You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Dabella
Malcik my friend, i will coment in point #3 here with an example of a recent trade in the GBP/USD.
Also with Simba's permission i will make this personal and humble opinion
Please refer to the attached image.
Notice that SATL is blue but Chandelier is down and as we are in a slow moving time of the day, for this example purpouse i will open a short trade.
My first entry at 1.9533 in the first signal of RSI hitting the top.Though not strictly simbasystem(simbasystem with chand in sell mode and blue satl=wait,do not entry),price was below SATl and Chandelier was signalling downtrend..so,you employed an acceptable logic for the entry..This is a good example of reentries because we have a lot (4-5 more times that RSI went down the line and back up to the top).
But, my personal rule here is to have a minimum distance in pips between reentries. How much pips? i usually put 10pips in slow market time and 20pips in prime time...Good rule,I ususally put 25 pips between entries,up to 2 positions ,and, in that case i go for 35/40 pips from the average price..
So, my second entry was at 1.9543.
Target 20 pips (because time of day and time frame of chart M1).
I exit at 1.9523 and 1.9513.
Total 40 pips less spread. In my case that makes 34 pips.
Comments welcome,Besides the above,my only comment is that your second entry was done after recrossing the satl,and this is potentially dangerous,if i were in that situation i would treat the slight penetration of satl as apotential rebounding point so,requiring confirmation-a rebound-in a few minutes,as it happened my best regards to you all,
Daniel.Hi Daniel,
Please see my comments above and congratulations
Simba
shamstec
Hi Simba
I Really Like Your System Since I Found The Thread 2 Days Ago
Some How The System Do Not Show On Chart Except
Rsi And Fibo
Any Help?
ThanksHi shamstec,
Go to the first post of this thread,I have updated the .zip,with all the indicators,even the Satl and the Chandelier,which probably you didn`t have in your platform,unzip them to mt4/experts/indicators..compile and you should be set
Simba
boogie
Hi evryone!
I have seen some tumbnails of simbasystem but i can not achieve such a bluered average on price chart.
How to do this.
Thanks.Hi boogie,
Go to the first post of my simbasystem thread,I have updated the .zip,with all the indicators,even the Satl and the Chandelier,which probably you didn`t have in your platform,unzip them to mt4/experts/indicators..compile and you should be set
Simba
color changed to red.
solved thanks a lot
hi simba
first i d like to thank u very much for ur kind care and effort and patience
i wanted to watch 1H frame becos
- i can see stops at close of 1h bar
- 4h xp is more close to price
- i put mtf _wpr (5M/ 90 of course )
*THE PROBLEM IS
'' WPR SIGNAL ON 5M CHART IS SHIFTED POSITION FROM THE IH CHART ''
ANY IDEA
WISH U THE BEST
REGARDS
Sorry Forgot Pics
I Just Switched From 5m To 1h But The Signal Opposited
shamstec@hotmail.com ..could you please post the MTF_WPR..looks interesting..and i leave and come back and this thread is getting more and more interesting also..great job allof you here and above all Simba for sure
shamstec@hotmail.com ..could you please post the MTF_WPR..looks interesting..and i leave and come back and this thread is getting more and more interesting also..great job allof you here and above all Simba for sure
HI cementman
UR RIGHT
HER UR HOPE IT HELPS
REGARDS
Difference
Hi Simba
I Noticed That
Wpr ( Simba's One On 1st Post 16/2/2007 )
Is Different ( Inversed ) Compared To The One With Alarm
Please See Pic
Regards
shamstec
Hi Simba
I Noticed That
Wpr ( Simba's One On 1st Post 16/2/2007 )
Is Different ( Inversed ) Compared To The One With Alarm
Please See Pic
Regardshi shamstec,obviuously the magenta one is right and the green one is wrong,just check visually...;)
Your problem arises because you use the alert one which is designed for gbpusd 5m..ON USDCHF..the one i use is my modified version of it,and I checked its accuracy(PLEASE RECHECK BY COMPARING WITH ORIGINAL WPR),because i had the same problem as you ),to be able to use for usdchf,usdjpy,eurjpy 5m,and also 1m gbpusd..find them here below attached
Regards
Simba