NINJA PLATFORM

forex live trades, setups, charts

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tmanbone
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Postby tmanbone » Tue Aug 24, 2010 12:52 am

Phil,

In your opinion how do your range bars relate to minute bars. i.e. a 10 range bar is close to a what minute bar, in your experience. Have you figured out the advantages/disadvantages of the range bars? Could you give us your thoughts? Thank you,
"The simplicity of the markets is it's greatest disguise"

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Phil
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Postby Phil » Tue Aug 24, 2010 6:47 am

Don´t think just do it!


Don´t know why i did close this trade way too soon. Break even was allready set. Guess i´m thinking to much what if´s...

Enjoy your day!

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Phil
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Postby Phil » Tue Aug 24, 2010 7:12 am

tmanbone wrote:Phil,

In your opinion how do your range bars relate to minute bars. i.e. a 10 range bar is close to a what minute bar, in your experience. Have you figured out the advantages/disadvantages of the range bars? Could you give us your thoughts? Thank you,


Hi T-man,
I think it depends on the currency you´re watching, I mostly watch the EURUSD. So when I think about the forming of a 10 range bar, I think most of the time it could be compared to 5 till 15 minutes. But that´s just my experience and based upon the screen time i´ve had. Sometimes it could take more than 30 minutes before a bar to form!
What I like most about the Range bars is, like Chappy said, that I think the chart is more readable for me (I talk like I?m an expert! Not yet!). I think I can avoid more whipsaws by using the range bar script cause the time-element is taken away from the chart. I think it´s really a personal preference. Like being said in this thread, there are people who don´t use the range bar and also have good success.
The disadvantages I can think of are a) you need to focus on how much of the range is left before the current range is filled (that´s why I coded the x remaining range in the comment section of the indie) and b) I´m a bit annoyed with the indicated time of when the range bar was formed, the time is not correctly set in the script and I need to fix it one time (that means I need to build my own range bar)

I hope this helps.
Perhaps anyone else has any input on this?

Phil

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JESGPY
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Postby JESGPY » Tue Aug 24, 2010 7:54 am

Phil wrote:
JESGPY wrote:Phil.
What indicator do you use for range bars?

Thanks
JUAN


Hi Juan,

I use a free rangebar script which i posted here on this page

it´s inside the component.zip
Let me know whether this helps, or if you have any other questions.

Regards, Phil


Thanks Phil

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Phil
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Postby Phil » Wed Aug 25, 2010 7:16 am

Entry...


Enabled the AutoStop bot from Flinux, set it to breakeven at 9 pips. Let´s see how it goes.

Anybody has any experience in entering continuation trend trades like Chappy mentioned earlier in this thread?

Enjoy your day.

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Phil
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Postby Phil » Thu Aug 26, 2010 10:06 am

Entered a bit late, price went down on me but reversed back into the direction of the trend...


Currently working on my own RangeBar script. I just want to dive into it so i can understand what´s going on and work on price.
The thing what is bothering me about the ´standard´ rangescript is the timescale in case i want to reread the chart and compare it with a normal tf chart.

Will post it when it´s stable.

Enjoy your day.

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Phil
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Postby Phil » Tue Aug 31, 2010 9:00 am

In near the London open, trade still open.



Started to reread the thread. Own rangebar is in pilot and i´ll upload it once it´s stable.

Enjoy your day.

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dojirock
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Postby dojirock » Tue Aug 31, 2010 6:15 pm

Hi guys,

is the flinux, autobot available for download or is that exclusive?

thanks,

dojirock
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Postby dchappy » Tue Aug 31, 2010 9:23 pm

Phil wrote:In near the London open, trade still open.



Started to reread the thread. Own rangebar is in pilot and i´ll upload it once it´s stable.

Enjoy your day.



Hope you were able to hold it ..it was a good 1 today :smt023

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Phil
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Postby Phil » Wed Sep 01, 2010 10:53 am

dojirock wrote:Hi guys,

is the flinux, autobot available for download or is that exclusive?

thanks,

dojirock


Hi DojiRock,

Here it is, i think Flinux don´t mind me uploading this bot :)
Attachments
AutoStopAZero.ex4
(2.07 KiB) Downloaded 16 times

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