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jtimpson

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Posts posted by jtimpson

  2. best indicator

    in MetaTrader Indicators

    Posted

    Re: best indicator

     

    Here's a download for the heiken ashi smoothed.

     

     

    I really like this Heiken Ashi Smoothed indicator, however it sometimes interferes with seeing the price bars. Is there a mq4 version of this indicator that is placed in a subwindow below the chart (You can tell when trend switches by color change)? Would really appreciate if someone could post a download for this same indicator but with it placed in a window below the chart. Thanks. :)>-

  10. MTF MACD

    in MetaTrader Indicators Request

    Posted

    Re: (Req) MTF MACD

     

    try :

     

     

    #property indicator_separate_window

    #property indicator_buffers 2

    #property indicator_color1 Silver

    #property indicator_color2 Red

     

    //---- input parameters

     

    extern int TimeFrame=0;

    extern int FastEMA=12;

    extern int SlowEMA=26;

    extern int SignalSMA=9;

    extern int applied_price=0;

     

     

    double ExtMapBuffer1[];

    double ExtMapBuffer2[];

    //+------------------------------------------------------------------+

    //| Custom indicator initialization function |

    //+------------------------------------------------------------------+

    int init()

    {

     

    //---- indicator line

    SetIndexStyle(0,DRAW_HISTOGRAM);

    SetIndexDrawBegin(1,SignalSMA);

    IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS)+1);

     

    SetIndexBuffer(0,ExtMapBuffer1);

    SetIndexBuffer(1,ExtMapBuffer2);

    //---- name for DataWindow and indicator subwindow label

    switch(TimeFrame)

    {

    case 1 : string TimeFrameStr="Period_M1"; break;

    case 5 : TimeFrameStr="Period_M5"; break;

    case 15 : TimeFrameStr="Period_M15"; break;

    case 30 : TimeFrameStr="Period_M30"; break;

    case 60 : TimeFrameStr="Period_H1"; break;

    case 240 : TimeFrameStr="Period_H4"; break;

    case 1440 : TimeFrameStr="Period_D1"; break;

    case 10080 : TimeFrameStr="Period_W1"; break;

    case 43200 : TimeFrameStr="Period_MN1"; break;

    default : TimeFrameStr="Current Timeframe";

    }

    IndicatorShortName("MTF_MACD("+FastEMA+","+SlowEMA+","+SignalSMA+") ("+TimeFrameStr+")");

     

    }

    //----

    return(0);

     

    //+------------------------------------------------------------------+

    //| MTF MACD |

    //+------------------------------------------------------------------+

    int start()

    {

    datetime TimeArray[];

    int i,limit,y=0,counted_bars=IndicatorCounted();

     

    // Plot defined time frame on to current time frame

    ArrayCopySeries(TimeArray,MODE_TIME,Symbol(),TimeFrame);

     

    limit=Bars-counted_bars;

    for(i=0,y=0;i<limit;i++)

    {

    if (Time<TimeArray[y]) y++;

     

    ExtMapBuffer1=iMACD(NULL,TimeFrame,FastEMA,SlowEMA,SignalSMA,applied_price,0,y);

    ExtMapBuffer2=iMACD(NULL,TimeFrame,FastEMA,SlowEMA,SignalSMA,applied_price,1,y);

    }

     

    //

     

     

     

    return(0);

    }

    //+------------------------------------------------------------------+

     

     

     

    Thanks Very Much to the good Oleng! I gave you Kudos. It works well! =D>

     

     

    (For any who use it, in the finished indicator settings, once the indicator is on the 1minute chart, change BOTH the time period and applied price inputs to 5 for a 5 minute MACD on the 1 minute chart)

     

     

     

    Note: I tried to upload the finished mq4 indicator, but got the following error message:

     

    "The file is too big, maximum allowed size is 1 KiB". :-?

  12. Share Your Favorite Trend Indicators

    in MetaTrader Indicators

    Posted

    I've found that Trading with the Trend is one of the most important principles to success. With that in mind, I thought I'd facilitate an exchange of ideas on what indicators/methods are the best for determining TREND.

