axl
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Posts posted by axl
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all links dead does anyone have valid linkz
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Plotting Fib retracements
• The Fibonacci retracements are calculated by taking two extreme points
(usually a swing high and swing low) on the price movement and dividing the
vertical distance by the key Fibonacci ratios of
23.6%, 38.2%, 50%, 61.8% and100%.
• Once these levels are identified, horizontal lines are drawn and used to identify
possible support and resistance levels.
• The direction of the prior trend is likely to continue once the price has retraced
to any of the ratios.
Fib retracements – the 0.786 level Fib retracements – the 0.786 level
• Of all the ratios, the 0.786 level holds a lot of importance.
• This number is the square root of the “golden number” 0.618, and hence acts
as a very strong level of resistance / support.
• When we are looking at a change of trend, it is best to wait for price to break the
fib retracement of 0.786.
• This is the level, from where price has a very high probability of retracement.
• The 0.786 is thus known as the “reversal” fib level.
Use of the Fib retracements for Entry & Stop
• For price in an existing trend - when we are looking for a pullback to rejoin
the existing trend.
• In case of an uptrend, we plot the Fib retracement ratios on the previous
existing up trend.
• If the pullback is held within the Fib retracements, and if price does not break
the 0.786 level, then the indication is that price should resume the up move
again.
• So the break of the 23.6 level should be considered to be the entry, with the
stop below the 61.8 level.
• The assumption is that if price has broken the 23.6 level, then it has gathered
sufficient momentum to resume the move in the direction of the existing trend.
• Hence, the probability of price moving back down to the 61.8 level is quite
remote…….which becomes the correct technical level to place the stop.
Fib projections –
• The Fibonacci projections are used to determine the expected price targets,
once it has crossed the Fibonacci retracement levels.
• If we are anticipating price to begin an uptrend, we can use the last prominent
down wave to determine the expected upside targets.
• Thus we are projecting the price action forward, using the last prominent
moves.
Ideal situation to use in –
• For estimating the price targets after the pullback is completed. We project the
price action forward, estimating that it will reach the fib levels.
Plotting Fib projections – Plotting Fib projections –
• The Fibonacci projection is calculated by taking two extreme points (usually a
swing high and swing low) on the price movement and adding the key
Fibonacci ratios of 1.272%, 1.618%, 2.000% & 261.8%.
• Once price has crossed the levels of the swing high or swing low, the above
mentioned projection levels identify possible support and resistance levels.
• Of all the ratios, the 1.272% & 1.618% levels hold a lot of importance, since they
usually act as very strong levels of resistance / support.
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@hankt80...what level of the RSI are you buying/selling at..??
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thanks stonecold69...i will look into this
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Hi can anyone help me....I'm looking for an EA that manages trades
Example:
I have 5 trades open in MT4 with 5 different order numbers.
The market is moving fast and I need to close/modify (change SL to TP "on the fly") off 3 of those orders without closing all 5 trades ( i need to leave the other 2 trades running in profit/loss, doesn't really matter)
I know there are scripts that can kill trades, but they kill all open orders..i have those.
I don't want an EA that does partial closes, i need on that closes specific Order tickets.
The only way i can do this in a Live market at this moment is having 2 MT4 terminals open at once and having 2 tickets ready to Execute.
So basically I can do 2 tickets with my current setup.
What I am looking for is an application or an EA that loads up another window with all positions running so i can literally execute any of the trades as I want without having to click on a ticket, load it and modify/close..etc etc....
CAN Anyone HELP....
Thanks looking forward to someone helping me
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hi new update..i am considering adding this indi.....
gann_hilo_activator_arrow to add to or replace the SHI signal arrow.....as it has better signals..please test and see
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hi guys seems its a method based around 34EMA..i use myself us a 34SMA to trade 5tf...i take trade Longs after 1 candles close above the 34MA
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@ spriggan..hi as advised i use for 1hr tf and 4hr..any after this and unfortunately my patient wears thin....not usre what you are trying to sya..to clarify you have a daily chart and you draw trendline..as you drop the chart... to 1hr the trendline disappears??..is that right??
i use the cog abha as zones...i think they are fixed to specific time frames...my self i do not use this chart to trade off..i use it for analysis of market TREND so i can go to lower time frame for trade in the direction of the trades..my account size is too small for me to have the patience to trade LIVE the bigger tf..so for now i use for trend
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hi this system works very well on 1hr tf that's what i use it on..
Trading is not about just the chart but many other factors....if you think you can trade JUST OFF a chart you are just 1 step away from EA trading....
ie..NOT trading..you will never become a REAL trader in this manner...
IT is best to trade in the direction of the COGS and the SHI channnel...WE ALL (including myself) always want to take every trade the system throws up esp when we backtest/forward test to see the opportunity to be had.
