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MT4 Trading the GAP With Excel

  • #621
  • Nov 26, 2015 1:07am Nov 26, 2015 1:07am
Quoting JibalaPasan
{quote} Once again, I don't use any charts for trading, except Gold and GER30. The M1 chart is for illustration purpose only. The Trading Panel is all I use! The information is available for all, just use the excel sheet which has been provided already. Add a new line for the GAP, if not done already and thats it. Now you have to study and understand how it works exactly. If you want order execution directly from within excel you need an api and someone who will code the macros for the buttons. Each trade starts with a CRV of 1:1 (35 Pip). If trading...
Thanks Jibala
  • #622
  • Nov 26, 2015 2:40am Nov 26, 2015 2:40am
Quoting LFN
Oboy I must be tired now. I am missing some inputs in the latest 5i compared to 5c. 5c: {image} 5i: {image} I cant find the input for the GAP trigger in latest 5i. It was "GapLevelToOpenBuy (and sell) in 5c. Is it this input? {image} I only find this two lines for GAP: {image} I also miss these inputs (from 5c): "Level to open Buy (BSR)" "Level to open Sell (BSR)" Is the RS inputs deleted and replaced with the new CSM inputs? Sorry for all questions.
Hi LFN,

Most of those settings have been changed to make use of Flexi Filters which can be seen at the top of each of these columns in the dashboard. So, once you select any of these as triggers for your dashboard setting, the flexi filters that the dashboard calculates now takes effect instead, so there is no more need for space to input such variables since it is now automatically calculated based on market conditions.
Attached Image

Also, regarding your loosing trades of yesterday, the saying goes that you should never let any EA run fully auto on its own without some sort of manual inputs from you. When it entered the trades the market conditions were ripe and it went in profit but then the market conditions will not always remain the same and thus we have reversals.

However, the most important factor to the success of any EA, is simply, TIMING. You can check out this following post by Bernhard about market-cycle-times. It is not just about trading but WHEN to trade and that is why we have the Session Timing in all the dashboards.
  • #623
  • Nov 26, 2015 3:10am Nov 26, 2015 3:10am
Quoting JibalaPasan
{quote} http://www.forexfactory.com/showthre...06#post8605206 {image} For the order execution on mt4 you need an api and some macros for the buttons.
Hi Jibala,

please comment, is this how your trading tool is set like?
Attached Image (click to enlarge)
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  • #624
  • Nov 26, 2015 3:39am Nov 26, 2015 3:39am
Quoting pipdripper
{quote} Hi LFN, Most of those settings have been changed to make use of Flexi Filters which can be seen at the top of each of these columns in the dashboard. So, once you select any of these as triggers for your dashboard setting, the flexi filters that the dashboard calculates now takes effect instead, so there is no more need for space to input such variables since it is now automatically calculated based on market conditions. {image} Also, regarding your loosing trades of yesterday, the saying goes that you should never let any EA run fully auto...

Thanks pipdripper for the respond about flexifilters, I did not understand that this is calculated automatically from now without any input variables settings.


Quote
Also, regarding your loosing trades of yesterday, the saying goes that you should never let any EA run fully auto on its own without some sort of manual inputs from you.

Just did what dtlases reciommended us to do with the latest version in post 590:
Quoting dtlase
Hi all, Try the EA with default settings, "pure Strength Meter" and see how it works. After you can start adding other filters like BR, RS, BSr, GAP, RSI, MAs, etc I will suggest you let Strong/Weak currencies be the base of your trading


Quote
However, the most important factor to the success of any EA, is simply, TIMING. You can check out this following post by Bernhard about market-cycle-times. It is not just about trading but WHEN to trade and that is why we have the Session Timing in all the dashboards.
I always use the timesettings and do not trade 24H. For now it is set up from Tokyo open until London close.


Lots of analyzing of snapshots and myfxbook to do now
  • #625
  • Nov 26, 2015 3:54am Nov 26, 2015 3:54am
Quoting JibalaPasan
Ooh, rock me Amadeus Rock me Amadeus, rock me Amadeus Rock me all the time to the top. Some nice scalpers this morning already: {image} {image} {image} {image} And once again I was one step ahead! {image} {image} Enjoy your day and good luck to you all.
Hi Jabla,

for entry you use buy / sell stop order + Trial EA?

or narket order + Trial EA


regards
if you're doing we all have results with all
  • #626
  • Nov 26, 2015 4:38am Nov 26, 2015 4:38am
Quoting Aromos
{quote} Hi Jibala, please comment, is this how your trading tool is set like? {image}
Kindly read back some posts, I have explained with screenshot the meaning of each line and its parameters. For the Bid Ratio have a look in your excel sheet, it's there already.
Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2015.11.26_17h34m49s_088_.png Size: 34 KB

And what about the GAP calculation? Why it shows same value for all currencies?
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #627
  • Nov 26, 2015 4:44am Nov 26, 2015 4:44am
Quoting jarfx05
{quote} Hi Jabla, for entry you use buy / sell stop order + Trial EA? or narket order + Trial EA regards
For manual trading market order only, managed by MPTM.
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #628
  • Nov 26, 2015 5:27am Nov 26, 2015 5:27am
Hi dtlase.
I think the "one trade per candle" is not working in 5i-update version.

