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Daily green/red candle

  • #941
  • Jun 2, 2015 1:56am Jun 2, 2015 1:56am
Quoting stevepatt
{quote} Hi Xavier; It's an Indicator I use to see the 00 round number, on my chart, it gives me a quick visual of how far the Market is moving. I have it set to display the 00 numbers only. {file}
Thanks Steve, I appreciate your help.
Do you have the .mq4 version of this file?
Xavier
  • #942
  • Jun 2, 2015 2:03am Jun 2, 2015 2:03am
Quoting XavierParisF
{quote} Thanks Steve, I appreciate your help. Do you have the .mq4 version of this file? Xavier

Hi Xavier;

No, I don't have the .mq4 file
  • #943
  • Jun 2, 2015 2:17am Jun 2, 2015 2:17am
Quoting stevepatt
{quote} Hi Xavier; No, I don't have the .mq4 file
Stange!
In my MT4 Indicators directory, each indicator has 2 files:
- a MQL4 source code file "xxx.mq4"
- an execution file "xxx.ex4"
Both are needed to run the indicator (unless I am mistaken).
Is n't it the same for you?
  • #944
  • Edited 2:36am Jun 2, 2015 2:25am | Edited 2:36am
Quoting XavierParisF
{quote} Stange! In my MT4 Indicators directory, each indicator has 2 files: - a MQL4 source code file "xxx.mq4" - an execution file "xxx.ex4" Both are needed to run the indicator (unless I am mistaken). Is n't it the same for you?
Xavier:
you don't need mq4 to run the indi.
there is another version of this indi (with mq4) here:
http://www.forexfactory.com/showthre...91#post4536091
  • #945
  • Jun 2, 2015 2:30am Jun 2, 2015 2:30am
Hi Steve,

Can currency strength be considered to at least verify if buy/sell signals can be placed...Like if currently strength meter is like below then atleast USDNZD can be sold etc...

Attached Image
  • #946
  • Jun 2, 2015 3:07am Jun 2, 2015 3:07am
Quoting pax
{quote} Xavier: you don't need mq4 to run the indi. there is another version of this indi (with mq4) here: http://www.forexfactory.com/showthre...91#post4536091
Thanks Steve, I managed to run both your version and the other one.
Cheers
Xavier
  • #947
  • Jun 2, 2015 3:18am Jun 2, 2015 3:18am
Quoting XavierParisF
{quote} Stange! In my MT4 Indicators directory, each indicator has 2 files: - a MQL4 source code file "xxx.mq4" - an execution file "xxx.ex4" Both are needed to run the indicator (unless I am mistaken). Is n't it the same for you?
Works fine for me

DD
  • #948
  • Jun 2, 2015 5:32am Jun 2, 2015 5:32am
Quoting AbhijetPandi
Hi Steve, Can currency strength be considered to at least verify if buy/sell signals can be placed...Like if currently strength meter is like below then atleast USDNZD can be sold etc... {image}
I use a CSM for my trades with this system and my 60 min. system. The intersting thing I have noticed today, is that if I have a pending order that does not get filled on this daily system, I am very likely to get a trade in the other direction on the 1 hour. I have a feeling the two will combine very well. Time will tell.
  • #949
  • Jun 2, 2015 5:37am Jun 2, 2015 5:37am
Quoting panamamike
{quote} I use a CSM for my trades with this system and my 60 min. system. The intersting thing I have noticed today, is that if I have a pending order that does not get filled on this daily system, I am very likely to get a trade in the other direction on the 1 hour. I have a feeling the two will combine very well. Time will tell.
hi panama
post your chart please with details
thanks
  • #950
  • Jun 2, 2015 5:49am Jun 2, 2015 5:49am
USDSGD long is a good example of what I am trying to do. Sorry I can not annotate the charts right now as I have other trades open on my 1 hour.

Anyway....

1)yesterday was a nice extension of the trend after a two day pullback. It also closed over the previous daily swing high
2) Gadi OBV pointing up
3)blue = bullish volume on Gadi_Normalized Volume
4) TVI2 v2 shows me that it is a Bullish trend (blue and above 0)

AS SGD is not a major currency, my CSM does not plot it. If it did plot it I would be looking for: Ideally the White differential line would be pointing up and the individual currencies would be diverging away form 0)

Sooooo.......I am long and looking to TP near half way between the 2 and 3 pivot extension.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-02 05_41_34-USDSGD,Dailyredgreen.png Size: 79 KB
  • #951
  • Edited 9:15am Jun 2, 2015 8:22am | Edited 9:15am
Everybody has a good trading today?
I got 68 pips from NZD/USD from Mon..
Today the EUR and GBP is jumping so high, especially EUR/USD.. near 273 pips... never seen like this before...

