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  • #701
  • Dec 2, 2011 3:05pm Dec 2, 2011 3:05pm
X-Man, Just want to say thank you for shareing your systems with us! I'm trying hard to master it through yor and everyone else's post. Again thanks and the best to you!
Enter Signature
  • #702
  • Dec 2, 2011 3:51pm Dec 2, 2011 3:51pm
Hi all,

Looks like USD JPY has an downtrend SHI and a wedge, expect it to go down soon?

Hilary
  • #703
  • Edited 5:33pm Dec 2, 2011 5:21pm | Edited 5:33pm
Quoting spyderman
Okay guys, I need your help testing this.

I played around with the code on the Sonic channel we're using and inserted the alert part of the other indicator I found.

It's showing on the screen correctly and the inputs look right. It compiles with no errors in MetaEditor.

Take it for a spin and see if the alert works for you.
Spyderman,
I have attached the new signal indi you worked on, but it appears something is wrong. The chart on the left has the original indi for the channel, and the one on the right is the indi you worked on with the signal. Notice how the channel goes down on the original one, and up on yours. It appears that the original is drilled down to 4H chart, and when I go to a higher time frame, it does show the same as you tweaked indi. Am I looking at something wrong? Just letting you know. Thanks for the work you put in on the indi.
Attached Image (click to enlarge)
Click to Enlarge Name: 2 different eu 4h charts.jpg Size: 97 KB


Fitness
  • #704
  • Dec 2, 2011 5:45pm Dec 2, 2011 5:45pm
Quoting lostfx
Hi, guys!

Can somebody make indicator, so when price touches SHI channel, it will send an email alert? It would be very helpful. Or setup some kind of alert indicator that would combine price touching channel and TDI.

Thanks,

lostfx
Hi guys...as i read above you are lookng for something which will give alerts when the price touches the channel...i have an indicator which drwas lines on the screen....red and blue lines and u can move them anywhere on the screen and adjust it as u like...and it gives alert when the price touches them...

On the other hand i hope you all know that SHI repaints and manually drawn channels are much more relieble than SHI channels...Be sure !!! the integrated tool in metatrader (equidistant channel) whcih you draw on the last completed wave (high+low+high or low+hign+low) will give you a better swing trade opportunity...and if the channel is broken...then according to the famous physics theory the reaction will be equal to the action...so the price will travel the same width of the channel in the opposite direction...This is my idea which i use manually to decide the target...anyway..here is the alert indicator...
Attached File(s)
File Type: mq4 PriceAlert_Ver_1-2.mq4   8 KB | 697 downloads
File Type: ex4 PriceAlert_Ver_1-2.ex4   5 KB | 623 downloads
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #705
  • Dec 2, 2011 6:11pm Dec 2, 2011 6:11pm
So, i'll be following this thread!
Thanks X-man for starting this thread and sharing his method with us.

OK, here is the short i took, so it bounced off the daily and hit the 60 ema, i took a short and set a stop loss as seen in the screenshot.....
Now i wasn't there to take the trade, i set an order as i had to sleep,
it hit it and then just reversed after the nfp annoucement...
maybe my stop is a bit too tight?
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf1.gif Size: 28 KB
  • #706
  • Dec 2, 2011 6:18pm Dec 2, 2011 6:18pm
Quoting Fitness09
Spyderman,
I have attached the new signal indi you worked on, but it appears something is wrong. The chart on the left has the original indi for the channel, and the one on the right is the indi you worked on with the signal. Notice how the channel goes down on the original one, and up on yours. It appears that the original is drilled down to 4H chart, and when I go to a higher time frame, it does show the same as you tweaked indi. Am I looking at something wrong? Just letting you know. Thanks for the work you put in on the indi.
Attachment

Fitness...
Fitness,

I have the indi set to display the daily channel on the 4h chart. That's the way Xman designates trading the swing. If you want to adjust it just edit the indi and select which time frame you want on the input tab under the "timeframe" line.

Here's a pic posted earlier by Erebus on the dialog box.

