The finest in trend trading

[tymen1]

Tymen

I did look into the aspect of normalising the calculations last evening. However although this produced a graph that was in the same range for all currency pairs, it completely messed up the entry level line values.

Don’t worry about that - I will fix it!!

One thing that it is important is the value of the entry line and knowing that you are producing figures for different time frames there is no point in me following this idea further.

I am going to deal with this.
Please stand by.

It would, in any event, mean that IronHeart would need to change his indicator and the followers of MT4.

I am going to test your new version, set the input parameters correctly, then ask [B]IronHeart [/B]to redo his MT4 version!!

[dpaterso]

Tymen,

Do you ever sleep??? LOL!!!

Just ‘stopping by to say hello’ is all.

Regards,

Dale.

[IronHeart]

hi,

do i supose to change something in it ?

thanks in advance

Hi Bradu,

Can you tell me which broker you are using, so I can download the demo, test it and find a solution.

Thanks.

[bradu75]

hi,

forex.com is my broker

thanks

[tymen1]

Tymen,

Do you ever sleep??? LOL!!!

Just ‘stopping by to say hello’ is all.

Regards,

Dale.

Greetings, my old friend [B]Dale, Honorary FX Member!! [/B]

Yes, I do sleep, but there is lots of work to do!!

For those of you who do not know, [B]dpaterso, Honorary FX Member[/B], he is the 2nd longest serving member on this forum after [B]Rhodytrader, Honorary[/B] [B]FX Member.[/B]

[tymen1]

OK, I have finalised the new Slopemeter code.
The new input pipdiff = 1.5.

This is now the [U]default value[/U] for all 15 min pairs, and is changed from the original value of 3.

All the credit for designing this new version goes to [B]Ken DoubleU.[/B]

He is becoming a giant here in a very short time.
Thanks heaps for the help Ken!!

So now, [B][U]please delete the old code[/U][/B] and instal this new one…

---

indicator AA_BB_slope_meter ;

input pipdiff = 1.5;

draw zeroline(“zeroline”, solid_line, black,2),
entry_long(“long”, solid_line, green,2),
entry_short(“short”, solid_line, red,2),
res(“slopemeter”, solid_line, blue,2);

vars i(number), avg(series), pip_fctr(number);

begin
if close[back(close)] <10 then
pip_fctr := 0.0001
else
pip_fctr := 0.01;

zeroline := makeseries (front(close), back(close), 0);
entry_long := makeseries (front(close), back(close), pip_fctr * pipdiff );
entry_short := makeseries (front(close), back(close), -1*pip_fctr * pipdiff );

avg := sma(close,20);
for i := front(close) + 20 + 1 to back(close) do
res[i] := avg[i] - avg[i-1];
end.

---

[B]END OF POST.[/B]

[tymen1]

Now over to you, [B]IronHeart[/B]!!

Could you now make a MT4 version of the above code?

There are only a few extra lines to the code so I hope it should be very simple for you to do.

[erikskenne]

Looks like we had our first ever chat crash, which is weird. The site is still up.

[I]UPDATE:[/I] This is bizarre. I get a customer support ticket from Ning that says “Congratulations” we sold enough merchandise to get the ‘basic’ package free for year. The only problem is:

a.) I never filed a support ticket with them.
b.) We did not in fact sell enough merch to get the free annual of the basic service.
c.) We don’t want the basic service anyway as it does not offer, you guessed it, a chat feature.

I am contacting them now.

Hi MP

I also bougt stuff from the shop $70 but the meter still show the same, maybe a good idea to check it up. hope the chat still remains in one way or another.
Im willing to contribute with som cash now and then,

[ken_doubleU]

…

All the credit for designing this new version goes to [B]Ken DoubleU.[/B]

He is becoming a giant here in a very short time.
Thanks heaps for the help Ken!!

…

[/B]

Thank you Tymen for your kind words.

However I must say that this is the least I could do for all the hard work that you have done for all of the other members.

In fact, as everyone agrees, it is your hard work and most of all your original ideas and thinking that makes this thread and trading method so successful. Therefore any of us who are able to help in any way are pleased to do so. THANK YOU.

Ken

[tymen1]

[B][U]USING THE SLOPEMETER[/U][/B]

The default value of 1.5 for the inputs should cover all the currency pairs in the 15 min charts.

I have yet to setup the default value for other timeframes.

A chart of the values for every timeframe will be needed.

The [B]Slopemeter[/B] basically comprises Rule 8 in addition to the 7 entry rules already given for the DNA Shortcut method.
It is meant to be used as a guide only - not a hard and fast yes/no to entries.