SAFE trading is in the DIRECTION of the TREND
re: "thanks but can we have some explanation on charts if u dont mind ".......sorry i am not sure how to upload those..just wait til mkt opens and give it some REAL screen time and sit back and see what the candles are actually doing and how they react to to the zones the indicator has..as i said before just stick it on a 5tf to see reaction..REMEMBER there is gonna be a lot more fake moves
RE: "All those indi useless,to my mind,heavy repainted. ".........this is a classic answer given by the one who is searching for a holy grail... all indis are lagging or repainters!!!! if you spend all your time on forums and just demoing systems..you will never trade....
TRADING is not just a blind automated or semi-automated thing..IT IS an art and the artist must learn to draw not look at other artists drawings
if there is something you dont like, change it..nothing is set in concrete..if it were why do u think so many systems exist??
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hi..quite easy to explain...look at
shi channels..this is the anticipated trend direction..the solid green lines
the COG bands also show anticipated trend direction
the solid pink and blues lines are like the extreme zones
tma bands are good to take trades from
the arrows give good long short signals
mbfx time show goo o/b o/s conditions
......combine together for trades!!!
put on a 5tf to watch how all indis react...BUT DO NOT TRADE AT THIS TF!!!
this is best way to give it screen time..then once you have seen how price reacts to these indis
put it back on a 1hr tf and take the slow safe train.....
hope that helps
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1hr tf and 4hr..put it on a chart and see...it has COGS ..SHI and TMA really show where the TREND is...u can take it down to 15tf for entries missed on 1hr tf...BUT ONLY trade in the direction the the 1HR SHI channel
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hi i just got the files for original and v3...seem like screenshots that are here in the post relate to version one...am i right??..and can i ASK iqofgenius
do you trade the version one but have updated the settings as advised for the 1hr tf??
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hello peeps..this is my own combo of COGS..TMA and SHI channel
TF: 1hr is best but 4hrs for the patient
system is here no passwords required
- indo37, cazador, yogesheena and 8 others
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have you tried using the SHI indicator
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hi does anyone has this or tell what the indis are??
hxxp://www.tradedailyfx.c0m/
they look like
top ones i know the gold is a EMA
the dot is a price ribbon indicstor
and the other is the multi TF of some kind
bottom ones look like
MTF heiken ashi (the blocks)
VQ indi on 4hr chart
PRS indi from Interbank
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A pic to see what it looks like
hxxp://www.m3diafire.c0m/?3ntdy2mt3236kc9
Oops i forgot to say if you do use it say on a 15tf for entries whilst using the 1hr for TREND make sure you go in the settings of supdem indi and change it to 15
as it will give a better o/s o/b or if say you are using 2 lots to maybe close 1 lot off and bring the other to entry and letting it ride until it is exhausted at for example the 3 semaphore or the top of the COG bands on the 1hr tf
This is my way of saying thanks to all other who post of good forum like this and help to make life easier...i didn't program this but is kinda one of the ways i use MT4 to interpret the market using bigger time frames
You are welcome to tweak is and scrutinze it...give me some feedback...and a "thanks"
- peterpiak, thaomoua and yogesheena
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another download link
hxxp://www.4shared.c0m/rar/zSDjAsTp/1hrtf.html
Guys n gyals...K.I.S.S. put indis and template in the correct folders
Time frame: 1hr tf
to go LONG
1: trendalt_alert crosses 0.00 and goes blue Long
2: Make sue COG bands are curving upwards
3: Make sure SHI channel is also in upward direction
4: Candles are below mid-line of TMA band
5: Candle may have touched and created a semaphore 2 but a 3 is definitely better (EVEYONE always goes on about this one is a repainter)
6: _barclose is blue
7: supdem box has appeared
I use all the above to determine my Long.....no indi is perfect so a combo just makes it better
You may have a better indi that you may favour ..if so there is no harm in takin gone or 2 out and changing for one you may like
remember this is MY METHOD and how i trade..every single one of you will find another way to trade as we are all indivdual HUMAN beings!!
EVEN if i go into it in depth how i trade it many of you will query it..it is HUMAN nature we all see in may ways ..NO ONE WAY is the right way
Its not a bad thing this is how we come up with our own trading styles
My self on a 1hr tf would be very hapy with getting 20-30pips out of a trade as in LONDON and US session i can get 60 net PIPs form 2-3 opportunities
with correct money management. Once 60 is made I am out!!! never stay too long in the market (this is also part of my trading othere may differ)
the world is big place go and enjoy it..the whole reason why i am sure we all trade or want to know how to is because
we do not want to be a NUMBER stuck in the rat race we do trading to get a better life
Good Luck
- peterpiak, thaomoua and ⭐ Tradeselect
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hi dirty dan is this the one from WWI ? as the creator/programmer came of the forum and said the decompiled one on the site had a lot of code missing
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does anyone have the elliott wave e-book that this site has can anyone upload it?
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does anyone have the elliott wave e-book that this site has can anyone upload it?
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does anyone have the elliott wave e-book that this site has can anyone upload it?
(REQ) ZAYLA Forex
in MetaTrader Indicators Request
Posted
www.zaylaforex.com/wp-content/uploads/2013/09/ZAYLA-FOREX.rar
works fine