Just trade the pullback you idiot!
3 Bar Fractal with mid-bar and bar on each side 11 replies
Change indicator narrow range bar NR4 to wide range bar WR4 0 replies
Range Bar Trading with Nexas 62 replies
How do I determine what size range bar is comparable to a daily bar? 6 replies
Pin bar, pin bar, pin bar 0 replies
DislikedNeither. I use a 5pip range chart. Works best for A/U. Size of range bar easy to work out. I used to trade 5 min charts. So I put ATR indi on 5 min chart set to 100. Came up with 5. Hey Presto! Works like a charm.Ignored
DislikedGreeting Nex & BataVier, nyc system Batavier please can you explain more on which orther indicators you use to trade with your system? I have attached to the cart and it comes up with the top and bottom lines. I have attached to range bar setting 5. Is this correct. How do I trade the system?Ignored
DislikedNote line A. Market making higher lows = uptrend.
Note Line B. Now a lower High = downtrend.
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DislikedMy System is different to Nexas. Thanks Nexas for allowing us to put other methods in your thread.
Put a simple 3 bar MA (set to close and shift it 3) on your chart. If the bar crosses the MA and closes the correct color take the trade. Scalping at it's most simple. SL behind the signal bar. TP up to you. If MA goes flat = sideways no trend no trade. Stop when your profit target for the day is reached and go play.
Take a look at my picture. Here's how I traded the Asian market today.
Range bars set to 5. Just use standard MT4 moving average...Ignored
DislikedOkay, I spent all day yesterday looking at this and decided to go forward with live forward test. Todays results were 6/7 positive trades. Total pips gained were 53 pips.
Nexas, again thank you for being so helpful.Ignored
DislikedNot sure either is to which higher lows you are speaking. I think you're talking about the 3m.a. having higher lows for a long entry. The only problem with this is since you have the 3 sma shifted right by 3, it will take 3 bars beyond your entry to confirm you actually are going to have a higher low on the average. If you're talking about higher lows on the bars then I really don't understand your long entry at 1 either.Ignored
DislikedAttached is an indicator I threw together that plots four horizontal lines on the chart, two above and two below current price. They mark the location where a new bar will open (and where the bar after that will open assuming it continues in the same direction). They slide up and down as the size of the current bar changes.
I use it so that I can better anticipate the opening of the new bar as well as to see where that open will be in relation to other indicators on the chart.
Attachment
The code looks to see what size your range...Ignored
DislikedI see your problems. I've been watching charts for a long time now. Instinct is now part of my trading. Helps me decide when to focus on long term trend or short term fluctuations. I'm basically a scalper by nature. Entry at 1 was market open for me. Saw overall trend was up. Expected this to continue. Why? If you shrink your chart and look left there was for me an obvious resistance zone that had not been broken effectively downward hence expected a rally, break up of 3X3MA confirmed this for me. 2nd trade also bounced of a...Ignored
DislikedHi B, thanks for the explanation, I am still confused, my sincere apologies any help with the basics http://www.forexfactory.com/images/icons/icon9.gif???Ignored
DislikedAttached is an indicator I threw together that plots four horizontal lines on the chart, two above and two below current price. They mark the location where a new bar will open (and where the bar after that will open assuming it continues in the same direction). They slide up and down as the size of the current bar changes.
I use it so that I can better anticipate the opening of the new bar as well as to see where that open will be in relation to other indicators on the chart.
Attachment
The code looks to see what size your range...Ignored
DislikedHello Wf,
I trade with range bar chart,Your indi seems very interesting and importent as we know charecterstics of range bar.I used your Indi,i think is not working properly on my chart,please check and please tell me what would be wrong on my chart.My R bar size is 10.Ignored
DislikedWhat symbol are you using? I'm not sure how it could be wrong since it is taking the actual size of the previous bar and using it to calculate the distance of the lines. Did you drop the indicator on the chart after setting the bars?
Attached is a version that will print the current range bar size to the Experts log so that you can see if the value makes sense.
GeorgeIgnored
DislikedSymbol is EUROUSD,yes I droped the indi after setting the bar.Is there any other procedure,please tellIgnored
DislikedWhat value printed in your experts log?
I've attached another version that allows you to manually set the range bar size. You have to set it in pips/points, not as the integer pip value. For example, 10 pips on a 5 digit broker would be 0.001. If you leave it at 0.0, it will calculate the pip value as before.
GeorgeIgnored