Let me know if the alert works and make sure you set how many pips away from channel you want alert
Attached Image (click to enlarge)
Click to Enlarge Name: shi_set_1.png Size: 194 KB
  • #707
  • Dec 2, 2011 7:01pm Dec 2, 2011 7:01pm
anyway.. i watch daily chart with daily channel... its more convenient to see when ll be possible bounce from channel.. when i found it.. i drop tf on 4h tf.. for
early enter. ;]
  • #708
  • Dec 2, 2011 7:05pm Dec 2, 2011 7:05pm
GUYS ITS RLLY GOLD MINE!!! SWING TRADING!!! YOU LL BE RICH!!! ITS VERY EASY!! You will can implement your dreams!!! TRADE WITH CLEAR HEAD!!! AND WITH GOOD MM!!! AND YOU LL BE IN 5% WHO EARN IN FOREX!!!

sorry for bad english
  • #709
  • Edited 8:30pm Dec 2, 2011 7:16pm | Edited 8:30pm
Quoting spyderman
Fitness,

I have the indi set to display the daily channel on the 4h chart. That's the way Xman designates trading the swing. If you want to adjust it just edit the indi and select which time frame you want on the input tab under the "timeframe" line.

Here's a pic posted earlier by Erebus on the dialog box.

Let me know if the alert works and make sure you set how many pips away from channel you want alert
Great thanks! In the first tutorial, X wasn't specific in stating that it was the Daily channel being used on the 4H chart. After looking at everything, and reading more, it makes more sense now. I will test it out and let you know how it works. Here's another question though, there is a upwards channel on the daily and a downwards channel on the 4 hour. What are we thinking here?

I am back to forex again after getting burned pretty bad by someone who was trading with a black box. Thanks for the help on this.
  • #710
  • Dec 2, 2011 8:50pm Dec 2, 2011 8:50pm
Quoting spyderman
Ya gotta be careful about recommending brokers. Everyone's got a different set of parameters. Some allow US traders some don't. Some charge commissions, some go just of spread (some great spreads, some lousy). You can always google "forex broker reviews". There are some good review sites but some shady ones too. Such is the trading rule.

You can PM me if you like and I'll mention a couple of broker's I have live accounts with but don't want to muck up the thread with that.
thanks , i wil look at broker reviews (cant pm yet cos i am junior member)also thanks to lazy lobster
  • #711
  • Dec 2, 2011 8:58pm Dec 2, 2011 8:58pm
Quoting spyderman
Okay guys, I need your help testing this.

I played around with the code on the Sonic channel we're using and inserted the alert part of the other indicator I found.

It's showing on the screen correctly and the inputs look right. It compiles with no errors in MetaEditor.

Take it for a spin and see if the alert works for you.
Spyderman thanks a lot. Will it send alert via email as well?

Lost
"All good things come to those who wait..."
  • #712
  • Dec 2, 2011 9:50pm Dec 2, 2011 9:50pm
  •  fivex
  • | Joined Sep 2011 | Status: This is the title that appears | 247 Posts
SHI with an alert, It is also on post #93 of this thread. Thanks DL4HAO

http://www.forexfactory.com/attachme...9&d=1322381192
  • #713
  • Dec 2, 2011 10:08pm Dec 2, 2011 10:08pm
Hi X,

Thanks for this wonderful system. It has been great

May I know what does the blue circle with a dot in middle means for EU/GB? Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: EU-GB.JPG Size: 131 KB
  • #714
  • Dec 2, 2011 11:45pm Dec 2, 2011 11:45pm
Quoting Raa
GUYS ITS RLLY GOLD MINE!!! SWING TRADING!!! YOU LL BE RICH!!! ITS VERY EASY!! You will can implement your dreams!!! TRADE WITH CLEAR HEAD!!! AND WITH GOOD MM!!! AND YOU LL BE IN 5% WHO EARN IN FOREX!!!

sorry for bad english
I don't mean to be rude here but swing trading and TL is not something new but as old as hills. There is no doubt that in swing trading big bucks can be made BUT if swing trading was that easy every trader would have been a millionaire.

