NVP, what's the instrument you use for gold in the goldmeter? XAU cash index?
I need to talk to Jason Rogers about the MT4 platform for FXCM...
Yes, I'm curious about that myself.
NVP are you with World Spreads.. I'm looking for a really good spread betting broker.. I like WS spreads.. Especially their 0 spreads on some Forex pairs..
What is your concern with FXCM? I've had some technical issues with them as well as Alpari so just wondering if you think there's other issues. Yes, can anyone recommend a good broker?
NVP could you tell me the advantages and the disadvantages of using a higher time frame....
Advantages
Theoretically more reliable signals and less noise (investigate why...)...but see my comments below***
Disadvantages
Higher the TF the less trades you have....and you need volume of trades to generate regular income (unless you increase % per trade which is not recommended)
**You expose yourself to a lot more economic news and market activity....double edge sword...
I thought I'd backtest this weeks trading week using the 15m TF... And I have been getting some good signals.. Should I worry about anything?
only reduction in trade volume............remember the 5min 80/20 will have already delivered you some nice action to get the 15m into the same signal !! :smart:
and then a sustained 15m 80/20 signal will activate the 30m , then the 1h 80/20, then the 4h etc etc .......remember the market is just 1 big TF which I will explain in a minute
Also could I mix things up like use one 5m TF and one 15m TF ?
unless you start playing with the delta , by sticking to delta 1 you will see that an ma on the 15m timerame is basically the same as using on the 5m except you devide by 3
a 80ma on the 5m is a 80/3 = 27ma on the 15m .......give or take a spit due to bar closures and ma setting
so theoretically you can trade an 80/20 on the 4h on a 5min chart
the settings on a 5min would be
80 X 48 = 3,840
20 X 48 = 960
a little high but you see my point :smart:
F
I am interested to know rules of this strategy but its thread is so huge
And i cant read all of its pages .
So if possible please describe about its rules to me .
Thanks
Sara
NVP I just firstly want to say great job with this tool and all the instructions with it.... also for being so kind as to share with all of us!
I just wanted to ask a quick question about whether anyone was able to put any alerting/alarming with any conditions such as crossing above the 0 line or when arrows match up ..etc?
Sara go to page 476 Post #3806 - Their are 3 detailed videos explaining how to trade this system/strategy.
Thanks NVP for the explanation, I may experiment with the different timeframes.. I may also change the delta :| .. Just experimenting :smart:
F
hey it can be done......quite easily
if you are not a programmer wait a little and let me get the FXcorrelator website up again by next week (ithas been delayed) as one of my programmers has a nice customised version they built with bells and whistles......
regards
NVP