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My Market Order System

  • #621
  • Mar 14, 2014 5:17am Mar 14, 2014 5:17am
Quoting Paulus
{quote} Ive looked into this mysel its very difficult to find market sentiment suitable for your time frame Most will be daily at the min ..most will be month weekly P
I reckon even a weekly forecast would be OK as most of my daily trades take a long time to fire
We are all One. Be present. Be the Observer
  • #622
  • Mar 14, 2014 6:39am Mar 14, 2014 6:39am
Quoting Iamfx
{quote} I reckon even a weekly forecast would be OK as most of my daily trades take a long time to fire
Try this update every 30 mins http://www.dukascopy.com/swiss/engli...tch/sentiment/

And here http://www.forexsentiment.net/

P
  • #623
  • Mar 14, 2014 6:45am Mar 14, 2014 6:45am
sentiment giving 66.6% sell so maybe good for a trade..
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  • #624
  • Mar 14, 2014 7:17am Mar 14, 2014 7:17am
something bothering me ,
on my live account there was a spike overnight that should have ended a trade I had on at BE ,
it spiked well past the SL but didn't end the trade , it worked in my favour as it ended going my way + 28 pips .
this never happened to me before , usually spikes just enough to take my SL.
Anyone have thoughts on this please?
Regards orid peter
  • #625
  • Mar 14, 2014 7:23am Mar 14, 2014 7:23am
You need to phone or contact your broker and find out why your SL didnt trigger

But be careful they may take your pips and reverse the descion to break even ........... spread betting brokers have a habit of doing such !

P
  • #626
  • Mar 14, 2014 8:28am Mar 14, 2014 8:28am
Quoting 4xplosion
{quote} On lower timeframes it normally repaints.....but I doubt it would do so on daily!
i observed on demo a/c but unfortunately this indicator is repaints it self. so be ready for booking loss till correct low or high being made.
  • #627
  • Mar 14, 2014 9:39am Mar 14, 2014 9:39am
non repaint zig zag attached....can be used for entry confirmation, scaling out and exits...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4 non repaint zigzag.png Size: 42 KB
Click to Enlarge Name: gbpusddaily.png Size: 35 KB
Attached File(s)
File Type: ex4 ZZ non repaint_EDU.ex4   3 KB | 528 downloads
File Type: mq4 ZZ non repaint_EDU.mq4   3 KB | 638 downloads
  • #628
  • Mar 14, 2014 10:16am Mar 14, 2014 10:16am
Quoting Paulus
You need to phone or contact your broker and find out why your SL didnt trigger But be careful they may take your pips and reverse the descion to break even ........... spread betting brokers have a habit of doing such ! P
thank you Paulus,
I'll leave it for nowand see if it happens again.
live account down to + 230 pips ,
3 trades on and 3 pending orders on 4 hour
off to bed , goodnight all ,and good luck
Regards peter
  • #629
  • Mar 14, 2014 4:25pm Mar 14, 2014 4:25pm
Quoting Paulus
{quote} Try this update every 30 mins http://www.dukascopy.com/swiss/engli...tch/sentiment/ And here http://www.forexsentiment.net/ P
Thanks Paulus I will check it out
We are all One. Be present. Be the Observer
  • #630
  • Mar 14, 2014 9:39pm Mar 14, 2014 9:39pm
Quoting Iamfx
{quote} Thanks Paulus I will check it out
These just cover sentiment which as far as I know can be traded with sentiment or in a contrarian fashion---ie. if 60% are long you can either go with the crowd or because the crowd are generally supposed to be wrong you go opposite.
I'm more interested in a site that would deal in interest rates, world events and political/economic policies and give a weekly bias based on them.
We are all One. Be present. Be the Observer
  • #631
  • Mar 15, 2014 3:09am Mar 15, 2014 3:09am
Quoting orid
Martin , are you still trading daily only? For me jury is still out on which is the best . daily or 4 hr Daily is nice because need really small screen time , although 4 hr I usually only check 3-4 times a day, here is my daily ( demo) just cashed in 100+ pips on us/jpy by mistake . (was looking at 4 hr new disc lol) anyone else trading daily ? Regards Orid

I'm trading both daily and 4h, still undecided which I prefer, I think it's good to scan both and keep your options open and if there is a signal on both at the same time all the better

