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Very Profitable System - Roi system

  • #261
  • Jan 30, 2010 3:58pm Jan 30, 2010 3:58pm
Quoting drago24
The Roi Alert will not download for me and when it does it downloads as an attachment!! Can anyone help?

I am going to repost the code and see if the problem goes away. I have seen this before when people use special characters in the file name like space and period, but that is not the explanation for this case.
Attached File(s)
File Type: ex4 ROIAlert.ex4   6 KB | 1,699 downloads
  • #262
  • Edited 9:07pm Jan 30, 2010 4:14pm | Edited 9:07pm
Quoting CodeMeister
I am going to repost the code and see if the problem goes away. I have seen this before when people use special characters in the file name like space and period, but that is not the explanation for this case.

OK, the repost seems to have fixed the problem.

Just to expand on Kos's explanation of the indicator, I would like to point out that it doesn't use T3_Clean for anything. Kos and I agreed that T3_Clean wasn't necessary for a viable signal. For those of you who want to continue to use it, of course you should do so.

The defaults and Kos's recommended setup are suitable for 15M charts. For other time frames the TimeFrameSR will have to be adjusted accordingly. I have tested it on 5M charts with a setting of 15 and it worked quite well, but I still prefer 15M for trading. I think it will work on 30M and higher time frames, but I haven't done any testing yet. It has been tested with FXDD and FXCM Micro (5 digit); it should work with other brokers but...

The email option will only work if you have MT4 email configured properly and there are lots of threads that explains how to do that.

My only concern with the code is the AlertSkip logic because when the bars are jumping back and forth along the S/R level, I don't want to send out multiple signals, but on the other hand I don't want to miss any either. If you suspect that the code is missing a signal this is the most likely explanation.

I would like to hear your feedback on how the code is working. It is still very new and I won't be surprised to learn of some defects. For now, I don't think I want to add any new functionality - just fix what is there.
  • #263
  • Jan 31, 2010 4:53am Jan 31, 2010 4:53am
Quoting Kosomolate
Hello S & R traders,

During the week I contacted 4 good coders ...... CODEMEISTER did it for us ..... thanks should be directed at him ... not me.
it's 3:00 in the morning on Sunday here in Los Angeles ... (I can't sleep) ... so I can't test this live, but it looks VERY cool ... thankx to BOTH of you ... CODE for his work, and Kos for hooking us up ... strong work, guys
  • #264
  • Jan 31, 2010 10:17am Jan 31, 2010 10:17am
hi guys, was busy durin e weekend and never come online.. wah..such a development.. i going to go live usin this tomolo.. thanks once again
  • #265
  • Jan 31, 2010 10:52am Jan 31, 2010 10:52am
got some problem when i attach e roi alert... the support and resistance is different from the one that i had (sr_KG_H1_H4_D1).. please see attached. i will post the one when i attached the roi alert.

i am using H1 for 15mins tf.. btw, i am using ib broker
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 131 KB
  • #266
  • Jan 31, 2010 10:53am Jan 31, 2010 10:53am
roi alert together with sr_KG_H1_H4_D1 (see attached)
Attached Image (click to enlarge)
Click to Enlarge Name: Capture1.JPG Size: 134 KB
  • #267
  • Edited 1:48pm Jan 31, 2010 1:45pm | Edited 1:48pm
Quoting KPForex
roi alert together with sr_KG_H1_H4_D1 (see attached)
Hi KPforex.

The charts are the same but the sr_KG_H1_H4_D1 also shows the H4 and D1 resistance/support.
You can change the colorsetting of sr_KG_H1_H4_D1.
Choose only for setting 0 and 1 a different color than your background. Choose for colorsetting 2,3,4 and 5 the same color as your background
After applying this you will get the same support/resistance lines than of ROIAlert.

I hope this helps.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: colorsetting.jpg Size: 56 KB
  • #268
  • Jan 31, 2010 6:45pm Jan 31, 2010 6:45pm
I'm not sure if I understand about the KG_SR. I remember reading someone saying in an early posting that they were using it instead of MTF SR because it refreshed properly. I understood that the 2 indicators produced similar (not identical) results. I didn't check it myself so I don't know.

The recent postings seem to imply that the new alert produces different results than the KG. Maybe it does but I can't say one way or the other. I know that it produces almost identical results compared to MTF SR because I did lots of side by side comparisons.

When I wrote the indicator I was under the impression that only a single SR level was used as a setup. I guess the KG indicator allows for more than one level (the MTF one tried to, but I couldn't get it to work). Is using multiple levels for more confidence or is it an essential part of the strategy? Is it acceptable to use both the new indicator for alerts and KG for multiple levels?
  • #269
  • Jan 31, 2010 8:37pm Jan 31, 2010 8:37pm
Hi Code - first may I say how grateful we are for your efforts. An alert has been on our wish list for some time. Roi started this thread in the hope that someone would code an EA for the system but although no-one has put their hand up for that task, your alert is a big help.

The problem with the S/R indi posted by Roi originally was that it did not refresh. Someone suggested that Kang Gun's indi would provide similar results without the refreshing problem. Some of us use the S/R on a M30 period and some use the H1. I think some may use the M15 but I think that gives too many signals. I edited KGs indi so that it could be used as a 30M or H1 indi. I found the MTF version too many lines (dots) although this can be handled with colours as background for those periods not required. I highlight a trading period with a different colour so that solution did not work for me.

I am testing your indi on live demo today (Aus time - Sunday start time EST) and will see if there are differences - I really didn't think there were by visual testing.

