The Cowabunga System

Thanks for the Kudos! Getting the 4hour indicator on the 15 minute chart was a challenge but a great learning exorcise:D

As for the email, make sure it is set up correctly -> “tools”, “options”, “test”.

I have it set so it only sends one email and then ignores any new triggers until the indicator is reset. I hate spam, (even spamming myself!). You can change this however by removing the “Send_Mail=false” line near the end of the code.

It seems to follow pretty closely Big Pippins with the rare difference explainable by different broker feeds having slightly different price values thus affecting the indicators. However remember that this system is really a training exorcise and you should never blindly follow any system that isn’t well understood. So always display the cowabunga indicators on the chart and visually confirm what my indicator is telling you.

I won’t be trading with real money until I have seen this profitable over at least 6 to 12 months. (My innate skepticism insists it won’t be)

Enjoy:D

If you know the correct email address, you can also send these messages to your cellular phone. Here are the email addresses for the 6 most popular cellular phone carriers:

  T-Mobile: <[email protected]>
  Virgin Mobile: <[email protected]>
  Cingular: <[email protected]>
  Sprint: <[email protected]>
  Verizon: <[email protected]>
  Nextel: <[email protected]>

  where phonenumber = your 10 digit phone number

Only for thoes who love to live dangeriously~
I only enter a trade with a tiny Lot size .25c each PiP!
Now if the trade goes SOUTH! EEEeee!!
wait untill it reaches MAXIMUN! -Then…
No worries… I multiply the trade by 3 or 4 times (Still only $1 Buck a PiP)
if the trade is between -40 to -60 minus then this will bring it to -12 – 15 Pips minus…Some times I multiply on the same day or pay the Roll-Over Fee then multiply… Re-set my Limit to 8Pips…close up and open in a few hours time 60% of the time I am *8 pips richer…If still no luck…wait untill maximun loss then double up again…(Now 2Bucks a PiP) re set your Limit to gain 8 pips…and close up for the day…now your trade is 24 --to 48 hours old…and you should difinatly of got your 8 pips…No guarentees …but it works for me…small bids win the day!

I like your indicator because it can alert me, while I’m sleeping, to check over all my indicators manually before entering a trade :slight_smile: . I would never rely solely on it to place trades but it can help to prevent waking me up on false moves. It is also a good learning tool to learn how to write scripts of this nature. Thanks for your efforts & Big Pippins system of course.

This may sound strange but ever since I started learning FX I can’t wait until the weekend end. Everyone I know thinks I’m crazy but it’s a good addiction in my opinion.

Mcprant, where was your post when I needed it :slight_smile: . I spent a long time trying to find Tmobiles email address but I did get it to work and my test email works great. What sucks is that you have to set up your POP3 account on your local machine before it will work.

Oops, I have to stop getting off topic since this thread is meant to discuss the system!! Sorry BP.

Topgun

As well as the GBP, I am going to Cowabunga…EUR/J…:smiley:
All next week…should give me more trade opps.

Made $100Bucks last Thurs & Fri…with only One Buck a PiP!
However, I do enter with the DiNapoli Predictive MACD suite $120 a month Aussie)
On the 0ne & two minute chart…
This gives to the second when to enter…Cow-a-bunga!

On the 35 Min chart I have the DiNapoli 3x3 MA and the 10 MA
as it is spot on for break outs…:eek:

B’ cairfull of the big ‘M’ and the big 'w" as this is the cunning head fluke 2 take your Bucks":mad:

I love the Cow-a-bunga…I recon, it works…:cool: .
TADfx

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Another trader gave me this site to set up your own custom SMS alerts if your broker doesn’t provide that service for you, this is a free service. You can set up the alert for any MA cross or several other indicator signals.
I am finding it really helpful to wake me up for the 5/10 cross, which seems to mostly occur in the wee morning hours. Yawn.

alert!fx™ - foreign exchange (forex) alerts.

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Thanks for this link. I’ll have to check it out because I am having no luck with the indicators for MA crosses.

The cowanbunga indicator emailed me fine last night. The first one got stopped out but the second was right on. And yes I manually confirmed the entry which was right on :slight_smile:

BP, can you tell us more about your discretionary exits? For example what constitutes a “Clean break”?

Hi ppl,

Another question for BP. Which major US and UK (if any) announcements do you exit your open trade ? If you can kindly provide us with a list that’ll be great.

Keep up the good work.

Pacifier

A clean break is when the price just doesn’t touch a level, but rather, it breaks through it. It also is a clean break if the price can close higher/lower than your target. See today’s post for an example.

NFP is one and interest rate decisions is another. There aren’t too many announcements that I’ll exit before, but those 2 are big market movers so I tend to avoid those. It’s all in context too. If I see that a certain report has been getting alot of buildup then I may stay out at those times as well.

So if I understand you correctly, you don’t set a take profit when you open a trade but rather you watch the trade as it progresses and if a bar [B]closes[/B] passed your goal, you then move the stoploss to the take profit level and continue monitoring the trade. Does this sound right?

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B.P. what is your trading schedule like, what time do you start and end your trading, what other things do you do when your trading, for example do you stare at your computer all day and wait for your signals or you read varies forex reports, ect. and where are you trading from the u.s. or europe. :confused:

Thats correct. I watch it when the price gets near my target to see what the price action looks like. If theres a clean break I hold. If not, I close :slight_smile:

Hi pipinator,

You might want to take a peek at the Cowabunga FAQ.

Your question and perhaps any other questions you may have are probably answered in there :slight_smile:

Happy trading!

BigPippin, last night a signal formed but you said because of the news candle you didn’t take it but I also read somewhere you saying that you will take a signal after a news candle. When exactly do you mean you will take a trade after a news candle? After the candle finishes and crosses or if the second candle crosses? Last night seemed like an incident where a signal formed after the news candle was finished. I’m a bit confused by this. Your clarification would be appreciated :slight_smile:

For example: TIC data comes out at 9:00 am ET. Therefore we wouldn’t trade the 9:00 am ET candle. However if the 9:00 am ET candle didn’t form a signal but the 9:15 am ET candle did, then we could enter the trade.

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oh ok, thanks for clarifying BigPippin :slight_smile:

By the way, with XTICK, how far back of data can you see with the 15 min chart? On my metatrader platform with my broker, I can only go back as far as June 2006. Does XTICK allow you to view 15minute charts beyond that point? Also, is it easy to set up email alerts with them? I have been doing tons of manual tests to optimize my exit strategy and seemed to have found something stable but I need to go back beyond June to get more data. Thanks BigPippin

Thanks, this will definitely be useful.

hos do i install indicator on the mt4 platform. it is in zip file.

tks