Profit All Day System | Page 66 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EA "Close all positions at profit target" closed all positions at loss ? 9 replies

Simple scalping system, all red or all green 101 replies

Day Trading system - Simple system to make money 51 replies

Profit All Day with Retracement - EA development 42 replies

Looking for EA to close all Buy Or all Sell trades when in profit 0 replies

Attachments: Profit All Day System
Exit Attachments

Profit All Day System

  • #1,301
  • Mar 8, 2011 2:01am Mar 8, 2011 2:01am
Quoting punisher
The GMT8:05 at my Alpari real Datafeed , is not a Trade!!

The Rules :

EMAs must be heading down and spacing apart on 15m chart for entry.

The EMA's at the M15 Chart cross after 8:00 Candle close. before this Candle close at 8:15 there can change everything , so there was not spacing at GMT 8:05 for a trade.

may You google for the 3ema cross alert indicator, so you have an signal

Other thing for me , if you Trade longer you will be know also of the London Fake breakout, I not go at the first...
look at the chart.





but the emas on the 15m are heading down and spacing apart ? have a look at the chart.


reaM


what you are saying should not matter, i.e. long term trend and correction etc. this method on 5m should be mechanical...
  • #1,302
  • Mar 8, 2011 2:29am Mar 8, 2011 2:29am
Re: hhLhhllHll_alert_v5.ex4 Would it be possible please to make a small change? I'd like it so that it didn't colour in the whole bar and just the level (horizontal line) or just the outside of the bar and the level. This is so that I can see if the bar is a bullish or bearish bar. It's usually easy to see but sometimes it isn't. Would it be possible to have the MQ4 code for the indi instead of in EX4 format as well please?

Thanks for a great indi.
  • #1,303
  • Mar 8, 2011 3:12am Mar 8, 2011 3:12am
The EU trade you posted was a winner.

And no, the EMA's cross was above the M15 candle, not a valid signal (but still a winner)
I found a penny today. That's +100 pips for me.
  • #1,304
  • Mar 8, 2011 4:12am Mar 8, 2011 4:12am
Quoting Jfr
Re: hhLhhllHll_alert_v5.ex4 Would it be possible please to make a small change? I'd like it so that it didn't colour in the whole bar and just the level (horizontal line) or just the outside of the bar and the level. This is so that I can see if the bar is a bullish or bearish bar. It's usually easy to see but sometimes it isn't. Would it be possible to have the MQ4 code for the indi instead of in EX4 format as well please?

Thanks for a great indi.
Sorry but I have no time right now.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,305
  • Mar 8, 2011 7:00am Mar 8, 2011 7:00am
There was a good trade on the euro today
Attached Image (click to enlarge)
Click to Enlarge Name: eurgif.gif Size: 30 KB
  • #1,306
  • Edited 8:12am Mar 8, 2011 7:34am | Edited 8:12am
Quoting RonaldPaul
There was a good trade on the euro today
I took it.

Murray math never helped me, how do you find it?, right now EU jumped off the daily support 3 and is heading north.

Where can I find that MM indi?
I found a penny today. That's +100 pips for me.
  • #1,307
  • Mar 8, 2011 11:59am Mar 8, 2011 11:59am
I dont use Murreymath either per say,I just use the lines to trade off. I use the day chart and the close of that day. Monday it closed just under the 5/8ths line, what I do is wait till it climbs about 30 to 40 pips the opposit way just above the 5/8ths then I sell at Murreys minor 3/8ths which was 3960 today. I said all that because it is at Cubbys system.
  • #1,308
  • Mar 8, 2011 7:41pm Mar 8, 2011 7:41pm
Thanks for introducing me to Murray Math. Have just done a web search and have sparked my interest in something new. Not sure if this is yet another sidetrack for me, but I think it's worth looking into.

  • #1,309
  • Mar 10, 2011 7:27am Mar 10, 2011 7:27am
Sell at 3885, on a hour chart it was a perfect Cubby trade. Entry off the day chart. Two minor MurreyMath lines down from the high.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgif.gif Size: 31 KB
  • #1,310
  • Mar 10, 2011 2:45pm Mar 10, 2011 2:45pm
Hi All

could a horizontal line really improve the profitability of this system??

That's what I have been wondering, and after reading lots of different threads on this forum, I believe it could...

I will explain shortly, but for now, on the chat today we were discussing different length fractals (ie. the standard is 2 bars either side, but what about longer etc.)

Although there were a few available on the forum that did the job, they all did quite a bit extra too, and took a lot of processor so I decided to modify one of my own.

Parameters are:-
xi_Pips.Plus - the number of pips to add to the distance between the upper and lower fractal (generally to take into acct. spread and having +1 pip on either side of a line for the actual break)
xb_Alert.On - send an alert when the price breaks a fractal line
xb_Display.Measure - draw a line which will display in pips the distance between it and the upper/lower fractal
xc_Text - color of the text on the screen
xc_Min.Bars - the minimum no. of bars on both sides of the bar that need to be lower / higher than this for it to be considered a fractal

Below is a screen shot

P.S. I haven't forgot about the horizontal line, just that this post is already long enough

Regards
John
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5_110310_1.gif Size: 29 KB
Attached File(s)
File Type: ex4 !User Def Fractal Alert.ex4   8 KB | 476 downloads
  • #1,311
  • Mar 10, 2011 4:51pm Mar 10, 2011 4:51pm
OK, first post will discuss using horizontal lines as exits:-

one word that constantly appears in this forum is divergence, and to be quite honest it took me a while to understand it, but now I understand it a little bit, it can help.

