10.9 DAILY/WEEKLY TRADES ONLY

Post by **nanningbob** » Mon Apr 07, 2014 8:07 am

Khalaad » Mon Apr 07, 2014 2:40 pm wrote:With the caveat what is right for me may not be right for another trader, I find the day close as the only valid trade-able price. The intraday price movement is mostly noise; the exception being when a market is at extremes, and clearly out of balance.

Therefore, to distinguish, as far as it may be possible, between the signal and noise, I would like to trade 10.9 at close only. Indeed, I am presently trying to modifying 10.9 STO_HT_ ALERT_V3.17 indicator to update on candle/bar close only; MQL appears to have no equivalent of the EasyLanguage ‘This bar on Close’. But the subject of the indicator modification is strictly a matter for the 10.7/10.9 INDI SOLUTIONS topic.

Khalid

Thank you for posting but I hope nobody else does this. 10.7 is about trading the now. If you wait until the close of the daily candle then you are trading yesterdays move. That is not what this is about we are trading today's move. On lower end charts we also add the daily move so when the daily and weekly move agree then take the STO7 to victory. Since we are already on the daily candle we dont use the daily2.1. When we see the daily candle agree with the weekly candle we trade today not tomorrow.

Post by **nanningbob** » Mon Apr 07, 2014 8:12 am

James Roscoe » Mon Apr 07, 2014 2:15 pm wrote:
trucomallica » Mon Apr 07, 2014 4:56 am wrote:If the weekly movement would be determined by the first day, shouldn't be the movement set by the first London session of the week used as a guide to future movement?
I have a broker that uses a Sunday candle, so the indi is stable for me already. My broker is in NYC. I wonder if that matters? Geographical location, I mean.

Whether you have a Sunday candle or not should have no effect on a weekly based candle. They both start at the same time and the day time change would not affect the weekly candle. It would affect the daily candle read since when Sunday turns to Monday the daily 2.1 would start its read all over again. Milanese will have to explain how that is programmed into the indi, whether it will make a separate candle for those that have a Sunday start.

darshanag · Post by **darshanag** » Mon Apr 07, 2014 8:23 am

milanese » Sun Apr 06, 2014 4:16 pm wrote:
art » Sun Apr 06, 2014 10:44 am wrote:hi guys my indicator file in the zip folder is empty, any clues, cheers
it is in the template folder

Cheers

Tommaso

Hi Tommaso,

Will 10.7/8/9 indicators work in the old version of Empty4 or is it only compatible with the 6xx builds ?

Cheers

D

P.S. Thank you, bob and all involved in producing this super system. No words can do justice to the appreciation I have...

Post by **rebyte2** » Mon Apr 07, 2014 8:25 am

nanningbob » Mon Apr 07, 2014 12:46 am wrote:aud/cad daily is in a decision stage. Will it continue its UT or will it continue its DT. We may learn when the TL is broken on a daily like this the UT is broken. However from seeing W2.1 if the STO7 goes up it will take the W2.1 one with it at this point. WHY? its the beginning of the week so any move up or down will send w2.1 in that direction. Then if maintained it will stick and you can trade it. If price ranges tightly it could bounce up and down since it is right there at that decision point.

What to do? We know AUD has been up on top of the CSS and has the ability to stay there this week also. However, the CAD is moving up and if the AUD starts moving down then W2.1 will stay down and we begin trading the new trend. If AUD/CAD cross on the CSS then we can use the W2.1 to stay in the trade until it moves up again ending that trade. In other words this is how we will know to stay or leave. CAD angling up and AUD angling down will create momentum on the chart and we take the ride.

For now we have TL break on the daily,W2.1 down and STO7 down. CSS cross and we know to stay in. price move up W2.1 moves up STO7 moves up then we can look at a reenter into the UT. The TL and CSS will give us the clues.

Hi Bob.

Further to the AUDCAD Daily, does the STO7 suppose to actually touch the '0' line, before going back up, or being below the '10' line qualify.

Congrats to all concerned on what appears to be a solid strategy. This daily system is what I need, as i spend little time on charting.

Post by **milanese** » Mon Apr 07, 2014 8:27 am

darshanag » Mon Apr 07, 2014 8:23 am wrote:
Hi Tommaso,

Will 10.7/8/9 indicators work in the old version of Empty4 or is it only compatible with the 6xx builds ?

Cheers

D

P.S. Thank you, bob and all involved in producing this super system. No words can do justice to the appreciation I have...

It will only work with the new 6xx builds ..

Cheers

Tommaso

Post by **nanningbob** » Mon Apr 07, 2014 8:44 am

aud/usd daily candle trade set up. This is what it looks like before it happens.

Post by **nanningbob** » Mon Apr 07, 2014 9:45 am

usd/cad set up. W2.1 on top STO7 ready to cross up 90 and both TL. Also this is a good Support area previously.

Post by **nanningbob** » Mon Apr 07, 2014 9:57 am

I just found out something I didnt know. The TL maker has its own entrance and exit formula. Look at this usd/cad. It said to enter when price broke south of TL last Friday and then it said to exit when it crossed back over the TL. It has its own TP and SL warnings. INTERESTING. Will have to watch this further.

Post by **milanese** » Mon Apr 07, 2014 10:12 am

I did post an update for the 10.9 stoch indi http://www.stevehopwoodforex.com/phpBB3 ... 923#p89923

Cheers

Tommaso

Post by **milanese** » Mon Apr 07, 2014 12:52 pm

I posted again an update for the stoch indicators http://www.stevehopwoodforex.com/phpBB3 ... 951#p89951 resolving the sunday candle issues with brokers having sunday candles, it is an important fix...

Cheers

Tommaso