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EJ_4H method

  • #401
  • Jun 4, 2006 12:43pm Jun 4, 2006 12:43pm
Hi Guys,

I would like to ask why when looking at a chart, which was loaded with the "ej 4h-dual stoch". template, in the indicators list there appears a list of seven windows with Stochastics, apart from the main chart?

Is this some bug maybe?

herty
  • #402
  • Jun 4, 2006 8:16pm Jun 4, 2006 8:16pm
I'm a fan of pop-up alerts so I took the EMAAnglezeroalert MQ4 and changed the EMA's to EJ_4H's and put in a pop-up alert that should also make a sound. I wasn't the original coder of emaanglezero but I just modified it.
Attached File(s)
File Type: mq4 EMAAnglezeroalert for EJ_4h.mq4   7 KB | 693 downloads
  • #403
  • Jun 5, 2006 4:59am Jun 5, 2006 4:59am
Dear All Friends,

This is a friendly reminder:

NO NEW THREAD FOR EJ_4H METHOD PLEASE!

I thank all of our members that never follow the new threads started by the new members that unwittingly or forgetfully start new threads related to EJ_4H Method.
Many thanks to FF moderator guys that always support me to make the best community here.

NEW MEMBERS should attentively read the first post to be awarned of what to do and what not to do after joining us. As a very old agreement we never start a new thread and by this, we never distract the attention and focus on the method. We will do all our activities in the framework of this thread.

ATB,
Ibo


  • #404
  • Jun 5, 2006 6:18pm Jun 5, 2006 6:18pm
i read the whole thread and all I see is renamed old indicators and some bla bla documents and the million dollar choice to wire some money for more info.

i don't want to point fingers and helping others to spot setups and teach trading in general is a good concept but it must be done in a fair way.

eurousdtrader, why don't you state that you use Vegas 4h method combined with ASCTrend/SilverTrend and ASCBars that have been around for a while? some sort of copyright note or reference would be advisable.

i like that you teach your stuff in steps for a newbie to easily follow but I would reconsider giving you any money just for that.

private mentoring sounds nice but who are you to teach? Vegas spent whole pages just to tell his story.

i read your all 4 documents and it did not make sense that much and I am not even a professional trader.

i do apreciate that you put some pieces to gether and show how to build a system from scratch to newbie. its better to learn this way than from $2000 closed code systems that bring nothing.
  • #405
  • Jun 6, 2006 12:17am Jun 6, 2006 12:17am
Thanks for the opinion.

Quoting piccolo
i read the whole thread and all I see is renamed old indicators and some bla bla documents and the million dollar choice to wire some money for more info.

i don't want to point fingers and helping others to spot setups and teach trading in general is a good concept but it must be done in a fair way.

eurousdtrader, why don't you state that you use Vegas 4h method combined with ASCTrend/SilverTrend and ASCBars that have been around for a while? some sort of copyright note or reference would be advisable.

i like that you teach your stuff in steps for a newbie to easily follow but I would reconsider giving you any money just for that.

private mentoring sounds nice but who are you to teach? Vegas spent whole pages just to tell his story.

i read your all 4 documents and it did not make sense that much and I am not even a professional trader.

i do apreciate that you put some pieces to gether and show how to build a system from scratch to newbie. its better to learn this way than from $2000 closed code systems that bring nothing.
  • #406
  • Jun 6, 2006 12:57am Jun 6, 2006 12:57am
I didn't want to be the first one to say anything before but I did notice that the signal given was the same as silver trend indicator from the beginning. However, you can't accuse the EJ method of just re-using old indicators. It's the way that it was put together in a system and taught. Vegas method has different approach to the same idea and if people want to follow EJ's way ... then so be it.

