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MADdash (Moving Average Distance)

  • #3,281
  • Jan 10, 2022 7:02am Jan 10, 2022 7:02am
i would like to illustrate using moving averages to trade.
the opportunity only came at around gmt 12.25.
i was using support and resistance to trade.
the entries ended up at the top of the d1 candle wicks.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,282
  • Jan 10, 2022 9:27am Jan 10, 2022 9:27am
price below the 3 moving averages did good for a m5 time frame scalp.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,283
  • Jan 10, 2022 8:06pm Jan 10, 2022 8:06pm
so the m5 trend lasted 2.5 hours.
food for thought: did price drop due to moving averages or break of structure?
if it is moving averages, there is always this question of what number to use.
to each his own discoveries. one has to answer only for himself.
trade safe. difficult roads often lead to beautiful destinations.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,284
  • Jan 15, 2022 5:48am Jan 15, 2022 5:48am
Quoting 919gilead
Someone said the MADdash indicator is a useless indicator {quote} Another person said this method is unreliable {quote} He says again, You are measuring emptiness {quote} And Inthebox rightly said, .... "it's due to our ignorance and lack of experience and knowledge on the tools that we use that lead us to have a one sided opinion" {quote} The same MADdaah indicator in the last week of December 2021 28 trades with only one loss; 2 trades that did not cover commission and 25 profitable trades for 70 pip profit with a profit factor of 10.16 and 89.3%...

What is value that you using for both TF M1 for the MA...?
  • #3,285
  • Jan 15, 2022 11:10pm Jan 15, 2022 11:10pm
Hello, great product!

Please how do I download the version for MT5?

Thanks!
  • #3,286
  • Jan 16, 2022 3:01am Jan 16, 2022 3:01am
Quoting ictjoint
Hello, great product! Please how do I download the version for MT5? Thanks!
always search first whether there is any availability.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,287
  • Jan 25, 2022 1:48pm Jan 25, 2022 1:48pm
Quoting 919gilead
Someone said the MADdash indicator is a useless indicator {quote} Another person said this method is unreliable {quote} He says again, You are measuring emptiness {quote} And Inthebox rightly said, .... "it's due to our ignorance and lack of experience and knowledge on the tools that we use that lead us to have a one sided opinion" {quote} The same MADdaah indicator in the last week of December 2021 28 trades with only one loss; 2 trades that did not cover commission and 25 profitable trades for 70 pip profit with a profit factor of 10.16 and 89.3%...
Hi George,

Can you please guide me or point me in the direction of how to use maddash for breakoutsin the first instance..since i trade higher timeframes and its pull back trades are very few. If at all its possible to use it for breakouts since in pull back trades we take the advantage of higher tf. Please share your thought on this.

Thanks in advance
  • #3,288
  • Jan 25, 2022 6:03pm Jan 25, 2022 6:03pm
Quoting him.bhardwaj
{quote} Hi George, Can you please guide me or point me in the direction of how to use maddash for breakoutsin the first instance..since i trade higher timeframes and its pull back trades are very few. If at all its possible to use it for breakouts since in pull back trades we take the advantage of higher tf. Please share your thought on this. Thanks in advance
I don't exactly trade breakouts but there is very little difference between breakouts and rejoining the trend after pullback/divergence between price and MAs. All I do is to use a shorter period on a lower TF from the main trend TF as below:
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JPY is weak and AUD is strong but you can see the divergence now. All I want to do is to buy AJ and I know price is now diverging from the MA. If I am trading breakout and expect trend resumption, then I look for break of the level around the area where price pulled back.
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This is a typical but not perfect example. I keep it simple as I am only looking 20 pips daily and any extra is bonus.
Play with different MAs and make sure they are far from each other. There is no right or wrong number.
Low Risk Low Stress High Reward High Probability Trades
  • #3,289
  • Edited 12:39pm Feb 1, 2022 12:28pm | Edited 12:39pm
Quoting 919gilead
{quote} I don't exactly trade breakouts but there is very little difference between breakouts and rejoining the trend after pullback/divergence between price and MAs. All I do is to use a shorter period on a lower TF from the main trend TF as below: {image}JPY is weak and AUD is strong but you can see the divergence now. All I want to do is to buy AJ and I know price is now diverging from the MA. If I am trading breakout and expect trend resumption, then I look for break of the level around the area where price pulled back. {image}This is a typical...
Thank you so much George.. This is the kind of breakouts of your signature strategy that you trade.. But I was asking about a step behind from where the trend started the breakout into opposite direction..
Considering the 30 min chart and trading it on the 5min..then the break of high or low 30min candle for the first time.. What we usually do is let the trend establish on 30 min then we wait for divergence in the direction of trend on 5min and then as soon it breaks the high/low of 30min candle we execute. Is there a way to confirm that?
And what do you use for volumes I mean how do you judge the strength of the trend.. Meaning when do you consider trend to be healthy enough for trading.
What I was asking was that in your picture just before where you showed the divergence would you have taken the trade at the earliest break of 15min candle high or you always wait.

