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Trade the Slope System

  • #361
  • Mar 17, 2009 9:28pm Mar 17, 2009 9:28pm
Quoting goodbadmas
hey Tcmm,
can you post all the rules with your new system with the template that you just posted ? i am looking at it as i am typing this .. also if any other indicators we need ..

that will help us out a lot..

Thanks,
Goodbadmas
What a New Thread maybe??
My Email For Help: [email protected]
  • #362
  • Mar 18, 2009 10:56am Mar 18, 2009 10:56am
Quoting tcmm
What a New Thread maybe??
sure why not ?
may help a lot of other people i guess !!

goodbadmas
  • #363
  • Mar 20, 2009 6:30am Mar 20, 2009 6:30am
Quoting tcmm
If you want you can trade off a timeframe but always make sure you check 2 lower frames IE: -Monthly is Trade Chart-Check Weekly and Daily.Make sure Slopes are same coluor.
Weekly is Trade Chart-Check Daily and 4Hour
Daily is trade Chart-Check 4Hour and 1 hour
And so on.
But the method is better on Daily less time on computer and more steady pips

What is the setting of the slope direction line when checking the two lower time frames?
ie 80 or 12?
Thanks
  • #364
  • Edited 9:58am Mar 20, 2009 9:08am | Edited 9:58am
Quoting aelimian
What is the setting of the slope direction line when checking the two lower time frames?
ie 80 or 12?
Thanks
The Same Thanks

Here are My Trades I am in CHF/JPY and GBP/CHF on Dailys only Can confirm with 4hr and 1hr. Look at Charts When the Slopes are the same You go in

Have Just Exited 1/2 on the CHF/JPY Went at 84.05 2 lots took one lot out at 84.99 for 94 pips left in 1 lot put stop at break even at 84.05 and let it run.
My Email For Help: [email protected]
  • #365
  • Mar 20, 2009 10:07am Mar 20, 2009 10:07am
On these trades the CHF/JPY I went in late should of went in at 83.45 when the slopes were the same colour up and you can cofirm with 4hr and 1hr that they are the same colour.
Keep in mind too that when the 80 slope shows main trend and the 12 slope retraces and then when the 12 slope is the same colour its good to go in.

SELL THE RALLIES IN A DOWNTREND
BUY THE DIPS IN A UPTREND
My Email For Help: [email protected]
  • #366
  • Mar 20, 2009 10:26am Mar 20, 2009 10:26am
Here is a picture of the Setups
Attached Image (click to enlarge)
Click to Enlarge Name: 1000.gif Size: 54 KB
My Email For Help: [email protected]
  • #367
  • Mar 20, 2009 10:33am Mar 20, 2009 10:33am
The best way to trade is to get in as soon as you get the signal, any delays may be too late.
  • #368
  • Mar 20, 2009 10:35am Mar 20, 2009 10:35am
Quoting et_phonehome_2
The best way to trade is to get in as soon as you get the signal, any delays may be too late.
You can check the 4hr and 1hr to confirm.
My Email For Help: [email protected]
  • #369
  • Mar 20, 2009 10:39am Mar 20, 2009 10:39am
FXDD would be good to use no sunday candle.
MB Trading is coming out with a Metatrader Plate form soon that will be Powerful.
My Email For Help: [email protected]
  • #370
  • Mar 20, 2009 10:46am Mar 20, 2009 10:46am
If you look at the USD/CAD and CHF/USD Dailies they are set, But because of the long candles I did not go in.
Thats just me.
My Email For Help: [email protected]
  • #371
  • Apr 24, 2009 10:03pm Apr 24, 2009 10:03pm
hi great indicator
My Email For Help: [email protected]
  • #372
  • Sep 2, 2009 2:12am Sep 2, 2009 2:12am
Hello,

Downloaded the alert indicator in post 87, but the sound alert is not coming up. Setting for sound on is 1.

Any help?