Added RSI period 8 to the chart.

In the point circled, is the LL on the RSI on a downward trend - so I drew a horizontal line, the price flatlined for a bit and then carried on back down to form a new LL (marked A).

as you can see at point A the new LL did not cause a new LL on the RSI chart, therefore divergence and you could then of exited or stayed in the trade.

either way, assuming there was some trade open on the next leg down (either a new one, or the old one), at the next LL (marked B) it only just reached the line, therefore you could have used this as an exit, to get out and kept most of the pips

basically if a new LL or HH doesnt break the line of a previous LL / HH be wary as this is a sign of divergence, which i have seen in a lot of this forum people use as a trigger for a countertrend trade.

part 2 follows and is on entries and the line
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5_110310_2.gif Size: 28 KB
  • #1,312
  • Edited 5:21pm Mar 10, 2011 5:08pm | Edited 5:21pm
not the best example but it is late!!!!!!!!!!

in the picture below, i have circled the LL of RSI at the point of the fractal line being created, in the arrow that follows there was a break of the fractal line (which in theory is our main trigger to enter an order), however on the arrow you will see it didn't pierce the horizontal line of RSI

if it doesnt pierce the line, again we have divergence, which usually means price will head the other way.

what i am attempting to do is to reduce the amount of SL requirement by avoiding entries where whipsaws are likely - the stronger the move, the less SL is required
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5_110310_3.gif Size: 30 KB
  • #1,313
  • Mar 10, 2011 6:26pm Mar 10, 2011 6:26pm
Quoting Cubbybgood
PLEASE READ ALL OF THIS POST BEFORE TRADING!!!!!!

The only system one could ever want or truly need is right here.
I was taught this system from a friend of mine with a lot of forex knowledge.

I have a few threads on FF sharing with you a couple of my custom systems but this one here is the real deal. There's no custom or tricky indicators that repaint. Everything is already included in your platform. This is the system I use for my live trading and believe I always will. My custom systems are good but just don't...


ok fellas.

perhaps cubby or someone else can clarify the following points:


the stop loss of 3 pips below/above high/low, i believe, is too close. i think a stop loss of at least 5 pips above/ below works better.....the number of times the stop loss hit 3 pips above below is greater than it would have done on 5 pips.

has anybody realised this ?

also. u enter at break of high / low on 5 min, provided cci is above / below 90 etc. but what if the direction u are entering has already moved in that direction for a considerable length of time, say has moved by about 40 pips. do u still enter ? at point is it too late ?

there is one more question i wanted to ask, but my mind has gone blank.

when i remember i will get back.
  • #1,314
  • Mar 10, 2011 6:27pm Mar 10, 2011 6:27pm
Quoting gembug123
Thanks for introducing me to Murray Math. Have just done a web search and have sparked my interest in something new. Not sure if this is yet another sidetrack for me, but I think it's worth looking into.


forget about murray math. it is a disaster. dont even go there.,,,,
  • #1,315
  • Mar 10, 2011 6:34pm Mar 10, 2011 6:34pm
Quoting whatfx
ok fellas.

perhaps cubby or someone else can clarify the following points:


the stop loss of 3 pips below/above high/low, i believe, is too close. i think a stop loss of at least 5 pips above/ below works better.....the number of times the stop loss hit 3 pips above below is greater than it would have done on 5 pips.

has anybody realised this ?

also. u enter at break of high / low on 5 min, provided cci is above / below 90 etc. but what if the direction u are entering has already moved in that direction for a considerable length of time,...



this is a much more profitable system when used with the 15 min and 1 hour setup
  • #1,316
  • Mar 10, 2011 6:34pm Mar 10, 2011 6:34pm
i just remembered the other question i wanted to ask......

when cubby says the emas on the 15m chart should be pointing up/down and GOOD SPACING apart ? what do u class as ''good spacing'' ?

i.e. what degree of angle of seperation must there be between the emas for it to be good spacing ?


also must the 3 & 5 emas have crossed over the other ema in the trade direction ?


regards
  • #1,317
  • Mar 11, 2011 7:10am Mar 11, 2011 7:10am
On a 15 min chart the spacing has to be a delta of 25 on your moving averages imputes. But it really doesnt matter the Euro moves about 90 pips aday so after the high or low is made at 3:00am EST or the American session at 9:00am 30 pips up or down the spacing has to be there for the professionals to make there money.If your on the right side of the remaining 60 pips you make money.
  • #1,318
  • Mar 12, 2011 7:36am Mar 12, 2011 7:36am
Nice Euro trade at 3793
Attached Image (click to enlarge)
Click to Enlarge Name: eurgif.gif Size: 26 KB
  • #1,319
  • Mar 12, 2011 7:39am Mar 12, 2011 7:39am
Day chart, buy at 3793 minor 3/8ths up from the low.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgif.gif Size: 31 KB
  • #1,320
  • Mar 13, 2011 1:45am Mar 13, 2011 1:45am
nice one
I found a penny today. That's +100 pips for me.
2 traders viewing now