10 pips / day (NBoP)

[Sweet Pip]

Originally Posted by neznau

Iam a begginer, and don't understand your set up in Filters, it is said "8%R (levels-80 -20 visible) over 13 RSI". Is this a set up for RSI? what is the numbers for it and what is % mean. Please help me to understand. Thank You

I think I can help here

This setup is for MT4, so if one is using another platform, you may not be able to.

The 8%R is the "Williams Percent Range" indicator. Add it to your chart and it will open a separate window. The parameters for it are a period of 8, (and add levels of 80 & 20 if they're not defaulted).

Then drag & drop the "RSI" (Relative Strength Index) indictor to the Williams Percent indictor window so that it overlays it (not in it's own window). The RSI period is changed to 13 (14 is default).

Conversley you could have an RSI window open and drag n drop the %R indicator into it ...doesn't matter as long as the two indicators are in the same window.

Take a look at PIPology's chart attachments and it should help visually. He also has a MACD in a separate window too.

I think that's about it.

[kgillis23]

Thanks, I appricate your assitance.

I am not using MT4, so I am unable to place the %R indicator in the RSI window. However, is apprears to me that the %R indicator values are still being generated off the price action and not the RSI - is this correct? Or does overlaying the indicators cause one to be basis of the other?

[kgillis23]

So, my approach to FX is to program "strategies" and then let them run on their own. Sometimes works, sometimes does not.

Anyway, to do so with the strategy suggested here I need a few more specific details.

1. What parameters are you using for your Regression channels?
2. When you metion the candle must be "above/below" the 2 EMAs and the Regression Channel - how specific are you. The entire candle, including the shadows, or just "most" of the body?

Thanks!

[Sweet Pip]

Originally Posted by kgillis23

Thanks, I appricate your assitance.

I am not using MT4, so I am unable to place the %R indicator in the RSI window. However, is apprears to me that the %R indicator values are still being generated off the price action and not the RSI - is this correct? Or does overlaying the indicators cause one to be basis of the other?

I believe they still give their own values as intended. Overlaying them just makes it easier to spot visually when they correlate in some way.

[PIPology]

Hello my friends,

Today USD/JPY gave 10 pips, but I was sleeping so I will be looking for signals on other pairs. USD/JPY like CAD/JPY is a smooth pair sometimes and when it goes in one direction it gives at least 50 pips, but I'm here to spot 1/5 of that movement

So, here is the trade that should give another 10 pips for today:



Candles broke the TL and RegChan at 5.30GMT so who was awake solved the "problem".
It happened at 7.30GMT and it took 25 minutes to reach target. Pretty good.

More movements are announced because EUR/USD and GBP/USD already formed a divergence on MACD.

Good day.

PS: At 8.00 GMT GBP/JPY gave a good signal also and 10 pips would have been made, but I let you find it

[forexwoman]

Can someone post template for MT4 please?

[jlmac27]

Originally Posted by Sweet Pip

I think I can help here

This setup is for MT4, so if one is using another platform, you may not be able to.

The 8%R is the "Williams Percent Range" indicator. Add it to your chart and it will open a separate window. The parameters for it are a period of 8, (and add levels of 80 & 20 if they're not defaulted).

Then drag & drop the "RSI" (Relative Strength Index) indictor to the Williams Percent indictor window so that it overlays it (not in it's own window). The RSI period is changed to 13 (14 is default).

Conversley you could have an RSI window open and drag n drop the %R indicator into it ...doesn't matter as long as the two indicators are in the same window.

Take a look at PIPology's chart attachments and it should help visually. He also has a MACD in a separate window too.

I think that's about it.

Sweetpip, I feel like a fool but how do you over lap indicators.I wasn't even aware you could do this till I read this thread.I don't seem to be able to drag anything....yourhelp would be apprciated,thanks,..goodtrading

[PIPology]

Originally Posted by forexwoman

Can someone post template for MT4 please?

If you can't build such a simple chart you will never learn. You can't take everything ready-made. Learn to build and you will build your own strategies in the future.

jlmac27: not all indicators can overlap because not all indicators have the same vertical scale. RSI and Williams%R work on the same scale (difference is one is from 0 to 100 and other from -100 to -0 ) Just click on the left side of MT4 on Navigator window, on Williams%R and drag it in RSI window.

Maybe this will be a good suggestion for Babypips administrators to introduce Indicators Overlapping method

See you Monday morning, I usually don't trade Friday and Sunday.

[Sweet Pip]

Originally Posted by jlmac27

Sweetpip, I feel like a fool but how do you over lap indicators.I wasn't even aware you could do this till I read this thread.I don't seem to be able to drag anything....yourhelp would be apprciated,thanks,..goodtrading

Hi jlmac27, are you using MT4?

[jlmac27]

yes I am sweetpip