Hi Noor, interesting concept - I like the "autotrendchannel", very useful indi indeed.
However if you don't mind, maybe people can dispense with the IINWMARROWS indi with the quite annoying alert and use the one attached? It gives less signals but I think that they are more accurate (IMHO of course)
If you don't think so, let me know and I'll remove this post
{quote} HI Greg, I just read this now. Indeed, you indicated this already. Together with the flaws in the code I posted, nobody payed attention to this and seems to prefer to believe in the illusion? Crazy, dreamworld until the money burns. I am not allowed to post anymore, for Noor16 put me on ignore and blocked because of this. I can still edit this post thought. Why do you put me on ignore for this Noor16? If a doctor tells you there is something wrong with your body, do you also ignore him? Or the garage with your car? Always shoot the messenger...
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Is it hard to admit that what we deem to be perfect isn't? Clearly, trading anything on the 15m can result can a very late confirmation of trend change. Not to mention the trend can never be identifed as changed on the higher tf. Until we understand that trend trading will always be hit and miss.
jmtini Is the wave dot indicator, a re-paint or a non-repaint but lagging indicator? Thank you
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Hi Rafazi
It repaints of course. but for the purposes of this trading system, I just thought that it is better then the one that Noor suggests. But it's entirely up to you if you want to use it or the other one - or none if you wish!
The indi uses countertrend exhaustion (overbought/oversold) as a signal. Actually I found it works best on the 1 min chart because trend changes are more numerous and overbought/oversold situation is more likely to occur within a few pip range. Also on the 1 min chart one can track trend changes quickly using ema's whereas on the higher time frames the situation can continue with price continuing to rise/fall for many more pips, thus any signal is useless
That is not really true friend. I use ema's to very good effect - in fact I couldn't trade without them! Also BRN lines, Pivot points, time lines, currency strength indi's - all very useful indeed.
{quote} Hi Rafazi It repaints of course. but for the purposes of this trading system, I just thought that it is better then the one that Noor suggests. But it's entirely up to you if you want to use it or the other one - or none if you wish! The indi uses countertrend exhaustion (overbought/oversold) as a signal. Actually I found it works best on the 1 min chart because trend changes are more numerous and overbought/oversold situation is more likely to occur within a few pip range. Also on the 1 min chart one can track trend changes quickly using...
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Excellent point. The lower time frame, in this case the 1m, creates everything you see on the TF which comes after it. However, even on the 1m chart one has to program and identify a ton of " variations" which can make a system reliable under All market conditions.
The term "overbought" and "oversold" just as undersold and undsrbought are all terms which don't play into price action nor is it anything which can even be measured. Let us say that EU opens up with a 200 pip gap. No indicAtor can predict the amount of volume which will come in nor the people will buy or sell lots to them. I may have a sell bias which means everytime the price goes up i justify !y position with an Overbought outlook and my system says sell so i Do it and i get hammered for 100 pips more. All in all M@ lines are widely used but PA still still determine where the position will go.
{quote} Excellent point. The lower time frame, in this case the 1m, creates everything you see on the TF which comes after it. However, even on the 1m chart one has to program and identify a ton of " variations" which can make a system reliable under All market conditions. The term "overbought" and "oversold" just as undersold and undsrbought are all terms which don't play into price action nor is it anything which can even be measured. Let us say that EU opens up with a 200 pip gap. No indicAtor can predict the amount of volume which will come...
{quote} Excellent point. The lower time frame, in this case the 1m, creates everything you see on the TF which comes after it. However, even on the 1m chart one has to program and identify a ton of " variations" which can make a system reliable under All market conditions. The term "overbought" and "oversold" just as undersold and undsrbought are all terms which don't play into price action nor is it anything which can even be measured. Let us say that EU opens up with a 200 pip gap. No indicAtor can predict the amount of volume which will come...
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I totally agree with you and if you read my previous post I said that especially on the higher time frames price action can continue going up/down in an "overbought/oversold" oscillator situation for many pips. That is why I am not particularly punting the virtues of the wave.dots indi. Certainly one should never use it solely in isolation. But as a confirmation indi along with one or more other indi's I think it should be quite useful. IMHO anyway
My last 2 great signal after EU open {image} {image}
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hi noor,
do u add any other confirmation to take a trade like ma cross over, can u please explain a bit more, how do u filler signal to be more accurate ?
thank u
