10.3 SCALPER/RANGE TRADE SYSTEM

[disbellj]

Well, since it seems people are determined to trade using wrong indicators, I'm working my butt off trying to make sure what you are all using is correct. Maybe when you put this weekly pivot on and see how it does not match your weekly pivot (turn on open too and see if it matches LOL), then MAYbe you'll see importance in patience to use tool that gives correct info. Here's the correct weekly tool. Still working on Daily again and also will be working on monthly. Use any indicators at your own risk. You never know if they are giving correct info unless you or someone else has thoroughly checked them out.

Kindest regards,

Don

[nanningbob]

This is a 4H pic and the newest update. I will be using this screen starting Monday for all my 10.3 trades. I still am concerned about the RAM usage of Don's DO and DP. Hopefully we will be able to speed it up.

I am testing it too. And have entered 30 min after LO . One question reffering to the Jumping SL. The EA gives me continuously a pop message which says:

"10.3 TM JUMP EA +10 to +2 -- 50% TP+20 XAUUSD,H1: Alert: 10.3 TM JUMP EA +10 to +2 -- 50% TP+20 2341922 TradeManagementModule stop loss modification failed with error 1: no error"

The SL is moved correctly.
Anyone else has this failure? I look into the EA but have not found how to turn it off. : thx

Ｉhad set the continue to move to 0 which sends the error because it is expecting something. Set the continue to 1 or more and the message goes away. If you set it at 1 every 6 pips will move the SL up 1 pip.

[jimbob1406]

I am testing it too. And have entered 30 min after LO . One question reffering to the Jumping SL. The EA gives me continuously a pop message which says:
"10.3 TM JUMP EA +10 to +2 -- 50% TP+20 XAUUSD,H1: Alert: 10.3 TM JUMP EA +10 to +2 -- 50% TP+20 2341922 TradeManagementModule stop loss modification failed with error 1: no error"
The SL is moved correctly.

Anyone else has this failure? I look into the EA but have not found how to turn it off. : thx[/quote]
Ｉhad set the continue to move to 0 which sends the error because it is expecting something. Set the continue to 1 or more and the message goes away. If you set it at 1 every 6 pips will move the SL up 1 pip.[/quote]
Thx

[effluvium]

I had set the continue to move to 0 which sends the error because it is expecting something. Set the continue to 1 or more and the message goes away. If you set it at 1 every 6 pips will move the SL up 1 pip.

Bob, is it possible to update all the 10.3 system in post 1? After Don has updated and rewrote some indicators, I don't understand which things are supposed to be put together and attached to the charts to give accurate informations.
It seems that the last DON Weekly pivot WP is including DO (Daily Open). And what about Monthly Pivot ? Should we expect that it will be rewritten ? I'm very confused

[gaheitman]

This is a 4H pic and the newest update. I will be using this screen starting Monday for all my 10.3 trades. I still am concerned about the RAM usage of Don's DO and DP. Hopefully we will be able to speed it up.

I am testing it too. And have entered 30 min after LO . One question reffering to the Jumping SL. The EA gives me continuously a pop message which says:

"10.3 TM JUMP EA +10 to +2 -- 50% TP+20 XAUUSD,H1: Alert: 10.3 TM JUMP EA +10 to +2 -- 50% TP+20 2341922 TradeManagementModule stop loss modification failed with error 1: no error"

The SL is moved correctly.
Anyone else has this failure? I look into the EA but have not found how to turn it off. : thx

Ｉhad set the continue to move to 0 which sends the error because it is expecting something. Set the continue to 1 or more and the message goes away. If you set it at 1 every 6 pips will move the SL up 1 pip.

Another option is to change the code so that it makes sure it is setting a new stop loss. For example, instead of:

Code: Select all

if (modify) 
   {
      bool result = OrderModify(TicketNo, OrderOpenPrice(), NewStop, OrderTakeProfit(), OrderExpiration(), CLR_NONE);
      if (!result)
      {
         ReportError(" TradeManagementModule ", slm);
         return;//Don't want to update the GV
      }//if (!result)
      
      GlobalVariableSet(GvName, NextJumpTarget);
   }//if (modify)

we could use something like:

Code: Select all

   if (modify && MathAbs(OrderStopLoss()-NewStop) >= MarketInfo(OrderSymbol(), MODE_POINT))
   {
      bool result = OrderModify(TicketNo, OrderOpenPrice(), NewStop, OrderTakeProfit(), OrderExpiration(), CLR_NONE);
      if (!result)
      {
         ReportError(" TradeManagementModule ", slm);
         return;//Don't want to update the GV
      }//if (!result)
      
      GlobalVariableSet(GvName, NextJumpTarget);
   }//if (modify)

George

[disbellj]

Bob, is it possible to update all the 10.3 system in post 1? After Don has updated and rewrote some indicators, I don't understand which things are supposed to be put together and attached to the charts to give accurate informations.
It seems that the last DON Weekly pivot WP is including DO (Daily Open). And what about Monthly Pivot ? Should we expect that it will be rewritten ? I'm very confused

effluvium,

Since it seems I'm the one that understands what I'm talking about, I am the one to update the indicators. I am doing so as fast as I can, but I am just one person. Doing the best I can.

