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  • #881
  • Oct 19, 2010 9:49am Oct 19, 2010 9:49am
Quoting pgpb
Actually, the 29 pips that I took are looking pretty insignificant right now, USD is blasting up, I am at work and I set a profit target because I could not babysit the trade.

I am going to take the royston blocks off my chart, as they could possible cause some confusion, the indicator says yes, the block say "not yet" = confusion

I also waited until price took out the the most recent high

I know that Glen has an indicator at the bottom of his charts that gives a quick visual (long/short) as he watches a number of pairs.

I use...
I see. thanks for the explanation. Good one!
  • #882
  • Oct 19, 2010 3:36pm Oct 19, 2010 3:36pm
I still have open positions on both GBP and EUR, will post the trades tomorrow if they hit trial stops.
It was a good one today
I trust you managed to grab a few green ones today.
" Never let the past hold the future to ransom "
  • #883
  • Oct 20, 2010 1:25am Oct 20, 2010 1:25am
Quoting pgpb
Actually, the 29 pips that I took are looking pretty insignificant right now, USD is blasting up, I am at work and I set a profit target because I could not babysit the trade.

I am going to take the royston blocks off my chart, as they could possible cause some confusion, the indicator says yes, the block say "not yet" = confusion

I also waited until price took out the the most recent high


I know that Glen has an indicator at the bottom of his charts that gives a quick visual (long/short) as he watches a number of pairs.

I use...
Good idea this last high/low pgpb. I tried this non repainting fractal indy to mark the confirmation point. Trailed the stop loosley under the fractal. Finished only with 4 pips but was worth 25 at one stage (meaningless I know)
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-20_1706_with_fractal.png Size: 182 KB
We are all One. Be present. Be the Observer
  • #884
  • Oct 20, 2010 5:41am Oct 20, 2010 5:41am
Hi Glen,

Can you tell us where you put youre stoploss when you enter a trade, and when you decide to take profit.
is it by a take profit stop, or trailingstop from the point you start, close half position??
Hhow much pairs do you follow with the strategy.
kind regards
WIllem/ Dutchsignals
  • #885
  • Oct 20, 2010 7:42am Oct 20, 2010 7:42am
Quoting dutchsignals
Hi Glen,

Can you tell us where you put youre stoploss when you enter a trade, and when you decide to take profit.
is it by a take profit stop, or trailingstop from the point you start, close half position??
Hhow much pairs do you follow with the strategy.
kind regards
WIllem/ Dutchsignals
Hi Willem,

I trade GBPUSD and EURUSD on 60M and GBPUSD on 240M with this strategy.
I use an initial stop of 40 pips for GBP and 35 pips for EUR. Approximately 85% of all trades will hit a minimum of 20 pips if you follow the entry rules and take the entry in time.

Average pip gain on GBP is 30 pips and 26 pips on EUR per lot.

I use the following strategies:

1) TP30 SL40 TS20
2) TP20 30 50 SL40 TS 20
3) TP50 100 SL50 TS50

Average pip gain 900-1100/month GBP and EUR on 60m TF

I use a stop of 60-75 pips on 240M TF trading GBPUSD and use a different exit strategy.
" Never let the past hold the future to ransom "
  • #886
  • Oct 20, 2010 7:46am Oct 20, 2010 7:46am
Yesterday

2 x 50
1 X 100
Attached Image (click to enlarge)
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" Never let the past hold the future to ransom "
  • #887
  • Oct 20, 2010 8:29am Oct 20, 2010 8:29am
Quoting Gleneagles
Yesterday

2 x 50
1 X 100
You have a 60M chart open and get an Arrow on 60M

Mark the High (long signal) Low (short signal)

Flip to 15M

Wait for price to close though the pre-marked high/low

Right?

So is it similar to the 30,5 method but using 60,15?

I'm very routine oriented, so I want to make sure I have this correct.

Also-

Do you ever use the smC4ScalperSignals indy for your Trix arrows, or is it purely the newer smMTFtrioavg_signals_v6?

thanks
  • #888
  • Oct 20, 2010 9:02am Oct 20, 2010 9:02am
Quoting pilotui
You have a 60M chart open and get an Arrow on 60M

Mark the High (long signal) Low (short signal)

Flip to 15M

Wait for price to close though the pre-marked high/low

Right?

So is it similar to the 30,5 method but using 60,15?

I'm very routine oriented, so I want to make sure I have this correct.

