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  • #521
  • Sep 14, 2018 5:29am Sep 14, 2018 5:29am
Quoting hepsibah
Here is a simple and reliable way of trading the channels (but just one of very many as this thread has shown). I made a modified Keltner Channel that prints a dot when a spike has occurred. The dot may repaint until the close of the second bar following the spike so you must wait for the close. If the last channel cross was up the dot is blue, if it was down it will be magenta. I have charted two channels, one with settings 1, 10, 3 (inner channel) and one with settings 1, 10, 9 (outer channel). If both channels are printing blue ascending dots...

Thank You Hepsibah

That is Great

Regards

S.
  • #522
  • Sep 14, 2018 11:02am Sep 14, 2018 11:02am
Quoting hepsibah
Here is a simple and reliable way of trading the channels (but just one of very many as this thread has shown). I made a modified Keltner Channel that prints a dot when a spike has occurred. The dot may repaint until the close of the second bar following the spike so you must wait for the close. If the last channel cross was up the dot is blue, if it was down it will be magenta. I have charted two channels, one with settings 1, 10, 3 (inner channel) and one with settings 1, 10, 9 (outer channel). If both channels are printing blue ascending dots...
Nice one my friend. You are doing amazing job while I kinda suck now. (Have some troubles working in real world, hehe) I will definitely come back once I figure out few things.

Thank You again for helping others and me. Something like this was needed since everything was manual for now and it is kinda annoying. I will hopefully in future make something automatic too, but for cTrader.

SF
  • #523
  • Sep 14, 2018 11:39am Sep 14, 2018 11:39am
Just closed this. I don't think it is done yet but it's Friday and I'm done for the week.

Just follow the dots with tight SL's and you should be more than ok.
Attached Image (click to enlarge)
Click to Enlarge Name: sep14.png Size: 44 KB
  • #524
  • Sep 14, 2018 12:37pm Sep 14, 2018 12:37pm
Quoting hepsibah
Just closed this. I don't think it is done yet but it's Friday and I'm done for the week. Just follow the dots with tight SL's and you should be more than ok. {image}
Hepsibah, could be also possible this? Since I did not saw Your indicator and way of trading in action, tell me please.

Can this be possible? As I show on picture? Thank You.

I mean like.. Price will be on high and both bands will get same color. Can we sell on high after candle is closed and get profit or the signal will appear later?

SF
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 114 KB
  • #525
  • Sep 14, 2018 4:01pm Sep 14, 2018 4:01pm
Quoting hepsibah
Here is a simple and reliable way
Wonderful! Thank you!
Just an opinion. Based on research
  • #526
  • Sep 15, 2018 12:28am Sep 15, 2018 12:28am
Quoting SilentFather
{quote} Hepsibah, could be also possible this? Since I did not saw Your indicator and way of trading in action, tell me please. Can this be possible? As I show on picture? Thank You. I mean like.. Price will be on high and both bands will get same color. Can we sell on high after candle is closed and get profit or the signal will appear later? SF {image}
The dot will not appear until the second bar after the spike since it is a fractal and cannot know there is a spike until two bars afterwards. So the dots themselves are not entry signals, what they do is give you a short and a longer term direction bias. We then have to make a decision as to whether to enter based on how far away the short term spike is (price usually move towards spikes) and PA. And if we enter there is obviously a decision to be made about exit. I have been using the short term spike as my tp in general but, if the market is moving strongly like the trade yesterday, and there is no sign that the inner channel may change direction, it is worth leaving it until it runs out of steam.

I am finding opportunities on the 1min chart every day during Frankfurt /London where I wait for a match on the dots and a nice big spike to appear. Then rinse and repeat after NY open.
  • #527
  • Sep 15, 2018 10:29am Sep 15, 2018 10:29am
Quoting hepsibah
{quote} The dot will not appear until the second bar after the spike since it is a fractal and cannot know there is a spike until two bars afterwards. So the dots themselves are not entry signals, what they do is give you a short and a longer term direction bias. We then have to make a decision as to whether to enter based on how far away the short term spike is (price usually move towards spikes) and PA. And if we enter there is obviously a decision to be made about exit. I have been using the short term spike as my tp in general but, if the market...
Great So it is possible to get entry sooner than with original price. Thanks.

