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The DIBS Method... No Free Lunch continues

  • #8,601
  • Sep 3, 2009 7:55am Sep 3, 2009 7:55am
Quoting ag_fx
try

r a p i d s h a r e dot c o m


BTW, i just downloaded the file from the website and it is absolutely fine.
Fair enough. I couldn't read the Russian and got spooked when I got a popup saying the site wanted to install software on my computer.
  • #8,602
  • Sep 3, 2009 9:06am Sep 3, 2009 9:06am
now you have this on Rapidshare:

http://rapidshare.com/files/27512981...I_B_S.pdf.html
  • #8,603
  • Sep 3, 2009 10:05am Sep 3, 2009 10:05am
hi,

do you have the script/Indicator that can close all positions at once?pls post.thanks
  • #8,604
  • Sep 3, 2009 1:48pm Sep 3, 2009 1:48pm
Quoting ayour2a
hi,

do you have the script/Indicator that can close all positions at once?pls post.thanks

Hi!

I have this one script!!!
Exp-Close-----ALLORDERS - closes all open orders Buy and Sell
Exp-Close-----ALLSTOP - closes all open orders BuyStop SellStop BuyLimit SellLimit
Exp-Close-----BUY - closes all open orders Buy
Exp-Close-----SELL - closes all open orders Sell
Exp-Close-----BUYStop - closes all open BuyStop orders
Exp-Close-----SELLStop - closes all open SellStiop orders
Exp-Close-----LOOSE - closes all open order in LOSS
Exp-Close-----PROFIT - closes all open orders in Profit
Attached File(s)
File Type: ex4 Exp-Close-----ALLORDERS----.ex4   4 KB | 396 downloads
File Type: ex4 Exp-Close-----ALLSTOP------.ex4   3 KB | 362 downloads
File Type: ex4 Exp-Close-----BUY------------.ex4   4 KB | 393 downloads
File Type: ex4 Exp-Close-----BUYStop-------.ex4   2 KB | 356 downloads
File Type: ex4 Exp-Close-----LOOSE---------.ex4   4 KB | 401 downloads
File Type: ex4 Exp-Close-----LOOSE--BUY---.ex4   4 KB | 363 downloads
File Type: ex4 Exp-Close-----LOOSE--SELL---.ex4   4 KB | 387 downloads
  • #8,605
  • Sep 3, 2009 1:49pm Sep 3, 2009 1:49pm
Quoting dim4ik42
Hi!

I have this one script!!!
Exp-Close-----ALLORDERS - closes all open orders Buy and Sell
Exp-Close-----ALLSTOP...
And another...
Attached File(s)
File Type: ex4 Exp-Close-----PROFIT---------.ex4   4 KB | 421 downloads
File Type: ex4 Exp-Close-----PROFIT--BUY---.ex4   4 KB | 388 downloads
File Type: ex4 Exp-Close-----PROFIT-SELL---.ex4   4 KB | 376 downloads
File Type: ex4 Exp-Close-----SelectType-----.ex4   10 KB | 407 downloads
File Type: ex4 Exp-Close-----SELL------------.ex4   4 KB | 412 downloads
File Type: ex4 Exp-Close-----SELLStop-------.ex4   2 KB | 434 downloads
  • #8,606
  • Sep 3, 2009 1:53pm Sep 3, 2009 1:53pm
Quoting dim4ik42
And another...
thanks
  • #8,607
  • Sep 3, 2009 1:58pm Sep 3, 2009 1:58pm
Quoting ayour2a
thanks
this all are scripts... just put them in dir. /scripts/ and restart terminal MT4.
You can put all of them. Everyone does his own function.
  • #8,608
  • Sep 3, 2009 2:05pm Sep 3, 2009 2:05pm
Quoting ayour2a
hi,

do you have the script/Indicator that can close all positions at once?pls post.thanks
Here's a very good one that closes all positions right now!

Cheers!
Attached File(s)
File Type: mq4 CloseAll.mq4   7 KB | 550 downloads
  • #8,609
  • Sep 3, 2009 3:03pm Sep 3, 2009 3:03pm
Quoting enewbold
Here's a very good one that closes all positions right now!

Cheers!
thanks
  • #8,610
  • Sep 5, 2009 7:26am Sep 5, 2009 7:26am
I know this is a strange question to ask on a forex forum, but has anybody had any experience of using this method on equities on a daily timeframe?

I have been experimenting for a few months and not had much success. So I have to ask myself, does this not work on equities for some reason and I should give up? Or maybe I am not applying the method correctly (I think I am) and need to review the setups I am taking? Or maybe the current market conditions are not right and I need to persevere?

Any thoughts?
  • #8,611
  • Sep 5, 2009 7:38am Sep 5, 2009 7:38am
Quoting China Diaper
I know this is a strange question to ask on a forex forum, but has anybody had any experience of using this method on equities on a daily timeframe?

I have been experimenting for a few months and not had much success. So I have to ask myself, does this not work on equities for some reason and I should give up? Or maybe I am not applying the method correctly (I think I am) and need to review the setups I am taking? Or maybe the current market conditions are not right and I need to persevere?

Any thoughts?
I trade inside bars on the daily and I trade breaks of weekly inside bars too. It works well on FX and commodities.
When I backtested this method it was a disaster on the indices, 1hr IB's got topped and tailed all the time. I did not try on individual stocks because I rarely trade them.
I think FX being so much more liquid and so many more players means it is less prone to manipulation.
  • #8,612
  • Sep 5, 2009 11:02am Sep 5, 2009 11:02am
I found that trading IB's worked on a smaller TF (15 mins or lower) trading Uk equities, but the liquidity dried up so thats why i stopped.

