H1Scalper System (MTF D1,H1,M5) | Page 23 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Spud's MTF FIB Breakout System 383 replies

MTF Ichimoku System 166 replies

MTF Trix system 3,697 replies

MTF Stochastics into MTF Stoch Histogram 8 replies

MTF Vajioo Scalping System 15 replies

Attachments: H1Scalper System (MTF D1,H1,M5)
Exit Attachments

H1Scalper System (MTF D1,H1,M5)

  • #441
  • Jun 27, 2009 9:45pm Jun 27, 2009 9:45pm
Was testing the Hullslope indicator for all pairs and it seems 4H Time Frame also seems to do well but with lesser signals and greater accuracy to save spread pips while trading frequently on a ranging market in lower time frames.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 18 KB
  • #442
  • Jun 28, 2009 9:56am Jun 28, 2009 9:56am
hi swingman, the trend reversal looks great!!!!! is there any way to have this coded for 5min. too many arrows for this time frame. thanks
  • #443
  • Jun 28, 2009 3:18pm Jun 28, 2009 3:18pm
In the BoxBreakout version 2 is possible to give different parameters for the ATR factors (distances) of the lines.
.
Attached File(s)
File Type: ex4 BoxBreakout Signals_v2.ex4   18 KB | 1,683 downloads
  • #444
  • Edited 7:36am Jun 29, 2009 6:36am | Edited 7:36am
Hi SwingMan,

I was testing the hullSlope Indicator with signals since morning live and after one signal, there seems to be no more signals.

I was waiting for the whole day with no signals and just shifted the timeframe back and forth and i got the signal. But not every time.

The signals dont refresh, I also tested it on 1M for quick check and same results.

Thanks
  • #445
  • Jun 29, 2009 4:02pm Jun 29, 2009 4:02pm
Does exist an indicateur to signal the crossing of two or more hull averages?
Thank you very much!
  • #446
  • Jun 29, 2009 10:40pm Jun 29, 2009 10:40pm
Quoting balouf
Does exist an indicateur to signal the crossing of two or more hull averages?
Thank you very much!
Use google to search. If one exists you will find it.
  • #447
  • Jun 29, 2009 11:59pm Jun 29, 2009 11:59pm
Is anyone else testing hullslope and trend reversals indicators ?
  • #448
  • Jun 30, 2009 6:50am Jun 30, 2009 6:50am
Quoting spiderforex
Is anyone else testing hullslope and trend reversals indicators ?
I had a brief look but not a full testing due to time.

What are you finding?
  • #449
  • Jun 30, 2009 9:59am Jun 30, 2009 9:59am
Yeah. I'm testing them. I love the hullslope indicator, I which there could be an email alert with it. Also, another powerful indicator is the BoxBreakout (testing the V1) indicator, the only problem is, the indicator need some kind of signal to alert you when there is change in direction/reversal or when to get out of the trade - the trend reversal signal indicator was able to perform this function. I'm still going to test for some time more.

Quoting spiderforex
Is anyone else testing hullslope and trend reversals indicators ?
  • #450
  • Jun 30, 2009 10:05am Jun 30, 2009 10:05am
I was testing this indicator yesterday and I saw it has a lot of potential. One thing i'm not too clear about is, in your statement:

The indicator take automatic the upper time frame:
- lower or equal H1 -> daily
- equal H4 -> weekly
- equal D1 -> monthly

Does it mean the indicator checks the upper TF for signals - i mean if placed on a H4 TF, it confirms signals from Daily and weekly? right?.

Quoting SwingMan
In the "4H Box Breakout" thread I just posted an indicator to test the potential of the Box Breakouts.
(I don't know how the indicator works with real prices.)


The indicator take automatic the upper time frame:
- lower or equal H1 -> daily
- equal H4 -> weekly
- equal D1 -> monthly



- In the middle of the start bar is drawn an area with the height = 1 ATR, and three lines with the distance 1 ATR.

- Signal arrows are drawn only if the open is located between the high and low of the area, and the close crosses one of this lines.
.
  • #451
  • Edited 9:49pm Jun 30, 2009 9:35pm | Edited 9:49pm
Quoting lrathi
I had a brief look but not a full testing due to time.

