currency_tunes

pls share.......

please share.

Hello iwjw

Thanks for coding the EA. I am still interested in the EA. Am sorry for not replying to my request for long as I had been very busy with some family affairs. Now am back to trading. Would appreciate if you can share the EA again.

 

~Thanks in advance :)

Bumping up my request.

no help on this one?

bumping my request

Hello friends,

Following strategy has been working fine and now I am looking to get it programmed as EA.

Being a person with no knowledge of programming, I would be really grateful if someone could code the strategy for me. I can even pay reasonably if you want, to get my strategy coded and backtested.

 

Here it gies:

 

TIME FRAME: 15 MIN

CURRENCY PAIR: ANY

INDICATORS: BOLLINGER BAND, 200 SMA

Below 200 SMA, we only short.

Above 200 SMA, we only go long.

Entry condition: Pin Bar formation the high of which exceed the bollinger band extreme.

Definition of Pinbar: ABS(OPEN-CLOSE) <= (Bar length/5); Also, both open and close ar below the mid for bearish case and above the mid for bullish case.

Enter short on break of low of bearish pin bar and vice-versa.

 

We have to check which of the two cases are more profitable:

 

Enter 1 lot only and trail it with the stop loss equal to length of the pin bar.

 

Or,

Enter 2 lots. We take profit of 1 lot at equal to the stop loss and let the 2nd lot run with trailing stop equal to the length of pin bar.

 

Thats it. It should be relatively easy to code.

Looking forward for someone to help code this EA and further improve it.

 

MANY THANKS IN ADVANCE!!

any luck with anyone?

This system is based on ichimoku. Has anyone tried the system? Would be glad if anyone could share this. Here is the link: http://www[dot]bluebl@detrader[dot]com

 

Replace @ with a.

Yes. We can calculate S&P Power levels too.

OK. The website is again showing power levels. Will paste the power levels in forum, if people can't access it.

Yes, the website is not displaying the levels. May be some technical issue. I calculate the power levels myself. If you people want, I can paste the power levels for EURUSD everyday in the forum aroung 4-5 AM GMT.

Friends.

I have another question. When do we change the expiration month (for example, shift from SEP expiry to DEC expiry) for calculating power levels?

Also, for crude, which month do we use to calculate power levels. (I notice, it has expiries every month).

Would be of great help to me, if someone could clarify this.

Point taken Marchello.

Just that am awefully short of time these days.. with a new baby arrival...

So, I just type the levels quickly and once can see the price action on your chart if you chk that levels. For example, yesterday, there was a great short EURUSD trade from 4520-4530 level. I trailed my trade with a 5 EMA as stop (on 15 min TF) and took profit finally at 4430 (next power level). 4430 didn't hold and broke. I shorted again on retracement to 4425 (Pivot level just below 4430). And took profit at 4390 (after it bounced from 4385.. 4380 being anotehr power level).

 

Will start marking levels on chart and post.. may be in a week or so..

Anyone with the following course:

 

http://forexstrategiesbinaryoptions.com/

 

Its worth 37 USD.

 

Author claims less than 5% losses.

Again, rewarded with quick 15 dollars (0.1 lot) in early morning EURUSD long off 1.4466 support.

Indeed, the levels are too accurate.

So, power level = call strike + settlement + fx swap

or, power level = put strike - settlement + fx swap

 

From, where do you get the FX swap level to adjust everyday ?

Thanks for the explanation friend. So, the power levels are first calculated for futures and then adjusted by the FX Swap points to get the spot FX Levels.. yeah?

Friends, I need your help. I have gone through the whole of thread many times. I have clearly understood the calculation of power levels and also trading them successfully (except yesterday, when pre-jackson hole market was screwed up).

But I still do not understand why the levels work. I tried to fit the caculation on USDINR data (using furtures and options data form exchange) and it worke don USDINR as well.

But someone please explain me why the levels work? What is the fundamentak behind them?

Hi Power Level Traders,

 

Would love to hear how other people are trading these levels. For me, the levels have been extremely successful (touchwood). Yesterday was phenomenal. I managed to squeeze out 150 pips on EURUSD trading. On most days, getting 20-30 pips is normal. As I stated earlier, am just using candlesticks and stochs.

I have one question. I have understood the calculation for the power levels.

A PL = Call Option Strike + Yesterday's Settlement pr Put Option Strike - Yesterday's Settlement. The levels we get are EURUSD September Futures levels. Then why should they work so finely on EURUSD spot market.

Someone, please help me understand this. Once I understand why power levels work, I wil be able to gain more confidence on my trading and hopefully, more profits.

 

~Thanks a lot.

C0py, you must add a donate button for the forum members.

Power levels working liek a charm for me. Yesterday, short off 1.4516 on eur was big. Got out just ahead of 1.4419 power level. And today, trading 4380-4420 range successfully.

Would be interested how are other forum members trading these levels. Am mainly using candlesticks.

I have been trading on and off with power levels. Today i got 2 winners and 1 small loser with them on eurusd. The long trade from 1.4328-14335 power levels was huge. I am trading these levels mainly in conjuction with candlestick patterns and oversold/overbought on stochs. And am using 5 min time frame for finer entries.

Thanks for the suggestion friend. Will look at the course by Russel Sands.

 

most of the turtles consider Covel to be a scammer ..... trying to cash in on the turtle story ....... take care

 

you're much better of getting the Russel Sands turtle trading course ..... russel sands was one of the original turtles trained by Richard Dennis himself .... and a very successful one, he still trades and manages money, besides you can get the course here at the forum ... its a good course, i've seen it ... only thing is you cant apply it to anything less than dailies .... (Russel explains why in the course) ..... so if you're trading full time for a living you'd need a large account.

Thanks a lot C0py. You have done a lot of hard work. I have also registered in your website. Seems it doesn't accept an underscore in username. So instead of registering as currency_tunes, I have registered as currencytunes.

Keep up the good work. And wish you great success in your commercial endeavor.