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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #3,401
  • Edited 12:21am Apr 21, 2010 12:08am | Edited 12:21am
Steve,
have it done for free by generous programmers here or
try Labais' indicator
http://www.forexfactory.com/showpost...ostcount=61048

also, ive seen a post from endroute that uses a 'leaner' version. i think it only has the current day & average daily range. try PM'ing him
  • #3,402
  • Apr 21, 2010 12:48am Apr 21, 2010 12:48am
Thanks for the reply Chaos but its not what I'm after.
I'll try your first suggestion I think.
Display one number onscreen - how hard can it be?
I've been looking all morning!

S.
"The more I practice, the luckier I get." (Gary Player)
  • #3,403
  • Apr 21, 2010 12:50am Apr 21, 2010 12:50am
patience, Steve.
  • #3,404
  • Apr 21, 2010 12:53am Apr 21, 2010 12:53am
Quoting supremeChaos
patience, Steve.
"The more I practice, the luckier I get." (Gary Player)
  • #3,405
  • Apr 21, 2010 1:26am Apr 21, 2010 1:26am
Quoting mrsingha
Thanks for the reply Chaos but its not what I'm after.
I'll try your first suggestion I think.
Display one number onscreen - how hard can it be?
I've been looking all morning!

S.
i think i got something 4 ya
Attached File(s)
File Type: ex4 SpikeBars_v3.ex4   8 KB | 659 downloads
File Type: mq4 SpikeBars_v3.mq4   5 KB | 791 downloads
Never whishing, always trading.
  • #3,406
  • Apr 21, 2010 1:52am Apr 21, 2010 1:52am
Thanks Hova.
That's the closest one I've seen.
I'll have a play with it - see if I can mod it to what I want.
Thanks,

S.
"The more I practice, the luckier I get." (Gary Player)
  • #3,407
  • Apr 21, 2010 5:10am Apr 21, 2010 5:10am
There is a lot of extra stuff on this indi, but I've stripped it to only have the range... it's hard coded for 1hour ranges, so if you change tf, it would have to be modified... not sure if that will work for you.
Attached File(s)
File Type: mq4 Display Ccy Info h1 (1).mq4   15 KB | 475 downloads
File Type: mq4 Display Ccy Info M5(1).mq4   15 KB | 509 downloads
  • #3,408
  • Apr 21, 2010 5:36am Apr 21, 2010 5:36am
Yep, that works great Josh.
Just what I was looking for.
Thank you very much for that.

S.
"The more I practice, the luckier I get." (Gary Player)
  • #3,409
  • Apr 21, 2010 7:08am Apr 21, 2010 7:08am
Quoting mrsingha
Hi all,
Does anyone have an indicator or know of another way to display the current bar's range on the chart. The indi's I've looked at add an extra window to my chart with histograms and oscillators - all I want is the number of pips, preferably top left with the ohlc data.
Any ideas?

Steve.
I just put ATR with a period of 1 on my charts. I removed the indicator window and have the Data Window (I'm using MT4) open so that the ATR(1) is easily visible. I use this number and then add the spread (generally +1 or +2 pips) to know how big my stop is which I then use to figure out my position size.
  • #3,410
  • Apr 21, 2010 9:11am Apr 21, 2010 9:11am
15m trend trade. got out w/ 2 pips when the first reverse pin was form.
i consider it a win
Attached Image (click to enlarge)
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  • #3,411
  • Apr 21, 2010 3:07pm Apr 21, 2010 3:07pm
Hello people!

Today I recognized a fact that threw up some questions to me..

Please look at the following AUDUSD M15 setup..

As far as I know it is pure Ryanmcd.. and i love those setups..BUT as you can see in my attached chart, i always draw some lines on it.. for example the round numbers.. daily pivots and obvious support&resistance lines...
Now i see this setup appearing.. everything is in line.. nice trend, nice pin, nice location.. but then I see this big yellow line shouting at me "Don'T take this beautiful setup! I will certainly destroy it, price will never break me!" 15mins later I say to myself "Damnit!"

Now I would really like to know how much value you more experienced people lay on those rn's sr's and pivots..

