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Attachments: CICR system (Currency index cross referencing)
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CICR system (Currency index cross referencing)

Quoting leekaq
i am not good at explaining thing,,but each currency index needs one indi,,,so u have to copy the indi into different names.
Hi Leekaq,

I went through to the previous pages looking for who created the template and found that you made it. I am not good at computer so I do not understand what to do to make it right. Could you please fix it....
Here are the indies and the indicators again,, u should find 8 copy of the indi in the zip file,, hope this helps.
Attached File(s)
File Type: tpl index DB scalp.tpl   104 KB | 502 downloads
File Type: tpl index DB.tpl   158 KB | 500 downloads
File Type: zip DB indicators.zip   86 KB | 720 downloads
hi leekaq, do we close those trade now or we wait for macd line crossover? and also what tf do you use for scalping?
it is easy to solve

delete the objects for aud section either click and press delete over each objetc or delete them from objetcs list

1) Just copy the lawgirl indicator and rename copy (1) check in the pairs to trade when loading and delete / add the aud pairs

2) set the display x to 1150 Y leave 15

click ok
and save new template
Quoting leekaq
i am not good at explaining thing,,but each currency index needs one indi,,,so u have to copy the indi into different names.
I would want to make to know, for the satisfaction first of all of Capito and, for that of all the others that this thread follows, the results gotten in alone three days of trading, unfortunately only on an account demo.

I attach the statement without other comments.

I thank all and I wish to all the same results, obviously in real trading!

Frankalde
Attached File(s)
File Type: doc SIG_Statement_12ott11.doc   153 KB | 722 downloads
refer to Index DB scalp template, i check the RSI values in H1, H4 and D1. The best setup is when all 3 RSI pointing to 1 direction and with RSI values in green. I use M30 MACD to verify trend prior to entry..

Should we close the trade now?,,, i dont know.. i'm still figuring it myself. Rite now, i just set 50pips trailing stop with no TP. Capito did explained how in his post #1.. all related to MACD trend changing directions. He also mentioned on good setup normally he lets the trades run minimum 2 days.. Do today trades qualify as good trades and can last for 2 days...that's waht i am trying to figure out now...with +1200 pips already in pocket today alone, I am still knocking my head trying to figure out if I am dreaming..

Quoting radiant army
hi leekaq, do we close those trade now or we wait for macd line crossover? and also what tf do you use for scalping?
Quoting censura
it is easy to solve

delete the objects for aud section either click and press delete over each objetc or delete them from objetcs list

1) Just copy the lawgirl indicator and rename copy (1) check in the pairs to trade when loading and delete / add the aud pairs

2) set the display x to 1150 Y leave 15

click ok
and save new template
Censura,
I really do not understand what to do to make it right..... Sorry for my little brain.... Could you please post the new template? Thanks!
Quoting leekaq
[...]Do today trades qualify as good trades and can last for 2 days...that's waht i am trying to figure out now...with +1200 pips already in pocket today alone, I am still knocking my head trying to figure out if I am dreaming..
That is very good question. I closed morning trades already, too affraid to let them into US session.
And I also can not believe in those pips
“I made most of my money sitting on my hands.”
Here it is but you need to make sure you have 1 -8 of the copy lawgirl indicators here is (1) if you have it missing. Also you are best starting with a new chart do not use the old one as the objaects will be still on it


Quoting reindeer
Censura,
I really do not understand what to do to make it right..... Sorry for my little brain.... Could you please post the new template? Thanks!
Attached File(s)
File Type: tpl index DBfix.tpl   160 KB | 436 downloads
File Type: ex4 LawGirlsModCICR - Copy (1).ex4   13 KB | 392 downloads
Quoting censura
Here it is but you need to make sure you have 1 -8 of the copy lawgirl indicators here is (1) if you have it missing. Also you are best starting with a new chart do not use the old one as the objaects will be still on it
it works now.... thanks....
leekaq,thanks so for much for your assistance. but the DB scalping template does not work, maybe i didnt do it rightly i try it on sig trader and also on my other meta4 yet it doesnot, please put me through

thanks
if u copy all the indi files and template file in the appopriate SIG MT4 folders, then u should have no issue. Just create a new chart and apply the new template on it. Did u get to see the new template name in template pull down menu?

on 2nd thought i think we shouldnt explore on the scalping method yet as long we get 1 or 2 mega pip drive/week. jsut my 0.02pip worth of opinion..


Quoting radiant army
leekaq,thanks so for much for your assistance. but the DB scalping template does not work, maybe i didnt do it rightly i try it on sig trader and also on my other meta4 yet it doesnot, please put me through

thanks
Quoting leekaq
refer to Index DB scalp template, i check the RSI values in H1, H4 and D1. The best setup is when all 3 RSI pointing to 1 direction and with RSI values in green. I use M30 MACD to verify trend prior to entry..

