Django Posted October 30, 2011 Author Report Share Posted October 30, 2011 I traded this system . I do not think that is a sacred cow that can not be touched , and I would be very happy with the suggestions to improve this system .I try to show you pictures in real time to see the moment when you need to make a decision and enter new trade. Today I explained how to use the Magic Stick EA I like do draw the various SR and trend lines. Look at the sample. EMA 169 give us information about trend. We'll see that is strong up trend. http://i1234.photobucket.com/albums/ff415/roccoprc/DinamicSL.png ArtOfTrade 1 Quote Link to comment Share on other sites More sharing options...
Django Posted October 30, 2011 Author Report Share Posted October 30, 2011 missing file. Download link: http://www.box.net/shared/pqm3s88yk664jtibkubf Put it in libraries folder FxNewbie, ArtOfTrade and taipan 3 Quote Link to comment Share on other sites More sharing options...
kraven Posted October 30, 2011 Report Share Posted October 30, 2011 Django it's a nice simple idea for 'fire and forget' trading. when are you going to post indi's and a full explanation of your system Quote Link to comment Share on other sites More sharing options...
Django Posted October 30, 2011 Author Report Share Posted October 30, 2011 (edited) Here are all files with screenshots and explanations. I'll answer to all further questions. http://www.box.net/shared/4i7p8zkpk3xstkm1aoj3 http://i1234.photobucket.com/albums/ff415/roccoprc/Actual.png Edited October 30, 2011 by Django peterpiak, taipan, kmcco and 6 others 9 Quote Link to comment Share on other sites More sharing options...
ArtOfTrade Posted October 31, 2011 Report Share Posted October 31, 2011 (edited) Hi Django, On GBPUSD: Place Market Buy Entry on Today Open while XB4 still blue. Initial SL/TP set to 80pips. Pivot Printed and S1/R1 only around 10pips to the entry price, do you move the price to the S1 now ? The Price Hit R1 now, do i exit now ? OR use last Friday Pivot R1 as Target ? Edited October 31, 2011 by ArtOfTrade Quote Link to comment Share on other sites More sharing options...
ArtOfTrade Posted October 31, 2011 Report Share Posted October 31, 2011 Django Said: "...... The main feature of this system is to be traded every day and you do not need much attention. I am not a full time trader and this way of trading is perfect for me. I do not like to sit for hours before the screen and stare at the colorful charts. Clearly in this case is possible to miss treades with more pips. That's why I stress that this system is for a bit lazy person, as I am, or for those who simply do not have time to listen to the market constantly. The system is the easiest to use as a set and forget." Quote Link to comment Share on other sites More sharing options...
ArtOfTrade Posted October 31, 2011 Report Share Posted October 31, 2011 Django Said: "Today we'll miss the trades. values are too small." Quote Link to comment Share on other sites More sharing options...
ArtOfTrade Posted October 31, 2011 Report Share Posted October 31, 2011 (edited) Yesterday come out the indi, II always late. hxxp://[email protected]/get/S0_mkmO1/maiwinsys.html Django said "Template are optimized for GMT+2 brokers with 4 digits." http://i.imgur.com/LTN22.png I found some thing wrong with this setting using the GMT offset indicator. If you know that your broker setting is GMT+2. then for GMT+00, the change_day_hour should be 2. (I do a comparison on broker using GMT+0 and GMT+2, the correct one will point to the same bar on open price) I try out the FxPro (GMT+2), the GM offset indicator shown: GMT : 09:57 Broker: 03:58 based on your method: 03-09 = -6 I set the Pivot to -6, and the SR Lines all disappear. Edited October 31, 2011 by ArtOfTrade FxNewbie 1 Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted October 31, 2011 Report Share Posted October 31, 2011 Does the XB4d indicator repaint or otherwise change once the bar is closed? Quote Link to comment Share on other sites More sharing options...
ArtOfTrade Posted October 31, 2011 Report Share Posted October 31, 2011 I traded this system . I do not think that is a sacred cow that can not be touched , and I would be very happy with the suggestions to improve this system .I try to show you pictures in real time to see the moment when you need to make a decision and enter new trade. Today I explained how to use the Magic Stick EA I like do draw the various SR and trend lines. Look at the sample. EMA 169 give us information about trend. We'll see that is strong up trend. http://i1234.photobucket.com/albums/ff415/roccoprc/DinamicSL.png So this trade open last friday was lost around 10pips. Quote Link to comment Share on other sites More sharing options...
ArtOfTrade Posted October 31, 2011 Report Share Posted October 31, 2011 Django Said: "Today we'll miss the trades. values are too small." GU open today, lost 80pips. Quote Link to comment Share on other sites More sharing options...
ArtOfTrade Posted October 31, 2011 Report Share Posted October 31, 2011 (edited) Does the XB4d indicator repaint or otherwise change once the bar is closed? I did not notice any repaint on XB4D so far. But realise that when enter the price, the S1 to R1 was small but now it open up wider. Suspect maybe the sunday issue. I forgot there is GMT Shift, manual calculation will be wrong. I will show the chart using the Pivot DSR as comparison http://i.imgur.com/OqJah.gif Edited October 31, 2011 by ArtOfTrade Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted October 31, 2011 Report Share Posted October 31, 2011 I did not notice any repaint on XB4D so far. But realise that when enter the price, the S1 to R1 was small but now it open up wider. Suspect maybe the sunday issue. I compared with other Pivot indicator. It really repaint today. I observed the XB4d indi alone on a range bar chart and I am quite sure it repaints after the bar closes... otherwise it alone using crossover would be the long lost holy grail! Perhaps someone can put it on a one minute chart and confirm that it repaints. Then let us know... Thanks. Quote Link to comment Share on other sites More sharing options...
