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Ribbon dance

  • #181
  • Apr 6, 2011 9:23am Apr 6, 2011 9:23am
Quoting liberty55
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
Thanks for your quick responce
  • #182
  • Apr 6, 2011 9:55am Apr 6, 2011 9:55am
Quoting liberty55
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...

Two questions:

#1.- Although this indicator does it work? because only one color draws me
#2.- What parameters do you use?

Thanks a lot
  • #183
  • Apr 6, 2011 10:08am Apr 6, 2011 10:08am
Hi Ferod, take the last one on page 11 or take HMA_russian_color. Also , presently I try an MA_10 simple shift to 5 ( shift 5 help me to filter more noise...) I do not take a final decision about what I will use but I like to use the standard tool that you find with all the plateform you can downloaded...

have a nice day

a lot of pips...
  • #184
  • Apr 6, 2011 10:12am Apr 6, 2011 10:12am
I just want to thank original poster for this great system. Mind you, I haven't tested it yet but looking at it seems to be profitable but best of all it's SIMPLE. I like simple. The ichimoku mod looks really good too! Will test soon when I can get my sleep cycle back on track since I like to trade EUR/USD and I live western Canada (I have crazy sleep problems).
  • #185
  • Apr 6, 2011 10:13am Apr 6, 2011 10:13am
Quoting liberty55
Hi Ferod, take the last one on page 11 or take HMA_russian_color. Also , presently I try an MA_10 simple shift to 5 ( shift 5 help me to filter more noise...) I do not take a final decision about what I will use but I like to use the standard tool that you find with all the plateform you can downloaded...

have a nice day

a lot of pips...

Thank you very much
  • #186
  • Apr 6, 2011 10:42am Apr 6, 2011 10:42am
Is everyone using the sdefault time settings as ), or are you changing those ..?

Thanks
  • #187
  • Apr 6, 2011 10:47am Apr 6, 2011 10:47am
Quoting krendel38
Not enough here this indicator -

Hi Krendel38, thanks. But i only get 1 color on this indi. Is this correct?
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 152 KB
  • #188
  • Apr 6, 2011 11:48am Apr 6, 2011 11:48am
I use this template,but it doesn't show 5m,15m,30m,1H's trend.why? I mean the small arrows in the right corner.
Attached Image
  • #189
  • Apr 6, 2011 12:01pm Apr 6, 2011 12:01pm
Quoting bluesea
I use this template,but it doesn't show 5m,15m,30m,1H's trend.why? I mean the small arrows in the right corner.
I had the same problem. You need to either move the Ichi monitor to another area of your screen OR maximize the size of your screen on MT4 by hitting the F11 button. Hit F11 again to shrink the screen back to normal. Another option is get a bigger computer monitor
  • #190
  • Apr 6, 2011 12:18pm Apr 6, 2011 12:18pm
If we take all the change in the color of the ribon we are still profitable, but...

We want to eliminate fake signal so that we can increase our profit.
Some people use Hull indi, others use ichimoku, other stoch and so on.
As you can see from my previous post i don't use CCI20 as a filter.

Whenever i see a change in the ribon signal i'm asking: WHY?

Why is this happening?

And for that i look to see if the change in price is a rejection from a pivot line or it's a break of a trendline or a chanel. I draw a trendline for every trade that i take
In time i see that the more lows/highs I can check with my trenline the better the move.
  • #191
  • Apr 6, 2011 12:19pm Apr 6, 2011 12:19pm
Quoting kellera6
I had the same problem. You need to either move the Ichi monitor to another area of your screen OR maximize the size of your screen on MT4 by hitting the F11 button. Hit F11 again to shrink the screen back to normal. Another option is get a bigger computer monitor
Working Fine ....
http://i52.tinypic.com/s6118m.png
ThankQ Marcuss , Keep Smilie ... u r doing god's work
  • #192
  • Apr 6, 2011 12:21pm Apr 6, 2011 12:21pm
Quoting kellera6
I had the same problem. You need to either move the Ichi monitor to another area of your screen OR maximize the size of your screen on MT4 by hitting the F11 button. Hit F11 again to shrink the screen back to normal. Another option is get a bigger computer monitor
i wrote about this in my first post:

" if you can't see ichimoku monitor: rigth click on the chart, indicators list (CTRL+I), double click ichimoku monitor, inputs, change TextOffsetfromRight or/and TextOffsetfromTop"
  • #193
  • Apr 6, 2011 12:55pm Apr 6, 2011 12:55pm
Marcus hope you can post more charts with trades you have taken..
also are you still using the channel tool or trend lins only..

Ta Rebel.
  • #194
  • Apr 6, 2011 1:06pm Apr 6, 2011 1:06pm
When drawing your channel's, how do you decide what points to draw from ? Ty, for any unput .
  • #195
  • Apr 6, 2011 1:24pm Apr 6, 2011 1:24pm
I trade the ribbon dance - 1. when price above the cloud then I look for only buy signal opposite for the sell -- look for sell below the cloud

2. Or buy above the cloud and sell below the cloud (this is with out the ribbon dance)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu15pips.gif Size: 30 KB
Click to Enlarge Name: gu15pips.gif Size: 26 KB
Click to Enlarge Name: gj15pips.gif Size: 28 KB
Click to Enlarge Name: ej15pips.gif Size: 24 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #196
  • Apr 6, 2011 1:33pm Apr 6, 2011 1:33pm
I have found range charts make it a lot easier to draw trend lines and a lot easier to see the break.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 6th April 15 Pip Range Chart.jpg Size: 139 KB
  • #197
  • Apr 7, 2011 12:44am Apr 7, 2011 12:44am
GJ cross the cloud in sell mode
Gu about to cross--
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15gj.gif Size: 18 KB
Click to Enlarge Name: 15gu.gif Size: 18 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #198
  • Apr 7, 2011 1:38am Apr 7, 2011 1:38am
Hi all,

First of all Zamanib, thanks again for pointing out the range bars. I have been looking at them and think they add a lot. Used to work with it when I had different software (fibonaccitrader/ensign windows), but never saw it on mt4 though.

Second, Marcuss and others that use trend(break)lines, I am using the demark trend indicator for that. Works fine for me, it automatically draws the last two (up and down) trendlines in the chart over tops and bottoms that are almost similar to fractals. (select 'true' for trendline under the settings).

Third, watch out for the ecb and boe today, rates!
Attached File(s)
File Type: mq4 Demark_trend_new.mq4   14 KB | 720 downloads
  • #199
  • Apr 7, 2011 4:04am Apr 7, 2011 4:04am
Quoting zamanib
GJ cross the cloud in sell mode
Gu about to cross--
Hello! Can you give an indicator as a cloud?
  • #200
  • Apr 7, 2011 4:35am Apr 7, 2011 4:35am
Quoting Terakot77
Hello! Can you give an indicator as a cloud?
Ichimoku Kinko Hyo indicator, standard indicator in mt4.
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