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Come Surfing Fx With Me System

  • #1,741
  • May 18, 2015 8:17am May 18, 2015 8:17am
Quoting verified
{quote} Hi Gwindy, It's already in the EA, but how can I talk about it by even not having defined SL and TP rules . Thanks, V.
True...good call I'm just way to excited and jumped to the obvious haha. With 4000 lines of code I figured you had that BE/TS covered
  • #1,742
  • May 18, 2015 8:24am May 18, 2015 8:24am
Quoting sriloba
{quote} Voila {file} {file}
Thanks again Sai Ram...I really appreciate the updates to your excellent strategy. Your thread has taught me a lot about forex in such a short time. Many many thanks

Ps. I will stop filling this thread with useless quotes sorry. I would love to contribute more, but my knowledge and experience is not quite there yet. I will be a silent follower
  • #1,743
  • Edited 11:21am May 18, 2015 11:00am | Edited 11:21am
Go Short at the end of London session. Renko chart : M6 -- 6pips box size

I have tweaked a macd setting from (8,17,9) to (5,13,9).

It seems timing to others indicators pretty well because MACD is non painting indicator.

My entry is right on the middle channel. I can see price hesitates a little bit. That's why I always say the middle channel acts like central pivot point or support and resistance.

My TP is 25 pips spread included and my SL at the most recent high dot circle.


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: MyTemplate.png Size: 114 KB
Being a fxtrader is not easy. Ones must working hard.
  • #1,744
  • Edited 11:18am May 18, 2015 11:00am | Edited 11:18am
Quoting sriloba
{quote} Voila {file} {file}
Thank you for your new system and indicators sriloba. SS2009_B and WQI are good indicators as i see it. And of course thank you verified,. Good luck for your EA. So i used the fx journey system today, it is really working. +44 pips today. I will be follow renko system. Excuse for my english.
  • #1,745
  • May 18, 2015 11:27am May 18, 2015 11:27am
what happened to only trading at the extremes of the bands at the top or bottom of them? lol. not everyday is going to an up and down day
  • #1,746
  • May 18, 2015 11:39am May 18, 2015 11:39am
Quoting justin7
what happened to only trading at the extremes of the bands at the top or bottom of them? lol. not everyday is going to an up and down day
I use the whole channel every trading day.

But for the EA implementing is another story. That's why we will manipulate wisely EA or semi-automate .

People can decide when to take a trade according to the money management.

For instance, if the entry signal is located at the extreme channel then we can surf the fx until the goal is reached. Or, if the entry signal is happened very close around the middle channel then we have to master our emotion not to be so greedy.


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #1,747
  • May 18, 2015 12:10pm May 18, 2015 12:10pm
Quoting sriloba
{quote} I use the whole channel every trading day. But for the EA implementing is another story. That's why we will manipulate wisely EA or semi-automate . People can decide when to take a trade according to the money management. For instance, if the entry signal is located at the extreme channel then we can surf the fx until the goal is reached. Or, if the entry signal is happened very close around the middle channel then we have to master our emotion not to be so greedy. Sai Ram
At first the strategy was to only trade if price reached the very top or bottom or closer to the outter bands...
  • #1,748
  • Edited 1:17pm May 18, 2015 12:51pm | Edited 1:17pm
Quoting justin7
{quote} At first the strategy was to only trade if price reached the very top or bottom or closer to the outter bands...
If you do a scalping. First you have to know very well the key levels. That's why when price goes to the extreme band of the channel then it is a good place to scalp because price tends to reverse in those exhausted areas if I can use the word EXHAUSTION. Also the zone channel as a whole represents the reversal point. You can observe for your own eyes.

If you can see I use Renko 5-6 pips box size. This setting is a good for scalping more than that is day to day or swing trading.

That's why when the entry signal is happened around or very close to 1-2 pips to the channel then that entry signal is also high probability of gaining more pips.

For me, 95% of the time, I took a trade when price closes in the channel and I shoot a TP at 24-25 pips then go to bed because I live in ET time zone, gmt -5, peoples in North America are sleeping.

Now, I have loosen the rule a little bit so you can decide your trigger.


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #1,749
  • May 18, 2015 1:24pm May 18, 2015 1:24pm
Quoting sriloba
{quote} If you do a scalping. First you have to know very well the key levels. That's why when price goes to the extreme band of the channel then it is a good place to scalp because price tends to reverse in those exhausted areas if I can use the word EXHAUSTION. Also the zone channel as a whole represents the reversal point. You can observe for your own eyes. If you can see I use Renko 5-6 pips box size. This setting is a good for scalping more than that is day to day or swing trading. That's why when the entry signal is happened around or very...
You can't trade both scenarios if price is on the way outside or if it's inside of the channel pick one or the other Basically you're saying theres no rules..
  • #1,750
  • Edited 9:32pm May 18, 2015 1:42pm | Edited 9:32pm
Quoting justin7
{quote} You can't trade both scenarios if price is on the way outside or if it's inside of the channel pick one or the other Basically you're saying theres no rules..
Uptrend:

Let's say price is closed in the channel then 5e/8s MA cross up but this cross is not confirmed by all indicators. You can not enter a trade. Price might goes further.
But if the signal is confirmed then the rule is met even price might retrace further after the confirmation in that case I can not assure you.

The best entering a trade is doing what I have done all the time. I enter a first trade with one small lot because we might enter a trade not a good deal price might retrace further even we take a position in the zone of channel. The second trade after the first trade we might enter a trade with a good deal regardless the location where the entry signal is confirmed.


