Never Lose Again

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deeforex
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monolisa wrote:I think an indi could be used to draw the lines easily (master coder TRO/blubbb/whoever might be able to help developing the indi). What you need are:
1. Time/price of the lower left corner of the square (t1/p1)
2. The time period of the square (in bars) (b)

You can then determine the square's right upper corner, which is the intersection of a 45* trendline from the starting point and a vertical line at the end of the time period. Let's say the price difference is k (in pips).

Now you have the co-ordinates of the 2 corners. Using simple calculations you can find out the 2 co-ordinates of the angled trendlines. For example, these are the co-ordinates of a 30* trendline (uptrend):

Time(lower left corner) = t1
Price(lower left corner) = p1
Time(upper right corner) = t1 + b - 1
Price(upper right corner) = p1 + tan(30*pi/180) * k / 1000

For angles above 45* it's the number of bars that varies. Here's an example of a 60* trendline (uptrend):

Time(lower left corner) = t1
Price(lower left corner) = p1
Time(upper right corner) = t1 + ROUND(b * (tan(60*pi/180))^-1) (I round it because time bar could not be divided)
Price(upper right corner) = p1 + k / 1000

Here are the DOP lines I have manually drawn using the calculation methods above.

Lis

This has already been created. MO has a copy to test to make sure it's doing what he wants. Once he confirms it's working and that it will help rather than hinder. He'll post.

dee

Thank you for your support.

monolisa
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Excellent, dee!! Can't wait

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

prochargedmopar
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deeforex wrote:
monolisa wrote:I think an indi could be used to draw the lines easily (master coder TRO/blubbb/whoever might be able to help developing the indi). What you need are:
1. Time/price of the lower left corner of the square (t1/p1)
2. The time period of the square (in bars) (b)

You can then determine the square's right upper corner, which is the intersection of a 45* trendline from the starting point and a vertical line at the end of the time period. Let's say the price difference is k (in pips).

Now you have the co-ordinates of the 2 corners. Using simple calculations you can find out the 2 co-ordinates of the angled trendlines. For example, these are the co-ordinates of a 30* trendline (uptrend):

Time(lower left corner) = t1
Price(lower left corner) = p1
Time(upper right corner) = t1 + b - 1
Price(upper right corner) = p1 + tan(30*pi/180) * k / 1000

For angles above 45* it's the number of bars that varies. Here's an example of a 60* trendline (uptrend):

Time(lower left corner) = t1
Price(lower left corner) = p1
Time(upper right corner) = t1 + ROUND(b * (tan(60*pi/180))^-1) (I round it because time bar could not be divided)
Price(upper right corner) = p1 + k / 1000

Here are the DOP lines I have manually drawn using the calculation methods above.

Lis

This has already been created. MO has a copy to test to make sure it's doing what he wants. Once he confirms it's working and that it will help rather than hinder. He'll post.

dee

May sound crazy,
Just think if you had an alert that told you a previous channel had just increased in length/distance over time by X2,
You could then get ready for the direction change/length/distance by 1/2....and trade accordingly. Some channels I notice, usually 75degrees and up, will retrace by 100%. Hmmmmm

hehehe, oh man, the dreams we have.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!

pierre23
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Only had one trade last week, been busy at work =[

good for 119pips. We'll see how the next zl turns out.

I've been skimping through the DOP posts, at first I thought that this topic may be beyond me.. but I think I'm slowly getting it. Keep up the good posts.

pierre23
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Pro I think you would be right at home at this thread:
http://www.forexfactory.com/t/187854/m1 ... air-1.html

Thank you for your support.

***FX-JEDI***
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Just testing USD/JYP I expect it to retrace down a bit now, not much tho I think..
97.074 level seems to be holding 3 hit on this level so far, & after 3 bearish candle I expected price to retrace back up a bit, on the HR there is 2 Bullish KR candles, current 2nd bullish KR candle hit my sell limit. so am in.
Daily is still bearish.
Its better to be out of the market wishing you were in,
then being in the market wishing you were out.....

monolisa
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Today's GBPJPY MZ trade.

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

inzider
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GBP/USD 4h Zl trigger at 1.6490, could visit 1.6400 before to clean full table.

Let's see!
WB: "Risk comes from not knowing what you're doing."

es/pip
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the first pound short i traded it 3 times. had a -4, a b/e, and that one

Bend over and assume the position for another 4 years of hope and change.

monolisa
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Hmmm... Nice pips to the bottom of the H1 MZ

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu