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M 2 Brainless

  • #1
  • First Post: Edited Aug 8, 2009 12:38am Aug 7, 2009 3:55pm | Edited Aug 8, 2009 12:38am
System Requirment

M 2 Chart

Period Convertor ( To Attach In M 1 Chart)

EMA 100 Close with Shift 10

Ichimoku

Buy: Require Two Confirmation

1 Candles are above EMA 100

2 Ichimoku Clouds are below the Candles

Exit Ichimoku Cloud Colour Changes from Blue to Red

Sell: Require Two Confirmation

1 Candles are below EMA 100

2 Ichimoku Clouds are above the Candles

Exit Ichimoku Cloud Colour Changes from Red to Blue


Ichimoku Indicator requires the following Modification under Colour

Serial Number

0 None

1 None

2 Blue

3 Red

4 None

5 blue

6 Red

I Assume everyone Knows to open the M 2 chart from the offline
Up date

Use stoch 50,3,3 for Filtering Bad Trades
Attached File(s)
File Type: mq4 Period_Converter_Opt2.mq4   15 KB | 631 downloads
File Type: mq4 Ichimoku.mq4   5 KB | 3,724 downloads
File Type: mq4 BarPercentage.mq4   1 KB | 611 downloads
File Type: ex4 #Signal_Bars_v6.ex4   54 KB | 633 downloads
File Type: tpl m 2 brainless.tpl   11 KB | 605 downloads
  • #2
  • Aug 7, 2009 3:59pm Aug 7, 2009 3:59pm
Chart Showing BUY and Sell

First chart Buy

Second Chart Sell
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj.gif Size: 39 KB
Click to Enlarge Name: gj 1.gif Size: 45 KB
  • #3
  • Aug 7, 2009 5:28pm Aug 7, 2009 5:28pm
Hi,
This looks interesting but I do have some question:
What pair, just Gbp/Jpy or?
"Candles are above/or below" Do you mean when they close above/below or?
What SL do you have?
Last one, how do you convert from 1 to 2 min?
I would love if you could show exactly where you enter and exit the position.

Thanks!
  • #4
  • Aug 7, 2009 5:53pm Aug 7, 2009 5:53pm
hi Again

What pair, just Gbp/Jpy or? Any Pair is OK
"Candles are above/or below" Do you mean when they close above/below or? Candles has to close fully above or below
What SL do you have? Since it is M 2 TRADE SHORT 50 PIP IS OK
Last one, how do you convert from 1 to 2 min?
I would love if you could show exactly where you enter and exit the position.

Period Converter:

Attach period convertor in M 1 chart

Open period convertor and under common click both box and under input section type period Multiplier as 2

Under file in MT4 you can see offline open the offline and scroll thorugh you will see M 2 chart and double click to the MT 4 PLATFORM
Attached Image (click to enlarge)
Click to Enlarge Name: gj 1.gif Size: 42 KB
  • #5
  • Aug 7, 2009 5:58pm Aug 7, 2009 5:58pm
Why would you exit on a blue cloud and reenter on a blue cloud?
  • #6
  • Aug 7, 2009 6:04pm Aug 7, 2009 6:04pm
Hi Billbss

Two things

M 2 short trade and reduce the draw down

or you can close 50% of the contract and the balance at BE
  • #7
  • Aug 8, 2009 1:20am Aug 8, 2009 1:20am
Thank you!
I will look into it.
  • #8
  • Aug 8, 2009 3:43am Aug 8, 2009 3:43am
hi my friend
looks interesting but i am confused , in this picture u have posted , in your first entry the cloud below the candle is red !! not blue , can u explain please
regard

Quoting harigp
hi Again

What pair, just Gbp/Jpy or?...
  • #9
  • Aug 8, 2009 4:09am Aug 8, 2009 4:09am
Hi Sammer

Yes there is little bit of reddishness at the time of buy entry but conditions met like candles above EMA 100 and candles above the cloud is satified

use stoch 50,3,3 to filter the bad entries

I will show one chart of bad entry and see where the stoch is
Attached Image (click to enlarge)
Click to Enlarge Name: gj 1.gif Size: 35 KB
  • #10
  • Aug 8, 2009 7:58am Aug 8, 2009 7:58am
Quoting harigp
Hi Sammer

