On My Way To The Top

At a glance it does seem good...

BTW: in the combined Alerter I only include the new: BarTouchMaZone

Reason: if one wants the previous single MA touch - one could set both MA for the Zone to the same settings ( I just checked it) and it would behave like the single PriceTouchMa we had.

Of course there are more calculation resources - as it still calculates both Ma but I guess for the combined alerter this is good enough and gives the old option too.

I will still do a MTF version of BarTouchMaZone.


I have to see how things are - maybe I update the Tutorial zip file with the new BarTouchMaZone indi - so anyone who is interested can play with it - until I post all fixed and updated indicators.

if you refer to the catch Entry Alert I posted - you will have to star a bit and scroll with all the single alerter - I still think that the rules for D1, H1 Sto probably need to be changed to catch the most effective setups.

I did play a bit with higher Ob/Os levels which looked good. Also I added a H4,H1 subwindow ect...

but it needs some real hard screen work with the correct indi (in this scenario the correct indi is basically the one I did - sorry for that

maybe in the end your settings are still the best - not sure.


A oher thing I might one day try: is to use D1, H4, H1 all 3:

consider ObOs as UP/DOWN but make a rule that at least one of the 3 must be in the active area between in the right direction -- but not specify which one.


Have to do some thinking how to program that.


Basically if two are in Overbought and one of the three is in the normal Sto level zone with direction up I would consider it still up - has a small danger if D1 is in th between and H1,H4 are in overbought --- because our trading is on a quite small timeframe M5 - but anyway something like that.

Just some ideas I saw by scrolling the charts..

Uploaded the updated indi and template.
TUTORIAL TEMPLATE FOR Alerter Pmullin86 System__update.zip

see:http://www.forexfactory.com/showthre...44#post5087344

A Live test ( I don't trade it - live means looking at the chart with active tick data

So I don't care if it works out.

The rule for H1 would be slightly different - direction is down I checked in the Data Window manually.
(That's why you don't see the MTF-STo Alerter being blue: as you disregard the H1 below Os level 80.)

I'm not so sure I would take this trade (if I actively traded) mainly because price was moving quite a while more in a small range (nearly 8 hours) which I do not like to much for such a trade.

Also nearly a triple bouncing of that area below.

Additionally I did not look at any other TF which in real trading I would always consult.

But for fun as it looked from the sto quite nice



UPDATE 1: It nearly came down to R:R 1:1 but did not manage to hit the target. On a positive note the MA 100 did hold quite nicely as a resistance.

The longer blue bar also gives some small hopes that it might try again after finding resistance at the Ma 100 previously

some other points like the Rope Subwindow STO 14,3 Yellow was slightly lower peak than the previous

Second pic: did a smaller pic so one does not see the white writing on the subwindow so well.



UPDATE 2: no pic - just hit R:R 1:1 but not the target.


UPDATE 3: Target HIT

pmullin86,

do you have an statistic how long your M5 trades are open on average?

Hmmm...I don't really have a statistic as I've never really paid attention to that but I guess on average roughly somewhere between an hour or two long...

pmullin86 just a question from your trading:
would you say that something like such a trade happens - taking it so long ect... or is that a more unusual one if you compare it with your general approach?

BUT anyway: The Alerter was good to us again

After breaking below the triple small support line we are at approx 1:2 RR I guess

(Note this did not exactly follow pmullin86 use of the H1 MTf STO)


UPDATE second pic: all together it moved in our direction about 97pips with the initial SL of 25.4 pips - so a good trade.
Maybe it would go still further maybe not I want monitor it any longer

Its not unusual for it to play out this way...with the stochastics the way that we are looking to play on them usually has a good amount of momentum on our side in that given direction so price will a lot of times break through minor support levels within that same time frame and sometimes I will find that some instances do occur where price will bounce around a bit and sort of consolidate at times before breaking out because what will often times happen is price will be bouncing between the stacked moving averages which act as a dynamic trendline if we want to call it that and than it is bouncing back from support or resistance level forming triangles (consolidation patterns) until it eventually breaks out...but a lot of times I may get knocked out at break even and have to re-enter on the next impulsive move...