I am sure folk will get back to you with any genuine problems - which I feel sure you will review - with our thanks. Please ignore any frivolous comments which unfortunately occur all too often on these threads - they are irrelevent.

Karl
  • #270
  • Jan 31, 2010 10:25pm Jan 31, 2010 10:25pm
yup, i know .. i am using SR_KG_H1_H4_D1 that shows only H1...

But now when i place the ROIAlert, the support and resistance seems to be different from SR_KG_H1_H4_D1. You can try it out urself and see...

Quoting msiamd
Hi KPforex.

The charts are the same but the sr_KG_H1_H4_D1 also shows the H4 and D1 resistance/support.
You can change the colorsetting of sr_KG_H1_H4_D1.
Choose only for setting 0 and 1 a different color than your background. Choose for colorsetting 2,3,4 and 5 the same color as your background
After applying this you will get the same support/resistance lines than of ROIAlert.

I hope this helps.

Regards
  • #271
  • Feb 1, 2010 1:27am Feb 1, 2010 1:27am
Quoting KPForex
yup, i know .. i am using SR_KG_H1_H4_D1 that shows only H1...

But now when i place the ROIAlert, the support and resistance seems to be different from SR_KG_H1_H4_D1. You can try it out urself and see...

When i put both indicators on the same chart, i see no difference.

However just dicovered that the Roi alert indicator did not properly refresh on eurusd m15. Just switched time frames forward and back and it looks ok now.
Anybody else the same issue?
  • #272
  • Feb 1, 2010 1:42am Feb 1, 2010 1:42am
Quoting msiamd
When i put both indicators on the same chart, i see no difference.

However just dicovered that the Roi alert indicator did not properly refresh on eurusd m15. Just switched time frames forward and back and it looks ok now.
Anybody else the same issue?

oh ya, is the same, i did a refresh by switching TF also.. so i am not sure whether does this indicator do its own refresh.. but is very good.. thanks to the creator
  • #273
  • Feb 1, 2010 2:45am Feb 1, 2010 2:45am
Thanks fx358.What I am thinking is this,with the Quik Trailing EA you can use a percentage to profit out of your trades like open a trade with multiple lots,say 5 lots,and set to 80% at 10 pips,so at 10 pips the EA closes 4 lots and let the other run.But,with this EA you cannot put on pending orders like you can with the EASY EA.
So,by putting both of these EAs together,on a M15 chart you can put on PENDING ORDERS,with horizontal lines,set at a 5 or 8 buffer top and bottom and then when the pending orders are hit,then the trade managing functions of the Quik Trailing EA would take over.This way you have the best of both EAs without using 2 charts with one EA on each chart and you can put this new EA on many charts.Plus,both of these EAs let you move the TP and SL lines by just using your mouse thus making it easey to lock-in your profits.This is why I was asking.Thank you and GOD BLESS....SJ
  • #274
  • Feb 1, 2010 8:05am Feb 1, 2010 8:05am
This is not correct. If you have enabled the Quick Trailing EA and you put a pending order it works the same as with a market order. In the moment when the pending order is activated the allocations of the Quick Trailing EA are working. Try it out.
I have several allocations in the Quick EA saved and so I'm able to decide which one I take for the market. I use one with SL of 5 pips for scalping and another with SL 15 and TP 20 pips for the 15 min. chart.
So for me it's very comfortable.

fx358
  • #275
  • Feb 1, 2010 9:53am Feb 1, 2010 9:53am
fx358 are you using the pending order setups from the trade window of your MT4 platform or are you setting them thru your Quik Trailing EA like drawing a horizontal line and renaming it: buy stop or sellstop?GOD BLESS......SJ
  • #276
  • Feb 1, 2010 3:11pm Feb 1, 2010 3:11pm
Quoting msiamd
When i put both indicators on the same chart, i see no difference.

However just dicovered that the Roi alert indicator did not properly refresh on eurusd m15. Just switched time frames forward and back and it looks ok now.
Anybody else the same issue?
I was surprised to get this comment because I was sure that logic was working. I did a lot of testing on the 5M TF to ensure this was working and it did 100%. Refreshing logic usually works 100% of the time or fails most of the time. This seems to be an intermittent failure. I have seen indicators fail like this when there is a disconnect from the server, but if it happened to 2 people that is only possible if they have the same broker.

I will continue to monitor this week and would appreciate more feedback on how often this happening.
  • #277
  • Feb 1, 2010 6:47pm Feb 1, 2010 6:47pm
Fx358,I tried to look up Quiksilver for the Quik TrailingEA,but he is not on FF when I put his name in the search area.That is ok,this EA can be used like you mentioned on its own by using manuel pending orders from the MT4 platform and using this EA to manage the trades when opened.Because you have the time to put on entry orders on a M15 chart at session starts,every hour e.t.c.GOD BLESS...........SJ
  • #278
  • Feb 1, 2010 9:01pm Feb 1, 2010 9:01pm
Quiksilver was a contributor to a forum at Indo-Investasi.com - not sure if he is still there. He was never on FF to my knowledge.
K
  • #279
  • Feb 1, 2010 11:40pm Feb 1, 2010 11:40pm
Thanks,I will try that.GOD BLESS..........SJ
  • #280
  • Feb 2, 2010 1:50am Feb 2, 2010 1:50am
Quoting smpprj
fx358 are you using the pending order setups from the trade window of your MT4 platform or are you setting them thru your Quik Trailing EA like drawing a horizontal line and renaming it: buy stop or sellstop?GOD BLESS......SJ
Hi,
I use pending order from the trade window. In the moment when the pending order will be activated the Quick Trailing EA began to work.
regards
fx358
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