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Basket Knights - A Basket Trading Round Table

  • #701
  • Oct 31, 2019 3:01am Oct 31, 2019 3:01am
Quoting robots4me
{quote} Thanks @bishopdotun. Since you responded -- let's extend the discussion. To my mind, when it comes to trend-following there is no such thing as a "head fake" -- and that was the point of my question. That is, either everything is ranging or everything is trending -- depending on which time frame you choose to view the tick data. With the exception of the first open tick, all time frames get the exact same tick data. I think head fakes only occur with reversal strategies where an extreme price occurs and you're thinking you'll trade away,...
I don't disagree with you.

My I follow the signal. If it changes from green to red, I exit my long positions and sell. If you trust 12/3 or 20/2 enough to use it, then you should follow the signals. This is my opinion.

Also I trust the signal and prefer 28/3 because I know it produces few signals and when it changes, I can comfortably follow along.

For instance between March & now, we have only 10 transitions(or signals) on Tidane 28/3. See the zoomed shots below. Any other setting would have produced like 50% more signals. Unfortunately, more signals doesn't mean more profit. From my experience, it is less profit.

C14
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RB7
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RB7 - Closer view (5 signals between June & October)
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  • #702
  • Oct 31, 2019 3:26am Oct 31, 2019 3:26am
Quoting robots4me
{quote} {quote} @TyLamai -- I was recently introduced to your thread and basket trading by @bishdotun -- and I'm hooked.
Hiya R4M!

To say I'm mindblown that you are interested in this style of trading is HUGELY understating the fact! BUT...I'll try and control myself and answer your questions as best I can.

For the record, I use Tidane 20,2 - although I like the granularity I see in your own 12,3. Like I always say: there is no right or wrong way.

Quote
So -- now to my rookie question -- and please don't take this the wrong way. I'm definitely NOT questioning your advice -- this is an EXCELLENT thread...
Thank you R4M and NO, I am not taking your inquiries the wrong way.

Quote
With regards to the new BUY signal, why the hand-wringing? Why not keep things simple and just go with it? If it works out then you make some pips, and if it doesn't then you'll get a transition signal (i.e. opposite trend) and you'll close your BUY basket and open a new SELL basket. You might incur a small loss but if you have faith in Tidane then the probability is still in your favor.
#1. The reason is really simple: I ALSO (in addition to the H4 Tidane) use/consider Fundamentals when trading the Basket.

#2. I ALSO trade the C12 Basket pairs in an individual way, so to speak. Meaning: I zoom into each pair quite often just to see what's cooking in there at the...err..."molecular"

What #1. and #2. above result in therefore is a situation where my entering a Basket is determined NOT only by Tidane but also by Fundies and Price structure on a per-chart basis...sometimes.

Considering this current Buy basket signal, what are the main drivers?
- USA+China (potential) signing of the Phase 1 trade deal (therefore AUD & NZD = Strong)
- FOMC (potentially no more rate hikes this year again). Yet, USD sold off = weird.
- Brexit Drama. Approved date for fresh elections in December. Yet GBP is flat = weird.
- EUR has no business being strong (recent fundies out of the zone not particularly stellar) but EJ and EU are flying high = weird.

For me to take an immediate basket signal (most times), I like to see the Basket drivers in full alignment/harmony/unison

Now, after analyzing all of the above I have a choice to make: Take the Buy immediately OR allow the market to "settle" down and take a Buy AFTER a DC has formed. I simply chose the latter.

Quote
But in a trend-following strategy such as Tidane there is no such thing as a fake positive -- in my opinion. What may appear as a short-lived trend in H4 is a super trend at M30. In other words -- if Tidane signals a new trend then there really is a new trend. And if it is only short-lived, why over-think it? Take it for a short ride and if it later returns to the previous trend then jump onboard that one. And if there is a reason to second-guess a Tidane signal then, of course, I'm really interested to learn and understand why.
I don't know if the term for it is "head fakes" or "false positives" but if you scroll back enough using ANY Tidane setting of your choice, you would see many times where a signal is given and there is an IMMEDIATE retracement which changes into a contrary/opposite signal. And this can often occur in series. It is THESE occurrences which informed MY need to observe Fundies in conjunction with the basket. I know this DOESN'T make it "neat" enough for a coder like you but that's just how it is. I've avoided quite a number of losses and unnecessary DDs just by applying the "Re-entry Filter" whenever the fundies and Price structure of the individual C14 pairs require it.

