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As simple as possible: 00 level trading

  • #26,901
  • Feb 26, 2015 9:55am Feb 26, 2015 9:55am
For all who think this cms is useable.
Started using it today and so far it brought me 4 profitable trades (3 Tp 1 Ts).
It seems to update every tick and the weakest currency is at number 8 and the strongest at number 1

Attached File(s)
File Type: ex4 #CMS 2015 Forex Power.ex4   15 KB | 628 downloads
  • #26,902
  • Feb 26, 2015 10:12am Feb 26, 2015 10:12am
Quoting hollandpippin
For all who think this cms is useable. Started using it today and so far it brought me 4 profitable trades (3 Tp 1 Ts). It seems to update every tick and the weakest currency is at number 8 and the strongest at number 1 {file}
good point, was looking at the same- With this we should have the first line of nasap's tool.
Now the question is: what are 2nd and 3rd lines ?
Attached Image (click to enlarge)
Click to Enlarge Name: nasap.png Size: 64 KB
Porta itineris dicitur longissima esse
  • #26,903
  • Feb 26, 2015 10:31am Feb 26, 2015 10:31am
To me Jibala and Natasha are truly inspirational. They have not only tamed the demons of the markets but have also been gracious to show how it can be done! The hard work that they have put in is evident right from the start of this thread. My humble thanks to you both for sticking around and helping people like us.

With that said, I am curious to know if your automated signals use buy stops or buy limits? The reason I ask is because in an earlier post by Jibala she had mentioned that a pending buy stop is placed 10 pips above or below where the signal is generated and more recently Natasha your post made me rethink that the trade was taken "at the place where the signal was generated" (post 26845). Could you please clarify?

Probably, both of you may be right as your dashboard has gone through monumental improvements. Now you are truly having fun with the markets. Truly, God helps those who help themselves!!!
  • #26,904
  • Feb 26, 2015 10:42am Feb 26, 2015 10:42am
Quoting nasap
{quote} I think there is a big confusion already about these strength meters. Thus to clarify I use no other tools than my own! To the both csm linked here: I can't suggest even one of them. Both are lagging. The website updates every one minute only. The other is a product of Henry Liu, a scammer! His csm uses his own data feed, you will be connected to his servers and not to your MT4/5! You may think about that what ever you want! nasap

It is clear that you ladies use your own product that is fantastic and I wish you continued success with that. However for the rest of us, we need to find a currency strength meter that is good, maybe not fantastic like the one you have, but good. Thanks for letting us know that the one from Henry Liu is no good, there does seem to be quite a few others available. It would be great if we could as a group agree on which one is the top. I don't have the time to test them all, and I don't have the knowledge to figure out which is most accurate. It seems to me that there is two factors. One is how easy to understand the readings and second is who accurate the readings. Jibala and Natasha are probably the most qualified to judge but alas I am guessing they do not want to bother testing other (inferior) products. However we have smart people here. I guess the third factor is cost. I am not a fan of paying monthly, I would spend money but I prefer freeware, vs paying $$$

PGPB
  • #26,905
  • Feb 26, 2015 10:54am Feb 26, 2015 10:54am
Quoting pgpb
{quote} It is clear that you ladies use your own product that is fantastic and I wish you continued success with that. However for the rest of us, we need to find a currency strength meter that is good, maybe not fantastic like the one you have, but good. Thanks for letting us know that the one from Henry Liu is no good, there does seem to be quite a few others available. It would be great if we could as a group agree on which one is the top. I don't have the time to test them all, and I don't have the knowledge to figure out which is most accurate....
Hi pgpb, the one posted by hollandpippin seems promising. At least it calculates strengths on every tick and they are real ticks coming from the market-
But it's worthless if not paired with the 2nd and 3rd lines of Nathalia WSD. Only having also those other two infos (yet don't know what they refer to...) you can place profitable orders. In short we have one leg, it remains to find the other two.
Porta itineris dicitur longissima esse
  • #26,906
  • Feb 26, 2015 3:07pm Feb 26, 2015 3:07pm
Hello all,

First of all let me thank Udine for this awesome method and I wish you the best.

