soundfx

Hi vikram88,
 
The "apply to" settings are just numbers which relate the to the applied price in the indicator, we want to use close price, so the default is correct:
 
0 = Close Price
1 = Open Price
2 = High Price
3 = Low Price
4 = Median Price: (High+Low)/2
5 = Typical Price: (High+Low+Close)/3
6 = Weighted Close Price: (High+Low+Close+Close)/4

Hi Guys,
 
I think that the latest version of the II_PipAccumulator is ready for you to try.
 
Changes include:
 
Real-time Mode:
To allow arrows to draw only when both MACD and Probability line up
 
All TF Probability:
Displays Probabilities from all timeframes
 
User defined Probability Levels:
So that you're not restricted to using 20/-20 levels
 
E-mail Alerts:
Option to e-mail alerts
 
Here's a small manual on the parameter settings:
 

http://www.multiupload.com/D5F7YFDQ99
 
Here's the main indicator:
 

http://www.multiupload.com/LPZZS9PBLG
 
Note that to handle MTF probabilities, the indicator needs to call the most recent version of II_Prob_Hist which needs to be saved to your indicators directory too:
 

http://www.multiupload.com/UVVKSRMA9O
 
And Here's a screenshot of what the multiple timeframe probabilities looks like:
 
http://i52.tinypic.com/k9yr0g.jpg

Hi Guys,
 
This EA is based on the manual system which is currently being enhanced, tested and traded in the thread:
 
http://indo-investasi.com/showthread.php/14520-Pip-Accumulator
 
I started a new thread for the EA, because I think it will be disruptive to the original thread to mix in EA discussions. So, please use this thread for anything related to the EA ;)
 
The EA is based on an earlier version of the II Pip Accumulator indicator (without multiple timeframe probabilities) and the code from the indicator has been replicated inside the EA.
 
Because the probability indicator which the EA uses operates over multiple timeframes, I don't think we can get accurate backtests, hence the EA will need to be forward tested.
 
The EA has various options, though I've not been able to test many of these (I'm sure that there will be plenty of bugs that need fixing if you start using options other than the current settings, so any keen EA developers, please feel free to amend whatever you like and repost it here). However, with the current default settings I'm getting excellent results running the EA on a 5m chart.
 
Please post your testing results and findings here, so that we can all work on creating a great "home grown" EA :)
 
Here's the most recent version of the EA and indicators (on 26th Sept 2011):
 

http://www.multiupload.com/FHMDLQVU7B
 
I also recommend that you read through the whole of the manual trading thread, so that you have the full background of where the EA development came from. Plus in the more recent posts you'll be able to download the most recent versions of the indicators II_Pip_Accumulator and II_Prob_Hist.
 
Here's a screen shot of what the indicators look like (I have these on the chart when running the EA, so that I can clearly see when and why the EA is making its decisions):
 
 
 
http://i54.tinypic.com/29sm6r.png
 
Here are the results from today running on EURUSD 5m with default settings:
 
 
 
http://i56.tinypic.com/14d2i42.jpg
http://i54.tinypic.com/ab2ddz.jpg (http://i54.tinypic.com/ab2ddz.jpg)

Hi Guys,
 
This EA is based on the manual system which is currently being enhanced, tested and traded in the thread:
 
http://indo-investasi.com/showthread.php/14520-Pip-Accumulator
 
I started a new thread for the EA, because I think it will be disruptive to the original thread to mix in EA discussions. So, please use this thread for anything related to the EA ;)
 
The EA is based on an earlier version of the II Pip Accumulator indicator (without multiple timeframe probabilities) and the code from the indicator has been replicated inside the EA.
 
Because the probability indicator which the EA uses operates over multiple timeframes, I don't think we can get accurate backtests, hence the EA will need to be forward tested.
 
The EA has various options, though I've not been able to test many of these (I'm sure that there will be plenty of bugs that need fixing if you start using options other than the current settings, so any keen EA developers, please feel free to amend whatever you like and repost it here). However, with the current default settings I'm getting excellent results running the EA on a 5m chart.
 
Please post your testing results and findings here, so that we can all work on creating a great "home grown" EA :)
 
Here's the most recent version of the EA and indicators (on 26th Sept 2011):
 

http://www.multiupload.com/FHMDLQVU7B
 
I also recommend that you read through the whole of the manual trading thread, so that you have the full background of where the EA development came from. Plus in the more recent posts you'll be able to download the most recent versions of the indicators II_Pip_Accumulator and II_Prob_Hist.
 
