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Sonic R. System

  • #13,261
  • Jul 9, 2010 6:24am Jul 9, 2010 6:24am
Quoting Pumlitch
my mistake. Prague is currently GMT+2 .
Pumlitch, just remember that setting it properly has nothing to do with where YOU are, but instead what time zone your broker's MT4 server is located in!

For example, I personally am in the EST time zone GMT-4, but my broker's server is at GMT+3. And it is where the server is that counts.

BTW, I have been trying to decipher your avatar. Is it baseball and the guy is sliding into the plate? Is it soccor? Or is it martial arts, and you are just kicking the sh_t off someone's shoulders.....?
  • #13,262
  • Jul 9, 2010 6:33am Jul 9, 2010 6:33am
This indicator will tell you your local time and your server time.

just load like any other indicator. It works.
Attached File(s)
File Type: mq4 GMT-offset.mq4   3 KB | 656 downloads
  • #13,263
  • Jul 9, 2010 6:34am Jul 9, 2010 6:34am
Quoting traderathome
Pumlitch, just remember that setting it properly has nothing to do with where YOU are, but instead what time zone your broker's MT4 server is located in!

For example, I personally am in the EST time zone GMT-4, but my broker's server is at GMT+3. And it is where the server is that counts.

BTW, I have been trying to decipher your avatar. Is it baseball and the guy is sliding into the plate? Is it soccor? Or is it martial arts, and you are just kicking the sh_t off someone's shoulders.....?
Ouhh I quoted wrong post. My broker (XTB) seems to be +1, I am +2. At least it looks like

my avatar?
Taekwondo. Picture: One guy is supposed to kick and brake the board, but kicked the holder's head instead of the board. Clear?
Follow my trading on Twitter and FB: @pumlitch
  • #13,264
  • Jul 9, 2010 6:39am Jul 9, 2010 6:39am
Quoting Pumlitch
Ouhh I quoted wrong post. My broker (XTB) seems to be +1, I am +2. At least it looks like

my avatar?
Taekwondo. Picture: One guy is supposed to kick and brake the board, but kicked the holder's head instead of the board. Clear?
Well, just enter "0", "1", "2" until your chart vLines are placed as mine are.
  • #13,265
  • Jul 9, 2010 6:46am Jul 9, 2010 6:46am
Quoting traderathome
Well, just enter "0", "1", "2" until your chart vLines are placed as mine are.
So finally. My server is +2 accornigly to GMT-Offset indy. V Lines are OK.

But, in the TzPivotsD I have to put "2" as server offset an "3" as Choice in order to get the start position of pivots at 0:00. Then GMT+3 is shown at the label....
Follow my trading on Twitter and FB: @pumlitch
  • #13,266
  • Jul 9, 2010 6:55am Jul 9, 2010 6:55am
Quoting Pumlitch
So finally. My server is +2 accornigly to GMT-Offset indy. V Lines are OK.

But, in the TzPivotsD I have to put "2" as server offset an "3" as Choice in order to get the start position of pivots at 0:00. Then GMT+3 is shown at the label....
The TzPivotsD indy includes CaveMan's DST code, which automatically makes changes when world goes on/off of DST. The two TZ settings (broker GMT offset, and desired location GMT offset) are input based on non-DST time (it is important that users know this, or things will go wrong). And everything works automatically from there on, for shifted pivots. However, if user goes back to non-shifted pivots (TZ settings identical, i.e. 0,0 or 2,2) then they must change the DST setting in external inputs to false if the world is on DST time. If this setting is not changed to false during DST, then the non-shifted broker server based pivots will still be shifted one hour! This I will be automating in the next release.

Our vLines code does not have DST code from CaveMan (maybe in future), so we must manually put in correct GMT offsets twice a year.
  • #13,267
  • Jul 9, 2010 7:01am Jul 9, 2010 7:01am
Quoting traderathome

... if the world is on DST time. If this setting is not changed to false during DST, then the non-shifted broker server based pivots will still be shifted one hour! This I will be automating in the next release.

