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Atheer's master trading method

  • #81
  • May 23, 2016 12:38pm May 23, 2016 12:38pm
Hello Atheer. I put together an indicator that generates signals pursuant to your rules. The indicator is attached along with a revised copy of SweetSpots. The revised SweetSpots draws the lines on even pip boundaries. i.e. 1.3350, 1.3360, 1.3370, etc. Instead of 1.3352, 1.3362, etc.

The indicator has the following external inputs that require explanation:

1. sublevels is the spacing between SweetSpot lines in PIPS, not points. !0 pips for a H1 chart and 1 pip for a M1 chart.
2. Candle_1_BB_Rule_Enable -- this enables your rule for Bolinger Lines. The first candle must have the upper or lower BB line within its range. Must be a bear candle for the lower BB line and a bull candle for the upper BB line.
3. Candle_1_SS_Rule_Enable -- this enables your rule for a SweetSpot line within the body of Candle 1.
4. Cabdle_2_Rule_Enable -- this enables your Candle 2 rule which requires the 2nd candle to be a bull/bear candle and close above/below Candle 1 open.

The signal appears on the Candle 2 bar, and an alert is available at the close of candle 2, if enabled.

You can enable the three switches one at a time to convince yourself that the logic is correct. When all three are enabled you get signals pursuant to the three rules. The SweetSpot lines are calculated in accordance with the even line boundaries produced by the revised version of SweetSpot which I have attached.

Let me know if you agree that this is working correctly. Looks like a lot more losers than winners.
Attached File(s)
File Type: ex4 ###Atheers_Signals.v1.0.ex4   19 KB | 496 downloads
File Type: ex4 SweetSpots GOLD.v1.1.ex4   11 KB | 459 downloads
File Type: mq4 SweetSpots GOLD.v1.1.mq4   4 KB | 530 downloads
  • #82
  • May 23, 2016 12:43pm May 23, 2016 12:43pm
Quoting nikki
Atheer, One thing I am not sure about is: How close to a line can the master candle close? You say "not equal", but how close to the line is ok? Regards nikki
even a point=0.00001 is enough
atheer1
  • #83
  • May 23, 2016 12:44pm May 23, 2016 12:44pm
Mix and Match, using the Genius Minds available here. I use Atheer Example 1 for the entry, and then Median's Trailing SL idea, as well and implementing the MFI.

This is a screenshot (Yes, hand picked) of Friday action on EurJpy M15. The fact that it is hand picked should not be taken lightly, as you will see these all over your charts. I simply choose this one because it was a great example on how potential set ups can progress.

Depending on how big your stop needs to be, simply adjust your position size.

If you have any questions, or comments, or any ideas on how to Plus this use of the method, please don't hesitate to add your 2¢ worth. LOL
Attached Image (click to enlarge)
Click to Enlarge Name: EJ May 20.png Size: 82 KB
  • #84
  • May 23, 2016 1:01pm May 23, 2016 1:01pm
Quoting Ryder
Hello Atheer. I put together an indicator that generates signals pursuant to your rules. The indicator is attached along with a revised copy of SweetSpots. The revised SweetSpots draws the lines on even pip boundaries. i.e. 1.3350, 1.3360, 1.3370, etc. Instead of 1.3352, 1.3362, etc. The indicator has the following external inputs that require explanation: 1. sublevels is the spacing between SweetSpot lines in PIPS, not points. !0 pips for a H1 chart and 1 pip for a M1 chart. 2. Candle_1_BB_Rule_Enable -- this enables your rule for Bolinger Lines....
Hello Ryder,
Thanks for your contribution,appreciate that..............
I will check and let you know
atheer1
  • #85
  • May 23, 2016 1:06pm May 23, 2016 1:06pm
Quoting diamonddbw
Mix and Match, using the Genius Minds available here. I use Atheer Example 1 for the entry, and then Median's Trailing SL idea, as well and implementing the MFI. This is a screenshot (Yes, hand picked) of Friday action on EurJpy M15. The fact that it is hand picked should not be taken lightly, as you will see these all over your charts. I simply choose this one because it was a great example on how potential set ups can progress. Depending on how big your stop needs to be, simply adjust your position size. If you have any questions, or comments,...
atheer1
  • #86
  • May 23, 2016 1:22pm May 23, 2016 1:22pm
Current M15 Trade
Attached Image (click to enlarge)
Click to Enlarge Name: EJ May 22.png Size: 67 KB
  • #87
  • May 23, 2016 2:03pm May 23, 2016 2:03pm
Quoting Ryder
Hello Atheer. I put together an indicator that generates signals pursuant to your rules. The indicator is attached along with a revised copy of SweetSpots. The revised SweetSpots draws the lines on even pip boundaries. i.e. 1.3350, 1.3360, 1.3370, etc. Instead of 1.3352, 1.3362, etc. The indicator has the following external inputs that require explanation: 1. sublevels is the spacing between SweetSpot lines in PIPS, not points. !0 pips for a H1 chart and 1 pip for a M1 chart. 2. Candle_1_BB_Rule_Enable -- this enables your rule for Bolinger Lines....
lot of wrong identification of master candle
1st bug master candle close should not be equal to line value
2nd bug upper/lower wick many identified signals master candle is wrong because upper/lower wick did not pass a line
atheer1
  • #88
  • May 23, 2016 2:35pm May 23, 2016 2:35pm
Here is a great hint of this method:

