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Posted (edited)

There is no good manual for it but I put all the idas of other traders together and it is quasi mosaic of Goiler trading.

http://www.megaupload.com/?d=RFPA6E72

 

Trading Goiler is a foxy trading many times reversal trading. Read it all and demo it first! EURUSD 1H is the best solution for to be a winner! The indicator gets fed at GMT +2. At that time put a pending order. One trade a day.

Hermes

Edited by hermes
Posted
  hermes said:
The indicator gets fed at GMT +2. At that time put a pending order. One trade a day.

Hermes

Little correction here.

The indicator takes the daily candle of your Mt4 when it closes and calculates the levels for the new day.

This happens exactly at 00:00 of your broker server -time.

 

If your broker-server is located in a timezone like GMT+6 ,

the daily candle on that Mt4 is completely different from a broker who is located at GMT+2 .

 

The indicator does not care where your broker server is located. It will draw the new levels at 00:00 server-time.

 

If you want the same daily entry-levels which the author recommends ( GMT+2 ), you

need at least a demo-platform of a broker which has that GMT+2 server-time.

 

For example: FXDD , Pepperstone and PROFX .

Posted
  daretolive said:
just realised. we would have to keep track of the daylight savings season? that's when the clock is fast forward 1 hour.

The indicator doesn´t know about daylight savings season.

It is coded to take the daily candle.

At 00:00 broker server time the new daily candle opens. The yesterday candle closes.

 

Nobody has made backtests to find out what daily candle is best for each pair.

Maybe for Euro pairs it is GMT+2 , maybe not.

 

In order to find the best daily candle worldwide for each pair, one has to backtest all available

broker-platforms ( GMT-0, GMT+1, GMT+2, GMT+3 .... etc. ) and on top of that

compare each of them in the 2 daylights-saving-modes.

 

Then you could come up with something like:

Use FXDD platform in summertime on EURUSD but for USDJPY use another broker platform.

In winter-time don´t use FXDD but use xxyy-broker platform because it gives better signals

than FXDD.

 

I don´t believe that somebody will take the time to analyze this all.

Posted

vince-ac the Gunn mod eng is Goiler II. Trading with Goiler is like trading in fog. Be careful and if you must trade only EURUSD. Goiler has a negative results from previous years. If you plot support and resistance lines and play between them you will be much better on than trading Goiler. I added Stoch, MACD, EMA10 and round numbers indicators for clearer decision. It is better and it is for free.

Goiler is a fog indicator because the owner of worldwide coded the indy that way that the price doesn't shows properly to delude the buyers. I wouldn't bother with Goiler even I have them 5 from different sources. If you use Delphi indicator you have the same picture. The Goiler is charged after 22:00 GMT (should be 00:00GMT).

Hermes

Posted (edited)

Plot all 3 and compare if all 3 the same indication trade a million. Ha, ha, ha...

Every indy has a different angle, therefore combine them is very useful. Eg. Stoch is good for range and MACD for trending market to feel the trend direction.

They have a new version with gmt offset I don't have it. Ask Stovedude.

Hermes

Edited by hermes
  • 3 weeks later...
Posted
  vladv said:
hermes,on what broker it is better to use this indicator?Since it has no gmt offset option......

 

According to Majjed, Forex Clearing MT4 broker's mt4 gives the most accurate indication.

Posted

taipan is right but all the traders using Goiler report almost the same results. If losing day all lose no broker can save them.

I don't trade Goiler but it sits on FX Primus and gives solid advices on EURUSD 1H. Just visual testing.

Hermes

Posted
hermes,do you use Gunn_mod indi OR Goiler v 1.1 or v 1.3(the one with GMT offset option) on EUR/USD 1H chart,and you use it only for trading advice as a helper for your other strategy?Am I right? :)
Posted

Yes vladv you are right I use it only for possible trend direction on EURUSD 1H. It is very much as Delphi system , playing between the lines. I don't have the v 1.3 do you have it?

Gunn_mod is clone of Goiler. Now maximo created Boiler EA which acts as Goiler and looks like it is successful.

Hermes

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