Today’s up move on the fiber was mostly done by the time I got to my charts at 7 AM EST, getting up at 2AM to catch the London Open is just too ridiculous for me. However, at around 8 on the 4 hour I got a long signal using this system (since there were no ICT long signals during that time) and took it. I only shot for about 20 pips, seeing as we had already fulfilled the ADR, but I got them. It was nice to win on my first trade, and it broke my losing streak. I’ll definitely keep trying this system, though I saw a short form at the 9 AM candle on the 1 hour that would have yielded more pips, so I can see why BigE uses the 1hour for the New York Open.
Hi great thread, I can’t get the TDI indicator in to my indicator list. I am new to mt4. Just opened a demo to try this method.
Thanks.
I don’t like to steer readers of this thread over to FF & “Trading Made Simple by eelfranz” but in my opinion there are two very important posts that recently appeared. Must reads. 1st is Post #10349, pg 690 by Phx62, an excellent reminder that this is Trading Made Simple. And 2nd, Post #10357, pg 691 by dcginc. He or she has made many important observations but this one is great. d
After reading Phx62’s excellent post at FF (# 10349 on page 690) I took a closer look at what time the high or low normally occurs. I colored my charts from Lond open with an overlap in to US open, and found that most days the high or low of day happens 1-2 hours after the overlapping period. This is really good information from Phx62, and worth taking a closer look at.
This strategy may well pander to my stupid need to occasionly scalp. I didn’t see any good setups on the 1H or 4H TFs this am and since I had to leave at mid-morning I “scalped” the 15M. At 08:09 cdt I bought the $/cad; got 18 pips. I could have garnered another 10-15 pips if I could have stayed around but I’ll take the +18 any day. At 08:10 I sold the A/$ but it starting hooking shortly thereafter so I only got +1. Kind of fun but the 1h & 4H should be the main TFs to trade. d
set up on eur/jpy h1
enter on close of bar at 00:00 GMT (20 mins)
tight s/l below recent low and pivot at ~110.15
let me know what you guys think
I will pass on that trade. I dont like to trade this late, and the triggerbar is (at least on my chart) a inside low volume bar. Maybe I will miss a good move, but no trade here for me. Good luck 
The trade was good. Woke up this morning to +60 pips. 110.35 buy, sell at 110.95.
Tight S/L allowed me to increase the lot size, so it was a very profitable trade.
Will upload pic soon
hi, i have been reading this thread with great interest. i have just started demo trading and i have 2 questions.
- how many pairs do you guys watch and what are the pairs.
- once the lines in TDI cross each other, do u buy/sell on the next hour or on the current candle.
- when is a good time to switch ur stop loss to BE?
I have a sell stop at 1.44360 on the E/$. If it doesn’t trigger in an hour or so I will cancel as this pr is a little uncertain for the past few days. Come 9am cdt I will scan the prs again and if nothing looks promising I will close up shop for the day. As was pointed out over on FF if you make just 2 trades a week, get +2% on each trade, that is 16% a month. I don’t have to trade often, just smarter.
edit: my sell stop was triggered and it closed at +47 pips, the exact ATR number. I actually entered on the 3’d candle but it was the 2nd candle after the cross. The 1st was a very tiny pin bar but the TDI had not really crossed, just touched. Not 2% but I’m happy. d
If I follow the rules this stratgy WORKS! I had 2 trades on the 15, 1 on the 30M, and 1 on the 1H for a total of 66 pips. A very good morning for me as it beats the crap out of yesterday’s +19. Hope you all are doing well too but
FOLLOW THE RULES. d
HI Guys - been following this thread for a while now and just wondered if anyone knows if there is a version of this tdi indicator not meant for MT4 as i dont use mt4!!
Thanks
What kind of platform do you use? I have programmed it for NinjaTrader
I think its java based - its an fxcm platform but IT was never my strong point!!Does that help??
Thanks for your speedy reply
Sorry, can’t help you there.
I got +28 on the E/gbp at 07:04, 4H TF. Nice easy trade and as the lower TFs starting going down I got out. BUT I lost -20 on the gbp/$ 2 hrs later on the 15M TF. My mistake was not monitoring this shorter TF. I did set TP & SL but if I had caught the tdi hooking or going flat I might have around BE. The 15M trade should be watched closely, the 4H allows me to have some toast and coffee. d.
edit: I got a little back with the $/Y on the 1H. +16 for the morning and I’m calling it a day. good luck all
Hi CunningStunt
I attached the TDI indicator (TradersDynamicIndex.txt) and a TDI indicator analyzer (AnalyzeTradersDynamicIndex.txt) that can be used with the Marketscope Charts from FXCM’s Trading Station platform (windows-based platform).
The steps to load the indicator to Marketscope are:
- Save the attached file as “.lua” file.
- From Marketscope, select Add Indicator.
- From the Add Indicator window, select, “Manage”.
- Select, “Load” and load the .lua file.
- Scroll to the bottom of the Add Indicator window and located the indicator under “Other”.
- Select the indicator and load.
Please let me know if this helps or if you have questions!
- Jason
hi Chinoc,
I will take the Ninjatrader, if you have already programmed it and would not mind sharing. Thanks.
[QUOTE=melindian;276271]hi Chinoc,
I will take the Ninjatrader, if you have already programmed it and would not mind sharing. Thanks.[/QUOTE]
Here you go.
For install to NinjaTrader:
Save the Zip file to your desktop
From NT ControlCenter, click File -> Utilities -> Import NinjaScript
Regards
Chinoc
This looks awesome. Thanks a lot. Cheers.