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Very Profitable System - Roi system

  • #81
  • Jan 5, 2010 1:35pm Jan 5, 2010 1:35pm
tbardolph
I think it depends on the ammount of time you are away from your computer. The trade might not develop as planned and then hit your limit order on unfavorable terms or correctly executed might reverse quickly. As long as you are comfortable with your SL/TP it shouldn't be a problem. Not being able to provide minute by minute management of a trade will usually cost but not being tied to the screen may be worth the trade off.
  • #82
  • Jan 5, 2010 2:26pm Jan 5, 2010 2:26pm
Quoting fxshadow
You could use the attached indicator. Just drag the line to the price that you want to alert.

Thanks alot!! This helps tremendously. Paris
  • #83
  • Jan 5, 2010 2:28pm Jan 5, 2010 2:28pm
I would wait to go live until next week after non farm payroll day is done. All the institutional traders will be back next week. Paris
  • #84
  • Jan 5, 2010 3:40pm Jan 5, 2010 3:40pm
In my search for means of placing pending orders and changing them from the chart, I have just discovered that you can place a pending order from the chart. If you point the cursor at the desired price level on the chart and right click the mouse, you get a drop down menu. Press Trading (the top item) and you get a New order with a Buy Stop or a Sell Limit at the price you pointed at.

This gets the order on but can the order then be changed using the mouse on the chart. I am looking for a line on the chart at the pending order which can be changed by moving the line with the mouse. Can anyone help?

Thanks Karl
  • #85
  • Jan 5, 2010 7:39pm Jan 5, 2010 7:39pm
Hi Scartree, do you mind if u can show me ur settings? i have go live and hit those SL... is really a demoralising start for me.. lol

can let me know all ur settings for the indicators? thanks

Quoting scartree
KPForex - what setting have you got on #MTF SR? Your plots are indeed different to mine. I would not have taken either of these trades you show but if I had, my MM would have made my 12 pips and done! I do not use ROIF's exit but prefer to scalp 10 pips net after paying the rent!

I am not trading at present until the market gathers some steam - its all a bit quiet just now - too many people are away for the break. Maybe next week will see some better action in M15 - my preferred TF.

tbardolph - your analysis is OK as far the basic rules go and...
  • #86
  • Jan 6, 2010 12:40am Jan 6, 2010 12:40am
Hi Paris, do you get the same settings as mine?
  • #87
  • Jan 6, 2010 1:33am Jan 6, 2010 1:33am
i just tested the Price_Line_Alert.mq4 it is not working price just crosing it but no alert triggered or shown.

Reg,
Guru.
  • #88
  • Jan 6, 2010 2:05am Jan 6, 2010 2:05am
Hi KPForex

I am sorry you have started poorly using the system. I don't know how long you have been trading or studying FX but if less than 1 year, then I believe that you have gone live far too soon. Trading is not a mechanical process and there is so much to learn. The only way is practice, practice and more practice. Read everything you can and put in the hours watching the market. There is so much to learn but it is there free for the taking on this and other forums. Unfortunately there is no holy grail nor are there any short cuts despite what some unscrupulous vendors of EAs and systems will have you believe.

I am not going to explain the indis on my chart other than the ADX which I believe is a helpful addition to this system. Out of respect for ROIF who started the thread, this is not the place for introducing other systems or ideas. I want to help make this system as good as it can be and I think there are folk who have a similar goal - including perhaps the creation of an EA which I think has a good chance of being successful.

I use the settings in ROIFs posted indis and for the ADX I use a 14 period close. Other than that you have what I have.

I am sorry to have lectured you here but I hate to see people lose capital by not being patient. The market will be there tomorrow and the next day so there is no hurry to put your money on the line until you have traded the system on demo and your reactions to signals and indis are automatic. The market will survive without your money but you may not if you go in too soon.

Hope this a help - do not take it the wrong way.
Karl
  • #89
  • Jan 6, 2010 4:45am Jan 6, 2010 4:45am
hi every1, wish you all a successful 2010!

I have a ?

I use aplari uk real account.
I check this system and see a prob, if I change the chart timeframe after ~ 2 hours and back, the #MTR SR indicator show me different levels of s and r, thats mean I have to refresh the charts from time to time?

that make me confuse

cheers
  • #90
  • Jan 6, 2010 5:57am Jan 6, 2010 5:57am
Hi,
As others have noticed, the s/r indi does not refresh, you need to refresh it manually. You could use the following s/r indicators attached. The one by Kang Gun is quite good, on a m5 chart giving you s/r for higher tf's upto H4. The standard Support and Reisistance indi gives you current tf.
Hope this helps.

Pardy
Attached File(s)
File Type: mq4 Support and Resistance.mq4   2 KB | 1,365 downloads
File Type: mq4 sr_KG_Support_and_Resistance.mq4   5 KB | 1,513 downloads
  • #91
  • Jan 6, 2010 7:24am Jan 6, 2010 7:24am
Thanks.... so we need to use both the indicators? so it can be used for M15 TF? what setting do we need to indicate on the indicator for M15 TF?