What are you finding?
Hi,


Is the trend reverse signal working for you, i tested them on all timeframe and they dont seem to generate any signals live. HullSlope is very good indicator, but without a signal, missing even one bar is going to cost a lot of PIPS in real time.

I had much success with HullSlope in 15 and 30M timeframe but with very strict Take profit of around 15 PIPS

Thanks
  • #452
  • Jun 30, 2009 9:39pm Jun 30, 2009 9:39pm
Quoting ayoneeyee
Yeah. I'm testing them. I love the hullslope indicator, I which there could be an email alert with it. Also, another powerful indicator is the BoxBreakout (testing the V1) indicator, the only problem is, the indicator need some kind of signal to alert you when there is change in direction/reversal or when to get out of the trade - the trend reversal signal indicator was able to perform this function. I'm still going to test for some time more.
Trendreverse signal has an email alert box in properties, you could try that if it works..cos the live signals alert are not working thanks
  • #453
  • Jul 1, 2009 3:04pm Jul 1, 2009 3:04pm
Thanks spiderforex, I'm using the email alert and its working.

Quoting spiderforex
Trendreverse signal has an email alert box in properties, you could try that if it works..cos the live signals alert are not working thanks
  • #454
  • Jul 1, 2009 3:52pm Jul 1, 2009 3:52pm
SwingMan, please disregard my last question, I got my answer to it. I took the time to read the 4H Box Breakout thread. That's one powerful system. The only way to know the efficacy of this indicator is to read that thread - this is one indicator that gives you very good signal if you set your variables well and the opportunity to re-enter. Initially, I thought one might need a trailing stop indicator in order to use this indicator, but after reading the thread, I felt it's not really necessary, as the breakout can run for the rest of the week as specified by Ace284.

After manually back-testing the strategy without indicator and also with this indicator, I observed that the indicator can perform more, but needs some improvements;

1) Adding the buffer parameter as an external parameter just like the ATR - I realized 10 pips buffer will most likely trigger false signals, if you take a look at the chart you posted - for the week begining at June 7, a Sell signal was triggered, which resulted in a loss trade. Any value from 20+ will be better.

2) If an alert can be added to the TP points - like when the TP1 is hit, there is an alert, also for TP2 and TP3. This is necessary because when a false signal is triggered, most times, from my backtest, it touches the TP1 before reversing.

This is a personal favor:
With most US brokers enforcing the hedging rule, its going to be difficult for us to trade this kind of system, as I just opened a new account with IBFX. I don't know if its possible you can write an EA that will be able to set a hidden SELL Stop order and BUY stop order (prices wil be inputed manually or horizaontal lines placedd at both edge of the box), then the EA will place either of the trade in the direction of the triggered signal, with the TP settings attached with the trade. I know i saw something like this where two horizontal lines are placed above and below the high and low of a candle stick, and if price crosses any of the line, a trade is triggered and the other line is deleted.

Quoting ayoneeyee
I was testing this indicator yesterday and I saw it has a lot of potential. One thing i'm not too clear about is, in your statement:

The indicator take automatic the upper time frame:
- lower or equal H1 -> daily
- equal H4 -> weekly
- equal D1 -> monthly

Does it mean the indicator checks the upper TF for signals - i mean if placed on a H4 TF, it confirms signals from Daily and weekly? right?.
  • #455
  • Jul 1, 2009 7:06pm Jul 1, 2009 7:06pm
@ayoneeyee

In the next period I will have very little time for forex programming. I have been working on a completely different program, and now I have to respect deadlines...

The BoxBreakout system seems to me to be successful, and I want to write slowely an EA.

- My broker don't accept on live accounts stop orders, and therefore I must send market orders (your hidden orders).

Few observations and system ideas:
- It is indifferent if you take the Hilo form the first bar, or the ATR.
It is better to take the ATR, because you haven't problems with verry long or verry short bars.
- Not the buffer above/below the breakout zone is important to avoid false signals. (You must read the ACD System from Mark Fisher to understand this.)
The solution is to wait until the prices remains a fixed period above/below the Box. Fisher recomand 1/2 of the first bar period, e.g. for 4 hour bars, wait 2 hours. But I think that 1 hour is enough.
- As an additional filter is good to use the HullSlope indicator.

OK, this are not rules for set and forget, but for an EA is not a problem.

