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50 pips candle system

  • #61
  • Nov 11, 2009 5:13am Nov 11, 2009 5:13am
any one can help me how to trade the 50 pips using any platform that i can draw the 50 pip charts......

it looks a great method to trade with but i need to know how to draw the 50 pip chrat.

good luck....
  • #62
  • Nov 11, 2009 6:38am Nov 11, 2009 6:38am
Here's an indicator that can be set to a 50 pip spacing.
Attached File(s)
File Type: mq4 SweetSpotsGOLD.mq4   4 KB | 1,187 downloads
  • #63
  • Nov 11, 2009 6:53am Nov 11, 2009 6:53am
Zebulon, trust me, it depends where you start counting... This month 0 pips and last month +250 pips... Those results differs so much of yours...
  • #64
  • Nov 11, 2009 7:22am Nov 11, 2009 7:22am
Quoting lcfxtrader
Here's an indicator that can be set to a 50 pip spacing.
how can i use this ....?

how to update it ?
  • #65
  • Nov 11, 2009 10:06am Nov 11, 2009 10:06am
Quoting jgadefelth
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
I think the best price to enter is round number because round number = big levels.: 1,6600 1,6550 etc...
  • #66
  • Nov 11, 2009 10:09am Nov 11, 2009 10:09am
Quoting fadi66
any one can help me how to trade the 50 pips using any platform that i can draw the 50 pip charts......

it looks a great method to trade with but i need to know how to draw the 50 pip chrat.

good luck....
You can't believe it but it's true, i take a pen and when the price is going from 1,6600 to 1,6650 i draw a candle.. So simple
  • #67
  • Nov 11, 2009 10:09am Nov 11, 2009 10:09am
Quoting zebulon
I think the best price to enter is round number because round number = big levels.: 1,6600 1,6550 etc...

can u help me plz how to draw the 50 pip charts
  • #68
  • Nov 11, 2009 5:00pm Nov 11, 2009 5:00pm
I have little modified the indicator posted here by marc.newlin PriceActionTrend so now it doesn't reinit on week open and plots right when TF is changed.

The difficult of this system is when to start it...


Lubo.

P.s I set the indicator to 500 pips for 5 digit Brokers.
Attached File(s)
File Type: mq4 PriceChangeChart.mq4   2 KB | 1,003 downloads
If I know how, I tell You!! Few but Good!!
  • #69
  • Nov 12, 2009 1:09am Nov 12, 2009 1:09am
novembre updated. total = 250 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 09-11-12 07 52 19.jpg Size: 51 KB
  • #70
  • Nov 12, 2009 1:50am Nov 12, 2009 1:50am
Hello
How are you trading in sleeping time? price can change 100 and more pips?
  • #71
  • Nov 12, 2009 4:43am Nov 12, 2009 4:43am
Quoting LT man
Hello
How are you trading in sleeping time? price can change 100 and more pips?
I place orders in advance. But sometimes i miss some movements...
  • #72
  • Nov 12, 2009 7:59am Nov 12, 2009 7:59am
Why don't you use Renko charts if you just want to see 50 pip moves?
  • #73
  • Nov 12, 2009 9:19am Nov 12, 2009 9:19am
Quoting ozziedave
Why don't you use Renko charts if you just want to see 50 pip moves?
Because with renko, you need 100 pips down to have a candle.
So you can't see the range (the row) with it.
If the price goes from 1,6550 to 1,6600 and from 1,6600 to 1,6550 and again from 1,6550 to 1,660, you won't see it with renko...
  • #74
  • Nov 12, 2009 9:47am Nov 12, 2009 9:47am
So if you made the size of your blocks 25 wouldn't it do the same thing?
  • #75
  • Nov 12, 2009 10:15am Nov 12, 2009 10:15am
Quoting willmalou
So if you made the size of your blocks 25 wouldn't it do the same thing?
Maybe, i don't know renko very well. My system is easy and good for me
  • #76
  • Nov 12, 2009 12:23pm Nov 12, 2009 12:23pm
Quoting zebulon
Because with renko, you need 100 pips down to have a candle.
So you can't see the range (the row) with it.
If the price goes from 1,6550 to 1,6600 and from 1,6600 to 1,6550 and again from 1,6550 to 1,660, you won't see it with renko...
This is true renko is different coz is a reverse like chart.

Quoting willmalou
So if you made the size of your blocks 25 wouldn't it do the same thing?
If u use 25 pips renko u have the trend bar every 25 pips and reverse every 50 pips, maybe little confused to follow with zebuleon strategy.

This is 50 and 25 pips renko charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6B 12-09 12_11_2009 (Renko 50 ).jpg Size: 85 KB
Click to Enlarge Name: 6B 12-09 12_11_2009 (Renko 25 ).jpg Size: 79 KB
If I know how, I tell You!! Few but Good!!
  • #77
  • Nov 12, 2009 2:37pm Nov 12, 2009 2:37pm
Quoting zebulon
novembre updated. total = 250 pips
Zebulon,
Do you have your results for Oct, Sep, and Aug???

If so can see them?

Thanks for sharing your strategy.
  • #78
  • Nov 12, 2009 2:45pm Nov 12, 2009 2:45pm
Quoting LuboLabo
This is true renko is different coz is a reverse like chart.



If u use 25 pips renko u have the trend bar every 25 pips and reverse every 50 pips, maybe little confused to follow with zebuleon strategy.

This is 50 and 25 pips renko charts.

hi man how r u i would be pleased if u can tell me how to use the renko ????

its my first time that i have heard about it .....

it look great ...i need a method to draw the 25 or teh 50 pips so if the renko can be a good way to use i will be very happy if u will help me with that.....
thanks and good luck.....
  • #79
  • Nov 12, 2009 8:48pm Nov 12, 2009 8:48pm
Sorry for my English. Interested in this tactic and made this simple indicator. It should be applied to the chart Renko box size equal to 25 pips, if you want to get a candle of 50 pips.

http://s16.radikal.ru/i190/0911/2d/ef0e09294342t.jpg
Attached File(s)
File Type: mq4 50 pipsov_v1a.mq4   3 KB | 1,019 downloads
  • #80
  • Nov 12, 2009 9:29pm Nov 12, 2009 9:29pm
This is looking really really promising. Now if we can think up a way to have it automate so we don't stare all day at the screen we may have a winner. See attached. The issue is whether the indicator "pricechangechart" catches the 50pips as soon as it happens or at the bar close. If it catches it at the point (50 pips) we can take the 50-spread for profit. If at bar close, then go for the distance.

Can anyone do this.

JMS
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 18 KB
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