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I am planning to come back to this system next week as well. |
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first try
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broker: FXDD ============ pairs : USDGPB TIME 7:00 am (FXDD TIME) TF: 1H m15 4 bars confirmation Order Price: Buy 1.9824 stop :1.9801 status: still open pairs : USDCHF TIME 8:00 am (FXDD TIME) TF: 1H m15 4 bars confirmation Order Price: Buy 1.2070 stop :1.2055 status: still open comment: I think USDGPB is a little risky because trade time is asian session (maybe choppy market ) Last edited by muyuan11; 08-20-2007 at 07:24 AM. |
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GTM diff
could someone tell me common brokers server time differ from GMT time .
eg FXDD , North Finance , CFG ,Interbank ,Alpari FXDD time is GMT +2 or GMT +1 ,I don't know . Is Alpari SERVER TIME GMT+0 ? Last edited by muyuan11; 08-20-2007 at 08:14 AM. |
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GBPUSD.
H1 timeframe. At 6 am (Alpari broker time) bar with buy signal was closed on H1 timeframe. Price to open the order: 1.9816. Stop loss #1 and stop loss #2 = 1.9764. M15 confirmation. It was just 1 bar confirmation on M15 timeframe. Look at the image: we are having red color on the second close bar. Usually i am not trading with 1 bar confirmarion. |
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I am using FXDD demo account , and using old version BT system ,not all in one version . would you confirm my 4 bars confirmation is right or not . I attach my m15 chart Last edited by muyuan11; 08-20-2007 at 08:56 AM. |
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Price to open the order was 1.9816 (it may be different for you because i am using Alpari and you are using FXDD). Let's say aroud 1.9816, right? Stop loss #1 was moved to 1.9783. Stop loss #2 was moved to 1.9805. You may use any kind of trailing stop/stop loss. What we can say about this buy for GBPUSD? I posted the H1 images with all the indicators. I only added 2 additional indicators to understand market condition: 2 AbsoluteStrenth indicators (normal one and MTF_AbsoluteStrenthMarket_v1). Price to open the order was aroud 1.9816 and initial stop value was 1.9774 and 1.9766 (stop loss #1 and #2: it is your choise to select anyone). It is very thin for H1 timeframe. But anyway possible. Demarker indicator confirmed this order. Stochastic indcator confirmed this order. The price was somewhere in the middle between high/low of the day (dayHL and ^Pivot_ResSup indicators): we are still have more than 100 pips to move up to the resistance or possible daily high. iTrend indicator confirmed buy: DarkKhaki color was above zero and red color was below 0. It was not confirmed b Parabilic SAR indicator but this indicator is optional. Market condition: It was uptrend on H1 and uptrend till now (blue color) and it was correctional downtrend and then choppy market (yellow colow) on M15. Conclusion: This order is possible but very risky as we are having 1 bar confirmation only. When I am posting this message so stop loss was moved one more time and we are having now: Price to open the order 1.9816. Stop loss #1 was moved to 1.9805. Stop loss #2 was moved to 1.9810. |
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You opened the order on 7 am close bar on H1 timeframe. Confirmation: how many bars back starting from 7am closed bar on M15 are not having red color at all. Bakc from 7 am: 7 am closed bar; 6:45 closed bar; 6:30 closed bar ... |
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USDCHF.
We had buy oprder at 7 am close H1 bar (you had at 8 am). Price to open the order: around 1.2065. Original stop loss: 1.2052. Immediate conclusion: it is very thin stop loss as it is very difficult to trade H1 timeframe having initial stop loss just 13 pips only. We may trade but it is very very risky case (we may lose 13 pips on any spikes of the price). M15 confirmation. We had 5 bars confirmation for M15. It is very good and not often case. Usually we will have 2 or 3 bars confirmation. And sometimes we will consider 3 bars confirmation as very very good. |
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![]() BT rule for H1 http://www.forex-tsd.com/2511-post55.html Quote:
Last edited by muyuan11; 08-20-2007 at 09:47 AM. |
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Let's estimate the situation for USDCHF H1 timeframe (if you already opened the order) on the same way.
Price to open the order: around 1.2065. Stop loss #1: 1.2048. Stop loss #2: 1.2052. You may choose any stop loss value. (it may be different for you because i am using Alpari and you are using FXDD). It is very thin stop loss value. Very risky. Anyway, possible. What we can say about this buy for USDCHF? Please find H1 image with all the indicators. I only added 2 additional indicators to understand market condition: 2 AbsoluteStrenth indicators (normal one and MTF_AbsoluteStrenthMarket_v1). MTF_AbsoluteStrenthMarket_v1 indicator is from "well working trading system ...' thread (public thread and the same elite section thread). This indicator is still in testing mode so it was not posted anywhere. It will be posted after testing. Demarker indicator confirmed this order. Stochastic indcator did not confirmed this order. The price was somewhere in the middle between high/low of the day (dayHL and ^Pivot_ResSup indicators): we are still have more than 100 pips to move up to the resistance or possible daily high. iTrend indicator confirmed buy: DarkKhaki color was above zero and red color was below 0. Parabolic SAR confirmed. 55 EMA: not confirmed. Market condition: It was "Not Trading" (write color) on H1 and choppy market on M15 (yellow color). It was AbsoluteStrenth indicator and its interpetation: MTF_AbsoluteStrenthMarket_v1 indicator. Conclusion: This order is possible but very very risky. When I am posting this message so stop loss was moved one more time and we are having now: Price to open the order 1.2065. Stop loss #1 was not moved and we are still having 1.2048. Stop loss #2 was not moved and we are still having 1.2052. |
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