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Kevinator 5m retracement-Live trading

  • #1,241
  • Jun 19, 2011 7:41am Jun 19, 2011 7:41am
I've been reading through the entire thread trying to fully understand all the nuances of this great system. Many thanks to all the helpful and informative input by Kevin and others!

I really hope someone could help to clarify some final questions I have after reading all the valuable info (and maybe misunderstanding something as a forex beginner?)

1. Should the Retracement finder's (RF) signal (proper magenta bar) always be used in all the entries (1h and 4H)? It is a bit confusing for a newbie like me to see some trade examples with trades taken without RF signal. What would be the exception for not using RF signal...experience with the system?
2. Still about RF. Should we take it's signal on close of proper magenta bar (5 min of waiting) or already as soon as it starts to form the right way? I've seen some controversiality in several screenshots. If taken only after magenta bar close, I've noticed that in many trades profitability decreases greatly.
3. I downloaded and inserted #MT TrendLine_2 indicator. Does it come with all the correct/proper settings automatically..so no need to adjust anything? Could someone please briefly explain it's basic function, signals and how to use it in this solid trading system?

Once again many thanks for this strategy and all the valuable input!
Good luck everyone!
  • #1,242
  • Jun 19, 2011 7:43am Jun 19, 2011 7:43am
Thanks Kevin for your valuable help and insight.
Looking forward to the next week of trading !
cheers
Mind is the King
  • #1,243
  • Jun 19, 2011 9:37am Jun 19, 2011 9:37am
Dear All

following different requests here are the latest versions of the indicators

Kevin, perhaps you could upload them to the first page.

IMPORTANT: The default parameters ONLY need to be changed if you wish to use some of the more advanced settings used by more experienced users of this system. Otherwise the defaults are perfectly valid.

!Kevinator v2

Updates/Modifications

Ability to send eMails for alerts has been added (this does require that you have configured the parameters in MT4 to use this facility)

The control to send Alerts/eMails has been removed at the chart level. This is now controlled at the Metatrader level. ie. Alerts/eMails will either be sent for ALL charts that the indicator is attached to or none.
The default is no Alerts/eMails - to switch On/Off press F3 for Global variables. Search for !Kevinator Alerts (or eMail) and set to 1 for On, 0 for Off.

Period seperators if required will now be displayed in the indicator window, (Default is to display, can be changed in the parameters), the first time frame (ie. the 1hr normally) has a vertical line of dots for the seperation, the second time frame (ie. the 4hr normally) has a solid vertical line for the seperation.

The color of the Text for Up/Down can now be modified.

The rules for MOM trade alerts has been corrected to ignore the step direction of the hourly stoch.

TMA with Distances

Updates/Modifcations

The color of the distances in pips can now be modified.


---------


As mentioned in an earlier post there is a chat room available for TECHNICAL problems/queries ONLY!

Questions regarding the actual method should still be directed via the thread.

The address is http://chat.efnet.org:9090/
For ease please choose a nickname which is the same as your forex factory user name
The Channel name is #Kevinator

This is a limited offer and will not always be available, in addition I have to trade as well so please be patient.

Best Regards
John
Attached File(s)
File Type: ex4 !Kevinator v2.ex4   15 KB | 603 downloads
File Type: ex4 TMA with Distances.ex4   13 KB | 511 downloads
File Type: mq4 !Kevinator v2.mq4   15 KB | 715 downloads
File Type: mq4 TMA with Distances.mq4   12 KB | 633 downloads
  • #1,244
  • Jun 19, 2011 10:20am Jun 19, 2011 10:20am
Hi

I really want say thanks to you for your hard work
with the indicators we use for this nice strategy.

And you also take time to help those with tecnical problems is awesome.

Its people like you and Kevinator P Dean and ohters that give me hope that I
finally found something that works more than 1 week.

Thanks

Peter
  • #1,245
  • Jun 19, 2011 10:37am Jun 19, 2011 10:37am
Well put Peter , I agree

So Jmw, good effort-- I feel fully loaded for the new week, Thanks man.

