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Eitan's Project

  • #5,421
  • Jul 21, 2014 9:46am Jul 21, 2014 9:46am
Quoting santos23
I see possible short trade coming up on GBP/JPY soon {image}
Remember that the Ultratrend exited the 23 zone, so it has to retrace at least around the 45 level and then go down 23 level again, for the short trade to obey perfectly the rules (apart all the other rules, of course)

Anyway, the first point of entry was a handful of candles BEFORE (Friday), so a further enter before a decent retracment is also more risky.

Is it correct Eitan/Vigo?
  • #5,422
  • Jul 21, 2014 12:02pm Jul 21, 2014 12:02pm
Quoting santos23
I see possible short trade coming up on GBP/JPY soon {image}
Even though I trade differently I will share my take.
G/J is not good candidate to short.
On Daily it is on support level and H4 RSI W% pointing up from oversold levels and price close to exhaustion levels on Bollinger Bands

Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY.Daily.png Size: 50 KB
Click to Enlarge Name: GBPJPY.H4.png Size: 62 KB
In trading, you have to be defensive and aggressive at the same time
  • #5,423
  • Jul 21, 2014 12:11pm Jul 21, 2014 12:11pm
Quoting Davit
{quote} Even though I trade differently I will share my take. G/J is not good candidate to short. On Daily it is on support level and H4 RSI W% pointing up from oversold levels and price close to exhaustion levels on Bollinger Bands Regards {image} {image}

hay bro,S/R area's not stay forever...they supose to be break and make new area's /levels..anyway i just look for 50/100pips not more. ..
when GOD brings you a challenge he also gives you the power to deal with it
  • #5,424
  • Jul 21, 2014 12:18pm Jul 21, 2014 12:18pm
Quoting eitan1010
{quote} hay bro,S/R area's not stay forever...they supose to be break and make new area's /levels..anyway i just look for 50/100pips not more. ..
Its all good Eitan.Agree S/R can break and make new levels but that new level could be continuation of Bull up.If you look at H4 H1 30 all going up
Well I apologize if my comments disrupt trading here.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #5,425
  • Jul 21, 2014 12:41pm Jul 21, 2014 12:41pm
There are so many good mates in here. i am so happy for you guys. Hail is your portion.

1.can any one tell me the relationship between the ultra stochastic, stochastic and trend in MS strategy. must they synchronize before it becomes valid signal.
2. i would like to know how to interpret the ms+MTS template. i am totally clueless about it because they have different trend configurations and it is only one trend indicator cutting across the two.
  • #5,426
  • Jul 21, 2014 12:50pm Jul 21, 2014 12:50pm
Quoting Davit
{quote} Its all good Eitan.Agree S/R can break and make new levels but that new level could be continuation of Bull up.If you look at H4 H1 30 all going up Well I apologize if my comments disrupt trading here. Regards
you are more then welcome brother keep visit an post here!!its great to look for others view!.
when GOD brings you a challenge he also gives you the power to deal with it
  • #5,427
  • Jul 21, 2014 1:09pm Jul 21, 2014 1:09pm
Quoting eitan1010
{quote} you are more then welcome brother keep visit an post here!!its great to look for others view!.
Eitan did you use your phd in mathematics to create this system?
YOUR MOTHERS ASS
  • #5,428
  • Jul 21, 2014 1:10pm Jul 21, 2014 1:10pm
Quoting borgu
There are so many good mates in here. i am so happy for you guys. Hail is your portion. 1.can any one tell me the relationship between the ultra stochastic, stochastic and trend in MS strategy. must they synchronize before it becomes valid signal. 2. i would like to know how to interpret the ms+MTS template. i am totally clueless about it because they have different trend configurations and it is only one trend indicator cutting across the two.
just use them seperately. you can find them some pages back.
if you are confident you can start using both.

justmy2cent

Bob
  • #5,429
  • Jul 21, 2014 1:23pm Jul 21, 2014 1:23pm
Quoting santos23
{quote} Eitan did you use your phd in mathematics to create this system?
just some creativity...little bit math..and some imagination.
when GOD brings you a challenge he also gives you the power to deal with it
  • #5,430
  • Jul 21, 2014 1:25pm Jul 21, 2014 1:25pm
Quoting eitan1010
{quote} just some creativity...little bit math..and some imagination.
I think you can retire already
YOUR MOTHERS ASS
  • #5,431
  • Jul 21, 2014 1:33pm Jul 21, 2014 1:33pm
Quoting santos23
{quote} I think you can retire already
well..you all here will know the day that i will retire lol
when GOD brings you a challenge he also gives you the power to deal with it
  • #5,432
  • Jul 21, 2014 3:11pm Jul 21, 2014 3:11pm
Quoting eitan1010
{quote} well..you all here will know the day that i will retire lol
We all will retire happy here with Eitan methods!

