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Trader Dale - daily trading levels

  • #4,621
  • Jan 30, 2017 11:12am Jan 30, 2017 11:12am
Quoting Gazilion
{quote} Sorry, i dont understand well, can you say it easier :-O
Gazilion , Akift means this part of the chart. The mountain and Hills part
Attached Image
  • #4,622
  • Edited 9:37pm Jan 30, 2017 11:23am | Edited 9:37pm
I have a bit improved EA. In version 1.3 added:

  1. Automatic Lines drawing by EA.
  2. BreakEven function.
  3. Red News filter (not yet fully tested).
  4. Monster Move filter.

Please read updated EA Manual before asking questions.
Do not change TF of the chart EA attached to.

Attached Image (click to enlarge)
Click to Enlarge Name: dale13.jpg Size: 81 KB

The first uploaded file is EA itself, the second is FFCal indicator which should be placed in \Metatrader 4\MQL4\Indicators folder, the third is EA Manual.
Attached File(s)
File Type: ex4 DaleTM_v1.3.ex4   33 KB | 374 downloads

Attached File(s)
File Type: ex4 FFCal_DV_150715.ex4   63 KB | 309 downloads

Attached File(s)
File Type: pdf EA DaleTM.pdf   234 KB | 447 downloads

Please give some feedback who is using EA.
Stay green.
BR, alex
  • #4,623
  • Edited 2:49pm Jan 30, 2017 11:46am | Edited 2:49pm
Quick note for all ea users:
1.
Today second eu level got sl despite monster move filter around 14 pips, maybe better is to stretch move checking period to two minutes and like 20 pips?

2.
uc level test area was beyond 3 pips so for some off us using 3 pips test and 8-10 pip retrace it was a sl. Maybe it is better to follow Ziggy advice and make test area 5 pip and retrace ..10..15 to find level tested?

3.some of us using 8 pip be level on uj got be instead tp.well, im having thoughts to move be to 9 or 9.5 or remove it completly.


what do ya think?
Share please.

There is like > 100 of us.
Lets make those params good!

BTW:
my stats for January 10tp/12sl
using only Dale levels and handling trades with EA

symbol/win/loss/be [misses not counted but this is 3 pip and 10 pip retrace,be 8-9.5pip, 2 eu and uc be are due my errors operating ea, other errors included too!]
AUDUSD 3 3 1
EURUSD 9 5 4
USDCAD 3 3 2
USDJPY 6 2 3


Quoting sevan62
I have a bit improved EA. In version 1.3 added: Automatic Lines drawing by EA. BreakEven function. Red News filter (not yet fully tested). Monster Move filter. Please read updated EA Manual before asking questions. Do not change TF of the chart EA attached to. dale13.jpg;2163569 DaleTM_v1.3.ex4;2163571 EA DaleTM.pdf;2163573 Please give some feedback who is using EA. Stay green. {image} {file} {image}
  • #4,624
  • Jan 30, 2017 12:26pm Jan 30, 2017 12:26pm
Quoting sevan62
I have a bit improved EA. In version 1.3 added: Automatic Lines drawing by EA. BreakEven function. Red News filter (not yet fully tested). Monster Move filter. Please read updated EA Manual before asking questions. Do not change TF of the chart EA attached to. dale13.jpg;2163569 DaleTM_v1.3.ex4;2163571 EA DaleTM.pdf;2163573 Please give some feedback who is using EA. Stay green. {image} {file} {image}
this is so cool!!! Thank you very much!!
  • #4,625
  • Jan 30, 2017 12:32pm Jan 30, 2017 12:32pm
Be careful when following his set-ups. His trading rules are never consistent. Today will be 3 SLs if you follow his rule, strictly. However, he only brags his winners.

1. When the price level pre-tested 3.5 pips away, for example today's USDCAD, and the final trade ends-up hitting SL, he will say that he did not trade this. In contrast, when the price level pre-tested 3.5 pips away, and the final trade ends-up hitting TP, he will brag about the winner.

2. When the trade ends with a winner, he always make a lucrative graph showing that you could get the pips, despite of any pre-tests, trading hours, or "spikes". However, if the trade was lost, he will blame the spikes, trading hours, and other factors, just like today's second EURUSD level.

Making lucrative illustrative graphs is way more complicated than just posting screen-shots of his real-time trades. It is highly doubtful that a "profitable" trader would spend hours on making illustrative graphs, when almost never post real-time real trades.

