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  • #9,141
  • Oct 26, 2015 3:47pm Oct 26, 2015 3:47pm
Quoting devontrader
{quote} can you post indy and template?Also why blue box drawn or is it to hughlight the MML
http://www.powershow.com/view/afebe-...t_presentation



http://www.murreymath.com/

Little bit of homework for you, hope you find it interesting
  • #9,142
  • Oct 26, 2015 3:58pm Oct 26, 2015 3:58pm
Quoting MarkFX77
Can anyone check if my trades were at all valid? Thx! It is only the half day. {image}
Hi Mark :-) fwiw - thought all your entries met the CCI +/- 100 cross OK - except no2. I have read a post of Clive's where he talks about expectation that momentum should continue after the signal and if the trade is not heading significantly in the right direction after a couple of bars then he cuts the trade and waits for a new set up. In this case your exit loss would have been considerably less than the -10 per loser. (as I write this just spotted Devon traders reference to Clives exact post - thanks DT) A quick review of the trades using this criteria relatively conservatively could make the day look like this:

Trade 1 -5
Trade 2 - no entry signal - CCI did not reverse from above +100
Trade 3 , 4 and 5 - average say +25 points total?
Trade 6 -6
Trade 7 +12
Trade 8 -5
Trade 9 -5

Total -21 losses and +37 wins = +16.

Ok not great for a sessions work compared to some of the numbers we have heard, but at least not red. Thinking about PeterA's comment about the 175, maybe it is a good idea to use this filter until we can get more insight into the subtleties of trading this method. The method you applied, as best I can tell, is as described in Clive's latest post (just the 35 LWMA, one CCI and taking first trades after the MA colour change) but Clive is trading it with all the knowledge and criteria he has instinctively developed since the start of this thread and in my mind these subtleties make all the difference in providing a positive outcome. Its exactly why I have more input on the trade execution details and thinking behind it high on my wish list.

Thanks for posting the mark-up, its good to have something specific mirroring Clive's method, to discuss and share insights....cheers..Paul
  • #9,143
  • Oct 26, 2015 4:10pm Oct 26, 2015 4:10pm
Quoting OAPDave
{quote} http://www.powershow.com/view/afebe-...t_presentation http://www.murreymath.com/ Little bit of homework for you, hope you find it interesting
I'm not a MQL coder, but a few days back added what I can only term a hack to the MM indy OAPDave uses, forcing it to refresh.

Hopefully it'll make things easier.
Attached File(s)
File Type: mq4 z---MurreyMath-TimeFrame.mq4   18 KB | 400 downloads
  • #9,144
  • Oct 26, 2015 4:20pm Oct 26, 2015 4:20pm
Hi guys, thanks for your feedback, appreciate it!

@DT

Thx! I know this post and did my best to get entries with this rules.

@ petera

Yes, I also want to give it a shot but had a bit a hard time today. Maybe was the market and as later it gets as more tired the eyes become
and then silly things start to happen.

@ Paul

Thanks for the detailed review of my trades. I like the system because it has tight stops. Unfortunately if there are too many stops it also adds up.
I could also trade this until I am up +20 for the day, most probably it would have end up today different that way but I have a bad experience with the
+20 per day plan because if you go -100 on a bad day you run in a circle.

Just my opinion. Would be glad if this system works, it looks good and i am sure there are some traders making good money with it, just have to
work my way through. But if I don't ask I stay stupid. Thanks again!
  • #9,145
  • Oct 26, 2015 4:27pm Oct 26, 2015 4:27pm
Quoting stu
{quote} I'm not a MQL coder, but a few days back added what I can only term a hack to the MM indy OAPDave uses, forcing it to refresh. Hopefully it'll make things easier. {file}
Yes good work mate well done
  • #9,146
  • Oct 26, 2015 5:18pm Oct 26, 2015 5:18pm
murraymaths seems to help with price positions to trade on chart

id say put murraymath on clives chart and maybe a rsi 7 with clives cci 8 and when price comes to a murray maths level look at the cci and rsi for over bought and oversold,,,,

murraymath lines may help the entry and exit decision to be better
  • #9,147
  • Oct 26, 2015 5:28pm Oct 26, 2015 5:28pm
The concept - 'Don't marry your trade' when it turns against you, so easy to read and comprehend eh? yet sometimes, so difficult to master!

