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1min Tricolour

  • #221
  • Jan 23, 2012 1:23pm Jan 23, 2012 1:23pm
I hate to sound like a dumbass that can't use the search button, but when searching I found an enormous amount of information that was close but not quite what I wanted.

How can you set the fib extension tool to the defaults that we use on this system? (the labels and levels 5%, 10%, etc.)

I'm on IBFX MT4, everything I've done makes it reset each time.

Thanks in advance.
  • #222
  • Jan 23, 2012 1:56pm Jan 23, 2012 1:56pm
Quoting PipJaeger
I hate to sound like a dumbass that can't use the search button, but when searching I found an enormous amount of information that was close but not quite what I wanted.

How can you set the fib extension tool to the defaults that we use on this system? (the labels and levels 5%, 10%, etc.)

I'm on IBFX MT4, everything I've done makes it reset each time.

Thanks in advance.
Hi;
Attached File(s)
File Type: pdf 1min Tricolor V2.pdf   913 KB | 500 downloads
  • #223
  • Jan 23, 2012 2:05pm Jan 23, 2012 2:05pm
Quoting chaveznqoos
Hi;
Yes, I read that, but nowhere does it say how to SAVE the level settings. At least my MT4 doesn't keep the levels. Is it supposed to automatically?
  • #224
  • Jan 23, 2012 5:43pm Jan 23, 2012 5:43pm
Quoting truchtzero
Wow. Anybody is still holding this long trade?

Wow - i took my profit at 10% (with 2.5% risk) - looks like i should have held on.

I won't complain though - the power of v2 lies in the fact that when the trade is profitable - you have essentially got into the trade very close to the beginning of a new trend.

The old adage is that you should be satisfied if you catch half of any move. It is much easier to catch half the move if you are into the trade near the beginning of the trend!
Enter Signature
  • #225
  • Jan 23, 2012 9:15pm Jan 23, 2012 9:15pm
Hi truchtzero
thanks for the chart info, it is helping learn the system
I was wonder how do the luktom Visual order Editor work, does it plots line of SL and TP once you input u SL and TP and you should be able to move those lines to change TP and SL

thanks
Desiboy
  • #226
  • Jan 24, 2012 2:31am Jan 24, 2012 2:31am
luktom Visual order Editor

You can adjust you SL and TP in this EA. Both lines are plotted on chart and what is most important you can move SL and TP levels with your mouse. So it is so easy to manage this levels. You can download EA from here:http://pl.luktom.biz/Page/46/luktom-visual-order-editor.
It is free tool.
My trades.
Attached Image(s) (click to enlarge)
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  • #227
  • Jan 24, 2012 5:47am Jan 24, 2012 5:47am
Quoting Paulus
Ive been having good success with version 2 all this week
....
P
Thanks Paulus for sharing your 1Min Tricolor System.
Looks like a good opportunity to enter was missed because the 63MA was below 165Ma, even though the StocH and Envelope satisfied the Ver 2 rules.
Is my understanding of the rules correct, or could it have been a possible entry?
EP
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  • #228
  • Jan 24, 2012 7:57am Jan 24, 2012 7:57am
hello frieds!

i just wanna share my morning trade, the chart looks kind of strange but the trade was made of 1m tricolour.

have a good one mates!!
Attached Image
passion and discipline
  • #229
  • Jan 24, 2012 10:27am Jan 24, 2012 10:27am
Quoting rohule
hello frieds!

i just wanna share my morning trade, the chart looks kind of strange but the trade was made of 1m tricolour.

have a good one mates!!
nice trade. congrats
  • #230
  • Jan 24, 2012 10:54am Jan 24, 2012 10:54am
I have a deep respect for Paulus since over at the 123 thread... This will probably be my one and only post as this is not and will not be my main trading method and well quite frankly trading and working a full time job keep me pretty busy plus I spend time on another forum working with traders that trade my main method...

However because of the history Paulus has of offering up some nice methods I decided to give this a shot on my live account. I don't really have a "scalping" method for trading the 1min TF.

I loaded up all the indi's on the 1min Oil chart last night and low and behold around 9:30AM my time (right around NY market open) a nice set-up occured.

Long story short rode it down trailing the SL and got taken out at 15%. Not bad for my first ever trade on this method.

Way to go Paulus easy to understand and implement!
Attached Image (click to enlarge)
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Today's zone = Tomorrow's opportunity!
  • #231
  • Jan 24, 2012 1:14pm Jan 24, 2012 1:14pm
Ok to prove to myself it wasn't a fluke I have taken another trade (a long on Oil earlier which gave me 5% after hitting 10%)...

