #2,399
  • Jun 29, 2009 11:17am Jun 29, 2009 11:17am
Ok i'll do that in a moment
be patient
kino[/quote]

here we are !
you have to check it because there are many atr indicators
i'have made this with the ATR function of mq4 language
the 2nd indic (on the graph) is another one i've made to choose my SL when i'm long or short (2xATR(10) away from the trade i've taken .
bye all

kino
Attached Image (click to enlarge)
Click to Enlarge Name: kinoatr.gif Size: 58 KB
Attached File(s)
File Type: mq4 kino_2ATRaboveLimit.mq4   3 KB | 535 downloads
File Type: mq4 kino_ATR ChannelsStopLoss.mq4   2 KB | 659 downloads
  • #2,400
  • Jun 29, 2009 11:58am Jun 29, 2009 11:58am
he Brian
don't sure if i've understand this

Just atr 6 and atr 36 with a bar level of 15 so the
indicator would be 2 atr above/under 15 indicator

i make ATR6 & ATR36 > or < 0.15 is it good
or am i wrong ?

check please
kino
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