10.4 A Complete System

[Gertje]

Of course this would make it easier, but the math isn't that difficult;
For every € 1.000,- balance with 0.01 lot and 100pip SL equals 1% of balance.

A SL of 500 pips is not really logical, so I take a max. SL of 200 pips if the 240MA is further away.
This means that with a max SL of 200 pips, I use 0.01 lot for every € 1.000,- balance and end up with 2% risk.

Because as soon as the 2nd trade opens the BE kicks in, the risk is minimal in my opinion. It is rare to have a full SL with this system, because;
- we're trading with the trend
- the initial SL is far enough away to give the trade room/ time to trigger the 2nd trade before SL is reached

Hmm... Its not so simple... You can try for yourself to lose 200 pips example in USDZAR, EURGBP and silver with same lotsize... Then compare results...
Every currency pair have different value / gained or losed pip.
most of pairs are pretty close of 10$/pip/1 full lot. But there is allso exceptions.

We're talking base-currencies here right?
As a rule of thump it will do.

Of course you're right, lot of charts do better/ worse than $10,- a pip.

[Guest]

Hi
just a quick one.
Is "NT TMATrue SlopeHisto MTF.ex4" exist in mq4 format as I cant load ex4 file.
thanks

[mjws00]

Here is the dashboard with MA option added.

Hi again,

the 'old' 10_4 Dashboard as well as the new one (with added MA option) don't refresh the '0' RSI value for some pairs, when time frame is set to 1440 - well, at least not for the GBPUSD, GBPAUD, but there's probably other pairs too. Seems to be ok for use with H4 TF/MA240.

Hope this can be fixed, would make this splendid tool more reliable when working with MTFs.

10_4_old_dashboard_1440_tf_240_ma_also_rsi_value_0_no_refresh_gbpusd.jpg

10_4_dashboard_1440_tf_40_ma_value_0_no_refresh.jpg

10_4_dashboard_1440_tf_40_ma_value_0_no_refresh_gbpusd.jpg

I too have the same problem. The RSI value doesn't seem to match with what I see in the related chart using 10.4 template. Could someone post the latest indi which is working fine. Thx.

Regards,
VM

Not sure what the deal is with the higher TF. I use a lower (240 & 60) and it works as intended. I'll look when I get a chance. The code is there to tweak as you like. My time is limited. Sorry.

[ronald123]

Here is the dashboard with MA option added.

Hi again,

the 'old' 10_4 Dashboard as well as the new one (with added MA option) don't refresh the '0' RSI value for some pairs, when time frame is set to 1440 - well, at least not for the GBPUSD, GBPAUD, but there's probably other pairs too. Seems to be ok for use with H4 TF/MA240.

Hope this can be fixed, would make this splendid tool more reliable when working with MTFs.

10_4_old_dashboard_1440_tf_240_ma_also_rsi_value_0_no_refresh_gbpusd.jpg

10_4_dashboard_1440_tf_40_ma_value_0_no_refresh.jpg

10_4_dashboard_1440_tf_40_ma_value_0_no_refresh_gbpusd.jpg

I too have the same problem. The RSI value doesn't seem to match with what I see in the related chart using 10.4 template. Could someone post the latest indi which is working fine. Thx.

Regards,
VM

Not sure what the deal is with the higher TF. I use a lower (240 & 60) and it works as intended. I'll look when I get a chance. The code is there to tweak as you like. My time is limited. Sorry.

No problem, mwjs00, you're one of those people who always try to help others if they can, cheers for that. It's important that the calculations for the higher TF's are done correctly; 'till someone sorts the code out, we'll just have to keep in mind that a zero value for the RSI has to be taken with causion, at least for the higher time frames - better check yourself, to see if the RSI really dropped to the bottom of the indicator window

Thanks again for your kindness,

Ronald

[padnoter]

Here is the dashboard with MA option added.

Hi again,

the 'old' 10_4 Dashboard as well as the new one (with added MA option) don't refresh the '0' RSI value for some pairs, when time frame is set to 1440 - well, at least not for the GBPUSD, GBPAUD, but there's probably other pairs too. Seems to be ok for use with H4 TF/MA240.

