nanningbob wrote:So the results of my study was this. NO jump EA just a straight -20 pip SL or other side of pivot line which would most of the time produce a smaller stop but I will count all SL as -20. Euro session 5 winners potential of 280 pips -40 for 2 SL equal +240 but remember that is max and most likely not realistic. Get half or more would be realistic and that would be 100-150 pips total. JPY session 2 winners and 2 losers 120 - 40 = 80 but only count half for 40 USA session 1 winner 2 losers 100 - 40 = 60 but only count half for 30 NZD session not really anything and I dont trade at that time so wont count it.
Total 5 days 3 trading sessions = 8 winners 6 losers 500 - 120 = 380 realistically get half lets say 180-200 pips a week from that pair.
Rules are simple set the pivot lines 1 hour before a session opens. Take any trades inside the box going back towards the open. In other words a typical 10.3 trade. Place a pending trade above/below the daily open line (light or white colored line) Set you MPTM to +100 -20 or set the SL and TP with the pending trade. If trade is not taken in first 2 or 3 hours in the session. Clean the slate and wait until the next session.
Bob this is a great idea resetting the pivots for each session - I'm going to try this next week. I'm also going to print out this post and read / re-read.
Where do you get the ideas from ?? They just keep coming
nanningbob wrote:So the results of my study was this. NO jump EA just a straight -20 pip SL or other side of pivot line which would most of the time produce a smaller stop but I will count all SL as -20. Euro session 5 winners potential of 280 pips -40 for 2 SL equal +240 but remember that is max and most likely not realistic. Get half or more would be realistic and that would be 100-150 pips total. JPY session 2 winners and 2 losers 120 - 40 = 80 but only count half for 40 USA session 1 winner 2 losers 100 - 40 = 60 but only count half for 30 NZD session not really anything and I dont trade at that time so wont count it.
Total 5 days 3 trading sessions = 8 winners 6 losers 500 - 120 = 380 realistically get half lets say 180-200 pips a week from that pair.
Rules are simple set the pivot lines 1 hour before a session opens. Take any trades inside the box going back towards the open. In other words a typical 10.3 trade. Place a pending trade above/below the daily open line (light or white colored line) Set you MPTM to +100 -20 or set the SL and TP with the pending trade. If trade is not taken in first 2 or 3 hours in the session. Clean the slate and wait until the next session.
Bob this is a great idea resetting the pivots for each session - I'm going to try this next week. I'm also going to print out this post and read / re-read.
Where do you get the ideas from ?? They just keep coming
Where do I get these ideas? Well when the JPY session blows price up away from the DO and I cant trade i look for alternatives. Things I was trained in by Peter Bain and how the BIG DOGS trade. The problem was back then I didnt know how to use some of that stuff and never got good. I remember him talking about professional traders resetting their pivots but never took to it until Baluda's indi gave me a chance to try it. Now it kind of jumps out at you and you understand why they do it. Basically took a standard breakout system and added it to DO and DP and bingo it looks good.
The bad news is I couldnt trade today because my Cowboy IBFX connection has been getting knocked off all day long. Dont know if it is Chinese internet or Cowboy IBFX server problems So I dont even know where price went today after I went home. I will download a fresh copy of Empty4 and see if that is the problem this weekend.
blazko wrote:Bob - is there a chance you could update post #1 with the most recent EA's, templates, indies?
I found what i wanted - including Baludas work but that took quite some time.
Your thread is uber awesome but is growing so quickly that it makes me scared every day when i miss the time to catch up
Best regards
All the official stuff is on pg 1 post 1. If this works it will go there. I have one update so far and that contains Baluda's updated indi.
nanningbob wrote:Euro session 5 winners potential of 280 pips -40 for 2 SL equal +240 but remember that is max and most likely not realistic. Get half or more would be realistic and that would be 100-150 pips total. JPY session 2 winners and 2 losers 120 - 40 = 80 but only count half for 40 USA session 1 winner 2 losers 100 - 40 = 60 but only count half for 30 NZD session not really anything and I dont trade at that time so wont count it.
Bob,
Just to be sure, what value do you use for 'hoursFromGMT' for the sessions you mentioned?
Thank you.
