Siro, please do NOT be such an ignoramus after you have been on this Forum for however long and if you have only joined recently, all the more reason why you should get yourself "up to speed" on all matters useful.

Paddyfx:

The MTF indicators DO repaint ONLY if you switch between TFs. AND the reason for that is very eloquently described in the beginning of this Thread by none other than the developer of the MTF indicators in the first place. I made it very clear right from the start, that you need a dedicated TF. I do not care whether Siro calls them useless, it is my bank account that matters.

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"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.

Amen Mister V!

This is a great, great system. I am in some ways indebted to ValeoFX for his generosity, even if in some way I've wronged him, he needs to know that - but that doesn't detract from this being a great, great system...but I do have to say that there are definitely definitely definitely IFs.

If...you know how to trade the market without any indicators whatever (eg using candlesticks and visible support/resistance) + perhaps some input.

If...you spend up to one or two years not giving up on it

If...you only enter trades based on your foundational knowledge of the market as mentioned in the first IF and not just because the system seems to be teling you so - or you will time and again get in too late.

If...you do not think that this system tells you what the market is going to do next and you don't need anything else such as looking at a 1 hour chart or a 4 hour chart, indeed a daily, weekly and monthly

If...you think this system will replace your brain and you won't have to use it any more

Otherwise it is an excellent concoction.

Valeo, can you share which broker you are using and your experience of withdrawals?

I think that it is fair to say the above. What this means is incredible, It means any trader can take this system (which I have studied for more than 2 years) and make money if their prepared to take the sacrifice of learning how to actually trade forex, not just learning the XO method. The XO method is an adjunct to trading and a method for trading (which I believe needs certain extra information) that will never leave my computer screen (1) for as long as metatrader continues to run.

What I have found is it is also an excellent system for staying out of the market. If my trade is going to be against the systm (and I have mastered trading against this system - it is so easy in fact)...then I check the system to see what it says. It is definitely worth listening to whether XO is saying up or down. It is especially amazing when you get in to a trade a lot before XO signals and then you can switch to XO and allow it to help you with both confidence, and exiting the trade.

Steve, I have NO bone to pick with you neither an axe to grind - seriously!

Thank you for this contribution. I do agree with you wholeheartedly especially when you say that you have better entries and yes, this is ONLY an ADJUNCT to trading, nothing more!

Any method should be seen as an adjunct and that the basis is to learn about what Forex-trading is all about. I am going to block this Thread for a day or two as I have more to say regarding the XO-method and what work I have done up till now. When I am quiet, it does not mean I am not working continuosly at improving this method, but I have been at the receiving end of some unscrupulous traders that took this method and made an EA which they sold on e-Bay and I just have an issue with such people.

Your contribution is much appreciated and so from everyone else. Let it just suffice to say that I made 70% more pips in August 2007 by comparing it to August 2006. ALL of that is due to an improved method and more about that will follow sometime today or tomorrow, but at least by Friday - that is a promise.

Finally Steve, I would like you to share your experience with your own method of trading with us. Please?????????

Best wishes to all.

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"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.

Thanks to NewDigital who posted this article in a seperate Thread and just in case you missed it, I have copied the posting in full and pasting it here for those still asking about re-painting. The Thread is here:

http://www.forex-tsd.com/indicators-metatrader-4/9542-repainting-indicators.html

Some people confused: re-painting or not re-painting?
It is very easy to check.
For example D1 timeframe. Attach indicator to the chart. Do you see arrow for 2 days ago bar? Close Metatrader and open Metatrader tomorrow. Do you see same arrow 3 days ago? If no so it re-painting.
Of course people are cheking with M1 timeframe and probable some pairs as GBPJPY or GBPCHF. D1 timeframe is bad example of course.

About MTF indicators (Multi Timeframe Indicators). Some people said that MTF indicators are not re-painting and they are right. The other people said that MTF indicators are re-painting and they are right as well. Because MTF indicators are re-painting open bar. Re-painting the open bar is not re-painting at all. But if we attach MTF indicator to the chart (for example, MTF indicator with H1 settings to M15 chart) so MTF indicator will re-paint H1 open bar on M15 timeframe, right? So, that is why MTF indicators are something different. All MTF indicators re-paint open bar as any other indicators.

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"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.

Can someone tell me please where can I download the indicators that i need for this system? I can not find them
Regards

As I understand there are 2 systems here.
Indicators were posted on the 1st post of this thread The "XO"-Method.........

1st system is on 1st post of this thread The "XO"-Method......... with description and settings.

2nd system: see first post of this thread XO_Method REVISED

I regret that I was unable to attend to this Thread in my normal regular way due to unforeseen circumstances. However, the latest indicators and Template is up from this afternoon.

Wishing you success, always.

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"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.

Some time ago, I read in the following Thread about Linda Raschke’s Video presentation on Trends:

http://www.forex-tsd.com/general-discussion/8003-how-use-support-resistance-effectively-41.html#402. Page 41.


I was so impressed with her presentation that I feel that all of us should look at this at least once a week until we are as familiar with it as she is and still refresh our minds every month. I take the liberty to summarise what she is saying in this presentation (it is by no means enough, you need to listen to it) in bullet-point form to serve as a quick reference:
• Trends have greater odds of CONTINUATION than reversal on ANY TF.
• A trend seldom reverses without warning.
• Trends tend to begin out of a LOW volatility environment. It starts slowly and then ACCELERATES.
• Momentum precedes price.
• Where the last DOWN-swing is greater than the previous UP-swing, the direction is changing. (and vice versa).
• Trends end in a CLIMAX, therefore the late stages of any trend, can be very dangerous.
• After a move to a new level, price winds back to an equilibrium level – when it breaks, it usually runs substantially.
• CONSOLIDATION is followed by a mark up and a mark down – cannot know for sure which direction it will break to.
• The longer the market straddles, the greater the potential move.
• Stops must be supported by Res/Supp-levels.
• The IDEAL divergence occur at the upper and lower Keltner Channels and tend to be 9 – 13 bars apart.

Best wishes.

__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.

I found an "innovative" approach to the use of the RSI-Alert in another Thread here at TSD:-

http://www.forex-tsd.com/indicators-metatrader-4/9520-rsi-alert-indicator-need-help-coders.html

Maybe you want to use it.

Wishing you continued success.

__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.