I am thinking with respect to Clive's method - it is a very key component to getting a positive outcome. Based on the writings here I visualise Clive during session times spotting frequent trade opportunities, hitting the entries fast but equally rapidly (a few minutes has been written) dropping the non-movers and without regret, onto the next setup, eventually looking back on a day where a healthy number of trades were taken, the losers were mostly small or break-even and the winners easily compensated to the plus side.

Last night I took a trade (a few hours into the London open), firstly got a terrible entry and was sat on the support level short, only to see the market pull back into a range. I spent the next 47 minutes (47 bars lol!!) watching it come back to the support floor and minor loss, then spike away north hitting just over the -10 points level, more than once lol - talk about glutton for punishment! On about the third visit north I drew a Trend line and made a candle close above and break my exit - finally leaving the party at around -7 points. I had married that sucker till death do us part and so much for Clive's rule about exiting within a few minutes.

The annoying thing is that the previous trade I took also did not take off and I exited in timely fashion - feeling somewhat empowered and pleased with myself and vowing this was how I was going to manage all future trades, hmmm! Anyways - clearly an area I need to do more work and just thought I'd share in case others are experiencing and feeling similar issue - you're not alone :-)...cheers ...Paul
  • #9,148
  • Oct 26, 2015 5:43pm Oct 26, 2015 5:43pm
Quoting devontrader
{quote} ok fair enough dave ive updated the template a couple posts back as seen in the picture,,,can make for a nice system on its own,,,,,,prive oversold on rsi and on a murray level...if price goes over a levelplace a pending order so triggered on way back over,,,,if price goes to next murray levelthen move pending order like you would a trailing stop. when in a trade trail your stops,,,,look for targets like another murray level. anyway back to clives method lol where do you see eurusd going? 1.11? AS YOU CAN SEE,,,LIKE ME ANY THING NEW I WOULD...
How you doing with your trade, are you just letting it play out or moved your stop up ?
  • #9,149
  • Oct 26, 2015 5:52pm Oct 26, 2015 5:52pm
Quoting OAPDave
{quote} How you doing with your trade, are you just letting it play out or moved your stop up ?
letting it run
  • #9,150
  • Oct 26, 2015 5:54pm Oct 26, 2015 5:54pm
dave play with this for me

price onto a murraymath level and cci from above 100,,,,entry on first one back below 100
clives method

