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Brijons advanced traders multi-currency strategies

  • #361
  • Jun 21, 2011 1:51pm Jun 21, 2011 1:51pm
I FIND THE BEST LINES ARE BOSUNS WEEKLY BOSUNS MONTHLY AND THE SQUARE 48 I ONLY USE BASIC THESE 3

SO I THINK THAT THEY ARE EXTREMLY ACCURATE FOR ME

for using them as limit orders and pos average of i repeat
is all ive everneeded

but we all trade different these 3 and the trend is all i need

but for scalping yes i can see why you need accurate support and resistance other lines

i think if the script could just put these 3 in i would be more than happy

from brian


Quoting moodybot
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...
  • #362
  • Edited 2:42pm Jun 21, 2011 2:31pm | Edited 2:42pm
bosiuns line and the 75% of range between the bosuns weekly and the square 48 line give you a great reward risk entry to your 1 position on good swap interest currencys using limit order 1 and second at the 48
square

as an example the audusd range is 100 pips the third 1 from the square48 level on the 4 hour chart is 100 pips below OR ABOVE ON A SHORT

now that is a simple method of using 2 _ bosuns weekly close is take profit

NOW OF COURSE OIF IF YOUR SUPPORT AND RESISTANCE LINES ARE WITHIN THIS TYPE OF FRAME WORK USE THEM

so as entry price is likely to return to bosuns weekly line more than 3 times during the week you have 2 great levels and the monthly to look at

limit orders need a little thought not just support and resistance the trading range of the currency reward risk entrys with logical pos average

the % risk using this method of predictable areas is very low with the swap interset currencys as you are using stable currencys high rate areas of predictibility

the 3 pos average are all trading range strategy using reward risk areas
eg 75% of the bottom or top between bosuns and the 48 square on 3 hour chart

the touch of the 48 and the pos av3 the trading range down from the 48 or up on the short

now if your support resistance lines are close to these areas use them wether they are bosuns or another lines

as resistance and support lines by nature are designed to be broken

by the trading range now

something to think about

hope it helps simplify a complex subject

from BRIAN
  • #363
  • Jun 21, 2011 9:22pm Jun 21, 2011 9:22pm
Hi Brian/Paul/Trade4fun,
Thanks for making the efforts for the systems and EAs, I was testing pauls addweeklylimit EA and it added more than 30 orders for say the EURUSD pair alone on a H4 chart with IBFX broker, am I doing it right? Once again great job


Mal
Don't stop believing
  • #364
  • Jun 21, 2011 9:37pm Jun 21, 2011 9:37pm
Quoting makemillions
Hi Brian/Paul/Trade4fun,
Thanks for making the efforts for the systems and EAs, I was testing pauls addweeklylimit EA and it added more than 30 orders for say the EURUSD pair alone on a H4 chart with IBFX broker, am I doing it right? Once again great job


Mal
Hi Mal,

It should only place about 2 to 5 orders depending on where price is when you run it. I wonder if it is not correct with IBFX, I've only used it on 5 digit (3 for JPY) brokers. Even so, the code can't generate that many in one pass.

It is a script, not an EA so it should only run once (make sure it is in the scripts folder).

In an earlier post I explain how it places orders at R1,2,3,PP,S1,2,3 etc. Have a look at here and see if you can see what it's done.

http://www.forexfactory.com/showthread.php?p=4711151#post4711151

It doesn't delete any existing orders before adding them so running it several times will duplicate previous orders. You can use the delete script below to remove them for any pair.

http://www.forexfactory.com/attachment.php?attachmentid=724977&d=1308643089

Regards, Paul.
  • #365
  • Jun 21, 2011 10:07pm Jun 21, 2011 10:07pm
Quoting pah
Hi Mal,

It should only place about 2 to 5 orders depending on where price is when you run it. I wonder if it is not correct with IBFX, I've only used it on 5 digit (3 for JPY) brokers. Even so, the code can't generate that many in one pass.

It is a script, not an EA so it should only run once (make sure it is in the scripts folder).

In an earlier post I explain how it places orders at R1,2,3,PP,S1,2,3 etc. Have a look at here and see if you can see what it's done.

http://www.forexfactory.com/showthread.php?p=4711151#post4711151

It...