- Take maximum two trades in the upper period (for H4 bars, two trades per week).
- Entry with 4 lot units.
On TP1, TP2, TP3 sell 1 lot, and the last lot at the end of the week or at a SL.
Fo all lots:
- After reaching TP1, set break even 2 points.
- After reaching TP3, set SL on TP1
- After reaching TP4 (entry + 4*ATR), set SL on TP2, etc. like a trailing stop.
(With this rules I calculated for GBPJPY in the last two months approximately 600 points per week.)

- Ashe's rule to take profits on the 3-th level is for me to static.

  • #456
  • Jul 2, 2009 8:42am Jul 2, 2009 8:42am
Great concept for an EA, Swingman, I support this idea. One more observation - the email alert in 4H Box Breakout v2 is not working, I missed the breakout of GY,EJ,and AJ on the H1 chart for daily trading because I didn't get email alert from the indicator - that was one bloody breakout to the downside and it happened while i was sleeping - PLEEEAAAASEEEE!!!! can you fix this email alert and the other alert on this indicator.

Thank you so much.

Quoting SwingMan
@ayoneeyee

In the next period I will have very little time for forex programming. I have been working on a completely different program, and now I have to respect deadlines...

The BoxBreakout system seems to me to be successful, and I want to write slowely an EA.


- My broker don't accept on live accounts stop orders, and therefore I must send market orders (your hidden orders).


[left]Few observations and system ideas:
- It is indifferent if you take the Hilo form the first bar, or the ATR.
It...
  • #457
  • Jul 2, 2009 1:23pm Jul 2, 2009 1:23pm
Quoting ayoneeyee
Great concept for an EA, Swingman, I support this idea.
Thank you!

One more observation - the email alert in 4H Box Breakout v2 is not working.
You are right, I forgot to install the alerts

I missed the breakout of GY,EJ,and AJ on the H1 chart for daily trading
No problem, please send me your account data, and I replace you the unrealized profit from my profit!
Here the new version: BoxBreakout Signals_v3 with alerts.

Please test the alerts, because at this time all my trades make big pips, and they aren't new signals...
Attached File(s)
File Type: ex4 BoxBreakout Signals_v3.ex4   19 KB | 1,908 downloads
  • #458
  • Jul 2, 2009 4:02pm Jul 2, 2009 4:02pm
Thanks SwingMan. You are a life-saver. I will test it tonight.

Quoting SwingMan
Here the new version: BoxBreakout Signals_v3 with alerts.

Please test the alerts, because at this time all my trades make big pips, and they aren't new signals...
  • #459
  • Jul 3, 2009 8:59am Jul 3, 2009 8:59am
I don't know if I'm doing something wrong, but the alerts (both email and visual) seems not to be working. Is there something I need to do, because alert works on my other indicators. Thanks.

Quoting SwingMan
Here the new version: BoxBreakout Signals_v3 with alerts.

Please test the alerts, because at this time all my trades make big pips, and they aren't new signals...
  • #460
  • Jul 10, 2009 4:47am Jul 10, 2009 4:47am
Quoting SwingMan
In the "4H Box Breakout" thread I just posted an indicator to test the potential of the Box Breakouts.
(I don't know how the indicator works with real prices.)


The indicator take automatic the upper time frame:
- lower or equal H1 -> daily
- equal H4 -> weekly
- equal D1 -> monthly



- In the middle of the start bar is drawn an area with the height = 1 ATR, and three lines with the distance 1 ATR.

- Signal arrows are drawn only if the open is located between the high and low of the area, and the close crosses one of this lines.
.
hi SwingMan,

appreciate your work. this seems interesting.
could u explain a bit more of the above b/c I don't understand the
"- lower or equal H1 -> daily
- equal H4 -> weekly
- equal D1 -> monthly"
part of what it is doing. though, this is what I think it is doing.. the first part it is determing the true range:

The difference between the current bar high and the current bar low
The difference between the current bar high and the previous bar close
The difference between the current bar low and the previous bar close

so then, atr is then calculated by taking an average of the true ranges over a set number of previous periods. is this correct? and may I ask what is the periods you use for atr?

any chance if u can upload the .mq4 source file for this indicator? : -)

in any case, thanks again.

cheers,
gfsr
0 traders viewing now