Here is trade 3 that I will take if the entry triggers.

Good stuff here Paulus...
Attached Image (click to enlarge)
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Today's zone = Tomorrow's opportunity!
  • #232
  • Jan 24, 2012 1:31pm Jan 24, 2012 1:31pm
Hello,

Took thhis trade this morning only with stoch. Everything was fine, but only got 2 pips, because I had to leave.It was good for at least 10%.

Very good entries with range bars and stoch.
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  • #233
  • Jan 24, 2012 1:51pm Jan 24, 2012 1:51pm
Quoting pres78
Ok to prove to myself it wasn't a fluke I have taken another trade (a long on Oil earlier which gave me 5% after hitting 10%)...

Here is trade 3 that I will take if the entry triggers.

Good stuff here Paulus...
The trade triggered and hit 5% retraced and took me out at BE... not a fault of the system... bad time of day to take a new trade...

Just test driving
Today's zone = Tomorrow's opportunity!
  • #234
  • Jan 24, 2012 2:23pm Jan 24, 2012 2:23pm
Quoting pres78
....

I loaded up all the indi's on the 1min Oil chart last night and low and behold around 9:30AM my time (right around NY market open) a nice set-up occured.

...
Way to go Paulus easy to understand and implement!
Hi pres78,
Just looking at your entry there, and it is very similar to chart in my previous post above.
To me it was not a valid entry because the 63Ma, was not above 165Ma as per the rules. Also with your later trades.
So, I'm not sure if I understood the rules correctly, or did you decide to take the trade based only on the Stoch.
Good work anyway!
EP
  • #235
  • Jan 24, 2012 2:30pm Jan 24, 2012 2:30pm
Quoting EaglePip
Hi pres78,
Just looking at your entry there, and it is very similar to chart in my previous post above.
To me it was not a valid entry because the 63Ma, was not above 165Ma as per the rules. Also with your later trades.
So, I'm not sure if I understood the rules correctly, or did you decide to take the trade based only on the Stoch.
Good work anyway!
EP
Both trades I posted charts for were shorts so the 63 was below the 165 per the V2 rules.
Today's zone = Tomorrow's opportunity!
  • #236
  • Jan 24, 2012 4:02pm Jan 24, 2012 4:02pm
Hi there,

Thanks to Paulus fos sharing this method which sounds amazing.
I've DL the range bar and installed it into the script folder to compare results between it and candles.
Either I do something wrong or it doesn't work, cause I only got the message below :
Are you sur to apply the rangebar, blablabla, click on yes, and nothing happen.

I also got like a problem with my Fib tool (see pic)..I'm not a mathematicien for sure..Either My SL or my Entry is not at the right place..
Thanks to all
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  • #237
  • Jan 24, 2012 4:05pm Jan 24, 2012 4:05pm
Quoting pres78
Both trades I posted charts for were shorts so the 63 was below the 165 per the V2 rules.
Sorry. Did not notice your entry on left side of the chart!
EP
  • #238
  • Jan 24, 2012 5:12pm Jan 24, 2012 5:12pm
Not entirely happy with the use of 5% risk with this system - as it may be teaching noobs bad habits.

Then again if i used that level of risk i would have been up 15% last night rather than only 7

;-)
Enter Signature
  • #239
  • Jan 24, 2012 7:12pm Jan 24, 2012 7:12pm
Can someone tell me where this 5 P/L indicator is located or what it is called. I see truchtzero recommending a click and move EA but I don't see an EA on anyone elses chart. I would like to have the indicator. Usually all the indicators from a system are in post 1 but I did not see it there and it doesn't appear when I use the template.

A gentle shove in the right direction would be appreciated. I have become a believe in the % risk/reward instead of pip counts. Basically if you risk 2-3% of your account balance each trade you could trade for a very long time before blowing an account. I see this as a future key I will use for money management.

Thx,
ej5
  • #240
  • Jan 24, 2012 7:26pm Jan 24, 2012 7:26pm
Quoting ejohnston5
Can someone tell me where this 5 P/L indicator is located or what it is called. I see truchtzero recommending a click and move EA but I don't see an EA on anyone elses chart. I would like to have the indicator. Usually all the indicators from a system are in post 1 but I did not see it there and it doesn't appear when I use the template.

A gentle shove in the right direction would be appreciated. I have become a believe in the % risk/reward instead of pip counts. Basically if you risk 2-3% of your account balance each trade you could trade...
for that, just modify the Fibo Retracement tool as follow:

0 - SL
1 - EP
2 - 5%
3 - 10%
4 - 15%

Pls refer to the V2 doc
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