Our vLines code does not have DST code from CaveMan (maybe in future), so we must manually put in correct GMT offsets twice a year.
only one problem with that .....

http://www.timeanddate.com/time/dst2010.html

easy way is at LO see if the indi show a LO VLine if not adjust with a +/- 0,1 or 2 etc
  • #13,268
  • Jul 9, 2010 7:03am Jul 9, 2010 7:03am
Quoting traderathome
The TzPivotsD indy includes CaveMan's DST code, which automatically makes changes when world goes on/off of DST....
Yes! Tz Pivot works properly now. Thank you.
Follow my trading on Twitter and FB: @pumlitch
  • #13,269
  • Jul 9, 2010 7:12am Jul 9, 2010 7:12am
Quoting PabloOnFX
only one problem with that .....

http://www.timeanddate.com/time/dst2010.html

easy way is at LO see if the indi show a LO VLine if not adjust with a +/- 0,1 or 2 etc
I don't understand why you say there is a problem. Are you referring to the discussion of the TzPivotsD settings, or our vLines setting?

TzPivotsD is flawless, with the exception of needing a bit more DST automation, which I have already coded and will release when some other items are finished.

As far as our vLines setting go, I have included the clock indy in the template. This way, whenever DST changes, when the clock says it is 8am local London time, adjust the vLines setting (as you said) to move the vLines accordingly. And, should it be necessary, the individual vLines settings can be adjusted using the clock indy in the same manner. That is a problem?
  • #13,270
  • Jul 9, 2010 7:19am Jul 9, 2010 7:19am
Quoting traderathome
I don't understand why you say there is a problem....
Only that different countries go on/off DST at different times and if at all.

The automation needs to take that into account.

The 'if at all" is the easy bit.

Pablo
  • #13,271
  • Jul 9, 2010 7:26am Jul 9, 2010 7:26am
EU Watch, Short Trade Update:

I have closed a portion near DS1 for 60 pips profit. And I will look to add this back should there be a good sized price pump.
Edit: And I have closed some near quarter number for 71 pips profit. Again, will add back if price is driven back up sufficiently.
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  • #13,272
  • Jul 9, 2010 7:36am Jul 9, 2010 7:36am
Quoting PabloOnFX
Only that different countries go on/off DST at different times and if at all.

The automation needs to take that into account.

The 'if at all" is the easy bit.

Pablo
CaveMan's DST code is quite extensive and complete. It has built-in different DST settings based on different server locations, to handle just what you are talking about. He even provided a way for users with servers in a location not included in his various pre-set DST locations, to format their own! You should look at the compile! I doubt there is any practical situation he has not provided for.
  • #13,273
  • Edited 8:12am Jul 9, 2010 7:47am | Edited 8:12am
UJ Watch:

PA has formed desired HL sequence and seems poised at the half number for a drop. So far the range today is less than 40 pips, so there is room to fall.

Edit: I don't trade this pair very often because it has a 50% higher spread and a 50% lower Daily range (average) than EU.....so why bother? But, I am in it and while waiting for something to happen (over 24 hours now), I remember why I told myself the last time never to trade this pair again! I was in a trade that started with a good looking setup. But shortly after entering, price went stale....nowhere....nada....for days it seemed like! So, eventually I said, "To hell with it!" and closed the trade. Later the same day it plummeted well over 100 pips, actually extending the average range considerably because of the size of the drop! So, I'll hang on this time.
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  • #13,274
  • Jul 9, 2010 7:52am Jul 9, 2010 7:52am
Quoting traderathome
Welcome to the thread, KumoDragon.

First of all, in the P.S. following your list of questions, you refer to SonicR as my method. It is not. SonicR is the product of Sonicdeejay. He has been busy of late and posting only infrequently. But he is the Father of this thread, and the Master of the use of the method.

Ok, that having been cleared up, I'll ty to answer your questions in a meaningful way:

1. The SonicR method is unchanged, from thread start to finish. And "Yes!", it was, is, and will always be a highly successful method, pure and...
Thank you soooo much. Sorry about the mistaken identity. I see other people have made the same mistake.