Paul
The problem is I am not on the same Time as the rest. China doesnt have daylight savings time I know that is not now and each broker has different settings so I dont know how that fits with your computer. But if I use USA EST-- JPY session is set a 7PM, EURO 3AM and USA 8 AM. I think. What I did is set the pivot when it was an hour before each session so I got it right.
nanningbob wrote:Euro session 5 winners potential of 280 pips -40 for 2 SL equal +240 but remember that is max and most likely not realistic. Get half or more would be realistic and that would be 100-150 pips total. JPY session 2 winners and 2 losers 120 - 40 = 80 but only count half for 40 USA session 1 winner 2 losers 100 - 40 = 60 but only count half for 30 NZD session not really anything and I dont trade at that time so wont count it.
Bob,
Just to be sure, what value do you use for 'hoursFromGMT' for the sessions you mentioned?
Thank you.
Paul
The problem is I am not on the same Time as the rest. China doesnt have daylight savings time I know that is not now and each broker has different settings so I dont know how that fits with your computer. But if I use USA EST-- JPY session is set a 7PM, EURO 3AM and USA 8 AM. I think. What I did is set the pivot when it was an hour before each session so I got it right.
Hi Bob,
I would like to know how to set this Pivot thing you are talking about, there's something else I have been doing for the Past 2 weeks with Relative success, I will start Saving my Charts and Trades so that I can make some illustrations of what I am saying for others to see, my first Example is as follows below, see if you Notice what I am trying to say, the Picture is worth a Thousand words.
Happy Trading ,
xrismak
You do not have the required permissions to view the files attached to this post.
nanningbob wrote:Euro session 5 winners potential of 280 pips -40 for 2 SL equal +240 but remember that is max and most likely not realistic. Get half or more would be realistic and that would be 100-150 pips total. JPY session 2 winners and 2 losers 120 - 40 = 80 but only count half for 40 USA session 1 winner 2 losers 100 - 40 = 60 but only count half for 30 NZD session not really anything and I dont trade at that time so wont count it.
Bob,
Just to be sure, what value do you use for 'hoursFromGMT' for the sessions you mentioned?
Thank you.
Paul
The problem is I am not on the same Time as the rest. China doesnt have daylight savings time I know that is not now and each broker has different settings so I dont know how that fits with your computer. But if I use USA EST-- JPY session is set a 7PM, EURO 3AM and USA 8 AM. I think. What I did is set the pivot when it was an hour before each session so I got it right.
Hi Bob,
I would like to know how to set this Pivot thing you are talking about, there's something else I have been doing for the Past 2 weeks with Relative success, I will start Saving my Charts and Trades so that I can make some illustrations of what I am saying for others to see, my first Example is as follows below, see if you Notice what I am trying to say, the Picture is worth a Thousand words.
Happy Trading ,
xrismak
I notice the trade off of the double top where the red arrow is at.
nanningbob wrote:Euro session 5 winners potential of 280 pips -40 for 2 SL equal +240 but remember that is max and most likely not realistic. Get half or more would be realistic and that would be 100-150 pips total. JPY session 2 winners and 2 losers 120 - 40 = 80 but only count half for 40 USA session 1 winner 2 losers 100 - 40 = 60 but only count half for 30 NZD session not really anything and I dont trade at that time so wont count it.
Bob,
Just to be sure, what value do you use for 'hoursFromGMT' for the sessions you mentioned?
Thank you.
Paul
The problem is I am not on the same Time as the rest. China doesnt have daylight savings time I know that is not now and each broker has different settings so I dont know how that fits with your computer. But if I use USA EST-- JPY session is set a 7PM, EURO 3AM and USA 8 AM. I think. What I did is set the pivot when it was an hour before each session so I got it right.
Hi Bob,
I would like to know how to set this Pivot thing you are talking about, there's something else I have been doing for the Past 2 weeks with Relative success, I will start Saving my Charts and Trades so that I can make some illustrations of what I am saying for others to see, my first Example is as follows below, see if you Notice what I am trying to say, the Picture is worth a Thousand words.
