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As this is based on the Master Candle method, which time frame does it identify the master candle in – it appears to be a 4H candle or is a zone? If someone could advise me I would appreciate it.
Thanks guys
maahome
Hi LearnAlways,
Thank you for this – I will have a look at it and see if it can do what I need.
regards
maahome
Hi all – has anyone had success with this EA and if so can you share your settings please. I have tried some backtests but I am unable to get the EA to run. I have made sure the allow dll is ticked in the options, if anyone can point me in the right direction I would be very thankful
Regards
maahome
Update – I have the EA running now – thanks to all.
Hi Guys,
I did not attach any of the indi’s templates for my post #4010. I have tried to go back and edit it to add them but I have been unable to (sorry admin). For anyone who wants them they are attached to this post. PLEASE NOTE: The SnS indicator is not included so unless you are on Kiad’s list of friends the the template will not be much use to you.
maahome
Hi mak,
Yes that is so but that would also depend on time frames as a possible zone on a 5 minute chart may will be a blip on the radar on a daily chart. If you wanted to look at that idea then I think it would need to be reflected as a percentage of the zone size somehow based on candle size perhaps (I do not know how we can quantify that). The current indicator has the setting to use narrow bands as true or false – this simply seems to apply the zone to the wick of the creating candle which attempts to aim at a top or bottom zone which is in theory a stronger rejection area.
Not being a coder I really do not know how these are calculated :( Hopefully someone will run with it :)
maahome
Hi Kiads, This thread seems to have stopped. Is the SnS indicator no longer under development? Regards maahome
Hi Brother, Yes SnS with Smiley still in testing phase for couple months.. so far so good.. Maybe when I think the final version already stable, I will share it with ‘selected’ Brothers and Sisters here by asking demo account number so I can create personalized version. Honestly I don’t want to share it freely to the whole world..lol. I don’t like if that arrogance guys from Fucking Factory take the benefit from my work.. hahaha.. Hope You Understand and wish You all the best MTH
Hi Kiads,
I know of the many problems that you suffered in the past with FF and understand fully your thoughts on this. I thought that the testing may have been the case but was surprised at how the thread went “quiet” – not just you my friend! I am hoping to share another simple method that uses your SnS indicator that may give our friends some more ideas in the near future. Your SnS indicator can be very useful when used in context on other time frames also and once people grasp the many ways to “read” it they will reap the benefits.
Kiads, just off topic, I asked for some help in another topic to modify an indicator I use, would you please look at it if you have time (and I know that is probably impossible when I think of all your projects!) but anyway the thread I started is here: http://www.penguintraders.com/forums/topic/supply-and-demand-indicator/
Take care and be well
maahome
Hi Kiads,
This thread seems to have stopped. Is the SnS indicator no longer under development?
Regards
maahome
Hi Budi, yes it will be fascinating to see what Kiads does with this tool. I am sure that after he is finished his research and testing then he will share with the people he trusts. At this time he has many other projects here that are very interesting to follow the latest one seems to be here: http://www.penguintraders.com/forums/topic/mth-ohlc-mtf-moving-average/
Regards
maahome
This thread seems very quiet guys. Kiads, are you still working on SnS? I hope everyone is making many pips :)
maahome
I am looking at this set up but have some questions? The trade basket manager has a Magic number field and the HGI ea on each chart has a magic number also. Do you need to enter every chart magic number into the trade manager field or does it take over each of the trades and you just need one number in it? Your chart setup for the Basket Manager – are these other indicators you have to show history and so on?
Sorry if this is a silly question but I do not have much experience with EA’s and wass just interested to see how this one works and it gives me something to play with for ideas
Many thanks for your help
maahome
Dear Brother Kiads,
I hope you are well. I was wondering if you have made any further advances on your SnS “Smiley” version at this time. Your work is so fascinating for me I can hardly wait to see what you will do next :)
Be well and good trading to you
maahome
Hi Maahome, Thank you for your recipe, look awesome :) Do you check those stuff fibo, pivot, PA….or only focus the same signal given by ZZ,TZ, SnS, S/D and Value candle and you enter trade? Thanks! Paladim
Hi Paladim, I trade on the SnS all the time on each of it’s signals which gives me lots of activity :) and also a lot more losers (and winners) – I consider these to be weaker trades overall so I use a much smaller trade size (1/10th of a trade size where all the indicators are present). When I get the confluence of a PTZ, ZZ Low, SnS, then this is a strong opportunity. If it also includes a supply/demand zone forming and the value candles have been in oversold or overbought zones then it is a super strong opportunity. One point I did not mention is that I look for the SnS skull at the open of the first candle after the midbar of the PTZ – this is the optimal position for me.
I do not use fibo pivot or PA myself. I made mention of Kiads’ fibo method for projecting a possible profit target for those of us who prefer a “hard” target when you get a running trade. If you are happy to wait for the high probability trades you will do extremely well I am sure. Hope this helps to explain a little more.
Regards
Maahome
My good friend Kiads,
Thank you for your kind words. It is through the generosity of people like yourself that allow us to move forward and become better at what we do. I share my thoughts with my friends so that they can also benefit and by doing that we can only improve each others lives for the better. Kiads I sent you an email around Christmas time with a suggestion for perhaps helping other people (not necessarily traders) – have you given this some thought brother?
Take care and be safe and well
maahome
A Trading Strategy for TZ SnS
Please note this is educational only and is no one else’s opinion but my own
Hello all my fellow traders. I wish to write to share my experiences with the great work done by Kiads in “lighting the way” for so many people. We all have very different ideas on trading and also money management, risk taking and so on because each of us has a different risk profile. The following ideas are purely my opinions on how I use the tools Kiads provides as well as others of my own that I like to use. Of the many great ideas he and others have shared here, I like the SnS, Xixi TZ with sequencer and the Marked ZigZag channel indicator. As well I use a supply and demand indicator as well as a Value Chart indicator.
I prefer to trade on the 4hr chart and daily chart so I am not looking at the shorter time frames. I place more importance on trades that have a confluence of indicators AND I also take positions that are weaker or counter trend. These positions are much weaker so I use a much smaller position size on them. For money management I use a very aggressive trade size sequence and this is due to the fact that the methods behind the trades are so very strong. The stops on the trades are also short compared to the profit targets. I think here it is each traders decisions on risk reward etc that becomes their final decision. While explaining how I get to my trade decision I think it is best not to confuse it with my money management style, but I will say that during a trade sequence I will have a maximum capital risk factor of 18%. For this to occur I would need to have 25 consecutive losing trades and I can state that this has never occurred to date.
Ok, I will now walk through a small period on a daily chart to show what I look for and how I place my trades stops take profits etc. you can view the rest of the chart after you follow the trade selections Just as a disclaimer, I do like to trade so I take positions that are not always strong but over time they are profitable, the daily positions are my favourite trades and also the more profitable. PLEASE NOTE, this is just my opinion and trading style and this may not be suitable to others, I am only sharing my own experiences.
The charts have the following indicators:
1. ! MTH b700+ SubSeq 13th Next Star 1.0
2. ! MTH b700+ Mod Xixi TZ with Sequencer Indi
3. ! MTH b700+ Marked ZigZag Channel Indi
4. SupDem (Supply and Demand)
5. Value_Chart_Deluxe_Edition_v1_0_2
6. !___MTH MT4 B610 Market Time Indi
I will use the USDJPY pair for the recent examples, the broker is Go Markets.
Take Profit Stop Loss trade settings.
4 Hour : Take Profit is usually set at the AH4R range or thereabouts (I set the USDJPY to 30 pips – it is currently showing 28.7pips) The stop loss I set to the low of the previous candle + 5% of that candles range, so if the candle range was 100 pips and the low was say 114.100 then my stop would be at 114.050 – this is calculated on the low not the close so if it is a long pin bar there will be a very long stop, if it is a marubozu candle then it will be a short stop.
When I get to a plus 20 pip profit I will move my stop to entry + 1. This will cause a lot of trades to scratch out but there is always another trade and quite often once the 20 pip mark is reached the trade continues, if the position reverses and takes out the stop then you have had a strong reversal. Also, I am not awake 24 hours a day so I usually do not trade on the 20:00 GMT opening candle.
Daily: The daily trades have one major difference to the 4hr trades, I split the trade into 2 equal parts. For the example let us assume the total trade is .02 lots, we would have 2 x .01 lots. Again I like to use the ADR for a target, if it greater than 80 pips I use 80 pips as the profit target. The stop loss is calculated the same as the 4hr – 5% of the previous candle range. SPECIAL NOTE: when on the sell side I add spread to the stop (depending on the pair or the broker it will vary, I use a hard setting of 3 pips personally so if I have a sell position with a calculated stop of say 114.050, it will set this to 114.080 to allow for the spread).
To set up the split position I do the following: Trade 1 – Stop loss set with take profit at ADR or 80pips whichever is the lower. Trade 2 – Stop Loss set but no take profit
Once a trade moves around 50 + pips in my favour I will again move both to entry +1 and the same applies as in the 4hr scenario, remember there is always another trade! If the take profit is hit on trade 1 then we have pocketed a nice profit and we now have a running trade on the second half of the position. With this trade I will let it run until I get a reversal signal, which is usually an SnS skull in the opposite direction. If you want to aim for a specific target then I suggest you look up Kiads’ post on how he uses his fib retracement for a target in conjunction with the TZ indicator :)
OK, lets get to the good stuff! First I apologise for not knowing how to put commentary onto the chart so please forgive me guys. I will do the daily chart only but I have posted the 4hr as well. A point to note here is if the 4hr and the daily chart “agree” you have a strong trade possibility on the 4hr position.
