Recent content by princepawn

I wrote a Metatrader EA to make using this technique simpler. You can view the documentation and overview in the source code repository. You are also welcome to download it, provided I am not held liable for losses incurred by it's usage.

Hi Captain Currency, 1 - the PDF manual has a grammatical mistake when describing the high. There are two sentences joined by a comma. It says "What you are looking for on the 5 min chart is for the current price to move above a high, price should also be above the sma when it does move above...

I recommend 2 automated forex trading services - my friend Michael. You can meet us on skype and get to know us. He had several trial months dating back to January and now he is trading a live 1k account with 1k lot sizes and you can scale them to your account size (i'm trading $4500 here and...

It's the break beyond the recent high/low on the M5 AND it should be above the SMA. There is a serious grammar error in Step 3 in the PDF, but I will post verbatim and you will see that both criteria must be met:

Here we see an example where H4 and H1 are showing short but the M5 is not. Because it is a short, we are looking for the lowest price for a breakthrough, not the highest, so which of the arrows should be use as criteria?

It's both. The thing is, the PDF discusses things in terms of the H4 and H1 indicating and confirming a long trade, thus when you use the M5 chart, you are looking for the price to go higher. Me, and presumably the babypips thread, were discussing things when the H4 and H1 charts indicated and...

It did look good briefly there, but is back up above the M5 SMA. Did you get a 10-20 pip gain on this? How are you doing overall with this?

Yes here is a screenshot. If you look at the M5 chart, It caught the entry and bounced back up. But yes, a short is it:

If you notice, the H1 price is going above and below the SMA. So, when I first saw the H1 it was above, but by the time I took the snapshot, it was below. Or at least that's my hypothesis for why I posted a set of screenshots where only the first duck was truly lined up.

The screenshot shows the pair on the title bar of each chart. So it is EURUSD. I dont think the slope of the SMA or price matters. What matters is whether the current price is above or below the SMA. But the H1 chart is counter to the H4. The H4 suggests long and the H1 suggests short. I just...

> 1.35635 will line up the third duck? I read the document, but another new live example never hurts. In this image we see the H4 and H1 charts showing LONG trend. the M5 chart needs to break 1.35635 before we enter this trade, per the description of how to find the high, correct?