10.3 SCALPER/RANGE TRADE SYSTEM

[hilavoku]

I surerly knew that the background color changes when the Pivot order changes

[yamez]

Yamez,

Oh thanks a lot !

BTW, my indy is the one included in Phil's rig from last week, that 10.3a D.Fib DPSx/Rx
which Phil said is Mobthehop's adaptation of Baluda's work.

Which is your version? Fib 3 vs Fib 5/6 is a big difference.
My crim is FXCM and they start 0 GMT as far as I can tell. What is your crim time?

Athar.

Hi Athar,

The fib indy I attached was from an earlier Mobthehop post, compare the source code/file size for differences.

My broker is FX Primus ECN, their tech support told me "GMT +3 from March until November, and switches to GMT +2 from November until March"

yamez

[nanningbob]

I would be interested in knowing which one is considered the best. Even though I normally dont use Fibs, there are enough people interested to include it in my final version

[AnotherBrian]

I would be interested in knowing which one is considered the best. Even though I normally dont use Fibs, there are enough people interested to include it in my final version

The only one I ever use 78% (78.6). Its not the most popular, but its more reliable than 38, 50 and 62, iy also doesn't get hit that often compared to the others.

[babalu4u]

I would be interested in knowing which one is considered the best. Even though I normally dont use Fibs, there are enough people interested to include it in my final version

The only one I ever use 78% (78.6). Its not the most popular, but its more reliable than 38, 50 and 62, iy also doesn't get hit that often compared to the others.

I am using 82% (0.82) instead of 78.6 ..... I am using this fib also with DC's ForexRobot with great success...

[disbellj]

Well, don't know if my update will muck up the waters or not, but I decided to get rid of use of buffers and use objects for drawing instead. I do still draw history. Just like pivots are closer between criminals from my work, these will most likely provide different prices for the Fib levels than you have seen, but hopefully closer between criminals, since I am doing the best I can to correct and/or sync open data using lower timeframe data to get higher timeframes' open times and prices.

I have also added FibSR although I am not using AverageRange to calculate it, just last month, last week, or yesterday's range. I just used levels in Fib11 so the FibSR I have may not be the latest levels? Anyways, I've never made Fibs like this, but hey if it works, then cool. Always looking for the best/most profitable combinations. Update is on my website named DayWeekMonth_OpenPivotFibSR_DonSyncCrims_121612.mq4.

Note: I have ShowInfo as True by default. As everything is correct as long as 4 values are correct for Month, 4 for Week, and 4 for Day, I have put these in ShowInfo. As you step up or down timeframes, if you see a start time as 1970, or an open price as 0, these are sure signs you can't trust any lines calculated from that start time or open price, and need to go up a timeframe.

Also, if Month start time is in middle of month and not within first days of month, these are signs that everything is going to be unreliable on that timeframe for Month lines (MO, last month's high/low, MP,Pivot S/R, Fibs S/R), so best just to move up a timeframe and see if there is enough history on that timeframe to make the Monthly data/lines reliable.

Everything is turned on by default. It's easy to choose the indicator in Empty4 Navigator, hit Enter to open in MetaEditor, copy and paste True or False to make the options hard-coded so you don't have to change them every time, and then hit F5 to Save and Compile the indicator for Empty4 use.

Better colors I'm sure can be used, and if Bob wants to give me colors to use for all these levels for month, week, and day, I will gladly change the colors, and also make them external in an update.

If Empty4 is restarted, you switch timeframes, or just have a sense that the data is incorrect, it's easy to Reset the indicator (control-I, click Edit, click Reset, click OK).

Kindest regards,

Don

[nanningbob]

Well, don't know if my update will muck up the waters or not, but I decided to get rid of use of buffers and use objects for drawing instead. I do still draw history. Just like pivots are closer between criminals from my work, these will most likely provide different prices for the Fib levels than you have seen, but hopefully closer between criminals, since I am doing the best I can to correct and/or sync open data using lower timeframe data to get higher timeframes' open times and prices.

I have also added FibSR although I am not using AverageRange to calculate it, just last month, last week, or yesterday's range. I just used levels in Fib11 so the FibSR I have may not be the latest levels? Anyways, I've never made Fibs like this, but hey if it works, then cool. Always looking for the best/most profitable combinations. Update is on my website named DayWeekMonth_OpenPivotFibSR_DonSyncCrims_121612.mq4.

Note: I have ShowInfo as True by default. As everything is correct as long as 4 values are correct for Month, 4 for Week, and 4 for Day, I have put these in ShowInfo. As you step up or down timeframes, if you see a start time as 1970, or an open price as 0, these are sure signs you can't trust any lines calculated from that start time or open price, and need to go up a timeframe.

Also, if Month start time is in middle of month and not within first days of month, these are signs that everything is going to be unreliable on that timeframe for Month lines (MO, last month's high/low, MP,Pivot S/R, Fibs S/R), so best just to move up a timeframe and see if there is enough history on that timeframe to make the Monthly data/lines reliable.

Everything is turned on by default. It's easy to choose the indicator in Empty4 Navigator, hit Enter to open in MetaEditor, copy and paste True or False to make the options hard-coded so you don't have to change them every time, and then hit F5 to Save and Compile the indicator for Empty4 use.

Better colors I'm sure can be used, and if Bob wants to give me colors to use for all these levels for month, week, and day, I will gladly change the colors, and also make them external in an update.

If Empty4 is restarted, you switch timeframes, or just have a sense that the data is incorrect, it's easy to Reset the indicator (control-I, click Edit, click Reset, click OK).

Kindest regards,

Don

Thanks Don. I cant download from China until I get my VPN working again but your indi is up next. Will fit it in and see what happens.

