Forex



Go Back   Forex Trading > Downloads > Indicators - Metatrader 4
Forex Forum Register More recent Blogs Calendar Advertising Others Help






Register
Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.

From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.

Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
  • Elite Section
    Get access to private discussions, specialized support, indicators and trading systems reported every week.
  • Advanced Elite Section
    For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
See more

Reply
 
Thread Tools Display Modes
  #11 (permalink)  
Old 01-19-2007, 01:57 AM
Linuxser's Avatar
User Root
 
Join Date: May 2006
Location: Helliconia (Winter)
Posts: 4,410
Blog Entries: 56
Linuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond repute
Thanks mqldev.

Pretty simple.

Basic is

Bullish candle.

Buy order at High
Sell at the Open

Bearish Candle

Sell order at low
Buy Order Open

+/- 10 pips or a feature to set slippage would be great.


I have more rules but this must be enough and I think they couldnīt be included in a EA. Like engulfings or fibo engulfings.

I donīt know if Maria agree but I think weīre talking about the same.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #12 (permalink)  
Old 01-19-2007, 02:35 AM
maria77's Avatar
Member
 
Join Date: Oct 2006
Posts: 59
maria77 is on a distinguished road
DSRS Techique

[removed deleted]

Last edited by maria77; 07-06-2009 at 04:00 AM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #13 (permalink)  
Old 01-19-2007, 02:36 AM
maria77's Avatar
Member
 
Join Date: Oct 2006
Posts: 59
maria77 is on a distinguished road
DSRS Technique

Double post.

Last edited by maria77; 01-19-2007 at 08:46 PM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #14 (permalink)  
Old 01-19-2007, 03:28 AM
maria77's Avatar
Member
 
Join Date: Oct 2006
Posts: 59
maria77 is on a distinguished road
Quote:
Originally Posted by Linuxser
Thanks mqldev.

Pretty simple.

Basic is

Bullish candle.

Buy order at High
Sell at the Open

Bearish Candle

Sell order at low
Buy Order Open

+/- 10 pips or a feature to set slippage would be great.


I have more rules but this must be enough and I think they couldnīt be included in a EA. Like engulfings or fibo engulfings.

I donīt know if Maria agree but I think weīre talking about the same.
Agree with you Linux. Although my is bit different, but I'm exploring the open as the main support and resistance. You're right.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #15 (permalink)  
Old 01-19-2007, 08:47 PM
maria77's Avatar
Member
 
Join Date: Oct 2006
Posts: 59
maria77 is on a distinguished road
Ok since mqldev haven't reply, may I request your DSRS indicator to include another line which is Today's Open? That would be great in additional of the previous day SR.

Example for today's open GBP/USD is 1.9739, this is a good entry point to consider about. Thanks ya.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #16 (permalink)  
Old 01-19-2007, 08:55 PM
maria77's Avatar
Member
 
Join Date: Oct 2006
Posts: 59
maria77 is on a distinguished road
Quote:
Originally Posted by Linuxser
Thanks mqldev.

Pretty simple.

Basic is

Bullish candle.

Buy order at High
Sell at the Open

Bearish Candle

Sell order at low
Buy Order Open

+/- 10 pips or a feature to set slippage would be great.


I have more rules but this must be enough and I think they couldnīt be included in a EA. Like engulfings or fibo engulfings.

I donīt know if Maria agree but I think weīre talking about the same.
Linuxuser, I think it would be better for you to do a write up on this, such as when to execute the sell order at the open, although I know what you're talking about (we're basically doing the same style), but if want to make an EA, probably have to explain further when to enter a trade at the open.

Example of today is GBP/USD went up to 1.9769 then down cross below the Open at 1.9739 and hit as low as 1.9691. If using your Open as support/resistance, in this case it would be acting the the Support of the day, and we would have entered a position at 1.9739 and probably exit the trade at 1.9709 if using my TP at 30 pips.

Using my method, I would have triggered at 1.9702 (previous day open instead of today's), and although it went down initially, but it was not enough to hit my TP and was stopped out at 1.9732 (SL 30 pips) when it went back later again.

mqldev, let's do Linuxuser's method on EA. My gut feeling telling me that using today's open as support/resistance is a better consideration.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #17 (permalink)  
Old 01-19-2007, 10:08 PM
nettsaver's Avatar
Junior Member
 
Join Date: Dec 2006
Posts: 12
nettsaver is on a distinguished road
Linux & Maria :

Excuse me to join your discussion.
Before that, I introduce myself as a newbie in forex with less than a month. With zero knowledge and try to improve myself here. According to what you think about Japanese Candlestick by Steve Nison, I agree with both of you. I also using this method for stock exchange a few years ago and now try to use this method to forex. But, I think this method could not be create for code. And this is the rules that has been used by Japanese Traders from the figure of bamboo stick. That's only my view.

