Strategies, Systems & Indicators

[cool_kk]

hi Edward.

i have attached the image and marked the entry points as per the system, kindly spare some time and guide are all the entry points right as per the system.

Thanx a Ton.

Hi mrageish,

How you decided on 4th.
As the candle was UP and arrow came after that.
Also one candle was not closed fully to give start signal.
The down candle was also very Big.

Although your point 4 mark seems to be very accurate But If you can explain how you reached that. It would be great

Also,some of your entry points looking good But not waiting for one candle to close up/down before taking decision so bit confused... Edward can comment

Thanks
Kaps

 

[cool_kk]

I have also attached my chart
The trades what I think are valid for that graph.
I may be wrong as I am also newbie
I see only 2 trades in it.

 

[Pchartis]

Live forex data in amibroker

hey guys I found this article on net, though off back dated and not tried by me...... Those are interested can try it and gives their views

<<<<<<<<<<<<<<<<-------------
MT4 Plugin for Amibroker

Do you ever tried testing of real time charts in your Amibroker Software.
If not then try start with MT4 Plugin for Amibroker to analyse live forex data.

All you need to do is
1)Download Meta Trader 4
2)Install it in your windows system and open a demo account with metatrader
3)Download MT4 Plugin for Amibroke

Follow the procedure to setup live forex data in Amibroker
After Downloading MT4 Plugin

1.Copy MT4d.dll to C:\Program Files\AmiBroker\Plugins
2.Copy RateServer.exe to C:\Program Files\AmiBroker
3.Open dos prompt and enter command
[cd C:\Program Files\AmiBroker]
[rateserver.exe /regserver]
4.Copy exp.dll to C:\Program Files\MetaTrader 4\experts\libraries
5.Copy pluginAB.mqh to C:\Program Files\MetaTrader 4\experts\include
click exp.mqh and compile
6.Copy pluginAB.mq4 to C:\Program Files\MetaTrader 4\experts
click plugin.mq4 and compile
7.Run metatrader4, then RateServer is displayed in tasktray
Run PluginAB Expert Advisor
* check Allow DLL imports

8.Run Amibroker

9.Click Amibroker and click [File]-[Database setting]
select Datasource MetaTrader4 data Plug-in

and set Base time interval 1Minute or Hourly or EOD

10.[Symbol]-[New] add symbol
USDJPY,GBPJPY so on

11. On the Bottom Right corner of Amibroker there is a provision to enable
mt4 plugin which is in WAIT status by default. Just change the status to
CONNECT

Now Its all Done and now you can see charts updating live forex data in your
Amiborker
>>>>>>>>>>>>>>>>------------
Regards,

 

[fxgood]

Re: Live forex data in amibroker

hey guys I found this article on net, though off back dated and not tried by me...... Those are interested can try it and gives their views

<<<<<<<<<<<<<<<<-------------
MT4 Plugin for Amibroker

Do you ever tried testing of real time charts in your Amibroker Software.
If not then try start with MT4 Plugin for Amibroker to analyse live forex data.

All you need to do is
1)Download Meta Trader 4
2)Install it in your windows system and open a demo account with metatrader
3)Download MT4 Plugin for Amibroke

Follow the procedure to setup live forex data in Amibroker
After Downloading MT4 Plugin

1.Copy MT4d.dll to C:\Program Files\AmiBroker\Plugins
2.Copy RateServer.exe to C:\Program Files\AmiBroker
3.Open dos prompt and enter command
[cd C:\Program Files\AmiBroker]
[rateserver.exe /regserver]
4.Copy exp.dll to C:\Program Files\MetaTrader 4\experts\libraries
5.Copy pluginAB.mqh to C:\Program Files\MetaTrader 4\experts\include
click exp.mqh and compile
6.Copy pluginAB.mq4 to C:\Program Files\MetaTrader 4\experts
click plugin.mq4 and compile
7.Run metatrader4, then RateServer is displayed in tasktray
Run PluginAB Expert Advisor
* check Allow DLL imports

8.Run Amibroker

9.Click Amibroker and click [File]-[Database setting]
select Datasource MetaTrader4 data Plug-in

and set Base time interval 1Minute or Hourly or EOD

10.[Symbol]-[New] add symbol
USDJPY,GBPJPY so on

11. On the Bottom Right corner of Amibroker there is a provision to enable
mt4 plugin which is in WAIT status by default. Just change the status to
CONNECT

Now Its all Done and now you can see charts updating live forex data in your
Amiborker
>>>>>>>>>>>>>>>>------------
Regards,

Why you need this when metatrader have in built charting and better indicators on their own.

