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MT4 Trading the GAP With Excel

  • #1,201
  • Feb 15, 2016 6:48am Feb 15, 2016 6:48am
While we had tea time on the terrasse, these two orders were executed. But what a dramatical fight to break out for some mere pip!
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Meanwhile, it looked like this
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or this
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and finally, after 4 hours to TP.
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US Bank holiday! Not much more to expect.
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,202
  • Feb 15, 2016 11:28am Feb 15, 2016 11:28am
Anyone heard of dtlase lately? He had some plans with updating his v5 dashboard in 2016.
  • #1,203
  • Feb 16, 2016 4:55am Feb 16, 2016 4:55am
Quoting JibalaPasan
While we had tea time on the terrasse, these two orders were executed. But what a dramatical fight to break out for some mere pip! {image} Meanwhile, it looked like this {image} or this {image} and finally, after 4 hours to TP. {image} {image} US Bank holiday! Not much more to expect.

In today market condition did your system took any trades?
Thanks,
By failing to prepare, you are preparing to fail.
  • #1,204
  • Feb 16, 2016 5:23am Feb 16, 2016 5:23am
Quoting project13et
{quote} In today market condition did your system took any trades? Thanks,
Should not have been executed, "lbar"-filter just ignored!
Attached Image (click to enlarge)
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And 2 more on NZD:
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Click to Enlarge Name: Ashampoo_Snap_2016.02.16_18h46m51s_025_NZDCHF-M30.png Size: 55 KB

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That's all so far.
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,205
  • Feb 16, 2016 6:02am Feb 16, 2016 6:02am
Quoting JibalaPasan
{quote} Should not have been executed, "lbar"-filter just ignored! {image} And 2 more on NZD: {image} {image} That's all so far.
Good to know that my trading is not so restrictive. During Asia the volatility was quite mixed and today lot of news so nothing trigger in the morring.

NZDCHF was a manual trade? During that time was also the EUR news
By failing to prepare, you are preparing to fail.
  • #1,206
  • Feb 16, 2016 6:28am Feb 16, 2016 6:28am
Quoting project13et
{quote} Good to know that my trading is not so restrictive. During Asia the volatility was quite mixed and today lot of news so nothing trigger in the morring. NZDCHF was a manual trade? During that time was also the EUR news
All 3 orders in "auto" mode! AUDJPY got a nice signal even:
Attached Image (click to enlarge)
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AUDJPY, OP_BUY Order Details: Main Trend UP, BR: 1.00 (+/- 0.78), RS: 8.99 (+/- 7.21), BS: 8.46 (+/- 5.13), BS GAP: 7.16 (+/- 1.20)
NZDCHF, OP_SELL Order Details: Main Trend DOWN, BR: 0.00 (+/- 0.73), RS: -9.00 (+/- 6.89), BS: -3.33 (+/- 2.16), BS GAP: -1.85 (+/- 1.15)
NZDJPY, OP_SELL Order Details: Main Trend DOWN, BR: 0.00 (+/- 0.73), RS: -9.00 (+/- 6.86), BS: -5.80 (+/- 2.13), BS GAP: -2.98 (+/- 1.14)
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,207
  • Feb 16, 2016 8:16am Feb 16, 2016 8:16am
Quoting JibalaPasan
{quote} All 3 orders in "auto" mode! AUDJPY got a nice signal even: {image} AUDJPY, OP_BUY Order Details: Main Trend UP, BR: 1.00 (+/- 0.78), RS: 8.99 (+/- 7.21), BS: 8.46 (+/- 5.13), BS GAP: 7.16 (+/- 1.20) NZDCHF, OP_SELL Order Details: Main Trend DOWN, BR: 0.00 (+/- 0.73), RS: -9.00 (+/- 6.89), BS: -3.33 (+/- 2.16), BS GAP: -1.85 (+/- 1.15) NZDJPY, OP_SELL Order Details: Main Trend DOWN, BR: 0.00 (+/- 0.73), RS: -9.00 (+/- 6.86), BS: -5.80 (+/- 2.13), BS GAP: -2.98 (+/- 1.14)

Was a AUD news there, I am prefer to ban more time High Impact news. NZDCHF NZDJPY probability other trading style
By failing to prepare, you are preparing to fail.
  • #1,208
  • Feb 16, 2016 8:25am Feb 16, 2016 8:25am
Quoting JibalaPasan
{quote} Should not have been executed, "lbar"-filter just ignored! {image} And 2 more on NZD: {image} {image} That's all so far.
lol. Déjà vu & posted on the 00-level forum. This could have been me writing spaghetti code.

