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Indicator FIGHT CLUB

  • #1
  • First Post: Dec 9, 2018 6:34pm Dec 9, 2018 6:34pm
This thread is a fight club of sorts.

The arena is the EUR/USD DAILY chart and the period is 1/7/2016 - 30/06/2018.

You are only allowed to use one indicator at a time with your test, and you need to provide your settings so others can test the accuracy of your results.

This competition is intended to be practical and result in being able to help us all.

I have an indicator that provides me a decent edge, but I want to see if your indicator is as good or better.

I will show my indicator and provide the results of my test(s) if enough people participate.

Two indicators combined may be better than one, but lets see the results and edge of just your best indicator alone.

I WANT YOU TO HIT ME AS HARD AS YOU CAN...
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  • #2
  • Dec 9, 2018 7:10pm Dec 9, 2018 7:10pm
Price is my only indicator. I hope you're not offended.
  • #3
  • Dec 9, 2018 8:31pm Dec 9, 2018 8:31pm
I have no idea how I could possibly be offended by anything other than the fact the mods let you prosthelytize with your profile pic.

The question as to why you would waste your time posting in a thread which you have no interest in is your own business to work out.

While you are here however, I am interested in hearing how do you deal with the psychological aspects of consistency with your trading given (I assume) you use subjective entry methods?

I love trading with price action alone, and can do it profitably, but it is the psychological aspects of objective consistency or lack thereof that I struggle with in relation to it.
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  • #4
  • Dec 9, 2018 9:33pm Dec 9, 2018 9:33pm
im up for this cause i fight dirty LOL
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  • #5
  • Dec 10, 2018 3:03am Dec 10, 2018 3:03am
Quoting wasntme
im up for this cause i fight dirty LOL {image}
Can you kindly give name of the arrow indicator or post a tpl. Thanks and
Regards
  • #6
  • Dec 10, 2018 5:55pm Dec 10, 2018 5:55pm
Quoting Sarythsaya
This thread is a fight club of sorts. The arena is the EUR/USD DAILY chart and the period is 1/7/2016 - 30/06/2018. You are only allowed to use one indicator at a time with your test, and you need to provide your settings so others can test the accuracy of your results. This competition is intended to be practical and result in being able to help us all. I have an indicator that provides me a decent edge, but I want to see if your indicator is as good or better. I will show my indicator and provide the results of my test(s) if enough people participate....
I use a confluence of indicators but my strategy is mainly centred around this auto trendline channel indicator (attached).

I can upload my whole system if people want, but its mainly focused on this indicator. It uses fractals and a set amount of periods to plot a current trendline channel.

Sarythsaya, do you fancy uploading the indicators you use in your system?
Attached File(s)
File Type: ex4 Channel_Surfer.ex4   6 KB | 357 downloads
Nothing in life is to be feared, it is only to be understood.
  • #7
  • Dec 10, 2018 7:43pm Dec 10, 2018 7:43pm
Indicators by many traders gets a bad rap but they are great in EA’s. The EURUSD is a tough one for EA builders because it’s not a great trending pair, it’s not a great reversal pair and it an’it a good ranging pair either.
It is however a good alrounder not not a great profitable pair for most Algo traders.
I could show you some interesting results with the EU but I would need to trade it on multi timeframes within the same account to make any worthwhile test interesting.
But the good old Bollinger Bands is hard to beat provide you tweak the settings.
Trading thin liquidity at the boundary of the charts
  • #8
  • Dec 10, 2018 10:53pm Dec 10, 2018 10:53pm
Thanks to the contributors. I haven’t yet beaten the performance of the “Laguerre-acs1.mq4”. Over the period described above I had 31 trades, only 12 of which involved taking a loss.

I found a similar performance on another indicator, but when I tested using another market I found the edge not to be anywhere near as robust. I tested the above indicator on another market for the same period and received very similar results.

I still however hope someone has an indicator that can beat my performance.
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  • #9
  • Dec 11, 2018 1:39am Dec 11, 2018 1:39am
Quoting Sarythsaya
Thanks to the contributors. I haven’t yet beaten the performance of the “Laguerre-acs1.mq4”. Over the period described above I had 31 trades, only 12 of which involved taking a loss. I found a similar performance on another indicator, but when I tested using another market I found the edge not to be anywhere near as robust. I tested the above indicator on another market for the same period and received very similar results. I still however hope someone has an indicator that can beat my performance.
Hi Sarythsaya

That's a 62% win rate which is great. I believe the key in making money in Forex trading is not what indicator you are using but HOW YOU USE IT.
The Bollinger Band indicator is nothing flash, looks boring really however my results say otherwise.
Looking at my trade explorer from the past 6 weeks, it shows trading results from 22 currency pairs I trade. The win rate was 85% in November but has dropped back to 78% at present. It is not the indicator signals that has allowed those high win rates, it's the trade management profit taking system I designed that makes the high pip count wins possible. The indicator is only the entry indicator and has little bearing on the profitability of the system.
Trading thin liquidity at the boundary of the charts
  • #10
  • Dec 11, 2018 5:30am Dec 11, 2018 5:30am
Quoting goodways100
{quote} Can you kindly give name of the arrow indicator or post a tpl. Thanks and Regards
its just rsi overbought oversold indicator
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  • #11
  • Last Post: Dec 13, 2018 4:01am Dec 13, 2018 4:01am
Quoting goodways100
{quote} Can you kindly give name of the arrow indicator or post a tpl. Thanks and Regards

its an indi called scratch that tooslow posted while back...you can search
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