stevehopwoodforex.com • 10.4 A Complete System

Author:

Gertje [ Tue Feb 26, 2013 2:36 pm ]

Post subject:

Re: 10.4 A Complete System

alex_forex wrote:
sponn wrote:Traders I'm not a coder so... I ask for help...

Could anybody update 10.4 Market Info indi to show 1% (or 0.5% or whatever) for a trades placed on WS, WR, WP. We have entrys around these lines (WMR, WMS) not a market orders so info what indicator is giving now (actual price from 240 MA and lot size) is not usable for trading. It helps for sure but doesnit be easier to show real lot size for pending trades ?
Was thinking about that today !
Thanks for pointing that

Alex

Of course this would make it easier, but the math isn't that difficult;
For every € 1.000,- balance with 0.01 lot and 100pip SL equals 1% of balance.

A SL of 500 pips is not really logical, so I take a max. SL of 200 pips if the 240MA is further away.
This means that with a max SL of 200 pips, I use 0.01 lot for every € 1.000,- balance and end up with 2% risk.

Because as soon as the 2nd trade opens the BE kicks in, the risk is minimal in my opinion. It is rare to have a full SL with this system, because;
- we're trading with the trend
- the initial SL is far enough away to give the trade room/ time to trigger the 2nd trade before SL is reached

Author:	Wiggy1965 [ Tue Feb 26, 2013 12:08 pm ]
Post subject:	Re: USDJPY
Gertje wrote:USDJPY is setting up for a nice multi-level play. If it bounces of the 240MA, I'll take; - MS2 - S1 - MS1 - WP - ....? Didn't use the 240MA as SL, but 100 pips instead. 2% risk. Looking forward.... My view is JPY pairs are marginal and there are others that are better options.... Pound, Euro, Cad and Aussie are all looking cleaner... Oh, and GBPNZD is setting up for a potential 300 piper ti T1 then who knows...... and my smokey, GOLD....you have to love the shinny stuff... Wiggy Wiggy Wiggy

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Author:	ronald123 [ Tue Feb 26, 2013 12:29 pm ]
Post subject:	Re: 10.4 A Complete System
mjws00 wrote:Here is the dashboard with MA option added. Hi again, the 'old' 10_4 Dashboard as well as the new one (with added MA option) don't refresh the '0' RSI value for some pairs, when time frame is set to 1440 - well, at least not for the GBPUSD, GBPAUD, but there's probably other pairs too. Seems to be ok for use with H4 TF/MA240. Hope this can be fixed, would make this splendid tool more reliable when working with MTFs. 10_4_old_dashboard_1440_tf_240_ma_also_rsi_value_0_no_refresh_gbpusd.jpg 10_4_dashboard_1440_tf_40_ma_value_0_no_refresh.jpg 10_4_dashboard_1440_tf_40_ma_value_0_no_refresh_gbpusd.jpg

Author:	veeyem [ Tue Feb 26, 2013 1:38 pm ]
Post subject:	Re: 10.4 A Complete System
ronald123 wrote: mjws00 wrote:Here is the dashboard with MA option added. Hi again, the 'old' 10_4 Dashboard as well as the new one (with added MA option) don't refresh the '0' RSI value for some pairs, when time frame is set to 1440 - well, at least not for the GBPUSD, GBPAUD, but there's probably other pairs too. Seems to be ok for use with H4 TF/MA240. Hope this can be fixed, would make this splendid tool more reliable when working with MTFs. 10_4_old_dashboard_1440_tf_240_ma_also_rsi_value_0_no_refresh_gbpusd.jpg 10_4_dashboard_1440_tf_40_ma_value_0_no_refresh.jpg 10_4_dashboard_1440_tf_40_ma_value_0_no_refresh_gbpusd.jpg I too have the same problem. The RSI value doesn't seem to match with what I see in the related chart using 10.4 template. Could someone post the latest indi which is working fine. Thx. Regards, VM

