Multi-Time Frame Trend Trading

[RenaLa]

Good morning everyone.

I’ve been away from trading for the past almost 2 weeks and this weekend got caught up on Tymen’s thread and than moved to this thread and I’m almost done with it.

For those of us using GFT Dealbook 360, when considering scaling in using the 5 unit method explained here…Dealbook averages your entry price:mad:

What that means is that when you enter a 2nd unit at +15…you do not have 1 unit at +15 and 1 unit at 0. you have 2 units at +7.5.

When you close your 1st unit at +30 from your orginal enty you will have given up 7.5 pips + spread. Thereby only bagging about 20pips vs 30pips:(

When you enter your 3rd unit…dealbook avg’s that in with your current open position and you lose more pips again…and so on.

I have not thought though yet how to overcome this obstacle.

Thanks
Jack

Hi Jack B PIP,
why you so mad about it?

just go to Select symbol then open CDF folder pick the pair from CDF folder
and choose the pair with cdf extension

[hachiko]

You should put it in the “indicators” folder.

Done.
Now its working fine. I’ll just add my other 10 pairs and recompile.
Thanks Mr Cat

[ninety9]

Here’s an MT4 indicator that calculates Graviton’s trend counter on 10 pairs at once.

Enjoy

Thanks, appreciate your work

[Graviton]

After I did my post of 65 pips, I took long for AUD/USD trying to use Graviton’s method of trade management.
I was adding new entrys at the fibo level of retracement, deeper retracement more pips at the top
you wont to belive - another 50!

So you made 115 pips total? Hey! That’s great! The 5 lot system may take a bit of practice, but it’s definitely worth it. If you just open a demo and take lots of random trades to practice it and carry them out to completion, you’ll be the expert in no time. If you make 65 pips using regular methods, you should make about 100 using the 5 lot system, with no additional risk to your trading capital. Practice practice.

I have noticed you have a good eye for chart reading. Your pair analysis last weekend was very accurate and detailed. The most important factor for this method to work is to find a pair that is trending well. So you have an advantage on that. Will you help us this weekend? We plan to take one or two pairs each for analysis, then discuss and summarize. There will be an additional twist added in this weekend though. At least one sentence of fundamental analysis will be required. It’s easy, you can copy and past from any Forex website. Plagiarism is encouraged in our analysis

[RenaLa]

Try downloading again from the original message. I turned off the auto-formatting of the pairs. So you can try entering pairs as uppercase, lowercase, with a “/”, without. See what works.

I did everything, dont work

Would you(NorwegianBlue and IronHeart) consider to combine two codes together for one Indicator? ah ?

[hachiko]

@RenaLa

I did everything, dont work

Would you(NorwegianBlue and IronHeart) consider to combine two codes together for one Indicator? ah ?

RenaLa,
It should look like this when it is running. (I added another 10 pairs and put it in alphabetical order to fit in with my Oanda trading screens).
hachi

All thanks to NorwegianBlue

[RenaLa]

So you made 115 pips total? Hey! That’s great! The 5 lot system may take a bit of practice, but it’s definitely worth it. If you just open a demo and take lots of random trades to practice it and carry them out to completion, you’ll be the expert in no time. If you make 65 pips using regular methods, you should make about 100 using the 5 lot system, with no additional risk to your trading capital. Practice practice.

I have noticed you have a good eye for chart reading. Your pair analysis last weekend was very accurate and detailed. The most important factor for this method to work is to find a pair that is trending well. So you have an advantage on that. Will you help us this weekend? We plan to take one or two pairs each for analysis, then discuss and summarize. There will be an additional twist added in this weekend though. At least one sentence of fundamental analysis will be required. It’s easy, you can copy and past from any Forex website. Plagiarism is encouraged in our analysis

Oh Graviton, its pleasure to hear
I wish to help, I really do. More than that I would like to participate
only I need to figure out what I’ll do at 3 pm. I think 3pm its deep night overhere
btw at 3mp eastern time?

[Merchantprince]

Grav, if you are still a body short I would be available to do trend analysis for a couple pairs, as well. I am working on a laminated chart that I’d like to practice with, using a dry erase marker to fill out TF boxes similar to an Excel spreadsheet.

[RenaLa]

RenaLa,
It should look like this when it is running. (I added another 10 pairs and put it in alphabetical order to fit in with my Oanda trading screens).
hachi

All thanks to NorwegianBlue

Looks pretty, instead of it …;

I have only one number “0” for each pair.
The labeled pairs dont have colors, they are in black

[ninety9]

Changing the font size in MQ4 to 8 and recompile worked beautifully:)

[hachiko]

Looks pretty, instead of it …;

I have only one number “0” for each pair.
The labeled pairs dont have colors, they are in black

Do you want my mq4?

[RenaLa]

Changing the font size in MQ4 to 8 and recompile worked beautifully:)

it didnt change anything, only labels are now smaller
hmm

[NorwegianBlue]

Is your broker 4 digit, or 5?

[ninety9]

I could not read the numbers in front of the (ObjectPair) so I changed the font from 10 to 8, recompiled and voila.
Looks like everybody has some different problems but then NorwegianBlue did it all for free. Small price to pay. Thanks NB

[ninety9]

Alpari UK is 5 digit

[RenaLa]

Is your broker 4 digit, or 5?

NB, what are you talking about? what is 4 or 5 digit broker?

what is your code for 4 or for 5.
If you did for 4, then there is no other option then 5
just tell me what should I change please

[ninety9]

Darn NB did not think of that, could that also s#$@ up indicator count?

[ninety9]

Some brokers have 4 digit behind the main number, some 5, 1.5463 versus 1.54638

[RenaLa]

Some brokers have 4 digit behind the main number, some 5, 1.5463 versus 1.54638

Oh, I see
My is 5 digit

[ninety9]

Mine is also 5 and the indicator shows different. I also have InterbakFX as demo and just checked there, different numbers between 4 or 5 digit broker. GBPUSD 5 digit broker -1; GBPUSD 4 digit broker -4 at the same time.