Martin
  • #632
  • Mar 15, 2014 9:32pm Mar 15, 2014 9:32pm
Quoting ukmartin
{quote} I'm trading both daily and 4h, still undecided which I prefer, I think it's good to scan both and keep your options open and if there is a signal on both at the same time all the better Martin
yes martin, I have been watching that situation , (daily + 4hr) which has worked on quite a few occasions , good filter .
regards orid peter
  • #633
  • Mar 16, 2014 8:09am Mar 16, 2014 8:09am
Quoting Paulus
{quote} Its doing ok But many swaps and time frames its difficult to keep track and my record keeping is not good Im more a thinker creator and trader than a record keeper. I think Im going to plump for an indicator to be written not an EA at this stage..One of the big advantages of an indicator over an EA is that you can apply it to any swap and time frame and see instantly where the signals are. I will post here when done P

Would the indy give us the lot size based on SL? That would be helpful.
  • #634
  • Mar 16, 2014 10:18am Mar 16, 2014 10:18am
I've been trading this system successfully for a short while now and have to say it's going resonably well.

H4 > Daily to be honest.

I look at S&R lvls to confirm a trade, on a regular candlesticks chart.

i've been trading ways that makes sense and "work for me" and it's been delightful (up 4000 pips on a demo acc with Dukascopy, up generous amounts in the thousands on demo accs with a couple of other brokers) looking to go live soon.

Peter, how is your live account going? market is opening today/tomorrow - good luck for the week!
  • #635
  • Mar 16, 2014 10:28am Mar 16, 2014 10:28am
Hi Aura,

How do you trade this system? Other than S&R levels, you just follow the rules stated in 1st post? Would you share your chart with us? Great to hear that you are making good.
  • #636
  • Mar 16, 2014 10:39am Mar 16, 2014 10:39am
Ho to adjust the distance of the semafore indi (from post 1) further from the candle? Anyone please help.

Thank you in advance.
  • #637
  • Mar 16, 2014 10:42am Mar 16, 2014 10:42am
Quoting sam2vt
Hi Aura, How do you trade this system? Other than S&R levels, you just follow the rules stated in 1st post? Would you share your chart with us? Great to hear that you are making good.
Currently on my phone, so cannot post a chart. But looking at the charts using this system, you can generally tell which way the trend will go. #3 discs are the most important. I generally use the H4 time frame, and use the S&R lvls to confirm as i said. It is important to wait till the trend swings the other way before you enter, DO NOT countertrend trade, MM fake outs are hell for us amateurs. The H1 chart usually gives a #3 disc when the H4 chart gives a #2 disc, i take this into consideration looking at a few other factors, but generally i do not exit a trade until the H4 chart tells me to do so (also looking at S&R lvls).

I've lately been more A LOT more confident in myself with how i've been trading, i'm starting to see more just by looking at a regular chart, so i haven't even been using SL's (demo). Good way to improve confidence, however i seriously do not recommend this if you decide to go live.
  • #638
  • Mar 16, 2014 11:07am Mar 16, 2014 11:07am
Quoting AuraFX
I've been trading this system successfully for a short while now and have to say it's going resonably well. H4 > Daily to be honest. I look at S&R lvls to confirm a trade, on a regular candlesticks chart. i've been trading ways that makes sense and "work for me" and it's been delightful (up 4000 pips on a demo acc with Dukascopy, up generous amounts in the thousands on demo accs with a couple of other brokers) looking to go live soon. Peter, how is your live account going? market is opening today/tomorrow - good luck for the week!
great to hear you are doing well Aura,
bobs is a great method, I believe,
My live is not doing that great I took Ct trades last week although its up 200 pips , with three trades on and three pendings ,
still battling with the grey matter , pulled out of couple trades much to early last week, must learn to control this fault or all is lost.
I will be stronger this week , (promise) LOL
RegardsOrid Peter
  • #639
  • Mar 17, 2014 4:24am Mar 17, 2014 4:24am
Crossed fingers starting to look good on live 4 hr exept the one I most expected to do well .
Regards Peter
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  • #640
  • Mar 17, 2014 4:26am Mar 17, 2014 4:26am
Quoting orid
Crossed fingers starting to look good on live 4 hr exept the one I most expected to do well . Regards Peter {image}

Hi Orid,
would you be so kind to post your template and the indicators. Thanks.
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