Forex Day Monster

[fx4_ever]

thanks Fx4_ever & detrader for your pointers, i understand trading is an art , i am glad to learn from all the masters here :)

 

Hi vicqua;

I am no guru. Even after 10 years of trading, I am still learning. But, it gets better, I can assure you. :)

[alankw88]

Hi fx4_ever,

 

What is your setting for cc indicator and ATR? Thanks for sharing.

[fx4_ever]

Hi fx4_ever,

 

What is your setting for cc indicator and ATR? Thanks for sharing.

 

I use default of ATR and cc. ATR, I only use blue color (strength only, not Di+ Di- color) level 20 + to enter. I just need to know if market has any juice or not at the time.

cc tell me if one currency vs the other is moving away from each other. If trading eur/usd, I need to see Eur is moving in the direction of my trade.

 

example for no trade:

Just got signal on G/U, but I am passing this trade. It may work out well. However, per my trading rule, I have to wait and see if this is the trade that I want to take. Beside, it's my bed time and can't monitor the trade. :)

 

http://i37.tinypic.com/2en3k1k.png

Edited August 5, 2010 by fx4_ever

[joeytrader]

Hi everyone, I must have missed or skipped a post when following this thread. What is the cc indicator? I can't seems to find it with either FD Monster, or among my MT4 indicators. Where can I find it? Edited August 5, 2010 by joeytrader

[fx4_ever]

Hi everyone, I must have missed or skipped a post when following this thread. What is the cc indicator? I can't seems to find it with either FD Monster, or among my MT4 indicators. Where can I find it?

 

Hi:

cc indicator is one of indicator I use to filter out the trade. It didn't come with FDM. Nothing special, but you can find it here.

http://codebase.mql4.com/5862

Edited August 5, 2010 by fx4_ever

[joeytrader]

Hi:

cc indicator is one of indicator I use to filter out the trade. It didn't come with FDM. Nothing special, but you can find it here.

http://codebase.mql4.com/5862

 

Thanks, fx4_ever. it seems like a very handy indicator indeed. I can probably use it even for other strategies that I am testing.

[fx4_ever]

Thanks, fx4_ever. it seems like a very handy indicator indeed. I can probably use it even for other strategies that I am testing.

 

Yes, I love this indicator. Even though, it can not be used alone to determined the trading direction, it DOES wonders for my trading. Every chart, I have this indicator.

 

Today's trade.. G/U + 40 pips.

http://i37.tinypic.com/29oofep.png

http://i34.tinypic.com/2n3iw4.png

[pardy]

Good trade, fx4_ever.

This system does seem quite good on 15 mins. I've added the cc as well now. Will check it out tom, altho' with nfp, I might not trade.

See how the frankfurt session goes.

[tobi1122]

can you upload it again

[pelesit]

Thanks for the new uploader....................................

[fx4_ever]

All currencies is running up nicely, but NFP push the price too fast and the signal came too late. No FDM trade thus far..

[fx4_ever]

can you upload it again

 

Thanks for the new uploader....................................

 

Page 5 has the links...

[deadinvestor]

fx4_ever your trades like a pro,,,=D>=D>

 

Can you upload your template and indis here??

 

thx for being guru here,,

Even you think you are not, but for us...

You are,,, :):)

(i'm sorry for my bad english)

[fx4_ever]

8-9-2010 trade

 

What a day! My broker, Citifx bridge were down 4 times (2-3 hours at a time) last night.. :( It took 24 hrs to reach my target. If I were home, I would have closed it manually.. In any case, trend was a friend today. Target met!

Tomorrow is FOMC and may be a good setup will show tonight.

 

http://i34.tinypic.com/33k6peu.png

http://i35.tinypic.com/24w96co.png

 

Here is my templates. I use same as FDM 15 min templates that came with the package plus cc indicator and ADX.

 

http://www.multiupload.com/3A9P8XYFG2

Edited August 10, 2010 by fx4_ever

[joeytrader]

What a day! My broker, Citifx bridge were down 4 times (2-3 hours at a time) last night.. :( It took 24 hrs to reach my target. If I were home, I would have closed it manually.. In any case, trend was a friend today. Target met!

Tomorrow is FOMC and may be a good setup will show tonight.

 

http://i34.tinypic.com/33k6peu.png

http://i35.tinypic.com/24w96co.png

 

Here is my templates. I use same as FDM 15 min templates that came with the package plus cc indicator and ADX.

 

http://www.multiupload.com/3A9P8XYFG2

 

Hi fx4_ever, although I am not actively trading at the moment, for practice and training, I have been reading this thread, as well as learning and following the FDM daily to see where would I have entered, exited, etc.

 

If I may humbly ask, for the above trade, if you had been home, would you manually be exiting when there was a reversal signal (the green up arrow, with all the indicators showing green) and take a small loss? Or do you usually ride it out, to take either full profit target or full loss?