The "Re-entry Filter" simple means: After a C14 H4 Tidane signal, WAIT for a DC before entering. This would allow the market to settle down and "reveal" its true direction OR at the VERY LEAST, this would give me a BETTER entry price than the original entry level (often times).

Quote
Your basket trading and use of Tidane is the best. And it seems I really have to work hard at screwing it up. So, I wonder why people don't gravitate to looking for simplifying assumptions rather than making it more complicated than it needs to be. Again -- just a perspective from a rookie basket trader.
Your observations concerning the KISS method is correct but unfortunately - most times - we deal with a BEAST which is as wily as it is unreasonable. I TRULY dislike leaving pips on the table - like HUGELY dislike it! Everything you observe me do (or try to do) is simply to REDUCE and MINIMIZE the risk exposure and also the potential reward surrendering that is inherent in a method like this.

So...if we could all find a better way - TRUST ME when I say I'm game! I set this thread up - NOT to teach - but to create a Round Table, a Forum for basketters to meet and rub minds toward the creation of a method/vehicle we can ALL ride to our individual or collective financial goals (whatever they may be).

Quote
Also, I should probably note -- that as a programmer then by nature I look for ways to simplify because a strategy that requires a lot of discretionary decision-making is too difficult to code.
I agree. But stick with us R4M...you never know. We may yet rub minds to a point where it MAY just be possible to morph "discretion" into maths (code).

I hope this answer has helped to reveal more insight into my decision to wait before opening that Buy. Please feel free to ask as many questions as you require. And thanks AGAIN for your contributions to this thread.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #703
  • Oct 31, 2019 3:29am Oct 31, 2019 3:29am
Quoting robots4me
{quote} Thanks @bishopdotun. Since you responded -- let's extend the discussion. To my mind, when it comes to trend-following there is no such thing as a "head fake" -- and that was the point of my question. That is, either everything is ranging or everything is trending -- depending on which time frame you choose to view the tick data. With the exception of the first open tick, all time frames get the exact same tick data. I think head fakes only occur with reversal strategies where an extreme price occurs and you're thinking you'll trade away,...
Hello again R4M...

Quote
So my post was prompted by @TyLamai's discretionary decision to pass on the Tidane signal. Does that mean we don't trust Tidane? Or do we trust Tidane sometimes and not at other times? I don't know. That was what I was hoping to get a better feeling for.
I'm hoping my reply above covered most of this too...? Please let me know if there is anything extra you still would like to know.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #704
  • Oct 31, 2019 3:48am Oct 31, 2019 3:48am
Quoting bishopdotun
I prefer Tidane 28/3. @TY uses 20/2 (I guess) and R4M seem to prefer 12/3. KOS uses CCI 32/6 (I guess). He has mastered this for years. Tidane 28/3 will keep you out of many head fakes but you will be leaving many pips on the table. You choose. {image}
No need to guess BD, I use Tidane 20,2 even on the individual pairs whenever I need to zoom in closer. I've tried all sorts of settings. I've also tried all sorts of Indicators. The best I found were Tidane and I_XO_A_H v2 (*see attachment). I've found all of them to be basically similar - ESPECIALLY when you consider that I trade off of the H4:

It's either you take frequent losses and gain earlier entries with smaller settings OR you take larger losses and gain larger pip-hauls with bigger settings. The trader's choice.

*The attached visual shows Tidane settings (28,3), (20,2) and (12,8) with the I_XO_A_H v2 indie below (setting 2950) for the sake of comparison.
Attached Image (click to enlarge)
Click to Enlarge Name: 00w11d1a_TyC5#12H4.png Size: 59 KB


Regards and Stay fluid,

Ty
Attached File(s)
File Type: mq4 I_XO_A_H v2.mq4   3 KB | 422 downloads
File Type: ex4 I_XO_A_H v2.ex4   7 KB | 309 downloads
My job: I speculate and manage risk.
  • #705
  • Oct 31, 2019 3:56am Oct 31, 2019 3:56am
Quoting bishopdotun
{quote} I don't disagree with you. My I follow the signal. If it changes from green to red, I exit my long positions and sell. If you trust 12/3 or 20/2 enough to use it, then you should follow the signals. This is my opinion. Also I trust the signal and prefer 28/3 because I know it produces few signals and when it changes, I can comfortably follow along. For instance between March & now, we have only 10 transitions(or signals) on Tidane 28/3. See the zoomed shots below. Any other setting would have produced like 50% more signals. Unfortunately,...
I agree with you BD but I would like to state that, for me, more signals (i.e. smaller/lower Tidane settings) have usually translated to FEWER huge losses and a FASTER catch-up/continuation of compounded gains. Apart from that - for me - any of the chosen settings produces HUGE wins however way you cut it and I think that matters a lot.