NZD/USD
Attached Image (click to enlarge)
Click to Enlarge Name: NZD-USD.jpg Size: 119 KB


EUR/USD
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 103 KB
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #952
  • Jun 2, 2015 8:41am Jun 2, 2015 8:41am
Quoting andy_l
Everybody has a good trading today? I got 68 pips from NZD/USD from Mon.. Today the EUR and GBP is jumping hihg, especially EUR/USD.. near 237 pips... never seen like this before...
Hi Andy,
For Euro, this is because of Greece. Aggrement with Eeuropean Union in sight.
Dimdel should be happy!...
@+Xavier
  • #953
  • Edited 9:16am Jun 2, 2015 8:57am | Edited 9:16am
Aaaah.... Thanks for the Info..
Xavier :-)

Quoting XavierParisF
{quote} Hi Andy, For Euro, this is because of Greece. Aggrement with Eeuropean Union in sight. Dimdel should be happy!... @+Xavier
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #954
  • Jun 2, 2015 9:07am Jun 2, 2015 9:07am
Quoting andy_l
Everybody has a good trading today? I got 68 pips from NZD/USD from Mon.. Today the EUR and GBP is jumping hihg, especially EUR/USD.. near 237 pips... never seen like this before... NZD/USD {image} EUR/USD {image}
I'm up 68% in three weeks, with a profit factor of 6.2 and less than 3% DD. This is a solid strategy, provided
it is kept to bare-bones simplicity.
  • #955
  • Jun 2, 2015 9:20am Jun 2, 2015 9:20am
Tomorrow, many RED flag... :-)
Just wait and see....

Quoting ChicagoRob
{quote} I'm up 68% in three weeks, with a profit factor of 6.2 and less than 3% DD. This is a solid strategy, provided it is kept to bare-bones simplicity.
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #956
  • Jun 2, 2015 9:45am Jun 2, 2015 9:45am
Quoting ChicagoRob
{quote} I'm up 68% in three weeks, with a profit factor of 6.2 and less than 3% DD. This is a solid strategy, provided it is kept to bare-bones simplicity.
Hi Rob
How many pairs do you use ?
  • #957
  • Jun 2, 2015 9:58am Jun 2, 2015 9:58am
Traded all pairs, increase leverage yesterday and took a big hit. 30% DD. I am trading this system on a small live account so the lost don't hurt but bothers me.

I am trying to figure a solid way to trade on a bigger account. Today's lesson learned.

I am also curious about what pairs are you choosing... I will try now to look all and use other signals to choose better. Next week i can tell you the results.
  • #958
  • Jun 2, 2015 10:18am Jun 2, 2015 10:18am
Quoting ChicagoRob
{quote} No EA, all manual. Enter at 100.0 fib, SL at 0.0, TP at 161.8 - subject to change, depending on price action. 20 pairs on screen, but try to cherry-pick three or four strong candidates. I look for run-ups of several same- color candles, followed by a color change. Basically looking for turning points. I go with the trend and against the trend, based on what I see on my charts.

  • #959
  • Jun 2, 2015 10:19am Jun 2, 2015 10:19am
Quoting ChicagoRob
{quote} I'm up 68% in three weeks, with a profit factor of 6.2 and less than 3% DD. This is a solid strategy, provided it is kept to bare-bones simplicity.


  • #960
  • Jun 2, 2015 10:47am Jun 2, 2015 10:47am
Quoting ChicagoRob
{quote} I'm up 68% in three weeks, with a profit factor of 6.2 and less than 3% DD. This is a solid strategy, provided it is kept to bare-bones simplicity.

How many pairs are you Trading and what % of Bank are you risking per Trade?

As I have stated in a previous post, the most important thing to know, with any method, is the Losing Streak that be expected because it is this information that determines the Money Management to use.

It's all too easy to get carried away with the winning run and not factor in the inevitable loses.

What, I'm waiting for is an EA that can be used to run accurate back tests so we have a good idea of what is achievable and the sort of DD that can be expected over the long term.

After that, we will have a good idea of the MM to use whilst forward testing.
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