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H1Scalper System (MTF D1,H1,M5)

  • #481
  • Aug 8, 2009 8:17am Aug 8, 2009 8:17am
Excuse me, i forgot to mention, for SwingMan.
Thank you
  • #482
  • Aug 9, 2009 12:36am Aug 9, 2009 12:36am
Quoting SwingMan
--------------
If the current time frame in chart is M1,M5..H1 -> the upper TF for the box is D1
If the current time frame in chart is H4 -> the upper TF for the box is W1
If the current time frame in chart is D1 -> the upper TF for the box is MN1.

All this can you see if you install the indicator...

-------------
ATR period is 34, and I use the internal function iATR().

-------------
The source code for you(!), but please do not ask for...
Swingman,

I was looking to train my 12-year-old grand child in forex trading and in my search for appropriate indicators, I found your indicators. After seeing your post and indicators I was quite interested in you as a programmer and trader.

With my limited abilities, I was training him to look for small but sudden retracement at high/low point of the chart. He has to wait for Semfor 3 to hit high/low in and then watch second bar in 1 minute chart and if the second bar go lower, see Stochastic arrow up/down and immediately press the trade button with 5 pips stop loss and 10 pips profit limit. He was enjoying this and also making profit but it was a long wait for for the semfor 3 to act. He got bored and I wanted to give him something more to keep him interested. That's why I searched the forum for indicators suitable for that age group.

After finding those indicators I read through each of your posts and indicators and can make a picture of you as a programmer who has (a) exceptional abilities (b) works with precision and clear focus , (c) understands trading concepts very well and (d) works with a passion.

Now I find this excellent analytical tool of breakout signals 3. If you have time please incorporate more switches in breakout signals 3 to increase the analysis span from daily to weekly, monthly, quarterly, six monthly and yearly it will be very helpful , particularly for a retail trader who wants to only make small profit with a conservative approach. I am attaching a chart and explanation. and this analysis tool will be for such a kind of trader or investor.

If you can put a switch to point out maximum drawdown in pips on the ATR zones it will be further helpful.

Why have you chosen ATR? Many people chose Average Daily Range (ADR).
If you can kindly explain it will be good.

Thank you again for this indicator as well as the indicators for school children.

I wish you read Sniper trading workbook by George Angell and come out with stastical indicators it will be good.

PJ
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Drawdown in six months.jpg Size: 334 KB
Click to Enlarge Name: New trading zone in the works.jpg Size: 112 KB
Click to Enlarge Name: quarterly analysis trading zones.jpg Size: 78 KB
  • #483
  • Aug 9, 2009 7:00am Aug 9, 2009 7:00am
Good Swingman, Ayonee, other participants here:

would it be possible for somone who is utilizing this system, (developed or improved here) to display at the start of the each week , a report based on the past week's activities?

This will be just a Graph from the detailed report in MT4 (Demo or live) to show how they have been using this method.

This would be most beneficial I think and would most apreciate if this was done.

Bless you all.
  • #484
  • Aug 9, 2009 3:08pm Aug 9, 2009 3:08pm
Quoting vasi
Hi !
I have thought to a function that should improve the indicator:
"H1 Scalper DashBoard." A function that should display the strongest currencies (more bought), and the weakest (more sold). I have inserted a link as example:
http://www.forexfactory.com/t/121839...h-meter-1.html
(CURRENCY METER V5)
Is it possible to create or to improve an indicator of this type?

Tank you
Best regards
I'm sory @vasi, but in this period i have not the time for further developements or changes of indicator.
  • #485
  • Aug 9, 2009 3:22pm Aug 9, 2009 3:22pm
Quoting pj9100
Why have you chosen ATR? Many people chose Average Daily Range (ADR).
If you can kindly explain it will be good.

I wish you read Sniper trading workbook by George Angell and come out with stastical indicators it will be good.
- For ATR gives in MT4 the internal function iATR() and for me is easier to use it. They are not big differences between ATR and ADR values. If you will have "better" bar range values, then you can think to use the median of the bar ranges, or to use the middle value +- std. deviation etc. I know all possibilities...

