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SilentFathers Trading Ideas

  • #561
  • Sep 20, 2018 7:57am Sep 20, 2018 7:57am
The channels show you the way to go.

These are my trades so far today.
The first one I exited for a small loss when the upper channel dipped below the HH of the lower channel but I reentered as the way still seemed to be up.
The next two I took short scalps, exiting where I felt it may bounce.
The last seemed a good breakout trade so I held it until the upper channel dipped below the HH of the lower (red line). If the lower channel now closes above the low of the upper channel, I may consider reentering but it depends on PA and the fact that the lower channel is now showing magenta dots will be a deterrent.
Attached Image (click to enlarge)
Click to Enlarge Name: seo20.png Size: 32 KB
  • #562
  • Sep 20, 2018 9:07am Sep 20, 2018 9:07am
Quoting hepsibah
{quote} Have a look at what happens when the outer channel dips below the most recent high of the inner channel and when it turns up across the most recent low of the inner. You can get chopped a little but never be on the wrong end of a big run.
Copy, and at the same time, keep an eye on the dots right?
I understand mixed coloured dots is a sign of choppiness too...correct me if I´m wrong).
  • #563
  • Sep 20, 2018 9:19am Sep 20, 2018 9:19am
Quoting cuchuflito
{quote} Copy, and at the same time, keep an eye on the dots right? I understand mixed coloured dots is a sign of choppiness too...correct me if I´m wrong).
Absolutely right, mixed coloured dots is a sign of consolidation or pullback. But the crossing of the outer channel with the inner channel is the best way I have found so far to keep on the right end for when a big move comes.

I am sure there is more to discover/better settings to use but this is the next best thing I have seen to a route map so far.
  • #564
  • Sep 20, 2018 10:50am Sep 20, 2018 10:50am
So many hidden clues. Managed to catch this one and am still in it waiting to see what happens when the inner channel hits the lower TL.
Attached Image (click to enlarge)
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  • #565
  • Sep 20, 2018 1:03pm Sep 20, 2018 1:03pm
This is how I understand it.
-EURUSD 15,on Mt4,using Heps double channels
I marked:
a- the channel cross for trend direction
b- the first two green dots

Marked the corresponding bars in my software with arrows (without channels).
Being a 15 M chart, you have plenty of time.
Once the trend was established, I used the longer period indi for a trigger, and the shorter period one to trail .
Result, almost a 5 R trade.
What I really like, is that you are bound not to miss big moves.
Tomorrow I will go for it with real $
(Thanks guys!!!!!)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 15.gif Size: 106 KB
  • #566
  • Sep 21, 2018 1:19am Sep 21, 2018 1:19am
Quoting hepsibah
{quote} Have a look at what happens when the outer channel dips below the most recent high of the inner channel and when it turns up across the most recent low of the inner. You can get chopped a little but never be on the wrong end of a big run.
Hi hepsibah, can you post an example of this, trying to confirm entries with all these different ways work the strategy.
Thanks.
  • #567
  • Sep 21, 2018 1:26am Sep 21, 2018 1:26am
Quoting Jimmyf
{quote} Hi hepsibah, can you post an example of this, trying to confirm entries with all these different ways work the strategy. Thanks.
Please see post #561 where I explained how I used it. When the upper channel crossed below the last H of the lower channel (red line) this is an indication of a change in trend to down. It is not necessarily a signal to enter but it would be a signal to exit a long trade. The blue line is showing where there may be a change back to an up trend if the lower channel crossed above it.
  • #568
  • Sep 21, 2018 3:43am Sep 21, 2018 3:43am
Hi there,

Looks like a brilliant yet simple indicator! Figuring S/R can be such a pain. Thank you SilentFather for sharing your experience!

Thinking about other platforms, anyone has found a way to put it in NinjaTrader 8? What would be important values to put in? For some reason, you cannot put period less than 2. Attached is a print screen of a settings screen.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 201 KB
Buy low, sell high.
  • #569
  • Sep 21, 2018 4:11am Sep 21, 2018 4:11am
Quoting hepsibah
Not all of the Keltner Bands I looked at allowed customisation of the offset of the bands but here's one I found and got it to pretty much match the blueind I was using. And as OD says, it is much less greedy in cpu terms {file}
Not only are you amazing at coding, but also are good with finding equivalent indicators! What settings have you had to tweak to get Keltner match the Blueind? I am trying to figure out a way to use it NT8, it does have keltner.
Buy low, sell high.
  • #570
  • Sep 21, 2018 4:25am Sep 21, 2018 4:25am
Quoting HappyMan
{quote} Not only are you amazing at coding, but also are good with finding equivalent indicators! What settings have you had to tweak to get Keltner match the Blueind? I am trying to figure out a way to use it NT8, it does have keltner.
It's worth reading the thread because the evolution of the channels and the settings are mentioned several times.
I began using a Keltner setting of 1, 10, 3 but I am currently using two Keltner channels with settings of 1,10,2 and 1,10,5
  • #571
  • Sep 21, 2018 4:36am Sep 21, 2018 4:36am
Quoting hepsibah
{quote} It's worth reading the thread because the evolution of the channels and the settings are mentioned several times. I began using a Keltner setting of 1, 10, 3 but I am currently using two Keltner channels with settings of 1,10,2 and 1,10,5
Thanks for the update! I'm on page 10 already and just saw your settings. From my playing with cTrader, these settings fit a bit closer 1, 10, 7. In NT, there is no space to put ATR ;-(