Did you get my PM, master?
  • #5,433
  • Jul 21, 2014 3:29pm Jul 21, 2014 3:29pm
well i just backtested Gbp/Jpy from first january 2014 till date. i tried 1:1 RR and 30:30 tp sl. with MS i got 26 signals in all. among the 26 eight hit stoploss and 19 hit take profit. using MTS i could see only 5 signals and all of them hit TP. please let others tack test other pairs and publish results. Vigo you have been silent summarize this for us and give us concise education
  • #5,434
  • Jul 21, 2014 3:55pm Jul 21, 2014 3:55pm
Quoting eitan1010
{quote} hay bro,S/R area's not stay forever...they supose to be break and make new area's /levels..anyway i just look for 50/100pips not more. ..
Eitan thanks for ur system pls im a newbie direct me were to download the latest indicator n how to install them
thanks for ur understanding
  • #5,435
  • Jul 21, 2014 4:04pm Jul 21, 2014 4:04pm
Quoting s3k
{quote} Eitan thanks for ur system pls im a newbie direct me were to download the latest indicator n how to install them thanks for ur understanding
page 1 *sigh*

copy
.ex4 /.mq4 files in /YourBrokerDir/MQL4/indicators

.tpl in /YourBrokerDir/Templates

hope that helps
TWEE, revoke my membership.
  • #5,436
  • Jul 21, 2014 4:11pm Jul 21, 2014 4:11pm
Quoting Bartleby
{quote} page 1 *sigh* copy .ex4 /.mq4 files in /YourBrokerDir/MQL4/indicators .tpl in /YourBrokerDir/Templates hope that helps
thank for ur effort to help me but i need u to explain it to me in details thanks
  • #5,437
  • Jul 21, 2014 4:52pm Jul 21, 2014 4:52pm
s3k... I really dont have a clue how i could be more detailed.

But if you need basic informations, you may better check out this famous website: www.google.de , or you look for video instructions on youtube.com. or you head over to the Rookie Talk section of this forum... or you could use the search function of forexfactory ( youŽll find it at the bottom of the page)

i think this thread is not the right place to going into long explanations about basic stuff, sorry. But thats only my opinion. Maybe someone is willing to..

hope that helps
TWEE, revoke my membership.
  • #5,438
  • Jul 21, 2014 5:11pm Jul 21, 2014 5:11pm
Quoting s3k
{quote} Eitan thanks for ur system pls im a newbie direct me were to download the latest indicator n how to install them thanks for ur understanding
I you have already the indicators, what you need to do is to open the MT4 > go to files > open data folder.
On the new window that popped up, put the file with the extencion .tpl to the folder called "template",
Open MQL4 folder and then drag the files with the extensions .ex4 and .mql4 to the "indicator" folder.
restart the MT4 and now right click on the chart, on the drop down menu go to templates and then click the name of the template and you're good to go.
I hope this could help you.
If you do not have the indicators you have to navigate through the blog until you find the files because I do not remember where the download was.

Good luck
  • #5,439
  • Jul 21, 2014 6:48pm Jul 21, 2014 6:48pm
Sorry for my questions guys, am I supposed to check the charts every 4 hours during the trading week and roughly how many trades a month do we expect to get? Thank you
YOUR MOTHERS ASS
  • #5,440
  • Edited 11:32pm Jul 21, 2014 10:55pm | Edited 11:32pm
Quoting santos23
Sorry for my questions guys, am I supposed to check the charts every 4 hours during the trading week and roughly how many trades a month do we expect to get? Thank you
Hi santos23,
Yes you are supposed to check every 4 hours.As we are trading 15 pairs and using 2 trading strategies, we will get a decent number of opportunities with a good strike rate. you can backtest simply by browsing your charts and find out how many trades you can expect during a month in an average. GL
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