Also-

Do you ever use the smC4ScalperSignals indy for your Trix arrows, or is it purely the newer smMTFtrioavg_signals_v6?

thanks

I trade from 5m chart , if you use smMTF with settings as shown it will mirror Royston with same setting ie 60 5. It is the easiest and safest way to trade it, no need to flip TF , you can also do multiple entries if you want to.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Oct. 20 15.56.jpg Size: 134 KB
" Never let the past hold the future to ransom "
  • #889
  • Oct 20, 2010 9:33am Oct 20, 2010 9:33am
Quoting Gleneagles
I trade from 5m chart , if you use smMTF with settings as shown it will mirror Royston with same setting ie 60 5. It is the easiest and safest way to trade it, no need to flip TF , you can also do multiple entries if you want to.
Do you still mark the break line on the 5M arrow? Or do you take every signal...because I am getting an awful lot of arrows with the 60,5 settings.

Thanks
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  • #890
  • Oct 20, 2010 9:36am Oct 20, 2010 9:36am
What about 60,15 but on a 5 min chart...this seems more stable...but I'm kind of lost.
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  • #891
  • Oct 20, 2010 10:13am Oct 20, 2010 10:13am
HI Glen

Am I correct that we are long in the GBP/USD at the timeframe 240??
here is the example.
WIllem
Attached Image
  • #892
  • Oct 20, 2010 10:17am Oct 20, 2010 10:17am
Quoting pilotui
What about 60,15 but on a 5 min chart...this seems more stable...but I'm kind of lost.

GBP was in a messy consolidation not the best time and place to look for trades.
" Never let the past hold the future to ransom "
  • #893
  • Oct 20, 2010 10:21am Oct 20, 2010 10:21am
Quoting dutchsignals
HI Glen

Am I correct that we are long in the GBP/USD at the timeframe 240??
here is the example.
WIllem

Right , good entry was @ 15800 break and previous high.
" Never let the past hold the future to ransom "
  • #894
  • Oct 20, 2010 3:20pm Oct 20, 2010 3:20pm
Hi,
I 'm new to MT4 so please excuss the basic question. how do you load a ex4 file onto a chart if you don't have the mq4 fil other thenloading it with a TPL file. The EA's show up gray but the EX4 indicators doen't show in my Navigator/custom indicator list.
  • #895
  • Oct 20, 2010 4:46pm Oct 20, 2010 4:46pm
Quoting Traderduke
Hi,
I 'm new to MT4 so please excuss the basic question. how do you load a ex4 file onto a chart if you don't have the mq4 fil other thenloading it with a TPL file. The EA's show up gray but the EX4 indicators doen't show in my Navigator/custom indicator list.
EX4 files will show in navigator. You go program files then---platform--then-experts then--indicators. You may have missed last step
We are all One. Be present. Be the Observer
  • #896
  • Oct 20, 2010 4:50pm Oct 20, 2010 4:50pm
Quoting Gleneagles
I trade from 5m chart , if you use smMTF with settings as shown it will mirror Royston with same setting ie 60 5. It is the easiest and safest way to trade it, no need to flip TF , you can also do multiple entries if you want to.
G'day Glen.
So to mirror Roy indy we need to set the SIGNAL SHIFT to 1? not zero?
We are all One. Be present. Be the Observer
  • #897
  • Oct 21, 2010 12:52am Oct 21, 2010 12:52am
Quoting Iamfx
G'day Glen.
So to mirror Roy indy we need to set the SIGNAL SHIFT to 1? not zero?
That is correct , it will then sync with Roy indi and generate an alert.
" Never let the past hold the future to ransom "
  • #898
  • Oct 21, 2010 12:53am Oct 21, 2010 12:53am
Hi Glen,
what was your trigger for the open of the 100 pip trade? was it just the trend continuation south after the retrace or break of a certain level/pivot?. the two 50 pip trades look like breaks of previous lows to initiate a trade, am I correct?.

regards

doc.
  • #899
  • Oct 21, 2010 3:39am Oct 21, 2010 3:39am
Here was a very quick 50--triggered at clearance of fractal
Attached Image (click to enlarge)
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We are all One. Be present. Be the Observer
  • #900
  • Oct 21, 2010 5:02am Oct 21, 2010 5:02am
Quoting Dr.Scalpall
Hi Glen,
what was your trigger for the open of the 100 pip trade? was it just the trend continuation south after the retrace or break of a certain level/pivot?. the two 50 pip trades look like breaks of previous lows to initiate a trade, am I correct?.

regards

doc.
Hi,

After the 2 trades closed I saw that price retraced after being rejected from 15800 and it looked like a continuation of the trend was in place.
I took a short position with a small stop above 15800 using 25% of the profits gained earlier to " finance" the stop. The entry was simply based on trend continuation after the price rejection after the small uptrend line broke.
" Never let the past hold the future to ransom "
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