Thank you for your time and great contributions BD. Cheers.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #706
  • Oct 31, 2019 4:06am Oct 31, 2019 4:06am
Fundies: Truths and Rumours.

"Fed Cuts, Powell's Optimism Drives Risk On Rally

The Federal Reserve lowered interest rates for the third time this year by 25bp. While the move was widely expected, it triggered a small expansion in FX volatility. USD/JPY surged above 109 to a high of 109.28 before u-turning lower while EUR/USD dropped to 1.1080 and then rebounded above 1.1140. Fed Chairman Powell made it clear that today's move was an insurance cut aimed at offsetting risks of softer global growth and uncertain trade developments. Despite the decision to ease today, the FOMC statement and Powell's comments were laced with optimism. The Fed expects the economy to continue to grow at a moderate rate as they see a strong labor market and consumption. Their worries center on investment and exports but with Brexit and trade risks easing, they "believe monetary policy is in a good place." All of this tells us that the Fed is done for the year and has no intention of lowering rates further. In fact Powell said point blank, "we're not thinking about raising rates right now." Yet the dollar failed to hold onto its gains as today's move turned out more positive for risk than for the greenback. This could be tied to Powell's warning that General Motors strike could cut growth by a couple tenths this quarter or worries about Apple earnings. Investors may also be refraining from major positions ahead of Friday's non-farm payrolls report. Regardless of the motivation, we don't expect further cuts from the Fed this year so the dollar should start to trend higher.

Meanwhile the Bank of Canada set a bottom in USD/CAD with their monetary policy statement. The BoC's decision to leave interest rates unchanged was widely anticipated but instead of emphasizing the strength of the labor market and the positive outlook for the economy, the central bank said the "resilience of Canada's economy, will be increasingly tested." They saw the outlook weakening since July with trade conflicts likely to cause business investments and exports to shrink in the second half of the year. Canada's not immune to the global developments and could slow below potential in H2. Although they raised their 2019 GDP forecast, they cut their Q3 forecast and lowered their growth projections for 2020 and 2021. According to Governor Poloz the central bank considered whether the downside risks warranted stimulus and they felt that at this time it did not. While these cautionary comments drove USD/CAD straight to resistance at the 20-day SMA near 1.3180, we expect further weakness in the loonie particularly against the euro, US and Australian dollars. Today's move should mark the beginning of broader profit taking on long Canadian dollar trades.

The Australian and New Zealand dollars traded higher on the back of risk appetite. Data from Australia was also good with price pressures rising slightly in the third quarter. On a quarterly basis, CPI rose 0.5%, which was in line with expectations and this helped to boost year over year growth to 1.7% from 1.6%. On Monday night, Reserve Bank of Australia Governor Lowe said they are prepared to ease policy further if needed but rate cuts are having a "positive effect" on the economy and we believe that the chance of another move this year is slim. The focus shifts to the New Zealand dollar, which has been an underdog tonight. Building permits and business confidence numbers are scheduled for release. NZD data has been mostly soft and if this trend continues, we could see AUD/NZD hit fresh year to date highs.

Both currencies remain in play tonight with Chinese PMIIs scheduled for release.
Attached Image (click to enlarge)
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Chile also canceled their APEC summit next month amid unrest and protests. According to President Trump, the time frame for finalizing the deal remains the same. China suggested that President Xi meet with President Trump in Macau and we are still waiting to see if the US agrees. At the same time, the deal is still being negotiated, is in the process of being written and could fall apart at any time. According to Treasury Secretary Steven Mnuchin, it will take time for China to "scale up" to the $40 billion to $50 billion in annual agricultural purchases promised by Trump." - Kathy Lien, BK Asset Management


Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #707
  • Oct 31, 2019 4:12am Oct 31, 2019 4:12am
Quoting TyLamai
{quote} I agree with you BD but I would like to state that, for me, more signals (i.e. smaller/lower Tidane settings) have usually translated to FEWER huge losses and a FASTER catch-up/continuation of compounded gains. Apart from that - for me - any of the chosen settings produces HUGE wins however way you cut it and I think that matters a lot. Thank you for your time and great contributions BD. Cheers. Regards and Stay fluid, Ty
Ty,

I have to interject-while the smaller setting might have a role to play- your experience is also making the difference...
  • #708
  • Oct 31, 2019 4:25am Oct 31, 2019 4:25am
Quoting aaven
{quote} Ty, I have to interject-while the smaller setting might have a role to play- your experience is also making the difference...
I hope I DON'T come across as being conceited when I agree that you are correct concerning experience playing a vital role. We certainly cannot rule that out just like in ANY area or endeavour in life. Very true.

