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Attachments: Ronnierott's 1 Hour Strategy
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Ronnierott's 1 Hour Strategy

  • #481
  • Mar 21, 2011 11:58am Mar 21, 2011 11:58am
Quoting ronnierott
Trades taken today:-

G/J buy @ 131.40. Currently + 63, SL @ B/E

E/U buy @ 1.4172. Currently + 34.
Well done

The EU one, I opted out of cos the EMA was a bit too close to the edge of the MACD outline
I reckon this one might go south tonight
  • #482
  • Mar 21, 2011 12:22pm Mar 21, 2011 12:22pm
Quoting kedridder
Hi Ronnierott, do u mind putting in these 2 pairs in terms of charts, so we know where your entry point is, ie which part of the day u executed them?

this way, we can learn better.

thanks in advance

No probs, will do them later. But for info, the G/J setup candle was at 06.00 GMT and the E/U candle was at 09.00 GMT.
  • #483
  • Mar 21, 2011 12:24pm Mar 21, 2011 12:24pm
Quoting peterporter
Well done

The EU one, I opted out of cos the EMA was a bit too close to the edge of the MACD outline
I reckon this one might go south tonight

It was close, but was just in the MACD area. The G/J setup was ideal
  • #484
  • Mar 21, 2011 1:16pm Mar 21, 2011 1:16pm
Quoting ronnierott
The beauty of this strategy is that when the market is moving in a sideways movement you'll find that the 15 EMA is too close to or within the 50 EMA channel which will then keep you out of a trade.

And when the market is trending, well, happy days.
have you quantified what you mean by,"too close," to the 50 EMA channel? 10 pips? 50 pips? Pippo
Vincit qui se vincit.
  • #485
  • Mar 21, 2011 1:23pm Mar 21, 2011 1:23pm
Quoting Pippopotamus
have you quantified what you mean by,"too close," to the 50 EMA channel? 10 pips? 50 pips? Pippo

Hi Pippo,

I like to see the 15 EMA away from the 50 EMA by at least 6 pips.
  • #486
  • Mar 21, 2011 1:38pm Mar 21, 2011 1:38pm
Quoting ronnierott
No probs, will do them later. But for info, the G/J setup candle was at 06.00 GMT and the E/U candle was at 09.00 GMT.

Here's todays setups....

S/Losses are both now B/E.

G/J is now +70

E/U is now +57
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 21 MAR.jpg Size: 141 KB
Click to Enlarge Name: GJ 21 MAR.jpg Size: 131 KB
  • #487
  • Mar 22, 2011 10:40am Mar 22, 2011 10:40am
congrats ronnie, looks some neat work !

i shall join you guys in first week of april as going on a trip.


regards
rishi
  • #488
  • Mar 22, 2011 4:12pm Mar 22, 2011 4:12pm
No new setups today.

Yesterday's G/J ended up hitting the T/P @ +100 & the E/U trade is still in play @ +27....

I'm only stating trade setups for the pairings that I personally use, which are E/U, G/U, G/J & U/CHF.
  • #489
  • Mar 23, 2011 1:25am Mar 23, 2011 1:25am
Quoting EaCoder_ITA
NP
One questione concerning the EA: I used the EA for G / J and in the last days the EA produced about 8 stop buy orders - all not triggered for now. Is that alright according to the rules or the EA logic ?

Thanks for a short input!
  • #490
  • Edited 2:03pm Mar 23, 2011 4:50am | Edited 2:03pm
Hello everyone, i've made a few trades using this strategy of ronnies and i consider it to be a very good strategy. That's why i made an indicator that alerts you and also draws an arrow as a signal whenever the conditions of this strategy are met. Here it is, i hope it will be of use.

The indicator only gives entering signals and doesn't take into consideration the part where if there is a setup candle and the next one crossest the ema15 back and closes you have to delete the pending order and wait for another one.

The conditions of the indi are (for a long trade) :
- close above ema15
- ema15 > ema50(applied to high) + 6 pips
- high > ema15
- high < ema15 + 50 pips
- low <= ema15
- low > ema15 - 50 pips
- low > ema50 (applied to high)
- macd ema(the yellow one) < macd signal (the colored zone)
- macd ema > 0
- macd signal > 0
- close > open
the conditions are applied for the setup candle.
(for a short trade they are the opposite)

Ronnie please correct me if any of these conditions are wrong or should be corrected.
Oh.. and also.. for this indicator to work you have to have the "Macd-with-EMA.mq4" indicator that ronnie posted at the begining of the thread.

Update : I've modified the indi a little bit, i've resolved a bug with the alert system. It was alerting on every pip (very annoying). Plus i've added the TF and pair to the alert. So now it will say for ex. "Place BUY STOP at "price" on EURUSD, TF: H1". Please replace the other one with this one.

