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Trend Trading: It's Not as Difficult as You Think

  • #81
  • Jun 6, 2020 8:57pm Jun 6, 2020 8:57pm
FuturesPips,

Nice thread, nice work and explanations, but Forex do not have to be so complex (IMHO).
My simple chart to use this strategy.
Attached Image (click to enlarge)
Click to Enlarge Name: AImpCorr_Chart.png Size: 52 KB


Roy
  • #82
  • Jun 6, 2020 9:02pm Jun 6, 2020 9:02pm
I have been looking at the blue/red dot entry signals and they seems to be very good overall but I do believe with a few more filters/rules you might improve on the overall performance of the methodology. I am going to use the blue/red dots as a warning signal to look for candle formations to take a trade. For example, you get a blue dot look for a bulliish engulfing candle or pin bar for entry. I am sure there are many many more filters you can use but I'm trying to keep it simple.

Again, I have not done any backtesting just making a suggestion going off my years of experience trading Forex.
  • #83
  • Jun 6, 2020 9:03pm Jun 6, 2020 9:03pm
I ran the Indicator in the Startegy tester and it shows the entries ok. As you confirmed it paints at the High and Low after the close of the candle. So no guarantee you will be able to get those prices and if you are waiting for those prices you may miss the entry. Probably not something that can be back tested all that much on auto mode anyway as you would be better off to enable it on strong vs weak ccy's for the day. Looks lke something that can be utilised but with a bit of additional filters. I will keep it on my radar.
MWTF Return This Week: na
  • #84
  • Edited Jun 7, 2020 6:11am Jun 6, 2020 9:38pm | Edited Jun 7, 2020 6:11am
Quoting FuturePips
{quote} I will keep uploading the algorithms with extended expiry.If this thread is active enough i will upload continuously. I will promise on that.
Thanks.
it does not cost me anything to share my knowledges
  • #85
  • Jun 6, 2020 9:47pm Jun 6, 2020 9:47pm
Quoting FuturePips
{quote} I will make some videos. But remember it will get some time to detect a trending market as well as a ranging market. We were not able to eliminate 100% bad effects of the ranging markets. But in this algorithm, we will able to eliminate to some extent. I will upload some videos or screenshots. Thanks
No worries and no HURRY. The intent is not to eliminate bad trades, it is to determine how it performs.

Thnx
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #86
  • Jun 6, 2020 10:57pm Jun 6, 2020 10:57pm
Quoting earlroy63
FuturesPips, Nice thread, nice work and explanations, but Forex do not have to be so complex (IMHO). My simple chart to use this strategy. {image} Roy
would you mind sharing that indicator that shows the length of each leg? I asked about an indicator like this 2 years ago and I could never find one. I just happend to stumble upon this post and was really happy to see it. Would you mind sharing? Please and TY!
  • #87
  • Jun 6, 2020 11:45pm Jun 6, 2020 11:45pm
can someone please send the fib settings?
  • #88
  • Jun 7, 2020 3:10am Jun 7, 2020 3:10am
Going to try it looks Amazing
  • #89
  • Jun 7, 2020 4:39am Jun 7, 2020 4:39am
Quoting FuturePips
{quote} No never. I will promise. No one needs to pay to use this algorithm. If I need money I will not post in here. I will run my own ad campaign and sell it. Why I gave an expiry to algorithms? # To avoid the reselling of this algorithm. # To keep this thread alive. # To feel a responsibility to some extent. Thanks.
Thanks Future Pips for clarifying...
  • #90
  • Jun 7, 2020 5:12am Jun 7, 2020 5:12am
Mq4 version of Pivot Point will be very helpful..
  • #91
  • Edited 7:53am Jun 7, 2020 7:42am | Edited 7:53am
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 195 KB


Thanks Future Pips for this system . and your effort to explain it .
in this picture from 20-may to 26 -may for EURUSD . i get 12 signals
signal 1 enter and win 30 pips , 2 no enter already in trade 1 , 3 entered and loss trade , 4 entered and loss trade , 5 entered and loss trade . also missed this big down trend because all signals are buy & Qsigma trend is blue .
signal 6 enter sell and win 30 pips , 7,8,9, no enter because already in trade 6 .
signal 10 enter loss , 11 enter loss , 12 no enter because at same impulse of 11 . also missed the up trend .

whats wrong i do ?? or i didn't understand the system well

thanks for all your help
  • #92
  • Edited 8:02am Jun 7, 2020 7:45am | Edited 8:02am
bojack34.
See indicator attached here.
You will learn how pip values can help determine when a corrective wave will reverse or not, amazing stuff.

