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Trading made possible with EsikeA+++

  • #301
  • Edited 1:38pm Feb 13, 2016 1:27pm | Edited 1:38pm
Quoting cardm3n
{quote} If you use the included files FXRabbi provided, and you use his template, you will see that it includes his EA that he uses to manage the trades. The EA is only used to manually open trades with the button coded into the EA, and the EA sets SL, TP, and trail levels according to the settings. The settings in the EA included in the template have the settings "Lock in points: 150" and "Activate Lock in Points after X points in Profit: 170" This means that the EA will essentially move the SL to 15 pips after the trade reaches 17 pips profit,...


Yes, correct.
Time always comes before price
  • #302
  • Feb 13, 2016 1:28pm Feb 13, 2016 1:28pm
Quoting since80808
{quote} Thanks for news! Do you use it at H1 (signal) only or at entry TFs?

All TF's.
Time always comes before price
  • #303
  • Feb 13, 2016 1:32pm Feb 13, 2016 1:32pm
Quoting floydd
{quote} is there a way to get rid of the arrows that appear all over the chart when using Trendline? (and thanks for answering my DMI question above.)

Use my template, all my settings are there. And be careful so that I will not put you on my ignore list, so follow simple instructions.



Yomi.
Time always comes before price
  • #304
  • Feb 13, 2016 2:52pm Feb 13, 2016 2:52pm
ah, just realized what my malfunction was. i'd put all your indicators in a folder under the indicators folder, which made it so your template couldn't find the indicators, eventhough you can find em through navigator. so, i moved em all to the indicators folder and all is well. sorry to have cluttered up the thread so badly. i will remove myself to the penalty box for a while, in penance.
  • #305
  • Feb 13, 2016 3:30pm Feb 13, 2016 3:30pm
Quoting floydd
ah, just realized what my malfunction was. i'd put all your indicators in a folder under the indicators folder, which made it so your template couldn't find the indicators, eventhough you can find em through navigator. so, i moved em all to the indicators folder and all is well. sorry to have cluttered up the thread so badly. i will remove myself to the penalty box for a while, in penance.

Time always comes before price
  • #306
  • Feb 13, 2016 7:28pm Feb 13, 2016 7:28pm
Quoting cardm3n
{quote} If you use the included files FXRabbi provided, .... Hope I was able to answer your question. Happy weekend guys!
Thanks mate. Appreciate it.

Regards,
Blackeagle
  • #307
  • Feb 14, 2016 12:10am Feb 14, 2016 12:10am
Quoting fxrabbi
Second trades on EURUSD (M5) today total +30.1pips. Happy trading, Yomi. {image}
Hi Yomi,

I've been reading this thread with great interest. Thanks for sharing. I have a question re. your second trade on above chart.
You said "ADX must be above one of the DMI's" and to explain it better you later said "ADX should be between DMI+ & DMI-"

Your second trade on above chart shows ADX is above both DMIs, not between them. Isn't it more correct to restate ADX rule as:
"ADX should be either between DMI+ and DMI- OR above both"

Thanks in advance.
Regards,
Blackeagle
  • #308
  • Feb 14, 2016 10:40am Feb 14, 2016 10:40am
Quoting Blackeagle
{quote} Hi Yomi, I've been reading this thread with great interest. Thanks for sharing. I have a question re. your second trade on above chart. You said "ADX must be above one of the DMI's" and to explain it better you later said "ADX should be between DMI+ & DMI-" Your second trade on above chart shows ADX is above both DMIs, not between them. Isn't it more correct to restate ADX rule as: "ADX should be either between DMI+ and DMI- OR above both" Thanks in advance. Regards, Blackeagle

Please see post 292.
Time always comes before price
  • #309
  • Feb 15, 2016 12:31am Feb 15, 2016 12:31am
5 questions to ask yourself before opening a live/real forex account:



1. Have you been trading on a regular basis for six months or longer.

2. Have you experimented with trading different styles.

3. Are your winning trades outweighing your losing trades over a long term.

4. Do you have a process for recording and reviewing your trades to improve performance.

5. Have you developed a trading plan and process that works for you.



Happy trading,
Yomi.
Time always comes before price
  • #310
  • Feb 15, 2016 1:13am Feb 15, 2016 1:13am
Hi Yomi,

Thanks for the reply. Just another question. You said we needed to check H1 DMI before taking a trade. Do we need to look at only DMI on H1 to see everything in place or do you also check price on H1 being above/below 2 MAs and DPP?

