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For Dr. Sivaraman Readers
Posted: Sun Jun 14, 2009 2:49 pm
by TheRumpledOne
For Dr. Sivaraman Readers
I modified the Sessions indicator to show price boxes and plot trend lines from session open to highest high to lowest low to session close.
Note the lines do not connect because of session overlap.
FREE MT4 version Sessions_TRO_MODIFIED_VERSION, including SOURCE CODE, attached.
PLEASE DO NOT POST MY CODE ON OTHER FORUMS.
NOTE: 2009.06.14 TRENDLINE BUG FOUND/FIXED.
NOTE: 2009.06.15 TRENDLINE BUG FOUND - hold on
NOTE: 2009.06.26 I think I fixed it. If you see a bug, please post a chart showing the problem.
Posted: Sun Jun 14, 2009 5:38 pm
by PINKPANTHER5
If one somehow minimizes the false breakouts with filters of a kind, this seems like a very good system. Its a excellent indicator for the momentum of the currency pair.
Posted: Sun Jun 14, 2009 5:56 pm
by TheRumpledOne
What "system" are you referring to?
Posted: Sun Jun 14, 2009 6:00 pm
by TheRumpledOne
Now there's a system!
Posted: Sun Jun 14, 2009 8:06 pm
by happyhappyRN
Someone's going to hsave to explain it to me. Don't you know where the semaphores will ultimately end up only after the fact?
Posted: Sun Jun 14, 2009 8:20 pm
by PINKPANTHER5
Hey Tro,
Yes I was referring to the session breakout system. In your opinion which session would be a better one? I hear good things about the asian session breakout. So waiting for the asian session to end and the euro to being I believe.
Posted: Sun Jun 14, 2009 8:56 pm
by TheRumpledOne
Session break looks profitable to me.
Any session should be profitable.
A second glance shows that a breakout of the Asian session high/low during either London or NY is highly profitable.
Posted: Tue Jun 16, 2009 8:06 am
by TheGabriel
You TRO got in the same direction as me. Using this indicator I've found out that with a breakout during european session, of the Asian session we can profit from 10 to 40 or more pips. We can use a very tight stop loss as it goes directly in profit and closes fast. 3 Trades placed in 3 days and no loss.
I place a buy stop and a sell stop.
Can we make an EA that exactly at the beginning of Euro session places a buy stop and a sell stop at high and low of asian session?
I've attached my strategy. I'm sure it will be profitable on long term as no indicators are involved. Just price action and it follows trends.
Posted: Tue Jun 16, 2009 9:01 am
by TheGabriel
Reached 40 pips again today
, if someone could program the EA I can give very detailed strategy.
Posted: Tue Jun 16, 2009 10:29 am
by mrgmm
Dear TRO
From where can i download that indicator ??
Is its setup differ from broker to broker ? you know the time zone is different among brokers