Attached File(s)
File Type: ex4 ZigZagWithValue_Bars.ex4   17 KB | 588 downloads




Roy
  • #93
  • Jun 7, 2020 9:00am Jun 7, 2020 9:00am
Quoting FuturePips
{quote} Sorry I am not able to do so. The main thing why I doing this is to there are no many free quantitative trading models on the web for free. Once I have published and one person resells that to others. I cannot let that happen. If any one really wants they can download each month. And I can promise I will never let this community down. Because I learn lot from here too. So I will promise that I will keep update my algorithm every month. Any way thanks for your idea. Really appreciate it. I will try my best to keep this tread active.
Dear FuturePips,

For the moment the system only allowed to test from end March till to date. Would it be possible if I wish to test earlier period? Say for year 2019.

Thank you very much.
  • #94
  • Jun 7, 2020 9:42am Jun 7, 2020 9:42am
Quoting earlroy63
FuturesPips, Nice thread, nice work and explanations, but Forex do not have to be so complex (IMHO). My simple chart to use this strategy. {image} Roy
Happy for you. Keep it, my friend.
" People don't care about what you say, they care about what you build "
  • #95
  • Jun 7, 2020 9:44am Jun 7, 2020 9:44am
Quoting ozziedave
I have been looking at the blue/red dot entry signals and they seems to be very good overall but I do believe with a few more filters/rules you might improve on the overall performance of the methodology. I am going to use the blue/red dots as a warning signal to look for candle formations to take a trade. For example, you get a blue dot look for a bulliish engulfing candle or pin bar for entry. I am sure there are many many more filters you can use but I'm trying to keep it simple. Again, I have not done any backtesting just making a suggestion...

That's ok with me. You can make this fit your trading style. If you take any advantage of this I am really happy. Keep it Up.

Thanks
" People don't care about what you say, they care about what you build "
  • #96
  • Jun 7, 2020 9:46am Jun 7, 2020 9:46am
Quoting xmess7
{quote} No worries and no HURRY. The intent is not to eliminate bad trades, it is to determine how it performs. Thnx Jess

Got it. I will make it soon. Thanks
" People don't care about what you say, they care about what you build "
  • #97
  • Jun 7, 2020 9:48am Jun 7, 2020 9:48am
Quoting bojack34
{quote} would you mind sharing that indicator that shows the length of each leg? I asked about an indicator like this 2 years ago and I could never find one. I just happend to stumble upon this post and was really happy to see it. Would you mind sharing? Please and TY!

Very Sorry. There is no indicator as that with us. We are using our own algorithm codes to determine that.

Thanks.
" People don't care about what you say, they care about what you build "
  • #98
  • Jun 7, 2020 9:51am Jun 7, 2020 9:51am
Quoting EggWay
can someone please send the fib settings?

Our friend @Erebus already uploaded the setting. You can use that.

This is the link to the post.

https://www.forexfactory.com/showthr...3#post12984603

Thanks.
" People don't care about what you say, they care about what you build "
  • #99
  • Jun 7, 2020 9:52am Jun 7, 2020 9:52am
Quoting asalami23
Going to try it looks Amazing
Thanks, If you need any help you can post here. I am happy to answer.
" People don't care about what you say, they care about what you build "
  • #100
  • Jun 7, 2020 9:58am Jun 7, 2020 9:58am
Quoting msldin
{image} Thanks Future Pips for this system . and your effort to explain it . in this picture from 20-may to 26 -may for EURUSD . i get 12 signals signal 1 enter and win 30 pips , 2 no enter already in trade 1 , 3 entered and loss trade , 4 entered and loss trade , 5 entered and loss trade . also missed this big down trend because all signals are buy & Qsigma trend is blue . signal 6 enter sell and win 30 pips , 7,8,9, no enter because already in trade 6 . signal 10 enter loss , 11 enter loss , 12 no enter because at same impulse of 11 . also missed...

You have done a few wrong things and also you did not understand well. It doesn't matter in this video I am explaining this. This will help to many members of this thread because explaining, again and again, will help you to understand the system and its rules well.

Inserted Video
" People don't care about what you say, they care about what you build "
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