Diesel 10 Posted May 3, 2011 Author Report Share Posted May 3, 2011 Hi Diesel In the word document it is given "Place Constant Range EA in experts folder" but there is no such EA in the zip folder It's there. However to help you, here is another link with just that EA in it..... Best Wishes http://mir.cr/0LNQJPAZ Frank-E 1 Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted May 3, 2011 Author Report Share Posted May 3, 2011 (edited) Nice one Diesel, believe it or not I have been trying something very similar the last few weeks using 7pip rangebars on EURUSD, using multi cci level & pattern triggers instead of the stochastics, trying to get in with trend soon after turnround points which are very easy to see with rangebars. I have modified one of Demarks indicators called TD sequential ( removed alot of the screen clutter in the original indicator) , which predicts reversals based on counting numbers of bar sequences typical of reversals, and seems very accurate with picking reversals. Tried it in combination with your template and it adds to it very nicely... try it and see, when you load the indy change the colours or sizes of the arrows to make it easier to see. http://mir.cr/Q0W9KYI4 hxxp://mir.cr/Q0W9KYI4 Thanks for the try. It sounds very promising. Unfortunately your TD Sequential Indi didn't work on my chart. I dragged it onto my charts (both Range Bar and 5min) and it didn't go onto them. Not sure what the problem is... maybe it is tied to just your account? I just noticed that it didn't create an .ex file which is usually what happens with a new .mq4 indicator when you restart Metatrader. No idea why it didn't. Edited May 3, 2011 by Diesel 10 Quote Link to comment Share on other sites More sharing options...
waldorfxt Posted May 3, 2011 Report Share Posted May 3, 2011 Ok try this instead, have included the mq4 and ex4. should work on all types of chart, mine running on Alpari no problem. hxxp://mir.cr/1PYRJABL taipan 1 Quote Link to comment Share on other sites More sharing options...
deadsoul Posted May 3, 2011 Report Share Posted May 3, 2011 many thanks Diesel 10 all respect also for sharing valuable system that worth testing ...hope some people here who hide the successful systems even though they got it for free from here and there will step forward and dare to be great like you...thank you again Quote Link to comment Share on other sites More sharing options...
san1111 Posted May 3, 2011 Report Share Posted May 3, 2011 Hi Diesel, thanks for your system, it's nice, especially for me, because I very like range bars. Do you have live results? Quote Link to comment Share on other sites More sharing options...
conglo Posted May 3, 2011 Report Share Posted May 3, 2011 Thanks much, Diesel. Weekly Fibs are also a very useful addition (courtesy freddy): http://www.multiupload.com/C6QRAM9INF fxshare, taipan, vladv and 2 others 5 Quote Link to comment Share on other sites More sharing options...
hermes Posted May 3, 2011 Report Share Posted May 3, 2011 I agree with all of you! The best indicator for pullbacks is to plot EMAs 10 & 20 and when the price is caught between them sell or buy to the trend conditions. Diesel just get more and more expensive. Hermes Quote Link to comment Share on other sites More sharing options...
fxeasy5 Posted May 3, 2011 Report Share Posted May 3, 2011 Thanks Diesel10 for your system. Today I had the charts running but suddenly all the indicators and candles on the offline chart disappeared. For some unknown reason the whole thing stopped working and I was lucky to discover it fast enough to remove the trade-EA which I had running on the offline-chart. EAs work with incoming tick data and when no tick data arrives like in my case on the M2-chart, the EA is dead. I read from others in another forum that they often had problems with offline-charts and therefore won´t dare to trade with EAs on offline charts but it was hard for me to believe it before today. I used Renko-charts and never had problems with them. Maybe it is the Range-bar EA which is more often producing such undesired situations. I hope somebody can shed more light on this. Quote Link to comment Share on other sites More sharing options...
domonkos Posted May 3, 2011 Report Share Posted May 3, 2011 Thank you!! Diesel Gooooooood MAN! Quote Link to comment Share on other sites More sharing options...
