{quote} emm..and that is a BUEB.. i entered buy when london closed. EDIT: i mean tokyo closed EDIT2: -0.26R, 1st TP hit.. not bad... now plan B.. {image} EDIT3: net for plan a and b: -0.25R, exit.. imho, as it may be the start of H1 consolidation.. {image}
- #100,002
- Jan 25, 2020 3:18am Jan 25, 2020 3:18am
- | Commercial User | Joined Sep 2018 | 1,427 Posts
{quote} @moRTaL, can you please share your ADR indi. Thanks.
https://www.forexfactory.com/showthread.php?t=939778 - #100,004
- Jan 25, 2020 10:31am Jan 25, 2020 10:31am
- | Joined May 2009 | Status: lost in the void | 2,977 Posts
- #100,005
- Jan 25, 2020 4:49pm Jan 25, 2020 4:49pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} Hey Emmanuel , which RSI you are you talking about ? RSI 13 or RSI 3 ? Perhaps both ? So you actually trade without the TDI and replace it with RSI ? Can you show me some example . Thanks and appreciate
Hi Loker
Whether you want to use the TDI's RSI(13) as the base data or simply a RSI(3) at its 50-level is up to you and your own system development.
Look at the OP's post #504. He has both the TDI and the RSI(3) on that chart.
This hasn't crosses yet (TDI) but it will soon unless we get a bounce down on the red line... {image}
RIS(3) is used in this system - "HeikenAshi RSI Trend Trading System"
link: https://www.forexstrategiesresources...rading-system/
this system is well documented in that website link above.
For system traders, using the RSI(3) is a good filter and also it removes the subjectivity in interpreting the TDI green line angle. Important trade setup condition is the use of the Stoch(8,3,3) as signal for a price action REVERSAL candle and let the RSI(3)cross 50-level be the second signal confirmation.
Another important technical condition for a trade setup is the use of a 5EMA Typical Price, Shift+3. Look at the price action - both the real price bar and the HA candles in relation to the 5EMA. The use of Shift+3 is also known as Displaced Moving Average. Learn this too at the link below.
https://www.investopedia.com/terms/d...ingaverage.asp
When you are overwhelmed by the huge amount of information, do not worry as many people do at certain point in their trading journey.
Enjoy your learning journey!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #100,006
- Jan 25, 2020 5:04pm Jan 25, 2020 5:04pm
- | Joined May 2009 | Status: lost in the void | 2,977 Posts
- #100,007
- Jan 25, 2020 5:38pm Jan 25, 2020 5:38pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} What do you mean. Trading one market isn’t enough?
I know a few full time forex traders who trade single currency pair over a long term.
A calculation: Trading Plan Trade only 1 Market (EUR/USD), ADR: 50 Pips Pips Value: $10,00 (1 Lots) Trading Times: European Market Session, 8:00 GMT – 16:00 GMT Work hours: 8 Hours Time Frame: M15/H1 Average Stop Loss: 10 Pips Average Profit Target: 20 Pips Risk/Reward: 1:2 The Setup TDI gives signal. Scenario 1) You find 1 Trade per day and win! Winrate: 100% 20 Pips (TP) x 1 (Trade per Trade) x 20 Trading Days = 400 Pips per Month (win) = $4.000,00 Spread: $600,00 Sum = $3.400,00 (You can pay some bills, hooray) Scenario 2) Winrate: 50% 20 Pips...
I run both timeframes M15 and H1 trading TDI signals according to your trading hours to do a trade count and the number of consecutive losers will wipe out any gains. Both results using my live broker 2019 data below.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #100,008
- Jan 26, 2020 12:52am Jan 26, 2020 12:52am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Does not help to backtest TDI.
Back testing TDI is done a historical data where the charts are refreshed.
- The reason why back testing will fail every time is trades are place where no crossover happened.
- Also where does the back testing expert place the trade?
On the same bar the crossover occurred or one bar late.
Test it yourself.
Draw trend-lines from crossover to crossover anytime any year. Compare the trades placed with back testing and those done on a live chart that was refreshed.
Can anyone explain this.
Blue > win / Yellow > lose.
Obviously the chart was refreshed.
Back testing TDI is done a historical data where the charts are refreshed.
- The reason why back testing will fail every time is trades are place where no crossover happened.
- Also where does the back testing expert place the trade?
On the same bar the crossover occurred or one bar late.
Test it yourself.
Draw trend-lines from crossover to crossover anytime any year. Compare the trades placed with back testing and those done on a live chart that was refreshed.
Can anyone explain this.
Blue > win / Yellow > lose.
Obviously the chart was refreshed.
- #100,009
- Jan 26, 2020 1:41am Jan 26, 2020 1:41am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
"because the search for a trading edge is as futile"
With that statement alone Iddd you can for sure know that the writer is sucking his thumb.
a Child going to school to learn how to count is adding to his edge for a better future.
Following a recipe to bake a cake is one of life's hard fact's. It is your edge that will ensure that cake is edible, tasty, something to enjoy.
You don't follow it, what comes out if the oven will look like a cake and taste like..................