Nasap, you have perfected this method thanks to hard work and dedication. Thanks for posting your charts and I am learning a lot from your trades dont listen to some of the jealous people around here who are not willing to invest their time and effort to understand and develop. Please keep posting and sharing your knowledge with us.
The information posted by jibala and you is a good start for people that want to achieve the same succes like yours.

My question for you is: Do you still use the Venom indicator with your WSD for your automated trading? And if you do, what role does it fulfill?
  • #26,907
  • Feb 26, 2015 3:36pm Feb 26, 2015 3:36pm
@ All, the rows are diferent timeframes.
Persistence will get it. Consistency will keep it.
  • #26,908
  • Feb 26, 2015 7:21pm Feb 26, 2015 7:21pm
Quoting FXpiphunter
My question for you is: Do you still use the Venom indicator with your WSD for your automated trading? And if you do, what role does it fulfill?
It is answered here already!

Quoting nasap
{quote}I / we usually don't use any charts! The system is fully automated, NO CHARTS, NO INTERVENTION required! nasap
We use charts for taking a screenshot only! All my ideas are implemented in WSD 4.0 and at the moment I have no new ideas.

nasap
The little nut in your head is called brain. Use it!
  • #26,909
  • Feb 26, 2015 7:32pm Feb 26, 2015 7:32pm
Quoting Chake
@ All, the rows are diferent timeframes.
Sorry, not my words. Please be more careful to what and whom you refer to. It might become confusing again!

Quoting nasap
{quote} Don't know if I fully understood but will try to answer: 1. The WSD is independent from any time frame, thus forget to talk about tf's 2. If there is a buy / sell signal on any 00/50 level an order is placed exactly on that level 3. You have to distinguish between market-, relative- and absolute strength nasap
nasap
The little nut in your head is called brain. Use it!
  • #26,910
  • Feb 26, 2015 8:15pm Feb 26, 2015 8:15pm
Quoting joe12345
With that said, I am curious to know if your automated signals use buy stops or buy limits? The reason I ask is because in an earlier post by Jibala she had mentioned that a pending buy stop is placed 10 pips above or below where the signal is generated and more recently Natasha your post made me rethink that the trade was taken "at the place where the signal was generated" (post 26845). Could you please clarify?
Accordingly to the system rules it places stop orders only. No limit orders! If a trend / candle is already strong enough in the very beginning and a signal is sent out, a pending order will be placed on the next possible 00/50 level.

Both breakout signals good and strong enough for a straight TP!
Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2015.02.27_09h37m22s_080_.png Size: 31 KB

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You may ask how it's possible to get a signal on AUDCAD? The candle seems not to be that long and strong unlike the one of GBPAUD! This is exactly what you see if you look on charts only! But if you calculate each single tick of a currency you can measure it's real strength and compare it to the opposite currency. Independent from any time frame! At any time! Therefore I do not and I cannot suggest any of this lagging indicators. You will be late always!


nasap
The little nut in your head is called brain. Use it!
  • #26,911
  • Feb 26, 2015 8:42pm Feb 26, 2015 8:42pm
Quoting bubincka
{quote} Hi pgpb, the one posted by hollandpippin seems promising. At least it calculates strengths on every tick and they are real ticks coming from the market- But it's worthless if not paired with the 2nd and 3rd lines of Nathalia WSD. Only having also those other two infos (yet don't know what they refer to...) you can place profitable orders. In short we have one leg, it remains to find the other two.
It seems I made you guys start thinking about what's behind! Starting with that excel sheet is for sure not a bad idea. My question: Is it possible to calculate the real strength of (at least) 28 pairs by calculating 11 only?

More about strength and how one can create a strength meter you'll find here:

http://www.tradestation.com/educatio...strength-score

Don't ask me about that site. I can't give you any information because I didn't use it! I have developed my own algorithm!

nasap
The little nut in your head is called brain. Use it!
  • #26,912
  • Edited 2:06am Feb 27, 2015 1:15am | Edited 2:06am
[Demo]