[disbellj]

Bob,

Well, I've added both TmaSlope and TmaTrueSlope, both current bar readings. As we see, they are the same, so no need to list both and as long as looking at the current bar, they will always be the same.

I'm now confused (been up for days with no sleep coding one of my elaborate EAs, may not give since I'm broke, need more cigs, and have received hardly no donations for what I have done so far, but I am still working on the indicator on a donation basis... for now. I'm gonna have to find a way to sell my EAs - my crown jewels - just so I can have consistent income coming in until I get my small account growing. Gotta get by somehow even if not employed. I also consider what I'm doing to be worth more than a job would pay me, and I know it will pay off for me and whoever has ever given a donation to me. So if I harp on it, it's cause I need money to live and consider my tools are in best of class at this point, after 5 years of almost constant coding, and will do whatever I can to not get a job so I can do what I now do best - coding MQL4 for hours on end - which I simply could not do near as much with a job).

I know we want to have 10.2a and 10.3 merged together, and they both did depend on TmaSlope originally - using level 0.4 and 0.8, but now having same values with TmaTrueSlope and using levels 0.3 and 0.6, actually should be getting in earlier than when using TmaSlope - but since it hasn't been included, where do you want it (between which existing columns), and how do you want it included in rules?

Sorry for dumb questions, I just know it has gotten a little muddled by me adding Phil's stuff which conflicts with your signals, Phil doesn't look to be supporting what he gave before, and I'm thinking about removing it for these reasons.

Also, it would probably be good to have different colored levels for MO,MP,MS/R,MFibS/R color scheme, and different for Weekly and Daily. I will go by your suggestions.

Just let me know.

Kindest regards,

Don

[glabbeek]

Hi Don and Bob,

I've been out of the game for a month or 2 because our newest baby girl was born, but this is one of the threads that I've been following with great interest.

I think Bob made an important statement in emphasizing on the fact that the TMA is not to be used for trade entries, just to see what the 'flow' is.

I took this a step further and integrated the TMA into an exit strategy that I'm developing. It comes down to this: When a buy is entered, a 3*ATR stop loss is placed below the entry price. Each time a new high is made the stop loss moves up to 3*ATR below the new high. If the pair keeps rising the stop loss will become a break even stop and thereafter a trailing profit stop. The TMA is used to tighten the 3*ATR. When the TMA falls below 0.8 the ATR factor decreases 0.05 units per bar. So if the TMA is 0.6 the next bar 2.95*ATR is used. The next bar 2.90*ATR and so on.

My background is in stocks. The funny thing is that on longer timeframes Forex is much more stable and predictable than individual stocks, but on short timeframes it's the opposite. Important newsflashes can create large ATR shifts on Forex timeframes below the daily timeframe. This is something that can be overcome, but I need more data and testing.

Now for Don's Allpairs indicator. This a 'little' gem! It is a very good translation of Bob's Scalper ideas and with all the time shift corrections it's a constant for all users, worldwide!

Testing that I've done so far show a over 40% hit rate, with more importantly good risk values. I'm getting (4:1). This means a average winner is 4 times as big as average losing trade. So to break even you only need a hitrate of 20%!!

So far I only used manual entries based on Don's Allpairs indicator and I used my ATR exit, that was build by Steve. All is looking promising, but it needs to be automated so the results are based on fact's and constants.

Therefore I'm looking for a way to get an EA of Don's indicator. It should enter the market with a pending order when Europe opens and be able to use a magic number so I can attach the ATR exit. Used together it can be a very powerful step up.

Regards,
Willem-Bram

[xrismak]

Hi Don and Bob,

I've been out of the game for a month or 2 because our newest baby girl was born, but this is one of the threads that I've been following with great interest.

I think Bob made an important statement in emphasizing on the fact that the TMA is not to be used for trade entries, just to see what the 'flow' is.

I took this a step further and integrated the TMA into an exit strategy that I'm developing. It comes down to this: When a buy is entered, a 3*ATR stop loss is placed below the entry price. Each time a new high is made the stop loss moves up to 3*ATR below the new high. If the pair keeps rising the stop loss will become a break even stop and thereafter a trailing profit stop. The TMA is used to tighten the 3*ATR. When the TMA falls below 0.8 the ATR factor decreases 0.05 units per bar. So if the TMA is 0.6 the next bar 2.95*ATR is used. The next bar 2.90*ATR and so on.

My background is in stocks. The funny thing is that on longer timeframes Forex is much more stable and predictable than individual stocks, but on short timeframes it's the opposite. Important newsflashes can create large ATR shifts on Forex timeframes below the daily timeframe. This is something that can be overcome, but I need more data and testing.

Now for Don's Allpairs indicator. This a 'little' gem! It is a very good translation of Bob's Scalper ideas and with all the time shift corrections it's a constant for all users, worldwide!



Testing that I've done so far show a over 40% hit rate, with more importantly good risk values. I'm getting (4:1). This means a average winner is 4 times as big as average losing trade. So to break even you only need a hitrate of 20%!
So far I only used manual entries based on Don's Allpairs indicator and I used my ATR exit, that was build by Steve. All is looking promising, but it needs to be automated so the results are based on fact's and constants.

Therefore I'm looking for a way to get an EA of Don's indicator. It should enter the market with a pending order when Europe opens and be able to use a magic number so I can attach the ATR exit. Used together it can be a very powerful step up.

Regards,
Willem-Bram

Hi Willem-Bram,

You most likely need to have a Word with Awesome Baluda (Paul) about making an EA but also have a word with Don about his code for the Allpairs Indicator. What I would like to know is if anyone can code the ATR you use for Exits into a script or EA so all one does is drag it on to the charts when a Position / Trade is Opened....... It will save manually trying to calculate where to move sl when the market moves fast.


Happy trading Y'all
xrismak