Third Screen Strategy - Dr. Alexander Elder | Page 129 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #2,561
  • Jul 25, 2013 5:53am Jul 25, 2013 5:53am
Quoting claudia1
Hi Pippy - here is the EA Khaled very kindly (and amazingly quickly) coded for me. Got it on Alpari demo and it is working. Thanks Khaled!!!!!!!!!!!!!!! {file}
Hi Claudia . I did put it in Expert Folder and its not correct , What must i do ? Thanks , Malcolm .
  • #2,562
  • Jul 25, 2013 6:00am Jul 25, 2013 6:00am
Quoting terminator12
{quote} Hi Claudia . I did put it in Expert Folder and its not correct , What must i do ? Thanks , Malcolm .
Works fine for me - my knowledge of these things is low to say the least. Did you restart MT4?
  • #2,563
  • Jul 25, 2013 6:46am Jul 25, 2013 6:46am
Quoting claudia1
{quote} Works fine for me - my knowledge of these things is low to say the least. Did you restart MT4?
Claudia , i switch on smiley and working , Sorry , Thanks , Malcolm .
  • #2,564
  • Jul 25, 2013 6:58am Jul 25, 2013 6:58am
Quoting terminator12
{quote} Claudia , i switch on smiley and working , Sorry , Thanks , Malcolm .
No problem - but be careful use this on demo there are a few things to be changed. OMG starting to sound like pippy!!!!
  • #2,565
  • Jul 25, 2013 7:13am Jul 25, 2013 7:13am
Quoting claudia1
{quote} No problem - but be careful use this on demo there are a few things to be changed. OMG starting to sound like pippy!!!!
Sounds interesting.

Care to expand a bit into the strategy ? If 100pips would allow, of course.

Keep us updated.
  • #2,566
  • Jul 25, 2013 7:21am Jul 25, 2013 7:21am
Quoting Axlz
{quote} Sounds interesting. Care to expand a bit into the strategy ? If 100pips would allow, of course. Keep us updated.
Check out post 2554 work to be done yet but the system is simple.
  • #2,567
  • Jul 25, 2013 7:36am Jul 25, 2013 7:36am
Quoting Axlz
GBPAUD D1 MACD has switched to uptrend. Weekly is also uptrend. And price is above the EMAs. Time to go long?
Are you sure?

Weekly MACD is trending down

Daily MACD is bouncing around the zero line and PA is not setting HH/HC for more than 3 days running, so I am not seeing anything to suggest an uptrend - just lots of swings within a 400+pip range.

To trade this pair, you'll need to switch to H4 and trade a different version of this strategy, or a PA breakout strategy.
Attached Image(s) (click to enlarge)
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"To live with Passion, it takes Courage and Grace to survive"
  • #2,568
  • Jul 25, 2013 7:36am Jul 25, 2013 7:36am
Quoting Erebus
{quote} {quote} {quote} What are the rules for this method? Has anyone seen them?
behave - bad boy
"To live with Passion, it takes Courage and Grace to survive"
  • #2,569
  • Jul 25, 2013 7:38am Jul 25, 2013 7:38am
Quoting Britpip7
{quote} Are you sure? Weekly MACD is trending down Daily MACD is bouncing around the zero line and PA is not setting HH/HC for more than 3 days running, so I am not seeing anything to suggest an uptrend - just lots of swings within a 400+pip range. To trade this pair, you'll need to switch to H4 and trade a different version of this strategy, or a PA breakout strategy. {image} {image}
That's peculiar. My MACD is showing uptrend.

Must be a difference in brokers ?
  • #2,570
  • Jul 25, 2013 8:52am Jul 25, 2013 8:52am
Quoting claudia1
{quote} Check out post 2554 work to be done yet but the system is simple.

