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  • #6,821
  • Edited 9:53am Jul 1, 2011 9:48am | Edited 9:53am
Hi,
I have entered long the GBPCHF pair yestreday at 1800GMT and it is up now by 117 pips. Should I let the position open for the weekend or is it better to cloe it now (I think 100+ pips can be enough). See the chart atteched.
Ric
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_h4.gif Size: 30 KB
  • #6,822
  • Jul 1, 2011 9:51am Jul 1, 2011 9:51am
Quoting andys0506
Guys, I see this thread is still going strong which I can only assume is because the TDI works? Does it?

Firstly please excuse me as I have not read all the thread yet! My concern is that you guys are all relying on a single indicator? A custom indicator that at any moment may stop functioning, for example due to MT4 code changes.
I don't know much about MT4 but I was able to backwards engineer the MT4 code and build it into OmniTrader. So there's nothing special about MT4's code so I don't see how it could "stop working" and not be able to be rebuilt based on an MT4 change.
The only way it could stop working is if the market changes, which frequently happens and causes systems to fall apart. However, that's where the extra things like HA bars, PA and Stoch will help you determine your trades.
Also I've extensively backtested the TDI indicator on 4HR bars back to Jan 1, 2011. And it's pretty consistant with it's results, so I can say that for the last 6 months, it's been pretty solid.


Lain
  • #6,823
  • Jul 1, 2011 9:55am Jul 1, 2011 9:55am
Quoting rbuki
Hi,
I have entered long the GBPCHF pair yestreday at 1800GMT and it is up now by 117 pips. Should I let the position open for the weekend or is it better to cloe it now (I think 100+ pips can be enough). See the chart atteched.
Ric
I personally like to exit everything at 4pm on Friday and not hold anything over the weekend. I hate gaps, that's why FX is so appealing, 24hr trading. Gaps could be good or they could be bad. But I'd rather not have to worry about it over the weekend.
I'm guessing you're demo trading. If you had real money on the line would you be comfortable with it sitting in "limbo" over the weekend.

Also, with my specific strategy I built around TDI. My profit and HR were lower if I help over the weekend. So most of the time the gaps didn't work out in my favor (based on historicaly backtesting).

But I only started demo trading in the last 2 weeks so maybe some of the people who've been trading it for a while have seen patterns with the weekend gaps.


Hope that helps.

Lain
  • #6,824
  • Jul 1, 2011 10:00am Jul 1, 2011 10:00am
Hi there,

I'm new to this system - and trading generally. I haven't finished reading through this whole thread, but would like to install the indicator on my MT4 platform so I can start watching it.

I've seen different download links, please could someone point me in the direction of the right one? Many thanks.
  • #6,825
  • Jul 1, 2011 10:01am Jul 1, 2011 10:01am
Quoting rbuki
Hi,
I have entered long the GBPCHF pair yestreday at 1800GMT and it is up now by 117 pips. Should I let the position open for the weekend or is it better to cloe it now (I think 100+ pips can be enough). See the chart atteched.
Ric
nice trade, but i get a bit cautious when price has reached demand so many times like in your chart, more orders get filled each time thus possibility of less chance of a winner, i always try to find a thrust of sellers or buyers, mark the zone and wait patiently for price to return, how do you guys play it?
  • #6,826
  • Jul 1, 2011 10:04am Jul 1, 2011 10:04am
looks to be flattening, plus there is a level of resistance ahead of the pair - run
"To live with Passion, it takes Courage and Grace to survive"
  • #6,827
  • Jul 1, 2011 10:06am Jul 1, 2011 10:06am
Quoting Lain
I personally like to exit everything at 4pm on Friday and not hold anything over the weekend. I hate gaps, that's why FX is so appealing, 24hr trading. Gaps could be good or they could be bad. But I'd rather not have to worry about it over the weekend.
I'm guessing you're demo trading. If you had real money on the line would you be comfortable with it sitting in "limbo" over the weekend.

