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Sonic R. System

  • #50,281
  • Jun 4, 2013 8:22am Jun 4, 2013 8:22am
Quoting emmanuel7788
{quote} Sonic, Very nice trades ... I see. Did you add new position when price move above your initial entries? Cheers! EMMANUEL

I have a range of price .. example

I open Long trade @ 100 and my SL is @ 40,, so as long as the price is between 60 ~ 100 I will add positions when bullishness appear that suit my exposure...


Inserted Video


Sonic

BTW: Nice and clean chart u have there
  • #50,282
  • Jun 4, 2013 8:44am Jun 4, 2013 8:44am
Quoting emmanuel7788
{quote} ArtfulDodger, Now it gets better when we can see where all trades ended and with pips printed on charts too. Cheers! {image}
I tested your modification, and it seems the numbering for the EP's is reversed.

My initial EP ends up being shown as EP3 after entering the 3rd EP, which is
shown as EP1

???

  • #50,283
  • Jun 4, 2013 8:57am Jun 4, 2013 8:57am
  •  St3ve
  • | Joined Jan 2013 | Status: Recovering from losses ... | 77 Posts
Quoting ArtfulDodger
{quote} I tested your modification, and it seems the numbering for the EP's is reversed. My initial EP ends up being shown as EP3 after entering the 3rd EP, which is shown as EP1 ???
Just be patient and wait for the next release - it is already fixed!

steve
  • #50,284
  • Jun 4, 2013 9:05am Jun 4, 2013 9:05am
Quoting traderathome
{quote} EU Short Trade: Added short trade #6 via pending order that later executed, Scout. PVSRA same as before showing at the time of execution of the pending order, the MMs were involved in a push up of the price on very active trading as they took it up thru the whole number for the second time, immediately followed by a strong selloff from the highs= MMs are bears. No SL. TP is adjusted for new trade component, and is tentative. {image}
EU Short Trade:

Added short trade #7, Classic. No SL, and TP (tentative) is revised.
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  • #50,285
  • Jun 4, 2013 9:08am Jun 4, 2013 9:08am
GU Short Trade:

Entered short trade #1, Classic. M15 PVSRA shows about two hours after LO the MMs shot the price up on a very active bar, and also just a couple bars before current the US MMs have done the same, taking the price above the whole number. Both indicate MMs are bears striking price higher to add shorts.
Attached Image (click to enlarge)
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  • #50,286
  • Jun 4, 2013 9:43am Jun 4, 2013 9:43am
Quoting emmanuel7788
{quote} Hi St3ve, I made some small additions to the version you posted to draw the arrows on the chart where the actual orders using the data from the terminal order details. The arrows will show exactly where the entrey order were placed with date and time stamped. I tested it today and it works so far except that the original Trade Levels do not show up in the correct chronologicall order. I think the logic is in the original coding.I will see if I can fix that over the next few days when I have time. see chart example below: also attached the...
Emmanuel7788,

Now this is very nice work. My compliments.

-tah
Attached Image (click to enlarge)
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  • #50,287
  • Jun 4, 2013 9:50am Jun 4, 2013 9:50am
Quoting traderathome
{quote} EU Short Trade: Added short trade #7, Classic. No SL, and TP (tentative) is revised. {image}
I have a gift for you, stve have give you code, so do i, carry some from this thread so i share some.
i mod a code with 10 level entry, i dont use it , but it work similliar like you doing.
for your backtest yearly.

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Attached File(s)
File Type: mq4 MULTILEVEL.mq4   18 KB | 572 downloads

  • #50,288
  • Jun 4, 2013 9:57am Jun 4, 2013 9:57am
Quoting jasakreatif
{quote} I have a gift for you, stve have give you code, so do i, carry some from this thread so i share some. i mod a code with 10 level entry, i dont use it , but it work similliar like you doing. for your backtest yearly. {image}{file}
jasakreatif,

Thank you. Personally, I have never gotten into coding using MT4 orders, etc., so that stuff is beyond me. Seems you, emmanuel7788 and St3ve have a good working knowledge, so hopefully the sharing being done here will result in an end product that will be pleasing to all.

-tah
  • #50,289
  • Jun 4, 2013 10:10am Jun 4, 2013 10:10am
hi professor TAH
can you give me this indicator that display The price of trading
  • #50,290
  • Jun 4, 2013 10:13am Jun 4, 2013 10:13am
Quoting traderathome
{quote} GJ Short Trade: Added short trade #10, Scout. M1 PVSRA shows price being cycled up with highest trading at the highs of each cycle, indicating the MMs are bears and are shorting at the successive highs achieved. No SL. TP adjusted and remains tentative. {image}
GJ Short Trade:

Added short trade #11, Scout. PVSRA shows MMs recently took price above half number SR and then ran the price back down. This seems like a good place to add, but I am only guessing that the price will further weaken from this point. I could be wrong, have been before.
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  • #50,291
  • Jun 4, 2013 10:20am Jun 4, 2013 10:20am
Quoting abyarforx
hi professor TAH can you give me this indicator that display The price of trading
Hi abyarforx,

If you have been catching up on reading the posts since you last logged in you know this is being worked on, with St3ve, emmmanuel7788, etc. contributing coding ideas to improve it from the what was last released.

