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  • #2,141
  • Mar 26, 2011 5:31am Mar 26, 2011 5:31am
Tonie FX,

Glad to help when I can, but I am not very good @ teaching. Check it out & if you have questions PM me & I will try & help. Using the PM function will help to not clogg up this thread with too many off topic post.

As I have said before this way of trading as shared by Divergence is in my opinion an outstanding way for a new trader to start out trading as it is simple & revolves around price action. I am using this without any of the indicators, but being aware of the current support & resistance levels & of course knowing the current trend direction. Yes there will be some losers as with any method, but you have to cut the losers & live to trade another day.

...........................
  • #2,142
  • Mar 26, 2011 6:32am Mar 26, 2011 6:32am
Quoting occamsrazors
Hey Jmw
Nice idea! Would it be possible for you to post the .mq4 file please? I just like to see what code I'm compiling and using
Thanks Occam
I would like to also ask u for .mq4 file Thank you for effort!
  • #2,143
  • Mar 26, 2011 7:07am Mar 26, 2011 7:07am
Hi All

first of all I would like to thank Mr Divergence for giving his time so freely yesterday in giving the Webinar, I only read the thread (well skimmed) yesterday and being able to watch the Webinar really made some of the points sink in.

I lost my connection to the Webinar towards the end, around the time the discussion of strategy tester was being done so I am not sure if this has already been mentioned - my apologies if it has...

There is an EA for use in strategy tester called LFH Trading Simulator (can be found on this forum, just search) - this EA has no trading logic, it just simply plots the candles on the chart like in realtime but speeded up, therefore you can place manual trades etc. like you would when trading live, the good thing of course is that a 5min bar on max speed only takes a few seconds.

For those wishing to test this system without looking at visual backtests to see what it was like at the actual time this can be a great tool.

For those that wanted the MQ4 code here it is attached (please dont laugh I only learnt how to code in the last year).

Regards
John
Attached File(s)
File Type: mq4 !Retracement Finder.mq4   3 KB | 512 downloads
  • #2,144
  • Edited 7:28am Mar 26, 2011 7:14am | Edited 7:28am
Quoting PureSymmetry
HEy JMW.. well done fella you rock!

Tho being even lazier, is there anyway to code and alarm/popup when the bars swing above/below a level? That way all we need to do is check the chart when the alarm fires and not before!

let me know your thoughts.

~PureSymmetry
Hi PureSymmetry

in theory yes, though I will explain why it probably cant be done

The main problem i have seen on this thread is knowing when the trend is up or down, different people have different views - in fact a large number of Divergence's posts have been on this subject.

An alarm on the indicator would have the same problem, it wouldnt know whether it was looking for breaks above or below.

It should also be noted that the retracement does not necessarily have to pierce the SMA, it just has to retrace back to it.

In theory the indicator could be redone to have two alarm parameters, one for breaks above, one for break below - and the user sets in the parameters the appropriate one dependant on the current trend.

Regards
John
  • #2,145
  • Mar 26, 2011 7:20am Mar 26, 2011 7:20am
Quoting leelar
Hi davidb, Thanks for the PDF, I have a question regarding defining a trend. I posted a video, if anyone can take a look and explains it, that would be greatly appreciated.

Leelar

http://www.youtube.com/watch?v=cnPdDiSl48M
Leeler,
Try this to help you with finding significant levels of S/R. Zoom out to a 15M chart. Put the zig zag indicator on the chart and take off all the candles.
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 14 KB
  • #2,146
  • Edited 8:09am Mar 26, 2011 7:28am | Edited 8:09am
Quoting jmw1970
Hi PureSymmetry

in theory yes, though I will explain why it probably cant be done

The main problem i have seen on this thread is knowing when the trend is up or down, different people have different views - in fact a large number of Divergence's posts have been on this subject.

An alarm on the indicator would have the same problem, it wouldnt know whether it was looking for breaks above or below.

It should also be noted that the a retracement does not necessarily have to pierce the SMA, it just has to retrace back to it.

In theory the indicator...
Here's an indicator that will email/text you when a retrace has occurred. Set to CCI(8) with +50 and -50 levels.

http://www.forexfactory.com/images/attach/mq4.gif cci_color_susu.mq4
Would be nice if someone could adjust the code to allow you to set alert to go off when CCI crosses the 50 from above and -50 from below. AS is it will alert at any cross. jmw,if you read this post maybe you can alter the code.
  • #2,147
  • Mar 26, 2011 7:32am Mar 26, 2011 7:32am
we r in a down trend look at last lower high when price breaks it and pulls back loom for setup same goes for trend look for last higher high
  • #2,148
  • Mar 26, 2011 7:33am Mar 26, 2011 7:33am
[quote=jmw1970;4500691]Hi PureSymmetry

An alarm on the indicator would have the same problem, it wouldnt know whether it was looking for breaks above or below.....

If you search you will find one already written - I am not going to post as last time I posted and indicator I got a PM chewing me out for not acknowledging source. In fact, when I checked my code, someone had ripped off some metaquotes code.

Earlier I wrote something of a rant in reply to acetrader but my computer hung so I took that as a sign not to submit. However, I would like to say I cannot understand why he wishes to divert us from this thread.

I think the best advice for new people is to read the early pages carefully where Divergence develops the method step by step. Make your own list of rules and use a a checklist to apply 100%. If you have got this far you are either starting at the wrong end - go to post 1 and your work will be repaid (you will collect 200 for passing go).

