View Single Post
  #1392 (permalink)  
Old 12-12-2008, 07:15 AM
endy endy is offline
Member
 
Join Date: Dec 2006
Posts: 48
endy is on a distinguished road
Currency1 vs Currency2 indicator and some of the action from yesterday

Hi all,

had to do some socializing last night, so it took some time to get back on feet.

Anyways, here is the other part of the santa box, that currency1 vs currency2 indi (find attached).

Also, yesterday I took advantage of GBP/USD strength leaving range region (100/-100) to the up side. So GBPUSD was suppose to go up, wasn't it?

Patience was the key and I took 1/3 of long possition at 1.4880 and then one more 1/3 at 1.4861. The plan was to add the final 1/3 at the region of 50SMA on H1 at around 1.4810 (at that time). Having weekly pivot point in the way, cable was not able to move there, so I was left with only 2/3 of the long position filled.
For the exit, first target was 127% fibo, the other one 161%.
Isn't it funny how the other one got hit almost to the pip?

Please, don't take this as I'm boasting around here, this is just a short summary of optimal trade based on FX Pimps ideas and small advancments I made for myself. Feel free to ask any questions..

Regarding the best functionality of the indicators. Please don't forget it is based on H4 TF, so that means, you need to have your H4 TF data in MT in good shape. No gaps in data etc.. MT sometimes does that, if you don't have H4 TF (or any other tf) opened for long time, but had it opened before, it won't download all the data in between and things may get ugly.
The easiest way to clean up your H4 data is: switch off your MT, go to your MT directory, then history/xxx where triple-x is name of directory inside this history subdirectory (it varies from broker to broker). In my case (I use FIBO), the subdirectory goes: history/FIBO-FIBO Group MT4 Demo Server
In this directory, delete all XXXXXX240.hst files. With the new start of MT, all history files will be downloaded again.
Regarding the currency labels on currency meter (I think Honest Bill asked me this), please don't forget to shift your chart using: Properties (F8) -> Common -> tick the Chart shift option.

Please, note also, that indicator doesn't require H4 charts opened in your MT, it will download it itself. You can see after first putting of indicator to window that it dances around for some time. That's when the data is being downloaded.

Have a nice pipping,
endy
Attached Images
File Type: jpg gbpusd_play.jpg (78.2 KB, 363 views)
File Type: jpg gbpusd_1m.jpg (78.7 KB, 362 views)
Attached Files
File Type: mq4 !cci_dif.mq4 (1.7 KB, 137 views)

Last edited by endy; 12-12-2008 at 07:41 AM.
Reply With Quote