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Brijons advanced traders multi-currency strategies

  • #341
  • Jun 21, 2011 3:46am Jun 21, 2011 3:46am
i think these will be a big help
from brian
  • #342
  • Jun 21, 2011 4:02am Jun 21, 2011 4:02am
Great work Paul.

Thanks.

Bruce


Quoting pah
Here are a couple of scripts I'm using.

One adds weekly limit orders based on my ADR lines (or optionally, bosuns lines). Depending on where price is now it will add sell limit orders at R1, R2, R3 or buy limits at S1, S2, S3.

Place them in your scripts folder and just drop them on a chart to run them.

Regards, Paul.
  • #343
  • Jun 21, 2011 4:02am Jun 21, 2011 4:02am
Hi Pah

Cheers for the indicator and scripts, certainly makes setting up the limit orders a breeze.

One question I have, on my Fxpro AUDJPY and CHFJPY the indicator sets up the resistance lines all within a few pips, fine on all the other others.
Is there anything I can do to get the lines correct, have tried different time frames, reloading etc. Have tried CHFJPY on another broker and loads up fine.

M.
  • #344
  • Jun 21, 2011 4:11am Jun 21, 2011 4:11am
alarms went off offline charts changed trends using trader4fun and pauls perfect hedge looks fantastic especialy when its ajusted to gmt

thanks paul scripts realy save time with limit orders i gather setting to false does bosuns lines as well is that correct?

from brian
  • #345
  • Jun 21, 2011 4:16am Jun 21, 2011 4:16am
Quoting moodybot
Hi Pah

Cheers for the indicator and scripts, certainly makes setting up the limit orders a breeze.

One question I have, on my Fxpro AUDJPY and CHFJPY the indicator sets up the resistance lines all within a few pips, fine on all the other others.
Is there anything I can do to get the lines correct, have tried different time frames, reloading etc. Have tried CHFJPY on another broker and loads up fine.

M.
Is that using the ADR or bosuns lines option?

I've not noticed this on any pairs but the JPY pairs are usually a lot smaller daily range than others although it shouldn't be as low as a few pips.

I usually drop them on 4 hour chart but it should work on any TF.

If you haven't got enough data for it to calculate the last week/start of week figures that might trip it up but I would only expect that's possible if dropping it on a 1 minute chart which only has a few hours of history bars available.

Does it work for you on other brokers accounts on those pairs?

Regards, Paul.
  • #346
  • Jun 21, 2011 4:18am Jun 21, 2011 4:18am
Quoting brijon
alarms went off offline charts changed trends using trader4fun and pauls perfect hedge looks fantastic especialy when its ajusted to gmt

thanks paul scripts realy save time with limit orders i gather setting to false does bosuns lines as well is that correct?

from brian
It does ONLY the ADR ones by default or, if you change the option to false, it ONLY does the bosuns line calcs.

Regards, Paul.
  • #347
  • Jun 21, 2011 4:29am Jun 21, 2011 4:29am
is there a way we can use an option to enter only long trades to this script or short or both
might be handy for swap interest trades these options in the future
please disregard ea does that not thinking today
great help paul
from brian
  • #348
  • Jun 21, 2011 4:30am Jun 21, 2011 4:30am
Hi Paul

It looks like its the 2 digit after the decimal thats causing the problem,
ie AUDJPY 84.50 lines are incorrect on fxpro
AUDJPY 84.500 lines are correct on thinkforex,

CHFJPY again incorrect on fxpro but ok on think forex which again has 3 digits after the zero.

Anyway to correct for the missing digit?

M.
  • #349
  • Jun 21, 2011 4:33am Jun 21, 2011 4:33am
Paul

Setting to false corrects the lines.

M.
  • #350
  • Edited 4:36am Jun 21, 2011 4:35am | Edited 4:36am
Quoting moodybot
Hi Paul

It looks like its the 2 digit after the decimal thats causing the problem,
ie AUDJPY 84.50 lines are incorrect on fxpro
AUDJPY 84.500 lines are correct on thinkforex,

CHFJPY again incorrect on fxpro but ok on think forex which again has 3 digits after the zero.

Anyway to correct for the missing digit?

M.
So fxpro is 4 or 2 digits are they?

I must admit, mine are all 5 or 3 digits but I will see if I can change it. I suspect the ones you think are OK might be wrong too - are they equivalent to the thinkforex on none JPY pairs?

p.s. the busuns calcs may be OK but the ADR will be wrong.
  • #351
  • Jun 21, 2011 4:37am Jun 21, 2011 4:37am
ea does by setting either long short or both on setting

not thinking today
  • #352
  • Jun 21, 2011 4:42am Jun 21, 2011 4:42am
hi Paul,

i send you email as well as private message,

my computer crasht 1 time, and my email is not working so well. lot of lag.
so hopefully you recived my mail and private message.

Brijon, are those averages stuff i added in latest EA correct?

also sorry guys i have an appointment today. so i dont have much time. with some luck i be back in 4 hours. so i need to catch up on the thread later

best wishes

Trade4fun
  • #353
  • Jun 21, 2011 4:54am Jun 21, 2011 4:54am
Hi Paul

FxPro is a 2 annd 5 digit.

Can you check for me, Fxpro AUDUSD R1 1.06921
Thinkforex AUDUSD R1 1.06243


Both with ADR on.