Update : Exculded Close > Open(for long) and Close < Open(for short) condition. Ronnie said that candle color does not matter.
Attached File(s)
File Type: ex4 RonnieSignals.ex4   5 KB | 304 downloads
  • #491
  • Mar 23, 2011 5:44am Mar 23, 2011 5:44am
Quoting jubu
Hello everyone, i've made a few trades using this strategy of ronnies and i consider it to be a very good strategy. That's why i made an indicator that alerts you and also draws an arrow as a signal whenever the conditions of this strategy are met. Here it is, i hope it will be of use.

The indicator only gives entering signals and doesn't take into consideration the part where if there is a setup candle and the next one crossest the ema15 back and closes you have to delete the pending order and wait for another one.

The conditions of the indi...
Excellent jubu
few questions
1. I have just pu it on to 15m TF will it work for that aswell
2. Can I backtest with it
3. can you set an Alert at the same time as the arrow is shown please with the symbol pair and direction and TF.ie "Sell on GBPUSD 15m" and maybe an option to email instead of alert

Ta
Peter
  • #492
  • Mar 23, 2011 5:59am Mar 23, 2011 5:59am
Quoting peterporter
Excellent jubu
few questions
1. I have just pu it on to 15m TF will it work for that aswell
2. Can I backtest with it
3. can you set an Alert at the same time as the arrow is shown please with the symbol pair and direction and TF.ie "Sell on GBPUSD 15m" and maybe an option to email instead of alert

Ta
Peter
1. Well it will work on any TF, but it was made for this strategy so it works best on 1H. I don't know how good the signals will be on other timeframes.
2. what kind of backtesting ?
3. It allready has the alert system. When the arrow appears the alert goes off and tells you to buy stop or sell stop, and the price (10pips + high). I will update ii so that it shows pair and tf too...
  • #493
  • Mar 23, 2011 6:50am Mar 23, 2011 6:50am
Quoting jubu
Hello everyone, i've made a few trades using this strategy of ronnies and i consider it to be a very good strategy. That's why i made an indicator that alerts you and also draws an arrow as a signal whenever the conditions of this strategy are met. Here it is, i hope it will be of use.

The indicator only gives entering signals and doesn't take into consideration the part where if there is a setup candle and the next one crossest the ema15 back and closes you have to delete the pending order and wait for another one.

The conditions of the indi...

Great job Jubu,

The parameters look good. I will put it on the charts and monitor.
  • #494
  • Mar 23, 2011 7:02am Mar 23, 2011 7:02am
Quoting jubu
Hello everyone, i've made a few trades using this strategy of ronnies and i consider it to be a very good strategy. That's why i made an indicator that alerts you and also draws an arrow as a signal whenever the conditions of this strategy are met. Here it is, i hope it will be of use.

The indicator only gives entering signals and doesn't take into consideration the part where if there is a setup candle and the next one crossest the ema15 back and closes you have to delete the pending order and wait for another one.

The conditions of the indi...


thank u jubu. your indi makes the setup candles easier to see.
  • #495
  • Mar 23, 2011 7:10am Mar 23, 2011 7:10am
Quoting peterporter
Excellent jubu
few questions
1. I have just pu it on to 15m TF will it work for that aswell
2. Can I backtest with it
3. can you set an Alert at the same time as the arrow is shown please with the symbol pair and direction and TF.ie "Sell on GBPUSD 15m" and maybe an option to email instead of alert

Ta
Peter

Hi Peter, i feel this system does not work well in 15m TF.
i have attached two charts, doesnt look great, lots of whipsaw.

TF of 1H, definitely allows the chart to breathe more. but of course, your lot size have to be reduced significantly.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 141 KB
Click to Enlarge Name: eu.jpg Size: 134 KB
  • #496
  • Mar 23, 2011 8:26am Mar 23, 2011 8:26am
Quoting kedridder
Hi Peter, i feel this system does not work well in 15m TF.
i have attached two charts, doesnt look great, lots of whipsaw.

TF of 1H, definitely allows the chart to breathe more. but of course, your lot size have to be reduced significantly.
Hiya Kedridder

Yeh there does seem to be alot of whips,
I am only placing trades that go in line with the higher trends, rather than against the trends
If it proves good that way i will report back
  • #497
  • Mar 23, 2011 8:28am Mar 23, 2011 8:28am
Quoting peterporter
Hiya Kedridder

Yeh there does seem to be alot of whips,
I am only placing trades that go in line with the higher trends, rather than against the trends
If it proves good that way i will report back

yeah, please do. thanks peter!
  • #498
  • Edited 8:33am Mar 23, 2011 8:32am | Edited 8:33am
I've updated the indi. Please see my first post. #490
  • #499
  • Mar 23, 2011 8:44am Mar 23, 2011 8:44am
Quoting jubu
I've updated the indi. Please see my first post. #490
Your the man!!!! thanks jubu
  • #500
  • Mar 23, 2011 9:18am Mar 23, 2011 9:18am
Hi all, looks like there's no setup today on H1 TF?
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