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Attachments: Vegas Wealth Builder - Part I
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Vegas Wealth Builder - Part I

  • #241
  • Feb 18, 2006 3:35am Feb 18, 2006 3:35am
Norbecker, I'm glad you liked it.

Trinity, This indicator simply lets you look at a more detailed picture of what's going on inside the daily bar, without having to plot\remember the levels from a daily chart.

Vegas wrote:
The 50% retracement is only a day rule and does not carryover to the next day. Once you have recognized a potential reversal day in progress, then you can use this 50% retracement rule.

I don't actually get how Vegas spots potential reversal days (maybe I should re-read the thread and the docs). My methods of spotting reversals are not as effective as I would want them to be (they are definitely too complicated), so I guess you don't want to know how I do it. Instead, let's try to understand Vegas's 50% retracement method.
  • #242
  • Feb 18, 2006 7:43pm Feb 18, 2006 7:43pm
Vegas,

Back last December, you had replied to an email I sent where you described the use of the VWB indicators on weekly charts as well.

You had suggested risk model #4 on the cable. since there was no mention of this in the VWB docs, have you abandoned this consideration?

Thanx for your help

HeavyJ
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  • #243
  • Feb 19, 2006 11:43am Feb 19, 2006 11:43am
I have been reading the 4 Hr Tunnel Methods info & would like to
ask anyone that is using this method if a daily chart with 24 & 28
ema's is needed, or just the 4hr & the weekly with the required ma's.
I have noticed that some are posting charts showing the 24 & 28 ma's
that is why i'm asking. Also what advice can someone that is using
this method give in regards to the usage of this method? How well
does this method perform if followed correctly. Thanks for any advice
& help in learning this method.
  • #244
  • Feb 19, 2006 1:45pm Feb 19, 2006 1:45pm
Quoting acetrader
I have been reading the 4 Hr Tunnel Methods info & would like to
ask anyone that is using this method if a daily chart with 24 & 28
ema's is needed, or just the 4hr & the weekly with the required ma's.
I have noticed that some are posting charts showing the 24 & 28 ma's
that is why i'm asking. Also what advice can someone that is using
this method give in regards to the usage of this method? How well
does this method perform if followed correctly. Thanks for any advice
& help in learning this method.
For the original 4H tunnel you would use the weekly chart for the trend direction. Since the release of the VWB and the daily chart with fib levels. Some people have used that for trend direction. The weekly does not react to changes in trend as quickly as the daily. You will have a higher probability of a profitable trade in the 4H tunnel when you use the VWB daily (at the outer fib levels with a reversal pattern) for trend direction. I hope that is what you were looking for.
Forex Trading: The hardest way to make easy money.
  • #245
  • Feb 19, 2006 2:45pm Feb 19, 2006 2:45pm
Norbecker,

Thats exactly what i was looking for. Now i have a clearer picture of
what is needed. I am a new member to the forum just trying to put
together the 4 Hr method & you have been a big help. Thanks & have
a good day.
  • #246
  • Feb 21, 2006 7:33pm Feb 21, 2006 7:33pm
I know this forum primarily deals with forex trades but I noticed that the VWB document referenced a set up for the S&P mini, too. I have Metatrader and eSignal. Can anyone tell me how to get the S&P data feed into Metatrader to experiement with the VWB strategies as it pertains to the S&P Mini.

Thanks
  • #247
  • Feb 21, 2006 7:41pm Feb 21, 2006 7:41pm
Nevermind my previous post.... I just found and downloaded the VWB II document and see that there is information pertinent to my question there. Thanks anyway...
  • #248
  • Edited 7:45pm Feb 21, 2006 7:44pm | Edited 7:45pm
Quoting dberti
I know this forum primarily deals with forex trades but I noticed that the VWB document referenced a set up for the S&P mini, too. I have Metatrader and eSignal. Can anyone tell me how to get the S&P data feed into Metatrader to experiement with the VWB strategies as it pertains to the S&P Mini.

Thanks
Hi dberti. The S&P data feed are only available if you downloaded MT4 from this site: http://www.strategybuilderfx.com

Just to be safe, uninstall the MT4 first from your PC if it's already installed.
You can then download the data feeds from the menu:
Tools -> History Center -> Indexes

Hope this helps.

