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  • #1,021
  • Jun 17, 2011 2:23am Jun 17, 2011 2:23am
Quoting peterporter
Thats the problem of H4 , no-one can answer that, as they are always going to have different signals dependent on the broker server time
ok then we all have to follow the same brokertime, please the Thread Starter has to give us the advice.

or the other way we have to use a analog Stoch, to see which way is the Indicator go.

thanks in advance

good day
  • #1,022
  • Jun 17, 2011 2:23am Jun 17, 2011 2:23am
Quoting FastForex
Money management is very important, otherwise you will end up blowing your account. Even with a good system like this you will have bad trades.

The art of trading is to minimize your losses and maximize your profits.
I use predifined scripts in Metatrader with set SL en TP. Works well and is very fast (1 click) to open and close a trade. You will never forget to put a SL because it's incorporated in the script.

Well said
Imagine this , you have RR at 1 1 , say 15 sl 15 tp
if you are going to use that 15SL you need to be confident that the winning trades will get you 15 tp at least cos if your winning entries are around 50 % your account will dissapear pewwwfff

Sounds common sense but its tempting to close those deal when you have say 10 pips , thats how they get you
  • #1,023
  • Jun 17, 2011 2:23am Jun 17, 2011 2:23am
can you please post a chart? i donīt see it
  • #1,024
  • Jun 17, 2011 2:47am Jun 17, 2011 2:47am
kev,

I see that you are 2 stoch. one 10,3,3 and the other 14,3,3.

why?
  • #1,025
  • Jun 17, 2011 2:55am Jun 17, 2011 2:55am
Quoting hiiqtrading
but a mom trade is supposed to be more than other side band?

Trade did hit the other side of the band. And MOM trades are not suppose to be anything but what has been stated. Nowhere does it state that the MOM trade is supposed to rocket through the other side of the band. I believe that Kevinator simply spoke of the energy behind these types of setups... not so much as an absolute defined behavior on the other end. Remember... this is a high probability setup. It's not going to be oerfect every time.
  • #1,026
  • Jun 17, 2011 2:57am Jun 17, 2011 2:57am
Quoting takethat
ok then we all have to follow the same brokertime, please the Thread Starter has to give us the advice.

or the other way we have to use a analog Stoch, to see which way is the Indicator go.

thanks in advance

good day

You see this is not possible
I have two live accounts with two different brokers and different server times so my indie stoch 4h will be different for each
I will not change brokers just for the sake of a system so it is like the thread starters time
  • #1,027
  • Edited 3:56am Jun 17, 2011 3:28am | Edited 3:56am
Broker Times:-

I do not know why but I see a similar discussion in almost every thread I read nowadays regarding broker times & the differences.

In a system such as this which is not premised on placing an order at an exact time, but rather based on a combination of various technical indicators, broker time makes absolutely NO difference.

The system here is based on various technical indicators coming together to give a possible trade, it really doesn't care if your broker time is GMT, EST or the time on the moon (not really sure what timezone they have!).

The only differences will be that someone may get a signal that you don't get because of the broker time, that's OK, other times you will get signals they don't get.

In the end you can ONLY trade the signals provided by YOUR broker.

Incidentally, it is important to note, that even if you are on the same broker time as someone else but with a different broker, the signals will also be slightly different, as all feeds are broker based, not centralized.

I have two different brokerage accounts, both on GMT, one uses MT4 and the other JForex, even a simple thing like MA has slight differences.

Regards
John
  • #1,028
  • Edited 3:54am Jun 17, 2011 3:52am | Edited 3:54am
Quoting jmw1970
Broker Times:-

I do not know why but I see a similar discussion in almost every thread I read nowadays regarding broker times & the differences.

In a system such as this which is not premised on placing an order at an exact time, but rather based on a combination of various technical indicators, broker time makes absolutely NO difference.

The system here is based on various technical indicators coming together to give a possible trade, it really doesn't care if you broker time is GMT, EST or the time on the moon (not really sure what timezone...
sorry John, but that is the problem, if I see 2 hours a down signal and other people see an up signal that's not ok, if you will let people have same results and can posting trade setups, you have to give an Indicator that show on every Broker near the same Signal.

sure many Broker have different datafeed.

but looks like now Alpari.uk has from GMT 06:00 Stoch H4 down so we can have 1 mom Trade already and the next may now build, at IBFX you have from midnight and before only Stoch H4 up signal , so never can choose the Mom Trade if you follow the Rules.

there you can not say this will all average by the Time, if so then please show me some history, but I think only the Thread Starter can tell us he trade the System at what Broker time and it is successful.

hope we will have a solution for that

good day
  • #1,029
  • Jun 17, 2011 4:16am Jun 17, 2011 4:16am
Quoting takethat
sorry John, but that is the problem, if I see 2 hours a down signal and other people see an up signal that's not ok, if you will let people have same results and can posting trade setups, you have to give an Indicator that show on every Broker near the same Signal.

