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MADdash (Moving Average Distance)

  • #1,661
  • Jan 12, 2018 1:53pm Jan 12, 2018 1:53pm
Hello Pal,

Did you any specific EAs or indicators?
  • #1,662
  • Jan 13, 2018 4:10am Jan 13, 2018 4:10am
Still experimenting with the dashboard and trying to share my views with everyone .

I know the market is closed now but I was checking the Dashboard and found EUR/NZD as the best pair and when I attached MTF HAS on the pair and some S/Rs, I believe I can enter (demo) on Monday Asian session.
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  • #1,663
  • Jan 13, 2018 4:18am Jan 13, 2018 4:18am
Thanks @honestknave and @ 919gilead for all your work. May I suggest having the feature of one or two crossover of MAs something like 10,20, 50 EMAs to the dashboard. Just an idea if others feel it is a good filter.

I sometimes use MTF MAs (10,20,50,100,200) on H4,Daily to filter out the best pairs to trade. And I was thinking if we can do the same thing with each currency in this dashboard.

One more suggestion is to use MTF HAS as an option too. Or MACD histo (or cross) .

All those are ideas to open a discussion and find consensus with others for later.

I have found that one can be quick enough to realise a trend before it gets exhausted if keenly follows the dashboard. S/Rs do sometimes hold the pair before breaking out in the anticipated direction.

Thanks again for your work.
  • #1,664
  • Jan 13, 2018 5:58am Jan 13, 2018 5:58am
Quoting 919gilead
{quote} Read this post and the FAQ post, and I'm sure you will glean something you can use
Thanks dear, I have gone throw these posts and learned a lot about your method to use MADdash. Just few questions;

1- Do you follow alerts of MADdash to enter trades or to shortlist pairs? Or you only look for strong and weak pairs from green/red boxes or strength bars?

2- Do you prefer to trade strongest vs weakest pair (all green boxes vs all red boxes)? I have tried few trades on demo but party was already over and trend strength was no longer there. Do you chose pairs which are in the process to become strongest/weakest?

3- As you mentioned many things in different posts in last 2 years, can you please summarize here, what are your specific rules to filter your trades using MADdash? For example, lets suppose
*USD is strongest (all green) and JPY is weakest (all red)
*Price is above daily pivot
*Price has a pullback on ribbon and ready to break the H1-hi level on M1 chart.
*RSi candle is green

So will you enter a buy trade as soon as price will break high bar of H1-hi? Or do you use some additional rules/indicators to further filter out your trades?
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  • #1,665
  • Edited Jan 14, 2018 12:47am Jan 13, 2018 6:58pm | Edited Jan 14, 2018 12:47am
Quoting KashifNawaz
{quote} Thanks dear, I have gone throw these posts and learned a lot about your method to use MADdash. Just few questions; 1- Do you follow alerts of MADdash to enter trades or to shortlist pairs? Or you only look for strong and weak pairs from green/red boxes or strength bars? 2- Do you prefer to trade strongest vs weakest pair (all green boxes vs all red boxes)? I have tried few trades on demo but party was already over and trend strength was no longer there. Do you chose pairs which are in the process to become strongest/weakest? 3- As you mentioned...
Hi Kashif,

In response to your post, all the questions you asked have been answered in previous postings and if you need more details you will have to search for my name in this thread to locate them. I will however give a brief response as follows.

  1. No I don't use the alert because it can be a bit late but yes I look at the green and red box, see my detailed explanation in post 165
  2. Yes I prefer to trade the strongest against the weakest group. Yes you are right that sometimes it may seem one is entering too late and will again ask you to read post 165 and 166 & 167 too. The alternative is to concentrate on one or two currency pairs and constantly review both the dashboard and charts as I stated in post 1490 referenced in 3 below.
  3. Post 1490 gives another detailed example that should cover all your suppositions. Also see post 1463 and 1466.

Shalom and enjoy the rest of your weekend.

George

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  • #1,666
  • Jan 14, 2018 8:58am Jan 14, 2018 8:58am
Thanks a lot Mr. George for your detailed reply. I will read all your posts in this thread and will be back with my brief questions to clear my confusions. Thanks again.

