10.3 SCALPER/RANGE TRADE SYSTEM

This is where Bob posts his own threads
Locked
hilavoku
Trader
Posts: 170
Joined: Mon May 28, 2012 7:54 pm
Location: Germany

Re: 10.3 SCALPER/RANGE TRADE SYSTEM

Post by hilavoku »

Hi,

my problem is that i'am using TigerTron indy where i can set my daily open according to GMT+2. So my DO is at 23.00 o'clock in germany (GMT+1).
So the dashboard is showing me other values than i see on the charts... Would be nice to see the dashboard so we can set the start of the day manually (NY 17EST).

greetz
Guido

(EUR/JPY 115,134)
(GBP/JPY 141,475)
User avatar
nanningbob
Trader
Posts: 4564
Joined: Sun Dec 04, 2011 1:23 pm

Re: 10.3 SCALPER/RANGE TRADE SYSTEM

Post by nanningbob »

BritShrtHair wrote:
phil_trade wrote:
nanningbob wrote:
BritShrtHair wrote:
nanningbob wrote:Look at this, you can look up the best possible trades quickly with the dashboard. I marked them with red lines 2 hours before I set my trades. Interesting. Means most pairs are probably ranging or retracing right now.
Hello Bob,
I notice your DO values are somewhat strange?
Daily open is daily open, how can that be strange??
108.2 for USDJPY ?
Some more:
EURJPY DO: 152.73 (now 114.49)
GBPJPY DO: 190.06 (now 140.54)
We have been through this issue before again and again. Not going there. I am staying with what I have if you havent read my explanations just several pages back that is what you need to do.
I trade http://www.stevehopwoodforex.com/phpBB3 ... =38&t=3964,
I talk about my philosophy of trading here.
http://www.stevehopwoodforex.com/phpBB3 ... =38&t=3627
"The key to converting something useful to others is simplicity. Complexity is the enemy to execution." Tony Robbins
hilavoku
Trader
Posts: 170
Joined: Mon May 28, 2012 7:54 pm
Location: Germany

Re: 10.3 SCALPER/RANGE TRADE SYSTEM

Post by hilavoku »

nanningbob wrote:
BritShrtHair wrote:
phil_trade wrote:
nanningbob wrote:
BritShrtHair wrote:
nanningbob wrote:Look at this, you can look up the best possible trades quickly with the dashboard. I marked them with red lines 2 hours before I set my trades. Interesting. Means most pairs are probably ranging or retracing right now.
Hello Bob,
I notice your DO values are somewhat strange?
Daily open is daily open, how can that be strange??
108.2 for USDJPY ?
Some more:
EURJPY DO: 152.73 (now 114.49)
GBPJPY DO: 190.06 (now 140.54)
We have been through this issue before again and again. Not going there.
I knew you would say that ;)

But some of your DO's are totally going mad :)
The last time GBP/JPY was at ~190 was 2008 :lol:
User avatar
Baluda
Trader
Posts: 330
Joined: Mon Feb 06, 2012 2:00 pm
Location: An insignificant village in the Netherlands

Re: 10.3 SCALPER/RANGE TRADE SYSTEM

Post by Baluda »

About MultiTenPointThree v1.1.0:

Please reinitialize MultiTenPointThree before each use.

Only then it will read all values for all symbols correctly. At this time MultiTenPointThree will probably display incorrect information for less volatile symbols if it runs unattended past day change.

Will provide a fix later.

Paul
Check the MQL4 Market for my best EA's and Indicators.
APQN
Trader
Posts: 47
Joined: Wed Aug 22, 2012 8:08 am

Re: 10.3 SCALPER/RANGE TRADE SYSTEM

Post by APQN »

Entered 2 lost trades today during the Asian trading hours.
Short GBP/JPY 140.667, stopped out 140.767
Short EUR/JPY 114.512, stopped out 114.692

Like Bob warned us in the instruction manual, most of his losing trades occur on Monday and Tuesday.