⭐ Gambler67 Posted May 4, 2011 Report Share Posted May 4, 2011 Thanks Diesel10 for your system. Today I had the charts running but suddenly all the indicators and candles on the offline chart disappeared. For some unknown reason the whole thing stopped working and I was lucky to discover it fast enough to remove the trade-EA which I had running on the offline-chart. EAs work with incoming tick data and when no tick data arrives like in my case on the M2-chart, the EA is dead. I read from others in another forum that they often had problems with offline-charts and therefore won´t dare to trade with EAs on offline charts but it was hard for me to believe it before today. I used Renko-charts and never had problems with them. Maybe it is the Range-bar EA which is more often producing such undesired situations. I hope somebody can shed more light on this. @fxeasy, you will have to make sure the 1 min chart from which you formulated the m2 offline chart is still running. If the 1 min chart is deleted, the offline chart stops running as it has no reference. fxeasy5 1 Quote Link to comment Share on other sites More sharing options...
alright Posted May 4, 2011 Report Share Posted May 4, 2011 (edited) Today I had the charts running but suddenly all the indicators and candles on the offline chart disappeared. For some unknown reason the whole thing stopped working and I was lucky to discover it fast enough to remove the trade-EA which I had running on the offline-chart. EAs work with incoming tick data and when no tick data arrives like in my case on the M2-chart, the EA is dead. I have used MT4 range bars in several occasions and never experienced this. If you think the lack of ticks could be the cause, you can try this little free tool http://i51.tinypic.com/5l7ac1.jpg You can run it in the systray and it will send a tick at the interval you want to set. It's useful to backtest EA's as well. As the site where you can get it needs a registration and there is some trouble by logging in later, I decided to upload the program here. Enjoy :)http://www.mediafire.com/file/uvjod2924t52lqi/mt4ticker05.zip Edited May 4, 2011 by alright uploaded software with link taipan, redline, paws and 5 others 8 Quote Link to comment Share on other sites More sharing options...
annbeea Posted May 4, 2011 Report Share Posted May 4, 2011 where i can find M2 offline chart in MT4 platform? thanks. Quote Link to comment Share on other sites More sharing options...
Mohamed Zuhri Posted May 4, 2011 Report Share Posted May 4, 2011 Thank you very much Diesel... its wonderful indicators... im testing now... hope to see more userful tips and tricks here... thank u very much for u all those who help us... Quote Link to comment Share on other sites More sharing options...
Guest hftlh Posted May 4, 2011 Report Share Posted May 4, 2011 Thanks Diesel! This system looks great! Quote Link to comment Share on other sites More sharing options...
alright Posted May 4, 2011 Report Share Posted May 4, 2011 where i can find M2 offline chart in MT4 platform? thanks.If you have followed the steps described in the doc (adding the s-constant range bars.ex4 to a 1min chart), click File>Open Offline and choose your M2 chart. Remember, as it's already beeen said, you need to leave the M1 chart open. Quote Link to comment Share on other sites More sharing options...
luka_russki Posted May 4, 2011 Report Share Posted May 4, 2011 Good system Diesel! Thanks! Quote Link to comment Share on other sites More sharing options...
KHI Posted May 4, 2011 Report Share Posted May 4, 2011 Thanks will try this system. Quote Link to comment Share on other sites More sharing options...
⭐ megashop Posted May 4, 2011 Report Share Posted May 4, 2011 how to avoid this false signal? http://screencast.com/t/TlanOGjwggD1http://content.screencast.com/users/Animedia/folders/Jing/media/5b6446a5-f496-442d-a144-ddb2d91a5cb1/2011-05-04_1803.png Quote Link to comment Share on other sites More sharing options...
okitikan Posted May 4, 2011 Report Share Posted May 4, 2011 Thanks desel 10 I like your sprite.Givers never like, I hope to physically shake you one day. Quote Link to comment Share on other sites More sharing options...
