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Start Winning - Trade the Current Trend

  • #181
  • Nov 21, 2016 2:05pm Nov 21, 2016 2:05pm
Quoting saranga
{quote} can u share day tpl mate?
Just use any ofthe other templates and change the HTF MAs to what ever higher TF you want.

For weekly use 50EMA and then 50EMA of previous 50 EMA.

If you want the HTF MAs I think the 200EMA and 200EMA of previous 200EMA wouldbe close enough.
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  • #182
  • Nov 21, 2016 2:12pm Nov 21, 2016 2:12pm
Quote
Just use any ofthe other templates and change the HTF MAs to what ever higher TF you want.

For weekly use 50EMA and then 50EMA of previous 50 EMA.

If you want the HTF MAs I think the 200EMA and 200EMA of previous 200EMA wouldbe close enough.
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we cant;s change rsi setting day week use?
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  • #183
  • Nov 21, 2016 2:13pm Nov 21, 2016 2:13pm
how do you avoid this happening?
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Carpe Diem
  • #184
  • Nov 21, 2016 2:20pm Nov 21, 2016 2:20pm
Quoting saranga
{quote} we cant;s change rsi setting day week use? {image}
You don't need to. The RSIs work independently on each TF. The RSI Dashboard gives you an overview of the RSI window on each TF.
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  • #185
  • Nov 21, 2016 2:24pm Nov 21, 2016 2:24pm
Quoting geol13
how do you avoid this happening? {image}
just took a look at h1..oh my..closed all open trades..it's a long one..
Carpe Diem
  • #186
  • Nov 21, 2016 2:24pm Nov 21, 2016 2:24pm
Quoting geol13
how do you avoid this happening? {image}
Avoid what? I'dstart by removing your HMA (if thats what is is and whatever arrow indicator you have got (less the MA cross alerts which shouldonly alert once on each cross)
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  • #187
  • Nov 21, 2016 2:26pm Nov 21, 2016 2:26pm
Quoting wizlon32
{quote} Avoid what? I'dstart by removing your HMA (if thats what is is and whatever arrow indicator you have got (less the MA cross alerts which shouldonly alert once on each cross)
what is HMA?
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  • #188
  • Nov 21, 2016 2:27pm Nov 21, 2016 2:27pm
Quoting geol13
{quote} just took a look at h1..oh my..closed all open trades..it's a long one..
When you post a chart, make sure we caan see the whole chart. I can't seee which pair that is or whether your orders are long or short.
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  • #189
  • Nov 21, 2016 2:28pm Nov 21, 2016 2:28pm
Quote what is HMA? Quote

Hull Moving Average. Thats what it looks like to me. That green and red MA line that you have got. It will add confusion.
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  • #190
  • Nov 21, 2016 2:31pm Nov 21, 2016 2:31pm
Quoting wizlon32
Quote what is HMA? Quote Hull Moving Average. Thats what it looks like to me. That green and red MA line that you have got. It will add confusion.
it was the EU in M1
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  • #191
  • Nov 21, 2016 2:34pm Nov 21, 2016 2:34pm
Quoting geol13
{quote} it was the EU in M1
And you had been shorting?

I mentioned that we were at a round number and the 61.8% Fib of yesterday low to todays high. You were selling in to support.
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  • #192
  • Nov 21, 2016 2:46pm Nov 21, 2016 2:46pm
Hi Wizlon,

Took this EURJPY long trade today for +20. Pull back on the H1 looked valid with all the MAs in the right place and 3 RSI crossing 50 from below. Entry taken on M5 after high volume up candle just after a couple of high volume down candles pushing price below BRN. In hindsight I should have got in earlier when 3 RSI crossed 50 and not waited for the candle to close. The 3 vertical orange line mark where I could have taken further entries but didn't. Wizlon would you take each one of those entries to add to a position as it progresses in your direction? I didn't because they were all pretty close to my original entry and wasn't sure how high it would go. As of right now price is sitting just below 118.0

Thanks

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  • #193
  • Nov 21, 2016 2:47pm Nov 21, 2016 2:47pm
Quote
Quoting saranga
{quote} we cant;s change rsi setting day week use? {image}
You don't need to. The RSIs work independently on each TF. The RSI Dashboard gives you an overview of the RSI window on each TF.
thank help my new tpl my main method add rsi
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  • #194
  • Nov 21, 2016 2:52pm Nov 21, 2016 2:52pm
Is anybody using the Renko version of the system. I think this is where the biggest potential lies.