In fact, if you follow strictly the rules in the first thread and back-test his levels, the profit factor is very close to 1.0 (which means not profitable) considering retails' transaction costs and slippages.

If I never stand out, he will likely to start his "couching", "education", or "signal services" soon.
  • #4,626
  • Jan 30, 2017 12:40pm Jan 30, 2017 12:40pm
Quoting sevan62
I have a bit improved EA. In version 1.3 added: Automatic Lines drawing by EA. BreakEven function. Red News filter (not yet fully tested). Monster Move filter. Please read updated EA Manual before asking questions. Do not change TF of the chart EA attached to. dale13.jpg;2163569 DaleTM_v1.3.ex4;2163571 EA DaleTM.pdf;2163573 Please give some feedback who is using EA. Stay green. {image} {file} {image}
------------------------------------
U da Man = thanks$ M8 4sure
da n0o0b + $hit_Disturber
  • #4,627
  • Jan 30, 2017 12:45pm Jan 30, 2017 12:45pm
Quoting fakebuster
Be careful when following his set-ups. His trading rules are never consistent. Today will be 3 SLs if you follow his rule, strictly. However, he only brags his winners. 1. When the price level pre-tested 3.5 pips away, for example today's USDCAD, and the final trade ends-up hitting SL, he will say that he did not trade this. In contrast, when the price level pre-tested 3.5 pips away, and the final trade ends-up hitting TP, he will brag about the winner. 2. When the trade ends with a winner, he always make a lucrative graph showing that you could...

WTF, Trade and follow the rules. Is their a little discretion - of course but experience ie screen time will fill that gap. Its easy to see Dale is a pro. If he starts a signal or educational service, Great! I'm all in. Really hoping this happens. Traders like Dale are very rare.
  • #4,628
  • Jan 30, 2017 1:00pm Jan 30, 2017 1:00pm
fakebuster..

Tooo Slooow is it u?
Please don't troll here.
  • #4,629
  • Jan 30, 2017 1:33pm Jan 30, 2017 1:33pm
Quoting radaway
{quote} Gazilion , Akift means this part of the chart. The mountain and Hills part {image}


Ok, thanks for help.
Its TPO Range from 1.1.2017- today. You can move this distance for example just for 3 days. Its indicator form Ziggy.

Do you want him ?
  • #4,630
  • Jan 30, 2017 1:42pm Jan 30, 2017 1:42pm
Quoting sevan62
I have a bit improved EA. In version 1.3 added: Automatic Lines drawing by EA. BreakEven function. Red News filter (not yet fully tested). Monster Move filter. Please read updated EA Manual before asking questions. Do not change TF of the chart EA attached to. dale13.jpg;2163569 DaleTM_v1.3.ex4;2163571 EA DaleTM.pdf;2163573 Please give some feedback who is using EA. Stay green. {image} {file} {image}


Its Great.
Please explain me this. RED NEWS FILTER - is it mean Red news from Forex Factory calendar ? ANd how is it possible ? Must be platform open ?