Do you use both channels simultaneously or on separate screens? What advantages do twin channels give?
Buy low, sell high.
  • #572
  • Sep 21, 2018 10:07pm Sep 21, 2018 10:07pm
Here is something interesting on a completely different instrument. I have tried the cross of bands on /ES mini S&P futures.

9 points is approximately 450 pips.

How far down do you think it may go?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 385 KB
Buy low, sell high.
  • #573
  • Sep 22, 2018 8:51am Sep 22, 2018 8:51am
I kinda realised (I asked before) if my broker keeps the 1:500 leverage. They said they will since they are located in Australia, so yeah... This system can still do amazing things and get us lots of money. I literally hate the small leverage we get. I want to trade, not play on the market.

SF
  • #574
  • Sep 22, 2018 11:34am Sep 22, 2018 11:34am
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}
Thank you for posting your indicator. I am a novice coder and trying to create an alert whenever the dots appear using buffers 0 and 1, but for some reason it alerts for both blue and magenta dots on every single bar.
  • #575
  • Sep 24, 2018 7:54pm Sep 24, 2018 7:54pm
Hi: Thanks for the thread. Attached image is how I am trying to use this. The bands are the original ones from the thread. The filter is "saducky" which I think is a modified HA indicator. Will post if wanted. Have other filters but do not want to clutter chart. I simply look for a break thru a well defined peak of the channels. I also have a screen with a 5 minute chart as a time to pay attention view but use the 15 minute for entries.

Enough said, I do have a strange request. Could someone add an extra to the original Father indicator. If possible add a middle line that is the average of the two. Not sure if it would add anything but I am curious as to what it might show in terms of setting a stop loss.

Thanks, MDAVEM

Attached Image (click to enlarge)
Click to Enlarge Name: S_F_SE_24.jpg Size: 650 KB
  • #576
  • Sep 24, 2018 9:03pm Sep 24, 2018 9:03pm
Hi: Follow up to Post 575. Saducky indicator I am using as a filter and original Silent Father channel that I hope someone can modify so that an average of the two bands can be shown. Thanks, MDAVEM

Attached File(s)
File Type: mq4 FATHER_BlueInd v1.2b.mq4   1 KB | 592 downloads


Attached File(s)
File Type: mq4 i_Sadukey_V1.mq4   14 KB | 526 downloads
  • #577
  • Edited Sep 25, 2018 4:01am Sep 24, 2018 10:56pm | Edited Sep 25, 2018 4:01am
Quoting mdavem
Could someone add an extra to the original Father indicator. If possible add a middle line that is the average of the two. Not sure if it would add anything but I am curious as to what it might show in terms of setting a stop loss. Thanks, MDAVEM {image}
This is based off of price itself (close to close) so you should be able to add a moving average of 1 to your chart and get the exact middle or change from candle to line chart.
  • #578
  • Sep 25, 2018 7:33am Sep 25, 2018 7:33am
Quoting mdavem
Hi: Follow up to Post 575. Saducky indicator I am using as a filter and original Silent Father channel that I hope someone can modify so that an average of the two bands can be shown. Thanks, MDAVEM {file} {file}
Could you please add your TPL? - very nice chart
Thank you!
Just an opinion. Based on research
  • #579
  • Sep 25, 2018 8:44am Sep 25, 2018 8:44am
Quoting SilentFather
{quote} Well done Mate. I'm checking the charts for the crosses and maybe something can be done quite easily. And also I believe there are other patterns. Trying to get them working. So far with the crosses, we wait until lower channel will be crossed by upper or upper channel crossed by lower and we can trade if there is place where indicator stopped before. Check this picture for two signals. Numbers 1 & 2 are the crosses. First signal will go sell second one is going buy. So we sell (1) on 1.16480 with TP 1.1629. Easy trade, zero...
Sorry SF but this chart is probably the most unclear confusing on this thread, where is the cross exactly? Perhaps it's the way you saved the screenshot
Read in between the price!!!
  • #580
  • Sep 25, 2018 10:25am Sep 25, 2018 10:25am
Quoting calebfx
{quote} Sorry SF but this chart is probably the most unclear confusing on this thread, where is the cross exactly? Perhaps it's the way you saved the screenshot
I know, sorry. Pictures before were much better... I realised we can get more accurate sell and buy if we check price high/low. But it's not done yet. However it will be clear when you get into it. I will of course work on it. But it is really hard sometimes since it is not "clear" like you can trade trend with simple MA. But it's worth it.

SF
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