Here's a screen shot of what the indicators look like (I have these on the chart when running the EA, so that I can clearly see when and why the EA is making its decisions):
 
 
 
http://i54.tinypic.com/29sm6r.png
 
Here are the results from today running on EURUSD 5m with default settings:
 
 
 
http://i56.tinypic.com/14d2i42.jpg
http://i54.tinypic.com/ab2ddz.jpg (http://i54.tinypic.com/ab2ddz.jpg)

Hi Guys,
 
This EA is based on the manual system which is currently being enhanced, tested and traded in the thread:
 
http://indo-investasi.com/showthread.php/14520-Pip-Accumulator
 
I started a new thread for the EA, because I think it will be disruptive to the original thread to mix in EA discussions. So, please use this thread for anything related to the EA ;)
 
The EA is based on an earlier version of the II Pip Accumulator indicator (without multiple timeframe probabilities) and the code from the indicator has been replicated inside the EA.
 
Because the probability indicator which the EA uses operates over multiple timeframes, I don't think we can get accurate backtests, hence the EA will need to be forward tested.
 
The EA has various options, though I've not been able to test many of these (I'm sure that there will be plenty of bugs that need fixing if you start using options other than the current settings, so any keen EA developers, please feel free to amend whatever you like and repost it here). However, with the current default settings I'm getting excellent results running the EA on a 5m chart.
 
Please post your testing results and findings here, so that we can all work on creating a great "home grown" EA :)
 
Here's the most recent version of the EA and indicators (on 26th Sept 2011):
 

http://www.multiupload.com/FHMDLQVU7B
 
I also recommend that you read through the whole of the manual trading thread, so that you have the full background of where the EA development came from. Plus in the more recent posts you'll be able to download the most recent versions of the indicators II_Pip_Accumulator and II_Prob_Hist.
 
Here's a screen shot of what the indicators look like (I have these on the chart when running the EA, so that I can clearly see when and why the EA is making its decisions):
 
 
 
http://i54.tinypic.com/29sm6r.png
 
Here are the results from today running on EURUSD 5m with default settings:
 
 
 
http://i56.tinypic.com/14d2i42.jpg
http://i54.tinypic.com/ab2ddz.jpg (http://i54.tinypic.com/ab2ddz.jpg)

Hi Guys,
 
Here's V1 I think:
 

http://www.multiupload.com/JEMU6W5CTC
 
I assume that V2 is a slightly enhanced version of this one, though 147€ isn't much to pay to find out more ;)

Hi Guys,
 
Here's V1 I think:
 

http://www.multiupload.com/JEMU6W5CTC
 
I assume that V2 is a slightly enhanced version of this one, though 147€ isn't much to pay to find out more ;)

Here it is:
 

http://www.multiupload.com/HJZ98N96I3

Hi fxknight,
 
The thing which is supposed to make straddletraderpro stand out from the rest is that it will automatically delete its pending orders if the news release suggests that there won't be a spike.
 
I'm sure that we could adapt the EA posted here or a similar one to do the same thing. I believe that the % difference between the forecasted news number and the actual number released is what we need to track. A large % difference will be a "surprise" to the market and there will be some rapid buying or selling causing a spike.
 
To make this more sophisticated and capture some pips on non-spike trades too, we could enter trades with the prevailing trend (as it was before the news was released) after the rapid buying and selling settles after the news is released - what I've seen is that entering with the established trend at say 30-60mins after news will normally lead to a good few pips. It seems that the bigger players need some time to mull over the effects of the news before jumping into trades.

Pilfinger,
 
This EA does the same thing allowing you to click and drag SL's and TP's:
 

http://www.multiupload.com/GPBNA8T5H6

Hi Guys,
 
I think that the latest version of the II_PipAccumulator is ready for you to try.
 