     

    I like the Hull Moving Average. It seems to get me into the trade a bar or two earlier than other moving averages. It changes color to reveal a change in trend (DOES NOT REPAINT!) and I was pleased to see that it was quite stable, rather than some MA's that jitterbug back and forth.

     

    For shorter term perspective, I go with a parameter of 20 or 27. For longer term, 72.

     

    I also like to filter trades with MACD (See the Golden MACD download link in the MACD Color Change thread). I used the standard settings 12,26,9 for shorter term swings and MACD Diff 60,80,120 for a longer term perspective.

     

    I'm also investigating crossovers of OBV and a 30 period simple MA of OBV for confirmation... but this is just good for stocks and futures as Forex doesn't compute volume.

     

    Also, it's not an indicator, but I'm keenly aware of the 1-2-3 pattern as explained in the book "Trader Vic- Methods of a Wall Street Master", pg74-84, ISBN 0-471-30497-2. I love to see a 1-2-3 play out, right before the start of a new trend. Can even use a 1-2-3 to move your stop up in a position you're already in. For those who are not aware of this pattern, briefly, here's an example. You have a new high, then a retracement, and then a test of the new high. If price is rejected at the high (can break it slightly) and then breaks the retracement low, there's a good chance the trend had changed. This concept seems SIMPLE, but I have found it invaluable in my many years of trading.

     

     

     

    Would love to hear what your favorite trend indicators/methods are and if they're obscure, a mq4 link appreciated!

  17. Profit Mountain

    in MetaTrader Expert Advisors

    Posted

    Re: Profit Mountain

     

    Has ANYONE actually gotten this EA and tested it to see if it is profitable??? I ask because I am thinking of buying it but would like feedback from someone who has actually tested it. I'm talking about the Expert Advisor.

     

    ... if not, perhaps I'm the guinea pig. ;)

  18. Profit Mountain

    in MetaTrader Expert Advisors

    Posted

    Re: Profit Mountain

     

    anyone knows about timeframe?

    http://sharebee.com/f327d932

    Educated

     

     

    oops!!! They suggested Daily Timeframe

     

     

     

    I went to your Sharebee link to download and in order to download Sharebee required me to take an IQ survey and ten minutes into this survey they ask for my cell phone and down at bottom of the page in tiny words it says auto renew subscription billed to your cell phone $9.99 per month! :o

     

    Luckily, I didn't fill in my cell number and I advise all not to use this Bogus Company for downloads etc! They also bombarded me with ads, popovers and popups... :berbusa:

  21. The End of Retail Forex in USA?

    in General Forex Discussions

    Posted

    Here is an article I just saw at Forex Peace Army that is VERY disturbing! EVERY Forex Trader should read this!!! I posted the most important part and a link to the whole article.

     

    http://www*forexpeacearmy.com/forex-forum/forex-articles/8342-if-cftc-does-say-goodbye-retail-forex-usa.html

     

    Title:

    If the CFTC does this, Say goodbye to retail forex in the USA

     

    Important Paragraph:

    Hidden away amongst some wonderful regulations to help protect people against many of the more common scams is a little surprise that could spell the end of much retail forex trading at US brokerages.

     

    The plan is to set the maximum leverage for US retail forex to 10:1. Just so that we are clear that this is not me slipping a digit, that's Ten to One.

     

    I love risk management. I can take make the worst trading decisions in the world and only lose money at an incredibly slow pace. Risk management is a good thing, but this is ridiculous.

     

    Just like NFA's anti-hedging and FIFO rules that interfere with stops, this is stripping away the right to make one's own informed (or uninformed) decisions. Some brokers who know that their customers will take all their money out of the USA have found limited ways around the Hedging and FIFO restrictions, but there won't be a way around this. Once again, in order to protect us, the government is taking away all the sharp tools in the shop so that children can play safely around the power equipment.

     

    This will provide some limited protection foolish newbies who have been known to instantly wipe out their life savings with a mouseclick, but the world can't be designed to protect every person from every possible mistake. The government's regulatory role in the forex market should be to protect us from fiscal fraud, not from being able to click buy or sell with some leverage.

