clovelly

TRADE WITH THE TREND :: ANY MARKET, ANY TIME frame

By Jaime Johnson, Chief Technical Strategist

The big money is made with trend trades. Learn how to identify the specific targets for the end of just about any type of correction and you will be prepared to enter a trade in the trend direction.

Our new three CD Art of Trading A Correction series will give you step-by-step instructions how to identify in advance the time and price targets for the end of corrections and specific trade strategies for low risk trades.

In the Art of Trading A Correction, you will learn:

* How to master ABC corrections

* How to identify in advance the price targets to complete the correction.

* How to master complex corrections for trend trading.

* How to master multiple time frame trade setups.

* Specific entry and stop strategies.

* How multiple unit trade strategies should up you net profitability.

* And a whole lot more

Three hours of Step-by-Step and Bar-By-Bar instruction for any market and any time frame!

The Complete Art of Trading the Correction 3-CD series costs only $150.

This is an educational steal, deal to learn all about time and price targets for simple and

complex corrections, multiple time frame and multiple unit trade strategies and more.

Three CD Art of Trading A Correction Course Description

Part 1: Mastering ABC Corrections

ABC corrections are the most common type of correction in all markets and all time frames. Learn to identify when an ABC correction is at a reversal, and you will be able to enter a trade in the direction of the major trend. In this tutorial, you will learn how to identify if a market is in a trend and counter trend and how to identify in advance the specific price and time targets for the end of ABC corrections. You will also learn specific entry and stop strategies for ABC corrections for any market and any time frame from day trading to position trading. You will use these strategies every day for every market you trade.

Part 2: Mastering Multiple Time frames and Multiple Unit Trade Strategies

This is a powerful tutorial to teach you how to increase the odds for each trade to be profitable with multiple time frame and multiple unit trade strategies. No matter how well positioned is your trade, you will only maximize your trade results with these trade strategies. In this tutorial, you will learn how to identify the trend direction of the higher degree time frame and execute trades on the lower time frame to reduce the capital exposure of every trade. You will also learn our multiple unit trade strategies which should help increase your net profitability over time. Multiple time frame and multiple unit trade strategies are very power techniques for trading any market and any time frame.

Part 3: Mastering Complex Corrections

Markets do not always unfold in ideal ABC corrections. In this tutorial, you will learn how to successfully identify and trade other types of corrections, such as non-typical, three-swing corrections and complex corrections. Don't miss out on these opportunities to identify almost any type of correction and be positioned for the major trend.

Study this complete Art of Trading the Correction tutorial series and you will be prepared trade almost any type of correction with logical trade strategies in any market and in any time frame.

http://www.dynamictraders.com/education/the-art-of-trading-a-correction.html

Download:

http://h0tfile.c0m/dl/65493754/500bc2a/The.Art.of.Trading.A.Correction.part1.rar.html
http://h0tfile.c0m/dl/65492771/982cddb/The.Art.of.Trading.A.Correction.part2.rar.html
http://h0tfile.c0m/dl/65492920/a2360ec/The.Art.of.Trading.A.Correction.part3.rar.html

Some posts by the user :-

http://www.myfxbook.com/posts-by-user/22311,1

i am a programmer and have some projects that maybe interesting to discuss but now we need some funds to fund the the project.

With that success rate, wonder why he needs extra fund? :)

In fact, the 9th yielded huge profit... take a look!

Hmm, all the last 10 red arrows on the 9th belonged to 1 buy trade series, probably giving 15 pips when they closed the next day. A profit, yes, but huge profit, no.

Just be careful when using this system: some indis repaint:

1. Cynthia's_Signal_Hot_Dots_v2_2 for the exhaust points

2. Cynthia's_i_Trend (superimposed on the window with RSI(14) which gives it the 60 line for the breakout confirmation): its values are very small (in 0.00xx), hence the passing of the 60 mark is deceiving and repainting. It always looks better with full chart in the past, but can cause problems when you trade live.

All the indis in this system are clones from existing free indis (you can guess what they are :) ), but that is probably besides the point. The seller has the credit of combining them into a package good enough for sales. Whether they are good enough for live trading, you have to judge yourself.

How do you do a dependency trace?

 

Thanks,

conglo

From this site

http://www.dependencywalker.com/

@clovelly, that's weird. i dont have any issues with "trade" calls

Using the Dependency trace, I think the forexcashbotultimo.dll requires the following DLL

MSVCR90.DLL

MSVCM90.DLL

EFSADU.DLL

MOBSYNC.DLL

MSJAVA.DLL

which my PC does not have. My problem then, thanks :)

here you go guys

 

http://www.4shared.com/file/sc9-bkqA/forexcashbotultimo_edu.html

 

happy PIPing

Have you tested this edu version yet? My testing shows that the calls to DLL ("trade") still causes error. This is probably caused by incorrect initialisation due to the removal of the first "authenticate" DLL call.

There are areas where the lines are not changing colors. :-/

 

It's not 100% accurate, but I think it will do the job! :)

Yes, if you use the default settings (with DoubleWidth beyond 20/80) then the display sometimes looks a bit funny (due to the transition between single-width and double-width), even though the values are still correct (via index 0 if you use iCustom function inside your MQ4). However, the indi looks normal and smoother if you turn off the DoubleWidth.

craven,

I just uploaded into this

http://www.multiupload.com/C2SMIDWVCJ

craven,

here it is

http://zalil.ru/29895248

What is the NVO indicator? Is there a version for MT4? if so kindly share here.