Anyways, the Weekly indicator I just posted has the option to show Weekly pivot, Weekly open, Weekly S/R levels calculated from pivot, Week high, and Week low.

It looks like Bob has no problem implementing this stuff as it gets done. He may be waiting on me to finish the changes. I don't know.

But I guess there's no problem with working out kinks in EA stop jumping, etc. which will need to be right when I get code for opens/pivots/S/R (and I guess Fibs too at some point) done. Good going fellas!

Kindest regards,

Don

[disbellj]

I don't even know if the DailyOpenPivotSR indicator or the WeeklyOpenPivotSR that I've given are either one correct, and if they are correct partially or fully. It would be nice if those that know how to test the indicators would and give feedback positive or negative. If you go to a GMT+2 broker, do the opens and pivots match what you see on your chart?

Kindest regards,

Don

[effluvium]

I don't even know if the DailyOpenPivotSR indicator or the WeeklyOpenPivotSR that I've given are either one correct, and if they are correct partially or fully. .....

Don't you think more practical to combine these indicators in one, like Baluda's DWM Pivots, with external parameters to hide/unhide Resistance/Support lines ?

[nanningbob]

I had set the continue to move to 0 which sends the error because it is expecting something. Set the continue to 1 or more and the message goes away. If you set it at 1 every 6 pips will move the SL up 1 pip.

Bob, is it possible to update all the 10.3 system in post 1? After Don has updated and rewrote some indicators, I don't understand which things are supposed to be put together and attached to the charts to give accurate informations.
It seems that the last DON Weekly pivot WP is including DO (Daily Open). And what about Monthly Pivot ? Should we expect that it will be rewritten ? I'm very confused

That is the official test version. I am not putting Don's up there because it is not a final product, everything in post 1 is a final testing product until testing proves changes are needed. I have no problems with what is on page 1 post 1. It has been a winner every week so far. With the adding on of placing trades before market opens I have had a very sound win/loss ratio and pips won/lost ratio. The only thing Don's does for me at this time is post lines before the JPY session so I can trade it easier during the JPY session. If it doesnt make sense to me I will go back to the version posted there with the exception of adding Steve's jump EAs. So far with Don's lines I am 3 wins 1 loss, so far no complaints. I will be looking at the USA session after a shower and see if I want to enter any more trades today. This beats my last week open of 1 win and 9 losses. So the improvement is not so much where the lines are but entering near the market opens. That is the biggest improvement for now. The jury is still out on the jump EAs but if I see I am taking fewer full SL losses then that will solidify it into the final version.

We make trading so complicated and difficult. This system is simple open above pivot - buy, open below pivot - sell. Then find your best entrance into that trade direction using two of the most standard trading options used by traders for ages. Take a trade at the cross of the trendline break, (go study Tom DeMark if you dont know what I mean) OR enter at the break of the daily open.

1. Get trend direction from the 2 lines
2. Get trend strength or range from 10.2a from 4H chart. Do I TP at S1/R1 or S2/R2?
3. Decide how you want to enter the trade
4. Then go trade.

Dont make it complicated, keep it simple and consistent. Let the 5.1 enter the TL trades and the DO EA enter your Open line trades. Let the MPTM set your TP and SL and the JUMP EA move your SL up. Go take your wife out for pizza, which I did, got home was up 3-1 take a shower set new trades, watch some TV. See you all later.

[blazko]

Bob and others,
forgive me the question. I just got back to the thread and i'm completely lost. I went thru page 1-42 scanning what was said about the original 10.3 strategy, then (pages 43 to now) found things get more complicated (or "in development") and just got confused how to start testing the system.

If page 42 is still the most recent, tested version, how should i follow the on screen rules? I simply open the chart and place buy/sell orders no matter what time it is?I see Bob mentioning JPY open from time to time but couldnt find any explicit rule about it.

Also, how the entrance EA should work? Both 10.3 51 ma buy/sell any... and 10.3 ma but/sell dp.do entered the market instantly when i placed them on aud/cad aud/chf and aud/jpy (just to see how that will work). I expected one of them will wait for a white line bounce or something similar, but most probably got that wrong.

So, to sum things up - is there a post summarizing the rules that i missed somewhere? Could any of you be so kind and point it?

Thank you.
Best regards,
blazej