NOTE: I love Point & Figure charts, but I currently do not use them.
The HIGH/LOW method:
1) look to see if you can make a mark in the direction of the last point marked.
2) if you cannot then see if you can mark a point in the opposite direction.
3) if you cannot then ignore that candle.
Rules Changes:
1) each point is two prices, the price above it and the price below it
(both prices must have been reached to mark a point).
2) mark the points as you would if making a Renko chart unless a single
candle makes multiple points.
Optional Rule:
If 4+ candles close without a point being marked then mark the next point made with an "O";
this tells you that the previous point (area) is congestion.
The ideas that I trade by:
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Re: The ideas that I trade by:
Jalarupa wrote:Still hoping for a feature whereby you can define the LineName in the indicator and the indicator tracks that line, as opposed to creating its own line OR have a feature whereby the line that gets created attaches itself to the line you name... would get the same result...
Just asking...
Would make my automation with FX Synergy so much easier...
Not sure how FX Synergy works and what you want to track and how.
So we have "MoveLine" and you can change it name in indicator settings.
We also have other lines "Eights":
- above MoveLine names are: Eights 1, Eights 2, Eights 3 .......
- below MoveLine names are: Eights -1, Eights -2, Eights -3 .......
"Eights" name also can be change in indicatior options.
I installed FX Synergy free 14-days trial so if you can describe how it should work I can try.
Jalarupa wrote:BTW LOVE the buttons...!!! (are they movable and can we make them smaller perhaps?) would look nice under my FX Synergy Trade Panel
Yes buttons are configurable (including TEXT on buttons).
"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"
Re: The ideas that I trade by:
It will be interesting to hear MightOnes's views on this trade explorer There are lessons to learn: How to trade / How not to trade.
http://www.forexfactory.com/showthread. ... 04#acct.68
Leverage is a double edged sword.
http://www.forexfactory.com/showthread. ... 04#acct.68
Leverage is a double edged sword.
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Re: The ideas that I trade by:
laksh wrote:It will be interesting to hear MightOnes's views on this trade explorer There are lessons to learn: How to trade / How not to trade.
http://www.forexfactory.com/showthread. ... 04#acct.68
Leverage is a double edged sword.
More risk has never made anyone more money.
Your account goes up like a bottle rocket and then there is a loud pop and your account vanishes.
Consistently making 1% per day would break your calculator well before 20 years; why then would you ever take huge risks?
You live, you learn.
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Re: The ideas that I trade by:
I finished - I think.
Changes:
- Remove price entry from indicator properties. Now price is auto setup from auto settings. Price manually can be changed via HL "MoveLine" properties. Price is hidden in global so don't worry MT4 holds it 40 days from last use. Sublines also became global.
- add "Show_Macro_Buttons"
- EightsStrategy = 0 - if you have long and short term trades at same currency you can use it as index. Moving lines and changing macros on any charts with index = 0 will no affect charts with diffrent index eg. EightsStrategy = 1.
- Correct bugs in hidding sublines
- Add TAG1 and TAG2 to change lines names if need.
Laging. Chart is refreshing after price change and sometimes lagging 2-4 sec. I using Metatrader Ticker from fx1.net so I reduce laging to 1000ms . Usefull weekend tool btw.
Any bugs please PM.
Changes:
- Remove price entry from indicator properties. Now price is auto setup from auto settings. Price manually can be changed via HL "MoveLine" properties. Price is hidden in global so don't worry MT4 holds it 40 days from last use. Sublines also became global.
- add "Show_Macro_Buttons"
- EightsStrategy = 0 - if you have long and short term trades at same currency you can use it as index. Moving lines and changing macros on any charts with index = 0 will no affect charts with diffrent index eg. EightsStrategy = 1.
- Correct bugs in hidding sublines
- Add TAG1 and TAG2 to change lines names if need.
Laging. Chart is refreshing after price change and sometimes lagging 2-4 sec. I using Metatrader Ticker from fx1.net so I reduce laging to 1000ms . Usefull weekend tool btw.
Any bugs please PM.
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Last edited by salezyakuku on Mon May 09, 2016 7:41 am, edited 2 times in total.
"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"
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- rank: 150+ posts
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Re: The ideas that I trade by:
I have just tested tracking line from other indicator (zeroprofit indi), it track well after changed "MoveLine" to line name from zeroprofit indi.
BTW. Line need to be selected to be move. Double click on line and then move it. If someone need that line always selected and don't fear accidental move can add at line 384:
BTW. Line need to be selected to be move. Double click on line and then move it. If someone need that line always selected and don't fear accidental move can add at line 384:
Code: Select all
ObjectSet(name,OBJPROP_SELECTED,true);
"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"
Re: The ideas that I trade by:
I started adding sugar back into my diet with raisins, kefir, and coconut milk; the result was disastrous, I felt sick for days.
Anyways...
This is a common pattern, you should not become lost in this price action:
Anyways...
This is a common pattern, you should not become lost in this price action:
Re: The ideas that I trade by:
Get better at something.
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