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Forex Bible System

  • #201
  • Jan 10, 2011 3:23pm Jan 10, 2011 3:23pm
Quoting Dr.Scalpall
.

Hi cubby,
did anybody rectify the non painting golden finger discussed above (post 76)?. If you drop it on a 1min chart it's easy to see that once you have a new signal with alert rarely does it draw another one untill the terminal is restarted.

appologies if I have missed the solution en route.

regards

doc
This has not been resolved. I have yet to see another signal paint late. I've only seen it happen once since over a month ogo on the 1 hour time frame. This is not very worry some to me since it's rare.
  • #202
  • Jan 10, 2011 5:17pm Jan 10, 2011 5:17pm
Hi Cubby,

Did u back test other pairs during their natural sessions or just 6-9am session as u like for EURUSD and GBPUSD? I mean test it for Asian session and Euro session for related pairs. Thanks
  • #203
  • Jan 10, 2011 5:31pm Jan 10, 2011 5:31pm
It appears my message was overlooked. I'll repost:

Hi Cubbybgood,

I've been watching this thread over the last couple days, and downloaded the ex4's, tpl's, & mq4's. however, it was mentioned towards the beginning of the thread that there was a word file that would assist someone in installing in the correct folders. I could notlocate this word document. It would be kind of someone to post this word file, so I may install into the appropriate folders and learn the basic rules of this system. I want to thank-you and others for their contributions here!

Quoting Cubbybgood
This has not been resolved. I have yet to see another signal paint late. I've only seen it happen once since over a month ogo on the 1 hour time frame. This is not very worry some to me since it's rare.
  • #204
  • Jan 10, 2011 5:48pm Jan 10, 2011 5:48pm
As cubbly is away, I'll answer. It was actually an Open Office file and you may not have that program, so I cut and paste it below"

"I have heavily modified the original version of the software quite a bit to help the system become more profitable. This may be the final version. I've




Installation instructions.


Extract all the files ending in .ex4 and .mq4 into programfiles/IBFX/experts/indicators folder.


(If IBFX is not your broker find your broker folder in Program Files.)


The template file ending in .tpl needs to go into programfiles/IBFX/templates folder.


That's in on the installation.






Trading rules...at least what works for me.


-1 trade a day each pair win or loss
-40 pip TP on each trade.
-SL, Signal in opposite direction.
-Wait for only valid signal as shown in the pic to up your win %
- Trade only EU and GU
-start trading at 6 am EST and wait till you find your trades. Usually with in 3 hours you're done.
- have discipline and keep to the strategy.




What this method can achieve.

The golden figure only lets me do a visual back test for 1 month per pair but last month alone both pairs combined pulled in +1262 pips. +709 pips on the EU and +553 on the GU.

An example of the power of this system. The EURUSD pair had 11 straight days of 40 pip profits. 440 pips in 11 days.


I do not know how past months are but I would guess that this system could pull in an average of about 1000 pips per month. This may not be enough for some traders but it is for me.

If some of you are having trouble finding a consistent strategy or want one for that matter here's you're ride. This strategy should work well long term with this system and does bring in a good amount of pips per month.


Happy Trading and
Good luck!"

If you need help in installing, send me a PM.
  • #205
  • Jan 10, 2011 5:56pm Jan 10, 2011 5:56pm
Paradoxical,

Thank-you for your speedy reply. Look forward to trying it out!

Quoting paradoxical
As cubbly is away, I'll answer. It was actually an Open Office file and you may not have that program, so I cut and paste it below"

"I have heavily modified the original version of the software quite a bit to help the system become more profitable. This may be the final version. I've




Installation instructions.


Extract all the files ending in .ex4 and .mq4 into programfiles/IBFX/experts/indicators folder.


(If IBFX is not your broker find your broker folder in Program Files.)


The template file ending in .tpl needs to go into programfiles/IBFX/templates...
  • #206
  • Jan 10, 2011 5:59pm Jan 10, 2011 5:59pm
Quoting paradoxical
As cubbly is away, I'll answer. It was actually an Open Office file and you may not have that program, so I cut and paste it below"

"I have heavily modified the original version of the software quite a bit to help the system become more profitable. This may be the final version. I've




Installation instructions.


Extract all the files ending in .ex4 and .mq4 into programfiles/IBFX/experts/indicators folder.


(If IBFX is not your broker find your broker folder in Program Files.)


The template file ending in .tpl needs to go into...
Thanks for posting this!

cubby
  • #207
  • Jan 10, 2011 6:32pm Jan 10, 2011 6:32pm
Hi Cubby,

Did u back test other pairs during their natural sessions or just 6-9am session as u like for EURUSD and GBPUSD? I mean test it for Asian session and Euro session for related pairs. Thanks
http://cdn.forexfactory.com/images/m...ading_dark.gif http://cdn.forexfactory.com/images/buttons/edit.gif
  • #208
  • Jan 10, 2011 6:41pm Jan 10, 2011 6:41pm
I noticed on the graphic provided in the first post of this thread that the red lines mark entry points. Do we wait for confirmation of the trend and enter after the close of the candle at these points, or do we enter immediately?
  • #209
  • Jan 10, 2011 9:08pm Jan 10, 2011 9:08pm
Hello Cubbybgood,
Thanks for sharing the system. Looks OK to and not difficult to comprehend.