kerberos007 Posted May 4, 2011 Report Share Posted May 4, 2011 how to avoid this false signal? ======================================== If the chart is the regular time-based chart, then you can use a higher time-frame to determine the main trend and only trade the lower time-frame in accordance with the higher time-frame. In a non time-based system, like Range bar or Renko chart, you may want to use a 20-pips range bar (or higher) chart to determine your trend. I don't know this will work, but, put two range bar charts side by side: one with 10-pips range bar, and another with 20-pips range bar (or higher. may be 30-pips) and see what happens.... In addition, try to use a good "currency strength meter", to only trade two currencies with the biggest strength difference: i.e. Strongest currency paired with the weakest currency, which will eliminate all kinds of choppy conditions. ⭐ megashop, disbellj and Condor_Hawks 3 Quote Link to comment Share on other sites More sharing options...
kerberos007 Posted May 4, 2011 Report Share Posted May 4, 2011 ======================================== In addition, try to use a good "currency strength meter", to only trade two currencies with the biggest strength difference: i.e. Strongest currency paired with the weakest currency, which will eliminate all kinds of choppy conditions. =================================== Also, in order to eliminate false signals and choppy conditions, remember to always use the highly correlated pairs to confirm the trade. especially for Renko charts and the Range charts. They are very good at spotting the correlations among highly correlated pairs. For example, if you trade EURUSD, you should also use the Range bar charts of GBPUSD and AUDUSD side by side for confirmation. All these three pairs are highly correlated and especially for Range bar charts, they should have the similar Range bar shapes, eliminating much noise of time-based charts. So, only take the signals when all three correlated pairs have the similar trend/signal. In doing so, you should be able to eliminate a lot of false signals and avoid tons of choppy conditions. Hope this helps. You can also use the inverse correlated pairs like USDCHF for confirmation, etc. A lot of screen time is needed to get a good feeling of avoiding choppy conditions eliminating false signals. Also, if possible, try to trade only the Europe session and USA session when the liquidity and volatility are ample. thamira83, Condor_Hawks, disbellj and 3 others 6 Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted May 4, 2011 Author Report Share Posted May 4, 2011 =================================== Also, in order to eliminate false signals and choppy conditions, remember to always use the highly correlated pairs to confirm the trade. especially for Renko charts and the Range charts. They are very good at spotting the correlations among highly correlated pairs. For example, if you trade EURUSD, you should also use the Range bar charts of GBPUSD and AUDUSD side by side for confirmation. All these three pairs are highly correlated and especially for Range bar charts, they should have the similar Range bar shapes, eliminating much noise of time-based charts. So, only take the signals when all three correlated pairs have the similar trend/signal. In doing so, you should be able to eliminate a lot of false signals and avoid tons of choppy conditions. Hope this helps. You can also use the inverse correlated pairs like USDCHF for confirmation, etc. A lot of screen time is needed to get a good feeling of avoiding choppy conditions eliminating false signals. Also, if possible, try to trade only the Europe session and USA session when the liquidity and volatility are ample. Thanks for these insights Kerber! An excellent educate for us all ! ! deanyakobs and kerberos007 2 Quote Link to comment Share on other sites More sharing options...
hermes Posted May 4, 2011 Report Share Posted May 4, 2011 Yes, M2 is not legitime TF for recognizing trend. You have to get confirmation on higher TFs like 15M, 30M, 1H. With Stochastic always wait with trade until clear cross over 20 or 80. Stoch is not good for strong trends. Hermes Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted May 4, 2011 Author Report Share Posted May 4, 2011 Yes, M2 is not legitime TF for recognizing trend. You have to get confirmation on higher TFs like 15M, 30M, 1H. With Stochastic always wait with trade until clear cross over 20 or 80. Stoch is not good for strong trends. Hermes I think you misunderstood. M2 is not a 2minute timeframe. It is simply the timeframe "symbol" that allows you to open an offline chart for rangebars. Also, this is a special version of Stochastics (StochasticRSI), not the standard one and we are only taking StochasticRSI signals that agree with the trend... hermes, et_phonehome_2 and prattpot 3 Quote Link to comment Share on other sites More sharing options...
et_phonehome_2 Posted May 4, 2011 Report Share Posted May 4, 2011 Diesel10 Thanks for your input.... Quote Link to comment Share on other sites More sharing options...
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