Vegas Wealth Builder - Part I | Page 17 | Forex Factory

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Attachments: Vegas Wealth Builder - Part I
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Vegas Wealth Builder - Part I

  • #321
  • May 26, 2006 1:01pm May 26, 2006 1:01pm
Quoting diallist
You need to insert the indicator twice. Then right click on the chart and select "Indicators List". You then see both copies of the indicator listed. Set one of them to model #1 and set the other to model #2.

Dial
I've tried this, but for some reason can't insert the indicator twice. When I pull up the indicator list, I only see it listed once. Has anyone had this problem?

Also, how do you set the Vegas Daily Currency indicator to "model 1" or model 2"? I don't see this anywhere on the indicator. (This may be why I'm having trouble with the first question.

Thanks for your help!
Beth
  • #322
  • May 26, 2006 1:20pm May 26, 2006 1:20pm
Quoting Beth
I've tried this, but for some reason can't insert the indicator twice. When I pull up the indicator list, I only see it listed once. Has anyone had this problem?

Also, how do you set the Vegas Daily Currency indicator to "model 1" or model 2"? I don't see this anywhere on the indicator. (This may be why I'm having trouble with the first question.

Thanks for your help!
Beth
Sorry, bad instructions. You have to insert the first one, set the risk model, then insert the second one and set the risk model. If you try to insert two with the same risk model, the second one is ignored and doesn'nt show up on the list. Here, try it this way:

Click Insert>Indicators>Custom then choose Vegas Currency Daily from the list that appears. When you click on it, a dialog box with four tabs at the top should appear. Click the Inputs tab an you will then see a line labeled RiskModel with a default value of 1. If it is not 1, then make it so. Click OK.

Now do it all again, only this time change the RiskModel to 2 before clicking OK.

You should now have two copies of the indicator overlaid on your chart.

Dial
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  • #323
  • May 26, 2006 4:29pm May 26, 2006 4:29pm
Quoting Beth
I've tried this, but for some reason can't insert the indicator twice. When I pull up the indicator list, I only see it listed once. Has anyone had this problem?

Also, how do you set the Vegas Daily Currency indicator to "model 1" or model 2"? I don't see this anywhere on the indicator. (This may be why I'm having trouble with the first question.

Thanks for your help!
Beth
Hi Berth and welcome to Forex Factory!

We are here to party!

Anywhoo, you can check out this thread to aid you too:
http://www.forexfactory.com/forexfor...ead.php?t=4497

Hope it helps.

East

P.S.
Sorry for stepping on your shoes Dial....
  • #324
  • May 26, 2006 9:02pm May 26, 2006 9:02pm
I currently have so much on the go that I am pressed for time.I am also testing another system now. I have a simple question. This thread is into 22 pages now and so I assume that many people have tried the Vegas Wealth Builder system.
Is anyone using it exclusivly and getting consistant positive results .

(Real money traders only please.)
  • #325
  • May 29, 2006 6:45am May 29, 2006 6:45am
hi,

has anyone in here done the programming for vegas wealth builder on metatrader?? does it work?? can u share the code??
  • #326
  • May 29, 2006 8:17am May 29, 2006 8:17am
Quoting ns_karthik
hi,

has anyone in here done the programming for vegas wealth builder on metatrader?? does it work?? can u share the code??
Check out the first post on this thread, the files are there.
  • #327
  • May 29, 2006 9:35am May 29, 2006 9:35am
but that does not have any mq4 file i guess..or does it??
  • #328
  • May 29, 2006 3:51pm May 29, 2006 3:51pm
First post here.

Just curious how many having been using this system (demo or real) and what kind of results they are getting?

At the moment it doesn't look as though there is any currency approaching a fib line. So presumably I may take me several days to be able to see some signals that would indicate a trade.
  • #329
  • May 29, 2006 3:55pm May 29, 2006 3:55pm
In the second thread (that is a sticky) of the Beginners Forum, you will find all the indicators and instructions for all Vegas methods.

http://www.forexfactory.com/forexfor...ead.php?t=4365

Thanks Scott

Quoting ns_karthik
but that does not have any mq4 file i guess..or does it??
  • #330
  • May 29, 2006 3:58pm May 29, 2006 3:58pm
The market of late has not been very conducive to the Vegas method. However I have broken even on most trades using these methods and made slight profits.

In the past these methods have done very well. But, as is the way with all markets there is not just one method that will work in all conditions without adaptation.

Thanks Scott


Quoting willf
First post here.

Just curious how many having been using this system (demo or real) and what kind of results they are getting?

At the moment it doesn't look as though there is any currency approaching a fib line. So presumably I may take me several days to be able to see some signals that would indicate a trade.
  • #331
  • May 29, 2006 6:13pm May 29, 2006 6:13pm
Quoting Artamon
This is spot on. The key is to move SL to BE as soon as possible. This still may not be possible is some situations, but it will decrease amount of losing trades.

Andrew.
This simple rule is the key. Capital preservation.
The future depends on what we do in the present.
  • #332
  • May 29, 2006 8:46pm May 29, 2006 8:46pm
I found an Epert Advisor for the Vegas Method. I was not able to get it to work in SBFX platform. I do not know anything about coding so I was not able to use it. The author of the EA name is Chris Battles and when I sent an email to him it bounced back not able to deliver. I have been look for him on these forums or another EA for Wealth Builder.