Changes include:
 
Real-time Mode:
To allow arrows to draw only when both MACD and Probability line up
 
All TF Probability:
Displays Probabilities from all timeframes
 
User defined Probability Levels:
So that you're not restricted to using 20/-20 levels
 
E-mail Alerts:
Option to e-mail alerts
 
Here's a small manual on the parameter settings:
 

http://www.multiupload.com/D5F7YFDQ99
 
Here's the main indicator:
 

http://www.multiupload.com/LPZZS9PBLG
 
Note that to handle MTF probabilities, the indicator needs to call the most recent version of II_Prob_Hist which needs to be saved to your indicators directory too:
 

http://www.multiupload.com/UVVKSRMA9O
 
And Here's a screenshot of what the multiple timeframe probabilities looks like:
 
http://i52.tinypic.com/k9yr0g.jpg

Re: Developing S/R Expert : Highly Profitable : 99 % Accuracy
 
harsh124,
 
Some things are not quite right with your post which makes me think that you're someone looking for an EA to be developed for free so that you can market it as "Pip Exterminator" or whatever lol.
 
The first thing that hit me was that "your own custom indicator" contains decompiled code which is very strange if it's your own indicator. In fact it appears to be the same as the freely available NonLagAMA indicator to found here:
 

http://codebase.mql4.com/4968
"I personally know a guy who has converted $ 600 To $ 8,00,000 in 3 Months With a drawdown of 4 %."- Hmmm, now...where have I seen comments like this before?
 
If you know a guy who has done this, couldn't he tell you exactly how he did it and then you can put 3 months aside for some intensive manual trading and become a multi-millionaire yourself ?
 
It makes no sense to me that you need an EA with a system this powerful. Besides, if there is any discretionary element to trading this system, then creating an EA is not the thing to do.
 
I assume that because the system is so powerful, that you're already trading it in live and just need to free up your time. Can you provide us with live statement to back up your claims ?
 
Despite these reservations, the system looks like quite a good one and I'll check out the indicators in demo over the next few days.

magrech,
 
In the thread you'll find that psaini has already mentioned that he always has a stop level set in his mind rather than physically added to the trade - this is typically between 30 and 40 pips. This is only recommended for experienced and disciplined traders who will take out their trades which are going the wrong way immediately price gets into the "stop zone" they have in mind. Anyone without that discipline will be tempted to let the price "breathe" a bit more and before they know it they're staring at a substantial loss rather than a manageable one - I know I've been there lol.
 
Guys,
 
I've lumped together most of psaini's trades and screenshots and rules for trading his system and have placed them in a word doc. for ease of reference, it will also save psaini having to answer the same questions over and over:
 

http://www.multiupload.com/XP5FHJGWCG

Hi vitamin,
 

 
Thanks for the suggestion, though exactly how am I (or anyone else) expected to do this lol ?
 
Ichimuko cloud has a zillion different ways of being interpreted. As for MA's well, they can cross and uncross a zillion times too - which MAs are the best? SMA, EMA. WMA etc. never mind the periods which you can use, or the timeframes which we should be looking at which work best...
 
I could list thousands of indicators and say "try this" without justification. I'm looking for a lot more on this thread.
 
As I mentioned before, I'm looking for everyone to pull together and "do their bit" to help develop an astoundingly successful EA. Unfortunately as a lot will be disapppointed to find out, this will require a lot of work and a lot of research and thinking on everyone's part.
 
I started this thread going, not with the intention of everyone coming up and spending a few seconds of their time saying things like "why don't you add this", " change this to make it work for me" etc. But with the intention of waking everyone up to the fact that here we have an opportunity to do something different - and we all have to play our part.
 
We have a system which works when manually traded and has good foundations behind it which will stand the test of time. To convert this into a successful EA needs a lot of research, testing and thinking.
 
The funny thing is that if this thread takes off, it will cover many pages with test results, improvements etc. and those who sit back, do nothing and just download the most recent EA without contributing and expect to make a fortune are sure to be disapppointed lol.
 
It's the participation in a project like this which gives you the awareness of what this game is all about to you personally. Some EA enthusiasts may well discover patterns in price which they can easily trade with pending orders, make their fortune and may never run an EA again. Others may take what is discussed here openly and develop their own secret money making EA (never to be seen again in public lol), some will steal the ideas, fake a backtest and sell the EA for $97 a time :). What I'm hoping is that for a change is everyone can pull themselves out of their fear of "giving away secrets" (there are no secrets in this game, it's all in the mind), and also sheer laziness in expecting someone else to do all the work for you and work together. The people who don't contribute are missing out on the development and will miss out on the specific usage/settings/pairs/timeframes of the EA which are best to use for them personally. The whole project is a voyage of discovery for all involved and those who don't participate have "missed the boat" - and even though they may obtain the boat at the end of it, though they've missed the amazing scenery along the journey which is what gives the boat it's value ;)
 
It's your choice...I'm offering you what is essentially the closest to a "holy grail" system most of you will ever see. Are you going to say "Nah...this is too much hassle, I actually have to do some work on this..." and continue backtesting and losing money in live on rubbish EA's for the next 10 years ? Or, are you going to make that huge step and actually get involved in some serious trading systems development research and testing?

