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The perfect combination (lets all profit from forex)

  • #41
  • Dec 28, 2018 11:20pm Dec 28, 2018 11:20pm
Subs. Thanks and
Regards
  • #42
  • Dec 29, 2018 12:11am Dec 29, 2018 12:11am
As i still advice traders looking to try my system, use it mostly for guidance. Here is a possible set up on eur/gbp h1.
SYSTEM STiLL UNDER TESTING THOUGH,SO FOR ANYONE LOOKING TO TRADE THIS SETUP,RISK REALLY SMALL
Attached Image (click to enlarge)
Click to Enlarge Name: SETUP.jpg Size: 321 KB
  • #43
  • Dec 29, 2018 1:58am Dec 29, 2018 1:58am
There is no such thing as a perfect combination of these types of indicators. Sometimes they exist for a short period of time on a specific instrument at specific timeframes and this is due to overfitting in backtests.

Please consider the following:

  1. Institutions (Banks, propfirms, Central banks, pension funds etc) ie the people who move the markets do not base their trades on these price base indicators. At no point is Goldmas or Morgans taking a trade because the MACD is oversold and any other combination of indicators....
  2. If there was such a combination do you think this would not have been discovered by these institutions with their vast resources and exploited, they would then not require human traders and have only algo based trading
  3. Price indicators are lagging, you are always going to be late to the party and will have to have large stop losses thereby limiting your ability to make profits.

Boxing clever since 76.
  • #44
  • Dec 29, 2018 5:44am Dec 29, 2018 5:44am
Quoting copi88
There is no such thing as a perfect combination of these types of indicators. Sometimes they exist for a short period of time on a specific instrument at specific timeframes and this is due to overfitting in backtests. Please consider the following: Institutions (Banks, propfirms, Central banks, pension funds etc) ie the people who move the markets do not base their trades on these price base indicators. At no point is Goldmas or Morgans taking a trade because the MACD is oversold and any other combination of indicators.... If there was such a combination...
I would disagree. The market is fractal. We get caught up on indicTors but not one of them can predict the volume, buyers, and sellers which will come on the next candle. Thhe next candle could be any tf honestly.
  • #45
  • Dec 29, 2018 7:37am Dec 29, 2018 7:37am
Quoting matthew89
{quote} Would you be prepared to share/upload the exact strategy you use?
You can read about my approach on my thread. You can see some chart samples on my other thread. I do not want to share the "exact" details obviously, and I don't want to deviate from the indicators/system the OP of this thread uses. My previous post was to help focus the task of creating a system, and to share that I completely concur with using indicators to measure price and place trades as the price cycles.
You cannot be extraordinary by being normal
  • #46
  • Dec 29, 2018 8:00am Dec 29, 2018 8:00am
Quoting copi88
There is no such thing as a perfect combination of these types of indicators. Sometimes they exist for a short period of time on a specific instrument at specific timeframes and this is due to overfitting in backtests. Please consider the following: Institutions (Banks, propfirms, Central banks, pension funds etc) ie the people who move the markets do not base their trades on these price base indicators. At no point is Goldmas or Morgans taking a trade because the MACD is oversold and any other combination of indicators.... If there was such a combination...
WHAT YOU SAID IS SO TRUE COPY, BUT INDICATORS HELP US ALTLEAST DETERMINE LEVELS WHERE THE BIG MONEY TRADES WILL TAKE PLACE, IT SO HARD NOT TO TRADE WITH ANY VISUAL CONFIRMATION BECAUSE YOU ARE NOT THE BANK etc.THAT'S WHY THIS THREAD IS ONLY FOR THOSE LOOKING TO ADD SOME SPICE TO THEIR CURRENT SYSTEMS AND TO ALSO TEACH EACH OTHER HOW TO TRADE DIFFERENT SYSTEMS.

