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Ribbon dance

  • #161
  • Apr 6, 2011 2:52am Apr 6, 2011 2:52am
Update:
- MA Ribbon has alerts and arrows (optional)
- i don't use anymore cci20 because it's show the same thing as ribon, and it doesn't help me that much
- i use instead intense manual drawing of trendlines and/or channels
- i'm using ribon but i also look at breakouts from trendlines that i draw, and also look at pivot rejection

Enjoy!
Attached File(s)
File Type: tpl ! ribon with alerts.tpl   31 KB | 989 downloads
File Type: mq4 MA ribbon filled_Alerts.mq4   5 KB | 1,215 downloads
  • #162
  • Apr 6, 2011 4:53am Apr 6, 2011 4:53am
Quoting bretlee
@ zamanib - Can you please share your Template with the cloud Indicator ? I have read the link to the cloud Webpage, but there are many cloud indicators for use ..... ..... Thank you very much

and

Best Regards
bretlee
indi
Attached File(s)
File Type: ex4 Alternative Ichimoku.ex4   4 KB | 806 downloads
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #163
  • Apr 6, 2011 4:54am Apr 6, 2011 4:54am
THAAANK YOU
  • #164
  • Apr 6, 2011 5:01am Apr 6, 2011 5:01am
Quoting bretlee
THAAANK YOU
I take all my trades on 15 pips rangebars
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #165
  • Apr 6, 2011 5:04am Apr 6, 2011 5:04am
I see, its extremly profitable. Can you tell me the Settings for alternative Ichimoku ? Or they are standart ?
  • #166
  • Apr 6, 2011 5:15am Apr 6, 2011 5:15am
Quoting bretlee
I see, its extremly profitable. Can you tell me the Settings for alternative Ichimoku ? Or they are standart ?
try 75 75

52 26

I LIKE 34 29
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #167
  • Apr 6, 2011 5:17am Apr 6, 2011 5:17am
ok, thank you very much
  • #168
  • Apr 6, 2011 5:20am Apr 6, 2011 5:20am
Thamks very much Marcus.... yesterday I took 7 trades and I finised with 1 loss and 6 win... My own goal is around 20-30 pips /day with an incrising a lot size ... and I did some mistakes because I am nervoeus and I don*t realy know your system....

total for the last 16h00: around 100pips..

but it was my first day with a good guileline....

next ... a ton of pips....

have a nice day

P>S> I add an indicator for more entry like support and resistance and I trade also the 123 pattern.... very good system...simple...
  • #169
  • Apr 6, 2011 5:21am Apr 6, 2011 5:21am
Hi Marcuss! please tell me, what would you do in this situation? You may go to buy or not
Attached Image (click to enlarge)
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  • #170
  • Apr 6, 2011 6:15am Apr 6, 2011 6:15am
Quoting liberty55
Thamks very much Marcus.... yesterday I took 7 trades and I finised with 1 loss and 6 win... My own goal is around 20-30 pips /day with an incrising a lot size ... and I did some mistakes because I am nervoeus and I don*t realy know your system....

total for the last 16h00: around 100pips..

but it was my first day with a good guileline....

next ... a ton of pips....

have a nice day

P>S> I add an indicator for more entry like support and resistance and I trade also the 123 pattern.... very good system...simple...
liberty,

what pairs did you trade?

Cheers,
Olarion
  • #171
  • Apr 6, 2011 7:04am Apr 6, 2011 7:04am
Hi Olarion, I trade most of the time GBPUSD and EURUSD, but I begin to think it is better to trade the high volatility like GBPJPY and GBPCHF because, when you have a change in direction, it is easier to reach the target ( 20-30 pips / day). Just yesterday, I reached my target with gbpjpy ( 40pips...) and I missed another 40-50 pips if I was staying in the market or if I follow the Marcus systems rules...

