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Attachments: Thanks Mladen & Mrtools (profitable system with 2 indicators)
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Thanks Mladen & Mrtools (profitable system with 2 indicators)

  • Post #21
  • Quote
  • Edited at 8:17pm Sep 26, 2019 7:28pm | Edited at 8:17pm
I have put a weekly line separator indi on the daily chart and it seems like the entries won't be affected by re-calculations. Let me know if I still have it wrong. Now I need to see about the candle colour change. Stay tuned...if you like.


I want to apologize for posting this strat without thinking it through and disregarding the fact that the indis would need to complete there respective TF.

In my defense...I was very excited with what I was seeing and I couldn't wait to tell the other humans. LOL

Chris
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Quoting cfudge
I have put a weekly line separator indi on the daily chart and it seems like the entries won't be affected by re-calculations. Let me know if I still have it wrong. Now I need to see about the candle colour change. Stay tuned...if you like. I want to apologize for posting this strat without thinking it through and disregarding the fact that the indis would need to complete there respective TF. In my defense...I was very excited with what I was seeing and I couldn't wait to tell the other humans. LOL Chris {image}
OK...

Here are 2 GBPJPY daily charts. The one on the right is the chart I posted in the first post, which has both indicators set to the weekly TF.

I have figured out that the weekly frama ribbon dots are fine being received from weekly TF. (See above quote).

The chart on the left has the xSuperTrend indicator set to the daily chart TF...as you can see, with a few tweaks, it almost exactly matches the weekly TF signals (without the re-calculation).

Again, if I have lost the plot...please point it out.

Chris

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Attached Image


To be honest...I don't have a problem trading both off of the original weekly feeds because it will not affect the profit/loss that severely.

Remember the 1-5 candles during the week will change colour as the weekly candle oscillates. If at some point during the week you get a colour to close your trade just close it. This gets a little trickier for re-entries but still not that big a deal.
best way to find if is profitable or not,.is , start trading
Quoting artic118
best way to find if is profitable or not,.is , start trading
AMEN
  • Post #25
  • Quote
  • Edited at 2:27am Sep 27, 2019 1:43am | Edited at 2:27am
Fresh signals, I will follow on Demo, just curious) Higher TF D1, current TF 4H. Settings from post 1.
Added: fresh sell dot appeared on EURGBP, I will close buy trade if this signal will remain upon 4H candle closure.
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Quoting northwind
Thank you cfudge, mladen & mrtools, Really interesting strategy simple and effective. Try this configuration on M5 any pair. {image} {image}
Hi northwind,
Do you have also the settings for xSuperTrend ?
Quoting forexcentric
{quote} Hi northwind, Do you have also the settings for xSuperTrend ?
Hi forexcentric,
Here you go.
Attached Image
Perfidious Pips
can anyone add an push alert to mtf candles indi for color change?
Here is the two images of AUDNZD with weekly xsupertrend on the right (like post 1) and daily xsupertrend on the left.

Surprisingly, it is the same settings as I had on GBPJPY. So hopefully all pairs will need the same settings.

Chris

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Here is XAUUSD tiny difference in the multiplier parameter than the other two.

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I am satisfied with the three charts now.

We need an EA set up for testing these three pairs, if anyone has the time.

Chris
Quoting cfudge
What is needed now is for me...someone to figure out good parameters for a lower TF. As you can see I am using daily charts (in the above examples) with the indicators set to weekly TF. Also an EA will be welcome. Here is a closer look at some of the trades from the above chart examples. {image} Chris
can not use xsuper trend candle. any idea? (initialized)
Quoting jamco388
{quote} can not use xsuper trend candle. any idea? (initialized)
Do you mean you can't receive a signal from the indicator to use in the EA?
I have figured out the parameters for the 4 hour charts using daily signals but mirroring the xsupertrend with 4hr settings.

Still have AUDNZD to do ...will post when done

Bed time now
Quoting cfudge
OK, full props to Mladen and Mrtools for their constant effort to offer intelligent and interesting MTF non re-painting indicators. This system uses two indicators, taken from Forex Station (for free...incredible). The rules are, we wait for a dot to appear, from the Frama Ribbon indicator and take the trade in the appropriate direction then we close the trade when the first opposite coloured candle appears from the xSuperTrend candles indicator. Or an opposite dot appears. We can re-enter if the original colour candle returns and an opposite dot...
19-20 trades is very small sample in my opinion. its not that hard to curve fit parameters to make the strategy to appear profitable.
Quoting tonny47
{quote} 19-20 trades is very small sample in my opinion. its not that hard to curve fit parameters to make the strategy to appear profitable.
what you are overlooking is the fact that those 19 trades encompass almost 5 years of market coverage, which highlights the robustness of the indicators to survive market conditions.

How many times have you read, on this forum, how strategies will work now but when the market changes it stops working...well...how's 5 years?

How many times have you read...this market is fractal...think about it...just saying.
There are two mistakes:

1. You don't under estimate the market. There's no simple or easy trading method.

2. You don't expose your edge. This is zero sum game and market will quickly neutralize your edge.
Simplicity is the ultimate sophistication - Leonardo da Vinci
Quoting cfudge
{quote} what you are overlooking is the fact that those 19 trades encompass almost 5 years of market coverage, which highlights the robustness of the indicators to survive market conditions. How many times have you read, on this forum, how strategies will work now but when the market changes it stops working...well...how's 5 years? How many times have you read...this market is fractal...think about it...just saying.
I don't think you can talk about robustness based on the fact that you have been using 5 years of data with 19 trades.

What you are doing in this thread is similar to this: over past 5 years, whilst having breakfast, there were 19 instances of me seeing 4 green Toyota cars driving one after another in front of my house. it started raining within one hour in 15 cases out of 19 when I saw those green Toyota's. So now I am expecting it to rain every time I see 4 green Toyota's. But you know what, I want to know more frequently when it's going to rain. Maybe I should see how often it rains when I see 4 green cars of any make, right?!
you show indicator on weekly signal but you want enter /exit trade on daily signal?
see again pictures what i say
regard
your system have not EDG {long term quality}
but thanks again
what we want:1+1+1+1+1+1+1+1=8 what market delivers:1+2+8+7-4+0-5+8-4-5=8
Quoting tonny47
{quote} I don't think you can talk about robustness based on the fact that you have been using 5 years of data with 19 trades. What you are doing in this thread is similar to this: over past 5 years, whilst having breakfast, there were 19 instances of me seeing 4 green Toyota cars driving one after another in front of my house. it started raining within one hour in 15 cases out of 19 when I saw those green Toyota's. So now I am expecting it to rain every time I see 4 green Toyota's. But you know what, I want to know more frequently when it's going...
As per the Toyota example, as long as you make money/come out nett positive in the end, i don't see why not.

The key time frame here is Daily, 19 trades over a 5 year period considering the holding time is not bad. Chris is using it as the baseline and trying to figuring parameters for the lower time frames.

Also, who gets to say what is the ideal sample size is, 100, why not 110 or 200?

My feeling is every trader/almost every trader operates on hearsay vis a vis what moves the market. if really what moved the market was that abundantly clear, there would have been a greater consensus among the traders and wouldn't have spanned these many methodologies: From reading tea leaves, Fibonacci, moving averages, order flow etc... etc....

Based on your history, it looks like you used moving averages, the same argument used by you does apply to your thought process.

I am all for criticism with the caveat it being "constructive", if you think the person is wrong- first and foremost please make sure you are qualified- show an alternative approach. The general theme is negative, "Hey what you are doing is wrong man...Let me get back to doing what i do which hasn't worked for me in decades"....shhhh
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