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Trader Dale - daily trading levels

  • #3,301
  • Jan 11, 2017 4:36am Jan 11, 2017 4:36am
Quoting H0nZ4
I have written an indi, which helps me to draw Dale's levels. The indicator uses data from a CSV file (notice, that the date in first column is in the format DD.MM.YYYY hh:mm). This file - daleslevels.csv has to be saved in the folder ...\MQL4\Files\ Indi goes to ...\MQL\Indicators\ and it has to have DLL import allowed. You are free to modify it. Thanks Dale for this thread! Honza {file} {file} {file}

Dale, Thanks for this thread. It's been a real eyeopener.

H0nZ4, I don't know if the levels script you posted was yours, but I've made a couple of small changes to it which suit me. Maybe they can be of use to others.

1) Added code to show TP and SL lines.
2) Added a variable (MyLevels) to allow lines to be drawn a different colour when found in the csv file.
3) I've added all dales levels from day 1 to the csv and my own from today to demonstrate the colour change.

All that is required is to add dales and your own levels to the csv each day and you see them on the chart to compare.

The code isn't very elegant. If people like the changes I may tidy it up a bit
Attached File(s)
File Type: zip MQL4.zip   20 KB | 372 downloads
  • #3,302
  • Jan 11, 2017 4:42am Jan 11, 2017 4:42am
Quoting ygnhzeus
{quote} Interesting, may I ask why do you pick EUR/USD short 1.0579 , based on which timeframe? I didn't see base there on 30m chart.

Volume from M30 and then I was looking at M5 for entry point.
  • #3,303
  • Jan 11, 2017 4:47am Jan 11, 2017 4:47am
oh, what a pity, my usdjpy missed the level by 0,4 pips and reacted.. so I am done with this level..
  • #3,304
  • Jan 11, 2017 4:47am Jan 11, 2017 4:47am
UJ left without me.
My high was 116.452
Missed by 0.8 pips.
Akif,
  • #3,305
  • Jan 11, 2017 4:49am Jan 11, 2017 4:49am
Got the UJ with a preset order - wham a fast 10 pips! Thanks so much Dale. 2nd lot trailing now with SL at break even.....
Always look for reasons not to take a trade
  • #3,306
  • Jan 11, 2017 4:52am Jan 11, 2017 4:52am
USDJPY +10 in minutes
precise reaction!
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1 0111.png Size: 40 KB
  • #3,307
  • Jan 11, 2017 4:52am Jan 11, 2017 4:52am
USDJPY +10pips! Perfect trade! Thanks Dale!
  • #3,308
  • Jan 11, 2017 4:58am Jan 11, 2017 4:58am
nice +10 uj
  • #3,309
  • Jan 11, 2017 4:58am Jan 11, 2017 4:58am
UJ in my mt4 went up to 116.459 but i got in 116.43
is the 116.46 still ok to trade?
thanx dale
Walla Maybe ya Habibi
  • #3,310
  • Jan 11, 2017 4:59am Jan 11, 2017 4:59am
Hi All...AU turned away from 5 to a reaction of 16 pips. what are the thoughts here please ? enough fuel or not ?(if it turns back)
  • #3,311
  • Jan 11, 2017 5:00am Jan 11, 2017 5:00am
usd/jpy +10 pips profit. Quick and precise reaction - thats what I like Did you guys catch it?
Attached Image (click to enlarge)
Click to Enlarge Name: 11.1. jpy profit.png Size: 33 KB
  • #3,312
  • Jan 11, 2017 5:04am Jan 11, 2017 5:04am
Quoting dietcoke
{quote} Dale, Thanks for this thread. It's been a real eyeopener. H0nZ4, I don't know if the levels script you posted was yours, but I've made a couple of small changes to it which suit me. Maybe they can be of use to others. 1) Added code to show TP and SL lines. 2) Added a variable (MyLevels) to allow lines to be drawn a different colour when found in the csv file. 3) I've added all dales levels from day 1 to the csv and my own from today to demonstrate the colour change. All that is required is to add dales and your own levels to the csv each...
If you really want to make this next level, (and this will be perfect for those who have day jobs) we need an ea that places the limit order at the level specified on the spreadsheet. Then if price gets within 3 pips of the limit order but then moves 7 pips or more away it cancels the limit order automatically. Additionally when in a trade the stop is moved to be automatically when 7 pips positive is achieved.

Also there would need to be a function that closes all pending orders and open orders 15 mins before red news (there is a way of syncing mt4 with ff news, i've seen it before) and reopening pending orders that are still valid 15 mins after red news.

This would make it possible to catch levels away from your computer without ending up in invalid setups.
  • #3,313
  • Jan 11, 2017 5:07am Jan 11, 2017 5:07am
Quoting Tmsago
UJ in my mt4 went up to 116.459 but i got in 116.43 is the 116.46 still ok to trade? thanx dale

level is used. it can be second reaction there but the probability is lower

so I would not take it anymore
  • #3,314
  • Jan 11, 2017 5:14am Jan 11, 2017 5:14am
Quoting Trader-Dale
usd/jpy +10 pips profit. Quick and precise reaction - thats what I like Did you guys catch it? 11.1. jpy profit.png;2135020 {image}
Perfect sniper Dale trade....got in, collected the pips and got out in less than 5 mins. You are a magician
  • #3,315
  • Jan 11, 2017 5:17am Jan 11, 2017 5:17am
Quoting ziggy
{quote} if anyone was awake at 03:00 the euro level from yesterday worked a dream........... I was in the land of nod!!
ditto!
  • #3,316
  • Jan 11, 2017 5:18am Jan 11, 2017 5:18am
+10 UJ, now waiting for AU
Every dog has his day
  • #3,317
  • Jan 11, 2017 5:19am Jan 11, 2017 5:19am
bugger !! been to the dentist, came back had a quick look at the charts and saw price was nowhere near......... what I didn't notice was that my charts had frozen.

well done to those that did get on, I can also now see that Aussie had a look and then pulled away, I personally don't fancy the Aussie at 0.7367 any more
  • #3,318
  • Jan 11, 2017 5:21am Jan 11, 2017 5:21am
Quoting ziggy
{quote} same here Akif, I had to leave an order and quickly see if my neighbour was ok, she was and looks like I missed the entry by less than the spread poop
side note: caring man you are for sure Ziggy...would be Lovely to have a neighbor like you
  • #3,319
  • Jan 11, 2017 5:36am Jan 11, 2017 5:36am
Quoting radaway
{quote} side note: caring man you are for sure Ziggy...would be Lovely to have a neighbor like you
the dear old lady is 100 years old, and still has all her wits about her and manages without any care visits, a real inspiration. A few years ago I set her up with a laptop and skype so that she can keep in daily contact with her family all based in Australia, cant be many 100 year olds that switch on the laptop each day can there

I'm her first point of contact for all things and it's a pleasure to do it for her, I know she can't go on for ever but I'll really miss her when her time comes.
  • #3,320
  • Jan 11, 2017 5:45am Jan 11, 2017 5:45am
Dale, is EU 1.0467 Long you published back on 9th still valid? This level was never tested and I see the price getting there soon.
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