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Profit All Day System

  • #241
  • Feb 1, 2011 2:20am Feb 1, 2011 2:20am
Quoting FerruFx
Here's as promised the indicator with alert added. Pop up/sound/email alert, each with a true/false option.

Again, this indicator is just for the break of the last HH/LL. CCI and higher TF confirmation aren't involved.

Hope that will help.
Hi, FerruFx

Thank you very much. I guess every body will appreciate your kindness ... and your ability.

See you

Regards

BBF
BigBlackfeet Always on the(forex) war path !
  • #242
  • Feb 1, 2011 2:37am Feb 1, 2011 2:37am
Quoting the-game
... I'm getting the following error on every tick:

"hhLhhllHll_alert EURUSD,H4: object name passed to ObjectSet function cannot be an uninitialized or empty string"
Sorry. My bad.

Attached the updated version. It should be solved.

Let me know.
Attached File(s)
File Type: ex4 hhLhhllHll_alert_v2.ex4   8 KB | 2,395 downloads
MT4/MT5 EAs/Indicators/Alerts coder
  • #243
  • Feb 1, 2011 2:38am Feb 1, 2011 2:38am
Quoting BLACKFEET
Hi, FerruFx

Thank you very much. I guess every body will appreciate your kindness ... and your ability.
You're welcome.
MT4/MT5 EAs/Indicators/Alerts coder
  • #244
  • Edited 3:21am Feb 1, 2011 3:05am | Edited 3:21am
The HHlH/LLhL indicator dosen't count the bars (candles) defined in system rules. (Lowest low must have at least 2 bars on either side that are higher than it.) And opposite for highest high. Set TF to 5 or 15 other two to your liking.

If I got it attached right here is one that shows previous highs and lows as defined in rules. Paul
Attached File(s)
File Type: ex4 ROIAlert.ex4   6 KB | 1,274 downloads
  • #245
  • Feb 1, 2011 3:07am Feb 1, 2011 3:07am
Quoting Cubbybgood
You do have a point here. I am the one that 's done all the work to put up this system. A little unfair that I have to prove to you WhatFX. Kinda seems like you don't want to put out the time or work to see if the system is for you...
not necessarily. if one puts up a trading method then it has to be legitimate with proven results. and thats not upto me to prove, as iam not the thread starter. otherwise anyone can put up any system here, regardless of if it works or not.

also, do you take every trade oppurtunity as they appear during the day ?
  • #246
  • Feb 1, 2011 3:11am Feb 1, 2011 3:11am
Quoting plind
The HHlH/LLhL indicator dosen't count the bars (candles) defined in system rules. (Lowest low must have at least 2 bars on either side that are higher than it.) And opposite for highest high.
Sorry but the hhLhhllHll indicator respect perfectly the rules of HH/LL in post #1.
MT4/MT5 EAs/Indicators/Alerts coder
  • #247
  • Feb 1, 2011 3:38am Feb 1, 2011 3:38am
Quoting FerruFx
Sorry but the hhLhhllHll indicator respect perfectly the rules of HH/LL in post #1.
I saw a high candle and low candle side by side and didn't notice that they still fit the fractal definition. After putting both indicators on same chart they both show same info one with lines other with stars. Sorry for my error, Paul
  • #248
  • Feb 1, 2011 4:04am Feb 1, 2011 4:04am
Testing out eurusd, gbpusd, eurgbp and usdjpy. I missed the gbpusd trade today as I was not sure at the time. I know some people would have taken it as it was touch and go. There was a valid sell signal on the usdjpy that was profitable. Just took a valid eurusd trade so will see how it goes.
Auto
  • #249
  • Feb 1, 2011 4:19am Feb 1, 2011 4:19am
Hey im paper trading this system and I am impressed it encompasses many proven trading methods.
Might I suggest for money management take 50% at your target move the stop of the other half to breakeven and let it run?
  • #250
  • Feb 1, 2011 4:28am Feb 1, 2011 4:28am
I see what you mean stumpy but id rather either take full profits OR leave 30% to run. So far what has worked for me alright is once I take 70% I move my SL to half of the original stop and then move it accordingly to the swings and/or the MAs. Keep the ideas coming. Ill start an Mt4i account soon so we can all follow this systems trades. Cheers
Auto
  • #251
  • Feb 1, 2011 4:29am Feb 1, 2011 4:29am
Quoting plind
I saw a high candle and low candle side by side and didn't notice that they still fit the fractal definition. After putting both indicators on same chart they both show same info one with lines other with stars. Sorry for my error, Paul
If you see something wrong on my indicator, feel free to post a clear chart showing a wrong signal.

