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50 pips candle system

  • #41
  • Nov 10, 2009 6:52am Nov 10, 2009 6:52am
is there an ea for this ?
  • #42
  • Nov 10, 2009 8:28am Nov 10, 2009 8:28am
Ok thanks very much bro i will try on the demo and will reply the results.......again thanks and good luck.
  • #43
  • Nov 10, 2009 9:12am Nov 10, 2009 9:12am
Quoting zebulon
I didn't try it on GBP/JPY. Maybe it works. But we need big movements or adjust de tp or sl (you're right)
thx bro for the reply.
Is there any latest chart for GU or GJ you draw? So that i can follow your chart draw at my screen
  • #44
  • Nov 10, 2009 11:45am Nov 10, 2009 11:45am
An EA would be very easy to do, but I don´t know mq4 language. But it is quite and simple.

What I am doing is just to draw lines in 50 pips range where the price is, and puting sell or buy orders depending of what could happend.

Take a look
Attached Image (click to enlarge)
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  • #45
  • Nov 10, 2009 12:29pm Nov 10, 2009 12:29pm
I put together a quick MT4 indicator which will draw the 50 pip candles on a chart. There is a single parameter, CandleSize, which defines the movement size in pips for each "candle," defaulted to 50 pips.

It uses the week's opening bar as the initial price. For the week's opening candle, it uses the first candle at 12:00am Monday. For FXDD, this is the first candle of a given week, but you may need to adjust it per your broker's time zone.

http://imgur.com/yYdOn.png
Attached File(s)
File Type: mq4 PriceActionTrend.mq4   2 KB | 1,426 downloads
  • #46
  • Nov 10, 2009 1:00pm Nov 10, 2009 1:00pm
Quoting special0nefx
thx bro for the reply.
Is there any latest chart for GU or GJ you draw? So that i can follow your chart draw at my screen
Sorry i have nothing yet for GJ
  • #47
  • Nov 10, 2009 2:30pm Nov 10, 2009 2:30pm
3 more candles but no change : 250 pips for november
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  • #48
  • Nov 10, 2009 2:46pm Nov 10, 2009 2:46pm
Quoting marc.newlin
I put together a quick MT4 indicator which will draw the 50 pip candles on a chart. There is a single parameter, CandleSize, which defines the movement size in pips for each "candle," defaulted to 50 pips.
Thank you for the indicator, I will try to create an expert.
I will let you know.
  • #49
  • Nov 10, 2009 3:04pm Nov 10, 2009 3:04pm
Thank you for your contribution and your work, i 'm happy that an ea could help us soon
  • #50
  • Nov 10, 2009 6:43pm Nov 10, 2009 6:43pm
if you take a look, you can see I´ve got diferent 50 range candles as you
Attached Image (click to enlarge)
Click to Enlarge Name: Dibujo.JPG Size: 103 KB
  • #51
  • Nov 10, 2009 7:08pm Nov 10, 2009 7:08pm
Quoting marc.newlin
I put together a quick MT4 indicator which will draw the 50 pip candles on a chart. There is a single parameter, CandleSize, which defines the movement size in pips for each "candle," defaulted to 50 pips.

It uses the week's opening bar as the initial price. For the week's opening candle, it uses the first candle at 12:00am Monday. For FXDD, this is the first candle of a given week, but you may need to adjust it per your broker's time zone.

http://imgur.com/yYdOn.png
Hi, i tried ur indicator but mine looks different from yours. I am using IBFX. Thanks... please see attached.
Attached Image (click to enlarge)
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  • #52
  • Nov 10, 2009 7:20pm Nov 10, 2009 7:20pm
Quoting IllegalOps
Hi, i tried ur indicator but mine looks different from yours. I am using IBFX. Thanks... please see attached.
Put it in 15M timeframe, I had the same problem.



*Counting the orders from 1th november, I´ve got 15 won and 15 losses... I think where you start counting does affetc the results
  • #53
  • Nov 10, 2009 8:11pm Nov 10, 2009 8:11pm
Zebulon, how and where do you draw your candles to look like yours?


Quoting zebulon
3 more candles but no change : 250 pips for november
  • #54
  • Nov 11, 2009 1:52am Nov 11, 2009 1:52am
Quoting IllegalOps
Hi, i tried ur indicator but mine looks different from yours. I am using IBFX. Thanks... please see attached.

how can i draw the 50 pip chrat in the mt4 can u help me ??????
  • #55
  • Nov 11, 2009 1:52am Nov 11, 2009 1:52am
I have started this month at 1,6350 and this week, my first candle was from 1,6650 to 1,6700. All the candles start at a price which is multiple of 50 (round prices = big levels).

To draw the candles, the TF may be important : if TF = 30 min or 15 min, you can have several 50 pips movements up and down in 1 candle that you can't see (especially during the news). My next order is always placed, so it is activated if the price is touched.
Sometimes during the news, i change the TF to 1 min to see all the movements.
  • #56
  • Nov 11, 2009 3:18am Nov 11, 2009 3:18am
Shall it really come down to what starting point he started at then the system dont work it is just luck.


best regards
  • #57
  • Nov 11, 2009 3:46am Nov 11, 2009 3:46am
Quoting zebulon
I have started this month at 1,6350 and this week, my first candle was from 1,6650 to 1,6700. All the candles start at a price which is multiple of 50 (round prices = big levels).

To draw the candles, the TF may be important : if TF = 30 min or 15 min, you can have several 50 pips movements up and down in 1 candle that you can't see (especially during the news). My next order is always placed, so it is activated if the price is touched.
Sometimes during the news, i change the TF to 1 min to see all the movements.

hi thanks for all replyes .....i just need to know how to draw the 50 pips in the meta trader 4 , and the price that i need to start taking the 50 pip then??????

u started on the 1.6350 this month ok , and this week u strated with 1.6650(i mean ur first candel)....so how i need to know when to start ???

thanks and dont forget me in how to draw the 50 pip chart in the metar trader platform....

have a nice day , fadi safieh.http://cdn.forexfactory.com/images/icons/icon14.gif
  • #58
  • Nov 11, 2009 4:09am Nov 11, 2009 4:09am
Quoting fadi66
hi thanks for all replyes .....i just need to know how to draw the 50 pips in the meta trader 4 , and the price that i need to start taking the 50 pip then??????

u started on the 1.6350 this month ok , and this week u strated with 1.6650(i mean ur first candel)....so how i need to know when to start ???

thanks and dont forget me in how to draw the 50 pip chart in the metar trader platform....

have a nice day , fadi safieh.http://cdn.forexfactory.com/images/icons/icon14.gif
Sorry but i don't use MT4, i trade manually...
  • #59
  • Nov 11, 2009 4:14am Nov 11, 2009 4:14am
Quoting jgadefelth
Shall it really come down to what starting point he started at then the system dont work it is just luck.


best regards
I don't think we had luck in August, sept, oct, and november....
  • #60
  • Nov 11, 2009 4:25am Nov 11, 2009 4:25am
ok how do you explain that we must have an speciefied time to enter then or it wont work ? if it will work i shall be able to start my count anywhere of course i can have a losing period but if it works i will come out a winner ?


best regards
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