Additionally, I would like to ADD to the above discussion: I somehow omitted mentioning that I ALSO trade the basket using MULTIPLE entry levels. This also helps me with the decision to stay out or jump right into basket signals. Sometimes I Pyramid up other times I use fixed positions to scale into the trade on an individual pair basis. I know I've mentioned this severally but that's just something else which SHOULD be considered especially since we are discussing some form of discretion.

If we all notice, I ensured that this thread didn't/doesn't require the trader to use a SPECIFIC method/style to trade. I am also here to learn. I believe that "freeing" the trader to use whatever method s/he is comfortable with might just be the KEY to our discovering something really grand!

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #709
  • Oct 31, 2019 4:29am Oct 31, 2019 4:29am
Fundies: Truths and Rumours.

"Dollar Dumped Hard Post FOMC

The dollar was broadly lower falling hardest against the yen in Asian and early European dealing today as FX markets continued to react to the FOMC rate decision yesterday.

Although Fed Chair Powell clearly signaled that the Fed will pause after yesterday 25bp cut, his refusal to even consider the prospect of tightening weighed on the buck and especially USDJPY which tumbled toward the 108.00 figure as US yields declined.

The move in the dollar was surprising since ahead of the Fed the markets were pricing in greater odds of rate cuts than post FOMC, but the sell the news dynamic was clearly in play and the action in US yields weighed heavy on the buck.

With no major data today the focus will turn to tomorrow's NFP which could push the dollar another leg lower if the numbers miss their mark. The markets are looking for sub 100K print but a big rebound in Hourly Wages to 0.3%. If those don't materialize US yields could compress further and drag USDJPY below the 108.00 level." - Boris Schlossberg, BK Asset Management

I guess the stage is set then: USD strength will be tested by the NFP number released tomorrow?

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #710
  • Oct 31, 2019 10:08am Oct 31, 2019 10:08am
On my charts, a nice exit strategy, is 14 simple crossing and closing above/below 20 simple, which is bollinger average. .

Asw
  • #711
  • Oct 31, 2019 10:22am Oct 31, 2019 10:22am
Quoting Asw
On my charts, a nice exit strategy, is 14 simple crossing and closing above/below 20 simple, which is bollinger average. . Asw
Could you please accompany this visually with a chart?

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #712
  • Oct 31, 2019 12:30pm Oct 31, 2019 12:30pm
Quoting TyLamai
{quote} The "Re-entry Filter" simple means: After a C14 H4 Tidane signal, WAIT for a DC before entering. This would allow the market to settle down and "reveal" its true direction OR at the VERY LEAST, this would give me a BETTER entry price than the original entry level (often times).
Maybe now we can understand a little better what I was TRYING to communicate in the post below...?

https://www.forexfactory.com/showthr...7#post12591057

Regards and Stay fluid,

Ty
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 00w11d2a_#TyC5#12H4.png Size: 51 KB
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My job: I speculate and manage risk.
  • #713
  • Oct 31, 2019 7:46pm Oct 31, 2019 7:46pm
Quoting TyLamai
{quote} Hiya R4M! To say I'm mindblown that you are interested in this style of trading is HUGELY understating the fact! BUT...I'll try and control myself and answer your questions as best I can. For the record, I use Tidane 20,2 - although I like the granularity I see in your own 12,3. Like I always say: there is no right or wrong way. {quote} Thank you R4M and NO, I am not taking your inquiries the wrong way. {quote} #1. The reason is really simple: I ALSO (in addition to the H4 Tidane) use/consider Fundamentals when trading the Basket. #2. I...
Hi @TyLamai -- thanks for your excellent post and answering my questions. Really -- you went above and beyond what I had expected.

Quote
For the record, I use Tidane 20,2 - although I like the granularity I see in your own 12,3. Like I always say: there is no right or wrong way.
Yes -- no right or wrong way. I've been working with 12.3 and 28.3 and they both seem to do the trick. Settings are a funny thing -- there are always trade-offs -- but in the end it's the strategy's rules that make the difference.

