Developing The 5Second & 10Second Chart Settings

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This topic contains 9 replies, has 1 voice, and was last updated by  TenKei 1 year, 1 month ago.

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  • #1769

    TenKei
    Keymaster

    We have two considerations to make in the development of the 5Second and 10Second Chart Settings and that is whether we use:

    1. No Filters – which works

    2. The 1Minute 73 Filter – which works

    We are testing the consistency between the two ideas as shown above but so far, not having any Filters works better than having the 1Minute 73 Filter.

    Why?

    Because the 5Second and 10Second Charts do not and will not have to rely on any Trend as taken from any other TimeFrame.

    This means the 5Second and 10Second Charts will be closely related to the actual movement of the Price and not what seems to be a remote indication of the direction of the market, as the change in direction of the market is deemed in the Second (or Present Moment) and nothing else.

    The 5Second and 10Second Charts are working very well but so are the 1Minute Charts but we are pushing to come up with one choice and one idea, based on the 5Second and 10Second Charts by the end of the week.

    We feel there will and should only be a choice of two Settings maximum being a:

    1. 2:1 Setting – which will be incorporated with an LITP, LIP, TST, TSS

    2. LITP, LIP, TST, TSS Setting

    If you do not know what the above two points mean, please follow the link below to view their meanings within the TenKei CheatSheet.

    https://www.dropbox.com/s/ckztrd0e2fherog/TenKei%20CheatSheet.pdf?dl=0

    Once we have made a decision on the 5Second and 10Second Charts to use, we will update the TenKei CheatSheet.

    • This topic was modified 1 year, 2 months ago by  TenKei.
    #1777

    TenKei
    Keymaster

    As we Research & Develop the 5Second Chart and 10 Second Chart Settings, we thought it a good idea to reveal to you the actual Settings we are testing.

    Why?

    Because, you can Test them along side us, for those of you who have already ran with the ball and set up the 5Second Chart and 10 Second Chart Settings in MT4 ahead of everyone else.

    We are keeping the main Filter at 22.

    Here are our choices, to which we shall wheedle them down to just two, where it will serve both the 5Second Chart and 10 Second Chart Settings:

    1. Infinity:5,5,5,5,1 – 1Minute 73 Filter

    2. Infinity:5,10,10,10,1 – 1Minute 73 Filter

    3. Infinity:5,5,5,5,1 – Max Trades 3 – 1Minute 73 Filter

    4. Infinity:5,5,5,5,2 – No Filter

    They all work but if we put them in order of preference in what has been working most successfully on a consistent basis, please see below:

    4, 2, 3, 1

    Code = TP/Infinity:SL/5, LITP, LIP, TST, TSS

    That’s it so far!

    All four choices worked today – but…

    …we have a feeling number 4 and number 2 will be our choice, for you — but — adding the Max Trades 3 now makes it more attractive too!

    You now have what we are working on!

    Please feel free to Test them out alongside us!

    • This reply was modified 1 year, 2 months ago by  TenKei.
    • This reply was modified 1 year, 2 months ago by  TenKei.
    #1781

    TenKei
    Keymaster

    There have been a change of events, as we have decided to omit the Max Trades 3 as we feel it’s based on greed

    Here are our choices, to which we shall continue to wheedle them down to just two, where it will serve both the 5Second Chart and 10 Second Chart Settings:

    1. Infinity:5,5,5,5,1 – 1Minute 73 Filter

    2. Infinity:5,10,10,10,1 – 1Minute 73 Filter

    4. Infinity:5,5,5,5,2 – No Filter

    They all work but if we put them in order of preference in what has been working most successfully on a consistent basis, please see below:

    4, 1, 2

    Code = TP/Infinity:SL/5, LITP, LIP, TST, TSS

    The TSS=1 vs TSS=2 seem to work in the same manner but we need to examine them further to make sure one is better than the other and of course, choose the Setting that is more advantageous to our Trades.

    We now have a feeling number 4 and number 1 will be our choice, for you — and — since the Infintiy:Infinity Trades have been working so well on the 1Minute Chart, we will now be testing it on the 5Second Chart and 10 Second Chart.

    For those of you waiting for the results, don’t forget to educate yourself with the TenKei information by following the link below:

    https://tenkei.teachable.com/p/tenkei

    #1782

    TenKei
    Keymaster

    We are doing a Thomas Edison over here, through Testing, Testing, Testing and Testing some more!