#1 EJ to TP +6

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 44 KB


#2 EA to SL -10.7

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 51 KB


Comment: i tryed to be risky there but got a wrong shadow, it should be a long upper shadow of the previous candle
Numberman
  • #26,913
  • Feb 27, 2015 1:56am Feb 27, 2015 1:56am
Quoting nasap
{quote} Sorry, not my words. Please be more careful to what and whom you refer to. It might become confusing again! {quote} nasap
Hello nasap, i was not referring, it was my own thinking. But now i think you have given the right answer allready. thanks!
Persistence will get it. Consistency will keep it.
  • #26,914
  • Edited 2:58am Feb 27, 2015 2:33am | Edited 2:58am
Quoting nasap
{quote} It is answered here already! {quote} We use charts for taking a screenshot only! All my ideas are implemented in WSD 4.0 and at the moment I have no new ideas. nasap
Thanks, I just wanted to make sure because in one of your videos I saw it active together with the WSD.

I want to share my observations with the rest of you. If you look back at all the pictures nasap posted, you will see that the second rows numbers never exceed +10 or -10. The third row has values which exceed +10 and -10. Compared to the first row, these rows can be postitive and negative. Both Jibala and Pasan mentioned that it is important to look at momentum, strength (market, relative- and absolute strength), volatility, price action and trend. These are just observations based on the limited data we have seen so far but it something to think about.. Maybe someone else can make more of it than me at the moment.
  • #26,915
  • Feb 27, 2015 3:18am Feb 27, 2015 3:18am
Quoting Chake
@ All, the rows are diferent timeframes.
Not sure. In fact 2nd & 3rd rows have also negative values. Besides, row3 have values that exceeds range 1 - 9 that are typical strength scale.
So again: who knows what row2 and row3 of nasap's dashboard refer to ?
Porta itineris dicitur longissima esse
  • #26,916
  • Feb 27, 2015 3:40am Feb 27, 2015 3:40am
It seems there is a struggle when to enter and whether enter into a trade.
My approach is as shown on attached pic. Works well , with DMI 21 or 14, but how long to stay in a trade is upon an individual trader.
RR can be substantial occasionally, as yesterday, more than 10x = 20% potential, on just one trade.
No need to chase 10+ pairs, computers do... For us humans some more reasonable number is better.
Udine is checking 4 and is more than fine, I do as well with 4 pairs, albeit not the same.

Good luck ! :nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD+M15.png Size: 111 KB
  • #26,917
  • Feb 27, 2015 3:48am Feb 27, 2015 3:48am
GBP was super sync short for a while. Not all got a signal but 4/7 at least.
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Current status: 15 trades = +122.2 Pip (avg. 8.15 Pip)

nasap
The little nut in your head is called brain. Use it!
  • #26,918
  • Feb 27, 2015 3:50am Feb 27, 2015 3:50am
Quoting snail69
It seems there is a struggle when to enter and whether enter into a trade. My approach is as shown on attached pic. Works well , with DMI 21 or 14, but how long to stay in a trade is upon an individual trader. RR can be substantial occasionally, as yesterday, more than 10x = 20% potential, on just one trade. No need to chase 10+ pairs, computers do... For us humans some more reasonable number is better. Udine is checking 4 and is more than fine, I do as well with 4 pairs, albeit not the same. Good luck ! :nerd: {image}
Hi Snail, welcome back! What do you use for DMI ? Builtin ADX else can you link the indi you use (if different) ?

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #26,919
  • Feb 27, 2015 4:04am Feb 27, 2015 4:04am
Quoting bubincka
{quote} Hi Snail, welcome back! What do you use for DMI ? Builtin ADX else can you link the indi you use (if different) ? Best regards, Bubincka
Here you go... :nerd:
Attached File(s)
File Type: ex4 DMI.ex4   8 KB | 347 downloads
File Type: mq4 DMI.mq4   7 KB | 416 downloads
  • #26,920
  • Feb 27, 2015 4:09am Feb 27, 2015 4:09am
Quoting snail69
It seems there is a struggle when to enter and whether enter into a trade. My approach is as shown on attached pic. Works well , with DMI 21 or 14, but how long to stay in a trade is upon an individual trader. RR can be substantial occasionally, as yesterday, more than 10x = 20% potential, on just one trade. No need to chase 10+ pairs, computers do... For us humans some more reasonable number is better. Udine is checking 4 and is more than fine, I do as well with 4 pairs, albeit not the same. Good luck ! :nerd: {image}
Good to see you back Snail.

Asmodai
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