Price Action with Indicators! ~The Freebie Newbie BOLOSO System~ | Page 16 | Forex Factory

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Attachments: Price Action with Indicators! ~The Freebie Newbie BOLOSO System~
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Price Action with Indicators! ~The Freebie Newbie BOLOSO System~

  • #301
  • Edited 5:33pm Aug 4, 2013 5:16pm | Edited 5:33pm
Hi Dredding82,

Sorry I was reading your thread from start and finally start participating in the discussion. I really like the feedback from you and other members but suddenly felt some confusion in one of the post and tried to convert the focus on actual system provided by you. I will try to focus on trading from now on.

Thanks.
  • #302
  • Aug 4, 2013 6:01pm Aug 4, 2013 6:01pm
Quoting FxGunner
{quote} It seems to be the old "peak and valley" system. Breakout one. No problem until the market ranges exactly at 1H Timeframe. It WILL arrive! you might look for an indicator that will say you "warning, we are oscillating at 1H timeframe". Perhaps a moving average with 30 minutes period : when flat, warning, the major frequency in the price is 30 minutes (makes top and bottom at same level : peak and valley of a sinus): i want to say you sould try to add a little filter that can saves you from big disaster. DKrock ... Thanks for sharing...
People will call it what they will, but the nature of a markets is never certain and will always change. Trending or ranging is an opinion in the traders mind as to what pair, stock or index as well as the period he chooses to view or ignore.



A main point made many times, diversity in your account by the action of trading multiple pairs. Trading just one pair or type of investment limits you in more than just one way, and may have many possible negative or in some instances positive side effects.

There is always a trend somewhere! Your job...as a trader, investor, or self-proclaimed GURU is to understand the basic structure of markets, in which, you plan to invest. Traders use technical indicators for aiding in the visual interpretation of many untold or underlying conditions, which financial reports may or may not currently take into account.


These indicators, yet pretty to look at do not include the data from the reports, but only a mathematical theory or formula derived from years, decades or even centuries ago. Many events happened in the past which had inspired and gave creativeness to many traders and investors that led to creation of the indicators currently used. Events will happen in the future which no man, machine or code will be able to account for even with implementing the most advanced technical indicators or mathematical theory and formulas.
  • #303
  • Edited 6:52pm Aug 4, 2013 6:20pm | Edited 6:52pm
Here i took a short on AudJpy, trade taken on 7/19/2013. This turned out the be a BOLOSO trade on the the 22nd risk was 50-70 pips or so and would up over 350 pips currently but it would have been stopped out. On the 23rd there was another entry risk of around 89 and would be up the same reward.

Of course i have other systems i implement into my trading which gave me a signal earlier but this was on a higher TF (D1).

Unloaded all indicators but a few so everyone can see with clarity.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyh1.png Size: 46 KB
  • #304
  • Aug 4, 2013 6:41pm Aug 4, 2013 6:41pm
Hello Dredding82 it's good to see you are still around helping traders become better at their craft.
  • #305
  • Aug 4, 2013 11:12pm Aug 4, 2013 11:12pm
Quoting Dredding82
Keep this thread about trading and not about arguments or i will put a voucher lock on it like i had to do my other thread.
Sorry about your hot headed friends. It is true they don't know me, as far as I know, so I am not sure why they think it is okay to attack me. Part of my success is due to understanding market behavior, or what people might do under certain circumstances. If you play poker, these attacks are called "tells". Passionate, emotionally charged attacks in a trading forum indicate you are not a trader Or, if you are, you are easily manipulated. The other half of my success is from keeping an open mind and studying other peoples ideas. When 2 or more minds gather, you create a third mind, called the mastermind, which can lead to infinite intellgence. Shutting off this flow of thought leaves you spinning in circles.

I only came here because my friend told me he was using this system and to check it out. I did check it out and gave you my input. Being in a forum again made me feel a little of the "bug" again to help people so I checked a few other threads that interested me. I didn't know that was so wrong? Oh well. The last time I helped people in a forum I had over 100,000 hits and 300 pages on my thread in 3 months. It became a full time job and people were stealing my ideas, my systems, and my indicators and selling them without my consent. This is why no one knows me. Oh, except Lyall was there. It is how we met, so he knows I am telling you the truth. Anyway, I really only signed up to analyze this and give my friend some feedback. Cya.
You cannot be extraordinary by being normal
  • #306
  • Aug 4, 2013 11:54pm Aug 4, 2013 11:54pm
Quoting Dredding82
Here i took a short on AudJpy, trade taken on 7/19/2013. This turned out the be a BOLOSO trade on the the 22nd risk was 50-70 pips or so and would up over 350 pips currently but it would have been stopped out. On the 23rd there was another entry risk of around 89 and would be up the same reward. Of course i have other systems i implement into my trading which gave me a signal earlier but this was on a higher TF (D1). Unloaded all indicators but a few so everyone can see with clarity. {image}
very nice trade, I don't think your indicators are lagging.
Taking that trade from top is gamble... I think your timing is perfect.

