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Nb 10.0 trend trading system

  • #2,941
  • Jun 15, 2012 8:44am Jun 15, 2012 8:44am
Quoting Binyamin
It hit my Sell order at S1. I hope to liquidate it before the weekend or when it hit S2 which ever comes first
I did the same/
  • #2,942
  • Jun 15, 2012 11:41am Jun 15, 2012 11:41am
Quoting forexripper
Why bother with reasoning. I saw it on D1 and H4 currency slope strength indi and found it to have pips in it with GBP, USD, EU so traded them and pocketed few pips.
Yeah good point. It is much harder to trade when you need some news to confirm your trade. AUD and NZD is rising is all I need to know.

Anyway the AUD and NZD have been rising on many pairs and the D1 slopes are indicating buy. Will look to buy if the trend continue next week. GBPNZD hit my SL at breakeven...
Riding the order flow
  • #2,943
  • Jun 15, 2012 11:56am Jun 15, 2012 11:56am
Quoting Binyamin
Yeah good point. It is much harder to trade when you need some news to confirm your trade. AUD and NZD is rising is all I need to know.

Anyway the AUD and NZD have been rising on many pairs and the D1 slopes are indicating buy. Will look to buy if the trend continue next week. GBPNZD hit my SL at breakeven...
I was short on this pair from break of S1 and since it is volatility group 5 my TP was S2 and see if that gets broken to trigger another one but it did not and took me out at that for 110 pips
  • #2,944
  • Edited 10:19am Jun 16, 2012 9:51am | Edited 10:19am
Hi Bob

your template using interbank and brocotrader give give different
readings on the histogram if you look at these 2 4hr cable charts
first chart Interbank second Brocotrader

it doesnt appear to be working with Broco trader?

only thing I can think is that interbank is 5 dig broker
Broco is a 4 dig broker
Attached Image(s) (click to enlarge)
Click to Enlarge Name: interbank.PNG Size: 74 KB
Click to Enlarge Name: Brocotrader.PNG Size: 74 KB
rat
  • #2,945
  • Jun 16, 2012 11:14am Jun 16, 2012 11:14am
Hi rattyo,

Quoting rattyo
your template using interbank and brocotrader give give different readings on the histogram if you look at these 2 4hr cable charts first chart Interbank second Brocotrader

it doesnt appear to be working with Broco trader?

only thing I can think is that interbank is 5 dig broker
Broco is a 4 dig broker
check if your indicators are the same? it seems that the Histo indicators on Broco are the old faulty ones.
If they are the same then check this fixed indicators...
http://www.stevehopwoodforex.com/php...p=13486#p13486

I know that they work for sure.

happy weekend,

NeoTrader
  • #2,946
  • Jun 16, 2012 5:07pm Jun 16, 2012 5:07pm
Quoting rattyo
Hi Bob

your template using interbank and brocotrader give give different
readings on the histogram if you look at these 2 4hr cable charts
first chart Interbank second Brocotrader

it doesnt appear to be working with Broco trader?

only thing I can think is that interbank is 5 dig broker
Broco is a 4 dig broker
Hi Rattyo,
I think indis are working correctly. The problem is you have noticeably different bars. Just put them side by side. So, different bars -> different reading.
I think this issue was touched somewhere in earlier posts.
  • #2,947
  • Jun 16, 2012 9:47pm Jun 16, 2012 9:47pm
Quoting rattyo
it doesnt appear to be working with Broco trader?

only thing I can think is that interbank is 5 dig broker
Broco is a 4 dig broker
..... does one broker have a "Sunday" candle and the other not?

It takes a lot for me to IGNORE you, but you can try.
  • #2,948
  • Jun 17, 2012 2:49am Jun 17, 2012 2:49am
Quoting NeoTrader
Hi rattyo,


check if your indicators are the same? it seems that the Histo indicators on Broco are the old faulty ones.
If they are the same then check this fixed indicators...
http://www.stevehopwoodforex.com/php...p=13486#p13486

I know that they work for sure.

happy weekend,

NeoTrader
yes thats sorted it out
the sunday bar, Broco doesnt
have a sunday bar interbank does.
Personally don't like the sunday bar
messes up the pivots on mondays etc.
rat
  • #2,949
  • Jun 17, 2012 4:21am Jun 17, 2012 4:21am
Hi, anyone can help to make this 10.1 indi's dots disappear from the screen (maybe a true/false option)? I like the lines but the dots do clutter the screen if used with other indis. For reference, see the picture, dots are all over.
Thanks,
Rewand
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 46 KB
Attached File(s)
File Type: mq4 10.1Daily SR - show sr lines.mq4   10 KB | 429 downloads
functionaltrader.com
  • #2,950
  • Jun 17, 2012 6:08am Jun 17, 2012 6:08am
Hi rewand,

Quoting rewand
Hi, anyone can help to make this 10.1 indi's dots disappear from the screen (maybe a true/false option)? I like the lines but the dots do clutter the screen if used with other indis. For reference, see the picture, dots are all over.
Your wish is my order...

took a little to figure out...but here you go..

added the external Parameter "showDots" if false no dots appear...if true, you guess..

if you want to reduce the line further search for

"if ( Show_SR_lines && !showDots ) fibStartBar = 10;"


(it is on Line 119) and decrease the value of 10 .


