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Brijons advanced traders multi-currency strategies

  • #381
  • Jun 22, 2011 4:34am Jun 22, 2011 4:34am
in answer to your question re times to go scalping

the time must fit in with your daily routine but the best time is when your chart presents the ideal time for me its based on 3mw and the normal square hh ll for fast scalps OB ivious if its a high interst swap currency only scalp eg audusd long gbpAUD SHORT EURAUD SHORT

THE SCALPING CAN UTALIZE THE ZERO AND TIME FRAMES EG THE BIGBEN STRATEGY THE TIME AT BETWEEN 11.30AM AND 12.30PM ADELAIDE TIMES ECT MOST OF THE SCALPING TIMES WERE COVERED IN THE 3MW THREAD

ZERO HELPS AND LATER NEXT MONTH IF TIME PERMITS ILL DO A SCALPING VIDEO

HOPE ALL GOES WELL WITH YOUR MUM

MY THOUGHTS ARE WITH YOU

GOD BLESS FROM BRIAN





Quoting trade4fun
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...
  • #382
  • Jun 22, 2011 5:48am Jun 22, 2011 5:48am
Audusd bosuns line 1.0627
first resistance close to bottom of normal square
1.o56o

chart shows eg indicater a buy

so .o1 lot or .1 or 1 full lot depending on account size

the trade goes against you

next pos average using adr lines is 1.o487

ok average price of both is 1.0524

now as this is a swap interst currency we have a certain degree of assurance the long will return to the bosuns some time in the week

therefore the profit on 2 trades of .1 or 1 or .01 will give you a profit so in this example you can see that the priciple of loss profit loss is aided giving you more confidence to enter a scalping trade on a high swap interst currency

using your own choice of indicaters to make the trade

think about the principle all time frames help but this simple calc will help i think as an example using bosuns and adr -lines together

from brian
  • #383
  • Jun 22, 2011 5:54am Jun 22, 2011 5:54am
The formula is derived as an account management system of pos averaging using 1 lots eg .o1 .1 or 1 full lot depending on your account size

so by using swap interset that is a credit to your account gives increase benifits to helping you win

i suspect adr lines will give simular results using swap interst credits to your accounts

debits will mean you expose yourself overtime to greater risk

i hope this helps you think in a new light re dd scalping

from brian
  • #384
  • Edited 7:34am Jun 22, 2011 5:56am | Edited 7:34am
Brijon,

thanks for your answer, looking forward to your video.

now for some good news,

here is the dashboard indicator from Paul ( Pah) on this forum. he should get all the credit for this incredible indicator. if this works as good as i hope it will be. you can throw my Ea into the trashbin and use this one from now on.

add this in custom indicators. not into Experts.

i tested it on 2 different brokers with different GMT times and it works for me.

however more tests are always welcome ofcourse.

at the moment the indicator only works for 5 digit brokers and at those 5 digit brokers. it needs to be like EURUSD, so not like on forex.com for example EURUSDFXF or EURUSDm ( m) for microlots.

options.

alarm true.

this will give an alarm when 0 hedge occurs. however remember with my EA the alarm goes on and off every single second because it crosses the 0 lines lot of times.

thanks to Paul he made it so. that 1 alarm is given. and then sleeps for 30 minutes. this way you dont get those every single time an alarm. i am sure your neighbours will be happy as well as the rest of the family

Compact Mode

this mode will set the charts closer together if you prefer it that way.

RG.Profit.Loss.

RG.Profit.Loss means - display profit values in green and loss values in red otherwise they have the same colour as the pair to which they relate (reds are sells, green are buys).

Dynamic.Spread.Values

in excell calcualtion the pip is vast. however if you put it on yes. it will use the spread of your current broker.

Server.GMT.Offset.Hours

GMT offset is the difference between MT4 market watch time and GMT. Be careful comparing to your local PC time if you are not in time zone GMT+0. You would need to factor in your own GMT offset too

e.g.
Current UK time 13:30 (GMT+1), market watch 13:30
GMT offset = +1

current Casablanca time 12:30 (GMT), market watch 13:30
GMT offset = +1

current time Western Australia 19:30 (GMT +8), market watch 13:30
GMT offset = +1

http://www.timeanddate.com/worldclock/

now your calculations should be correct. just like in Excell.

