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Price Action in Day Trading by Dadas

  • #3,521
  • Mar 28, 2014 3:38pm Mar 28, 2014 3:38pm
Attached Image (click to enlarge)
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Trade the facts, not opinions.
  • #3,522
  • Edited Mar 29, 2014 6:28am Mar 28, 2014 5:42pm | Edited Mar 29, 2014 6:28am
I believe the tools that are named below are indicators not EA. They appear as EA on my platform. Do correct me if am wrong pls
111_Draw_HILOBAR_Zone.mq4
111_Draw_Shadow_Zone.mq4
111_Draw_Shadow_Zone_Rev.mq4
111_Draw_BO_Close_Line.mq4 and
Dadas_Fibo_Trade_Layout_Script.mq4
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-2 copy.jpg Size: 77 KB
Attached Image (click to enlarge)
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Where can I get an indicator showing daily and weekly range like the one you have on your chats. Thanks
  • #3,523
  • Mar 29, 2014 7:39am Mar 29, 2014 7:39am
Quoting dapsy
I believe the tools that are named below are indicators not EA. They appear as EA on my platform. Do correct me if am wrong pls 111_Draw_HILOBAR_Zone.mq4 111_Draw_Shadow_Zone.mq4 111_Draw_Shadow_Zone_Rev.mq4 111_Draw_BO_Close_Line.mq4 and Dadas_Fibo_Trade_Layout_Script.mq4 {image}{image}Where can I get an indicator showing daily and weekly range like the one you have on your chats. Thanks
They are not indicators, nor expert advisors.
They are scripts.
In the latest version of MT4 they go into:
MetaTrader 4/MQL4/Scripts folder.
That's where you save them.
You use these tools by drag&drop onto a specific candle.
Attached File(s)
File Type: mq4 Daily_Range_Stats.mq4   38 KB | 671 downloads
File Type: mq4 Custom_Range_Stats.mq4   28 KB | 559 downloads
Trade the facts, not opinions.
  • #3,524
  • Mar 29, 2014 10:57am Mar 29, 2014 10:57am
All right, encouriging developments. Unfortunately I canīt use the new True Trend, Iīd like to try it. Does anyone else have problems.
I installed it and MT4 recognizes it but I canīt attach it to the chart.
  • #3,525
  • Edited 12:39pm Mar 29, 2014 12:24pm | Edited 12:39pm
Quoting Christianfx
All right, encouriging developments. Unfortunately I canīt use the new True Trend, Iīd like to try it. Does anyone else have problems. I installed it and MT4 recognizes it but I canīt attach it to the chart.
Christianfx, the problems are most probably associated with the new MT4 platform.
On systems like Windows 7, you must look for the folders to paste the mq4 files in system appdata.
I don't know exactly, c/z I am using XP.
But even on XP, there is a MQL4 folder, which wasn't there before.
That's where you will find the Experts, Indicators, Scripts and other folders.
I suppose it's similar on Windows 7, but the working folders are in a different location.

PS. You must get there through the search window typing %appdata%
Trade the facts, not opinions.
  • #3,526
  • Mar 29, 2014 1:36pm Mar 29, 2014 1:36pm
Quoting Dadas
{quote} They are not indicators, nor expert advisors. They are scripts. In the latest version of MT4 they go into: MetaTrader 4/MQL4/Scripts folder. That's where you save them. You use these tools by drag&drop onto a specific candle. {file} {file}
Thanks for the reply and the Indicators, I have saved them in the script folder and they work well. I really appreciate.
  • #3,527
  • Mar 29, 2014 4:26pm Mar 29, 2014 4:26pm
Quoting Dadas
{quote} Christianfx, the problems are most probably associated with the new MT4 platform. On systems like Windows 7, you must look for the folders to paste the mq4 files in system appdata. I don't know exactly, c/z I am using XP. But even on XP, there is a MQL4 folder, which wasn't there before. That's where you will find the Experts, Indicators, Scripts and other folders. I suppose it's similar on Windows 7, but the working folders are in a different location. PS. You must get there through the search window typing %appdata%