Hope this can be fixed, would make this splendid tool more reliable when working with MTFs.

10_4_old_dashboard_1440_tf_240_ma_also_rsi_value_0_no_refresh_gbpusd.jpg

10_4_dashboard_1440_tf_40_ma_value_0_no_refresh.jpg

10_4_dashboard_1440_tf_40_ma_value_0_no_refresh_gbpusd.jpg

I too have the same problem. The RSI value doesn't seem to match with what I see in the related chart using 10.4 template. Could someone post the latest indi which is working fine. Thx.

Regards,
VM

Not sure what the deal is with the higher TF. I use a lower (240 & 60) and it works as intended. I'll look when I get a chance. The code is there to tweak as you like. My time is limited. Sorry.

No problem, mwjs00, you're one of those people who always try to help others if they can, cheers for that. It's important that the calculations for the higher TF's are done correctly; 'till someone sorts the code out, we'll just have to keep in mind that a zero value for the RSI has to be taken with causion, at least for the higher time frames - better check yourself, to see if the RSI really dropped to the bottom of the indicator window

Thanks again for your kindness,

Ronald

have you tried refreshing from withing Empty4? i.e. right click & "Refresh" or changing the tf of the chart it's on & back again....

and also making sure you have enough data loaded (prob' not that if your nb template shows a diff value)

it's strange (without seeing your pc) - as i said the original code I wrote is running & updating fine here.

ooh just a thought, you did copy in the other indi required too? the "TMASlopeMTFpl.mq4" ?

[mjws00]

Hi
just a quick one.
Is "NT TMATrue SlopeHisto MTF.ex4" exist in mq4 format as I cant load ex4 file.
thanks

It does not. There are quite a few flavours of TMA True Slope around though, some with code.

[sponn]

Of course this would make it easier, but the math isn't that difficult;
For every € 1.000,- balance with 0.01 lot and 100pip SL equals 1% of balance.

A SL of 500 pips is not really logical, so I take a max. SL of 200 pips if the 240MA is further away.
This means that with a max SL of 200 pips, I use 0.01 lot for every € 1.000,- balance and end up with 2% risk.

Because as soon as the 2nd trade opens the BE kicks in, the risk is minimal in my opinion. It is rare to have a full SL with this system, because;
- we're trading with the trend
- the initial SL is far enough away to give the trade room/ time to trigger the 2nd trade before SL is reached

Gertje of course it is easy to count... I can even say that for my own purposes I'm using Vo-pro and it counts everything for me...I just put risk% and it counts lot size, I can move sl&tp using lines, etc

But I'm asking about this update because I feel that this info (f.e. 1% risk from each one pivot line to ma240 to easu count 0.5% or 2% 1% will be the best one) will be more usefull for everybody who is using this system...

If I know how I will do it myself but I don't.

I really don't need it for myself.. just asking to help other people here.

[veeyem]

Here is the dashboard with MA option added.

Hi again,

the 'old' 10_4 Dashboard as well as the new one (with added MA option) don't refresh the '0' RSI value for some pairs, when time frame is set to 1440 - well, at least not for the GBPUSD, GBPAUD, but there's probably other pairs too. Seems to be ok for use with H4 TF/MA240.

Hope this can be fixed, would make this splendid tool more reliable when working with MTFs.

10_4_old_dashboard_1440_tf_240_ma_also_rsi_value_0_no_refresh_gbpusd.jpg

10_4_dashboard_1440_tf_40_ma_value_0_no_refresh.jpg

10_4_dashboard_1440_tf_40_ma_value_0_no_refresh_gbpusd.jpg

I too have the same problem. The RSI value doesn't seem to match with what I see in the related chart using 10.4 template. Could someone post the latest indi which is working fine. Thx.

Regards,
VM

Not sure what the deal is with the higher TF. I use a lower (240 & 60) and it works as intended. I'll look when I get a chance. The code is there to tweak as you like. My time is limited. Sorry.