    We have been Testing Value after Value!

    It’s not that we enjoy Testing Values, as it can be quite draining and exhausting but what we find works for w few days, then fails to work the whole week and so on!

    Yes, we are looking for absolute consistency in the Trades!

    We are looking for as small a draw-down as possible and as BIG an opportunity to gain as many Points as possible in one Trade.

    It’s proving to be a challenging task but we will keep on Testing until we find it, as we are close…

    Yes, we are close enough where we make Profits everyday but we are running our Tests until 21:00 GMT but we will have a cut off point at 09:30 GMT to 10:00 GMT but we want to know how many wins vs losses exist over a period of time between 07:59 GMT to 21:00 GMT.

    On the 5Seond Chart and 10Second Chart, we have set our Trades to open at 07:59 GMT

    …all will be revealed why we start at 07:59 GMT once we have found the Setting we are looking for.

    The 2:1 Ratio Settings are fair.

    The new Infinity:Infinity Settings we have added works well but it’s still high risk!

    All of the above relate to the 5Seond Chart and 10Second Chart.

    The 1Minute Charts have been doing well but we want to work from the 5Second Chart and 10Second Chart, as it helps to keep our Stop Loss down to at least 5 Points.

    Watch this space!

    • This reply was modified 1 year, 2 months ago by  TenKei.
    #1786

    TenKei
    Keymaster

    If you have already set up your 5Second Chart and 10Second Chart, please Test these Settings:

    10Second – Infinity:5, LITP=0, LIP=0, TST=0, TSS=1

    5Second – Infinity:5, LITP=0, LIP=0, TST=0, TSS=1

    i.e.
    MaxStopLossPips = 5
    Use_Profit_Lock_In = false
    LITP = 0
    LIP = 0
    UseTrailingStop = true
    TST = 0
    TSS = 1
    LimitRatio = 0
    UseSLinPips = true
    StopLoss = 5
    UseTPinPips = true
    TakeProfit = 0
    UseTradeTime = true
    TradeTime_Start_Time_1 = 07:59 GMT
    TradeTime_End_Time_1 = 09:30 GMT (or Test for longer)

    Use_PSAR_Settings = true
    Filter_TimeFrame_1 = current
    Filter_Step_1 = 0.02
    Filter_Maximum_1 = 0.2

    Please Note: All other Filter TimeFrame should be set to False

    • This reply was modified 1 year, 2 months ago by  TenKei.
    #1798

    TenKei
    Keymaster

    We have looked at another Broker to view their 5Second Chart movements and it looks good and stable.

    We are finding the 5Second Chart on GKFX has inconsistencies between the same two 5Second Chart on different screens!

    This means we could all end up with completely different results, even though we are all using the same 5Second Chart on the same Brokerage Platform.

    We are looking for a fix!

    #1810

    TenKei
    Keymaster

    We have found or we are finding the Settings below work well on the 1Minute TimeFrame as well as the 5Second TimeFrame!

    Some are finding the 1Minute TimeFrame to be just as good!

    Using the Maximum 15 Point Stop as on the 1Minute Chart is proving pretty successful for some.

    Here are the overall preferred Settings:

    MaxStopLossPips = 5 to 15
    Use_Profit_Lock_In = false
    LITP = 0
    LIP = 0
    UseTrailingStop = true
    TST = 0
    TSS = 1
    LimitRatio = 0
    UseSLinPips = true
    StopLoss = 5 to 15
    UseTPinPips = true
    TakeProfit = 0
    UseTradeTime = true
    TradeTime_Start_Time_1 = 07:59 GMT
    TradeTime_End_Time_1 = 09:00 to 09:30 GMT

    Use_PSAR_Settings = true
    Filter_TimeFrame_1 = current
    Filter_Step_1 = 0.02
    Filter_Maximum_1 = 0.2

    The secret or benefit is in the:

    UseTrailingStop = true
    TST = 0
    TSS = 1

    This means, once the Price moves in favour of your Trade, it (rapidly) moves the Stop Loss often to Breakeven and beyond to give some Profit to thereafter Trail the move very tightly by 1 Point!

