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Buy sell line trading

  • #961
  • Mar 26, 2012 1:46pm Mar 26, 2012 1:46pm
Quoting JayCee007
I am going to demo the system for a month taking signals from 8 currencies. I chose various currencies and tried not to pick one that had a close correlation moving in the same direction.

Would this be a good set to start with?

EURUSD
USDJPY
USDCAD
EURGBP
CADJPY
GBPJPY
AUDCHF
NZDUSD

Is there a universal set of currencies that should be traded with this system?
i would have AU and EJ in there too, other than that it looks good... i hate EG though....

You want a good mix so you can nearly always find something thats trending and giving easy pips..

Thats not a bad selection though..
tradewith60
  • #962
  • Mar 26, 2012 1:52pm Mar 26, 2012 1:52pm
Quoting fxtr51
EAs must be enabled in the settings of your Mt4 platform.

First I show you how the chart should look and then how the general settings on Mt4 should look like:

http://i.imgur.com/rfWWa.jpg

http://i.imgur.com/EfspY.jpg

It should not crash your Oanda Mt4 platform.
Please test it on a demo account.
It will not work on the normal Oanda platform, only on Mt4 platforms.
I got the smiley face on my Oanda MT4 platform. However, it is still crashing within about 10 seconds every time I start it. I have nothing else on the charts except a 50 SMA. No other indicators...
  • #963
  • Mar 26, 2012 2:06pm Mar 26, 2012 2:06pm
I have been following this thread silently for some time. I liked the simple (no indicator) approach of the system. Lot of threads in Forex Factory die because of EA discussions in the main thread. I only hope that this thread survives. Please don't misunderstand me that I am against EA. There are several popular EA threads in FF. It always makes more sense to have a separate thread for EA as the main thread gets cluttered with all these EA discussions not necessary very important to every one specially for newbies who wants to learn a system. Just my opinion. Keep up the good work.

Thanks,

FX_California
  • #964
  • Edited 4:18pm Mar 26, 2012 2:08pm | Edited 4:18pm
What if you could see all of your favorite pairs on 1 chart
on all timeframes you choose ?

Here we go:
The BuySell line dashboard (first draft)

http://i.imgur.com/wemzg.jpg

Has no alerts yet, that needs more time,
but even without alerts this dashboard is a great help for me.

I donīt need to have all the charts opened, I just look at the dashboard
and see where a valid signal candle has occured.
Then I open that chart and apply the buysell template where the indicator displays the entry levels.

The dashboard only shows the signals for entry rules 1 - 4 (see first posting in this thread) : engulfing bar below/above SMA 50 etc.
The ALTERNATE SIGNAL CANDLE is not checked.

I havenīt traded the Alternate Signal Candle yet and when I am ready and have time, I might include it into the indicators.
The dashboard indicator goes into the experts/indicators folder.
I supply a template for it.

It adapts to black and white charts automatically.

Enjoy.

Update: Both indicators go into the experts/indicators folder
but only the !BuySell_Dashboard has to be attached to a chart.
Or just open a chart (timeframe doesnīt matter) and apply the template.
That loads the indicator and you got a completely black background.

If you use white charts, create your own template, the dashboard automatically
adapts to the white chart.
If you donīt like the colors, select other colors in the properties menu of the dashboard
indicator and save the template.
Attached File(s)
File Type: ex4 !BuySell_Dashboard.ex4   18 KB | 672 downloads
File Type: tpl ! buysell_dashboard.tpl   10 KB | 682 downloads
File Type: ex4 !BuySell_ind_for_Dashboard.ex4   4 KB | 665 downloads
  • #965
  • Mar 26, 2012 2:16pm Mar 26, 2012 2:16pm
Quoting FX_California
I have been following this thread silently for some time. I liked the simple (no indicator) approach of the system. Lot of threads in Forex Factory die because of EA discussions in the main thread. I only hope that this thread survives. Please don't misunderstand me that I am against EA. There are several popular EA threads in FF. It always makes more sense to have a separate thread for EA as the main thread gets cluttered with all these EA discussions not necessary very important to every one specially for newbies who wants to learn a system. Just...
There is a huge difference between a trading EA and a trade management EA. The EA here is only a tool. It doesnīt trade by itself.

The indicators are tools too which donīt take anything away from the system ( which has 2 indicators, the SMA and the candle patterns, these are indicators, therefore it is not a system without indicators ).

Besides that I completely agree that a separate thread for the indicators and other tools would be better.

I will not open a new thread, it is not my task, I just contributed to those who think they could use the tools, the others should ignore my postings ...
and again: that would be easier if the EA, indicator and dashboard would be located in a separate thread and not clutter this thread.
  • #966
  • Mar 26, 2012 2:24pm Mar 26, 2012 2:24pm
fxtr51:

Thanks that you have not taken my comment in a bad spirit. You are providing a great service and I don't want to undermine your efforts. I would also love to have a dash board like this.

FX_California
Quoting fxtr51
There is a huge difference between a trading EA and a trade management EA. The EA here is only a tool. It doesnīt trade by itself.

The indicators are tools too which donīt take anything away from the system ( which has 2 indicators, the SMA and the candle patterns, these are indicators, therefore it is not a system without indicators ).

Besides that I completely agree that a separate thread for the indicators and other tools would be better.