Quote
I ALSO trade the C12 Basket pairs in an individual way, so to speak. Meaning: I zoom into each pair quite often just to see what's cooking in there at the...err..."molecular"
What #1. and #2. above result in therefore is a situation where my entering a Basket is determined NOT only by Tidane but also by Fundies and Price structure on a per-chart basis...sometimes.

I see -- this goes to the heart of my question. I was mostly curious as to why you just didn't go with the Tidane signal whenever it appeared.

Quote
I don't know if the term for it is "head fakes" or "false positives" but if you scroll back enough using ANY Tidane setting of your choice, you would see many times where a signal is given and there is an IMMEDIATE retracement which changes into a contrary/opposite signal.

I see -- thanks for your insight. I thought retracements were the same as "discounts" -- i.e. an opportunity to add to your current positions.

Quote
I agree. But stick with us R4M...you never know. We may yet rub minds to a point where it MAY just be possible to morph "discretion" into maths (code).

Ty -- I'm stuck. Now your problem becomes how to get rid of me. I enjoy reading and learning from your thread. Thanks very much...

P.S. I really like the I_XO_A_H v2.mq4 indicator. I'll make good use of it. I've added it to my collection of "keepers"...
  • #714
  • Oct 31, 2019 10:28pm Oct 31, 2019 10:28pm
Quoting robots4me
{quote} Hi @TyLamai ...
Thank you again R4M for your response.

Quote
I see -- thanks for your insight. I thought retracements were the same as "discounts" -- i.e. an opportunity to add to your current positions.
Yes you are correct. A DC (I.e. a Discount-Continuation) is the same as a Retracement-Continuation. And, yes, it's an opportunity to add to, or enter fresh, positions.

The exact place, time or method to add/open those positions is not cast in stone - they are trader-dependent: Some use Tidane realignment on a lower TF, others use, fibs, pivots, harmonics, etc.

So, sometimes, after a Discount happens, and while waiting for a Confirmation to occur, the DC can go deep enough for the H4 Tidane signal to flip to a different signal. This is what I meant by "allowing the market show its real intentions".

Quote
Ty -- I'm stuck. Now your problem becomes how to get rid of me. I enjoy reading and learning from your thread. Thanks very much...
Lol...like my Danish friend used to say, this is a " Luxury Problem": It's like the "headache" of deciding which of your yachts you'll sail to Martha's vineyard...the jet black or gold finish.

Quote
P.S. I really like the I_XO_A_H v2.mq4indicator. I'll make good use of it. I've added it to my collection of "keepers"...
Glad to hear that. Please let me know if you are able to conjure something crazy out of it.

Thank you R4M, it's great having you here.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #715
  • Edited 12:41am Nov 1, 2019 12:18am | Edited 12:41am
Quoting bishopdotun
{quote} I don't disagree with you. My I follow the signal. If it changes from green to red, I exit my long positions and sell. If you trust 12/3 or 20/2 enough to use it, then you should follow the signals. This is my opinion. Also I trust the signal and prefer 28/3 because I know it produces few signals and when it changes, I can comfortably follow along. For instance between March & now, we have only 10 transitions(or signals) on Tidane 28/3. See the zoomed shots below. Any other setting would have produced like 50% more signals. Unfortunately,...
I am actually quite liking 28/3 now after putting it on my charts. I definitely prefer it as simple as possible. Fundamentals for me can sometimes be as much as a head fake as price action or indi settings. So the less I have to consider...within reason...easier it is to pull the trigger.

But absolutely no right or wrong. Just what is more suitable to life and how much you want to trade.

EDIT: I also only take DC if they are in a Sup Demand zone. It gives me a nice visual.
Attached File(s)
File Type: ex4 SupplyDemandRectangles.ex4   13 KB | 353 downloads
EX BBMA trader focusing on REE code.
  • #716
  • Nov 1, 2019 3:46am Nov 1, 2019 3:46am
Fundies: Truths and Rumours.


"Dollar Stays Weak Ahead of NFP

The dollar remained near its lows against most of the majors in Asian and early European trade ahead of the marquee event of the day as markets awaited the US Non-Farm Payrolls report at 12:30 GMT.

As many experts have pointed out today very modest expectation of 95,000 new jobs is the weakest forecast in more than 2 years so the possibility of a beat is generally strong but the key component in the report will be wage growth rather than job growth. Last month's very disappointing reading of no growth in wages no doubt weighed heavily on consumer sentiment.