 

Many thanks

here

http://codebase.mql4.com/source/9250

Let me explain by illustrating example. You'll see why you want hedging while martingale the losing side.

When you hedge on same pair, it doesn't use margin. So, why not hedge and make extra money? It's free money. If you are Grid/Martingale anyway, adding hedging part of it only helps and never hurts.

I understand about hedging but my question was not about hedging itself, but about why you hedge at THE SAME TIME with selling 0.02, then 0.04, 0.08 etc. Because by doing that, you effectively sell 0.01, then 0.03, then 0.07 lots, etc.

I did not claim that the scheme #2 is better or worse than your original one, as they are equivalent (except for the difference of spreads). You mentioned that "This would work fine and make good profit. but, this example is bit higher than 2x martingale. next level will be 0.15 and 0.32.. increasing the lots too rapidly.", but these trades are actually the same as in the original scheme, which sells 0.02, then 0.04, then 0.08, etc with buying 0.01 lots each time. So effectively, with the original scheme

buy 0.01 & sell 0.02 (== sell 0.01)

buy 0.01 & sell 0.04 (== sell 0.03)

buy 0.01 & sell 0.08 (== sell 0.07)

the scheme #2 is on the RHS of the equations :) .

Would you agree?

Thank you fx4_ever for sharing your EA. From the backtest result, I noted that the EA will trade the grid in the following scheme (assuming the price action is suitable for a selling cycle):

Original Scheme

1. buy 0.01 lot, sell 0.02 lot

2. if price goes higher to next grid point, buy 0.01 & sell 0.04 (assuming martingale factor 2)

3. if price goes higher to next grid point, buy 0.01 & sell 0.08, etc.

All the trades will be closed at the same time for a profit or a loss.

Is that different from the following scheme #2:

1. sell 0.01 lot

2. if price goes higher to next grid point, sell 0.03

3. if price goes higher to next grid point, sell 0.07, etc.

except that the original scheme will lose more due to spreads?

In other words, why do you opt for this trading strategy, rather than a 'standard' martingale one?

It shows : "invalid time" during GMT 21-22 which are the actual trading times, and I suppose that's why it doesn't trade. Any suggestions to solve this issue, please....

 

Metin

The EA only trades from 21:00 to 21:45 GMT. What time was the message "invalid time" issued, and what is your GMT setting?

To Clovelly: Could you add ECN Compatible function on your modified version above? I can not make it work on ECN Broker.

 

+ One more thing, does the modified version (correct GMT offset) needs the previous CFB indicator that Eggzactly posted in first post to work with? Do we also need to correct anything about GMT Offset in the CFB Indicator ?

Both the original version from eggzactly and my modified one are already ECN-compatible and need the cfb indi. Like I mentioned in my original post, I only fixed the GMToffset auto-calculation and spread display on the screen.

The EA, with the default parameters, trades between 22:00-22:45 GMT and requires max spread of 5.1. To You may want to expand the time window and/or increase the maxspread, and you will see the trades opened. Of course, this approach is only used to confirm (to yourself) that the EA can work with your broker. And the cfb indi has nothing to do with GMToffset.

As you also know, only ECN Brokers may offer low and fixed spreads on Eurgbp and Usdcad during quiet Asian session.

Not so, to my understanding. Check out at hxxp://f0rum.mql4.c0m/31514

Thank you eggzactly for sharing the code. There are a few minor errors in the mq4, regarding the GMToffset calculation and the spread display, which are fixed now. The system backtested ok on GoMarkets. I did not have the right time window to forward test it, but I think it should be ok.

http://[email protected]/?6m2sl6487qjowo2

The basic I idea of the ATR is to prevent the EA entering trading if no open orders are active. This is simply ruled by the basic of the cable run strategy, which requires to open trades going into a drawdown.

To avoid confusion for the newbies, you should rephrase the above :). How can you have the scenario of "if no open orders are active" as "open orders" by definition are active. Also, "the basic of the cable run strategy, which requires to open trades going into a drawdown" is not entirely correct, as CR can happily take profit for any trade that goes the right way by the MinProfit.

The purpose of using ATR is NOT to start a NEW trade basket if the volatility is not right (ATR not in certain ranges for the last few bars). If the basket has already been started and active (ie there are active trades) then the EA has no choice but continuing with it, hopefully to get the minimum profit (or if market goes from bad to worse, a drawdown or Stoploss)

Best way to resole this issue for people who want to use the Dukasdata but have no technical expertise to do it would be for someone who already did it to save the .hst data files (in an archive and post the link) for all the important pairs and then for the original .hst files to be written over. I've tried this on multiple machine I am performing backtests and it worked great without having to repeat the importing process for every machine.

 

Cheers

This is good idea as the process to download & process Dukasdata is very time consuming. The final data per pair is very large, so maybe if some torrents can be used for this process? Then whoever already downloads the data can leave their PCs ON to share the load.

No dll needed. Strange. When I played with the EA it didnt error that i needed one.

That DLL is only required when EuroBooster option is set to TRUE in the setting. So, please post the DLL as well, thanks.

would you mind sharing the educated version please?

It is no use to educate it to allow backtesting until the authentication can be bypassed.

I guess it is impossible to back test in MT4 since it is a multiple currency trader. Will test on demo...

After the authentication is bypassed, the EA can be backtested on either GBPUSD or GBPJPY by changing one of these values to FALSE, and recompile.

bool gi_212 = TRUE; // this is to trade GBPUSD

...

bool gi_220 = TRUE; // this is to trade GBPJPY