I will not open a new thread, it is not my task, I just contributed to those who think they could use...
  • #967
  • Mar 26, 2012 2:45pm Mar 26, 2012 2:45pm
something is wrong with that dashboard....i attached it ...set all tf`s ....even 1m in charts and it doesnt display any arrows...only squares

is there anything to know about it ?

thanks in advance
  • #968
  • Mar 26, 2012 3:07pm Mar 26, 2012 3:07pm
Quoting 60minuteman
i would have AU and EJ in there too, other than that it looks good... i hate EG though....

You want a good mix so you can nearly always find something thats trending and giving easy pips..

Thats not a bad selection though..

Thanks 60minuteman
  • #969
  • Mar 26, 2012 3:18pm Mar 26, 2012 3:18pm
apart from an Idiot AU short this morning (which cost me 2%).. its been a great monday..

holding positive positions in EJ GJ EU H4 and UCHF daily...
tradewith60
  • #970
  • Mar 26, 2012 3:23pm Mar 26, 2012 3:23pm
Quoting bradu
something is wrong with that dashboard....i attached it ...set all tf`s ....even 1m in charts and it doesnt display any arrows...only squares

is there anything to know about it ?

thanks in advance
First I thought: oh no, it is working on my platforms, why not on yours ?
Then it dawned on me: I wrote a special supporting indicator for the dashboard which is much faster than the normal indicator which is drawing the arrows and gives the alerts ....
and I forgot about it.
Sorry ....
Please download the !BuySell_ind_for_Dashboard and put it into
the experts/indicators folder.
The dashboard indicator needs it.
  • #971
  • Mar 26, 2012 3:38pm Mar 26, 2012 3:38pm
Quoting fxtr51
What if you could see all of your favorite pairs on 1 chart
on all timeframes you choose ?

Here we go:
The BuySell line dashboard (first draft)

Has no alerts yet, that needs more time,
but even without alerts this dashboard is a great help for me.

.
Great dashboard fxtr51.
Can I add pairs to the list or should I add the indicator again and change the values of the pairs?
Thanks
  • #972
  • Mar 26, 2012 3:39pm Mar 26, 2012 3:39pm
Quoting 60minuteman
apart from an Idiot AU short this morning (which cost me 2%).. its been a great monday..

holding positive positions in EJ GJ EU H4 and UCHF daily...
I got nailed for 2% on the same trade late last night! I thought the setup looked good....curious why you say "idiot" trade? No offense taken...just curious what I missed?

Positive position in the USDCHF and have a couple other signals setting up right now. Let's see if we get a trigger to enter a trade.
  • #973
  • Mar 26, 2012 3:47pm Mar 26, 2012 3:47pm
Quoting AlexC
Great dashboard fxtr51.
Can I add pairs to the list or should I add the indicator again and change the values of which pairs?
Thanks
Thanks too.
Right now it displays 9 pairs.
If you want 10 or more pairs, I have to modify the dashboard, it is possible.
Or you attach it to a second chart and choose your additional pairs.

Besides that you can just double click each pair in the properties menu,
delete the name and insert another pair.
  • #974
  • Mar 26, 2012 3:53pm Mar 26, 2012 3:53pm
Quoting fxtr51
Thanks too.
Right now it displays 9 pairs.
If you want 10 or more pairs, I have to modify the dashboard, it is possible.
Or you attach it to a second chart and choose your additional pairs.

Besides that you can just double click each pair in the properties menu,
delete the name and insert another pair.
I attached it to a second chart with different pairs.
  • #975
  • Mar 26, 2012 3:54pm Mar 26, 2012 3:54pm
Quoting SMcGuire45
I got nailed for 2% on the same trade late last night! I thought the setup looked good....curious why you say "idiot" trade? No offense taken...just curious what I missed?

Positive position in the USDCHF and have a couple other signals setting up right now. Let's see if we get a trigger to enter a trade.
well, actually looking at it again, it was good, and it followed the plan...

any trade that follows the plan then losses is just 'business costs'... so i take it back...
tradewith60
  • #976
  • Mar 26, 2012 3:55pm Mar 26, 2012 3:55pm
nearly 1000 posts and no flaming or haters !!!! got to be a first on FF
tradewith60
  • #977
  • Mar 26, 2012 3:58pm Mar 26, 2012 3:58pm
Quoting 60minuteman
well, actually looking at it again, it was good, and it followed the plan...

any trade that follows the plan then losses is just 'business costs'... so i take it back...
Ok cool...no big deal. Glad my trade plan was at least solid. Just thought maybe I missed something else in my analysis. Can't win 'em all!
  • #978
  • Mar 26, 2012 4:33pm Mar 26, 2012 4:33pm
Hi All, i am a new member here only since last week stumbled onto this forum and am i glad.
i like your style of trading minute man , i only like to trade with the trend,
Did i read somewhere here that there is a skype chat room avaiable , if so i would like to join.
Again well done to all for the intresting posts , and also to you 60 minute man.

Tim
  • #979
  • Mar 26, 2012 4:36pm Mar 26, 2012 4:36pm
Quoting 60minuteman
nearly 1000 posts and no flaming or haters !!!! got to be a first on FF
Very nice
  • #980
  • Mar 26, 2012 4:57pm Mar 26, 2012 4:57pm
Quoting n299
Hi All, i am a new member here only since last week stumbled onto this forum and am i glad.
i like your style of trading minute man , i only like to trade with the trend,
Did i read somewhere here that there is a skype chat room avaiable , if so i would like to join.
Again well done to all for the intresting posts , and also to you 60 minute man.

Tim
Thanks Tim and welcome,

take some demo trades and post some charts on the thread (winners or losers), if it seems to be your thing then I will hook you up with the skype room...
tradewith60
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