Quoting from Post# 31
Quoting 919gilead
{quote}In addition to the MADdash and csDash, I also use the currency slope strength to time my entry, and want to see the currency lines breaking out in the right direction, {image}
Does this currency slope strength meter is available for public? If yes, can you please share the link. Thanks

Moreover, I want to know, is this possible to copy your trades? I believe many unsuccessful traders like me would love to follow your patterns and learn from the same as your portfolio proves that you are a successful professional Forex trader. Will wait for your reply. Thanks
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  • #1,667
  • Jan 16, 2018 5:16am Jan 16, 2018 5:16am
Quoting KashifNawaz
Thanks a lot Mr. George for your detailed reply. I will read all your posts in this thread and will be back with my brief questions to clear my confusions. Thanks again. Quoting from Post# 31 {quote} Does this currency slope strength meter is available for public? If yes, can you please share the link. Thanks Moreover, I want to know, is this possible to copy your trades? I believe many unsuccessful traders like me would love to follow your patterns and learn from the same as your portfolio proves that you are a successful professional Forex trader....
Hi Kashif,

Yes the currency slope strength does exist and there are many versions of them around like on FF, and on SHF site look for BALUDA'S SUPER CSS-2.0.

Unfortunately you cannot copy my trade as I'm not a signal service.

Cheers, and all the best.
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  • #1,668
  • Jan 16, 2018 8:04am Jan 16, 2018 8:04am
Looks like sell EURCAD for USA session (I'm re-reading the thread, any suggestions for what MA settings everyone is using)

I am trying 20 EMA as that is return to mean price everyone uses

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  • #1,669
  • Jan 16, 2018 1:44pm Jan 16, 2018 1:44pm
Quoting Erebus
Looks like sell EURCAD for USA session (I'm re-reading the thread, any suggestions for what MA settings everyone is using) I am trying 20 EMA as that is return to mean price everyone uses {image}
Hey Erebus,

I don't use the same MAs on all time frames. I use bigger numbers on the lower TFs and smaller MAs on the higher TFs. On the M5 TF, I use the 21 LWMA channel of high and low.

This was the picture at the beginning of the US session.
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Attached Image (click to enlarge)
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I have a screen dedicated to the dashboards, and use an auto screenshot program to take screenshot of the dashboards every 10 minutes
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  • #1,670
  • Jan 16, 2018 10:49pm Jan 16, 2018 10:49pm
Quoting 919gilead
{quote} Hey Erebus, I don't use the same MAs on all time frames. I use bigger numbers on the lower TFs and smaller MAs on the higher TFs. On the M5 TF, I use the 21 LWMA channel of high and low. This was the picture at the beginning of the US session. {image} {image} I have a screen dedicated to the dashboards, and use an auto screenshot program to take screenshot of the dashboards every 10 minutes
Can you share the rest of the settings please? Some sort of Fibonacci series of numbers, or what is the theory?

You seem to be the longest here and most consistent user.

I knew that EURCAD was coming back; another indicator gave a buy signal on that outside bullish 4 Hour candle but it was 4am close for me.

I've got solid RED on NZD now 1-1/4 hours before Frankfurt opens, almost all RED on JPY too

With USD mainly GREEN with AUD and GBP close behind

Could be a big session
It takes a lot for me to IGNORE you, but you can try.
  • #1,671
  • Jan 17, 2018 1:33am Jan 17, 2018 1:33am
I just remembered, I came back to this thread because I was searching for an indicator that would show a print of how many pips price was away from the current MA

And if it could show the Maximum it had ever been away ( x number ) from the MA that would be a bonus; would such an indicator even exist?

It would work sort of like an ATR indicator so it do display for all time frames

I think it would look something like this:

Heading : 20 EMA

Lookback : 100 bars

Current Distance : 31 pips

Maximum Distance : 102 pips

It wouldn't give any signal or even guarantee price would return to the MA, but more of an alert that price was far away, sort of like Bollinger Bands

Thanks
It takes a lot for me to IGNORE you, but you can try.
  • #1,672
  • Jan 18, 2018 7:10am Jan 18, 2018 7:10am
Quoting 919gilead
{quote} It is live now Just do the same search and you should find it. It's number 3 under manual trading. I will respect this thread and not post any link. Shalom George
Hi George,

