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Monster Muncher Manual Trading Discussion: Compliments SH

  • #41
  • Aug 6, 2010 10:55am Aug 6, 2010 10:55am
Quoting ianlikesgolf
Hi Steve

my green line is at 86.475 with the stevefx and breakout 4 versions.
Im using fx pro. may i ask which broker you have the charts on, so I may download the demo and see if I get the same price for the green line on USDJPY 1 hr chart.

All the best
Ian
Hi Ian,

I'm using IBFX. It may be an issue of the GMT offset times. IBFX runs on GMT. I'll check the charts to see about other brokers. Thanks.
  • #42
  • Edited 11:25am Aug 6, 2010 11:10am | Edited 11:25am
Quoting stevefx
Hi Ian,

I'm using IBFX. It may be an issue of the GMT offset times. IBFX runs on GMT. I'll check the charts to see about other brokers. Thanks.
Yeah, Fxpro is GMT +2. Since Monster Muncher is programmed to start its counting at midnight at the start of the week, Fxpro is starting two hours later than IBFX. This is throwing the charts off.

(Actually is starting two hours earlier if its GMT +2)
  • #43
  • Aug 6, 2010 11:24am Aug 6, 2010 11:24am
Hi stevefx,

It does not matter. Green line at 84.97 on both. I am using Forex.com, it is GMT time.

pipsacker
  • #44
  • Aug 6, 2010 11:27am Aug 6, 2010 11:27am
Quoting pipsacker
Hi stevefx,

It does not matter. Green line at 84.97 on both. I am using Forex.com, it is GMT time.

pipsacker
Hrm, all I can suggest for now is to download an IBFX demo.
  • #45
  • Aug 6, 2010 11:35am Aug 6, 2010 11:35am
Im having trouble with my IBFX demo freezing when I load the template.

I will post again when its working and check the line levels.

Its past sleeping time here in Japan

Good night
Ian
  • #46
  • Aug 6, 2010 11:41am Aug 6, 2010 11:41am
Hi stevefx,

I don't think there will be a problem with just a couple of pips difference. Just make sure it is overbought/oversold.

pipsacker
  • #47
  • Aug 6, 2010 11:44am Aug 6, 2010 11:44am
Quoting pipsacker
Hi SteveFX,

Finally got it working. Put into experts and refreshed the template.
Thanks.
My USD/JPY is a bit different, too. Probably broker thing. Mine never closed on or below the green line. It spiked through it a couple of pips and went back up. Would this be an acceptable trade?

pipsacker
Hi pipsacker-this would be acceptable. Your green line is a lot closer to mine than ian's on FXpro, so it does matter that you are using a GMT offset broker. We are only about 10 points apart. Fxpro is more like 50, way off.
Each broker can also represent the price data slightly different, which can also account for some discrepancy. They are all market makers, imitating actual FX exchange prices, so there will be minor discrepancies from one to the other.
  • #48
  • Aug 6, 2010 12:01pm Aug 6, 2010 12:01pm
Thanks, stevefx.

pipsacker
  • #49
  • Aug 6, 2010 12:06pm Aug 6, 2010 12:06pm
Green line just dropped about 30 pips on the new hour.

pipsacker
  • #50
  • Aug 6, 2010 12:07pm Aug 6, 2010 12:07pm
Quoting pipsacker
Green line just dropped about 30 pips on the new hour.

pipsacker
Refresh the template. It will go back. The template needs to be refreshed each hour.
  • #51
  • Aug 6, 2010 12:11pm Aug 6, 2010 12:11pm
Yep, thanks.

pipsacker
  • #52
  • Aug 6, 2010 12:18pm Aug 6, 2010 12:18pm
Anyway I've updated the front page to give a warning about the GMT offset time. This is a serious issue. GMT time brokers only recommended.
  • #53
  • Aug 6, 2010 12:31pm Aug 6, 2010 12:31pm
Ya Stevefx I gave up trying to get your system working on MB Trading Metatrader and so downloaded the IBFX demo and it works perfect so far.

Look forward to trying it out next week.

Thanks for sharing!!!
  • #54
  • Aug 6, 2010 12:37pm Aug 6, 2010 12:37pm
Quoting Poocher
Ya Stevefx I gave up trying to get your system working on MB Trading Metatrader and so downloaded the IBFX demo and it works perfect so far.

Look forward to trying it out next week.

Thanks for sharing!!!
Good deal Poocher, your very welcome!
  • #55
  • Aug 6, 2010 1:38pm Aug 6, 2010 1:38pm
I'm out of the JPY trade +30, only because its too late in the day on Friday and I'm not going to hold a position over the weekend.

Happy Weekend to All-
  • #56
  • Aug 6, 2010 1:53pm Aug 6, 2010 1:53pm
adr: if move up less pips than move down for example => then probably move down?
  • #57
  • Aug 6, 2010 3:22pm Aug 6, 2010 3:22pm
Quoting mistersimple
adr: if move up less pips than move down for example => then probably move down?
What you're talking about is using it as an entry strategy. I wouldn't go that far with it, at least using it by itself without another form of confirmation.

When I was looking at it, I was considering it more as an exit strategy. So yeah, if ADR is showing only 10 pips left up before the average upward movement of the day is complete, you'd want to think about taking profit if you are in a long position. Thats the basic idea.

Some kind of entry system could probably be worked out with it, if it was used with another indicator.
  • #58
  • Aug 6, 2010 3:26pm Aug 6, 2010 3:26pm
stevefx, this looks very promising, I will be following along.

1) On the UJ 1hr is the high lighted area a valid sell signal?

2) The other high lighted area's, Is it possible to get rid of all the text?
Attached Image (click to enlarge)
Click to Enlarge Name: uj 1h.gif Size: 73 KB
  • #59
  • Aug 6, 2010 3:31pm Aug 6, 2010 3:31pm
Quoting Four Kids
stevefx, this looks very promising, I will be following along.

1) On the UJ 1hr is the high lighted area a valid sell signal?

2) The other high lighted area's, Is it possible to get rid of all the text?
To answer your first question-not only is it a valid sell signal, but its one I took this week and made some nice pips off of

To answer your second question-just right click the chart, select Expert Advisors, then select "remove". This will leave the lines in place but take away the text.

To take away the ADR indicator in the bottom left corner, right click the chart, select indicators list, then select "ADR no sunday bar", then "delete"

Thanks for following along!

-Cheers
  • #60
  • Aug 6, 2010 4:21pm Aug 6, 2010 4:21pm
I noticed that the template does not include the EA, so just loading the template will not add the EA to the chart, and therefore, no lines will be drawn. I think this may have caused some confusion in loading the setup on the chart.

SteveFX, have you considered revising the template to include the EA with the setting "Allow Live Trading" *unchecked* to make it easier for followers of the thread to more easily load the indys and EA?

Also, for clarification, do any of the settings in the EA affect the drawings of lines on the chart? If so, please advise the settings since they are not currently incorporated into the template file.

Regards,

Octo
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