Hi Guys,
 
This EA is based on the manual system which is currently being enhanced, tested and traded in the thread:
 
http://indo-investasi.com/showthread.php/14520-Pip-Accumulator
 
I started a new thread for the EA, because I think it will be disruptive to the original thread to mix in EA discussions. So, please use this thread for anything related to the EA ;)
 
The EA is based on an earlier version of the II Pip Accumulator indicator (without multiple timeframe probabilities) and the code from the indicator has been replicated inside the EA.
 
Because the probability indicator which the EA uses operates over multiple timeframes, I don't think we can get accurate backtests, hence the EA will need to be forward tested.
 
The EA has various options, though I've not been able to test many of these (I'm sure that there will be plenty of bugs that need fixing if you start using options other than the current settings, so any keen EA developers, please feel free to amend whatever you like and repost it here). However, with the current default settings I'm getting excellent results running the EA on a 5m chart.
 
Please post your testing results and findings here, so that we can all work on creating a great "home grown" EA :)
 
Here's the most recent version of the EA and indicators (on 26th Sept 2011):
 

http://www.multiupload.com/FHMDLQVU7B
 
I also recommend that you read through the whole of the manual trading thread, so that you have the full background of where the EA development came from. Plus in the more recent posts you'll be able to download the most recent versions of the indicators II_Pip_Accumulator and II_Prob_Hist.
 
Here's a screen shot of what the indicators look like (I have these on the chart when running the EA, so that I can clearly see when and why the EA is making its decisions):
 
 
 
http://i54.tinypic.com/29sm6r.png
 
Here are the results from today running on EURUSD 5m with default settings:
 
 
 
http://i56.tinypic.com/14d2i42.jpg
http://i54.tinypic.com/ab2ddz.jpg (http://i54.tinypic.com/ab2ddz.jpg)

Hi conglo,
 
I was being a bit "cavalier" in my approach to deleting objects :)
 
This version should contain a fix for your problem - try it and see:
 

http://www.multiupload.com/TG28ABQNV5
 
This version also includes options for alerts...
 
Either set AlertArrow or AlertArrowProb to true to activate the alert.
 
AlertArrow will alert as soon as a new arrow is drawn regardless of probability.
AlertArrowProb will alert as soon as a probability is >20 or < -20 after an arrow is drawn.
 
As a general trading note, because this system is essentially momentum driven, then I'd expect signals to be best in the main UK and UK/US sessions.

Hermes,
 
The II_Pip_Accumulator indicator has various settings and some have to work in real-time. This is because it's impossible to look back at candles in multiple timeframes.
 
Consider a simple "All TF" probability made up of 5m and 15m signals which is displayed on your 5m chart. If we look back four 5m candles in history then this equates to looking back two 15m candles - however the historical data for the 15m candle doesn't allow us to determine price or indicators at a certain time point in the bar - ideally we'd need MT4 to read two 15m candles back but to then read the value of price and indicators 1/3 of the way into that 15m candle which isn't possible.
 
Hence, the upshot of this is that any of the entry signal parameters associated with probability (which works in MTF) will have to start drawing the boxes from the time you attach the indicator to the chart. The indicator II_Prob_Hist works in the same way too.
 
Here's the latest version of the II_Pip_Accumulator indicator which was posted in the manual trading thread recently (a lot of the background on these indicators can be found in that thread too):
 

http://www.multiupload.com/551RY7DL95
 
 
I've also updated the page 1 link with the most recent version of the EA (excluding hsafx's fix which I've not been able to test as yet) and all indicators.
 