...

at the moment this is it. the averages are not yet in this indicator. but hopefully when Paul has some time again. he can add them later.

please check it with other brokers and if you find any bug please add it in here.

Paul thanks again for your marvelous work and Brijon thanks for the strategies and excell files.

Brijon you need anything else added that is usefull, please let me know.

Thanks everyone

Trade4fun
Attached File(s)
File Type: mq4 hedge_dashboard_v1.mq4   47 KB | 382 downloads
  • #385
  • Edited 7:43am Jun 22, 2011 6:42am | Edited 7:43am
Just to clarify on the alerts, each different 'basket' now has it's own alert when the weekly crosses zero and each alert is restricted to not pop up until 30 mins after it last did so.

Regards, Paul.
  • #386
  • Jun 22, 2011 6:48am Jun 22, 2011 6:48am
http://www.youtube.com/watch?v=IdNqA_rjIIw
  • #387
  • Jun 22, 2011 7:12am Jun 22, 2011 7:12am
cam someone tell me at what point of the week do the adc weekly lines become reliable as a trend direction indicator

Is the start of the week taken as 10pm gmt sunday and if so are the weekly lines reliable from here or should we wait tilll say london open.

Also is it a fair guide to say if price is below or above pivot it will trend in that direction until it meets support or resistance

thank you

Quoting brijon
i recieved PAULS ADC WEEKLY INDICATER To compare with bosuns lines

i put both on audusd and found they were very simular so i included all on this screensnap shot , i havent time at present but many here can test them on all currencys as i think they are worth looking at as to accuracy over all currencys

great work paul thank you im sure they will prove a valuable talking point and tool as they seem to also touch double tops and bottoms and demand and supply points

thank you god bless from BRIAN
  • #388
  • Jun 22, 2011 7:41am Jun 22, 2011 7:41am
Trade4fun and Paul, u guys are simply amazing!!, u all defintley deserve a huge round of applause for this job. I for one, am grateful for u sharing such hard work. God will surely bless the both of u for such kindness and sharing of your resources.You have made trading one step easier for me and many of us, thank u so much, so much appreciated.


Since the dashboard has reached this far, i was thinking next step is to make this an ea. In the EA we will have the option of selecting the hedge group to trade(it will trade only all buys or all sells) at a given cross distance. So for example: EA can be set to take all buy trades when your chosen hedge group crosses zero, but the trade is only initiated at say +10 into trend (daily/weekly) so as to give some breathing room for trend to really develop, etc...something to think about i guess... and we would have to develope a sound money management technique for each hedge group...i hope i am making some sense..what do u gys think????

Anyways thank u all.
  • #389
  • Jun 22, 2011 7:47am Jun 22, 2011 7:47am
Hi Trade3fun & Paul,

Could I please add my additional thanks for all your hard work, I have just downloaded the indicator and looking forward to working with it.

Cheers...Des
  • #390
  • Jun 22, 2011 7:47am Jun 22, 2011 7:47am
Sorry... Trade4fun !!!
  • #391
  • Jun 22, 2011 7:51am Jun 22, 2011 7:51am
Quoting pah
Just to clarify on the alerts, each different 'basket' now has it's own alert when the weekly crosses zero and each alert is restricted to not pop up until 30 mins after it last did so.

Regards, Paul.
Hi Guys

Great work with this indicator

But, I'll a little confused on the GMT thing.

GMT is 12:51, my broker is 14:51, so the GMT offset should be +2

So, in the code you are looking for 20:00 (GMT) on Friday, which means on my broker you need to look at 20 +2 = 24, i.e. midnight.

Is my interpretation correct and all the +1's typos?

Thanks

Paul
  • #392
  • Jun 22, 2011 8:05am Jun 22, 2011 8:05am
Is it possible to set auto GMT to avoid any issues with setting up the time?
there are many time providers and you may be able to take the GMT time directly from there and offset that in the indicator against the broker time.

thanks
ER
  • #393
  • Jun 22, 2011 8:08am Jun 22, 2011 8:08am
Quoting censura
cam someone tell me at what point of the week do the adc weekly lines become reliable as a trend direction indicator

Is the start of the week taken as 10pm gmt sunday and if so are the weekly lines reliable from here or should we wait tilll say london open.

