Woh! Finally someone here was kind enough to get an EA for us. Let us try it out Monday.
Once again thanks to you all guys. Shows what one can do If everyone helps each other.
Good Night
Thanks Tradeforex.
Thanks a Million
Kris
ES Trader
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DislikedWhat do you guys think, how could we avoid this false signal (see picture)?Ignored
Dislikedtwo ways that signal would not have been used.
remember that it is your setup bar. Put the trade on a few pips beyond the setup bar and you can see that a long never would have executed.
More importantly though you can see that it is a negative pinbar which would tell you from price action studies that price was going down. Therefore price action would say not to take it. In fact PA would say go short.
in all signals price action is king and you have to use that to get in and out.Ignored
DislikedWhat do you guys think, how could we avoid this false signal (see picture)?Ignored
DislikedI only trade in the direction of larger timeframes (1H, 4H), however the positive bull signal did also appear on 1H AND 4H. And the pin bar was formed only when the candle closed, but it opened bullish.
Still I wont use the MTF indicator on 1H time frame since it would show me the time frames 1H, 4H, Daily and Weekly only, I however prefer to trade 1H time frame but check also the smaller time frames (e.g. 15M for entry).
Do we enter into a trade when we get a signal during the candle forms or only after it closed?Ignored
Dislikediamnoel, I think in your first "box" we can see a VERY late entry!
We should enter ten hours earlier, at 1:45! As you can see, we had 3 red dots in the bottom bar and two red dots in the M-30 bar right before 1:45, so that would be a very good, solid entry and we would get more than 100 pips.
And there is another thing, another "mistake". (Of course, we all hope that ES Trader will create some rules for our MTF indicator, but since we don't have the BBH-MTF rules right now, I would use some Steinitz rules). And according to Steinitz...Ignored
DislikedVicente, thank you very much!
But I have a problem - when I tried to install your dashboard, it freezed my Metatrader. How do I install correctly?Ignored