Happy Trading ,
xrismak
The update on page 1 post 1 has Baluda's newest indi MWDP 1.09. All you have to do is change the hours to GMT in the indi. For example with Cowboy IBFX it is set to 0 for jpy opening. So setting it at 1 sets it back 1 hour for me to get JPY open pivot set one hour before opening. You can go to http://www.forexfactory.com/ at FF to get market start times and adjust your indi from there. I am not sure how that plays out with all the different broker start and ending times around the world.
nanningbob wrote:
The update on page 1 post 1 has Baluda's newest indi MWDP 1.09. All you have to do is change the hours to GMT in the indi. For example with Cowboy IBFX it is set to 0 for jpy opening. So setting it at 1 sets it back 1 hour for me to get JPY open pivot set one hour before opening. You can go to http://www.forexfactory.com/ at FF to get market start times and adjust your indi from there. I am not sure how that plays out with all the different broker start and ending times around the world.
Bob,
Just a general question about the EAs you are suggesting with 10.3.
I have counted 16 EAs + 3 Jump EAs + MPTM EA.
Could we imagine to group several Buy/Sell EAs into just ONE Buy/Sell EA which could have different parameters that could be set by the trader to let (if he wishes) the EA react when the price is crossing EMA 5, SMA 10, or DO or DP ? (Meaning he could choose (or not) for hedging these different thresholds)
Another question: What is the main difference between "10.3 1X10 BUY.CLOSE 1.1" EA and "10.3 10.0 MA BUY ANY TF SHFM 11.12" EA? Thanks
nanningbob wrote:Euro session 5 winners potential of 280 pips -40 for 2 SL equal +240 but remember that is max and most likely not realistic. Get half or more would be realistic and that would be 100-150 pips total. JPY session 2 winners and 2 losers 120 - 40 = 80 but only count half for 40 USA session 1 winner 2 losers 100 - 40 = 60 but only count half for 30 NZD session not really anything and I dont trade at that time so wont count it.
Bob,
Just to be sure, what value do you use for 'hoursFromGMT' for the sessions you mentioned?
Thank you.
Paul
The problem is I am not on the same Time as the rest. China doesnt have daylight savings time I know that is not now and each broker has different settings so I dont know how that fits with your computer. But if I use USA EST-- JPY session is set a 7PM, EURO 3AM and USA 8 AM. I think. What I did is set the pivot when it was an hour before each session so I got it right.
Hi Bob,
I would like to know how to set this Pivot thing you are talking about, there's something else I have been doing for the Past 2 weeks with Relative success, I will start Saving my Charts and Trades so that I can make some illustrations of what I am saying for others to see, my first Example is as follows below, see if you Notice what I am trying to say, the Picture is worth a Thousand words.
Happy Trading ,
xrismak
The update on page 1 post 1 has Baluda's newest indi MWDP 1.09. All you have to do is change the hours to GMT in the indi. For example with Cowboy IBFX it is set to 0 for jpy opening. So setting it at 1 sets it back 1 hour for me to get JPY open pivot set one hour before opening. You can go to http://www.forexfactory.com/ at FF to get market start times and adjust your indi from there. I am not sure how that plays out with all the different broker start and ending times around the world.
Hi Bob,
Now that I have Updated the Indicator, I have also Inserted a Clock (indicator) that Show's me GMT which is the Same as my Local Time here in the UK, so meaning that I would have to Set GMT on the DWMP 1.09 Indicator to =0 to get European Session's open pivot set one hour before opening, please let me know if I am Right or Wrong. Please see the Uploaded Chart to understand where I am coming from.
Many Thanks,
xrismak
You do not have the required permissions to view the files attached to this post.
nanningbob wrote:
... I will download a fresh copy of Empty4 and see if that is the problem this weekend.
Hi Bob,
I don't know if you are already using AxiTrader as your broker yet but I will pass this information on to you just in case. It will probably also apply to some other borkers. The last installation of Empty4 from AxiTrader I did about 3 weeks ago had a problem. None of the indicators or EAs had an input tab when you added them to a chart. I thought for a while 'someone' was stopping us mugs from entering silly values into the settings by taking away the ability to change anything. So I just edited the file in Metaeditor.
When I finally got around to it I found there was a problem in the "MetaLang.exe" file. See here: http://forum.mql4.com/53209 The answer is to upgrade the file by using the version supplied on page 2.
Before I did this I had downloaded the latest version from AxiTrader - and still had the same problem. My version is 4.00 Build 451. It may well be fixed by now, but at least you know where the answer is if you need it.
?? They just keep coming
