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[REQ]Forex Goiler


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Hi,

 

I just came across this one, and I believe it's worth looking into.

 

www.fore**xgoiler.com

 

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Edited by elvee4eva
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Guest Jayman007

This indicator was meant to be used on a broker of GMT+2. This means that the signals are supposed to be updated at 2200GMT. Since there is no GMT offset coded into this unless you are using a GMT+2 broker you are getting the wrong info from this indicator.

 

I would love if someone would code a TZ offset into this indicator.

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Use FxPro.

I don't think the labels are correct.

Ok, it looks like the white line is the open of the day.

 

So far as I can tell, price must make it to the orange line then back to the white line where you would enter a trade in the direction toward the bright green line (take profit).

 

So the key is that price must make it to the orange line, and not to the red line, then back to the white line.

 

I'm going to modify the code so that we can backtest the indicator. I'll repost it here.

Edited by crodzilla
MarketCycle-360.com
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Use FxPro.

I don't think the labels are correct.

Ok, it looks like the white line is the open of the day... always.

 

So far as I can tell, price must make it to the orange line then back to the white line where you would enter a trade in the direction toward the bright green line (take profit).

 

So the key is that price must make it to the orange line, and not to the red line, then back to the white line.

 

I'm going to modify the code so that we can backtest the indicator. I'll repost it here.

 

where did you find these instructions? My understanding is you take the trade towards the green lines at 0GMT using a broker that is GMT +2. Place a buy or sell limit order on the orange line, with all stops at the red line. Orange line entry use TP2. White line (open) - use TP1. Thats the way I found it described on the forum it originated in.

 

What I have been doing is using demark range projections and if the projected high or low is greater than the stop loss then I dont take the trade on that currency. I love the idea of a set and forget type strategy which is what this was designed for but I am not seeing the results claimed on the site. I will take a look at your method but I dont think thats the way the system was designed at all.

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Here is the mod for backtesting purposes...

Use FxPro for GMT+2.

Select the number of daysback you would like the indicator to "see."

 

http://www.multiupload.com/6L6KJBRX8P

 

I was just guessing, looking at their website, since nobody offered anything better.

It sounds like you know a lot about it!

 

Which forum is this indicator being talked about?

 

From the screenshots on their website, it looks like they were doing scalping with this indicator. I did not see anything near "set and forget" from those screenshots, or the description.

 

As a matter of fact, the website says, "For Active Trader - Day Trader", which does not sound like set and forget.

Edited by crodzilla
MarketCycle-360.com
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Here is the mod for backtesting purposes...

Use FxPro for GMT+2.

Select the number of daysback you would like the indicator to "see."

 

http://www.multiupload.com/6L6KJBRX8P

 

I was just guessing, looking at their website, since nobody offered anything better.

It sounds like you know a lot about it!

 

Which forum is this indicator being talked about?

 

From the screenshots on their website, it looks like they were doing scalping with this indicator. I did not see anything near "set and forget" from those screenshots, or the description.

 

As a matter of fact, the website says, "For Active Trader - Day Trader", which does not sound like set and forget.

 

thanks for the mod.

 

a simple google search will provide you with forums discussing the indicator. I think the link to this other forum is frowned upon around here, not sure. So I wont post it.

 

Google forex goiler - 5th one down

 

 

look at post #178 for example that clearly defines the rules

 

Everyday at 0:00, it will open two orders

1. first order with entryPriceOne, SL and ProfitTargetOne

2. Second order with entry PriceTwo, SL and ProfitTargetTwo

3. cancel any pending orders

4. delete open orders if the new signal shows opposite trade direction

 

this is what I have been functioning off of. I am not saying your interpetation doesnt hold merit as it may be a fantastic way to trade the indicator I just havent looked at it that way yet.

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thanks for the mod.

 

a simple google search will provide you with forums discussing the indicator. I think the link to this other forum is frowned upon around here, not sure. So I wont post it.

 

Google forex goiler - 5th one down

 

 

look at post #178 for example that clearly defines the rules

 

Everyday at 0:00, it will open two orders

1. first order with entryPriceOne, SL and ProfitTargetOne

2. Second order with entry PriceTwo, SL and ProfitTargetTwo

3. cancel any pending orders

4. delete open orders if the new signal shows opposite trade direction

 

this is what I have been functioning off of. I am not saying your interpetation doesnt hold merit as it may be a fantastic way to trade the indicator I just havent looked at it that way yet.

 

 

 

Hi, I just discovered this thread about Goiler.

I did not install it yet, but I am always curious and read a lot.

 

On that forum you were pointing, I stumbled on that post #93

and thought some of you who already use that could investigate and tell us what they think about that strategy. (it sounds promising, but is it constant?)

 

 

 

 

 

 

11-03-2010, 11:33 PM #93 (permalink)

Tinojazz

Gold Member

 

Join Date: Dec 2009

Location: Macedonia

Posts: 425

Thanks: 391

Thanked 481 Times in 250 Posts

 

03 november results

Today results Goiler:

EUR-USD +145 (closed) EUR-GBP +60 (closed)

GBP-USD +115 (closed) EUR-CHF +30 (open)

EUR-JPY +120 (closed) EUR-NZD +150 (closed)

GBP-JPY +100 (closed) GBP-AUD +120 (closed)

USD-JPY -60 and -15 (open) GBP-CAD -180 (closed)

USD-CHH +55 (closed) GBP-CHF +130 (closed)

AUD-CHF +55 (closed) GBP-NZD +140 (closed)

AUD-CAD +15 (open) NZD-CAD -120 (closed)

 

AUD-USD -25 (open) NZD-CHF -3 (open)

CAD-JPY +80 (closed) NZD-JPY -120 (closed)

CAD-CHF -120(closed) NZD-USD -150 (closed)

EUR-CAD -210(closed) USD-CAD +60 (closed)

CHF-JPY +90 (closed) AUD-NZD +120 (closed)

EUR-AUD +100 (closed)

 

Total profit today: +860 pips

open positions: -58 pips

__________________

 

 

Also, anyone care to share the manual?

freddy

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