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Flying Dutchman

  • #7,721
  • Apr 23, 2023 6:38am Apr 23, 2023 6:38am
Quoting bluesteele
Since I am enquiring about modifying the MT4 indi to incorporate the open line and 50% line I thought I would add some other charts,, Some of the things I OBSERVE and am aware of whilst trading... Is being aware of the Opens Highs Lows and 50% line areas going into NY and earlier Asia... I dont trade London anymore... From Pre NY equity open to Asia is all... But heres a couple of charts that highlights what I am eluding too... I do have certain criteria/triggers that I employ when price is in these areas.. I obviously dont blindly trade any of...
Similar to what I have been doing. I am sure someone else has refined this, but hey ...
Since I only look at a couple currency pairs and an equity index mine is a bit involved.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15-leveltheory.png Size: 55 KB
Mark ... Everything you have been told is a LIE
  • #7,722
  • Apr 23, 2023 8:21am Apr 23, 2023 8:21am
Quoting MoneyZilla
Trading is not complicated business. Has anyone tried to JUST buy the GBP. Opening and managing ONLY GBP buys? Or maybe, JUST buy the USD? Opening and managing ONLY GBP sells (in GBPUSD)? 1. Just determine the major trend from a STARTING POINT. 2. ANY indicator is good for the job (they ALL have 50% wrong vs. 50% correct ratio). 3. Stick to just one side and DON'T flip sides at those infinite micro indications for direction changes. Some starting points will bring you negatives, most will bring you positives. Handle these, so you can profit at the...
As a description of what happens in our trading this is largely correct. But as a guide to what to do it is not correct. This is almost like "go trading, identify the trend, make money and be happy." It is not so. It needs to be realized that in order to be successful, we do have identify the trend. But how? Via indicators that are 50% right and 50% wrong? No, and that is where the problems for most traders is: The trick is to research, test and verify those indicators in those trading situations that both give us statistically higher than 50% probability of success, which means profit as opposed to loss.
  • #7,723
  • Edited 10:57am Apr 23, 2023 8:52am | Edited 10:57am
Here is another interesting indicator to mark sessions HIGH, LOW, & Mid Level with projection lines above & below using the range of Box.

I like the way the price reacts to mid levels & projected targets. You can get the price levels by hovering your mouse over each line.

Attached Image (click to enlarge)
Click to Enlarge Name: 2023-04-23_14h48_44.png Size: 20 KB


Attached File(s)
File Type: mq4 Xi-Sessions extra levels.mq4   44 KB | 329 downloads
It never gets easier, you just get better
  • #7,724
  • Apr 23, 2023 11:15am Apr 23, 2023 11:15am
Quoting Shabs19
Here is another interesting indicator to mark sessions HIGH, LOW, & Mid Level with projection lines above & below using the range of Box. I like the way the price reacts to mid levels & projected targets. You can get the price levels by hovering your mouse over each line. {image} {file}


Do you have a warehouse or something ?? !!
Success = Practice + Patience + Persistence
  • #7,725
  • Apr 23, 2023 11:30am Apr 23, 2023 11:30am
Quoting Eurorally
{quote} As a description of what happens in our trading this is largely correct. But as a guide to what to do it is not correct. This is almost like "go trading, identify the trend, make money and be happy." It is not so. It needs to be realized that in order to be successful, we do have identify the trend. But how? Via indicators that are 50% right and 50% wrong? No, and that is where the problems for most traders is: The trick is to research, test and verify those indicators in those trading situations that both give us statistically higher than...
Know your tools and you will know what works.
Mark ... Everything you have been told is a LIE
  • #7,726
  • Apr 23, 2023 11:33am Apr 23, 2023 11:33am
Quoting fxpider
{quote} Do you have a warehouse or something ?? !!
I could send you a zip file with some 2500+ indis. They won't help. Someone told me that.
Mark ... Everything you have been told is a LIE
  • #7,727
  • Apr 23, 2023 11:38am Apr 23, 2023 11:38am
Quoting spzd
{quote} Similar to what I have been doing. I am sure someone else has refined this, but hey ... Since I only look at a couple currency pairs and an equity index mine is a bit involved. {image}
This is but a variant of the thing George had people do. I use static levels and the dynamic mid-points. And they have significance until price takes them out - that makes it easier to deal with.

Nothing new. Not many seem to make use of it though. Could be requires some effort or something like that.
Mark ... Everything you have been told is a LIE
  • #7,728
  • Apr 23, 2023 11:47am Apr 23, 2023 11:47am
Quoting spzd
{quote} I could send you a zip file with some 2500+ indis. They won't help. Someone told me that.
The indi that lies in between the two ears will outperform that zip file, I guess.
Success = Practice + Patience + Persistence
  • #7,729
  • Apr 23, 2023 11:56am Apr 23, 2023 11:56am
Quoting fxpider
{quote} The indi that lies in between the two ears will outperform that zip file, I guess.
Do you have one of those ... can you send it ...
Mark ... Everything you have been told is a LIE
  • #7,730
  • Apr 23, 2023 12:15pm Apr 23, 2023 12:15pm
Quoting fxpider
{quote} The indi that lies in between the two ears will outperform that zip file, I guess.
Depends how dense the space is, in between the ears.

It never gets easier, you just get better
  • #7,731
  • Edited 1:51pm Apr 23, 2023 12:48pm | Edited 1:51pm
I use this indicator to draw the Daily Open Lines, you can set start & extend times.

