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MT4 Trading the GAP With Excel

  • #1,461
  • May 10, 2016 5:12pm May 10, 2016 5:12pm
Quoting JibalaPasan
{quote} For the algorithm a little hint from my side: remember how the strength is calculated. It uses a very rough algorithm. Just extend it to make it more smooth! I know this because it was my task to create this (one of the many) algorithm for the system. It has something like 1000 numbers! Nothing is proportional, each trigger is based on a special algorithm. Jibala
Great work jibala. I would like to use the system. Do you mind sharing it?
  • #1,462
  • May 11, 2016 4:14am May 11, 2016 4:14am
Thx again Jibala.I'm carefully reading your hints.

The core of your system is so good that even a rough Market Strenght proportional calculation for trigger values could lead to profitable trades,as shown in my attachments.All trades taken from Excel Signals after London Opening.Please notice today was very easy to trade,with super Yen and weak GBP.

Currently my Filter is too much rough,calculation and trading signals are good from 2.0 up to 3.0 Market strenght readings,but I get too much higher trigger values for RS when Market Strenght exceeds the 3.0 value.
I will keep on refining this filter,and I will be eagerly waiting for your next posts,especially when showing AMS=Market strenght together with the usual triggers in the brackets.

I know you use some price action filters,such as Pivot(all the Daily levels,and only the main pivot for Weekly and Monthly ) and Daily Fibo.

I'd like to know your opinion about previous H4 closed candle High and Low values,'cos I mainly trade London first 2 hours,and very often these values align with Asian session high and low.But I don't wanna add too much filters,'cos I've noticed that most of the Excel Signals are strong enough to break every barrier.

And sooner or later I will add Tokyo session to my trades,any hint is appreciated.

p.s.
3 additional winners on GBPUSD_GBPCAD_CHFJPY_sells, while writing this post,lol. SL35 TP8.No trailing stop.
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DO UT DES
  • #1,463
  • May 11, 2016 6:05am May 11, 2016 6:05am
I am new to this thread, it looks really interesting.

I am trying to find a place to start with the basics of Gap theory.

I read the PDF of Maria's ideas and it refers to Gap but doesn't explain what it is or how it is calculated. I also read back from the start of the Dashboard Trading thread but cant find it explained there either.

Would be hugely grateful if anyone could show me a link to where I can find the beginning of the concept - I've looked back through threads but just can't pin it down.
  • #1,464
  • May 11, 2016 8:29am May 11, 2016 8:29am
Quoting the bourne
I'd like to know your opinion about previous H4 closed candle High and Low values,'cos I mainly trade London first 2 hours,and very often these values align with Asian session high and low.But I don't wanna add too much filters,'cos I've noticed that most of the Excel Signals are strong enough to break every barrier.
You are doing pretty good already! Filters are good, useful and important to prevent from false actions. But not all can be filtered hence, you must know what filters for which time frames you have to use.

Last night between 11pm - 1am:
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Usually there are no automated trades during this time and if you look at the screens you already know the reason why!

Today once again a trade was taken manually:
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And once again the timing was almost perfect.
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See the Gaps in GBP and CAD? Blue pointer is the old value, brownish the current.
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GBPCAD, OP_SELL 1.85903 SL 1.86253 TP 1.8577

Order Details: Main Trend DOWN, BR: 0.00 (+/- 0.76), RS: -8.86 (+/- 7.09), BS: -4.10 (+/- 4.33), BS GAP: -2.75 (+/- 0.45), APS: -2.64, AMS: 3.22, BSR: 39.29% / 60.71% (71.53%), Bs&Bs: 0.00 / 0.00 (+/- 0.72)

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,465
  • May 11, 2016 8:38am May 11, 2016 8:38am
Quoting lemna
I am new to this thread, it looks really interesting. I am trying to find a place to start with the basics of Gap theory. I read the PDF of Maria's ideas and it refers to Gap but doesn't explain what it is or how it is calculated. I also read back from the start of the Dashboard Trading thread but cant find it explained there either. Would be hugely grateful if anyone could show me a link to where I can find the beginning of the concept - I've looked back through threads but just can't pin it down.
If it is not explained there by the origin author of the GAP theory I am wondering how we members of this group know about it and what do we talk about in almost 1.5k posts?