hmm there was a good example again today of something I wanted to get a little in depth about over the weekend but didn't have a chance to in regards to a little further info about daily fib levels/daily supply/demand levels, price, and the daily and 4 hour stochastics....hopefully I will be able to post some info some time soon but should help to have an overall idea of what price is trying to do at a given time to know how to handle particular situations or to have a forewarning before entering a trade and so on...like I said at some point I will get into it a bit further if I can remember...I guess thats why I'm kind of posting this as a reminder if I do kind of forget a bit...( getting older and my memory isn't like it used to be lol)

today proved to be interesting as I got some nice live info on mtf ma's and how price seems to work around it...very interesting stuff...and I would urge anyone to look into it a bit further...you never know about something unless you try it out...and make observations of your own...but there is a thin line between doing that and just confusing yourself...lol...so one should always know where to draw the line...

I didn't bother jumping back in the market today after closing out my trade but today proved to have some very nice entries...a wonderful trading day and I hope many made some good profits...lol MJ stumbled into profits on his test alone...lol...(nice work by the way MJ...you are proving just how effective the alerters truly are...)

maybe it would be interesting if you share a bit more - maybe there is something to be included in the combined alerter.

BTW: I added some ideas: http://www.forexfactory.com/showthre...27#post5088827

I'm not quite sure how to word it quite yet to really get nmore into the mtf ma stuff as its not a complete idea yet but it has something to do with the 50 sma stack of the 15 30 and 1 hour and the slope of the 15 and 30 50 period sma....price seems to respect these on the five minute quite well since as I noted before the 15m 50 period sma seems to outline the moves and price on the four hour quite closely creating a kind of indication of where the money is going if used in conjunction with whatever method for entry...I will try and post some charts a little later when I get home......

Opened a separate thread for the planned combined indicator:

MJ - MasterALERT - (System)s) http://www.forexfactory.com/showthread.php?t=323247

Mainly because out of it should develop a number of systems where the Alerter is used for.

The MasterALERT will probably take some time:
but I guess for anyone who is really interested there is enough material and ideas around to be active.
Also the Tutorial template with the single indicators I posted should give a good starting point to play if one is really interested.

Anyway: I had a cool idea. I will try to implement the MasterAlert - so that each SubAlert condition could also be plotted like a Single alert.

Not sure if I get my head around and it actually works out.

But if: one could sue the one MasterAlert -- to also plot the single SubConditions in defined EmtySubWindows somewhat similar like the template I created in my indi thread.

At the moment I think it would be best to limit it to only VLine SubAlerts - no point to get millions of mails or Sound alerts.

But I guess it would be rather useful to have such option.


Anyway: just something to look for if I can get it work

eur short daily fib as target... made 7% and took aud short for total of 8% total between both about 135 pips...

pmullin86 nice trading day again

hi I have a short question: what are the new MAs I see.

Would be nice if you define each of the 6 so I know which one is which!

Also maybe if you have some ideas how you plan to use them together -- just always curious and gathering ideas what might be useful to include in the MasterALERT.


On this point: Do you think it would be a good idea to include something like a pivot, or daily fib condition:
if so - what would be the scenario to trigger a wake up Alert.


Thanks.

Thanks... The solid ma's are the mtf ma's all a 50 period sma so the blue is 15 minute 50 sma red is 30 minute 50 sma and yellow is one hour 50 sma...and than with the dotted ma's these are also sma's and just the 50 (blue) 100 (red) 200 (yellow) and if you could include price at pivot with three stochs in same direction that would be great and 4th stoch above/below certain level...

note...as far as the ma's just playing with different ideas...

So you changed all to SMA.

1.
Anyway about the MTF SMA: do you have any condition for them how you use them (maybe a bit early to ask)

Do you also plan to use them stack in Order ?

e.g. with the existing indi this would not be possible - but I can implement something like that?


2.
if you could include price at pivot

Not sure: is that similar as we did with price touch MA.

So if Price touches the daily pivot? (I use chart bar to be consistent with Past data.)

Only the pivot line or the other support, resistance too?