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  • #3,781
  • Oct 18, 2012 2:29pm Oct 18, 2012 2:29pm
Hi everybody
yesterday morning i saw a consolidation in GPB/USD 15 min TF, so i put in there my manual box. My indicator settings didn't give me that box ( i use ONLY manual box ) so i followed that consolidation and entered in trade, (took a look at 1st pic.)
One hour before i got a loss, after one and half day, (looked at 2nd pic) my first loss after many trades and after more than 10 days..... i accepted it and i go straigth with a smile because i loose "only" 43 pips in front of more than 300 pips consecutively.
My council: remain simple!!!
Thanks everybody
Regards Frank
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  • #3,782
  • Oct 18, 2012 2:36pm Oct 18, 2012 2:36pm
Quoting fxglider
Hi everyone!

Thought I would share this setup with those of you who do not have time to watch the chart very often. I myself am full time employed and can only trade at night. I've setup this on the daily charts, which means I only have to be at the charts about 10 minutes before the next daily candle starts to see if a trade has setup. I've paper-traded this back 12 months and the results are really impressive. Also no martingale - only 1 trade per box. As we all know market conditions can change any time, but your stats will soon tell you when...
Nice work fxglider!

Yet another angle to trade this great strategy. The possibilities are endless!

This is the answer for the busy person who may be opposed to EAs.

I will be checking this out further as well.

Thanks for posting!
"Be the change that you wish to see in the world." --Gandhi
  • #3,783
  • Oct 18, 2012 3:51pm Oct 18, 2012 3:51pm
nice trade after 2 unsuccessful ones on NU. Here's the kicker though if I had drawn the zone by hand instead of using the indi's zone i would have only taken 1 trade and that would have hit profit. I am not taking anything away from the indi, its absolutely amazing, but if you can draw a zone, you should use that for the BO in my opinion. Too bad I spotted the zone late but there's always next time.
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  • #3,784
  • Oct 18, 2012 4:06pm Oct 18, 2012 4:06pm
Quoting forexhard
It turns out price did just reach the lower edge of the Oct 5 CZ, which is the point price took that 2000p nosedive from. Now we get to watch as the big dogs decide for us if this is going to be the ceiling, or if it becomes the floor. But man, what a beautiful revenge arc!
Just like FXH GU trade NU did the exact same thing
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  • #3,785
  • Oct 18, 2012 6:18pm Oct 18, 2012 6:18pm
Quoting fxglider
Hi everyone!

Thought I would share this setup with those of you who do not have time to watch the chart very often. I myself am full time employed and can only trade at night. I've setup this on the daily charts, which means I only have to be at the charts about 10 minutes before the next daily candle starts to see if a trade has setup.
What a great idea. My daily bars begin 0700 in Australia so it is an easy proposition. I look at these anyway so now an additional perspective.
Thanks glider.
  • #3,786
  • Oct 19, 2012 1:54am Oct 19, 2012 1:54am
I do my 5 Min boxes by hand. Settings are 16 x 80 and I use a trailing stop rather than a set TP target. Anyway, EUR/USD just broke out of a CZ of over 100 bars. Im waiting for 2 consecutive SHORT (in this example) closes and then Im in....

Attached Image (click to enlarge)
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  • #3,787
  • Oct 19, 2012 2:24am Oct 19, 2012 2:24am
Quoting dryclean
I place trades with multi lots of 3 ie. 3.0 or .3 or .03. I use an ea that will close trades by 1/3.

So if the 1st fib is 9 I set 1st TP to 8 pips (my boxbuffer is 1). If that hits then I move my SL to BE+2 Then trade 2 TP is set to the next fib, 20 pips.

If the trade hits the 2nd fib I set the last part of the trade to 9999 pips move the SL to the nearest grey line I have on the chart.

EU move in waves of 20 and that is what the grey lines are for.
I let that trade just run

I have been running an 81% win rate for the last month...
Nice work. Do you have an indicator that auto places the grey lines?

When you say you only take the best trades, what do you base your selection criteria on?
  • #3,788
  • Oct 19, 2012 3:28am Oct 19, 2012 3:28am
[quote=Zuke;6114536]I do my 5 Min boxes by hand. Settings are 16 x 80 and I use a trailing stop rather than a set TP target. Anyway, EUR/USD just broke out of a CZ of over 100 bars. Im waiting for 2 consecutive SHORT (in this example) closes and then Im in....



UPDATE: Finally got my 2 consecutive short candles and now entered the trade at 1.3053. Let see how she goes...

