Popular Post newbie111 Posted October 29, 2011 Popular Post Report Share Posted October 29, 2011 Here is an indicator that is quite impressive. Just check out some of the results. He also gives his formula for the trading method that this indi is based on. http://i1130.photobucket.com/albums/m527/newbie1112/804437653.png http://i1130.photobucket.com/albums/m527/newbie1112/590043941.png http://i1130.photobucket.com/albums/m527/newbie1112/523540025.png http://i1130.photobucket.com/albums/m527/newbie1112/516643257.png Here is the indicator: http://www.multiupload.com/KYZ2BF3G21 daveg1, aliak, marblaa and 49 others 52 Quote Link to comment Share on other sites More sharing options...
deadsoul Posted October 29, 2011 Report Share Posted October 29, 2011 glad to be the first one who thank you...thank you even before the download.. Quote Link to comment Share on other sites More sharing options...
leeb77 Posted October 29, 2011 Report Share Posted October 29, 2011 any info about exit rules? he seems to use a fixed tp? Quote Link to comment Share on other sites More sharing options...
newbie111 Posted October 29, 2011 Author Report Share Posted October 29, 2011 any info about exit rules? he seems to use a fixed tp? These are the only rules that I could find for this method. Check 1 hour time frame and confirm trend. Best used on 15 min time frame. Best to take trades in direction of trend. Conditions: 1) If the Buy% is greater than the Sell% 2) If the Buy% at least 75% and the Sell% 25% at the most Here is the entry Buy And vice versa in the case of a sell. TP- Minimum 50 pips for swing and 10 pips for scalping Quote Link to comment Share on other sites More sharing options...
hermes Posted October 29, 2011 Report Share Posted October 29, 2011 newbie where are you fishing for the systems? Unbelievable. Hermes Quote Link to comment Share on other sites More sharing options...
DeathStar Posted October 29, 2011 Report Share Posted October 29, 2011 These are the only rules that I could find for this method. Check 1 hour time frame and confirm trend. Best used on 15 min time frame. Best to take trades in direction of trend. Conditions: 1) If the Buy% is greater than the Sell% 2) If the Buy% at least 75% and the Sell% 25% at the most Here is the entry Buy And vice versa in the case of a sell. TP- Minimum 50 pips for swing and 10 pips for scalping   Hello newbie111 I have read the small PDF but I see no time frame mention , about the 1 hr and 15 min. Have you used this before? I check the 2010.07.08 gbpjpy buy trade just to see an example , and the Long trade at 137.34 took place almost that the top of a 5 hr old break almost at the top and at the end of the move. Please check it yourself, leaves me wondering why the trade was not taken much earlier in fact if you check your chart against the the trades in the pictures, you going to be asking yourself the same question since they seem to be very late on the entry . callahan 1 Quote Link to comment Share on other sites More sharing options...
newbie111 Posted October 29, 2011 Author Report Share Posted October 29, 2011 Hello newbie111 I have read the small PDF but I see no time frame mention , about the 1 hr and 15 min. Have you used this before? I check the 2010.07.08 gbpjpy buy trade just to see an example , and the Long trade at 137.34 took place almost that the top of a 5 hr old break almost at the top and at the end of the move. Please check it yourself, leaves me wondering why the trade was not taken much earlier in fact if you check your chart against the the trades in the pictures, you going to be asking yourself the same question since they seem to be very late on the entry . No, I just found it and want to share here with all my II brothers and sisters. It would be great to here opinions as I am a newb and can't give expert opinions. My goal is to get the help and absorb the knowledge of more seasoned and educated traders so that I may improve my trading skills. Quote Link to comment Share on other sites More sharing options...
iwjw Posted October 30, 2011 Report Share Posted October 30, 2011 Regarding the math of this system I've got a little bit confused The Buy% is calculated by ((High(candle)-Ask)/Range(candle))*100 With Range(candle)=High(candle)-Low(candle) Let's assume the candle closed at it's Low ->Ask = Low(candle) This would result in a Buy% of 100% because we get (High-Low)/(High-Low)*100 The Sell% is calculated by ((Bid-Low(candle))/Range(candle))*100 Again close at the low would give us Sell%<=0 That would result in a buy setup after a candle that closed at it's lowest point I think that after such a rejection candle price will further decline more often than increase I've coded an indicator that is drawing the Buy% and Sell% in a seperate window and for now it seems to be absolutly useless newbie111 and grisleback 2 Quote Link to comment Share on other sites More sharing options...
newbie111 Posted October 30, 2011 Author Report Share Posted October 30, 2011 Regarding the math of this system I've got a little bit confused The Buy% is calculated by ((High(candle)-Ask)/Range(candle))*100 With Range(candle)=High(candle)-Low(candle) Let's assume the candle closed at it's Low ->Ask = Low(candle) This would result in a Buy% of 100% because we get (High-Low)/(High-Low)*100 The Sell% is calculated by ((Bid-Low(candle))/Range(candle))*100 Again close at the low would give us Sell%<=0 That would result in a buy setup after a candle that closed at it's lowest point I think that after such a rejection candle price will further decline more often than increase I've coded an indicator that is drawing the Buy% and Sell% in a seperate window and for now it seems to be absolutly useless Thank you for your input bro, I don't know much about formulas but it got rave reviews at the forum that I was browsing in. I would like to let everyone know about it, but from what I understand, it is a violation of the forum rules to name another forum. If it's OK, then I am asking the mods here to let me know now. That way you can go and check out the entire thread and I'm sure that with the ingenious minds of the leaders of our forum, that you can definitely make this formula and indi what it was meant to be. Quote Link to comment Share on other sites More sharing options...