***Master candle formed
***Trigger candle formed
***Third candle formed same color as trigger
***On one hour chart you will win 50,100,150,200 and so on
***On one minute chart you will win 10,20,30,40........and so on
***but mostly the 1st part is a winner

I call this 'prognosis of the master method trade'
atheer1
  • #89
  • May 23, 2016 2:54pm May 23, 2016 2:54pm
Quoting atheer1
{quote} lot of wrong identification of master candle 1st bug master candle close should not be equal to line value 2nd bug upper/lower wick many identified signals master candle is wrong because upper/lower wick did not pass a line
This is not what the .docx document in Post 1 says. Can you modify the .docx word document to clearly stata the master candle requirement? Thank you Atheer.
  • #90
  • May 23, 2016 2:57pm May 23, 2016 2:57pm
Quoting Ryder
{quote} This is not what the .docx document in Post 1 says. Can you modify the .docx word document to clearly stata the master candle requirement? Thank you Atheer.
I will do that,though it was stated some where in the thread.
Thanks Ryder
atheer1
  • #91
  • May 23, 2016 3:11pm May 23, 2016 3:11pm
Quoting atheer1
{quote} even a point=0.00001 is enough
Ok, thanks!
  • #92
  • May 23, 2016 4:00pm May 23, 2016 4:00pm
Quoting Ryder
{quote} This is not what the .docx document in Post 1 says. Can you modify the .docx word document to clearly stata the master candle requirement? Thank you Atheer.
1st post is updated with master candle identification guide
atheer1
  • #93
  • May 23, 2016 4:06pm May 23, 2016 4:06pm
Quoting Ryder
Hello Atheer. I put together an indicator that generates signals pursuant to your rules. The indicator is attached along with a revised copy of SweetSpots. The revised SweetSpots draws the lines on even pip boundaries. i.e. 1.3350, 1.3360, 1.3370, etc. Instead of 1.3352, 1.3362, etc. The indicator has the following external inputs that require explanation: 1. sublevels is the spacing between SweetSpot lines in PIPS, not points. !0 pips for a H1 chart and 1 pip for a M1 chart. 2. Candle_1_BB_Rule_Enable -- this enables your rule for Bolinger Lines....
Thank you Atheer for sharing your knowledge. I am learning a lot.

Also, thank you Ryder for your contribution. I would appreciate it if the next version would allow us to change the BB settings.
  • #94
  • May 23, 2016 4:20pm May 23, 2016 4:20pm
Quoting StudyFX
{quote} Thank you Atheer for sharing your knowledge. I am learning a lot. Also, thank you Ryder for your contribution. I would appreciate it if the next version would allow us to change the BB settings.
Not at all
atheer1
  • #95
  • May 23, 2016 4:36pm May 23, 2016 4:36pm
Attached Image (click to enlarge)
Click to Enlarge Name: 304.png Size: 65 KB
atheer1
  • #96
  • May 23, 2016 4:47pm May 23, 2016 4:47pm
Attached Image (click to enlarge)
Click to Enlarge Name: 305.png Size: 53 KB
atheer1
  • #97
  • May 23, 2016 4:53pm May 23, 2016 4:53pm
Attached Image (click to enlarge)
Click to Enlarge Name: 306.png Size: 59 KB
atheer1
  • #98
  • May 23, 2016 7:39pm May 23, 2016 7:39pm
Unclear if Master Candle is within rule. Lower wick and body, penetrated 10 pip line. Trade is still live with 1st TP hit. Stop is @ BE. Next level is 1.5564, where I'll move my stop to +16.
Attached Image (click to enlarge)
Click to Enlarge Name: EurAud May 23.png Size: 46 KB
  • #99
  • May 23, 2016 7:49pm May 23, 2016 7:49pm
Quoting diamonddbw
Current M15 Trade {image}
++++++++++++++++++++++++++++++++

Earlier EurJpy trade went nowhere. At beginning of Tokyo yens began to fall so was lucky enough to get out @ BE
  • #100
  • May 23, 2016 7:50pm May 23, 2016 7:50pm
Quoting diamonddbw
Unclear if Master Candle is within rule. Lower wick and body, penetrated 10 pip line. Trade is still live with 1st TP hit. Stop is @ BE. Next level is 1.5564, where I'll move my stop to +16. {image}
it is 15 minutes OK
Master candle is not OK
Glad it worked for you
atheer1
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