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  • #181
  • Oct 28, 2009 1:59pm Oct 28, 2009 1:59pm
Quoting Merlyn
Hello pgpb,

Sweet spots are round numbers, for example 1.4500, 1.4520, 1.4550, 1.4580 etc. I actually find that price (traders) does tend to respect some of them.

Also, many traders place their stop losses just the other side of big round numbers which is why you will sometimes see unexplained spikes going just through as dealers go stop hunting
Oh....**those** sweet spots....of course!! I use a seperate indicator for those called "roundnumbers"....but I must admit I do not always activate that indi.....hmmmm
  • #182
  • Oct 28, 2009 5:12pm Oct 28, 2009 5:12pm
Quoting harar
Hi
I am still having problem with the management ea (updatestop (2)ea). I managed to get it to work on the demo account but not on live. My broker is Ibfx and in demo a/c it is five digit and in real a/c it is four.Trying to fix it on real account is costing me money. So please who ever is using any of those managemrnt eas in real account for IBFX is to post their settings for both gbpusd and gbpjpy. thanks
G'day harar,

I don't have any suggestions for you I'm afraid... It works fine on my live 5 digit account. It could be the 4 Vs 5 digit thing, if it is working on demo and not live. I have not had the opportunity to test the other EA's Lrathi has posted, but you may have more luck with them perhaps? Have you tried to contact ForexJedi? That may also be a place to start. Also, (sorry to sound like I am insulting your intelligence) when you switch from demo to live, sometimes the EA's don't automatically turn on... have you checked that too?

Sorry I can't be of more help.

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #183
  • Oct 28, 2009 5:22pm Oct 28, 2009 5:22pm
Same account from post#84

15.03% profit.
Attached Image (click to enlarge)
Click to Enlarge Name: 28_10_2009 trades.gif Size: 31 KB
  • #184
  • Oct 28, 2009 5:27pm Oct 28, 2009 5:27pm
Quoting harar
Hi
I am still having problem with the management ea (updatestop (2)ea). I managed to get it to work on the demo account but not on live. My broker is Ibfx and in demo a/c it is five digit and in real a/c it is four.Trying to fix it on real account is costing me money. So please who ever is using any of those managemrnt eas in real account for IBFX is to post their settings for both gbpusd and gbpjpy. thanks
Not sure what the answer to the problem.

However, Gleneagles did say before going LIVE to check wih the broker about partial profit EA's.

With regard to yen and crosses I find add another zero.

I am happy with update stops v3 management EA. See my post earlier.
  • #185
  • Oct 28, 2009 9:03pm Oct 28, 2009 9:03pm
Quoting Merlyn
Hello pgpb,

Sweet spots are round numbers, for example 1.4500, 1.4520, 1.4550, 1.4580 etc. I actually find that price (traders) does tend to respect some of them.

Also, many traders place their stop losses just the other side of big round numbers which is why you will sometimes see unexplained spikes going just through as dealers go stop hunting
so,Merlyn we cannot place the stop loss level at round number right??for example cannot put the stop loss at 1.4500 or 1.4510.is't right ??
  • #186
  • Oct 28, 2009 9:26pm Oct 28, 2009 9:26pm
have you planning your trade before you open a trade?? can you teach me how to do it !! because i heard from other professional trader say must have a trading plan before enter a trade!!
  • #187
  • Oct 28, 2009 9:39pm Oct 28, 2009 9:39pm
4) Look at the candle on the left of the vertical line.
5) Draw a horizontal line through the high/low of the candle.
6) Your entry point is 2 pips above the high for a long trade.

the information is from the manual

i have question now if the signal bar high is higher than the previous bar so how?is't enter after 2 pips above the high of the signal bar??http://cdn.forexfactory.com/images/icons/icon5.gif
  • #188
  • Oct 28, 2009 9:42pm Oct 28, 2009 9:42pm
Quoting weisiong00
have you planning your trade before you open a trade?? can you teach me how to do it !! because i heard from other professional trader say must have a trading plan before enter a trade!!
Weisiong, if you are trading the method shown in this thread, all you need to know is in the manual. At the end of the manual is the checklist for the particular version you want to trade with. That is your trading plan.

