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

Thanks Mladen & Mrtools (profitable system with 2 indicators)

Quoting DrDave
{quote} I don't know exactly what you want to check on the EA, but using a piece of the previously posted D1 chart with W1 dots, the rectangles represent the W1 bar that is painted by the 5 D1 bars that it encloses. Note the red dot is displayed only after the W1 bar is CLOSED. Likewise, the blue dot is displayed only after the W1 bar is CLOSED. So your trade is now (hopefully) riding the D1 bars until a bar of opposite color is closed or a dot of opposite color is displayed. {image} The frist rectangle from the left is a red W1 rectangle/bar because...
Thanks DrDave for the explanation.
So, to clarify....when the first D1 bar opens, in the second red/blue rectangles you have drawn, the dot is already there?

it is NOT the second red/blue rectangle that draws the dot ?
  • Post #62
  • Quote
  • Edited at 9:54am Sep 29, 2019 8:18am | Edited at 9:54am
Quoting jimsxxl
{quote} Thanks DrDave for the explanation. So, to clarify....when the first D1 bar opens, in the second red/blue rectangles you have drawn, the dot is already there? it is NOT the second red/blue rectangle that draws the dot ?
I loaded the frama dots indicator on H1 and set it for H4. I looked very closely at both H1 and H4 charts for how the lines and dots are drawn. The logic for placing the dot was not what I was expecting, so I made a close study of how it is drawn.

From what I can see, the dot drawn on H1 is the BEGINNING of a new H4 bar. Therefore, the dot is signaling something occurred at the close of the last H4 bar (which corresponds to the close of the preceding H1 bar as well). This "something" appears to be the crossing of the frama lines. So this dot on H1 is displaying a confirmation that the just closed H4 bar had the lines cross and is the signal for immediate entry. (Typically, I see signal bars coded to have the indicator drawn on the closed signal bar rather than on the open of the following entry bar.)
The markets are speaking to you. Do you know their language?
IMT Pips This Year: 110
Quoting DrDave
{quote} I loaded the frama dots indicator on H1 and set it for H4. I looked very closely at both H1 and H4 charts for how the lines and dots are drawn. The logic for placing the dot was not what I was expecting, so I made a close study of how it is drawn. From what I can see, the dot drawn on H1 is the BEGINNING of a new H4 bar. Therefore, the dot is signaling something occurred at the close of the last H4 bar (which corresponds to the close of the preceding H1 bar as well). This "something" appears to be the crossing of the frama lines. So this...
Hey again Dave
Yes, i did a fast check aswell and saw the same thing.
The close of the candle on the higher timeframe generates the dot
Quoting jimsxxl
{quote} Hey again Dave Yes, i did a fast check aswell and saw the same thing. The close of the candle on the higher timeframe generates the dot
Yes. And for this system, the dot is the TRIGGER to enter. On most systems, the dot would have been placed over the closed candle on the higher timeframe rather than above the new candle that is forming.
The markets are speaking to you. Do you know their language?
IMT Pips This Year: 110
Quoting heispark
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.
Edge? There is no such thing.... you are not competing against other traders, or the market.. you are trading in agreement with the market. All this "you need to find an edge malarky" sends people down the rabbit hole. All you need is discipline, consistency and patience (on-top of your trading system).. you can call those 'edge' if you want, but they're not.

anyway, good thread, i'm following and will test this out.
  • Post #66
  • Quote
  • Edited at 12:24pm Sep 29, 2019 12:05pm | Edited at 12:24pm
Nice observation DrDave, jimsxxl

This is great news...the earlier the signal the better, of course.

I wonder if the namesakes for this thread could shed some light on this...

I would like to know how you observed this, when markets are closed. Was it with the tester?

Chris

@DrDave

I don't have a great deal of time this week to run a test like you suggested (post 60)...with the weekly close, do you have any preliminary results?
Quoting cfudge
Nice observation DrDave, jimsxxl This is great news...the earlier the signal the better, of course. I wonder if the namesakes for this thread could shed some light on this... I would like to know how you observed this, when markets are closed. Was it with the tester? Chris @DrDave I don't have a great deal of time this week to run a test like you suggested (post 60)...with the weekly close, do you have any preliminary results?
Sorry, but no. Maybe I will be able to make a check on H4/H1 pair.
The markets are speaking to you. Do you know their language?
IMT Pips This Year: 110
I asked Mrtools about the printing of the Frama Ribbon dots, in MTF mode.