Thank you.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #18 (permalink)  
Old 01-20-2007, 01:08 AM
Linuxser's Avatar
User Root
 
Join Date: May 2006
Location: Helliconia (Winter)
Posts: 4,410
Blog Entries: 56
Linuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond repute
Quote:
Originally Posted by nettsaver
Linux & Maria :

Excuse me to join your discussion.
Before that, I introduce myself as a newbie in forex with less than a month. With zero knowledge and try to improve myself here. According to what you think about Japanese Candlestick by Steve Nison, I agree with both of you. I also using this method for stock exchange a few years ago and now try to use this method to forex. But, I think this method could not be create for code. And this is the rules that has been used by Japanese Traders from the figure of bamboo stick. That's only my view.

Thank you.
Well, an EA could help in determining how profitable can be with a few parameters. If we add more rules maybe could work.

I trade manually off course but itīs too hard to do a back test manually with paper an pencil.
I hope metaquotes will develop a little more the visual tool to include the feature of setting orders.

Quote:
Originally Posted by maria77
Linuxuser, I think it would be better for you to do a write up on this, such as when to execute the sell order at the open, although I know what you're talking about (we're basically doing the same style), but if want to make an EA, probably have to explain further when to enter a trade at the open.

Example of today is GBP/USD went up to 1.9769 then down cross below the Open at 1.9739 and hit as low as 1.9691. If using your Open as support/resistance, in this case it would be acting the the Support of the day, and we would have entered a position at 1.9739 and probably exit the trade at 1.9709 if using my TP at 30 pips.

Using my method, I would have triggered at 1.9702 (previous day open instead of today's), and although it went down initially, but it was not enough to hit my TP and was stopped out at 1.9732 (SL 30 pips) when it went back later again.

mqldev, let's do Linuxuser's method on EA. My gut feeling telling me that using today's open as support/resistance is a better consideration.
But we need to take the previous candle.
O 19608 H 1.9726 L 1.9601 C 19698

So, the bur order must be at 19726 +10/15/20 pips

SL and reverse must be set to 19608.

Cable goes up and activate the order between 1.9726/40 (depends on you) and then goes up anotehr 30/40 pips.

TS is the best for me. Then, cable goes down broken the open price resistance but they do not touch the sell order.

Thatīs what I mean the SL is too hughe. But I donīt follow the classic rules of risk reward just mentioned them. Personally I donīt believe in them.

Sometimes, the price activate one order to just come back in it way a lot of pips, and in some point to retake the way again.
You finish the day with a +30 pips but in some moment you were -60/90.

According to my rules, today (inside bar) none order was activated.

Just do the following test:

Go to expert window and activate visual mode.

Select Daily for TF.

Select every tick (super important)

Start with a template with the DSRS indicator.

Maybe you need to set the speed at full.

If Iīm not wrong the "every tick" option letīs you see how was the price behavior in the candle.

Make your own conclusions about winner and losers.

Just be sure to have reliable data.

Last edited by Linuxser; 01-20-2007 at 01:29 AM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #19 (permalink)  
Old 01-20-2007, 08:04 AM
maria77's Avatar
Member
 
Join Date: Oct 2006
Posts: 59
maria77 is on a distinguished road
Quote:
Originally Posted by Linuxser
Just do the following test:

Go to expert window and activate visual mode.

Select Daily for TF.

Select every tick (super important)

Start with a template with the DSRS indicator.

Maybe you need to set the speed at full.

If Iīm not wrong the "every tick" option letīs you see how was the price behavior in the candle.

Make your own conclusions about winner and losers.

Just be sure to have reliable data.
You were saying about Expert Window and Tick chart... and DSRS in full speed, I'm using MT4 for charting. Don't see any options on those. Can assist? Thanks for the explanation. The 10/15/20 pips buffer off the high or low could be good to prevent any fake momentum. I will try out with it.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #20 (permalink)  
Old 01-20-2007, 10:55 AM
Linuxser's Avatar
User Root
 
Join Date: May 2006
Location: Helliconia (Winter)
Posts: 4,410
Blog Entries: 56
Linuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond reputeLinuxser has a reputation beyond repute
This image could help you.
Attached Images
File Type: jpg IE.JPG (153.5 KB, 1164 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
Reply

Bookmarks

Tags
DSRS.mq4, candle


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Horizontal line help samjesse Metatrader 4 1 04-07-2007 07:29 AM
Horizontal Line at Bar Open trader79 Indicators - Metatrader 4 1 03-10-2006 03:18 PM


All times are GMT. The time now is 10:37 AM.



Search Engine Friendly URLs by vBSEO 3.2.0 ©2008, Crawlability, Inc.