any timeframe
look at green dotted line.....perfect on cci and mml line.This is on 5min chart.If dave can make sure mm is on each timeframe and set right we can test it out.....i have some ideas which ill look at if dave updates the templatr
Attached Image (click to enlarge)
Click to Enlarge Name: dave.png Size: 97 KB
Attached File(s)
File Type: tpl !#JB Clive The No Fear MURRAY.tpl   21 KB | 376 downloads
File Type: ex4 MurreyMath-TimeFrame.ex4   33 KB | 362 downloads
  • #9,151
  • Oct 26, 2015 6:05pm Oct 26, 2015 6:05pm
Its late here and ive shut pc down but meant to.post to say....i took 4 trades on mm line with my system and all 4 into profit so looks.promising....im.sure mm with clives method can do well
  • #9,152
  • Oct 26, 2015 6:11pm Oct 26, 2015 6:11pm
Quoting devontrader
dave play with this for me price onto a murraymath level and cci from above 100,,,,entry on first one back below 100 clives method any timeframe look at green dotted line.....perfect on cci and mml line.This is on 5min chart.If dave can make sure mm is on each timeframe and set right we can test it out.....i have some ideas which ill look at if dave updates the templatr {file} {file} {image}
D/T I am going to smack your bottom, you never seem to pick anything I trade hahahah I will have a look, I notice that you quite rightly are trying this out on a demo of which you have clearly indicated but is that 5 lots you trading if so could you tell me what the margin is, or is it £5 per pip and just to double check is that Clives 35 & 175 on a 5min
  • #9,153
  • Oct 26, 2015 6:37pm Oct 26, 2015 6:37pm
Quoting devontrader
dave play with this for me price onto a murraymath level and cci from above 100,,,,entry on first one back below 100 clives method any timeframe look at green dotted line.....perfect on cci and mml line.This is on 5min chart.If dave can make sure mm is on each timeframe and set right we can test it out.....i have some ideas which ill look at if dave updates the templatr {file} {file} {image}
I would use Murrey 256 on a 5 min 288 5 min bars in a day nearest Murrey 256 so my chart slightly different, what Murrey have you used ?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYSBM5.png Size: 45 KB
  • #9,154
  • Oct 26, 2015 7:10pm Oct 26, 2015 7:10pm
Update Murrey Eur-Usd Demo Trade
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDSBH1.png Size: 35 KB
  • #9,155
  • Oct 26, 2015 7:28pm Oct 26, 2015 7:28pm
Quoting devontrader
dave play with this for me price onto a murraymath level and cci from above 100,,,,entry on first one back below 100 clives method any timeframe look at green dotted line.....perfect on cci and mml line.This is on 5min chart.If dave can make sure mm is on each timeframe and set right we can test it out.....i have some ideas which ill look at if dave updates the templatr {file} {file} {image}
D/T you might find this one interesting Daily 256 Murrey
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYSBDaily.png Size: 44 KB
  • #9,156
  • Oct 27, 2015 12:51am Oct 27, 2015 12:51am
Quoting OAPDave
{quote} D/T I am going to smack your bottom, you never seem to pick anything I trade hahahah I will have a look, I notice that you quite rightly are trying this out on a demo of which you have clearly indicated but is that 5 lots you trading if so could you tell me what the margin is, or is it 5 per pip and just to double check is that Clives 35 & 175 on a 5min
yes dave its 5 lots...same as my live account....i like to keep my demo trades close to my live acc for realistic results
  • #9,157
  • Oct 27, 2015 12:55am Oct 27, 2015 12:55am
Dave the indy i posted in post 9150 is same as post 9143.

The parameters are different considering the other indy i used and tested.
Picture below is asia session demo test last night.
Could you post parameters for all timeframes with indy on post 9150
Attached Image (click to enlarge)
Click to Enlarge Name: 20151027_053728.jpg Size: 1.6 MB
  • #9,158
  • Oct 27, 2015 12:59am Oct 27, 2015 12:59am
Quoting OAPDave
{quote} D/T I am going to smack your bottom, you never seem to pick anything I trade hahahah I will have a look, I notice that you quite rightly are trying this out on a demo of which you have clearly indicated but is that 5 lots you trading if so could you tell me what the margin is, or is it 5 per pip and just to double check is that Clives 35 & 175 on a 5min
yes clives template....some things removed and mm put on.5lots = £50 per pip..does that make your eyes water.....my wallett is bulging lol
  • #9,159
  • Edited 2:55am Oct 27, 2015 1:14am | Edited 2:55am
Nice results DT. What stop loss do you use?
  • #9,160
  • Edited 6:42am Oct 27, 2015 2:06am | Edited 6:42am
here's my 3 for the day. had a couple BE/TS in between.

Attached Image (click to enlarge)
Click to Enlarge Name: abcd ex 5.png Size: 69 KB


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Click to Enlarge Name: abcd ex6.png Size: 60 KB


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Click to Enlarge Name: abcd ex7.png Size: 87 KB
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