I did actually paste it in the folder. I didnīt really get the appdata thing at first, but I got it now. I accessed the folders through the appdata several times and pasted the indi in there. It still wonīt work. The indi is in the Navigator window, but when I drag it onto the chart nothing happens. Maybe itīs my platform? I might get a newer version.
  • #3,528
  • Mar 29, 2014 8:29pm Mar 29, 2014 8:29pm
Quoting Dadas
{quote} You know, guys, I am looking at my own creation on this quoted post, and I am laughing, truelly laughing at how F_cking simple this is. This simple Dadas_True_Trend_Indi is worth millions-billions of dollars, as many as you can generate! Just trade the True Trend Crosses. Do this trick, set candles to color NONE: {image} You don't need any Candles, Bars, Lines... Actually, you don't need any other information! {image}

??????
  • #3,529
  • Edited 3:15am Mar 30, 2014 3:00am | Edited 3:15am
Quoting Christianfx
{quote} I did actually paste it in the folder. I didnīt really get the appdata thing at first, but I got it now. I accessed the folders through the appdata several times and pasted the indi in there. It still wonīt work. The indi is in the Navigator window, but when I drag it onto the chart nothing happens. Maybe itīs my platform? I might get a newer version.
The version of MT4 I am using now is: Version 4 Build 625
And, that's the version the files are compiled in.

You can open the Meta Editor, open the file in it, compile it by clicking on the button.
This will recompile the file in your MT4 version.
No harm will be done, since I am not using any special new codings.
Only the line with OBJPROP_SELECTABLE won't work with the older version.
Those lines can be deleted, if you wish.

Anyway, when compiling in Meta Editor, at the bottom, you will get a confirmation about errors and warnings.
If it returns errors, the file won't work.
In the new version, even when there are warnings, the file won't work.
The code must be clean.

And, I have also noticed another funny thing about the new version:
sometimes, after recompiling, I must remove the indi from the chart and put it on again.
Trade the facts, not opinions.
  • #3,530
  • Mar 30, 2014 3:01am Mar 30, 2014 3:01am
Quoting lumiche
{quote} ??????
!!!!!!
Trade the facts, not opinions.
  • #3,531
  • Mar 30, 2014 4:09am Mar 30, 2014 4:09am
Dadas,
Thank you for your indicator true trend,
could you explain what it is calculating and what the Extensions. are based on

Thank you


Quoting Dadas
{quote} You know, guys, I am looking at my own creation on this quoted post, and I am laughing, truelly laughing at how F_cking simple this is. This simple Dadas_True_Trend_Indi is worth millions-billions of dollars, as many as you can generate! Just trade the True Trend Crosses. Do this trick, set candles to color NONE: {image} You don't need any Candles, Bars, Lines... Actually, you don't need any other information! {image}
  • #3,532
  • Mar 30, 2014 5:05am Mar 30, 2014 5:05am
Quoting toddanderson
Dadas, Thank you for your indicator true trend, could you explain what it is calculating and what the Extensions. are based on Thank you {quote}
Well, the code is open, so you could read it.
If you put it on your chart, you can see clearly how it is calculated.
If you can't see that, you have a very long way to travel before you reach the point of understanding the charts!

To make things simple, set Tf = 60; and apply to H1 chart.
If you can't see it, really, spend more time on learning what charts are about.

Next, just go to M15 or M5 without changing the Tf setting.

This is true trend! Not any calculated trend.

BTW.
I don't know how to write a code plotting exactly from the Lowest M1 in H1, for example.
If you plot manually a trendline on H1 and go to M5, you will see that the line is plotted
from the begining time of the hour, not from the actual Low or High on M5.

IOW, to do that I need iBarShift(); of the Lowest Low or Highest High of the given Hour from M1.
To get that, I need to know the iTime(); of the M1 Candle.
But, the code can't know the iTime(); without knowing the iBarShift(); - thus the circle completes itself.
There are other issues, data gaps on M1, which make other calculations simply useless.
Trade the facts, not opinions.
  • #3,533
  • Mar 30, 2014 5:29am Mar 30, 2014 5:29am
This is to everyone!

