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MADdash (Moving Average Distance)

  • #2,421
  • Jan 9, 2019 11:44am Jan 9, 2019 11:44am
Quoting 919gilead
{quote} Indicators and template already shared here. Just remove what you don't need and change the MA Ribbon to Channel instead of crossover by changing the MA1Price and MA2Price to high and low instead of close. If you need more just click on my name and check files (attachment for whatever you want).

919gilead please share now using template
  • #2,422
  • Jan 9, 2019 11:49am Jan 9, 2019 11:49am
Quoting rav5612
{quote} Ok, thank you to explaine your strategy, but i noted that if i use maddash to see what pair is strong/weak i usually enter in the trade when it's too late and the max part of profit is yet gone. To be profittable, one have to monitoring ALL 28 pairs togheter and enter when 5 "Enter on the next M5 candle opening above the M5 or M30 candle, provided one currency is strong and the other weak (you want to be sure an object is in motion before entering". Do you know how to put all 28 currencies in the same screen so to monitoring them? And to...
You can not have all the 28 pairs on the screen as the charts will be too small. Therefore I monitor just few currency pairs but focus more on the GJ, and this is the only way to avoid late entry - focus on few pairs.

There is a setup in GJ and I have a pending order @ 138.40 with SL below the MA Ch @ 138.09 (which is too much for me but I am using it to training my coder). If you right click on the pending order, you have the option of adding a trailing stop and you can choose custom to put in what you want.

Cheers
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  • #2,423
  • Edited 6:54pm Jan 9, 2019 12:41pm | Edited 6:54pm

A FINAL NOTE OF CAUTION


People are having serious misconception of the dashboard. The MADdash or MADDY is not a trading system but a confirmation, entry and trade management tool, and this was highlighted in post 4 where I explain how I use the dashboard. You cannot use the wagon to pull the horse and this is what most of us are doing and getting frustrated.

We have tried coding EAs to trade the dashboard and none has been consistent because the dashboard is not a trading system. It is not the dashboard that determines the trade but rather it is the trading system setup and we only use the dashboard for confirmation. Sometimes it works well that you are seeing the signal when the trade is just beginning and this may be due to pullbacks after the initial setup but it doesn't work like that always.

Try focusing on just few pairs and use the dashboard ONLY for confirmation, and you will not be entering trades late.
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  • #2,424
  • Jan 9, 2019 1:21pm Jan 9, 2019 1:21pm
Quote
There is a setup in GJ and I have a pending order @ 138.40 with SL below the MA Ch @ 138.09 (which is too much for me but I am using it to training my coder). If you right click on the pending order, you have the option of adding a trailing stop and you can choose custom to put in what you want. Cheers


I mentioned in post 2422 about 90 minutes ago that there was a setup in GJ and had a pending order
1. setup @ 1
2. entry @ 2 when the high of the setup was breached
3. SL below MA Ch
4. I identified possible areas of resistance before entering the trade to aid my decision on whether to exit or not.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ Trade Setup2 - 1092019.gif Size: 49 KB



I added a trailing SL if trade should surpass profit of 10 pips, and now in a free stressless trade. Trade now @ 8.6 pip profit
Attached Image (click to enlarge)
Click to Enlarge Name: GJ Trade Setup2b - 1092019.gif Size: 45 KB


Calling it a day and wish you all a great year.

Shalom
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  • #2,425
  • Jan 9, 2019 1:30pm Jan 9, 2019 1:30pm
Quoting 919gilead
{quote} I mentioned in post 2422 about 90 minutes ago that there was a setup in GJ and had a pending order 1. setup @ 1 2. entry @ 2 when the high of the setup was breached 3. SL below MA Ch 4. I identified possible areas of resistance before entering the trade to aid my decision on whether to exit or not. {image} I added a trailing SL if trade should surpass profit of 10 pips, and now in a free stressless trade. Trade now @ 8.6 pip profit {image} Calling it a day and...
919gilead show me pivort input setting different visual
  • #2,426
  • Jan 9, 2019 1:35pm Jan 9, 2019 1:35pm
Quoting thisara1
{quote} 919gilead show me pivort input setting different visual
Attached Image (click to enlarge)
Click to Enlarge Name: THV4 TzPivots Setting.gif Size: 43 KB
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  • #2,427
  • Jan 9, 2019 1:48pm Jan 9, 2019 1:48pm
Quoting 919gilead
{quote} {image}
thank you now right,






good night 919gilead
  • #2,428
  • Jan 9, 2019 3:52pm Jan 9, 2019 3:52pm
Quoting 919gilead
On October 11, 2014 I shared one key thing about my trading strategy which was to take whatever the market gives me - 2 pip here, 5 pip there and a 10 pip thereafter and you cannot imagine what can happen to your account. I shared how I doubled my account in 2 weeks (then) and thought it is worth sharing again as we start a new year. You can read the post here. This is 2019 and in 4 trading days, I have more than doubled the account with a 144% return on capital by taking...
919gilead

Thanks for your sharing.

I want to learn How do you manage your risk and your money management.

Thanks!
  • #2,429
  • Jan 9, 2019 7:03pm Jan 9, 2019 7:03pm
Quoting asc72
{quote} 919gilead Thanks for your sharing. I want to learn How do you manage your risk and your money management. Thanks!
I put my SL on the opposite side of the trade, preferably below the MA Channel for long trade and above for short trade. If the risk is however more than 15 - 20 pips, then I will either use the low of the M5/M30 setup candle(s) for buy and the high of the M5/M30 setup candle(s) for sell. And because I take whatever the market gives me, I will move SL to BE as soon as trade is in profit of say 10 or 15 pips. I will rather close the trade @ BE + few pips than allow a profitable trade become a loss.

