Islander and Medici trade the European open | Page 203 | Forex Factory

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Islander and Medici trade the European open

  • #4,041
  • Apr 2, 2012 2:49pm Apr 2, 2012 2:49pm
Hi all,

Have you encountered an ea which opens buy/sell order on the range candle close?
  • #4,042
  • Apr 2, 2012 3:47pm Apr 2, 2012 3:47pm
Quoting Krisdetrader
Hi all,

Have you encountered an ea which opens buy/sell order on the range candle close?
Hi Kris, see what you think of this: http://www.forexfactory.com/showthread.php?p=5072185
  • #4,043
  • Apr 3, 2012 1:51am Apr 3, 2012 1:51am
RB5 indicated possible short, with a trade-off between slope of MA and distance to MA. The tick volume chart gave a safe entry on break of a level and turn of MA. Stop now at BE but not too hopeful...

EDIT - out when 1.3340 held for a re-test with a handful in the bag.
Attached Image (click to enlarge)
Click to Enlarge Name: eu tick volume short 3 april.jpg Size: 112 KB
  • #4,044
  • Apr 3, 2012 3:17am Apr 3, 2012 3:17am
Quoting medici
RB5 indicated possible short, with a trade-off between slope of MA and distance to MA. The tick volume chart gave a safe entry on break of a level and turn of MA. Stop now at BE but not too hopeful...

EDIT - out when 1.3340 held for a re-test with a handful in the bag.
What pair is that mate? Can't see on the chart.
  • #4,045
  • Apr 3, 2012 3:59am Apr 3, 2012 3:59am
Quoting medici
Hi Kris, see what you think of this: http://www.forexfactory.com/showthread.php?p=5072185
Hi Medici,

They don't seem to work, but thanks anyway.
  • #4,046
  • Apr 3, 2012 4:04am Apr 3, 2012 4:04am
Quoting nhen
What pair is that mate? Can't see on the chart.
Eu.
  • #4,047
  • Apr 3, 2012 4:44am Apr 3, 2012 4:44am
Another tick volume beauty
Attached Image (click to enlarge)
Click to Enlarge Name: eu tick volume long 3 april.PNG Size: 25 KB
  • #4,048
  • Apr 3, 2012 4:45am Apr 3, 2012 4:45am
Quoting Krisdetrader
Hi Medici,

They don't seem to work, but thanks anyway.
Too bad, but such an EA should be easy to make. If I get the time, I'll have a look at it.
  • #4,049
  • Apr 3, 2012 6:19am Apr 3, 2012 6:19am
I love the tick volume bars
Attached Image (click to enlarge)
Click to Enlarge Name: eu tick volume short 3 3 april.PNG Size: 58 KB
  • #4,050
  • Apr 3, 2012 6:43am Apr 3, 2012 6:43am
Quoting medici
I love the tick volume bars
C'mon then, your dangling the carrot, what are the ema's and how many ticks do we need for our tock.

doc.
  • #4,051
  • Apr 3, 2012 6:46am Apr 3, 2012 6:46am
Quoting Dr.Scalpall
C'mon then, your dangling the carrot, what are the ema's and how many ticks do we need for our tock.

doc.
Those are same T3 MAs as in the Cloud, and it's 170 ticks per candle.
  • #4,052
  • Edited 7:00am Apr 3, 2012 6:48am | Edited 7:00am
And here's the ProRealTime T3 MA code (n and b need to be defined as variables):

n = (p+1)/2

e1 = exponentialAverage[n](close)
e2 = exponentialAverage[n](e1)
e3 = exponentialAverage[n](e2)
e4 = exponentialAverage[n](e3)
e5 = exponentialAverage[n](e4)
e6 = exponentialAverage[n](e5)

b2= b*b
b3 = b2*b
c1 = -b3
c2 = 3*(b2+b3)
c3 = -3*(2*b2+b+b3)
c4 = 1+3*b+b3+3*b2

T3MA = c1*e6+c2*e5+c3*e4+c4*e3

RETURN T3MA AS "T3MA"
Attached Image (click to enlarge)
Click to Enlarge Name: code window t3ma.PNG Size: 34 KB
  • #4,053
  • Apr 3, 2012 10:58am Apr 3, 2012 10:58am
Quoting medici
And here's the ProRealTime T3 MA code (n and b need to be defined as variables):