REMEMBER THIS:THE MARKETS ARE SAID TO BE RANDOM AND COMPLICATED, BUT THERE ARE REALLY THOSE DAYS WHERE IT WILL FORM SUPER BASIC AMATURE SETUPS THAT ANYONE CAN REALLY TRADE, FOR ME I DONT WANT COMPLICATED SETUPS, BASIC ONES AT MAJOR LEVELS ARE ENOUGH.
  • #47
  • Dec 29, 2018 8:13am Dec 29, 2018 8:13am
Quoting copi88
there is no such thing as a perfect combination of these types of indicators. Sometimes they exist for a short period of time on a specific instrument at specific timeframes and this is due to overfitting in backtests. Please consider the following: Institutions (banks, propfirms, central banks, pension funds etc) ie the people who move the markets do not base their trades on these price base indicators. At no point is goldmas or morgans taking a trade because the macd is oversold and any other combination of indicators.... If there was such a combination...
so can you now tell us how you know big banks are going to trade? How you find your levels
  • #48
  • Dec 29, 2018 10:34am Dec 29, 2018 10:34am
Use martangle. ....
Trade fearless not careless...
  • #49
  • Dec 29, 2018 11:12am Dec 29, 2018 11:12am
Quoting copi88
Sometimes they exist for a short period of time on a specific instrument at specific timeframes and this is due to overfitting in backtests.
@copi88 -- I would beg to differ. The reason why is due to indicator settings becoming less optimal as the data changes. Indicators are simple algebraic formulas, often times with only a single setting (e.g. MA period). Data is "king" and its patterns are constantly changing -- there are trends up and down, consolidations, rangings, etc. Those indicator settings were originally determined by trial-and-error using a particular chunk of historical data. They need to be recalibrated from time-to-time with more recent broker data.

When you examine a balance or equity curve generated by a particular strategy you can see there are peaks and valleys. This is most likely due to changing data patterns -- when the indicator encounters data patterns that it was calibrated against then it performs well, and when it encounters data patterns that it was not trained against then it performs poorly.

People toss around the term "overfitting" -- but that's usually just hand-waving because they don't have a better explanation. You can tell if a strategy is overfitted if its back testing shows large steps -- e.g. the price rose on some Tuesday in the past and so the indicator is optimized to buy on Tuesdays. If the back testing results are relatively smooth and linear, then the strategy is likely not overfitted.
  • #50
  • Dec 29, 2018 11:16am Dec 29, 2018 11:16am
Quoting @dkrock
Once you decide to use probability, then you must accept a lowered precision. The idea is to trade consistently, and that is nearly impossible if you are trying to be precise.
@dkrock -- excellent post, one of the best I've read here at FF -- great insight and advice. I learned a lot and it made me think. Thank you...
  • #51
  • Dec 29, 2018 1:23pm Dec 29, 2018 1:23pm
repaint this indicator
Attached Image (click to enlarge)
Click to Enlarge Name: Picture11.jpg Size: 439 KB
  • #52
  • Dec 29, 2018 3:49pm Dec 29, 2018 3:49pm
Quoting thisara1
repaint this indicator {image}
yes it is repaint,go to page 2 on this thread and you get an idea how to use it.
See the two pictures i posted,dont try to trade the first trend change it repaints alot, rather try looking for trend continuation trades
  • #53
  • Dec 29, 2018 3:51pm Dec 29, 2018 3:51pm
Quoting thisara1
repaint this indicator {image}
might be a good trnd continuation trade
Attached Image (click to enlarge)
Click to Enlarge Name: SETUP.jpg Size: 321 KB
  • #54
  • Dec 29, 2018 4:06pm Dec 29, 2018 4:06pm
I'm new here, still learning and will always learn anything that will help me to be better in the future. IMHO, i think perfect indicators combination, not always equal to perfect trading system. You searching for 2 or more tools that could support each others and give you better visual information to take your trading decision. Plan your rules/setup according to visual information you get, then design your exit strategy. You need at least 2 strategies for positive result and for negative result.

