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  • #2,221
  • May 29, 2015 6:40pm May 29, 2015 6:40pm
Quoting justin7
{quote} If you werent referring to me then I apologize. I'm use to it with a few of the other posters here.
No offence freind, together lets make the thread a worthwhile one.
  • #2,222
  • May 29, 2015 6:42pm May 29, 2015 6:42pm
Quoting sriloba
{quote} You know being IT MAN is amazing. You can do anything you want. Sai Ram
You know being TRADER is amazing too. You can make consistent profits when you work.

Stay tuned and have a nice Weekend !

Best, Verified
  • #2,223
  • May 29, 2015 6:43pm May 29, 2015 6:43pm
Quoting Esosa
{quote} No offence freind, together lets make the thread a worthwhile one.
Oh yea !!!


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #2,224
  • May 29, 2015 6:43pm May 29, 2015 6:43pm
Quoting sriloba
Next monday at midnight ET I will try to alert the signal from those pairs attached below. Because 2 pairs to alert make no sense. Stay tuned !! Sai Ram {image}
Thank you for your generosity.
  • #2,225
  • May 29, 2015 6:44pm May 29, 2015 6:44pm
Quoting verified
{quote} You know being TRADER is amazing too. You can make consistent profits when you work. Stay tuned and have a nice Weekend ! Best, Verified
Wow !! What a reply!


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #2,226
  • May 29, 2015 6:45pm May 29, 2015 6:45pm
Quoting verified
{quote} You know being TRADER is amazing too. You can make consistent profits when you work. Stay tuned and have a nice Weekend ! Best, Verified
Your selfless expertise have brought this thread much gain, thank you much.
  • #2,227
  • May 29, 2015 7:21pm May 29, 2015 7:21pm
Quoting Esosa
{quote} No offence freind, together lets make the thread a worthwhile one.
  • #2,228
  • May 29, 2015 7:46pm May 29, 2015 7:46pm
I know, it sounds silly but computers are like that : Can we say that we only trade long after a closed green candle and we only trade short after a closed red candle ??? I think so but please confirm or reject, if you read this, Sai Ram.

This will be the criteria for any type of candle then. Time, Renko, Range, HA, whatever.

Best, V.
  • #2,229
  • May 29, 2015 7:58pm May 29, 2015 7:58pm
Quoting verified
I know, it sounds silly but computers are like that : Can we say that we only trade long after a closed green candle and we only trade short after a closed red candle ??? I think so but please confirm or reject, if you read this, Sai Ram. This will be the criteria for any type of candle then. Time, Renko, Range, HA, whatever. Best, V.
Exemple : down trend

The chart below is the best entry signal. Because price is trading beyond the channel. It is a perfect area of reversal.


But sometimes price closes on the second line of the channel then the red candle formed then price might continue up further.

If you can confirm with MACD then there is no problem.


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: MyTemplate.png Size: 99 KB
Being a fxtrader is not easy. Ones must working hard.
  • #2,230
  • May 29, 2015 8:04pm May 29, 2015 8:04pm
Quoting sriloba
{quote} Exemple : down trend The chart below is the best entry signal. Because price is trading beyond the channel. It is a perfect area to reversal. But sometimes price closes on the second line of the channel then the red candle formed then price might continue up further. If you can confirm with MACD then there is no problem. Sai Ram {image}
I need a starting point for the checks. I need to code checking for trading long or trading short. Thus I guess nobody will trade long when the last ( the closed ) candle is red and nobody will trade short when the last candle is green I thought I can start with this expectation. But I am looking for confirmation because this is a very basic rule. Other checks will follow this rule.
  • #2,231
  • May 29, 2015 8:09pm May 29, 2015 8:09pm
Quoting verified
{quote} It's a fractal, so it's finished and will not relocate any more when 2 candles are closed after the circle, that's why i asked. However, i did not see relocations on my screen in the timeframe you monitor. Please post the lastest template you use for monitoring for me. I only need the template. after my morning coffee(s) I want to start automating the monitoring so that we have something on Monday already. No fancy GUI EA but a little indicator which checks the basic conditions for us. The code can be reused in the EA later. Let the computer...
oh goody...bring it on V man
  • #2,232
  • May 29, 2015 8:16pm May 29, 2015 8:16pm
Quoting verified
{quote} I need a starting point for the checks. I need to code checking for trading long or trading short. Thus I guess nobody will trade long when the last ( the closed ) candle is red and nobody will trade short when the last candle is green I thought I can start with this expectation. But I am looking for confirmation because this is a very basic rule. Other checks will follow this rule.
Yes, you can go with when price closes in the channel and red or blue candle formed then action long or short performs.

