Manual - V5.1 Upgrade

[tayct]

Guys

Since Coopps brought up the the different Coloured dots question, could someone explain the meaning of the different coloured AIMS Waves histogram for the benefit of all?

Thanks!

[John Wimberley]

The different colours are quite straight forward. Bright red and bright green indicate increasing momentum. Dark red and dark green means decreasing momentum. the Orange indicates close to Zero Line and a crossing is very likely and imminent.

[kisruh]

Hi Kisruh

The V5 is for trading According to the 'The Three Rules' Flow Chart and Using Grants Trade Management Techniques. If You'd like to use the Dot to Dot entry and exit then set purple to false. We have a second upgrade coming very soon, where you'll be able to have even better exit spots shown as black dots without an entry alert!

cheers

Immy

Hi Immy,

I found the The Three Rules Flow Chart but can't find the reading for Grants Trade Management. Could you guide me where to find the info about it? I'm still confused where I should exit with the AIMS v5

Thanks!

[immy]

Hi

Two Options:
a. If You'd like to Exit dot to dot - Then exit when a Candle Close on Either Green or Red line or if your trailing stop loss is hit (5 consecutive green/red candles)
b. Visit Grants Journal http://www.itradeaims.net/forum/viewtopic.php?f=3&t=209" onclick="window.open(this.href);return false; and Follow Grants Trade management Plan.

Infact its so simple I can write it down here now
1. Initial Disaster SL = 13 (He does his Money Management on 13 pips too, for me its 10pips DS and MM)
2. Move SL to High/Low of Trigger Candle - For Short Trade 1pip + spread (round to zero) above high of Trigger candle i.e 3 pips) For Longs 1pips + Spread below the Low of Trigger candle.
3. At +5 pips move SL to -4 (i.e. Entry level +/- 4 pips)
4. Trail AIMS Levels or Trail above/below 5 Consecutive Same Colour Candles using above logic
5. Watch for obvious stalling price action / candle patterns while in trade. (I suggest target aims levels to the left, e.g. m15 aims level or h1 aims level)

Cheers

[Brinx]

No problem with the Download and install of V5.

Is there a New PDF for V5? Thanks.

[immy]

Not yet! but the first post of this topic is supposed to explain the differences.

[immy]

HI Brinx

I'm going to move your post to appropriate section. Sorry I cannot answer here since this is just news announcement section.

cheers

Immy

[immy]

Hi

I am delighted to announce that the long awaited upgrade to Version 5 is available for download.

Whats New in V 5.1 Upgrade?

We’ve tried to reduce even more stress from trading by improving the AIMS Entry Alert indicator.

More dots but they all mean something

• Red and Blue – Type 1 Buy and Sell Alerts where AIMS Box and AIMS Wave meets the set criteria. Place PO outside the AIMS Box
• Pink and Green – Type 2 Buy and Sell Alerts where AIMS Box and AIMS Wave meets the set criteria. Wait for a new AIMS Box and place PO.
• Black dot (well, it’s actually a diamond but you can change this) – a signal where Purple is on the wrong side of the AIMS Box (not wrong side of price as in V5). Consider exiting a trade or cancelling a PO.
• Powder Blue dot – an alert that hasn’t met your criteria as regards the size of the AIMS Box or size of AIMS Wave. You might still decide to trade this dot, if you feel the conditions are right – that’s your decision. You can choose not to display this dot.

You can of course change the colours of all the dots.

We’ve also added email alerts, though you might not want this on the M1 chart, unless you like lots of emails ☺
Only the valid buy/sell alerts will generate a pop-up/sound/email.

Improved Logic for the Alerts
The logic for the alerts has been improved to give more timely signals. You might notice that some dots will disappear (otherwise known as repaint) when you refresh the charts but don’t be concerned by this. We had a choice when developing the indicator: give the alert one bar late, to avoid the repaint, or show it early. Providing you follow the trade rules, the repaint will not be an issue for you.

AIMS Box and AIMS Waves Improved
We’ve also made some programming improvements to the AIMS Box and AIMS Waves, to reduce processor overhead. The AIMS Boxes will be removed when you remove the indicator from your chart (V5 left them behind).

M5 and M1 Templates
There are two new templates for M1 and M5. M1 has the default settings that the AIMSters have been using whilst trialling these new indicators. M5 doesn’t have alerts or the VE-AIMS trade manager. We’ve increased the setting for ‘close to zero’ on AIMS Waves – 0.0006 seems ideal for London and US Sessions when volatility is relatively high. You might want to use lower settings for quiet trading times, such as Asian markets. If you trade the Yen pairs or higher timeframes, you will need to change CloseToZL to suit.

We hope you like the new indicators and they help you make even more pips than before. We have endeavoured to make trading even more stress free and emulate Grant’s excellent flow chart – less scratching of heads and more banking of pips.

All the best
Steve



Click Here to Download AIMS V5.1 Upgrade

This Document Shows the Various Settings and Options of AIMS Entry Alert V5.1

AIMS ENTRY ALERT V5.1.pdf

--------------------------------------------------------------
How to Install:

Unzip the Files on to your desktop.
It Contains 2 Folders.
1. AIMS V5.1 - Indicator
Copy the four .ex4 files to MT4/experts/indicators folder

2. AIMS V5.1 M5 and M1 Templates
Copty The .tpl (Template Files) to MT4/templates folder

Restart MT4

End

Note: M5. Template: Has no Entry Alert and VE_AIMS Attached to it.

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Back Testing Made Easy

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[moty]

Hi Immy
Many thanks for the update and thank you in general for all the efforts and improvements, and help you give to us. It's really extraordinary.
One question, can you explain about the POWDER BLUE dot?
Moty

[immy]

Moty,

Thanks for the kind words.

Steve's in the middle of writing a Whats in V5.1 at the moment. Please wait for him to finish. But Quickly, below I have just copied and pasted something from the pdf attached above.

ShowInvalidEntries

Show where there are invalid entries as per above two options.
Default colour for invalid entries is powder blue.

The Entry Alert now by default checks if AIMS Waves is too far from the Zero Line and/or AIMS Box is more than 15pips. If that is the case you will see powder blue dot. But as I said we are working on releasing that information in a bit.

cheers

Immy