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  • #961
  • Oct 28, 2010 8:40am Oct 28, 2010 8:40am
A confirmed signal.......I understand.

many thanks!

PGPB
  • #962
  • Edited Oct 29, 2010 5:18am Oct 28, 2010 9:34am | Edited Oct 29, 2010 5:18am
caught some nice UJ from last night and this am
Still

getting the hang of things
Thanks for getting back to the thread Glenn
  • #963
  • Edited Oct 29, 2010 5:19am Oct 28, 2010 10:05am | Edited Oct 29, 2010 5:19am
Just got sell signal but not sure where to place it low of candle next to it or the one a few more over the lower low
  • #964
  • Oct 28, 2010 10:14am Oct 28, 2010 10:14am
Quoting dryclean
Just got sell signal but not sure where to place it low of candle next to it or the one a few more over the lower low

I would wait price to break the candle a few bars over....but right now it looks like price is going north

I am so glad this thread is active again.

PGPB
  • #965
  • Oct 28, 2010 12:02pm Oct 28, 2010 12:02pm
change periods to trade to what every you want

M5 ,M15 ,H1,H4 put is spaces so not to bunch it up
here is my template too

I love this system it combines a lower time frame with a MTF sort of feel

I don't mind making 20-30-50 pips here or there LOL
Attached File(s)
File Type: mq4 Lawgirl's Trend Display v1.02.mq4   13 KB | 300 downloads
File Type: tpl glen.tpl   38 KB | 281 downloads
  • #966
  • Oct 29, 2010 5:22am Oct 29, 2010 5:22am
10+11+8
picked up after small retrace
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 63 KB
  • #967
  • Oct 29, 2010 6:19am Oct 29, 2010 6:19am
Quoting dryclean
10+11+8
picked up after small retrace
Good job ... on a live account no less
  • #968
  • Oct 29, 2010 8:44am Oct 29, 2010 8:44am
Quoting dryclean
10+11+8
picked up after small retrace

Good start

Have a look at Yen crosses as well during that period normally they would be more active .
" Never let the past hold the future to ransom "
  • #969
  • Oct 29, 2010 9:05am Oct 29, 2010 9:05am
Thanks Glenn

I actually had great success with EJ 21+8+14 and 20+30+22

and UJ 22+20+14
but for some reason my chart isn't showing the arrows and dots from those trades to post

Question

I'm using updates ea with this setup

TakeProfit1=20
TakeProfit2=30
TakeProfit3=50 ( sometimes 999 to let it run is that a good idea!
TakeProfit1Percent=50
TakeProfit2Percent=30
TakeProfit3Percent=20
HardStop=20
MoveStop=20
TrailingStop=20

Does that look right?
every once in awhile I get $0.00 on the 3rd TP I wonder if I have the MoveStop and TRailing Stop set ok

Value your opinion
Thanks
  • #970
  • Oct 29, 2010 9:33am Oct 29, 2010 9:33am
Quoting dryclean
Thanks Glenn
Question

I'm using updates ea with this setup
Are you using the updateStops indicator from the Optional Management EA's?

I just tried the UpdateStops to BEv3 and I had a buy open on EU and it kept closing out for the TP of 5. I was laughing so hard it took me a couple minutes to change that and open another 2 positions using a TP of 10 and 15 but that didn't work as well. I think it closed for profit at the 50% instead. Anyway, I would like some advice from the thread on settings and which one you find to be the best.

So far so good with this. just playing around with settings using both the 240 15M and the 60 5M. I do get a better signal from the 240 15 though.

Today so far, 4, 6, 7, 5, 7 & 6 all on EU. Got to take that EA off until I figure out how to set it.

Thanks in advance
  • #971
  • Oct 29, 2010 10:05am Oct 29, 2010 10:05am
Quoting dryclean
Thanks Glenn

I actually had great success with EJ 21+8+14 and 20+30+22

and UJ...
The stop value of 20 pips may be a bit tight. I use Cavemanager EA , it is more flexible in terms of trade management. Just make sure you run it on demo account first to make sure your settings are OK.

Unfortunately it is impossible to find a setting that will manage all the trades to perfection. The trades come in different sizes small , medium, large and OMG. Once a trade is +20 , I want something for my effort and risk. Either move stop to +2 and/or take the first partial profit.

Have a look at the different trial stop options on Cavemanager as well , a trial stop based on a defined value is not always the best option.

Bottom line is .....in a swing of 20-50 pips, if you end up with 20 , 25 , 30 it is also OK , as long as you don`t turn a winner into a loser ..or worse still end up at breakeven 0..for me breakeven is +2
" Never let the past hold the future to ransom "
  • #972
  • Oct 29, 2010 10:56am Oct 29, 2010 10:56am
Quoting Gleneagles
The stop value of 20 pips may be a bit tight. I use Cavemanager EA , it is more flexible in terms of trade management. Just make sure you run it on demo account first to make sure your settings are OK.