Daily Chart commencing 16th October 2014
On this Day we have a confluence of ZZ, SnS, S/D , Value and TZ – this is a really strong trade, with many factors in play. This trade opened at 105.90 and my stop was at 105.07 (83pips). The low for the day was 105.500 so we had a drawdown of 40 pips at some point in the day we closed the day at 106.320 and I moved my stops to entry +1 at the start of the following day. I am now in a no loss situation on this trade. The next day we hit a high of 106.930 and achieved the profit target of 106.700. We have now pocketed 80 pips and have a no loss “running” trade. This trade was live until the open on the 24th October when an SnS skull appeared for a reversal signal at which time the trade was closed at 108.250 for a profit of 235 pips + 80 pips.
We now have a sell signal on the 24th, this is a weak signal as there is no confluence. The trade was opened at 108.250 with a stop at 108:440 – note this is a short stop. The position closed the day at 108.140 and then we had a gap up on open to 108.334 and then headed down to close at 107.800. The next open gives us an SnS reversal to buy at 107.800 and we pocket 45 pips and enter the buy trade. The new trade has a stop loss set at 107.560 (24 pips).
We are now in 2 open buy trades as described earlier. The first half is closed on the 29th for 80 pips profit and the stop on the remaining trade is at entry +1 (no loss situation). Price continued to move up and the trade was closed on an SnS reversal signal on the 4th November for 640 pips profit on that part of the trade.
We now have a sell trade on with a 26 pip stop in place. The trade moves down and we get 80 pips on the first half and move the stop to +1 on the second half. The next day price continues against us and the trade is close at the +1.
Our next entry is a sell trade on the 12th November and we have a 39 pip stop loss in place. The trade moves lower and we again get our 80 pip profit and move the second part to entry +1. the market continues to rise and we are again closed out on the second trade at +1.
The next trade is again a sell on the 18th November ad we have a 49 pip stop. this trade goes against us and we suffer a full loss of 49 pips.
The next sell trade is on the 21st November and it results in the first half reaching the 80 pips and we move the second part to entry +1. The next day we get a reversal signal and we close the second part for a profit of 32 pips and open a buy position. This trade is moved up to a +1 but the market turns and we are stopped out at +1 (again a no loss trade)
Our next entry is a buy trade on the 28th November. we have a stop of 50 pips in place. The first part of the trade gets the 80 pip target and we move the second part to entry +1 . The second part continues to move upwards and gets to 380+ pips when a transient zone appears. At this point I convert the trade to a trailing stop of 100 pips which gets taken out on the 8th December and leaves me a 280 pip profit on that side of the trade.
I am sure by now you can see where the next trade will be and it is a very strong “confluence” trade with ZZ,TZ, SnS, S/D and Value candle all saying it is a very good buy opportunity. (Hint – this trade netted around 530 pips total profit and we had an initial stop loss set at 83 pips).
I will leave you to explore the rest of the chart and also the 4hr chart for yourselves.
Happy Trading to all and many thanks to Kiads for supplying these wonderful trading aids
Kiads, I am waiting for your smiley SnS and I can only imagine how that will work :)
Regards
maahome
Many thanks Kiads – I thought that would be the case but needed to check with the master :). Just so I am sure that I am doing it correctly, I have a daily chart (AUDUSD) that today show down skull and a 4 hr chart that has produced an up skull at 04:00. I then have another 4H chart with one instance set to “current” and one set to 1440 to place daily SnS on to it. The daily SNS chart is showing down but the chart with both time frames shows up signal on 4hr and the daily set also shows an up signal (it reads the same direction whenever the 4H prints a skull the daily setting does also).
I have attached a picture that shows the chart with the 4h indi in yellow and the daily in white you will see that always shows same as 4h skull (stars do not do this). This is showing an up skull for the daily (white) which on the daily chart is showing a down (skull chart attached)
Be well my friend
maahome
Hi Kiads,
Happy New Year! I am using the SS indicator and have a question. I have placed 2 instances on a 4h chart one set to “current” and the other set to “1440 (daily)” with a different ID. I notice that there are many more daily SS instances than when it is on a daily chart set to current. Is there a reason for this behaviour or is the daily instance on the 4h chart placing indications at optimal points throughout the day? It appears to place the daily skull indi’s at same place as 4h candle skull indi.
Your guidance on this would be greatly appreciated my friend
regards
maahome
Hi sharker,
I really only trade off 4hr and daily charts but I often drill down to lower time frames to see if there is something else “talking” to me. In this instance there was a definite area showing at that point in time and I just wanted to post to confirm that Kiads reading was so spot on. I was ready to go short on the 4h candle and just happened to look at the 1h and it simply confirmed the trade for me. Took some pips and reentered again later.
