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Attachments: My Market Order System
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My Market Order System

  • #121
  • Jan 19, 2014 3:13pm Jan 19, 2014 3:13pm
im using indreks non repaining semaphor indi from post 114 , haven tchanged anything?

maybe should just stick with the stock indicator, people seem to be having success with it

Quoting bobhowson
{quote} Many of your signals seem to be wrong, maybe you have the colours or settings wrong.
  • #122
  • Edited 3:48pm Jan 19, 2014 3:35pm | Edited 3:48pm
I posted the non repainting indicator for the purpose of backtesting if someone wants to do it. As I mentioned, it needs adjustments - the color and size of dots is changeable.
It is easy to figure out visually, which dots are which, to match it with ordinary Semafor: grey is Semafor1, green is Semafor2 and red Semafor3. Basically, you need only red for entries and green for exits.
In inputs you can adjust how far the dots are from candles.
  • #123
  • Jan 19, 2014 9:41pm Jan 19, 2014 9:41pm
I think this style of trading can be profitable. What attracts me to it the most is the fact that it is trading off the daily chart. I work a full time job so I'm unable to trade during the day. The daily chart is right up my alley so I'm curious to see how this thread turns out.

Thanks to all those who are contributing and sharing their ideas.

Paulus, I think your idea of creating an EA to notify us of the 3 ball is great. I'm not great with converting GMT to my time (PST) so I request if possible that you allow the EA to have an option to change the time that the scan begins. I trade with Oanda so I get a new daily candle at 9pm PST, which works well for my situation. So if you could add an option for the user to choose the time the scan is done that would be great.
  • #124
  • Jan 19, 2014 10:24pm Jan 19, 2014 10:24pm
Big thankyou to Paulus and indrek.
Paulus may I ask if you kept to entering on candle close or just above below dot please?
Regards Peter
  • #125
  • Jan 20, 2014 12:20am Jan 20, 2014 12:20am
ok will include time variable when i send off the details

If short i would enter 1 pip below the low of the 3 balls candle..the 3 balls would be on top of the candle

here s the current signal on CADCHF
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  • #126
  • Jan 20, 2014 2:42am Jan 20, 2014 2:42am
Hi Bob Howson your indicator is not good enough but also very very good , I really enjoy ur indicator also lov ur trading style ,Thanks for share this indicator with us

Keep it & carry on

Thanks
  • #127
  • Jan 20, 2014 3:54am Jan 20, 2014 3:54am
Quoting mehedi12122
Hi Bob Howson your indicator is not good enough but also very very good , I really enjoy ur indicator also lov ur trading style ,Thanks for share this indicator with us Keep it & carry on Thanks
Thanks for the great feedback
  • #128
  • Jan 20, 2014 5:32am Jan 20, 2014 5:32am
my 4 hr trades today so far, this system is very promising
Regards Peter
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  • #129
  • Jan 20, 2014 5:38am Jan 20, 2014 5:38am
my Daily trades so far today total of apprx 160 pips for both time frames
Regards peter
Attached Image (click to enlarge)
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  • #130
  • Jan 20, 2014 6:32am Jan 20, 2014 6:32am
hi orid ! so the 4 hour timeframe are also tradetable ?
  • #131
  • Jan 20, 2014 7:12am Jan 20, 2014 7:12am
Quoting cavenlee92
hi orid ! so the 4 hour timeframe are also tradetable ?

seems good so far cross fingers
early days
  • #132
  • Jan 20, 2014 10:52am Jan 20, 2014 10:52am
I will get

Daily
4Hr
1Hr scanner

Also a time variable for broker time and start of new candle

This will be an indicator that sits on a chart that updates once for daily 8 times for 4 hour charts 24 times for hourly charts

I will get the ind to pick 2 ball as well as 3 ball as a variable

And I will get a complete list of swaps listed as variables ,so you should be able to follow 3 ball on daily on just EU or all swaps over 3 time frames over to balls by adjusting parameters in the indy

This is a picture of a scanner that was built for me a couple months ago for something entirely different but works well ,this new scanner will look similar and sits on a blank chart.
If results are good the scanner can send orders via an EA for auto operation if we think its warranted
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  • #133
  • Jan 20, 2014 11:04am Jan 20, 2014 11:04am
apologise if this has been covered by as Bob states trading with the trend is the best eg in down trends a weak rally followed by a strong down move

But I have noticed using 3 ball only you need to look way back to get a feel for the trend as shown on the screen shot

With the 2 ball albeit this may be risker ?? ( I dont know) we can see you can def pick out the trend and trade the 2 balls accordinly
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  • #134
  • Jan 20, 2014 11:47am Jan 20, 2014 11:47am
Subscribed!

