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Is this a smart key

smokey22

Member
I hr chart
Eur/Usd

Signal given a 10 am New York time.

Blue Buy
Red sell

How I have traded this is place a pending order top and bottom of color bar
tp is the length of bar.

Cheers
Smokey22
 

Attachments

  • fx_key.ex4
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fxtr8der

New member
I hr chart
Eur/Usd

Signal given a 10 am New York time.
more like 3
Blue Buy
Red sell

How I have traded this is place a pending order top and bottom of color bar
tp is the length of bar.

Cheers
Smokey22

The chart you attached... is it 10am New York? Please confirm.

Thanks
 

smokey22

Member
The chart you attached... is it 10am New York? Please confirm.

Thanks


The correct time is 10am New York time, what I have noticed on the pic it is set for 10am London time. Looks Like it will work on both opens.
Sorry to confuse you with this.

I do know it work well set on the 10am New York time.

Smokey22
 

fxtr8der

New member
The correct time is 10am New York time, what I have noticed on the pic it is set for 10am London time. Looks Like it will work on both opens.
Sorry to confuse you with this.

I do know it work well set on the 10am New York time.

Smokey22

Just did a visual with 10am NY. Doesn't look too good. Any idea whats the logic behind?
 

maximo

Member
Thanks Smokey!

Looks like a good one to make an AutoTrading bot from.

The signal is +/- angle of a smoothed average of Highs & Lows
I'll add an option to display this specialised average next.

Encl. I added number of bars to speed it up.
 

maximo

Member
I have added new features to show AllTimes and the average of the highs and lows it uses.

You can set it back to the original by setting AllTimes=False
and Average=False.

The color of the bars is determined by the Angle of the average of the highs and lows.
 

fxtr8der

New member
I have added new features to show AllTimes and the average of the highs and lows it uses.

You can set it back to the original by setting AllTimes=False
and Average=False.

The color of the bars is determined by the Angle of the average of the highs and lows.

Hi maximo,

Pardon me for my ignorance but what is the purpose of the added features?

Thanks
 

maximo

Member
Hi maximo,

Pardon me for my ignorance but what is the purpose of the added features?

Thanks


The added features allow us to see how the signals are determined and not blindly follow the signal at a particular hour of the day. Also, as a trader you can be creative with your own system if you want to be. I prefer to enter signals as soon as possible and not wait hours to enter or whatever logic was intended by it's maker. Unfortunately I don't have the manual, but niether do I need a manual to drive a car...

The pic is how I like to use it. Note: Signal colours are reversed to follow the trend not trade counter to it, which is what it's maker intended. Obvious when you look at the names of the original colour labels.
 

Attachments

  • Fx-Key-NZDUSD.jpg
    Fx-Key-NZDUSD.jpg
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maximo

Member
Can we have the manual. i am not able to understand clearly how it works..:confused:

Is it that intuitive psaini?

The colours certainly are not and niether is trading countertrend, though some people prefer too. Some currency pairs work okay with that style of trading like GBPUSD for example.

The manual would be good if anyone has it.
 

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