All the best
maahome
Hi Kiads,
I liked your call on the EURUSD at 1.2300. If anyone took the time to notice, there were several indications that this was a strong rejection zone. If you look at the SS indi on a 1hr chart there are a number of down skull indications at that level, that is a clue right there to start with. Also we have a bottom area building at the same time so the market is forming a point of control at the 1.2260-1.2300 price area. Each time price touched this top edge of the zone it was rejected. We can see pressure is building until at last the demand had dried up and the sellers take control to push it through the bottom edge with strength and most likely market makers have removed liquidity as well at the same time and then if you “look left” you will see empty space….
On a rebound I am expecting to see sellside supply at 1.2240, 1.2265 and again at 1.2310-20 (sorry for no 5th digit people) and that is probably the level you can see the big boys playing at. If you go to a 4hr chart you will again see a strong rejection at at 1.2300 level where price has rotated away from it with speed. Lastly, looking at a daily chart you will see a bottom edge at 1.2310-20 area that was again broken with strong selling.
Take care and happy trading guys
maahome
Hi Kiads,
I have a question on TV indicator settings. I have tried both alert settings 1 and 0 but they seem to be the same for me when I test. If 0 is current candle, does this mean the marker is read at the open of the following candle or the open of the candle 2 further? the indicator marker appears 2 candles back from the current candle, am I understanding this correctly? If we call the candle with the marker bar 1 then bar 2 has to close to make the marker appear if we use current candle setting (0) if we use setting 1 then bar 3 has to close for marker to appear? Am I correct?
Thank you
maahome
Kiads,
Again you are so correct. Everyone sees things differently, your comment on the eurusd was a good one, I was sell side on that particular trade and I simply got it wrong :( What I am finding so helpful from this thread is the way that people use the different tools, I am currently studying more on PTZ/TZ and wanting to apply that to my knowledge as well. I was fortunate enough to be given some incredible hands on training by a friend who is a prop desk trader and I can assure you all they look at things in a far different light to how most retail traders do.
Kiads, you may recall I was speaking about Delta indicator to assist with trading as I could not find the same as he had for MT4 and then you and GG made the TV indi which is not the same but it is close and can certainly assist! If one goes to a one hour chart and looks at the TV indi it shows divergence when price was rising and that also hinted at several things, pressed buy limits sitting under the market level which also had TZ’s under it and a point of control area. Price has accepted higher for some time and then we got the breakout. Anyone watching the charts may have spotted this, I must confess I did not as I had placed the sell trade earlier with a stop on it because I believed the move had run out of steam and as I had another meetings to attend :( The point is, what Kiads is saying is so true, just because an indicator says something will happen does not make it true. Indicators are just that, indicators to help you see possible opportunities
Good trading to all and again many thanks to those people here who share there time and skills for all to learn from
maahome
Dear Kiads,
Thank you for your kind offer. I am using B700 zigzag V1.00. I was really interested about when the up and down prices appeared to be truthful. I wondered if they appeared after the current candle closed or at a later time because I seem to see a price sometimes when I am sure that was not there when the candle closed. I like to use your zigzag on 4hr and daily to combine with SS and also the tick volume indicator to give me a signal that there is a possible trade coming up. The price print on the up and down candle field was very interesting and that was why I asked when it printed. I will now try the new zigzag and see how it fits. I am not a short term trader and after a little while I will share how I use your wonderful indicators to give me a signal to enter & exit trades.
Many thanks again for all you do for everyone.
maahome
Dear Kiads, am using your marked zigzag channel indicator and wanted to ask a question about the data window information that appears. the fields for candle up and candle down. Can you please tell me when these appear, is it at the close of the candle to predict the following candle or can they appear at any time in the future based on price movement? Also do these numbers repaint? If you click the attachment it will show the fields. Your advice is appreciated. Thank you my friend for your help maahome
Hi Again Kiads, can you advise me on the query above please
Thanks
maahome
Dear Kiads,
am using your marked zigzag channel indicator and wanted to ask a question about the data window information that appears. the fields for candle up and candle down. Can you please tell me when these appear, is it at the close of the candle to predict the following candle or can they appear at any time in the future based on price movement? Also do these numbers repaint? If you click the attachment it will show the fields.
Your advice is appreciated.
Thank you my friend for your help
maahome
Hi Kiads,
As always , incredible job! Does this mean that your TVI version will auto refresh? Also I am using your ZZ indi with the SS indi and I wonder if you ever do a manual for the ZZ indi? I would like to learn more about this one as it seems to suit my style when I “look” at the charts
Thanks again my friend for all your efforts (and to everyone else here too!)
maahome
