joe chalhoub fx forecaster system | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Grand Forecaster (TGF) Journal 14 replies

anyone check out the Joe Chalhoub fx forecaster indicator?? 2 replies

Auto trend forecaster in bars? 8 replies

Forecaster-5 min 19 replies

Experience, by Joe Ross 16 replies

Attachments: joe chalhoub fx forecaster system
Exit Attachments

joe chalhoub fx forecaster system

  • #41
  • Feb 22, 2018 8:36pm Feb 22, 2018 8:36pm
new trade open gbp/usd short
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 131 KB
Make it as perfect as you can....
  • #42
  • Feb 25, 2018 10:22am Feb 25, 2018 10:22am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts | Online Now
Quoting philstodd
new trade open gbp/usd short {image}
My friend, if you stayed in that trade until the end, you lost a lot, unles you had a stop loss....
  • #43
  • Feb 26, 2018 2:15pm Feb 26, 2018 2:15pm
I took 20 pips this morning in USDCAD buy. Candle broke resistance; also looked at currency strength to help confirm direction; MAs crossed, plus pair is in uptrend for the month. Took profit below top of the ADR. I'm going to do more demo trades using this to see how it plays out. I wish there was more explanation about the relationship between the height and depth of the different color histogram bars. Anyone know about that?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 24 KB
  • #44
  • Feb 27, 2018 4:12pm Feb 27, 2018 4:12pm
Three small trades today, one in GBPCHF, two in CADJPY largely based on the indicator, one trade was to price average after a pull-back. 30.1 pips positive.
  • #45
  • Feb 28, 2018 5:31pm Feb 28, 2018 5:31pm
Quoting dhhtrader
Three small trades today, one in GBPCHF, two in CADJPY largely based on the indicator, one trade was to price average after a pull-back. 30.1 pips positive.

Hi: Good for you. Your other post asked about the indicator depth. I am not sure but there is a reference in the thread to 10 exponential moving average set to the high and 20 exponential set to the low. Seems to me it is maybe something like a OSMA. You can find this indicator using a search on FF. They look very similar on the charts. You can also put a couple of moving averages based on the high and the low on your chart and see if there is a correspondence with the indicator. You may also want to look for Sadukey indicator. It seems to be a HA based on a large number of inputs. Right now I am being lazy and if you are interested and it is okay with the op I will post a chart and the two indicators I am using. No magic answer but maybe a help. Dave
  • #46
  • Mar 1, 2018 4:46pm Mar 1, 2018 4:46pm
Quoting mdavem
{quote} Hi: Good for you. Your other post asked about the indicator depth. I am not sure but there is a reference in the thread to 10 exponential moving average set to the high and 20 exponential set to the low. Seems to me it is maybe something like a OSMA. You can find this indicator using a search on FF. They look very similar on the charts. You can also put a couple of moving averages based on the high and the low on your chart and see if there is a correspondence with the indicator. You may also want to look for Sadukey indicator. It seems...
Thanks for the lead, Dave. I've looked at the Sadukey, looks interesting.
  • #47
  • Mar 1, 2018 4:52pm Mar 1, 2018 4:52pm
The past two days I've had a clean 40 pips profit using the forecaster indicator. I'm setting very conservative TP levels like 10 to 20 pips. I'm liking what I see, so far. Been in a demo account, will go live on Monday.
  • #48
  • Mar 2, 2018 2:58am Mar 2, 2018 2:58am
I am not using this setup but just an idea.
NEVER STOP DREAMING
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB
  • #49
  • Mar 5, 2018 8:05am Mar 5, 2018 8:05am
First trade this morning with live account, GBPCHF, 10 pips in 25 minutes. Still taking it conservatively. I look for confirmation from RSI, MACD, MA cross and currency strength.
https://lh5.googleusercontent.com/N9...hID06g6u2j2nV1
  • #50
  • Mar 5, 2018 9:03am Mar 5, 2018 9:03am
Second trade this morning with live account, GBPJPY, 20 pips in about 25 minutes,
https://lh4.googleusercontent.com/3t...ZLGhG9qRQqwbMr
  • #51
  • Nov 27, 2018 1:33pm Nov 27, 2018 1:33pm
Subscribed. Trying it demo as of today. Let see. will post results
  • #52
  • Dec 16, 2018 3:44pm Dec 16, 2018 3:44pm
Quoting philstodd
heres the indicator download {file}
Can anyone help me to add mre color option for MACD and MA cross please?

Thank you
  • #53
  • Dec 17, 2018 12:04am Dec 17, 2018 12:04am
Try to use only entry signs. Once taking a position, keep running until TP/SL 20pips. When the sign (blue line) disappears, (1) close the position if it's losing (2) make SL=BE if it's winning. I had a pretty good backtesting on USDJPY 1H .

An interesting indy.
  • #54
  • Dec 17, 2018 12:06am Dec 17, 2018 12:06am
BTW, how much does it repaint??
  • #55
  • Dec 17, 2018 12:04pm Dec 17, 2018 12:04pm
Here is something to chew on...This is a 1min chart with indicator set to default (except color).

What I have set are two levels on the indicator, (manually, using just plain horizontal lines), one at +80 and one at -80. When the histogram goes beyond these levels we wait for the first white only bar to enter.

We enter short if histo. was above +80 and long if histo. was below -80. Trade is closed when histo. goes beyond opposite 80 level on first white only bar,(no SL).

If histo. does not go beyond opposite 80 level but returns to last 80 level we enter another trade.

On the chart you can see only one loss...not including current open trades.

Chris
Attached Image (click to enlarge)
Click to Enlarge Name: ch.jpg Size: 229 KB
  • #56
  • Edited 6:12pm Dec 17, 2018 5:55pm | Edited 6:12pm
Quoting cfudge
Here is so On the chart you can see only one loss...not including current open trades. Chris {image}
Isn't that loss supposed to win? (it should've gone long, eh?)
  • #57
  • Dec 17, 2018 8:40pm Dec 17, 2018 8:40pm
Quoting Forexgogo
{quote} Isn't that loss supposed to win? (it should've gone long, eh?)
I think it looks right
  • #58
  • Dec 17, 2018 10:02pm Dec 17, 2018 10:02pm
Here is today for 15 hours, plotted in real time (for the most part). 39 pips profit total on 1min chart.

Chris

Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 282 KB
  • #59
  • Dec 17, 2018 11:17pm Dec 17, 2018 11:17pm
Quoting cfudge
{quote} I think it looks right
Are you sure it doesnt repaint ?
  • #60
  • Dec 18, 2018 12:14am Dec 18, 2018 12:14am
Quoting Ivanyo
{quote} Sarcastic? Look at your P&L Also who is joe chalhoub?
A 2005, 2006 forex icon.
Regards
0 traders viewing now