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MT4 Trading the GAP With Excel

  • #1,181
  • Feb 12, 2016 6:09am Feb 12, 2016 6:09am
I didn't expect anything anymore from today but the US news pushed the market a little bit at least.

Q: What's better than a 3 sec deal?

A:
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In an out in one step!

The 2nd trade took some seconds more to finish.
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EURCAD, OP_SELL Order Details: Main Trend DOWN, BR: 0.00 (+/- 0.73), RS: -9.00 (+/- 6.90), BS: -5.34 (+/- 2.18), BS GAP: -2.94 (+/- 1.15)
CADJPY, OP_BUY Order Details: Main Trend UP, BR: 0.90 (+/- 0.73), RS: 7.00 (+/- 6.88), BS: 4.93 (+/- 2.15), BS GAP: 1.93 (+/- 1.15)
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,182
  • Feb 12, 2016 6:14am Feb 12, 2016 6:14am
Quoting JibalaPasan
{quote} 1. We've tested many of the smaller TF's but nothing seems to work. This combination works pretty well so far, maybe needs adjustment after some time. We're already thinking about a time-based self-adjustment but need more data to analyze. 2. As always, one should not open an order just at the end or near to bar / candle close. Wait on next open. It's a hard task when you have to do it manually! 3. Don't use the GAP as a stand alone indicator! My 3 sec deal (5.8 Pip) for today: {image} {image} Today's breadwinner: {image} Edit: If the market...

Girl, you rock! Thanks for answers.

Even with ban at the end of a candle, since reversal it can come, special on 1H candle, shouldn't we filter also trades where the signal come too late.

For example if from Open candle the pair move X pips already , and the signal come we shouldn't take it because the movement it's to big , and we didn't got the signal at the begin of the movement . Of course the X pips movement should be a flexi value. Just to make sure we don't buy high and sell low.

Do you consider something like that it's limiting our trading or is something you also use in your trading, for example like you did last night for AUDJPY and CADJPY trades that you didn't got them.

Got a 4 seconds trade few weeks ago, still working on latency with broker since for scalping is very important.
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By failing to prepare, you are preparing to fail.
  • #1,183
  • Feb 12, 2016 6:26am Feb 12, 2016 6:26am
Quoting project13et
{quote} Girl, you rock! Thanks for answers. Even with ban at the end of a candle, since reversal it can come, special on 1H candle, shouldn't we filter also trades where the signal come too late. For example if from Open candle the pair move X pips already , and the signal come we shouldn't take it because the movement it's tobig , and we didn't got the signal at the begin of the movement . Of course the X pips...
That we have implemented in last bar check because what happens mostly if bar too much long that it will reverse!
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,184
  • Feb 12, 2016 7:03am Feb 12, 2016 7:03am
Quoting JibalaPasan
{quote} That we have implemented in last bar check because what happens mostly if bar too much long that it will reverse!
Yes nasap has describe this http://www.forexfactory.com/showthre...77#post8436477 . But somehow it's looking like the last bar check it's include also a current bar

12.2.2016 15:32:18, EURCAD, Main Trend Down, BR: 0 (+/- 0.73), RS: -9 (+/- 6.85), BS: -5.84 (+/- 4.36), BS GAP: -3.38 (+/- 1.16)
12.2.2016 15:33:6, CADJPY, Main Trend Up, BR: 1 (+/- 0.73), RS: 9 (+/- 6.89), BS: 6.01 (+/- 4.4), BS GAP: 2.98 (+/- 1.17)

EURCAD was almost same time with you, CADJPY much later.

But why not CADCHF ? For me it didn't took because CHF was not weak enough comparative with rest.

Thanks,
By failing to prepare, you are preparing to fail.
  • #1,185
  • Feb 12, 2016 7:19am Feb 12, 2016 7:19am
Quoting project13et
{quote} Yes nasap has describe this http://www.forexfactory.com/showthre...77#post8436477 . But somehow it's looking like the last bar check it's include also a current bar 12.2.2016 15:32:18, EURCAD, Main Trend Down, BR: 0 (+/- 0.73), RS: -9 (+/- 6.85), BS: -5.84 (+/- 4.36), BS GAP: -3.38 (+/- 1.16) 12.2.2016 15:33:6, CADJPY, Main Trend Up, BR: 1 (+/- 0.73), RS: 9 (+/- 6.89), BS: 6.01 (+/- 4.4), BS GAP: 2.98 (+/- 1.17) EURCAD was almost same time with you, CADJPY much later. But why not CADCHF ? For me it didn't took because...
1. Yes, you are absolutely right. It checks last & current bar!

2. Reason could be the spread for CADCHF was too high at that moment but it looks more pair strength was below average market strength
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,186
  • Feb 12, 2016 7:26am Feb 12, 2016 7:26am
Thanks for your patience, was a great Q&A session from where I am sure lot of peoples will find very precious answers and learn how to improve there trading
By failing to prepare, you are preparing to fail.
  • #1,187
  • Feb 12, 2016 7:38am Feb 12, 2016 7:38am
Quoting project13et
Thanks for your patience, was a great Q&A session from where I am sure lot of peoples will find very precious answers and learn how to improve there trading
You're welcome!