Should we close the trade now?,,, i dont know.. i'm still figuring it myself. Rite now, i just set 50pips trailing stop with no TP. Capito did explained how in his post #1.. all related to MACD trend changing directions. He also mentioned on good setup normally he lets the trades run minimum 2 days.. Do today trades qualify as good trades...
Hey leekaq, hey guys,

just in case you missed it.
U have got the same bug in your scalping index template like it was in the indexDB.tpl before censura fixed it.
The indicator (1) for the AUDLFX is missing there too. I fixed it.
U need to have the "LawGirlsModCICR - Copy (1).ex4" file in your indi folder in order to get the tpl to work tho.

See Attachment.

Greetings,
tex.
Attached File(s)
File Type: tpl index db scalpfix.tpl   106 KB | 571 downloads
File Type: ex4 LawGirlsModCICR - Copy (1).ex4   13 KB | 568 downloads
thanks buddy,,blame it on Windows7..

Quoting tex
Hey leekaq, hey guys,

just in case you missed it.
U have got the same bug in your scalping index template like it was in the indexDB.tpl before censura fixed it.
The indicator (1) for the AUDLFX is missing there too. I fixed it.
U need to have the "LawGirlsModCICR - Copy (1).ex4" file in your indi folder in order to get the tpl to work tho.

See Attachment.

Greetings,
tex.
Ur welcome leekaq,

what do the green rsi values in the index tpl mean actually? Do they show the RSI is not in overbought / oversold area 30/70 ?
I think pricejust coming out from overbought/oversold area and that's the reason for the momentum...

Quoting tex
Ur welcome leekaq,

what do the green rsi values in the index tpl mean actually? Do they show the RSI is not in overbought / oversold area 30/70 ?
Today I have opened 10 positions in the morning, based on the readings of the system. Later in the afternoon(around 17:00 GMT, after the big run), I've opened another 12.
So, at this late hour, I got 22 GREEN positions.
This system is yet so simple, but purely magic.
Thank you, Capito!
I don't say
Quoting leekaq
refer to Index DB scalp template, i check the RSI values in H1, H4 and D1. The best setup is when all 3 RSI pointing to 1 direction and with RSI values in green. I use M30 MACD to verify trend prior to entry..

Should we close the trade now?,,, i dont know.. i'm still figuring it myself. Rite now, i just set 50pips trailing stop with no TP. Capito did explained how in his post #1.. all related to MACD trend changing directions. He also mentioned on good setup normally he lets the trades run minimum 2 days.. Do today trades qualify as good trades...
Nice job! Indeed 1200+ pips per day is a huge gain. Nevertheless, we must be realistic and admit that we can have not so good days, too. Anyway, for a quick recap, this is what I managed to understand so for according to your approach:
1. Check for RSI arrows on daily, 4H and 1H.
2. When all the three arrows are pointing in the same direction (either blue for up, or red for down) you go to next step:
3. Check and choose the best pair to trade from that index, taking indications from the 30M TF based on MACD (histogram) and EMA14.
4. Set a trail stop and let the trade run.

Ok... That seems to be all... Please correct me if I'm wrong. Thanks!
A good trade is when I Break Even. A great trade is when I Take Profit.
I use lower TF's like H1 and M30 to refine my entries, nut H4 is the main TF for entry.And Filter line(whatever MA is that) is a great point to enter(or reenter), in conjuction with MACD.

Quoting Cornelius
[font=Comic Sans MS][size=3][color=Blue]Nice job! Indeed 1200+ pips per day is a huge gain. Nevertheless, we must be realistic and admit that we can have not so good days, too. Anyway, for a quick recap, this is what I managed to understand so for according to your approach:
1. Check for RSI arrows on daily, 4H and 1H.
2. When all the three arrows are pointing in the same direction (either blue for up, or red for down) you go to next step:
3. Check and choose the best pair to trade from that index, taking indications from the 30M TF based on MACD...
I don't say
Hello to everybody!

I just started reading this thread and i'd love to give it a try on demo.
Since im still in a deep newbie zone I often get confused.

Just loaded the DB and started looking at RSI's:

http://img24.imageshack.us/img24/692...1012213035.jpg


As for being a begginer i'm not going to bother with 4h entry description since it looks more complicated. If id like to start the "easier" way when would be the best time to evaluate new trades for the day? Im on GMT+1 so the London open (or even 2-3hrs before it) is pretty comfortable.

If i understand correctly (and please tell me id im wrong) my best chances to get on the right side of the market will be when:

 

  1. its 6am GMT+1 and 3 index RSI are pointing the same direction (lets say im looking at UpTrend on USD)
  2. i search for USD pairs where 3 RSI are also in UT whre the RSI value is around / below 30 (on d1? h1? all of them?) and simply place a buy order?
  3. there is also the filter line thing which looks like some kind of mov.av. where i could wait for the price to cross it accordingly to my (ie. long) position on a lower TF (h4? h1? m15?)
  4. what about SL? Do you use any? Prev h1, h4 candle top/bottom for example?


While testing this method did you evaluate some setups of time, entry, exits rules that work bests?

In the meantime ill go back reading the rest and maybe ill wrap my head around those MACD rules and H4 entries as well.

Thanks for your help and patience.

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