Nanningbob 10.1 The EA is here

[gaheitman]

Hi guys

Been trading this method live for a month or so now and have the EA running on an FXCM account.

What does Criminal ECN mean? How do I know if my criminal is an ECN and what difference does it make turning it on/off in the EA settings?

thanks guys!

ECNs don't allow setting the SL and TP along with the original order, it has to be a two step process (place order followed by modify order). If your broker allows you to enter those at the same time, you can safely set ECN=false.

I'm sure everyone else can tell you if FXCM is an ECN or not, but I have no experience with them.

[astral77]

ECNs don't allow setting the SL and TP along with the original order, it has to be a two step process (place order followed by modify order). If your criminal allows you to enter those at the same time, you can safely set ECN=false.

I'm sure everyone else can tell you if FXCM is an ECN or not, but I have no experience with them.

Very good answer my friend. In case anyone is confused as to the meaning of criminal, it is the term we use for-brokers, since they are all criminals and we do not favour or discriminate and use it universally. By some magic steve has done something here which automatically changes the word -broker to criminal. , in case anyone is not sure as to the ECN status of their broker it is best to set it to true and for your information fxcm is an ECN criminal.

Kind Regards
P.S. I notice some people are using recovery when counter trending. You must be extremely careful during these volatile times as to the use of recovery, please bear in mind even BOB who is the inventor and master of recovery trades is using SLs in his trend trading.

[jboy]

NB,

Since you don't use EA to trade, what are you using? Some kind of semi-manual trade manager?

[flyer415]

FxozGirl,

Looks like CHFJPY broke the 80.94 level I posted for you and on the way to 80.32. Hopefully you were able to use the info.

[fxozgirl]

FxozGirl

I have been adding manually drawn SR levels using the weekly line chart. I look for pivot points where S become R at least 3 times and then draw in a horizontal level. I find these weekly SR zones to be very meaningful. You can enter on the daily Squalou indy and then set a limit order at the manually drawn level.

This keeps you focussed on the big picture too. I have often been shaken out of good trades by dropping to lower time frames and getting scared out by reverse price action or setting stops too tight. I find with looser stops and concentrating on the weekly trend, entering on the daily, I catch the longer stress free trend trades.

Hope this helps?

Definitely helpful GW I appreciate your insights, and will implement this as well

[fxozgirl]

FxozGirl,

Looks like CHFJPY broke the 80.94 level I posted for you and on the way to 80.32. Hopefully you were able to use the info.

Hey Flyer, I really appreciated your assistance in your previous post and yes I did get in at 80.820 currently +23 wth stop moved to BE+5 TP set at 80.272 (although I might need to double check my levels again for this)

Cheers

Shelley

[aacd_1]

steve and squalou, I know you two are mql language expert.
Do you know how to write code to describe stochastic line cross down macd singal line?

Return value of iStochastic and iMacd seems don't have a compare station.

I ask this question here because that's a indicator Bob ever used.

thanks.

Good luck 2012.

MACD is in pips and stochastic is mapped from 0 to 100, so there isn't a way to naturally combine the two. I suppose you could take the high/low range of the MACD and then transform the single line to a 0 - 100 range based on the high/low range. The problem would be deciding how many bars back you want to look at the MACD to get the high/low range. I suppose for normal MACD settings, the range isn't that variable.

Hmm.... (time passes) OK I'm back. I've attached an indicator that does what I think you mean. Nothing fancy, just illustrating the idea. Let me know if it matches what you expect to find. Blue is Stoch and Red is MACD Signal.

The range of values for MACD is actually all available values, which is why it seems so flat. It may be more useful with a limited bars look back for the range.

pic_06 2012-01-05 04.27.gif

George

I cannot find a way better than yours.
Just fix the bars back to 360 (60day * (24/4),I always use it on H4 chart).

[gaheitman]

I cannot find a way better than yours.
Just fix the bars back to 360 (60day * (24/4),I always use it on H4 chart).

Since you asked so nicely, here you go. Not as zippy as it was before since I am lazily rescanning back all 360 bars to get the range. A smart programmer would realize that you only had to rescan if the one you were dropping off (MACD_RANGE_Lookback + 1) was equal to one of the range extremes.

That being said, it shouldn't be too bad after the initial drop on the chart.

George

[aacd_1]

I cannot find a way better than yours.
Just fix the bars back to 360 (60day * (24/4),I always use it on H4 chart).

Since you asked so nicely, here you go. Not as zippy as it was before since I am lazily rescanning back all 360 bars to get the range. A smart programmer would realize that you only had to rescan if the one you were dropping off (MACD_RANGE_Lookback + 1) was equal to one of the range extremes.

That being said, it shouldn't be too bad after the initial drop on the chart.

George

It's very very very ........ thanks.
You are a smart programmer, I'm not.

[gaheitman]

Not as zippy as it was before since I am lazily rescanning back all 360 bars to get the range. A smart programmer would realize that you only had to rescan if the one you were dropping off (MACD_RANGE_Lookback + 1) was equal to one of the range extremes.

That being said, it shouldn't be too bad after the initial drop on the chart.

George

OK, I decided not to be a lazy programmer. Attached is a version that checks to make sure that it actually has to rescan for a new range. On a 50,000 bar chart, the new version only had to rescan the MACD values 1,835 times, where the original version did it 50,000 times.

Probably worth making the change.

George