Go past here and I hope you will find us concentrating solely on how to trade EURUSD 5M.
  • #2,149
  • Mar 26, 2011 7:36am Mar 26, 2011 7:36am
As I was writing my reply someone else posted the indicator - great: can be set to our levels. Hope you don't get any aggro!
  • #2,150
  • Mar 26, 2011 7:41am Mar 26, 2011 7:41am
Here's the other alert I use. It will email/text you also. Set the fast MA to 1 and the slow MA to 10. Put this one and the one I posted in post #2147 on your chart and it can give you a heads up on an upcoming trade.http://www.forexfactory.com/images/attach/mq4.gif MA Crossover Alert.mq4 (9.8 KB, 304 views)
  • #2,151
  • Mar 26, 2011 7:49am Mar 26, 2011 7:49am
passgo, i dont think acetrader was trying to divert anyone, someone asked him what other method he had been trading and he answered. he also stated to pm him with questions about that method as to not clog up this thread--i took it as, he was just willing to share something else that was working for him before he came across this thread.
  • #2,152
  • Mar 26, 2011 8:52am Mar 26, 2011 8:52am
tbjohnton,

That is correct my friend & I thank you. Not trying to divert anyone away from this thread as I see it as a great way to trade. That is exactly why I suggested to one trader using the PM function for additional questions.

If people would just read a post & not try to read into them what they want it to be they would be better off, but no harm was intended by anyone I am sure. Good trades to all.
  • #2,153
  • Mar 26, 2011 9:07am Mar 26, 2011 9:07am
Hey Jmw1970,
many thanks for coming back to me, what i was thinking was that with this cci bar indicator, it simply alerts if (for longs) the last x bars were below 0 and this one is now above 50 (we obviously reverse this for shorts).

This way we just get a signal that the cci has achieved + or - 50 and it is up to us to work out the trend.

If you are feeling adventurous, we could have the indicator give long alerts only when price is above our ma's and short alerts only when price is below the ma's..

how awesome would that be!

many thanks for any who attempt this!

~PureSymmetry
Enter Signature
  • #2,154
  • Mar 26, 2011 9:19am Mar 26, 2011 9:19am
Thank you Divergence for the webinar last night. It was terrific and extremely helpful. Now to the demo charts and practice, practice and more practice.
  • #2,155
  • Mar 26, 2011 12:23pm Mar 26, 2011 12:23pm
I have attached two PDF files that I created. They contain the rules from this forum, webinars and other inputs for trend trading only. I have tried to keep it pure to Divergence's rules. They do not discuss divergence or 123 set-ups. One is a flow chart of the rules, almost like a checklist. The other one is a PowerPoint presentation that contains the details of the system with some pictures.

I have gone over this many times for errors. If you find any, let me know and I can modify as necessary. Read, use and critique as you see fit.

Disclaimer: I am not an expert at this system. I am not trying to steal this thread. I simply put the rules in a one stop shop for my understanding and use.

Send me your feedback.

Divergence, if you see anything that you would like to add, let me know. Same if you would like me to remove or change.
Attached File(s)
File Type: pdf Flag Trend Flow Chart Rules.pdf   49 KB | 1,300 downloads
File Type: pdf Flag the Trend Trading.pdf   219 KB | 1,201 downloads
  • #2,156
  • Mar 26, 2011 12:39pm Mar 26, 2011 12:39pm
Wonderful work, Rcwso. Thanks.
  • #2,157
  • Mar 26, 2011 12:41pm Mar 26, 2011 12:41pm
i know now you understand what the setup looks like i hope i made it clear how to find trend i know i made it crystal clear how to enter into a relationship with god not by you good works but what jesus did on your behalf
  • #2,158
  • Mar 26, 2011 1:10pm Mar 26, 2011 1:10pm
Hi Rcwso,

Great job on the pdf's.

(I did notice that the Trading times for London session are not right)

Thanks
Mike



Quoting Rcwso
I have attached two PDF files that I created. They contain the rules from this forum, webinars and other inputs for trend trading only. I have tried to keep it pure to Divergence's rules. They do not discuss divergence or 123 set-ups. One is a flow chart of the rules, almost like a checklist. The other one is a PowerPoint presentation that contains the details of the system with some pictures.

I have gone over this many times for errors. If you find any, let me know and I can modify as necessary. Read, use and critique as you see fit.

Disclaimer:...
******************************
  • #2,159
  • Mar 26, 2011 1:11pm Mar 26, 2011 1:11pm
Rcwso,

Thank you so much for the files. You have put a lot of work in them. Very nice.

Carol

Quoting Rcwso
I have attached two PDF files that I created. They contain the rules from this forum, webinars and other inputs for trend trading only. I have tried to keep it pure to Divergence's rules. They do not discuss divergence or 123 set-ups. One is a flow chart of the rules, almost like a checklist. The other one is a PowerPoint presentation that contains the details of the system with some pictures.

I have gone over this many times for errors. If you find any, let me know and I can modify as necessary. Read, use and critique as you see fit.

Disclaimer:...
  • #2,160
  • Mar 26, 2011 1:37pm Mar 26, 2011 1:37pm
Rcwco, great job with the PDFs. Very colourful and easy to follow. Ray
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