Private tutoring take up people's time and it's shouldn't be free. If this is a scam ... then it wouldn't last long. I myself wouldn't pay for this ... I would take the ideas already given out for free and try to make sense of it on my own.
  • #407
  • Jun 6, 2006 4:33am Jun 6, 2006 4:33am
well, it does not matter that much where the indicators and signals are from and Ibo explains how to use them. maybe I was a bit too harsh in my previous post.

i am currently working to implement all 3 Vegas methods into a decent EA with proper MM. As Vegas said somewhere he trades the method that best suits given situation and that it does not prefer neither 1h, 4h nor daily over each other. so my EA should deside which method to use in changing markets and how much to risk. A Bot will never outperform a skilled trader but it could prove itself to be self sufficient and that is what I am looking for at the moment.

i don't have the time to stare at charts for 24/5 and even if I did I still would not want to do it. As Eurousdtrader said, short time frames are a lot of needless stress.

however, the major problem and in my mind it is not addressed here enough is how to spot the wrong signals and exit in a timely fashion. probably Money Management will be discussed in the Part V+ documents.

I need an EA to provide a base of building my FX trader career. Maybe it is possible, maybe not.
  • #408
  • Jun 6, 2006 2:24pm Jun 6, 2006 2:24pm
Quoting piccolo
well, it does not matter that much where the indicators and signals are from and Ibo explains how to use them. maybe I was a bit too harsh in my previous post.

i am currently working to implement all 3 Vegas methods into a decent EA with proper MM. As Vegas said somewhere he trades the method that best suits given situation and that it does not prefer neither 1h, 4h nor daily over each other. so my EA should deside which method to use in changing markets and how much to risk. A Bot will never outperform a skilled trader but it could prove itself to be self sufficient and that is what I am looking for at the moment.

i don't have the time to stare at charts for 24/5 and even if I did I still would not want to do it. As Eurousdtrader said, short time frames are a lot of needless stress.

however, the major problem and in my mind it is not addressed here enough is how to spot the wrong signals and exit in a timely fashion. probably Money Management will be discussed in the Part V+ documents.

I need an EA to provide a base of building my FX trader career. Maybe it is possible, maybe not.
What do you mean saying EA?

Ishay
  • #409
  • Jun 6, 2006 2:59pm Jun 6, 2006 2:59pm
Quoting Ishaypesok
What do you mean saying EA?

Ishay
Expert Advisors. The thing that does the auto-trading for you.

I must say there was an EA for the EJ_4H posted a while back. I started testing with a demo account the other day and have been impressed with the results so far.

Don
  • #410
  • Jun 6, 2006 4:19pm Jun 6, 2006 4:19pm
Hi everyone...

The other day the server went down for a little while there were a few things that happened one was My access to the forum was limited and some of the threads were disturbed I noticed that the vote rating has dropped, so did the number of views, which should not be possible.. If it is not to much bother, could everyone who voted go and vote again. If the system accepts your vote and you already voted, the rating file could have been damaged... Or there could have been something that happened when I put two posts in this thread from extraneous threads...

Thanks Much, Scott
  • #411
  • Jun 6, 2006 9:32pm Jun 6, 2006 9:32pm
This is kind of an answer to the angry letter of piccolo. It is not that I am pro or anti, just a thought.



I am interested to pick Ibo’s brain as much as I can, for example. One of the reasons is that he is definitely a foreigner so he thinks differently and may have an alternative view on the market.



See, you knew all systems that Ibo presumably borrowed, and I am sure they were more than enough to make you a very rich and happy person already, if used properly. Then you are not busy any more because the market takes care of you.



I am also working with another guy, who is consistently making dozens or even hundreds percents of his account every month. What he has on his charts? MACD with the basic settings, basic stochastics, PPs and 2 EMAs, and that is it. 10 pips a day, as he likes to say, and these tools is all you need to become a multimillionaire very fast.



People who really succeeded developed something else, behind the scene knowledge, if you wish. Their secret is irrational. When they, for whatever reason, decide to share their secrets, read it through many times trying to get in between the lines. That is where the real secret is. It is not about what toys you use. It is about what is going on inside of you when you use them and no technology will help you here.



Of course, this is just my humble opinion.

Cheers.
  • #412
  • Jun 7, 2006 4:13am Jun 7, 2006 4:13am
Hello,
Thanks for the notes,

I think I have talked about this fact that I'd like to say 50 pips a week rather than 10 pips a day. When you tighten the numbers of the profits that you need to make for a living, you will have a trouble, because you will think that you have to get 10 pips each day and this will force you enter trades that are not good ones, why you don't say 1 trade a week with a target of about 100 pips or two trades a week with 50 pips of target for each?

