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Thread: Slope System

  1. #11
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    it works! thanks. Now, has anyone ideas about the settings? I applied 140 and 12 as stated by Madscalp but what about "method" and "price" ? (assuming the figures mean the MT4-language standards) I will give this indicator a (prudent) try on my live account as of next monday.
    Best regards,
    Ludo

  2. #12
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    Quote Originally Posted by ludo View Post
    it works! thanks. Now, has anyone ideas about the settings? I applied 140 and 12 as stated by Madscalp but what about "method" and "price" ? (assuming the figures mean the MT4-language standards) I will give this indicator a (prudent) try on my live account as of next monday.
    Best regards,
    Ludo
    Hi Ludo
    Basic settings are 140 and 12 for periods , 3 and 3 for method and 0 and 0 for price.
    I suggest you London session with EURUSD or GBPUSD.
    If you trade regularly ( with success ...lol), please post your results for funyoo.
    Regards.
    Last edited by madscalp; 01-25-2009 at 14:28.

  3. #13

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    Madscalp.. your slope indicator is awesome. I have been testing it for the past few days and its made me a number of pips on 5 min GBPUSD. The secret is only to enter when the indicator stays the same colour on the second bar, just for confirmation.

    An EA would be good for this as it would take out the emotion.. i find i close positions too early.. had I let them run, i could have pocked more pips.

    Granted, not every trade is goining to make money... especially as there is a lot of repainting.. but i can guarantee you will make more money than loose with this indicator. Thanks for sharing!!!

  4. #14
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    Hi viv108
    Thanks for your contribution.
    I'm also thinking that the second bar should be awaited for confirmation.
    I made a few pips this morning ( in France ) with this system too .
    Now we are waiting for an EA

  5. #15
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    I use only one slope indicator, set at 12, and the Goldminer set at 7, 5.6 and 300. I then wait for the second bar in goldminer after the color changes, and if the color (or colour for the British...) is identical to the color of the slope indicator, I open an order. It pays to check the trend on a longer timeframe: I trade on M5 and do the extra check on H1. As soon as the order gets filled, i place a TakeProfit order of +10 pips. It works best on strong trends, not so good in ranging markets. I'd love to have a sound alert when the GoldminerIndicator changes color and also have the possibility to include a magic number or to have someone code this into an EA. Anyone out there?
    Best regards,
    Ludo

  6. #16

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    funyoo.. or anyone else? you reckon you can wave your wand and turn this into an EA. Remember only to enter a trade when at the second bar (if the small line is the same colour as the main signal).

  7. #17

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    Hello,

    I think Funyoo would code an ea for it if someone would post an account statement to back up claims that it is profitable. Surely the people that posted on this so far can at least do that? if not why do people want funyoo to waive his requirement if a statement can not be posted by someone showing it is profitable. It takes less than a minute to post a statement.

    Regards,
    Jeff

    Quote Originally Posted by Viv108 View Post
    funyoo.. or anyone else? you reckon you can wave your wand and turn this into an EA. Remember only to enter a trade when at the second bar (if the small line is the same colour as the main signal).
    Last edited by AZJeff; 01-29-2009 at 01:00.

  8. #18

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    umm.. 2 things:

    EAs are being created without posting statements. No harm trying with this one.


    Secondly and more importantly, i did not ask funyoo to waive his requirement.. i asked him to 'wave his wand' - i was implying he was a magician because they can wave their wands and make magic, like he has been doing in the past.

  9. #19
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    Hi all
    2 trades this morning
    - 8 pips and - 6 pips because no trend on EU
    I missed a good short at 1:00 PM
    this afternoon this one after change color main SDL : + 44 pips

  10. #20

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    Hey funyoo.. is the slope system here the same one as shown here: http://www.tradingsystemforex.com/ex...n-line-ea.html

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