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Monster Muncher Manual Trading Discussion: Compliments SH

  • #81
  • Aug 9, 2010 5:22pm Aug 9, 2010 5:22pm
Hi scottyds,

I had that problem. I put the Breakout v4 in indicators, under the experts file. Download to experts only, not indicators.
Also, the system works best in GMT broker charts. IBFX and Forex.Com are two GMT brokers. Stevefx uses IBFX.
Hope this helps.

pipsacker
  • #82
  • Aug 10, 2010 11:05am Aug 10, 2010 11:05am
Just got on. Anyone catch the GU trade? Its the only one i've noticed get triggered so far this week. Its already up 70 points.

UJ trade from last friday was worth 110 points, as it turns out.
Attached Image (click to enlarge)
Click to Enlarge Name: GUh1.png Size: 438 KB
  • #83
  • Aug 10, 2010 11:20am Aug 10, 2010 11:20am
Good your power's back Stevefx!

I just updated the template so I see the GU trade now. I gotta remember to refresh every hour for new signals too.
  • #84
  • Aug 10, 2010 11:35am Aug 10, 2010 11:35am
Quoting stevefx
Just got on. Anyone catch the GU trade? Its the only one i've noticed get triggered so far this week. Its already up 70 points.

UJ trade from last friday was worth 110 points, as it turns out.
how can something like that happen? second pic after reload!!

regards mtbf40
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU_H1.PNG Size: 60 KB
Click to Enlarge Name: GU_H1_1.PNG Size: 64 KB
  • #85
  • Aug 10, 2010 11:40am Aug 10, 2010 11:40am
Quoting mtbf40
how can something like that happen? second pic after reload!!

regards mtbf40
I don't know how many times I can write it.

You must refresh the template each hour. There is a bug. When you reload the template it restores it to its original, proper setting.

Once per hour folks. It will offshift on each new bar it makes.

Refresh each hour, thanks.
  • #86
  • Edited 1:18pm Aug 10, 2010 12:26pm | Edited 1:18pm
Quoting stevefx
Just got on. Anyone catch the GU trade? Its the only one i've noticed get triggered so far this week. Its already up 70 points.

UJ trade from last friday was worth 110 points, as it turns out.
Hi Steve,

So glad you're back! I caught the ride both on demo and real! I had an alert going off at 1.5750 but I slept through them til 1.5720, which turned out well. It's amazing that price came right down to the line as if to say hello and bounced from there. Being my first, I closed out the trade at 70 pips. This strategy really ROCKS! Can't seem to thank you enough!

What I'm also liking a lot about this strategy is the entry. It's the best I've seen so far (but then again I haven't been around that long...) I'm also curious where in the 30-50 range are you setting your stop loss? How about target?

In your loosest definition of RSI < 32, would you have also taken the GJ trade? I had my alert set at 135.00 and it got as low as 135.019. Perhaps I need to give it more room.

Thank you kindly,
Leftcoaster

ps. What a ride on UJ! Would you consider holding over the weekend say if you moved your position to breakeven?
  • #87
  • Aug 10, 2010 12:50pm Aug 10, 2010 12:50pm
Quoting leftcoaster
Hi Steve,

So glad you're back! I caught the ride both on demo and real! I had an alarm going off at 1.5750 but I slept through them til 1.5720, which turned out well. It's amazing that price came right down to the line as if to say hello and bounced from there. Being my first, I closed out the trade at 70 pips. This strategy really ROCKS! Can't seem to thank you enough!

What I'm also liking a lot about this strategy is the entry. It's the best I've seen so far (but then again I haven't been around that long...) It beats candlestick...
Hi Leftcoaster,

I missed this trade-the cable guy was still repairing my system when all this was happening. 70 pips is great!

Keep an eye on GU as it might keep going up til its right under the Red line and go OB, at which point we'd have a sell signal.

Not sure where I would have put my stop on that trade, probably 30 pips or so, as its a pretty steep downtrend.

As far as holding over the weekend. I don't really believe that brokers can guarantee SL's on weekend trades. They say they can, but i've heard some pretty spooky stories about that stuff. I'd rather avoid.

Anyway glad someone got the trade. Week is starting a bit slow. Should pick up-I'll try to call the trades I see as they happen.
  • #88
  • Aug 10, 2010 1:08pm Aug 10, 2010 1:08pm
The Friday usdjpy trade and this gbpusd set-up were beauties Stevefx!

I'll be demo-ing for a while to get a feel for your system. Impressive so far.

Thanks for your guidance.
  • #89
  • Aug 10, 2010 1:17pm Aug 10, 2010 1:17pm
Quoting stevefx
Hi Leftcoaster,

I missed this trade-the cable guy was still repairing my system when all this was happening. 70 pips is great!

Keep an eye on GU as it might keep going up til its right under the Red line and go OB, at which point we'd have a sell signal.

Not sure where I would have put my stop on that trade, probably 30 pips or so, as its a pretty steep downtrend.

As far as holding over the weekend. I don't really believe that brokers can guarantee SL's on weekend trades. They say they can, but i've heard some pretty spooky stories about...
Thanks! I'll keep an eye out on GU just to get a feel of everything.