For Arrow/Box determination there are 5 possible settings:
 
ArrowMACDx = Arrow/Box on MACD cross
ArrowMACD0 = Arrow/Box when MACD crosses 0 line
ArrowProb = Arrow when probability is > or < defined limits
ArrowMACDxProb = Arrow with MACD cross and probability > or < defined limits
ArrowMACD0Prob = Arrow with MACD cross of 0 and probability > or < defined limits
 
The last 3 work in real time - the first two will draw arrows and boxes in history because they only work from the MACD indicator in the timeframe on the chart which the indicator is
attached to.
 
Halcyonn,
 
Ok - it sounds as though the trailing stop code isn't as robust as it could be, however this EA development is supposed to be a joint venture between everyone here...A fresh pair of eyes is always a good idea - maybe someone has some time tested logic for trailing stops which can be used instead of what we currently have. Anyone is free to make whatever changes they think will improve the EA in any way ;)

Hi Scorpion,
 
Many thanks for your continued testing of the EA and reporting back the results :)
 
EAs are notoriously tricky to code to be consistently profitable (unless they're the type which stack trades and then at some point blow the whole account, or have targets which are tiny compared to stops with similar results ultimately).
 
I coded a new version of the EA, using mengiare's SuperTrend indicator in conjunction with probability and I've been trying that on 15m without too much success. The check for the MACD crossover arrows has been removed in this version because although they often provide a good "heads-up" signal for manual trading, the signals are too slow and incorrect in choppy markets.
 
I've made the point at which the entries are determined clear in the EA code, so if anyone wants to try different indicators with probability, it should be relatively simple to code.
 

http://www.multiupload.com/V1QM1ZR33D

Ok guys...
 
Here's a 100% accurate Probability histogram hot off the press.
 
Note: This is a real time indicator which builds up history as it runs, so when you first install the indicator the indicator panel will be blank. Also be aware that changing timeframes will re-initialise the indicator and wipe out the data, the same applies when you restart MT4 or change parameter settings. It's a pain, I know, but this is the only way to ensure that we record correct data from the multiple timeframes.
 
Here's the link for the indi:
 

http://www.multiupload.com/FVTZCMO5PU
 
If you leave the indicator running, the history will accumulate up to the number of bars specified in the parameter "LookBack" (defaulted to 1,000) and at that point should start overwriting itself (though I've not been able to test that yet).
 
You may also notice a parameter "MaxMin" - ignore that as it does nothing at the moment.
 
The indicator shows on the histogram maximum positive probabilities in light green and the probably at the closed candle in dark green. Negative probabilities are shown similarly in pink and red.
 
I've tested on the 1m chart (which has been very slow going in the Asian session) and some interesting patterns are forming. Try it out and see if you can spot some patterns which repeat regularly and lead to high probability setups :)
 
Here's a screenshot to show what it looks like:
 
http://i52.tinypic.com/14sowm.jpg

Marchello,
 
Thanks for the "thanks" - judging by the lack of response I can see that folks are pretending what I've said isn't true, doesn't apply to them etc. or they've not realised the significance of what I've just posted :)
 
Guys, I've spent years doing exactly the same as you, trying hosts of manual systems and finding that none of them work for me. I've also tested hundreds of EAs, I've built various EAs as tests based on what were said at the time to be hugely accurate manual systems and none of this stuff worked.
 
The first thing to realise about trading is that you need to shake off your "9 to 5" delusions about what a job is. Trading isn't a "job" for starters and should never be treated as one - always treat your trading as a business where the main costs are your losses and your profits come from your "edge" in the markets. Don't turn up at your screen at 9am or whenever and expect to earn a living by sitting there trading for the next 8 hours and taking an hour for lunch. Trading doesn't work like that!!!
 
My profitablity increased significantly as soon as I realised that the less time I spend staring at the screens, the better my trades were. I can wander around the house doing other things and check on the screens every now and then to see what's happening. If something good has just started - then I jump in. If something good looks about to start then I'll sit in front of the screens to see how things progress, if price goes nowhere I'll do something else, otherwise I'll be in on a trade, and I'll either set a stop and target and go and do something else, or if I think that the trade may turn back again quite quickly then I'll watch it and make sure I don't let a winner turn into a loser.
 
Trading like this gives you an ability to see the market at a glance, because everytime you wander past and see the screens, your view of the market is not based on any preconceptions at all - you're just looking at the screen and saying to yourself "is there a trade setting up for me right now, or one just around the corner?".
 
