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Fratelli Intraday trading system

  • #321
  • Nov 20, 2011 1:00am Nov 20, 2011 1:00am
Quoting daytrade5
Here is an indicator that I have been using to allow me to quickly enter my stop orders. It will automatically display a price panel (including the 3pip buffer) above or below the Close depending on whether the previous candle Close was above or below the the previous candle Open.
does it open trade based on where the line is on the chart, because i dont like pending orders, with spread differences etc u could get in on a sell, but price on the actual chart only moved down 1 pip rather than 3, if u get what im saying.
  • #322
  • Edited 4:45am Nov 20, 2011 1:19am | Edited 4:45am
Quoting daytrade5
Here is an indicator that I have been using to allow me to quickly enter my stop orders. It will automatically display a price panel (including the 3pip buffer) above or below the Close depending on whether the previous candle Close was above or below the the previous candle Open.
hi daytrade5,

edit: I misunderstood one of the rules that we would place order according to the body of the candle. so, there is no problem about the indy as I criticised...

by the way, I had seen a script (actually 2, 1 for buy and 1 for sell) in 5m scalp thread which would place pending orders according to the high/low of the previous candle+buffer. the difference with this strategy that it was calculating the SL/TP points according to the size of the previous candle. can anyone code something like that with a fixed SL/TP setting (which we may enter as a variable), that we could drag and drop it on the chart when the candle was closed and it would automatically enter a stop order with appropriate SL/TP values. I think it would be of help.

ismail...
  • #323
  • Nov 20, 2011 1:26am Nov 20, 2011 1:26am
Quoting leonardo25
Before the Fratelli released version 1.2 of the system, I wonder if anyone has an expert advisor that automatically puts stop loss, take profit and also the break even. If you can please share, it helps me a lot.

Thanks!
hi leonardo25,

I think these would help. You can get how they work from the settings, otherwise please search from the ff home page or google.

ismail...
Attached File(s)
File Type: mq4 Multi purpose trade manager.mq4   106 KB | 344 downloads
File Type: mq4 Swiss Army EA v1.51.mq4   23 KB | 324 downloads
  • #324
  • Nov 20, 2011 1:46am Nov 20, 2011 1:46am
Quoting isengoz
hi daytrade5,

thanks for your contribution, however this indicator calculates the price label according to the close of the previous candle while we need it to show the price according to the high/low of the previous candle+buffer. it may need some change in the code to show both high/low price of the previous candle+buffer in order for us to use it efficiently.

by the way, I had seen a script (actually 2, 1 for buy and 1 for sell) in 5m scalp thread which would place pending orders according to the high/low of the previous...


The rules for entry are not at the high or low of the signal candle, but at the close of the candle. I was advised about this earlier in the thread. Correct me if I'm wrong.... Or maybe I'm misunderstanding?

Peace
  • #325
  • Nov 20, 2011 2:42am Nov 20, 2011 2:42am
Quoting deankenny21
does it open trade based on where the line is on the chart, because i dont like pending orders, with spread differences etc u could get in on a sell, but price on the actual chart only moved down 1 pip rather than 3, if u get what im saying.
It's impossible to get a sell order filled (@ -3 pips) because of the spread if price moved down just 1 pip. The candles in MT shows the BID price.

E.g.: if you want to sell @ 1.3500 and you have a 2 pip spread you must have the low of the candle touch 1.3500 to fill your order.

It's true the opposite, because if you put a buy order @ 1.3500 it could be filled because of the spread also if the upper of the candle doesn't touch 1.3500....

Regardin pending vs. market orders, I think the second are worst if we work on breakouts. Because of slippage and/or requotes you could be filled very far away from your 3/4 pips breakout. In 10 min TF & going for 15/20 pips it could be very dangerous
  • #326
  • Nov 20, 2011 2:44am Nov 20, 2011 2:44am
Quoting Rahimseven
The rules for entry are not at the high or low of the signal candle, but at the close of the candle. I was advised about this earlier in the thread. Correct me if I'm wrong.... Or maybe I'm misunderstanding?

Peace
I'm still waiting for Peter's answer about it.... But he said answering my post he's gonna releasing V2, with new rules... so we must wait to know the thruth....
  • #327
  • Nov 20, 2011 2:48am Nov 20, 2011 2:48am
Quoting leonardo25
Before the Fratelli released version 1.2 of the system, I wonder if anyone has an expert advisor that automatically puts stop loss, take profit and also the break even. If you can please share, it helps me a lot.

