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D1 - 20 EMA & 50 EMA

  • #581
  • May 26, 2013 8:58pm May 26, 2013 8:58pm
Quoting Tpc23
100Pips: You are blessed with incredible patience. Sending you my appreciation for sharing this method and the Three Screen strategy. Both of your threads are truly inspirational. Thanks again, T

No problem! I'm glad you enjoy the two threads.
  • #582
  • May 26, 2013 9:46pm May 26, 2013 9:46pm
Quoting Miss Delta
{quote} Hi Britpip,I understand it can be so frustrating for you/s when Newbies (as I am) start asking things, I'm sure they only ask as a last resort after trying all sorts and no getting anywhere.I today for instance went back to a post in 2008 regards setting up a MACD regards MT4 not having the Signal Line, it was interesting reading all the opinions on getting rounds things and nice of some people who have downloaded charts etc to assist.I've actually been on a demo on/off for a few years - work stopping me from progressing etc, then you come...
No problem - I do appreciate when folks spend the tie to read the thread before asking questions - it does show a level of dedication and it also shows respect for the folks on the thread as the same questions get asked / answered multiple times.

Glad you found these two threads - 100pips does a fantastic job maintaining them and is incredibly gracious with his responses - unlike me at times
"To live with Passion, it takes Courage and Grace to survive"
  • #583
  • May 27, 2013 2:32am May 27, 2013 2:32am
Here we go, right on time with EUR / AUD / GBP vs USD

Only problem is, they are not going down !!!

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It takes a lot for me to IGNORE you, but you can try.
  • #584
  • May 27, 2013 2:55am May 27, 2013 2:55am
very impressed with the thread 100
One thing that confuses me is the closing of 7 trades of NZD/USD 194 ,129,135,160,32,67,92,-12 ,.Have you changed your profit stop loss policy as the nzd/usd should be 400/200 Looks like you closed the trades when they reached a combined total of 800 pips
Also another question Does the EA close trades or is this done manually?
  • #585
  • May 27, 2013 3:04am May 27, 2013 3:04am
For anyone new or just tuned in, here are 3 charts showing a SELL entry on the NZD-JPY today

This would be the very first trade since price went below both the 20 EMA and 50 EMA on Daily chart

Which would mean a change of trend, so if this survives, a monumental achievement I'm sure you will agree

And look at the entry on the 1 Minute chart - this is usually what happen to my BUY trades

Remember, use the EA on a demo account, do your testing before risking real dollars, euros, shekels, beads, whatever

Regards, E.

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It takes a lot for me to IGNORE you, but you can try.
  • #586
  • May 27, 2013 3:37am May 27, 2013 3:37am
good morning
Can somebody tell what is the meaning of the arrows
Attached Image
  • #587
  • May 27, 2013 3:56am May 27, 2013 3:56am
Quoting pret
good morningCan somebody tell what is the meaning of the arrows {image}
From post # 251 -

http://www.forexfactory.com/showthre...54#post6680754

As for the two arrows:

The top arrow represents the Daily trend: Red arrow pointing down means price is below both the 20 EMA and the 50 EMA.

The bottom arrow represents the H1 Williams %. When it turns green in the same direction as the green arrow pointing up then price is in BUY territory. When top arrow is red and pointing down then bottom arrow will turn red when price is over bought on the H1 time frame giving the go ahead for a sell signal.

If Yellow then that means that criteria is not being met for new trade entries. If you pull up the AUD/JPY Daily chart you will notice the EA is giving a Yellow X, this is because price is trapped between the 20 EMA and the 50 EMA on the D1 chart so it won't look to trade anything until price breaks out of that zone.

Just watch the EA and how it behaves in different situations and the colors and symbols will become clear.

100+PIPS may have to add this information to Post 1 ( or maybe already there? )

It takes a lot for me to IGNORE you, but you can try.
  • #588
  • May 27, 2013 5:07am May 27, 2013 5:07am
Quoting droland
I have attached a Multi Time Frame Williams Percent so that you don't have to change Time Frames to see the OB OS conditions on an H1 chart when you are on the D1 chart. {file}
Hi Droland,
Your indicator is interesting but it gives not the last data of the Williams Percent on the daily chart.
See the example below.
Can you correct it?
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  • #589
  • May 27, 2013 8:43am May 27, 2013 8:43am
My Trades Since 23 May
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  • #590
  • May 27, 2013 10:05am May 27, 2013 10:05am
Hi 100pipsaday

Are you using any VPS service if yes which company or you run your computer 24/7 for the EA on MT4

Thanks
  • #591
  • May 27, 2013 10:28am May 27, 2013 10:28am
Quoting pret
good morningCan somebody tell what is the meaning of the arrows {image}
What are those two arrows?
  • #592
  • May 27, 2013 10:35am May 27, 2013 10:35am
Quoting MKFXTrader
{quote} What are those two arrows?
Read posr 251
  • #593
  • May 27, 2013 10:36am May 27, 2013 10:36am
100 pips,

Great looking strategy thus far. EA seems to be working great.

