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  • #2,321
  • Mar 29, 2011 4:53am Mar 29, 2011 4:53am
Good reply Jonn.
  • #2,322
  • Mar 29, 2011 5:04am Mar 29, 2011 5:04am
hello everyone divergence on EU today but no 123 so i stay out of the trade. did i miss anything
Attached Image (click to enlarge)
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  • #2,323
  • Mar 29, 2011 5:09am Mar 29, 2011 5:09am
Hi All

been getting a few PM's initially regarding the Divergence indicator, but will probably now start coming regarding the Retracement indicator with it's latest change.

This is a rule for ALL indicators (not just mine) that create objects (like trendlines, text etc.) on themselves when they are displayed as a subwindow (ie. the bottom of your chart).

The indicator MUST be in it's own sub-window and cannot have any other indicator on top of it, ie. you cant add a MA to it or anything else (as was the case with one person who tried to combine the divergence finder with the retracement finder).

This is due to the way that MT4 finds out where to draw the objects (trendlines, text etc), it uses the name of the indicator as displayed in the sub-window, overlaying another indicator on top changes it's name and the original indicator can no longer find itself.

So if you are getting errors in your experts journal saying "Unknown Window for ObjectCreate" - This is the reason.

Regards
John
  • #2,324
  • Mar 29, 2011 5:29am Mar 29, 2011 5:29am
Quoting jmw1970
Hi Alright

I thought this system only worked off closed bars, ie. your entry is 1 pip greater/less than the setup bar high/low - and it was the setup bar that must be within 2.4 pips of the SMA

Or have I misread something again.

It could be added without a problem it is just that I am a minimilist (one of the reasons I like this system) and I dont want to add information to the screen that I shouldnt be using.

Regards
John
I agree about keeping stuff simple. The reason is if the current bar looks like its going to be a trigger bar and sometimes the price moves so fast that there's no time to place a stop order, I'd like to know in advance if everything is in place, distance from MA included. Actually the idea to display both current and previous bar side by side is probably not bad. I hope that makes sense.
  • #2,325
  • Mar 29, 2011 5:50am Mar 29, 2011 5:50am
done,

you need to set the flag "xb_Show.CB.Diff" to true to display the difference, default is false


Quoting alright
I agree about keeping stuff simple. The reason is if the current bar looks like its going to be a trigger bar and sometimes the price moves so fast that there's no time to place a stop order, I'd like to know in advance if everything is in place, distance from MA included. Actually the idea to display both current and previous bar side by side is probably not bad. I hope that makes sense.
Attached File(s)
File Type: ex4 !Retracement Finder.ex4   6 KB | 339 downloads
  • #2,326
  • Mar 29, 2011 6:17am Mar 29, 2011 6:17am
Thanks for the new indicators.

I have a useful indicator which I use alongside the EURUSD5M chart to provide an alert of news announcements. That way it doesn't complicate the trading chart but it is easy to check before entering a trade.

Rather than attach the indicator here I am posting the link to the thread, as this indicator has to be updated when FF change the url of their calendar:

http://www.forexfactory.com/showthre...=19293&page=39

The latest version that works for me is on this post: the indicator on the first post is regularly updated, but I don't think it has been updated yet with very recent changes.
  • #2,327
  • Mar 29, 2011 7:06am Mar 29, 2011 7:06am
Quoting jmw1970
done,

you need to set the flag "xb_Show.CB.Diff" to true to display the difference, default is false
Lovely! Thanks very much, John
  • #2,328
  • Mar 29, 2011 7:29am Mar 29, 2011 7:29am
Divergence 123 pattern starting to setup. ?
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  • #2,329
  • Mar 29, 2011 7:31am Mar 29, 2011 7:31am
Looks like it Toothman
  • #2,330
  • Mar 29, 2011 7:47am Mar 29, 2011 7:47am
i need some clarification. Assume a long trade. Div says that the entry candle must be with in 2.4 pips of the high of point 2 for a valid entry. I assume that is only needed if the entry candle high is BELOW point two and does not apply if the entry candle shoots well past/above point 2. Do i have this right?
  • #2,331
  • Mar 29, 2011 7:57am Mar 29, 2011 7:57am
Hi Alright

that's cool, of course what would make it really nifty would be if it could calculate the lot size required based on a certain risk %age and free margin available

though to do that you would need to have quite a few more entry fields

of course in theory there could always be a new indicator !*%"&

(i did mention previously i am quite lazy and anything to help me conserve my ever dwindling resources of gray matter)