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #1,751
  • Edited 8:06pm May 18, 2015 7:44pm | Edited 8:06pm
Good morning Sai Ram,

I'm setting up my chart ATM, to have a good basis for doing the EA and to get a feeling for your system. By doing so, one thought crossed my mind. You never use pivot lines, SR lines, high and low lines ? In the picture attached you can see that on the current open candle the price retraced at a medium resistance line. A situation you are aware about that this could happen by knowing where those lines are. A surprise when you don't see them.

What are your thoughts about this ?

Best Regards, Verified.
Attached Image (click to enlarge)
Click to Enlarge Name: RS2.jpg Size: 280 KB
  • #1,752
  • May 18, 2015 8:11pm May 18, 2015 8:11pm
Quoting verified
Good morning Sai Ram, I'm setting up my chart ATM, to have a good basis for doing the EA and to get a feeling for your system. By doing so, one thought crossed my mind. You never use pivot lines, SR lines, high and low lines ? In the picture attached you can see that on the current open candle the price retraced at a medium resistance line. A situation you are aware about that this could happen by knowing where those lines are. A surprise when you don't see them. What are your thoughts about this ? Best Regards, Verified.
Yes, it looks more expert. The pivot point will help us to see more clearly the direction of price combined with the trend H4.

Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #1,753
  • May 18, 2015 8:43pm May 18, 2015 8:43pm
Quoting sriloba
Go Short at the end of London session. Renko chart : M6 -- 6pips box size I have tweaked a macd setting from (8,17,9) to (5,13,9). It seems timing to others indicators pretty well because MACD is non painting indicator. My entry is right on the middle channel. I can see price hesitates a little bit. That's why I always say the middle channel acts like central pivot point or support and resistance. My TP is 25 pips spread included and my SL at the most recent high dot circle. Sai Ram {image}
Very nice settings, thank you . This way we can enter the trade a little bit more early.

Best, V
  • #1,754
  • May 18, 2015 8:49pm May 18, 2015 8:49pm
Hi Verified and Sai Ram,

You guys have to be commended for the time and effort you are putting into this system.
Thank you very much
  • #1,755
  • May 18, 2015 8:57pm May 18, 2015 8:57pm
Quoting Rossb
Hi Verified and Sai Ram, You guys have to be commended for the time and effort you are putting into this system. Thank you very much

All the credits go to Verified, IT MAN.

Nice work, Verified. Your kindness is unforgettable.


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #1,756
  • May 18, 2015 9:14pm May 18, 2015 9:14pm
Hi,

Thank you all for the kind words. It's different, I catched the train late and all can I do is to automate and guarantee that this system can technically survive and will be maintainable, which is a basic requirement. Metaquotes changes ( updates ) Metatrader regulary and this way components we use ( EA's, indicators, scripts ) can and will "age", which can only be mitigated by updating them as well. The credits go to Sai Ram and his huge efforts to develop, share and evolve what he is doing and how he is doing.

Best, verified
  • #1,757
  • May 18, 2015 10:31pm May 18, 2015 10:31pm
Hi Sai Ram !

It's me, again

I just want to make sure we have everything what we need before coding starts. This is the template the EA will use and I will explain why and how. It's slightly different compared to your template which will be explained as well.

Main Window:

- Standard Renko Bricks, 60 Points ( 6.0 pips in size ). Any Brick size will be accepted by the EA. The EA will not use Heikin Ashi ATM.
- Only 1 TMA channel. This is different compared to the original strategy. Thus the EA will check only if the price is above / below the centerline, only 1 TMA ( period 56 ) is needed.
- Renko_Street Channel or equivalent. Needed for SL. TBD.
- Pivot indicator, not used by the EA. Maybe you will find it helpful for your trading. I'll attach it to this posting.

Sub Window1:

FX TrendBand MTF. Settings H4, 5e, 10e.

Sub Window2:

FX TrendBand MTF. Settings Current, 5e, 8s.

Sub Window3:

MACD. Settings 5,13,9 ( Please don't worry about the different MACD I use. It shows the same histogram ).

Sub Window4:

SS2009_B v1.01. Default settings.

Sub Window5:

VQI v1.11. Default settings.

Please confirm that no components are missing.

Thank you in advance and Best Regards, Verified.
Attached Image (click to enlarge)
Click to Enlarge Name: Template.jpg Size: 263 KB
Attached File(s)
File Type: ex4 TzPivotsD_v3.5 (Black).ex4   99 KB | 236 downloads
  • #1,758
  • May 18, 2015 10:47pm May 18, 2015 10:47pm
Quoting verified
Hi Sai Ram ! It's me, again I just want to make sure we have everything what we need before coding starts. This is the template the EA will use and I will explain why and how. It's slightly different compared to your template which will be explained as well. Main Window: - Standard Renko Bricks, 60 Points ( 6.0 pips in size ). Any Brick size will be accepted by the EA. The EA will not use Heikin Ashi ATM. - Only 1 TMA channel. This is different compared to the original strategy. Thus the EA will check only if the price is above / below the centerline,...
You got all ingredients.
Good to go.

May God bless your endeavors


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #1,759
  • May 18, 2015 10:55pm May 18, 2015 10:55pm
Thanks, Sai Ram. I will get less vocal now and work on the code. Please don't hesitate to further evolve your system and keep me informed.

GL and all the Best, V.
  • #1,760
  • May 18, 2015 10:57pm May 18, 2015 10:57pm
Quoting verified
Thanks, Sai Ram. I will get less vocal now and work on the code. Please don't hesitate to further evolve your system and keep me informed. GL and all the Best, V.
You bet.

Good luck !

Sai Ram
Being a fxtrader is not easy. Ones must working hard.
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