Thanks!

You can use one of these too
Attached File(s)
File Type: mq4 visual order editor.mq4   12 KB | 282 downloads
File Type: ex4 THV4 CaveManager v1.3.ex4   34 KB | 246 downloads
  • #328
  • Nov 20, 2011 4:28am Nov 20, 2011 4:28am
Quoting Rahimseven
The rules for entry are not at the high or low of the signal candle, but at the close of the candle. I was advised about this earlier in the thread. Correct me if I'm wrong.... Or maybe I'm misunderstanding?

Peace
taken from the manual: "When these happen we put a pending order long 4 pips above the body of the closed signal candle". You are right, my mistake from a habit of an older method I was trading before. Thanks for the warning...

ismail...
  • #329
  • Nov 20, 2011 6:36am Nov 20, 2011 6:36am
I sent you a PM yesterday.

Hope to hear from you.

Peter
  • #330
  • Nov 20, 2011 7:06am Nov 20, 2011 7:06am
Quoting Aztrader2
It's impossible to get a sell order filled (@ -3 pips) because of the spread if price moved down just 1 pip. The candles in MT shows the BID price.

E.g.: if you want to sell @ 1.3500 and you have a 2 pip spread you must have the low of the candle touch 1.3500 to fill your order.

It's true the opposite, because if you put a buy order @ 1.3500 it could be filled because of the spread also if the upper of the candle doesn't touch 1.3500....

Regardin pending vs. market orders, I think the second are worst if we work on breakouts. Because...
on my testing i have bee doing market orders, on live account too, never had a requote, and the results are good for me so far
  • #331
  • Nov 20, 2011 7:16am Nov 20, 2011 7:16am
Quoting deankenny21
does it open trade based on where the line is on the chart, because i dont like pending orders, with spread differences etc u could get in on a sell, but price on the actual chart only moved down 1 pip rather than 3, if u get what im saying.
Nope....doesn't open the trade. Simply shows you were to place the pending order.
"Amat Victoria Curam" Victory Loves Preparation
  • #332
  • Nov 20, 2011 7:22am Nov 20, 2011 7:22am
Quoting fratelli
I sent you a PM yesterday.

Hope to hear from you.

Peter
I answered your PM. Didn't saw it before......
  • #333
  • Nov 20, 2011 7:24am Nov 20, 2011 7:24am
Quoting deankenny21
on my testing i have bee doing market orders, on live account too, never had a requote, and the results are good for me so far
Ohhhh what a lucky guy.....!
  • #334
  • Nov 20, 2011 7:46am Nov 20, 2011 7:46am
Quoting Aztrader2
Ohhhh what a lucky guy.....!
ive only experienced requotes in "abnormal" trading such as news times, tv events etcetc

but with Fratelli we are always trading under standard conditions
  • #335
  • Nov 20, 2011 9:16am Nov 20, 2011 9:16am
new rules is sent to couple off people here for reading and look for confusing things


I hope soon to have there answer back to me

After that I can release the new version 1.2

Peter
  • #336
  • Nov 20, 2011 9:28am Nov 20, 2011 9:28am
Quoting fratelli
new rules is sent to couple off people here for reading and look for confusing things


I hope soon to have there answer back to me

After that I can release the new version 1.2

Peter
Very interested, thanks again for your work.
Small disciplines repeated with consistency lead to great achievements.
  • #337
  • Nov 20, 2011 10:31am Nov 20, 2011 10:31am
Just read this thread. Will test this system coming week.
Waiting for the launch of v2. Feels like lining up at the apple store, waiting for ipad2.
Pivot Boss in the making~
  • #338
  • Nov 20, 2011 10:33am Nov 20, 2011 10:33am
Why don't you/we just openly post our ideas? The more have access to it, the more it can get tested/improved. You can just state that it's not final yet, you should not use it on a live account and it's for testing purposes only for now, you know what I mean
  • #339
  • Nov 20, 2011 11:03am Nov 20, 2011 11:03am
OK guys hang tight, some final rules being added to the Word document, and pictures etc, and we should be ready to release v1.2
  • #340
  • Nov 20, 2011 12:16pm Nov 20, 2011 12:16pm
Quoting deankenny21
OK guys hang tight, some final rules being added to the Word document, and pictures etc, and we should be ready to release v1.2

Standing by...
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