Quoting ns_karthik
hi,

has anyone in here done the programming for vegas wealth builder on metatrader?? does it work?? can u share the code??
  • #333
  • May 30, 2006 12:58am May 30, 2006 12:58am
I've always thought that it's kind of silly for indicators and experts to be separate, since they're usually used the same way. It should be easier to convert MT4 indicators into experts and vice versa. Ideally there would be no difference, or there would be such a thing as an expert/indicator.

I have problems with the programming language and interface. Indicators are written by filling buffers with data in order to show stuff on the screen. Experts are written by generating orders. So far there's no way to use an indicator to generate an order, as far as I can tell.
  • #334
  • May 30, 2006 1:02am May 30, 2006 1:02am
Use MT4 for charting until it stops producing a feed and your broker keeps its feed going, such as weekends and holidays.
  • #335
  • May 31, 2006 4:53pm May 31, 2006 4:53pm
Quoting diallist
Sorry, bad instructions. You have to insert the first one, set the risk model, then insert the second one and set the risk model. If you try to insert two with the same risk model, the second one is ignored and doesn'nt show up on the list. Here, try it this way:

Click Insert>Indicators>Custom then choose Vegas Currency Daily from the list that appears. When you click on it, a dialog box with four tabs at the top should appear. Click the Inputs tab an you will then see a line labeled RiskModel with a default value of 1. If it is not 1, then make it so. Click OK.

Now do it all again, only this time change the RiskModel to 2 before clicking OK.

You should now have two copies of the indicator overlaid on your chart.

Dial
Thanks for your help, Dial. Worked superbly.

One things that I might add to your instructions is that when you want to change the RiskModel, you have to double click on the line. It took me a minute to figure that out. Hopefully, that will help anyone else, too, who hasn't used MetaTrader4 before.

Incidentally, my inability to get this thing to work forced me to figure out how to get my own charting software to do this. So for anyone who uses Genesis Financial, I've got the custom indicator worked out. It isn't as easy as using one indicator, unfortunately, but it works quite well once you have it set up.

Beth
  • #336
  • May 31, 2006 5:51pm May 31, 2006 5:51pm
Quoting Beth
Thanks for your help, Dial. Worked superbly.

One things that I might add to your instructions is that when you want to change the RiskModel, you have to double click on the line. It took me a minute to figure that out. Hopefully, that will help anyone else, too, who hasn't used MetaTrader4 before.

Incidentally, my inability to get this thing to work forced me to figure out how to get my own charting software to do this. So for anyone who uses Genesis Financial, I've got the custom indicator worked out. It isn't as easy as using one indicator, unfortunately, but it works quite well once you have it set up.

Beth
Beth, is there a difference between Genesis Navigator and Financial? I've seen Brain Talbot describe how he uses Navigator with VantagePoint software.

Trinity
  • #337
  • Jun 2, 2006 3:36pm Jun 2, 2006 3:36pm
Quoting vegas
Dialist,
...I will start by saying that I almost never wait for the close to initiate a full position. I am already in alert mode before the day begins because the market is trading at or very near the appropriate fib level for the currency pair. What I am now most interested in at this point are 2 things. 1) Speed and momentum moving away from the high or low [whichever case is appropriate] of the day, and 2) Starting with the European session [roughly 4 am est] and moving forward into the US session, where is the 50% retracement of the days range taking place.

Quick Speed [or momentum] away from the high or low of the day signals pure exhaustion, and moving past the 50% mark signals this potential reversal day has a high probability of occuring. Therefore I will initiate some positions if the market can overcome this 50% hurdle. As the day wears on, if I'm right, I will add more as the market powers on ahead. By the close I have a full position with superior pricing...
If one is not able to take positions intraday because of work, what adaptations to the system are needed?

Can someone list the currency pairs and maybe the times when they are actively traded?
  • #338
  • Jun 10, 2006 12:04am Jun 10, 2006 12:04am
Quoting HeavyJ
Dial's work on the 4Hr Tunnel is brilliant IMHO. He has honed a great modell into a great system! The Knife! In his teaching in the PF he shares his understanding of the Vegas model which is astute. He adds tweaks which help make the system more powerful. His tweaks are necessary and yet only serve to enhance the system. These tweaks I am sure came to him after his understanding of the V4T model.
where can i find more info on Dial's work with the 4 hour tunnel method?
  • #339
  • Jun 10, 2006 1:10am Jun 10, 2006 1:10am
Quoting clam61
where can i find more info on Dial's work with the 4 hour tunnel method?
Hi clam,

You can find some for free in the Lost in the Tunnel thread that was started by HeavyJ. The full tutorial for the Knife is in the James16 Group private forum. You can click on the link in my signature for more information.

Thanks for asking.

Dial
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  • #340
  • Jun 10, 2006 5:39am Jun 10, 2006 5:39am
Perhaps the best quote from all of Vegas's docs is when he says "Humpty Dumpty was an arrogant egg.."

When I read that, it reminded me to always, keep that ego in check..
google:
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