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Multiple Trading systems gbpusd only

  • #1,161
  • Nov 5, 2010 1:04pm Nov 5, 2010 1:04pm
Quoting robdee
I use regression channels to show a trend. Also when the channel breaks it often shows a change in trend direction is coming soon.
Today a good clean example of a reversal pattern. That is the up-channel breaking, a new down-channel forming, and then a good sell signal (in this case 17 hours 30 minutes after the original break).

The two lower highs respecting the channel is very important, I don't see that on retraces, only on reversals.

Attached Image (click to enlarge)
Click to Enlarge Name: reversal-eurusd-m2-20101105.gif Size: 20 KB


I am using 123PatternsV6 to tell me where to draw the channels. See my previous post for more details on this.
  • #1,162
  • Nov 5, 2010 2:49pm Nov 5, 2010 2:49pm
Quoting robdee
Today a good clean example of a reversal pattern. That is the up-channel breaking, a new down-channel forming, and then a good sell signal (in this case 17 hours 30 minutes after the original break).

The two lower highs respecting the channel is very important, I don't see that on retraces, only on reversals.

Attachment

I am using 123PatternsV6 to tell me where to draw the channels. See my previous post for more details on this.
Robdee.....first of all......many thanks for the version 6 indicator....I love it.
Second....are you using an indicator to draw the regression channels? If so could you post it.

thx!!

PGPB
  • #1,163
  • Nov 5, 2010 3:17pm Nov 5, 2010 3:17pm
Quoting shr5
TP hit on gbpusd:-) thanks Zamanib and have great weekend
I have not look at the market-- yet - and have not catch up with all the post--
Let me settle in -- I will be back -- I arrive in Toronto 3hrs ago -- any traders from Toronto like to meet with me or on chat with me on the phone please email me
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #1,164
  • Nov 5, 2010 6:24pm Nov 5, 2010 6:24pm
Quoting pgpb
...are you using an indicator to draw the regression channels?
PGPB, glad you like the V6! Feedback & ideas from Zaman & Kreator has helped me make it what it is.

For regression channels these are hand-drawn. MT4 menu Insert.Channels.Linear Regression. Like drawing a trendline except it is drawn from Time1 to Time2 only (not price1 to price2 like trendlines).

For a down-channel I find the highest blue line and go back one candle before it, this is the start time for the channel.

I then find the lowest blue line and go forward one candle after it starts, that is the finish time for the channel.

For a up-channel I find the lowest red line and go back one candle before it, this is the start time for the channel.

I then find the highest red line and go forward one candle after it starts, that is the finish time for the channel.

With Ray property enabled the channel projects forward to future times.

If price action breaks out of a channel just leave it there and see, price might come back inside again later, or this may be time to see a reversal pattern.
  • #1,165
  • Nov 5, 2010 7:26pm Nov 5, 2010 7:26pm
Quoting pgpb
Robdee.....first of all......many thanks for the version 6 indicator....I love it.
Second....are you using an indicator to draw the regression channels? If so could you post it.

thx!!

PGPB

hello.. if you have problem to understand regression chanel setings, and how to setup the rgc lines.. i could try to find some regressions indi, and robdee can try to modified it for us...

maybe newbies can use this indi... but my opinion is that every one can learn about rg chanels and how to draw it to chart... its better to learn in this way, and not tu use an indicator to doit for you... when ever i tried something to do with some indi, i am trying to learn what this indi is doing, and how can i recognize and doit without this indi..

robdee has described nice how to draw regression chanel, so people just need to study and understand this info..
  • #1,166
  • Nov 5, 2010 7:27pm Nov 5, 2010 7:27pm
Thanks for the indicator, I am trying it on one chart on 15 pip range bars and another with 10 pip rb, to see the difference in 123 setups, with 10 pip rbs and setting the ziz zaz to 4 seems to work well, and with the 15 pip rb I am using #8 for the bigger outlook.

Thanks again,
fishman356
  • #1,167
  • Nov 5, 2010 7:48pm Nov 5, 2010 7:48pm
Attached Image (click to enlarge)
Click to Enlarge Name: 10 pip range bar auto zone.gif Size: 27 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 10 pip range bar auto zone 2.gif Size: 28 KB


Attached File(s)
File Type: mq4 AutoFib TradeZones.mq4   8 KB | 1,285 downloads


Hi everyone, this thread has produced many pips and is into yet another profitable system, I like to start the week with a chart showing channels , trend lines like robdee, this little AutoFib helps to fill in between the channels and trends. I cannot remember where I downloaded it , but thank to the author. Hope someone can use it ,to make some pips.

fishman356
  • #1,168
  • Nov 5, 2010 7:53pm Nov 5, 2010 7:53pm
Attached Image (click to enlarge)
Click to Enlarge Name: 10 pip range bar auto zone 3.gif Size: 32 KB


