The "XO"-Method......... - page 42
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Ok everyone,
I'm out the door here real soon and on a jet plane with a little vacation for the next 2 weeks. Good luck with this and hope to hear about all the good trades when I'm back in town.
God BlessHave a safe and blessed holiday. Will miss you.
filter
Have a safe and blessed holiday. Will miss you.
What are you all using for filter outside of trading hours and +/-250 level?
Cheers
Latest "xo-method" Indicators And Entries/exits
Firstly, I am indebted to Sharipov Ainur who wrote this incredible Oscillator. Secondly, to adoleh2000 for converting it to MT4 format and lastly to the originator of the "Multiple Time Frame idea" namely Kerris2112.(MTF) - this is something I have been looking for for the last 2 years. Be blessed.
I am further indebted to the following people who continue to assist in developing this method, without you it could not have been possible:Kalenzo; ShadowWz; HoggZilla and VideoJ; Hellkas; Elihayun; Perky and those of you who relentlessly test and test again like Money-Line; Pip_trip; and Mart_Hart who suggested the 34-CCI; also, the likes of Ant; Dan_S; Creative; DownunderDave40; et_PhoneHome2; Fet0r our latest addition and all those who are working on it. Thank you very much for your support.
1). I use the ZZ_4_TF_XOas per attached example. Settings are: 60/5; 30/6; 15/5; 5/5.
2). Woodies Double_CCI set at 34/14
Furthermore, I add the following levels to it: 100; 250; 350; 450 in both directions of course.
I further colour them so that I can see them immediately - colour of the Turbo (14) mine is Magenta on 250 where it usually "overheats" but it can go to 350 max.
The 350-line is Gold and usually this is where the 34 "overheats" but it can run to 450 and even 550 in severe overheating such as announcements.
3). ZZ_MTF_XO_A which is set to 240/4.5 and run it seperately of course.
4). As I have a "need to know" where the present position of the trade is in its cycle, I use the Stochastic 12/4/3. (This is optional, but for the Newbies, I suggest you try it first before you discard it.
5). Finally the latest Forex_Freedom_V2 from Elihayun. (I have changed mine to 60M and am attaching it here for the 5M-chart - I still use his original on my 15M chart however.
6). Asctrend_no_Sound @ 5to assist in non-trending markets.
7). 13-LSMA and the 21-LSMA.
8). 50-EMA (close) and 300-EMA (close) - the 300-EMA represents the 50-EMA on the 30-M chart. I learned something here from Nina, thx.
9). Murrey_Math and I use the RD_Pivotlines together with the MM. (You decide what works for you.
ENTRY RULES:
1. As soon as the 4_TF_XO signals an entry when the bars become solid GREEN / RED, enter on the open of the next candle, providing that.......
2. CCI-34 is in "agreement" - that is, if the CCI-14 is >250 and leading the 34-CCI, don't enter. If they follow closely, especially when they cross the zero-line simultaneously, you may enter.
3. The Stochastic is not "overheated" (>95 and <5)
4. And the Forex_Freedom is in sync with the 4_TF_XO signals.
5. It is best to have the XO_A (240/4.5) in the same direction as the 4_TF_XO as the trade is usually stronger. However, without it, you may pick up 10 pips minimum. (Always be aware that as long as the 240/4.5 is "against" your trade, the trade may turn around.
NB>>>>> I prefer that the AscTrend signal be in place, whether it appears on the candle of entry or prior to that.
EXIT RULE:
1). WHEN THE ZZ_4_TF_XO CHANGES COLOUR AND ANY ONE OF THE TWO LSMAs CHANGE COLOUR AT THE SAME TIME.
2). You may want to keep your eyes on the Stochastic at this time too.
NB. The change in colour of the ZZ_4_TF_XO could only be as a result of the 5M timeframe changing, hence the use of the LSMAs.
If I have missed out on anything, I will edit this.
I will ask NewDigital to erase the first post and have this one replace it. See if it could be done.
Your continued support and development is appreciated.
Please upload your template too so we don't have to set up anything. I'm not sure if I set them up right. Thanks.
Thanks for the hard work
I have started testing this system today. Thanks to all of you who have worked on this and especially to Valeofx. The combination of the Woodie's CCI with the trend-breakout indicators is powerful.
Thank you for detailed explaination of up-to-date entry and exit rules of this great system, Im joining the testing this great system starting today along with great catfx50 system that I have been testing for a month now.
Keep up great job, ValeoFX!
Please check
ValeoFX,
Thank you for your ideas. As Iam a newbie can you please check if the following are the correct settings. Thank you.
On 5-Minute chart I attach:
1) ZZ_4_TF_XO
Setting:
KirPER 5.0
TF1 5
TF2 15
TF3 30
TF4 60
KirPER1, KirPEr2, KirPER3 and KirPER4 are all 5.0
2) Woodies Double_CCI
Settings:
TrendCCI_Period=34
EntryCCI_period=14
ZeroCross_Alert=false
Automatic_Timeframe_Setting=false
then TrendCCI_Period=34 and EntryCCI_Period=14 from M1 to MN
3) On another 5 min chart we attach ZZ_MTF_XO_A, settings 240,4.5
4) Stocastic 12/4/3
5) The settings in the Forex_Freedom_v2 indicator are the defualt values as attached in your post.
**** can you PLEASE direct me to the thread where I can get more information about this Forex_Freedom indicator and how to trade it.
Thank you
AscTrend
If you are in the middle of a trade, with all Xo's still in your direction, and the Asctrend dot comes up in the opposite direction, are you looking to exit at this point?
Thanks
Tim
KirPER1, KirPEr2, KirPER3 and KirPER4 are all 5.0
I use the ZZ_4_TF_XO as per attached example. Settings are: 60/5; 30/6; 15/5; 5/5.
This is from his post above.
About Forex Freedom, search for forex freeway. Freedom is multi timeframe version.
Hi Valeo
You are a man. Thank you for quick update. I zipped all 10 indicators in a zip file.
Good luck