Enjoy and happy trading,

NeoTrader
Attached File(s)
File Type: mq4 10.1Daily SR - show sr lines noDots.mq4   11 KB | 389 downloads
  • #2,951
  • Jun 17, 2012 6:45am Jun 17, 2012 6:45am
Perfect NeoTrader, much appreciated.
Thanks!
Rewand
functionaltrader.com
  • #2,952
  • Edited 1:41pm Jun 18, 2012 6:02am | Edited 1:41pm
Shorted GBPNZD. Reason? The system told me so...

Update: Hit my 1st take profit for 0.5%, I have a second one running and I just entered a 2nd pair of trades at the S1. All in to profits now.

From backtesting and my feeling about it, I really feel this system have a very high edge compare to a lot of other trend systems.(and I have tested about maybe 6 different variations to date)

I wonder what exactly give it better edge over other trend systems.
Riding the order flow
  • #2,953
  • Jun 18, 2012 1:46pm Jun 18, 2012 1:46pm
AUDUSD, NZDUSD and NZDJPY is giving the text book signal to long now. D1 slope and H4 slope indicates so.

Will enter at the close of this H4 bar..... Its hard to live by faith and not by sight when it comes to trading because my mind is telling me to short. I will just force my self to shut my mind up.
Riding the order flow
  • #2,954
  • Jun 18, 2012 2:11pm Jun 18, 2012 2:11pm
Quoting Binyamin
AUDUSD, NZDUSD and NZDJPY is giving the text book signal to long now. D1 slope and H4 slope indicates so.

Will enter at the close of this H4 bar..... Its hard to live by faith and not by sight when it comes to trading because my mind is telling me to short. I will just force my self to shut my mind up.
am already long all these pairs since last candle close. As they all closed above weekly open line and had strength.
  • #2,955
  • Jun 18, 2012 2:47pm Jun 18, 2012 2:47pm
Quoting forexripper
am already long all these pairs since last candle close. As they all closed above weekly open line and had strength.
Just waiting for the 4H candle to close above daily pivot then I am in as well..
  • #2,956
  • Jun 18, 2012 3:49pm Jun 18, 2012 3:49pm
Bob,

I have been finding the Attached indicator really helpful on the smaller time frame of 30 min and 1 hour. It confirms trend and very clearly marks extreme swing points within the prevailing trend as well as counter trend points. It has adjustments that make it nice for both high and low volatility pairs. It does a nice job of visualizing a pullback within the prevailing trend. It helps with spotting good points to reenter that trend. It also gives a good insight into likely take profit areas. It use deviation built on fib numbers. It has a 5 day look back but that can be adjusted.

It work well with my setup that uses your system with some modifications I use based on my own experience as a trader. Such as me not being able to give up MACD SMI or the money flow index indicator which does a nice job of being a leading indicator. I think the MFI indicator is much overlooked really because every one says volume is not useful in Forex. However I find this not true at all when used like this indicator uses it. I think you know what I mean by not going with the prevailing thinking in Forex.
Doug
Attached File(s)
File Type: ex4 SDC_CompassFX.ex4   6 KB | 679 downloads
  • #2,957
  • Jun 18, 2012 4:38pm Jun 18, 2012 4:38pm
On the attached chart you can view what this looks like on the 30 minute with where EURUSD is today. Very enlightening. Sitting on the 1.618 standard lower outside channel well with in the uptrend and a possible long continuation from a nice swing low position. Not saying that is going to happen but certainly a strong possibility with confirmation from price and indicators. Please excuse the dark template. I have glaucoma and need contrast to see well.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 136 KB
  • #2,958
  • Jun 18, 2012 6:26pm Jun 18, 2012 6:26pm
Binyamin,

Would the AUD Monetary Policy Meeting have any effect on your decision? It is in two hours.

Quoting Binyamin
AUDUSD, NZDUSD and NZDJPY is giving the text book signal to long now. D1 slope and H4 slope indicates so.

Will enter at the close of this H4 bar..... Its hard to live by faith and not by sight when it comes to trading because my mind is telling me to short. I will just force my self to shut my mind up.
Yes, I do enjoy eating bananas. Very much.
  • #2,959
  • Jun 18, 2012 7:24pm Jun 18, 2012 7:24pm
I am long on gold.
  • #2,960
  • Jun 18, 2012 9:17pm Jun 18, 2012 9:17pm
Quoting Kelisa
I am long on gold.
Hey Kelisa

Can't do that in the US
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