Try setting up your TP (UpdateStop or Update to BE) EA to reflect the appropriate values in the manual, depending on the method you want to use. Then, when it is the appropriate time to trade, simply look for a possible trade. Then go through the checklist, one by one, and see if the trade meets all of the criteria. If it does, then enter the trade (demo until you feel confident) and let things run their course.

If you trade the system purely mechanically for a while on DEMO, it wont matter how many you win or lose. But it will teach you how to simply take the signals as they come along. If you take a trade (or anyone else for that matter) that does not win, but it satisfies all of the criteria, then please post a screenshot of it. There are many good people on here who will help you working out why it did not work. We learn to crawl before we walk...

Of course, please post your winners too!

If you are new to trading, or just new to this method, give yourself some time to become comfortable and confident with it. Rome wasn't built in a day. Take your time and be systematic in your approach.

I know that there are a lot of people who post their winners, and I always like to see them, because they are inspirational, but when people post their loosing trades, it is instructional, and probably more valuable than posting winning charts.

Start with the 60/15/5 setup. It has less false signals than the 30/5, and will still give good opportunities.

Good luck!

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #189
  • Oct 28, 2009 9:44pm Oct 28, 2009 9:44pm
Quoting lrathi
Same account from post#84

15.03% profit.
i have some question now
Q1 i saw you have enter the nzdchf for two trade at the same price ,wow is very risky right??
Q2.)the usdcad trade it should be enter at 7.45 GMT right at that time the three block already same color ,why you enter the trade at 9.10 GMT??is't too late??
  • #190
  • Edited 10:04pm Oct 28, 2009 9:45pm | Edited 10:04pm
Quoting weisiong00
4) Look at the candle on the left of the vertical line.
5) Draw a horizontal line through the high/low of the candle.
6) Your entry point is 2 pips above the high for a long trade.

the information is from the manual

i have question now if the signal bar high is higher than the previous bar so how?is't enter after 2 pips above the high of the signal bar??http://cdn.forexfactory.com/images/icons/icon5.gif
This is the steps you follow:

1) Find THREE BLOCKS of the SAME COLOR.
2) The THREE BLOCKS must line up vertically.
3) Draw a Vertical line on the chart where the blocks line up.
4) Look at the candle on the left of the vertical line.
5) Draw a horizontal line through the high/low of the candle.
6) Your entry point is 2 pips above the high for a long trade.
7) Your entry point is 2 pips below the low for a short trade.

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #191
  • Oct 28, 2009 9:58pm Oct 28, 2009 9:58pm
Quoting paidperpip
Weisiong, if you are trading the method shown in this thread, all you need to know is in the manual....

thanks man!!
  • #192
  • Oct 28, 2009 10:12pm Oct 28, 2009 10:12pm
Quoting paidperpip
This is the steps you follow:

1) Find THREE BLOCKS of the SAME COLOR.
2) The THREE BLOCKS must line up vertically.
3) Draw a Vertical line on the chart where the blocks line up.
4) Look at the candle on the left of the vertical line.
5) Draw a horizontal line through the high/low of the candle.
6) Your entry point is 2 pips above the high for a long trade.
7) Your entry point is 2 pips below the low for a short trade.

PPP
this three rule , i have follow the below three rule right ,saw the chart
1.)ATR rising on xADR 0.2 indicator Green?
2.)Is the trade within the trading time zone?
3.)Daily range less than 80% of average daily range on indicator as
Green?
I NEED TO CONFIRM THAT ,THANKS!!http://cdn.forexfactory.com/images/icons/icon7.gif
Attached Image (click to enlarge)
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  • #193
  • Oct 28, 2009 11:41pm Oct 28, 2009 11:41pm
Quoting weisiong00
this three rule , i have follow the below three rule right ,saw the chart
1.)ATR rising on xADR 0.2 indicator Green?
2.)Is the trade within the trading time zone?
3.)Daily range less than 80% of average daily range on indicator as
Green?
I NEED TO CONFIRM THAT ,THANKS!!http://cdn.forexfactory.com/images/icons/icon7.gif
You are right. However, the correct time to trade the strategy to ensure there is enough momentum behind the trade is at the UK and US opens. Both indis have to be green, and you need to be trading the opens... That will satisfy the rules.