If the slopemeter line (in blue) approaches the green horizontal line, then it is generally safe to enter LONG.
If the slopemeter line (in blue) approaches the red horizontal line, then it is generally safe to enter SHORT.
The Slopemeter helps rule out unsafe entries.

The whole method of 8 rules is probably better named as the [B]Ultimate BB DNA Pip grabber.[/B]

It specialises in the very best of the juicy profits to be gained on the forex market - [B]the price action walks of the BB bubble/sausage.[/B]
The fastest profit/unit time is made here - that is your trading efficiency is at its highest in these areas.
The most profit is made in the shortest possible time.

Only news releases can do better!!

There are a few more details I am looking at, then we can set this whole method in concrete and even construct the PDF before time!!

This method must be clearly differentiated from the [U]standard BB DNA method [/U]which uses CBL taken from extreme candles in the BB squeeze areas.

[alright]

Hi Tymen. First of all thank you for this great thread. I was a contributor of the old one and then I missed the start of this one. When I found out I had to make up for the 1st 100 posts, then I had to abandon reading and trading because of my 3yr old son needing hospital for several months. Now I’m back and find this ocean of posts to catch up with. And I see there’s improvements maybe on each page. I can’t even remember exactly the main rules… I’ll never finish reading…
I don’t want to appear lazy since I will need to do it anyway as I know your purpose is to teach us trading and not just giving a system away, but is there a way just now to catch up a bit quicker, just to have a clue in a short time of what the new posts will be speaking about? Was ever a manual written? If yes, can you please point me to the right page?
Thanks and keep up the good work, mate.

[alright]

There are a few more details I am looking at, then we can set this whole method in concrete and even construct the PDF before time!! .

I think you posted ur reply to my question while I was still typing it. LOL
Looking forward to this although I would have really appreciated even a roughly summarised version of the method already.

[Aserat]

Ok so if I understood well,

right now we use standard DNA method in squeezes, ideally PA rebounding from outer to outer BB in hope of it exploding in one or other direction where we exert our most potential of earning pips

and

the shortcut method or Ultimate pip grabber when we find that we were late noticing the possible CBL entry and the BB are already expanding

so it’s more of two strategies complementing each other and are to be used as a whole?

[IronHeart]

Hi Tymen,

Am I right in thinking that the new introduction into your code is the multiplication by 0.0001 and 0.01 to account for non-JPY and JPY currencies?

If so, my code already had this feature built in.

I have, however, set the default pipdiff to 1.5 pips instead of 3.

Please find attached the latest MT4 indicator.

BB Slopemeter.zip (757 Bytes)

[tymen1]

Hi Tymen,

Am I right in thinking that the new introduction into your code is the multiplication by 0.0001 and 0.01 to account for non-JPY and JPY currencies?

Yes.

If so, my code already had this feature built in
.
Wow!!

I have, however, set the default pipdiff to 1.5 pips instead of 3.

Good stuff, Well done and many thanks, [B]IronHeart[/B]!!

The MT4 users will love you.

[tymen1]

. …, but is there a way just now to catch up a bit quicker, …

I am sorry, alright, there is no shortcut here. :eek:
You will have to read the full thread to get the full benefit.

There are so many fine points in this thread, that it is dangerous to attempt shortcuts.
This thread is like a stairway - every step builds on the next step.

[tymen1]

…

so it’s more of two strategies complementing each other and are to be used as a whole?

[B]The standard DNA method[/B] covers 4 types of price action, any of which can occur in a trade taken from an extreme candle CBL.
The OBB price action includes a BB walk of a bubble/sausage.

[B]The DNA ultimate profit grabber[/B] is a method used to trade the BB bubbles/sauages [U]only [/U]so as to maximize profit in a given amount of time.

These are the two methods for which a PDF will be constructed.

[alright]

I am sorry, alright, there is no shortcut here.
You will have to read the full thread to get the full benefit.

There are so many fine points in this thread, that it is dangerous to attempt shortcuts.
This thread is like a stairway - every step builds on the next step.

As I knew that already I don’t even know why I asked. Just hoping meanwhile there would have been at least a pdf. Never mind, back to reading again. Maybe I’ll be finished next week… (my eyes are nipping already):eek:
Thank you and all the people who have been enriching the thread with their contribution.

[forexdawn2010]

If you want a great résumé of this thread go to page 406 and find Hordanes post and download his PDF.

[VulcanClassic]

Tymen,

I know what I was doing wrong, wasn’t waiting for the retraces before entering, just that yesterday there were some big ones.

Right now I’m in a nice short EUR/AUD trade thanks to this system, after waiting for the retrace.

I’ve got the indicator running on my laptop and emailing me when when the slope crosses. Then I receive that email on my phone, and trade from here at work.