- I have an older book from G.Angell: "Winning in the futures market" who he describes the LSS method. I have also the original Taylor book.
For such projects, to check the results of LSS I have not the time. I know that Angels published results for stocks are false, and I don't know if the three days cycles works in our forex market. On the web site of Linda Raschke you can also find an article about the Taylor method.
  • #486
  • Aug 11, 2009 9:47am Aug 11, 2009 9:47am
Hi Mr. SwingMan,
I have see your trde system Basket, and is a good System, but he run only in demo mode.
I want to use is in real and semi automatic mode, it is possible?
Tanks
  • #487
  • Aug 12, 2009 4:22am Aug 12, 2009 4:22am
Quoting Bruno64
Hi Mr. SwingMan,
I have see your trde system Basket, and is a good System, but he run only in demo mode.
I want to use is in real and semi automatic mode, it is possible?
Tanks
PM me your email adress, but I do not recomand to use the system on live accounts, because it is not tested.
  • #488
  • Aug 12, 2009 5:10am Aug 12, 2009 5:10am
Quoting pj9100
I wish you read Sniper trading workbook by George Angell and come out with stastical indicators it will be good.
I bought the book at amazon and I get it in the next days!
In your charts you have some indicators - are they programed for LSS trading? If you open a thread for "LSS System for Forex" and you will use the system, then I can try to develop the necessary indicators and you can describe what I'm doing...
  • #489
  • Aug 12, 2009 6:23am Aug 12, 2009 6:23am
Quoting SwingMan
I bought the book at amazon and I get it in the next days!
In your charts you have some indicators - are they programed for LSS trading? If you open a thread for "LSS System for Forex" and you will use the system, then I can try to develop the necessary indicators and you can describe what I'm doing...
Swingman,

Thank you. Yes, I will open a thread for LSS system. The emphasis will be on manual trading and relying on statistical indicators developed by you.

The focus will be on finding out what is happening in the market. And based on our statistics how can we estimate where the market will go: up, down or stall. We will not predict any levels. The idea is for the traders to get rid of fear and trade calmly and all the time focus on big picture. Not on indicators but on the intentions of the market makers and how to deal with them with our money management technique.

Just like you I believe in sharing my real-life experience and knowledge acquired from experienced people and with no motive at all. You have already developed box breakout 3 indicator which we can use it for the system and improve upon it further.

This weekend I will make the introduction.

PJ
  • #490
  • Aug 12, 2009 6:47am Aug 12, 2009 6:47am
Quoting pj9100
Yes, I will open a thread for LSS system. The emphasis will be on manual trading and relying on statistical indicators ...
The focus will be on finding out what is happening in the market. ...The idea is for the traders to get rid of fear and trade calmly and all the time focus on big picture.
Thank you, I think you did a very good idea. LSS has interested me earlier and it may be very useful for calm trading!
  • #491
  • Edited Aug 13, 2009 6:08am Aug 12, 2009 9:58am | Edited Aug 13, 2009 6:08am
@pj9100

Here is the link to Linda Raschkes article about Swing Trading. The ideas are maybe an extension of the BOS rhytmus in "The Reaction Trend System" from Welles Wilder (New Concepts...).

https://www.lbrgroup.com/index.asp?page=ArticlesSwing2


Other links:
see post #1955
http://forums.babypips.com/free-fore...ilder-196.html
.
  • #492
  • Aug 13, 2009 2:40am Aug 13, 2009 2:40am
Quoting SwingMan
@pj9100

Here is the link to Linda Raschkes article about Swing Trading. The ideas are maybe an extension of the BOS rhytmus in "The Reaction Trend System" from Welles Wilder (New Concepts...).

https://www.lbrgroup.com/index.asp?page=ArticlesSwing2
.
OK thanks. It's explained well. Now I am charged up.
  • #493
  • Aug 15, 2009 1:36pm Aug 15, 2009 1:36pm
Quoting SwingMan
If you will test the signals, here an indicator:
.
Hi, SwingMan. I would like to check out your (promising) idea for your latest H1 Breakout strategy indicators. I know that you are very busy, so please excuse the following questions in my post .... I think you can answer very quickly (if not, no problem):

(1) Your screenshots show an ATR Indicator 'ArenDI ATR' set to 34. Is this indicator essential, or do you use it simply to determine TP and SL values (1 x ATR)? If I use another indicator for 1 x ATR TP and SL, is a period set to 34 OK? If not what value do you recommend?

(2) I use the latest smHullSlope (v.5) and smHullMavg indicators - should they use default settings (period 27, etc.). If not what settings do you recommend?

