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  • #81
  • Jun 8, 2011 10:01am Jun 8, 2011 10:01am
Quoting Mediator
Hello Trader,

i improved the retracefinder-indicator. now it does not repaint the magenta-histogramm and you have now an alert function.

have fun and good business

Mediator


Kevin- really diggin the system-thanks for sharing.


Mediator- is there anyway you can put an email function on this as well? Thanks for the work.

Dan
  • #82
  • Jun 8, 2011 10:07am Jun 8, 2011 10:07am
Quoting Mediator
Hello Trader,

i improved the retracefinder-indicator. now it does not repaint the magenta-histogramm and you have now an alert function.

have fun and good business

Mediator
very helpful thanks
  • #83
  • Jun 8, 2011 10:08am Jun 8, 2011 10:08am
Quoting Danimal42
Kevin- really diggin the system-thanks for sharing.


Mediator- is there anyway you can put an email function on this as well? Thanks for the work.

Dan
Done.

Cheers

Mediator
Attached File(s)
File Type: mq4 1-Retracement Finder1.mq4   5 KB | 830 downloads
  • #84
  • Jun 8, 2011 10:20am Jun 8, 2011 10:20am
Live trade guys.. another winner..



Mediator,
Thanks for the alert brother.
Attached Image (click to enlarge)
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  • #85
  • Jun 8, 2011 10:28am Jun 8, 2011 10:28am
the problem i saw while screentime is, that if you got an LONG signal because stoch step up, and then the price goes down, the stoch also 'repaint' and step down.

this happens to me with the last BUY signal @EURUSD here the stoch was step up and after the hour was over the stoch closed with step down.

this is why i got now SELL signal like P.Dan at this point the stoch step up. i know this is a common problem with MTF indicators

Mediator
  • #86
  • Jun 8, 2011 10:34am Jun 8, 2011 10:34am
Hi Dean,

Mind to share where did you find the entry signal?
  • #87
  • Jun 8, 2011 10:36am Jun 8, 2011 10:36am
Live Trades, 4 losses and one winner. All depending on SL.......

Any comments??
Attached Image (click to enlarge)
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  • #88
  • Jun 8, 2011 10:39am Jun 8, 2011 10:39am
the way i have worked out for myself as i have kind of combined with my own system, is to have the combo stoch 60 and 240 to be in the same direction for the confirmation of the retrace finder magneta signal.. so for example the long RF signal will be filtered..

on the same token... you will miss some opportunities but it saves and filter a lot of quick turned price losses.

anyways that's my 2cent.


by the way i closed for another +40...
Thanks to Kevin and all.. see you tomorrow
  • #89
  • Edited 11:04am Jun 8, 2011 10:39am | Edited 11:04am
Quoting Mediator
the problem i saw while screentime is, that if you got an LONG signal because stoch step up, and then the price goes down, the stoch also 'repaint' and step down.

this happens to me with the last BUY signal @EURUSD here the stoch was step up and after the hour was over the stoch closed with step down.

this is why i got now SELL signal like P.Dan at this point the stoch step up. i know this is a common problem with MTF indicators

Mediator
Mediator,

Thanks for the email function, you rock. I noticed the same thing with the stoch, was just watching it on the EU as well. Not sure how to fix this but I am happy with what we have. If anyone has any ideas, please share...

Thanks again,

Dan

Update: Just took a look at The Doda-Stoch that Kevin posted...
I noticed that the Stoch helps. The MTF stoch we are using has a regular stoch availabe that can be shown in the same
window. It is the first stoch option, just leave the time period set to 0, and set the Show Stoch to true.
  • #90
  • Jun 8, 2011 10:43am Jun 8, 2011 10:43am
Quoting boy2boy
Hi Dean,

Mind to share where did you find the entry signal?
there was a RF bar.. very small one on a small candle.. so I just waited from that point on for the smallest price hesitation to set my order from there.

I hope it helps..
  • #91
  • Jun 8, 2011 10:54am Jun 8, 2011 10:54am
Quoting P.Dean
Live trade guys.. another winner..



Mediator,
Thanks for the alert brother.
hi!
P.Dean
I'm from china
I like your chart setup
can you tell me what are thoese small horizontal blue lines in main chart??
can you attach your templete ??

thanks you
The more you trade the less you earn.
  • #92
  • Jun 8, 2011 11:12am Jun 8, 2011 11:12am
Quoting porfirio
kevinator...