Quoting Pardy
Hi,
As others have noticed, the s/r indi does not refresh, you need to refresh it manually. You could use the following s/r indicators attached. The one by Kang Gun is quite good, on a m5 chart giving you s/r for higher tf's upto H4. The standard Support and Reisistance indi gives you current tf.
Hope this helps.

Pardy
  • #92
  • Jan 6, 2010 8:19am Jan 6, 2010 8:19am
Hey guys, I have had this runing on my platform for a few days now, well its just not for me, I see a few new menbers hanging out in here, your time would be better spent guys reading about PA on this forum, there are loads of good threads this one was opened a few weeks ago and I am very impressed by its founder N2FX - 1/5/15 Minute Pattern Trades
  • #93
  • Jan 6, 2010 2:53pm Jan 6, 2010 2:53pm
Quoting rebelheart
Hey guys, I have had this runing on my platform for a few days now, well its just not for me, I see a few new menbers hanging out in here, your time would be better spent guys reading about PA on this forum, there are loads of good threads this one was opened a few weeks ago and I am very impressed by its founder N2FX - 1/5/15 Minute Pattern Trades
Hi rebelheart

this also on its own is PA. even the one you recommended is also trading the bounces between R & S watching many TF, but this one gives you the R & S in higher TF here in 15min chart.

I do this one without the arrows just the MTF RS and the blue line. I trade on 15min TF and set the MTF SR to give me the R & S on the 1HR and I use the blue line for my SL and 30 pips for my TP and I watch 5 charts.

I will simply say its been wonderful. it shows you where supply and demand is especially when the gap between the red and the blue dots is very tight.

You see clearly when support turns to resistance and vice versa

the only problem with it is that it does not refresh on its own, and this because of the different TF its showing.
John 3:16 - From THIS love no power on earth can me sever.
  • #94
  • Jan 6, 2010 6:45pm Jan 6, 2010 6:45pm
Quoting Pardy
Hi,
As others have noticed, the s/r indi does not refresh, you need to refresh it manually. You could use the following s/r indicators attached. The one by Kang Gun is quite good, on a m5 chart giving you s/r for higher tf's upto H4. The standard Support and Reisistance indi gives you current tf.
Hope this helps.

Pardy

thx Pardy , will check that

cheers
  • #95
  • Jan 6, 2010 7:10pm Jan 6, 2010 7:10pm
Hi Folk

I only trade the M15 and have not had a problem with the refreshing of the S/R. I have laid the indis suggested above over the ROIF one and they are the same in the same TF. What's the problem?

This morning (Aus time) I have have had 4 trades - GU, EU, AU and U/CAD all for 10 pip winners. They are all correlated pairs - the U/Cad was a sell, the others buy trades. The Dollar was weaker. It pays to watch the correlated pairs. The JPY pairs are also interesting.

I agree with Kosomolate. I think this is a much simpler way to watch PA than that suggested by Rebelheart - which is a good thread full of good advice but harder for a newbie to follow. This is so simple and effective. It is almost mechanical and that is why I believe that it will work well as an EA - and I am not a great fan of EAs. Come on you whizzkid coders - accept the challenge and see what you can do here.
  • #96
  • Jan 6, 2010 7:20pm Jan 6, 2010 7:20pm
I think Kosomolate is right - the arrows do not do a great deal and I am tending to not even look at them. They are generally there anyway but sometimes quite a few bars back! The other thing is I am losing faith in the ADX in this system. I will look at the results in a few weeks time, but I seem to miss too many signals due to the ADX not above 22 and rising but the trade turns out to be a winner.

I guess its part of the trial and error process. All ideas are worth trying if they could improve something but if it proves to be not so, then discard it and move on!!

So really, as K says, its just the S/R and the blue line and it works.
  • #97
  • Jan 6, 2010 8:58pm Jan 6, 2010 8:58pm
Hi folks,

Anyone else having a problem of the _MTF SR.mq4 not refreshing itself????

I'm finding that I have to manually refresh it to get it to do its job.

Indicator attached if you know how to fix?
Attached File(s)
File Type: mq4 _MTF SR.mq4   6 KB | 933 downloads
  • #98
  • Jan 6, 2010 9:08pm Jan 6, 2010 9:08pm
Quoting Pardy
Hi,
As others have noticed, the s/r indi does not refresh, you need to refresh it manually. You could use the following s/r indicators attached. The one by Kang Gun is quite good, on a m5 chart giving you s/r for higher tf's upto H4. The standard Support and Reisistance indi gives you current tf.
Hope this helps.

Pardy
Thank you Pardy very much appreciated!!!
  • #99
  • Jan 6, 2010 9:12pm Jan 6, 2010 9:12pm
i tend to just hit another time frame every so often then hit back to the 15 min and it refreshes easy enough
having a good deal of sucsess with this system
  • #100
  • Jan 6, 2010 9:21pm Jan 6, 2010 9:21pm
Quoting bags1
i tend to just hit another time frame every so often then hit back to the 15 min and it refreshes easy enough
having a good deal of sucsess with this system

ROIF --- Thank you very much for this system. It is so much easier to understand and follow than my own personal system that I developed. I know which one's the winner. Not mine .

Your system actually helps me overcome the many problems that I had in mine.



Thanks bags1 , as I got notification of your post I noticed that it refreshes when swapping timeframes as well.
Thanks.
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