Dislikedthe markbuy and marksell routines can go after deinit code, and put the if statement after the 2 ordersend commands. but i am hoping nb will deem it a good idea and insert it in a new release (perhaps with a on/off switch).Ignored
- #1,601
- May 8, 2012 11:58pm May 8, 2012 11:58pm
- Joined Jun 2007 | Status: Teach men to fish | 7,384 Posts
- #1,603
- May 9, 2012 12:38am May 9, 2012 12:38am
- Joined Jun 2007 | Status: Teach men to fish | 7,384 Posts
Steve Hopwood has created 2 (more!) great EAs that I think would be very useful for NB10.2. Currently the EA's in use for NB10.2 allow "hand's free"/emotionless trading of price Vs the shifted 5MA's however there is nothing for the break of horizontal S/R - just standard stop orders. These can be difficult for the unwary to manage as price often heads through S/R only to reject it and head the other way with your long trade effectively being taken at a swing high and vice versa for a short trade.
The Waiting to BUY/SELL EA's Steve created allow you to place a pending trade and appropriate SL and dictate that the trade is taken only when price closes above/below whatever S/R level you are interested in using the candle close/open of whatever time frame you choose. There is now an "every tick" option too. These also have the advantage of your pending order being hidden from your broker/criminal...
I think these EAs are fantastic and I use them for many different types of trading involving any kind of horizontal S/R. They have the same safety features as the EA's NB included as part of NB10.2, prompting for their use each time you add/change time frame etc (as they were created by Steve too).
Steve has added them to his NB10.2 data gathering thread with instructions:
http://www.stevehopwoodforex.com/php...php?f=37&t=546
The Waiting to BUY/SELL EA's Steve created allow you to place a pending trade and appropriate SL and dictate that the trade is taken only when price closes above/below whatever S/R level you are interested in using the candle close/open of whatever time frame you choose. There is now an "every tick" option too. These also have the advantage of your pending order being hidden from your broker/criminal...
I think these EAs are fantastic and I use them for many different types of trading involving any kind of horizontal S/R. They have the same safety features as the EA's NB included as part of NB10.2, prompting for their use each time you add/change time frame etc (as they were created by Steve too).
Steve has added them to his NB10.2 data gathering thread with instructions:
http://www.stevehopwoodforex.com/php...php?f=37&t=546
- #1,610
- May 9, 2012 7:24am May 9, 2012 7:24am
- Joined Jun 2007 | Status: Teach men to fish | 7,384 Posts
- #1,612
- May 9, 2012 7:35am May 9, 2012 7:35am
- Joined Jun 2007 | Status: Teach men to fish | 7,384 Posts
- #1,618
- Edited 3:35pm May 9, 2012 2:38pm | Edited 3:35pm
Hi,
Perhaps someone else is looking at using 10.2 TMA Slope indicator for trading from Daily charts. One strategy is to enter long/short at the close above/below the 0.4/-0.4 line. I'm assuming that repainting would not be an issue on this or higher time frames.
Is my assumption correct? Is there someone that would like to share their success with this higher time frame approach?
Glad to be a member of the FF community!
John
------ on second thought ---------
Okay, I shall answer my own question. Below is nanningbob's quote from the TMA Slope doc. Next time I should reread before asking such a question.
"Again I repeat, the sloping down of the indicator does not show price reversal;
it is only the slowing down of the upward climb of price action."
I'll go back to reading and learning now.
Perhaps someone else is looking at using 10.2 TMA Slope indicator for trading from Daily charts. One strategy is to enter long/short at the close above/below the 0.4/-0.4 line. I'm assuming that repainting would not be an issue on this or higher time frames.
Is my assumption correct? Is there someone that would like to share their success with this higher time frame approach?
Glad to be a member of the FF community!
John
------ on second thought ---------
Okay, I shall answer my own question. Below is nanningbob's quote from the TMA Slope doc. Next time I should reread before asking such a question.
"Again I repeat, the sloping down of the indicator does not show price reversal;
it is only the slowing down of the upward climb of price action."
I'll go back to reading and learning now.
- #1,619
- May 9, 2012 3:11pm May 9, 2012 3:11pm
- Joined Jun 2007 | Status: Teach men to fish | 7,384 Posts
- #1,620
- May 9, 2012 3:19pm May 9, 2012 3:19pm
- Joined Jun 2007 | Status: Teach men to fish | 7,384 Posts
