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Forexgrail excel indicator

  • #241
  • Dec 9, 2009 5:45am Dec 9, 2009 5:45am
Quoting Chris_B
Sell signal on USDJPY some minutes ago...I'm in and up 10 pips for now..

Sl 30 pips

TP 60 pips

I will move my stop to breakeven at 30 pips gain
Hi Chris,

don't want to teach grandmothers how to suck eggs but instead of playing with s/losses i would suggest you put monthly, weekly and daily pivot points in your charts and use them as support and resistance
i went in to US/JP 5pm yesterday at 88.41 and placed my s/loss at 89.03 just above my WP and above psycho round number 89 and had my TP at MP at 87.50 which i hit today as the price was boxed in between monthly and week pivot
also try some MA's of 20exp & 50sma and use them also as support and res

hope it helps

Paul B
  • #242
  • Dec 9, 2009 5:46am Dec 9, 2009 5:46am
Quoting harigp
J was struggling to move above 7 from yesterday onwards

GO LONG IN GJ when the bid raio comes down
Hi Harigp

What do you think is the best bid ratio for longs and shorts if you can do that for each pair

Paul B
  • #243
  • Dec 9, 2009 5:51am Dec 9, 2009 5:51am
Difficult to say but if the marketing is trending up 50% could be an ideal place and for short i use M 2 CHART and try to short when it reaches 25% and grab some pip
  • #244
  • Dec 9, 2009 6:06am Dec 9, 2009 6:06am
Anyone here using Excel 2007 with Vista?

I was successfully using this at work yesterday on WinXP and Excel 2003, but here at home it doesn't work with Vista/Excel 2007.

I'm sure that DDE is enabled on MetaTrader. When I click the radio button in Excel to enable content, Excel just becomes completely unresponsive.
You are in a maze of twisty little passages, all alike.
  • #245
  • Dec 9, 2009 6:32am Dec 9, 2009 6:32am
Quoting pbalfe@tisca
Hi Chris,

don't want to teach grandmothers how to suck eggs but instead of playing with s/losses i would suggest you put monthly, weekly and daily pivot points in your charts and use them as support and resistance
i went in to US/JP 5pm yesterday at 88.41 and placed my s/loss at 89.03 just above my WP and above psycho round number 89 and had my TP at MP at 87.50 which i hit today as the price was boxed in between monthly and week pivot
also try some MA's of 20exp & 50sma and use them also as support and res

hope it helps

Paul B
Yes...good advice!!

I was thinking to watch the strong levels on the chart to set TP and SL...
I'm also noticing that the best buy/sell signals appear after London open and after NY open...the others are not so reliable from my first tests..
Market is like a puzzle, YOU have to fit the pieces!!
  • #246
  • Dec 9, 2009 6:47am Dec 9, 2009 6:47am
Quoting stevegee58
Anyone here using Excel 2007 with Vista?

I was successfully using this at work yesterday on WinXP and Excel 2003, but here at home it doesn't work with Vista/Excel 2007.

I'm sure that DDE is enabled on MetaTrader. When I click the radio button in Excel to enable content, Excel just becomes completely unresponsive.
Check your firewall...or Virus protection software...Thats what I did.
  • #247
  • Dec 9, 2009 7:05am Dec 9, 2009 7:05am
gj moved to 52 % from 75% bid ratio and since the oveall trend is bullish by looking at the excel sheet where j is around 4.3

I took the retracement to go long and grabbed 50 pip chart used is M 2
  • #248
  • Dec 9, 2009 7:21am Dec 9, 2009 7:21am
Finally i can get the excel file operating. Uninstall my Excel 2007 and installed XP Office Professional and got it working.
Just banked a quick 20pips in GBP/CHF long before it reversed violently.
Thanks Harigp. Saya hari hari mahu pips (I want pips everday.)
Attached Image (click to enlarge)
Click to Enlarge Name: FX4caster1.jpg Size: 174 KB
Pivot Boss in the making~
  • #249
  • Dec 9, 2009 7:24am Dec 9, 2009 7:24am
jurn_e

I Can see an addtional indicator in your picture what is that
  • #250
  • Dec 9, 2009 7:30am Dec 9, 2009 7:30am
Quoting harigp
jurn_e

