DislikedI like the repainting version of the dots. It acted on the price movements. Just like trading with the MA, the trend (crosses) will keep changing as the price changes (bunjee jumping on the OHLC) until the next bar is formed.
Similarly with the dot, we dont just trade when there is a dot, apart from looking at the other indicators, when the dot is already painted, we must wait for the next bar to be formed. This way, the trend is confirmed and entry/exit can begin.
Repainting can reduce fake-outs. Which help us keep pips.
Thanks and Happy learning/trading everyone.Ignored
DislikedCan I ask do you mostly still use 5EMA and 9SMA cross and the tlatomi Indicators or are there others yet that might help me trade the Forex pairs? Just learning and paper trading at this time, but would like to be able to learn you're method better. I am also giving Firebird a whirl ... but so far today ... it did not help me to be profitable. In fact I think I'm at a net loss today with it. I know you are doing very well! Thanks!Ignored
DislikedAt the moment to keep things simple:
The cross of the 5/9 signals entry, but the dreaded whipsaw sometimes changes that, even on the 4hr. Simply because, MAs are lagging indicators.
Therefore, on the 4hr, wait for the dot to appear (in my case I change it to red for sell & viceversa), wait for the next bar to formed. Then:
1) Look for a trend change (the 5/9) to confirm this. The angle of the 9SMA will tell you this)
2) Look for the crossing of 5/9 (might lose some good pips, but its safer)
3) Switch around 1hr, 30mins charts to see when the dot is already there. Dont want to see it do any David Cooperfield stuff!
4) Enter trade
Ive notice the dots can teleport itself to other bars, which is cool when you are watching star trek, but not when you are trading 20m lots! It does this because the trend has changed.
Red dot appear, so you wait for the next bar to appear and whammo, you make an entry to sell. Then after a couple of hours, you noticed your are -40pips! What Happened? You manually backtest, and couldnt find a similar scenarion, where: Usually when a dot appear, the price starts to move into your direction but this time, and its still going the opposite direction even after 5 bars!!
This is where the 5/9 helps. Do not enter any position until the 5/9 confirms it!! But when it does, make pips is all you will be doing.
A suggestion of exit would be:
1) 1 bar after the opposite dot appear (look at the slope/angle of the 5/9 to confirm trend change); or
2) the 5/9 crosses
I hope that will help a bit.
DislikedHello. Looks like an interesting method. I am unable to create your system. I am using "GFT" trading platform. Can you give me a step by step method to use your indicators on my retail account? Can open the zip file but windows does not recognize the extensions.
DislikedWell, i'm in a test right now. Just wondering how to read the sniper indicator? Just like the 5/9, crosses means a trend change.
After dot appear 5/9 will be my next indicator, so how about sniper? Sniper & 5/9 will act as your final confirmations.
Instead of 4 hrs chart can we apply to other TF too? 15 mins 30 mins.?
15 makes the dot crazy, i flip flop 30/1/4 hr to check short/medium term trend pasting vertical lines on every dot that appears. This was it will remind me where it once was!
I've tried to use it for E/U TF 30mins and it works.. --> can I do this?
To get 10pips! Yea... but its safe to do it on the 4hrs. Because with the 30mins, he whipsaw will slash your abdomen into pieces.
Please advise my frend...Ignored
DislikedOk. I have opened a demo account with MetaTrader. I have cut and pasted the three unzipped files into the MetaTrader4/templates. It should be in expert/indicator folder. How do I access your trading system once in the platform? In other words inserting the indicators/system? Click the navigator button, click custom indicator.
Thanks alot !!!!!!!!!Ignored
DislikedOk thanks for your clarification.
If the dot appear for sell for e.g G/U 1.9074, the price start to active dtrend is it? and would it be posible the price movement more that 1.9074? above the dots? Check my previous post regarding this. Predicting price movements is another subject. The indicators wont tell you that. PA or Price Analysis is a powerful & essential tool and it must be mastered. I suggest you subscribe to James16Group here at FF.
Where to put our stop loss?? I babysit my PC & im confident the trend continues, so I didnt put any stoploss, to avoid premature exit. But, when you must, I usually use ration of 2:1. 50tp:25sl
Normally i will stop target at 20-30 pips.Ignored