When Iget a trading day off work i am going to really put this to the test.

Here is USDCAD showing multiple opportunities for short entires.

Red vertical lines are all valid entry points.
1. HTF MAs say sell
2. 3 RSI cross below 50 from above with high volume down bar.
3.
4. Very,Very simple!
5.Only 1 losing trade. And could even win if left alone.

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  • #195
  • Nov 21, 2016 2:54pm Nov 21, 2016 2:54pm
Quoting wizlon32
Is anybody using the Renko version of the system. I think this is where the biggest potential lies. When Iget a trading day off work i am going to really put this to the test. Here is USDCAD showing multiple opportunities for short entires. Red vertical lines are all valid entry points. 1. HTF MAs say sell 2. 3 RSI cross below 50 from above with high volume down bar. 3. 4. Very,Very simple! 5.Only 1 losing trade. {image}
can you post a tpl for this one wizlon?
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  • #196
  • Nov 21, 2016 2:57pm Nov 21, 2016 2:57pm
wilzon so tips to use renko?

What size should be the brick?
  • #197
  • Edited 3:45pm Nov 21, 2016 3:18pm | Edited 3:45pm
Renko Template

1. Go to tools > options > expert advisors > tick allow automated trading
2. Copy and paste Renko EA to Experts folder.
Attached File(s)
File Type: ex4 evolution_renko_ea_v1_31.ex4   28 KB | 292 downloads

3. Open M1 Chart and apply this template
Attached File(s)
File Type: tpl Renko Builder.tpl   < 1 KB | 310 downloads

4. Scroll left as far as possible (use Home button for speed) and apply this template
Attached File(s)
File Type: tpl RenkoBuilder 2.tpl   2 KB | 270 downloads

5.Go to File >open offline then open the relevant pair M2.
6. Apply this template to it
Attached File(s)
File Type: tpl Renko.tpl   114 KB | 281 downloads


Important Note: you will need to download the volume candles suite and volume suite from one ofthe PVSRA threads.
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  • #198
  • Nov 21, 2016 3:27pm Nov 21, 2016 3:27pm
Quoting Nelson35a
Hi Wizlon, Took this EURJPY long trade today for +20. Pull back on the H1 looked valid with all the MAs in the right place and 3 RSI crossing 50 from below. Entry taken on M5 after high volume up candle just after a couple of high volume down candles pushing price below BRN. In hindsight I should have got in earlier when 3 RSI crossed 50 and not waited for the candle to close. The 3 vertical orange line mark where I could have taken further entries but didn't. Wizlon would you take each one of those entries to add to a position as it progresses...

Well done mate. Brilliant. I would probably have closed the 1st position on signs of weakness. If I had kept my eyes on that pair I would have then taken the next entry and I would again have closed on weakness. I would keep repeating as long as everything looked good as it does here.

In doing so I (or you) could have made more than just keeping the first trade open and letting it ride. Also by keeping it open there is more chance that it turns on you and you don't make a bean!
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  • #199
  • Nov 21, 2016 3:29pm Nov 21, 2016 3:29pm
Quoting saranga
{quote} thank help my new tpl my main method add rsi {image}
Good luck Saranga. I have no doubt that it will add value to your trading.
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  • #200
  • Nov 21, 2016 4:18pm Nov 21, 2016 4:18pm
USDJPY M5

I have a few thoughts about what I just seen on USDJPY. Might be wrong but interested to find out.

1. High volume at relevant Highs = selling
2. Rapid down move allowed shorts to close in profit
3. High volume on way down and at lows = buying
4. Is USDJPY going further up from here?

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