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-   -   trend catching with NonLagDot indicator (https://www.forexfactory.com/showthread.php?t=571026)

Lebaneese Dec 19, 2015 7:36am | Post# 1

trend catching with NonLagDot indicator
 
7 Attachment(s)
I will make this thread easy and simple. It will give nice trend catch. So just u need to be ready for collecting pips from trend movement. We just need one indicator and it will make our life easy.
NonLagDot (20) is only what we need.
Let start: what we need we wait until the indicator change color from red to blue or vice versa, after that we wait first retracement to enter the market with pending order of the break of the retracement candle.
I will give some examples so u will understand it better.
Time frame any but we will start with M30.
We will trade it as basket trading of 12 pairs: EU,GU,AU,NU,UC,UJ,EJ,GJ,CJ,AJ,NJ,EN.

SL will be last swing. If opposite signal appear before hiting our SL 2 options available :
1- we keep both opposite trades each with SL last swing.
2- we keep both trades open with a gap the difference between 2 entries ( but in such case the pair is hedged which mean out of basket).

TP will be when basket will hit a weekly target ( each trader should put one).

For more information and details one of our traders made a nice summary for the system .( Post 1,684)

Multi TF nonlagdot was added and big thanks go for Smoothtrader ( can be used for filtrating trades ).

SECOND EDITION OF NLD. updated 1-12-2016

TF (4H)

Entry :
When nonlagdot change colour, we set pending order below the break of the candle colour change.

TP: will be 1.5 the size of the candle signal.

STOP LOSS: the high of the signal candle.

NB:
the big game is that we will start with a small risk.
the risk per trade will be 2$ but we will build a sequence of trades that will give us a big win when target hit.
This sequence will be by doubling the position until profit of last open trade hit the profit.
So each time the target of last open trade hit TP we should reset our risk.
nonlagdot.mq4
NoLagAlerts_Single_v2_4.mq4
MPBM.mq4
NonLag Basket -Stop Buy Order.mq4
NonLag Basket -Stop Sell Order.mq4
NonLagDot_MultiMeter_v01.00.ex4
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Lebaneese Dec 19, 2015 7:54am | Post# 2

I will post soon all Friday trades and I will try to post each day trades so u will get it better.

Lebaneese Dec 19, 2015 7:58am | Post# 3

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Lebaneese Dec 19, 2015 8:02am | Post# 4

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daileycon Dec 19, 2015 8:03am | Post# 5

This?

https://www.mql5.com/en/code/8026

Lebaneese Dec 19, 2015 8:07am | Post# 6

what about this Daileycon ?

daileycon Dec 19, 2015 8:09am | Post# 7

Is that the indicator you are using?

Lebaneese Dec 19, 2015 8:12am | Post# 8

1 Attachment(s)
nonlagdot.mq4

daileycon Dec 19, 2015 8:18am | Post# 9

Looks like its just an MA turned to dots and repaints.

toddanderson Dec 19, 2015 8:54am | Post# 10

How are you filter the false brakes where you have few dot one direction and it turns the other way ?

I will make this thread easy and simple. It will give nice trend catch. So just u need to be ready for collecting pips from trend movement. We just need one indicator and it will make our life easy. NonLagDot (20) is only what we need. Let start: what we need we wait until the indicator change color from red to blue or vice versa, after that we wait first retracement to enter the market with pending order of the break of the retracement candle. I will give some examples so u will understand it better. Time frame any but we will start with M30. SL...

Lebaneese Dec 19, 2015 8:56am | Post# 11

absolutely it is a MA indicator

Lebaneese Dec 19, 2015 8:58am | Post# 12

How are you filter the false brakes where you have few dot one direction and it turns the other way ? {quote}
usually no much false signals and u don't need to filtrate anything bcz small losses will be to compare with big profit.

Lebaneese Dec 19, 2015 9:05am | Post# 13

1 Attachment(s)
Looks like its just an MA turned to dots and repaints.
if u don't like NonLagDot use this indicator they are both the same.
TCCI.ex4

Kubiasty Dec 19, 2015 9:29am | Post# 14

I will make this thread easy and simple. It will give nice trend catch. So just u need to be ready for collecting pips from trend movement. We just need one indicator and it will make our life easy. NonLagDot (20) is only what we need. Let start: what we need we wait until the indicator change color from red to blue or vice versa, after that we wait first retracement to enter the market with pending order of the break of the retracement candle. I will give some examples so u will understand it better. Time frame any but we will start with M30. SL...
Lebaneese do you earn with this strategy? How long do you use it?

Lebaneese Dec 19, 2015 9:34am | Post# 15

{quote} Lebaneese do you earn with this strategy? How long do you use it?
what is important is that u will be in profit with no importance of my result.
U will be winner for sure.

daileycon Dec 19, 2015 10:27am | Post# 16

1 Attachment(s)

I think it would be better with another confirmation or this chop will end most. Especially since it repaints.
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Lebaneese Dec 19, 2015 10:34am | Post# 17

​ I think it would be better with another confirmation or this chop will end most. Especially since it repaints. {image}
none of those are signals, what we need a consecutive same colors dots then retracement after that we can trade .

daileycon Dec 19, 2015 10:36am | Post# 18

Retracement to what? What I see if a break of resistance.

Lebaneese Dec 19, 2015 10:39am | Post# 19

Retracement to what?
if blue dot we need a bearish candle and if red dot we need a bullish candle to trade the break .

redwed Dec 19, 2015 2:32pm | Post# 20

{quote} what is important is that u will be in profit with no importance of my result. U will be winner for sure.
Any statistics of your result? The rate of winning maybe?


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