Also is it a fair guide to say if price is below or above pivot it will trend in that direction until it meets support or resistance

thank you
The ADR lines aren't designed as a trend indicator as such but more a way of determining dynamic S R type levels by using the average daily range. Having said that, they do show the trend to some extent when you see the white centre PP line stepping up or down.

They were an idea I had for a dynamic alternative to the bosuns lines since bosuns are calculated based on last weeks levels.

Since ADR lines use the average daily range they do move daily and should probably be reviewed and orders placed daily. Both ADR and bosuns use the last Friday 8pm bar as the week close/open and this is not adjusted for GMT but is your charts/brokers 8pm bar.

The way I look at them is that whilst price is around the central PP line between R1 & S1 it can go either way but if it does move above R1, R2, R3 or below S1, S2, S3 then it usually retraces back to the prior line eventually. This is why I've been trying them out with buy/sell limit orders.

There are some other things I've noticed too but please check them out yourself and see what you think. For instance, when a pair starts ranging it will usually be above R1 to below S1 and back again which lasts several days.

I only came up with the idea a few days ago so I'm still finding things out and not sure how well they will work.

Regards, Paul.
  • #394
  • Jun 22, 2011 8:23am Jun 22, 2011 8:23am
Quoting batemap
Hi Guys

Great work with this indicator

But, I'll a little confused on the GMT thing.

GMT is 12:51, my broker is 14:51, so the GMT offset should be +2

So, in the code you are looking for 20:00 (GMT) on Friday, which means on my broker you need to look at 20 +2 = 24, i.e. midnight.

Is my interpretation correct and all the +1's typos?

Thanks

Paul
+2 is the correct setting for your broker.

However, 20 + 2 isn't 24

Friday 8pm GMT data will appear on your charts at 10pm at your 'market watch time'.

Regards, Paul.
  • #395
  • Jun 22, 2011 8:25am Jun 22, 2011 8:25am
Quoting pah
+2 is the correct setting for your broker.

However, 20 + 2 isn't 24

Friday 8pm GMT data will appear on your charts at 10pm at your 'market watch time'.

Regards, Paul.
Hi Paul

Thanks for the confirmation and the maths explanation

Paul
  • #396
  • Jun 22, 2011 8:27am Jun 22, 2011 8:27am
Im sorry from your question it appears you have not watched all the videos or read either thread
from brian


Quoting censura
cam someone tell me at what point of the week do the adc weekly lines become reliable as a trend direction indicator

is the start of the week taken as 10pm gmt sunday and if so are the weekly lines reliable from here or should we wait tilll say london open.

Also is it a fair guide to say if price is below or above pivot it will trend in that direction until it meets support or resistance

thank you
  • #397
  • Jun 22, 2011 8:32am Jun 22, 2011 8:32am
Quoting expertreview
Is it possible to set auto GMT to avoid any issues with setting up the time?
there are many time providers and you may be able to take the GMT time directly from there and offset that in the indicator against the broker time.

thanks
ER
I think it will eventually be done automatically as time permits. My brain's turning to mush doing all the calcs in my head too

Regards, Paul.
  • #398
  • Jun 22, 2011 9:01am Jun 22, 2011 9:01am
Paul, do you keep to a designated time to delete the previous orders and update with new ones? Thanks.
Don't stop believing
  • #399
  • Jun 22, 2011 9:05am Jun 22, 2011 9:05am
Quoting batemap
Hi Paul

Thanks for the confirmation and the maths explanation

Paul
Forgot to mention, they were just to show that although your current time may vary from GMT it is your brokers server GMT offset that's the important bit.

Regards, Paul.
  • #400
  • Jun 22, 2011 9:19am Jun 22, 2011 9:19am
Quoting makemillions
Paul, do you keep to a designated time to delete the previous orders and update with new ones? Thanks.
Not had much chance to experiment yet but the best time for me seems to be during asian open, certainly before London open.

If it's too late then price tends to have started moving near/above/below R1 or S1 and then it feels like you might be forcing a trade with a limit on those points. Certainly the script doesn't add them for the S's or R's next to the current price.

I haven't quite worked out a strategy yet for entering trades going either direction away from the central PP line.

Regards, Paul.
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