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| 10.7/10.9 INDI SOLUTIONS https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3550 |
Page 44 of 72 |
| Author: | alorente [ Sun May 04, 2014 12:07 pm ] |
| Post subject: | 10.7/10.9 INDI SOLUTIONS |
I have checked out the new dashboard and everything seems to be correctly coded. Here are step by step instructions of how I use this new dashboard. I will refer the explanation to the H4 Sto column. You can use the same procedure for other TF columns as well: Buy: 1- The pair is ForestGreen. This means, Wk, D and D1 Trend Columns are all Lime. 2- Wait for H4 Sto value to drop under Stochastic Low value you have set on the inputs. At this point, the pair name will turn Lime color and the H4 Sto arrow points down. 3- Wait for the H4 Sto arrow to turn up. I enter at this point. Buy Exit: Stay in the trade until H4 Sto arrow value climbs above 50 and arrow turns down. I exit at this point. Sell: 1- The pair turns BrickRed. This means, Wk, D and D1 Trend Columns are all Red. 2- Wait for H4 Sto value to climb above Stochastic High value you have set on the inputs. At this point, the pair name will turn Red in color and the H4 Sto arrow points up. 3- Wait for the Ha Sto arrow to turn down. I enter at this point. Sell Exit: Stay in the trade until H4 Sto value drops below 50 and arrow turns up. I exit at this point. Stop Loss: Between 50 and 100 pips depending on the pair ATR (Volatility). Recommended Stochastic High/Low settings. For H4, I recommend 70/30. For H1 80/20 is ok. There is no need to show the Wk and D columns because the pair colors include their alignment. I like to show the D1 Trend column because it gives the added information of the H4 diamond. Even though it is not a condition for trade, it is nice to have. I removed the yellow stochastic values because I don´t need them for exit. You dont need any other column shown, but I like to see the D1 Sto value, even thogh it is not part of the conditions, so I leave it on. You can turn it off if you find the dashboard is too cluttered. It is not needed. In reality, all you absolutely need is the pair name column and the sto TF column you choose to trade. Two columns, that´s all. Very simple. Good Luck !!! Remember: NO GUARANTEES !!! |
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| Author: | Wavegarrick [ Sun May 04, 2014 12:48 pm ] |
| Post subject: | 10.7/10.9 INDI SOLUTIONS |
Hi Alorente, Brilliant combination as per your custom tweak and Spiderx's excellent finishing touches on the dashboard. I have been experimenting with the Daily 240 Ma for a while and a powerful combo with the 4 hr 240 Ma and nothing better when we have a pull back if price is above or below the 4hr 60 ma and 240 Ma as well as the Daily 240 Ma. Together with the 722 stochs makes a powerful combo Thanks Guys |
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| Author: | SpiderX [ Sun May 04, 2014 1:27 pm ] |
| Post subject: | 10.7/10.9 INDI SOLUTIONS |
Hi Al, Do you enter trades mid candle or do you wait for candle to end to enter ? Cheers |
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| Author: | fire580 [ Sun May 04, 2014 2:03 pm ] |
| Post subject: | 10.7/10.9 INDI SOLUTIONS |
Thanks Al and SpiderX for the newest changes in the dashboard - brilliant as usual  Question for Al when you are entering with the H4 Sto do you or do you not consider the H1 at all, and when you are entering based on H1 do you or not consider the H4  An alert right at the point Al enters when the arrow of H4 Sto aligns with his trade direction for entry would be a great Alert spot.  |
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| Author: | Eamonn [ Sun May 04, 2014 9:32 pm ] |
| Post subject: | 10.7/10.9 INDI SOLUTIONS |
Hi Al, Spidy The new dashboard is sensational Cheers Eamonn. |
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| Author: | xrismak [ Sun May 04, 2014 9:44 pm ] |
| Post subject: | 10.7/10.9 INDI SOLUTIONS |
Hey Spider x, Do we put the Dashboard on the H4 Time frame or D1 Time frame, or whichever Time frame we Stick it on doesn't Matter ? Cheers, xrismak  |
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| Author: | SpiderX [ Mon May 05, 2014 2:43 am ] |
| Post subject: | 10.7/10.9 INDI SOLUTIONS |
Dashboard is timeframe independent. Cheers |
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| Author: | alorente [ Mon May 05, 2014 8:10 am ] |
| Post subject: | 10.7/10.9 INDI SOLUTIONS |
As soonas the Sto arrow turns, I enter immediately. I don´t wait for close. |
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| Author: | alorente [ Mon May 05, 2014 8:15 am ] |
| Post subject: | 10.7/10.9 INDI SOLUTIONS |
When I trade in H4, I sometimes take a peek at H1 to make sure it is going in the same direction, but it is not necessary. It usually is. I trust the system so usually I don´t even check. Yes. An alert at the point the sto arrow turns (Step 3) would be greatly appreciated, but the alert should trigger only if the other conditions are met. That is the only alert that is important for me. All the others occur too early. |
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| Author: | alorente [ Mon May 05, 2014 8:20 am ] |
| Post subject: | 10.7/10.9 INDI SOLUTIONS |
Unless I am mistaken, as it stands now, the pair name will not react (Lime) with the D1 Sto. Only H4 or less. Spider, is this the case? I recommend sticking with one time frame and specializing in it. If you trade different time frames you will not get the "feel" that you need to become a great trader. |
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