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Quoting tradeac
dee thanks for your charts...can i ask. are you trading off the 5m chart?...if so what is your signal?... are you trading through news?...are these the pips you took on the trade or anlaysed after?...top trading from what ive seen from you in the last few days
No, I am trading off the 1hr chart but look down a TF, sometimes 2, to see if they confirm the entry, example of this was trade number 2. The signals are at the top of the hour so most trades have completed before the news, at least for the EU pair, GU is a different animal and the news comes out at different times.

The charts are an analysis of DrawDown and the figures represent the drawdown for each trade, I present them on a 5 min chart because it is much easier to see the PA. From this we can see what the Max DrawDown was and how long the trade took to reach TP the idea is if we know how long a trade takes to normally complete we can determine at what point in time we should be looking to get out of a potential loser. 4 pips TP should not take long if we are trading in the right direction!
Cut your Losers short and let your Winners run.
Quoting dee50
{quote} I think it is far too early to tell. The Hard Stop is for emergency purposes only, to protect against the unexpected, stop hunt, politicians big mouth etc. So far the max draw down has been 15 & 18 pips so a SL of 12 pips is a little on the light side, the OP said "Sl is a visual thing......If the Nonlag is running the same color as the ma above in the main window, I'll take a chance on the trade returning to profit. Believe it or not it usually does. If I'm trading against the top ma, I'll close the trade at 3/4 pips." I interpret this...
Agree and nice idea to get the pip range. I will try my best to get some test results.

Thanks
Guys it really works, that system(did 2 months review). But thing is not to take each hour trade blindly, but be avoid of s/r and pivots. Read what chart says and put a trade if the is no turnaround signs. That's it
Quoting orangutangas
Guys it really works, that system(did 2 months review). But thing is not to take each hour trade blindly, but be avoid of s/r and pivots. Read what chart says and put a trade if the is no turnaround signs. That's it
how many pips do you usually take? and what do you do if the nonlagMA repaints? do u stick to the initial color direction, or you pull out your bet?
TP is 4 pip including spread(1.3)
Suppose 90% win rate. Why not hedge loosing trades?

Eg in the picture.

If price never returned in a day trades can be closed at 9 pip DD.
But what happens if it reverses the moment we unhedge? Do we hedge again. Hedging it self require lot of skills.
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Quoting opoyman
{quote} how many pips do you usually take? and what do you do if the nonlagMA repaints? do u stick to the initial color direction, or you pull out your bet?
3.5-4 pips on avg. No, i am not sticking to a trade if MArepaints, closing and opening another position
Sorry to sound like a noob here. What do they mean by "top of the hour" ? I trade EUR/USD if that makes a difference and not G/U as the op does.
He meant start of the hour. If you read through, you can see charts posted by Dee50 on E/U.
Just tried a "Trend Following" trade, you really need to use a Trade Manager, I used WUKAR WB Trail (attached), not entirely sure of the settings, I had it set to use HiddenTP and Hidden TS & Hidden SL and I could not move my TP so I wonder if you do not use Hidden that you can adjust your TP on the fly. I set move to BE at 3.5pips and then trailed every 3.5 pips, thought that might be too close but this time it just ran up the candle straight to TP of 21pips. Beats the hell out of 4 pips!!
Attached Image (click to enlarge)
Click to Enlarge Name: EU =21 Wukar 271014.png Size: 56 KB
Attached File(s)
File Type: mq4 WUKAR_WB_Trail_v1_3_2e.mq4   12 KB | 273 downloads
Cut your Losers short and let your Winners run.
Today 5 Tp and 3 SL, trading at M30
Quoting dee50
Just tried a "Trend Following" trade, you really need to use a Trade Manager, I used WUKAR WB Trail (attached), not entirely sure of the settings, I had it set to use HiddenTP and Hidden TS & Hidden SL and I could not move my TP so I wonder if you do not use Hidden that you can adjust your TP on the fly. I set move to BE at 3.5pips and then trailed every 3.5 pips, thought that might be too close but this time it just ran up the candle straight to TP of 21pips. Beats the hell out of 4 pips!! {file} {image}
Have you tried to do BT is it better to use trailing profit or it is better to collect 4 pips each hour?
Quoting bluejack
He meant start of the hour. If you read through, you can see charts posted by Dee50 on E/U.
Oh okay so at a gap of every 1 hr on a TF of M5 or h1 or whatever? So we go in the direction of the current nonlag MA bar based on that?
?
Quoting orangutangas
Today 5 Tp and 3 SL, trading at M30
If you don't mind, How much were the SLs?