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  • #3,789
  • Oct 19, 2012 5:41am Oct 19, 2012 5:41am
Quoting A.w.o.l
Nice work. Do you have an indicator that auto places the grey lines?

When you say you only take the best trades, what do you base your selection criteria on?
Well here is 1 example of good trades Look how the PA is bouncing up and down between in the CZ box and the 2 grey 20 pip lnes. This is perfect for reversal trades.

ps you have to look and adjust the space line from time to time like now I would set it to 1.30770
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Attached File(s)
File Type: mq4 SpacedLines.mq4   4 KB | 642 downloads
  • #3,790
  • Oct 19, 2012 11:35am Oct 19, 2012 11:35am
And just like that, 1800p has been taken back.

Four CZ's this week, all successful. It was really entertaining watching the big dogs battle it out, and I have a feeling this isn't the last of it.

Time to grab a book and head for the pool...
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To improve is to change. To perfect, is to change often.
  • #3,791
  • Oct 19, 2012 12:21pm Oct 19, 2012 12:21pm
Quoting forexhard
And just like that, 1800p has been taken back.

Four CZ's this week, all successful. It was really entertaining watching the big dogs battle it out, and I have a feeling this isn't the last of it.

Time to grab a book and head for the pool...
May I ask what prompted you to change your settings from a 3-bar close to a 1-bar close in the past week?

Note that I am not trying to emulate your settings as I have my own sweet spots and preferences.
  • #3,792
  • Oct 19, 2012 12:44pm Oct 19, 2012 12:44pm
Hi everybody
one more nice trade! +35 pips...... nice week too....
Nice weekend to everybody
Regards Frank
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  • #3,793
  • Oct 20, 2012 12:37pm Oct 20, 2012 12:37pm
Quoting forexhard
BOOM, there she goes!
That was as great one to wake up to! I trailed out of that one.

wish we had those every day...lol

doji
  • #3,794
  • Oct 21, 2012 10:11pm Oct 21, 2012 10:11pm
Since it's so close to being published, this week I will be posting live pics of the EA in action. Here's the first, and we already have a CZ loaded up and ready for a breakout...
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To improve is to change. To perfect, is to change often.
  • #3,795
  • Oct 21, 2012 10:19pm Oct 21, 2012 10:19pm
Here's a close-up of the current CZ. The red artifact is a new feature called the Shadow Grid. The SG is a real-time representation of your default CZ filter settings. So if you are hunting CZ's that are 30p tall and 30 bars wide, then that's how big this artifact will be. It also shows your Buffer Line settings. My defaults are 25p X 35b X 2.5p BL.
Attached Image
To improve is to change. To perfect, is to change often.
  • #3,796
  • Oct 22, 2012 1:44am Oct 22, 2012 1:44am
Price broke to the north, and a 3-part Buy basket was opened, or 3 X .10=.30.

That red dashed line has nothing to do with the trade basket per se, it's my 100p emergency stop in cases of spike candles or server disconnect.

The Shadow Grid is also easier to see now.

Since my basket has 3 (.10) trades, the EA will be looking ahead to 3 customized stop levels, which I have set roughly 25p apart, plus Spread. The number of levels matches number of trades in your basket, and the max allowed is 5 -- although there is no limit on the spacing between them.
Attached Image (click to enlarge)
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To improve is to change. To perfect, is to change often.
  • #3,797
  • Oct 22, 2012 2:03am Oct 22, 2012 2:03am
Black TP level line added for easy reference. The goal/hope/expectation is to cross it before stopping out at the opposite edge of the CZ...
Attached Image (click to enlarge)
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To improve is to change. To perfect, is to change often.
  • #3,798
  • Oct 22, 2012 2:59am Oct 22, 2012 2:59am
Whee - I am looking forward to this. My main trading machine is in for repairs/modifications this week and will be all set to go. Can't wait to see what other mods you may have introduced. The extended "straight line" will be most interesting.
  • #3,799
  • Oct 22, 2012 3:07am Oct 22, 2012 3:07am
Quoting AltosTrader
....The extended "straight line" will be most interesting.
If you are referring to the black line, that's not part of the EA, I just added that in by hand for the sake of these posts. But yes, the EA and the Indi will both have quite a few new and unique features to look forward to.
To improve is to change. To perfect, is to change often.
  • #3,800
  • Oct 22, 2012 3:13am Oct 22, 2012 3:13am
Quoting forexhard
If you are referring to the black line, that's not part of the EA, I just added that in by hand for the sake of these posts. But yes, the EA and the Indi will both have quite a few new and unique features to look forward to.
Looking forward to it,hours of fun
Thanks
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