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Trading Made Simple

  • #22,121
  • Jul 19, 2013 12:03am Jul 19, 2013 12:03am
Afternoon or evening all
maybe someone can help with this MT4 query.
I mark up each HA chart for each currency i trade with SR lines and the like.
Then i save each currency chart as a template.
For my CS charts, I can then load the HA chart as the template (already marked up) then click on the CS icon on the toolbar at the top of the page which overlays the candlesticks onto the HA chart.
Next step is to remove the HA indicator and save as a CS template for the pair.This saves marking up 2 lots of chart types.
When I click on the CS icon, i get the standard black and white candles.
What I want is red and green candles.
I have saved a default template with the red and green candles, and when i select new chart window from the market watch, i get the red and green candles.
But when I click on the CS icon i get black and white.
After all that, does anyone know how to have the icon bring up what i want??

Thanks for your help.
  • #22,122
  • Jul 19, 2013 12:54am Jul 19, 2013 12:54am
Quoting rob Miller
Afternoon or evening all maybe someone can help with this MT4 query. I mark up each HA chart for each currency i trade with SR lines and the like. Then i save each currency chart as a template. For my CS charts, I can then load the HA chart as the template (already marked up) then click on the CS icon on the toolbar at the top of the page which overlays the candlesticks onto the HA chart. Next step is to remove the HA indicator and save as a CS template for the pair.This saves marking up 2 lots of chart types. When I click on the CS icon, i get...
from your sequence of action, you must now do this and verify the chart properties colours again.
open a new chart and apply that HA template (already marked up).
after that, press F8 and look at the colour properties of Bar Up and Bar Down...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,123
  • Jul 19, 2013 1:18am Jul 19, 2013 1:18am
Quoting Phx62
{quote} I had trouble with this same issue when I started live trading. The way I was able to overcome it, was to spend some time back-testing and forward testing the TMS system on one pair and I kept a record of the number of times price went the direction I expected and the number of times it did not go my way, in each situation. Once you gain the understanding and confidence that when a certain signal happens (example: TDI cross out of overbought area or candlestick pullback pattern at LO or whatever you pick), and your stats show that 65% or...
I did do some backtesting, but I reckon not enough to inspire absolute confidence then. Perhaps I need to do it again and be more methodical in recording the results.

Good stuff...
  • #22,124
  • Jul 19, 2013 1:42am Jul 19, 2013 1:42am
Sell, sell, sell ....
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,125
  • Jul 19, 2013 1:58am Jul 19, 2013 1:58am
Quoting emmanuel7788
{quote} from your sequence of action, you must now do this and verify the chart properties colours again. open a new chart and apply that HA template (already marked up). after that, press F8 and look at the colour properties of Bar Up and Bar Down...
Hi Emmanuel,
I sent you a PM about this.
I was trying to avoid having to manually change the candle colour each time.
Trying to make the CS icon to default to my colour choice
  • #22,126
  • Jul 19, 2013 2:07am Jul 19, 2013 2:07am
Quoting rob Miller
{quote} Hi Emmanuel, I sent you a PM about this. I was trying to avoid having to manually change the candle colour each time. Trying to make the CS icon to default to my colour choice
note, the menu icon to switch the chart type does not change the colours. The colours of the bar,candles, line - are embedded in the template which was applied to the chart.

after you changed the colours of the bar,candle,line, ... you must save that as template again.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,127
  • Jul 19, 2013 2:07am Jul 19, 2013 2:07am
hello every body, can some one help me, i need th templete that phx62 use.thanks
  • #22,128
  • Jul 19, 2013 2:46am Jul 19, 2013 2:46am
EJ 19 Jul H1 trade.
Follow up from today' view.
Buy at support.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 19 Jul H1 LO trade 19-7-2013 3-43-21 PM.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,129
  • Jul 19, 2013 2:52am Jul 19, 2013 2:52am
Quoting emmanuel7788
EJ 19 Jul H1 trade. Follow up from today' view. Buy at support. {image}
i thought the same thing but just didn't have the confidence to pull the trigger....

note to self must have more confidence in myself.
  • #22,130
  • Jul 19, 2013 2:57am Jul 19, 2013 2:57am
Hi all,
first post here but have been reading lots and taking everything like a sponge.
First of all a big thanks to the main contributors, emmanuel7788 and Phx62 especially. Ok I've noticed in some of the pages recently that some traders are struggling with the exact "angle" of the TDI so I thought I would give you a tip on how to measure it exactly with a tool already in MT4....namely the "Trendline by Angle" tool. If you can't see it, right click on the toolbar and click "customise"

The rule is that you enter a BUY if the angle is between 12 and 2 o'clock, and a SELL entry if between 4 and 6 o'clock.
From the horizontal, 2 o'clock is 30 deg and 12 o'clock is 90 deg so grab the angle measuring tool in the toolbar, place it in the TDI Ind window and draw a line measuring 30 deg. above the horizontal. Grab it with your cursor and place it beside the Green Line and if the Green line is "steeper or greater" than your angle line of 30 deg then it's a valid signal. Opp. for a SELL entry.

