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Supply Demand EA
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Author:  fx800 [ Fri May 03, 2013 2:39 pm ]
Post subject:  Re: Supply Demand EA
I do not trade on High impact news days because it is like playing lottery. If the trade goes your way, you make a pile. More often then not, you lose because the news spike will take out your stop loss before it goes your way.

There are many more days left during the month you can trade more predictably. I have learned the hard way. You can benefit from my experience.
Author:  fx800 [ Fri May 03, 2013 2:46 pm ]
Post subject:  Re: Supply Demand EA
Tebis wrote:
fx8000 wrote:Tools for manual trading
1. Tipster Trendlines ea -- coded by Another Brian (see Utilities section)
2. Scripts for Drop pending buy/sell

TPTL is particularly useful because you can set your entry, tp and sl. Also the option of setting two targets, possible taking one tp half way between entry and 0.8 atr.
Peter, thanks for the tools,
we got lot of candidates (see pic), Most are xxxjpy pairs (countertrades).
tebis
Tebis,

What is Chimp ??

peter
Author:  fx800 [ Fri May 03, 2013 3:09 pm ]
Post subject:  Re: Supply Demand EA
Tebis wrote:
fx8000 wrote:Tools for manual trading
1. Tipster Trendlines ea -- coded by Another Brian (see Utilities section)
2. Scripts for Drop pending buy/sell

TPTL is particularly useful because you can set your entry, tp and sl. Also the option of setting two targets, possible taking one tp half way between entry and 0.8 atr.
Peter, thanks for the tools,
we got lot of candidates (see pic), Most are xxxjpy pairs (countertrades).
tebis

I will be trading yen pairs when market opens on sunday night.
Author:  Tebis [ Fri May 03, 2013 3:17 pm ]
Post subject:  Re: Supply Demand EA
fx8000 wrote:
Tebis wrote:
fx8000 wrote:Tools for manual trading
1. Tipster Trendlines ea -- coded by Another Brian (see Utilities section)
2. Scripts for Drop pending buy/sell

TPTL is particularly useful because you can set your entry, tp and sl. Also the option of setting two targets, possible taking one tp half way between entry and 0.8 atr.
Peter, thanks for the tools,
we got lot of candidates (see pic), Most are xxxjpy pairs (countertrades).
tebis
Tebis,

What is Chimp ??

peter
Peter,
its a OBOS Indicator. A "professonal Trader" located in the US gave it to me after a webinar. He trades succesfull with SR_Lines and the Chimp.
Tebis
Author:  fx800 [ Fri May 03, 2013 3:27 pm ]
Post subject:  Re: Supply Demand EA
Tebis wrote:
fx8000 wrote:
Tebis wrote:
fx8000 wrote:Tools for manual trading
1. Tipster Trendlines ea -- coded by Another Brian (see Utilities section)
2. Scripts for Drop pending buy/sell

TPTL is particularly useful because you can set your entry, tp and sl. Also the option of setting two targets, possible taking one tp half way between entry and 0.8 atr.
Peter, thanks for the tools,
we got lot of candidates (see pic), Most are xxxjpy pairs (countertrades).
tebis
Tebis,

What is Chimp ??

peter


Peter,
its a OBOS Indicator. A "professonal Trader" located in the US gave it to me after a webinar. He trades succesfull with SR_Lines and the Chimp.
Tebis
Very interesting.

I am experimenting with Bob's RSITMA indi for pull back. Will post if the results are better.

It is a real pity no coder is coding this ea. It would make it easier to test various indi for pull back and also trade just using H4 stochs and H4 SS_SR.

peter
Author:  fx800 [ Fri May 03, 2013 3:52 pm ]
Post subject:  Re: Supply Demand EA
There is a supdem ea in Steve's forum using II_SUPDEM indi. coded by Ribelo. Unfortunately, it is not sending trades by the rules.

Also, the coder has disappeared from the scene since posting his ea, and no one has continued to do the debugging or find out why it fails to send trades.
Author:  Tebis [ Fri May 03, 2013 4:00 pm ]
Post subject:  Re: Supply Demand EA
Peter,
one more question. My pic (some posts back) showed the possible trade AUDCHF short (SS_RR). Rules are clear. What if CJ Rules shows first Step long (see pic. 3 days short / today 1 step long - HH and HL (till now 18:00). How would you decide on monday ? Which setup wins ?
Have a nice weekend.
Cheers
Tebis
Author:  fx800 [ Fri May 03, 2013 4:12 pm ]
Post subject:  Re: Supply Demand EA
Tebis wrote:Peter,
one more question. My pic (some posts back) showed the possible trade AUDCHF short (SS_RR). Rules are clear. What if CJ Rules shows first Step long (see pic. 3 days short / today 1 step long - HH and HL (till now 18:00). How would you decide on monday ? Which setup wins ?
Have a nice weekend.
Cheers
Tebis
Tebis, I don't quite understand your question. I do not follow CJ. I just trade the support resistance zones where price is located. Trend as defined by Bob -- above 240ma = UT, below 240ma = DT. If CT, use half lot size.

Today's price action is completely distorted by the news. By sunday night, things should have settled down. See where price is and trade accordingly. For Audchf, I will be looking for a supply zone to sell from as stochs > 80. The trend as you can see from the H4 chart is down.

You have to discount the moves today because the fundamental news will make any indicator useless.

peter
Author:  fx800 [ Fri May 03, 2013 4:32 pm ]
Post subject:  Re: Supply Demand EA
Here is the link to Tipster Trendlines ea

http://www.stevehopwoodforex.com/phpBB3 ... f=47&t=192

Thanks to Another Brian for sharing.
Author:  fx800 [ Fri May 03, 2013 4:54 pm ]
Post subject:  Re: Supply Demand EA
Anyone just starting out on your forex career/hobby, I would suggest go to Bob's 10.4 thread. Mine is only suitable for those more seasoned traders as some discretion is needed here.

Bob's thread link is as follows

http://www.stevehopwoodforex.com/phpBB3 ... =38&t=1481
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