There is a big truth that we need to learn basics of day trading, because always we can not trade on higher time scales (like the recent market in majors) in a ranging market we have to day trade, get less pips but make several trades. Plus, all day trading concepts is a good tool to time the best entry when you are trading hogher time frames like H4 and daily.

Close price is the most important price. Candle charts is one of the best charting methods that traders use. After closing each candle we usually have to check the type of candle (open/close price, range, is it a candle pattern like spinnig top, hammer, doji and so on). If you trade on hourly you have to check the market off every one hour during the sessions. In fact you will have a killing job and many traders (that I have seen) could not tolerate more than a year. Moreover smaller time scales are less technical and most of the time disappoint traders especially newbies that are interested in getting good results of what they have learned about trading forex.

I recommend that you learn intraday trading basics but never develop your main strategy on smaller time scales.

I hope this helps,
Excuse me for this long letter,
Best,
Ibo



Quoting zzz
This is kind of an answer to the angry letter of piccolo. It is not that I am pro or anti, just a thought.



I am interested to pick Ibo’s brain as much as I can, for example. One of the reasons is that he is definitely a foreigner so he thinks differently and may have an alternative view on the market.



See, you knew all systems that Ibo presumably borrowed, and I am sure they were more than enough to make you a very rich and happy person already, if used properly. Then you are not busy any more because the market takes care of you.



I am also working with another guy, who is consistently making dozens or even hundreds percents of his account every month. What he has on his charts? MACD with the basic settings, basic stochastics, PPs and 2 EMAs, and that is it. 10 pips a day, as he likes to say, and these tools is all you need to become a multimillionaire very fast.



People who really succeeded developed something else, behind the scene knowledge, if you wish. Their secret is irrational. When they, for whatever reason, decide to share their secrets, read it through many times trying to get in between the lines. That is where the real secret is. It is not about what toys you use. It is about what is going on inside of you when you use them and no technology will help you here.



Of course, this is just my humble opinion.

Cheers.
  • #413
  • Jun 7, 2006 5:35am Jun 7, 2006 5:35am
piccolo,

What you need first is a good theripist, who can properly analyse your brain functions. I don't think you are capable enough for trading.

The kind of mindless attack to IBO just shows how sick you are.

Before analysing EA's and Indicators, Please go and test your mind in some good clinic..I don't think thats avaiable from where you coming .so please browse the net and test some method on yourself before coming here.


IBO,

Some people just don't get it. I know the pain it takes for a newbie to learn any new systems and here you are teaching the tricks of the trade for free. I'm ever gratefull to you for taking your time and sharing your thoughts.

Please continue the great work....there are 100's like me who will vouch for the good work you are doing...

Some people just can't fill themselves from taking ..never even saying a thankyou.

Moderators, I know personal attacks are not allowed in here. I'm sorry for that...But the msg from piccolo is just too much insulting without knowing the facts of the thread starter.

piccolo, You were not only harsh but unashamed on yourself, as if you were, you could have read the enire thread and asked for advice on EA.
  • #414
  • Jun 7, 2006 6:21am Jun 7, 2006 6:21am
Dear Friends,
Thank you all for your kindly support.

We have a very congenial and friendly group here and I am happy that I could be a bit of help. We never let others distort this friendship but this is life and different people have different thinkings.

I have a friendly request: don't waste your time/life for such talks, we are here to learn from each other about trading. Let's forget the past and start off.

ATB,
Ibo



Quoting lavista4u
piccolo,

What you need first is a good theripist, who can properly analyse your brain functions. I don't think you are capable enough for trading.

The kind of mindless attack to IBO just shows how sick you are.

Before analysing EA's and Indicators, Please go and test your mind in some good clinic..I don't think thats avaiable from where you coming .so please browse the net and test some method on yourself before coming here.


IBO,

Some people just don't get it. I know the pain it takes for a newbie to learn any new systems and here you are teaching the tricks of the trade for free. I'm ever gratefull to you for taking your time and sharing your thoughts.

Please continue the great work....there are 100's like me who will vouch for the good work you are doing...

Some people just can't fill themselves from taking ..never even saying a thankyou.

