10.3 SCALPER/RANGE TRADE SYSTEM

[disbellj]

First pic shows pic of where we are now, matching GMT which Bob is using. To get this, I set FXDD to WeekEndMode, and offset to 3. This is what current indicator should show when not the weekend.

Second pic shows pic of where we are going to, matching Forex Market open which is standard we should be matching to. To get this, I set FXDD to WeekEndMode, and offset to 0.

Cowboy IBFX right now would have to move back -3 to match FXDD last Friday. So that means Cowboy IBFX starts it's week at 21:00 (0 - 3 = 24 - 3 = 21). If this remains true that Cowboy IBFX is -3 to match FXDD tomorrow, then I should be able to make the -3 hard-coded so we match FXDD in next indicator updates. If not, and Cowboy IBFX starts at 22:00 GMT instead of 21:00 GMT, then I would need to hard-code -2 into indicators, and they would either need a OnDayLightsSavingsTime input to change to true, to make indicator use -3 instead of -2 in code next March. I wish it were easier, but hey, I want to be on same page as everyone else. No use in using pivots others aren't using. It would defeat the purpose IMHO.

Kindest regards,

Don

[gaheitman]

kwchau,

Wish I could tell you what the problem is, but I don't know. May try loading history with forceLoadHistoricalData.mq4 (although I didn't use it and mine works), or Resetting indicator.

Does anyone have any idea why my indicator is not working for some people, you might know and can shed some light onto the issue? I'm having no problems running multiple MT4s and instances of the indicator, as seen in the screenshots.

Kindest regards,

Don

I suspect they have "Allow DLL Imports" off in the Options|Expert Advisors tab. If you look in the experts tab of the terminal, you should see the error messages:

Code: Select all

2012.11.03 23:19:59	AllPairs_10.3_Don_AutoGMT_110312 EURUSD,H1: initialized
2012.11.03 23:19:59	AllPairs_10.3_Don_AutoGMT_110312 EURUSD,H1: dll calls are not allowed; 'wininet.dll'-'InternetOpenA'
2012.11.03 23:19:59	AllPairs_10.3_Don_AutoGMT_110312 EURUSD,H1: expert stopped

BTW, you may want to change the code so that it doesn't make the web call with every incoming tick...

George

[disbellj]

Thanks George for your input.

I am going to change it from calculating GMToffset each tick. I need to come up with code for that. If I put it in init(), and the user puts it on on the weekend, it will be wrong thereafter. If I just put it in start(), it runs every tick, but as soon as market starts, it's correct. I must find a way to put it in start, not evry tick, but not wait an hour either, since the user might make trading decisions with it.

Kindest regards,

Don

P.S. Your input always means a lot to me.

kwchau,

Wish I could tell you what the problem is, but I don't know. May try loading history with forceLoadHistoricalData.mq4 (although I didn't use it and mine works), or Resetting indicator.

Does anyone have any idea why my indicator is not working for some people, you might know and can shed some light onto the issue? I'm having no problems running multiple MT4s and instances of the indicator, as seen in the screenshots.

Kindest regards,

Don

I suspect they have "Allow DLL Imports" off in the Options|Expert Advisors tab. If you look in the experts tab of the terminal, you should see the error messages:

Code: Select all

2012.11.03 23:19:59	AllPairs_10.3_Don_AutoGMT_110312 EURUSD,H1: initialized
2012.11.03 23:19:59	AllPairs_10.3_Don_AutoGMT_110312 EURUSD,H1: dll calls are not allowed; 'wininet.dll'-'InternetOpenA'
2012.11.03 23:19:59	AllPairs_10.3_Don_AutoGMT_110312 EURUSD,H1: expert stopped

BTW, you may want to change the code so that it doesn't make the web call with every incoming tick...

George

[nanningbob]

A suggestion for now. Put 10.2a on the 4H or Daily chart. If DP > WP > MP then you may look for TP at the DR2 or WR1 and if DP< WP<MP then look for TP at DS2 or WS1. You can look for bigger TP on those days because you expect bigger moves when higher end charts agree. If 10.2a shows range then look at DS1 and DR1 as your TP.

[nanningbob]

Don, Someone has a weekend tick producer. It produces ticks off of the last price so the indicators will line up properly for weekend study. I understand some indicators will not work right until there is a tick. You may want to try that.

[atharmian]

Don,

Don't want to bother you..can always wait for some 'final' enough version:)

But as kwchau mentioned, your indi from Nov 1 gave zero divide error on my charts... looked up the error online and it seems that it might be dependent upon Empty4 versions and any custom crim implementations. I am running the latest FXCM Empty4 Build 438 version, FYI.

There has been talk on this forum re: zero divide errors and others when garyfritz was building his currency strength indicator based on hanover (FF) version which takes up many CPU cycles, and was advised upon by squalou and steve- garyfritz I believe asked people to look at Baluda's implementation.

Onto DST ... that means Asian markets now start at 5pm EST, not 6pm EST (Sydney now 15 hours ahead.

Regards,

Athar.

kwchau,

Wish I could tell you what the problem is, but I don't know. May try loading history with forceLoadHistoricalData.mq4 (although I didn't use it and mine works), or Resetting indicator.