 

[Edward]

You guys are taking the entries late by almost a canlde... in few places..
This would land you in trouble.. I am very tied up till sunday evening. We have a forex training workshop in Surat Gujarat on Sunday. So I will be out and busy this three days... will explain when I get some time in the nights...

Request others who have a grasp of Lazy boy to pitch in and explain it our friends... Raghav, Sumit, Ashish, Madhav, if you guys are looking at the charts posted here, please post your comments..

And by the way, if you are in Surat or around and want to attend our training program, you can pm me.

Take care and have a great weekend guys

I have also attached my chart
The trades what I think are valid for that graph.
I may be wrong as I am also newbie
I see only 2 trades in it.

 

[kinguncle]

You guys are taking the entries late by almost a canlde... in few places..
This would land you in trouble.. I am very tied up till sunday evening. We have a forex training workshop in Surat Gujarat on Sunday. So I will be out and busy this three days... will explain when I get some time in the nights...

Request others who have a grasp of Lazy boy to pitch in and explain it our friends... Raghav, Sumit, Ashish, Madhav, if you guys are looking at the charts posted here, please post your comments..

And by the way, if you are in Surat or around and want to attend our training program, you can pm me.

Take care and have a great weekend guys

Thanks a lot Edwards, now that i have gone though the complete thread and the rules, I can make out where all I have made errors in marking the entries.

However, the basic doubt that I have still remains. Do we look at the risk reward ratio while booking the profits. I have seen people booking at 10-20 pips, but what were the risks on those trades? say your stops are 30-35 pips away on a particular trade, do you still book profits at predetermined 20 pips?

I hope I am able to convey the doubt. All seniors, please let me know your views.

KingUncle

 

[Sunny1]

@Sunny,Is your doubt clear now ? I have the same doubt.
I think, we need both crossover after the close of the candle and the arrow mark for the signal to be valid(in addition to 3pips rule)
.Am I right?





@Edward sir
In reference to the chart posted in confy; I am not very clear about the candle numbered 4. Crossover happened 2 candles before and 3 pips barrier was also broken.Then why that particular candle is numbered?

I think it is very important to understand the rules;when market goes against our system.(candle at 4 was a loser)How to handle and exit?Please explain using candle numbered 4 in the chart shown in confy.

Thanks

Hi biswajit,

first of all I am sorry I cud not reply you as I was out of town I am back today.

And thanks for making my question simpler .....

 

[Sunny1]

Re: A question from Biswajit

The arrow and the crossover can happen in any sequence, the arrow or the crossover whichever occurs second actually confirms the first..

suppose you enter a trade and another crossover occurs in the next candle, which is a remote possiblility if you had taken ADX into consideration, and still we can filter it if you trade at right market hours, but even then there are chances that this thing happens, and if it happens, do the following:

If a clear crossover occurs opposite to my trade position immediately after the candle I took the position, then i wait for the opposite signal to confirm i.e a reversal with all the entry points becomes my exit point.
Not only a crossover, but to exit the trade, wait for the opposite arrow as well as give it room to break the 3 pip barrier too...
Hope this clears your doubts....

What happens when the trigger candle is too high and the money management does not permit to go for such a big stop loss?

1. Get down from the 30 min tf to the lower 15 min tf.... this way you will know when to exit with least damage...
2. trade with a smaller lot, as the markets have already moved this far, may be they can reverse, so trade with a smaller lot and have the same sl principle.
3. if they are too big... just stay out... some news candle will give you such spikes, and normally the markets come back to their long term trend...

To all who are following this system, don't worry about anyone, and keep asking, we all are here to support you and guide you, no need to send me a pm about the doubts, share it right here so others too are benefited. As I have requested Laluji, he will not scare anyone here anymore for newbie questions.... and now that he is busy posting live calls, we need not worry

Thanks Edward. The above quoted post cleared my confusion.

 

[Sunny1]

Dear all,
Since Mng, 13 trades, 12 winning trades. profit 58.2$. hv 3 running trades.
wl post da result again by 6.
THANKS A LOT ROARK.

Good to see you maintaining same performance in live account:clap:
Keep minting $$:thumb:

 

[cool_kk]

Hi Guys

Please confirm what perodicity you guys set for trade.
I am doing demo trade and may go live next month.

I am setting perodicity 1 min which seems to be too short OR is it right ?

Thanks
Kaps