So, you should be patient for the upgrade. Or, you know where to find what was released, don't you?

-tah
  • #50,292
  • Jun 4, 2013 10:21am Jun 4, 2013 10:21am
AU closed 2 trades.
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Newbie trader
  • #50,293
  • Jun 4, 2013 10:35am Jun 4, 2013 10:35am
Market Comment:

Seems the MMs are still setting things up, not yet ready to make any big runs for profit. EU, GU, the YEN pairs, all have cycled up and down, but no breakouts yet. They are still building, I think.

Maybe tomorrow.
  • #50,294
  • Jun 4, 2013 10:37am Jun 4, 2013 10:37am
Quoting jasakreatif
{quote} I have a gift for you, stve have give you code, so do i, carry some from this thread so i share some. i mod a code with 10 level entry, i dont use it , but it work similliar like you doing. for your backtest yearly. {image}{file}
According to my backstest, this EA made 3.6% from 100,000.00 during May this year. The drawdown was 5.09%

I have a question though. Do you know what logic of entry does this EA use? Is it linked to Volume data? Cause as I see It's always in the market...
  • #50,295
  • Jun 4, 2013 11:01am Jun 4, 2013 11:01am
AU Long scout 1H
Doji candle confirming support cluster (support + DS1+Fibo 61%)
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  • #50,296
  • Jun 4, 2013 11:18am Jun 4, 2013 11:18am
Quoting aussie2010
AU Long scout 1H Doji candle confirming support cluster (support + DS1+Fibo 61%) {image}
aussie2010,

This is how I see it. Be careful.
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  • #50,297
  • Jun 4, 2013 11:31am Jun 4, 2013 11:31am
Quoting traderathome
{quote} aussie2010, This is how I see it. Be careful. {image}
It seems i was wrong , so far its not holding the support zone anyway i will respect my small SL
I think your view point is correct , Thanks for the warning prof. TAH
  • #50,298
  • Jun 4, 2013 12:26pm Jun 4, 2013 12:26pm
The big protagonist in the following days could be the EJ. All I see is UJ being bearish + EU being bearish. The drop can be pretty cool in EJ. I'm starting to build position (short ofc). No pic because I'm in the phone
To fail is just an opportunity to learn
  • #50,299
  • Jun 4, 2013 12:34pm Jun 4, 2013 12:34pm
I put it for you Tymedu, these points may be of interest?
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Newbie trader
  • #50,300
  • Jun 4, 2013 12:59pm Jun 4, 2013 12:59pm
Ty FEX, I'm already at home but tyvm.

Understanding the market phases

------------------------
Disclaimer: This is only my point of view, so I could be completely wrong about it, have been before. So please, trade based only on what you see. But this is a forum and we are here to share our thoughts, so this is mine.
------------------------

This is what I'm seeing in UJ. Take a look to the image I attach. I highlighted 4 zones. I know the zoom is too farm but there is not a better way to show everything. You can look at your charts with a closer zoom to have more details.

The first one is a markup phase. If you see it, it's a strong movement with clear swings. Quite a rally. After that markdown we have the first weakness sign with a big bearish candle with big volume. This is just a first sign and we have to be careful with our longs. It can go higher (and it went higher) but we had our first warning. Since that moment, the volume started to change, not only in 1H chart, also in 15,5 and 1 minute.

Second phase. The distribution phase. Sometimes it's a range, sometimes a wedge... it has different shapes, but the meaning is the same. In this case it was like a channel. But in this phase we can see how the volume is starting to increase at the tops and not at the bottoms. However, every time we have a considerable bearish candle, the reaction is bullish. And when the price tried to go up in a strong way, there was always a candle with more volume at the tops. Confusing signals, so in that phase we have to analyze if it's a reaccumulation phase or we are swapping to bearish. Analyzing the candles, zones and volume we saw the MM's were bearish. We also can pay attention to the dragon (in zigzag) and the EMA89 (going flat).

Third phase. We had the big sell off with a couple of pullbacks, but the swings were clear. Markdown phase. Downtrend rally.

And now we are in the orange zone. It could be a accumulation zone or a redistribution zone. The price is forming a counter trend channel. Now it's time to analyze the swings, the reaction to important candles, the volume (at the tops or at the bottoms), where is the volume increasing (above or below whole numbers / half numbers / quarter numbers), patterns, etc.

In my opinion, this is a redistribution phase. How long it will take? I don't know. Can I be wrong? Of course.

Again, let's the market decide.

Best, Tymedu.
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To fail is just an opportunity to learn
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