I think the reason the 1hr doesn't work so well is that the equity markets are only open 8hrs so there is more of a rush to get business done so it'll rarely stay the same for 2 hrs...just my idea.

Also if trying it in stocks wait for ones that are trending not in a channel as there may be lots of IB's that break by only a point or two....always plenty of trending stocks out there.
  • #8,613
  • Edited 11:29am Sep 5, 2009 11:12am | Edited 11:29am
Thanks for the replies. I agree with the trading stocks in a trend idea, I scan for stocks that are up/down on the month but I get the most confidence in setups where the stock has been in a trend for a few months. I guess I feel more comfortable because I think if the stock has been heading south/north this long whats another few days. Still hasn't got me very far yet though.

Due to my working hours and internet policy (I work in back office at a bank funnily enough) daily tf is my only option unfortunately.

I trade (well...paper trade) US stocks, but am based in the UK.
  • #8,614
  • Sep 5, 2009 5:34pm Sep 5, 2009 5:34pm
Quoting China Diaper

Due to my working hours and internet policy (I work in back office at a bank funnily enough) daily tf is my only option unfortunately.

I trade (well...paper trade) US stocks, but am based in the UK.
Dailys are NEVER an unfortunate part. If you see candles/bars as information then daily candles provide you with alot. Tie in with S/R levels and Fibs/Pivots, daily PA can yield you much longer trades with somewhat less stress. Look for key reversal points on a daily and if they appear near weekly S/R then buckle you seat.

I personally believe you will make more money trading longer TFs than smaller TFs with much less stress. Hourly is about the minimum (although I am no saint and have dabbled in, 15 M charts) but they can be used to confirm touches at/around areas of S/R and therefore potentially get you in a trade earlier.
  • #8,615
  • Edited 2:53am Sep 6, 2009 2:40am | Edited 2:53am
Quoting Razor_trader
Dailys are NEVER an unfortunate part.
I suppose I see it as unfortunate because if you are trading a few Fx pairs on the daily tf good setups are few and far between.

When I was trying out the pin bars at support/resistance level with fibs etc on daily fx bars I would wait a week for a setup only for it not to work out a lot of the time, which is why I am looking at equities.

The other reason, and I know this is going to sound silly, is that because of the hours I work staying up till 12:00 for the daily fx bars complete really kills me.
  • #8,616
  • Sep 7, 2009 6:54am Sep 7, 2009 6:54am
Hi,

I am new to this forum. Although i have been following this incredible method for 6 months i have never write in this forum. From my experience in using the dibs method i found it to be very simple and yet successful. I found it easier to enter based on the IB formed especially early in UK session. The challenge is how to let the free ride run. Currently i am more of a day trading which i do not prefer to let any open position overnight. I am also hesitate to let any open position from early UK session to run at the beginning of US session. I feel that i can improve further on my trading strategy. From the first post PC mentioned about using trailing stop such as Moving Average. Anyone can help me on how to use this trailing stop method or any other method that is good.

thanks
  • #8,617
  • Sep 7, 2009 10:31am Sep 7, 2009 10:31am
China Diaper
I don't know whether DIBS works on equities and I doubt it does because so much of the movement for a day occurs in the first hour.

You should look at similar ideas like opening range break-outs. Tony Crabel first popularised it (I think), Mark Fisher describes a similar method which he calls ACD.

The opening range is typically based on either time or volatility and a break of the range is an indication of trend in the direction of the break.
  • #8,618
  • Sep 7, 2009 3:03pm Sep 7, 2009 3:03pm
Quoting riz92
Hi,

I am new to this forum. Although i have been following this incredible method for 6 months i have never write in this forum. From my experience in using the dibs method i found it to be very simple and yet successful. I found it easier to enter based on the IB formed especially early in UK session. The challenge is how to let the free ride run. Currently i am more of a day trading which i do not prefer to let any open position overnight. I am also hesitate to let any open position from early UK session to run at the beginning of US session....
Hi, riz92!

I will try to answer your question by quoting Peter Crowns and The Real Thing (father of this DIBS metod)...

"The thing you need to be thinking of, if you are interested in doing something like this -- is
find some robust method for trailing your longer term positions, that you can live with for a
very long time! Some use moving averages, some "turtle-type" stops, others use trendline stops
on daily and weekly charts."
(Peter Crowns)

"Many possible trailing stop ideas could be used. “Turtle” stops, parabolic stops, trendline stops, the choices are myriad.
One trailing stop that many mechanical trading systems have used effectively for years is exiting on the first close below a simple 20 period moving average, for a long trade. (Or exiting on the first close above the 20 period average for a short trade.)"
(The Real Thing)
  • #8,619
  • Sep 8, 2009 4:44am Sep 8, 2009 4:44am
hi dim4ik42,

Thanks for the input. I guess there are many options. For now I will look into
more detail maybe the moving average, parabolic sar or the simple way of fixed percentage/pips.

thanks again!
  • #8,620
  • Sep 8, 2009 7:50am Sep 8, 2009 7:50am
Quoting riz92
hi dim4ik42,

Thanks for the input. I guess there are many options. For now I will look into
more detail maybe the moving average, parabolic sar or the simple way of fixed percentage/pips.

thanks again!
Hi!

I want to say something... I may be wrong, but I think that the power of this method is in the simple of trading and understanding... Not something very complex... The pros have not time for very coplex systems... They need time for trading!
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