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Very Profitable System - Roi system

  • #221
  • Jan 23, 2010 10:53pm Jan 23, 2010 10:53pm
I have found the non-refreshing of the MTF SR a bit annoying so I have taken the liberty of editing one of Kang gun's S/R indis. I am not a coder so forgive me if it doesn't work well. I have only tried this on a M15 chart.

I have combined M30 and H1 S/R with different colours so you can see which is which. I normally use the M30 S/R but its handy to see the H1 at the same time. Its pretty easy to change the wingdings and the colours to suit your own taste and colour scheme.

Don't spend too much time on it if it doesn't work as I have no idea how to solve any problem it might raise - sorry but I am a klutz when it comes to coding.

Karl
Attached File(s)
File Type: mq4 sr_KG_H1_M30 - Karl.mq4   3 KB | 925 downloads
  • #222
  • Jan 25, 2010 12:37am Jan 25, 2010 12:37am
hi guys,

i now trying a new broker called Jade Investment. But however, there is some distortion on some candles. and also when i apply the indicator (sr_KG_H1_H4_D1), its different from IBFX...
From the jade investment, USDCAD already hit the resistance level and going down. But however for IBFX, there is no resistance level. (see attached for Jade investment)...
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 180 KB
  • #223
  • Jan 25, 2010 12:39am Jan 25, 2010 12:39am
Hi scartree, i am using the sr_KG_H1_H4_D1 indicator instead of the one u mentioned, is it okay? btw, what brokers u using?

Quoting scartree
I have found the non-refreshing of the MTF SR a bit annoying so I have taken the liberty of editing one of Kang gun's S/R indis. I am not a coder so forgive me if it doesn't work well. I have only tried this on a M15 chart.

I have combined M30 and H1 S/R with different colours so you can see which is which. I normally use the M30 S/R but its handy to see the H1 at the same time. Its pretty easy to change the wingdings and the colours to suit your own taste and colour scheme.

Don't spend too much time on it if it doesn't work as I have no idea...
  • #224
  • Jan 25, 2010 12:58am Jan 25, 2010 12:58am
I go long for GBPUSD (1.6141) and GBPJPY (145.67) for ibfx platform. (see attached), and still struggling to catch the pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 165 KB
Click to Enlarge Name: Capture1.JPG Size: 163 KB
  • #225
  • Jan 25, 2010 5:27am Jan 25, 2010 5:27am
Hi KPF
I used the sr_KG_H1_H4_D1 indi and changed some lines of code to show M30 and H1 SR lines - changed the colours as I like them also. I think it works OK but have not been testing it for long yet.
I use Go Markets - an Aussie/Kiwi broker - so far I like them (Steve Hopwood thinks that all brokers are 'criminals' and he is probably right - you can't beat them, eh!!?) - they all increase the spread when it suits them!!
  • #226
  • Jan 25, 2010 9:07am Jan 25, 2010 9:07am
hi, i am using two brokers platform (IBFX and JadeFX), but i think i have some problem with JadeFX on the indicators... see attached.
It seems like the candles are distorted... do anybody know why?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 128 KB
  • #227
  • Jan 25, 2010 9:16am Jan 25, 2010 9:16am
that happens on weekends, when market opens they call it weekend GAP. that explains the first "distortion"

as for the second one its a gap too and it happens when ther is high volatility, the bar jumps and create a gap. and that happens to favour your entry

I learnt some traders look for such GAPS and trade them in a certain way

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #228
  • Jan 25, 2010 9:36am Jan 25, 2010 9:36am
as for the 2nd one, if i saw the gap, it will be too late ,am i right? cause the gap already consists of several pips. So when i entered is already far ahead of the support level...

by the way, Koso, any trade so far.. my trades today all hit TP.. so far...
what broker are you using now?


Quoting Kosomolate
that happens on weekends, when market opens they call it weekend GAP. that explains the first "distortion"

as for the second one its a gap too and it happens when ther is high volatility, the bar jumps and create a gap. and that happens to favour your entry

I learnt some traders look for such GAPS and trade them in a certain way

kos
  • #229
  • Jan 25, 2010 10:17am Jan 25, 2010 10:17am
hi KP!

am with alpari uk

2 trades all TP +25 each, cos today no much fundies.

kos

p.s: use the EASY EA thats the best way to trade this system without sweat. drop the line below MTF SR line with preset SL and TP which you can adjust anytime by simply moving the lines. When price kiss the line you are in a trade.
John 3:16 - From THIS love no power on earth can me sever.
  • #230
  • Jan 25, 2010 11:06am Jan 25, 2010 11:06am
Quoting Kosomolate
hi KP!

am with alpari uk

2 trades all TP +25 each, cos today no much fundies.

kos

p.s: use the EASY EA thats the best way to trade this system without sweat. drop the line below MTF SR line with preset SL and TP which you can adjust anytime by simply moving the lines. When price kiss the line you are in a trade.
can send me ur EASY EA? cos i try using the Easy EA but it seems that i am unable to create the line to set the SL and TP...
  • #231
  • Jan 25, 2010 11:08am Jan 25, 2010 11:08am
my trades for the day... with only 10 Pips TP..

i think alpari or fxdd is better than mine.. in terms of the price..
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 50 KB
  • #232
  • Edited 1:49pm Jan 26, 2010 1:29pm | Edited 1:49pm
Hi Kosmolate,

Thank you for showing your trades and screenshots. It helps me a lot.