Study, practice, make notes, learning from others, your own mistakes, is you yourself that is searching for your own trading edge.
One day all of above will come together for you and you will trade your own edge.
In a essence the writer is telling you to give up.
(What a way to motivate your readers to better themselves.)
With that statement alone Iddd you can for sure know that the writer is sucking his thumb.
a Child going to school to learn how to count is adding to his edge for a better future.
Following a recipe to bake a cake is one of life's hard fact's. It is your edge that will ensure that cake is edible, tasty, something to enjoy.
You don't follow it, what comes out if the oven will look like a cake and taste like..................Study, practice, make notes, learning from others, your own mistakes, is you yourself that is searching for your own trading edge.
One day all of above will come together for you and you will trade your own edge.
In a essence the writer is telling you to give up.
(What a way to motivate your readers to better themselves.)
- #100,010
- Jan 26, 2020 3:56am Jan 26, 2020 3:56am
- | Membership Revoked | Joined Jun 2011 | 9,885 Posts
{quote} "because the search for a trading edge is as futile" With that statement alone Iddd you can for sure know that the writer is sucking his thumb. a Child going to school to learn how to count is adding to his edge for a better future. Following a recipe to bake a cake is one of life's hard fact's. It is your edge that will ensure that cake is edible, tasty, something to enjoy.
Make a conjecture (describe an idea) about some price movement, price pattern, indicator, whatever you see that looks interesting or odd.
Describe in detail the characteristics.
Look in past data for more occurrences and make note of things such as time of day, day of week, month of year, timeframe, and anything else you think that MIGHT be useful (In the end, there can be a lot of these categories that are thrown out as either duplicating another category or simply not meaningful).
After you collect enough data from the last step, refine your original conjecture, if needed.
Collect data in real time and determine if it supports your conjecture.
If the data give weak support of your conjecture, you probably don't have a conjecture worth pursuing.
If the data give strong support, eliminate 1 or more of your data categories, revise your conjecture, and recheck all of the historical data with the revised conjecture. If you still have strong support of the conjecture, continue. If support for the conjecture drops significantly, you eliminated one (or more) data categories that are essential. Return to your original conjecture and data set and go through the exercise again.
To free Gazans of Hamas, use whatever it takes.
- #100,011
- Jan 26, 2020 4:37am Jan 26, 2020 4:37am
- Joined Nov 2008 | Status: Trader | 50,200 Posts
Does not help to backtest TDI. Back testing TDI is done a historical data where the charts are refreshed. - The reason why back testing will fail every time is trades are place where no crossover happened. - Also where does the back testing expert place the trade? On the same bar the crossover occurred or one bar late. Test it yourself. Draw trend-lines from crossover to crossover anytime any year. Compare the trades placed with back testing and those done on a live chart that was refreshed. {image} Can anyone explain this. Blue > win / Yellow...
hey Tekkies
Your statement: " Back testing TDI is done a historical data where the charts are refreshed. " is not correct.
When you run MT4 strategy tester the price data is historical but the indicator is calculated using the historical data and price data do not refreshed.
The TDI Red Green in Post#25 will show the actual calculated when you run that in the MT4 strategy tester.
However, the fact is the TDI#25 will repaint when the chart get refresh and during the strategy tester run, the charts do not get refresh until the test period is completed.
The problem you have with your TDI version is that it paints on every price tick and a green cross red can update and repaint several times especially when you run in lower timeframe like M5 and M15 which you did. To avoid false crosses, your tester program must wait for the price period bar to close before making any trade execution. Your tester program also must check the APB/HA candle close if there is a setup candle #1 and #2. Normally the APB/HA candle#1 must close to have a valid setup and there Stoch must confirm the REVERSAL candle and when the bar period closes, your tester program must check the TDI values for two moving averages of the RSI(13) data i.e. the green Price line and the red Trade Signal Line.
Below is EURUSD H1 comparing two versions of the TDI in separate sub-windows.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #100,012
- Edited 5:14am Jan 26, 2020 5:02am | Edited 5:14am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #100,013
- Jan 26, 2020 5:15am Jan 26, 2020 5:15am
- | Membership Revoked | Joined Jun 2011 | 9,885 Posts
To free Gazans of Hamas, use whatever it takes.
- #100,014
- Jan 26, 2020 5:22am Jan 26, 2020 5:22am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #100,015
- Jan 26, 2020 5:49am Jan 26, 2020 5:49am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #100,016
- Jan 26, 2020 6:01am Jan 26, 2020 6:01am
- Joined Nov 2008 | Status: Trader | 50,200 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #100,017
- Edited 6:47am Jan 26, 2020 6:33am | Edited 6:47am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #100,018
- Jan 26, 2020 12:28pm Jan 26, 2020 12:28pm
- | Joined May 2009 | Status: lost in the void | 2,977 Posts
- #100,019
- Jan 26, 2020 12:36pm Jan 26, 2020 12:36pm
- | Membership Revoked | Joined Jun 2011 | 9,885 Posts
To free Gazans of Hamas, use whatever it takes.
- #100,020
- Jan 26, 2020 3:25pm Jan 26, 2020 3:25pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett