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Easy entry system: coloured candles

  • #21
  • May 2, 2012 8:55am May 2, 2012 8:55am
sorry guys can't help with the MT4 crashing, but mine is the updated version. updated last week and have no problems.

CCI set at 45 is not the same..that is the same as the arrows

Kasapreko yes you could use arrow to exit but you would loose a lot of profit, it could be used as the last resort get out though. I take entry even though trendsqueeze is low, may be the start of the trend.

this is my chart. i just switched it on. so if someone has been running theirs for a while today then they can compare for repaints.
shortly we will get all red on 4hr. I wait for a pullback on the 15min, at least 1 new signal to enter (candle changes green then red, red arrow appears etc)
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  • #22
  • Edited 9:21am May 2, 2012 9:05am | Edited 9:21am
Important to know, if by comparing the 4h chart is, that every broker may have different candles, because of their server timezone.

The same is with daily candles, but every chart is mostly identical in the H1 and smaller timeframes.



Good business

Mediator
  • #23
  • May 2, 2012 9:16am May 2, 2012 9:16am
Screen from Alpari (UK),
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  • #24
  • May 2, 2012 9:29am May 2, 2012 9:29am
Quoting Mediator
Important to know, if by comparing the 4h chart is, that every broker may have different candles, because of their server timezone.

The same is with daily candles, but every chart is mostly identical in the H1 and smaller timeframes.



Good business

Mediator
Good point.

uberteh. same as mine.
  • #25
  • May 2, 2012 10:09am May 2, 2012 10:09am
Quoting kraven
sorry guys can't help with the MT4 crashing, but mine is the updated version. updated last week and have no problems.

CCI set at 45 is not the same..that is the same as the arrows

Kasapreko yes you could use arrow to exit but you would loose a lot of profit, it could be used as the last resort get out though. I take entry even though trendsqueeze is low, may be the start of the trend.

this is my chart. i just switched it on. so if someone has been running theirs for a while today then they can compare for repaints.
shortly we will get all...
Kraven, can you suggest any other way of exiting other than the trendsqueeze cause I'm seeing it move too much below and above 50% but price still goes the same direction
Thanks
Kasapreko
  • #26
  • May 2, 2012 10:17am May 2, 2012 10:17am
Kraven - looks like a simple idiot-proof method - backtesting now.

silly question, where do i see the trendsqueeze u are referring to on the actual screen?
  • #27
  • May 2, 2012 10:39am May 2, 2012 10:39am
the percentage figures on top of the screen just seem to refer to the amount of time left in the current candle, or am i missing something?!
  • #28
  • May 2, 2012 10:45am May 2, 2012 10:45am
Quoting dimlat
the percentage figures on top of the screen just seem to refer to the amount of time left in the current candle, or am i missing something?!
same thing I just observed
  • #29
  • May 2, 2012 11:08am May 2, 2012 11:08am
the trendsqueeze indi is new to me and I was told it was the strength of trend %. however, I've only had it my charts for a day or so and haven't had time to study it. if it is candle time then there's no need for it as i added candletime indi.
  • #30
  • May 2, 2012 11:12am May 2, 2012 11:12am
Yes, it is a copy of a Bar Timer indicator.
It never gets easier, you just get better
  • #31
  • May 2, 2012 11:17am May 2, 2012 11:17am
Quoting kraven
the trendsqueeze indi is new to me and I was told it was the strength of trend %. however, I've only had it my charts for a day or so and haven't had time to study it. if it is candle time then there's no need for it as i added candletime indi.
thanks for answers guys, i will remove it from template - a strength-of-trend indi would be useful if it exists
  • #32
  • May 2, 2012 11:42am May 2, 2012 11:42am
thanks for pointing that out guys.
as i said I've been demo accounting this for a week only, some of the indi's got added along the way and I haven't had a lot of time to screen watch. But from what i have seen using it in conjuction with a higher TF it fairs very well.
  • #33
  • May 2, 2012 2:11pm May 2, 2012 2:11pm
Actually, the indicator code is based on CCI(45). There is a decompiled version in this thread: http://www.forexfactory.com/showthread.php?t=214889. Seems this is a commercially available indicator that is sold online. You can easily search and find it.

Barry
  • #34
  • May 2, 2012 6:26pm May 2, 2012 6:26pm
Hi Kraven,

Did entry is according to the rules right? or do you only trade the London session?

thank you
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  • #35
  • May 2, 2012 8:08pm May 2, 2012 8:08pm
No I tend to trade US/Asia now, but it's like other systems you have to expect it slower at that time due to the markets
I actualy would have entered at the first new red arrow at 19:00 (i mentioned this in an earlier post about just looking for 1 new indicator when in a trend) also i tend to be cautious around round numbers and your right on one. good luck with the trade
  • #36
  • May 2, 2012 9:52pm May 2, 2012 9:52pm
ThankQ KRAVEN

Will Try

Trading is easy, making money is simple. It is the mental part that is difficult.
  • #37
  • May 2, 2012 10:45pm May 2, 2012 10:45pm
My platform kept crashing the second I loaded the template. My mt4 build was 409. I updated it to 419 an all works fine now.
  • #38
  • May 3, 2012 2:00am May 3, 2012 2:00am
had 3 trades with this system yesterday - EURUSD short, USDCHF long and USDJPY short - just got stopped out of USDJPY as she turned around, other 2 going well - so far so good - thanks Kraven!
  • #39
  • May 3, 2012 10:55am May 3, 2012 10:55am
did anyone get in EU signal at 9:45 gmt? did they get the TP with the news candle at 1:30?
  • #40
  • May 3, 2012 2:26pm May 3, 2012 2:26pm
Quoting kraven
[...] open a 15m chart and open 4hr chart (add templates)

Buy Entry: look for long term trend on 4hr chart, make sure we have green candles and green dots
go to 15m look for the arrow to be Green, look for the candle to be Green, look for the ultra-signal dots to be Green....enter at the Break of that candle........vice versa for sells.
Hello Kraven,

Nice job!
I´d like to know if you look for 4H chart to follow the trend or you get the signal at this TF?
For example....4H chart. The candle is red, but the the ultrasignal dot is green. If the ultrasignal dot turns to red I´ll go to the 15Min chart and as soon as the signal is shown I entry with the sell order?
In the same 4H chart. How many candles do you wait to establish a trend? Because, it is possible the PA rebound and return to the previous movement.
I´m sorry for my bad english. It´s not my native language.

Thank you!
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