Regards,
Blackeagle
  • #311
  • Feb 15, 2016 1:19am Feb 15, 2016 1:19am
Quoting Blackeagle
Hi Yomi, Thanks for the reply. Just another question. You said we needed to check H1 DMI before taking a trade. Do we need to look at only DMI on H1 to see everything in place or do you also check price on H1 being above/below 2 MAs and DPP? Regards, Blackeagle

Both, I will give out the checklist very soon. I always like your questions, they are good for everybody here.



Happy trading,
Yomi.
Time always comes before price
  • #312
  • Edited 4:32am Feb 15, 2016 4:18am | Edited 4:32am
CHECKLIST:



1. H1 - Direction:

i.) Price vs the 2 MA's/DPP.

ii.) DMI - DMI's vs ADX & ADXr.

iii.) TrendMirror - the 2 indicators must be in agreement up to 1 bar.




2. M15 & M5 - Entry:

i.) 5ema - the trigger.

ii.) Price vs the 2 MA's/DPP.
a.) 24/72 MA = Buy.
b.) 72/24 MA = Sell.

iii.) 10ema dashboard - minimum of M15 - H1.

iv.) Strength meter.

v.) Ichimoku - minimum of M15 - M30.

vi.) DMI - should be ok.

vii.) TrendMirror.
a.) Level 1 entry.
b.) Level 2 entry.

viii.) News indicator - should give you go ahead.



Happy trading,
Yomi.
Time always comes before price
  • #313
  • Feb 15, 2016 4:27am Feb 15, 2016 4:27am
1st trade of the week:

EURUSD (M5) +14.4pips.







Happy trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 50 KB
Time always comes before price
  • #314
  • Feb 15, 2016 4:33am Feb 15, 2016 4:33am
Thank you for new rules resume.
Quoting fxrabbi
CHECKLIST
No word about trend lines on main screen?
Just an opinion. Based on research
  • #315
  • Feb 15, 2016 4:34am Feb 15, 2016 4:34am
Quoting fxrabbi
1st trade of the week: EURUSD (M5) +14.4pips. Happy trading, Yomi. {image}
Congrats!
I have been waiting for a setup but did not get one. ADXR was (is) under water all morning on M15 and the Strength meter never got into any color...
Would you mind go through your criteria for this trade?
Thanks.
  • #316
  • Feb 15, 2016 4:37am Feb 15, 2016 4:37am
Quoting fxrabbi
1st trade of the week: EURUSD (M5) +14.4pips. Happy trading, Yomi. {image}
A couple of objections re. validity of that trade.

1- ADXr was below 20
2- ADX was below both DMIs

Please correct me if I'm wrong

Regards,
Blackeagle
  • #317
  • Feb 15, 2016 4:38am Feb 15, 2016 4:38am
Quoting Go5
{quote} Congrats! I have been waiting for a setup but did not get one. ADXR was (is) under water all morning on M15 and the Strength meter never got into any color... Would you mind go through your criteria for this trade? Thanks.

Very busy right now, but will do that later in the day, always like your questions too, this will help every body here.



Happy trading,
Yomi.
Time always comes before price
  • #318
  • Feb 15, 2016 4:40am Feb 15, 2016 4:40am
Quoting Blackeagle
{quote} A couple of objections re. validity of that trade. 1- ADXr was below 20 2- ADX was below both DMIs Please correct me if I'm wrong Regards, Blackeagle

Will do that later, my friend, busy right now.



Happy trading,
Yomi.
Time always comes before price
  • #319
  • Feb 15, 2016 5:33am Feb 15, 2016 5:33am
Quoting Blackeagle
{quote} A couple of objections re. validity of that trade. 1- ADXr was below 20 2- ADX was below both DMIs Please correct me if I'm wrong Regards, Blackeagle
I think the trade is correct becoz there was a 5ema trigger, currency meter and histogram was color red, DMI- was above the ADX, and the PA came from between the 2 MAs. So there were 4 confluences of events to have a high probability trade. Am I correct in my observation....
  • #320
  • Feb 15, 2016 5:40am Feb 15, 2016 5:40am
Quoting fxenthusiast
{quote} I think the trade is correct becoz there was a 5ema trigger, currency meter and histogram was color red, DMI- was above the ADX, and the PA came from between the 2 MAs. So there were 4 confluences of events to have a high probability trade. Am I correct in my observation....
No, you are not correct if you read post #1. It clearly states that;

2. DMI: - Window 1

iii.) ADXr must be above 20 level.

and

When not to trade:

1. When ADX is below both DMI lines or ADXr is below 20 level.

But since Yomi said he/she would explain it later, we need to wait for the explanation. As Go5 noticed, too, (he/she is more experienced on this strategy than me), the above trade is not valid with CURRENT rules.

Regards,
Blackeagle
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