Yes there is little bit of reddishness at the time of buy entry but conditions met like candles above EMA 100 and candles above the cloud is satified

use stoch 50,3,3 to filter the bad entries

I will show one chart of bad entry and see where the stoch is
The filter does not appear to be very good. The short that follows the no good entry above also has stochs below or near 20.
  • #11
  • Aug 8, 2009 10:36am Aug 8, 2009 10:36am
By adding another set of fast Ichimoku (setting 2, 5, 8) will might help filtering the movement.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: ichmoku m2_brainless.gif Size: 40 KB
~ Let the TRADES come to you - be a TRAPPER not a HUNTER ~
  • #12
  • Aug 8, 2009 10:59am Aug 8, 2009 10:59am
Hi Profi 4554

Thanks for the input seems good in M 5 chart 2,5,8

Attached the M 5 chart. After one week will update the first post with all
possible developments
Attached Image (click to enlarge)
Click to Enlarge Name: gj 2.gif Size: 35 KB
  • #13
  • Aug 8, 2009 11:23am Aug 8, 2009 11:23am
Most welcome harigp.

I kinda like what both Ichimoku display on different timeframe. The fast setting will follow the PA nicely while the longer setting will gives an overall trend direction. Will monitor on this further next week.

Interestingly, your EMA 100 Shift 10 moves exactly the same with Gann HiLo (Lookback 100) that I have been reading from another thread. Would be good if I can find an indicator to give color for that MA. Can't find indicator that would support Shift input.

Thanks for sharing this setup harigp.

Good trading to you.

Regards
~ Let the TRADES come to you - be a TRAPPER not a HUNTER ~
  • #14
  • Aug 9, 2009 8:31am Aug 9, 2009 8:31am
Dear bro hari

First of all many congrats on starting your new thread. Keep it up guys many of you might not be aware of Mr. Hari. He is one of the silent traders who is good in trading this beast. Bro I applied your system and found it quite good on H1 time frame. I am attaching the chart for your review and thoughts. We shall chat later

All the best.

Balaji
Attached Image (click to enlarge)
Click to Enlarge Name: gj-1hr.gif Size: 41 KB
  • #15
  • Aug 9, 2009 9:01am Aug 9, 2009 9:01am
Quoting profi4554
Most welcome harigp.

I kinda like what both Ichimoku display on different timeframe. The fast setting will follow the PA nicely while the longer setting will gives an overall trend direction. Will monitor on this further next week.

Interestingly, your EMA 100 Shift 10 moves exactly the same with Gann HiLo (Lookback 100) that I have been reading from another thread. Would be good if I can find an indicator to give color for that MA. Can't find indicator that would support Shift input.

Thanks for sharing this setup harigp.

Good trading to you.

Regards...
Hi profi4554,

I added Shift to this existing indicator. Renamed the indicator to version 2.
Attached File(s)
File Type: ex4 MA in Color 2.ex4   4 KB | 438 downloads
  • #16
  • Aug 9, 2009 11:45am Aug 9, 2009 11:45am
Quoting fewhills
Hi profi4554,

I added Shift to this existing indicator. Renamed the indicator to version 2.
Thank you fewhills

Indy works like a charm. Good trading to you sir.

Best Regards
~ Let the TRADES come to you - be a TRAPPER not a HUNTER ~
  • #17
  • Aug 9, 2009 12:33pm Aug 9, 2009 12:33pm
Thanks fewhills for the inidi

I did a small modification Like colour NO 1 has made as Blue which is bascially Kijun sen line

If the Kijun sen line cut up or down the 100 EMA line it adds one more confirmation for the trade

Kijun sen line is basically the trend setter line

Chart atached
Attached Image (click to enlarge)
Click to Enlarge Name: gj 2.gif Size: 41 KB
  • #18
  • Aug 11, 2009 4:26pm Aug 11, 2009 4:26pm
Hi Hariqp,

In the top left hand corner you have an indicator . It is a white dotted line with a line through it and a percent number along side it. Can you tell me how to read that indicator ? Thanks
  • #19
  • Last Post: Aug 11, 2009 9:21pm Aug 11, 2009 9:21pm
Hi bobcat

It is the percentage of bar completion in progress like a bar clock

you can fix this in any time frame
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