one question?
same action took place -> nzd/jpy -> better R:R
you disregarded this or missed it or you just don't follow nzd/jpy?
  • #307
  • Aug 5, 2013 2:33am Aug 5, 2013 2:33am
Quoting openyoureyes
{quote} very nice trade, I don't think your indicators are lagging. Taking that trade from top is gamble... I think your timing is perfect. one question? same action took place -> nzd/jpy -> better R:R you disregarded this or missed it or you just don't follow nzd/jpy?
Of course i do...that was just the first chart on my screen when i opened my platform. Please refer to this post...http://www.forexfactory.com/showthread.php?p=6510397#post6510397
  • #308
  • Aug 7, 2013 7:26pm Aug 7, 2013 7:26pm
Did anybody get into this trade Usd/Jpy
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpg Size: 175 KB
  • #309
  • Aug 14, 2013 10:27am Aug 14, 2013 10:27am
Quoting Luigi Candle
Here on NZD/JPY H1 , it seems to go. {image} And here on AUD/NZD H1 {image} too on EUR/GBP H1 {image} they seems to go... I missed this , i was sleeping {image} but i'm jumped up on 15min later {image}
Luigi, I have been trading a similar setup using MTF HA instead of MTF HAS. Good results. Maybe my implementation of MTF HAS is not so good, I don't know, but it is a CPU hog, so I have been using MTF HA.
  • #310
  • Aug 14, 2013 11:29am Aug 14, 2013 11:29am
Quoting EasyRyder
{quote} Luigi, I have been trading a similar setup using MTF HA instead of MTF HAS. Good results. Maybe my implementation of MTF HAS is not so good, I don't know, but it is a CPU hog, so I have been using MTF HA.

Hi EasyRyder ,
are you advising me to use the indy MTF HA?
thanks, i'll try to use it .
For CPU is not a problem for my Pc intel dualcore13 and
I don't use panel that show ff calendar or time of market.
I'm not a guru or a programmer , so i tend to use the default setting ,
what i like about this system filter by trend indy is the high profitalble R/R .
Yeah do i find your indicator in cyber space? What about the setting ?
I'm demo trading , until i understend the system and i see me in consistent results.

Thanks for your help.

( i have a red two pistons 996, the last model of 2001 )
"" i'm breaking charts in the hot sun , i found the trend and i won ! ""
  • #311
  • Aug 14, 2013 7:07pm Aug 14, 2013 7:07pm
Quoting EasyRyder
{quote} I am not recommending one or the other. I have been using HA with success and you have been using HAS with success. I have attached a copy of SAHha.v1.1ri. The External Input "StartPeriod" should be set to the number of TFs above the chart TF. StartPeriod = 0 is the current chart. This "relative timeframe index" is a nice feature as you can scroll from chart-to-chart without changing the parameter in the indi. I will try HAS also. Good trading. {file}

What is the row of dots along the bottom of the indicator for?
  • #312
  • Aug 14, 2013 8:28pm Aug 14, 2013 8:28pm
Quoting Lyall
{quote} What is the row of dots along the bottom of the indicator for?
I do not know what the row of dots at the bottom is. They did not exist until about Build 470 of MT4. They appeared one day after a new MT4 release. I played around with the scaling and line shift and have not been able to eliminate them. If you look closely at the bottom of one of Luigi's pics, you will also see them.
  • #313
  • Aug 15, 2013 4:51am Aug 15, 2013 4:51am
Quoting EasyRyder
{quote} I am not recommending one or the other. I have been using HA with success and you have been using HAS with success. I have attached a copy of SAHha.v1.1ri. The External Input "StartPeriod" should be set to the number of TFs above the chart TF. StartPeriod = 0 is the current chart. This "relative timeframe index" is a nice feature as you can scroll from chart-to-chart without changing the parameter in the indi. I will try HAS also. Good trading. {file}
Hi ,thanks for sharing!