My setting:
Attached Image


Trades:
Attached Image
  • #629
  • Nov 26, 2015 5:30am Nov 26, 2015 5:30am
Quoting JibalaPasan
{quote} For manual trading market order only, managed by MPTM.
Hi JibalaPasan,

Kindly, what are the numbers marked below?
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  • #630
  • Nov 26, 2015 5:43am Nov 26, 2015 5:43am
Quoting dtlase
{quote} CSM + GAP
Hi dtlase,

On further examination of the changes to your new dashboard, I noticed that you completely took away both of the following:

1. Scalp M1&M5 Candle Direction
2. Swing M15-MN Candle Direction

Please, besides the Heat Map as an overall trend direction determinant, it would also be VERY useful if we have the option of having both of them so that the user can choose between the two or as might be necessary use both.

According to Post #536, I believe that the candle directions are NOW based on the MADdash, therefore, it becomes all the more important for us that you KINDLY restore these two features based on the MADdash.

It would be highly appreciated.

Thanks for all the great efforts.

PS:
Also like LFN stated in Post 628, I had an issue where a trade was closed @ 12:21:35 and a new one opened @ 12:21:39 although I had the One Trade Per Cande set to M15.
Attached Image
  • #631
  • Edited 7:19am Nov 26, 2015 6:39am | Edited 7:19am
Quoting htawfik
{quote} Hi JibalaPasan, Kindly, what are the numbers marked below? {image}
Attached Image

Just have an idea and don't let it go until you know that it doesn't work as expected.

For illustration purpose only. Not all trades straight to TP especially if market is weak!
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This short trade shows that I don't use charts! If I use a chart, I never ever go short just in front of DO!
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #632
  • Edited 7:44am Nov 26, 2015 7:29am | Edited 7:44am
Quoting JibalaPasan
{quote} {image} Just have an idea and don't let it go until you know that it doesn't work as expected. For illustration purpose only. Not all trades straight to TP especially if market is weak! {image} {image} {image} This short trade shows that I don't use charts! If I use a chart, I never ever go short just in front of DO!
is week but good for my test...
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regards
if you're doing we all have results with all
  • #633
  • Nov 26, 2015 7:57am Nov 26, 2015 7:57am
regard timing when to enter in to trade:

"...In addition, one of the most important trading strategies is to trade at a specific time period every day. One of the best advantages of trading Forex is that there is an ability to trade 24/7 from Monday until Friday every week (Okeefe, 2010, p. 10), excluding some international events, such the United States Independence Day. The best time to trade, in the New York time zone, or Eastern Standard Time (EST), is from 8 a.m. to 11:59 a.m. EST due to many reasons. One of these reasons, is to trade after all the major effects/impacts have occurred in most of the markets on the same day, so that the maximum daily Pips reached for each currency pair are known.
In other words, the best time to trade is after the close of two of the four biggest markets (Australian, Japanese/Asian markets) and after five hours of the (London/European markets), which means that the trade should start at the New York/North American markets. According to Hunt (2011), The best time to trade is when the market is most active (para. 4), which in this case will be from 8 a.m. to 11:59 p.m. EST. It is essential to recognize that most of the world trades are in both the London/European and New York/North American markets with a 54.7% of world Forex trading (BIS, 2010, p. 1). According to BIS (2010), The relative ranking of foreign exchange trading centers has changed slightly from the previous survey. Banks located in the United Kingdom accounted for 36.7%, against 34.6% in 2007, of all foreign exchange market turnover, followed by the United States (18%), Japan (6%), Singapore (5%), Switzerland (5%), Hong Kong SAR (5%) and Australia (4%) (p. 1). ..."
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #634
  • Nov 26, 2015 8:06am Nov 26, 2015 8:06am
Quoting jarfx05
{quote} is week but good for my test...{image} {image}{image} regards
Did you take one of these opportunities?

GBPCHF only halfway signal here, but nothing on CHFJPY (CHF is rising again!).

Edit: Sorry, just saw it on your last screen!
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #635
  • Nov 26, 2015 8:15am Nov 26, 2015 8:15am
Dear jarfx, the green value 7 in your screenshot, for GBP is that the GAP? thank you kindly... ​
  • #636
  • Nov 26, 2015 10:10am Nov 26, 2015 10:10am
Quoting JibalaPasan
{quote} Did you take one of these opportunities? GBPCHF only halfway signal here, but nothing on CHFJPY (CHF is rising again!). Edit: Sorry, just saw it on your last screen!


This is MPTM that uses ?
Attached Image (click to enlarge)
Click to Enlarge Name: oea.png Size: 46 KB


regards
if you're doing we all have results with all
  • #637
  • Nov 26, 2015 10:14am Nov 26, 2015 10:14am
Quoting rabbit68
Dear jarfx, the green value 7 in your screenshot, for GBP is that the GAP? thank you kindly... ​
Hi,

Attached Image


regards
if you're doing we all have results with all
  • #638
  • Nov 26, 2015 11:02am Nov 26, 2015 11:02am
Quoting jarfx05
{quote} Hi, {image} regards
thank you very much!! ​
  • #639
  • Nov 26, 2015 11:09am Nov 26, 2015 11:09am
Quoting JibalaPasan
{quote} Each trade starts with a CRV of 1:1 (35 Pip). If trading the [-]GAP in uptrend or the [+]GAP in downtrend it mostly will reach 4.2 only, because this is the level where TP will be secured. If it's a strong bounce it can be more. When going with trend all depends on momentum, hence it's important to enter at the right point of time. And last but not least the system is not unfailingly, there are losses too but they are rare.
Jibala. So you have success with in general SL=35 TP=4.2
you did mention ones you use also a trailing stop with 1.5 pip ?
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #640
  • Nov 26, 2015 12:04pm Nov 26, 2015 12:04pm
Hi Bernhard,

When saw your post i remembered you working together with HP on a double GAP dash, how's that working? is it allready finished?
Persistence will get it. Consistency will keep it.
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