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Old 05-20-2007, 02:07 AM
prasxz prasxz is offline
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hi

Quote:
Originally Posted by forexmgr
there are 2 styles implemented currently with the following types of entry.

CCI , RVI , ADX, Using the Pivot numbers for targets, we look for setups for possble trades from the 4hr and day chart using 10/20/50/89 EMA's to determine retracements and trends.

if we see a possible entry long, setup the trade in the software, looking for the RVI long,with a difference between the line and trigger of 300-400 , cci is breaking 100 on the 15 minute chart, and ADX is 20 and spread between the + and - di of at least 5.

those can be adjusted based on how it looks.

Second style, switch to using indicators only, setup the same indicators above to use either 15/4hr/or day chart and when they line up enter at current price.

3rd style

4 hr setup using CCI from OVERBOUGHT AND OVERSOLD , add in Scaff Trend Oscillator to determine movement .

if ema are long, best to trade with the 4hr trend, short look for overbought, long look for oversold, cosolidated ema's look either direction.

once the CCI breaks either 90 short and -90 long, use the oscillator to break 20 going long and 80 going short. enter the trade then.


The EA reads the database I created, the database has the programming in it to let you setup the software above settings, then if they line up , your in .

the purpose is 2 fold, for newbies, they can paper trade it, get familiar with the market, and then move to live with data and historical reports that tell them how they are doing.

second, is to setup trades and have them enter so I don't have to monitor the entries, also I can monitor 13 pairs at once, instead of 1-3 max.

also the software uses the EMA's to manage the trade, you can use a EMA to act as a Psuedo trailing stop loss. so as the trade progress's, it automaticaly moves the SL with it. additionaly I have added a POE(pip over entry) this allows after x amount of pips, automatic movement of SL to break even +2 pips incase your not watching the trade,

Andy<<Cowboy>>Stapleton

that's right, please attach your screen shot pic using your system
thx

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