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Pip Farming

  • #101
  • Jan 23, 2015 3:27am Jan 23, 2015 3:27am
Quoting swingtrade65
{quote} I see where the confusion occurred...please see the chart for my take on it {image}
Thanks for that it really helps

f***k demo trading gone live yesterday
  • #102
  • Jan 23, 2015 4:05am Jan 23, 2015 4:05am
Question.......if you are in a long run good trade (as per video) do you just take the first entry and keep moving stop down, or do you also add to the positions at all new "setup" as if you had not been in a trade...see chart
Attached Image (click to enlarge)
Click to Enlarge Name: setups.jpg Size: 123 KB
  • #103
  • Jan 23, 2015 4:15am Jan 23, 2015 4:15am
Please note that many times fractals will not show in the same place for different people.

This is because 2 things:

1 - broker local time (since we apply this in a 4h chart)
2 - broker feeds. (sometimes the close for each bar varies from broker to broker having an high impact where a fractal should show )


Sconcha.
  • #104
  • Jan 23, 2015 4:22am Jan 23, 2015 4:22am
Quoting sconcha
I coded DBHLC indicator some time ago and merged with the i-Fractals indi. It's 2 in 1 bulk. Feel free to use mine as you see fit. Let me know if you find any issues with it. Sconcha. {file}

Sconcha

Thanks for posting the indicator but I think it needs changing

A) from what I see your indicator is a traditional Fractal which requires consecutive lows /highs, whereas FXCM as used in the system only needs the "Fractal" candle to have lower or higher candles either side....difficult to explain so will add pic.

B) I cant see the DBHLC and DBLHC candles marked ?
Attached Image (click to enlarge)
Click to Enlarge Name: Fractal.jpg Size: 73 KB
  • #105
  • Jan 23, 2015 4:27am Jan 23, 2015 4:27am
Quoting Topgun
Question.......if you are in a long run good trade (as per video) do you just take the first entry and keep moving stop down, or do you also add to the positions at all new "setup" as if you had not been in a trade...see chart {image}
Topgun...Yes, but not quite as you are thinking. In order to smooth out my equity curve I will take off 1/3 - 1/2 of my position when it reaches the equivalent of my risk...ie....if my stop is 60 pips, when I have 60 pips profit, I will exit a portion of my trade.
If the trade continues in my direction and sets another fractal in the same direction, I will add back the portion I removed and move my stop to a level that protects my profit and still gives me the room to let the trade run.

This is more of a personal preference for me as I have some personal goals and milestones for my trading......but in the strictest sense of the base method, yes, you could add although I would only do 1/3 to 1/2 of the original position.

I hope this answers your question.
Plan, Prepare, Execute, Repeat
  • #106
  • Jan 23, 2015 4:42am Jan 23, 2015 4:42am
Hi ST

I coded a DBLHC-DBHLC since I couldn't find a good one, I hope you don't mind me sharing it here in case someone needs it.



I also did it flexible so each can change how "strict" or "loose" it should be taking into consideration the number of buffer points for calculation


Cheers
Attached File(s)
File Type: mq4 ENB_DBLHC-DBHLC.mq4   5 KB | 425 downloads
  • #107
  • Jan 23, 2015 4:45am Jan 23, 2015 4:45am
Quoting EternalNewB
Hi ST I coded a DBLHC-DBHLC since I couldn't find a good one, I hope you don't mind me sharing it here in case someone needs it. I also did it flexible so each can change how "strict" or "loose" it should be taking into consideration the number of buffer points for calculation Cheers {file}
Very Nice....I dont have any problem with people helping others here.
The whole point is for folks to take this method and twist it into their own so they can make a lot of green pipss
Plan, Prepare, Execute, Repeat
  • #108
  • Jan 23, 2015 4:53am Jan 23, 2015 4:53am
Quoting swingtrade65
{quote} Very Nice....I dont have any problem with people helping others here. The whole point is for folks to take this method and twist it into their own so they can make a lot of green pipss
Great !!

