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Ronnierott's 1 Hour Strategy

  • #521
  • Mar 24, 2011 10:42am Mar 24, 2011 10:42am
Quoting peterporter
interesting
mine shows it hits it . anyway no big shakes wether someone takes it or not as its repainting at the moment until the hour hits
i see. i guess we're using diff broker, dats y the difference
  • #522
  • Mar 24, 2011 10:44am Mar 24, 2011 10:44am
Quoting Khad
Distance between 15 EMA and candle low is a bit more than 30 pips, so per rules it isn't valid.

What do you guys think ?

in my opinion, as per rule, it's valid
but as per individual's risk level, u can choose to skip this trade as its risky. for me, i'll skip this, cos too far from the ema
  • #523
  • Mar 24, 2011 10:50am Mar 24, 2011 10:50am
Quoting kedridder
in my opinion, as per rule, it's valid
but as per individual's risk level, u can choose to skip this trade as its risky. for me, i'll skip this, cos too far from the ema
Like I said I reckon S1 might be mucking it up , It may consolidate here for a bit and then after that who knows which way it will go
UPDATE - she is good to go , if this breaks you will have a good trade to the downside, S1 is supporting it at the mo
  • #524
  • Mar 24, 2011 10:54am Mar 24, 2011 10:54am
The setup candle closed above the 15 EMA, so is it valid or does it have to close below ?
Attached Image (click to enlarge)
Click to Enlarge Name: gpbusd_h1.gif Size: 15 KB
  • #525
  • Mar 24, 2011 10:55am Mar 24, 2011 10:55am
Quoting Khad
The setup candle closed above the 15 EMA, so is it valid or does it have to close below ?
the setup candle becoome the current one in this instance- you really will see more of the picture if you mark the round numbers and pivots etc
  • #526
  • Mar 24, 2011 10:57am Mar 24, 2011 10:57am
Quoting peterporter
the setup candle becoome the current one in this instance
I see. Thank you very much for the explanation.
  • #527
  • Mar 24, 2011 11:05am Mar 24, 2011 11:05am
Quoting Khad
I see. Thank you very much for the explanation.
Unfortunatley I dont play by the rigid rules of this - I entered this at 130.787
I use it for the signalling of entries , but I take into account other factors when placing the trade
Lets see if Support has become resistance now at 130.834
If it has its a good trade to take as a short even forgetting the 30 pip rule
  • #528
  • Edited Mar 25, 2011 6:13am Mar 24, 2011 11:42am | Edited Mar 25, 2011 6:13am
Quoting nikita
JUbu
thanks for your indicator..
however..i dont see anything 'different' (from alerts to lines) when i attached it to the chart..
is there something i did wrong?
can you post a screen shot to show me how does it look like?
Nikita i don't know why you are having this problem. the indicator draws arrows above and below the setup candles and alerts you when they appear. Maybe you don't have the MACD-with-ema installed. If it's not that then check the experts or journal tab when you put it on to see what error it gives you.

Also i have done the update you guys asked me to do. I have put the SendMail option to it. For this to work you have to enable it by setting the SendEmail option from the indi properties to true and make sure that the email is set up correctly in the tools>options>email tab.

Also i don't know if you've noticed but i think that the previous candle on GBPUSD was a setup candle + a bearish engulfing.

Update : OK.. probably the last update. I fixed a bug. After closing and opening the MT4 the indicator did not redraw the arrows. You had to change the TF or remove and load the indi again for it to draw the arrows again. Now it works fine. Sorry for that bug.
Attached File(s)
File Type: ex4 RonnieSignals.ex4   6 KB | 431 downloads
  • #529
  • Mar 24, 2011 1:10pm Mar 24, 2011 1:10pm
A few nearly trades today but only 1 that played by the rules.

G/U sell @ 1.61465. Currently +30 with SL @ B/E
  • #530
  • Mar 25, 2011 3:58am Mar 25, 2011 3:58am
guys, there's a setup for EURJPY on a H1 chart. good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.jpg Size: 74 KB
  • #531
  • Mar 25, 2011 4:01am Mar 25, 2011 4:01am
Quoting kedridder
guys, there's a setup for EURJPY on a H1 chart. good luck!

well, on 2nd thought, i'll give this trade a miss. i found a v strong resistance here, on the yellow region. price may get rejected strongly there.
Attached Image (click to enlarge)
Click to Enlarge Name: ej1.jpg Size: 132 KB
  • #532
  • Mar 25, 2011 6:35am Mar 25, 2011 6:35am
Hi guys, i've updated the indi again. Check this post #528. I fixed a bug. Sorry for that bug. This will probably be the last version, last update.

Also we have two setup candles today so far witch weren't triggered. E/G and U/G 10:00 candle (GMT).

Also i've created an ea for the strategy with the conditions of the indi and the sl and tp fixed to 100 pips without break even (and with). I backtested it and found that the M30 is the most profitable TF on EURUSD only. I will continue testing it and tell you guys what i find. The 1H tf is also good (probably better) but the M30 gave the best results with the ea on this particular period of time (from nov 2010 to march 2011, about 5 months). Of course the ea doesn't take into consideration all the factors that a human could do so.... The profit factor was around 600%.. but don't get your hopes up cause that might have been just a lucky period... i'll keep you up to date with the research.
  • #533
  • Mar 25, 2011 7:37am Mar 25, 2011 7:37am
Quoting jubu
Hi guys, i've updated the indi again. Check this post #528. I fixed a bug. Sorry for that bug. This will probably be the last version, last update.

Also we have two setup candles today so far witch weren't triggered. E/G and U/G 10:00 candle (GMT).

Also i've created an ea for the strategy with the conditions of the indi and the sl and tp fixed to 100 pips without break even (and with). I backtested it and found that the M30 is the most profitable TF on EURUSD...


thank u jubu, appreciate your contributions.
  • #534
  • Mar 25, 2011 8:01am Mar 25, 2011 8:01am
Quoting ronnierott
A few nearly trades today but only 1 that played by the rules.

G/U sell @ 1.61465. Currently +30 with SL @ B/E
Hello,

Do you keep positions open over the weekend, or do you close them before the end of the week ?

Thanks,

Khad
  • #535
  • Mar 25, 2011 12:04pm Mar 25, 2011 12:04pm
Quoting Khad
Hello,

Do you keep positions open over the weekend, or do you close them before the end of the week ?

Thanks,

Khad
If they are showing good profit then I will close them.
  • #536
  • Mar 25, 2011 12:13pm Mar 25, 2011 12:13pm
The U/CHF from last week closed for a loss, so last weeks total was +345.

As for this week:-

21/03 G/J +100
21/03 E/U B/E
24/03 G/U +100.

Alot quieter week than last week but still ended +200.

I can't complain at that.
  • #537
  • Mar 25, 2011 1:40pm Mar 25, 2011 1:40pm
thanks a ton mate !!!


regards
rishi

Quoting jubu
Hi guys, i've updated the indi again.... up to date with the research.
  • #538
  • Mar 26, 2011 3:44am Mar 26, 2011 3:44am
Quoting ronnierott
The U/CHF from last week closed for a loss, so last weeks total was +345.

As for this week:-

21/03 G/J +100
21/03 E/U B/E
24/03 G/U +100.

Alot quieter week than last week but still ended +200.

I can't complain at that.

nice one
  • #539
  • Mar 26, 2011 1:52pm Mar 26, 2011 1:52pm
just finish reading. Good luck to u all
  • #540
  • Mar 26, 2011 3:52pm Mar 26, 2011 3:52pm
Quoting ataviano
just finish reading. Good luck to u all

Welcome to the thread..............
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