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Roadmap - A Way To Read Markets

  • #1,261
  • May 5, 2020 1:05pm May 5, 2020 1:05pm
Quoting here2there
{quote} Thanks! But what if one or more of the time frames don't match? That would be a mixed signal. I'm thinking it would be good if the indicator had a specific color to show mixed signals.
No, there is no mixed signal. It's a composite of RSI2 and RSI9 values for 4H, Daily, Weekly. It only ever delivers one figure.
  • #1,262
  • May 5, 2020 1:16pm May 5, 2020 1:16pm
Quoting LauraT
{quote} That's very kind of you, thank you so much And thank you for developing an extremely useful tool!
It's only a pleasure LauraT - the idea came from Neilsdigest in another thread, I don't know if he is still active on FF.
Enjoy.
  • #1,263
  • May 5, 2020 3:03pm May 5, 2020 3:03pm
Does CompRSISelectv2.mq4 re-paint? I mean do the lines move in the past? Or can I back test this visually?
Anything above the line is an uptrend, below the line is a downtrend.
  • #1,264
  • Edited May 6, 2020 12:37am May 5, 2020 3:16pm | Edited May 6, 2020 12:37am
Quoting Degolep
Does CompRSISelectv2.mq4 re-paint? I mean do the lines move in the past? Or can I back test this visually?
No, it is populating a data series and only calculates data points that haven't been calculated before, so basically once a bar closes the corresponding value in the plot is fixed.

UPDATE: Ignore that last statement, looking at the code more closely it recalculates the last NumBars (default is 500) every time it updates so yes it is continually repainting.
  • #1,265
  • May 5, 2020 4:58pm May 5, 2020 4:58pm
My trades today, had one loss, a good win and had to close other trades b4 they could develop (Baby boy woke up).

I must say that large stops helps a lot i am using 3xatr to calculate the stop loss.

It is helping me stay in the trade.

Thank you Laura ^^
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MTN
  • #1,266
  • May 5, 2020 11:58pm May 5, 2020 11:58pm
Quoting turnip15
{quote} I am not searching for anything. trying to make a point that if you want EA's then look on another thread or google whatever and leave this thread to Roadmap trades.
he is looking for a trade control EA, not an EA to run this strategy...
  • #1,267
  • May 6, 2020 12:37am May 6, 2020 12:37am
I tried this system for a few days and had terrible results! What I found difficult was the order of magnitude of the stop loss. I understand Lauras logic but it would help to have a starting ATR multiplier to place the SL before adjusting it up or down to a logical level at a resistance or critical level. Someone mentioned 3x ATR, what is every one else using?

My other question is application of the system to the daily timeframe..does the RSI indicator also apply to the daily charts?
  • #1,268
  • May 6, 2020 1:05am May 6, 2020 1:05am
Quoting money123456
I tried this system for a few days and had terrible results! What I found difficult was the order of magnitude of the stop loss.
i would like to learn from losses.
can you post a chart on those trades?
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,269
  • May 6, 2020 1:43am May 6, 2020 1:43am
DAX trade this morning

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Trade Without Fear
  • #1,270
  • May 6, 2020 1:48am May 6, 2020 1:48am
UK 100

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Trade Without Fear
  • #1,271
  • May 6, 2020 1:48am May 6, 2020 1:48am
Quoting OAPDave
Does anyone take the Daily into account ? {image}
I do, I need to know where I am in space.
You're the market mover, think like one.
  • #1,272
  • May 6, 2020 1:51am May 6, 2020 1:51am
AC trade, loser

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Trade Without Fear
  • #1,273
  • Edited 2:31am May 6, 2020 2:12am | Edited 2:31am
Quick trade on GC, got in a bit late but still a winner.

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Trade Without Fear
  • #1,274
  • May 6, 2020 2:39am May 6, 2020 2:39am
Quoting Degolep
Does CompRSISelectv2.mq4 re-paint? I mean do the lines move in the past? Or can I back test this visually?
It's not suitable for visual backtesting due to the way the values calculate. If we take the 1m indices/oil as an example, the indicator is calculating both the 15m and the 1H values. At the end of each 15m period, a straight line is drawn to signify where the 15m value closed. Unfortunately that makes the history look as if the 15m segment of time had the same value for the whole period.

Further, because the 60m is still calculating, that impacts the previous 3/4 15m segments.

That may or may not have been well explained above but short answer is that it is not suitable for visual backtesting. It was only ever intended to be a tool to be used live on those 1m instruments.

I am hopeful that a solution will be found in due course which will allow a real-time history to be presented. That should be suitable for visual backtesting. Watch this space
  • #1,275
  • May 6, 2020 3:01am May 6, 2020 3:01am
Quoting LauraT
{quote} It's not suitable for visual backtesting due to the way the values calculate. If we take the 1m indices/oil as an example, the indicator is calculating both the 15m and the 1H values. At the end of each 15m period, a straight line is drawn to signify where the 15m value closed. Unfortunately that makes the history look as if the 15m segment of time had the same value for the whole period. Further, because the 60m is still calculating, that impacts the previous 3/4 15m segments. That may or may not have been well explained above but short...
Yes. because I am sure the previous lines are moving, but I'm not sure how much. I will make a few screenshots now and will compare it in a few hours.
Anything above the line is an uptrend, below the line is a downtrend.
  • #1,276
  • May 6, 2020 3:12am May 6, 2020 3:12am
Hi Laura,

Well, I'm impressed by the fresh air we are breathing here !
It took me 10 pages on the thread ( that is where I'am today ) to decide to download the files and give a little try to your roadmap.
So, I'm well behind the current knowledge of all of you here, 54 pages in fact, so my first try will not have any elements that would have been given and added to your
roadmap after post 180.

Anyway, I join my first one here.

Warm thanks to your for being here to share your skills and experience in the roadmap with us.
I wish success to everybody and will continue my way like I did untill now, step by step, post by post, page by page untill I'll join you at the last page.
I suppose that this is the way to do it ,to be polite with you.
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  • #1,277
  • May 6, 2020 3:25am May 6, 2020 3:25am
Quoting brusch
Hi Laura, Well, I'm impressed by the fresh air we are breathing here ! It took me 10 pages on the thread ( that is where I'am today ) to decide to download the files and give a little try to your roadmap. So, I'm well behind the current knowledge of all of you here, 54 pages in fact, so my first try will not have any elements that would have been given and added to your roadmap after post 180. Anyway, I join my first one here. Warm thanks to your for being here to share your skills and experience in the roadmap with us. I wish success to everybody...
Welcome

Yes, please do read through the thread and feel free to ask any outstanding questions when done.
  • #1,278
  • May 6, 2020 3:25am May 6, 2020 3:25am
Laura, your work should never go unnoticed. Thank you
You're the market mover, think like one.
  • #1,279
  • May 6, 2020 3:39am May 6, 2020 3:39am
Hi All
Nice easy Oil trade to start the night
Cheers
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  • #1,280
  • May 6, 2020 3:40am May 6, 2020 3:40am
Dear LauraT, hello and thank you for your excellent thread. I have read it twice now and the only question that I have not found an answer to is: what is the reason for only entering a trade inside the channel? I’m sure I’ve missed it but when you have time please explain it to me.
Many thanks
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