10.4 A Complete System

[nanningbob]

Anyway back to trading. gbp/nzd is ranging back and forth across the WP and you could trade it this way with the new CSS indi.

[nanningbob]

Here is what it looks like in the 1H. Dont know if RSI 2 will be much help on 1H but will study it. The neutral areas and crossing of the daily pivot seem to be solid trades.

[nanningbob]

Time for school. JPY crosses waiting for color change before getting in this time. See how it works.

[SteveHopwood]

The bottom line is someone will develop a new platform and go into competition with Meta Quotes. Arrogance of big corp. They always produce their own competition trying to dominate a market.

And the sooner the better. Not that I necessarily agree that matequotes is a big corp, or that the crims could not do something about them if they really wanted, or that the crims and metaquotes are not in the same bed.........................

Never mind. Let's not allow this thread to disintegrate into irrelevance. Feel free to use your mod powers to delete my latest posts. Not that I could stop you, as you are a mod

Instead, thanks for your latest effort. I look forward to trading it this week. It is your methodology that has allowed me to increase Gareth's Cowboy IBFX Bastards (just thought of a new mod ) account by 50%, so the next step should be great.

[nanningbob]

Now the big test for me this morning is ...................... will it work on my slow machine at school. Did I get the RMA usage to where it will work on this dang slow thing.

[nanningbob]

IT works on my slow machine. Success.

[nanningbob]

Get ready for a wild MAY:

Europe may accelerate a shift away from its austerity-first agenda this week as the new Italian government changes course and a German-Spanish investment pact underscores a renewed focus on combating record unemployment.
Yesterday’s swearing in of Italian Prime Minister Enrico Letta ends a political deadlock nine weeks after voters rejected the country’s budget-cutting course. German Finance Minister Wolfgang Schaeuble, a champion of austerity, will travel to Spain today to unveil a plan aimed at spurring investment in Spanish companies. Later this week, the European Central Bank may also cut interest rates at a meeting.
Enlarge image
An elderly man sits and reads below the sculpture "Po" by Umberto Baglioni in Turin, Italy. The new Italian government’s pledges to dismantle parts of the budget-cutting project undertaken by ousted premier Mario Monti open a new front in the debate over the German-led policy of austerity to overcome the bloc’s debt crisis. Photographer: Alessia Pierdomenico/Bloomberg
“You have to react to economic developments -- we do so in Germany,” Schaeuble told members of Chancellor Angela Merkel’s Christian Democratic Union in Berlin last week. “We are not bureaucratic; we are not stupid.”
The new Italian government’s pledges to dismantle parts of the budget-cutting project undertaken by ousted premier Mario Monti open a new front in the debate over the German-led policy of austerity to overcome the bloc’s debt crisis. As the 17- member euro area remains mired in recession, European leaders are joining global critics in urging the bloc to devote more resources to boosting economic growth.

[nanningbob]

Our new indi should let us know everytime a currency is ready to change direction. What it does is measure the angle of direction. I increased its sensitivity to angle movement by increasing the angle numbers. For example what was a 1 or 2 on the old indi is now a 6-10 on the new. In other words if a change happens it shows up faster in the New indi. It is more sensitive to change. As you may know angle of direction of a move portrays its future direction. The higher the angle the bigger the move and the longer it will take to slow it down and reverse. The Goldenrod color lets you know the angle direction has hit the area of changing direction. So come on Europe we await your news with anticipation of knowing which direction of the market things will go. The warning shot was the CHF last week protecting it self form being a safe haven currency. They basically said, "If you buy us, we will make sure you lose money." An interesting prospect. However, will you lose more money buying the CHF than if you kept Euros.

[Staedtler]

very nice update bob, thanks for that ! keeps me from setting pending orders on anything that's RSI2 flat

[nanningbob]

very nice update bob, thanks for that ! keeps me from setting pending orders on anything that's RSI2 flat

I have the same problem. Now we have a filter. Less DD.