So What advantage is the numbers denoted by the Tma, what is it telling us?
Anyone can chime in of course.

-Rock
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 36 KB
  • #1,246
  • Jun 19, 2011 10:46am Jun 19, 2011 10:46am
John u are the man!!! good work....
  • #1,247
  • Jun 19, 2011 10:48am Jun 19, 2011 10:48am
Use the numbers as TP or SL.

Quoting docrock
Well put Peter , I agree

So Jmw, good effort-- I feel fully loaded for the new week, Thanks man.

So What advantage is the numbers denoted by the Tma, what is it telling us?
Anyone can chime in of course.

-Rock
  • #1,248
  • Jun 19, 2011 10:55am Jun 19, 2011 10:55am
John,

Thanks for the updates and adding the email function. I cant wait for the new week to start!

Thanks again,

Dan
  • #1,249
  • Jun 19, 2011 10:55am Jun 19, 2011 10:55am
Hi Docrock

the numbers are simply there so you know the distances to the different bands, this is more important for the shorter term scalp trades.

Sometimes because MT4 rescales the charts the distances between the bands can visually look narrow, but in fact is quite a number of pips (especially after large moves up & down and you have a lot of candles on your chart)

The numbers are simply there to help you better gauge the risk involved, especially on band to band trades.

ie. The trade signal comes for long and the price is below the middle band so still valid, but the distance to the upper band (where you would normally be looking to exit for short term) is only 7 pips away, then it would be better to skip the trade - especially if for a correctly placed Stop at the swing is greater than this.

so simply put - the numbers are there to help you determine risk/reward

Regards
John

Quoting docrock
Well put Peter , I agree

So Jmw, good effort-- I feel fully loaded for the new week, Thanks man.

So What advantage is the numbers denoted by the Tma, what is it telling us?
Anyone can chime in of course.

-Rock
  • #1,250
  • Jun 19, 2011 10:55am Jun 19, 2011 10:55am
Quoting jmw1970
Dear All

following different requests here are the latest versions of the indicators

Kevin, perhaps you could upload them to the first page.

IMPORTANT: The default parameters ONLY need to be changed if you wish to use some of the more advanced settings used by more experienced users of this system. Otherwise the defaults are perfectly valid.

!Kevinator v2

Updates/Modifications

Ability to send eMails for alerts has been added (this does require that you have configured the parameters in MT4 to use this facility)

The control...
Hi Jmw,

Can you advise me how to configure the parameters in the MT4 for email use.

Thanks
  • #1,251
  • Jun 19, 2011 11:05am Jun 19, 2011 11:05am
Quoting lehmann
Use the numbers as TP or SL.
uh huh , I can see that.

Gracias, lehmann and John MW
  • #1,252
  • Jun 19, 2011 11:13am Jun 19, 2011 11:13am
Hi

To use the eMail facility you need to find out the SMTP server of your eMail system

if you are using a "free" acct. such as Hotmail this information can be found on the web using google

SMTP server for hotmail is "smtp.live.com:25"

In MT4 press CTRL & O to get the options window
Switch to the eMail tabs

Set the check box "Enable"

Set the server to be the SMTP server

Set the logon to be your user id (in the case of hotmail your eMail address)

Password is your password

From & To should be your eMail address again

Press Test and check the journal to ensure you have everything setup

Regards
John

Quoting Trade-Man
Hi Jmw,

Can you advise me how to configure the parameters in the MT4 for email use.

Thanks
  • #1,253
  • Jun 19, 2011 11:17am Jun 19, 2011 11:17am
Thanks jmw.

