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PM Forex Strategy

  • #201
  • Edited 12:14pm Jun 28, 2010 12:09pm | Edited 12:14pm
Here is a new subversion of the EA.

Changes include Pricing fixes for Mt4 brokers that use Fractional pips. An example of this is when the EUR/USD is at an accuracy of 5 decimal places (1.23589).

To enable this feature set BrokerUsesFractionalPip = true. It will automatically change the lotsize, Stop loss and TP values.

stifland, this should work on your mt4 as well. please let me know.


Mark

Quoting roundrock
thanks EllisEdi for the EA.

can you post the set file for 5 digit broker ?

i ran the back test, got only one trade on first day. after that its not reporting any more trade
Attached File(s)
File Type: mq4 PMForex_NonLagMa_EA_v2_1.mq4   34 KB | 730 downloads
EllisEdi Moving on to my next trade ...
  • #202
  • Jun 28, 2010 12:29pm Jun 28, 2010 12:29pm
Quoting roundrock
can somebody help me find the correct indicators and setup. i am seeing several versions of the non-lags.

this is my requirement. i am little relaxed trader. minimum TF is M30. i want less noice. i am prepared to wait and wait for a good setup. would like H1 as entry with confirmation from H4. what could be the stoploss, tp ?

i am watching all 9 majors
R:

I thought you said by like little noise...but you are watching 9 major pairs...too much noise for me...

>on 15M, I have the nonlagma from post 1 which has setup of 21...add to graph
>use same nonlagma and change settings to 84 (add it twice to graph)
>then add alf blue line
>then add pivot from Syahmi at http://www.forexfactory.com/showpost...&postcount=160

this is what i use...it is excellent for me.
  • #203
  • Jun 28, 2010 12:41pm Jun 28, 2010 12:41pm
Hi syhami,

Could you please share your MACD mtf indicator.

thanks
  • #204
  • Jun 28, 2010 12:47pm Jun 28, 2010 12:47pm
Quoting dutchsignals
Hi syhami,

Could you please share your MACD mtf indicator.

thanks

No problemo... here you go...


Cheers!
Attached File(s)
File Type: mq4 MTF_MACD_inColor.mq4   3 KB | 581 downloads
  • #205
  • Jun 28, 2010 6:09pm Jun 28, 2010 6:09pm
Quoting EllisEdi
Here is a new subversion of the EA.

Changes include Pricing fixes for Mt4 brokers that use Fractional pips. An example of this is when the EUR/USD is at an accuracy of 5 decimal places (1.23589).

To enable this feature set BrokerUsesFractionalPip = true. It will automatically change the lotsize, Stop loss and TP values.

stifland, this should work on your mt4 as well. please let me know.


Mark

Much thanks, Mark! Will have my hands full later when I got home!
  • #206
  • Jun 28, 2010 6:10pm Jun 28, 2010 6:10pm
Quoting losingtrades
R:

I thought you said by like little noise...but you are watching 9 major pairs...too much noise for me...

>on 15M, I have the nonlagma from post 1 which has setup of 21...add to graph
>use same nonlagma and change settings to 84 (add it twice to graph)
>then add alf blue line
>then add pivot from Syahmi at http://www.forexfactory.com/showpost...&postcount=160

this is what i use...it is excellent for me.

How do you filter your entry using them? What pairs are you watching, if you dont mind me asking.

I am into EU (slow) and GY (fast) for testing purposes. Sometimes, if I see good setup and I have time watching it, I trade live. If not, I usually demo it, leave it and see how it goes.
  • #207
  • Edited 10:23pm Jun 28, 2010 9:11pm | Edited 10:23pm
Quoting losingtrades
R:

I thought you said by like little noise...but you are watching 9 major pairs...too much noise for me...

>on 15M, I have the nonlagma from post 1 which has setup of 21...add to graph
>use same nonlagma and change settings to 84 (add it twice to graph)
>then add alf blue line
>then add pivot from Syahmi at http://www.forexfactory.com/showpost...&postcount=160

this is what i use...it is excellent for me.
Glad to see you have something that worked... Just train it well and share with us here.

