10.3 SCALPER/RANGE TRADE SYSTEM

[xrismak]

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.

Cheers,
Mick

Madpipa,
I am currently using the Same Version 4.00 Build 451. as yours and I don't have that Problem at all with my Indicator or Experts Input Tab.

Regards,
xrismak

[madpipa]

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.

Cheers,
Mick

Madpipa,
I am currently using the Same Version 4.00 Build 451. as yours and I don't have that Problem at all with my Indicator or Experts Input Tab.

Regards,
xrismak

Thanks Xrismak. Lucky you! I thought I had forgotten how to change settings on indicators. I had to actually search to find a solution, just took me a while to find the time & incentive. Looks like they may have now updated the file with the 'new' working version.

I think this only had a problem with windows 7 - not XP. Just from my fragmented recollection.

Cheers,
Mick

[nanningbob]

TIB, I have never seen anyone explaining his workings or their system the way you do. Evey major or minor shift in the system, even temporally or experimental, is given in detail, every query is responded to, even if it entails going over the mundane stuff again. I can only imagine and envy that knowledge, respect and the All Mighty, all bowing to you in humility. I have no doubt that you have created more leader like yourself. Next time in China, I'll make it a point to visit you, if only to say Thank You.

BTW, I found the answer while I was at a break and edited my post accordingly.

Regards,

I hope you will come to visit. I have a 5 bedroom apt. but all my kids have moved back to the USA to go to college. So we rent out or free stays to anyone who comes to Nanning. Nanninbob's trader special, come to Nanning and stay rent free.

[nanningbob]

... 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.

Cheers,
Mick

I have signed up for Axis Trader but so far no funds. Cant get Cowboy IBFX to transfer and they cant get my Chinese MasterCard to work. Will call them Monday to straighten it all out, hopefully.

Is anyone having trouble with their Cowboy IBFX platform. My loads slowly or not at all. I am assuming it is a Chinese internet problem since my IP address now reads Liuzhou instead of Nanning.

[xrismak]

Hi Bob,
You still haven't told me if I am Right or Wrong, just have this feeling that I am most Likely Wrong about my idea of DWMP 10.9 GMT Settings... for the Euro Session.
Hey you never know who might turn up and come Visiting with that Kind of Offer, heheheehehehehe probably half of the Forum Members.

Cheers,

xrismak

[nanningbob]

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

Egads I wouldnt know?? I live in China so .............. 0 GMT time setting is the JPY open for me, so this could get tricky explaining. Like I said earlier, I set my times by waiting for an hour before the session and making the pivots set at the beginning of that hour. I then set my pivot time inside the indi and saved the template. I then saved profiles for each session and then I have to reset anything. I just save to default profile what ever session I want to trade and bingo. Now I dont have to think about it any more.

[xrismak]

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

Egads I wouldnt know?? I live in China so .............. 0 GMT time setting is the JPY open for me, so this could get tricky explaining. Like I said earlier, I set my times by waiting for an hour before the session and making the pivots set at the beginning of that hour. I then set my pivot time inside the indi and saved the template. I then saved profiles for each session and then I have to reset anything. I just save to default profile what ever session I want to trade and bingo. Now I dont have to think about it any more.

Bob,
Don't worry, I am sure by Monday Mid-Day or before Monday one of the Members on this Forum who trades from this Part of the world will have an Answer, Probably even Awesome Baluda, then I will do the Saving of Templates for the Different Sessions like you and Ahaaaaa walaaaaaa :!: make some more Coins trading..

Many Thanks,
xrismak

[nanningbob]

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

The different EAs are for different styles of traders. Each person kind of have their favorites. You will just have to learn which ones you like or dont like. With this new version of 10.3 I can get by with just pending trades and the MPTM. Maybe use an EA for certain situations. That is really what the EAs are for to use in certain situations. However. resetting the pivots will take care of the situational conditions and you probably will find them unnecessary. Pending orders, set TP and SL maybe TS or use MPTM with/without jump EA.

EAs are so situational. Jump EA works great at news time when price just jumps quickly. Absolutely horrible results when the market languishes.

MPTM works great, I use it all the time.

5.1 and 10 EAs I use when price dips too far below the DO and I want to catch the cross back up before it reaches the DO again. I added some other stuff because some traders requested it. Long term traders will find the SL based on a moving average may keep you in a trade for days at a time. MA SL are awful for scalping but great for long term trading.

[barnov]

@xrismak

I don’t have AxiTrader, and I hope I don’t give you a duff steer here, but based on your clock indicator, I can see that when your broker starts a new day at midnight, it will be 04:00 in London.

This implies that the 08:00 London open is 4 hours behind your broker’s start of day, so you would need to set the value as -4 to plot the London start of day.

But remember Bob has suggested plotting the indi 1 hour before the actual open i.e. 07:00 for London, so you should set the value as -3.

EDIT: The above sentence should read: But remember Bob has suggested plotting the indi 1 about an hour before the actual open i.e. 07:00ish for London, in order to position yourself (My original understanding of this point was wrong - apologies for duff steer)

Same principles then apply to NY etc.

The key message is to compare to your broker’s start of day and not your local time

Regards
Paul

[xrismak]

@xrismak

I don’t have AxiTrader, and I hope I don’t give you a duff steer here, but based on your clock indicator, I can see that when your broker starts a new day at midnight, it will be 04:00 in London.

This implies that the 08:00 London open is 4 hours behind your broker’s start of day, so you would need to set the value as -4 to plot the London start of day.

But remember Bob has suggested plotting the indi 1 hour before the actual open i.e. 07:00 for London, so you should set the value as -3.

Same principles then apply to NY etc.

The key message is to compare to your broker’s start of day and not your local time

Regards
Paul

Barnov,
I just Love this Forum, there's always someone to Rescue me with Answers.
Thank you :!: thank you :!: thank you :!: So very very much Barnov (Paul) that was the very thing I had been trying to Figure out for Ages, now I know where to start from.

Many Thanks,
xrismak