Since last few days, reading all your posts from page 1 and today reached @ page 36. Just a question,

are you still using attached indicator for recent signals? if yes, can you please let me know any specific keyword to search on Stevehopwood forum? I tried to search in Manual Trading but could not find this. Thanks in advance
Attached Image
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  • #1,673
  • Jan 18, 2018 9:33am Jan 18, 2018 9:33am
Already got it. Thanks :-)
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  • #1,674
  • Jan 18, 2018 12:44pm Jan 18, 2018 12:44pm
Quoting KashifNawaz
Already got it. Thanks :-)
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  • #1,675
  • Jan 18, 2018 12:57pm Jan 18, 2018 12:57pm
Quoting Erebus
{quote} Can you share the rest of the settings please? Some sort of Fibonacci series of numbers, or what is the theory? You seem to be the longest here and most consistent user. I knew that EURCAD was coming back; another indicator gave a buy signal on that outside bullish 4 Hour candle but it was 4am close for me. I've got solid RED on NZD now 1-1/4 hours before Frankfurt opens, almost all RED on JPY too With USD mainly GREEN with AUD and GBP close behind Could be a big session
Hey Erebus,

50 MA on M1, 21 - 35 MA on M5, 21 MA on M15 and 12 MA on M30 - H1 and 5/12 MA on H4.

Cheers
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  • #1,676
  • Jan 18, 2018 8:06pm Jan 18, 2018 8:06pm
Quoting 919gilead
{quote} Hey Erebus, 50 MA on M1, 21 - 35 MA on M5, 21 MA on M15 and 12 MA on M30 - H1 and 5/12 MA on H4. Cheers
Thanks for sharing but it's not clear to me or maybe I'm not understanding, there are 7 Blocks for settings but you give 8 parameters?

1 ) 50 MA on M1
2 ) 21 - 35 MA on M5
3 ) 21 - 35 MA on M5
4 ) 21 MA on M15
5 ) 12 MA on M30 - H1
6 ) 12 MA on M30 - H1
7 ) 5/12 MA on H4
8 ) 5/12 MA on H4

1 - M1 - 50 MA
2 - M5 - 21 MA
3 - M5 - 35 MA
4 - M15 - 21 MA
5 - M30 - 12 MA
6 - H1 - 12 MA
7 - H4 - 5 MA
8 - H4 - 12 MA

I assume the MA means the standard parameter of Simple Moving Average of the Close Price

That 5 / 12 reminds me of another analysis that uses that, give me an idea!

Maybe a screenshot of the settings would be easy if you have SnagIt or something like that

Cheers
It takes a lot for me to IGNORE you, but you can try.
  • #1,677
  • Jan 18, 2018 8:33pm Jan 18, 2018 8:33pm
So I tried the old 10 and 20 (Month only 20) for a longer trend perspective

Sure can see why USDJPY traders are struggling, all YEN cross are UP and UJ trying to go DOWN



Attached Image (click to enlarge)
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  • #1,678
  • Edited 5:24pm Jan 25, 2018 4:44pm | Edited 5:24pm
Great job creating this! Very nice.

Could you maybe upload a template of your chart? It looks very nice.
Attached Image (click to enlarge)
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Anything above the line is an uptrend, below the line is a downtrend.
  • #1,679
  • Jan 25, 2018 5:56pm Jan 25, 2018 5:56pm
Quoting Degolep
Great job creating this! Very nice. Could you maybe upload a template of your chart? It looks very nice.
Quoting 919gilead
{quote} Always a pleasure Captain. Can't comment on your trade as I trade a completely different system. I agree to the short but will wait until break of the DPV which will also bring price below my MTF MA channel. Just MHO {image} {image} And EUR group is no longer weak, at least for now. Shalom NB Posting chart here, as it will be rude to post a completely different system on another thread.
Always indicate the post of reference as I had to go back several pages using the June date on the chart to look for it as I was not sure it was my chart you are referring to. Unfortunately I no longer use this template from 2015 as you can see from my recent charts.
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  • #1,680
  • Jan 26, 2018 5:44pm Jan 26, 2018 5:44pm
Quoting 919gilead
{quote} {quote} Always indicate the post of reference as I had to go back several pages using the June date on the chart to look for it as I was not sure it was my chart you are referring to. Unfortunately I no longer use this template from 2015 as you can see from my recent charts.
Can you upload the template u use now? I really like the 30M line candles on 1M chart.
Anything above the line is an uptrend, below the line is a downtrend.
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