You can use muliple times to show eg. London & NY Opens etc. using different ID's

The code in Properties input for Open Lines is O2, where 2 is the line thickness.

Attached File(s)
File Type: mq4 Daily Lines Boxes v2 BT.mq4   337 KB | 310 downloads
It never gets easier, you just get better
  • #7,732
  • Apr 23, 2023 5:51pm Apr 23, 2023 5:51pm
Just a copy of what I posted over in Platform Tech thread " I will code your EAs and indis...."

To add some context of what I have been asking for help with and one of my many methods/setups...
Heres a chart of Gold last weds and thurs and I am showing you the basics of one of my setups using the Asia box and the NY box.
I base everything of all my setups off these exact boxes Tokyo and NY .. I dont incorporate the London session as my thesis is the day is set by Asia.

I use 9 different entry setups with these boxes..Some I wait for a retracement others I enter upon opening of the NY box etc,,some I use Moving averages...So this is just an example of one of my favorite setups.

There is more to it but the pics will give you the gist of it.

I dont want to pollute this thread with non tech issues but figured one post is fair to at least show what ive been asking for help with....

Further than that you can find me on my normal hangout Flying Dutchman

All the best and much thanks for the help received....
Blue

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM5 April 20 2023 One of my Box setups.png Size: 61 KB
Master your Mind,,,Master the Market
  • #7,733
  • Apr 23, 2023 6:19pm Apr 23, 2023 6:19pm
And for a bit of fun, what does the 1 min chart look like so far this morning.

I'll be waiting an hour & a half I reckon hahaaa, till the "operator" who clearly fell asleep with his elbow on the keyboard, wakes up

(edit: my other platform does not have this lol, but the candles moves so quick plus spread changes you cant even enter and exit for the 10 pips,
such is life, someone will wake them up soon no doubt)

.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 oh yeah hahaaa.png Size: 8 KB
  • #7,734
  • Apr 23, 2023 6:50pm Apr 23, 2023 6:50pm
Quoting TimeTells
And for a bit of fun, what does the 1 min chart look like so far this morning. I'll be waiting an hour & a half I reckon hahaaa, till the "operator" who clearly fell asleep with his elbow on the keyboard, wakes up (edit: my other platform does not have this lol, but the candles moves so quick plus spread changes you cant even enter and exit for the 10 pips, such is life, someone will wake them up soon no doubt) . {image}
Looks like me trying to change one little line of the most simplest code,,,very similar results !!!

I will stick with my strong suit of pattern hunting,,,observational analytics with a sprinkling of confirmation bias....and I hope the guy behind the wheel at that broker wakes up and gets his elbows off the keyboard !!!
Master your Mind,,,Master the Market
  • #7,735
  • Apr 23, 2023 7:00pm Apr 23, 2023 7:00pm
Quoting bluesteele
{quote}
Looks like me trying to change one little line of the most simplest code,,,very similar results !!! I will stick with my strong suit of pattern hunting,,,observational analytics with a sprinkling of confirmation bias....and I hope the guy behind the wheel at that broker wakes up and gets his elbows off the keyboard !!!

It'a a live a/c NY.Live.02 feed lol,
Clearly not on human watch at present, although the widening has dropped to less then 5 pips now lol which is all just a spread change.
The cleaner will get the blame, you watch
  • #7,736
  • Apr 23, 2023 7:37pm Apr 23, 2023 7:37pm
Quoting TimeTells
And for a bit of fun, what does the 1 min chart look like so far this morning. I'll be waiting an hour & a half I reckon hahaaa, till the "operator" who clearly fell asleep with his elbow on the keyboard, wakes up (edit: my other platform does not have this lol, but the candles moves so quick plus spread changes you cant even enter and exit for the 10 pips, such is life, someone will wake them up soon no doubt) . {image}

I used this rather strange price movement to turn $100 to $2700. As a result, I am now considering taking a well-deserved but short holiday break lol
  • #7,737
  • Apr 23, 2023 7:48pm Apr 23, 2023 7:48pm
If anyone is interested in trading indices successfully every day at the NY open, I have a very successful proven method of trading them, I trade dow every day for a few hours after the NY open and make a nice living doing it.
if you will give me your email addy, my setups are free, and there are many people trading them successfully.
All you need to do is take the time to practice the entries for 100 trades or more, and keep track of your success rate
Thanks and hope to hear from you. sorry for posting this here Flying dutchman, but I am not selling anything.
  • #7,738
  • Apr 23, 2023 7:50pm Apr 23, 2023 7:50pm
Quoting penny1
{quote}
I used this rather strange price movement to turn $100 to $2700. As a result, I am now considering taking a well-deserved but short holiday break lol

Brilliant work Penny, it went on for about an hour when I looked back later.
A complete abherration as my other Live a/c did not have this phenomenon of price movement at all.
If the a/c mgr approaches you tell them it was their bad luck, you were only trading what the platform provided you hahaaa.
Enjoy your hols if you do take one, & very well done
  • #7,739
  • Apr 23, 2023 7:53pm Apr 23, 2023 7:53pm
Quoting spzd
{quote} Do you have one of those ... can you send it ...
Sure.....
Success = Practice + Patience + Persistence
  • #7,740
  • Apr 23, 2023 7:58pm Apr 23, 2023 7:58pm
Quoting Shabs19
{quote} Depends how dense the space is, in between the ears.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 4 KB


Just measured, mine is within the range
Success = Practice + Patience + Persistence
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