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Chin-Star trending system

  • #61
  • May 2, 2011 1:32pm May 2, 2011 1:32pm
Quoting luca1982
Hi Pasha78, can you implement an EA to test your indicator and share with us to test it? The indicators are good, they don't repaint and the strategy is good...
By they dont repaint you mean they dont show u the actual signal? Those red lines on chart are the one I drawn to show where to take the trade. You need the take trade manually when the indicator crossed certain level as defined in 1st post.
The EA you want is to actually take the trade or just send an Alert to take a trade? I will work on alert EA sometime later, currently working on third indicator to identify flat market but having limited success on it.
  • #62
  • May 2, 2011 1:45pm May 2, 2011 1:45pm
Still getting errors here on loading the indicators - any ideas?
  • #63
  • May 2, 2011 1:52pm May 2, 2011 1:52pm
Quoting clocksley
Still getting errors here on loading the indicators - any ideas?
If you are getting critical error after loading indicator, u need to download latest build of MT4.
  • #64
  • May 2, 2011 2:32pm May 2, 2011 2:32pm
I was thinking that maybe the reason you need to have 15 for some pairs and higher values for others is the different pip value. I was also then wondering if there is a programmatic way of normalizing the indicator's output so that the critical number would always be 15 or -15 whichever pair it was on?
  • #65
  • May 2, 2011 2:52pm May 2, 2011 2:52pm
Hi Pash78,

Thanks for sharing your system....looks really promising. Since I have problems with my Alpari UK Metatrader version for your indicators, could you tell us which is your broker, I want to open a demo account and try your indicators.

Thank you
  • #66
  • May 2, 2011 2:54pm May 2, 2011 2:54pm
Quoting Invisible
I was thinking that maybe the reason you need to have 15 for some pairs and higher values for others is the different pip value. I was also then wondering if there is a programmatic way of normalizing the indicator's output so that the critical number would always be 15 or -15 whichever pair it was on?
No the reason for different levels on different pairs is not the pip value, in that case Ej and EU would have to use similar levels.

there is a way to adjust the levels, but in that case we have to use separate indicators for cross currency (Ej,GJ) and (EU,GU), also it will add unnecessary overhead to code. Rather it is simple to remember just the levels.
  • #67
  • May 2, 2011 2:57pm May 2, 2011 2:57pm
Quoting Caillou
Hi Pash78,

Thanks for sharing your system....looks really promising. Since I have problems with my Alpari UK Metatrader version for your indicators, could you tell us which is your broker, I want to open a demo account and try your indicators.

Thank you
Try FXCM.
  • #68
  • May 2, 2011 3:02pm May 2, 2011 3:02pm
Quoting pash78
Here is GJ trade for today. Again the long signal in Europe session should have been avoided as markets were closed. As for GJ there is good support in 135.20 area. Will be interesting to see if that level breaks.
GJ testing the 135.20 area, I have closed small portion here. Hope it breaks the 135 level today. If that goes 134.80 has some support.
  • #69
  • May 2, 2011 3:04pm May 2, 2011 3:04pm
Quoting pash78
Try FXCM.
Thank you,

Will try tomorrow morning.

Regards
  • #70
  • May 2, 2011 9:57pm May 2, 2011 9:57pm
Quoting pash78
GJ testing the 135.20 area, I have closed small portion here. Hope it breaks the 135 level today. If that goes 134.80 has some support.
Closed all positions at 134.45 a 120 pip trade. There was also short signals on EU/GU/EJ, will post charts tomorrow.
  • #71
  • May 2, 2011 10:44pm May 2, 2011 10:44pm
I tried your system a few days and it seems ok. I have a question. You can add an alert when the market entry conditions are met.
Sincerely CalinI tried your system a few days and it seems ok. I have a question. You can add an alert when the market entry conditions are met.
Thanks
  • #72
  • May 3, 2011 10:05am May 3, 2011 10:05am
Quoting pash78
GJ testing the 135.20 area, I have closed small portion here. Hope it breaks the 135 level today. If that goes 134.80 has some support.
Wow should have hold part portion for little more would have grabbed 100 pip more . But no issues may be next time.
  • #73
  • May 3, 2011 10:31am May 3, 2011 10:31am
Just had BUY signal on EU in 1.4820 area. Here is the chart. EU tried to test 1.4900 yesterday and failed, right now it is looking to test it again, take some profit around 1.4880-1.4900 and wait to see if it breaks 1.4900.
Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: EUMAy3.jpg Size: 193 KB
  • #74
  • May 3, 2011 10:35am May 3, 2011 10:35am
Seeing a Buy alert on EJ, waiting for second indicator for confirmation.
  • #75
  • May 3, 2011 10:42am May 3, 2011 10:42am
Quoting pash78
Seeing a Buy alert on EJ, waiting for second indicator for confirmation.
I took EU +30 quickly pips, waiting for EJ too......

Thank you Pash
  • #76
  • May 3, 2011 10:55am May 3, 2011 10:55am
Quoting Caillou
I took EU +30 quickly pips, waiting for EJ too......

Thank you Pash
Good to know , if u are still long on EU, book some profit now and leave the rest to see if it breaks 4900. There is decent amount of SL above 4900's.
  • #77
  • May 3, 2011 2:40pm May 3, 2011 2:40pm
Quoting pash78
Closed all positions at 134.45 a 120 pip trade. There was also short signals on EU/GU/EJ, will post charts tomorrow.
Here is GU chart for yesterday as I mentioned.
Attached Image (click to enlarge)
Click to Enlarge Name: GU-MAY3.jpg Size: 170 KB
  • #78
  • May 3, 2011 9:17pm May 3, 2011 9:17pm
Although there are some short signals, I am staying on sides and not taking any trades. Dont see the strength in market. I think there will be good oppourtunity to trade after the UK PMI numbers and US data. Till then just relax.
  • #79
  • May 4, 2011 9:51am May 4, 2011 9:51am
Closed EU trade at 1.4910, saw a lot of selling volume.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.90.jpg Size: 244 KB
  • #80
  • May 4, 2011 9:55am May 4, 2011 9:55am
There is SELL alert on EJ. Will wait for confirmation.
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