BTW, my indicator doesn't follow the fractals but the post #1 rules.
MT4/MT5 EAs/Indicators/Alerts coder
  • #252
  • Feb 1, 2011 6:11am Feb 1, 2011 6:11am
Quoting FerruFx
If you see something wrong on my indicator, feel free to post a clear chart showing a wrong signal.

BTW, my indicator doesn't follow the fractals but the post #1 rules.
Is this a 1-2-3 bar pattern indicator?
  • #253
  • Feb 1, 2011 6:11am Feb 1, 2011 6:11am
Thanks Guys for the info and autotrader am looking forward to your mt4i performance.
Just a quick question, what if we encounter not clear trend on the higher time frame which is is H1?
Thanks
Quoting autotrader
I see what you mean stumpy but id rather either take full profits OR leave 30% to run. So far what has worked for me alright is once I take 70% I move my SL to half of the original stop and then move it accordingly to the swings and/or the MAs. Keep the ideas coming. Ill start an Mt4i account soon so we can all follow this systems trades. Cheers
Auto
  • #254
  • Feb 1, 2011 6:17am Feb 1, 2011 6:17am
Quoting juzgood1978
Just a quick question, what if we encounter not clear trend on the higher time frame which is is H1?
Thanks
15 min + 1hr.

5 min + 15 min.

If trade sets up but ma's do not have good angle + separation on higher time frame don't take trade.

You are also always trading a range break so watch for strong S/R levels.
  • #255
  • Feb 1, 2011 6:31am Feb 1, 2011 6:31am
good method...
good work...

thanks
  • #256
  • Feb 1, 2011 6:46am Feb 1, 2011 6:46am
Quoting tjfxtrader
Is this a 1-2-3 bar pattern indicator?
Again, this indicator was coded specially based on the rules on post #1 ... nothing else.
MT4/MT5 EAs/Indicators/Alerts coder
  • #257
  • Feb 1, 2011 7:17am Feb 1, 2011 7:17am
hey guys, I'm up.

just saw all the messages from the euro traders and the thread review.

Anyway, You'll will find that a lot of the time the 30% that is left in is were many of your pips are made from. Please leave only 30% in not 50% because on a choppy trading day or week this is important.

I always look to the higher time frames for a trade before looking to the lower.

Good to see people are having success. This system has made me a profitable trader over the past year. I hope that you continue to use it in the long run as I have and will.

I think that must of my work is done on this thread. Now I just get to watch you guys profit from it.
  • #258
  • Feb 1, 2011 7:49am Feb 1, 2011 7:49am
Thanks Cubbybgood, I wish you the best in your forex endeavour
  • #259
  • Feb 1, 2011 8:15am Feb 1, 2011 8:15am
As a gift to all the nice people on my thread I decided to put up my performance for this week.

I set up a demo account that I will be trading the same as my live account at the beginning of the trading week.

This will allow you guys to see how and when I trade. Also see what I do with my risk as well.

I will keep this demo account going just for this week.

starting balance was 10k on monday morning.

cubbybgood.mt4live.com
  • #260
  • Edited 9:24am Feb 1, 2011 8:28am | Edited 9:24am
Hey guys, look at this awesome signal on the daily chart!

tp is 100 pips on this trade and it's still good to enter.
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