Also, with my specific strategy I built around TDI. My profit and HR were lower if I help over the weekend. So most of the time the gaps didn't work out...
Yes, that is a demo trade. I think with real money I would not let it open. Thank for your thoughts. Ric
  • #6,828
  • Jul 1, 2011 10:06am Jul 1, 2011 10:06am
Quoting pipiness
Hi there,

I'm new to this system - and trading generally. I haven't finished reading through this whole thread, but would like to install the indicator on my MT4 platform so I can start watching it.

I've seen different download links, please could someone point me in the direction of the right one? Many thanks.
http://www.forexfactory.com/showthread.php?t=292285
  • #6,829
  • Jul 1, 2011 10:17am Jul 1, 2011 10:17am
Thanks so much vbmark. Sorry to be a pain, but how do I upload the file to MT4? Thanks.
  • #6,830
  • Jul 1, 2011 10:23am Jul 1, 2011 10:23am
refer to post # 5020 for the template from Big E or search the attachments and download it to your template file in MT4
"To live with Passion, it takes Courage and Grace to survive"
  • #6,831
  • Jul 1, 2011 10:25am Jul 1, 2011 10:25am
http://www.forexfactory.com/images/attach/tpl.gif #1 best 5 ma tdi.tp..tpl(post)
"To live with Passion, it takes Courage and Grace to survive"
  • #6,832
  • Jul 1, 2011 10:25am Jul 1, 2011 10:25am
Quoting pipiness
Thanks so much vbmark. Sorry to be a pain, but how do I upload the file to MT4? Thanks.
google it on youtube
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #6,833
  • Jul 1, 2011 10:28am Jul 1, 2011 10:28am
Quoting pipiness
Thanks so much vbmark. Sorry to be a pain, but how do I upload the file to MT4? Thanks.
Download the files and add them to your x86 files in the expert folder.
Did you know the profiteers like their money green?
  • #6,834
  • Jul 1, 2011 10:38am Jul 1, 2011 10:38am
Quoting dean
are you an Aussie drifter??
Sydney my good friend
  • #6,835
  • Jul 1, 2011 10:44am Jul 1, 2011 10:44am
Thank you everyone, I truly appreciate your help. Hope to get this up and running soon.
  • #6,836
  • Jul 1, 2011 10:49am Jul 1, 2011 10:49am
Quoting bishopdotun
Hi all. Can someone helpout with configuring email settings on MT4 platform:

How do i fill in with the options below;

...
Sign up for email account with lavabit.com. Im sure their are their other emails that work with MT4, but this is what i use. [/color]

SMTP SERVER : lavabit.com:587
SMTP LOGIN :[email protected] (your log in name)
SMTP PASSWORD : your password

FROM: [email protected]

TO: your email address, where you would like to receive the email.

send test message, if it doesn't work, close your mt4 and restart MT 4. It should work. [/color]

  • #6,837
  • Jul 1, 2011 11:25am Jul 1, 2011 11:25am
I followed a youtube video for uploading the indicator file to the 'experts' folder, switched off meta trader and switched back on again, but it's not appearing in the experts list. Can anyone help, please? Thanks.
  • #6,838
  • Jul 1, 2011 11:34am Jul 1, 2011 11:34am
Quoting pipiness
I followed a youtube video for uploading the indicator file to the 'experts' folder, switched off meta trader and switched back on again, but it's not appearing in the experts list. Can anyone help, please? Thanks.
Uploading it into the "expert folder" is correct... but did you copy/paste it into the sub-folder call "Indicator"???

Regards

mikelee
  • #6,839
  • Jul 1, 2011 11:37am Jul 1, 2011 11:37am
No. Should it go in both expert and indicator files, or just indicator?
  • #6,840
  • Jul 1, 2011 11:39am Jul 1, 2011 11:39am
Quoting mikelee
Uploading it into the "expert folder" is correct... but did you copy/paste it into the sub-folder call "Indicator"???

Regards

mikelee
Mike, thank you so, so much. I just moved it into the 'indicators' folder and now it's working. Fantastic. Can't thank you enough.
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