Holger
  • #373
  • Sep 11, 2009 12:43am Sep 11, 2009 12:43am
Quoting SXMTrader
Hello,

Downloaded the alert indicator in post 87, but the sound alert is not coming up. Setting for sound on is 1.

Any help?

Holger


Try this
Attached File(s)
File Type: ex4 HMA4.ex4   10 KB | 726 downloads
File Type: mq4 HMA4.mq4   7 KB | 835 downloads
  • #374
  • Dec 10, 2009 9:38pm Dec 10, 2009 9:38pm
May i know the indicator in first page and post #87, which one is more accurate?
Is 20-period indicator more stable compared to 80-period?
  • #375
  • Dec 14, 2009 3:06am Dec 14, 2009 3:06am
Quoting Ronald Raygun
All of my EAs manage one trade at a time. So, there's nothing to worry about with regard to managing multiple trades. If you want multiple trades managed, then you need multiple EAs.

Hi Ronald,

1. You mentioned that V1 was a complete stop and reverse EA. Does this applies to V3?

2. If i want the EA to buy or sell on M15 (base on H1), are my settings correct as follows:
attach the EA to M15 chart
EachTickMode=False
Base = 60
Secondary = 30
Tertiary = 15
ExitOnPrimary = True
ExitOnSecondary = True
ExitOnTertiary = True
My aim is to have multiple open and close orders in M15 in compliance with H1

3. Current stop loss is a fixed stop loss system. Do you think you are able to come out with a version where you can select the mode of stop loss as follows:
Fixed Stop Loss (currently on EA)
Or
For Sell, Stop Loss at last Swing High + 1pip + Spread
For Buy, Stop Loss at last Swing Low - 1 pip
Both subject to parameter set in Fixed Stop Loss

Thanks.
福 子 Victor V
  • #376
  • Dec 14, 2009 3:08am Dec 14, 2009 3:08am
Quoting cphcphcph
May i know the indicator in first page and post #87, which one is more accurate?
Is 20-period indicator more stable compared to 80-period?
Both of them work for me. As for the settings, i use 15,3,0 for EU, GU, EJ & GJ.

Hope it helps.

福 子 Victor V
  • #377
  • Dec 30, 2009 10:27am Dec 30, 2009 10:27am
I would like to thank everybody who contributed to this system as well as ematrader who introduced it. Such a pity I only discovered it the day before yesterday (sort of a Christmas present). After checking it out for 2 days all I can say is WOW. Such a simple system but powerful system! I wish all of you a prosperous New Year and may the Lord also be your shepherd.
  • #378
  • Dec 31, 2009 6:49am Dec 31, 2009 6:49am
Quoting Lenoxer
Dear Ptournis,

I'd be most interested to hear about what you find works and doesn't work with this system. Thanks very much. Who else is using this method out there, what are your experiences, and how can it be improved?

Lenoxer
Does this look better? put stops 5 pips above/below s/r lines and let it ride.YEEEEEhaa
Attached Image (click to enlarge)
Click to Enlarge Name: mt4.gif Size: 19 KB
  • #379
  • Dec 31, 2009 7:01am Dec 31, 2009 7:01am
Hi Guys ,great thread enjoying reading each post .The simplist methods are the best and what could be more simple.I have just found this thread and mixing it with a little with Danuk's thread put stops above/below s/r lines and move stop down every 100 pips on 4hr chart.So if price at say 1.4600 and we are short, stop at 1.4700 letting the market breath.
Podge
  • #380
  • Jan 6, 2010 3:08am Jan 6, 2010 3:08am
Quoting podgy
Does this look better? put stops 5 pips above/below s/r lines and let it ride.YEEEEEhaa
Hi, By lack of a better exit strategy I am using the S/R levels as exits for the 5 minute chart. Anybody daytrading this system? For the last couple of days I am trading it, I think this is as close to the holy grail as possible. Of course the real holy grail is to take one system and master it. The entry rules are very simple, now to define exit rules.

So any ideas anybody?
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