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Trendline Scalping 4hr timeframe

  • #341
  • Jul 25, 2010 10:20am Jul 25, 2010 10:20am
Quoting Ibz
& if nobody help to answer my qestions , I am looking elsewhere .
Dude, it's all on page 1...
You are in a maze of twisty little passages, all alike.
  • #342
  • Jul 25, 2010 10:56am Jul 25, 2010 10:56am
Quoting Ibz
Hi , I am new to your tread . can you summarise the trading methodlogy so I can follow ? example :-

1 ) ideal timeframe
2 ) entry level
3 ) exit level
4 ) SL level ( hard SL ? )
5 ) TP level ?

Cheers
Read the thread. Your questions have been answered many, many times.
If you are interested in this strategy, read the thread, if not, leave.
  • #343
  • Jul 25, 2010 4:56pm Jul 25, 2010 4:56pm
ok guys first of all here's how my nnhost works. it scans my datafeed provided by reuters api and bloomberg api. It then draws these trendline and plots trades accordingly. when the price hits the level of the third bounce it will generate a sell signal or buy signal. Now i cant be running the nnhost on every machine or from my laptop because i will have to install bloomberg and reuters and quite frankly it will congest my hardware and make everything a hassel.
my solution was the nnclient(nothing like the one i have released for ff).
The nnclient you see now is basically the same as i had for myself but is tweaked for ff(and made the gui a whole lot nicer).

I have been using this method for 5 years but have been using my nn for around 3. I have been successful this entire time.
steevegee58, this isnt just a blackbox system. I do understand where you are coming from. My method is clearly outlined in this thread and thats how my host plots its lines(not based on some random magic algorithm). sure there is an ea to do do something similar but the ea's enter blindly. my host takes news into account(when i have it flagged to do so). Not just that, i dont use mt4 for my broker, how would i enter such trades on a non mt4 account? This is unversal for all brokers with 1click execution.

I would suggest testing on a demo account firstly.

The client has room for 6pairs so my next pair in line is most likely ej. i only trade gy so if anyone has any suggestions that would be good.
  • #344
  • Jul 25, 2010 5:25pm Jul 25, 2010 5:25pm
Hi David

I would suggest also GBP/USD and maybe USD/JPY. What do you think?
  • #345
  • Jul 25, 2010 5:41pm Jul 25, 2010 5:41pm
Quoting fguru
Hi David

I would suggest also GBP/USD and maybe USD/JPY. What do you think?
thanks for that fguru, have you traded these with any success? tp and sl will also have to be adjusted so i will watch over them or if anyone else has been trading these 2 pairs what sl and tp's ahve you been using? the 50pip sl and tp i use for the gy is only good for fast moving fx pairs..

appreciate the feedback
  • #346
  • Jul 25, 2010 5:49pm Jul 25, 2010 5:49pm
Quoting david486
hey roundrock, it works on all platforms with 1-click execution orders.
how it works is it connects to my main nnhost which lists the trades. the trades will be visible through the nnclient and you can choose to autoexecute them if you wish. The way it autoexecutes is via mouse clicks and remembering where the buy and sell buttons are on your one click order window. so when my nnhost(which analyzses market for these trend patterns) lists a trade everyone who is connected can see that trade and auto trade it(when it hits the line on the 3rd bounce)...
ok david, got it. thanks for the explanation. its something like it records your button execution, writes its scripts and remembers it and then next time does it automatically. but how about the quantity ? does it take same qty everytime ? also the symbol has to be in same exact location in the window, if it is changed then it will place order for a different pair ? how does it remeber the pair since we have more than 1 pair.

i wrote something like this AUTOIT, for my broker for stocks. it works great !!
  • #347
  • Jul 25, 2010 5:51pm Jul 25, 2010 5:51pm
Thanks for your explanation, it was quite interesting. So the reuters and bloomberg datafeeds are for knowing when news events are coming to avoid entry?

I'm learning about NNs now and experimenting with them. What are the inputs to the NN and how many neurons and layers are there?
You are in a maze of twisty little passages, all alike.
  • #348
  • Jul 25, 2010 5:54pm Jul 25, 2010 5:54pm
Quoting roundrock
ok david, got it. thanks for the explanation. its something like it records your button execution, writes its scripts and remembers it and then next time does it automatically. but how about the quantity ? does it take same qty everytime ? also the symbol has to be in same exact location in the window, if it is changed then it will place order for a different pair ? how does it remeber the pair since we have more than 1 pair.