But Maria's GAP theory is only one of many, explained here and in the Dashboard threads.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,466
  • Edited 10:48am May 11, 2016 10:19am | Edited 10:48am
I am still finding it difficult to get the explanation of gap and how to use it to trade profitably, even after reading pdf from maria. I will be very grateful if anyone can give pedagogical explanation of the meaning of gap and how to use it in trading.
Thanks
  • #1,467
  • May 11, 2016 11:11am May 11, 2016 11:11am
Quoting JibalaPasan
{quote} You are doing pretty good already! Filters are good, useful and important to prevent from false actions. But not all can be filtered hence, you must know what filters for which time frames you have to use. Last night between 11pm - 1am: {image} {image} {image} Usually there are no automated trades during this time and if you look at the screens you already know the reason why! Today once again a trade was taken manually: {image} {image} And once again the timing was almost perfect. {image} See the Gaps in GBP and CAD? Blue pointer is the...
I think I'll be in Stupid question, but where I find the excel spreadsheet image post # 1464. I have a follow-up work already using the strength of currencies http://www.forexfactory.com/showthread.php?p=8894096# post8894096, but surely this material is much more complete.

Grateful
  • #1,468
  • May 11, 2016 12:16pm May 11, 2016 12:16pm
Quoting Carneiro
{quote} I think I'll be in Stupid question, but where I find the excel spreadsheet image post # 1464. I have a follow-up work already using the strength of currencies http://www.forexfactory.com/showthread.php?p=8894096# post8894096, but surely this material is much more complete. Grateful
Robinho,
it is not shared and it will never be.
DO UT DES
  • #1,469
  • May 11, 2016 12:28pm May 11, 2016 12:28pm
Quoting the bourne
{quote} Robinho, it is not shared and it will never be.
Thank you friend, I wonder if it is sold,,, it has not follow it without the same stuff ... but oh well,,, I am grateful for everything. We learned always JibalaPasan.
  • #1,470
  • May 11, 2016 6:21pm May 11, 2016 6:21pm
Quoting victorezeaku
I am still finding it difficult to get the explanation of gap and how to use it to trade profitably, even after reading pdf from maria. I will be very grateful if anyone can give pedagogical explanation of the meaning of gap and how to use it in trading. Thanks
With a little bit more of showing your interest and using the search function you can find lots of information!

http://www.forexfactory.com/showthre...89#post8403289
http://www.forexfactory.com/showthre...34#post8403434
http://www.forexfactory.com/showthre...07#post8406207
http://www.forexfactory.com/showthre...24#post8416924
http://www.forexfactory.com/showthre...77#post8416977
http://www.forexfactory.com/showthre...42#post8417242
http://www.forexfactory.com/showthre...61#post8439461
http://www.forexfactory.com/showthre...82#post8439482
http://www.forexfactory.com/showthre...64#post8693464


Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,471
  • May 11, 2016 6:35pm May 11, 2016 6:35pm
Still 2 trades from yesterday and manual:
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EURUSD, OP_BUY Order Details: Main Trend UP, BR: 0.87 (+/- 0.77), RS: 6.59 (+/- 7.12), BS: 4.93 (+/- 2.20), BS GAP: -0.77 (+/- 0.45), APS: 4.06, AMS: 3.14
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USDCAD, OP_SELL Order Details: Main Trend DOWN, BR: 0.00 (+/- 0.77), RS: -9.00 (+/- 7.13), BS: -5.16 (+/- 2.21), BS GAP: -2.92 (+/- 0.45), APS: -5.73, AMS: 3.10

And the first for today automated execution:
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AUDUSD, OP_SELL Order Details: Main Trend DOWN, BR: 0.00 (+/- 0.78), RS: -9.00 (+/- 7.19), BS: -7.66 (+/- 4.55), BS GAP: -8.47 (+/- 0.45), APS: -39.50, AMS: 2.94

Have a nice day all together!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,472
  • May 12, 2016 1:15am May 12, 2016 1:15am
2 more trades while I was sleeping
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NZDUSD, OP_BUY Order Details: Main Trend UP, BR: 1.00 (+/- 0.76), RS: 8.99 (+/- 7.05), BS: 6.16 (+/- 4.21), BS GAP: 8.86 (+/- 0.45), APS: 3.48, AMS: 3.39
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AUDNZD, OP_SELL Order Details: Main Trend DOWN, BR: 0.00 (+/- 0.74), RS: -8.93 (+/- 6.96), BS: -5.75 (+/- 4.01), BS GAP: -2.54 (+/- 0.45), APS: -59.00, AMS: 3.66

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,473
  • May 12, 2016 5:47am May 12, 2016 5:47am
Today trades, because I am very confident about my trading system, and most of my trades could get more pips, I switch to an experimental TP from trailing stop.

