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Attachments: 28pair Currency Strength double-GAP Momentum Strategy
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28pair Currency Strength double-GAP Momentum Strategy

  • #401
  • Edited Jan 28, 2016 12:34am Jan 27, 2016 10:44pm | Edited Jan 28, 2016 12:34am
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  • #402
  • Edited 12:39am Jan 28, 2016 12:18am | Edited 12:39am
No promotion of products on my thread. Do your own thread! (The first time I spoke a warning before the next one I will not.)
Thread rules at post 1.
This thread follows special method with new features of CSstength28 indicator with new calculations.
What you find nowhere is market momentum and market Fibonacci on currency strength! This is new in the whole forex world! It is priceless.
I do not allow distraction for my students to learn my method.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #403
  • Jan 28, 2016 12:27am Jan 28, 2016 12:27am
thank you Bernhard. looking fwd to more development on the indicator. for sure the market fib is the genius and i can't imagine how you did it ! cheers.
  • #404
  • Jan 28, 2016 12:45am Jan 28, 2016 12:45am
A note for Kasia's EA. It is adding to loosing trades and seem to use some sort of martingale system which is very risky. A curve for 2 weeks is easy to get this way while it is risking the whole account at any time. All martingale systems end one day with a margin call and a loss of the whole account. This is not the way to go.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #405
  • Jan 28, 2016 12:58am Jan 28, 2016 12:58am
Bernhard, please block him
  • #406
  • Jan 28, 2016 3:41am Jan 28, 2016 3:41am
Quoting Bernhard
An example for a m5 scalp as asked by Bubincka before. Trend is H1 double GAP entry m5 double GAP, closed at market fibonacci 161 retracement zone with CS flat/hook and don't forget about timing, timing is important here: London close. CADJPY 30 pip m5 H1 {image} Anyone posting setups please post in this form. pair, TF1 TF2, 2 charts.
Thank you Bernhard, I'm learning.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #407
  • Jan 28, 2016 9:03pm Jan 28, 2016 9:03pm
Bernhard, i was backtesting the indicator from 14th of December and it seems that it repaints the past information. It seems this cannot be use to backtest right? Just telling you what i found out.
  • #408
  • Jan 28, 2016 10:37pm Jan 28, 2016 10:37pm
Quoting duy90
Bernhard, i was backtesting the indicator from 14th of December and it seems that it repaints the past information. It seems this cannot be use to backtest right? Just telling you what i found out.
Yeah I have found the same thing, definitely repaints. If you back test your results will look amazing but not the case when you trade for real.
'Stability breeds Instability' Hyman Minsky
  • #409
  • Jan 28, 2016 11:27pm Jan 28, 2016 11:27pm
  • #410
  • Jan 28, 2016 11:41pm Jan 28, 2016 11:41pm
Quoting ALFtrade
{quote} Yeah I have found the same thing, definitely repaints. If you back test your results will look amazing but not the case when you trade for real.
Right.
Repaints not only currency strenth lines but fibo levels and momentum as well.
Trading the left and right side of the chart differs radically.
BR, alex
  • #411
  • Jan 29, 2016 12:02am Jan 29, 2016 12:02am
Quoting ALFtrade
{quote} Yeah I have found the same thing, definitely repaints. If you back test your results will look amazing but not the case when you trade for real.
In my case it would only disturb my analysis however I see potential in the calculations Bernhard has developed.
  • #412
  • Edited 1:18am Jan 29, 2016 12:57am | Edited 1:18am
Quoting duy90
Bernhard, i was backtesting the indicator from 14th of December and it seems that it repaints the past information. It seems this cannot be use to backtest right? Just telling you what i found out.
Friends!
If someone ever would read the usernotes???

There is no function for a repaint in! It is your history of mt4 which is not updated!

The indicator of course does not just need the history of the pair you have on chart but many other pairs to calculate the currency strength.

The usernote say:
At first it is important to have all 28 currency pairs in the market watch. The indicator need this data to calculate strength. Then you need to know about mt4 how it update history. Only when a pair and TF is requested mt4 history will be updated. So if you change the TF on the chart were the indicator is on, mt4 needs first update all the history of all pairs. This take a while (like 10 to 30 seconds? It depends of your internet connection.). Now you need to change the TF again and back to it and all currency strength will now show correctly. This is not a repainting but mt4 need to update the history.

