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ok newdigital, please tell me, you trade the blue/red linse or turkis/pink
turkis/pink ... you mean - horizontal lines (horizontal static channel)?
It is the other indicator.
Paramon traded on different ways:
- trading within the channel
- trading from outside this channel (breakout).
- trading support/resistance lines (breakout).
I am trading on 3rd way for now.
The question is, you trade the MaksiGen_Channel or ther MaksiGen_Range
Or both
I like the channel, good profit the last hour.
It is some results for now:
+150 pips on open trades (4 digit pips).
I am not sure exactly but I think that freewayfx is using similar or same way of trading (may be - he is not using those indicators ... but it is possible to trade without indicators just drawing those lines mentally).That's right newdigital. there's certain level i think the market will move to either up or down.
There's also point where stop hunting occurs. That's why always leave room for error. before price go against me , normally it retest where my entry. so i will get out with minimal loss.
look at gbp/usd as said earlier post. that's exactly what happen now
This the trades today I used MaksiGen_Range only. Because to use MaksiGen_Channel as well (statical channel) I should start in GMT morning.
One question to this indi.
right now i got the trade infos fro GU m5 with the sell stop and buy stop infos.
i was changing quickly to a other timeframe and then back to m5 and now the infos away.
they will come back or i have to wait for new possible entrys?
The question is, you trade the MaksiGen_Channel or ther MaksiGen_Range
Or both
I like the channel, good profit the last hour.For the trades today I used MaksiGen_Range only. Because to use MaksiGen_Channel as well (statical channel) I should start in GMT morning.
May be yes.
As I said - attach this indicator to M5 chart, switch the chart to M1, wait 1 minute (because of M1 timeframe), and switch the chart back to M5.
As to those lines so those lines are calculated based on 3 bars:
- bar #1 (previous bar, or closed bar)
- Pfast (bar #5 with default settings)
- Pslow (bar #8 with default settings).
It is changable in the settings (you can change it).
What means "bar #1", "bar #5" and "bar #8"?
Open bar (current bar) is zero bar (bar 0). If bar is closed so this bar will become bar #1, and new open bar will be bar 0.
Previous/closed bar is bar 1.
and so on.
This numeration is used by coders to code indicators and EAs.
More explanation is on this post:
https://www.mql5.com/en/forum/173439/page56
Pfast and Pslow values (bar numbers) can be changed in indicators settings/input.
Try to change 5 to 50 and 8 to 80 and you will understand what I mean about why it is changed all the time.
It is example for EURUSD right now:
line was moved so I have few sell trades opened with 100 pips totally
It is example for EURUSD right now:
line was moved so I have few sell trades opened with 100 pips totally
Ok, but i have not change back to m1 again and again?
so, i se you trade just in m1.
this is my diagram on eurcad
I like to group alike indicator together on a template
--- so far, I think I better relied on some other indicator previous change of color i.e. the price level that greeen stuff meet red stuff for R/S level
another way to trade with it
see the black bar (major move within that 30min bar) in this chart
if we are not in hurry, we could use the 3 days principle
within 3 days, when these black price level are near, we bet FOR or AGAINST such trend i.e. trendy or ange-y
if we are wrong in 0.6 to 1.2 days later, better hedge and consider it a constant loss for that bet
= here , we are talking best price level to enter, I quite buy into that, some price level is useless, some price level, you can get a shoot up or shoot down in 1 go
...
this is my diagram on eurcad
I like to group alike indicator together on a template
--- so far, I think I better relied on some other indicator previous change of color i.e. the price level that greeen stuff meet red stuff for R/S level
another way to trade with it
see the black bar (major move within that 30min bar) in this chart
if we are not in hurry, we could use the 3 days principle
within 3 days, when these black price level are near, we bet FOR or AGAINST such trend i.e. trendy or ange-y
if we are wrong in 0.6 to 1.2 days later, better hedge and consider it a constant loss for that bet
= here , we are talking best price level to enter, I quite buy into that, some price level is useless, some price level, you can get a shoot up or shoot down in 1 goyes WE can!!!:)