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Attachments: My Market Order System
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My Market Order System

  • #1,041
  • May 18, 2014 10:57am May 18, 2014 10:57am
hi tai9127, I agree with your idea of trying to control the repaint issue, but I would do it another way,

Place BuyStop above the GREEN 3 DOT --- SellStop under the GREEN 3 DOT
Place SellStop under RED 3 DOT BuyStop above the RED 3 Green Dot

The idea is to stay with the current trend before trying to go against it. In my view placing a BuyLimit under the Green 3 Dot and vice versa for the RED 3 DOT is like catching a falling knife.
  • #1,042
  • May 18, 2014 11:08am May 18, 2014 11:08am
if you want ..here is my suggestion for help here..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 232 KB


Regards

Eitan.
when GOD brings you a challenge he also gives you the power to deal with it
  • #1,043
  • May 18, 2014 9:29pm May 18, 2014 9:29pm
Quoting zxpips
hi tai9127, I agree with your idea of trying to control the repaint issue, but I would do it another way, Place BuyStop above the GREEN 3 DOT --- SellStop under the GREEN 3 DOT Place SellStop under RED 3 DOT BuyStop above the RED 3 Green Dot The idea is to stay with the current trend before trying to go against it. In my view placing a BuyLimit under the Green 3 Dot and vice versa for the RED 3 DOT is like catching a falling knife.
  • #1,044
  • May 18, 2014 9:32pm May 18, 2014 9:32pm
I'm happy just to WAIT for the closed candle in the direction you want to trade...
Currently I'm waiting for the next closed candle in the preferred direction for these trades, and that won't happen till at least tomorrow 7am for me here in Oz.
Don't forget to wait for the closing candle in the direction of the trade.
USDCHF SELL
EURCAD BUY
EURGBP BUY
EURJPY BUY
CHFJPY BUY
USDJPY BUY
EURUSD BUY
  • #1,045
  • May 18, 2014 9:33pm May 18, 2014 9:33pm
Quoting bobhowson
I'm happy just to WAIT for the closed candle in the direction you want to trade... Currently I'm waiting for the next closed candle in the preferred direction for these trades, and that won't happen till at least tomorrow 7am for me here in Oz. Don't forget to wait for the closing candle in the direction of the trade. USDCHF SELL EURCAD BUY EURGBP BUY EURJPY BUY CHFJPY BUY USDJPY BUY EURUSD BUY
I will only trade 4 of these at the max though...
  • #1,046
  • May 18, 2014 9:38pm May 18, 2014 9:38pm
Thanks Bob~
Is there any indi can draw the trendline from low high or high low?
I think we can use it or fibonacci to figure out how it'll go.
Everyone can find their HolyGrail
  • #1,047
  • May 18, 2014 10:35pm May 18, 2014 10:35pm
Try these settings out 13, 34,55 Gives less false signals....
Good Luckk!
Attached Image
Creditors have better memories than debtors.
  • #1,048
  • May 18, 2014 10:39pm May 18, 2014 10:39pm
Quoting tai9127
Thanks Bob~ Is there any indi can draw the trendline from low high or high low? I think we can use it or fibonacci to figure out how it'll go.
Here's a trendline indicator for MT4
Default trendline timeframe is set at 240...
Attached File(s)
File Type: ex4 Trendchannel.ex4   14 KB | 419 downloads
Creditors have better memories than debtors.
  • #1,049
  • May 19, 2014 6:18am May 19, 2014 6:18am
GBP/JPY update.

The power of dailies. Strong areas of support / resistance, trend line, psych areas and the semaphore.

Already reached my monthly target with this trade alone. Looking for another 50-100 pips on this trade before closing.

Happy pips everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpydaily.png Size: 42 KB
What you do is a reflection of you....what I do is a reflection of me.
  • #1,050
  • May 20, 2014 2:23am May 20, 2014 2:23am
Here are my open positions, risking 1% per trade. 3 losses but good floating profit. I will exit as per Taru recommendation. So far, I just adjusted NZDJPY SL.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 169 KB
  • #1,051
  • May 20, 2014 2:31pm May 20, 2014 2:31pm
Quoting Fbird
Here are my open positions, risking 1% per trade. 3 losses but good floating profit. I will exit as per Taru recommendation. So far, I just adjusted NZDJPY SL. {image}
Great going Fbird. Hope you are still in the trade.
The trader IS the holy grail.
  • #1,052
  • May 20, 2014 2:49pm May 20, 2014 2:49pm
Quoting taru
{quote} Great going Fbird. Hope you are still in the trade.
Yes Taru ! Still in

