$TRILLION STRATEGY

trading strategies and money management discussion, code, results

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Accrete
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MT4 technicals using MST time zone...

Postby Accrete » Sat Feb 10, 2007 5:23 pm

OK, so i don't have a feed that will show me a Mountain Time daily candle close though i suppose a simple work around would be to simply come to the charts at that time (1pm for me here on the Oregon Coast), mark the existing body-H/L and enter trades accordingly?? Seems easy enough.

So Avery, your strategy here is to simply wait for price to move beyond these NY Close -1hr levels and then what? I've read through the thread and am still wondering what your TP goals are or exit points/strategy.

Thanks,
Thom

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Postby TheRumpledOne » Sat Feb 10, 2007 11:50 pm

Hi Thom:

Welcome to Kreslik.

TP goal would be 10+ pips.

The actual TS strategy code is on page 1 of this thread.

You should be able to write an indicator for you platform that would tell you the values at NY Close - 1.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby Accrete » Sun Feb 11, 2007 12:33 am

Thanks Avery, i've been here for a while...just don't post much. Lots to absorb! I think i probably have the indicator somewhere in my mql doodles : ) What i was more interested in is that you are actually counting the "Close" of the day 1 hour before NY, and wanted to verify that with this strat.

: ) Thom

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Postby BP » Sun Feb 11, 2007 1:22 am

RumpledOne,

I'm sorry if I seem ignorant here. I see you have posted some code for the strategy...but it doesn't mean anything to me (cause I'm probably an idot). If it was an indicator for MT4 that would be another thing....

Since you don't code for MT4, can you explain the strategy in laymans terms?

Thanks,

BP

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Postby TheRumpledOne » Sun Feb 11, 2007 2:03 am

Hey, I can't read MT4 and that doesn't mean I'm an idiot..LOL!!! Guess that makes us even.

Candle top is the highest of the open and close.

Candle bottom is the lowest of the open and close.

Go long at the previous candle's top price if the current candle is green and short at the previous candle's bottom price if the current candle is red.

Should produce 10 + pips.

What we are doing is attempting to profit the the candle wick. If you look at daily chart you almost always see a wick at the top and bottom.

Orange's SRDC, which he published AFTER $TRILLION was published, uses the previous candle's high/low.

Feel free to ask questions if you still don't understand.
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Postby TheRumpledOne » Sun Feb 11, 2007 2:05 am

Accrete wrote:Thanks Avery, i've been here for a while...just don't post much. Lots to absorb! I think i probably have the indicator somewhere in my mql doodles : ) What i was more interested in is that you are actually counting the "Close" of the day 1 hour before NY, and wanted to verify that with this strat.

: ) Thom


Yes, that gives me an hour "jump" on the rest. Can do the same for London, Frankfort, etc..
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Looking at Easy Code

Postby Patch » Sun Feb 11, 2007 2:07 am

BP

You are way ahead of me, I neither know Easy L or MT4 code, so that makes me a double. A few weeks ago one of the code writers here on Kreslik suggested to another in need of help, that they could learn a lot about both writing code and the logic of what the indicator/strategy is doing by reading the code. This has been a great help to me since. I now read the EL code for each major indicator I load and verify. Easy language is anything but easy.

Jeff in VA

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Postby BP » Sun Feb 11, 2007 2:33 am

Thanks guys for illuminating me here. I really appreciate it. Thanks for the support as well!! :)

So, first...what is the stop loss set as?

Also, I guess you are looking at a daily chart then?

And finally, if the previous daily candle is green, then you will only go long? not short at its low? Or do I have that wrong?

Thanks once again!!

BP

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Postby TheRumpledOne » Sun Feb 11, 2007 4:46 am

BP wrote:Thanks guys for illuminating me here. I really appreciate it. Thanks for the support as well!! :)

So, first...what is the stop loss set as?

Also, I guess you are looking at a daily chart then?

And finally, if the previous daily candle is green, then you will only go long? not short at its low? Or do I have that wrong?

Thanks once again!!

BP


You pick your own stop loss - only YOU can decide how much you are willing to risk.

Yes, daily candles. But also works on weekly and monthly.

Use the CURRENT DAILY CANDLE COLOR FOR DIRECTION NOT the previous candle.
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Postby Accrete » Sun Feb 11, 2007 9:05 am

Thanks Avery, it's all very clear now. I'll spend some time doodling this week and should have something to share in the way of an indicator or two by next weekend.

Cheers,
Thom

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