Thanks you much
  • #4,631
  • Jan 30, 2017 2:14pm Jan 30, 2017 2:14pm
Quoting Gazilion
{quote} Ok, thanks for help. Its TPO Range from 1.1.2017- today. You can move this distance for example just for 3 days. Its indicator form Ziggy. Do you want him ?
sure,Thanks.
  • #4,632
  • Jan 30, 2017 2:52pm Jan 30, 2017 2:52pm
Quoting fakebuster
Be careful when following his set-ups. His trading rules are never consistent. Today will be 3 SLs if you follow his rule, strictly. However, he only brags his winners. 1. When the price level pre-tested 3.5 pips away, for example today's USDCAD, and the final trade ends-up hitting SL, he will say that he did not trade this. In contrast, when the price level pre-tested 3.5 pips away, and the final trade ends-up hitting TP, he will brag about the winner. 2. When the trade ends with a winner, he always make a lucrative graph showing that you could...
Well I use the levels Dale posts and have a lot to be thankful for, not only is my bank balance improved but so has my understanding and ability to find good trading locations, if you are unable to do the same you could either stick around and maybe find how to make good use of the info, or move on to something else that suits you better. But simply trying to find fault with something others are making good use of isn't going to help anyone.
  • #4,633
  • Jan 30, 2017 3:13pm Jan 30, 2017 3:13pm
Quoting fakebuster
Be careful when following his set-ups. His trading rules are never consistent. Today will be 3 SLs if you follow his rule, strictly. However, he only brags his winners...
I wonder if you have taken the time to read all Dale's posts. I have been following Dale for some time now and have learnt a lot.
No one is obligated to trade the posted levels, Dale takes the time to post them daily and all levels will react to the conditions of the market on that day, with quite a high level of success rate.
Dale has reminded us on regular occasion to look out for news, but as responsible traders should be doing this anyhow.
If you have a 100% success rate why not join in and present a forum?
I personally will keep coming back to this forum daily for as long as Dale runs them.
Take 1 step forward, two small steps back
  • #4,634
  • Jan 30, 2017 3:33pm Jan 30, 2017 3:33pm
Quoting fakebuster
Be careful when following his set-ups. His trading rules are never consistent. Today will be 3 SLs if you follow his rule, strictly. However, he only brags his winners. 1. When the price level pre-tested 3.5 pips away, for example today's USDCAD, and the final trade ends-up hitting SL, he will say that he did not trade this. In contrast, when the price level pre-tested 3.5 pips away, and the final trade ends-up hitting TP, he will brag about the winner. 2. When the trade ends with a winner, he always make a lucrative graph showing that you could...
Ohh okay..., new member... and already through the entire and even backtesting... respect...! Or is it more like "inkognito" having been here around before, maybe in the time during Dale's absence ?! And of course, all of the people following here have been desperately waiting only ... for you ... to stand out ! Thanks mate, once again... superb !
  • #4,635
  • Jan 30, 2017 3:41pm Jan 30, 2017 3:41pm
Quoting ruma29
{quote} gap, target 1.0608-14
I am just curious why you post after the fact trades, what purpose does it serve nor are they related to this thread. Please enlighten us with why you do what you do.
  • #4,636
  • Jan 30, 2017 3:48pm Jan 30, 2017 3:48pm
Quoting sevan62
I have a bit improved EA. In version 1.3 added: Automatic Lines drawing by EA. BreakEven function. Red News filter (not yet fully tested). Monster Move filter. Please read updated EA Manual before asking questions. Do not change TF of the chart EA attached to. dale13.jpg;2163569 DaleTM_v1.3.ex4;2163571 EA DaleTM.pdf;2163573 Please give some feedback who is using EA. Stay green. {image} {file} {image}
I have used the EA with .05 lots since the day it was released.
It has been my experience that it works exactly as advertised.
I have used my own levels (very close if not exactly same as Dales on the Majors) and I have had excellent results with it.

I am looking forward to letting this do the baby sitting for me.

As a side not to fakebusters post above....Thanks but no thanks....move along

anyone who has been here for more than 5 mins knows that the real heavy lifting in a method such as this is in finding the levels and your own comfort level for TP and SL. If you are not ACTIVELY working on your own skills in this area then I think you have missed out on the greater good of this thread.

Just my .02
Many Pips !
Plan, Prepare, Execute, Repeat
  • #4,637
  • Jan 30, 2017 3:58pm Jan 30, 2017 3:58pm
Quoting XxixixX
{quote} I am just curious why you post after the fact trades, what purpose does it serve nor are they related to this thread. Please enlighten us with why you do what you do.
ignore it. focus on your trading. how many pips did you make today related to this thread?
  • #4,638
  • Jan 30, 2017 4:02pm Jan 30, 2017 4:02pm
Quoting ruma29
{quote} ignore it. focus on your trading. how many pips did you make today related to this thread?
Very focused on this trading and clients accounts as well. If I said what I made in pips today I am sure you would not believe it (Yes, it all based on the dynamics of this thread). My point is you post after the fact trades that is of no benefit to anyone. Please find one person that benefits from your postings.
  • #4,639
  • Jan 30, 2017 4:56pm Jan 30, 2017 4:56pm
Regarding the subject brought up about Brokers with tight spreads...what options do people who are in the US and only have access to US brokers ? any advice on finding tight spreads. Thanks
" Liver alone,,,Cheese my Seester "
  • #4,640
  • Jan 30, 2017 5:01pm Jan 30, 2017 5:01pm
Quoting max value
Regarding the subject brought up about Brokers with tight spreads...what options do people who are in the US and only have access to US brokers ? any advice on finding tight spreads. Thanks
Do some research on "Prime Brokers" (have the tightest spreads), and stay away from brokers who "B-Book" you.
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