I wish you and all others a nice weekend.
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,188
  • Feb 12, 2016 8:21am Feb 12, 2016 8:21am
Quoting project13et
{quote} Yes nasap has describe this http://www.forexfactory.com/showthre...77#post8436477 . But somehow it's looking like the last bar check it's include also a current bar 12.2.2016 15:32:18, EURCAD, Main Trend Down, BR: 0 (+/- 0.73), RS: -9 (+/- 6.85), BS: -5.84 (+/- 4.36), BS GAP: -3.38 (+/- 1.16) 12.2.2016 15:33:6, CADJPY, Main Trend Up, BR: 1 (+/- 0.73), RS: 9 (+/- 6.89), BS: 6.01 (+/- 4.4), BS GAP: 2.98 (+/- 1.17) EURCAD was almost same time with you, CADJPY much later. But why not CADCHF...
Mmm, project13et.
I am not a gap trader (yet), but look at my M1 snapshots, yellow = NYO. Doesn´t strike me as a gap.

LuXing
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Wisdom begins in wonder
  • #1,189
  • Feb 12, 2016 11:12am Feb 12, 2016 11:12am
Quoting JibalaPasan
{quote} You're welcome! I wish you and all others a nice weekend.
why don't you just automate your idea , why do you still waste so much energy on trading it manually ,
everything can be automated , it is easy for profesionnal coders
  • #1,190
  • Feb 12, 2016 7:16pm Feb 12, 2016 7:16pm
Quoting jens1211
{quote} why don't you just automate your idea , why do you still waste so much energy on trading it manually , everything can be automated , it is easy for profesionnal coders


This dashboard runs in "auto" mode ever since...maybe >2 years already!
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,191
  • Feb 12, 2016 7:32pm Feb 12, 2016 7:32pm
Quoting LuXing
{quote} Mmm, project13et. I am not a gap trader (yet), but look at my M1 snapshots, yellow = NYO. Doesnt strike me as a gap. LuXing {image}
1. The time in your table doesn't correspondent to the time when the signals were generated

2. Maybe you don't see the GAP in your table but it's clearly to see on a chart (btw I see many GAPs even!)
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PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,192
  • Feb 14, 2016 6:28am Feb 14, 2016 6:28am
Dear Experts

I am very new to this, tried to figure out but getting confused. Could somebody please guide me where to find the excel ? One more question, is the dashboard only to manage my trades? Sorry for such primitive question.
  • #1,193
  • Edited 5:25pm Feb 14, 2016 1:49pm | Edited 5:25pm
Hello all here

Thanks for that wonderful thread, this week I will get the excel and dashboard and start making practice manually first. This GAP strategy is very powerful when we are near VERY STRONG REVERSAL time like at GMT 14 or GMT 16. Will be updating soon my trades.

HAPPY VALENTINE DAY

Regards

Jose
  • #1,194
  • Feb 14, 2016 7:57pm Feb 14, 2016 7:57pm
Hello guys, I started with some trades during the Asian session into a new week. The market was a bit mixed but finally the JPY lost and offered some opportunities.
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Some of you may ask again "Why not AUDCHF?". The answer comes here:
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If the signal would have been still valid after crossing above, a nice run for ~18 Pip.

And some more against the JPY:
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GJ, NJ and UJ manual.

I wish you all a green week!
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,195
  • Feb 14, 2016 9:32pm Feb 14, 2016 9:32pm
Quoting rumbaut
Hello all here Thanks for that wonderful thread, this week I will get the excel and dashboard and start making practice manually first. This GAP strategy is very powerful when we are near VERY STRONG REVERSAL time like at GMT 14 or GMT 16. Will be updating soon my trades. HAPPY VALENTINE DAY Regards Jose

Hello rumbaut.

where can get the excel and dashboard?

Thanks

Regards
  • #1,196
  • Feb 14, 2016 11:01pm Feb 14, 2016 11:01pm
A good start to be continued
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After that signal, I bought one more bunch:
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Did you notice the green and red numbers between bid / ask price? These are the choir members and the more members join the better the hymn sounds!
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,197
  • Feb 14, 2016 11:42pm Feb 14, 2016 11:42pm
Quoting JibalaPasan
A good start to be continued {image} After that signal, I bought one more bunch: {image} {image} {image} {image} Did you notice the green and red numbers between bid / ask price? These are the choir members and the more members join the better the hymn sounds!

Hello JbalaPasan.

Is your dash and system a private dash or can download somewhere?

Please answer.

Thanks

Regards
  • #1,198
  • Feb 14, 2016 11:48pm Feb 14, 2016 11:48pm
Quoting howa61
{quote} Hello JbalaPasan. Is your dash and system a private dash or can download somewhere? Please answer. Thanks Regards
It's a private system, but dtlase offered here an excellent excel dashboard for free, it's a good start for begin to understand a little part of how Jib system work. Most of information are public but it's a very big and long puzzle so it's up to you if you want to invest lots of hours of research and work to finish this puzzle.
By failing to prepare, you are preparing to fail.
  • #1,199
  • Feb 15, 2016 12:24am Feb 15, 2016 12:24am
Quoting project13et
{quote} It's a private system, but dtlase offered here an excellent excel dashboard for free, it's a good start for begin to understand a little part of how Jib system work. Most of information are public but it's a very big and long puzzle so it's up to you if you want to invest lots of hours of research and work to finish this puzzle.

  • #1,200
  • Feb 15, 2016 4:41am Feb 15, 2016 4:41am
Quoting JibalaPasan
{quote} 1. The time in your table doesn't correspondent to the time when the signals were generated 2. Maybe you don't see the GAP in your table but it's clearly to see on a chart (btw I see many GAPs even!) {image}
1. correct
2. takes dedication to master the art of "Mind the Gap" trading. Since today is like watching paint dry, excellent moment to start reading from page #1

Today´s slowest...

LuXing
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