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MT4 Trading the GAP With Excel

  • #2,041
  • Jul 6, 2016 9:08am Jul 6, 2016 9:08am
Quoting LuXing
{quote} Most interesting and informative stuff Jibala, for which many thanks. In the little spare time I have, I am still "ploughing" through this thread. STDEV is def one of my favourites and I use it in a lot of forex stuff. Will give this a thought and think about ways of sensibly applying this to gap trading. One question regarding the "(4) - GAP base / quote currency". Is that a gap measured over an M5, M15, M30, ... or even multiple periods ? As always, green pips to yall ! LuXing
Dear bro, you didn't watch carefully! It's the tick by tick GAP (current GAP) what you clearly can see in the video! This is used for the analyzer, for entry rules we use the GAP measured over different cycles, at least four.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #2,042
  • Jul 6, 2016 10:17am Jul 6, 2016 10:17am
Btw here is a hint for all of you still having the problem to run Excel with the DDE server. If DDE is activated in MT4 and you start your Excel sheet but it still hangs or freezes, check if "Skype" is active running in the system tray or check via task manager. Stop / kill Excel task, close the Skype application, start Excel again and at the end start Skype again. Everything should work fine!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #2,043
  • Jul 6, 2016 11:07am Jul 6, 2016 11:07am
@ Jibala:

do you trade Sidney open??
and have you removed fibo level filters?'cos I had some signals during London Session,CADCHF not traded for FiboLevel at 10:15 fibo 0.753262
DO UT DES
  • #2,044
  • Jul 6, 2016 11:42am Jul 6, 2016 11:42am
Quoting the bourne
@ Jibala: do you trade Sidney open?? and have you removed fibo level filters?'cos I had some signals during London Session,CADCHF not traded for FiboLevel at 10:15 fibo 0.753262
Trading 24/5 (trading starts @1:05 UTC +1), currently analyzing time based filters. Fibo levels no more included, will be analyzed later if necessary.
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #2,045
  • Jul 6, 2016 4:39pm Jul 6, 2016 4:39pm
thx for reply

today trades Tokyo-London-NY
Total 12 trades
1 loser
Hit ratio 91.6%

and one of my trade highlighted in the pic =
NZDJPY SELL 2016.07.06 03:14:05 was exactly at the SAME time of NJ Jibala's trade in post #2039
I have to work on filters,maybe I still get too many rejected trades

generally speaking,do not trust on July and August results,they could be misleading
bye
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DO UT DES
  • #2,046
  • Jul 7, 2016 2:01am Jul 7, 2016 2:01am
Quoting JibalaPasan
First of all thanks to project13et for his statement for the non contributing and non productive lurker! 2nd big thanks at project13et for his eagle eyes! There was something wrong with the correlation of the 2 named pairs. Only good that I haven't been fired for not taking notice of that problem. The idea with the ADR for TP is pretty good and works if you only make it time based! Don't use same ADR % TP for all sessions! 10% during LO is good indeed for both, trend and counter trades. After hard work of analyzing we started again last...
Many thanks for this post, its opening a new chapter in understanding this trading system. I looking live at the ratio (5) that you describe , it seams to be a big problem for counter trades Since it will limit them quite much, should be use different for CT?

Asia results so far, plus 43 missing trades.
Thanks,
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By failing to prepare, you are preparing to fail.
  • #2,047
  • Jul 7, 2016 3:07am Jul 7, 2016 3:07am
Quoting project13et
{quote} Many thanks for this post, its opening a new chapter in understanding this trading system. I looking live at the ratio (5) that you describe , it seams to be a big problem for counter trades Since it will limit them quite much, should be use different for CT? Asia results so far, plus 43 missing trades. Thanks, {image}
It works pretty good even, if your broker is fair enough! I guess some kind of spread widening or just stop hunting. I am not about 1 or 2 trades, most of the losers from last night exactly looking like this and that makes me / us thinking. 30+ trades and just at BE!
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The only thing that went wrong, the counter trade module was used for both sides hence, we have to work on this.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #2,048
  • Jul 7, 2016 3:19am Jul 7, 2016 3:19am
Quoting JibalaPasan
{quote} It works pretty good even, if your broker is fair enough! I guess some kind of spread widening or just stop hunting. I am not about 1 or 2 trades, most of the losers from last night exactly looking like this and that makes me / us thinking. 30+ trades and just at BE! {image} The only thing that went wrong, the counter trade module was used for both sides hence, we have to work on this. Jibala