    You should test it out on whatever Timeframe you use, as we have now switched our TST to 0 and our TSS to 1 on everything (until further notice), as our results have vastly improved in a shorter space of time using the above Settings.

    #1873

    TenKei
    Keymaster

    We have found or we are finding the Settings below work well on the 1Minute TimeFrame as well as the 5Second TimeFrame!

    Some are finding the 1Minute TimeFrame to be just as good!

    Using the Maximum 15 Point Stop as on the 1Minute Chart is still proving to be successful.

    To date, here are the overall preferred Settings for the 1Minute Chart:

    MaxStopLossPips = 15
    Use_Profit_Lock_In = false
    LITP = 0
    LIP = 0
    UseTrailingStop = true
    TST = 0
    TSS = 1
    LimitRatio = 0
    UseSLinPips = true
    StopLoss = 15
    UseTPinPips = true
    TakeProfit = 0
    UseTradeTime = true
    TradeTime_Start_Time_1 = 08:03 GMT
    TradeTime_End_Time_1 = 09:30 GMT

    Use_PSAR_Settings = true
    Filter_TimeFrame_1 = 1 Minute
    Filter_Step_1 = 0.02
    Filter_Maximum_1 = 0.2

    The secret or benefit is in the:

    UseTrailingStop = true
    TST = 0
    TSS = 1

    This means, once the Price moves in favour of your Trade, it (rapidly) moves the Stop Loss often to Breakeven and beyond to give some Profit to thereafter Trail the move very tightly by 1 Point!

    #1874

    TenKei
    Keymaster

    Additionally, we have found or we are finding the Settings below work well on the 1Minute TimeFrame as well as the 5Second TimeFrame!

    Some are finding the 1Minute TimeFrame to be just as good!

    Using the Maximum 15 Point Stop as on the 1Minute Chart is still proving to be successful.

    To date, here are the overall preferred Settings for the 1Minute Chart:

    MaxStopLossPips = 15
    Use_Profit_Lock_In = false
    LITP = 0
    LIP = 0
    UseTrailingStop = true
    TST = 1
    TSS = 1
    LimitRatio = 0
    UseSLinPips = true
    StopLoss = 15
    UseTPinPips = true
    TakeProfit = 0
    UseTradeTime = true
    TradeTime_Start_Time_1 = 08:03 GMT
    TradeTime_End_Time_1 = 09:30 GMT

    Please Note: The difference in the change above is in the: TST = 1

    Use_PSAR_Settings = true
    Filter_TimeFrame_1 = 1 Minute
    Filter_Step_1 = 0.02
    Filter_Maximum_1 = 0.2

    The secret or benefit is in the:

    UseTrailingStop = true
    TST = 1
    TSS = 1

    This means, once the Price moves in favour of your Trade, it (rapidly) moves the Stop Loss often to Breakeven and beyond to give some Profit to thereafter Trail the move very tightly by 1 Point!

    #1877

    TenKei
    Keymaster

    For the pure 5Second Chart Trader, if you are not already using these Settings, give them a go:

    To date, here are the overall preferred Settings for the 5Second Chart:

    MaxStopLossPips = 15
    Use_Profit_Lock_In = false
    LITP = 0
    LIP = 0
    UseTrailingStop = true
    TST = 0 or 1
    TSS = 1
    LimitRatio = 0
    UseSLinPips = true
    StopLoss = 15
    UseTPinPips = true
    TakeProfit = 0
    UseTradeTime = true
    TradeTime_Start_Time_1 = 07:59 GMT
    TradeTime_End_Time_1 = 08:59 GMT

    Please Note: The difference in the change above is in the: TST = 1

    Use_PSAR_Settings = true
    Filter_TimeFrame_1 = current
    Filter_Step_1 = 0.02
    Filter_Maximum_1 = 0.2

    The secret or benefit is in the:

    UseTrailingStop = true
    TST = 0 or 1
    TSS = 1

    This means, once the Price moves in favour of your Trade, it (rapidly) moves the Stop Loss often to Breakeven and beyond to give some Profit to thereafter Trail the move very tightly by 1 Point!

    We know it all sound and looks like pretty much so the same info but it isn’t!

    Please check the numbers very carefully as one wrong digit can and will make all of the difference to your Trading results!

    Once you have the .SET File, all will be accurate to the decimal point so no errors should be apparent.

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