I have a strategy similar to yours and it works great

but I use h4 Stoch mtf

Greetings.
Hi Kevinator and Porfirio,

Thanks for very good informations. I am testing this strategy.

Porfirio, can you attach yor indis and template ?

Viatoris
  • #93
  • Jun 8, 2011 2:20pm Jun 8, 2011 2:20pm
Are u guys using the TMA bands when price is at the highest and you get a sell signal, then the probabilities is better? and vice versa?
So u will for instance not sell when u get a signal and price is at the lower TMA band??
  • #94
  • Jun 8, 2011 5:04pm Jun 8, 2011 5:04pm
Trade taken just as the mtf stoch steps up.Was on hold but exited on the overbought TMA.25 pips profit.
Attached Image (click to enlarge)
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  • #95
  • Jun 8, 2011 5:28pm Jun 8, 2011 5:28pm
Quoting lehmann
Are u guys using the TMA bands when price is at the highest and you get a sell signal, then the probabilities is better? and vice versa?
So u will for instance not sell when u get a signal and price is at the lower TMA band??
Some of the best trades are taken when mtf stoch is trending in one direction and price pulls back to the opposite TMA then you take the next retracement bar in the direction of the trend.

If you trade in this way you will never lose one trade although you will have to wait for trade setups.If you scan many pairs you will have a more productive session.

Let me clarify what I just said...If mtf stoch is trending in one direction.....then Price in the TMA band will go in the opposite direction until it hits the band in the opposite direction of Mtf stoch........then you will take the next retracement bar in the direction of the mtf stoch..

It is like standing in front of a object with a ball in your hand...winding back and throwing the ball forward.

Pullback then major energy release...
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  • #96
  • Jun 8, 2011 5:31pm Jun 8, 2011 5:31pm
Followed the hard rules of the system for a quick 10pips.Will hold looking for 20.
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  • #97
  • Jun 8, 2011 6:20pm Jun 8, 2011 6:20pm
Quoting kevinator
Trade taken just as the mtf stoch steps up.Was on hold but exited on the overbought TMA.25 pips profit.
Hello Kevinator,

i did not understand how you got this entries? if you look at the last three pictures you posted and if i understand your rules correctly an entry would only be after a magenta retracement bar occur. but in your charts your entries are while a retracement bar occur. only after the bar will close you'll see if it will be a magenta bar and not while it forms. i see you put vertical lines at the bars and have your trades entries at the open of an unformed magenta retracement bar. how you did this?

cheers

Mediator
  • #98
  • Jun 8, 2011 6:56pm Jun 8, 2011 6:56pm
Quoting kevinator
Followed the hard rules of the system for a quick 10pips.Will hold looking for 20.
Hi Kevinator,

I see the trade /short USDCHF/ swinged the wrong way. What are the options now? Will u exit with loss OR wait and see?

Cheerz,

T
  • #99
  • Jun 8, 2011 7:01pm Jun 8, 2011 7:01pm
The retracement finder indicator has a refresh problem.Once it is loaded It will not show magneta on the current or future bars.There is a updated version on the page before this one.

In the rule this was show to illustrate exactly how to trade the system and at which points to take positions.

Even if the indicator does not show magneta it really does not matter.

Very simple rules...Look at the mtf stoch for direction. Enter on the RF indicator bar in that direction.

So if mtf stoch say market is stepping up you will wait until rf finder indicator has bar up.Vice versa on the opposite trade.

Or you can take the pull back trade like in one of the pictures.That is the safest trade to take although you will have to wait for the setup.If you are impatient I suggest opening many charts and scanning them all.At the least you will begin to learn market movement.

Tradiing during the london and newyork session yields the best results.I trade all day so now 10,20,30 pips unless aussie news .Later 20 to 150pips moves.

You will have to learn to navigate the terrain and pick your spots.You will also have to learn to manage your money correctly.I am here to put you on more trade setups.
  • #100
  • Jun 8, 2011 7:28pm Jun 8, 2011 7:28pm
thx you so much for your method kevinator !

mediator, thx for your modified indicator !
i think then i can do a EA of this system, easily (with icustoms methods)

i will try too in M30 and mtf stoch H4 !
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