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Trading is as simple as ABCD

  • #10,221
  • May 27, 2016 3:17pm May 27, 2016 3:17pm
Nice charts Clive, thanks once again for sharing.

Here is a M6 Renko Chart Live at 4:15 New York Session May 27

7LWMA -- Zigs & Zags for SL Placement (I have not traded this)

Attached Image (click to enlarge)
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True Grit!
  • #10,222
  • May 28, 2016 6:09am May 28, 2016 6:09am
Hey Clive, what kind of trending suits your system best? Gentle? or slightly more erratic (but still trending)?

EurJpy yesterday;

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vs EurUsd (particularly the gentle trending within red circle);

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does one throw up more trades than the other? or would the gentle trend keep you in longer?
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #10,223
  • May 28, 2016 8:36am May 28, 2016 8:36am
Quoting clivepackham
No need for words just four little letters ABCD....... {image} See how simple it is?? The 35 LWMA does all the work for you with a little help from the CCI to identify your entry point C....
Hi CLIVE,

Your post 8309 page 416

I did not find your indies and template... could you post them? I willing to try your method in a Demo account. (sorry to bother you with this issue... but I was unable to find them even in the paper clip). Tks...
  • #10,224
  • May 28, 2016 10:01am May 28, 2016 10:01am
Quoting hards
Nice charts Clive, thanks once again for sharing. Here is a M6 Renko Chart Live at 4:15 New York Session May 27 7LWMA -- Zigs & Zags for SL Placement (I have not traded this) {image}
Hello hards, can you share the indicator show the price tag with the range ?
  • #10,225
  • Edited May 29, 2016 10:03am May 28, 2016 11:05am | Edited May 29, 2016 10:03am
Sure Steve,

Here ya go

Description:
A simple mark on a chart predicts the future candle close, so a manual trader/scalper can easily monitor the chart, how far the candle can go before it closes.
This code works for Renko, mean (medium) Renko and range bars offline charts only.
Attached File(s)
File Type: zip Renko-Trade-Assistant (1).zip   25 KB | 396 downloads
True Grit!
  • #10,226
  • May 29, 2016 5:24am May 29, 2016 5:24am
Hello everyone,

First of all I would like to say thanks to clive for this thread & everyone else who's contributed. Im new to the game & have been trading on a demo account...so far so good. Im basically using support/resistance along with PM & certain cross-overs. I am testing the waters so I expect to be whipsawed out of place sooner rather than later. The good thing is even though it's only a demo I feel the pain as well as the joy lol! seriously. I find that having a s/l too low doesn't help...quite often it reaches it but springs back there & then or soon after.

I use the 15min chart but was considering the 1hr also. Having read about this abcd strategy I think it makes sense so I would love to see how could it help with my trades. Maybe I can trade on different timeframes. This thread has been alive for years & without sounding rude I don't have the time to read each post just now. Was wondering if anyone can quickly provide an up to date summary of this strategy as well as any indicators .mq4 (can't open .ex file) I need to implement it.

Im happy to test it along with my current so called 'strategy' lol! & post any results & thoughts.

Thanks
who dares wins
  • #10,227
  • May 29, 2016 5:32am May 29, 2016 5:32am
Quoting MasterJedi
Hello everyone, First of all I would like to say thanks to clive for this thread & everyone else who's contributed. Im new to the game & have been trading on a demo account...so far so good. Im basically using support/resistance along with PM & certain cross-overs. I am testing the waters so I expect to be whipsawed out of place sooner rather than later. The good thing is even though it's only a demo I feel the pain as well as the joy lol! seriously. I find that having a s/l too low doesn't help...quite often it reaches it but springs back there...
read the first post. It is a one minute or Range bar/renko trading system.
every Saint has a past. Every Sinner has a Future
  • #10,228
  • May 29, 2016 5:59am May 29, 2016 5:59am
Quoting turnip15
{quote} read the first post. It is a one minute or Range bar/renko trading system.
Thanks turnip. I read the first 40 pages or so & was wondering if there might have been any changes or updates. Besides I can't open .ex files so I can't access those indicators. Anyone have them in .mq format?
who dares wins
  • #10,229
  • May 29, 2016 11:49am May 29, 2016 11:49am
Has anyone tested the Accelerator Oscillator (AC)?

Description:
Price is the latest element to change. Prior to price changes, the market driving force changes its direction, the driving force acceleration must slow down and reach zero. After that it starts accelerating in the opposite direction until price starts changing its direction.
Acceleration/Deceleration technical indicator (AC) measures acceleration and deceleration of the current driving force. This indicator will change direction before any changes in the driving force, which will change its direction before the price. If you realize that Acceleration/Deceleration is a signal of an earlier warning, it gives you evident advantages.