Moderators, I know personal attacks are not allowed in here. I'm sorry for that...But the msg from piccolo is just too much insulting without knowing the facts of the thread starter.

piccolo, You were not only harsh but unashamed on yourself, as if you were, you could have read the enire thread and asked for advice on EA.
  • #415
  • Jun 7, 2006 6:37am Jun 7, 2006 6:37am
Quoting lavista4u
piccolo,

What you need first is a good theripist, who can properly analyse your brain functions. I don't think you are capable enough for trading.

The kind of mindless attack to IBO just shows how sick you are.

piccolo, You were not only harsh but unashamed on yourself, as if you were, you could have read the enire thread and asked for advice on EA.
Hi All (including piccolo),

IBO is free to express himself and to share his knowledge the way he sees best. Mindless attack on the work of others is not to be encouraged. Ibo has spent a lot of time presenting his material and it is totally irrelevant where he got it from or whose system he is presenting. Even VEGAS [that Piccolo refers to] said in his documentations that people should take his idea(s) and run with it. No one system is perfect and people should be encouraged to think outside the box (as often as possible). Development comes from taking what someone has done and adjusting it to suit your style.

I have constantly come across people (mainly like Piccolo) who attack the work(s) of others without offering positive solutions or ideas. They go from forum to forum with their eyes closed and attack anything that is similar to what they have read somewhere else. I find it strange that Piccolo also asks for later versions of EJ_4HR method documentations??? All this is not important, what matters is that we keep sharing and working together to become better at trading.

Happy trading all and please lets get back to talking about the markets. Any ideas welcome. Lets stay FOCUSED

MM
The greatest achievements are those that benefit others....
  • #416
  • Jun 7, 2006 8:23am Jun 7, 2006 8:23am
i found envelopes around 55 SMA helping me to determine eisier what Ibo refers to as a good distance between the MAs. just zoom out every currency pair you trade and find the best fit for the last several moves. I always keep envelopes on my charts, they are like a roadmap. so, if a currency is sitting in the top zone, the buy is questioning, and the same goes for the downside. same idea as vegas's fibo lines, but to me much simpler and more obvious.
Attached Image
  • #417
  • Jun 7, 2006 8:27am Jun 7, 2006 8:27am
Hello

I did reread my original post and did not find anything that bad but never mind, maybe I just had a boring day at the office and probably should check my brain next time I'm in New York as according to lavista4u we don't have medical facilities here. ( I don’t want to argue on that).

I do appreciate Ibo’s work and effort and lets listen to mmbmusa and concentrate back on trading.

Maybe in the weekend I’ll look at chinplant’s EA for Ibo’s system and try to improve it a bit (or if necessary start from scratch) for the benefit of us all.
(now it just makes strange trades I wouldn’t open manually). As for a 4H method alerts on e-mail and sms are necessary.

Cool off everybody and defend your bank account, not some lame discussions.
  • #418
  • Jun 7, 2006 1:35pm Jun 7, 2006 1:35pm
Hi everyone,

I think the EA that Chinplant posted (I believe it was back on page 20 or 21 of this thread) definitely has good potential. I've been letting it run for the past couple of days, and so far it has been impressive. I've been exiting parts of the trades at specific target points manually, but it seems to do a good job of something that is most difficult for me. Finding an entry point. Has anybody else experimented with this?

Thanks!
  • #419
  • Jun 7, 2006 9:20pm Jun 7, 2006 9:20pm
Quoting 4x4tx
Hi everyone,

I think the EA that Chinplant posted (I believe it was back on page 20 or 21 of this thread) definitely has good potential. I've been letting it run for the past couple of days, and so far it has been impressive. I've been exiting parts of the trades at specific target points manually, but it seems to do a good job of something that is most difficult for me. Finding an entry point. Has anybody else experimented with this?

Thanks!
What are the settings you are using?

thanks
"We are the superior beings, we obey no one!"
  • #420
  • Jun 8, 2006 2:38am Jun 8, 2006 2:38am
Hello,

Anybody who tests or has tested the EA and has gotten good results please inform the other of : the setting and the performance.

I think this will gain the time,
Happy trading,
Ibo

Quoting bigballer
What are the settings you are using?

thanks
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