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1min Tricolour

  • #241
  • Jan 24, 2012 7:50pm Jan 24, 2012 7:50pm
Quoting ejohnston5
Can someone tell me where this 5 P/L indicator is located or what it is called. .....
Thx,
ej5
ej5,
You seem to be describing the Fib Tool.
Place it on the chart from the MT 4 Insert Menu, Fibonnacci, Retracement.
Insert it by a click on the Entry point and then drag to SL ( 1 pip from Hi/Lo of Trigger candle).
The properties must then be set by editing the Levels : SL=0, Entry=1, and TP levels 2,3,4,5,6.
Adding %$ on the Description line will bring up the actual price for each level.
EP
  • #242
  • Jan 24, 2012 9:29pm Jan 24, 2012 9:29pm
hehe
Attached Image
passion and discipline
  • #243
  • Jan 25, 2012 1:33am Jan 25, 2012 1:33am
Thats all for today. THX
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  • #244
  • Jan 25, 2012 2:32am Jan 25, 2012 2:32am
By the way, to all readers, this position was not a by the rules one.
Price should have been below the bottom MA as written in V2.
Sorry about that.

Quoting MickaelFx
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
  • #245
  • Jan 25, 2012 3:05am Jan 25, 2012 3:05am
Jesus, what a nice R/R !!!!!
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  • #246
  • Jan 25, 2012 3:28am Jan 25, 2012 3:28am
Quoting MickaelFx
Jesus, what a nice R/R !!!!!
Welcome to Tricoulour world.
If you are able to hold trade just to 1st TP (5%) that means you can make 156% return per month.
  • #247
  • Jan 25, 2012 5:03am Jan 25, 2012 5:03am
Yeah, you're right, but psychologically, I personnaly could not support to loose 15% of my account in 11 minutes.(Well, Not yet) No matter which big move after.

I'm gonna do some demo and go for 1 or 2% per cent live.Already really better than nothing else in my opinion.
Thanks for this great thread I'm gonna vouch for.

Quoting truchtzero
Welcome to Tricoulour world.
If you are able to hold trade just to 1st TP (5%) that means you can make 156% return per month.
Attached Image (click to enlarge)
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  • #248
  • Jan 25, 2012 8:59am Jan 25, 2012 8:59am
Quoting MickaelFx
Yeah, you're right, but psychologically, I personnaly could not support to loose 15% of my account in 11 minutes.(Well, Not yet) No matter which big move after.

I'm gonna do some demo and go for 1 or 2% per cent live.Already really better than nothing else in my opinion.
Thanks for this great thread I'm gonna vouch for.

Thats OK. You need 2 trades with 2,5% TP1 per day.
  • #249
  • Jan 25, 2012 9:36am Jan 25, 2012 9:36am
yeah, it's just amazing.
I've tried it all day long, and tried to follow the rules...
I've lost 2% but if I had taken my profit at TP1, it would have been a nice 3 winners..Waow

I'm still wondering how we have to deal with the envelopes.
Looks like for a long, the lower band has to be below the EMA's and the upper band above the EMA's in the PDF. (opposite for a short)
Is that a rule ? Am I overtrading ?

Thanks for your help !

Quoting truchtzero
Thats OK. You need 2 trades with 2,5% TP1 per day.
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  • #250
  • Jan 25, 2012 9:59am Jan 25, 2012 9:59am
Quoting MickaelFx
yeah, it's just amazing.
I've tried it all day long, and tried to follow the rules...
I've lost 2% but if I had taken my profit at TP1, it would have been a nice 3 winners..Waow
I have though about it many times and i decided to take TP1 (5%). But in some circumstances i close half on TP1 and watching what will be next. Sometimes second half is closed on 7-9% level, sometimes 1-3% level.
So i need only one more winning trade than loosing per day to have profit.
  • #251
  • Jan 25, 2012 10:02am Jan 25, 2012 10:02am
Quoting MickaelFx

I'm still wondering how we have to deal with the envelopes.
Looks like for a long, the lower band has to be below the EMA's and the upper band above the EMA's in the PDF. (opposite for a short)
Is that a rule ? Am I overtrading ?

Thanks for your help !
As Paulus said, you are right.
But in my observation many times when both envelope lines cross long term MA it is still good oportunity to trade.
  • #252
  • Jan 25, 2012 10:29am Jan 25, 2012 10:29am
Hello fans of this great system,
I try to use a slightly different MM: SL3pips, TP15pips RRR5 / 1, B +1 at 2 / 1 FIBO.
Nice morning trade
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  • #253
  • Jan 25, 2012 11:32am Jan 25, 2012 11:32am
Another one, but I did not take this, because London closed.
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  • #254
  • Jan 25, 2012 2:11pm Jan 25, 2012 2:11pm
I've actually done almost the same.For today,10 trades and 100% winners with
Sl:4pips+spread.
Profit taken at the first level.
You can always risk a little more if its not above or below the previous hi/lo...

I wanted to check that settings for the previous days but my simulator hasn't enough data...


Quoting renos
Hello fans of this great system,
I try to use a slightly different MM: SL3pips, TP15pips RRR5 / 1, B +1 at 2 / 1 FIBO.
Nice morning trade
  • #255
  • Jan 25, 2012 2:48pm Jan 25, 2012 2:48pm
I am attaching a chart of a simulated buy (Not a real signal) at the red line. I placed the fib tool on the chart at that point and then drug it down to what should be just below the previous swing low before the buy. The tool sets my entery point at 100. Is that correct? Then I just change that point in the editor to 0 or entry? The zero line becomes my SL line or is it the 61.8 line that becomes SL? The 161.8 and 261.8 become my TP1 and TP2? I apologize in that I have not used this tool before and could use some pointers. If followers don't want to discuss this here then I understand but would appreciate being pointed to a site or page that would better describe how to set this tool up.

ej5
Attached File(s)
File Type: doc Doc1.doc   103 KB | 321 downloads
  • #256
  • Jan 25, 2012 10:29pm Jan 25, 2012 10:29pm
I just took a long with the version 1 of the system, entry is at 1.3103 and stop at 1.3100, low risk of only 3 pips, let's see how it goes
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  • #257
  • Jan 26, 2012 12:49am Jan 26, 2012 12:49am
Just delete everything and add this level :

0/Sl
1/ Entry
2/ 5%
3/10%
4/ 15% or whatever you want.

I advise you to start with less than 5%. Just a thought.

Mickael


Quoting ejohnston5
I am attaching a chart of a simulated buy (Not a real signal) at the red line. I placed the fib tool on the chart at that point and then drug it down to what should be just below the previous swing low before the buy. The tool sets my entery point at 100. Is that correct? Then I just change that point in the editor to 0 or entry? The zero line becomes my SL line or is it the 61.8 line that becomes SL? The 161.8 and 261.8 become my TP1 and TP2? I apologize in that I have not used this tool before and could use some pointers. If followers don't want...
Attached Image (click to enlarge)
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  • #258
  • Jan 26, 2012 2:32am Jan 26, 2012 2:32am
Shit happens.
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  • #259
  • Jan 26, 2012 2:48am Jan 26, 2012 2:48am
Still looking good on EURUSD.
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  • #260
  • Jan 26, 2012 3:30am Jan 26, 2012 3:30am
I see on few posted charts that some of us stoch is adjusted to HIGH/LOW. It should be CLOSE/CLOSE.



It is ranging market today. It is hard to earn some money.
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