Unfortunately it is impossible to find a setting that will manage all the trades to perfection. The trades come in different sizes small , medium, large and OMG. Once a trade is...
Here is the latest version of Cavemanager and the instructional PDF if anyone is interested.
Attached File(s)
File Type: pdf THV CaveManager EA v1.41.pdf   103 KB | 500 downloads
File Type: ex4 THV CaveManager v1.41.ex4   63 KB | 282 downloads
  • #973
  • Oct 29, 2010 3:08pm Oct 29, 2010 3:08pm
everything looked right smMTF signal was a buy TrixMTF was blue
indi in the corner was all blue or buy (not in this pic) I even put the buy stop up a few pips just to be sure. and the asked line just touched it and down she went to my SL out 40 pips

Not sure what went wrong here I guess one of those 20% loss orders
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 53 KB
  • #974
  • Oct 29, 2010 3:30pm Oct 29, 2010 3:30pm
Quoting dryclean
everything looked right smMTF signal was a buy TrixMTF was blue
indi in the corner was all blue or buy (not in this pic) I even put the buy stop up a few pips just to be sure. and the asked line just touched it and down she went to my SL out 40 pips

Not sure what went wrong here I guess one of those 20% loss orders

1) Daily range was already done by the time you took the trade
2) Resistance level is right at the 76 intraday fib
3) Hindsight is a wonderful gift?
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Oct. 29 22.24.jpg Size: 85 KB
" Never let the past hold the future to ransom "
  • #975
  • Oct 29, 2010 3:38pm Oct 29, 2010 3:38pm
Quoting dryclean
everything looked right smMTF signal was a buy TrixMTF was blue
indi in the corner was all blue or buy (not in this pic) I even put the buy stop up a few pips just to be sure. and the asked line just touched it and down she went to my SL out 40 pips

Not sure what went wrong here I guess one of those 20% loss orders

Look at the D trendline on 4 hour chart ...marked with red arrow.
There is normally a reason for such a sharp price rejection.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Oct. 29 22.34.jpg Size: 44 KB
" Never let the past hold the future to ransom "
  • #976
  • Oct 29, 2010 4:12pm Oct 29, 2010 4:12pm
Higher high or Lower low

If you have a buy signal , make sure that the signal candle breaks the high formed by the previous candle

In the screenshot you can see the first signal (60 5) high marked with yellow line ....no new high formed

Second signal (60 5) high marked with white line ...new high...valid signal

It will help you filter a few false signals and/or avoid a retrace before the trend continues.
Attached Image
" Never let the past hold the future to ransom "
  • #977
  • Oct 29, 2010 4:20pm Oct 29, 2010 4:20pm
GBP buy ...new high ...valid entry
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Oct. 29 23.17.jpg Size: 45 KB
" Never let the past hold the future to ransom "
  • #978
  • Oct 29, 2010 4:25pm Oct 29, 2010 4:25pm
Quoting Gleneagles
1) Daily range was already done by the time you took the trade
2) Resistance level is right at the 76 intraday fib
3) Hindsight is a wonderful gift?
You just answered one question I had ... I like to use pivots and fibs. They did help filter out the false signals on the 60 5M
  • #979
  • Oct 30, 2010 5:55am Oct 30, 2010 5:55am
Quoting dryclean
everything looked right smMTF signal was a buy TrixMTF was blue
indi in the corner was all blue or buy (not in this pic) I even put the buy stop up a few pips just to be sure. and the asked line just touched it and down she went to my SL out 40 pips

Not sure what went wrong here I guess one of those 20% loss orders
We were close to the top of the Daily Range. Not high probability to go long there.
  • #980
  • Edited 6:03am Oct 30, 2010 6:01am | Edited 6:03am
[quote=Gleneagles;4133842]1) Daily range was already done by the time you took the trade
quote]


All of Glen's points are good, for me the one that would have kept me from taking the trade is the daily range

This attached indicator shows "room up" and "room down", it some how figures out what the daily range is of the pair, and it will show you how much room you have.

It also will show you the ATR ...if it is red it means that the last few bars are ranging, and if it is green it shows that the bars are increasing (this is probably a really poor explanation of ATR....but green = consider the trade, red means.....don't take the trade)

This is pretty clearly explained in the manual

In the attached image it shows that price has gone 18 pips above the daily range (when it turns red it means price is now beyond the average daily range)

PGPB
Attached Image
Attached File(s)
File Type: ex4 xADR_0.2.ex4   6 KB | 271 downloads
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