n = (p+1)/2

e1 = exponentialAverage[n](close)
e2 = exponentialAverage[n](e1)
e3 = exponentialAverage[n](e2)
e4 = exponentialAverage[n](e3)
e5 = exponentialAverage[n](e4)
e6 = exponentialAverage[n](e5)

b2= b*b
b3 = b2*b
c1 = -b3
c2 = 3*(b2+b3)
c3 = -3*(2*b2+b+b3)
c4 = 1+3*b+b3+3*b2

T3MA = c1*e6+c2*e5+c3*e4+c4*e3

RETURN T3MA AS "T3MA"
Slight error there. p, not n, should be defined as a variable and set to 8/17/...or whatever MA you want. b should be 0.4 to get the MAs used here.

Apologies. Thanks to Auron for noticing.
  • #4,054
  • Edited 12:16pm Apr 3, 2012 12:02pm | Edited 12:16pm
If people are looking to experiment with these tick charts here is a way to do so in MT4.

1) Add the two indicators to your Experts>Indicators folder.

2) Put LogTickData on a blank M1 chart

3) Allow the chart to log a few ticks before the next step or an error will come up

4) After a few ticks, place the PostTickData on the same M1 and choose the number of ticks. In the example below I used 33 ticks and it came out quite similar to the 170 ticks that both Medici and I experimented with in ProRealTime today. Common values used are 33, 133 and 233 from what I understand but I tried a 10 tick today as well.

5) Go to Open Offline Chart and choose the Tick chart.

Note: You can have multiple tick charts building off a single M1. I used one M1 and LogTickData today with both a 10 and 33 PostTickData loaded on it.

Note 2: The offline chart will start blank and build from there. That's the downside of this indicator method I found, and when you close MT4 you will have to start from scratch.
Attached Image (click to enlarge)
Click to Enlarge Name: eu-tick.gif Size: 38 KB
Attached File(s)
File Type: mq4 LogTickData.mq4   3 KB | 278 downloads
File Type: mq4 PostTickData.mq4   10 KB | 252 downloads
  • #4,055
  • Apr 3, 2012 12:09pm Apr 3, 2012 12:09pm
Quoting Auron112
If people are looking to experiment with these tick charts here is a way to do so in MT4.

1) Add the two indicators to your Experts>Indicators folder.

2) Put LogTickData on a blank M1 chart

3) Allow the chart to log a few ticks before the next step or an error will come up

4) After a few ticks, place the PostTickData on the same M1 and choose the number of ticks. In the example below I used 33 ticks and it came out quite similar to the 170 ticks that both Medici and I experimented with in ProRealTime today. Common values used are...
Good looking!

  • #4,056
  • Apr 3, 2012 12:39pm Apr 3, 2012 12:39pm
Many thanks Auron!
  • #4,057
  • Apr 3, 2012 1:31pm Apr 3, 2012 1:31pm
Is it just me or does the post tick data indicator require a lot of processor resources....it brings my laptop to a crawl.
  • #4,058
  • Apr 3, 2012 2:05pm Apr 3, 2012 2:05pm
Quoting enochben
Is it just me or does the post tick data indicator require a lot of processor resources....it brings my laptop to a crawl.
It might just be you but probably using a fair bit for other people too. I do notice a slight increase in CPU usage but nothing outrageous. Seems to be comparable to the increase when using an EA to build RBs on my machine.
  • #4,059
  • Apr 4, 2012 1:41am Apr 4, 2012 1:41am
Often after big moves like this there's a fake-out at 6am. Back in the good old days when I used to be at my desk at 5.30am I used to look for these as a matter of routine.

Up earlier than usual today, and spotted this one, which was too good to pass on. Then a big patience pill required...should be good for at least 1.3320.

Probably my last trade for a week, as I am picking up visitors at Heathrow before lunch. Happy Easter to all and see you next week
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6am fade 4 april.PNG Size: 23 KB
Click to Enlarge Name: Eu h4 4 april.jpg Size: 73 KB
  • #4,060
  • Apr 4, 2012 2:23am Apr 4, 2012 2:23am
Heh, best time to pick them up, you ll avoid lots of traffic there. Happy Easter Medici!

Enochben - my tick chart also works without any strain to the processor (AMD 64 athlon 5000 (win xp 32 bit and 4 gig ram).
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