Posts made by JayPhillbrooks

Are those actual chart objects in the image? Or is it a drawover? I can help if I can see the nodes used. No need to see what's driving the logic.

I personally believe that fixing with screenshots followed by explanations is the best way of going about it because that's what I do when I help. I'm not a fan of fixing and sending it back for them to download unless it's a quick fix but even then a simple explanation is only needed rather than downloading to fix it. We do instructions so that they can develop the muscle memory of actually constructing the strategy rather than depending on others to do it for them especially considering the fact that the people who are able to solve it spends hours on end and many sleepless nights working on their own stuff when they didn't have people to go to who would help solve their issues. Too often newbies ask for help on stuff with too much complexity for their experience. It's just not worth the time to trial and error other people stuff on top of our own. I've been on the receiving end of needing help and not getting it and I'm glad that I didn't because it forced me to actually dig more and experiment more. If people fix and send back that's totally up to them. I'm just of the belief that if you can't follow instructions and visual explanations, then you shouldn't be doing this because you are relying on other people to do the heavy lifting for you rather than learning the process.

I will put my 2 cents in because I think about this stuff a lot and build my EA's with this stuff in mind. I will mainly address the insider information part and technical vs fundamental. Sure there are people utilizing insider information an making profit but to say that it's what you need to be successful, I think that's an excuse for coming up short. You can't believe that while at the same time champion fundamentals. If there is insider information that is based on fundamentals, it's more likely that information was exchanged weeks if not months beforehand. By the time you read any reports which is a known fact that they are delayed, is the information really all that useful enough to put on a position and if you decide to, what technical basis are you using? I personally don't use fundamentals because I'm mentally slow when I see all that jargon and I'm skeptical of any public process, technique, report, or indicator that says '' Hey, X currency is looking bullish/bearish'' and from that moment the masses can put on a trade and all become Bill Gates afterwards. That's my issue with fundamentals and there are levels to how effective fundamentals are and people discuss them as if every fundamental event is huge. Same with technicals. ''I trade support and resistance'' or '' I use Fibonacci'' or '' I'm a breakout trader '' Okay. How often does it work? Do you have an edge that identifies a high likelihood that it's about to work or are you in the market everyday taking every bounce, retracement, or breakout? With all that being said, fundamentals and technicals both have a place, they just don't work all the time and if they do the question becomes how big of a move did it allow and how far did it go against before progressing. There needs to be an edge to complement them in order to be successful. As far as brokers, I'm just not a fan of ones that have rules that don't fit how I trade and they lay it out up front so I avoid them. I don't know if they manipulate price or how and I don't care. Whether they do or not, I went in with the belief that they aren't our friends. There are no friends in a sea of trillions transactions a day.

The setup didn't hold up and that's fine. The Yen pairs is still looking to push up. It's just happening sooner than I expected. I was expecting a much deeper pullback before price pushed back up. I'll post updates for what I'm looking for. I try to work on everything on my days off work so that I can focus more. I'll get out the way of this momentum and see if it hit levels that give better probability.

Here is a way that I refine my entry as tight as I can. I enter in on the one minute chart. I have a template that mark the high and low of each previous 4 hour candle. When price near my signal levels, I like to see price break out the previous 4 hour candles. It's moreso false breakouts because there are plenty of 4 hour breaks deep below and these breakouts don't be profitable. This is where I want to participate in the exchange. I think price will still push up but I need to see some consolidations and some 4 hour breaks. Price could drop before that happens but that's fine. I won't chase it and I have a way to identify solid retracement areas if I do miss it.

I have been watching GBP/CAD for a while. It's been in opposite correlation with USD/JPY. If USD/JPY turns where I am anticipating, I will go long on GBP/CAD from a level that I can see it potentially pushing from. The chart isn't marked up like usual but it does look like a solid opportunity so I will take it.

GBP/USD

Here's an update for USD/JPY. Same template. Since price is moving up, I believe that a sell opportunity is setting up. I didn't take the first interest signal a few weeks ago because at the time I had more reason to believe that it would push up further which it did. Now price is coming back up and if it gets to this level, this is when I believe it to react from. My theory with levels is that it's about timing and how much volume is accumulated above or below before it becomes valid. When I say volume, I mean the actual structure, not the indicator. The structure here is a clean break down through it with a couple days of downward movement. I like the push down first and price coming back up to setup for the sell. If price reaches this level that I avoided the first time, I see it as a far less risky trade this time compared to the first time which I gladly avoided.

USD/JPY

That's it for today. I'm not saying that price will hit those levels soon or if it will at all. I'm just prepared in case it does. If it does, it could be quick or a slow grind for a few days. Every bottom isn't an aggressive spike. It could be a slow roll over as well but I have an Idea of what to look for if that's the case. If it doesn't get there and pushes up instead for a great distance, It's totally fine. F.Y.I. I'm not posting these as signals that I think people should take. This is strictly to show how I blend EA's that I worked really hard on and how I use them to aid me when pulling the trigger. I still put a ton of time in on the charts outside of my EA's. I also still get nervous because I'm using real money and even though results have been good so far, I will be wrong at times. I look for these setups and they take weeks/months to manifest. So I have to get ready and explain my thought process even though price may never get where my attention is focused.