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #194
  • Oct 28, 2009 11:54pm Oct 28, 2009 11:54pm
"you need to be trading the opens..."
can you explain futher i don't understand

so can i trade jpy cross pair in tokyo market open that is 0.00 GMT??
i think Tokyo open time is quite high momemtum to jpy cross pair right??
  • #195
  • Oct 29, 2009 12:15am Oct 29, 2009 12:15am
"Respecting the daily trading range or being aware of the range is important for any intraday trading method. There are lots of excellent posts on the forum and plenty articles/ contributions about ADR. On the other thread, it was discussed in numerous posts....it is on the checklist...

I use xADR which gives me all the information I require.

I use the settings from 60 15 5 for 240 15 5 and just double up as a guideline, or use ATR (20) on 240M as a stop value."

this is post by Glen, but i still confuse with the ATR (20) thing ???can anybody explain it??
and the "don`t trade at long at the top or short at the bottom if the daily range is within 70-80% of the 5/10 day average?????"
we not need to calculate it right , it only need to see the xADR is show two green and it will be a valid signal .
  • #196
  • Oct 29, 2009 3:03am Oct 29, 2009 3:03am
I got this Indicator from this Thread, but I don't know how to add another time zone. The Indicator has Asian-Europe and Europe-US markets. But I want to add Asian-Australian opening time zone 22:00-2:00 GMT. Could someone with programming skill add one more time zone?
Attached File(s)
File Type: mq4 C4_FocusTime.mq4   5 KB | 272 downloads
  • #197
  • Oct 29, 2009 3:27am Oct 29, 2009 3:27am
GBPJPY

60 15 5

Results : 25 + 12 + 12 = 49
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy29.10.gif Size: 21 KB
  • #198
  • Oct 29, 2009 3:30am Oct 29, 2009 3:30am
EURJPY

60 15 5

Results : 15 + 11 + 11 = 37
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy29.10.gif Size: 20 KB
  • #199
  • Edited 7:32pm Oct 29, 2009 4:10am | Edited 7:32pm
Quoting weisiong00
i have some question now
Q1 i saw you have enter the nzdchf for two trade at the same price ,wow is very risky right??
Q2.)the usdcad trade it should be enter at 7.45 GMT right at that time the three block already same color ,why you enter the trade at 9.10 GMT??is't too late??

Answer to Q1. If you cannot see what I have done....... you have not read /not understand my previous posts. It is too early for you to understand at this stage. I am not prepared to explain yet to you. Later in your journey you will understand automatically. My trade is taken with full thought of good MM Priniciples. Very conservative risk.Please start your trading from step one and leave step 10 alone till you get there.
I strongly suggest: read babypips website link given in manual

Answer to Q2. YOu have again not read my previous posts as to how I am trading.

I strongly suggest : DEMO trade first, your own trading plan (not someone elses) taking the essence of the system from the manual.

WHAT IS trading plan....PLEASE google "TRADING PLAN" and see what it says.Write you rown before asking others about their trades.

Google" BEST TIME TO TRADE USDCAD"

Google "ATR" learn the meaning of ATR.
google "Daily range" and its significance

There are many good sites to learn what you do not understand.
I cannot help answer each question, as you have to trade the rules and see for yourself what it all means.

Trading by rules stacks probability of a sucessful trade... not black and white...if I do a,b,c,d.... then I will be guaranteed a WIN... etc.

Many thanks for your consideration.

I cannot help you anymore.... I have given guidelines for you to explore .
  • #200
  • Oct 29, 2009 4:16am Oct 29, 2009 4:16am
Quoting ForexHunter
I got this Indicator from this Thread, but I don't know how to add another time zone. The Indicator has Asian-Europe and Europe-US markets. But I want to add Asian-Australian opening time zone 22:00-2:00 GMT. Could someone with programming skill add one more time zone?
There is the i-paramonWorkTime indicator in the mandatory indicator group which I use. Again the way it is programmed is for two sessions.

Perhaps.... I have not tried it.... add to chart a second time and put the third trading session time you want to trade and see if it works.

Other than that....

Google : some key names like....SESSION TIME INDICATOR and see what you find.

If anything you do find to help others.... please post.

Thanks
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