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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

  • #401
  • May 30, 2011 8:02am May 30, 2011 8:02am
Hi all,

Sorry I have not been trading the last month or so and only checked the charts every now and then. Too much going on in RL atm to concentrate. Hope to get back to it this week or next and focus again. The day I did have a look I also noticed the system was up and down, price changing direction frequently and not at pivots. Haven't got any definite answers at the moment sorry guys but will be looking into its consistency.

I did notice early asian was trending better so may have to be flexible as to time frame, and it really is a trend system primarily, if price is not trending well may need to get out with 10 - 20 pips, when its there, cos it seems to reverse on a whim and take out stop loss. Just a quick observation one or two days last week.

If anyone is trading the system successfully or not for that matter please feel free to comment. Pipdude - are you still using your version of the system?

Julie
  • #402
  • May 30, 2011 9:18am May 30, 2011 9:18am
Quoting julie1585
Hi all,

Sorry I have not been trading the last month or so and only checked the charts every now and then....
welcome back Julie,

my main question would be which of the pivot indicators you are really using.

AutoPivotIndicator_v5 gives me a DP of 64883 today, which can't be correct.

cheers

Ridgeback
  • #403
  • Edited 6:50pm May 31, 2011 1:17am | Edited 6:50pm
Quoting Ridgeback
welcome back Julie,

my main question would be which of the pivot indicators you are really using.

AutoPivotIndicator_v5 gives me a DP of 64883 today, which can't be correct.

cheers

Ridgeback
Hi Ridgeback,

I am using THV4 TzPivotsD (black) for daily use as it give daily candle and labels on the actual lines which i like. When I want to look back I addd Auto-Pivot Plotter V1-V41 and the mid level one so that I can see the pivots on previous days. These both seem to give the same pivot levels and work fine for me.

j

edit: this is correct tpl file, my apologies, the other one I loaded yesterday had wrong settings
Attached File(s)
File Type: zip TrendPipper Indicators.zip   99 KB | 825 downloads
File Type: tpl trendpipper_current.tpl   32 KB | 675 downloads
  • #404
  • May 31, 2011 6:51am May 31, 2011 6:51am
Hi,

How do you get the arrows at the signals on your charts?

Thanks!
  • #405
  • May 31, 2011 8:28am May 31, 2011 8:28am
Quoting julie1585
Hi Ridgeback,

I am using THV4 TzPivotsD (black) for daily use as it give daily candle and labels on the actual lines which i like. When I want to look back I addd Auto-Pivot Plotter V1-V41 and the mid level one so that I can see the pivots on previous days. These both seem to give the same pivot levels and work fine for me.

j
thanks for your reply.

What settings do you use on TzPivotsD? Do you leave it at GMT +0?
If I do I get quite different pivot points compared to
http://www.actionforex.com/markets/p...2010040873429/

Ridge
  • #406
  • May 31, 2011 9:48am May 31, 2011 9:48am
why wasn't the entry at 09.55 @1.64855 valid?
Attached Image (click to enlarge)
Click to Enlarge Name: 0531 15.34GMT.jpg Size: 205 KB
  • #407
  • May 31, 2011 6:41pm May 31, 2011 6:41pm
Quoting niksan
Hi,

How do you get the arrows at the signals on your charts?

Thanks!
Hi Niksan,

these are added manually to the chart using the edit chart options in MT4. If you haven't got them click on View, Toolbars, Linestudies to add the toolbar to your Mt4. Now you should have access to all the options, right click on the line studies, customise and you can add or remove the buttons you want to see and use. Add Arrows to your line studies toolbar.

J
  • #408
  • May 31, 2011 7:01pm May 31, 2011 7:01pm
Quoting Ridgeback
thanks for your reply.

What settings do you use on TzPivotsD? Do you leave it at GMT +0?
If I do I get quite different pivot points compared to
http://www.actionforex.com/markets/p...2010040873429/

Ridge
check you have changed it to DPV (Daily Pivots) and not using default FPV, (Fibonacci Pivots) should have 1 in the box not 2, and yes I leave GMT at 0.

