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Trade What You See - Almost Naked Trading

  • #17,781
  • Sep 24, 2011 9:18am Sep 24, 2011 9:18am
Quoting lwiharjo
Solved this problem, just had to restart the terminal and it runs as expected. Just wondering how those TP points are determined, care to elaborate?

Another thing, I tried to run it on GOLD, doesn't seem to work. It returns "zero division", which I don't understand why.
Attached is the EAs that corrects the error made ​​for the Gold and some improvements in general.
Attached File(s)
File Type: ex4 BuyFibo v1.2.ex4   26 KB | 417 downloads
File Type: ex4 SellFibo v1.2.ex4   27 KB | 381 downloads
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  • #17,782
  • Sep 24, 2011 9:02pm Sep 24, 2011 9:02pm
Great! I'll try it out on market open and when there's signal to do the trade.. However, I still have a question that has not been answered... Regarding the TP points.. How are they calculated?? Just need to know how far I need to go to reach those points..

Simple example... BUY EURUSD @1.4500, SL 100. Other setting is default. What are the points for TP1, TP2, etc.. Thanks!

Quoting maudur
Attached is the EAs that corrects the error made ​​for the Gold and some improvements in general.
  • #17,783
  • Sep 25, 2011 5:27am Sep 25, 2011 5:27am
Quoting lwiharjo
Great! I'll try it out on market open and when there's signal to do the trade.. However, I still have a question that has not been answered... Regarding the TP points.. How are they calculated?? Just need to know how far I need to go to reach those points..

Simple example... BUY EURUSD @1.4500, SL 100. Other setting is default. What are the points for TP1, TP2, etc.. Thanks!
lwiharjo,

In the image attached you can see the Fibo object.

First, you decide the open price 1.45000 and that SL will be at 100 pips, ie 1.44900. You select which Fibonacci level will correspond to the TP1 and TP2 and also to something I call BreakEven, which is the point at which the SL will move to BreakEven (Open Price).

In this case, I selected BE at 200 Fibo Level, TP1 at 261.8 Fibo Level and Tp2 at 423.6 Fibo Level, but you can select these levels the value you want.

In the second image, you can see the corresponding parameters to the Fibo levels, but you can modify as you want, for example, you can select FiboProfit2 to 600, 800, what you want, you're the one who decides this.

The EAs does'nt draw the Fibo object, if you want, you need to draw it. This is handy to know at what time their objectives were achieved.

I hope you have been more clear. I suggest you Try out the EA, for example, runs BuyFibo with default values​​, then immediately paint the Fibo with levels:

0 Stop Loss
1 Open Price
2 Break Even
2.618 Take Profit 1
4.236 Take Profit 2

Then follows the behavior of the EA and you can understand better.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BuyFibo.JPG Size: 52 KB
Click to Enlarge Name: BuyFibo 1.JPG Size: 64 KB
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  • #17,784
  • Sep 26, 2011 5:00am Sep 26, 2011 5:00am
Greetings LG.... hope you are well
Watching the cable...
launched on a 3 tap / 4hr...
currently PA is struggling to 'escape' the 1hr BO box...
will hold and continue to watch for stronger candles
on the 15M through the top of the hour.

Attached Image (click to enlarge)
Click to Enlarge Name: gbp2.jpg Size: 62 KB


Below are the static resistance tp's 1,2 and 3

Attached Image


Cheers and Blessings to all following this excellent thread
It remains a pillar of great advice and proven results.
"You Never Know.....Until You Find Out."
  • #17,785
  • Sep 26, 2011 9:03am Sep 26, 2011 9:03am
First H1 BO this week by using RSI combined with TDI.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.gif Size: 21 KB
  • #17,786
  • Sep 26, 2011 9:29am Sep 26, 2011 9:29am
Next trade RSI + TDI
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.gif Size: 25 KB
  • #17,787
  • Sep 26, 2011 10:07am Sep 26, 2011 10:07am
Quoting AndreasF
First H1 BO this week by using RSI combined with TDI.
GBPCAD. Congratulations Andreas, this trade did it very well. I did not enter because this pair is not on my list.
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  • #17,788
  • Sep 26, 2011 10:07am Sep 26, 2011 10:07am
Quoting AndreasF
Next trade RSI + TDI
AUDCAD. Andreas, this trade managed to close well?
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  • #17,789
  • Sep 26, 2011 10:11am Sep 26, 2011 10:11am
Andreas, Pippete, normally I follow the pairs that appear by default in the indicator Lawgirl's Trend Display, you look at what other couples?
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  • #17,790
  • Sep 26, 2011 10:17am Sep 26, 2011 10:17am
Quoting maudur
Andreas, Pippete, normally I follow the pairs that appear by default in the indicator Lawgirl's Trend Display, you look at what other couples?
In this BO, reasons: RSIs were all up at time of entry, broke out of H4 consolidation.
I watch all pairs available by my broker, so about 25 or so...
Attached Image
  • #17,791
  • Sep 26, 2011 11:04am Sep 26, 2011 11:04am
Quoting maudur
AUDCAD. Andreas, this trade managed to close well?
Well, this one went 28 pips into my direction before it reversed and hit my SL.
I didn't pay attention to the Pinbar on M30 so it was my fault.