How is everyone doing?
User avatar
nanningbob
Trader
Posts: 4564
Joined: Sun Dec 04, 2011 1:23 pm

Re: 10.3 SCALPER/RANGE TRADE SYSTEM

Post by nanningbob »

hilavoku wrote:
nanningbob wrote:
BritShrtHair wrote:
phil_trade wrote:
nanningbob wrote:
BritShrtHair wrote:
nanningbob wrote:Look at this, you can look up the best possible trades quickly with the dashboard. I marked them with red lines 2 hours before I set my trades. Interesting. Means most pairs are probably ranging or retracing right now.
Hello Bob,
I notice your DO values are somewhat strange?
Daily open is daily open, how can that be strange??
108.2 for USDJPY ?
Some more:
EURJPY DO: 152.73 (now 114.49)
GBPJPY DO: 190.06 (now 140.54)
We have been through this issue before again and again. Not going there.


I knew you would say that ;)

But some of your DO's are totally going mad :)
The last time GBP/JPY was at ~190 was 2008 :lol:
What are you laughing at me for moron? check out the price in the upper right hand corner.
You do not have the required permissions to view the files attached to this post.
I trade http://www.stevehopwoodforex.com/phpBB3 ... =38&t=3964,
I talk about my philosophy of trading here.
http://www.stevehopwoodforex.com/phpBB3 ... =38&t=3627
"The key to converting something useful to others is simplicity. Complexity is the enemy to execution." Tony Robbins
User avatar
Baluda
Trader
Posts: 330
Joined: Mon Feb 06, 2012 2:00 pm
Location: An insignificant village in the Netherlands

Re: 10.3 SCALPER/RANGE TRADE SYSTEM

Post by Baluda »

nanningbob wrote:What are you laughing at...
Bob, Hilavoku is referring to the DO of GBPJPY in the screenshot in this post.

My guess is you left MultiTenPointThree up and running during day change. Can you confirm that?

Paul
Check the MQL4 Market for my best EA's and Indicators.
hilavoku
Trader
Posts: 170
Joined: Mon May 28, 2012 7:54 pm
Location: Germany

Re: 10.3 SCALPER/RANGE TRADE SYSTEM

Post by hilavoku »

Baluda wrote:
nanningbob wrote:What are you laughing at...
Bob, Hilavoku is referring to the DO of GBPJPY in the screenshot in this post.

My guess is you left MultiTenPointThree up and running during day change. Can you confirm that?

Paul
Thx. You are right Paul. One moment must google for 'moron' ...
(Wiki: a common insult for a person considered stupid)
Mmmmhhh. Thats not nice...

For me MultiTenPointThree is running fine... (I will let it run till tomorrow to see if i will have the same problem as Bob has.)

see you
Guido
Lifesys
Trader
Posts: 126
Joined: Wed Apr 25, 2012 2:05 am
Location: Echuca Victoria. Australia

Re: 10.3 SCALPER/RANGE TRADE SYSTEM

Post by Lifesys »

Hi Bob
Seems a little out of character, you referencing folks like that when the DO numbers on the chart you posted are nearly ALL wrong. As hilavoku mentioned, most pairs have not hit near these values in last 3-5 years. ;-)
The time issue will continue to arise (causing defensiveness) when posting charts from providers which split up weeks and H4 periods, not using one which closes at NY close nor opens a multiple of 4 (48 hours) later.
You mentioned on a thread about using Axitrader - that is a very good idea as they use NY close synched charts. An enormous amount of time & talent seems wasted accommodating these split H4/D1 (GMT) charts.
Your contributions are magnanimous - will be near perfect when get rid of "Sunday candle" charts.
blessings
Paul
User avatar
Zool
Trader
Posts: 50
Joined: Wed May 09, 2012 8:39 pm
Location: Komárom, Hungary

Re: 10.3 SCALPER/RANGE TRADE SYSTEM

Post by Zool »

A few months ago I made an indicator for 10.2 to help me determine the TP targets. It puts horizontal lines on the chart, showing how much space left to reach the daily/weekly/monthly average ranges. It updates the lines as the price moves, so it's only for live use. It's best used when there was a pullback that possibly set the periods high or low, and in 10.3 we wait for that pullback before entering the trade on do/dp so that's why I'm thinking it could be used ;)
I attach it, and feel free to experiment with it.

Ps: I'm not an experienced coder so there could be places in the code that could be improved.

EDIT: I've found an error that caused the indi to not update the labels on the lines. I think I corrected it, so those 2 people who have already downloaded it before this edit, please download it again.
You do not have the required permissions to view the files attached to this post.
Locked

Return to “Bob's individual forum”