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123PatternsV6 revisited

  • #1,081
  • Feb 10, 2014 1:46pm Feb 10, 2014 1:46pm
V7 b1: http://www.forexfactory.com/showthre...63#post5213263

V7 b2: http://www.forexfactory.com/showthre...03#post5219503
Newbie trader
  • #1,082
  • Feb 10, 2014 2:24pm Feb 10, 2014 2:24pm
dee50 ? Where are you? You do not have a deal to display this month? How do you see what's new in MT4?
  • #1,083
  • Feb 11, 2014 9:05am Feb 11, 2014 9:05am
EU +17 +38. Yellen News Trade. I have been off with flu so I have not traded for the last week. I decided to ease back into things and trade Yellen. it was unlikely that she was going to countermand any thing that Bernanke had set in motion so I was expecting price to go down. The difficulty was judging by how much so the easiest way was by picking out recent S&R levels and taking profits at each one.

I have included a 5min chart to show how I entered. I waited for the Pullback after the initial spike down, this pulled back to a short term S&R level which was also the 61.8% retracement of the initial spike, the theory was that if price closed above the 61.8% then I would be looking for a long. Just to be safe my SL went just above my entry at only 5 pips so I was not going to go crying back to my bed if I had it all wrong.

I see you have all been having fun with the new release of MT4. Sorry I can not help with that but I do not run the auto update so I am still on build 509.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu yellen +17 +38.png Size: 51 KB
Click to Enlarge Name: eu yellen 5min.png Size: 54 KB
Cut your Losers short and let your Winners run.
  • #1,084
  • Feb 11, 2014 10:27am Feb 11, 2014 10:27am
EU +14 +28. 123 Entry on 5 min. There was a smaller 123 earlier but I wanted to see more upward movement as I was on the 5min chart which ordinarily I would not be. My initial tp was lower but the large candle in the middle of the move convinced me to try for higher.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +14 +28 post yellen.png Size: 54 KB
Cut your Losers short and let your Winners run.
  • #1,085
  • Feb 11, 2014 10:28am Feb 11, 2014 10:28am
Quoting dee50
EU +17 +38. Yellen News Trade. I have been off with flu so I have not traded for the last week. I decided to ease back into things and trade Yellen. it was unlikely that she was going to countermand any thing that Bernanke had set in motion so I was expecting price to go down. The difficulty was judging by how much so the easiest way was by picking out recent S&R levels and taking profits at each one. I have included a 5min chart to show how I entered. I waited for the Pullback after the initial spike down, this pulled back to a short term S&R level...
Thanks Dee for showing this trade and the reasons behind entering especially the 5M chart, fascinating!
I Have Learned to Take Some Losses to Make Profits
  • #1,086
  • Feb 11, 2014 11:28am Feb 11, 2014 11:28am
Ok
  • #1,087
  • Feb 12, 2014 9:53am Feb 12, 2014 9:53am
EU +26 +58. Multiple signals confirming a down move. Pin Bar on the daily. 123 on the 4 Hr & 1hr. Held at the 50% Retracement. Rejected at BRN & S&R level. MBL on the TDI was sloping down. Price & Signal line below the 50%. Stochastics not completing the upward cycle. Every thing was politely indicating that the EU was going down so I briefly considered going long, just to be different, but as I do not print money, I decided to go short. The rest was down to yet another politician/ bureaucrat manipulating the market. Thank you, now I do not have to wait for Draghi this evening.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +26 +58.png Size: 60 KB
Cut your Losers short and let your Winners run.
  • #1,088
  • Feb 13, 2014 1:44am Feb 13, 2014 1:44am
Quoting fex
V7 b1: http://www.forexfactory.com/showthre...63#post5213263 V7 b2: http://www.forexfactory.com/showthre...03#post5219503
Hi

Where is good, corrent running 123PaternsV7 or 123PaternsV6 indicator for MetaTrader4 ver 600?
  • #1,089
  • Feb 13, 2014 7:12am Feb 13, 2014 7:12am
EU +40. Straight forward 123 entry. There were actually a couple of earlier 123 entries but I was asleep. The chart explains everything. I always like to see my entries backed up by confluence, in this instance BPCs, Breakout Pullback to short term S&R level.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +40 13022014.png Size: 60 KB
Cut your Losers short and let your Winners run.
  • #1,090
  • Feb 13, 2014 11:13am Feb 13, 2014 11:13am
Found this on another site and I hope it helps with the indicators here.


As a result of the recent MetaTrader 4 (MT4) Build 600 upgrade, and subsequent versions, the folders for saving EAs have been moved.

To identify your MT4 build click Help > About on your client terminal

https://ci3.googleusercontent.com/pr...014_075902.png

Since this upgrade EAs, Indicators, Scripts and Library files are now to be saved in different locations.

You can access this folder from your MT4 client terminal by clicking on File > Open Data Folder.

All indicators should be saved in the folder titled: MQL4 > Experts.

All indicators should be saved in the folder titled: MQL4 > Indicators.

All library files should be saved in the folder titled: MQL4 > Libraries.

All script files should be saved in the folder titled: MQL4 > Scripts.

Clients using an earlier MT4 build, please note that once you upgrade to the new version your EAs, Indicators, Scripts and Library files will be transferred automatically to the folders mentioned above. Please ensure that this is effective once you upgrade and that your EAs and/or indicators are working correctly.