Today my mind is in party time...
as soon as i recover my synapses ,
i try your indy , so we can compear the results :nerd:

good day to every body!
"" i'm breaking charts in the hot sun , i found the trend and i won ! ""
  • #314
  • Edited 3:59am Aug 16, 2013 2:43am | Edited 3:59am
Quoting EasyRyder
{quote} I do not know what the row of dots at the bottom is. They did not exist until about Build 470 of MT4. They appeared one day after a new MT4 release. I played around with the scaling and line shift and have not been able to eliminate them. If you look closely at the bottom of one of Luigi's pics, you will also see them.
Here is a fixed copy of the other attached one. Please remove your post with the other indicator in it.

1.) Removed the current TF from the top spot and replaced it with the next TF higher.

2.) Fixed the Alert & Email ( I think, needs tested)

3.) Looks at 3 periods above plus current for signal...all have to be met for alerts or email to happen.

4.) Removed dots, spots, squares at the bottom that nobody seemed to know why they were there.

5.) Put the choice of .wav file back how it should be.

6.) Since i am the shit...All names inside the code have been removed but mine...and Freebie MTF HA is the new file name.

*Updated indicator found bug
Attached File(s)
File Type: mq4 #Freebie MTF HA-Fixed.mq4   11 KB | 1,532 downloads
  • #315
  • Aug 16, 2013 3:35am Aug 16, 2013 3:35am
Hello Mr Dredding82,

Thanks for new indy. I'm moving to remove my posts with the old. I don't know how long it takes to do it, because needs the authorization of FF .
"" i'm breaking charts in the hot sun , i found the trend and i won ! ""
  • #316
  • Aug 16, 2013 3:37am Aug 16, 2013 3:37am
Quoting Luigi Candle
Hello Mr Dredding82, Thanks for new indy. I'm moving to remove my posts with the old. I don't know how long it takes to do it, because needs the authorization of FF .
I do not mean posts with pictures....I was talking about any that have messed up indicators.
  • #317
  • Aug 16, 2013 3:44am Aug 16, 2013 3:44am
Quoting Dredding82
{quote} I do not mean posts with pictures....I was talking about any that have messed up indicators.

yesterday in my country was holiday ...

i rewrote to FF to see if is possible to revoke the cancellation
"" i'm breaking charts in the hot sun , i found the trend and i won ! ""
  • #318
  • Aug 16, 2013 4:08am Aug 16, 2013 4:08am
If any bugs are found PM me with the problem. If and when i have time i will look over it and try to fix the problem. But i have tested the one attached above for about 2 hours now and found one bug which should be fixed.

DO NOT PM me to ask to add things to the code that you think might help or you would like.
  • #319
  • Aug 16, 2013 5:59am Aug 16, 2013 5:59am
Good afternoon everyone. I'm new to FF and this is my first post here. I have been trading on demo for +- 6 months and have not been able to find a trading method that suits yet, nor have I been very successful in my endeavours. I am still learning, so please bare with me . I'm really looking forward to trying out this system, a few other traders that I often speak to makes use of this and is successful in doing so. I've been reading through this thread for a couple of days trying to make sure that I fully understand it and I made the first two orders this morning. Can someone please tell me if I got the basics of this right? I'm looking at trading this on the H1 and H4 charts, but used the M5 chart to validate my understanding first. If I have the basics right, I will place orders in a similar fashion on the higher TFs

Thank you everyone in advance
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trade setup.png Size: 36 KB
Click to Enlarge Name: trade setup 2.png Size: 38 KB
  • #320
  • Aug 16, 2013 6:32am Aug 16, 2013 6:32am
Quoting Shiloh505
Good afternoon everyone. I'm new to FF and this is my first post here. I have been trading on demo for +- 6 months and have not been able to find a trading method that suits yet, nor have I been very successful in my endeavours. I am still learning, so please bare with me . I'm really looking forward to trying out this system, a few other traders that I often speak to makes use of this and is successful in doing so. I've been reading through this thread for a couple of days trying to make sure that I fully understand it and I made the first two...
Hi Shiloh505 ,

i'm a new like you , my problem was with the trend...
i did not understand when to buy or when to sell, so i'm not a genius and i solved the problem of trend by using a trend indicator.
I only by when indy says buy , and the opposite for sell. About TF , for me 5m or 1m are too fast. I use 1 H and i trade 16 currencies to learn quickly, sometimes some 15M .
The indy i use is up on this page posted this morning by Dredding82 , the old type of this indy is in the frist thread MTF Heiken Ashi.

i hope i was helpful ,have a nice day !
"" i'm breaking charts in the hot sun , i found the trend and i won ! ""
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