I was noticing the spreads today. Many brokers spreads can become pretty wide during low volatility periods, like the US holiday today.
May not seem like a lot when you're shooting for 400-600 pips but it can add up.
Wonder what your thoughts were on add a filter to the EA to only take trades up to a certain spread.

Thanks again for your efforts.
  • #594
  • May 27, 2013 10:49am May 27, 2013 10:49am
Quoting pret
{quote}Read posr 251
Thx bro
  • #595
  • May 27, 2013 12:51pm May 27, 2013 12:51pm
Just got in on g/u. 35 pips so far. u/cad up just a little also. Just watch the 50 on the D. If it's flat watch for ranging periods.
  • #596
  • May 27, 2013 10:32pm May 27, 2013 10:32pm
Quoting raylin
very impressed with the thread 100One thing that confuses me is the closing of 7 trades of NZD/USD 194 ,129,135,160,32,67,92,-12 ,.Have you changed your profit stop loss policy as the nzd/usd should be 400/200 Looks like you closed the trades when they reached a combined total of 800 pipsAlso another question Does the EA close trades or is this done manually?

I simply closed them manually as I was anticipating a retracement to the upside which would have allowed me to lock in current profits and open up one more set of sell positions before the next leg down. Just looking for more total pips...

Trades are closed manually.
  • #597
  • May 27, 2013 10:34pm May 27, 2013 10:34pm
Quoting vids83
Hi 100pipsaday Are you using any VPS service if yes which company or you run your computer 24/7 for the EA on MT4 Thanks
I'm not using any VPS services. I just leave my MT4 platforms running all week.
  • #598
  • May 27, 2013 10:35pm May 27, 2013 10:35pm
Quoting spyderman
100 pips, Great looking strategy thus far. EA seems to be working great. I was noticing the spreads today. Many brokers spreads can become pretty wide during low volatility periods, like the US holiday today.May not seem like a lot when you're shooting for 400-600 pips but it can add up.Wonder what your thoughts were on add a filter to the EA to only take trades up to a certain spread. Thanks again for your efforts.

I never care about the spread as I am a swing trader. It has never bothered me before and it probably never will.

Maybe look for a better broker or don't trade when spreads are high? That will need to be a personal decision, not going to try and implement something like that into my strategy...

I forgot to mention, look at the Trade Explorer and you will see that we're up a little over 3% this week so far! Who cares about bank holidays...
  • #599
  • May 28, 2013 2:30am May 28, 2013 2:30am
Quoting Miss Delta
Thank you, that's really kind,I've been reading your Third Screen Strategy - off and on all weekendand as you can see - I've not asked anything yet I'm a big believer in going back to the drawing board - it's the only way,I'm also one of these that writes notes as I go - I never go back to thembut doodling info on paper seems to make it stick a little better. Anyway - thanks so much for your contribution on here, we really do appreciateit, I'm sure I speak for many Delta
Well said.

I read the whole thing from page1. I was really interested in this strategy mainly because I was using almost the same strategy too. Me being a newbie (I started Forex a little under a month ago - and stocks only late last year, if that matters), I had to read anything and everything about the trade (forex) and my system. I started to use (with the little experience I had) a 10-50 ema where I'd enter a long/short position if both crossed each other. I've gone through babypips and am halfway through the school and there was only about a page or two about MA's so I decided to side track a little bit and try it live. I blame my excitement. I had to stop for a week because I was getting frustrated. And here I found this 20-50 ema system which wasn't exactly like what I had in mind (only because it's better - the one I had in mind 10-50 ema cross thing had a lot of missing pieces, it felt like it anyway).

I always knew trends are perhaps the most helpful tool in trading, it's no secret that it's what most traders look and check into before placing any trade! I'm not too keen on the EA atm tho, I'm very new to this and I'm only beginning to be comfortable with mt4. In fact, going through this thread has taught me how to place custom indicators and how to back test EA's which I've failed to do so successfully (but I think I'm getting there). I'll slowly integrate the Ea once I get the hang of all these on a demo, for now I think following this thread should suffice, it is the same system after all.

So, not only am I thankful for 100pips, Erebus, Khaled_ctg, and all the other posters for the wonderful system but I also thank you for teaching me how to use mt4 as well! Keep up the good work, I'll be following this thread very closely.

PS. I'll hit this post with a real quick question, following how this system works pls tell me (just a plain yes/no will do) if I'm correct in the analysis I made on the attached screenies. I hope I won't disappoint.
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  • #600
  • May 28, 2013 2:34am May 28, 2013 2:34am
Quoting juanmat
{quote} Well said. I read the whole thing from page1. I was really interested in this strategy mainly because I was using almost the same strategy too. Me being a newbie (I started Forex a little under a month ago - and stocks only late last year, if that matters), I had to read anything and everything about the trade (forex) and my system. I started to use (with the little experience I had) a 10-50 ema where I'd enter a long/short position if both crossed each other. I've gone through babypips and am halfway through the school and there was...

You are 100% correct in regards to your understanding of this system!
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