The blue arrow is under the current candle.

The chart was open for probably 3 hours. The one thing that I noticed which is kinda wierd, is that if I open up a chart, the XO's will be totally incorrect. If I reapply the template then they will fix themselves, and be correct. How long do the charts have to be open for it to calculate correctly? Why would opening the chart yesterday have any effect on the current readings?

Thanks
Tim

Hi Joe,

As long as you do not change the TF of your chart, your charts will remain perfect. The only problem comes when you close the MT4 and re-open it again or if you flip between TFs.

Even if you have a power break of 4 hours, as soon as the power comes back on again, the charts update correctly.

Hope this helps. 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.

Hi Tim,

Let's say that you close your MT4 completely on Friday night and restart again on Monday. When you open the charts, you obviously use the Template to call up what you saved on Friday. As the charts start running, they give you correct readings immediately and for you to see whether the trade is on or not, does not take any significant amount of time at all. The reason being that the indicators are that good that they will give you the correct reading "in the now".

If you open the chart yesterday then everything is in the "now" when you get there the next day - mine runs 24/7 except when we have power outages and that messes my research some time. However, it is also good so that I can see whether my basic indicator that I am researching is good enough even when I have to restart.

Because we use MTF version(s) of indicators, by either switching between TFs or closing and re-opening a chart, will naturally give you the reading of the closed candle on the higher TF.

Trust this meets with your approval.

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.

Tim, I am sorry for having missed the "arrow" - that is part of the Murrey Math indicator's calculation routine. You do not have to ever worry about it.

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 attach here a screen-print of the latest Template of the XO-5m method for your convenience.

Also the Template and 3 indicators that Dimitry and my friend DayTrader very kindly constructed for me. Two of these indicators are for convenience sake and has assisted me very much. Some of you have tried them out with me and I had no complaints from anyone.

So, here is what you need to do, before I place them onto the first Thread and the description "disappears" among the rest of the instructions:

1. Replace the excisting DoublecciWoody set for the current M5 TF, with the Z_MTF_DoublecciWoody set @ 60m and 13/5 (Default). We only trade whne this indicator tells us the direction!!

2. Pull a normal CCI-5 over the first one so that you can see when the M5 TF is overheating.

3. Add both the CCI-5 and CCI-13 Alerts to your TF so that you can visualise on the candles when the overheating occurs.

If there are any questions, feel free to ask please.

Best wishes.

Attached Images

tsd latest template.gif (42.3 KB, 517 views)

Attached Files

	#CCI_ALERT_VOICE-5.ex4 (2.8 KB, 115 views)
	#CCI_ALERT_VOICE-13.ex4 (2.8 KB, 110 views)
	Z_MTF_ DoublecciWoody.mq4 (6.0 KB, 138 views)
	TSD_FORUM-XO Trading.tpl (108.2 KB, 149 views)

__________________
"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.

Valeo, may I ask - from what I can see, this method seems very mechanical, so in essence, it should be possible to code an EA for it. Although I appreciate it's rather a daunting task, because there are so many variables.

Anyway, just wondering, have you ever given this any thought? I would be happy to help in the funding of the development costs. Your methods looks very sound.

Keep it up dude.

__________________
Ash's Signals

Thank you for your kind words fxmoments, I do appreciate it very much.

To tell you the truth, I was well on the way to developing a workable EA, when the developer ran off and sold it on e-Bay before it was completed, much to my disgust to say the least and I warned everyone on the Forum about what happened.

Since then I found another great coder, but we just were not able to get it to work the way I want it to. All I am after is just the automatic entries - I can handle the exits very well. The last EA we tested did very well and was probably 80% better than the one sold by that unscrupulous biggot who ran off with the first attempt. BUT it was not good enough to offer it to anyone.

Sadly, this trader/coder is now leaving for another country and I am back to square one, so to speak. having said that, I have not stopped developing the idea and when he comes to visit I will try to get him to understand the proposed changes to the EA and hopefully we can be successful from there.

Thank you for the offer of funding, but I have now seen that one needs to be with the person who does the coding so that he can understand what you are thinking rather than writing waht you mean.

However, I will keep you posted on the developments. I have already another trader who very kindly offered that I could use his team to analyse the completed EA before releasing it.

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.

May the Christ of Christmas be real to you and your family tomorrow and may 2008 be a year of progress and peace.

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.

That is an absolute disgrace, how a coder could do that. That is the problem with presenting your idea to a coder who you don't personally know.

As for the method itself, I will study it in more detail over the break, this XO indicator is very intruiging.

Thanks Valeo.

__________________
Ash's Signals

Merry Christmas Herc!!!