Ok, now I got redrawed to the next bar, notice we still dont have any swing low of any bar, where I would actually take a short.... cheers Walter.

Attached Images

yen 2.gif (29.0 KB, 2976 views)

Hey guys, if you enter a short with a stop 20pips from last high and are stopped out but next bar has another short entry + zigzag line so meets entry criteria would you open another short ? Thanks, Lee

usd/jpy,eur/jpy,gbp/jpy H1 all having short signals, but were stop loss. The more decent signals todays is gbp/usd, which h1 and h4 both generate buying signal when pound fell below 2.02 and now is 2.0369, easily 200 pips. Maybe i will stick to enter when both h1 and h4 are having same signal.

Hi everyone,
Just something to note. I placed an 8,3,3 stochastic oscillator at the bottom and it can predict/confirm the arrow set up. I.e. if the stochs show the market is oversold, watch for the buy arrow to appear (or it will confirm the arrow), or if the stochs show the market overbought, then look for the sell arrow to appear (or be confirmed). The only setttings that you want to change before you place them on the chart are the following:

%K=8
%D=3
Slowing=3

All others should remain the same. Hope this helps. I know the tendency in these threads is that the longer they go, usually the more complicated they get....I may have just complicated this...so take it with a grain of salt.

Pip Meister

Okay Walter, have you pulled the trigger yet!!!

Use an entry indicator on the period your using or enter on a lesser period.

So if your entering on 1 hour use a 1 hour entry signal or a 15 minute. I use a 15 minute signal from FX_Sniper's_Ergodic_CCI_Trigger.mq4

...and on 4 hour charts I enter using 1 hour signals from the indicator.

Then if you get stopped out its your decision to reenter on the next entry indictor signal or wait for a whole new setup. That's a money management decision each of us has to make for ourselves.
Hope I don't sound preachy cuz I'm talking to myself as much as to anyone.

just wondering can it be use in daily? what is your recomendation about the TP and SL in daily...
thx

Shoot! Just got stopped out of shorting the GBP/Yen for 28 pips.

I was following the Bigbear indicator on the one hour and entered using Fx sniper on the 15min. If I had used Fx sniper on the one hour I still wouldn't be short. The secret is only taking the Fx sniper signal at the instant a new candle starts. The one hour Fx sniper says short the one hour now but it won't be legit until the instant the next new candle opens.

Heres another Ea to manage your trades, you input a trailing stop amount and a step amount so it will constantly progress your trailing stop at set intervals, also has an audible alert. Simple and effective.

Attached Files

e-Trailing.mq4 (3.0 KB, 582 views)

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