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50 pips candle system

  • #721
  • Jan 24, 2010 10:20am Jan 24, 2010 10:20am
Quoting david4u
Saint
Can you pls confirm if I have understood the pattern correctly
(and not the opposite way)
Tks
David
Yes thats right. In this case I go against the trend and the sma works like magnet for the price.
  • #722
  • Jan 24, 2010 10:32am Jan 24, 2010 10:32am
Saint
Why do you say you go against the trend ?
You go with the same direction of the last brick...
it's a continuation of last block...

Quoting Saintsurfer
Yes thats right. In this case I go against the trend and the sma works like magnet for the price.
  • #723
  • Jan 24, 2010 11:25am Jan 24, 2010 11:25am
Quoting david4u
Saint
Why do you say you go against the trend ?
You go with the same direction of the last brick...
it's a continuation of last block...
I go with the last brick it`s right ,but at the moment price is over the sma and if I sell I go against the trend.The sma 1000 is more teling about the main trend then one brick i gess. But sure the short term trend is with us
  • #724
  • Jan 25, 2010 11:27am Jan 25, 2010 11:27am
Saint
we have a RG pattern
we check if price is bellow SMA1000 , if positive we place a Long order
In this case Buy @ 6200
SL = 150 pips = 6050
TP = 100 pips = 6300
Pls confirm
Tks
David
it will be great if you can post your trades
Attached Image (click to enlarge)
Click to Enlarge Name: 25 jan 10 buy 6200.gif Size: 49 KB
  • #725
  • Jan 25, 2010 11:36am Jan 25, 2010 11:36am
what are the key advantages from a pip based system compared to a time based system?
  • #726
  • Jan 25, 2010 12:44pm Jan 25, 2010 12:44pm
Quoting david4u
Saint
we have a RG pattern
we check if price is bellow SMA1000 , if positive we place a Long order
In this case Buy @ 6200
SL = 150 pips = 6050
TP = 100 pips = 6300
Pls confirm
Tks
David
it will be great if you can post your trades
That`s right I am on this trade. And your chart is fine same like mine. So let`s whait and see how it will end...
  • #727
  • Jan 25, 2010 1:20pm Jan 25, 2010 1:20pm
Quoting witsnpips
what are the key advantages from a pip based system compared to a time based system?
It is diferent but not necessary better or worse I think, it`s all depends on how you manage it..
  • #728
  • Jan 26, 2010 4:17am Jan 26, 2010 4:17am
Can someone post the "price range indicator"
Tks
David
  • #729
  • Jan 26, 2010 5:08am Jan 26, 2010 5:08am
Quoting david4u
Can someone post the "price range indicator"
Tks
David
here you go
Attached File(s)
File Type: mq4 PriceChangeChart1.mq4   2 KB | 508 downloads
  • #730
  • Jan 26, 2010 6:50am Jan 26, 2010 6:50am
Tks Saint
But how you make a block to start at 000 levels
like from 6200 to 6300
I have played with the settings but ...
What are your settings ?
Tks
David

Quoting Saintsurfer
here you go
  • #731
  • Jan 26, 2010 6:59am Jan 26, 2010 6:59am
candle size- 100
open price- 1.0
  • #732
  • Jan 26, 2010 8:40am Jan 26, 2010 8:40am
Tks Saint
but .... it's not working
any idea ?

Quoting Saintsurfer
candle size- 100
open price- 1.0
Attached Image (click to enlarge)
Click to Enlarge Name: ind no 000.gif Size: 78 KB
  • #733
  • Jan 26, 2010 9:32am Jan 26, 2010 9:32am
Quoting david4u
Tks Saint
but .... it's not working
any idea ?
try this
Attached File(s)
File Type: mq4 PriceChangeChart1.mq4   2 KB | 693 downloads
  • #734
  • Jan 26, 2010 9:51am Jan 26, 2010 9:51am
Perfect !
Do you draw the horizontal lines at 000 manually or with an indicator ?
Tks

Quoting Saintsurfer
try this
  • #735
  • Jan 26, 2010 9:56am Jan 26, 2010 9:56am
Quoting david4u
Perfect !
Do you draw the horizontal lines at 000 manually or with an indicator ?
Tks
http://www.forexfactory.com/showthread.php?t=163096
look in post 3, npiplines indicator
  • #736
  • Jan 30, 2010 3:27am Jan 30, 2010 3:27am
Saint
so "finally" the short trade started at 25 Jan @1.6200 have came to it's end @ 1.6050 with a lose of 150 pips .
Now after RR pattern we should be short from 1.6100
SL = 100 @ 1.6200
TP = 100 @ 1.5900
pls confirm
David
Attached Image (click to enlarge)
Click to Enlarge Name: end -150p 29jan.gif Size: 48 KB
  • #737
  • Jan 30, 2010 6:19am Jan 30, 2010 6:19am
How has this method done over January, guys?
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  • #738
  • Jan 30, 2010 6:46am Jan 30, 2010 6:46am
Quoting david4u
Saint
so "finally" the short trade started at 25 Jan @1.6200 have came to it's end @ 1.6050 with a lose of 150 pips .
Now after RR pattern we should be short from 1.6100
SL = 100 @ 1.6200
TP = 100 @ 1.5900
pls confirm
David
That`s just right.
  • #739
  • Jan 30, 2010 6:54am Jan 30, 2010 6:54am
Quoting PipSqueeze
How has this method done over January, guys?
Nine trades in total and 450 pips profit for both methods. GG, RR made 300pips(4profit trades and 1 loss) and GR, RG method made 150pips. (3 profit and 1 loss)
  • #740
  • Feb 1, 2010 3:52am Feb 1, 2010 3:52am
first profit of this month with rr patern.
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