Finally, the MQL4 language has also been modified in this latest build, and this may interfere with your installed Expert Advisors (EAs) and indicators. If you notice any issues with your pre-installed EAs or indicators we encourage you to take the below actions.
Action 1: Contact your EA provider if you do not have the source code available and request an updated version of the EA, or ensure that the current one can properly run under the new MT4 build.
Action 2: If you have written your own EAs or have the source code available, please follow these steps:

  1. Navigate to Tools > MetaQuotes Language Editor – a new window will appear.

  1. Navigate to View > Navigator – the Navigator box will appear in this window (if not shown already).

  1. Double-click on the EA/indicator you would like to use and update – the relevant EA script will appear in the main window.

  1. Alternatively navigate to File > Open to locate the relevant EA/indicator source code saved on your computer.

  1. Click on Compile in the toolbar on top of the main window (or navigate to File > Compile) – a message will appear in the Toolbox window at the bottom.

  1. Once this has completed and there are no error messages displayed you will need to close and reopen your MT4 client – your EAs and indicators should now be ready to use

  1. If errors or warnings are displayed please review your code again or consult an MQL4 expert.

  1. If it is an EA you are using, it may be good to back test it again, and/or run it on a demo environment for a while prior to using it live.


FinFX wants to inform our clients that we do not upgrade to latest version of MT4 until it has been fully tested on by our development team and with our technology providers.

Build 509 will be usable as long as MetaQuotes keeps the build available for login. Currently the oldest supported version is build 500 and according to MetaQuotes this should not change meaning that even after we have upgraded our server to the latest build, clients can still use the old build 509.

Feel free to contact our Customer Support team via live chat or email [color=#0066cc][email protected][/color] for further assistance.

Scarlett
  • #1,091
  • Feb 14, 2014 4:11am Feb 14, 2014 4:11am
Scarlett. Thank you for posting this information, when I eventually update my MT4 this information will be extremely useful and save me hours of frustration.
Cut your Losers short and let your Winners run.
  • #1,092
  • Feb 14, 2014 7:45am Feb 14, 2014 7:45am
Quoting dee50
Scarlett. Thank you for posting this information, when I eventually update my MT4 this information will be extremely useful and save me hours of frustration.
My pleasure....
someone posted it for me, discontinuing the hours of frustration that I had already spent....
Scarlett
  • #1,093
  • Feb 16, 2014 8:03am Feb 16, 2014 8:03am
Thought this might be of interest to those of you who are trying to Trade the news. This comes from a veteran of 15 years who trades 200 - 300 contracts per day!!!! It is a long video mainly because he rambles so much, but stick with it because amongst it all is some very useful information.

Inserted Video


Although it is a Youtube video it was originally a webinar done for one of the Ninjatrader Forums who have regular webinars for their members
Cut your Losers short and let your Winners run.
  • #1,094
  • Feb 17, 2014 2:15am Feb 17, 2014 2:15am
Quoting dee50
Thought this might be of interest to those of you who are trying to Trade the news. This comes from a veteran of 15 years who trades 200 - 300 contracts per day!!!! It is a long video mainly because he rambles so much, but stick with it because amongst it all is some very useful information. http://youtu.be/ghGbRWRvciY Although it is a Youtube video it was originally a webinar done for one of the Ninjatrader Forums who have regular webinars for their members
Thanks Dee....
  • #1,095
  • Feb 17, 2014 2:27am Feb 17, 2014 2:27am
Ok
  • #1,096
  • Feb 17, 2014 3:59am Feb 17, 2014 3:59am
Has anybody managed to get 123patternsV6 to work with the latest Mt4 build 610?
I have compiled MQ4 Ok, and looks right but not displaying.
We all see the same dream, just from different viewpoints
  • #1,097
  • Feb 18, 2014 7:54am Feb 18, 2014 7:54am
EU +30. Very scrappy 123 TTE entry. not the cleanest entry, but before I lost the will to live I realized that only a long would work and the TP was the BRN with 200% Exp as confirmation. I was tempted to close before the news, but it was the only thing likely to create some movement so I moved my stop upto the short term S&R which gave me a B/E +2 pips and let it run to TP.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +30 18022014.png Size: 57 KB
Cut your Losers short and let your Winners run.
  • #1,098
  • Feb 18, 2014 1:00pm Feb 18, 2014 1:00pm
Quoting dee50
EU +30. Very scrappy 123 TTE entry. not the cleanest entry, but before I lost the will to live I realized that only a long would work and the TP was the BRN with 200% Exp as confirmation. I was tempted to close before the news, but it was the only thing likely to create some movement so I moved my stop upto the short term S&R which gave me a B/E +2 pips and let it run to TP. {image}

That's great with the current drunk market condition ....
  • #1,099
  • Feb 18, 2014 6:57pm Feb 18, 2014 6:57pm
Scarlet. your post concernning correctiiing the indis/EA for new build (600+). The instructions states all idicators saved in MLQ4>experts, then next line states all indicators should be saved in MLQ>indicators, ..What happened to EA's?? also copy both EXE and MLQ files???
  • #1,100
  • Feb 19, 2014 7:52am Feb 19, 2014 7:52am
EJ +38. Straight forward clean 123 Entry, signalled on 1hr and 15min chart. TP was obvious, so much confluence price was always going to bounce. BRN, S&R, 50% & 61.8% Fib Ret, 200% Exp. I did not bother with my other pairs, the range is so small that although direction is obvious, the oil leak on my car drips faster and further than current PA. News is minor so unlikely to have much effect, even FOMC this evening is going to be a none event.
Attached Image (click to enlarge)
Click to Enlarge Name: ej +38 19022014.png Size: 62 KB
Cut your Losers short and let your Winners run.
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