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please go to post 305 and read it. On 1 min chart use the ChandelierStop60min(together with chandelierStops_v1) Indicator I attached, set Williams' Percent Range to 90 periods and write what you are thinking about the TPs in Post 305. Simba will continue this thread, be patient KptMisiu |
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Fred
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Please post a pic of the screen that you got and I will help you to correct it.. To post a pic,just go to Mt4 and file/save as picture(preferably.gif)..you screen. Regards Simba |
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Okay, I just figured it out! For the indicator XPMA, the "step_period" setting default value is 4 and should be changed to 1. Now the red/yellow/blue trend change location matches up with xpma_v3satl location. Regards, Eric Last edited by ericbach; 01-15-2007 at 06:05 AM. |
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New Signals Monday 15 Jan+ericbach
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Ericbach:Glad to hear you found the problem..SATL is responsive and consistent so,you do not need to filter additionally with steps.. Everybody:there were several new signals,on 1M Tf ,one tonight and 2 during this morning,around 08:23 to 09:10 GMT..depending on which you took ,you should be long Gbpusd at around 1.9595/1.9600..I took the first "european morning" @1.9600,only half my usual position since Chand was more than 50 pips away,exited at 1.9657(once we passed the resistance2..so I did a 50pips TP(with an extra.. )..personal reasons why I took this TP are:first that we started this "uptrend" the past Monday,and these kind of 4H uptrends tend to trend for approx 1 week(from 3/4 days to 3 weeks..but the most frequent period is approx one week),second:today is Martin Luther king day,so,we will have the usual noisy volatility related to very light trading-theoretically -in the European afternoon..and third that my SimbaConMan indicator,applied as an analysis tool in the 1h tf,tells me that,for the moment,this run can be temporarily over..see pics.It is very probable that we can have additional signals today,on the 1M tf,but for the reasons explained before,I think it is more prudent to avoid taking them,and stick to the 5M tf..also take care if you see that the price goes near or below the BLUE SATL..I have seen many Monday to Friday/Monday,or Tuesday to Friday/Tuesday 4h trends,so,on the back of my mind there is the possibility of a reversal today or tomorrow..which we will trade only if confirmed by either the SATL,or the Chandelier alternative strategy that KptMisiu is trying as per previous posts. Theories,feelings,hunches are good,as long as you do not trade on them and keep trading the hard signals... ![]() Regards Simba Last edited by SIMBA; 01-17-2007 at 09:02 AM. |
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ENTRY ON 5M Tuesday
Hi everybody,
Tonight we had a successful entry on the 5m tf,it was late night,and I didn`t take it...Please see pic. We have had several successful1m entries,but ,as I explained yesterday,the situation,with price below/near the SATL,and related analysis showing the possibility of a temporary top,suggests that it is better that we keep on the 5m tf. If price breaks the Chand,while SATL still blue,we can have the interesting situation of having the possibility of trading both sides..as a trading range strategy..would you do it?This is why I suggested KptMisiu to play with the Chand..What happens when Chand and SATL are opposite?Can you play both sides of the%R?If yes..on what tf,1M,5M ,and..where do you put the stop?Should you wait for an alignment?..Why don`t you play with the Chand so as to know the answer before the situation arises? Try it..and enjoy it Simba |
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Wednesday 17 Jan+erichbach
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SIGNALS:NO SIGNALS,as I mentioned,in this situation-price below blue Satl- it is better to work on the 5m tf..but as per the rules,if Chand and Satl are in opposite directions..we do not trade..there was an invalid signal yesterday afternoon(would have worked..again) cancelled by the Chand position..again. We are receiving a lot of info from this kind of contradictory signals about market situation,so,at least we get something from the market .Please see pic.Erichbach:Good question,do not range trade..just wait..and you can invest your time by checking in the near past what happened when we had a similar situation of opposition between Satl and Chand..would the signals-taken as range trades,both sides,just the %R-have worked?in what tf?..then please post your comments,but for the moment,when Chand and Satl are opposing..do not trade..and when they are not opposing,but price is below blue Satl or above red Satl..just use the 5M tf..use the 1m tf only when everything is postal card perfect..ie: price above/below blue/red Satl and Chand in agreement. Take special care today..we have 3 different"USD" events concentrated in time from 14:30 to 15:15 CET..PPI,TIC,IND Production...and then we have the decision about Japan rates,no fixed time but around 19:00EST..this latest can create lots of noise today in the USD trough USDJPY trading Enjoy Simba |
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Hello simba
Here's what my chart looks like. Forst I stated with blank chart, then added you simba template which gave me W%R at the bootom, nothing else. So I then added the MTFxpmv2SATL then SATL, then xpmav2SATL. Basically these last three indicators painted over the top of each other. I get not colour bar at bottom, or Zig Zaggy colour coded bar over price. Here's my chart as you requested: |
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Fred
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Hi Fred, I attach the template and list of related indicators. The 3 Satl paint over each other because they are set,by default, at 0 tf(if you set the MTF one to 240minutes you will see the ZigZaggy),in my template(set at the right tf) you only need the MTF one,the others are for call functions by the MTF...so,you need them compiled in your platform.. but not in the chart ..Anyway,I think it is better if you do the following.....Bottom line: Unzip..then extract the template to MT4/Templates..then extract ALLthe indicators(even if you already have them) I post here to MT4/experts/indicators..then compile the indicators..then open a GBPUSD chart,5M tf,then JUST OPEN this template..and you should be set..If,after doing the previous steps you still have problems..try to close and then reopen your MT4 platform..and,if you still have problems..please inform and I will try to help..and,if you are set,then inform too and I will post this set into my first post ,so that the latest versions are grouped in one accessible place. Your chart should look like the pic below.. Regards Simba |
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