FxNewbie Posted October 31, 2011 Report Share Posted October 31, 2011 Thanks for the DLL file Django. Is this educated? Does it call home? DLL's worry me sometimes Quote Link to comment Share on other sites More sharing options...
Django Posted October 31, 2011 Author Report Share Posted October 31, 2011 (edited) Hi Django, On GBPUSD: Place Market Buy Entry on Today Open while XB4 still blue. Initial SL/TP set to 80pips. Pivot Printed and S1/R1 only around 10pips to the entry price, do you move the price to the S1 now ? The Price Hit R1 now, do i exit now ? OR use last Friday Pivot R1 as Target ? Last edited by ArtOfTrade; Today at 02:25 AM. in this case 80 pips are target. Edited October 31, 2011 by Django Quote Link to comment Share on other sites More sharing options...
Django Posted October 31, 2011 Author Report Share Posted October 31, 2011 (edited) Originally Posted by ArtOfTrade Yesterday come out the indi, II always late. Code: hxxp://[email protected]/get/S0_mkmO1/maiwinsys.html Django said "Template are optimized for GMT+2 brokers with 4 digits." I found some thing wrong with this setting using the GMT offset indicator. If you know that your broker setting is GMT+2. then for GMT+00, the change_day_hour should be 2. (I do a comparison on broker using GMT+0 and GMT+2, the correct one will point to the same bar on open price) I try out the FxPro (GMT+2), the GM offset indicator shown: GMT : 09:57 Broker: 03:58 based on your method: 03-09 = -6 I set the Pivot to -6, and the SR Lines all disappear. ______________________________________________________________________________________________ I'm 100% sure that you get this values till market was closed. When market was opened indi shows correct values. Don't forget the fact that this weekend time was changing in most of countries. Edited October 31, 2011 by Django Quote Link to comment Share on other sites More sharing options...
Django Posted October 31, 2011 Author Report Share Posted October 31, 2011 I observed the XB4d indi alone on a range bar chart and I am quite sure it repaints after the bar closes... otherwise it alone using crossover would be the long lost holy grail! Perhaps someone can put it on a one minute chart and confirm that it repaints. Then let us know... Thanks. It's bad repainting indi, but isn't matter for system Quote Link to comment Share on other sites More sharing options...
Django Posted October 31, 2011 Author Report Share Posted October 31, 2011 Thanks for the DLL file Django. Is this educated? Does it call home? DLL's worry me sometimes Don't worry it's educated, I'm using it for a long time FxNewbie 1 Quote Link to comment Share on other sites More sharing options...
Django Posted October 31, 2011 Author Report Share Posted October 31, 2011 GU open today, lost 80pips. Yes but on other 3 pairs you got 240 pips, why this didn't write. There is no perfect system, every have losses. 240-80=160 for 15 minutes of work. http://i1234.photobucket.com/albums/ff415/roccoprc/zarada.png Guys don't be little souls. I never didn't say that you'll win in 100% of trades, but RR ratio are fantastic, and my opinion are that collecting pips are also fantastic. Regards jamestan1978 1 Quote Link to comment Share on other sites More sharing options...
jamestan1978 Posted October 31, 2011 Report Share Posted October 31, 2011 Django, Ignore that little souls, he just wantbthe system to him self. Anyway I can't see the image tom clearly, which is the line for stop loss and tp? Quote Link to comment Share on other sites More sharing options...
Django Posted October 31, 2011 Author Report Share Posted October 31, 2011 Django, Ignore that little souls, he just wantbthe system to him self. Anyway I can't see the image tom clearly, which is the line for stop loss and tp? green lines, this lines are Support 1 and Resistance 1 for this day and this lines are our targets. jamestan1978 1 Quote Link to comment Share on other sites More sharing options...
jamestan1978 Posted October 31, 2011 Report Share Posted October 31, 2011 Thanks can I ask so far what's the pips you getting per month since you started using? Quote Link to comment Share on other sites More sharing options...
Django Posted October 31, 2011 Author Report Share Posted October 31, 2011 Thanks can I ask so far what's the pips you getting per month since you started using? More then 500 pips weekly. This is a very variable number. But definitely more then 500 pips. That means more then 2000 monthly. Quote Link to comment Share on other sites More sharing options...
jackey Posted October 31, 2011 Report Share Posted October 31, 2011 Hi,Django What did you do about Fridays long trade ? Quote Link to comment Share on other sites More sharing options...
Django Posted October 31, 2011 Author Report Share Posted October 31, 2011 (edited) Hi,Django What did you do about Fridays long trade ? I lost 140 pips http://i1234.photobucket.com/albums/ff415/roccoprc/Actual.png Edited October 31, 2011 by Django jackey 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.