For me having 0 GMT means the new day starts at beginning of Asian session, being Australian that works fine for me, I have noticed the pivots used on other websites do differ, not gone into it much as I can see my daily pivot is recognised by price action. For example right at this moment gbpusd is finding resistance at DPV, so even if the real daily pivot for the rest of the world is something else, price is still recognising this pivot. I don't like getting too bogged down on the whys and wherefores, you would have to go study pivots elsewhere to find all the answers to the intracacies of pivots.
j
  • #409
  • May 31, 2011 10:41pm May 31, 2011 10:41pm
Hello, dear author tell why when I have established your template, at me indicators are represented by squares instead of lines as at you on scrinshots, thanks
  • #410
  • Jun 7, 2011 9:43pm Jun 7, 2011 9:43pm
Quoting bmwdream
Hello, dear author tell why when I have established your template, at me indicators are represented by squares instead of lines as at you on scrinshots, thanks
Hi bmwdream,

You are right, we changed the nonlag to show blocks instead of lines, by changing the minimum and maximum values in the common tab to 1 and 2 to straighten the line. I have changed the jpg chart example to reflect this.

Julie
  • #411
  • Aug 1, 2011 11:26pm Aug 1, 2011 11:26pm
Hi Julie, you still use the nonlag indicator ? Can you confirm that it doesn't repaint itself ?

Thank you!
  • #412
  • Aug 1, 2011 11:42pm Aug 1, 2011 11:42pm
hi,

It doesn't repaint, but as the candle is forming say its going short the current nonlags may turn red but if the candle finishes higher they may turn green. you need to wait for candle close for final colour of last non lag block. it does not repaint older blocks, many people have confirmed.

J
  • #413
  • Aug 18, 2011 5:35am Aug 18, 2011 5:35am
Good morning Julie, do you still trade using this system ?
  • #414
  • Aug 19, 2011 11:19am Aug 19, 2011 11:19am
Quoting ttaro27
Good morning Julie, do you still trade using this system ?
Hi ttaro,

Er well I am sort of using it but encorporating it in my scalping on the EURUSD these days. Using the 5 min to determine direction and trading/scalping the euro in that direction.


The system itself if not quite as cut and dry as it was on the Pound as price doesn't pull back to the 20 ema as often on the euro.

I find its most helpful to notice when price pushes through the 20 ema, when it does that on the 5 min a new short term trend is usually forming and it becomes safe to scalp in that direction.

Sorry can't be more helpful as I am not trading the pound at present.
  • #415
  • Nov 7, 2011 7:50am Nov 7, 2011 7:50am
An interesting wee system Julie ! Have I got the gist of it?, my take on the signals & entries is attached.

HX
Attached Image (click to enlarge)
Click to Enlarge Name: Signals and Entries.GIF Size: 21 KB
  • #416
  • Edited 8:05am Nov 7, 2011 8:03am | Edited 8:05am
Hi there Highlander,

Yes as far as signals and entries go they look pretty good, but i take a judgement call on closeness to pivots as support or resistance and both those entries although they worked out great this time may have come a cropper on possible pivot bounces.

If there is enough momentum or its news driven it will push through the pivots anyway, but if not you will get some losers that don't follow through if you enter too close to pivots.

PS the 2nd trade I would be less worried about the Ms1 but the first taking it long up into daily pivot can be very risky.

Just my thoguhts on pivots.

J
  • #417
  • Nov 8, 2011 11:26am Nov 8, 2011 11:26am
Quoting julie1585
Hi there Highlander,

PS the 2nd trade I would be less worried about the Ms1 but the first taking it long up into daily pivot can be very risky.

Just my thoguhts on pivots.

J
Hi Julie, thanks for that I just wanted to make sure I understood the signal/entry combination correctly.

Cheers

HX
  • #418
  • Nov 15, 2011 11:15am Nov 15, 2011 11:15am
Hi Julie

I have a question regarding stops.

Do you place the stop at the Hi of a short entry candle and the Low of a long entry candle as illustrated on my attachment?

Also after a failure would you re-enter as indicated?

Cheers

HX
Attached Image (click to enlarge)
Click to Enlarge Name: Q.GIF Size: 18 KB
  • #419
  • Dec 6, 2014 6:15pm Dec 6, 2014 6:15pm
Good and simple system but the thread has been dormant for quite sometime.
  • #420
  • Last Post: Mar 16, 2015 6:31pm Mar 16, 2015 6:31pm
Hi Julie, try ema 34 for the EU, thanks for the good forum.
What would you do if you knew you could not fail?
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