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Buy sell line trading

  • #1,081
  • Apr 1, 2012 3:13am Apr 1, 2012 3:13am
Quoting 60minuteman
Did you do this by eye or with a machine?

Did you take trades when already in a trade on the same pair?

Was any allowance made for trend? flat ma?

1. By machine

2. No

3. No

Machine took all signals blindly according to rules.

Regards
  • #1,082
  • Apr 1, 2012 3:20am Apr 1, 2012 3:20am
Quoting Dem
1. By machine

2. No

3. No

Machine took all signals blindly according to rules.

Regards
Ok, well just over 50% win loss isn't bad then, question is could you filter those trades to swing another 2 out of 10 in your favour? then you've got the holy grail... sit back and count the money..
tradewith60
  • #1,083
  • Apr 1, 2012 7:21am Apr 1, 2012 7:21am
Quoting 60minuteman
Ok, well just over 50% win loss isn't bad then, question is could you filter those trades to swing another 2 out of 10 in your favour? then you've got the holy grail... sit back and count the money..
The best way to see order flow and know the size and where limit and stop orders placed like Steven Primo could, when he was Stock Exchange Specialist.

Whithout this information we can only guess or feel what price will do at next moment. And hope that 50 SMA or Fibo level or ADX or other indicator will give us the edge in long run. According my backtesting your system has a small edge even without discretion.
  • #1,084
  • Apr 1, 2012 2:00pm Apr 1, 2012 2:00pm
Big thanks to you fxtr51 for your promtp reply!

Then I guess I do not need to bother about much of the parameters :-).
Regarding the dashboard, "update only at the open a new candle of that lowest timeframe" sounds like a very good idea, checking every second (as my dashboard does), when my lowest timeframe is H1, feels a little bit overkill :-).

However, thank you VERY much for your efforts. You actually have better "customer service" than commercial products. I don't think you understand how much I appreceite it.

And of course, 60mm, thanks again for all your efforts. I feel like I have learnt a lot from you. I also feel very confident in this system, and I am able to spot and judge weather a setup is good or not. I promise to contribute to this thread, posting charts and so on, as soon as I get time. As many people here I am running my own business (actually running three) which is very time consuming :-).
  • #1,085
  • Edited Apr 2, 2012 9:24am Apr 1, 2012 4:22pm | Edited Apr 2, 2012 9:24am
mrsword,
I can run the dashboard with all timeframes selected and it doesn´t slow down my PC.

Thanks for your kind words.

2 Updates:

1. Dashboard
Checks only at new bar of each timeframe ----> reduces workload on PC significantly

2. TradeManagement EA
Fixed some minor bugs and not needed extern input is hidden now to avoid confusion.

I had a few PMs from traders with problems on their Mt4:
For Dashboard and EA, please put your settings on Mt4 like this:
http://i.imgur.com/ZtQKR.jpg

- If have Windows 7, your Mt4 installation should not be done into Programs folder (where all programs install), this will only give problems.

- dashboard and EA work without any problems on my PC for
Pepperstone razor ECN, Alpari , OandaMt4, eglobal(forex4you).

Make sure the files are in the correct folders and the settings on Mt4 are correct, then it should work.

Questions about dashboard and EA please via PM only.

Edit: I opened a new thread for the dashboard in Platform Tech forum section:
http://www.forexfactory.com/showthread.php?t=351370

This will avoid the cluttering of the threads.

The new dashboard has 2 strategies built in:
1. Buy sell line strategy
2. Simple trend trading strategy

I thought: why not both in 1 dashboard ? Engulfing and InsideBars
on the same timeframe are not possible.
We distinguish the different signals by different symbols and alerts.
http://i.imgur.com/mVR9a.jpg
Attached File(s)
File Type: ex4 ! BuySell_Manager_V6.1.ex4   58 KB | 708 downloads
  • #1,086
  • Apr 1, 2012 8:21pm Apr 1, 2012 8:21pm
60MinuteMan,

I would like to thank you for introducing everyone to a simple method of trading. I have been away from this forum for a very long time trying different things but always sticking to 50 MA as a trend filter. It's quite magical i must admit.

I have started to trade this method but on a daily timeframe as it suits me. I'll create another thread with my trade journal and slight variation to the exits.

Many thanks again. Trading does not have to be hard.

Cheers!
  • #1,087
  • Apr 1, 2012 8:32pm Apr 1, 2012 8:32pm
Quoting PipMobile
60MinuteMan,

I would like to thank you for introducing everyone to a simple method of trading. I have been away from this forum for a very long time trying different things but always sticking to 50 MA as a trend filter. It's quite magical i must admit.

I have started to trade this method but on a daily timeframe as it suits me. I'll create another thread with my trade journal and slight variation to the exits.

Many thanks again. Trading does not have to be hard.

Cheers!
cool pip, glad you got something out of it!
tradewith60
  • #1,088
  • Apr 1, 2012 10:12pm Apr 1, 2012 10:12pm
My trade journal - http://www.forexfactory.com/showthread.php?t=351267

Thanks again 60MM.
  • #1,089
  • Apr 2, 2012 2:19am Apr 2, 2012 2:19am
Many pairs open this week with gaps. Some are not closed yet especially with the Aussie. In the scope of this strategy, do we have to worry about them?