Author:	padnoter [ Tue Feb 26, 2013 1:43 pm ]
Post subject:	Re: 10.4 A Complete System
veeyem wrote: ronald123 wrote: mjws00 wrote:Here is the dashboard with MA option added. Hi again, the 'old' 10_4 Dashboard as well as the new one (with added MA option) don't refresh the '0' RSI value for some pairs, when time frame is set to 1440 - well, at least not for the GBPUSD, GBPAUD, but there's probably other pairs too. Seems to be ok for use with H4 TF/MA240. Hope this can be fixed, would make this splendid tool more reliable when working with MTFs. 10_4_old_dashboard_1440_tf_240_ma_also_rsi_value_0_no_refresh_gbpusd.jpg 10_4_dashboard_1440_tf_40_ma_value_0_no_refresh.jpg 10_4_dashboard_1440_tf_40_ma_value_0_no_refresh_gbpusd.jpg I too have the same problem. The RSI value doesn't seem to match with what I see in the related chart using 10.4 template. Could someone post the latest indi which is working fine. Thx. Regards, VM strange.... i'm still using my original one i posted... i don't have any problems with it

Author:	Gertje [ Tue Feb 26, 2013 1:47 pm ]
Post subject:	Re: 10.4 A Complete System
padnoter wrote: veeyem wrote: ronald123 wrote: mjws00 wrote:Here is the dashboard with MA option added. Hi again, the 'old' 10_4 Dashboard as well as the new one (with added MA option) don't refresh the '0' RSI value for some pairs, when time frame is set to 1440 - well, at least not for the GBPUSD, GBPAUD, but there's probably other pairs too. Seems to be ok for use with H4 TF/MA240. Hope this can be fixed, would make this splendid tool more reliable when working with MTFs. 10_4_old_dashboard_1440_tf_240_ma_also_rsi_value_0_no_refresh_gbpusd.jpg 10_4_dashboard_1440_tf_40_ma_value_0_no_refresh.jpg 10_4_dashboard_1440_tf_40_ma_value_0_no_refresh_gbpusd.jpg I too have the same problem. The RSI value doesn't seem to match with what I see in the related chart using 10.4 template. Could someone post the latest indi which is working fine. Thx. Regards, VM strange.... i'm still using my original one i posted... i don't have any problems with it Me too, but I don't care about the numbers matching or not. As soon as a pair's abbr. turns green or red, I go to the chart and see what's happening.

Author:	sponn [ Tue Feb 26, 2013 1:54 pm ]
Post subject:	Re: 10.4 A Complete System
Traders I'm not a coder so... I ask for help... Could anybody update 10.4 Market Info indi to show 1% (or 0.5% or whatever) for a trades placed on WS, WR, WP. We have entrys around these lines (WMR, WMS) not a market orders so info what indicator is giving now (actual price from 240 MA and lot size) is not usable for trading. It helps for sure but doesnit be easier to show real lot size for pending trades ?

Author:	vdwaltme [ Tue Feb 26, 2013 2:23 pm ]
Post subject:	Re: 10.4 A Complete System
Hi Sponn. I support that request. It makes more sense to get the lot size calculation from the pending trades.

Author:	alex_forex [ Tue Feb 26, 2013 2:28 pm ]
Post subject:	Re: 10.4 A Complete System
sponn wrote:Traders I'm not a coder so... I ask for help... Could anybody update 10.4 Market Info indi to show 1% (or 0.5% or whatever) for a trades placed on WS, WR, WP. We have entrys around these lines (WMR, WMS) not a market orders so info what indicator is giving now (actual price from 240 MA and lot size) is not usable for trading. It helps for sure but doesnit be easier to show real lot size for pending trades ? Was thinking about that today ! Thanks for pointing that Alex

Author:	sat79 [ Tue Feb 26, 2013 3:09 pm ]
Post subject:	Re: 10.4 A Complete System
[/quote] Of course this would make it easier, but the math isn't that difficult; For every € 1.000,- balance with 0.01 lot and 100pip SL equals 1% of balance. A SL of 500 pips is not really logical, so I take a max. SL of 200 pips if the 240MA is further away. This means that with a max SL of 200 pips, I use 0.01 lot for every € 1.000,- balance and end up with 2% risk. Because as soon as the 2nd trade opens the BE kicks in, the risk is minimal in my opinion. It is rare to have a full SL with this system, because; - we're trading with the trend - the initial SL is far enough away to give the trade room/ time to trigger the 2nd trade before SL is reached[/quote] Hmm... Its not so simple... You can try for yourself to lose 200 pips example in USDZAR, EURGBP and silver with same lotsize... Then compare results... Every currency pair have different value / gained or losed pip. most of pairs are pretty close of 10$/pip/1 full lot. But there is allso exceptions.

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