     

    Let's do some math. Suppose you have just over $10,000 in your account. Let's ignore spread for a moment to simplify the math. Under 10:1, you can open only 1 lot. That's $100,000 of an xxxUSD pair. If it goes a few pips against you, then there's not enough money in your account and your broker could give you a margin call. If it goes 50 pips in your favor and you move your SL to breakeven (thus, your current risk is only your profit and nothing else assuming your broker is good at honoring stops) or even to +10 pips (thus locking in $100 profit and having your only risk be $400 of your profit), you won't have enough money to open a second lot (or even a single minilot) if you want to scale into a good position.

     

    Using tight risk management as I've described elsewhere (1% of account balance) and a 20 pip stop, you should be able to place a single trade for 5 minilots in a $10,000 account. Under 10:1, you would be able to open (at most) a second position. Even if you have profit locked in, you wouldn't be able to open a third position for this amount.

     

    In my opinion, this restriction is both stupid and insane. I wonder what those big brokers that will have less local competition due to the capital requirements will think when even more forex traders move their money offshore. How many US jobs will this cost if it is implemented?

     

    What's next? 10:1 leverage on all other commodities?

     

     

    What to do

     

    It's not a law yet. There's still time to complaint and try to stop this.

     

    Before I tell you where to complain, be aware: All comments sent to the CFTC on this topic will be very public. Ranting about government conspiracies won't help. Typing profanity IN ALL CAPS is very tempting in this case, but it won't help. Ten well worded individual letters will carry more weight than 100 copied and pasted letters or even a single petition with hundreds of signatures. I would be honored if you do quote some of this article and/or include a link to it in your complaint, but please also express your feelings in your own words too.

     

    According to the rather lengthy (193 pages) document detailing these proposed rules, this is how to complain:

     

     

    You may submit comments, identified by RIN 3038-AC61, by any of the following methods:

    • Federal eRulemaking Portal: http://www*regulations*gov/search/index.jsp. Follow the instructions for submitting comments.

    • E-mail: secretary@cftc*gov. Include “Regulation of Retail Forex” in the subject line of the message.

    • Fax: (202) 418-5521.

    • Mail: Send to David Stawick, Secretary, Commodity Futures Trading Commission, 1155 21st Street, N.W., Washington, DC 20581.

    • Courier: Same as Mail above.

    All comments received will be posted without change to U.S. Commodity Futures Trading Commission, including any personal information provided.

     

    Please, write something and submit it. Even a few sentences. Focus on what that 10:1 rule will do to your trading. Tell them how much money you may move to an offshore broker. Tell them they are costing jobs. Tell them the really good rules closing registration loopholes won't matter so much if there aren't any US forex businesses left to register.

     

    If you come up with any additional arguments against this rule, please share them in this thread.

     

    Don't wait. Get started writing now.

  23. Delta force indicator

    in MetaTrader Indicators Request

    Posted

    Re: Delta force indicator

     

    Has anyone tried delta force indicator by 
    chartsecrets.com

    ? Does it work on lower timeframe like 5min,15 min? :-/

     

    Isn't there anyone who's tried this? In general, picking tops and bottoms is risky business. Usually better to trade with the prevailing trend in my way of thinking.

  24. ForexSwiper

    in Trading Systems and Strategies

    Posted

    Re: ForexSwiper

     

    This is a system I stumbled upon. Uses the 1H TF, pin bars, smooth moving averages and stochs. Probably not anything too great, but wanted to share here. Enjoy...

     

    http://www.multiupload.com/K5FG16QBHL

     

     

    Simple system (in PDF format). Please share more if you have them. Thanks for posting it!

     

    Jim

  25. What is your exit strategy?

    in Trading Systems and Strategies

    Posted

    Re: What is your exit strategy?

     

    According to statistic, 80% or entry has been right, but only 10% of people make a live out of trading.

     

    Last two times, I have see my 10 pips profits turned back into breakeven and get stoploss out, and asked myself why I did not take hte 10 pips profits when it was there?

     

    What is your exit strategy?

     

     

    I like buying pullbacks once they move back in the direction of the prevailing trend. I place my stop below the low of the pullback. Then when I have profit = to half my initial risk, I exit half the trade and move my stop to break even. That stop I trail below confirmed swing lows.

     

    Another rule I have is if I'm holding a position long term and get a double, I sell half the position and thereafter have a free trade.

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