How Wags Trades - TAS System | Page 16 | Forex Factory

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How Wags Trades - TAS System

  • #301
  • Jul 4, 2020 11:54pm Jul 4, 2020 11:54pm
Quoting rogerha
I have done some more reading overnight guys, and fundamentally this is a 'feature' with OBV, and that is why it is very much a visual aid to trading rather than the numbers being meaningful. So you can load it one day on one chart and depending on the timing of the data feeding it get a different result loading a chart one week later. The other interesting 'feature' is that OBV does not take into account the size of the price movement in relation to the volume measurement. This means that news spikes, large candles etc (which can vary significantly...
I’m wondering now if setting these oscillators to the beginning of a visible trend would provide an edge to catch fake bullish or bearish traps so having a dynamic look-back instead of a fixed bar look-back
Take this course: https://shorturl.at/upBey
  • #302
  • Jul 5, 2020 4:48am Jul 5, 2020 4:48am
Quoting tiestobob
{quote} I’m wondering now if setting these oscillators to the beginning of a visible trend would provide an edge to catch fake bullish or bearish traps so having a dynamic look-back instead of a fixed bar look-back
That is one option or probably we need to start where price variance with sma and obv variance with sma are all align. If we do static period back like 1000, whatever divergence then will revert back at some price point as it's all RELATIVE to that point. That is my understanding with my little experience in this domain so far.
  • #303
  • Edited 12:20pm Jul 5, 2020 12:05pm | Edited 12:20pm
Quoting Thakkx
{quote} That is one option or probably we need to start where price variance with sma and obv variance with sma are all align. If we do static period back like 1000, whatever divergence then will revert back at some price point as it's all RELATIVE to that point. That is my understanding with my little experience in this domain so far.
I'm thinking something like this might be more accurate...i dunno...needs more thought and testing

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EDIT: NVM, it doesn't seem to make much difference. The amplitude seems a little more pronounced but other than that not much difference. Proof:

with 1000 bars:

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with 200 bars:

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Take this course: https://shorturl.at/upBey
  • #304
  • Jul 7, 2020 2:51am Jul 7, 2020 2:51am
3 AUD crosses ready? What do you think guys?
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  • #305
  • Jul 7, 2020 3:20am Jul 7, 2020 3:20am
Round number indicator with ON / OFF buttons
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Attached File(s)
File Type: mq4 RoundNr button.mq4   10 KB | 418 downloads
File Type: mq4 RoundNrMulti button.mq4   12 KB | 445 downloads
  • #306
  • Jul 7, 2020 7:55am Jul 7, 2020 7:55am
This setup formed few hrs. ago
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If you don't build your DREAM, Someone will hire to help build theirs ...
  • #307
  • Jul 7, 2020 8:04am Jul 7, 2020 8:04am
Sorry guys i have not abandoned the thread but my E-commerce sites have been hacked and im trying to sort them out
  • #308
  • Jul 29, 2020 3:16pm Jul 29, 2020 3:16pm
This thread was getting good. Reading and wondering if the following is valid on USDCAD. Buy on the upward break of 1.33500? Does this seem a good analysis?
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  • #309
  • Jul 30, 2020 4:53am Jul 30, 2020 4:53am
EURAUD sell below 1.64500.
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  • #310
  • Aug 21, 2020 4:23pm Aug 21, 2020 4:23pm
Hi Wags!

As you have said:

Quote
... starting of with binary options for 3 years before transferring to Forex and spending many years in dispair

I take it you were not successful with binaries? I just started trading this year on binary options and so far I have lost about 40% of my account, slowly and painfully.

Thinking about whether to try and stick it out (hearing a lot of negative sentiments about binary options, AFTER getting started of course, haha) or if I should shift into forex trading, but not sure where to begin (reading your post is a step obviously).

Thanks would appreciate your thoughts very much!
  • #311
  • Dec 4, 2020 6:06pm Dec 4, 2020 6:06pm
Been very busy sorting out websites last few months, now ready to get back onto this thread

Looking at shorting EJ next week , looks very good

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  • #312
  • Dec 5, 2020 8:05am Dec 5, 2020 8:05am
Quoting Wags
Currency pair (A) moves on average 30 pips per hour and Currecy pair (B) 15 pips per hour on average. This is called an ATR ( Average True Range ) of a currency pair, So to reach my take profit goal of £100 per trade i would need 100 pips. But for Currency pair (A) i can roughly assume it will be reached 2 times times faster than Currency pair (B), Time is money, Why would i want to be stuck in a trade 2 times longer for the same profit

This really isn't quite true, Paul.

What you're saying would certainly be approximately valid, if the relationship between range and time were a linear one, but it just isn't.

It's a square-root relationship.

As the period of the bars doubles, the approximate range increases not by a factor of 2, but by a factor of the square root of 2. Which is about 1.4.

You can easily verify this for yourself, by doing a quick comparison and count-up.

If you compare the ATRs of (for example) 15-minute and 30-minute bars (or 1-hour and 2-hour bars, or 3-minute and 6-minute bars, or whatever example you choose to try) for the same instrument at the same time, you'll see that the average difference between the ATRs for the two charts you compare corresponds approximately to a factor of 1.4, not 2 as implied above.

I think you may find it more helpful to base your calculations on that proportion/relationship. Just a suggestion.
  • #313
  • Dec 5, 2020 5:41pm Dec 5, 2020 5:41pm
Thanks for the system, very impressive
  • #314
  • Dec 6, 2020 4:23pm Dec 6, 2020 4:23pm
Quoting Quickly
{quote} This really isn't quite true, Paul. What you're saying would certainly be approximately valid, if the relationship between range and time were a linear one, but it just isn't. It's a square-root relationship. As the period of the bars doubles, the approximate range increases not by a factor of 2, but by a factor of the square root of 2. Which is about 1.4. You can easily verify this for yourself, by doing a quick comparison and count-up. If you compare the ATRs of (for example) 15-minute and 30-minute bars (or 1-hour and 2-hour bars, or...

Thx , I will check what you said out but im just going by the atr indi on my charts
  • #315
  • Dec 6, 2020 4:24pm Dec 6, 2020 4:24pm
Quoting mauroby
Thanks for the system, very impressive

Thx Mauroby

Lets see how it goes from now on
  • #316
  • Last Post: Dec 30, 2020 6:38am Dec 30, 2020 6:38am
Quoting Wags
{quote} Yes i think to many are just interested in ATR/ADR on its own but where is the value as well OBV i use for confirmation in short and long term , will be exposed as we move along Dam it my images are not showing on main thread
You are a good system designer.
I now design simple systems from my 36+ years of exposure to trading.
I use only Pips (space) and Time (minutes or TF) to enter and exit trades.
I use ATR/ADR indicators to plot for the day.
Both have multiplying factors that help me establish my fundamental bias for direction and expansion/contraction of daily moves.
I use display of past 8 to 12 close candles to get the feel for the demand and supply in the market.
I love using my eyeballs to decide the direction for the day.
If you do scalping and control your urge (if at all) to preserve your targetted winning , the goal of Profit factor of 2 is not at all difficult to achieve.
Avoiding market noise and managing anxiety will need a practice of at least two years.
Your trading methods, howsoever good, will always be challenged by forces unleashed by anxiety.


I
Practice makes a person perfect
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