MT4 Trading the GAP With Excel | Page 100 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MT4 to Excel through Excel RTD (Finally!) 612 replies

Trading using Excel and MT4? 29 replies

MT4 Trading without GAP and without Excel 669 replies

How to copy profiles in MT4? How to use Excel with MT4? 7 replies

Integration between excel and MT4 prices 3 replies

Attachments: MT4 Trading the GAP With Excel
Exit Attachments

MT4 Trading the GAP With Excel

  • #1,981
  • Jun 29, 2016 10:22am Jun 29, 2016 10:22am
Quoting LFN
{quote} Hi. How big is your "no trading zone" around daily Pivot and S & R levels?
This parameter is related to my current TP and to Market Volatility
today,with a 27 SL and TP 9,the No trading zone i.e. for a BUY was 10 pips below and 4 pips above the Pivot and Fibo levels.

My score for today,total 11 trades,1 loser(sorry missing 1 of the GBPUSD trades in the Report snapshot)

90.9 %

I still have to improve the quality of my signals, be informed that I STILL DO not use Correlation for my entries,that will be my next mission
EURJPY trade hitted my SL at 27 pips,it has gone 37 pips against my BUY before going up
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPYM15.png Size: 63 KB
Click to Enlarge Name: EURJPYM15.png Size: 48 KB
Click to Enlarge Name: GBPCHFM15.png Size: 50 KB
Click to Enlarge Name: GBPJPYM15.png Size: 50 KB
Click to Enlarge Name: GBPUSDM15.png Size: 63 KB
Click to Enlarge Name: 29_JUNE.png Size: 64 KB
DO UT DES
  • #1,982
  • Jun 29, 2016 10:25am Jun 29, 2016 10:25am
Quoting JibalaPasan
{quote} Absolutely nothing! The power comes from GAP, momentum and correlation.
But how to better filter trend vs counter trend's ?, because the fast GC GD can offer a false signal for counter trend in a very strong trend move.

Can we assume if sync is still there not good enough for a counter trend yet?
By failing to prepare, you are preparing to fail.
  • #1,983
  • Jun 29, 2016 10:28am Jun 29, 2016 10:28am
Quoting project13et
{quote} But how to better filter trend vs counter trend's ?, because the fast GC GD can offer a false signal for counter trend in a very strong trend move. Can we assume if sync is still there not good enough for a counter trend yet?
What does it stand for?
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,984
  • Jun 29, 2016 10:33am Jun 29, 2016 10:33am
Quoting JibalaPasan
{quote} What does it stand for?
The Momentum and Correlation, because they are on very short time frames period, can give a counter trend signal wich could not be enough to reach the TP because the trend is still strong, and is not a fully counter trend just a temporary retracement (pullback) before the trend continues his move.
By failing to prepare, you are preparing to fail.
  • #1,985
  • Jun 29, 2016 10:54am Jun 29, 2016 10:54am
Quoting project13et
{quote} The Momentum and Correlation, because they are on very short time frames period, can give a counter trend signal wich could not be enough to reach the TP because the trend is still strong, and is not a fully counter trend just a temporary retracement (pullback) before the trend continues his move.
GD = GAP Direction
GC = GAP Correlation

I never was talking about a counter trend but a counter trade. A counter trend expects a turning point while a counter trade is just a pullback. Depending on your TP (if it's related to ADR which is actually very high you must reduce it) it should hit TP in >90%. That's the rate you need for such a system because of it's RR. That all requires that your dependencies and calculations are 100% correct!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,986
  • Jun 29, 2016 11:08am Jun 29, 2016 11:08am
Quoting JibalaPasan
{quote} GD = GAP Direction GC = GAP Correlation I never was talking about a counter trend but a counter trade. A counter trend expects a turning point while a counter trade is just a pullback. Depending on your TP (if it's related to ADR which is actually very high you must reduce it) it should hit TP in >90%. That's the rate you need for such a system because of it's RR. That all requires that your dependencies and calculations are 100% correct! Jibala

Is GD GC enough to measure the momentum of a counter trade ? I still have trades that are taken and get 0 in profit with very big drop down, how to know if trend could have a good counter trade opportunity ? Very easy to measure that visual in Spaghetti because you can see how strong was the previous move, and like you teach us the "fibo" level's could also be good turning points. Should something like this be included in the counter trade ?