Can I suggest you change the first post and fix the settings for the fractal indicator ? since on MT4 it needs fr period 3 and not 7 ?

Thanks again
  • #109
  • Jan 23, 2015 5:48am Jan 23, 2015 5:48am
Dear swingtrade,

Before taking a trade will you goes through multiple time frame analysis or just follow H4 time frame?
  • #110
  • Jan 23, 2015 6:22am Jan 23, 2015 6:22am
Second trade today (first TP hit) on CADJPY

(no worries I won't bother you with each trade just need to make sure I'm doing it right for the first few)

thanks
Attached Image
  • #111
  • Jan 23, 2015 7:38am Jan 23, 2015 7:38am
Quoting EternalNewB
Hi ST I coded a DBLHC-DBHLC since I couldn't find a good one, I hope you don't mind me sharing it here in case someone needs it. I also did it flexible so each can change how "strict" or "loose" it should be taking into consideration the number of buffer points for calculation Cheers {file}
Thank you ENB for the indicator and congrats for going live :-))) I added on E/J on the next fractal went short on A/N
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot from 2015-01-23 14:32:37.png Size: 32 KB
  • #112
  • Jan 23, 2015 7:58am Jan 23, 2015 7:58am
I was just thinking about it ...swingtrade65 ,you add actually only if a NEW fractal is developing "on your way " do you ? Not like I did for breaching a fractal from the past .
  • #113
  • Jan 23, 2015 8:18am Jan 23, 2015 8:18am
Quoting zamboni
{quote} Thank you ENB for the indicator and congrats for going live :-))) I added on E/J on the next fractal went short on A/N {image}
Most welcome & congrats for the great trade
  • #114
  • Jan 23, 2015 8:35am Jan 23, 2015 8:35am
Quoting negi_29
Dear swingtrade, Before taking a trade will you goes through multiple time frame analysis or just follow H4 time frame?
Hi Negi...in short...No...I only trade the 4hr
Plan, Prepare, Execute, Repeat
  • #115
  • Jan 23, 2015 8:48am Jan 23, 2015 8:48am
Quoting zamboni
{quote} Thank you ENB for the indicator and congrats for going live :-))) I added on E/J on the next fractal went short on A/N {image}
Hey zamboni...NICE TRADE
Plan, Prepare, Execute, Repeat
  • #116
  • Jan 23, 2015 8:50am Jan 23, 2015 8:50am
Quoting EternalNewB
Second trade today (first TP hit) on CADJPY (no worries I won't bother you with each trade just need to make sure I'm doing it right for the first few) thanks {image}
Eternal..keep posting those trades....it helps everyone get on board and realize that you really can make money without squiggly lines and other nonsense.
Price really does tell you everything you need to know!

Nice trade on the AUD/NZD
Plan, Prepare, Execute, Repeat
  • #117
  • Jan 23, 2015 8:50am Jan 23, 2015 8:50am
just took another portion off on my E/J trade @ +351 pips
Plan, Prepare, Execute, Repeat
  • #118
  • Jan 23, 2015 9:13am Jan 23, 2015 9:13am
Eternal,

Please carry on posting your trades, i find them and swings a great help thank you, if you could also use an arrow too indicate exactly whre you entered that would be great.

Regards

scouse.
All My Opinions, Are Just That, My Opinion!!!
  • #119
  • Jan 23, 2015 9:20am Jan 23, 2015 9:20am
Quoting EternalNewB
Second trade today (first TP hit) on CADJPY (no worries I won't bother you with each trade just need to make sure I'm doing it right for the first few) thanks {image}
What settings do you have for the Indicators ? as mine look different.............
Attached Image
  • #120
  • Jan 23, 2015 9:22am Jan 23, 2015 9:22am
Quoting InvestorsEur
{quote} What settings do you have for the Indicators ? as mine look different............. {image}
Just use 3 as fr.period
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