I hope you did this steps in that post 188

If you did (I hope so) then repeat the steps of post 190 in the TF the history seems not completely updated.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #413
  • Jan 29, 2016 1:29am Jan 29, 2016 1:29am
The market fibonacci levels are calculated with a analysis of the whole market and adapt for each TF automatically. This needs a lot of history data and as market change the market fibonacci levels will adapt to it. Those are not some fix numbers! That's all what we need to trade. Market fibonacci levels are not recalculated in the past they do rarely change over the day.
Wish you all green pips!
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #414
  • Jan 29, 2016 1:42am Jan 29, 2016 1:42am
@ duy90 yes you can read charts in the past as long as you like and do paperwork backtest there is no repaint on it. But make sure you do have history available in all pairs for this time period and not just on one pair! But it is not possible to use on mt4 backtester because the tester does read only one pair.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #415
  • Jan 29, 2016 2:33am Jan 29, 2016 2:33am
To avoid the lag with mt4 history I keep with minimized charts at all times open at least the main pairs in 3 TF which I use on a regular basis. This way mt4 is forced to WRITE to data and will be available to used the next time you restart your terminal. Next time you restart your mt4 just wait a minute to be updated all the data. Still you do not have the cross-pairs but it will help. Just use the quotes template for it.
Attached Image (click to enlarge)
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File Type: tpl quotes.tpl   1 KB | 470 downloads
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #416
  • Jan 29, 2016 2:51am Jan 29, 2016 2:51am
Quoting Bernhard
{quote} Friends! If someone ever would read the usernotes??? There is no function for a repaint in! It is your history of mt4 which is not updated! The indicator of course does not just need the history of the pair you have on chart but many other pairs to calculate the currency strength. The usernote say: At first it is important to have all 28 currency pairs in the market watch. The indicator need this data to calculate strength. Then you need to know about mt4 how it update history. Only when a pair and TF is requested mt4 history will be updated....
hmmm, I always update all my pairs and follow your instructions on post 188 and post 190, I also have all 28 pairs in my market watch. It still seems to repaint for me.
'Stability breeds Instability' Hyman Minsky
  • #417
  • Jan 29, 2016 2:51am Jan 29, 2016 2:51am
Quoting Bernhard
{quote} Friends! If someone ever would read the usernotes??? There is no function for a repaint in! It is your history of mt4 which is not updated! The indicator of course does not just need the history of the pair you have on chart but many other pairs to calculate the currency strength. The usernote say: At first it is important to have all 28 currency pairs in the market watch. The indicator need this data to calculate strength. Then you need to know about mt4 how it update history. Only when a pair and TF is requested mt4 history will be updated....
Bernhard thank you for your comment I was using your indicator on copaper chart with no candles on it. To use it as directional indicator to tell which paits may be available for trading today. It seems it cannot be used that way if it needs to be updated at all times
  • #418
  • Jan 29, 2016 2:58am Jan 29, 2016 2:58am
Quoting Bernhard
To avoid the lag with mt4 history I keep with minimized charts at all times open at least the main pairs in 3 TF which I use on a regular basis. This way mt4 is forced to WRITE to data and will be available to used the next time you restart your terminal. Next time you restart your mt4 just wait a minute to be updated all the data. Still you do not have the cross-pairs but it will help. Just use the quotes template for it. {image} {file}
Ok, maybe its the English translation that I am missing here. So you need all 28 pairs open but minimized at all times (any particular TF?) and then you also have the three charts you work off up as well. If you do this you will not need to reload all TFs with your profiles when you load MT4 up and it shouldn't repaint the currency strength lines?

Is this correct? and thank you for your help.
'Stability breeds Instability' Hyman Minsky
  • #419
  • Jan 29, 2016 2:58am Jan 29, 2016 2:58am
Does'nt it look look loke an attacking snake!

Attached Image



nice weekend
  • #420
  • Jan 29, 2016 3:47am Jan 29, 2016 3:47am
Quoting ALFtrade
{quote} hmmm, I always update all my pairs and follow your instructions on post 188 and post 190, I also have all 28 pairs in my market watch. It still seems to repaint for me.
The market watch does not help you. mt4 will only update AND WRITE IN HISTORY FILE the pair which you have open on a chart and only this TF. The indicator try to load the required history IN MEMORY but it take maybe a minute or it depends of your connection and broker a few seconds to do so. When this is done you change back to any other TF and come back again to the TF you like to see. This is done in a few moments not a big deal.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
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