For me this worked best to ensure that I only took the best trades - others may have better self-discipline. However, I know a lot of consistently profitable traders too and they'll all tell you the same thing "ONLY TAKE THE VERY BEST SIGNALS".
 
Some "systems" may not give great signals and I don't use a "system" as such - and nor does anyone else I know who does well in the markets.
 
Instead what you need to accumulate over time is a "trader's toolbox" of techniques which you find have worked for you personally. For example, if you always trade the open of the next candle after a good spike high or spike low and have normally profited - then that's one of the methods you put into your toolbox. If this method has worked for you then obviously you've mastered the right size of spike or maybe you combine this with price being outside the Bollinger bands too, or outside certain moving averages, or divergence against the RSI or whatever - it doesn't matter.
 
All this stuff comes from putting in the screen time, looking at signals from price action (rather than following rigid "system" rules) and then finding what works for you more often than not, and putting that method into your "toolbox".
 
Trading is a profession and like any other profession, it takes time to learn. Trading is deceptively simple and catches most newbies out because the markets constantly "do our heads in" - the moves make no sense, technical indicators don't work all the time, fundamental indicators don't work all the time etc.
 
Nothing works all the time in trading - it's not an exact science, despite what some TA afficionados will have you believe (I'm thinking of the Eliott Wave gang here lol). What you need to do to become a good manual trader is to first spend a lot of time following the markets (this is the only time when it's acceptable to spend 8 hours in front of a screen - when you're learning and on demo...). When you've done this for long enough and tried making all sorts of ****** trades as "tests", you'll begin to realise, that instead of making 50 trades a day and ending up with a huge loss (normally caused by chasing earlier smaller losses), it's not too much trouble to just make 2 or 3 trades a day and end up with a huge profit - even if one of those trades was a loser.

Scalper72,
 
Stop and think for a minute - you say you've followed all the rules and systems still don't work, that's telling you something ;)...
 
There has been tons written on discipline in trading, the importance of following rules etc. - some writers even recommend trading like a robot lol. If it really were as simple as this to manually trade, then it would be simple to take a good performing manual system and create an EA from it and see consistent success, because an EA has absolute discipline, however I've yet to see this happen :)
 
I'm sure that plenty of other traders over the course of time have taken some of the systems you've tried and have made them successful - not by changing anything, though by applying the rules selectively based on their knowledge of the market.
 
The secret to attaining consistency is that we need to be selective in the trades we take and that's where the real discipline comes in. Sitting on our hands when signals appear which aren't quite perfect and only taking the very best and obvious signals. You can be still following the rules to get your entries and can follow rules on exits too as rules have generally been designed to help you get the best out of a system. With most pairs there are 2-3 good entries per day where if you enter at the right point, the ensuing move will zoom off taking you into profit immediately. Wait for these moves and ignore all the trash setups and you can become consistent.
 
We need to think about where price is in the larger scheme of things. You may have a stack of indicators all telling you this is perfect entry to go long, however if price has already blown through its average daily range to the upside - do you really think that's a high probability signal? Price sometimes does blow through its ADR and keeps going - however these times are very few and far between indeed - much more common is that price reaches its normal "mission profile" and then promptly turns back in the opposite direction.
 
Similarly, your system could be saying "enter here - everything is perfect"...but you check the news and see that big news is out in 10mins - do you really think that is a high probability signal? Nobody knows what effect news will have on the markets - it's just guesswork. Best to steer clear of such low probability opps.
 
Price has been consolidating and flat for a long time and then price finally breaks out short and gives you a sell signal and the candle is storming down - is this a high probabilty opportunity? It's more like a 50:50 gamble because, that candle could easily close as a spike leaving you in a losing position on the wrong side of the next big move (which will be long, after that false breakout).
 
There are various other reasons for not taking sub-optimal signals and you'll discover these the more time you spend in the market. Try to select only the very best signals and see how you get on...

Scalper72,
 

 
Why on earth are you giving up after running this thread for a few days lol ?
 
If you're really serious about trading and what you're trying to do in this this thread, you need to to take a long hard look at all the systems/methods of trading posted, then see how much they make sense to you. If any methods of trading appear to have an edge to you then investigate them in more depth - provide stats, rather than random charts and give others something to work from!
 