Best wishes, and thank you, in anticipation.
  • #494
  • Aug 15, 2009 5:28pm Aug 15, 2009 5:28pm
Quoting Dm3554
Hi, SwingMan....
Hi DM (DeutscheMark...?),

- For ATR I mean the 34 period is very good to smooth the ranges, and to react to volatility changes.
- For the Hull average I take the period 27, because with this value you have a similar line with a more complex indicator who need more CPU resources (i_Sadukey_v1).
Attached File(s)
File Type: mq4 i_Sadukey_V1.mq4   15 KB | 923 downloads
  • #495
  • Aug 16, 2009 4:08am Aug 16, 2009 4:08am
Quoting SwingMan
Hi DM (DeutscheMark...?),

- For ATR I mean the 34 period is very good to smooth the ranges, and to react to volatility changes.
- For the Hull average I take the period 27, because with this value you have a similar line with a more complex indicator who need more CPU resources (i_Sadukey_v1).
Excellent. Thank you for your fast reply.
  • #496
  • Aug 16, 2009 6:20am Aug 16, 2009 6:20am
Quoting lrathi
Please find the next update manual Basket Trader EAv5.1 Explanations 1

This is the latest version of Dashboard EAV5.1

Latest versions of all Indicators and Dashboard are now available on post#1
Irathi!
I cant drag the two indicators to one window ? can you help?
thanks
  • #497
  • Aug 18, 2009 4:59am Aug 18, 2009 4:59am
Hi, swingman i have never posted befor i am older newbe have read all your posts here HATS OFF TO YOU have not loaded any thing yet still asorbing it all Thank you Swingman,Iratha,stevewide & others the world is a better place with people like YOU guys.
  • #498
  • Aug 21, 2009 3:48pm Aug 21, 2009 3:48pm
Greetings Swingman,

I have been reading this thread for 2 days straight now. I have also been testing version 5.1 of the BasketTrade EA all week. I am ECSTATIC about it. I have Live traded some of the auto trades generated by the EA from my demo and managed the exits manually with much success. I used the ATR of the pair at the time as my TP on every trade and it was hit EVERY time. I think the ATR is a consistent, steady method of exiting every position, IMHO.

Thanks you for your contributions to this community and congratulations for creating an EA that actually can filter out many bad entries and provide good entries that have excellent risk/reward potential. Any system that is capable of achieving this in non trending markets is priceless. This week was pretty choppy and the EA managed to squeeze out more than 30 winning trades with minimal risk using the default settings. That does not include the other alerts given that also produced consecutive profitable trades for me.

If it's possible, I would like to have the EA for trade in a Live account so I can run it on a small micro account I have. My demo results were very good using the default settings. BTW, a money management feature that can be built into the EA would definitely provide us with the opportunity to compound accounts quickly with so many quality low risk trades filtered out by the EA. I am eternally grateful to you and everyone who has contributed to the making of such a powerful trading tool.

Thanks again.
  • #499
  • Aug 22, 2009 7:44am Aug 22, 2009 7:44am
Quoting blazan
If it's possible, I would like to have the EA for trade in a Live account...
Here is a version valid for live accounts. Please be careful!

I post the version 5.1 and 5.2, but I forget which are the differences... Please test.
Attached File(s)
File Type: ex4 BasketTrade DBEAv5.1.ex4   79 KB | 1,160 downloads
File Type: ex4 BasketTrade DBEAv5.2.ex4   81 KB | 1,402 downloads
  • #500
  • Aug 22, 2009 8:25pm Aug 22, 2009 8:25pm
Quoting SwingMan
It gives a little posssibility if we take off the gray line and remains only the nacked histograms. Please remember me in the next days to programe this, than you have the filter.


Quoting studbiol
Hi SwingMan,

and here I am to remember you.

I think I will be very pleased when I can integrate this filter in my charts. And then I will post my charts again on the thread.


Hi SwingMan,

I won't give up to remember you - although I know you have less time. I will stay patient and while waiting I will develop my trading-idea a little bit.

Could it be possible to make this 4col version even MTF? I would really like it. Sorry to be a "Klotz am Bein" (I don't know in Engish ).

Could you please PM me when it is ready and where I can find it? Indrek's thread is increasing very quick with the new MTF-idea.

Thank you for your great help



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