Not sure if you saw my edited post and the GJ question. Would you, in your loosest definition of RSI <32, taken the GJ trade as well?

Looking foward to your calls!
Onward & upward,
Leftcoaster
  • #90
  • Aug 10, 2010 1:22pm Aug 10, 2010 1:22pm
Quoting Poocher
The Friday usdjpy trade and this gbpusd set-up were beauties Stevefx!

I'll be demo-ing for a while to get a feel for your system. Impressive so far.

Thanks for your guidance.
Anytime Poocher-

hope to see a whole bunch of Monster Muncher experts kicking ass in a couple of weeks time

-talking about kicking ass, GU went nuts, its up 140 points already...
  • #91
  • Aug 10, 2010 1:25pm Aug 10, 2010 1:25pm
Quoting stevefx
Anytime Poocher-

hope to see a whole bunch of Monster Muncher experts kicking ass in a couple of weeks time

-talking about kicking ass, GU went nuts, its up 140 points already...
WOW! Definitely have to work on that refining that exit! Awesome!
  • #92
  • Aug 10, 2010 1:27pm Aug 10, 2010 1:27pm
Quoting leftcoaster
Thanks! I'll keep an eye out on GU just to get a feel of everything.

Not sure if you saw my edited post and the GJ question. Would you, in your loosest definition of RSI <32, taken the GJ trade as well?

Looking foward to your calls!
Onward & upward,
Leftcoaster
Yikes, had my eyes on the message boards, missed that

I would have taken that on the basis that RSI already hit 30 and even though is showing higher than 30 when it hit green line-its a divergence signal.

I was going to cover divergence signals later-is a little more advanced, but I think you get the idea already.
  • #93
  • Aug 10, 2010 1:39pm Aug 10, 2010 1:39pm
Hi,

Does anyone know what to modify in order to thicken the Red/Blue/Green lines? I found the section of the code that draws the lines if that's helpful:


//6)Draw a straight line through point #3 (avg of 1st and 2nd six bar averages) and #5 (average of 2nd and 3rd
//six bar averages)
if(ObjectFind(TrendLine) != -1) ObjectDelete(TrendLine);
ObjectCreate(TrendLine, OBJ_TREND, 0, TlStart, P3, TlEnd, P5);
ObjectSet(TrendLine, OBJPROP_COLOR, Red);

//Draw the sell trend line
if(ObjectFind(SellLine) != -1) ObjectDelete(SellLine);
ObjectCreate(SellLine, OBJ_TREND, 0, TlStart, SellTrendLineP1, TlEnd, SellTrendLineP2);
ObjectSet(SellLine, OBJPROP_COLOR, Blue);

//Draw the buy trend line
if(ObjectFind(BuyLine) != -1) ObjectDelete(BuyLine);
ObjectCreate(BuyLine, OBJ_TREND, 0, TlStart, BuyTrendLineP1, TlEnd, BuyTrendLineP2);
ObjectSet(BuyLine, OBJPROP_COLOR, Green);

Thank you!
Leftcoaster
  • #94
  • Aug 10, 2010 6:50pm Aug 10, 2010 6:50pm
Looks like GJPY might give us all another chance. Keep an eye on it, already hitting green line, just need RSI indication to complete signal.
  • #95
  • Aug 10, 2010 7:45pm Aug 10, 2010 7:45pm
Eur/Jpy is there, giving long signal.
  • #96
  • Aug 10, 2010 7:56pm Aug 10, 2010 7:56pm
EJ long signal.
Attached Image (click to enlarge)
Click to Enlarge Name: EJH1long.png Size: 427 KB
  • #97
  • Aug 11, 2010 2:23am Aug 11, 2010 2:23am
Quoting leftcoaster
Hi,

Does anyone know what to modify in order to thicken the Red/Blue/Green lines?
Try to add this line to the code after each ObjectCreate (the name should also be the same as in ObjectCreate), where n=1-5. I guess 1 is default so start from 2.
ObjectSet(TrendLine, OBJPROP_WIDTH, n);
  • #98
  • Aug 11, 2010 2:33am Aug 11, 2010 2:33am
Hi Steve,

i always get this error - but only with the GU - not in another pairs
which settings are meant here?

thx

Inserted Code
BreakoutV4 GBPUSD,H1: GBPUSD OP_SELL SteveFx order send failed with error(4109): trade is not allowed in the expert properties
  • #99
  • Aug 11, 2010 2:40am Aug 11, 2010 2:40am
Quoting z01z
Try to add this line to the code after each ObjectCreate (the name should also be the same as in ObjectCreate), where n=1-5. I guess 1 is default so start from 2.
ObjectSet(TrendLine, OBJPROP_WIDTH, n);
Thank you z01z! It worked like a charm! I input '3' to be sure I could visibly see the difference and wa-la, done!

Mucho gracias,
Leftcoaster
  • #100
  • Aug 11, 2010 5:58am Aug 11, 2010 5:58am
Oh well, MM threw up a brick with EJ. Can't win them all-is why we use stops.

Notice a couple other correlated yen pairs also threw up bricks. Yen was just crazy strong last night. But no sense in taking multiple trades where pairs are running together. Its basically the same as doubling or tripling your bet on one pair.

Better luck next time..
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