"lbar" as in no go if previous closed candle crossed the daily open ?

LuXing
Wisdom begins in wonder
  • #1,209
  • Feb 16, 2016 9:01am Feb 16, 2016 9:01am
Quoting LuXing
{quote} lol. Dj vu & posted on the 00-level forum. This could have been me writing spaghetti code. "lbar" as in no go if previous closed candle crossed the daily open ? LuXing
No, it has nothing to do with crossing the DO! It's just because of the bar length. lbar = last bar (also incl. current bar)
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,210
  • Feb 16, 2016 12:03pm Feb 16, 2016 12:03pm
Quoting JibalaPasan
{quote} All 3 orders in "auto" mode! AUDJPY got a nice signal even: {image} AUDJPY, OP_BUY Order Details: Main Trend UP, BR: 1.00 (+/- 0.78), RS: 8.99 (+/- 7.21), BS: 8.46 (+/- 5.13), BS GAP: 7.16 (+/- 1.20) NZDCHF, OP_SELL Order Details: Main Trend DOWN, BR: 0.00 (+/- 0.73), RS: -9.00 (+/- 6.89), BS: -3.33 (+/- 2.16), BS GAP: -1.85 (+/- 1.15) NZDJPY, OP_SELL Order Details: Main Trend DOWN, BR: 0.00 (+/- 0.73), RS: -9.00 (+/- 6.86), BS: -5.80 (+/- 2.13), BS GAP: -2.98 (+/- 1.14)
For CTB sheet do you use a Corel function and rolling BR , or you stop used the rolling BR.

Thanks,
By failing to prepare, you are preparing to fail.
  • #1,211
  • Feb 16, 2016 6:03pm Feb 16, 2016 6:03pm
Attached Image
Wisdom begins in wonder
  • #1,212
  • Feb 17, 2016 2:20am Feb 17, 2016 2:20am
Quoting JibalaPasan
{quote} No, it has nothing to do with crossing the DO! It's just because of the bar length. lbar = last bar (also incl. current bar)
How to avoid this false breakouts ? There was no PIV/FIB or any Supply / Demand level there. Lbar filter was on.

Quoting LuXing
{image}
And where is the joke?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURNZD.png Size: 107 KB
By failing to prepare, you are preparing to fail.
  • #1,213
  • Feb 17, 2016 2:56am Feb 17, 2016 2:56am
Quoting project13et
{quote} How to avoid this false breakouts ? There was no PIV/FIB or any Supply / Demand level there. Lbar filter was on. {quote} And where is the joke? {image} {image}
Hi project13,

what is the function of the range filter? Where did you find it?

Best regards.
  • #1,214
  • Feb 17, 2016 3:09am Feb 17, 2016 3:09am
Quoting Sniper1310
{quote} Hi project13, what is the function of the range filter? Where did you find it? Best regards.
It's a tool that have been developed just for visual and it's still under testing, don't have the time to adjust it but it should be a replicate for what nasap had back in days .
Range Filter by nasap. So the main idea can be found in 00 Level threat


The RSI it's not used in my trading at the moment. I thing is similar for Jib, she don't use the RSI.
By failing to prepare, you are preparing to fail.
  • #1,215
  • Feb 17, 2016 4:19am Feb 17, 2016 4:19am
[Quote = project13et; 8758733] {quote} ¿Cómo evitar esta falsas rupturas? No hubo PIV / FIB o cualquier nivel de Oferta / Demanda allí. Filtro LBAR estaba en marcha. {Quote} Y dónde está la broma? {Image} {image} [/ quote]

the same problem in EA.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30.png Size: 38 KB
Attached Image
  • #1,216
  • Feb 17, 2016 4:56am Feb 17, 2016 4:56am
A system without the ability to look back in time and to see how the trade was taken , and the exact moment of the market it's will not be a functional trading system.

So learning from mistakes my trades have been losses because of brokers. An advice be careful how you manipulate :00:00 import data, because some of brokers has the market close at that hour and open 2-3 minutes later , or the volatility is so big that you system will not understand anything from it.