P.S.
Okay, please disregard this post too since you found it.
  • #249
  • Feb 21, 2006 7:44pm Feb 21, 2006 7:44pm
only seems to show up with certain demos.ie,interbank has it and when you click on new chart it shows up under indexes.
  • #250
  • Feb 21, 2006 10:02pm Feb 21, 2006 10:02pm
Quoting zenophyte
only seems to show up with certain demos.ie,interbank has it and when you click on new chart it shows up under indexes.
Did u check alpari?
alpari-idc.ru
Resource pooling is the only solution. I love positive pips.
  • #251
  • Feb 21, 2006 11:08pm Feb 21, 2006 11:08pm
Wonder if there is any MT4 brokers providing Nikkei 225 data feeds ?
The future depends on what we do in the present.
  • #252
  • Feb 21, 2006 11:23pm Feb 21, 2006 11:23pm
Loaded MetaTrader4 from Strategy Builder. Opened VegasCurrencyDaily file and loaded in MetaTrader4 Editor. However, after using expert advisor wizard and conpiling then went to Client Terminal and followed insert, indicators, and custom. Open VegasCurrencyDaily but doesn't work. No option can be seen for models 1, 2, 3, or 4.

Are there step by step directions to set this up? Really want to get started.

Thanks for your patience and any guidance that can be provided.


Ktdaniel
  • #253
  • Feb 21, 2006 11:41pm Feb 21, 2006 11:41pm
Quoting ktdaniel
Loaded MetaTrader4 from Strategy Builder. Opened VegasCurrencyDaily file and loaded in MetaTrader4 Editor. However, after using expert advisor wizard and conpiling then went to Client Terminal and followed insert, indicators, and custom. Open VegasCurrencyDaily but doesn't work. No option can be seen for models 1, 2, 3, or 4.

Are there step by step directions to set this up? Really want to get started.

Thanks for your patience and any guidance that can be provided.


Ktdaniel
You don't want to double-click the VegasCurrencyDaily file. That opens the editor.

You just need to copy that file to the appropriate folder. Go to the directory where you installed MT4. Within the folder should be a "experts" folder. Then there should be a "indicators" folder. Put the VegasCurrencyDaily file in the "indicators" folder.

If you had MT4 open while doing this you will need to restart it. Then the indicator should be available in the "Custom Indicators" category in the Navigator. Just drag it to the chart you want to apply it to or you can right click the indicator and select "Attach to a chart".

You can adjust the risk model on the "Inputs" tab of the window that pops up before applying the indicator to the chart.
  • #254
  • Feb 22, 2006 6:22am Feb 22, 2006 6:22am
Thank you. Appreciate the info. Will follow your steps.


Have a great day.
  • #255
  • Feb 22, 2006 10:36pm Feb 22, 2006 10:36pm
hi everyone and vegas,
I am new to this forum but i noticed that the amount of posts here are enormous and very good for learning. I would love to add a new trick to my bag of indicators and see if i could make some pips regularly.

I just received the VWB file from vegas 2days ago and will spend sometime studying it. Does anyone have any tips on how to approach it? Of course i will put alot of hours into it and see if it can do magic for me too since i have read that many people in this forum as well as others have used the Vegas tunnel.

once i can apply it properly i will definitely email him to say thanks personally.

Cheers
  • #256
  • Feb 23, 2006 5:57am Feb 23, 2006 5:57am
Hi Vegas,

First, thank you for posting the details of your strategy

Second, a few small details I'd like cleared up

Your instructions say to use 24 EMA and 28 EMA. The fib levels are calculated from the 28 EMA, but I haven't been able to find any purpose to the 24 EMA Is it used for something?

EUR/USD uses model 1 and 2. Interest when it reaches 233 or higher.
Model 2 is 144, 233 and 377.
I didn't read (might have missed it) if there was any use for the intermediate lines of 89 from Model 1 or 144.

Could you explain if there is any use for the intermediate lines that are plotted?

If the 89 is not used then would EUR/USD just be model 2?

I just wanted to make sure we weren't missing any of the finer points

Many thanks
Alan
  • #257
  • Feb 23, 2006 7:57am Feb 23, 2006 7:57am
I'd like to know how many signals a day or week can be generated by the VEGA model? It seems that the longer EMA are making fewer signals!!
  • #258
  • Feb 23, 2006 8:08am Feb 23, 2006 8:08am
I believe in the VWB II thread Vegas said that in the last 24 months there were 220 signals. I don't recall all the currency pairs he used to come up with that number.
  • #259
  • Feb 23, 2006 11:08am Feb 23, 2006 11:08am
Quoting firehorse
Hi Vegas,


Your instructions say to use 24 EMA and 28 EMA. The fib levels are calculated from the 28 EMA, but I haven't been able to find any purpose to the 24 EMA Is it used for something?


Many thanks
Alan
Alan,

I asked about the 24 EMA in post #2 of this thread, and Vegas gave an outstanding answer in post #12.

Dial
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  • #260
  • Feb 23, 2006 7:01pm Feb 23, 2006 7:01pm
Hi Dial
Quoting diallist
Alan,

I asked about the 24 EMA in post #2 of this thread, and Vegas gave an outstanding answer in post #12.

Dial
Thanks.

I just started to copy and paste Vegas's latest posts into a document but hadn't got round to starting from the beginning

Best regards
Alan
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