Cheers,
chonghm
  • #210
  • Jan 10, 2011 9:27pm Jan 10, 2011 9:27pm
Quoting forexripper
Hi Cubby,

Did u back test other pairs during their natural sessions or just 6-9am session as u like for EURUSD and GBPUSD? I mean test it for Asian session and Euro session for related pairs. Thanks
http://cdn.forexfactory.com/images/m...ading_dark.gif http://cdn.forexfactory.com/images/buttons/edit.gif

I only tested during my trading hours from about 6-9 am EST. The other pairs may be more affective during there session opens.

I will leave this up to you to figure out. As for me I will be sticking to just the EURUSD, GBPUSD and USDCHF.
  • #211
  • Jan 10, 2011 9:29pm Jan 10, 2011 9:29pm
Quoting prof8t
I noticed on the graphic provided in the first post of this thread that the red lines mark entry points. Do we wait for confirmation of the trend and enter after the close of the candle at these points, or do we enter immediately?
Yes, red lines are exact entrys. You enter your trade on the open of that candle where the red vertical lines are.
  • #212
  • Jan 11, 2011 6:29am Jan 11, 2011 6:29am
Quoting Cubbybgood
Yes, red lines are exact entrys. You enter your trade on the open of that candle where the red vertical lines are.

Ok... But looking at the graphic and studying proce movement on the charts live, I noticed that the indicators can fluctuate back and forth depending upon price action, and are not set until the candle close. Is this a concern?

For example, watching another chart, I noticed a sell signal that was valid at open, but then the flat trend indicator changed about half way through that hour...

Just want to make sure that I get the entries correct...
  • #213
  • Jan 11, 2011 8:05am Jan 11, 2011 8:05am
Quoting prof8t
Ok... But looking at the graphic and studying proce movement on the charts live, I noticed that the indicators can fluctuate back and forth depending upon price action, and are not set until the candle close. Is this a concern?

For example, watching another chart, I noticed a sell signal that was valid at open, but then the flat trend indicator changed about half way through that hour...

Just want to make sure that I get the entries correct...
You're questions are very valid.

I'm glad you recognised this. This can sometimes happen. I recommend getting in when you see them change. The golden figure will always signal on the open of the candle.

But again, I recommend trading during a good trend or a volatile time.
  • #214
  • Jan 11, 2011 8:10am Jan 11, 2011 8:10am
Yesterdays trade stats.

40 pip TP hit on EURUSD
I was 8 pips away form TP on the GBPUSD but 40 pips never hit. Oposite signal came. Closed trade at -13 pips.

=27 pips toltal.


Todays trades. Just entered...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2.gif Size: 23 KB
  • #215
  • Jan 11, 2011 9:11am Jan 11, 2011 9:11am
Hi Chubby. I'm new to this system, and like it a lot (thanks for sharing). Today, I took the same trade on the GU; unfortunately, not long after, the golden var. repainted. Should this indy repaint? Thanks - Steve
  • #216
  • Jan 11, 2011 9:14am Jan 11, 2011 9:14am
Quoting Cubbybgood
You're questions are very valid.

I'm glad you recognised this. This can sometimes happen. I recommend getting in when you see them change. The golden figure will always signal on the open of the candle.

But again, I recommend trading during a good trend or a volatile time.

Thanks for the quick response however...

On your trades for today, the very thing I am concerned with occured on both trades. Both were long trades with long signals before candle close, however, on both trades the signal color changed direction, and on one chart, we lost the golden finger altogether. Aside from that, the Golden Varitey indicator changed from green to red before the close of the candle on both charts.

This is why I'm wondering if it would be best to wait for candle close in order to validate the signals instead of immediately taking the signal at candle open?
  • #217
  • Jan 11, 2011 10:42am Jan 11, 2011 10:42am
Quoting StephenS
Hi Chubby. I'm new to this system, and like it a lot (thanks for sharing). Today, I took the same trade on the GU; unfortunately, not long after, the golden var. repainted. Should this indy repaint? Thanks - Steve

yeah, this inticator can be frustrating on days where there is not much trend. I'm still trying to figure out how to avoid this. I may change this indiactor all tog....
  • #218
  • Jan 11, 2011 10:46am Jan 11, 2011 10:46am
Quoting prof8t
Thanks for the quick response however...

On your trades for today, the very thing I am concerned with occured on both trades. Both were long trades with long signals before candle close, however, on both trades the signal color changed direction, and on one chart, we lost the golden finger altogether. Aside from that, the Golden Varitey indicator changed from green to red before the close of the candle on both charts.

This is why I'm wondering if it would be best to wait for candle close in order to validate the signals instead of immediately...
Yes, go ahead and try entering on the open of the next candle. This could be a good thing and bad thing. Good, being you have a solid signal. Bad, possibly getting into the trade to late might cause you to miss the move.

Again, I'm working on this. I may be replacing this indicator because of this weakness. I have some things in mind... I hate repainting indicators. Such a hastle to deal with....
  • #219
  • Jan 11, 2011 10:53am Jan 11, 2011 10:53am
todays trade stats....

I had a loss of 48 pips on the EURUSD

40 pip Profit hit on GBPUSD

-8 pips toltal today

Done for the day
  • #220
  • Jan 11, 2011 2:51pm Jan 11, 2011 2:51pm
Why we need to use HMA? For entry point or its just confirmation of trend?
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