I have 3 demos up from 3 different brokers. You can watch when they agree and when they don't.
  • #1,030
  • Jun 17, 2011 4:25am Jun 17, 2011 4:25am
Hello
The manager is here and will be taking comments,questions,and concerns.
  • #1,031
  • Jun 17, 2011 4:28am Jun 17, 2011 4:28am
Hi Takethat

Welcome to the wonderful world of Forex, until an organization such as the World Bank (I.B.S.) takes over control of the Forex market, this will always be the problem.

If you really want to have the same signals as the thread owner, then use his broker.

However as this is a thread and other people are posting from their own broker, someone might post a trade that you don't receive as a signal - does that mean their trade is invalid?

In addition, this (and other) forums has lots of different systems on it, posted by lots of different users, with different brokers - are you really going to open an account with every broker just to get the same signals as the thread owner?

As I stated at the beginning, these quirks exist due to the de-centralized nature of the market and will continue to do so, and there are only 3 solutions

a) accept it as part of the wonders of trading forex
b) open an account with every broker of the thread owner for the systems you use
c) switch to a more centralized method of investment (ie. stocks)

Regards
John

Quoting takethat
sorry John, but that is the problem, if I see 2 hours a down signal and other people see an up signal that's not ok, if you will let people have same results and can posting trade setups, you have to give an Indicator that show on every Broker near the same Signal.
  • #1,032
  • Jun 17, 2011 4:35am Jun 17, 2011 4:35am
I fell asleep and just woke up.

I noticed two pages before that the member forexforex has posted a chart

and clearly tried to illustrate that he went long on the gbpusd wth all the

signals that matched and the trade went against him.

I too was in that trade and held it open to show you all something for the

sake of clarity.

It seems as everything was going great prior to 12am est.Right after 12as est

things changed and the trades went against them.If the risk is to great

them.I see no more posts by him since then and I thank him for waiting

all day long for that one opportunity to show that a trade can go against you.
  • #1,033
  • Jun 17, 2011 4:37am Jun 17, 2011 4:37am
The good news is that if you would have exited that trade there were two

more opportunities to reenter right around the corner which would have made

triple pips on all pairs.
  • #1,034
  • Jun 17, 2011 4:41am Jun 17, 2011 4:41am
I will only have the best Signal for this System, same the Author make the best results.

and btw I only charting at mt4 and trade by a Broker he don't have a real Mt4 Trading platform.
but the price will go the same way as at all brokers and if Kevinator make a +15 pip I will make +- 3 the same , so that is enough for me

good day




Quoting jmw1970
Hi Takethat

Welcome to the wonderful world of Forex, until an organization such as the World Bank (I.B.S.) takes over control of the Forex market, this will always be the problem.

If you really want to have the same signals as the thread owner, then use his broker.

However as this is a thread and other people are posting from their own broker, someone might post a trade that you don't receive as a signal - does that mean their trade is invalid?

In addition, this (and other) forums has lots of different systems on it, posted by lots of different...
  • #1,035
  • Jun 17, 2011 4:50am Jun 17, 2011 4:50am
hi
jmw1970

I have a request for my old eye , can you mod the indicator for the Text also come at the same colour at the user change in the properties, because special the dark blue I can't see good at black ground, thanks in advance.

here a pic what I mean

good day
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  • #1,036
  • Jun 17, 2011 4:50am Jun 17, 2011 4:50am
After some time and the drawdown which you could have exited and reentered.Alll those trades are now in profit.

If I had stayed awake I would have reentered at (my chart time)4:15 on my chart and 7:15 both of those trades would have been profitable as they both followed the 4hr stoch.

And further more the top of the TMA would have given me a exit point for the trade prior to 12am est.

Needless to say everything is in profit now even the trades he was speaking on that took place prior to 12am,

Here is one...
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  • #1,037
  • Jun 17, 2011 4:53am Jun 17, 2011 4:53am
I am up 50 pips in this trade please remember that number.

If I had exited with -20 I would have reentered and made 30 then reentered again and made 70. But 50 is ok so I am up 50 now.
  • #1,038
  • Jun 17, 2011 4:57am Jun 17, 2011 4:57am
Usdchf same thing.

I fell asleep and am in the trade over 7hrs now.

The 4hr Mtf stoch remained down and so the trade did not go against me enough that I would have exited.

There were multiple entry points and I am up 50 more pips.
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  • #1,039
  • Jun 17, 2011 5:04am Jun 17, 2011 5:04am
Same thing here........I fell asleep 7 hrs ago and took the trade based on the 4hr stoch.

Things "changed" at 12am est and it seems there was a drawdown.

I could have

1) exited and waited for a new reentry..Which would have made back double what I lost on the next setup.

2) trusted the signal and held the trade like I did based on the 4hr stoch which remained up.

I am up 30 pips on that trade.
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  • #1,040
  • Jun 17, 2011 5:06am Jun 17, 2011 5:06am
Mind you now I have been asleep and if I were awake I would have exited those trades forexforex was so kind to illustrate and reentered and would be up 200+ pips for the day.
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