Price Action in Day Trading by Dadas

Quoting Dadas

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{quote} Well, what else do you want to know? Ask me and I will answer. Otherwise, it looks like people have become uninterested. Nobody is participating, just single shots from time to time. People are either making a lot of money with my method, or still looking for a mirage, a miracle or smth to do the job for them. If someone puts in enough work, enough commitment, enough persistance, there will come a moment when everything becomes clear, the charts will actually start talking. Then, you can even scalp using the H4 timeframe only. Or, trade...

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Quoting ena816

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{quote} Hi, Dadas, According to my understanding, I did some homework. This is one of my practices. In USDCHF H4, there are two PTECZs, I plot it according to PTECZ 2 as it is new formed. {image} In D1, H4, and H1, all shows the bearish trend, so I plot in H1 PTECZ and find the entry short in M30. SL is at top of the big bearish bar. Is this the right way to do it? Thanks. {image}

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Quoting deluna2189

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Hi Dadas, I'm testing your strategy with pending orders, and if I'm not mistaken, this is the Breakout Strategy, with different ways to set the position of the ordenens and the SL, such as volatility index, etc.. . I'd like you to explain to me the criteria that you have continued to set the distance of the orders: In your code: ....... double sell = high_time+3*Point*Factor-30*Point*Factor; double buy = low_time-3*Point*Factor+30*Point*Factor; ..... ..... double offset = MarketInfo(Symbol(),MODE_SPREAD)*3*Tf_factor*Point Why than ..3 ? Why do 30.....

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ObjectCreate("Buy_TP_Line"+time,OBJ_TREND,0,time,high_time+TP_PIPS*vPoint+offset,thefuture,high_time+TP_PIPS*vPoint+offset);


ObjectCreate("Sell_TP_Line"+time,OBJ_TREND,0,time,low_time-TP_PIPS*vPoint-offset,thefuture,low_time-TP_PIPS*vPoint-offset);

Quoting Dadas

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{quote} First, double Sell and double Buy are just there for no reason, they are not used to plot any lines. I don't remember what that was for, and it just stayed there. As for the offset, feel free to experiment what you think is better. It is difficult to set a value, here, which would be universal, because of different spreads on instruments. If spread is wide, then the whole thing doesn't look so nice, so I have different versions ie. for GOLD. BTW. In the last two ObjectCreate functions you have Point. Please change those to vPoint - so the...

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Quoting deluna2189

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{quote} O.k, I will work different options to see what happens,, In the version I have '111_Draw_HILOBAR_Zone.mq4' double Sell and double Buy are used in the creation of the lines Sell - Buy: ObjectCreate("Sell_Line"+time,OBJ_TREND,0,time,sell,thefuture,sell); ObjectCreate("Buy_Line"+time,OBJ_TREND,0,time,buy,thefuture,buy); To trade with five digits, the indicator is already adapted: if(Digits==3 || Digits==5) double vPoint = Point*10; else vPoint = Point; Thanks,,

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Quoting Dadas

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{quote} No, it's not, or partly it is. But, where I showed you it isn't, cause I used Point instead of vPoint. Update with the one which is now in post#1. Don't try to tell me what I created or not. Either you can program in MQL or you can't. If you can't understand the whole code, then don't mess with it, just download the latest version. As for the ObjectCreate("Sell_Line"+time,OBJ_T REND,0,time,sell,thefuture,sell); ObjectCreate("Buy_Line"+time,OBJ_TR END,0,time,buy,thefuture,buy); you are right. That is another part, two extra lines which...

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Quoting Dadas

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{image}

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Quoting P.Action

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{quote} Okey live that PA like at that time. {image} i dont trust first breakout tries. as i mentioned in my post, item five http://www.forexfactory.com/showthre...87#post6917287

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Quoting Dadas

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{quote} That's exactly why SL is Bull Shit! That's exactly why no fixed rules will ever work! That's exactly why every trader must think and see what is happening! That's exactly why every trader must know how to read the chart and PA on it!! That's exactly why we should risk an amount we can afford, not Pips! We should risk daily, only so much, as we feel comfortable that we did not lose! Like you spend of food, you don't feel that you lost that money! Most of the things they teach is plain Bull Shit! Apply the 111_Draw_HILOBAR_Zone.mq4 to PTECZ....

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Quoting P.Action

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{quote} Turning into green to red is bull shit. i hate that. so i look the event that is not important to escape good movement. that is important catch a good one but rarely period. so waiting second try is solution for me. i will use hilobar tool.

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Quoting Dadas

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{quote} My friend! That is what you must get rid of: Hate - Like - Whatever! Those things have no meaning! They don't exist! All there is, is Trading!

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Quoting Dadas

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I feel the strong necessity to write this down: Q: Why is the Price going UP? A: Because the Sellers are Demanding more Supply. (Sellers are willing to Sell at higher Price.) Q: Why is the Price going DOWN? A: Because the Buyers are Supplying more Demand. (Buyers are willing to Buy at lower Price.)

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Quoting Christianfx

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{quote} A very different view than the one held by the uninformed. I guess you could put it that way. If one does understand this the combination of price action and volume can be extremely revealing. The volume indi. shared by Kasia, is that actual volume (tick, I assume) or is a lot size? I think it´s written in Russian and the translation I tried is really bad?

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