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  • #201
  • Oct 29, 2009 4:31am Oct 29, 2009 4:31am
Quoting lrathi
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
I go it. I add the EA and change the time. Thanks.
  • #202
  • Oct 29, 2009 5:31am Oct 29, 2009 5:31am
Hi
Thanks Paidperpip and Lrathi for your replies.I will try your suggestions.
Regards
  • #203
  • Oct 29, 2009 7:54am Oct 29, 2009 7:54am
Quoting weisiong00
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 ??
Hello weisiong00,

Because we traders are all individuals it is unrealistic to expect one set of rules, however good they may be, to produce the same results for everyone, some people are cautious and wait for a little bit more confirmation, some are more aggressive (impatient?) and steam in at the mere hint of a set-up while the more disciplined are able to trade less emotionally.

The actual hard stop used will vary depending on the pair being traded, the time of day, the closeness to important news releases, the proximity of support/resistance/round numbers, which broker is used etc; and, most importantly, the trading style of the individual trader.

The above can only be learned from personal experience gained by watching the price action during one's own trading sessions and until one feels sufficiently confident to make one's own trading decisions I would suggest applying the numbers given in the manual.
TTFN Merlyn
  • #204
  • Oct 29, 2009 6:40pm Oct 29, 2009 6:40pm
Same account from post #84.

Statement today is attached.

Profit is $847.71 or 28.3%

Does the system work????

So far from $3000.00 & 9 trading days ago the account is $5471.89.
Doing the maths....
($2471.89/$3000.00)x100=82.4% Profit.

2% of account on each trade.

Have I had losses.... Of course! Were these losses preventable? YES

It was trader's mistakes, learning, etc.

After two weeks of trading this trading plan.... IS it sufficient to go LIVE.... IMO the answer is NO.
WHY? Takes 3-4 weeks for a new habit to form for the human brain to form new neuron pathways.

Conclusion: The system works
Planning to still demo trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 29_10_2009 trades.gif Size: 33 KB
  • #205
  • Oct 29, 2009 11:15pm Oct 29, 2009 11:15pm
GBPJPY

60 15 5

Results : 25 + 26 + 26 = 77
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy29.10.gif Size: 22 KB
  • #206
  • Oct 29, 2009 11:21pm Oct 29, 2009 11:21pm
EURJPY

60 15 5

Results : 15 + 0 + 0 = 15

Results : -13 - 13 - 13 = (-)39
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy29.10.gif Size: 21 KB
  • #207
  • Oct 29, 2009 11:25pm Oct 29, 2009 11:25pm
GBPUSD

60 15 5

Results : 20 + 40 + 21 = 81
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd29.10.gif Size: 23 KB
  • #208
  • Oct 30, 2009 1:19am Oct 30, 2009 1:19am
Quoting Trader7
GBPUSD

60 15 5

Results : 20 + 40 + 21 = 81
What moving average values are you using?
  • #209
  • Oct 30, 2009 6:53am Oct 30, 2009 6:53am
Hi Glen,

Could you please contact me via PM or Email?

Neither Private Message nor Email is active on your account

Thanks very much.

PipPicker
  • #210
  • Oct 30, 2009 10:17am Oct 30, 2009 10:17am
Does anybody have the MQ4 file for the MTF trix meter 1.1d?
  • #211
  • Oct 30, 2009 11:13am Oct 30, 2009 11:13am
Quoting ForexHunter
What moving average values are you using?



EMA : 15, 30, 63, 150

SMA : 105

These are an adaptation of MA's used on another thread thanks to eohater moderator of "Trade what you see NOT what you expect" (Trading Journals)
  • #212
  • Oct 30, 2009 9:30pm Oct 30, 2009 9:30pm
Quoting drago24
Does anybody have the MQ4 file for the MTF trix meter 1.1d?
Not to my knowledge, it has not been posted on any thread.
  • #213
  • Nov 1, 2009 1:41am Nov 1, 2009 1:41am
Please consider this OPTIONAL. Using the TRIX indicator, I look for Bullish/Bearish Divergence as a leading indicator for TREND REVERSAL.
I find triple DIvegence as an ALERT ONLY! (MUST WAIT FOR CONFIRMATION) very powerful aspect of the same indicator. Thus I always have it on my charts.

Follow up from my previous post:
http://www.forexfactory.com/showpost...3&postcount=68

I have attached current USDCAD chart. 600+ pips so far.

This is for demostration purposes only!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad h4_bullish divergence.gif Size: 24 KB
Click to Enlarge Name: usdcad h4_bullish divergence_followup.gif Size: 47 KB
Click to Enlarge Name: usdcad d1_bullish divergence_followup.gif Size: 44 KB
  • #214
  • Nov 1, 2009 5:08pm Nov 1, 2009 5:08pm
Quoting Trader7
EMA : 15, 30, 63, 150

SMA : 105

These are an adaptation of MA's used on another thread thanks to eohater moderator of "Trade what you see NOT what you expect" (Trading Journals)

I read through "Trade what you see Not what you expect" thread, it's very interesting. Purely on moving averages. But those EMAs and SMAs aren't from them. I like to use their 15M, 1H, 4H and Daily suggestions just to improve Trix Meter system. I'll try on Demo until the end of the year.
  • #215
  • Nov 1, 2009 9:41pm Nov 1, 2009 9:41pm
EURJPY

60 15 5

Results : 15 + 30 + 38 = 83
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy30.10(1).gif Size: 23 KB
  • #216
  • Nov 1, 2009 9:44pm Nov 1, 2009 9:44pm
EURJPY

60 15 5

Results : 15 + 30 + 3 = 48
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy30.10(2).gif Size: 22 KB
  • #217
  • Nov 1, 2009 9:52pm Nov 1, 2009 9:52pm
GBPUSD

60 15 5

Results : -30 - 30 - 30 = (-)90

This trade was high risk as the highest MA (green) was almost horizontal. This kind of laidback situation is a trap.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd30.10.gif Size: 22 KB
  • #218
  • Nov 1, 2009 9:56pm Nov 1, 2009 9:56pm
GBPJPY

60 15 5

Results : 25 + 50 + 4 = 79
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy30.10.gif Size: 23 KB
  • #219
  • Nov 1, 2009 10:01pm Nov 1, 2009 10:01pm
Quoting ForexHunter
I read through "Trade what you see Not what you expect" thread, it's very interesting. Purely on moving averages. But those EMAs and SMAs aren't from them. I like to use their 15M, 1H, 4H and Daily suggestions just to improve Trix Meter system. I'll try on Demo until the end of the year.


Happy profitable trading with the added knowledge.
  • #220
  • Nov 1, 2009 11:17pm Nov 1, 2009 11:17pm
how can i create a template for my own ??http://cdn.forexfactory.com/images/icons/icon5.gif
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