Well..... I have study this system and my opinion is this system is better on Higher time frames above the M ones. If we a see a potential signal in H tf, we should look for entry on lower timeframes rightaway.

If someone look for signal in Hourly TF and based their entry at 3rd candles on the same timeframe, most time that would be too late and the price is already shooting back especially in ranging times or you have a strong S/R in front of the price. Just becareful.

I hope I am not being a party breaker here, but I highly recommend everyone who trade this manually to stick with one pair. Master that pair like your own play yard when we were kids. After that, you can squeeze pips out as much as you need from it from north and south, back and forth.

Taking too many decision in the same time for multi pair trading will only make your body and your brain exhausted too soon. You might win a lot at the start because your body and your brain is still fresh.

But after that, in longterms there's a big chance that you will have many hard time to make too many right decision everytime you do trading. That's where we begin to doubt our decision and our self confidence grow weaker, especially after we suffer many lost from making the wrong decision. That's bad for a longterm business like Forex.

I've been there. Just sharing the experience, so you guys dont have to go through it. But....well I also believe that everybody is on his/her own way in this. Just do whatever you need to do to make MR Pips and it's family, friends, brother and sisters keep coming and coming to your bank...


NG
  • #208
  • Jun 28, 2010 10:06pm Jun 28, 2010 10:06pm
Quoting NiceGuy
Glad to see you have something that worked... Just train it well and share with us here.

Well..... I have study this system and my opinion is this system is better on Higher time frames above the M ones. If we a see a potential signal in H tf, we should look for entry on lower timeframes rightaway.

If someone look for signal in Hourly TF and based their entry on the same timeframe, most time that would be too late and the price is already shooting back especially in ranging times or you have a strong S/R in front of the price. Just becareful....

NG...thanks for your insight...we all appreciate it.

  • #209
  • Jun 28, 2010 11:32pm Jun 28, 2010 11:32pm
Quoting NiceGuy
my opinion is this system is better on Higher time frames above the M ones. If we a see a potential signal in H tf, we should look for entry on lower timeframes rightaway.

If someone look for signal in Hourly TF and based their entry at 3rd candles on the same timeframe, most time that would be too late and the price is already shooting back especially in ranging times or you have a strong S/R in front of the price.
NiceGuy, I would like to make sure I understand you. If the third candle on H-1 is too late, what do we do? Would you suggest wait not for the third candle, but just for the color change on H-1 and right after that (it would be the very beginning of the second H-1 candle) go to M-15 and if there is the same color's third candle - enter on M-15? Could you show us some pictures to illustrate what you mean?

P.S. NiceGuy, I'd like to say that I really appreciate everything you've done for this thread and for this forum!
  • #210
  • Edited 4:51am Jun 29, 2010 3:37am | Edited 4:51am
Quoting Fokusnik
NiceGuy, I would like to make sure I understand you. If the third candle on H-1 is too late, what do we do? Would you suggest wait not for the third candle, but just for the color change on H-1 and right after that (it would be the very beginning of the second H-1 candle) go to M-15 and if there is the same color's third candle - enter on M-15? Could you show us some pictures to illustrate what you mean?

P.S. NiceGuy, I'd like to say that I really appreciate everything you've done for this thread and for this forum!
I am not trading this system, I just tried it for a couple hours yesterday. I tell you what... Sometimes it's nice to see those color for trading compared to reading candle by candle trading like i do for live.

Btw If I do trading this, I might do this.... and this doesn't mean I am right...


EU H1
Attached Image (click to enlarge)
Click to Enlarge Name: PM_02.jpg Size: 254 KB


The key is.."Sell is right after it bounce from ceiling and buy is right after it bounce from the floor". It would be an easy job if we get used to spot the ceiling and the floor. That's why I always encourage people to learn and try to understand the pair's movement behaviour before trading it. But still I envy others who trade multi pair and succeed in long term. I also envy any of you who can bear to lose +50 pips in trading and still re-entering position right after it. How do you guys do that?

