10.4 A Complete System

[Ray Singcar]

There you go. Once placed on the chrt You can click on the line and drag it to desired position

[michaelhryu]

There you go. Once placed on the chrt You can click on the line and drag it to desired position

Thanks a million!

By the way, which version of 10.4 system are you using? Would appreciate if you could post your template as well.

You once wrote that: "I then eyeball charts that comply through Daily, 4, and 1 hourly periods and place pendings providing they are not threatened by Support or Resistance areas."

What exactly are you looking at, please? Would you please elaborate? Do you still need to look at RSI and/or Stock indis on the charts before placing pendings? Or, just support or resistance?

[nanningbob]

Hello Bob, I am a noob so I hope you don't mind a quick noob type question...You just mentioned this market not being good for 4h trading and that it's better on lower time frames. On the 10.3 do you still check a trade about every 4 hours or more often? Thanks so much --mike

I still use the 10.4/10.5 system. It is the best one designed. The market is difficult because many of the moves are being created by what some head banker says blah balh blah. I find that very difficult to trade. I prefer a market that is reacting to daily business events rather than expectations of some blah blah.

Any system tied to the 240 MA in my opinion would make the system better. If you use the daily open and it is below the 240 line then you could take any trade south of the open. If the the daily open is above the 240 line then any trade above the open would be a good trade. I just think following the trend based on the 240 line with anything else increases your chances of success. That is the heart beat of 10.4.

[Ray Singcar]

There you go. Once placed on the chrt You can click on the line and drag it to desired position

Thanks a million!

By the way, which version of 10.4 system are you using? Would appreciate if you could post your template as well.

You once wrote that: "I then eyeball charts that comply through Daily, 4, and 1 hourly periods and place pendings providing they are not threatened by Support or Resistance areas."

What exactly are you looking at, please? Would you please elaborate? Do you still need to look at RSI and/or Stock indis on the charts before placing pendings? Or, just support or resistance?

I have explained the way I trade on P622 and p626. Template attached

[michaelhryu]

There you go. Once placed on the chrt You can click on the line and drag it to desired position

Thank you very much again for your prompt replies!

I am afraid, however, that the Buy/Sell scripts do not place pending orders on FXDD demo (GMT+3). Everything looks alright, though.

One more thing, what are the differences between YAD104_v1.07 and YAD104_v1.07a?

[peranders]

Bob

I recently upgraded to the 10.4/5 May update and have been having problems since with charts not loading all data, being slow etc. I LOVE the functionality that lets us go from H4 down to H1 with all the right pivots etc - amazing stuff! However, I see you are now using different templates - Simple and YAD?

Question - how are you trading 10.4/5 now? Have people given up on the CSS due to CPU load? Is the awesome Indi redundant? Are you back to using CSS in China and only simple on laptop?

Also general question to anyone - can you load all your charts on one instance of Empty4? If I do this, some charts do not display the pivots, while others do. I have a fairly big computer (12GB RAM 6 core i7 Falcon Extreme) - so I am not sure that is the problems. Could be FXCM perhaps?

Thanks
Doc

Thank you for all your questions. I also had trouble alll summer with the CSS on my laptop, I was traveling in the USA for 6 weeks and it couldnt handle the load. I have been playing with several things but have not come up with a definitive alternate yet. I know many are having trouble with the CSS so working on that. I quit trading during July because the market was so ugly. I tried a couple of days this week with not very good results. This is not the market for 4H trading but trading MA lines on the lower time frames is much better trading right now but I dont have time to sit in front of a computer and trade lower TF. The lower the TF the more babysitting you have to do with a trade. So I may sit and try again next week and see if some of these pairs will break into a prolonged trend. The USD has but I didnt really trade it so out of luck there for me.

An interesting thing is my single core computers at school handle the CSS well but the multi-cores seem tonot handle it. I trade on a dual core here at home but my 4 core laptop wouldnt handle the CSS at all and so does my new 4 core laptop I got for my birthday. It doesnt handle CSS very well either. So maybe some computer geek can tell us why?