Thank you in advance. I really appreciate your modesty and helping nature.
  • #3,290
  • Feb 2, 2022 10:58am Feb 2, 2022 10:58am
Quoting him.bhardwaj
{quote} Considering the 30 min chart and trading it on the 5min..then the break of high or low 30min candle for the first time.. What we usually do is let the trend establish on 30 min then we wait for divergence in the direction of trend on 5min and then as soon it breaks the high/low of 30min candle we execute. Is there a way to confirm that?
Yes and it is the same as I explained above where the lower TF will diverge by changing color from the higher TF and when the trend resumes all colors will agree.


Quoting him.bhardwaj
{quote} And what do you use for volumes I mean how do you judge the strength of the trend.. Meaning when do you consider trend to be healthy enough for trading.
I don't consider volume and just wait for price to resume its original trend by breaking the high or low of the last M30 candle as you also mentioned, and sometimes I just enter above or below the candle that close outside of the MA Channel.


Quoting him.bhardwaj
{quote} What I was asking was that in your picture just before where you showed the divergence would you have taken the trade at the earliest break of 15min candle high or you always wait.
Yes I would and you can see that price still pulled back even after my entry to retest the low of the last M30 candle before continuing its upward trend.

I try to keep it as simple as possible and if I am wrong, I will be stopped out at my SL.
Low Risk Low Stress High Reward High Probability Trades
  • #3,291
  • Feb 2, 2022 10:54pm Feb 2, 2022 10:54pm
Quoting 919gilead
{quote} Yes and it is the same as I explained above where the lower TF will diverge by changing color from the higher TF and when the trend resumes all colors will agree. {quote} I don't consider volume and just wait for price to resume its original trend by breaking the high or low of the last M30 candle as you also mentioned, and sometimes I just enter above or below the candle that close outside of the MA Channel. {quote} Yes I would and you can see that price still pulled back even after my entry to retest the low of the last M30 candle before...
Thanks again George for such a lucid explanation.

Yes, SL is the most important aspect..if you would like to explain the difficulty I face is sometimes the strength of trend is strong enough that it won't pull back and leave you waiting and some times you are stopped out by the SL because strength was not enough and you were pulled back when currency diverged on the lower tf. But since your accuracy is 90% how do you differentiate between the 2 situations.

I know I have been asking too much questions but I have given long enough time to your wonderful creation and have loved it but some questions remain unanswered.

Thank you very much for all you help.
  • #3,292
  • Feb 3, 2022 2:30am Feb 3, 2022 2:30am
Quoting 919gilead
{quote} Yes and it is the same as I explained above where the lower TF will diverge by changing color from the higher TF and when the trend resumes all colors will agree. {quote} I don't consider volume and just wait for price to resume its original trend by breaking the high or low of the last M30 candle as you also mentioned, and sometimes I just enter above or below the candle that close outside of the MA Channel. {quote} Yes I would and you can see that price still pulled back even after my entry to retest the low of the last M30 candle before...
Thanks again George for such a lucid explanation.

Yes, SL is the most important aspect..if you would like to explain the difficulty I face is sometimes the strength of trend is strong enough that it won't pull back and leave you waiting and some times you are stopped out by the SL because strength was not enough and you were pulled back when currency diverged on the lower tf. But since your accuracy is 90% how do you differentiate between the 2 situations.