No problem, mwjs00, you're one of those people who always try to help others if they can, cheers for that. It's important that the calculations for the higher TF's are done correctly; 'till someone sorts the code out, we'll just have to keep in mind that a zero value for the RSI has to be taken with causion, at least for the higher time frames - better check yourself, to see if the RSI really dropped to the bottom of the indicator window

Thanks again for your kindness,

Ronald

have you tried refreshing from withing Empty4? i.e. right click & "Refresh" or changing the tf of the chart it's on & back again....

and also making sure you have enough data loaded (prob' not that if your nb template shows a diff value)

it's strange (without seeing your pc) - as i said the original code I wrote is running & updating fine here.

ooh just a thought, you did copy in the other indi required too? the "TMASlopeMTFpl.mq4" ?

It works fine now. I deleted the chart and added a fresh chart and then the value appeared correctly. Thx for all your help.

[websie]

Here is the dashboard with MA option added.

Hi again,

the 'old' 10_4 Dashboard as well as the new one (with added MA option) don't refresh the '0' RSI value for some pairs, when time frame is set to 1440 - well, at least not for the GBPUSD, GBPAUD, but there's probably other pairs too. Seems to be ok for use with H4 TF/MA240.

Hope this can be fixed, would make this splendid tool more reliable when working with MTFs.

10_4_old_dashboard_1440_tf_240_ma_also_rsi_value_0_no_refresh_gbpusd.jpg

10_4_dashboard_1440_tf_40_ma_value_0_no_refresh.jpg

10_4_dashboard_1440_tf_40_ma_value_0_no_refresh_gbpusd.jpg

I too have the same problem. The RSI value doesn't seem to match with what I see in the related chart using 10.4 template. Could someone post the latest indi which is working fine. Thx.

Regards,
VM

Not sure what the deal is with the higher TF. I use a lower (240 & 60) and it works as intended. I'll look when I get a chance. The code is there to tweak as you like. My time is limited. Sorry.

No problem, mwjs00, you're one of those people who always try to help others if they can, cheers for that. It's important that the calculations for the higher TF's are done correctly; 'till someone sorts the code out, we'll just have to keep in mind that a zero value for the RSI has to be taken with causion, at least for the higher time frames - better check yourself, to see if the RSI really dropped to the bottom of the indicator window

Thanks again for your kindness,

Ronald

have you tried refreshing from withing Empty4? i.e. right click & "Refresh" or changing the tf of the chart it's on & back again....

and also making sure you have enough data loaded (prob' not that if your nb template shows a diff value)

it's strange (without seeing your pc) - as i said the original code I wrote is running & updating fine here.

ooh just a thought, you did copy in the other indi required too? the "TMASlopeMTFpl.mq4" ?

It works fine now. I deleted the chart and added a fresh chart and then the value appeared correctly. Thx for all your help.

I tried added that TMASlopeMTFpl.mq4 but I don't think I did it right, if its to the dashboard that I add it, all I got was a funny little green squiggly line, so I am guessing that is not the right place, so where do I put it? Thanks

[ronald123]

have you tried refreshing from withing Empty4? i.e. right click & "Refresh" or changing the tf of the chart it's on & back again....

and also making sure you have enough data loaded (prob' not that if your nb template shows a diff value)

it's strange (without seeing your pc) - as i said the original code I wrote is running & updating fine here.

ooh just a thought, you did copy in the other indi required too? the "TMASlopeMTFpl.mq4" ?

Hi, padnoter,

all the needed files are where they should be, I think, and as you can see on the attached image, only the 1440 TM with the MA 40 shows those RSI zero's... Have used refresh, changed time frames, etc. weird huh?

Already very useful, the way it is now. Thank you very much for sharing your work!

10_4_dashboard_60_240_1440.jpg

update: here's a template for the multiple time frames view (still doesn't display the RSI values correctly though). I've set 'bars' to 100 and later to 500, but doesn't seem to make a difference. Mystery to me...

10_4_dashboard_suggestions_h1_h4_d1_bars_100.tpl