We can use it semi-automatic. No problem.


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #2,233
  • May 29, 2015 8:17pm May 29, 2015 8:17pm
I try to say it different:

First and ultimate rule for all other rules:

You only can trade up when the last closed candle is green.
You only can trade down when the last closed candle is red.

red/green = up/down candle

True ???

I never did see something different on your charts. Sure, during the trade the candles can change their colors. This is an entry rule only.
  • #2,234
  • May 29, 2015 8:28pm May 29, 2015 8:28pm
Quoting verified
I try to say it different: First and ultimate rule for all other rules: You only can trade up when the last closed candle is green. You only can trade down when the last closed candle is red. red/green = up/down candle True ??? I never did see something different on your charts. Sure, during the trade the candles can change their colors. This is an entry rule only.
Ok, IT MAN.

Now I understand what you want to say.


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #2,235
  • May 29, 2015 8:32pm May 29, 2015 8:32pm
Quoting sriloba
{quote} After price closed in the channel with blue or red candle. Yes yes ! -- or -- Do what you think and we will see on live . Sai Ram
haha, technical specs, hard to express for the techies . this is their thinking when they code. in bigger companies software developers are never allowed to explain their products to customers because the customers simply run away when they attend to such a demo.

Thanks !
  • #2,236
  • May 29, 2015 8:35pm May 29, 2015 8:35pm
Quoting verified
{quote} haha, technical specs, hard to express for the techies . this is their thinking when they code. in bigger companies software developers are never allowed to explain their products to customers because the customers simply run away when they attend to such a demo. Thanks !
Really !!

OMG!!

Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #2,237
  • Edited 11:23pm May 29, 2015 11:09pm | Edited 11:23pm
Hi,

In order to use the upcoming FX TradeMon indicator ( the new signal monitor ), we must update renko_street channel to the indicator attached. The results have always been the same and I have done the homework and they look the same now also. The indicator itself has nothing to do with Renko Charts beside the fact that someone named it like it is.

4 reasons:

1) we have the source for it and can maintain it
2) the indicator buffers contain the real values now. values are not changed for the benefits of a "nice looking Picture"
3) this indicator is much faster than renko_street channel
4) i will call this indicator from the monitor

TMA checks are working already. Now I continue with SSChannel checks. Stay tuned.

Best, verified.
Attached File(s)
File Type: mq4 SSChannel3 v1.02.mq4   6 KB | 227 downloads
  • #2,238
  • May 30, 2015 12:59am May 30, 2015 12:59am
It looks like this ATM

Without checking the TrendBand ( cannot check H4 trend on M5 in strategy tester ). Not sure whether I got everything right with the price location though. Still have some time ... 36 hours are not over .

Best, V.
Attached Image (click to enlarge)
Click to Enlarge Name: Monitor.jpg Size: 260 KB
  • #2,239
  • Edited 3:23am May 30, 2015 2:05am | Edited 3:23am
Nah - it should be good. The monitor is very selective, it rather misses trades than taking losing ones, as long it trades with the trend only.

Here are the rules:

1. The 1st candle coming down ( for short ) after a factal must still close outside of TMA band 3.5
2. Then it triggers the signal when aligned to the trend

not good

I leave as it is. We always can refine the rules when we see if and how we can improve the monitor. I can finish the indi in time and we start to use it on monday. Mission: Great trades and improving the Monitor

Best, V
  • #2,240
  • May 30, 2015 3:13am May 30, 2015 3:13am
Quoting verified
It looks like this ATM Without checking the TrendBand ( cannot check H4 trend on M5 in strategy tester ). Not sure whether I got everything right with the price location though. Still have some time ... 36 hours are not over . Best, V. {image}
beautiful work
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