{quote} Hi Shiva I have bolded the length that is a 1:1 fit. By that I mean there is one full abonacci phase between the Murrey Math Levels (and generally what I am trading). Steve
- #281
- Apr 7, 2014 5:53am Apr 7, 2014 5:53am
- Joined Aug 2007 | Status: Doing It In Dubai | 2,457 Posts
- #282
- Edited 8:16am Apr 7, 2014 7:45am | Edited 8:16am
ok lets make it simpl for all boys for euro usd this month Baseline=April pivot points=1.3814 April pivot points come out at first april Size=March high-March low=13966-13704=262 so what the Baseline and the Size for euro usd april 2014 until the end of april is Baseline=1.3814 Size=262 and that is the right way to come up with the Baseline and the Size for all currency pairs when you go short stop loss at 14.6% fibo levels when you go long stop loss at 86.0% fibo levels use macd histogram to enter trad enter the trade after the candel close all...
Hello moursi thanks for your solution.
Can somebody (if i dont ask to much) make a script or EA or something else that can calculate automatically all the data for 28 pairs?
In attachment the list of the pairs.... this what i can do...thanks in advance.
Regards
- #283
- Edited 8:18am Apr 7, 2014 7:52am | Edited 8:18am
- Joined Mar 2013 | Status: Putting it all together... | 1,185 Posts
- #286
- Apr 7, 2014 9:11am Apr 7, 2014 9:11am
- Joined Mar 2013 | Status: Putting it all together... | 1,185 Posts
I mentioned before that I have been testing using ADX as a filter. For those who don't know about ADX a quick google or FF search will fill you in. Basically you have 3 lines, D+ (green), D- (red) and ADX (white). There are three levels I have marked out 10, 25, 40.
The D+ shows the strength of the bulls, the D- the strength of the bears.
When green is above red, the bulls are stronger
When red above green, the bears are stronger.
The ADX line is used to indicate just how strong the bears or bulls are (ie the strength of the trend). Pointing up, means getting stronger, above 25 means strong trend, above 40 means very strong trend.
On the chart below, the green arrows show D+ crossing above D-, and the red arrows show D- crossing above D+.
Application - you can use it as a filter to see the consolidation and breakout into your trade. You can also use as a TP or BE filter, or even to add to trades on the pullbacks.
As they say, a picture says a thousand words.
Two indicators required
ADX Crosses indicator attached for cross signals (attached)
Average Directional Movement Index (found in all MT4 indicator lists).
The D+ shows the strength of the bulls, the D- the strength of the bears.
When green is above red, the bulls are stronger
When red above green, the bears are stronger.
The ADX line is used to indicate just how strong the bears or bulls are (ie the strength of the trend). Pointing up, means getting stronger, above 25 means strong trend, above 40 means very strong trend.
On the chart below, the green arrows show D+ crossing above D-, and the red arrows show D- crossing above D+.
Application - you can use it as a filter to see the consolidation and breakout into your trade. You can also use as a TP or BE filter, or even to add to trades on the pullbacks.
As they say, a picture says a thousand words.
Two indicators required
ADX Crosses indicator attached for cross signals (attached)
Average Directional Movement Index (found in all MT4 indicator lists).
- #290
- Apr 7, 2014 3:15pm Apr 7, 2014 3:15pm
- Joined Mar 2013 | Status: Putting it all together... | 1,185 Posts
- #293
- Apr 8, 2014 4:40am Apr 8, 2014 4:40am
- Joined Mar 2013 | Status: Putting it all together... | 1,185 Posts
- #296
- Apr 9, 2014 4:01am Apr 9, 2014 4:01am
- Joined Mar 2013 | Status: Putting it all together... | 1,185 Posts
- #298
- Apr 11, 2014 3:04am Apr 11, 2014 3:04am
- Joined Mar 2013 | Status: Putting it all together... | 1,185 Posts
- #299
- Apr 12, 2014 12:28am Apr 12, 2014 12:28am
Thank you hollowhead for sharing this system.
As I said I would share my trade result, I trade all pairs with 122 for major and 156 for yen pairs and there result may not amaze you eyes but the stable profits gain each week seems convincing and suitable for using larger amount to risk per trade. Each trade I risk like 0.5 % like u can see my average lose is about USD30
However, u can see my summary, my win ratio sometimes close to 50% but never really equal to 50%, always between 40%-50% but the Risk to Reward did the job. maybe that's becoz i am trading smaller pips range.
Even this is sorta mechanical system coz just setting pending orders every time, however, it seems possible to win the game in a long run as the money management is simple and efficient.
Anyone trade like scalping successfully? I would really wanna scalp with this system.
I will keep the forward testing until 100 trades to see the profitability later.
Nice weekend!
As I said I would share my trade result, I trade all pairs with 122 for major and 156 for yen pairs and there result may not amaze you eyes but the stable profits gain each week seems convincing and suitable for using larger amount to risk per trade. Each trade I risk like 0.5 % like u can see my average lose is about USD30
However, u can see my summary, my win ratio sometimes close to 50% but never really equal to 50%, always between 40%-50% but the Risk to Reward did the job. maybe that's becoz i am trading smaller pips range.
Even this is sorta mechanical system coz just setting pending orders every time, however, it seems possible to win the game in a long run as the money management is simple and efficient.
Anyone trade like scalping successfully? I would really wanna scalp with this system.
I will keep the forward testing until 100 trades to see the profitability later.
Nice weekend!
- #300
- Apr 12, 2014 6:36am Apr 12, 2014 6:36am
- Joined Mar 2013 | Status: Putting it all together... | 1,185 Posts