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Attachments: 5 Min TrendPipper - with Hull, Ema and Pivots
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5 Min TrendPipper - with Hull, Ema and Pivots

  • #121
  • Apr 7, 2011 1:45am Apr 7, 2011 1:45am
gbpusd short 1.6325 out x1 +60
  • #122
  • Apr 7, 2011 2:10am Apr 7, 2011 2:10am
let's see if london open wants to move gbpusd higher.
  • #123
  • Apr 7, 2011 4:16am Apr 7, 2011 4:16am
Quoting pipdude
let's see if london open wants to move gbpusd higher.
Have 2 red NonLag's at present, waiting for NonLag 50 to turn Red for a signal short.
  • #124
  • Apr 7, 2011 4:47am Apr 7, 2011 4:47am
thanks for sharing this system..
  • #125
  • Apr 7, 2011 5:08am Apr 7, 2011 5:08am
Quoting julie1585
Have 2 red NonLag's at present, waiting for NonLag 50 to turn Red for a signal short.
Have entered short GU, but don't like the look of all the close pivot points. MR1, Open and Daily all within 20 pips and vying for dominance.

Will see how it goes.
  • #126
  • Apr 7, 2011 5:16am Apr 7, 2011 5:16am
With the rate decisions on 2 currencies so closeby, I would stay flat and safe my eggs for better times to trade.
  • #127
  • Apr 7, 2011 5:20am Apr 7, 2011 5:20am
Thanks, for the input Julie. Heres a pic of a winning trade last night !
Attached Image (click to enlarge)
Click to Enlarge Name: sd.jpg Size: 121 KB
  • #128
  • Apr 7, 2011 7:03am Apr 7, 2011 7:03am
entry and exit of eurusd short +50
Attached Image (click to enlarge)
Click to Enlarge Name: abo.gif Size: 15 KB
  • #129
  • Apr 7, 2011 7:27am Apr 7, 2011 7:27am
Quoting pipdude
entry and exit of eurusd short +50
but you don't used indicators nonlag?'
  • #130
  • Apr 7, 2011 7:37am Apr 7, 2011 7:37am
Hi guys,

I'm in the New York time zone, so I haven't begun trading yet. I've been trying to get up around 5:00 - 6:00 my time to catch the juicy movements in the London morning session, but it can be challenging, depending on what time I get to bed the night before. I slept in today. There's been some pretty scary swings with the EUR and GBP news today, so I'm happy to have stayed out! I will wait until the markets settle down a bit...

Anyway... I thought I'd share something which may be helpful to you.

I've added a couple filters to my charts: the ADX and the Momentum indicators.

 

  1. Added 14 period ADX (standard MT4 indicator). I love the ADX. It’s is a wonderful indicator on its own. It can be good at signaling entries, but not necessarily for exits. Makes for a decent filter, which I typically use it for.

 

  1. 10-period Momentum: it signals Long when above 0 (or centreline, depending on which version one is using); Short when below 0. I’m using the version Momentum-ZL.ex4 (attached here, if anyone wants it).

I do not use the ADX and Momentum as entry signals on TrendPipper, just direction filters. If one or both of them don’t match with what the other indicators are saying, then it is safer to wait until they line up.


I've pretty much made the ADX a standard component of my charts, no matter what system I'm using. See attached chart.

Well... good trading today!

Spot

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 2011apr07 - 001 - adx.gif Size: 47 KB
Attached File(s)
File Type: mq4 Momentum-ZL.mq4   2 KB | 366 downloads
  • #131
  • Apr 7, 2011 8:02am Apr 7, 2011 8:02am
Quoting pipdude
entry and exit of eurusd short +50

Hi Pipdude,

Great trade, you got the whole trend. But what is your exit criteria? Cos there were three exits when all the Non Lags changed colour, and your candles changed also.
  • #132
  • Apr 7, 2011 8:12am Apr 7, 2011 8:12am
Quoting spot007
Hi guys,


I've added a couple filters to my charts: the ADX and the Momentum indicators.

