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I could not find the log file. I looked in both log directories but they did not have any output file like shown above.
Hello everyone, Since the next star appears after 1 minute of the next day and I think most of us are sleeping at this hour, it is possible to make a simple EA to take this first trade of the day ? Thank you for all your great work Kiads.
You should not be trading on the star indicator alone.
Participant Rank: Member I think e3 has quite a good explanation before, you might want to reference to this for your testing of SSS indicator. Just remember that it will repaint and the symbols will disappear. To have high probability, use it to trade in Daily TF imo. BlackStack wrote: e3 wrote: If anyone has an explanation of the meaning of the smiley, skull and stars I would like that information as well. Thanks in advance. The star shows the direction for the next bar. The skull shows the direction for the current bar. When they are on top means that it should go down, and visa versa. I’m not using the smiley, but I think it shows a higher high and a lower low. Possibly those points may be returned to at some point in the future (maybe years away).
Actually, that was a BlackStack response to e3.
this is signal form in morning 5.30am(IST)BROKER TIME 00.00 after day close lets see……. THIS IS ENTRY ACCORDING TO POINT NO 2
The only signal that i can see on there is that there is a star with a skull on the next bar. I don’s understand the numbering shown.
Hi Brother, I use default MT4 Fibonacci Arch Tool.. for that half ellipse .. MTH
Thanks Blackstack and Kiads for your reply. I mean, i have tried fibarc, but after i click at one point (lets say the level line of smiley), hold my mouse, moving it vertically, and release the mouse. I have ticked at “ellips”, trying to make a circle. But i got a very big ellips line, some times they are “flat”, almost like horizontal lines. What is wrong? Thanks in advance.
Try to go down vertically first, then you can move where you want after you see the arc. In the parameters tab is a setting for scale. Set it to around 300 to be more circular. But you can set it to whatever suits you.
This is really great, thanks bro I forget how to make the line to be “cycle” instead of levels. Could you please explain it ? Thanks in advance.
Try fibarc
If anyone has an explanation of the meaning of the smiley, skull and stars I would like that information as well. Thanks in advance.
The star shows the direction for the next bar. The skull shows the direction for the current bar. When they are on top means that it should go down, and visa versa.
I’m not using the smiley, but I think it shows a higher high and a lower low. Possibly those points may be returned to at some point in the future (maybe years away).
I tested putting a vertical line where a currency crosses the top +1 or bottom -1 lines and switched to a lower time frame. When switching back to the same time frame again the crosses are not where the vertical line is. Is it recalculating different values?
Can you add an alert when a line crosses the top and bottom values (-1 and +1)? Can these numbers be user defined?
Thanks
Good observations. What you need now is standard deviation bands for the red and green lines and when they get too far apart then it is time to entre a trade to the green line.
SaverO,
Thanks for the indicator. I was looking at it for the 5 minute time frame and it repaints the last 6 or so bars. Is it necessary for it to do that? I don’t see a need for it. Once it calculates the value of the longs or shorts for a particular bar it could keep it at that value.
Well actually Kiads you raise a good point about exchange of fiat currencies and barter. Barter is exchange of goods or services directly without the use of money. Since currencies are not money, maybe then it is like barter.
Anyway hopefully this current system will send soon (maybe by October) and a sound money system will be used again. Enjoy your FX trading while you can.
Umm.. don’t you think that ‘intrinsic value’ term is also result from an agreement between societies (not all human, only who that called them self ‘civilized societies’).. because when I try to trade with remote island tribe to exchange my gold nugget with banana, they throw out my gold nugget…lol… (sorry it’s only a joke..). Best Regards MTH
Hi Kiads,
I think you are talking about a barter trade instead of a monetary system. That remote tribe must also know that a banana is a poor form of money, since if they store a room fill of them in time they would be worthless. When something is chosen as money its value is relative to other things, which is best determined by the market. An ounce of gold is always worth an ounce of gold.
What you are exchanging with money is really stored human labour. When central banks are printing trillions of new dollars, euros, etc. into existence they are making human labour worthless. To get a new ounce of gold into a monetary system takes a lot of human effort. The banks are making new currency notes with minimal effort, more so with digital currency. The current corrupt fiat money system must end.