SF
  • #528
  • Sep 15, 2018 12:22pm Sep 15, 2018 12:22pm
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH1.png Size: 40 KB

Anybody know why I don't see lines of indicator, dots only?
Just an opinion. Based on research
  • #529
  • Sep 15, 2018 12:57pm Sep 15, 2018 12:57pm
Quoting since80808
{image} Anybody know why I don't see lines of indicator, dots only?
You need to add them separately. I made a template but I forgot to upload it here. Let me do it now.

SF
  • #530
  • Sep 15, 2018 1:23pm Sep 15, 2018 1:23pm
Quoting since80808
{image} Anybody know why I don't see lines of indicator, dots only?
Enjoy

SF
Attached File(s)
File Type: rar hepsibah_template.rar   21 KB | 880 downloads
  • #531
  • Edited Sep 16, 2018 12:28am Sep 15, 2018 4:35pm | Edited Sep 16, 2018 12:28am
Quoting since80808
{image} Anybody know why I don't see lines of indicator, dots only?
I noticed the same when I put it on another account. Not sure why that happened but try this version, it should be fine.

EDIT - sorry, v3 still wasn't correct but I think v4 is ok now and should draw both the channels and the dots

Attached File(s)
File Type: mq4 Ktrendtargets4.mq4   2 KB | 704 downloads
  • #532
  • Sep 16, 2018 4:35am Sep 16, 2018 4:35am
Quoting SilentFather
{quote} You need to add them separately. I made a template but I forgot to upload it here. Let me do it now. SF
Works fine, thank you.
Made a little bit more visible template - better for my eyes - may be useful
Attached File(s)
File Type: tpl Keltner_Chanel_HepsibahV.tpl   2 KB | 616 downloads
Just an opinion. Based on research
  • #533
  • Sep 16, 2018 2:32pm Sep 16, 2018 2:32pm
Quoting hepsibah
1min chart every day during Frankfurt /London .
,
What is your spread on EU? And what is your SL rule: fixed pips or some situative level ?
Just an opinion. Based on research
  • #534
  • Sep 16, 2018 3:14pm Sep 16, 2018 3:14pm
Quoting since80808
{quote} , What is your spread on EU? And what is your SL rule: fixed pips or some situative level ?
Spread on EU averages 0.5. I don't have a fixed SL, I'll put in an 'emergency' SL a way away but I'll get out if I start not to like the PA. Ultimate SL is if both channels change trend but since I've started to wait for both channels to agree during peak times, it has been rare not to get out with a profit. It is only when I get impatient and enter during slow times that I may have to scratch. I was already in short before the news on Friday and was stopped out for 10 pips when it spiked up but I got straight back in when it turned back down because the channels were both still signalling down.
  • #535
  • Sep 17, 2018 12:59am Sep 17, 2018 12:59am
Quoting hepsibah
{quote} Spread on EU averages 0.5.
Excuse me,
Whst's your broker?
Just an opinion. Based on research
  • #536
  • Sep 17, 2018 1:05am Sep 17, 2018 1:05am
Quoting since80808
{quote} Excuse me, Whst's your broker?
I don't think we're supposed to mention our brokers names outside the commercial section but they are in Australia with initials GP and are excellent in every way, withdrawals are in my bank account the next day.
  • #537
  • Sep 17, 2018 2:50am Sep 17, 2018 2:50am
since80808 may not realise you are probably paying a commission to get that spread.
Good Trading
  • #538
  • Sep 17, 2018 2:56am Sep 17, 2018 2:56am
Quoting hepsibah
{quote} I noticed the same when I put it on another account. Not sure why that happened but try this version, it should be fine. EDIT - sorry, v3 still wasn't correct but I think v4 is ok now and should draw both the channels and the dots {file}
Yep. I notice it paints a wider channel than the blueind v1.2b (both with default settings).
Good Trading
  • #539
  • Sep 17, 2018 2:57am Sep 17, 2018 2:57am
Quoting aud
since80808 may not realise you are probably paying a commission to get that spread.
Yes of course there is a commission it is an ECN broker.
  • #540
  • Sep 17, 2018 10:58am Sep 17, 2018 10:58am
Quoting aud
since80808 may not realise you are probably paying a commission to get that spread.
It does not really matter. I would say it is even better since with spread so low, you will be in profit faster so it does not matter much.

SF
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