My Market Order System

ok the new dash board is ready and I have included it below this uses nonelagdot to be the guide as for the trend

Each box is now split into 2 green green means 2 or 3 balls on the bottom looking for longs and none lag dot looking for longs
Visa veras for short red and green box means ball and none lagdot in counter trend position

here is the email from the coder

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Hi,

The modifications are ready.



The dashboard contains 2 indicators, 5 timeframes and 28 pairs now. It means that it needs to calculate each indicator 140 times when it loads. This may cause high memory and CPU consumption and may sometimes hang your computer for a while. To reduce consumption of resources you can go to Tools->Options->Charts and set ‘Bars on Chart’ to a small value (5000 or less). Then, restart MetaTrader. It is just a hint, but it can make the dashboard load a bit faster.

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Ive just sent the coder an email asking if its nonelagdot or the 5min time frame that doing the damage

I will post it here but unless you have a very fast and capable machine I think you will have problems...

P

The solution may be to run 2 x mt4 from the same broker if that can be done 1 just running the dashboard scanner the other for trading

With an EA the CPU usage drops dramatically .. but for an EA we need proper entry and exit conditions I know how I want o enter and exit I just wanted to build one thing at a time

I set my chart to load only 3000 bars

hi Paulus,
thanks for your indi, i ahve dwnloaded your latest dashboard indi however my dashboard only shows one color on each box

sorry forgot

nonelagdot on daily I use 233 on all other time frame I use 144

P

here is the reply from the coder

I have attached the indicators ..just put them all in experts .. indicators nonelag dot 144 on daily 233

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Hi,

I made a slightly faster version. I added MaxBars input parameter to both _nonlagdot and SemaphorTrue2. Both indicators work in the same way as before, but it is now possible to adjust how many bars back they will calculate. Since the dashboard needs only the last few bars, there is no need to calculate thousands of bars. This version of dashboard simply calls the indicators with MaxBars = 10.

If you combine this with setting [Tools->Options->Charts->Number of bars on chart] to a low number, it should work quite fast. It takes about 4 seconds on my computer to reload the dashboard.


I hope this will help.

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This thread gone very quite

the guys last week making pips... you still making pips ?
Guys that hadnt had a loss ...have you had a loss
Lots of downloads re the dashboard but no feed back

I may of found a potential bug in the daily time frame trying to check it out now sending coder an email...may be nothing

P

I started following this thread because of the simplicity - But now it seems to be getting more complicated - the original works for me - more indicators more complications. Just my opinion - not trying to trash anyone else.

yes I can respect that .. the scanner is just to tell traders where the semaphor is in relation to the time frames

Hope it helps .. its 1 indicator

P

As picked by the scanner on the 5min time frame I will go long if we get a tough to the fib lines and 2 or 3 ball in place

another 5 min trade from scanner

Will short if blue line broken

Excellent. 61.8% retraces are lovely.

Hi Paulus, I'm still following this thread and testing LIVE this system with 1 microlots (each trade) and daily TF. I actually started last week and my balance is negative (i mean balance of the few trades I did). Probably it was the end of the month and maybe it's not the best time to use this strategy.
Also, I'm one of the people who downloaded your indicator and I wish to thank you for sharing it. Even though I chose daily time frame so I just make one check/day to decide and trade (e.g. now, around midnight, here in Italy = GMT+1).

I'm a little bit disappointed for my early negative performance. Even because I try to check main S/R levels. So I don't trade 'blindly', just because I see a number 3 on my charts. Anyway, I still 'feel' this may be a good system, and keeping on using it.
Me too, would like to read other's opinions/results about.

Greetings

jack fx im trading this daily tf with a view to SR levels too. i too experienced some drawdown last few days , but account now recovering

Just entered short on AUDCAD.
R:R about 1:2,5.
Let's see how it evolves...

Hi Paulus , just want to thankyou for the dashboard works great , havnt been trading las week or so busy busy , but cant wait to get in on live account .
going away for a week or two caravanning , might put a few on the weekly b 4 I take off.
thanks again to you and everyone else contributing here especially Bob who showed us this very promising method.
oh and Paulus please pass on special thanks also to the person that is helping you with the dashboard .
Regards to all Orid Peter

I hope everybody is still making solid pips with this system. I have been pretty busy lately but I'm going to load the dashboard up tomorrow and see what happens.

Paulus, would you mind sharing a step by step process on how you trade the 5 min charts. I actually like your idea of risking 5% per trade and having a 3:1 reward to risk ratio. If you have already stated your method of trading the 5 min chart please just refer me to the post and I will gladly go back and read it.

Hi Bob

Loving this system in its original format. Its simple, there are no lagging indicators to follow, and the results so far, are very good. I will continue to test, but on a small live account.

Thanks again Bob.

Ok I hope this makes sense it fairy simple Il throw in a few charts

 

1. Use the dashboard to find any green on green red on red meaning 2 or 3 ball semaphore in the direction of the trend
2. The trend is determined by nonelagdott ..you can use anything your happy with, moving averages adx etc etc
3. Find the swap and load the chart on 5min
4. The example shown is a short,so I now need price to come up above nonelagdot this is to filter out some false semaphore signals
5. The 1st chart shows the 2 ball signal that would of given red red on my dashboard
6. I then draw a fib line on the last swing down as shown in chart 2 this can be where its drawn or across poits A and B the blue zone inbetween 50% and 61.8% is my IDEAL window thats where price has to be when I get the semaphore signal but it can retrace further as long as nonelag dot stays red.
7. Normal entry after that with limit order but nonelagdot has to stay red at time of entry as in chart 3
8. Risk is 5% of account TP 3 x risk = 15% 3;1 risk return you can use what % you want 1% risk on SL = 3% risk on TP RR will be the same pips gained will be the same

50 minutes later a 2nd signal

These are only examples trading times would be 8am to 5pm UK time after that price actions flattrens out and volatility goes not a concerm on 1 or 4 hour charts etc

I dont find any green on green or red on red balls in your chart. Kindly please elaborate more on the chart.Thanks!