Thanks Paul, its working now as I did not know we should put it on the script folder, now I have the limit orders per pair. I had also set it to auto expiry in 24 hours to prevent duplicates.
Don't stop believing
  • #366
  • Jun 21, 2011 10:12pm Jun 21, 2011 10:12pm
Quoting makemillions
Thanks Paul, its working now as I did not know we should put it on the script folder, now I have the limit orders per pair. I had also set it to auto expiry in 24 hours to prevent duplicates.
Good thinking, I'd forgotten to mention the expiry hours feature which is useful to tailor it to suit your anticipated trading times.

Regards, Paul.
  • #367
  • Jun 22, 2011 1:13am Jun 22, 2011 1:13am
Paul has done a great job coding them ive had a chance to look at them closly looks great .
scripts work fine in someways they look better than bosuns lines

but have a couple of minor diasadvantages and some large pluses

the minor disadvantages may be in slight script changes and additions
as these lines are not a fixed daily amount

as Paul said it may need daily ajustment , maybe a script to remove all outstanding limit orders would save a little time

tieing in with the perfect hedge dashboard re adding limit orders may be
a great combination with placing new limit orders . therefore support and resistance lines can be utalized to a greater degree

the GMT time works well on test of indicater Paul except ibfx
it seems to be a slight problem

other than that great work

the signal on average has seen me with limit time make great trades on audusd using support and resistance scalps

a the advent of the average zero anticipates the core offline baskets to move with the new trend enabling me to enter great scalps

using the current support and resistance lines of high swap interest currencys
if the new trend is going the right way

so i think one should look at the tie between both as an opertunity to scalp the trend new direction in my opinion

AND AJUST TO THE TRADING RANGE

i hope both of you complete the testing and look at future adds in on the perfect hedge indicater

once again i congradulate paul on his fine work on the scripts and adr lines
great job

from BRIAN
  • #368
  • Jun 22, 2011 1:32am Jun 22, 2011 1:32am
Quoting brijon
Paul has done a great job coding them ive had a chance to look at them closly looks great .
scripts work fine in someways they look better than bosuns lines

but have a couple of minor diasadvantages and some large pluses

the minor disadvantages may be in slight script changes and additions
as these lines are not a fixed daily amount

as Paul said it may need daily ajustment , maybe a script to remove all outstanding limit orders would save a little time
Hi Brian

Paul posted a DeletePendingOrders script, in post 338 http://www.forexfactory.com/showpost.php?p=4710453 , to help with clearing out the old pending trades.

Thanks

Paul (the other one )
  • #369
  • Jun 22, 2011 2:02am Jun 22, 2011 2:02am
Hi Paul

As a man with time on your hands would it be possible to modify the script to set the limit orders at last weeks low and high with bosuns line (last weeks close) as the take profit? Im not sure whether the original script should set these with the ADR off?

I would like to run it alongside the ADR from your original script.

M.
  • #370
  • Jun 22, 2011 2:29am Jun 22, 2011 2:29am
Quoting moodybot
Hi Paul

As a man with time on your hands would it be possible to modify the script to set the limit orders at last weeks low and high with bosuns line (last weeks close) as the take profit? Im not sure whether the original script should set these with the ADR off?

I would like to run it alongside the ADR from your original script.

M.
Funnily enough I'm a bit busy with real work over the next day or two but I'll add that as an option.

Possibly also not placing a SL at all might be useful.

Regards, Paul.
  • #371
  • Jun 22, 2011 2:35am Jun 22, 2011 2:35am
BUT I KNOW BUT I WAS LOOKING FOR A SCRIPT TO DELETE ALL PLACED ON IN ONE HIT
EG TO CLEAN ALL IN ONE CLICK LIMIT ORDERS

SORRY I DIDNT MAKE myself CLEAR

WE CAN DELETE ONE AT A TIME BUT I MEANT ALL IN ONE DROP OF EA
CLEARING DELETING ALL LIMIT ORDERS ON

FROM Brian


Quoting batemap
Hi Brian

Paul posted a DeletePendingOrders script, in post 338 http://www.forexfactory.com/showpost.php?p=4710453 , to help with clearing out the old pending trades.

Thanks

Paul (the other one )
  • #372
  • Jun 22, 2011 2:36am Jun 22, 2011 2:36am
Quoting pah
Good thinking, I'd forgotten to mention the expiry hours feature which is useful to tailor it to suit your anticipated trading times.

Regards, Paul.