Thank You
Bj
Quoting bluejack
{quote} If you don't mind, How much were the SLs? Thank You Bj
Closing after each candle if different NonLagMa. SL varies from 2 to 20 pips. Todays summary of different trading style and paying attention to s/r, pivots:
1. trading H1 candle only. Profit 0 pips.
2. trading M30 candle which opens when new hour starts: -35pips.
3. trading M30 canlde which opens in the middle of the hour: -2 pips
4. Trading M15 and looking for move patterns: +24 pips
The strategy is based on the H1 chart and also uses the color MA. See post 1.
Quoting pakeha
The strategy is based on the H1 chart and also uses the color MA. See post 1.
Something like this? The arrow points to the last bar right so go short? Also if we go only by the nonlag MA bar, whats the use of the MA_color?
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Quoting fxtradeabi
{quote} Something like this? The arrow points to the last bar right so go short? Also if we go only by the nonlag MA bar, whats the use of the MA_color?{image}
Its actually the current bar displaced back 1 hour (although there appears to be no real reason to displace it) - so the current bar.
e
Some guys use the color MA as a confirmation of immediate direction on the new hour (i.e. in the first 5-10 seconds). So if the NonLag MA is green, but the color MA is immediately pushing red on the current bar (price going down), then you could hold off the entry until price moves back up to the open price and the color MA starts to flash a tiny bit of green. This way you can avoid immediately getting into a losing position - especially if the price drops. Alternatively if the color MA stays green, you could stay in the trade longer and get more than the 3-4 pips, as some guys here have done. Regardless you need to be quick on the entry/exit.
Quoting pakeha
{quote} Its actually the current bar displaced back 1 hour (although there appears to be no real reason to displace it) - so the current bar. e Some guys use the color MA as a confirmation of immediate direction on the new hour (i.e. in the first 5-10 seconds). .....
Just stuck with the time factor. Right now the time is 16:41 EST. Correct me if I'm wrong but I shouldn't open a position now since its not the beginning of the hour and instead should wait till its 1700 EST and then look for the bar color and evaluate based on the MA color for confirmation, correct?

One last question, I'm guessing this indicator would be used only with pure PA and even if there's remotely any sort of fundamental noise, not just a high impact event but even a low event in the calendar in which case we should avoid opening a position then during that period, correct?
Quoting fxtradeabi
{quote} Just stuck with the time factor. Right now the time is 16:41 EST. Correct me if I'm wrong but I shouldn't open a position now since its not the beginning of the hour and instead should wait till its 1700 EST and then look for the bar color and evaluate based on the MA color for confirmation, correct? One last question, I'm guessing this indicator would be used only with pure PA and even if there's remotely any sort of fundamental noise, not just a high impact event but even a low event in the calendar in which case we should avoid opening...

Remember, the trading time recommended is 9:00 - 16:00 UK time - so an hour after the London open (i.e. need some movement on the hourly candles for the strategy to work). Yes, at the beginning of the hour. Yes - look at bar color (nonlag MA) and confirm with MA color. Regarding news - stay away from high impact events for sure. Always helps to be opening a trade in the direction of the daily sentiment for the pair. That said this is really just a 3-4 pip scalp so if you look at most hourly candles they will have a wick that size (or more), even if price reverses on that candle. To your point its a price action play at the top of the hour.
Quoting pakeha
{quote} Remember, the trading time recommended is 9:00 - 16:00 UK time - so an hour after the London open (i.e. need some movement .................
Thanks for clarifying. Okay I thought I read somewhere in the thread that we could trade this with EUR/USD as well in which case I should still only opt for the london session? Are those hours chosen because there is less of news events if so I could pick something after 10pm EST right because usually for eur/usd it tends to be quieter from 2200 EST to about 3AM EST(london open)?
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