(binned per thread starter’s request) A collaboration and share | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

To Share or not to Share strategy? 61 replies

Share whatever you are willing to share 27 replies

Collaboration on great strategies project 5 replies

collaboration with programmer needed 0 replies

Attachments: (binned per thread starter’s request) A collaboration and share
Exit Attachments

(binned per thread starter’s request) A collaboration and share

  • #1
  • First Post: Edited 11:31am Jan 5, 2019 11:20am | Edited 11:31am
Hey everyone!!

Eventhough i already have a "main strategy" that i've been trading for some good time and that is explained in here>

https://www.forexfactory.com/showthread.php?t=859423

Im ALWAYS looking to take my trading skills to a new level WITHOUT changing what ive been doing but adding up to what i already do!
This is challeging because i hate to see an overload of indicators in my charts, and adding up to things that ive been doing, for me, does not mean adding more indicators, but working around to learn to trade things that i dont trade, for instance I DON'T TRADE REVERSALS, you can see in my thread that i don't, YET!

I used Bollinger Bands when i first started trading, and it wasen't "my thing" but since every weekend i go over the charts and prepare for the week ahead, i also play around searching for things that i didnt see before.

I came around with the following pictures:
Attached Image (click to enlarge)
Click to Enlarge Name: WhatsApp Image 2019-01-05 at 14.51.30.jpeg Size: 166 KB

Attached Image (click to enlarge)
Click to Enlarge Name: WhatsApp Image 2019-01-05 at 14.50.26.jpeg Size: 173 KB

Attached Image (click to enlarge)
Click to Enlarge Name: WhatsApp Image 2019-01-05 at 14.49.48.jpeg Size: 192 KB

Attached Image (click to enlarge)
Click to Enlarge Name: WhatsApp Image 2019-01-05 at 14.49.22.jpeg Size: 206 KB

Attached Image (click to enlarge)
Click to Enlarge Name: WhatsApp Image 2019-01-05 at 14.48.45.jpeg Size: 213 KB

Attached Image (click to enlarge)
Click to Enlarge Name: WhatsApp Image 2019-01-05 at 14.48.22.jpeg Size: 208 KB

Attached Image (click to enlarge)
Click to Enlarge Name: WhatsApp Image 2019-01-05 at 14.47.36.jpeg Size: 208 KB

Attached Image (click to enlarge)
Click to Enlarge Name: WhatsApp Image 2019-01-05 at 14.47.12.jpeg Size: 191 KB

Attached Image (click to enlarge)
Click to Enlarge Name: WhatsApp Image 2019-01-05 at 14.46.45.jpeg Size: 179 KB

Attached Image (click to enlarge)
Click to Enlarge Name: WhatsApp Image 2019-01-05 at 14.51.30.jpeg Size: 166 KB


Crazy right?

Well if you read my thread https://www.forexfactory.com/showthread.php?t=859423 , you'll see that i use 100 EMAS to the close, high and lows.

So since i dont want to change what i already do and im proftable with i added the BBolinger 100 period but with deviation of 2.618 (fib number just because lol) of the high and low. Obs: i took off the 100BB close coz i founf the chart too much polluted.

I'M HERE NOT TO MAKE ANY CLAIMS ABOUT THIS IMAGENS, I JUST WANT THIS THREAD TO BE A COLLABORATION ABOUT MY ASSUMPTIONS.

So let's talk !!!!

I basicly took the higher point at the bollinger band and connected them with trendlines, to get this turning point. Just have a look.

Obs: i might come around to make a Exponencial Bollinger band, i have no intentions to change my moving average settings. Cheers.
  • #2
  • Jan 5, 2019 11:27am Jan 5, 2019 11:27am
I'm still thinking WHY THIS WORKED OUT?, and WHAT IS THE LOGIC AROUND IT?

Well maybe having the measure of volatily using the BB and conecting the last peaks of volatily of the last 100 candles (high prices) we might have a really "extreme" point to look at

Maybe yes, maybe not! Just a thought
  • #3
  • Jan 5, 2019 3:44pm Jan 5, 2019 3:44pm
Quoting WDaouFx
I'm still thinking WHY THIS WORKED OUT?, and WHAT IS THE LOGIC AROUND IT? Well maybe having the measure of volatily using the BB and conecting the last peaks of volatily of the last 100 candles (high prices) we might have a really "extreme" point to look at Maybe yes, maybe not! Just a thought
One could justify this way:

Standard bars aggregate high/low for the period.