Thanks in advance! Cheers!
Attached Image (click to enlarge)
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  • #3,412
  • Apr 21, 2010 5:45pm Apr 21, 2010 5:45pm
Quoting xeqter
Hello people!

Today I recognized a fact that threw up some questions to me..

Please look at the following AUDUSD M15 setup..

As far as I know it is pure Ryanmcd.. and i love those setups..BUT as you can see in my attached chart, i always draw some lines on it.. for example the round numbers.. daily pivots and obvious support&resistance lines...
Now i see this setup appearing.. everything is in line.. nice trend, nice pin, nice location.. but then I see this big yellow line shouting at me "Don'T take this beautiful setup! I will certainly destroy...
about 'pure ryanmcd' setups:
i don't think it's a good setup. you have a flat mkt at the beginning, then go up some, then come back down some, and you get the pin in a retrace. there is no real trend as i see it. just my opinion.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 89 KB
  • #3,413
  • Apr 21, 2010 8:58pm Apr 21, 2010 8:58pm
Quoting xeqter
Hello people!

Today I recognized a fact that threw up some questions to me..
....
as usual, the answer is
it's all relative. it's trader-dependent.
do your own backtest &/or decide what is important to you.
(look back in your charts & look for this particular setup)

in this chart, it appears that a Ryanmcd setup is against a round number & a pivot (DPV daily pivot).
if i saw this setup, i would have taken it. Ryanmcd setup-wise, price is bearish at the time this pin formed. a potential trend has already started (time 6.00-ish in your chart), & the potential risk (stop loss above the pin) is very small. u can also check higher timeframes to see what's happening.

my view:
in lower timeframes, round numbers & pivots will not always be respected. price will zigzag across them many times, sometimes price will respect them to the pip.

refer to James16 THIS IS Critical
http://www.forexfactory.com/showpost...ostcount=15568
if u were concerned of the round number & pivot, what u can do is place an order below the round number (below 0.93) or below both of them (say, 0.9292ish).
the advantage is u may have already 'lost' the barriers because u entered after/past them (round number & pivot). the disadvantage is u have not entered correctly (Ryanmcd setup-wise), your stop is potentially bigger & your profit potential may be small/smaller.

again, do your own testing &/or decide what is important to you. every trader is different, so find what suits YOU.
  • #3,414
  • Apr 22, 2010 7:36am Apr 22, 2010 7:36am
This indicator to avoid mistakes
Attached File(s)
File Type: mq4 Grid_v1_0.mq4   6 KB | 430 downloads
  • #3,415
  • Apr 22, 2010 7:50am Apr 22, 2010 7:50am
I'll be watching for something here...ideally with a pb and midBB...
Attached Image (click to enlarge)
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  • #3,416
  • Apr 22, 2010 8:43am Apr 22, 2010 8:43am
Quoting Jduester
I'll be watching for something here...ideally with a pb and midBB...
No PA
Attached Image (click to enlarge)
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  • #3,417
  • Apr 22, 2010 9:17am Apr 22, 2010 9:17am
Quoting Jduester
No PA
Sweet trade idea, pity about the PA.
  • #3,418
  • Apr 22, 2010 12:28pm Apr 22, 2010 12:28pm
Quoting Jduester
No PA
Had the same plan, took the pseudo BEOB with the trend. Really liked how it closed below the previous lows and at the absolute low of the bar...got BE + 1 at 1:1 and decided to let it run....got stopped out on some news event I assume? Oh well.
  • #3,419
  • Apr 22, 2010 4:52pm Apr 22, 2010 4:52pm
Only 1 trade today, got stopped out.
Attached Image (click to enlarge)
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  • #3,420
  • Apr 22, 2010 6:12pm Apr 22, 2010 6:12pm
Quoting stoli7188
Only 1 trade today, got stopped out.
i started saving charts after closing trades, and analyze them. they do tell me a lot of things i wasn't seeing before.

a fraction of my losing trades were like this: meaning price actually went in favor for a significant amount RELATIVE to the singal bar(pin) size, and i didn't nothing(like move to b/e), then got stopped out for lose.

of course it depends on your style. but i personally putting more emphasis on the RELATIVITY of the signaling bar size.

just my opinion.
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