Thanks
  • #1,090
  • Apr 2, 2012 4:20am Apr 2, 2012 4:20am
EXTRA ANALYSIS VIDEO

here's the video of some basic extra trend analysis that you can add to your trading, it will help with selecting the best trades, where the moves are likely to start and where they will end... hope it helps

This is just the very basics covering the daily tf for H4 trading, I will be doing some more on how you can add weekly and monthly too

Inserted Video


thanks to Sam for recording the session
tradewith60
  • #1,091
  • Apr 2, 2012 10:08am Apr 2, 2012 10:08am
Quoting fxtr51
I can run the dashboard with all timeframes selected and it doesn´t slow down my PC.
I'm fairly certain your ea has a memory leak. Since using to to monitor I've found my MT4 will rack up over 1.5gigs of memory usage after periods of time and spout out Out of Memory error. Since this is the only change in mt4 setup from before it stands to reason this is the problem. Since removing it the memory problem is gone.
  • #1,092
  • Apr 2, 2012 11:02am Apr 2, 2012 11:02am
On my feed I am watching 4 setups into the next hour. I took a successful UJ type 2 setup this am.

Eu T2 up- do not want candle to surge much higher
Uchf t2 down - do not want candle to finish much lower
Au T1 up- been in a downtrend lately might make it a B setup
Gj T2 up - looking to finish strong, been rangy of late
  • #1,093
  • Apr 2, 2012 11:21am Apr 2, 2012 11:21am
Quoting Hordane
I'm fairly certain your ea has a memory leak. Since using to to monitor I've found my MT4 will rack up over 1.5gigs of memory usage after periods of time and spout out Out of Memory error. Since this is the only change in mt4 setup from before it stands to reason this is the problem. Since removing it the memory problem is gone.
I think the culprit was the dashboard indicator, not the EA.
Thanks for your feedback ... please give feedback here only:
http://www.forexfactory.com/showthre...59#post5534059

After I read your posting, I shut everything down and watched the CPU usage on Windows Task-Manager .
Interesting.

The pure Mt4, no charts open, uses 0% - 8 % ( not really because Windows has its routines, so the 8% are not fully from the naked Mt4 ).

With only 1 chart with the full dashboard, all pairs and all timeframes,
the CPU usage was 0% - 5 % , only at initialization of the dashboard
it went up to 27 % which is no problem. Firefox and other programs
use much more CPU at times.

Then I optimized the supporting indicator and the dashboard indicator
and now you can run it without worries since it only checks at the open of a new bar. The package is updated.
  • #1,094
  • Apr 2, 2012 1:10pm Apr 2, 2012 1:10pm
Tagged in on AU
  • #1,095
  • Apr 2, 2012 4:05pm Apr 2, 2012 4:05pm
Closed AU, alternate type 2 signal was given for short. Not going to set a pending order because I am seeing that only 3 of the 6 4hr candles are of most importance and this time is rather slow now that new york is closing.

If the trade end up b/e or in profit I will not be closing anymore position I open until they either hit s/l b/e or t/p. I noted this may have been a B setup opposed to an A+ because it is downtrending, so that gave me confluence enough to close.
  • #1,096
  • Apr 2, 2012 7:07pm Apr 2, 2012 7:07pm
Quoting Hordane
I'm fairly certain your ea has a memory leak. Since using to to monitor I've found my MT4 will rack up over 1.5gigs of memory usage after periods of time and spout out Out of Memory error. Since this is the only change in mt4 setup from before it stands to reason this is the problem. Since removing it the memory problem is gone.

Hord you gettin the band back together?
  • #1,097
  • Apr 2, 2012 11:07pm Apr 2, 2012 11:07pm
Quoting 60minuteman
EXTRA ANALYSIS VIDEO

here's the video of some basic extra trend analysis that you can add to your trading, it will help with selecting the best trades, where the moves are likely to start and where they will end... hope it helps

This is just the very basics covering the daily tf for H4 trading, I will be doing some more on how you can add weekly and monthly too

http://www.youtube.com/watch?v=B9JXr...ature=youtu.be
Great video and analysis 60m.
Thanks
  • #1,098
  • Apr 3, 2012 1:47am Apr 3, 2012 1:47am
Latest version of BuySell_Manager_EA.
Lotsize calculation fixed.
Attached File(s)
File Type: ex4 ! BuySell_Manager_V6.2.ex4   58 KB | 813 downloads
  • #1,099
  • Apr 3, 2012 7:29am Apr 3, 2012 7:29am
Hi 60Minute,

Can you please let me know how do you determine which currency are strong and which are weak?

Regards,
Bedayan.
  • #1,100
  • Apr 3, 2012 7:42am Apr 3, 2012 7:42am
I am wondering if the OB & IB signals can be put on one chart. Say the arrows for the OB/engulfing setups and maybe triangles for the IB and on the same chart. The triangle colors should be the same as the arrows, blue & red with the apex/point pointing up for long (blue), down for short (red). Might seem a little cluttered at 1st but should be workable.

Anybody for that? piprac
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