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jdsim1

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Posts posted by jdsim1

  3. 4x Rider Indicator System

    in Trading Systems and Strategies

    Posted

    Works for me. Make sure set timeframe H1. It hangs a bit when swapping timeframes.

     

    Cheers,

    Chrisall

     

    its probably working for you because you have 4xRider STRONG-TREND Signal v2 indi in your indicators folder. I tried to load it and it caused my mt4 to hang and i had to restart. Then I looked at the code and it wont work without that. Please include that in the rar file and upload if you do have it

  5. (REQ) unstoppableforexprofit Indicator

    in MetaTrader Indicators Request

    Posted

    Congrats 4 the profit, Your 126 pips profit is just bcos of the Very imp. Euro news, would u dare to trade on live a/c during very imp. news like Euro Minimum Bid Rate followed by ECB Press conference, it was this news bocs of which euro initially shot up like a rocket and then when press conference started it came down like a shooting star.

     

    Just my 2 cents.

     

    yes i did trade it on a live account, and yes i do trade news releases on a live account. i dont avoid it but i am more cautious when i trade during those times. I think being unaware of releases/events is more detrimental than being aware and trying to profit from it.

  16. (Req) Awesome Oscillator Divergence Generation III

    in MetaTrader Indicators Request

    Posted · Edited by jdsim1

    What's amazing is everyone of their indicators seems tradable on it's own. Has anyone taken the trial on any of the others they offer? I wonder if they allow a trial on more than one?

    http://iticsoftware.com/image/data/vpt-div3a.gif

     

    they do offer trials on more than one at a time

     

    heres a good one from them Ive been using...appears to be a fully functioning non-demo

    hxxp://www.2shared.c0m/file/dN8Ge6YG/i-STO-DIV-SIG.html

  18. paint bar forex

    in Trading Systems & Strategies Request

    Posted · Edited by jdsim1

    OK guys...if you ever see an indicator that picks top and bottoms every time then it REPAINTS. Do not expect to find one because its a fantasy.

     

    Scalper dots show up 3 bars late. Once they are painted then they stay. The author sais he uses them to visually spot highs and lows easier ,they can be used to draw trendlines, and he uses them for stop loss and trailing stop points. They do not appear to be used as an entry system by themselves.

     

    Here is indicator with "loading algorithms...." fixed. This doesnt actually reference or do anything in the code. I think the author put it there to make it look like its really sophisticated.

     

    hxxp://www.2shared.c0m/file/eilI9xd_/PBF_2EMA_Color.html

  20. paint bar forex

    in Trading Systems & Strategies Request

    Posted

    No, those are replaced with the specific variables that are called

     

    And I'll save you more time: http://www.multiupload.com/H7E8IFDQTY

     

    I included the function definitions and the mq4's so you can compare them to the uneducated ones that were posted

     

    To use it, run the setup program to install everything then copy the ex4 files to the /experts/indicators directory

     

    Fire up MT, load a chart and apply the pbf template

     

    fantastic - thank you

    i had trouble with the installer actually installing the files. After I manually moved the files to the indicators folder it booted up like a champ. A million thanks

  21. paint bar forex

    in Trading Systems & Strategies Request

    Posted · Edited by jdsim1

    Basically you imitate their registration server so that the indicators will work. Last night I figure out what the hidden functions in the dll do so we don't even need that any more. I need to leave for vacation so if someone wants to replace the functions in the decompiled versions it will all work. Here are the functions and what they do.

     

    int Func1(double a0, double a1); a0 > a1

    double Func2(double a0, double a1); a0 - a1

    double Func3(); 2

    double Func4(); 0.5

    double Func5(double a0); sqrt (a0)

    double Func6(); 7

    double Func7(); 8

    int Func9(double a0, double a1); a0 < a1

    double Func10(double a0, double a1); a0 * a1

     

    good work...saved me some time. I will work on this today.

    Question..the dll still has to be called to obtain values of a0 and a1 correct? a0 and a1 are not defined within coding of mq4

  24. [email protected]

    in MetaTrader Indicators

    Posted

    My recommendation:

     

    I would recommend setting your risk at 2% per trade, Risk:Reward = 1:1, and use the nearest relevant high or low to calculate your SL, TP would be set at equal distance from entry point to SL.

     

    You will know before the green signal line is broken where your SL and TP are, so you will know what you are risking before you enter into the trade.

     

    *****

     

    I use stop orders for the entry setups, it saves me precious time from having to be glued to my screens, win ratio is approximately 70-80% accurate with this plan.

     

    I trade it across multiple pairs on M15 + M30 time frames, but I never enter into more than one trade at a time, which means, if I am in a EURUSD trade and a setup comes about on GBPUSD, I will wait for the completion of my active trade before I risk any more money.

     

    *****

     

    The suggestions for SL and TP from the indicator are fine for the beginning trader, however, the R:R ratio does not work for me. I will not trade anything that has a Risk:Reward ratio of less than 1:1.

     

    *****

     

    My trading plan:

     

    I personally prefer using the Risk:Reward ratio setups @ 1:3, use the nearest relevant high or low to calculate my SL, TP would be set @ 3x distance from entry point to SL.

     

    I am used to trading 1:3 setups. I am comfortable with these setups, as the mathematics in play require my winning ratio to be at a mere 25% to break even, WR @ 26%+ and I am in the clear zone.

     

    Example of R:R = 1:3, based on a total of 10 trades:

     

    25% Winning Ratio

    Losers = 7.5 trades x 1R = -7.5R

    Winners = 2.5 trades x 3R = +7.5R

    BREAK EVEN

     

    30% Winning Ratio

    Losers = 7 trades x 1R = -7R

    Winners = 3 trades x 3R = +9R

    +2R IN PROFIT, if 1R = 2%, then 2R = 4% PROFIT

     

    40% Winning Ratio

    Losers = 6 trades x 1R = -6R

    Winners = 4 trades x 3R = +12R

    +6R IN PROFIT, if 1R = 2%, then 6R = 12% PROFIT

     

    50% Winning Ratio

    Losers = 5 trades x 1R = -5R

    Winners = 5 trades x 3R = +15R

    +10R IN PROFIT, if 1R = 2%, then 10R = 20% PROFIT

     

     

    Craven has provided a lesson in risk reward and I think this is lesson number 1 to be learned by all traders who wish to become successful. Great explanation and it deserves much more thanks than it has received thus far.

     

    Risking 90 to gain 10 as in these scalper eas and most eas for that matter is absolutely absurd. Id rather try and be right 26% of the time instead of 92%

     

    I have been an opponent of this indicator due to its very poor R:R in its calculations. That being said my interest has been renewed now knowing there has been some success using different SL and TP levels than using the ones the indicator is giving out. Craven, are you using the pullback/rally highs and lows as your stop loss? Just above/below them would be my guess. Then you are just multiplying that by the factor you wish to achieve and set your target? It sounds like you are basically using the entry line but ignoring the tp and sl values. Just looking for clarification. thanks

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