btoc Posted October 30, 2011 Report Share Posted October 30, 2011 What would be the StopLoss and TakeProfit? At what point would exit the market? Quote Link to comment Share on other sites More sharing options...
newbie111 Posted October 30, 2011 Author Report Share Posted October 30, 2011 I hope that I don't get an infraction saying this out loud, but I got all of these systems and indis from MT5 FORUMS. I noticed a guy quietly spamming our forum, by trying to invite us to join there, so I went to take a look. I want to share everything here with my brothers and sisters and I apologize for not telling you sooner, but I think it might be against the rule to say the names of other forum. By telling you this, now you can go and learn about these systems without missing pieces. I am sorry for my lack of knowledge about these system and indis, but I'm still in the learning phase myself. Quote Link to comment Share on other sites More sharing options...
hermes Posted October 31, 2011 Report Share Posted October 31, 2011 btoc best exit strategy is 5EMA. If Sell and candle close above 5EMA close the deal. If Buy and the candle close under 5EMA close also. No brainer but accurate. Most of the time after this happens market goes into range trend. Hermes maddman, Sesshoumaru, ForexExpert and 8 others 11 Quote Link to comment Share on other sites More sharing options...
Sesshoumaru Posted October 31, 2011 Report Share Posted October 31, 2011 still a little bit confusing, guess he uses different tp and sl due to different time frames. can some genius figure out which to which? Thanks in advance! Quote Link to comment Share on other sites More sharing options...
newbie111 Posted October 31, 2011 Author Report Share Posted October 31, 2011 I really don't see how he got all the wins in his statement, because this indi seems to contradict price. The indi down when price is moving up, and vice versa. Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted October 31, 2011 Report Share Posted October 31, 2011 I seem to have an issue with this indicator. The "buy%" is always changing, but the "sell%" only changes rarely. I tried it on 2 different brokers and same thing happened. Does anyone else have this problem? Perhaps this is normal and I am interpreting it wrong? Quote Link to comment Share on other sites More sharing options...
hermes Posted October 31, 2011 Report Share Posted October 31, 2011 Don't use it alone have a confirming indicator(s) with it on chart. It should do opposite reaction because the buys are slower moving than sells. I use it with the +20 PIPS strategy. Hermes newbie111 1 Quote Link to comment Share on other sites More sharing options...
rivergreen Posted November 1, 2011 Report Share Posted November 1, 2011 Hi Hermes, When you mentioned opposite reaction,does it mean that when we see the indi direction is up,we should consider sell instead of buy? Quote Link to comment Share on other sites More sharing options...
rivergreen Posted November 1, 2011 Report Share Posted November 1, 2011 http://img100.imageshack.us/img100/7681/sudanfx.th.png Uploaded with ImageShack.us I tried to combine sudanfx with 20 pip strategy but the their signals are opposite and I am confused.Any help? Quote Link to comment Share on other sites More sharing options...
rivergreen Posted November 1, 2011 Report Share Posted November 1, 2011 (edited) http://img100.imageshack.us/img100/7681/sudanfx.png Uploaded with ImageShack.us Edited November 1, 2011 by rivergreen Quote Link to comment Share on other sites More sharing options...
rivergreen Posted November 1, 2011 Report Share Posted November 1, 2011 (edited) Posted image in this forum for the first time. Sorry for the mess. Edited November 1, 2011 by rivergreen Quote Link to comment Share on other sites More sharing options...
shebapat Posted November 1, 2011 Report Share Posted November 1, 2011 The SudanFX indicator only gives correct readings on a 4 digit broker feed newbie111 1 Quote Link to comment Share on other sites More sharing options...
mellifter Posted November 1, 2011 Report Share Posted November 1, 2011 Can someone please try and code the SudanFX indicator for a 5 digit broker. Thanks Quote Link to comment Share on other sites More sharing options...
hermes Posted November 2, 2011 Report Share Posted November 2, 2011 That's interesting I have it on 5digit broker and it seems to be right (together with +20 PIPS and PIP ACCU on one chart). Hermes Quote Link to comment Share on other sites More sharing options...
rivergreen Posted November 8, 2011 Report Share Posted November 8, 2011 Hi, I am a bit confused when I use this indi. Is it correct that we trade the OPPOSITE way according to the signal? (e.g: If see Buy= 80 % Sell = 10%, then we sell instead of buy). It is because most of the time, the signal seems to be opposite to the price action and trend. FYI, I am using it in M5. Thanks. Quote Link to comment Share on other sites More sharing options...
casey12 Posted December 20, 2011 Report Share Posted December 20, 2011 thank you !!! Quote Link to comment Share on other sites More sharing options...
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