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FX Laser Scalper System

  • #321
  • Dec 8, 2013 2:04am Dec 8, 2013 2:04am
Quoting FerruFx
{quote} Did you even read the very first post ?
Not really to be honest. I was indicator surfing for testing. But have you read the first post?

After reading the first post, I still stand by my question. I don't see the reason why usd/jpy is the only pair being applied here, I see it says its only for usd/jpy but no reason why. In fact if anything, a wider bar range in general would probably benefit the system looking at the signals it generates.

But alas, I will just move on to the next.
  • #322
  • Dec 8, 2013 2:17am Dec 8, 2013 2:17am
Quoting FerruFx
{quote} Doesn't matter if iCustom() is used or the indicator code inside the EA, if the signal from the Forexmoments side doesn't come, you won't have trade.
looks like I don't have a clue what I'm talking about
  • #323
  • Dec 8, 2013 2:27am Dec 8, 2013 2:27am
Quoting Takisd
{quote} Not really to be honest. I was indicator surfing for testing. But have you read the first post? After reading the first post, I still stand by my question. I don't see the reason why usd/jpy is the only pair being applied here, I see it says its only for usd/jpy but no reason why. In fact if anything, a wider bar range in general would probably benefit the system looking at the signals it generates. But alas, I will just move on to the next.
for explanation why usdjpy only, see post #235
  • #324
  • Dec 8, 2013 2:48am Dec 8, 2013 2:48am
Quoting Takisd
{quote} Not really to be honest. After reading the first post, I still stand by my question. I don't see the reason why usd/jpy is the only pair being applied here.
Your question wasn't "why" ... so the post #1 should have answered correctly if you have read it !
MT4/MT5 EAs/Indicators/Alerts coder
  • #325
  • Dec 8, 2013 4:50pm Dec 8, 2013 4:50pm
Minor update for version 3.1, just to inform everyone that the offset is GMT+2 without DST, but GMT+3 with DST.

No logic change.
  • #326
  • Dec 9, 2013 12:16am Dec 9, 2013 12:16am
Quoting forexmoments
Minor update for version 3.1, just to inform everyone that the offset is GMT+2 without DST, but GMT+3 with DSTNo logic change.
Am using the version 3! my broker is GMT+2! So i dont have to change anything right?
  • #327
  • Dec 9, 2013 6:03am Dec 9, 2013 6:03am
Hi Forexmoments
Am i right that today we have "No entry Signal"? just to be sure that our update version is correct.
  • #328
  • Dec 9, 2013 6:06am Dec 9, 2013 6:06am
signal given 16:03
  • #329
  • Dec 9, 2013 6:18am Dec 9, 2013 6:18am
Quoting crameka
signal given 16:03
Correct!
MT4/MT5 EAs/Indicators/Alerts coder
  • #330
  • Dec 9, 2013 6:19am Dec 9, 2013 6:19am
Now I saw it after waited whole day....it came when I off my laptop...
thanks crameka for the update ...

Quoting crameka
signal given 16:03
  • #331
  • Dec 9, 2013 6:21am Dec 9, 2013 6:21am
Thanks FerruFx...watching it U-turn now...I guess TP10, SL10 is safest...with standard lot size ya.

Quoting FerruFx
{quote} Correct!
  • #332
  • Dec 9, 2013 6:38am Dec 9, 2013 6:38am
Hi Traders, Signal for the Day 9/12/2013 , 16.03hrs!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: fxdd - metatrader9dec.jpg Size: 183 KB
  • #333
  • Dec 9, 2013 6:40am Dec 9, 2013 6:40am
Quoting Fxbay
Thanks FerruFx...watching it U-turn now...I guess TP10, SL10 is safest...with standard lot size ya. {quote}
My advice is to use swing highs/lows for your stop loss, and to look at support and resistance areas when you want to take profit.

Take a look at USDJPY M5. See those multiple Resistance areas I've circled along the horizontal line?

So if you did take the trade, I would personally get out now.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym5_12_09_2013.png Size: 21 KB
  • #334
  • Dec 9, 2013 6:42am Dec 9, 2013 6:42am
Thanks forexmoments..That's what we needs.. out with profits!!!!!! close and pocketed! cheers!!!!!!!

Quoting forexmoments
{quote} My advice is to use swing highs/lows for your stop loss, and to look at support and resistance areas when you want to take profit. Take a look at USDJPY M5. See those multiple Resistance areas I've circled along the horizontal line? So if you did take the trade, I would personally get out now. {image}
  • #335
  • Dec 9, 2013 7:25am Dec 9, 2013 7:25am
Can everyone see how price rose again only to hit resistance again? Just shows the importance of being aware of such levels.
  • #336
  • Dec 9, 2013 7:35am Dec 9, 2013 7:35am
Quoting kavindu123
{quote} Am using the version 3! my broker is GMT+2! So i dont have to change anything right?
Right.
  • #337
  • Dec 9, 2013 9:25am Dec 9, 2013 9:25am
Lol, so much for my resistance analysis. Price broke through a few minutes later.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym1_9thdec.png Size: 31 KB
  • #338
  • Dec 9, 2013 10:10am Dec 9, 2013 10:10am
Guys there was another buy signal just a few minutes ago - my advice... do not take this trade.

Look at H4 chart, look at resistance. Very very strong.

Then if you zoom out to a Weekly chart, you'll realise price hasn't been higher than this area for literally YEARS. Remember one thing when it comes to Support and Resistance, the higher the timeframe, the stronger the S&R.

On Weekly charts, the Resistance is gonna be huge.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyh4.png Size: 27 KB
  • #339
  • Dec 9, 2013 10:11am Dec 9, 2013 10:11am
Weekly chart attached.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyweekly.png Size: 34 KB
  • #340
  • Dec 9, 2013 10:22am Dec 9, 2013 10:22am
Thanks for this good indicator, definitely much more winners than losers.
But I think stop at -10 is not enough and it can easily get hit. Should be placed at least at -15, take profit 10-15.
And this last signal is also tradable, still some space (40) to that weekly resistance; but entry after initial reaction. I have taken 103.26. Good luck.
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