10.4 A Complete System

[lhDT]

valid pound/yen entry, major engulfing..

I'm in at 144.83. GBPJPY is just a pretty nervous pair ...

[lhDT]

To Bob. You just take the AO signal at candle close ? I mean, current candle until closed doesn't mean anything ?

[Pueo]

valid pound/yen entry, major engulfing..

I'm in at 144.83. GBPJPY is just a pretty nervous pair ...

Me too, I used less risk then normal for this one..

[Mike]

Dear Bob
.... on your Market Info B-Indi you use Pips as everybody else, but on your R/R Ratio Indi you use pips meaning points and we're ready for the next confusion. Steve, or other coders will they use pips or points or both?
So I beg you, PLEASE use "pips" for "pips" and points for points. E.g. the PipValue for EURUSD = $10 and not $1.000 and TargetPrice as well as StopLossPrice are 1/10th of what the Indi says.
If I should be all wrong it just proofs that pips and points have really messed me up
Thanks Mike

??? HUH I dont use the word points and a pip has always been a pip. 1/100 th of a penny in USD.

Here we go, my confusion increases.
A EURUSD 1 Pip trade in a lot size of 100'000 units values 10$

Using a Standard Account Type the attached EURUSD Chart gives following information:
SL 1.33300 or - 10 Pips
Entry 1.33400
TP 1.33670 or + 27 Pips
While the Risk vs Reward Ratio Indi on this chart tells us
PipValue = $1.000
SL 1.33300 or - 100 Pips
Entry 1.33400
TP 1.33670 or + 270 Pips

Sorry if I do not express myself clearly
Mike

[Gertje]

Dear Bob
.... on your Market Info B-Indi you use Pips as everybody else, but on your R/R Ratio Indi you use pips meaning points and we're ready for the next confusion. Steve, or other coders will they use pips or points or both?
So I beg you, PLEASE use "pips" for "pips" and points for points. E.g. the PipValue for EURUSD = $10 and not $1.000 and TargetPrice as well as StopLossPrice are 1/10th of what the Indi says.
If I should be all wrong it just proofs that pips and points have really messed me up
Thanks Mike

??? HUH I dont use the word points and a pip has always been a pip. 1/100 th of a penny in USD.

Here we go, my confusion increases.
A EURUSD 1 Pip trade in a lot size of 100'000 units values 10$

Using a Standard Account Type the attached EURUSD Chart gives following information:
SL 1.33300 or - 10 Pips
Entry 1.33400
TP 1.33670 or + 27 Pips
While the Risk vs Reward Ratio Indi on this chart tells us
PipValue = $1.000
SL 1.33300 or - 100 Pips
Entry 1.33400
TP 1.33670 or + 270 Pips

Sorry if I do not express myself clearly
Mike

You're right, the indi takes points as pips.

This indi wasn't supplied by Bob.....

[Mike]

Dear Bob
.... [the] Market Info B-Indi ... uses Pips ..., but [the] R/R Ratio Indi ... uses pips meaning points and we're ready for the next confusion. Steve, or other coders will they use pips or points or both?...Mike

...I dont use the word points and a pip has always been a pip. 1/100 th of a penny in USD.

Here we go, my confusion increases....Mike

...This indi wasn't supplied by Bob.....

Sorry Bob, as you see I have modified my quote at the same time I would like to repeat my invitation to everybody to use pips (and not points or ticks) for Indis, Scripst and EAs, thanks Mike.

PS I tried to modify the code but I only succeed to get the PipValue right, the rest ... so thanks for an update of the risk vs reward ratio indi.

[xrismak]

yea. look at $EURJPY.
hence why i say.
probably.
better.
than.
*erm*.


edit:130 pips in 34mins? the heads up was there since last night.

Even if this is better than..... I'll keep doing both....

Currently up 6% for today with 10.4, gotta love this!

Gertje,

I thought I was the Only One who Loves this System....... it make's sense trading on a smaller level with it one can go on and on and on and on minting Money Confidently Basket-trading. I have really never Been a Fan of Using SL but this is Just Cool, now I can use Stop losses and Move them at Random for Locking up the Pips...... Nanningbob thank you once a AGAIN for this 10.4 System and this is Also to Thank you Steve for that Pending Order Script, it also does the Stop Losses for me and then I can move them as I please..
It will be Hard for me to Make REGULAR LOSSES from NOW on. I just Look Set and Forget, Go to Bed and Wake up and I am in the Moneyyyyyyyyyyyy

Happy Trading Y'all

xrismak

[spotdespot]

I must be missing something Mike. What does this indi have to do with Bob & 10.4? It isn't part of his template that I can see?

For 5 digit brokers the 5th digit is a point and pretty much irrelevant - just ignore it. What is attached is what I have on Bob's template and shows pips - proper pips no points.

Cheers,
Dave.

[forextrader-radioman]

Looks like we got us a Convoy ...................10.4 !!!! Cheers Bob

"roger-roger"

[IanV]

Whoooo-Weee
What a day!! WHAT A SYSTEM!!