Dynamic markets need flexible trading systems, so you can't survive with only one trading system in the long run. You need visual 'ranging' tools and 'trending' tools that suit your trading style and your emotional characters. We are different, so learn who you are first, then search for tools and knowledge to support/help you to take decisions. It's so easy 'up' or 'down' decision making process, 'risk' management is the key.

NIH98
Dog + Smile = Beautiful Day
  • #55
  • Edited 1:48am Dec 30, 2018 1:22am | Edited 1:48am
Quoting pi14
{quote} so can you now tell us how you know big banks are going to trade? How you find your levels
Big institutions are not that interested in price. They are interested in liquidity and value. Remember the Price of something is not its Value.
You need to understand how banks value an instrument through their intrinsic value models and through their views on fundamental market forces that influence peoples decisions on the supply/demand of the instrument. The main issue with retail traders is they have no idea if they are trading at a premium or a discount as they do not know how to calculate value. If you are buying/selling something you dont know what its worth how can you possibly hope to profit from it?
Price based indicators cannot tell you where value lies, they can offer some clues as to accumulations or distributions in the market but that is all.

For finding levels - As institutions need to get large volumes on their books the are interested in where liquidity is in the market place. Learning to identify where to find liquidity and importantly at what times you will know when large volume candles will appear and where to find marco levels.

Liquidity is not always available so institutions need to generate liquidity through price manipulations.
The problem for them is that in order for them to exit their long positions they need to find Buyers at higher prices and for shorts they need to find sellers at lower prices.
Boxing clever since 76.
  • #56
  • Dec 30, 2018 2:08am Dec 30, 2018 2:08am
Quoting copi88
{quote} Big institutions are not that interested in price. They are interested in liquidity and value. Remember the Price of something is not its Value. You need to understand how banks value an instrument through their intrinsic value models and through their views on fundamental market forces that influence peoples decisions on the supply/demand of the instrument. The main issue with retail traders is they have no idea if they are trading at a premium or a discount as they do not know how to calculate value. If you are buying/selling something...
THIS IS REALLY WHY MOST TRADERS DONT PROFIT FROM THE MARKETS, MOST OF US WHERE LIED TO IN EARLIER EDUCATION WHEN WE CAME FOREX, ALL THEY WANT YOU TO KNOW IS STRUCTURE, NO WONDER WHY TECHNICAL ANALYSiS IS REGARDED TO BE LESS PROFITABLE THAT FUNDAMENTAL TRADING. THIS MAKES SO SO MUCH SENSE @COPI88 LIKE SO MUCH SENSE, TECHNICAL TRADING IS MORE OF GAMBLING TO SAY. SO DO YOU HAVE ANY SYSTEM YOU USE ON THIS TO SHARE WITH US?
  • #57
  • Dec 30, 2018 4:46am Dec 30, 2018 4:46am
Quoting copi88
{quote} Big institutions are not that interested in price. They are interested in liquidity and value. Remember the Price of something is not its Value. You need to understand how banks value an instrument through their intrinsic value models and through their views on fundamental market forces that influence peoples decisions on the supply/demand of the instrument. The main issue with retail traders is they have no idea if they are trading at a premium or a discount as they do not know how to calculate value. If you are buying/selling something...
So what strategy can we develop to trade these fundamental aspects of the market, what specific series of strategies do you use? Do you have something you could upload?
Nothing in life is to be feared, it is only to be understood.
  • #58
  • Edited Dec 31, 2018 12:20am Dec 30, 2018 9:33pm | Edited Dec 31, 2018 12:20am
bye
  • #59
  • Dec 30, 2018 11:42pm Dec 30, 2018 11:42pm
Quoting ellenbrook
hi, gentlemen please see my platform and my system or give me winners. Not many trades but only with the trend about 50 pips a day then i am happy. {image} {image} {image}
how do you trade this?, it looks messy
  • #60
  • Dec 31, 2018 12:18am Dec 31, 2018 12:18am
well sir won't anymore bother you have a nice day unbelievable how many crazy peoples oh Forex factory or love to discriminated
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