 

  1. Added 14 period ADX (standard MT4 indicator). I love the ADX.
  2. 10-period Momentum: it signals Long when above centreline, Short when below 0.

Spot

Hi Spot,

I actually had the MOM indicator in my original template for this system. I had got the idea from the MA + Momentum thread for 1h.

But I had dropped it I think when I ended up with 3 Non Lags, as it didnt seem to filter out actual trades.

let me know if it saves you from entering bad trades.

note: it has very large arrows (which you can turn off) and a very loud alert on as default which thankfully you can also turn off. I tried altering the defaults but it wouldn't let me save it.

here is the colour coded one for you
Attached File(s)
File Type: mq4 Color_MOM_v1.01_maxsig.mq4   13 KB | 510 downloads
  • #133
  • Apr 7, 2011 8:29am Apr 7, 2011 8:29am
scaling out of eurusd short 2nd of 3 +80
  • #134
  • Apr 7, 2011 8:47am Apr 7, 2011 8:47am
Quoting julie1585
Hi Pipdude,

Great trade, you got the whole trend. But what is your exit criteria? Cos there were three exits when all the Non Lags changed colour, and your candles changed also.
hi julie,

eurusd usually moves around 80 to 100 pips daily on average. ATR right now is 100 pips, i like to exit at 50 pips, then at 70 to 100, then 100+, scale out in 3 parts, use my ATR indicator as well for exit. i like to enter during asia session and ride thru to US session 10am est.

michael
  • #135
  • Apr 7, 2011 9:02am Apr 7, 2011 9:02am
julie,

my 2nd exit was at 1st ATR projection line, sometimes it hits the 2nd ATR projection line and i'll exit there, price usually won't move much more than that, but sometimes it does.
Attached Image (click to enlarge)
Click to Enlarge Name: abo.gif Size: 15 KB
  • #136
  • Apr 7, 2011 9:08am Apr 7, 2011 9:08am
hello, wich file has the current price?
  • #137
  • Apr 7, 2011 9:17am Apr 7, 2011 9:17am
notice gbpusd came close to ATR, but blew it away on tuesday
Attached Image (click to enlarge)
Click to Enlarge Name: abo.gif Size: 21 KB
  • #138
  • Apr 7, 2011 9:28am Apr 7, 2011 9:28am
+45 pips over last three days on EU and GU without too much effort. The combination of candles, pivots and MA's seems to work for me. Less is more. Am trading London morning and following Julies rules but not holding on for so long (to my cost). All of the trades went further had I let them so working on letting them run longer. Thanks Julie!
Rob
  • #139
  • Apr 7, 2011 9:51am Apr 7, 2011 9:51am
Quoting julie1585
Hi Spot,

I actually had the MOM indicator in my original template for this system. I had got the idea from the MA + Momentum thread for 1h.

But I had dropped it I think when I ended up with 3 Non Lags, as it didnt seem to filter out actual trades.
Thanks for the indi, Julie! - I like the two colours. I've been using ADX for a while now, but got the idea for adding Momentum as well from another system.

When I look at my charts now, yes, it does appear that having the Momentum may not be necessary, as the NonLags do an excellent job. I think I'll remove it to save some space, but will keep the ADX.

London-New York overlap is crazy this morning. Have not made any trades since logging in. The swings are way too fast and large for my comfort (not that there have been any good signals anyway on account of those swings). I wonder if options have anything do with this...

However, there is a Long move in play on GBPAUD that I've missed: as I type ths, it's up around 50 pips over where I would have entered. The good stuff seems to have happened overnight during my time zone... so no competition from me today... you win!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud 2011apr07 - 001.gif Size: 35 KB
  • #140
  • Apr 7, 2011 9:52am Apr 7, 2011 9:52am
Quoting Incanus
hello, wich file has the current price?

What do you mean bvy "current price"?
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