wish to help.
For me, I trade live because is better to help to know about your emotions... you practice your patience and you develop your stategy ( management money)..
  • #172
  • Apr 6, 2011 7:26am Apr 6, 2011 7:26am
Liberty55, Can you share your MM principle, do you use stop loss, appreciate your reply...
  • #173
  • Apr 6, 2011 7:32am Apr 6, 2011 7:32am
Hi tearkott, for me to resolve this kind of problem I use the last fractal ( you can put the indicator on your chart) if the market brooked the fractal AND the Marcus system is correlation with I take the trade: if is the high fractal and if I set the ribbon for bleu colors for the up market I take a buy. if I set the down market with the color red and the market bropked the low fractal I take a sell.

hope to help you .
maybe Mracus can us give a better opinion.
  • #174
  • Apr 6, 2011 7:49am Apr 6, 2011 7:49am
Quoting liberty55
Hi Olarion, I trade most of the time GBPUSD and EURUSD, but I begin to think it is better to trade the high volatility like GBPJPY and GBPCHF because, when you have a change in direction, it is easier to reach the target ( 20-30 pips / day). Just yesterday, I reached my target with gbpjpy ( 40pips...) and I missed another 40-50 pips if I was staying in the market or if I follow the Marcus systems rules...

wish to help.
For me, I trade live because is better to help to know about your emotions... you practice your patience and you develop your...

Do you use stop loss, and how do you base your money monagement like 1 lot or percentage base
  • #175
  • Apr 6, 2011 8:07am Apr 6, 2011 8:07am
Great system. Try using a 50 EMA to filter bad trades. Under the 50 EMA short only/ Over the 50 EMA long only.If you take a trade long put your stop under the 50 EMA for long and over the 50 EMA for short. Just an idea. It works for me !
  • #176
  • Apr 6, 2011 8:12am Apr 6, 2011 8:12am
Quoting liberty55
Hi tearkott, for me to resolve this kind of problem I use the last fractal ( you can put the indicator on your chart) if the market brooked the fractal AND the Marcus system is correlation with I take the trade: if is the high fractal and if I set the ribbon for bleu colors for the up market I take a buy. if I set the down market with the color red and the market bropked the low fractal I take a sell.

hope to help you .
maybe Mracus can us give a better opinion.
Thank you for your answer! I want to apologize for my English, I live in Russia and write through the translator. I agree with you, if you put fractals there certainly need to keep selling. But I wonder how would have done Marcuss and his response.
  • #177
  • Apr 6, 2011 8:51am Apr 6, 2011 8:51am
Hi Macsoj, i use an hard stop loss around 40-50 pips.

after I agree to loss 1% of my account, i can calculate the size lot.

Ex: if you have an account with $2000.00 and you are agree to 1% it is $ 20.00 loss. now I can calculate the size lot : $20.00 ( loss) / 40 pips ( stoploss) = $0.50 / pips. you have to have a trade with an 0.05 lot size ( if you use a micro-lot account) or $0.50/ pips

in the worst case you loss only 1%....

Hope to help you
  • #178
  • Apr 6, 2011 8:53am Apr 6, 2011 8:53am
Hi terakott77, Me too, I am waiting the marcus answer....
presently this is what I am using.

have a nice day.
  • #179
  • Apr 6, 2011 9:00am Apr 6, 2011 9:00am
Hello all

Firstly thanks to Marcuss for his thread- I certainly enjoyed your posts on NG's thread.

I wondered if anyone had the ProRealTime code for the ichi monitor (the indi which gives arrows to all t/f). I know there are some traders who can translate these things and wondered if anyone here had such a version?

Many thanks
  • #180
  • Apr 6, 2011 9:04am Apr 6, 2011 9:04am
Hi terakot77,
I have another suggestion to filter the trade: just put the the HMA.mq4 indicator with the same colors that your setup for the bull/bear market.. if the ribbon have a color and the HMA is NOT the same do not take a trade until you have the same 2 colors... you need to wait ( patience)...

Juat an suggestion, I am waiting the Marcus suggestion also but , you know, you can not right all the time. What is 20 % of loss when you minimize the loss and you have 80% a good trade...
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