10.4/10.5 trades only

[nanningbob]

AUDNZD closed. 250 pips from a 65 pip move... Cheers for the pips Bob

2013-05-21 03.32.14 pm.png

Isnt it cool. I love it. People are worried about a single level stop loss. You can make it up and add so easily. I take it you put the daily and weekly P/S/R on one screen. Sometimes I wonder if we took the weekly S/R/M and added a 1/4 level to it. I just dont want to clutter up my screen more than I need to or it gets too confusing. Anyway I am being left in the dust now pip wise. LOL.

IF CandleTiger is around what would it take to add 1/4 levels to the Weekly S/R/M we could call them Q levels. One between the pivot and mid and one between the mid and S/R level. Just another of my crazy thoughts. Do you know how many traders would kill to make 250 pips in one week much less on one 65 pip move. Great job.

[kwanann]

Just wondering, how hard is it to grab the levels in scripts? Thinking of doing a single script that will add the appropriate levels and stop loss, TP, makes things a whole lot easier

[Staedtler]

this is just lovely.. i'm long nzd/jpy

[Jemook]

1. I've taken off the RSI for my purposes, I think CSS is fine on it's own.

2. I use the weekly S1/R1 as my TP.

3a. Price above 240? H4 CSS closes green/goldenrod? Set pending buy stops on each daily/weekly line in between price and the R1 TP. If H4 CSS closes red close all open trades and orders and move on.

3b. Price below 240? H4 CSS closes red/goldenrod? Set pending sell stops on each daily/weekly line in between price and the S1 TP. If H4 CSS closes green close all open trades and orders and move on.

Pretty straightforward - losses are kept small and multiple entries = big profits.

I will probably remove all the daily/weekly lines soon (except for weekly S1/R1 TP lines) and use a grid to enter between price and TP zone. It effectively does the same thing as all those daily lines and would look much neater on the chart.

Thoughts?

[Jemook]

Just wondering, how hard is it to grab the levels in scripts? Thinking of doing a single script that will add the appropriate levels and stop loss, TP, makes things a whole lot easier

I'd love a script like this. See my above post with a grid solution which would be way easier to code and wouldn't have to worry about different brokers GMT offsets throwing off the pivots.

Add in the auto close if CSS changes colour and Bob's your uncle (see what I did there?).

Longs
Price above 240, H4 CSS changes to goldenrod or green then set a buy stop at every x pips between price and the R1 TP. If H4 CSS closes red then close all trades and orders.

Shorts
Price below 240, H4 CSS changes to goldenrod or red then set a sell stop at every x pips between price and the S1 TP. If H4 CSS closes green then close all trades and orders.

J

[kwanann]

Interesting idea, but first i needa take the values off the indi

[TraderDesk]

Just wondering, how hard is it to grab the levels in scripts? Thinking of doing a single script that will add the appropriate levels and stop loss, TP, makes things a whole lot easier

I'd love a script like this. See my above post with a grid solution which would be way easier to code and wouldn't have to worry about different brokers GMT offsets throwing off the pivots.

Add in the auto close if CSS changes colour and Bob's your uncle (see what I did there?).

Longs
Price above 240, H4 CSS changes to goldenrod or green then set a buy stop at every x pips between price and the R1 TP. If H4 CSS closes red then close all trades and orders.

Shorts
Price below 240, H4 CSS changes to goldenrod or red then set a sell stop at every x pips between price and the S1 TP. If H4 CSS closes green then close all trades and orders.

J

I like that as well...I manually add positions spaced so many pips depending on the currency pair. If it is one script then maybe there could be an option to space each position based on ADR of that currency pair?

Also I like the reverse as well. If trade goes below a certain point whether in price or pips then it can start to scale out of positions as well...

[Jemook]

jemook, what grid are you referring to?

Something like every 10pips add in an entry?

Yep - the user would define how many pips spacing they'd like between each entry.

Would like to hear Bob's thoughts on this.

[kwanann]

There is a scale in trade here, might work for you guys

http://www.stevehopwoodforex.com/phpBB3 ... +in#p58574

[nanningbob]

Just wondering, how hard is it to grab the levels in scripts? Thinking of doing a single script that will add the appropriate levels and stop loss, TP, makes things a whole lot easier

Frank has made one and I posted it earlier, in the original 10.5 update. I was wondering if anyone has tried it out and can report.