I am not sure how many years of data you have backtested on this system. However, if you are relying on visual backtesting than beaware in visual testing we only see what we would like to see.

Just something to think about.

Trade well and many green pips to you.
Forex is boring but profitable with patience and discipline
  • #715
  • Dec 2, 2011 11:48pm Dec 2, 2011 11:48pm
Quoting lostfx
Hi, guys!

Can somebody make indicator, so when price touches SHI channel, it will send an email alert? It would be very helpful. Or setup some kind of alert indicator that would combine price touching channel and TDI.

Thanks,

lostfx
thats sounds like a plan.
We should get a coder here and should cook us something .
How about this , we get an alert when PA touches the shi channel and when pa touches the 60 EMA.
That would be brilliant
X-man the legendary conqueror of markets
  • #716
  • Dec 2, 2011 11:50pm Dec 2, 2011 11:50pm
Quoting hale-mary
I know this was mentioned once before, BUT I still dont understand. Phx62 enters on a 15 min and maitains his position on 1 hour if i am not mistaken.

So does he or any of you that follow that entry style, enter before the 1 hour gives a cross-over signal? What do you look for in the candles on 1 hour that gives the clue to check 15 min. Although the pull-back entry I think was explained. I still dont get it
from what i know is that phx62 only enters on the 15m charts sometimes and not all the time.
Most of his entries are based on the 1H chart.
X-man the legendary conqueror of markets
  • #717
  • Dec 3, 2011 12:02am Dec 3, 2011 12:02am
  •  fivex
  • | Joined Sep 2011 | Status: This is the title that appears | 247 Posts
Quoting fivex
SHI with an alert, It is also on post #93 of this thread. Thanks DL4HAO

http://www.forexfactory.com/attachme...9&d=1322381192
Go to settings and turn alert to True.
Doing so on either V results are the same, when you get a "blue circle" its either testing or penetrating the upper or lower SHI and will trigger an alert.
  • #718
  • Dec 3, 2011 12:04am Dec 3, 2011 12:04am
Wow! This thread is growing quickly.

X-Man - I've a couple of questions for clarification in my own mind for you if you don't mind?

Hourly method trading times - you start looking at the market just before 6AM UK time at the moment (Frankfurt open)? During the summer months this will shift by 1 hour here I think to 5AM.

When you see TDI crossing do you cross on the bar 'live' or do you wait for a closed bar, on the hour with a confirmed TDI cross before entering? If it's on a live bar what do you look for in its formation i.e. over the 4EMA and no tail on it's open or do you look for OEF (opposite extreme first)? Are you taking it straight away or waiting for it to breach the hi/low of the previous bar or the range?

Do you often get caught by the fake-out?

Stops to break-even (and risk getting stopped out by the pullback again and again) or leave stops where they are?

Once in the breakout trade you close before New York opening - i.e. the lunchtime session where it generally goes flat.

You then look for a trade set-up as above for the New York open and hold until volume dissipates?


Thanks
  • #719
  • Dec 3, 2011 12:19am Dec 3, 2011 12:19am
Quoting tillandran
Hi X,

Thanks for this wonderful system. It has been great

May I know what does the blue circle with a dot in middle means for EU/GB? Thanks
I have seen those circles before and dont really know what it means.
I dont pay much attention to it when it happens.
X-man the legendary conqueror of markets
  • #720
  • Dec 3, 2011 12:28am Dec 3, 2011 12:28am
Quoting prftablefool
I don't mean to be rude here but swing trading and TL is not something new but as old as hills. There is no doubt that in swing trading big bucks can be made BUT if swing trading was that easy every trader would have been a millionaire.

I am not sure how many years of data you have backtested on this system. However, if you are relying on visual backtesting than beaware in visual testing we only see what we would like to see.

Just something to think about.

Trade well and many green pips to you.
LOL i dont think he meant it like that because everyone knows that in swing trading you can make lots of pips.
Its just that most traders dont know how to hold a trade for so long. So i have shown a system that gives you a sense on indication of where PA will go and 70% to 80% of the time PA will go in that direction.
X-man the legendary conqueror of markets
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