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Attachments: My Market Order System
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My Market Order System

  • #981
  • May 14, 2014 3:35pm May 14, 2014 3:35pm
Quoting lucariga
{quote} Hey taru, are you still using fixed 60 pips SL for all pairs? what about TP? I think your method to trade this system is really easy to follow and understand....
Thanks lucariga.

Your questions and my answers....

Are you still using fixed 60 pips SL for all pairs?
Yes. I use 60 pips for H4 and 100 pips for daily TF.

What about TP?
I do not use TP and wait for a reverse signal to exit. I have just done so on a short position I have on GBPAUD that I have mentioned in the above post. I am also attaching the same chart with explanation of my exit strategy. Hope it helps.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudh4.png Size: 79 KB
The trader IS the holy grail.
  • #982
  • May 14, 2014 3:57pm May 14, 2014 3:57pm
Hi taru
again really good job nice to see your trades.. they are so helpful PERFECT !
Neural Network Algorithm and Econophysics
  • #983
  • May 14, 2014 3:58pm May 14, 2014 3:58pm
Quoting ForexSwag
The Trend line is very important for this system... Detailed pic. {image}
Hello
Could you share your trend template and indicators ?
Neural Network Algorithm and Econophysics
  • #984
  • May 14, 2014 3:59pm May 14, 2014 3:59pm
Quoting Vigovski
Hi taru again really good job nice to see your trades.. they are so helpful PERFECT !
Thanks again Vigovski.

Here is another example to illustrate my exit strategy, this time a short on the cable.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 62 KB
The trader IS the holy grail.
  • #985
  • May 14, 2014 4:04pm May 14, 2014 4:04pm
Quoting taru
{quote} Thanks lucariga. Your questions and my answers.... Are you still using fixed 60 pips SL for all pairs? Yes. I use 60 pips for H4 and 100 pips for daily TF. What about TP? I do not use TP and wait for a reverse signal to exit. I have just done so on a short position I have on GBPAUD that I have mentioned in the above post. I am also attaching the same chart with explanation of my exit strategy. Hope it helps. {image}
Many thanks and crystal clear.

when a 3 dot appares on 4h TF you enter only if there is also a 2 or 3 dot in the Daily right?
  • #986
  • May 14, 2014 4:18pm May 14, 2014 4:18pm
Eur/jpy Setup....
Creditors have better memories than debtors.
  • #987
  • Edited 4:36pm May 14, 2014 4:22pm | Edited 4:36pm
Quoting taru
{quote} Thanks again Vigovski. Here is another example to illustrate my exit strategy, this time a short on the cable. {image}
great job indeed!,but be aware that sometimes even daily/4hrs entry that you use is made false moves..(even you wait and enter after it takes last L/H price)you

must consider good filter to avoid it cause in "real life"..its very painfull to take the lost with the daily SL..

anyway i wish you GL with your trades and suggese you to test it at least quarter year to take your concluusions on it,

just my 2 centavos..

Eitan.
when GOD brings you a challenge he also gives you the power to deal with it
  • #988
  • May 14, 2014 4:24pm May 14, 2014 4:24pm
Quoting lucariga
{quote} Many thanks and crystal clear. when a 3 dot appares on 4h TF you enter only if there is also a 2 or 3 dot in the Daily right?
Exactly. By the way I have setup the exit on the cable. Look at the latest chart below.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 50 KB
The trader IS the holy grail.
  • #989
  • May 14, 2014 4:32pm May 14, 2014 4:32pm
Quoting ForexSwag
Eur/jpy Setup....
be carefull with it its still have more room for down..consider that its broke the 139.90 and now it will act as R area and the next S area is

at 138.80 ish if it will break again the 139.90/140.00 area and close above maybee it will good signal for go long
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 220 KB


take care

Eitan.
when GOD brings you a challenge he also gives you the power to deal with it
  • #990
  • May 14, 2014 4:48pm May 14, 2014 4:48pm
Quoting eitan1010
{quote} great job indeed!,but be aware that sometimes even daily/4hrs entry that you use is made false moves..(even you wait and enter after it takes last L/H price)you must consider good filter to avoid it cause in "real life"..its very painfull to take the lost with the daily SL.. anyway i wish you GL with your trades and suggese you to test it at least quarter year to take your concluusions on it, just my 2 centavos.. Eitan.
Thanks Eitan.

You are absolutely right about watching out for false moves and I will appreciate any suggestions to help avoid them.