Bollinger bands are alternative method of aggregation. In your case, they aggregate 100 periods and 2.6 standard deviations arround the MA.

Maybe you deal with the trendline definition for these nonstandard 'bollinger bars'.
  • #4
  • Jan 5, 2019 5:44pm Jan 5, 2019 5:44pm
There still so many 'secret' of BB, it depend on how you use/combine this great tool(s)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 185 KB


NIH98
Dog + Smile = Beautiful Day
  • #5
  • Jan 5, 2019 6:15pm Jan 5, 2019 6:15pm
A few tips:

1.- Stop looking for a "good" indicator when every single candle its of a random size and data.. you wil NEVER EVA EVA going to find one that its fairly accurate on its own with that kind of data and that works in all the market conditions.. period

2.- Change the chart itself, use a different way to look at the PRICE itself, put the odds in your favor, cut the "random" things that works agaisnt you and stop you from being consistent

3.- Change the instrument, dont thing about forex only (ohh... forget "cryptos" that thing its trash); there its a world beyond forex and some instruments moves very differently from standar currencys.. maybe you can find something there that "clicks" with you
  • #6
  • Jan 5, 2019 7:16pm Jan 5, 2019 7:16pm
Quoting havo
A few tips: 1.- Stop looking for a "good" indicator when every single candle its of a random size and data.. you wil NEVER EVA EVA going to find one that its fairly accurate on its own with that kind of data and that works in all the market conditions.. period 2.- Change the chart itself, use a different way to look at the PRICE itself, put the odds in your favor, cut the "random" things that works agaisnt you and stop you from being consistent 3.- Change the instrument, dont thing about forex only (ohh... forget "cryptos" that thing its trash);...

Thx for the tip ! I already do them all! cheers
  • #7
  • Jan 5, 2019 7:19pm Jan 5, 2019 7:19pm
Quoting stivborg
{quote} One could justify this way: Standard bars aggregate high/low for the period. Bollinger bands are alternative method of aggregation. In your case, they aggregate 100 periods and 2.6 standard deviations arround the MA. Maybe you deal with the trendline definition for these nonstandard 'bollinger bars'.
Yeah! i dont use them to trade but there is always things to learn if we are open minded!
ill have a better look at them and see how we can take advantages of it using this settings...Maybe not trade it itself but we can have some clues we didnt have before.
  • #8
  • Jan 5, 2019 7:44pm Jan 5, 2019 7:44pm
Quoting Nih98
There still so many 'secret' of BB, it depend on how you use/combine this great tool(s) {image} NIH98
Can u please explain the image? thx
  • #9
  • Jan 6, 2019 12:20am Jan 6, 2019 12:20am
Quoting Nih98
There still so many 'secret' of BB, it depend on how you use/combine this great tool(s) {image} NIH98
Talking about BB, I find the blue channel in the image superior to BB (yellow one):

Yellow: The classical standard deviation is defined over statistical population, regardless of the population order. Data is treated like in MA.

Blue: Evaluates a weighted deviation, taking into account that we deal with time series and some samples are more recent. Data is treated like in WMA.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM5.png Size: 36 KB
  • #10
  • Jan 6, 2019 11:39am Jan 6, 2019 11:39am
As long as you are dealing with random sized candles NO SINGLE INDICATOR WILL GIVE YO ANY KIND OF ACCURACY.. EVER.. PERIOD

There is no "secrets" or techniques or different ways of calculation, nothing.. Dont try to find the "secret" combo because it doesnt exist, dont try to make sense of the past "inventing" new ways to make sense of the future

The problem its in the chart in itself and everyone its using it; and the fact that everyone its a lazy ass who wants a magic bullet that tell them "yes/no" all the time with 100% accuracy (dont get offended, its not my intention)

My best and honest advice... evolve and get rid of that way of thinking or you wont make it in this world of trading.. ever
  • #11
  • Jan 6, 2019 11:46am Jan 6, 2019 11:46am
Quoting havo
As long as you are dealing with random sized candles NO SINGLE INDICATOR WILL GIVE YO ANY KIND OF ACCURACY.. EVER.. PERIOD There is no "secrets" or techniques or different ways of calculation, nothing.. Dont try to find the "secret" combo because it doesnt exist, dont try to make sense of the past "inventing" new ways to make sense of the future The problem its in the chart in itself and everyone its using it; and the fact that everyone its a lazy ass who wants a magic bullet that tell them "yes/no" all the time with 100% accuracy (dont get offended,...
Bro its just a chat ... just share of ideas... Take q cup of coffe and chill out a bit hehehe

The goal is to make money and have some freedom not idealize whats best for everyone.