Quoting alright
With my limited skills I managed to code the attached spreadsheet to calculate the trade levels automatically. I use it myself so I thought I would share it. The only inputs needed (and allowed) are the spread, bar high and swing low for longs in the left side, or bar low and swing high for shorts in the right side. All the modifiable cells are highlighted in yellow, the other levels will appear automatically. No decimal point is necessary i.e. the digits will need to be the whole 6 digit number (as on left side of the pic) or only the last 5 digits...
  • #2,332
  • Mar 29, 2011 8:04am Mar 29, 2011 8:04am
RCWSO's post 2240 clarifies this, taking it out completely is ok

Quoting specracer
i need some clarification. Assume a long trade. Div says that the entry candle must be with in 2.4 pips of the high of point 2 for a valid entry. I assume that is only needed if the entry candle high is BELOW point two and does not apply if the entry candle shoots well past/above point 2. Do i have this right?
  • #2,333
  • Edited Mar 30, 2011 3:43am Mar 29, 2011 8:25am | Edited Mar 30, 2011 3:43am
With my limited skills I managed to code the attached spreadsheet to calculate the trade levels automatically. I use it myself so I thought I would share it. The only inputs needed (and allowed) are the spread, bar high and swing low for longs in the left side, or bar low and swing high for shorts in the right side. All the modifiable cells are highlighted in yellow, the other levels will appear automatically. No decimal point is necessary i.e. the digits will need to be the whole 6 digit number (as on left side of the pic) or only the last 5 digits (as on right side of the pic) to be quicker. TP-5 markes the level where we can start managing the trade by moving the stop to b/e. The stop loss is limited to max 26 pips as per rules.


Edit: I'm really sorry but I had to edit the SS again, as in my opinion the levels on the pdf didn't account for spread correctly. This version should be correct now, considering spread for buy orders on both long and short trades.

http://i51.tinypic.com/scbzox.jpg
Attached File(s)
File Type: xls FLAG TRADE CALCULATOR v1.xls   22 KB | 508 downloads
  • #2,334
  • Mar 29, 2011 8:28am Mar 29, 2011 8:28am
10 am news
  • #2,335
  • Mar 29, 2011 8:28am Mar 29, 2011 8:28am
Quoting jmw1970
Hi Alright

that's cool, of course what would make it really nifty would be if it could calculate the lot size required based on a certain risk %age and free margin available

though to do that you would need to have quite a few more entry fields

of course in theory there could always be a new indicator !*%"&

(i did mention previously i am quite lazy and anything to help me conserve my ever dwindling resources of gray matter)
Hey mate, I said my skills are limited!!! I had deleted my previous post to modify the SS but, joking apart, I'm afraid it does go beyond my power. Hopefully someome will pick up your request. Sorry about that
  • #2,336
  • Mar 29, 2011 8:34am Mar 29, 2011 8:34am
Specracer--Right. The typical entry on a 123 is the break of 2 so I'm assuming div. is wanting you within the 2.5 pips(coming from below on a buy) plus one pip past an MA and CCI cross and close. I personally like to see the break of 2.
  • #2,337
  • Mar 29, 2011 8:59am Mar 29, 2011 8:59am
Quoting jmw1970
done,

you need to set the flag "xb_Show.CB.Diff" to true to display the difference, default is false
Hi John... thanks again for the indi

there is a slight mistake in your code though... the current bar dispaly is still calculating from the previous bar high/low... thought you should know.
  • #2,338
  • Mar 29, 2011 9:04am Mar 29, 2011 9:04am
copy & paste error, now fixed

Quoting d4n
Hi John... thanks again for the indi

there is a slight mistake in your code though... the current bar dispaly is still calculating from the previous bar high/low... thought you should know.
Attached File(s)
File Type: ex4 !Retracement Finder.ex4   6 KB | 548 downloads
  • #2,339
  • Mar 29, 2011 9:55am Mar 29, 2011 9:55am
Is anyone trading anything out there? I can't get comfortable with any possible trades right now. Am i over thinking this? HELP!
  • #2,340
  • Mar 29, 2011 10:04am Mar 29, 2011 10:04am
I missed this one. Any body get it? Any body Like it?

Is it a valid 123?
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