There is a similar setup to the first entry on 12/7/23. Price is nearing walls as well as some 500 levels. There is no guarantee price will get there but I have to be ready. If there is a deep spike like last time, there is where I'm entering. This is where I see the sellers from the top being rewarded and I will gladly buy from them if price spike below these walls.

EUR/USD

EUR/JPY

CHF/JPY
Clustered major levels on Wall makes for stronger reversal probability.(If price gets there.)

CAD/JPY

GBP/JPY
If price aggressively move down soon, I think there is a solid chance it will bounce off the wall.

It's been a while since my last post because there was nothing really interesting going on. It's starting to look like things are about to shake up. It usually takes 3-4 months for setups to start become obvious. Here is an update of USD/JPY. Sadly I put in a sell limit order at my entry prediction and price came just short of it a few pips so it didn't get filled. But that's okay. The push down from that zone is the type of measured move that I anticipated. I'm actually prepared to look for a buy. Not now and I will need to see favorable long conditions be met that would indicate price going back up.

Here is an example. It is a bit of an oversimplification. This usually plays out on a large timeframe but there's only so much room on the chart to draw it.

I will share a video of the EA in the next post to show how the line comes to be.

Now I will demonstrate Template2. This template was actually used along with my other templates. It's the first step that gives me the signal of a move coming later.
Later could mean a few days,few weeks,or a few months. Anytime price gets to this level I get ready and start paying attention to how the other Templates are setting up.
This line which is represented as green dashed lines is a break that I look for. I look for price to spike down through it, the more aggressive the spike, the better. It could be used as an entry but I wouldn't use it as an entry on it's own. My other rules would have to be met to enter on this break. What I actually look for is price to trend up from there.That trend can last for weeks and if longer, it usually consolidates for a while before coming back down. Any buyers at that level and late buyers who jumped on the trend, I want to get in deep below them.It takes patience but it's worth it when I see it setting up.If I were to enter the trade on the break and dump down below the line, I wouldn't hold it as long as I did on the other swings I posted in here.

@DragonZueloTrends said in My EA update:

Que gran trabajo..... muchas gracias por tu esfueerzo.

Gracias. Hay mucho más por venir.

USD/CHF

GBP/CHF

EUR/CHF

GBP/AUD

Here's an update on the previous posts. I closed out all of my positions. As much as I'd like to continue the ride from where I entered, It was best that I closed my positions and get everything sorted out with brokers and moving towards legit ones. I'm a U.S resident and my money was at risk and we are losing access to prop firms. I'm not even sure if we'll be able to use metatrader anymore. Though I don't need it for placing trades, I just need it to run backtests and hopefully it will be available in demo mode and I'll place the trades elsewhere. It's frustrating that I spent all this time and effort only to not be able to use the platform. Thankfully I documented every step of creation incase it have to be created for another platform. Nevertheless, here's an update on the positions I entered. Every trade played out exactly how I expected. I aim to get in as close to the bottom/top as possible and hold for weeks/months. Not bad considering the system was consistent across different pairs.

USD/JPY

EUR/JPY

GBP/JPY

CHF/JPY

CAD/JPY

AUD/JPY

I have a template to share that's showing a setup I look for. These setups take a while to manifest and I'm still long from the bottom that was put in which I posted at the time. They JPY pairs done exactly what I expected and I believe that there's still some upward movement to go. With that being said, I believe that USD/JPY may have some downward movement soon. Even though I'm still long, I applied the sell side templates because price don't go up forever and I play both sides. This template gives me high probable areas to sell from. Doesn't mean I will be right or get it to the exact. I just know that there are enough rules being met for me enter.

1. Price is above the green and spent quite a bit of time above that zone and if it grinds up deeper, it's more likely to retrace back.
2. Price has reached an interest level. Though I gauge them as good entry points, that doesn't mean that I enter on first hit. I much rather prefer the new interest level zone.
   I believe that there is still some upward work to be done before price comes back down by substantial measure. I could be wrong but I'm okay with that. My intuition is telling
   me that it's not the sellers time yet and I don't want to get in too early.
3. My 500 levels are getting hit as well. In this uptrend, I don't think buyers at these levels will see much profitability especially later buyers if price move up. I believe it for them
   to more likely take heat than continue up.
   With all of that being said, if price gets to the second interest area, I'm going short. The sooner the better. If it doesn't, I can live with that.

STEP 1

STEP2

STEP3

STEP4

If you specify exactly which candle, I can give you the instructions.

@Alex81 Those lines are stop loss clusters. Technically stop losses are everywhere but those are the ones I deem to be the important ones. How those lines are generated depends on the strategies used to create them. Some templates are created on smaller timeframes and some on larger timeframes. The strategies used are opening ranges, breakouts, and hedging. And no. No external data. No use of indicators. I learned a lot from Stacey Burks on youtube and though I don't trade his style or use his setups, he gave a ton of insight on ways to perceive price action that isn't much spoke about. So I built this around those concepts.

Create the variable.
Do not use delete objects. That causes all of them to be deleted when price break any mark. You only want the ones deleted that price has broken so use the delete bloc under the loop for chart object section.
I don't think it's a bug or anything. Sometimes you have to tinker around with things to get it to work.