There are no easy solutions in this game, however I do believe that with the combined efforts of the experienced traders here that we can make a go of what you originally proposed.
 
You asked me for my charts and I provided them and indicators - and so did others. Were you expecting something different? - the "holy grail" perhaps where someone was using some great indicators which never fail? The key to consistency is here in this thread for those who can understand what's been written.
 
However, developing a "consistently performing" system which will apply to all trader's viewpoints is a totally different thing. The problem is that when you try to reduce the market to pure science and mechanics, you end up like hosts of failed EA developers who are continually thwarted by the vagiaries of the market.
 
Forget thinking in terms of mechanical systems. I think that the best way to approach developing a supreme trading method is to take on board what all others are using, then weed out the stuff which doesn't perform too well. Then you'll be left with a core method which will give clear signals for everyone. The next thing to do is establish when the core method signals are least likely to work and warn folks to stay out of the market as this time - e.g. don't go long when price is has been flat for a while and is now outside the top Bollinger Band, or don't go short when the market has been moving down all day and it's now the end of the UK session and price has already moved down more than its ADR (averqage daily range) etc.
 
Personally, I don't think that you have the "bottle" and persistence to be a consistently successful trader - and that's not meant to be a dig at you personally, though more of a nudge to move you in the right direction if you really want to take this forward further ;)

alright,
 
The beauty of 4H candle trading is that we can only check the charts every 4 hours because we can only get confirmed entries when a 4H candle closes.
 
It's up to you when you look for opportunities to trade. Waterskiguy checks all pairs in the morning in his timezone and he also checks them at night. Checking once a day would still highlight opportunities to trade, though not as many as checking twice.
 
The more pairs you scan through each day, the better your chance of finding a pair which is strongly trending and a good candidate for a trade. Because we're longer term trading we're not too concerned about spread, so we can trade some of the less popular pairs if they're trending nicely.
 
With FxPro I have 20 pairs in my market watch list from EURUSD to AUDCAD. Set up all these pairs on 4H charts and load the template. When checking pairs go through the market watch list methodically changing the timeframe to weekly first. If there's no obvious trend on the weekly, then move onto the next pair. If weekly is trending, then change the timefream to daily, and if daily isn't trending in the same direction as weekly then move on to the next pair. If both weekly and daily are trending nicely, then look at the 4h chart and see if there's an arrow with the trend and both RSI indicators are lined up.
 
It sounds a lot to check, though should take 20-30 mins max. and is worth the effort if we're looking at making good consistent pips each week :)

magrech,
 
In the thread you'll find that psaini has already mentioned that he always has a stop level set in his mind rather than physically added to the trade - this is typically between 30 and 40 pips. This is only recommended for experienced and disciplined traders who will take out their trades which are going the wrong way immediately price gets into the "stop zone" they have in mind. Anyone without that discipline will be tempted to let the price "breathe" a bit more and before they know it they're staring at a substantial loss rather than a manageable one - I know I've been there lol.
 
Guys,
 
I've lumped together most of psaini's trades and screenshots and rules for trading his system and have placed them in a word doc. for ease of reference, it will also save psaini having to answer the same questions over and over:
 

http://www.multiupload.com/XP5FHJGWCG

Guys,
 
I'm too busy with other stuff these days to spend much time on II, however I keep reading posts from folks saying things like "pip acumulator EA is rubbish...XXXX EA is much better" etc.
 
Jeez - will you guys ever learn lol.
 
I've pointed out several times that PIPA EA was meant to be a joint effort from II members to create a publicly available EA for the benefit of all which is based on a sound and profitable manual trading system.
 
There's been little sign of any real interest in developing an EA which will make profits for all, though there are far too many people who are locked into the "testing commercial systems" frame of mind rather than the " we could create something phenomenal" state of mind.
 
As I said at the start of the thread, I gave everyone a golden opportunity to help in developing an EA which would be something special. There have been lots of helpful suggestions along the way from non-programmers which is always appreciated, however it only takes a couple of minutes to write down your thoughts, whereas it can take several hours/days or even weeks to create program code which works in the way you want (and there don't seem to be any coders here who are interested :( ).
 
I think that my original experiment in truly joint collaboration has failed. I'm not really disappointed because I expected this to happen.
 
Feel free to kill off this thread totally and carry on talking about MDP or some other commercial EA lol.