TOO EASY.

surfclimbfly

PS. Another big tick for the dashboard please Emmanuel
  • #22,131
  • Jul 19, 2013 3:00am Jul 19, 2013 3:00am
Quoting adamjhdavis
{quote} i thought the same thing but just didn't have the confidence to pull the trigger.... note to self must have more confidence in myself.
it is all part of the process which I talked about earleir today.

the process to first identify the intraday support and resistance.

then know where you want to buy at which support.

then switch down to lower TF and look for a PA entry.

In this case, i use M5 PAc entry when I see PA bounce off the Fib 30/50 region. In the higher TF, this is also the previous resistance zone we saw this week. That was broken yesterday, PA came back into this resistance zone.



.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,132
  • Jul 19, 2013 3:05am Jul 19, 2013 3:05am
Quoting emmanuel7788
{quote} it is all part of the process which I talked about earleir today. the process to first identify the intraday support and resistance. then know where you want to buy at which support. then switch down to lower TF and look for a PA entry. In this case, i use M5 PAc entry when I see PA bounce off the Fib 30/50 region. In the higher TF, this is also the previous resistance zone we saw this week. That was broken yesterday, PA came back into this resistance zone. .

Ok, I Just entered EJ at 131.586. Would you say this is a good entry? long obviously
  • #22,133
  • Jul 19, 2013 3:08am Jul 19, 2013 3:08am
EJ 19 Jul M5 PAC view:
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 19 Jul M5 PAC view19-7-2013 4-02-43 PM.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,134
  • Jul 19, 2013 3:11am Jul 19, 2013 3:11am
Quoting Phx62
{quote} The easiest way to back-test is, over the weekend roll your charts back 3 or 4 months and then move them forward one candle at a time by pushing F12 on your computer. Each time you do this, analyze what you see and determine if there is a setup developing for a trade. From there, mark an entry on your chart along with a SL and "trade" it until you hit TP or get stopped out....then decide what you did right and what you did wrong and write that down....the push F12 again and move to another potential trade. There is also a strategy tester...
Ah, that's really helpful. I've always wondered how to skip to the next bar quickly. But then I ended up just leaving it to play each tick.
Thanks for mentioning the F12 button.
  • #22,135
  • Jul 19, 2013 3:11am Jul 19, 2013 3:11am
Quoting adamjhdavis
{quote} Ok, I Just entered EJ at 131.586. Would you say this is a good entry? long obviously
chasing after a long H1 candle is never my style.

where to place initial SL?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,136
  • Jul 19, 2013 3:11am Jul 19, 2013 3:11am
Quoting emmanuel7788
EJ 19 Jul M5 PAC view: {image}
ok yes i get that entry but with the prev candles making ll lh i wasn't sure, I thought my entry now is confirmation of the 1 hour LO candle @ 38 fib 5min
  • #22,137
  • Jul 19, 2013 3:18am Jul 19, 2013 3:18am
Quoting emmanuel7788
EJ 19 Jul M5 PAC view: {image}
I had the same entry as well. My SL at the bottom of the hourly at 131.22
  • #22,138
  • Jul 19, 2013 3:19am Jul 19, 2013 3:19am
Quoting surfclimbfly
Hi all, first post here but have been reading lots and taking everything like a sponge. First of all a big thanks to the main contributors, emmanuel7788 and Phx62 especially. Ok I've noticed in some of the pages recently that some traders are struggling with the exact "angle" of the TDI so I thought I would give you a tip on how to measure it exactly with a tool already in MT4....namely the "Trendline by Angle" tool. If you can't see it, right click on the toolbar and click "customise" The rule is that you enter a BUY if the angle is between...
surfclimbfly,

nice idea!

The TDI angle is is something I had not figured out in a mathematical way. The visual angle can be subjective and that depends on the screen aspect ratio. With a spect ration 4:3, the angle looks steeper. But these days the wide screen distorts too much.

Anyone with idea how to compute the TDI PL data and comparing the previous bar PL and current bar PL to give a ratio factor? Been thinking many days and nights but had not reached any conclusion.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,139
  • Jul 19, 2013 3:22am Jul 19, 2013 3:22am
Quoting adamjhdavis
{quote} ok yes i get that entry but with the prev candles making ll lh i wasn't sure, I thought my entry now is confirmation of the 1 hour LO candle @ 38 fib 5min
ok, now is Tokyo last hour to closing.
we must be careful how much price will pullback.
small pause is good, but too much pullback can be trouble when stop is too tight.

after Tokyo close, it will be London traders' game.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,140
  • Jul 19, 2013 3:43am Jul 19, 2013 3:43am
Quoting evilmechy
{quote} I had the same entry as well. My SL at the bottom of the hourly at 131.22
131.22 is safe ...
now we keep an eye on the 4th M15 candle which will close this current H1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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