For the moment, I believe I need to take every signal that this system generates, limit the losses to 1% and let the profitable trades run as long as possible. I hope, by doing so, the profits will outstrip the losses and let the capital grow.
The trader IS the holy grail.
  • #991
  • May 14, 2014 4:52pm May 14, 2014 4:52pm
Quoting taru
{quote} Thanks Eitan. You are absolutely right about watching out for false moves and I will appreciate any suggestions to help avoid them. For the moment, I believe I need to take every signal that this system generates, limit the losses to 1% and let the profitable trades run as long as possible. I hope, by doing so, the profits will outstrip the losses and let the capital grow.

i wish you GOOD LUCK from my heart!
when GOD brings you a challenge he also gives you the power to deal with it
  • #992
  • May 14, 2014 5:01pm May 14, 2014 5:01pm
Quoting eitan1010
{quote} i wish you GOOD LUCK from my heart!
Thanks again. I'll be looking for ways to improve filtering out the bad trades. Please do not hesitate to make suggestions.
The trader IS the holy grail.
  • #993
  • May 14, 2014 5:28pm May 14, 2014 5:28pm
Here are a couple of MTF indicators to show the daily candle and daily semafor on a 4 hr chart, so you don't have to switch back and forth between timeframes. You need both semafor indi's in your indicator folder for the MTF one to work. Also, I have the mq4 files, but they won't work after compiling on Build 645. I had to compile them on an older mt4 version, then the ex4 files will work in Build 645. (the mtf semafor didn't work at all at first... several lines were commented out in error, which I fixed).

Load up the mtf semafor first, then the regular one (so that the smaller semafors will be visible on top of the larger ones). If you want the mtf daily candles, load that up before the semafors.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 25 KB
Attached File(s)
File Type: ex4 3_Level_ZZ_Semafor.ex4   8 KB | 356 downloads
File Type: ex4 3_Level_ZZ_Semafor_MTF.ex4   7 KB | 416 downloads
File Type: ex4 CustomCandle_MTF.ex4   10 KB | 376 downloads
  • #994
  • May 14, 2014 5:35pm May 14, 2014 5:35pm
Quoting eitan1010
{quote} be carefull with it its still have more room for down..consider that its broke the 139.90 and now it will act as R area and the next S area is at 138.80 ish if it will break again the 139.90/140.00 area and close above maybee it will good signal for go long{image} take care Eitan.
Yeah i made sure to put a tight stop on this trade.

I have on my chart next support 138.821
RWL

I decided to take the trade because it's bouncing off the channel...
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpy Long trade may 14.PNG Size: 63 KB
Creditors have better memories than debtors.
  • #995
  • May 14, 2014 6:30pm May 14, 2014 6:30pm
Taru I have a question. On your GBAU chart didn't the semaphore give a yellow 3 signal on 2014.05.09 12:00 or there about? How did you avoid going long there?
Again on the GU a 3 signal on 05.13 16:00 which would be about 5 candles back on your chart.
Bob
  • #996
  • May 14, 2014 7:19pm May 14, 2014 7:19pm
Quoting tehO
{quote} acey are you refering to the mri system?
Hi tehO, forexswag is correct, I am talking about this system For MRI, it is not included in the pairs that are tested. Better stick with the the known pairs for MRI as it has already been backtested. however for this system (market order), i think everyone here is testing the system so I was putting up a suggestion of trying this system in gold and silver pairs.
  • #997
  • May 14, 2014 10:09pm May 14, 2014 10:09pm
Hi Celticheart,
Thanks for the indicators....Most interesting.
Regards,
Ronald
Ronnie Renko
  • #998
  • May 14, 2014 10:33pm May 14, 2014 10:33pm
Bad for this day~all touch SL.
Never mind and cheer up ~
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2014-05-15-11-31-18.png Size: 91 KB
Everyone can find their HolyGrail
  • #999
  • May 15, 2014 12:19am May 15, 2014 12:19am
Quoting celticheart
Here are a couple of MTF indicators to show the daily candle and daily semafor on a 4 hr chart, so you don't have to switch back and forth between timeframes. You need both semafor indi's in your indicator folder for the MTF one to work. Also, I have the mq4 files, but they won't work after compiling on Build 645. I had to compile them on an older mt4 version, then the ex4 files will work in Build 645. (the mtf semafor didn't work at all at first... several lines were commented out in error, which I fixed). Load up the mtf semafor first, then the...
MTF sem dont work (isnt shoup on chart)
when GOD brings you a challenge he also gives you the power to deal with it
  • #1,000
  • May 15, 2014 12:28am May 15, 2014 12:28am
Howdy Eitan,
Ronald here mate...I have not posted in your forum for several weeks but continue to watch and test your great work....Please tell me when do you sleep mate..
The MTF Sem appear to be working on my charts but I am not a software expert like yourself..
Have a great day.
Regards,
Ronald
Ronnie Renko
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