Cheers
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  • #2,430
  • Edited 4:25am Jan 10, 2019 3:49am | Edited 4:25am
Hie everyone. Where and when do we sell or buy when the Maddash is showing weakness? Do we observe support and resistance? Today i noticed that GJ was not at resistance pivot and Maddash was showing weakness of the Pound. Could we have sold where i marked sell? I also observed that when GJ hit Support2 the strength of the Yen started to fall.

Please help me solve this puzzle.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 43 KB
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  • #2,431
  • Jan 10, 2019 4:34am Jan 10, 2019 4:34am
Is that how we could have traded CAD strength and Pound weakness. What is the role of the THV support und resistance in making entries on strength and weakness.
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 42 KB
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  • #2,432
  • Jan 10, 2019 4:59am Jan 10, 2019 4:59am
Is this how we could have went long on strength of AUD and weakness of USD? What is the role of FPV and daily open
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 44 KB
Wait for the system to show you the trade!
  • #2,433
  • Jan 10, 2019 5:20am Jan 10, 2019 5:20am
Quoting 919gilead
{quote} I mentioned in post 2422 about 90 minutes ago that there was a setup in GJ and had a pending order 1. setup @ 1 2. entry @ 2 when the high of the setup was breached 3. SL below MA Ch 4. I identified possible areas of resistance before entering the trade to aid my decision on whether to exit or not. {image} I added a trailing SL if trade should surpass profit of 10 pips, and now in a free stressless trade. Trade now @ 8.6 pip profit {image} Calling it a day and...

thank you my friend.
But the question : how to make MADdash, like the image below, on the chart and how do you remove it from the bottom?
Attached Image (click to enlarge)
Click to Enlarge Name: GJ Trade Setup2b - 1092019.gif Size: 45 KB
  • #2,434
  • Jan 10, 2019 6:10am Jan 10, 2019 6:10am
Quoting 919gilead
{quote} I put my SL on the opposite side of the trade, preferably below the MA Channel for long trade and above for short trade. If the risk is however more than 15 - 20 pips, then I will either use the low of the M5/M30 setup candle(s) for buy and the high of the M5/M30 setup candle(s) for sell. And because I take whatever the market gives me, I will move SL to BE as soon as trade is in profit of say 10 or 15 pips. I will rather close the trade @ BE + few pips than allow a profitable trade become a loss. Cheers
Thanks! How do you decide the lot size to you use?
  • #2,435
  • Jan 10, 2019 7:32am Jan 10, 2019 7:32am
Quoting MrDevisen
Hie everyone. Where and when do we sell or buy when the Maddash is showing weakness? Do we observe support and resistance? Today i noticed that GJ was not at resistance pivot and Maddash was showing weakness of the Pound. Could we have sold where i marked sell? I also observed that when GJ hit Support2 the strength of the Yen started to fall. Please help me solve this puzzle. {image}

I only observe the S/R levels for possible closure of the trade should momentum stall at the levels.

If GBP is weak and JPY is strong, then I will sell break of the daily open line, a bit earlier than the place you marked to sell to reduce my risk. SL is good behind the MA line and will TP when price crosses the MA line. I will re-enter again when price breaks the MA line and close it @ yL when price again crossed the MA line. All these will be provided GBP is weak and JPY is strong.
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  • #2,436
  • Jan 10, 2019 7:35am Jan 10, 2019 7:35am
Quoting MrDevisen
Is that how we could have traded CAD strength and Pound weakness. What is the role of the THV support und resistance in making entries on strength and weakness. {image}
Spot on and yes that is how to trade strength against weakness

S/R levels are areas where price may stall and will take profit if that happens
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  • #2,437
  • Jan 10, 2019 7:37am Jan 10, 2019 7:37am
Quoting MrDevisen
Is this how we could have went long on strength of AUD and weakness of USD? What is the role of FPV and daily open {image}
Yes you are correct and again FPV & DOL are possible areas where price may find difficulty breaking or it may bounce off these lines once or twice before finally breaking
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  • #2,438
  • Jan 10, 2019 7:42am Jan 10, 2019 7:42am
Quoting sobhan
{quote} thank you my friend. But the question : how to make MADdash, like the image below, on the chart and how do you remove it from the bottom? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: MADdash Setting1.gif Size: 27 KB
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  • #2,439
  • Jan 10, 2019 8:05am Jan 10, 2019 8:05am
thank you all your hard working Amazing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Picture4.jpg Size: 308 KB
Click to Enlarge Name: Picture5.jpg Size: 299 KB
  • #2,440
  • Jan 10, 2019 9:46am Jan 10, 2019 9:46am
Quoting 919gilead
{quote} I only observe the S/R levels for possible closure of the trade should momentum stall at the levels. If GBP is weak and JPY is strong, then I will sell break of the daily open line, a bit earlier than the place you marked to sell to reduce my risk. SL is good behind the MA line and will TP when price crosses the MA line. I will re-enter again when price breaks the MA line and close it @ yL when price again crossed the MA line. All these will be provided GBP is weak and JPY is strong.
Thank you this will forever change the way i trade. I have been using pivots for sometime now but i have been having a challenge of getting in early and experiencing huge DD at times. Recent example being USDCHF. My stop was hit. The reason why that happened i know now. The image below is how i was supposed to trade it.

Thank you. Siyabonga
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 50 KB
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