Some of the worst trades, specially AUDJPY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 179 KB
Click to Enlarge Name: 2.png Size: 179 KB
By failing to prepare, you are preparing to fail.
  • #1,987
  • Jun 29, 2016 12:06pm Jun 29, 2016 12:06pm
Quoting project13et
{quote} Is GD GC enough to measure the momentum of a counter trade ? I still have trades that are taken and get 0 in profit with very big drop down, how to know if trend could have a good counter trade opportunity ? Very easy to measure that visual in Spaghetti because you can see how strong was the previous move, and like you teach us the "fibo" level's could also be good turning points. Should something like this be included in the counter trade ? Some of the worst trades, specially AUDJPY {image} {image}
The question is, what did you measure that you got a sell signal? On my chart you see my entry on the same candle (1) but opposite direction. You lost it, I took it.
Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.06.29_13h57m57s_091_.png Size: 59 KB

To be fair, it couldn't go short because it was still blocked by the first buy order and I can't say if at this point of time there was a sell signal. You just have to do more analyses. Watch the spaghetti chart, take entries manually and find out what levels your indicators must have for a good entry. But you always have to keep on mind that even then there is no warranty for a winning trade!
Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.06.29_18h43m46s_108_.png Size: 74 KB

SL was to low, 15 instead of 35. Could have been a winner!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,988
  • Jun 29, 2016 12:31pm Jun 29, 2016 12:31pm
Quoting JibalaPasan
{quote} The question is, what did you measure that you got a sell signal? On my chart you see my entry on the same candle (1) but opposite direction. You lost it, I took it. {image} To be fair, it couldn't go short because it was still blocked by the first buy order and I can't say if at this point of time there was a sell signal. You just have to do more analyses. Watch the spaghetti chart, take entries manually and find out what levels your indicators must have for a good entry. But you always have to keep on mind that even then there is no...
I measure the Sell for Momentum/Correlation and of course choosing only right pairs filtering, the bad ones. On AUDJPY next trade I can see an exact enter like you're with Sell . Maybe my Trend trades are the problem , to restrictive and prevent the initial TREND trade to be taken. The Missed Trades sheet decided not to record any missed today some vba error !! I HATE VBA !! I has just 1 job to copy the missed trades because any of security settings , like LBAR for example , fib / piv etc. To see if any of that prevent me taking a winning or help me avoiding a losing trade. I was very curios what keep me there not to take the trade with the trend, but for sure a bad filter.
By failing to prepare, you are preparing to fail.
  • #1,989
  • Jun 29, 2016 12:47pm Jun 29, 2016 12:47pm
Quoting JibalaPasan
{quote} The question is, what did you measure that you got a sell signal? On my chart you see my entry on the same candle (1) but opposite direction. You lost it, I took it. {image} To be fair, it couldn't go short because it was still blocked by the first buy order and I can't say if at this point of time there was a sell signal. You just have to do more analyses. Watch the spaghetti chart, take entries manually and find out what levels your indicators must have for a good entry. But you always have to keep on mind that even then there is no...

Volatility prevent that trade with the trend. Why? Because live data was calculated and was using previous data witch include the GBP MOVE of last week! I totally forget that volatility has direct access to live calculation, and wasn't proper adjusted after GBP move.

Many thanks for the show of that trade, otherwise I would stay with bad volatility .
By failing to prepare, you are preparing to fail.
  • #1,990
  • Jun 30, 2016 3:21am Jun 30, 2016 3:21am
Quoting JibalaPasan
{quote} Absolutely nothing! The power comes from GAP, momentum and correlation.
Hi Jiba, I know Gap, Correlation, can you explain how you catch the momentum ?
  • #1,991
  • Jun 30, 2016 4:35am Jun 30, 2016 4:35am
1 SL so far , but a really bad one

Since morning.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBJPY.png Size: 169 KB
Click to Enlarge Name: ihist.png Size: 27 KB
By failing to prepare, you are preparing to fail.
  • #1,992
  • Jun 30, 2016 5:23am Jun 30, 2016 5:23am
Quoting project13et
1 SL so far , but a really bad one {image}
hmmm...

Why the GAP from two bars before was not used for the sell signal? Here is my GBP:

When I saw lot's of activities on the GBP I had a look on my spaghetti:
Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.06.30_10h04m12s_113_.png Size: 284 KB

It looked very tasty at that moment, and I decided to buy the whole GBP basket! Why? It tried many times to break the top and there was a good chance that it will move up again. Furthermore news ahead might give it a kick (or it will go to hell)!