I Can see an addtional indicator in your picture what is that

Its basically the same thing as the excel file. Its FX4caster, its a commercial product. I don't think i can post commercial stuff here. But if u want the download link, PM me Harigp.
Pivot Boss in the making~
  • #251
  • Dec 9, 2009 8:11am Dec 9, 2009 8:11am
Stopped out also on AUDUSD -30 pips....

when USA futures come out...all values change...dangerous to be in a trade at that moment..
Market is like a puzzle, YOU have to fit the pieces!!
  • #252
  • Dec 9, 2009 8:19am Dec 9, 2009 8:19am
As far as currency strength readings are concerned, I'm not seeing anything to trade right now.
You are in a maze of twisty little passages, all alike.
  • #253
  • Dec 9, 2009 8:36am Dec 9, 2009 8:36am
Yup , the strength are all even out. No dominant winner atm.
Pivot Boss in the making~
  • #254
  • Dec 9, 2009 9:25am Dec 9, 2009 9:25am
Will you please post your indicator
thank you

Quoting doshur
i made my own indicator with the same excel calculation
bad point is IT CONSUME 200MB MEMORY for this indicator alone!
  • #255
  • Dec 9, 2009 9:25am Dec 9, 2009 9:25am
Can someone please let me know if I'm understanding the bid ratio correct.

My understanding is when the bid ratio is high I should be looking for selling opportunities and when the bid ratio is low, I should be looking for buying opportunities.

Is that correct or do I have it backwards?

Also, does anybody have a system, with defined rules that they are trading that the excel spreadsheet has complimented well or are all the trades being talked about just people jumping in and out of the market when the strenght indicator goes above or below a certain percentage?
  • #256
  • Dec 9, 2009 9:54am Dec 9, 2009 9:54am
Siuol

May be I am wrong but still I will tell you what i know

We have to find out the market direction of the currency of your choice on a particular day sometimes you may know this in an hour or some times several hours. Suppose you have the gut feel of the market then you can play with the bid ratio/ retracments by using the support and resistence tools and make some pip

The high and lows keep changing inthe excel sheet and the maximum is 100% and minimum is 0%. I also thought intiallly when the bid ratio is 100% you short it it may not work always becuase the market will go for another high or another low
  • #257
  • Dec 9, 2009 10:05am Dec 9, 2009 10:05am
Thank you for sharing what you know. I appreciate it. I think this spreadsheet is a nice touch and can add nice pips.

I attached the link to a indicator that is exactly like this but it is not an excel spreadsheet. I like this one better than the one I have because it does not interfere with my Oanda platform like the last one did.

This morning Jurn_E was kind enough to share a link with me for the FX Caster indicator so I will be diving more into that later.

I think that this thread is a nice switch up from the usual arguing and fighting that goes on back and forth.

I don't think it has been tested here yet but I'm going to use the excel sheet (I will switch to the FX Caster Strength Indicator once I have learned it, if it adds more benefits than the excel spreadsheet) in conjunction with P&F (Point & Figure). I like to keep my trading very simple so I think I will see if P&F in combination with the strength meter will be beneficial or not.

Quoting harigp
Siuol

May be I am wrong but still I will tell you what i know

We have to find out the market direction of the currency of your choice on a particular day sometimes you may know this in an hour or some times several hours. Suppose you have the gut feel of the market then you can play with the bid ratio/ retracments by using the support and resistence tools and make some pip

The high and lows keep changing inthe excel sheet and the maximum is 100% and minimum is 0%. I also thought intiallly when the bid ratio is 100% you short it it may...
  • #258
  • Dec 9, 2009 10:41am Dec 9, 2009 10:41am
Quoting toddanderson
Will you please post your indicator
thank you
This is just an advert from someone with verbal diarrhoea
  • #259
  • Dec 9, 2009 10:53am Dec 9, 2009 10:53am
Quoting Koyco
This is just an advert from someone with verbal diarrhoea
that's not nice, back up your proof before you accuse anybody please

Paul B
  • #260
  • Dec 9, 2009 11:03am Dec 9, 2009 11:03am
Quoting Siuol

Also, does anybody have a system, with defined rules that they are trading that the excel spreadsheet has complimented well or are all the trades being talked about just people jumping in and out of the market when the strenght indicator goes above or below a certain percentage?


HI


i will test a system based on trend following wich allready produce nice calls
.. i wil see if the forexgrail wil push its performance further.
i will post results and waht i testet in a new thread .. on friday..


take care


cheerz
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