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

  • #581
  • Mar 29, 2011 8:45am Mar 29, 2011 8:45am
Quoting netwatchpips
Hi Jubu,

Just attached the Indi and all working good. Excellent work! Much appreciated. Also you advised you are in process of developing the EA for this strategy. Could you please update us. Many Thanks!
Well the EA is in testing for best results. I'll let you know when i have something solid profitable. Till then you can use the other EA i have seen on this thread made by EACoder if you want. I'm gonna be making this EA so that it will work on 8(so far EU, GU, EG, UJ, AU, UC, EC, GJ) pairs all at once. So it's gonna detect signal from predetermined (written within the EA) pairs no matter what pair you put it on.
  • #582
  • Mar 29, 2011 2:43pm Mar 29, 2011 2:43pm
Quoting nikita
yea..sad to say its a bad start..
but i guess GU is worth the wait since its on the way to be a setup candle..but of course, need to wait till the line crosses the macd red.. rite?

after double checking the chart on EU, it is coming down again.. DARN! in a way it just shoot up-touch my SL- and come back down..

anyway ronnie, just wanna ask your expert opinion, is it not advisable to trade on the first day of the trading week for your method? as in let the market run for 1 whole day first then only look for setups 2nd day onwards?
Hi Nikita,

That's a tough question.

Looking back over the last month or so I'd say it's pretty much B/E.

Some Mondays are losers but then again some are winners.

Bottom line is, I've been trading this live for the last 5 months and it's been doing ok. If I see a setup then I'll put the trade on. I don't filter it with news announcements (apart from NFP) or S/R lines. My MM is very strict so as not to get too greedy or fear if I take a loss.

Sure, a few losses in a row does happen, but the bigger picture is that it is profitable.

A big plus point with this strategy is that screen time is minimal. I'm not the person that likes to stare at the screen all day.............. I look at the charts on the hour between 0600 & 1800 GMT and that's it.

If we could improve on this strategy through this thread then that would be great............

The forex market is a beast that will never be tamed, but to have an edge would be priceless.
  • #583
  • Mar 29, 2011 7:04pm Mar 29, 2011 7:04pm
Quoting jubu
Well the EA is in testing for best results. I'll let you know when i have something solid profitable. Till then you can use the other EA i have seen on this thread made by EACoder if you want. I'm gonna be making this EA so that it will work on 8(so far EU, GU, EG, UJ, AU, UC, EC, GJ) pairs all at once. So it's gonna detect signal from predetermined (written within the EA) pairs no matter what pair you put it on.
Hi Jubu

Not that it makes much difference but I noticed your parameters are slightly wrong

MACDBUFF = iCustom(NULL,0,"Macd-with-EMA",30,75,1,12,4,i+1);
MACDMA = iCustom(NULL,0,"Macd-with-EMA",30,75,1,12,6,i+1);

should be

MACDBUFF = iCustom(NULL,0,"Macd-with-EMA",35,70,1,12,4,i+1);
MACDMA = iCustom(NULL,0,"Macd-with-EMA",35,70,1,12,6,i+1);
  • #584
  • Mar 29, 2011 11:36pm Mar 29, 2011 11:36pm
I've been using this strategy for over a month now and it has been very useful for me so far. Since yesterday till today 7:30 am GMT+3 i made over $2000 and counting, mostly on jpy. Signals are pretty reliable (ofcourse not 100%) but good enough to go in without too much hesitation.

I change a system a little bit, like i apply macd both the default value which is 10,20,1,7 and one which is provided 35,70,1,12. That gives me a view of both short term price movement and long term movement.

Good thing is that you can use it on commodities aswell. I tried it and it works.

I recommend every new trader to try this, its totally worth it.
  • #585
  • Mar 30, 2011 12:54am Mar 30, 2011 12:54am
Quoting jubu
Yap... gj Khad, that was the problem. I use a 4 digit broker and i can see that many of you guys use a 5 digit broker. I've fixed that problem and made it so that it works on a five digit broker too (tested on Alpari). This version posted below v2.1 works on a 4 and 5 digit broker but if you have a 4 digit broker i would recommend you to get the v2.0 posted previously because that one works best on it. For example v2.1 will not work on a 3 digit pair from a 4 digit broker account and also it won't work on a...

thanks working now
  • #586
  • Mar 30, 2011 1:24am Mar 30, 2011 1:24am
Quoting Mustafa
I've been using this strategy for over a month now and it has been very useful for me so far. Since yesterday till today 7:30 am GMT+3 i made over $2000 and counting, mostly on jpy. Signals are pretty reliable (ofcourse not 100%) but good enough to go in without too much hesitation.

I change a system a little bit, like i apply macd both the default value which is 10,20,1,7 and one which is provided 35,70,1,12. That gives me a view of both short term price movement and long term movement.

Good thing is that you can use it on commodities aswell....
Hi Mustafa

Excellent news
Do you only enter when both macd's have their ema lines in the MACD coloured area or is it just for information , to see how good the trade can be
  • #587
  • Mar 30, 2011 1:46am Mar 30, 2011 1:46am
Quoting peterporter
Hi Jubu

Not that it makes much difference but I noticed your parameters are slightly wrong

MACDBUFF = iCustom(NULL,0,"Macd-with-EMA",30,75,1,12,4,i+1);
MACDMA = iCustom(NULL,0,"Macd-with-EMA",30,75,1,12,6,i+1);

should be

MACDBUFF = iCustom(NULL,0,"Macd-with-EMA",35,70,1,12,4,i+1);
MACDMA = iCustom(NULL,0,"Macd-with-EMA",35,70,1,12,6,i+1);
Thanks for pointig that out Peter. I've reuploaded the indi v2.1 with the correct parameters in post #579. The other versions i couldn't update becouse i can't edit thoes posts anymore.