Hi Brother, Please forgive me.. I just ordinary man, so this is only my own opinion without any ‘formal’ knowledge. Is not about indicators or tools, it just my own experience starring chart for more than 12 years.. , even we could see it with only naked chart (since chart also indicator).. But isn’t that what trading is about. I like your statement! Look guys, it is good to know how these things work…but that is all. Don’t try to learn it, it is for you info only. There are some guys who know this staff better than anyone else but they are shit traders, hence they teach others :D Also the way to make money and others fall for it. So Kiads here is giving you best advice you can get…experience in the end will make you profitable but you have to watch that staff, feel it. I am not saying that indis does not work, I am saying without your own judgment they will not work as market is not mechanical and you are not computers…. Even if you will find value indicator, you will have to make judgment call whether VALUE will chase price or the other way around, only in few situations it will be obvious. Now, I will be quiet and you guys continue, sorry to cut in.
Indeed, Brother.. You Also 100% correct We need all the fundamental about macro and micro world economics knowledge as the strong base to stand and back up our ‘point of view’.. and yes spot FX is only illusion part of the whole process , and to look from the correct ‘point of view’ we need deep inter market analysis, not only single pair currency chart or only 8 major currencies charts… from spot FX side… and about ‘money’, my own opinion about what the meaning of ‘money’ is only subjective measure tools.. base on temporary agreements between party involved… Best Regards MTH PS. btw I’m waiting my next ‘soon’ in W1 point of view..for EURUSD..
and about ‘money’, my own opinion about what the meaning of ‘money’ is only subjective measure tools.. base on temporary agreements between party involved…
This is also fiat money. When you need an agreement to call it money then it probably is not money. If there is no intrinsic value then it is not money.
I copied this from a webpage, as I would not explain it as well as this does.
According to Aristotle, for something to be considered money, is has to fulfill four characteristics:
1) It must be durable. It can’t fade, corrode.
2) It must be portable. It has to be ‘dense’ so that you can take it with you when you travel to the market.
3) It must be divisible or, ‘fungible.’ This means that if you break it up into smaller pieces each smaller piece when you add them up will equal the value of the original piece.
4) It must have intrinsic value. This means it must have value whether or not it’s used as money per se.
Governments issue fiat money. Fiat … by decree of the government saying that the currency is money when it is not. What is the intrinsic value of a paper currency? The value of the paper it is written on.
Manipulation is not a byproduct of the market. It is a prime driver of most markets. Easier to do manipulation on stock and bond markets because they are so small. More difficult to do with the currency exchange market but the governments have admitted that they have been doing it.
The FX market is currency exchange. Currencies are not money. They are issued by government by fiat. Hence the term fiat money, which is what a currency is. Gold is money.
please everybody read what revolution has said in his quote this is the way market works there is no other way but this way. limit order/stops/……
Yes it is. Do you know of any brokers that would let you see those orders? Dukascopy gives limited information but it moves too fast to make any use of.
flx23,
As you mentioned the total system’s capital is not constant. With every country in the world debasing their currencies by printing money (QE) the total amount is constantly increasing, by a lot (trillions of dollars worth!!) every year.
I’m not clear on what the volume is that the brokers have. Is it just for the one broker, or do they get information from somewhere else?
I think that there is a lot of information of the currency strength in just the monthly trend. The monthly trend does not change direction many times in a year (maybe 3-5 times a year). Someone on another forum uses a 2 period LWMA for a monthly trend. Which he works out to the 40 period LWMA on the daily time frame. I work it out to 60 period with metatrader time periods. Most people historically have used 50 period MA and 200 period MA. Very simply only buy above the daily 50 and 200 and only sell below the daily 50 and 200.
Market sentiment has a lot to do with currency strength. A 50 MA cross below the 200 MA is called the death cross. You can see what the market sentiment is by the name of that cross. The 50 MA cross above the 200 MA is the golden cross.
Remember that Momentum is a physical force – it needs a greater force in the opposite direction in order to stop and reverse it. G.
Momentum is not Force, rather Force is a part of momentum:
Force = mass x acceleration
Momentum = mass x velocity
Therefore:
Force x Time = Momentum
Applying a force for 1 hour to an object will give it more momentum than the same force for 1 minute.
What is the force for forex then? Volume could be a force. However, there is bull volume and bear volume. When bull volume is greate than bear volume the bull volume will move the price up, temporarily at least.
Take a closer look – cc you posted is not the same… Look at the far left when in mine GBP crosses the USD and yours doesn’t, and a bunch of other diffs… G.
The two charts are not exactly lined up over each other. Compare by using the candles where they cross.