Maybe a slippage should be measured , to see if you're trade is executed at the price you requested, in case there is a slippage to move automatic TP reducing that slippage.
By failing to prepare, you are preparing to fail.
  • #2,049
  • Jul 7, 2016 3:33am Jul 7, 2016 3:33am
Quoting project13et
{quote} Maybe a slippage should be measured , to see if you're trade is executed at the price you requested, in case there is a slippage to move automatic TP reducing that slippage.
The slippage was just 2 ticks and even in worst case it is not that much!
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AUDJPY, OP_SELL 75.680 SL 76.03 TP 75.55
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #2,050
  • Jul 7, 2016 5:03am Jul 7, 2016 5:03am
@Jibala

please any suggestion to avoid trades like this?
it's a late entry in my opinion
How do you handle this in your WSD software?

the trade is still running and it could turn into a profit later
but that is not the point
thx
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DO UT DES
  • #2,051
  • Jul 7, 2016 5:11am Jul 7, 2016 5:11am
Only one order since LO! What's up? Is it the calm before the storm?
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Market is totally weak!
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #2,052
  • Jul 7, 2016 5:19am Jul 7, 2016 5:19am
Quoting JibalaPasan
Only one order since LO! What's up? Is it the calm before the storm? {image} {image} {image} Market is totally weak!
Don't speck about the storm since it will come
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By failing to prepare, you are preparing to fail.
  • #2,053
  • Jul 7, 2016 5:37am Jul 7, 2016 5:37am
my London Morning trades
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DO UT DES
  • #2,054
  • Jul 7, 2016 5:48am Jul 7, 2016 5:48am
Quoting the bourne
@Jibala please any suggestion to avoid trades like this? it's a late entry in my opinion How do you handle this in your WSD software? the trade is still running and it could turn into a profit later but that is not the point thx {image}
1. Your post is a bit late, I don't have the history anymore. But there can be more reasons, one of it average market strength (low liquidity, no pa) drops below certain level. System locks / prevent from opening orders automatically.
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2. Time filter? I don't know / see the exact entry!
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #2,055
  • Jul 7, 2016 5:52am Jul 7, 2016 5:52am
Hi all,

how do you resolve this kind of error in the excel template?
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  • #2,056
  • Jul 7, 2016 5:57am Jul 7, 2016 5:57am
Quoting the bourne
@Jibala please any suggestion to avoid trades like this? it's a late entry in my opinion How do you handle this in your WSD software? the trade is still running and it could turn into a profit later but that is not the point thx {image}
Interesting the bourne.

(one of) the following comes to my mind.

1. No trade if ATR >= x times ADR, see chart. ATR is almost double...
2. No trade if PA beyond DR3
3. No trade if H4 candle > ADR

Hope this helps you.

LuXing
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Wisdom begins in wonder
  • #2,057
  • Jul 7, 2016 5:59am Jul 7, 2016 5:59am
Quoting Aromos
Hi all, how do you resolve this kind of error in the excel template? {image}
Just say "Yes, I do"

LuXing
Wisdom begins in wonder
  • #2,058
  • Jul 7, 2016 6:00am Jul 7, 2016 6:00am
Quoting Aromos
Hi all, how do you resolve this kind of error in the excel template? {image}
Enable DDE server in MT4 and kindly read the thread almost all of this is answered already!
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #2,059
  • Edited 6:15am Jul 7, 2016 6:04am | Edited 6:15am
Quoting the bourne
@Jibala please any suggestion to avoid trades like this? it's a late entry in my opinion How do you handle this in your WSD software? the trade is still running and it could turn into a profit later but that is not the point thx {image}
The real question is why then, and why so late ? Better then trying to add multiple safe settings to prevent late trades try to enter early, I added in the past so many safe options to prevent bad trades that I ended with very few trades, and missing so many opportunities.

If market was not that slow that could be a very big potential for counter trade.
By failing to prepare, you are preparing to fail.
  • #2,060
  • Jul 7, 2016 6:43am Jul 7, 2016 6:43am
thx everybody for hints and suggestions
the time entry is:

Broker time 2016.07.07 11:33:17 buy nzdchf at price 0.70653

for my Broker time,London Open is at 10:00 o'clock, so this trade stays into my trading range LO +3hours
I really don't like this kind of trades
DO UT DES
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