I missed attaching the most important 123 v6 indi with settings of the ziz zaz to 4

fishman356
  • #1,169
  • Nov 6, 2010 3:24am Nov 6, 2010 3:24am
Quoting jgoedhals
Hi, i cant get v5 or v6 to work on my metatrader charts m1 or m2 any suggestions? do i need any other indicator to work with these versions. Thanks

having also problems with this indi, just like with range bars. Cant get it fixed.
  • #1,170
  • Nov 6, 2010 3:28am Nov 6, 2010 3:28am
Quoting Kreator
new RB indi.... not comercial.. free to use... just put the indi in indy folder. drag it to m1 chart, open m2 chart...

i think this is the best free version..
how do you open m2 chart? Thx
  • #1,171
  • Nov 6, 2010 4:27am Nov 6, 2010 4:27am
Quoting huskyboy
how do you open m2 chart? Thx
range bars fixed, 123 V6 doesn't work yet
  • #1,172
  • Edited 6:02am Nov 6, 2010 5:47am | Edited 6:02am
Quoting huskyboy
how do you open m2 chart? Thx

place indi in indy folder, drag it to the m1 chart... go to offline charts and you will see m2 chart...

123 indi is working perfectly...explane me where you copy the indi and all, step by step.. and we will find the error..
  • #1,173
  • Nov 6, 2010 7:57am Nov 6, 2010 7:57am
Quoting Kreator
place indi in indy folder, drag it to the m1 chart... go to offline charts and you will see m2 chart...

123 indi is working perfectly...explane me where you copy the indi and all, step by step.. and we will find the error..
Thanks for the help; normal procedure to upload indi in indy folder, close and reopen fxpro and then place it in the M2 chart, this is what i get.
Attached Image (click to enlarge)
Click to Enlarge Name: M2 + 123 V6.jpg Size: 120 KB
  • #1,174
  • Nov 6, 2010 8:40am Nov 6, 2010 8:40am
Quoting huskyboy
Thanks for the help; normal procedure to upload indi in indy folder, close and reopen fxpro and then place it in the M2 chart, this is what i get.

well you are doing all steps fine... i dont know what is the problem.... we will see when market starts...
  • #1,175
  • Nov 7, 2010 12:16am Nov 7, 2010 12:16am
Quoting huskyboy
Thanks for the help; normal procedure to upload indi in indy folder, close and reopen fxpro and then place it in the M2 chart, this is what i get.
I suggest look in the Experts Log (in terminal window), there may be some error messages in there.

No errors on startup reads like this...

Inserted Code
ZigZag GBPUSD,M2: initialized
ZigZag GBPUSD,M2: loaded successfully
123PatternsV6 GBPUSD,M2: initialized
123PatternsV6 GBPUSD,M2: 123PatternsV6 indicator version 20101105 for Public release, compiled with MetaTrader4 Build 226
123PatternsV6 GBPUSD,M2: Free software for personal non-commercial use only. No guarantees are expressed or implied.
123PatternsV6 GBPUSD,M2: Copyright © 2010 Robert Dee, All Rights Reserved
123PatternsV6 GBPUSD,M2: loaded successfully
  • #1,176
  • Nov 7, 2010 3:42am Nov 7, 2010 3:42am
robdee, just tried again but no result. Always been like this with all the 123 indi. Perhaps others are having the same difficulties. Anywhay thx for all your efforts.
Attached Image (click to enlarge)
Click to Enlarge Name: 123 V6.jpg Size: 140 KB
  • #1,177
  • Nov 7, 2010 4:43am Nov 7, 2010 4:43am
Quoting huskyboy
robdee, just tried again but no result. Always been like this with all the 123 indi. Perhaps others are having the same difficulties. Anywhay thx for all your efforts.

Try downloading MT4 from another broker, and see if the problem is with the MT4 from your broker.

The problem is either

1/ brokers version of MT4
2/ user error

PGPB
  • #1,178
  • Nov 7, 2010 11:33am Nov 7, 2010 11:33am
Quoting huskyboy
robdee, just tried again but no result. Always been like this with all the 123 indi. Perhaps others are having the same difficulties. Anywhay thx for all your efforts.
OK, no problem I can see in that screenshot that ZigZag is missing on your setup. It normally comes with MT4 but you can download it here. Save it in experts\indicators and restart MT4.
Attached File(s)
File Type: mq4 ZigZag.mq4   6 KB | 806 downloads
  • #1,179
  • Nov 7, 2010 12:45pm Nov 7, 2010 12:45pm
Quoting robdee
I use regression channels to show a trend. Also when the channel breaks it often shows a change in trend direction is coming soon.
Here are more observations (hopefully useful) about the value of regression channels on constant range bar charts combined with 123PatternsV6 as a channel positioning guide.

Attached Image (click to enlarge)
Click to Enlarge Name: rchannels-eurusd-m2-20101103.gif Size: 22 KB


Attached Image (click to enlarge)
Click to Enlarge Name: rchannels-eurusd-m2-20101105.gif Size: 24 KB


remember to keep clicking on the thumbnail until you get a clear full size image, I have to click three times with my browser firefox

My rules for drawing regression channels are found in post #1164
  • #1,180
  • Nov 7, 2010 1:33pm Nov 7, 2010 1:33pm
Quoting robdee
OK, no problem I can see in that screenshot that ZigZag is missing on your setup. It normally comes with MT4 but you can download it here. Save it in expertsindicators and restart MT4.
Thanks, problem solved.
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