Roadmap - A Way To Read Markets | Page 33 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Software tools for LauraT's Roadmap 169 replies

Forex Brokerage Roadmap 4 replies

Best way to read all of someone's posts? 3 replies

Simple way to read chart 11 replies

Attachments: Roadmap - A Way To Read Markets
Exit Attachments

Roadmap - A Way To Read Markets

  • #641
  • Apr 27, 2020 3:35am Apr 27, 2020 3:35am
[quote=Wellington;12901835]
Quoting Robin68
{quote} Yes, that would be perfect - thank you
1. open the ZIP file "RodMap
2. insert Road Map folder into MT4 Profile
3. insert all 8 indicators into the MT4/MQL4/indicators
4. restart MT4
5. Road Map profile retrieval, done.
In the dashboard settings you may have to remove the suffix p from all currency pairs.
Attached File(s)
File Type: zip RoadMap.zip   420 KB | 910 downloads
  • #642
  • Apr 27, 2020 3:44am Apr 27, 2020 3:44am
Quoting MikeHanson
Hi Laura, Thanks for this thread, I have been following it for a while and without a doubt your introduction, explanation and ongoing guidance is the clearest and most intelligible I have come across on FF. I am a software developer by profession, but trade part time. I use cTrader rather than MT because it allows me to code indicators in a more object oriented way using a language I use in my daily work (C#). I have used your explanations and screen shots to create a similar set of indicators to those you use so now I have the complete set and...
Thanks for the kind words, Mike

That's great. I know many traders are big fans of cTrader so you might get more than a few requests to share your indicators
  • #643
  • Apr 27, 2020 3:49am Apr 27, 2020 3:49am
Quoting MikeHanson
Hi Laura, Thanks for this thread, I have been following it for a while and without a doubt your introduction, explanation and ongoing guidance is the clearest and most intelligible I have come across on FF. I am a software developer by profession, but trade part time. I use cTrader rather than MT because it allows me to code indicators in a more object oriented way using a language I use in my daily work (C#). I have used your explanations and screen shots to create a similar set of indicators to those you use so now I have the complete set and...
Many many thanks for this.... I was hoping forever to get the setup on ctrader, out of frustration went back to Mt4 for charting..... This is absolutely great news for me.... Thanks I really appreciate it...
  • #644
  • Apr 27, 2020 3:49am Apr 27, 2020 3:49am
Quoting Loftboy
{quote} Does this chart bear any resemblance to Laura's method? If it does, then I can't see it. This chart would give me stretch marks on my brain.
Let's just say this is a small addition to Laura’s method, where it’s best to exit the trade. In general, the Targets ,this is one big topic that was discussed in another thread. And if you want to see the general picture of the price movement, you can mark it out on large timeframes
  • #645
  • Apr 27, 2020 3:50am Apr 27, 2020 3:50am
Quoting MikeHanson
Hi Laura, Thanks for this thread, I have been following it for a while and without a doubt your introduction, explanation and ongoing guidance is the clearest and most intelligible I have come across on FF. I am a software developer by profession, but trade part time. I use cTrader rather than MT because it allows me to code indicators in a more object oriented way using a language I use in my daily work (C#). I have used your explanations and screen shots to create a similar set of indicators to those you use so now I have the complete set and...
Hi Mike, I use Ctrader as well, would you share your sma dash board? I have managed to replicate everything else
Its all just one persons opinion
  • #646
  • Apr 27, 2020 3:50am Apr 27, 2020 3:50am
Quoting aud
{quote} Well if you are opening the question to everyone! Some thoughts in case they help. Do you want to trade the E/U when both the Eur and Usd exchanges are closed? Do you want to trade short when on your t/f the PA looks to be going up? Do you want to trade reversals?
Thank you, I don't trade EU against the trend on Asian session, especially on a Sunday / Morning Open, it moves way too slow during those time. My question was more in relation to the setup than taking the trade itself. Probably the original post did not convey the meaning. During Asian my preference would be on AU, AJ, NU, EJ, UJ, GJ. I have not traded the Ax,Nx pairs before, so not sure about that, Yen can move a bit during the Asian session though.
  • #647
  • Apr 27, 2020 4:01am Apr 27, 2020 4:01am
Hi,
Thank you LauraT for sharing your trading method. Was lurking around since first post of this thread. Through weekend I run some manual backtest, using F12 button on few pairs. I am very glad that you also recommended to do so, I am huge fan of backtesting, because it gives : a)confidence based on numbers that your strategy works b)you learn the strategy, meaning that you will be doing a lot less mistakes during real trading c)you become consistent about what you are doing even before you start trading it live