Already took my first 4 live trades with this method. Though with small lots since I'm new with this. (I always try things live ) One small loss on GU, but that was in off hours late last night.

Other three:
EU up+50
EJ up +11
GU up +12

I know you don't use them but I put a 40 pip trail on just to see what will happen with a TS.
  • #13,275
  • Jul 9, 2010 7:57am Jul 9, 2010 7:57am
Quoting traderathome
UJ Watch:

PA has formed desired HL sequence and seems poised at the half number for a drop. So far the range today is less than 40 pips, so there is room to fall.
Got my sell stop set up for that one too. Entry is 10 pips below the last bars low right?

I noticed that wick went just above and into the dragon tunnel. Do we put the entry below the wick or below the body?

EDIT: Just looked at the manual, unless I'm wrong it's the wick because that is the low.
  • #13,276
  • Jul 9, 2010 8:02am Jul 9, 2010 8:02am
Quoting KumoDragon
Got my sell stop set up for that one too. Entry is 10 pips below the last bars low right?

I noticed that wick went just above and into the dragon tunnel. Do we put the entry below the wick or below the body?

EDIT: Just looked at the manual, unless I'm wrong it's the wick because that is the low.
Sonic's post #12 might help you.....several pips beyond.....

Ten pips beyond the wick seems a bit too conservative, possibly bordering on 'late'.
  • #13,277
  • Jul 9, 2010 8:15am Jul 9, 2010 8:15am
TAH excellent MM .
I like the way you close partially .
After taking Tp1 + Tp2 ...
where do u keep your SL ?
Do u lock your SL for some extra profits ?
At what stage do you generally move your SL to BE ?
Tks
David
Quoting traderathome
EU Watch, Short Trade Update:

I have closed a portion near DS1 for 60 pips profit. And I will look to add this back should there be a good sized price pump.
Edit: And I have closed some near quarter number for 71 pips profit. Again, will add back if price is driven back up sufficiently.
  • #13,278
  • Jul 9, 2010 8:20am Jul 9, 2010 8:20am
Quoting traderathome
Sonic's post #12 might help you.....several pips beyond.....

Ten pips beyond the wick seems a bit too conservative, possibly bordering on 'late'.

Thanks I'll give it the once over.
  • #13,279
  • Edited 8:37am Jul 9, 2010 8:22am | Edited 8:37am
Quoting david4u
TAH excellent MM .
I like the way you close partially .
After taking Tp1 + Tp2 ...
where do u keep your SL ?
Do u lock your SL for some extra profits ?
At what stage do you generally move your SL to BE ?
Tks
David
David, my method of handling SLs is quite simple......I put them on the chart where I think they look good, and then ignore them!

I'll usually move them to BE.......after the trade is closed!

Seriously, I have not mastered the art of SLs!

Edit: Ok, that was fun! Actually my SLs are practically always just mental. I won't put them into the system for obvious reasons. Many times I move SLs as price approaches them, add to trade, and come out alright. It wasn't always that way though. The difference now is, I think, a better understanding of price movements in the market....knowing when to do this, and when not to. And I have not yet found a way to quantify and qualify this for any "manual". It is more like a "sense" that gets developed over time. About the only time I actually set a SL into the system is if I already have a good profit, but must leave the computer at a time when I believe it could easily run more. In this case I'll set it close to current PA to protect the profits instead of just closing out the trade. Believe me, I am still trying to figure out a good SL management method.....and I haven't yet. A trade needs room to "breathe". And therein lays the problem.
  • #13,280
  • Jul 9, 2010 8:24am Jul 9, 2010 8:24am
Quoting traderathome
Sonic's post #12 might help you.....several pips beyond.....

Ten pips beyond the wick seems a bit too conservative, possibly bordering on 'late'.
Looked it over and the manual again. He just say, "a few," in both places. I coulda sworn I had seen 10 pips in a post there somewhere.

Anyway what do you consider a few? And it is differrent for each pair? And what do you base it on?

Sorry if I sound like a pest, but a few pips could mean the difference between a good entry and a reversal you'd rather not be in.
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