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Quote:
As to me so it is ok. I am not using any alert because it is necessary to look on the charts one time per hour only. For example, at 8 am, next time I will look on MT4 charts at 9 am etc and so on. |
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It is very good idea. I will try to write something if I can. |
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I think that this BrainTrading system is better for usdchf pair. Just my experience. And probably for eurusd (with my settings: H1 charts with M15 confirmation). usdchf was mentioned in the manual. Seems it was designed for this pair from the beginning.
Personally I do not believe that we must use the same indicators' set for the different pairs. It should not be like this. It should be different indicators for the different pairs. But anyway, uaschf is the better pair for this strategy. Up to now but it may be changed. |
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I may say that I am using classical Stochastic now with the settings 14, 5, 5 on H1 timeframe and it helps to filter the signals and to good exit as well.
I am moving the S/L by T/S of course as usual but to close the order according to Stochastic is much more profitable. So, everything is with no changes: Trading on H1 with M15 confirmation. But i use Demark (default settings) and Stochastic (as described above). Also I discovered that sometimes we have good correlation between BT system and the price. But sometimes not very good. It means that I use confirmation on m15 timeframe but sometimes not for whole 1 hour. So, it was very strict rule: if the signal appears on H1 on bar opened and bar was closed with the signal as well I look on m15 to confirm: it should be no red color on m15 during the open-close bar on H1 (1 hours) if buy signal on H1, and no blue color on m15 if sell. Sometimes the correlation between BT indicators and the price is not so strong so I confirm on M15 not during 1 hour. 45 min may be enough in case if we use Stochastic with 14, 5, 5 settings. It was just my estimation because I am still testing this system. |
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Audio and visual alerts
Hi Newdigital
I have been looking at the Brain trend indicators and signals also reading this thread. I think your idea of the following would certainly help It should be very good to have an alarm on H1 timeframe signal, on closed bar, with confirmation on M15 already. In this case we do not need to open all the charts on M15 timeframe: just attach an alarm EA to the H1 charts and this EA will check the confirmation. And we will have alarm on H1 signal if this signal is confirmed only. It is very good idea. I will try to write something if I can. Just wondered if you had managed to write anything? Also is your exit signal a cross of stochastic on 1 hour chart? Divad |
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I agree: it should be an other indicator. No, it shoud be the other two indicators: one is for confirmation on M15 timeframe during the 1 to 4 bars (on M15), an other one should be similar with NRTR for MT3 (to estimate reversal). Last edited by newdigital; 12-13-2005 at 03:37 PM. |
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