Now see for yourself how it moved:
Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.06.30_11h03m32s_115_.png Size: 263 KB

Right decision again!
Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.06.30_10h29m20s_114_.png Size: 25 KB

Just a bit later the opposite direction was taken by the bot, but for 2 pairs only:
Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.06.30_11h37m45s_116_.png Size: 59 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.06.30_11h40m17s_117_.png Size: 58 KB

The number (1) is the trade from the basket I took manually.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,993
  • Jun 30, 2016 5:34am Jun 30, 2016 5:34am
Quoting ken331
{quote} Hi Jiba, I know Gap, Correlation, can you explain how you catch the momentum ?
There are many other indicators to measure not the price only. Read carefully the explanation by John J. Murphy!

http://www.investopedia.com/articles...cal/081501.asp
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,994
  • Edited 6:23am Jun 30, 2016 6:02am | Edited 6:23am
2 test day

trade time 15min

only 5 trade

DD 7 pips

Profit 100 pips

Attached Image (click to enlarge)
Click to Enlarge Name: 15.png Size: 47 KB


http://www.forexfactory.com/showthre...11#post9002111
if you're doing we all have results with all
  • #1,995
  • Jun 30, 2016 6:29am Jun 30, 2016 6:29am
jarfx05 please share settings or setfile, Thanks
  • #1,996
  • Jun 30, 2016 6:40am Jun 30, 2016 6:40am
Quoting JibalaPasan
{quote} hmmm... Why the GAP from two bars before was not used for the sell signal? Here is my GBP: When I saw lot's of activities on the GBP I had a look on my spaghetti: {image} It looked very tasty at that moment, and I decided to buy the whole GBP basket! Why? It tried many times to break the top and there was a good chance that it will move up again. Furthermore news ahead might give it a kick (or it will go to hell)! Now see for yourself how it moved: {image} Right decision again! {image} Just a bit later the opposite direction was...
2 bars before GC was ready but the GD was UP signal, then exact when I took the trade was the first momentum where GD arrow get down, and value over flexi.

My trade was 12:02:08 , you're trade is around 12:12:04 ? Why the bot didn't took the initial trade at 12:02:08? Should I ban the first minutes of H1 candle ?

Many thanks for all this assistance
By failing to prepare, you are preparing to fail.
  • #1,997
  • Jun 30, 2016 7:14am Jun 30, 2016 7:14am
Quoting project13et
{quote} 2 bars before GC was ready but the GD was UP signal, then exact when I took the trade was the first momentum where GD arrow get down, and value over flexi. My trade was 12:02:08 , you're trade is around 12:12:04 ? Why the bot didn't took the initial trade at 12:02:08? Should I ban the first minutes of H1 candle ? Many thanks for all this assistance
See the times when they were executed:
Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.06.30_13h54m22s_119_.png Size: 11 KB

I've mentioned and explained already our observation on M30 bar. If not just in a strong trend it mostly goes opposite to prior bar. Sometimes more which can lead to a (false) signal, sometimes less until it will continue in its main direction.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #1,998
  • Jun 30, 2016 7:41am Jun 30, 2016 7:41am
Quoting keymaker
jarfx05 please share settings or setfile, Thanks
I have not tested SetFile for the ES . Who remade indicator helps to manually trade
Attached File(s)
File Type: zip c5.zip   18 KB | 512 downloads
if you're doing we all have results with all
  • #1,999
  • Jun 30, 2016 8:06am Jun 30, 2016 8:06am
Quoting JibalaPasan
{quote} See the times when they were executed: {image} I've mentioned and explained already our observation on M30 bar. If not just in a strong trend it mostly goes opposite to prior bar. Sometimes more which can lead to a (false) signal, sometimes less until it will continue in its main direction. Jibala

I am comparing 3 photos, you're entry , my entry and a false entry that I mention here 12:12:04

On my entry and a false entry signal the Current M30 bar was Negative, on you're entry was positive, so you took a sell signal on a bullish bar. I said ok fair enough, let's confirm with the other photos she took, ( I already go throw all photos in the moment the signal was build for bot and this pattern was not recognize at that time), but maybe I miss it, so I go again and again, and check, and again the pattern doesn't confirm. So I am back to where I start, why that and not the other's

At the time of you're trade GBP was even stronger , more pairs inside GBP over flexi , JPY was even weaker , so GBP more in trend. I am in complete dark here why that and not the other's one, please show me the light for this complete darkness.

Thanks,
Attached Image (click to enlarge)
Click to Enlarge Name: 146729086329707.jpg Size: 61 KB
By failing to prepare, you are preparing to fail.
  • #2,000
  • Jun 30, 2016 9:12am Jun 30, 2016 9:12am
Quoting project13et
{quote} I am comparing 3 photos, you're entry , my entry and a false entry that I mention here 12:12:04 On my entry and a false entry signal the Current M30 bar was Negative, on you're entry was positive, so you took a sell signal on a bullish bar. I said ok fair enough, let's confirm with the other photos she took, ( I already go throw all photos in the moment the signal was build for bot and this pattern was not recognize at that time), but maybe I miss it, so I go again and again, and check, and again the pattern doesn't confirm....
If you are walking in the dark, no wonder if I look at the picture. I am even more than you.

I had to zoom in a bit more for the analyses and I am asking where the heck did you (1 )get a sell signal and where is the bullish bar I am going in (2)?
Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.06.30_15h36m34s_123_.png Size: 56 KB
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
1 trader viewing now