i wrote something like this AUTOIT, for my broker for stocks. it works great !!
hey roundrock, i have used software which works similar to this 2. basically it records the exact location on the screen for where the buy and sell buttons are. if you move the order window it will just click whatever is behind the order window -probably just empty space or a chart. Going from the readme file you will have to set up the buy/sell everytime you open the program or every time the checkbox is unticked.

as for stop loss, take profit and lot size this is determined by you. You may want to open a oco order where you can specify the sl and tp as for the order size this is defined by you.
I have cell message notification on my broker so when i get the message i will log in via my iphone and will set my tp and sl if im out..

pretty darn good setup dave, this must of took you a while.. appreciate all you have done for us im already more successful than i ever was because of your method.
  • #349
  • Jul 25, 2010 6:18pm Jul 25, 2010 6:18pm
Quoting john19r
pretty darn good setup dave, this must of took you a while.. appreciate all you have done for us im already more successful than i ever was because of your method.
I agree - Thanks Dave!
  • #350
  • Edited 11:21pm Jul 25, 2010 10:39pm | Edited 11:21pm
no probs guys.
just a quick update, no trades generated for the gy yet(for those watching the charts and not connected to nn)
  • #351
  • Jul 25, 2010 11:44pm Jul 25, 2010 11:44pm
Thanks David can't wait to make some pips this week
  • #352
  • Jul 25, 2010 11:47pm Jul 25, 2010 11:47pm
Quoting crowbar2010
Thanks David can't wait to make some pips this week
im excited aswell!
  • #353
  • Jul 26, 2010 12:42am Jul 26, 2010 12:42am
Gee!..... I hate to be a pain in the you know where.....however I am not sure if I followed the correct steps. I have the fxdavenn window open, it currently says No Pending trades. Window will auto update. ( I have the box at the beginning of the sentence checked)......I hope that's it.

Just wondering if someone could confirm that with me.

Many thanks
What you do is a reflection of you....what I do is a reflection of me.
  • #354
  • Jul 26, 2010 1:05am Jul 26, 2010 1:05am
Quoting Ezzy
Gee!..... I hate to be a pain in the you know where.....however I am not sure if I followed the correct steps. I have the fxdavenn window open, it currently says No Pending trades. Window will auto update. ( I have the box at the beginning of the sentence checked)......I hope that's it.

Just wondering if someone could confirm that with me.

Many thanks
ezzy, all that is is just a notice to say there are no trades yet generated. as soon as a trade is generated that line will be replaced with for example
"BUY GY TL1 L1: 135.35 L2:135.55 50/50"(only an example)
if you have the checkbox ticked make sure you setup the co-ordinates of the buy/sell buttons correctly. watch the vid if not sure.

david48644

hope this helps
  • #355
  • Jul 26, 2010 1:10am Jul 26, 2010 1:10am
Quoting david486
ezzy, all that is is just a notice to say there are no trades yet generated. as soon as a trade is generated that line will be replaced with for example
"BUY GY TL1 L1: 135.35 L2:135.55 50/50"(only an example)
if you have the checkbox ticked make sure you setup the co-ordinates of the buy/sell buttons correctly. watch the vid if not sure.

david48644

hope this helps
Helps a lot, many thanks!!! I just unchecked the box.....so I guess that I will see is a notice as you mentioned above.

Thanks mate

Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #356
  • Jul 26, 2010 2:23am Jul 26, 2010 2:23am
The g/y is looking like it is setting up for a long trade nicely guys, what do you think ?
  • #357
  • Jul 26, 2010 2:35am Jul 26, 2010 2:35am
Quoting crowbar2010
The g/y is looking like it is setting up for a long trade nicely guys, what do you think ?
could, just waiting on a couple more candles
  • #358
  • Jul 26, 2010 3:19am Jul 26, 2010 3:19am
guys also just one more thing patience is the key to success. dont just trade for the sake of trading. its the start of the week plenty of time for setups. as soon as a trade is generated it will be posted on the nn and i will also post here on the forums. just had a few emails asking when i will be making the next trade..
  • #359
  • Jul 26, 2010 4:48am Jul 26, 2010 4:48am
why so rude ? U from where sucker ?


Quoting fguru
Read the thread. Your questions have been answered many, many times.
If you are interested in this strategy, read the thread, if not, leave.
  • #360
  • Jul 26, 2010 7:04am Jul 26, 2010 7:04am
Quoting Ibz
why so rude ? U from where sucker ?

Have you considered you sounded rude and proud..[as if we all owe you a favour] in the first place?..

Please let's not turn this thread to a name calling thread..I believe we all are here for serious business and not for frivolous activities....
God's Love For You Is Sure Never You Doubt It
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