Will adjust SL on all trades save for AU and GA. No semaphor 2 or 3 has appeared on the daily for these 2, so I maintain initial SL.
  • #1,053
  • May 20, 2014 3:27pm May 20, 2014 3:27pm
Quoting Fbird
{quote} Yes Taru ! Still in Will adjust SL on all trades save for AU and GA. No semaphor 2 or 3 has appeared on the daily for these 2, so I maintain initial SL.
Great! The AUDCAD has recently transitioned into a downtrend and shorts will likely face lower risk.
The trader IS the holy grail.
  • #1,054
  • May 20, 2014 3:38pm May 20, 2014 3:38pm
Quoting Fbird
Here are my open positions, risking 1% per trade. 3 losses but good floating profit. I will exit as per Taru recommendation. So far, I just adjusted NZDJPY SL. {image}
Hi can you please share your indicator on top left corner - the one that shows risk

How are you calculating your risk

Eg. Balance / ?
  • #1,055
  • May 20, 2014 4:21pm May 20, 2014 4:21pm
Quoting taru
{quote} Great! The AUDCAD has recently transitioned into a downtrend and shorts will likely face lower risk.
Finally, just adjusted SL on GN. On other trades, new semaphor appeared on current candle. Will see tomorrow morning as it is late here in Europe.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdh4.png Size: 78 KB
  • #1,056
  • May 20, 2014 4:25pm May 20, 2014 4:25pm
Quoting Feefee
{quote} Hi can you please share your indicator on top left corner - the one that shows risk How are you calculating your risk Eg. Balance / ?
Here it is FeeFee. Position is calculated as % of account balance.

Attached File(s)
File Type: ex4 positionsizecalculator.ex4   9 KB | 358 downloads
  • #1,057
  • May 20, 2014 4:45pm May 20, 2014 4:45pm
Quoting Fbird
{quote} Here it is FeeFee. Position is calculated as % of account balance. {file}
You can also use MQL4 scripts with built-in position sizing. I've attached the ones I use. These were posted by forexsaint at http://www.forexfactory.com/showthread.php?t=193727.

Attached File(s)
File Type: zip Buy n Sell w SL TP PrSL PrTP MM MultiLots.zip   3 KB | 407 downloads
The trader IS the holy grail.
  • #1,058
  • May 20, 2014 10:27pm May 20, 2014 10:27pm
Quoting Fbird
{quote} Here it is FeeFee. Position is calculated as % of account balance. {file}
Thank You for sharing that indicator , much appreciated

I am currently testing this indicator as it is not part of my usual strategy, however please tell me when you are using it on H4

- do you experience repainting?

- what is your strategy for entries and tp and sl?

- How many pairs do you analyse?
  • #1,059
  • May 21, 2014 4:22am May 21, 2014 4:22am
Quoting Feefee
{quote} Thank You for sharing that indicator , much appreciated I am currently testing this indicator as it is not part of my usual strategy, however please tell me when you are using it on H4 - do you experience repainting? - what is your strategy for entries and tp and sl? - How many pairs do you analyse?
You are welcome Feefee.

I'm just testing this way of trading the semaphor for less than 2 weeks, so nothing is written in stone here. I've been playing with the semaphor since the start of this thread with no sucess due to repainting issue. Yes, this indi is repainting and a lot. So, if you trade it mechanically, no way you will make money.

I then started following Taru' rules for entry and exit. Read his comments carrefully. They are very clear, well explained and I learnt a lot from them. I experienced too much losses though and decided to add a new filter to stay on the current trend of the daily time frame. I use Macd, but I guess you could use any other indi like stoch or MA. What I like in Taru's method is that it enables you to stay in the trend for long.

I follow all pairs save for exotics, but MM is key here. Just 1% risk per trade.

Hope it helps.

By the way, closed AU for more tan 2 R:R. Had another loss on GJ, so 4 losses now, but floating profit still growing....

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 162 KB
  • #1,060
  • May 21, 2014 4:54am May 21, 2014 4:54am
Quoting eitan1010
if you want ..here is my suggestion for help here..{image} Regards Eitan.
Eitan
which is the post that relates to this template please, or this a new template ?

thank you
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