M.
  • #354
  • Jun 21, 2011 6:11am Jun 21, 2011 6:11am
Quoting moodybot
Hi Paul

FxPro is a 2 annd 5 digit.

Can you check for me, Fxpro AUDUSD R1 1.06921
Thinkforex AUDUSD R1 1.06243


Both with ADR on.

M.
The bosuns lines are fixed percentages of last weeks values (H,L,C,etc) but my ADR idea is based on average daily ranges and so will change with time and also with brokers data.

e.g. add bosuns lines today and they will be the same an hour later, ADRs will move slightly as the average daily range values change so adding them on Friday will be different to adding them on Monday.

To compare, you will just have to try on 2 or 3 brokers, if I give you my ADR values they are almost guaranteed to be different.

Regards, Paul.
  • #355
  • Jun 21, 2011 6:19am Jun 21, 2011 6:19am
forex4fun but they seem ok the averages
from BRIAN


Quoting trade4fun
hi Paul,

i send you email as well as private message,

my computer crasht 1 time, and my email is not working so well. lot of lag.
so hopefully you recived my mail and private message.

Brijon, are those averages stuff i added in latest EA correct?

also sorry guys i have an appointment today. so i dont have much time. with some luck i be back in 4 hours. so i need to catch up on the thread later

best wishes

Trade4fun
  • #356
  • Edited 9:42pm Jun 21, 2011 6:20am | Edited 9:42pm
Quoting brijon
is there a way we can use an option to enter only long trades to this script or short or both
might be handy for swap interest trades these options in the future
please disregard ea does that not thinking today
great help paul
from brian
Brian,

The EA currently always adds both buy and sell limit orders but depending on where price is now, it may vary as to what you get.

PP = central pivot point

ask < R2 puts sell limit at R3 with TP at R2
ask < R1 puts sell limit at R2 with TP at R1
ask < PP puts sell limit at R1 with TP at PP

bid > S2 puts buy limit at S3 with TP at S2
bid > S1 puts buy limit at S2 with TP at S1
bid > PP puts buy limit at S1 with TP at PP

Currently it doesn't look to put any buy/sell stop orders on going up/down away from the current price.

The latest version adds an option to allow not creating buys or sells, link below.

http://www.forexfactory.com/attachment.php?attachmentid=725123&d=1308655893


Regards, Paul.
  • #357
  • Jun 21, 2011 6:34am Jun 21, 2011 6:34am
Great work mate ive already starting to use it to try it out

so ican get a feel for your points

bosuns line seem to handle different brokers ok

from brian
  • #358
  • Jun 21, 2011 7:31am Jun 21, 2011 7:31am
Quoting brijon
Great work mate ive already starting to use it to try it out

so ican get a feel for your points

bosuns line seem to handle different brokers ok

from brian
I think with bosuns lines, which really only takes in account last weeks close, will be less susceptible to broker data than the ADR. bosuns lines are just a fixed percentages of last weeks close.

The ADR lines are fixed percentages of average daily range (high to low) over the last 13 days which means there are more points of potential differences to occur.

That said, I believe the ADR seems to work accurately because it is more dynamic and reflects recent price changes (yesterday, earlier this week, etc). Time will tell and if anyone's testing it then let us know your opinions on here.

On the subject of different brokers data, the ADRs should reflect that data accurately and should therefore be better at hitting tops/bottoms, etc. Unlike the hedge dashboard, you don't necessarily want everyone having the same Sxx, Rxx, PP values because their data feed behaves a bit differently and needs values that reflect the actual trading data.

As for the script which adds the limit orders, I suppose for the best accuracy you should really add them daily (after deleting yesterday's orders) so they are as up to date as possible and better reflect current price ranges. However, since everyone has different time to spend on trading, sometimes you need to get them on at the start of the week and leave it at that.

I'd be interested in any feedback on these though whether they appear to be accurate/better/more useful/completely useless/etc..

It's a new idea and may or may not prove to be effective...

Regards, Paul.
  • #359
  • Jun 21, 2011 11:01am Jun 21, 2011 11:01am
Hi Paul

I like the ADR, gives an extra dimension to setting the limit orders particularly if the jpy can be set to work on the 2 digit broker.

As brian says, the bosuns line acts like a magnet with the price returning usually a couple of times each week. Im wondering whether there is any mileage in keeping the bosuns line as the target from R1,S1 but have variable support resistance lines based on the ADR set daily with R2 having a take profit at R1 etc.
Then as you mention reset the limit orders, perhaps before euro opening.

Im probably barking up the wrong tree, thinking out aloud.

M.
  • #360
  • Jun 21, 2011 1:43pm Jun 21, 2011 1:43pm
I THINK GMT times may clean uo the ideal hedge dashboard a fair bit but the closing times and opening times of different brkers will always cause some discrepencys , we might have to live with this the pip values on closing and opening on fridays will cause some problems i think

axle and 4 finx seem pretty close to gether as reasonable accurate
where ibfx is a problem and alpari has the latest opening time and earliest closing time of all

so the choice of brk may be crutial for consistant results i think it may in the future get down to select brokers as suitable data for this
your time of your broker is found in market warch top left compare it with gmt time current

great work PAUL AND FOREXFOR FUN

FROM BRIAN
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