I guess I qualify as a computer geek.
It has to do with IPC (instructions per clock) without knowing your rigs setup a lot of ultrathin laptop has special version low voltage cpus to make batteries last longer in theese cpus the clock frequency has also been lowered making single thread load (most programs are still today coded to use only one core) quite possibly behave the way you describe. Also notebooks with magnetic harddrives have slower 5400 rmp low energy HDD while even quite and old desktop might have speedier 7200 rpm.

[Ray Singcar]

There you go. Once placed on the chrt You can click on the line and drag it to desired position

Thank you very much again for your prompt replies!

I am afraid, however, that the Buy/Sell scripts do not place pending orders on FXDD demo (GMT+3). Everything looks alright, though.

One more thing, what are the differences between YAD104_v1.07 and YAD104_v1.07a?

Sorry, I don't know th edifference, I have not tried to load v107a

[ocelot911]

Hey guys, with the Awesome Indicator (AO), Are the bar signals are very similar to the 4 hour MACD signal by Philip Neil? Would I Be right in Looking for Round bottoms, Double Tops in identifying trends? or is it different cause its a sto5.

Regards,

Dan

[Ingot54]

Hey guys, with the Awesome Indicator (AO), The bar signals are very similar to the 4 hour MACD signal by Philip Neil? Would I Be right in Looking for Round bottoms, Double Tops in identifying trends, with the RSI thats with it.

Regards,

Dan

Hi Dan - we only operate with the indicators Bob has provided on P1 of this thread. Having said that, there is nothing to stop you from using whatever assistance from other indicators you wish. We just don't discuss them here, or the thread would end up as onion gravy.

There are other forums, and threads on those forums, where people jump in and try to fix something that is not broken. This forum keeps a graveyard for such posters - they have been banned for excessively cluttering threads with add-ons.

You could ask on the Philip Nell thread, but it is not kosher here. Keep reading from P1 and you will understand how we got to this point - it's a very worthwhile journey. Above all, read Steve's rules here:

http://www.stevehopwoodforex.com/phpBB3 ... p?f=11&t=2

... and value your membership here - Steve runs a tight ship.

[rostaus]

I have been following this thread from the inception and have been reasonably succesful in turning a live 2.5k account to just under 8k. I went away from the basic system and tried all the various mods that were coming through and my success slowed down. I was getting carried away too much with the Cuurency Slope Strength comparisons. So this week I went back to Bobs basic, keep it simple, system. I use the YAD104v 107 Dashboard and check for alerts for either RSI or Stoch bottoming/topping out. I then eyball charts that comply through Daily, 4, and 1 hourly periods and place pendings providing they are not threatened by Support or Resistance areas. My script places Target & Stop of 50 pips and I then adjust these to the makeup of the Chart..Stop generaly below last swing & target to Pivots or Mid Pivots. I mainly only place 1 or 2 levels of trade. I generally (but not always) place trades before London open and then monitor the trades. (on my I Phone if I am out, & I always carry my laptop with me so I can then jump on it and manage trades) When trades are positive I will move stops to breakeven or higher and run a trailing stop between 20 & 30 pips. Whilst this sytem is harder to trade in rangeing markets there are still always some opportunities evey week.
I live in Sydney and go to bed just after US open I wake for a toilet break through the nite & check my trades on my I Phone. Nice to go to bed with nothing open then have a few pendings go off whilst asleep and be positive a couple of hindred dollars. Even if in drawdown it causes me no stress, I am programmed for some losses and the wins far outway them.
Bob gave us a fabulous sytem of identifying the trend by the 240..& useing RSI for overbought/sold on the pullback, then tradeing backinto the trend, how easy is that..Bob..you are a champion
The Statement below is for this week.

Hi Ray singcar appreciate you sharing your strategy, could you post the script or EA that you use to run a trailing stop. thanks