Thanks Paul, just wondering will the script auto put in the new limit orders upon expiration of the old orders? Great job again.
Don't stop believing
  • #373
  • Edited 2:49am Jun 22, 2011 2:45am | Edited 2:49am
Quoting brijon
BUT I KNOW BUT I WAS LOOKING FOR A SCRIPT TO DELETE ALL PLACED ON IN ONE HIT
EG TO CLEAN ALL IN ONE CLICK LIMIT ORDERS

SORRY I DIDNT MAKE myself CLEAR

WE CAN DELETE ONE AT A TIME BUT I MEANT ALL IN ONE DROP OF EA
CLEARING DELETING ALL LIMIT ORDERS ON

FROM Brian
That's quite easy to add to the delete all pending script (note made). Actually, here's a modified version of the std MT4 script which deletes all pending orders.


Regards, Paul.
Attached File(s)
File Type: mq4 delete_pending_all.mq4   2 KB | 279 downloads
  • #374
  • Jun 22, 2011 2:49am Jun 22, 2011 2:49am
Hi Paul, thank you for sharing your great script, it is super!! God bless. I think that if we can get the option of placing limit orders on last week highs and lows, and also last months highs and lows, it would make the script even better.

anyways Brijon here are some scripts that i use to quickly manage trades, one can use to close pending and open orders simultaneously, and others. Similar to what Paul posted earlier.

Hodgires
Attached File(s)
File Type: mq4 Close all open and pending orders.mq4   1 KB | 248 downloads
File Type: mq4 Close all pending orders.mq4   1 KB | 250 downloads
File Type: mq4 Close all open positions.mq4   1 KB | 270 downloads
File Type: mq4 Close All OPEN BUY Orders.mq4   1 KB | 271 downloads
File Type: mq4 Close All OPEN SELL Orders.mq4   1 KB | 258 downloads
  • #375
  • Jun 22, 2011 2:54am Jun 22, 2011 2:54am
Quoting makemillions
Thanks Paul, just wondering will the script auto put in the new limit orders upon expiration of the old orders? Great job again.
A script only runs once. To auto delete and place orders at a set time each day will need an EA which you can leave running.

This is quite easy but it needs to be aware of only handling its own orders (e.g. not deleting others you put on manually) so it will probably need to use either magic numbers or a specific comment to identify those.

However, not everyone likes having magic nos and comments due to them identifying to their brokers that the orders are coming from EA's etc.

I think comments will be OK though, it's added to my growing 'to do' list.

You can use the delete all script manually each day in the meantime before adding new ones.

Regards, Paul.
  • #376
  • Edited 3:13am Jun 22, 2011 3:01am | Edited 3:13am
Quoting Hodgires
Hi Paul, thank you for sharing your great script, it is super!! God bless. I think that if we can get the option of placing limit orders on last week highs and lows, and also last months highs and lows, it would make the script even better.

Hodgires
The HH, LL of last month/week are easy enough but where would you place SL & TP for these if any? ( or optionally leave them zero so you can manage them manually when they become open trades).

Regards, Paul.
  • #377
  • Jun 22, 2011 3:07am Jun 22, 2011 3:07am
Cheers Paul, much appreciated.
  • #378
  • Jun 22, 2011 3:15am Jun 22, 2011 3:15am
Hi Paul, Yes, optionally leave them at zero, so that we can manage them when they are opened.. Thank you.


Quoting pah
The HH, LL of last month/week are easy enough but where would you place SL & TP for these if any? ( or optionally leave them zero so you can manage them manually when they become open trades).

Regards, Paul.
  • #379
  • Jun 22, 2011 3:16am Jun 22, 2011 3:16am
As i am still testing placing limit orders on hh/ll, here is the current trade update for the week 130+ pips
Attached Image (click to enlarge)
Click to Enlarge Name: hh.ll trades.png Size: 97 KB
  • #380
  • Jun 22, 2011 3:50am Jun 22, 2011 3:50am
Paul,

i sent you a private message, because my email is not working again well. hotmail does not want me to reply. something about logged out.

.

Brijon

if you got some time, could you please let me know when you consider a good time to go scalping instead of taking limited orders using bosun lines.

Thank you.

i am sorry again not so much time to help out. my mother has some kind of muscle reuma maybe problem. the whole backmuscles are stuck. so i am playing for nurse at the moment. driving to her house, doctor, supermarket etc.

Trade4fun
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