Share: Touch Line

[Red_Bull]

Got this from another forum:

 

http://content.screencast.com/users/Farhanbukhari/folders/Default/media/3005dad8-6338-4577-b1e7-de3bd76ad2d7/touchline.gif

 

Download:

 

http://www.mediafire.com/?heycc772wj9r7z5 :-bd

[braveheart2009]

Please state direction how to use this indicator?

[freddy]

Please state direction how to use this indicator?

 

Not used it, but by just looking at the chart, I would say when all 3 indis turn blue and near a support line then Buy 2(x)lots, fist target next line, second target, second next line, initial SL under support line or under SWP, and if target1 is hit, then SL to BE.

Do opposite for sell.

 

Now, how are signals when ranging is another story, need testing!

[xard777]

Re Touchline

 

Try this version....

 

http://imgur.com/Tfnz7

 

http://www.sendspace.com/file/n5cfmu

 

All the best

 

Xard777

[hermes]

I would ad if the indicator on bottom is below 0 (or 50) it is a sell and above it is a buy. The SR levels could be a Fibs?

As the system says the price must touch the line before entry. It could be difficult to trade if sideways tend!

Hermes

[vikram88]

Sharing my experience with this system

Xyard your indicators shuts down the MT4 platform

Just made 30 Pips Aud/Usd H1 Chart with Red bull version

[hankt80]

files from Xard shuts down MT4

[vikram88]

Hello

What is the intrepetation of the yellow tick in Red bull version

[derricktan]

Hi Re Bull,

The word "Touch Line" must have some meaning. Would appeciate if you could provide more information and how we could develop from these indicators.

 

Thank you in advance.

 

Rgds

DT

[Infomattik]

I googled it and found no instructions, but my interpretation is when you get a fresh new touch on the zero line of the Touchline Indi, and all the colors match for that direction of that trend, set a pending order at the white line, with SL and TP at the aqua lines. You can use the yellow lines as TP 2 but it seems like those are extreme support and resistance. On the 15 min it seems like the aqua lines get hit at a high rate, although it's only a 1:1 if you use the other aqua line as your SL.

 

This is only my guess but it seems like a reasonable strategy.

 

Also I'm using Xard's version with no problems at all...

Edited November 15, 2011 by Infomattik

[vikram88]

Hey Infomattik

Have you compared the 2 versions Which gives better signals

[Infomattik]

Hey Infomattik

Have you compared the 2 versions Which gives better signals

 

Hey Vikram, I haven't really had time to test but they look almost identical. Xard's version seems to trigger all three colors earlier and more accurate than the original (Mostly the Moving Average looking indicator).

 

The lines update pretty often though (Similar to MBFX etc), which is a pain to keep up with lol...You're probably better off with your Pip Accum trades! (Good job by the way)

[xard777]

files from Xard shuts down MT4

 

OOps I must have a corrupt file...sorry folks...let me sort it out and get back to you.

 

Xard777

[vikram88]

Hey Vikram, I haven't really had time to test but they look almost identical. Xard's version seems to trigger all three colors earlier and more accurate than the original (Mostly the Moving Average looking indicator).

 

The lines update pretty often though (Similar to MBFX etc), which is a pain to keep up with lol...You're probably better off with your Pip Accum trades! (Good job by the way)

 

Thanks infomattik Challenge with Pip accumalator i am currently facing is that I am away from my PC for London opening specially with DST Thus trying touchline Anyway hope Xard 777 can fix the problem

[vikram88]

OOps I must have a corrupt file...sorry folks...let me sort it out and get back to you.

 

Xard777

 

Hey xard 777 i tried to individually attach the indicators Problem is with 1 & 3 i think

[xard777]

OK, It is all working now...silly MT4 code

 

http://www.sendspace.com/file/364v1e

 

Enjoy

 

Xard777

[vikram88]

OK, It is all working now...silly MT4 code

 

http://www.sendspace.com/file/364v1e

 

Enjoy

 

Xard777

 

Hey Xard777 Which set of indicators do I use Tried the ones with !! problem of mt4 shutting down still persists

[xard777]

Hey Xard777 Which set of indicators do I use Tried the ones with !! problem of mt4 shutting down still persists

 

I just ran it on two computers Ok.

 

I will check again..

 

Xard777

[vikram88]

I am using IBFX Australia demo account and it didnt work for me

[brianhu458]

Xard777, thanks for the effort. Your latest version seems to crash my MT4 as well. Please double check.

[mograst]

OK, It is all working now...silly MT4 code

 

http://www.sendspace.com/file/364v1e

 

Enjoy

 

Xard777

 

 

 

 

can you please upload to "multiupload" sendspace is very confusional... thanks

[Danny]

Xard777, thanks for the effort. Your latest version seems to crash my MT4 as well. Please double check.

 

Its working for me w/o any problem.

Btw Thanks XARD777 and Red Bull for nice sys.

[Infomattik]

Testing on 5Min timeframe, mostly because without an alert I don't have patience for a longer TF entry lol). So far so good, 6 winners and one loser today, and the loser was my mistake...The lower indicator was sloping but didn't yet change color, so I jumped the gun. If someone could code the bottom Touchline Indy to give a sound alert when the color changes that would be the missing link. Again I'm only taking profit and setting SL at the aqua lines, and I took off the Xard Gann because as it is this thing is an MT4 memory hog, plus it was a little late in my observations.

 

http://img716.imageshack.us/img716/3214/touchline.gif

 

Uploaded with ImageShack.us

[alansim]

Ok mirror for those got difficulty downloading through sendspace.com

 

Please do give thanks/credit to member = xard777

 

Here you go Mediafire mirror download link :)

http://www.mediafire.com/?2cogpnjcz29zlg3

[josephR]

Deleted for obvious reason!! Edited November 21, 2011 by josephR