My best and honest advice to you is trade the way you want to trade and make u happy and let people do their on stuff!

By the way the aim here is NOT TO FIND ACCURACY the goal is already given at the title of the thread.


cheers
  • #12
  • Jan 6, 2019 4:48pm Jan 6, 2019 4:48pm
Quoting WDaouFx
{quote} Bro its just a chat ... just share of ideas... Take q cup of coffe and chill out a bit hehehe The goal is to make money and have some freedom not idealize whats best for everyone.
Dont worry man, it takes a lot to upset me in anyway (i can use bad words sometimes or sound harsh but trust me i dont "feel" like that)

Want some ideas?? you are right, trading "reversals" its just trying to guess a major turning point wich in practice its not that easy/consistent way to do it: you are goign to get stoped out a ton of times and to compensate that, when you win you need to do it in a big way to cover the losses and actually make money wich its the worst and most noob ay to trade ever; the most practical thing to do its to enter the market in an already established direction, wich means buy corrections in a "going up" or selling corrections in a "going down" direction.. super easy and faar more consistent to do

And for that exactly you dont need bollinger bands just a simple MA and a solid "unbalance in your favor" triggern pattern (sell high point going down, buy low point going up)
  • #13
  • Jan 6, 2019 8:36pm Jan 6, 2019 8:36pm
Quoting havo
{quote} Dont worry man, it takes a lot to upset me in anyway (i can use bad words sometimes or sound harsh but trust me i dont "feel" like that) Want some ideas?? you are right, trading "reversals" its just trying to guess a major turning point wich in practice its not that easy/consistent way to do it: you are goign to get stoped out a ton of times and to compensate that, when you win you need to do it in a big way to cover the losses and actually make money wich its the worst and most noob ay to trade ever; the most practical thing to do its to...
ehehe now u sound cool man ! thx for the tips! cheers bro
  • #14
  • Jan 20, 2019 2:47pm Jan 20, 2019 2:47pm
Quoting WDaouFx
Maybe yes, maybe not! Just a thought
//-----

hey wd...... thought can be the pivoting point between a + or - account......

bollinger bands have always been hard for me to get a handle on...... and why i'm not sure..... it's not from lack of trying on my part.....

they do seen to point out ranging markets however quite well.....

my main trading chart is below.... first without and second with bollinger bands..... it's easy to see the price stalls.....

that chart was not chosen randomly, it carries most of my existing open trades at the moment.....h
//-----
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDM2.png Size: 46 KB
Click to Enlarge Name: AUDUSDM2 bb.png Size: 37 KB
to trade and code, keep both simple... no call to impress....h
  • #15
  • Jan 20, 2019 6:24pm Jan 20, 2019 6:24pm
several pairs effected by apples after hours news on the 3rd will be somewhat misleading and unreliable.... audcad is one......h
//----
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCADM41.png Size: 64 KB
Click to Enlarge Name: AUDCADM42.png Size: 48 KB
Click to Enlarge Name: AUDCADM43.png Size: 38 KB
to trade and code, keep both simple... no call to impress....h
  • #16
  • Last Post: Feb 20, 2019 2:46pm Feb 20, 2019 2:46pm
Quoting havo
{quote} Dont worry man, it takes a lot to upset me in anyway (i can use bad words sometimes or sound harsh but trust me i dont "feel" like that) Want some ideas?? you are right, trading "reversals" its just trying to guess a major turning point wich in practice its not that easy/consistent way to do it: you are goign to get stoped out a ton of times and to compensate that, when you win you need to do it in a big way to cover the losses and actually make money wich its the worst and most noob ay to trade ever; the most practical thing to do its to...

Good advice...may come across harsh but it's TRUE.

Quoting hayseed
several pairs effected by apples after hours news on the 3rd will be somewhat misleading and unreliable.... audcad is one......h //---- {image} {image} {image}
Another awesome person to post in your thread.
R:R "Percentage Focus"
0 traders viewing now