10.3 SCALPER/RANGE TRADE SYSTEM

[disbellj]

I'm still working on update but it's easy enough to do yourself. Still working on update since I'm not familiar with multi-dimensional arrays (my code would be neateri f I did know that). I have before in my AllPairsSort indicator (sort from most gain to most loss from beginning of period, not posted on website - it needs updated) made pairs array, made a separate double array to hold numbers, then sorted numbers (double array) and then relinked string (pair names) array with sorted double array. I have a feeling that I could have done this all along with multi-dimensional arrays, but have the columns and rows mixed up? Still trying to understand it. My chart looks like this right now. Showing the double values instead of string (e.g. P DO DP WP MP) in a concatenated string of 5 sorted values. It'll get worked out one way (long method) or another (short method if I get columns and rows of e.g. [50][5] understood, which may soon).

You have a great wekend too!

Kindest regards,

Don

[disbellj]

Getting closer LOL! Now I got 2 4 3 0 1 hehehe

That's the second dimension of the array, that should be the names, but I am having a hard time finding where and how strings are added to double arrays. This is the part that's always held me up before I remember now. I'm gonna take a rest and come back to it later.

Have a great weekend everybody!

Kindest regards,

Don

[disbellj]

I laid down, didn't even get a cigarette smoked and I'm thinking there is no way to add string to double, they have to be put back together after sort, so I am further. I got correct display on one pair. Why not rest of pairs? Good question. I'll be working on it.

Don

[disbellj]

OK, got it. JUst need to work out some spacing issues, replacing colors I picked to be colors from existing 10.3 Test template (most recent one I don't know) and ya'll will have an update some time this weekend.

[pacinvest]

Greetings

I an offering a simple trade example here from this afternoon NY time (Sat morning in New Zealand).
This uses a 10.3 bias for the day down from DO and is a classic retrace from a strong earlier move up back towards the DO.

This fits I think in the basket of ideas about CT trades late in the market day. It is also of course a classic Friday afternoon scalp that most traders know about ( i.e. profit taking retrace).

I put notes on the chart that explain the rules I use. The take home point of this trade all comes from comments DancingPhil made here a while back that got me thinking. They are:

- In the quiet times of the market day the flying budda gives excellent indications of range and trade triggers especially when used along with other trade bias.

- Candle patterns are very helpful to interpretation of calling the budda entries and exits

- TMA slope helps to confirm that the market is in 'quiet' phase. My interpretation < .4 & > -.4. = budda scalp trigger potential

- This setup has potential to support large lot trading either with hedge protection or tight stop loss meaning of course it can be very profitable.

Today I ran with the tight SL approach and harnessed the wonderful MPTM to do the work. The settings I used are there on the chart. Today on these trades the MPTM is working perfectly doing the whole job once the trade is entered.

You can leave the exit to the jumping stop or as I did on this one I used a manual exit based on the budda/candle pattern signal. 10 pips profit on this trade.

I am interested in any comments any of you have on this trade and set-up. The trade on the chart was a live account trade with 1 lot. As I am writing this I have done a similar 2nd trade on the next bump down using my practice demo account with 8 lots. Its now 4 pips in profit and MPTM is resetting SL down as I write to -1 pip. So trades become safe pretty quick.

Worth thinking about - its all about risk and return.........................On the practice account today I have done six of these on the EUR pairs and five were winners, the looser involved a poor entry decision on my part. Could have been avoided. Small pips - low risk - big lots - big profit.

Have a good weekend all. Its summer here and I am out the door...........

[pacinvest]

Here is the 2nd trade in this series on my practice account. I exited this trade manually on the last candle of the day. Same trade rules as previous post.

[xrismak]

Don,

Now you have my Attention Big Time, I have it on that Criminal now.
You are talking to me in the Language I understand, (Action) I am going to wait until Sunday UK time to see if this Indi will change as in numbers and signals then we can talk some other things.
Well Done,

Y'all have a Nice weekend.


xrismak

[disbellj]

Awesome! i can say I am pleased with the results.

Looks like I need to bundle a template with the indicators how I use them.

And pacinvest, we must be kindred spirits, cause you are talking my language. Small SL, Large Profit. Double an account in one day hundreds of pips, or even less with one or two pairs and high leverage - not for the faint of heart. BUT, I've NEVER taken advantage of (or had as much knowledge as I thought / hoped) in the area of TP and locking in profit, although it is in many EAs I've made - how stupid am i?)

I've been close to automating a very profitable strategy in my CurrencyTraderEA, but development stopped before it was finished in my email group (sort of, I do have one user testing a change, and waiting for feedback. If it's profitable, then of course I will post it).

If this thread "strategy mix" proves out in AllPairs indicator, then it would not be too far of a stretch to make the same indicator into an EA by adding necessary functions, made in part by Robert Hill aka MrPip on FF in T101 indicator development thread, and part by me since then, to trade the 8 currencies. This wa derived from furthering the idea of my BuyBaskets indicators posted on my website. And part of the code would be need to be added by Steve probably - his TP code. I may be able to do it. I don't know. Haven't used the EAs really Steve made. Would be cool to have it all in one, with the AllPairs "face" on the AllPairsEA or CurrencyTraderEA existing shell, and Steve's MM Bob made put in. Wow that's awesome just thinking about it!

One BuyBaskets indicator has been updated with my latest functions, and the other has not been updated, and may not be updated since I use it on lower timeframes mostly. I don't know yet since I'm concentrating on this now.

If you were to want to fix a problem that affected many users, which strategy would you pick? I decided to fix it here since I am here now. So this thread has the best first.

IMPORTANT: I am a scalper at heart, and although the indicators were made on H1 chart, I myself turn on comments and info and go down to lower timeframes until the numbers change. I just thought of something. I can do a check on H1 timeframe, and then do a check on current timeframe, and if the results do not match, I draw nothing and simply state that:
"Unless history is downloaded from MetaQuotes in History Center by pressing the download button and downloading M1 history for the pair, closing History Center, opening it again, and clicking Download button again, then click OK to recreate all timeframe data from M1 data downloaded first time"

That's a heck of an Alert LOL. Anyhow, will worry about that later.

Kindest regards, and have a great weekend. Can't say I won't make other posts this weekend.

Don

[disbellj]

xrismak. Wow, just noticed something. It looks like you're manually trying to match one-chart Eastern times with your broker's time? The offset is clearly wrong, but not locked in I can tell, so it should update to be correct the offset when the next week opens (first tick), and lock in then. Just let me know if it doesn't.

Thanks.

Don

[xrismak]

xrismak. Wow, just noticed something. It looks like you're manually trying to match one-chart Eastern times with your criminal's time? The offset is clearly wrong, but not locked in I can tell, so it should update to be correct the offset when the next week opens (first tick), and lock in then. Just let me know if it doesn't.

Thanks.

Don

Don,
The Markets were Closed when I ran the Indicator on my Criminal, I stuck the send Fake ticks script on it just to see if the Indicator was feeling me and Yeah it kind of has a Valve ticking, anyway we will wait til Sunday to see if it will Update to the correct offset and take it from there.

Thanks Don, good Job,

xrismak