Decided to share results with you all what I got on m5 timeframe testing GBP/USD and USD/JPY I needed to modify template to get higher timeframe SMA 200, and lower timeframe SMA 200. I added 600 SMA (mimicking m15 SMA 200, because 3 times higher) and 40 SMA (mimicking m1 200 SMA, because 5 times lower). However I run backtest without ADR indicator. NumbBars of CompRSISelectv2 I set to huge number of 70 000 to get it working since 2019 06. Was picking only your basic 2 major setups - cross and failure.

My all entries was from London open till London time close. I used ff calendar to exit before red news. Also I used my own subjective exit, like channel line overshoot, OBV divergence, or measured move of legs. It depended which I got first, however mostly my target was yesterday high/low as your teaching says. Also I used hard stop above/below 200 SMA. I measured profit in risk reward multiple. Meaning that 1 RR profit equals the same as my risk. 2 RR means, that I won 2 times as I risked, and 0.5 RR meaning that I got half of what my risk was.

So on these 2 pairs I got almost 200 entries since last June. Results are great! I got +66RR on GBP/USD, and +50RR on USD/JPY. You can put whatever risk you want on that RR multiple, meaning 1% per trade equals +66%, and 2% per trade means +132%... Taking into account compounding power and other instruments potential is really huge. I got few nasty choppy months, where results were slightly negative or zero. I attach all screenshots and template if someone wants to back test how I did. Have a nice day!
Attached File(s)
File Type: rar roadmap ss.rar   4.7 MB | 956 downloads
File Type: tpl MyRoadmap for testing.tpl   4 KB | 520 downloads
File Type: xlsx roadmap backtest.xlsx   20 KB | 718 downloads
  • #648
  • Apr 27, 2020 4:03am Apr 27, 2020 4:03am
Quoting Patje
{quote} Many many thanks for this.... I was hoping forever to get the setup on ctrader, out of frustration went back to Mt4 for charting..... This is absolutely great news for me.... Thanks I really appreciate it...
I have Ctrader RSI MTF average which I can share if anyone wants it.....
Its all just one persons opinion
  • #649
  • Apr 27, 2020 4:17am Apr 27, 2020 4:17am
Quoting za1jcas
Hi, Thank you LauraT for sharing your trading method. Was lurking around since first post of this thread. Through weekend I run some manual backtest, using F12 button on few pairs. I am very glad that you also recommended to do so, I am huge fan of backtesting, because it gives : a)confidence based on numbers that your strategy works b)you learn the strategy, meaning that you will be doing a lot less mistakes during real trading c)you become consistent about what you are doing even before you start trading it live Decided to share results with you...
This is wonderful. Thank you for sharing your process and your results

I'm happy you reached the conclusion that results are great!

