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10.3 SCALPER/RANGE TRADE SYSTEM
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=919		 Page 156 of 178
Author:  McNish [ Mon Jan 21, 2013 12:36 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
That is the latest version Baluda is talking about, 1.0.9. He just gave a description of it I guess.

It does not matter in what time zone your Criminal is too. Right?
Author:  hilavoku [ Mon Jan 21, 2013 2:25 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Oh Bob,

i'am in the wrong thread :D
Should be at http://www.stevehopwoodforex.com/phpBB3 ... 52&p=35762 Jems GlobalPrime

Sry for that.



nanningbob wrote:
hilavoku wrote:Hiho,

me again.
Right at the moment 23:14 in germany i have no ticks on my VPS on the GlobalPrime Empty4 instance for USDCHF, EURJPY,GBPJPY.
When i open my ActivTrades Empty4 instance on the same server. There i have ticks! Has someone made the same observation?

I don't understand this behaviour...

Thx in advance
Guido
There is a tick generator in the original package so you can set up your lines properly during non trading hours. But what you are talking about ?????????????? dont know.
Author:  nanningbob [ Mon Jan 21, 2013 2:39 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
blazko wrote:Sorry for beeing stupid: where is the latest version? Baluda Indi thread still has 1.0.9.
Page `1 post 1 it is in the update section or go to Baluda's thread.
Author:  Baluda [ Mon Jan 21, 2013 2:42 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
McNish wrote:It does not matter in what time zone your Criminal is too. Right?
No, that too, does not matter.

Original post amended.

Paul
Author:  MurphyMan [ Mon Jan 21, 2013 6:57 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Baluda wrote:
Here are some possible settings:
  • +2 = Sydney Open, -7 = Sydney Close, +1 = one hour before Sydney Open.
  • 0 = Tokyo Open, -9 = Tokyo Close, -1 = one hour before Tokyo Open.
  • -7 = Frankfurt Open, +4 = Frankfurt Close, -6 = one hour before Frankfurt Open.
  • -8 = London Open, +7 = London Close, -7 = one hour before London Open.
  • +11 = New York Open, +2 = New York Close, +10 = one hour before New York Open.
Cheers,

Paul

Whew! Glad we got THAT settled. Thanks Paul & Bob!

Now, on to trading...
Author:  rostaus [ Mon Jan 21, 2013 7:04 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Baluda wrote:The latest version of DWMPivots supports the setting the pivots at any hour you want through the 'hoursFromGMT' setting. This setting puts midnight/day change for the calculation of the pivots at the hour of your own choice.

The only requirement is a PC with XP or better and automatic time settings.
  • It does not matter in what time zone you are.
  • It does not matter in what time zone your broker is.
  • It does not matter in what time zone your PC is.
  • DWMPivots knows what to do!
If you set hoursFromGMT to 0 your pivots will be at, drumroll please, GMT+0, midnight in London. If you set hoursFromGMT to 1 your pivots will be at GMT+1, midnight in Amsterdam, Paris, Madrid, Rome, Kinshasa. At 2 they will be at GMT+2, midnight in Kiev, Joburg. Etc, etc.

Here are some possible settings:
  • +2 = Sydney Open, -7 = Sydney Close, +1 = one hour before Sydney Open.
  • 0 = Tokyo Open, -9 = Tokyo Close, -1 = one hour before Tokyo Open.
  • -7 = Frankfurt Open, +4 = Frankfurt Close, -6 = one hour before Frankfurt Open.
  • -8 = London Open, +7 = London Close, -7 = one hour before London Open.
  • +11 = New York Open, +2 = New York Close, +10 = one hour before New York Open.
Cheers,

Paul
Paul,

For instance Tokyo, an hour before the Tokyo session, would you enter -1 or would it be -8 because they are -9 from GMT.

Thanks Rob
Author:  MurphyMan [ Mon Jan 21, 2013 7:37 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
rostaus wrote:
Baluda wrote:
  • It does not matter in what time zone you are.
  • It does not matter in what time zone your broker is.
  • It does not matter in what time zone your PC is.
  • DWMPivots knows what to do!
If you set hoursFromGMT to 0 your pivots will be at, drumroll please, GMT+0, midnight in London. If you set hoursFromGMT to 1 your pivots will be at GMT+1, midnight in Amsterdam, Paris, Madrid, Rome, Kinshasa. At 2 they will be at GMT+2, midnight in Kiev, Joburg. Etc, etc.

Here are some possible settings:
  • +2 = Sydney Open, -7 = Sydney Close, +1 = one hour before Sydney Open.
  • 0 = Tokyo Open, -9 = Tokyo Close, -1 = one hour before Tokyo Open.
  • -7 = Frankfurt Open, +4 = Frankfurt Close, -6 = one hour before Frankfurt Open.
  • -8 = London Open, +7 = London Close, -7 = one hour before London Open.
  • +11 = New York Open, +2 = New York Close, +10 = one hour before New York Open.
Cheers,

Paul
Paul,

For instance Tokyo, an hour before the Tokyo session, would you enter -1 or would it be -8 because they are -9 from GMT.

Thanks Rob
As it says above, -1.

To prove this, open one of Bob's charts in this thread and look at the pivots. Now, open the same chart in your Empty4 and use the Asian session. (because that's what Bob is looking at.) . Make sure you have the same time frame - I even use the same color candles. Now, compare your pivots to Bobs. They should match up. If they don't, adjust your hoursFromGMT. In my case, I found I had to set it to 0, to match Bob's chart.

I pretty much operate on a Monkey See, Monkey Do kind of approach.

:lol:
Author:  effluvium [ Mon Jan 21, 2013 9:48 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
nanningbob wrote:Here was a nice eur/jpy trade this morning using jpy pivots. over 50 pips.
Don't understand. During Asian session, EUR/JPY opened this Monday above DP, and signals were BUY, So if signals was taken it would be a loss.
Author:  blazko [ Mon Jan 21, 2013 10:46 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
nanningbob wrote:
blazko wrote:Sorry for beeing stupid: where is the latest version? Baluda Indi thread still has 1.0.9.
Page `1 post 1 it is in the update section or go to Baluda's thread.
Got it now. I thought that I should look for 1.0.10 ver somewhere. Its all clear now.

Bob - one other question regarding pairs traded during specific day times. While it would be clear to me to try frankfurt open pivots for EurGbp, Sydney open for AudNzd and Usa open for UsdCad I'm not entirely sure how about all the others.

Or... pairs dont matter, but my time in front of the computer does?

Thank you for your patience.
Author:  barnov [ Mon Jan 21, 2013 10:48 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
@effluium

Not sure if it's your broker's feed/prices or how you've set the JPY Pivots, but in TIB's piccy, you can see that the DO (119.925) was below DP (119.989) - indicating a 10.3 Sell

I've got an Cowboy IBFX demo as per TIB's pic, and with DWPM set as : addSundaytoMonday = true and hoursfromGMT=2 , you get the DO below DP as per above.

But if you set hoursfromGMT = 0, then you get the display that you refer to, which is DO above DP, hence I can understand your confusion.

As suggested by Baluda (Paul) in his post on p155, it's up to each of us to choose what Pivots meet our own personal requirements.

Regards

Paul.
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