Just read the whole thread. You know, this method could easily lend itself to an EA - its so mechanical, should work wonderfully. Especially if you're not always at the charts - like me. Wish I could test it out but unfortunately coding seems as complicated as brain surgery to me lol!

Anyone else here keen to give it a bash?
  • #135
  • Jan 20, 2014 12:27pm Jan 20, 2014 12:27pm
Quoting burningmunke
Subscribed! Just read the whole thread. You know, this method could easily lend itself to an EA - its so mechanical, should work wonderfully. Especially if you're not always at the charts - like me. Wish I could test it out but unfortunately coding seems as complicated as brain surgery to me lol! Anyone else here keen to give it a bash?
Il get the scanner done 1st the Ea will follow if we all think its viable..and primarily need to run it past Bob 1st

I have a guy that codes for me that Ive found to be very good and professional once Ive written the rules for the scanner it normally takes 3-5 days to get it done I will then post it here for all to use

P
  • #136
  • Jan 20, 2014 9:51pm Jan 20, 2014 9:51pm
Quoting Paulus
{quote} Il get the scanner done 1st the Ea will follow if we all think its viable..and primarily need to run it past Bob 1st I have a guy that codes for me that Ive found to be very good and professional once Ive written the rules for the scanner it normally takes 3-5 days to get it done I will then post it here for all to use P

Many thanks Paulus you are a legend ,
Im trading at the mo only in direction of no 3 ball eg if a 3 ball buy signal, enter , then out at next pink or no 3
if a second pink forms re enter in same direction as original no 3.
well hope that makes sense can hardly understand it myself lol l
Regards Peter
ps. closed these this morning on pink discs appearing on H4 trades + 170 pips rest still going
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  • #137
  • Jan 21, 2014 12:35am Jan 21, 2014 12:35am
I exit slightly differently still use opposing dot but then move dot accordingly

Ideally I like to risk 5% on every trade so take entry to stop loss and calculate 5% of bank then take TP at 2 x 5% so winners are 10% losers 5% RR of 2;1

Advantage over existing exit is that if you have a large entry bar and lose say 60 pips then you have 3 winners on a small entry bar of 15 pips each even though you have 3 winners and 1 loser you still end up losing

An EA im running on another system looks at the account and automatically calculates 5% and uses that figure it does that for every trade so all trade are equal regardless of pip size also if I then take a trade on another swap with a different pip value then the EA will also convert that to 5% of the account so all trades no matter what size the bars over all swaps are equal

Not sure if can be implemented here Il take a look

P
  • #138
  • Jan 21, 2014 3:33am Jan 21, 2014 3:33am
Quoting Paulus
I exit slightly differently still use opposing dot but then move dot accordingly Ideally I like to risk 5% on every trade so take entry to stop loss and calculate 5% of bank then take TP at 2 x 5% so winners are 10% losers 5% RR of 2;1 Advantage over existing exit is that if you have a large entry bar and lose say 60 pips then you have 3 winners on a small entry bar of 15 pips each even though you have 3 winners and 1 loser you still end up losing An EA im running on another system looks at the account and automatically calculates 5% and uses that...

sorry Paulus what do you mean by move dot accordingly
  • #139
  • Jan 21, 2014 10:00am Jan 21, 2014 10:00am
without back testing I cant tell if its more profitable here but this is the principle I employ else where
Attached Image (click to enlarge)
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  • #140
  • Jan 21, 2014 9:05pm Jan 21, 2014 9:05pm
Quoting Paulus
without back testing I cant tell if its more profitable here but this is the principle I employ else where {image}

Great stuff Paulus thanks for explaining,
must say I cant seem to do much wrong at the moment on this method , cant thank bob and you other guys enough
Mind you i have to admit to having beginners luck before for 2 weeks on different method and then it fell to pieces.
.very impressive , hope it keeps up.
going on live account next week if all it goes on like this.
i did have a 90 pip loss yesterday on daily

regards peter
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