Pips is not everything in trading. Your bankroll is.
Good luck.
NG
  • #211
  • Jun 29, 2010 4:55am Jun 29, 2010 4:55am
Hmm.... interesting system, indeed.

It's kinda very much simpler than many system I guess.

For you had used this system, may I know what's the result of this system in your trade?
  • #212
  • Jun 29, 2010 5:45am Jun 29, 2010 5:45am
Quoting NiceGuy

The key is.."Sell is right after it bounce from ceiling and buy is right after it bounce from the floor".

Pips is not everything in trading. Your bankroll is.
Good luck.
NG


How true.

I can see your posts/trades in the ALF thread, and boy, m5, is really too fast for me. But I envy your trades too. I am "concentrating" on m15 EU, and hope that I, one day, can develop an eagle eye too, in so far as analyzing the PA is concerned.

Thank you for your valuable insights.
  • #213
  • Jun 29, 2010 6:28am Jun 29, 2010 6:28am
Hi there...

On TF M5... I'm using 63 for NLMA (21 for TF15) & 252 for NLMA (84 for TF15)... Works OK...


Cheers!
  • #214
  • Jun 29, 2010 6:31am Jun 29, 2010 6:31am
Quoting Syahmi
Hi there...

On TF M5... I'm using 63 for NLMA (21 for TF15) & 252 for NLMA (84 for TF15)... Works OK...


Cheers!

Kindly post some charts please... so we can learn from your experiences.


  • #215
  • Jun 29, 2010 6:40am Jun 29, 2010 6:40am
Quoting NiceGuy
The key is.."Sell is right after it bounce from ceiling and buy is right after it bounce from the floor". It would be an easy job if we get used to spot the ceiling and the floor. That's why I always encourage people to learn and try to understand the pair's movement behaviour before trading it. But still I envy others who trade multi pair and succeed in long term. I also envy any of you who can bear to lose +50 pips in trading and still re-entering position right after it. How do you guys do that?

Pips is not everything in trading. Your...
NiceGuy, thank you very much!
  • #216
  • Jun 29, 2010 6:55am Jun 29, 2010 6:55am
Quoting Fokusnik
NiceGuy, thank you very much!
BTW... NOW..I am seeing a possible floor in EU.
Just closed my last trade with -2 pips and stay alert for NY

Prepare your action guys.....

  • #217
  • Jun 29, 2010 8:02am Jun 29, 2010 8:02am
Quoting Syahmi
Hi there...

On TF M5... I'm using 63 for NLMA (21 for TF15) & 252 for NLMA (84 for TF15)... Works OK...


Cheers!

S:

I don't quite understand...Can you explain in again please in an easier format...like:

M5, using ...
M15, using ...
M60 using ...


I was confused from your statement...thanks.
  • #218
  • Jun 29, 2010 8:04am Jun 29, 2010 8:04am
Quoting NiceGuy
BTW... NOW..I am seeing a possible floor in EU.
Just closed my last trade with -2 pips and stay alert for NY

Prepare your action guys.....


Shame I'm not trading EU anymore...too volatile for me...still sticking with UJ.


bad news...

FF says they cannot change my name
  • #219
  • Jun 29, 2010 8:08am Jun 29, 2010 8:08am
Quoting Syahmi
Hi there...

On TF M5... I'm using 63 for NLMA (21 for TF15) & 252 for NLMA (84 for TF15)... Works OK...


Cheers!

another note...on M5, 21 setting seems to coincide pretty well with Alf...NG is saying that waiting for another candle for confirmation might be too late...or at least I think that is what he is saying.
  • #220
  • Jun 29, 2010 8:16am Jun 29, 2010 8:16am
appears that UJ Daily S3 might be R level...I potentially see a major drop on M5 to weekly S1 level.

anyone else see this?
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