Trend
NOUN

  1. 1 A general direction in which something is developing or changing.

By Oxford Dictionary.

Trend
The general direction of a market or of the price of an asset.
Trends can vary in length from short, to intermediate, to long term.
If you can identify a trend, it can be highly profitable, because you will be able to trade with the trend.

By Investopedia.

Thus, if Price is forming Higher Lows from a certain Floor Level, Trend is Up.
Thus, if Price is forming Lower Highs from a certain Ceiling Level, Trend is Down.

From one Low of H1 to another Low of H1 - it's a Trend!!!
From one High of H1 to another High of H1 - it's a Trend!!!

The same stands for any other Timeframe!!!

It is as simple as this!!!!!!

Trade the facts, not opinions.
  • #3,534
  • Mar 30, 2014 5:50am Mar 30, 2014 5:50am
This is also to everyone!

Trading is not about knowing or predicting or calculating which way the Price will Trend!!!
Trading is about Trading, which means Entering Trades and Managing the Risk in such a way
that if the Price goes against our direction, we Lose proportionally a little,
but if the Price goes in our favor, we Win proportionally a lot!

All the other stuff is just plain BS, only consuming our time and energy.
Trade the facts, not opinions.
  • #3,535
  • Mar 30, 2014 11:54am Mar 30, 2014 11:54am
All right itīs working, thanks. I had to download a new version. There were still errors on the old one
  • #3,536
  • Edited 7:52am Mar 31, 2014 7:33am | Edited 7:52am
Am I doing the right thing?
GDP/JPY
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-4copy.jpg Size: 56 KB
USD/JPY
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-5copy.jpg Size: 95 KB
  • #3,537
  • Mar 31, 2014 10:42am Mar 31, 2014 10:42am
Quoting dapsy
Am I doing the right thing? GDP/JPY {image} USD/JPY {image}
Well, dapsy, you tell me!
Are you doing the right things?
What are your results showing you?
Trade the facts, not opinions.
  • #3,538
  • Apr 1, 2014 4:58am Apr 1, 2014 4:58am
With great thanks to my good friend Phi1ipp,
I introduce the Dadas_True_Trend_Indi_v3.mq4
Attached File(s)
File Type: mq4 Dadas_True_Trend_Indi_v3.mq4   6 KB | 472 downloads

Attached File(s)
File Type: ex4 Dadas_True_Trend_Indi_v3.ex4   13 KB | 375 downloads

This one shows the trend of the chosen Tf on any smaller Tf.
So, if you set Tf=60; you won't see it on H1 charts, but you will
see it on M30, M15, M5 & M1 charts.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm1.png Size: 42 KB

Also, there are no extentions,
because this time the trend is plotted the way it should be,
or the best way MT4 allows us to do this.
Trade the facts, not opinions.
  • #3,539
  • Apr 1, 2014 6:37am Apr 1, 2014 6:37am
As you might expect, I am always inventing something.
Thus, Dadas_True_Trend_Indi_v3.1.mq4 with extensions.
Attached File(s)
File Type: mq4 Dadas_True_Trend_Indi_v3.1.mq4   8 KB | 573 downloads
File Type: ex4 Dadas_True_Trend_Indi_v3.1.ex4   16 KB | 470 downloads
Trade the facts, not opinions.
  • #3,540
  • Apr 1, 2014 12:17pm Apr 1, 2014 12:17pm
Quoting Dadas
{quote} Well, dapsy, you tell me! Are you doing the right things? What are your results showing you?
Had positive result on both trades. It's my second time entering a trade after reading and re-reading the first 30 page of the thread, never being so happy of a trading system. I got to know about FX in the year 2011. I stooped trading after blowing up my first account. I have been search for a place where I can have a proper understanding of price action and thank God I found one. Thanks for the thread Dadas. God bless

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