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trend catching with NonLagDot indicator

  • #981
  • Jan 15, 2016 8:30am Jan 15, 2016 8:30am
Hi traders,

I catched last trade and I think it's ok for the week. It's UC but I didn't see Lebanesse request, it was my choice, so I'm very happy to agree with the master. Thank you so much Lebanesse!!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 69 KB


See you next week. Let's catch more trend then.



TONI forexdaist
  • #982
  • Edited Jan 16, 2016 2:58am Jan 15, 2016 8:33am | Edited Jan 16, 2016 2:58am
Quoting fxforfun
{quote} Hi Lebaneese, Would you mind posting the UC chart? I may be confused, I didn't see the entry on the M30
check Post #963, I posted my order there.
  • #983
  • Jan 15, 2016 8:35am Jan 15, 2016 8:35am
Quoting forexdaist
Hi traders, I catched last trade and I think it's ok for the week. It's UC but I didn't see Lebanesse request, it was my choice, so I'm very happy to agree with the master. Thank you so much Lebanesse!! {image} See you next week. Let's catch more trend then. TONI forexdaist
I posted the set up before the signal trigger , refer to post #963 .
  • #984
  • Jan 15, 2016 8:40am Jan 15, 2016 8:40am
Quoting Lebaneese
{quote} I posted the set up before the signal trigger , refer to post #963 .
Sorry, I just jumped into this thread. I had the wrong dot indicator on my chart. I see the set up now and it looks like it is doing well
  • #985
  • Jan 15, 2016 8:45am Jan 15, 2016 8:45am
If someone took UC trade set it to BE because now we are dealing with one pair not with basket. Set BE and let profit run or close it when it is enough for you.
  • #986
  • Jan 15, 2016 8:49am Jan 15, 2016 8:49am
this is UC chart from one of my student traders .
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.png Size: 34 KB
  • #987
  • Jan 15, 2016 8:54am Jan 15, 2016 8:54am
Quoting Lebaneese
this is UC chart from one of my student traders . {image}
Very nice.. The exact trade I took!
Know your edge and trade within it
  • #988
  • Jan 15, 2016 9:34am Jan 15, 2016 9:34am
Lebaneese,

On that UC trade, it's not shown in your student's chart, but don't you (personally) trail the entry UP on a short to follow 1 pip below any successive higher lows which may form after the pullback bar?

Also, when I started this thread, from the pics you had shown, I had assumed that the pullback bar to trigger a setup had to actually touch the dot but now I see that this is not the case, just has to be a PB candle with the right dot color.
  • #989
  • Jan 15, 2016 9:42am Jan 15, 2016 9:42am
Quoting CLTrader
Lebaneese, On that UC trade, it's not shown in your student's chart, but don't you (personally) trail the entry UP on a short to follow 1 pip below any successive higher lows which may form after the pullback bar? Also, when I started this thread, from the pics you had shown, I had assumed that the pullback bar to trigger a setup had to actually touch the dot but now I see that this is not the case, just has to be a PB candle with the right dot color.
the MM part is up to each trader about trailing , moving SL or not , fix target , I don't teach that.
for the signal the pullback candle it is not a rule to touch or no , what is important is Dot color.
  • #990
  • Jan 15, 2016 9:49am Jan 15, 2016 9:49am
Quoting Dave_C
{quote} It is possible but not designed that way. Delete lines 165 and 179 and insert the following lines at Line 80 if (Direction == Down) StopLossPrice = iHighest(NULL,0,MODE_HIGH,5,1) + Ask - Bid; if (Direction == Up) StopLossPrice = iLowest(NULL,0,MODE_LOW,5,1) - Ask +Bid;

Hi Dave.
I am not a programmer hence i cant find a way to do the coding can you please help me with a completed set of this EA.
Thanks in advance.
Warm Regards
Kiran
  • #991
  • Jan 15, 2016 11:22am Jan 15, 2016 11:22am
buy eur/usd
tp34 pip
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.H1.png Size: 110 KB
  • #992
  • Edited 11:43am Jan 15, 2016 11:28am | Edited 11:43am
Quoting Jagg
{quote} @Dave_C Now your alert pops up every single bar. Can you change that so it only generates an alert when the trend (color of the dot) is changing?
​If I was to do that, and you had just turned on your platform you wouldn't receive an alert. This method can be traded after the first pullback.

It shouldn't pop up every single bar, only bars which are countertrend.
  • #993
  • Jan 15, 2016 11:31am Jan 15, 2016 11:31am
Quoting kirannaik
{quote} Hi Dave. I am not a programmer hence i cant find a way to do the coding can you please help me with a completed set of this EA. Thanks in advance. Warm Regards Kiran
Please refer Post #711
  • #994
  • Jan 15, 2016 12:12pm Jan 15, 2016 12:12pm
Hello Lebaneese first of all thanks for sharing that prfect strategy.