I was just wondering which settings do you use for MTF SR when using it on an H1 chart. (Post 197 regarding brick wall screenshot)

Also another question is do you still place a sellstop and a buystop on for example GU when start trading in the morning?

Thanks for your effort.
  • #233
  • Jan 27, 2010 1:04am Jan 27, 2010 1:04am
Quoting scartree
Hi KPF
I used the sr_KG_H1_H4_D1 indi and changed some lines of code to show M30 and H1 SR lines ...
Scar, could you do me a favor ... I have a theory I'd like to test about longer time frames (MUCH longer) ... could you change the same indicator to show only D1 and W1? Thankx
or if I find the indi in Navigator, right click on modify, and simply replace every M30 and H1 with D1 and W1, will that do it? (I haven't tried that because I'm a little afraid of mucking things up...)
  • #234
  • Jan 27, 2010 2:30am Jan 27, 2010 2:30am
hi, anybody tried using e EASY EA? can guide me on how do i put in the trendline? i have difficulty in it.

Thanks
  • #235
  • Edited 3:45am Jan 27, 2010 3:27am | Edited 3:45am
Quoting KPForex
hi, anybody tried using e EASY EA? can guide me on how do i put in the trendline? i have difficulty in it.

Thanks
Hi Kpforex,

I will try to explain a example for a buystop.

Open a chart and put EASY EA on it (just fill in the lotsize and TP,SL)
If you use a five digit broker ad a extra zero behind TP and SL.

Draw a horizontal line in the chart where you want to have the buystop.
Double click on the horizontal line and after that right-click. Now the horizontal line propertie window will open and you can fill in by the name property bs (for buy stop).
Press ok

On the chart the line will get the label buystop. When price reaches this level a buy order will be executed, and the tp and sl line will appear on the chart. These lines you can move them also by changing the horizontal line properties.

edit: You can also move the horizontal lines by double-click them and then drag them up or down. (just found out myself ;-) )

I hope this help.

If somebody else got another faster approach please let me know.

Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: easy ea before.gif Size: 12 KB
Click to Enlarge Name: horizontal properties line.GIF Size: 13 KB
Click to Enlarge Name: easy ea after.gif Size: 13 KB
  • #236
  • Jan 27, 2010 5:38am Jan 27, 2010 5:38am
Hi msiamd, really thanks for ur help!! appreciate it...

By the way, do you know of any indicators where it will alert u when it hit the resistance or support line? maybe is the same as the Easy EA, is just that it give u alerts rather than creating a trade entry...

Quoting msiamd
Hi Kpforex,

I will try to explain a example for a buystop.

Open a chart and put EASY EA on it (just fill in the lotsize and TP,SL)
If you use a five digit broker ad a extra zero behind TP and SL.

Draw a horizontal line in the chart where you want to have the buystop.
Double click on the horizontal line and after that right-click. Now the horizontal line propertie window will open and you can fill in by the name property bs (for buy stop).
Press ok

On the chart the line will get the label buystop. When price reaches this level a buy order will...
  • #237
  • Jan 27, 2010 6:21am Jan 27, 2010 6:21am
Quoting KPForex
Hi msiamd, really thanks for ur help!! appreciate it...

By the way, do you know of any indicators where it will alert u when it hit the resistance or support line? maybe is the same as the Easy EA, is just that it give u alerts rather than creating a trade entry...

Hi Kpforex,

As i understand right you are looking for a indicator which give you and alert instead of a trade.

There will be an indictor which is capable of doing that, but i don't know which one.
  • #238
  • Jan 27, 2010 6:24am Jan 27, 2010 6:24am
tbardolph

Talk about the blind leading the blind...! As I said, I am not a coder but I have changed the indi to D1 and W1. The key was to define the number of minutes in W1 and D1 - 10080 and 1440 respectively. The Weekly is Blue and Red and the Daily is Green and Magenta. To change these, do it from Modify in Navigator rather than as inputs when you load the indi to the chart. I think it should work!!?? Fingers crossed anyway....!

Karl
Attached File(s)
File Type: mq4 sr_KG_W1_D1 - Karl.mq4   3 KB | 955 downloads
  • #239
  • Jan 27, 2010 6:40am Jan 27, 2010 6:40am
If you are looking at the Roif system over a longer TF, how do you test? I can use the tester in MT4 with an EA but the only way I have of testing the viability of a system is to either forward test it - paper trade or demo. Is there another way of doing it?

We do not seem to be successfully attracting some coder to look at this system and do an EA - which is a pity as I believe it is a good system. Probably won't do well in a ranging market but some filter to knock out trades during a ranging period should be possible. My demo and paper trading using M15 charts shows great promise.

Regards Karl
  • #240
  • Jan 27, 2010 8:49am Jan 27, 2010 8:49am
Yes, msiamd... indeed i need a alert indicator instead...

My TF is 15 Mins, so once the candles goes over the support/resistance, i will take a look at H1 also, if it also crosses the support/resistance, i will take a look at H4 for the ADX. If the H4 TF ADX is above 14, then i would enter a trade...

So i think i need a alert indicator more than a trade indicator... wonder anyone have it? thanks thanks

Quoting msiamd
Hi Kpforex,

As i understand right you are looking for a indicator which give you and alert instead of a trade.

There will be an indictor which is capable of doing that, but i don't know which one.
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