Does anyone have any idea why my indicator is not working for some people, you might know and can shed some light onto the issue? I'm having no problems running multiple MT4s and instances of the indicator, as seen in the screenshots.

Kindest regards,

Don

Here's an update to the All Pairs indicator. The update is to apply code from open and pivot indicators I posted, so that the indicators are all updated and, as seen in picture (using WeekEndMode true and manually put in gmt offsets for these criminals) since this is the weekend and the autogmt does not work during weekend). Now the All Pairs is giving the same signal on all criminals.

(Note: To see what the signals across criminals would be without autogmt code, make WeekEndMode to true and set the offset to 0).

When not testing, make sure WeekEndMode is set to false so autoGMT kicks in and take care of everything automatically.

Kindest regards,

Don

Hi Don, when I load this onto a chart, nothing shows up. In the journal I got these messages:

2012.11.04 08:06:03 Custom indicator AllPairs_10.3_Don_AutoGMT_110312 EURUSD,H1: removed
2012.11.04 08:05:59 Custom indicator AllPairs_10.3_Don_AutoGMT_110312 EURUSD,H1: loaded successfully
The indicator was automatically removed by Empty4, don't know why ? A criminal issue ? I'm using aplari uk.
Appreciate your help.

[atharmian]

Don,

Here are the two tick generators from this forum, as Bob mentioned:

1. One is attached, no doc available
2. The 2nd exe file I am not allowed to attach. But you can google for mt4ticker (free.)

Athar.

Don, Someone has a weekend tick producer. It produces ticks off of the last price so the indicators will line up properly for weekend study. I understand some indicators will not work right until there is a tick. You may want to try that.

[madpipa]

... So if you have something please show because I am out of my league for now.

Hi Bob,
I have used the Volatility tables from this site before:
http://www.forexticket.co.uk/en/tools/02-01-volatility

Simply, they show the range of movement for each hour of the day over the last XX weeks. It is a great place to start for gauging the potential of a price movement at a particular time of day. The way I was taught to use it was to take the volatility of the next hour as a starting point. Find the lowest daily volatility level and treat this as 100%. So days with higher volatility may be something like 140%. Multiply the hourly volatility level by the daily %. This is then used as an approximation of the distance a currency may travel before a reversal - ie: swing high to swing low.

I know it sounds a little complicted at first. At the very least this may indicate a level where you would want your SL to be positive. My thought was that if it was anywhere near where you would want to take profit then it may be possible for someone here to get this data from the website, manipulate it & provide it as a viable TP or BE.

Cheers,
Mick

[nanningbob]

Thank you MADPIPA for your link I was able to put together raw data onto excel charts. I have 6 charts 3 are the raw data and 3 are compiled data on the most common pairs. I grouped them into 4 groups for each excel page. Each page lists pairs from most volatile to least volatile. Then it gives average pips moved by day during this time period. I grouped them by 99 weeks (as close to 2 years I could get) 52 weeks (1 Year) and 12 weeks (3 weeks).

I also grouped them by color based on volatility. Red group moves over 140 pips average in a day. Maroon over 100 pips in a day. Pink over 75 pips in a day. Yellow is less than 75 pips in a day. The information jumped out at me like a lightning bolt. I saw pre-2008 movement in the currency pairs the last 3 months. All common pairs except 2 were moving less than 100 pips a day. This meant my trading methods, which were designed for high volatility, may not work so well now. 10.0 series was becoming less and less effective. Now I know why my monthly gains kept getting smaller every month. So if the market is changing we change with it. So my focus will be on 10.3 for now.
Look at these stats.
99 week data-- 4 pairs over 140 and 13 over 100 pips a day average
12 week data-- 1 pair over 140 (gbp/nzd) and only 1 over 100 (eur/nzd)

The market is now less volatile than it was 2 years ago and less volatile than it was a year ago. The 100 pip moves in a day are far fewer so we must think along these lines. If you want to get 20 pips on a move then the following pairs probably will not do it because to get 20 pips you need a pair to move at least 50 pips to get that 20-25 pips in movement. Pairs that are not moving more than 50 pips a day are:
eur/chf, usd/hkd, eur/gbp, and usd/jpy. I had not been trading these anyway because of lack of movement. Now I know why. These pairs are barely moving (between 50-75) so if you get 20-30 pips in day you are doing well. nzd/cad, usd/cad, aud/cad, nzd/chf, nzd/jpy, aud/nzd, usd/chf, nzd/usd, cad/jpy, cad/chf, aud/chf
These pairs move 75 or more average and should net you 25-40 in a day. aud/chf, aud/jpy, chf/jpy, aud/usd, gbp/usd, gbp/chf, eur/aud, eur/cad, gbp/cad, gbp/jpy, eur/usd, eur/jpy, gbp/aud,

These two move over 100 pips a day and can net you 50+ gbp/nzd and eur/nzd

Now we know how to basically trade and set our TP. Excel sheet data attached

[nanningbob]

Mick thank you so much for your data. You saved me days of research. I was able to compile data into a usable form in about 2.5 hours because of this.

Don thank you so much for your work on universalizing the daily open. Hopefully in a week or two we will have a smooth running system with clear directions to trade.

All of you thank you for your support. This is really looks exciting.