I am new on this strategy so i have some question if you can answer to me ( check picture ):
- When we get first sell signal (pic: A) we put sellstop on low
but if we recive one more signal (pic: B) then we move sellstop to low of (pic: B) correct?
- You using stoploss allways at last swings? correct?
- Do you add more entrys if you recive signal in downtrend (pic : C) or you just wait till SL hit or reverse of signal in my case (pic: D) ?
- If is not a secret when do you close all trades? On what base? And what is your weekly TP for 30min chart?

Sorry for bad english
Happy trading to all.

Best
Luka
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  • #995
  • Jan 15, 2016 1:12pm Jan 15, 2016 1:12pm
Quoting Dave_C
{quote} Please refer Post #711
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Hi Guys , I opened account with 50 $ and attached the EA for the first day and my account current equity is more than doubled at this moment and this is from Asian session up till now .So it is working great. Although there are still some problems or issues i am facing and hope anybody could suggest or solve them. I have attached the settings above in 3 screen shots. I will tell how the settings are on Mt4 and on EA . Anybody can help and let me know what problem might be.
(1) I have 12 pairs on Mt4 which means 12 different charts of each pair on M30 time frame with Non lag EA attached.
(2) I have one chart of Eur/usd ( which is also there on M30 with Non lag EA attached )on M5 time frame with closed trade EA attached.
(3) I have attached the settings with different magic numbers on each chart/pair ( different last digit of magic number )
(4) We can see all the settings with 30 pips fixed Sl and 40 pips TP , length - 20 , lot size - 0.01
(5) In closed trade EA settings show current equity which I have increased after profits , 4 according to me is 4 $ ( as tp is set to 40 pips and 3 is 3 $ as Sl is set for 30 pips and below are magic numbers start and end.

Now everything works just fine but pending orders are there and in few pairs trades open without stop loss and take profits and keep running beyond profit of 40 pips ( Infact these are trades I made most money on but it could be different and very much purpose of EA is not solved here ) I have to close these trades manually. So what could be problem here or anything wrong I am doing. Anyone can suggest or advise please.

Regards.
  • #996
  • Jan 15, 2016 1:23pm Jan 15, 2016 1:23pm
Also i want to check as I am learning that do i need to change the value according to each pair like Eur/ usd - eur is base currency ( under hlp 10 base currency settings ) and incase of gbp / usd chart the value should be 3 . This also might be one of the issue. please do let me know.

Thanks
  • #997
  • Jan 15, 2016 2:06pm Jan 15, 2016 2:06pm
Quoting realfun07
{quote} {image} {image} {image} {image} Hi Guys , I opened account with 50 $ and attached the EA for the first day and my account current equity is more than doubled at this moment and this is from Asian session up till now .So it is working great. Although there are still some problems or issues i am facing and hope anybody could suggest or solve them. I have attached the settings above in 3 screen shots. I will tell how the settings are on Mt4 and on EA . Anybody can help and let me know what problem might be. (1) I have 12 pairs on Mt4 which...
  • #998
  • Jan 15, 2016 2:36pm Jan 15, 2016 2:36pm
Did get my daily portion of pips after all.

Today's trades and the weekly result as below. The weekend is very welcome to commence, at last! Everyone enjoy yours.
Attached Image (click to enlarge)
Click to Enlarge Name: trades150116.png Size: 29 KB
mind over matter
  • #999
  • Edited 4:05pm Jan 15, 2016 3:08pm | Edited 4:05pm
Quoting realfun07
Also i want to check as I am learning that do i need to change the value according to each pair like Eur/ usd - eur is base currency ( under hlp 10 base currency settings ) and incase of gbp / usd chart the value should be 3 . This also might be one of the issue. please do let me know. Thanks
​You cannot trade the EA with a bank of only $50, you need a minimum of $500 preferably $1000 because .01 is the minimum wager and wagers below that will not be accepted. The maths required in your case would result in many wagers below the minimum and that is why you are having problems. Relating to non updating of orders which have been accepted, the behaviour is symptomatic of not using a unique magic number on each different chart.

In the case of the CloseTrades EA, once the dummy order is placed, all functions of the NonLagDot EA are suspended and there will be no maintenance of any trades. I have seen on occasions, an order slip through with presumably a crossover in communications. You should ensure that if this does happen, you cancel this order manually. I have made a small change in the EA which hopefully will eliminate this problem.

If you need to post details in future, please do so here. It was never my intention that you post your problems on this site.
Attached File(s)
File Type: ex4 CloseTrades.ex4   9 KB | 237 downloads
File Type: mq4 CloseTrades.mq4   2 KB | 254 downloads
  • #1,000
  • Jan 15, 2016 3:09pm Jan 15, 2016 3:09pm
Quoting kosmo
Did get my daily portion of pips after all. Today's trades and the weekly result as below. The weekend is very welcome to commence, at last! Everyone enjoy yours. {image}
Great job and wish you all the best . keep it up mate
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