Attached Image (click to enlarge)
Click to Enlarge Name: question answer.jpg Size: 57 KB

Attached Image (click to enlarge)
Click to Enlarge Name: charts.jpg Size: 53 KB
Here is a chart with red dotted lines showing where the dots were with "Arrow on first MTF bar" set to true.

The dots, as you see them now, are with it set to false.

Attached Image (click to enlarge)
Click to Enlarge Name: frama dots.jpg Size: 69 KB


With candles...

Attached Image (click to enlarge)
Click to Enlarge Name: frama dots candles.jpg Size: 108 KB
Quoting cfudge
Here is a chart with red dotted lines showing where the dots were with "Arrow on first MTF bar" set to true. The dots, as you see them now, are with it set to false. {image} With candles... {image}
Nice observation. No signals for exit however, but you could factor in S/R for your SL or TP possibly. Look forward to your continued observations and development.
Quoting johnsmith2nd
{quote} Nice observation. No signals for exit however, but you could factor in S/R for your SL or TP possibly. Look forward to your continued observations and development.
Exit criteria is in post #1
Here are the 6 charts setup for trading.

3 daily charts (on top)
3 4hour charts (on bottom)

Two trades entered at opening.

GL daily short
AN 4hr long

Already the dot on GJ has disappeared. I am going to trade this on every dot, so if at the close of the last daily/weekly candle we see a dot I will trade it. Let's see where we get.

Chris

Attached Image (click to enlarge)
Click to Enlarge Name: charts setup.jpg Size: 251 KB


PS; The templates do not seem to work for me, not sure why???
If you +/- candle size the xSuperTrend does not show the candle colour properly, You have to turn "Auto adjust candle body" to false, close the set file window,
re-open it and set it back to true to fix it.
Quoting cfudge
Here are the 6 charts setup for trading. 3 daily charts (on top) 3 4hour charts (on bottom) Two trades entered at opening. GL daily short AN 4hr long Already the dot on GJ has disappeared. I am going to trade this on every dot, so if at the close of the last daily/weekly candle we see a dot I will trade it. Let's see where we get. Chris {image} PS; The templates do not seem to work for me, not sure why??? If you +/- candle size the xSuperTrend does not show the candle colour properly, You have to turn "Auto adjust candle body" to false, close the...
Yes Chris- The templates for some reason are not working...
If you want the setfiles for the 3 daily charts go to posts 22 29 30

If you want the setfiles for the 3 4hr charts go to post 47

These are all for the xsupertrend indicator

The frama ribbon set files are all the same as post 1
when I combine this indicator with my strategy ;results are very promising...but for testing purpose I need push alert for color changing (mtf candles indi)..
Quoting cfudge
If you want the setfiles for the 3 daily charts go to posts 22 29 30 If you want the setfiles for the 3 4hr charts go to post 47 These are all for the xsupertrend indicator The frama ribbon set files are all the same as post 1
Thank You Chris...
Quoting cfudge
If you want the setfiles for the 3 daily charts go to posts 22 29 30 If you want the setfiles for the 3 4hr charts go to post 47 These are all for the xsupertrend indicator The frama ribbon set files are all the same as post 1
Chris,

Could you help me understand this:

For the 4HR charts, for the Frama Ribbon-"Time Frame To Use"-Do we use the Weekly Setting or do we use Daily Setting, because post#1 has settings for weekly and post#47 mentioned daily.

Thanks
Quoting aaven
{quote} Chris, Could you help me understand this: For the 4HR charts, for the Frama Ribbon-"Time Frame To Use"-Do we use the Weekly Setting or do we use Daily Setting, because post#1 has settings for weekly and post#47 mentioned daily. Thanks
Sorry guys...aaven is right, the Frama Ribbon is the same as post 1 set file but you need to have the TF 1 higher than the chart you place it on.
XAUUSD dot just presented itself.

The three red lines are the trades.

Chris
Attached Image (click to enlarge)
Click to Enlarge Name: charts setup.jpg Size: 240 KB
Quoting cfudge
Here are the 6 charts setup for trading. 3 daily charts (on top) 3 4hour charts (on bottom) Two trades entered at opening. GL daily short AN 4hr long Already the dot on GJ has disappeared. I am going to trade this on every dot, so if at the close of the last daily/weekly candle we see a dot I will trade it. Let's see where we get. Chris {image} PS; The templates do not seem to work for me, not sure why??? If you +/- candle size the xSuperTrend does not show the candle colour properly, You have to turn "Auto adjust candle body" to false, close the...
I am very interested in seeing how the GBPJPY sell turns out, because my bias is for longs. D1 is already overdue to go up.
The markets are speaking to you. Do you know their language?
IMT Pips This Year: 110
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