Will be good to try the email alerts.
  • #1,254
  • Jun 19, 2011 11:24am Jun 19, 2011 11:24am
Quoting enoc2g
1. use 4 hr stochastic as the trend guide.
2. wait for price to move outside or to extreme of TMA.
3. look for Retracement finder bar in direction of 4 hr stochastic.
4. sell a break of the low of this bar. (conservative entry).
5 Default stop loss 25 pips 50 pip trailing stop.
6. Close position if stochastic indicator closes with a opposite color or trailing stop is hit.
7. Only 1 loss allowed per session from 0:00 GMT to 0:00 GMT and only 1 win after that the dealing is over until next session- after 0:00 GMT.

Thats it stay tuned I will attempt...
Very good Enoc,
I will join you on those rules, I think I will add one...

8. Stay with e/u only --I only get in the weeds when Ive got too many trades going.

-Rock

p.s. #7. is hard,
  • #1,255
  • Jun 19, 2011 11:47am Jun 19, 2011 11:47am
Quoting jmw1970
Hi

To use the eMail facility you need to find out the SMTP server of your eMail system

if you are using a "free" acct. such as Hotmail this information can be found on the web using google

SMTP server for hotmail is "smtp.live.com:25"

In MT4 press CTRL & O to get the options window
Switch to the eMail tabs

Set the check box "Enable"

Set the server to be the SMTP server

Set the logon to be your user id (in the case of hotmail your eMail address)

Password is your password

From & To should be your eMail address again

Press Test and...

Hi John, I did that but I got these erros :

could you help me?
Attached Image
  • #1,256
  • Jun 19, 2011 12:04pm Jun 19, 2011 12:04pm
Hi

first of all exit MT4 and restart

MT4 has a bug where when you change some information in this eMail TAB it messes up the data, and can only be fixed by exiting MT4 and re-entering

then try Test again, if it still does not work, then exit MT4 and re-enter and change the 25 to 587

This usually occurs because your internet service provider has blocked port 25 for general access and the MT4 eMail system is very simplified.

If it still doesnt work after that then maybe it is something to do with the combination of MT4 build and your ISP and I cant help you.

For me with Hotmail it works fine.

Regards
John

Quoting rlpaludo
Hi John, I did that but I got these erros :

could you help me?
  • #1,257
  • Jun 19, 2011 12:23pm Jun 19, 2011 12:23pm
Quoting jmw1970
Hi Docrock

the numbers are simply there so you know the distances to the different bands, this is more important for the shorter term scalp trades.

Sometimes because MT4 rescales the charts the distances between the bands can visually look narrow, but in fact is quite a number of pips (especially after large moves up & down and you have a lot of candles on your chart)

The numbers are simply there to help you better gauge the risk involved, especially on band to band trades.

ie. The trade signal comes for long and the price is below the middle...

EXCELLENT work, John.

VERY MUCH APPRECIATED !!
  • #1,258
  • Jun 19, 2011 1:21pm Jun 19, 2011 1:21pm
even restarting mt4 it doest work for me ,

but thanks anyway john!!
  • #1,259
  • Jun 19, 2011 1:35pm Jun 19, 2011 1:35pm
Quoting rlpaludo
even restarting mt4 it doest work for me ,

but thanks anyway john!!
Same here rlpaludo, even tried my wife's email account as she has hotmail like john's but is still doing the same as yours .

May need to talk to your email provider. will let you know if I sort the problem out.
  • #1,260
  • Jun 19, 2011 3:21pm Jun 19, 2011 3:21pm
Quoting docrock
Very good Enoc,
I will join you on those rules, I think I will add one...

8. Stay with e/u only --I only get in the weeds when Ive got too many trades going.

-Rock

p.s. #7. is hard,
docrock, Thanks, I will trade EURUSD GBPUSD EURJPY and GBPJPY reason being since im only trading 1 time i have more setup possibilites with this many pairs. But only 1 trade per shot, my goal will be 2 lots then I will scale out at +50 and let the rest run until 4 hr trend change or trailing stop hit.

yes rule 7 is hard im forcing this on myself i have never been able to take only 1 trade per day or no trades even this a problem im trying to address with this rule.
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