Simple strategy. Thanks for sharing Claudia. I don't remmeber you ever talking about this strategy in here, talking to 100Pips or Khaled about it, or coming up with an EA for it. Must have doine it on another thread or off boards. Either way just saying thanks. Let us know what's wrong with the EA and or if any new updates come out. Will look into it.
  • #2,571
  • Jul 25, 2013 12:38pm Jul 25, 2013 12:38pm
Quoting Axlz
{quote} That's peculiar. My MACD is showing uptrend. Must be a difference in brokers ?
One issue that I see is that when you rely on oscillators to tell you trends as opposed to PA, you are risking getting the wrong message. Daily PA shows distinct ranging, with no real long term direction. Currently price keeps getting pulled back to 20EMA

For this strategy - no trend - pass - go find another pair!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpauddaily pa.png Size: 50 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #2,572
  • Jul 25, 2013 12:48pm Jul 25, 2013 12:48pm
Quoting Britpip7
{quote} One issue that I see is that when you rely on oscillators to tell you trends as opposed to PA, you are risking getting the wrong message. Daily PA shows distinct ranging, with no real long term direction. Currently price keeps getting pulled back to 20EMA For this strategy - no trend - pass - go find another pair! {image}

Im afraid of opening any new positions at the moment. It seems like all the trends have already come and are at their ending stages.

probably best to trade once new trends form. I can't really see any pairs worth trading at the moment apart from maybe AUDNZD.

this is one of the reasons I've never believed swing trading to be good. The only time you make profits is a small amount of days at the beginning of the new trend. Then you either stop, or give all your profits back to the market, because you will get a large number of losses as price enters consolidation.
  • #2,573
  • Edited 11:14am Jul 26, 2013 7:34am | Edited 11:14am
Amazing...-9,000 pips turned around again today to (floating) +10,000 pips.
Let's see if some TP's hit their target next week...hopefully all 196 positions for an overall profit of about 70,000 pips...

EDIT: +12,000 pips now...
  • #2,574
  • Jul 26, 2013 1:30pm Jul 26, 2013 1:30pm
Quoting Axlz
{quote} Im afraid of opening any new positions at the moment. It seems like all the trends have already come and are at their ending stages. probably best to trade once new trends form. I can't really see any pairs worth trading at the moment apart from maybe AUDNZD. this is one of the reasons I've never believed swing trading to be good. The only time you make profits is a small amount of days at the beginning of the new trend. Then you either stop, or give all your profits back to the market, because you will get a large number of losses as price...



Not too sure if I really agree with anything that you've posted above...

Oh well, to each his own
  • #2,575
  • Jul 26, 2013 1:31pm Jul 26, 2013 1:31pm
Quoting Olarion1975
Amazing...-9,000 pips turned around again today to (floating) +10,000 pips. Let's see if some TP's hit their target next week...hopefully all 196 positions for an overall profit of about 70,000 pips... EDIT: +12,000 pips now...
  • #2,576
  • Jul 26, 2013 2:55pm Jul 26, 2013 2:55pm
Another flat week
demo one down for the week 25% no intervention All time down 74%

demo two some intervention down 0.5% All time 15% down

Live account Full intervention Weekly down 3.5% All time 30%

HMMMMM
I do Good I feel GoodI do Bad I feel Bad
  • #2,577
  • Jul 26, 2013 7:53pm Jul 26, 2013 7:53pm
Hi 100Pips

I closed all my long positions on USDJPY and other YEN corss pairs on Thursday last week.Now it looks like we can open short positions next week.I see you also closed most of your YEN positions.

BR
Fishcoo
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  • #2,578
  • Jul 26, 2013 11:29pm Jul 26, 2013 11:29pm
Quoting Fishcoo
Hi 100Pips I closed all my long positions on USDJPY and other YEN corss pairs on Thursday last week.Now it looks like we can open short positions next week.I see you also closed most of your YEN positions. BR Fishcoo {image} {image} {image}
Wow, great analysis.
  • #2,579
  • Jul 27, 2013 4:12pm Jul 27, 2013 4:12pm
Quoting Fishcoo
Hi 100Pips I closed all my long positions on USDJPY and other YEN corss pairs on Thursday last week.Now it looks like we can open short positions next week.I see you also closed most of your YEN positions. BR Fishcoo {image} {image} {image}
  • #2,580
  • Jul 27, 2013 5:22pm Jul 27, 2013 5:22pm
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