[fx4_ever]

Hi fx4_ever, although I am not actively trading at the moment, for practice and training, I have been reading this thread, as well as learning and following the FDM daily to see where would I have entered, exited, etc.

 

If I may humbly ask, for the above trade, if you had been home, would you manually be exiting when there was a reversal signal (the green up arrow, with all the indicators showing green) and take a small loss? Or do you usually ride it out, to take either full profit target or full loss?

 

I usually leave it either hit my SL or TP. But, trade like yesterday, it is talking too long to hit my TP and I would have closed manually. Either small profit/loss. My broker's server problem last night, (Citifx server was down 4 times yeserday - they are using BT bridge and can't get connection to the bridge during UK session) I couldn't do any adjustment and I decide to let it go.. In US session, I was able to move my stop down a bit, so even if it hit SL, loss would have been very little. Almost over 12 hrs since open my trade and it didn't hit my SL, I figure uptrend on G/U must not be there. That was another deciding factor for leave it unattended.

Edited August 10, 2010 by fx4_ever

[mograst]

Can somone please re-upload the FDM system? the link on page5 isn't valid any more.

thanks

[san1111]

Hi mograst,

 

here you go

 

hxxp://[email protected]/file/ONZ1CC4b/Forex_Day_Monster.html

[joeytrader]

I usually leave it either hit my SL or TP. But, trade like yesterday, it is talking too long to hit my TP and I would have closed manually. Either small profit/loss. My broker's server problem last night, (Citifx server was down 4 times yeserday - they are using BT bridge and can't get connection to the bridge during UK session) I couldn't do any adjustment and I decide to let it go.. In US session, I was able to move my stop down a bit, so even if it hit SL, loss would have been very little. Almost over 12 hrs since open my trade and it didn't hit my SL, I figure uptrend on G/U must not be there. That was another deciding factor for leave it unattended.

 

Thanks for explaining fx4_ever. You are obviously doing something right. Because if it were left to me, when I saw the reversal green arrow, with all other indicators turning green, and even the "cc" indicator has flipped against my trade, I would most likely had exited my short trade, and entered long .... and then loss out on BOTH trades, lol.

 

Looking forward to keep following your progress and learning from it.

[fx4_ever]

Thanks for explaining fx4_ever. You are obviously doing something right. Because if it were left to me, when I saw the reversal green arrow, with all other indicators turning green, and even the "cc" indicator has flipped against my trade, I would most likely had exited my short trade, and entered long .... and then loss out on BOTH trades, lol.

 

Looking forward to keep following your progress and learning from it.

 

I am far from being a 'pro' trader, and am still learning. What you've said is true for me as well.

However, if you truly believe and have a faith in the system that you've adapt, you have to 'TRUST' that it will do the job for you. This is the hardest lesson to learn and I am still struggling with the concept. I think this is the major issues with everyone in this forum. Otherwise, we wouldn't look for what we consider to be the 'next best thing on the market'!

 

I've tried many systems and so far, FDM does work for me. But, I wouldn't put all my eggs in this system yet. Still it has its weakness. 1) this system really kill my PC. I've tried to omit some of the indicators and still bog down the resources. so, I only scan 1-2 currency at most

2) Signal comes bit late, so I have to really analyze if the signal that it is giving is the one that I should trade or not - As we know, system that gives early signals give out too many false signals and the system gives delay signals, we get on the train bit too late - trying to balance between the two is the 'art of trading', in my opinion.

Edited August 10, 2010 by fx4_ever

[valtrg]

Hi mograst,

 

here you go

 

hxxp://[email protected]/file/ONZ1CC4b/Forex_Day_Monster.html

 

thanks san

[deadinvestor]

What a day! My broker, Citifx bridge were down 4 times (2-3 hours at a time) last night.. :( It took 24 hrs to reach my target. If I were home, I would have closed it manually.. In any case, trend was a friend today. Target met!

Tomorrow is FOMC and may be a good setup will show tonight.

 

http://i34.tinypic.com/33k6peu.png

http://i35.tinypic.com/24w96co.png

 

Here is my templates. I use same as FDM 15 min templates that came with the package plus cc indicator and ADX.

 

http://www.multiupload.com/3A9P8XYFG2

 

Thanks fx4_ever,,,

[mahdicivil81]

hi to all

can any one convert this system to an expert?

it seems that it will be a good expert

thanks in advance

[fx4_ever]

hi to all

can any one convert this system to an expert?

it seems that it will be a good expert

thanks in advance

 

I think too many variable to make this into successful EA. Just my opinion, unless coder is willing to keep working on optimization.

[john225]

I had today a lossing trade: Long on GPBPUSD -30pips

After that trade FDM signaled a short trade but i didn´t take it i thought that it is a false signal because of the sideway market and the GBPUSD moved 88 pips down :-(

 

fx4_ever how was your day?

 

john225