Also from my experience DEMO accounts are not a exact copy of the real trading systems. So for a scalping strategy you always but always want to test everything on LIVE accounts. You can start with little amounts, but do it on real money account, the market it's moving different and there is other liquidity.
By failing to prepare, you are preparing to fail.
  • #1,217
  • Feb 17, 2016 5:59am Feb 17, 2016 5:59am
Quoting project13et
{quote} How to avoid this false breakouts ? There was no PIV/FIB or any Supply / Demand level there. Lbar filter was on. {quote} And where is the joke? {image} {image}
How to avoid false breakouts ?
I think you can´t.
I think that, because I am a believer of the Gaussian random walk theory.
False breakouts will happen, no matter how many fibs, pivots, S & D zones one plots on his charts.
Qualifying, quantifying breakouts and explain to an Excel sheet not to take the trade is really difficult (if not impossible) IMHO.
Quote Nasap it´s all about reducing and/or limiting your losses Unquote.
You can´t win them all, the only thing you can do is take a trade by maximizing your probabilities.
Maybe maximizing your probabilities should include a criterium not to take a trade at all if PA is within x pips of one of these "imaginary lines".
After all, there are so many trade opportunities in a 24h cycle that there´s no reason to pass on a trade if it does not comply with 100% of the user defined criteria...

Just my 2 cents.

LuXing
Wisdom begins in wonder
  • #1,218
  • Feb 17, 2016 6:02am Feb 17, 2016 6:02am
Quoting JibalaPasan
{quote} No, it has nothing to do with crossing the DO! It's just because of the bar length. lbar = last bar (also incl. current bar)
Thanks for clarifying, crystal clear.
I am using my own criteria for ABRs as well.

LuXing
Wisdom begins in wonder
  • #1,219
  • Feb 17, 2016 6:07am Feb 17, 2016 6:07am
Quoting LuXing
{quote} How to avoid false breakouts ? I think you cant. I think that, because I am a believer of the Gaussian random walk theory. False breakouts will happen, no matter how many fibs, pivots, S & D zones one plots on his charts. Qualifying, quantifying breakouts and explain to an Excel sheet not to take the trade is really difficult (if not impossible) IMHO. Quote Nasap its all about reducing and/or limiting your losses Unquote. You cant win them all, the only thing you can do is take a trade by maximizing your probabilities. Maybe maximizing your...

I had 4 wining trades there before the 2 one that hit the SL. My problem there was that the trade was taken very very late and this was something that I didn't understand why, for @JibalaPasan that trades if she got them , she probably get TP on them.

But like I said in my previous post need to pay attention to :00:00 import that because everything can get dirty there.
I terms of excel I didn't found any limitation until now, things that can be done in MT4 and can't be done in excel.

There are trades that can't be avoided and will be loses that is it, but that doesn't mean I don't have to make a depth analyze of them and see if I can do anything possible to improve and that avoid that happening again without affecting rest of trading style or winnings.
By failing to prepare, you are preparing to fail.
  • #1,220
  • Feb 17, 2016 7:05am Feb 17, 2016 7:05am
Quoting project13et
{quote} I had 4 wining trades there before the 2 one that hit the SL. My problem there was that the trade was taken very very late and this was something that I didn't understand why, for @JibalaPasan that trades if she got them , she probably get TP on them. But like I said in my previous post need to pay attention to :00:00 import that because everything can get dirty there. I terms of excel I didn't found any limitation until now, things that can be done in MT4 and can't be done in excel. There are trades that can't be avoided and will be loses...

"My problem there was that the trade was taken very very late and this was something that I didn't understand why"
Are you not recording your Excel on video ? You say the trade was taken very late, what exactly was keeping your Excel from firing the trades ?
Or do you know what was keeping it from taking the trade and you don´t understand why ?

"for @JibalaPasan that trades if she got them , she probably get TP on them."
Those are assumptions for now. It would depend on entry level, timing, TP level and a host of other things.

"I terms of excel I didn't found any limitation until now, things that can be done in MT4 and can't be done in excel. "
I was more referring to the arduous task of quantifying and qualifying false breakouts, rather than the process/formula of explaining it to Excel.
There´s indeed not much that cannot be done regarding Excel. See if one of these days I can write a macro and fire a trade and my Nespresso machine

"but that doesn't mean I don't have to make a depth analyze of them and see if I can do anything possible to improve"
Those were not my words. I agree, a trader should indeed do this.

LuXing
Wisdom begins in wonder
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