The zero line is basically the spot where the driving force is at balance with the acceleration. If Acceleration/Deceleration is higher than zero, then it is usually easier for the acceleration to continue the upward movement (and vice versa in cases when it is below zero). Unlike in case with Awesome Oscillator, it is not regarded as a signal when the zero line is crossed. The only thing that needs to be done to control the market and make decisions is to watch for changes in color. Remember: Do not buy with the help of Acceleration/Deceleration, when the current column is colored red, and do not sell, when the current column is colored green.
If you enter the market in the direction of the driving force (the indicator is higher than zero, when buying, or it is lower than zero, when selling), then you need only two green columns to buy (two red columns to sell). If the driving force is directed against the position to be opened (indicator below zero for buying, or higher than zero for selling), a confirmation is needed, hence, an additional column is required. In this case the indicator is to show three red columns over the zero line for a short position and three green columns below the zero line for a long position.
Image:

https://c.mql5.com/18/0/ac.png

Calculation:
AC bar chart is the difference between the value of 5/34 of the driving force bar chart and 5-period simple moving average, taken from that bar chart.

MEDIAN PRICE = (HIGH + LOW) / 2
AO = SMA (MEDIAN PRICE, 5) - SMA (MEDIAN PRICE, 34)
AC = AO - SMA (AO, 5)
where:

  1. MEDIAN PRICE - median price;
  2. HIGH - the highest price of the bar;
  3. LOW - the lowest price of the bar;
  4. SMA - Simple Moving Average;
  5. AO - Awesome Oscillator.

Attached File(s)
File Type: zip 5_en (1).zip   2 KB | 346 downloads
File Type: zip AC.zip   2 KB | 346 downloads
True Grit!
  • #10,230
  • May 30, 2016 11:35am May 30, 2016 11:35am
Quoting Idris.Brazil
{quote} Hi CLIVE, Your post 8309 page 416 I did not find your indies and template... could you post them? I willing to try your method in a Demo account. (sorry to bother you with this issue... but I was unable to find them even in the paper clip). Tks...
Hi Idris,
As you know Clive is on holidays in the mean time a few posts to check.
8,891. 8,898. 8,899. 9,001. links to indies and template.
9,732. Update by Clive.
8,353. Entries by Clive.
10,220. Clive looking at GBP/USD. Clive is always adapting his trading.
Good trading.
Galatians VI As you sow so shall you reap.
  • #10,231
  • May 30, 2016 3:24pm May 30, 2016 3:24pm
Quoting thomond
{quote} Hi Idris, As you know Clive is on holidays in the mean time a few posts to check. 8,891. 8,898. 8,899. 9,001. links to indies and template. 9,732. Update by Clive. 8,353. Entries by Clive. 10,220. Clive looking at GBP/USD. Clive is always adapting his trading. Good trading.

Hi THOMOND,

Tks for your kindly reply.!!!
  • #10,232
  • Jun 4, 2016 3:31am Jun 4, 2016 3:31am
Hi Clide, just want to know if this method is good for 1H, 4H, and Daily charts? and if It's ok to use on majority of major pairs.

Also wondering if you still use the ABCD method or if you completely left that and just use the LWMA methods now?
  • #10,233
  • Jun 8, 2016 5:00pm Jun 8, 2016 5:00pm
Quoting hards
Has anyone tested the Accelerator Oscillator (AC)? Description: Price is the latest element to change. Prior to price changes, the market driving force changes its direction, the driving force acceleration must slow down and reach zero. After that it starts accelerating in the opposite direction until price starts changing its direction. Acceleration/Deceleration technical indicator (AC) measures acceleration and deceleration of the current driving force....
With all the turmoil caused by the Brexit polls, been having a look at a TRENDING MARKET US-OIL
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  • #10,234
  • Jun 9, 2016 6:18am Jun 9, 2016 6:18am
Well not traded it to well, but followed there Footprints just bailed before it hit the 200ema so only + 18 pips
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  • #10,235
  • Jun 9, 2016 6:41am Jun 9, 2016 6:41am
Sorry not to confuse anyone they are 15min charts because I have a 5pip spread
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  • #10,236
  • Jun 9, 2016 7:06am Jun 9, 2016 7:06am
Story of my life, building Daily range nicely, but I got off at the 1st stop hahahaha
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  • #10,237
  • Jun 9, 2016 7:16am Jun 9, 2016 7:16am
@hards: I had a look to AC, but I am not sure if it gives more information than MA or MACD.
@OAPDave: how are you using AC ?
  • #10,238
  • Jun 9, 2016 7:35am Jun 9, 2016 7:35am
Quoting mg64ve
@hards: I had a look to AC, but I am not sure if it gives more information than MA or MACD. @OAPDave: how are you using AC ?
Hi, I just use it as part of the overall Bill Williams set of indicators on bigger timeframe charts, maybe just to spot Divergence and to help with the bigger picture, to be fair its not that important to my entries, just carry it as a template just like Guppy, Pivots, Daily Range and a few more.
  • #10,239
  • Jun 9, 2016 8:22am Jun 9, 2016 8:22am
Some days it works , some days it don't, some days works better than others, but all that said you have to laugh (at yourself in my case)
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  • #10,240
  • Jun 9, 2016 11:27am Jun 9, 2016 11:27am
Anyone have any thoughts, are we getting ready for a resumption of the up trend ?
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