Today, the market expects a rebound to 0.3% pace which would be a piece of very good news if the data confirms the forecast as it would signal that the US economy continues to generate income growth ahead of the crucial Christmas spending season. On the other hand, another weak print would be a massive disappointment for the market indicating that US growth may have peaked and that income gains will be increasingly more difficult to achieve which will temper growth going forward.

For now, the US economic story has been one of divergence marked by a sharp contrast between the waning business sector sentiment and spending and relatively robust consumption, but today's report could confirm that the weakness is starting to seep into consumption and if that's the case the dollar is likely to drift lower.

For now, USDJPY has held the 108.00 level in Asian and European dealing after falling hard from its post FOMC highs of 109.20. A better NFP report that stabilizes US rates could put a bottom for the pair at these levels, but a miss today will likely send the pair for a test of 107.50 and perhaps even lower as sentiment against the buck turns increasingly negative." - Boris Schlossberg, BK Asset Management


Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #717
  • Nov 1, 2019 3:38pm Nov 1, 2019 3:38pm
Here's an indicator --
Attached File(s)
File Type: ex4 R4M-CenteredTMA.ex4   50 KB | 484 downloads
-- that I've adapted from @bishopdotun's and my thread on reversal trading. I am definitely NOT advocating for reversal trading here -- I've bought into the approach that basket trading and the Tidane indicator are perfectly suited for super (i.e. long-term) trend-following. This indicator is a centered TMA with outer bands computed using the basket's ADR. It could be argued that a basket doesn't have an ADR -- but that's a different discussion. Also, I have not yet traded with this indicator -- I'm just putting it out there for consideration and feedback.

Attached Image (click to enlarge)
Click to Enlarge Name: R4M-CenteredTMA.png Size: 81 KB


What I like most about the centered TMA + ADR is that it provides a context. Indicators draw their markings based on historical data. Since we trade in real-time then we need to tread carefully in terms of how much trust we put in indicators. However, this indicator gives me a warm, fuzzy feeling because I can now judge the current trend in a broader context -- it's not just random red and green lines drawn in a vacuum.

I find it useful to consider the centered TMA + ADR as an aerial view of a winding river. The price is like a boat that floats from bank to bank. After floating to one bank the boat trends back to the middle of the river.

The screen shot above uses Tidane 12/3, but Tidane 28/3 and 20/2 work equally well. When a new trend transition occurs near an outer band then you can see that you are essentially guaranteed the trend will eventually stretch to the midline (and often further to the other band).

The red arrows mark where a transition began in the middle of the river. My interpretation is those are transitions where I would close the previous basket and now wait on the sideline for a new transition that occurs near an outer band.

By default the distance from the midline to an outer band is 100% ADR on an H4 chart, but this is exposed as a setting that can be adjusted. Feel free to experiment. Others have found that 50% ADR on an H1 chart also works well.

Attached File(s)
File Type: ex4 R4M-CenteredTMA.ex4   50 KB | 484 downloads
  • #718
  • Nov 1, 2019 8:12pm Nov 1, 2019 8:12pm
@R4m

Many thanks for that addition.
Another good guide.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB
EX BBMA trader focusing on REE code.
  • #719
  • Nov 1, 2019 10:47pm Nov 1, 2019 10:47pm
Quoting robots4me
Here's an indicator -- {file} -- that I've adapted from @bishopdotun's and my thread on reversal trading. I am definitely NOT advocating for reversal trading here -- I've bought into the approach that basket trading and the Tidane indicator are perfectly suited for super (i.e. long-term) trend-following. This indicator is a centered TMA with outer bands computed using the basket's ADR. It could be argued that a basket doesn't have an ADR -- but that's a different discussion. Also, I have not yet traded with this indicator -- I'm just putting it...
hellow robots4me can you update this indicator hidden text information and middle band...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2999.jpg Size: 495 KB
  • #720
  • Nov 2, 2019 12:57am Nov 2, 2019 12:57am
Quoting robots4me
Here's an indicator -- {file} -- that I've adapted from @bishopdotun's and my thread on reversal trading. I am definitely NOT advocating for reversal trading here -- I've bought into the approach that basket trading and the Tidane indicator are perfectly suited for super (i.e. long-term) trend-following. This indicator is a centered TMA with outer bands computed using the basket's ADR. It could be argued that a basket doesn't have an ADR -- but that's a different discussion. Also, I have not yet traded with this indicator -- I'm just putting it...
Fantabulous input R4M! I sent you a PM.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
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