It didn't make much of a difference but who knows. I think we should have a special page or something for this strategy's indis and updates or EAs.

Also, i think that when we see trends like the GBPJPY one right now that don't touch the EMA15 we should switch to a lower TF like M30 or M15 for better results.

And also on EURUSD There is a reverse H&S. (H1 TF)
  • #588
  • Mar 30, 2011 1:56am Mar 30, 2011 1:56am
Quoting jubu
Thanks for pointig that out Peter. I've reuploaded the indi v2.1 with the correct parameters in post #579. The other versions i couldn't update becouse i can't edit thoes posts anymore.

It didn't make much of a difference but who knows. I think we should have a special page or something for this strategy's indis and updates or EAs.

Also, i think that when we see trends like the GBPJPY one right now that don't touch the EMA15 we should switch to a lower TF like...
Yeh I agree, its a shame to see those pips fly away on GBPJPY

We would have to use another limit though, not 10 pips above
maybe 5 or 3, i am not sure really and different tp sl as pipo was saying yesterday with the ATR
  • #589
  • Mar 30, 2011 4:15am Mar 30, 2011 4:15am
Has anyone gone for UC Pending
  • #590
  • Mar 30, 2011 4:32am Mar 30, 2011 4:32am
Quoting peterporter
Has anyone gone for UC Pending
Pending buy stop order @0.92392
  • #591
  • Mar 30, 2011 4:55am Mar 30, 2011 4:55am
Quoting Khad
Pending buy stop order @0.92392
plus the spread of (in my case 2.6) which equasl 0.92418 but not the end of the world is it +- 2 pips


ive deleted it now anyway
  • #592
  • Mar 30, 2011 7:31am Mar 30, 2011 7:31am
Quoting Mustafa
I've been using this strategy for over a month now and it has been very useful for me so far. Since yesterday till today 7:30 am GMT+3 i made over $2000 and counting, mostly on jpy. Signals are pretty reliable (ofcourse not 100%) but good enough to go in without too much hesitation.

I change a system a little bit, like i apply macd both the default value which is 10,20,1,7 and one which is provided 35,70,1,12. That gives me a view of both short term price movement and long term movement.

Good thing is that you can use it on commodities aswell....


on 1H TF?
  • #593
  • Mar 31, 2011 5:48am Mar 31, 2011 5:48am
im on uc.. almost hitting my stop loss..the whole week managed a few trades..so far losses..few still pending..
  • #594
  • Mar 31, 2011 6:39am Mar 31, 2011 6:39am
Quoting nikita
im on uc.. almost hitting my stop loss..the whole week managed a few trades..so far losses..few still pending..

U/C ????

That pending order should have been cancelled
  • #595
  • Mar 31, 2011 7:09am Mar 31, 2011 7:09am
Quoting ronnierott
U/C ????

That pending order should have been cancelled
I'm in GBPJPY since yesterday, currently -21 pips...
  • #596
  • Mar 31, 2011 8:22am Mar 31, 2011 8:22am
my gj is alreadi stopped out..
why uc cancel? all the rules was in place when i took the order..
uc just stopped out..
erm.. wow.. 3 trades placed this week..all losing trades.. another 2 open trade.. any ideas?
  • #597
  • Mar 31, 2011 8:25am Mar 31, 2011 8:25am
Quoting nikita
my gj is alreadi stopped out..
why uc cancel? all the rules was in place when i took the order..
The candle after the one you entered at closed below the 15 EMA --> cancel the order...
  • #598
  • Mar 31, 2011 10:58am Mar 31, 2011 10:58am
but if i remembered correctly..the order was placed before the candle touched the 50ema.. no ?

anyway i have 3 more trades on..au,usdcad and cadchf.. 1 profit 2 losing.. will wait till the outcome..
  • #599
  • Mar 31, 2011 11:17am Mar 31, 2011 11:17am
Quoting nikita
but if i remembered correctly..the order was placed before the candle touched the 50ema.. no ?

anyway i have 3 more trades on..au,usdcad and cadchf.. 1 profit 2 losing.. will wait till the outcome..

The candle after the setup candle closed below the 15 EMA.

The 50 EMA has no relevance.
  • #600
  • Mar 31, 2011 11:18am Mar 31, 2011 11:18am
oh..need your help..
as i wont be sitting at the computer all the time..
i remembered i read somewhere that theres an ea/script.. which can auto adjust your SL or even TP once it reached a certain price..

it is extremely handy when times like..when its +50 pips.. the new stop loss would be at Break even.. so anyone has that tool to auto set or auto adjust ??
thanks for your help..

p/s the uc that i placed...i think it was almost 6 candles away from the one u said touches the 50ema.. tat time there was also a setup candle and therefore i placed my order there.. but sad to say..reason it turned out as a loss was also because i was away from the pc and i didnt not change the stop loss to BE when it touches +50 pips..
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