Anyway, TDI seems to be a very strong tool in filtering out our 'bad' trades.

Thanks, Maudur!
  • #17,792
  • Sep 26, 2011 10:46pm Sep 26, 2011 10:46pm
Long in EURCHF

Reasons:
- RSI point up
- STO confirm RSI
- TDI, RSI Price Line (green) > Trade Signal Line (red)
- price has good space to travel until it hits resistance on D1
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 22 KB
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  • #17,793
  • Sep 26, 2011 10:55pm Sep 26, 2011 10:55pm
Thanks, maudur
Almost missed this setup

Quoting maudur
Long in EURCHF

Reasons:
- RSI point up
- STO confirm RSI
- TDI, RSI Price Line (green) > Trade Signal Line (red)
- price has good space to travel until it hits resistance on D1
  • #17,794
  • Sep 27, 2011 4:51am Sep 27, 2011 4:51am
Quoting AndreasF
Thanks, maudur
Almost missed this setup
Andreas, EURCHF did not behave very well, because every channel has been in today. Luckily my EA BuyFibo helped me and closed the 30% to level I called BreakEven (+14 pips), then the rest closed at BreakEven. gained very little, but won.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 21 KB
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  • #17,795
  • Sep 27, 2011 4:55am Sep 27, 2011 4:55am
Hi Maudur

No problem at all.
I'm used to losing 40% of my H1 trades...lol

What do you think about AUDNZD right now.
It broke, re-tested and RSI + TDI look tempting...

Quoting maudur
Andreas, EURCHF did not behave very well, because every channel has been in today. Luckily my EA BuyFibo helped me and closed the 30% to level I called BreakEven (+14 pips), then the rest closed at BreakEven.
  • #17,796
  • Sep 27, 2011 5:02am Sep 27, 2011 5:02am
Quoting maudur
Andreas, EURCHF did not behave very well, because every channel has been in today. Luckily my EA BuyFibo helped me and closed the 30% to level I called BreakEven (+14 pips), then the rest closed at BreakEven. gained very little, but won.
Hi Maudur

I haven't posted here for a while, mainly because I was doing exactly what you were, reading the TMS thread and incorporating the TDI indi into my templates. Thanks for posting your buy/sell fibos. I'll try them asap.
You may want to look at the link below. Xaphod has mad some indicators for TDI that chart more smoothly.

http://www.forexfactory.com/showthread.php?t=294327
  • #17,797
  • Sep 27, 2011 5:02am Sep 27, 2011 5:02am
Quoting AndreasF
Hi Maudur

No problem at all.
I'm used to losing 40% of my H1 trades...lol

What do you think about AUDNZD right now.
It broke, re-tested and RSI + TDI look tempting...
Andreas, will not know how your broker, but in mine the graph shows that in the TDI indicator green line goes up looking for the red cross and the RSI does not confirm this trend at all. Nor does the STO. I'd wait a bit to get everything confirm.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.gif Size: 19 KB
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  • #17,798
  • Sep 27, 2011 5:06am Sep 27, 2011 5:06am
Quoting simmo24
Hi Maudur

I haven't posted here for a while, mainly because I was doing exactly what you were, reading the TMS thread and incorporating the TDI indi into my templates. Thanks for posting your buy/sell fibos. I'll try them asap.
You may want to look at the link below. Xaphod has mad some indicators for TDI that chart more smoothly.

http://www.forexfactory.com/showthread.php?t=294327
Thanks, I will review.
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  • #17,799
  • Sep 27, 2011 5:08am Sep 27, 2011 5:08am
Mmh...on IBFX RSI looks better as do TDI < 50 but green might touch red soon.

Quoting maudur
Andreas, will not know how your broker, but in mine the graph shows that in the TDI indicator green line goes up looking for the red cross and the RSI does not confirm this trend at all. Nor does the STO. I'd wait a bit to get everything confirm.
Attached Image (click to enlarge)
Click to Enlarge Name: nu.gif Size: 32 KB
  • #17,800
  • Sep 27, 2011 5:33am Sep 27, 2011 5:33am
Short in GBPUSD

Reasons:
- RSI point down
- STO(8,3,3) confirm RSI
- TDI, RSI Price Line (green) < Trade Signal Line (red)
- price has space to travel until it hits support on D1
- M15 candle confirm channel break
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 21 KB
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