were those trades loosers or near loosers because pending on stop entries were made only in one direction?
is it better to enter in both directions with stop loss in place?
is it better to enter in both directions with stop loss in place?
SRDC Episode I 1,331 replies
SRDC II Channel of the day 74 replies
Discussion on Indicators pertaining SRDC 62 replies
SRDC II Journal for All 11 replies
SRDC II Charts posting and discussion pertaining to it 37 replies
Quoting rojamDislikedwere those trades loosers or near loosers because pending on stop entries were made only in one direction?
is it better to enter in both directions with stop loss in place?Ignored
Quoting jest1081DislikedGOD! Hell yeah your so freakin right! this soooooo GRAIL STUFF!!!
Well thanks for the daily SHI. Good area to guage resistance yeah! Now thats channel trading!Ignored
Quoting OrangeRoshanDislikedRight on Jest!!
I met Jabba the other day, and he too confess that the Monday candle is inverse of the Sundays'. He said,"bugga predict giggu wakka loss rose wikki balu money". Translated, "He wont allow anyone bet on it, he will lose money coz its too predictable!"
well..... Thats Life... told him not to gamble.....Ignored
Quoting compro99DislikedJedi Roshan,
Do u mind doing a full run down example of the trade with a pic example.
With 3 Take Profit, we need so called 3 'units' of entering market.
I think yr above example is based on reversal of candles for 2 days but what if it carrys on the same trend ? That would be a slight different scenario and Take Profit..???Ignored
Quoting Lou GDislikedI'm using sbfx and have no weekend candles. I've searched the options and it doesn't seem to be something that can be selected/changed as it can be on
OANDA. Do I need to change MT4 providers?
Thanks OrangeRoshan - I will be many long hours digesting all this new information and modifying my EA to use it.
LouIgnored
Quoting OrangeRoshanDislikedI dont want to be Bias, but its better to open a demo on IBFX and trade based on that signal manually.
When it is a concerned of EA, then use brokers that speak the same language (when you know what I mean).
I would like to test your EA on this when it is available. I can help to include some variables to make it even more profitable.
Piping the GalaxyIgnored
Quoting 4rexDislikedMaster Roshan,
If I use IBFX as my server my new candle will not start until 7pm est in the U.S. Is that a problem?
Thank YouIgnored
Quoting OrangeRoshanDislikedNo. The Same candle appear to all of us when using the same broker no matter where we stayed.
A piping question.Ignored
Quoting OrangeRoshanDislikedI dont want to be Bias, but its better to open a demo on IBFX and trade based on that signal manually.
When it is a concerned of EA, then use brokers that speak the same language (when you know what I mean).
I would like to test your EA on this when it is available. I can help to include some variables to make it even more profitable.
Piping the GalaxyIgnored
Quoting henschDislikedMaster Orange,
1) If my observations are correct, Level 2 is based on the relationship of the
daily candle to the channel lines (Bottom, Middle, Top).
But, what happens if we have some candles in "no man's land"? Switch to 1hr and from that period perspective
By that I mean, for example, candle is above median on the way to the top
channel line, however it takes three days (three daily candles) to get there.
My point is, should we wait until a new candle touches any of the channel lines
and see the reaction at that level?
Therefore, no Level 2 trade for three days or use SRDC rules to enter trades
until price touches any channel line? Use other time periods
From there we fine tune our entry with the one hour chart?
2) When you follow the one hour chart... is that the SHI channel 60m or do you
draw the daily channel in the one hour and see the reaction of one hour candles to
the daily channel lines? Definitelly
Hope my questions are clear. I'm in the middle of a galactic battle, shooting my
laser gun with one hand and typing with the other.
HenryIgnored
Quoting Lou GDislikedThe EA for this will take some time - SHI_Channel indicator is not coded to be easily referenced externally and will need to be re-structured. I will keep you posted.
One question - would SHI_Channel suit your purpose better if it did not redraw during the current day? Think about it and let me know - easy change to make while I am modifying the indicator anyway...
Best,
LouIgnored
Quoting OrangeRoshanDislikedYes make it draw once at the early hour (GMT 1). The adjustment will come only once a day. When ever the trend change, its better when the channel stays until the next day. This way we can see the candles are not obeying the channel hence, easy entry.
Hope that pipsIgnored
Quoting Lou GDislikedOne more question, this time referring to the chart you sent me showing the difference between your hand-drawn channel and the shi channel - in that example your channel covered a period of about 4-5 days and appeared to be the correct one to me. As the indicator is working now, it will go back only one day on a 1 hour chart. Should it go back farther for best results?Ignored
Quoting OrangeRoshanDislikedThe further the days it covered the better!! Usually 2-3 days is very accurate. What I mean is, instead of an indicator that draw every hour, it need to draw once a day. Next day it will read the new candles and draw a new one and doesnt change it until tommorw and so on.
This way, EA can read and determined point of entry easily. Otherwise our mighty computer will get confused and their point of reference keep changing every hour!!
What are your thoughts!!Ignored