This is risky and the change has been made after study lot of my trades.
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By failing to prepare, you are preparing to fail.
  • #1,474
  • May 12, 2016 6:04am May 12, 2016 6:04am
GBP direction according to @JibalaPasan rulls hope I didn't miss anything
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By failing to prepare, you are preparing to fail.
  • #1,475
  • May 12, 2016 6:39am May 12, 2016 6:39am
Quoting project13et
Today trades, because I am very confident about my trading system, and most of my trades could get more pips, I switch to an experimental TP from trailing stop. This is risky and the change has been made after study lot of my trades. {image}
If your performance is good already, it must become stable. Don't ask for more always. A steady and average performance is better than the wild ups and downs! Don't be greedy, fifo (fast in fast out) is a pretty good strategy for the small pips.

One more for today in auto mode:
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CADJPY, OP_BUY Order Details: Main Trend UP, BR: 1.00 (+/- 0.76), RS: 8.99 (+/- 7.05), BS: 7.10 (+/- 4.23), BS GAP: 2.07 (+/- 0.45), APS: 36.50, AMS: 3.35

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,476
  • May 12, 2016 6:59am May 12, 2016 6:59am
Quoting JibalaPasan
{quote} If your performance is good already, it must become stable. Don't ask for more always. A steady and average performance is better than the wild ups and downs! Don't be greedy, fifo (fast in fast out) is a pretty good strategy for the small pips. One more for today in auto mode: {image} {image} {image} {image} CADJPY, OP_BUY Order Details: Main Trend UP, BR: 1.00 (+/- 0.76), RS: 8.99 (+/- 7.05), BS: 7.10 (+/- 4.23), BS GAP: 2.07 (+/- 0.45), APS: 36.50, AMS: 3.35 Jibala


Nice !!!

LuXing
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Wisdom begins in wonder
  • #1,477
  • May 12, 2016 7:03am May 12, 2016 7:03am
Quoting LuXing
{quote} Nice !!! LuXing {image} {image}


The base for the system was the WUKAR also known as the 00-level-system!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,478
  • May 12, 2016 7:06am May 12, 2016 7:06am
Quoting JibalaPasan
{quote} The base for the system was the WUKAR also known as the 00-level-system! Jibala
Well, what can I say ?
It rocks Jibala. Many thanks again !!!

Happy trading.

LuXing
Wisdom begins in wonder
  • #1,479
  • May 12, 2016 7:15am May 12, 2016 7:15am
Quoting JibalaPasan
{quote} The base for the system was the WUKAR also known as the 00-level-system! Jibala

You're trading system is far away from 00 level , and most probably you have different trading styles, maybe 00 level old system , and new system with gap etc.

But there is always the question that can't let me sleep at night was not an old post about correlation that use a buffer, and there is no time frame related. I can't find that post anymore ...

@nasap said raw tick data, we know from other forums where she was active that was including a current price to previous prices array.

Is that the raw tick, or if is a buffer should be like a renko system, at X ticks measure the movement.
You and @nasap give example of correlation periods but never confirm you use any period , everything come in contradiction, live data without time frame period , or period?

I thing this is the most challenge quest here and the biggest mystery on the whole forum maybe one day get solved when new students will be welcome
By failing to prepare, you are preparing to fail.
  • #1,480
  • May 12, 2016 8:43am May 12, 2016 8:43am
Quoting project13et
{quote} You're trading system is far away from 00 level , and most probably you have different trading styles, maybe 00 level old system , and new system with gap etc. But there is always the question that can't let me sleep at night was not an old post about correlation that use a buffer, and there is no time frame related. I can't find that post anymore ... @nasap said raw tick data, we know from other forums where she was active that was including a current price to previous prices array. Is that the raw tick, or if is a buffer should be like...
@project13et
I know you way ahead customizing your excel...please can you give me a hint on how to get strength[2]
Attached Image

Previously thought it was the sync below
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If it is...then how do I make it range between -9.00 to 9.00 incrementing on every 0.01. Thanks
GAP strategy is just too potent to be left alone...all 10 trades i've taken so far testing dtlase's signal from excel all ended in profits(demo)
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