If anyone wants to repeat this exercise for other instruments, I'd recommend it. As za1jcas says, the process allows you to both learn the strategy and have confidence in the results.
  • #650
  • Apr 27, 2020 4:18am Apr 27, 2020 4:18am
[quote=Robin68;12902757]
Quoting Wellington
{quote} 1. open the ZIP file "RodMap 2. insert Road Map folder into MT4 Profile 3. insert all 8 indicators into the MT4/MQL4/indicators 4. restart MT4 5. Road Map profile retrieval, done. In the dashboard settings you may have to remove the suffix p from all currency pairs. {file}
Much appreciated - thank you very much
  • #651
  • Apr 27, 2020 4:19am Apr 27, 2020 4:19am
[quote=Robin68;12902757]
Quoting Wellington
{quote} 1. open the ZIP file "RodMap 2. insert Road Map folder into MT4 Profile 3. insert all 8 indicators into the MT4/MQL4/indicators 4. restart MT4 5. Road Map profile retrieval, done. In the dashboard settings you may have to remove the suffix p from all currency pairs. {file}
How do i remove the suffix ??
  • #652
  • Apr 27, 2020 4:31am Apr 27, 2020 4:31am
Quoting axecap
{quote} I have Ctrader RSI MTF average which I can share if anyone wants it.....
this is my template in Ctrader UJ H1

Attached Image (click to enlarge)
Click to Enlarge Name: UJ roadmap.png Size: 76 KB
Its all just one persons opinion
  • #653
  • Apr 27, 2020 4:31am Apr 27, 2020 4:31am
Quoting karun
{quote} Thank you, I don't trade EU against the trend on Asian session, especially on a Sunday / Morning Open, it moves way too slow during those time. My question was more in relation to the setup than taking the trade itself. ~~
My misunderstanding.
Good Trading
  • #654
  • Apr 27, 2020 4:33am Apr 27, 2020 4:33am
Quoting axecap
{quote} this is my template in Ctrader UJ H1 {image}
Hi - would be grateful if you can share it, then I can have MT4 and Ctrader. Thank you!
  • #655
  • Apr 27, 2020 4:48am Apr 27, 2020 4:48am
Looks like I came late to the party today. Can only see EURCAD as a potential set-up.

Seems like they were some really good set ups early on.

How is everyone doing?
  • #656
  • Apr 27, 2020 4:48am Apr 27, 2020 4:48am
Quoting Wellington
{quote} Hi - would be grateful if you can share it, then I can have MT4 and Ctrader. Thank you!
The trend dashboard is not precisely the same as Laura's....Ive asked MikeHanson for his...it maybe more precise, lets see. RSI average should be the same based on what Laura told me have tried to upload that and the previous days high and low indi. get error message , cant upload. PM me if you want it and we can work something out
Its all just one persons opinion
  • #657
  • Apr 27, 2020 4:49am Apr 27, 2020 4:49am
Quoting MikeHanson
Hi Laura, Thanks for this thread, I have been following it for a while and without a doubt your introduction, explanation and ongoing guidance is the clearest and most intelligible I have come across on FF. I am a software developer by profession, but trade part time. I use cTrader rather than MT because it allows me to code indicators in a more object oriented way using a language I use in my daily work (C#). I have used your explanations and screen shots to create a similar set of indicators to those you use so now I have the complete set and...
Can you provide the C# codes for the composite rsi? Thanks!
  • #658
  • Apr 27, 2020 4:51am Apr 27, 2020 4:51am
[quote=ghozt;12902856]
Quoting Robin68
{quote} How do i remove the suffix ??
see here: http://prntscr.com/s6ngf2
  • #659
  • Apr 27, 2020 4:51am Apr 27, 2020 4:51am
Quoting za1jcas
Hi, Thank you LauraT for sharing your trading method. Was lurking around since first post of this thread. Through weekend I run some manual backtest, using F12 button on few pairs. I am very glad that you also recommended to do so, I am huge fan of backtesting, because it gives : a)confidence based on numbers that your strategy works b)you learn the strategy, meaning that you will be doing a lot less mistakes during real trading c)you become consistent about what you are doing even before you start trading it live Decided to share results with you...
Could you explain what do the m15 and m1 MA help you on m5?
Anything above the line is an uptrend, below the line is a downtrend.
  • #660
  • Edited 5:25am Apr 27, 2020 5:06am | Edited 5:25am
Thanks for the thread, and your efforts in sharing and posting!

Went short EURNZD after channel cross, all SMA's were in the red and RSI. Price reversed. Closed order, for a loss.

Just so I understand, was this in theory a good setup? It just didn't work out this time?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 25 KB
2 traders viewing now