I know I have been asking too much questions but I have given long enough time to your wonderful creation and have loved it but some questions remain unanswered.

Thank you very much for all you help.
  • #3,293
  • Feb 4, 2022 7:29pm Feb 4, 2022 7:29pm
Quoting him.bhardwaj
{quote} if you would like to explain the difficulty I face is sometimes the strength of trend is strong enough that it won't pull back and leave you waiting and some times you are stopped out by the SL because strength was not enough and you were pulled back when currency diverged on the lower tf. But since your accuracy is 90% how do you differentiate between the 2 situations.
Nobody knows whether or not a trend is going to continue. It is therefore a game of probability and this is why I trade what I call the NOW trend and enter as the M1 recycles into the HTF trend to put the odd in my favour as much as possible with minimal risk. My SL is not more than 10 pips and profit from 10 pips is good enough but I do not allow profitable trades to turn into a loss. I reduce the risk with every small profit a trade makes. I use the MADdash, csDash and Currency Slope Strength and I want all to align to enter a trade. See this post from 2016 and a live examples from here (post 1471 - 1474) and post 2398 to 2402.

You have to take all trades that agree with your system and if you can be right 50% of the time on 1:2 RRR, you should be good.

Have a good weekend.
Low Risk Low Stress High Reward High Probability Trades
  • #3,294
  • Feb 4, 2022 11:06pm Feb 4, 2022 11:06pm
Quoting 919gilead
{quote} Nobody knows whether or not a trend is going to continue.
There is no such thing as a "trend", it all depends on your timeframe.
  • #3,295
  • Feb 5, 2022 6:45am Feb 5, 2022 6:45am
Quoting 919gilead
{quote} Nobody knows whether or not a trend is going to continue. It is therefore a game of probability and this is why I trade what I call the NOW trend and enter as the M1 recycles into the HTF trend to put the odd in my favour as much as possible with minimal risk. My SL is not more than 10 pips and profit from 10 pips is good enough but I do not allow profitable trades to turn into a loss. I reduce the risk with every small profit a trade makes. I use the MADdash, csDash and Currency Slope Strength and I want all to align to enter a trade. See...
Hey George,

Its always lovely talking to you and one always a learning one. I have one more request if we can have some other indicators in maddash like TEMA , HULL MA or may be SUPERTREND to callibrate distance of price this will yield better results because MAD dash is the fastest to show strength/weakness of currencies.
If honestknave will entertain this request.

thank you so much for replying to my queries.
  • #3,296
  • Feb 5, 2022 6:50am Feb 5, 2022 6:50am
Quoting DailyCash
{quote} There is no such thing as a "trend", it all depends on your timeframe.
I have no idea brother what is your experience in this field but to whom you are trying to profess is creator of this thread and tool and if you have read his complete message he mentioned NOW TREND , he knows what he is doing. Never hesitate to show respect for others and try to stay humble always.

God bless and thanks
  • #3,297
  • Feb 5, 2022 12:59pm Feb 5, 2022 12:59pm
Quoting him.bhardwaj
{quote} to whom you are trying to profess is creator
I am not trying to profess anything, my comment about what we call "trend" was of a general nature and had nothing to do with OP's work (sorry if I gave you that impression).
  • #3,298
  • Feb 5, 2022 7:06pm Feb 5, 2022 7:06pm
Quoting him.bhardwaj
{quote} I have one more request if we can have some other indicators in maddash like TEMA , HULL MA or may be SUPERTREND to callibrate distance of price this will yield better results because MAD dash is the fastest to show strength/weakness of currencies. If honestknave will entertain this request. thank you so much for replying to my queries.
I am sure Honestknave is reading the thread too and will think about it.

Cheers and God bless
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  • #3,299
  • Feb 7, 2022 12:21am Feb 7, 2022 12:21am
swing arrows trading strategy
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  • #3,300
  • Feb 7, 2022 11:53am Feb 7, 2022 11:53am
Quoting Nod32
swing arrows trading strategy {image} {image}
Hope you are not trying to market off the "HGI" from Steve Hopwood's thread as something else?
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