I don't know what to call myself, as I have been studying this forex market for 3 years, trading some real money but never jumping in with both feet, but seldom did a day pass that I wasn't watching the charts. 2008 is the year where I either prove that I can trade for a living or I have to go back to a job. I have set aside a decent amount to trade and that is what I can afford to risk. So far so good but my completely accidental stumbling onto this xo method almost seems like a godsend. I had settled on a system based mostly on the 50 cci and %r30. The xo system fits right in and is very consistent with what I have been doing for the past few months. I know of the risks and rewards of the GBP/JPY, stayed away from it for a long time, but have become somewhat "comfortable" with it, always trading fewer lots than I do on other pairs, so that I can deal with those large pullbacks. I don't believe you can trade it with less than a 50 pip s/l so I factor that into my money management. I watch it, the AUD/JPY and the EUR/JPY on one monitor and when they move in the same direction, there usually is money to be made. Of course, who would consider the Eur/Usd to be a volitale pair but how about that move earlier today--a 200 pip drop in about 35 minutes. There is no certainty in this market. I believe the GBP/JPY can be traded successfully if duly respected but I know of its ability to bite you in the butt at any time. However, thanks for any advice or guidance. I don't claim to be an "expert" but more like a graduate student attempting to prove that he can do it in the real world. So for you all who are proven successful traders, post up and an all advice--it will be greatly appreciated.

JoeSDF's slogan "A trader's greatest enemy is boredom" is so true to me. That is why I love this method being based on the 5 minute charts. I drive myself crazy waiting for even 15 minute candles to close. I had been told by so many people to never trade the 5 minute charts but I have always been drawn back to them. Maybe the its the boredom thing that makes the GBP/JPY and other JPY pairs so appealing--they move whenever they feel like it and as long as I am ready at the computer, they can give me some pips and keep me from boredom and distraction.

I have been watching the GBP/JPY on three different metatrader platforms this morning, one live and two demo. Royal and FXDD are showing similar xo bars but my Alpari demo gave me red bars on the XO2 (240) when the bars remained green on the other two platforms. I just set up the Alpari platform today. Could that be why it is different? Other ideas or thoughts?

Hi ValeoFX ;
Thanks for sharing for your system. Even though, I don't understand your system.. Maybe later I will study. I just attached an indicator based on your statement above. I hope you like it

PS: I just update the file!! Now is correct!!

Attached Files

RsiCrossing.mq4 (1.7 KB, 99 views)

Sorry there were bugs in the indicator. I attached the new one.

Attached Files

RsiCrossing2.mq4 (1.8 KB, 135 views)

Hi Valeo,

In a recent post, you attached a picture with some experimental indicators. Can you attach the absolute latest template and indicators to the first post please?

Thank you if you can do this. And thank you anyway for a huge amount of work in helping others.

The post was: XO_Method REVISED

Hi guys,

Thank you for keeping the Thread "alive" during my absence - especially Big Joe............

Also, for the good wishes regarding my Mom. She has improved remarkably and for now at least, "out of the woods". Again I appreciate all the good wishes I received from so many of you. It is much appreciated.

Let me start by telling you that through the magic worked by Mladen, we now have a stable MTF_XO!!!!!!!!!!!!!!!!!!! I am deeply indebted to him, but also to Big Joe who helped testing the offending culprit until we finally had the correct one. Joe, you are a star. I appreciate you very much and you know it. I attach it here for you so that you can start using it immediately. I will update everything this weekend even if it takes me the entire weekend.

Thank you for being patient with me during the past few weeks. It is good to know that the Thread will not die in my absence and that is a healthy sign.

The updated Template will also follow, but not right now as I have to first get #Post 2 and 3 sorted out please.

Best wishes.

Attached Files

XO 4TF score.mq4 (8.1 KB, 365 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.

BTW guys, the reason for the "score" attached to the XO, is that Mladen did not want to get confused. So I suggest that you remove any XO_MTF that may confuse you or your MT4, and clean-up the name for yourself. Nothing sinisters about the name.

Mladen, once again my sincerest thanks.

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.

Thank you Spoof for this indicator. Much appreciate your willingness to help us achieve success.

Any of you other guys tested this? And what are you thinking? Please let me know. Joe, if you have tested, please tell me via PM.

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 Steve, just a little more patience and it will all be revealed. Thanks.

__________________
"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.