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  • #110,261
  • Oct 29, 2020 12:47am Oct 29, 2020 12:47am
Quoting emmanuel7788
{quote} The Traders_Dynamic_Index has several different versions since 2005 ands by 2011, there was the Synergy_Pro_TDI released. Why so many diferent versions over the years between 2005 and 2011? Why did the OP Big E used only the first version which he subscribed to CompassFX in 2006? He got the new version Advanced TDI version in 2010, did he use that newer version? A lot of back-testing and forward testing of the TDIs done between 2012 and 2017. The results is not better that what you posted using the Stochastics and the MACD. But the testing...
Its true H4 gives good return than H1.
If you look at the picture, you will see MACD is not performed well I mean MACD doesn't have enough edge according to the backtest result. On the other hand, Stochastics have a little bit of edge over the years in the market. I just wanted to know TDI have a little bit of edge or not, Probably it has. Let me ask the questions in a different way, If you have asked to choose one from these 3 indicators (Stochastics, MACD, TDI) which one you will choose and why?
MA provides the market's current direction and strength.
  • #110,262
  • Oct 29, 2020 12:55am Oct 29, 2020 12:55am
Quoting emmanuel7788
{quote} There are different tests of different systems carried out by different people over the years. Different systems with technical studies (Stoch, MACD, RSI, CCI, etc.) being used, different entries and exits strategies and different money management strategies. What the outcome of those tests came back to the different conclusions - what is the best mental strategies that will suit the different tests results. According the well know trading coach and psychologists like Dr Van Tharp, Dr Brett Steenbarger, Dr. Ari Kiev, Dr. Jason Williams,......
I understand that mental strategies are important. But if we don't have a trading edge in the tools we use. It will be impossible to develop Mental strategies.

Once we have tools that have an edge and now come to implementations, In case of Implementations we need Mental strategies. That is why we need better tools to start. after that, we need to develop mental strategies.
MA provides the market's current direction and strength.
  • #110,263
  • Oct 29, 2020 1:09am Oct 29, 2020 1:09am
I found this TDI backtest result, It seems TDI has a little bit of edge in BTC. 6h time frame they use for the test.
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #110,264
  • Oct 29, 2020 1:13am Oct 29, 2020 1:13am
Quoting hasib
{quote} Its true H4 gives good return than H1. If you look at the picture, you will see MACD is not performed well I mean MACD doesn't have enough edge according to the backtest result. On the other hand, Stochastics have a little bit of edge over the years in the market. I just wanted to know TDI have a little bit of edge or not, Probably it has. Let me ask the questions in a different way, If you have asked to choose one from these 3 indicators (Stochastics, MACD, TDI) which one you will choose and why?
to know the use of an indicator, one must have full knowledge and be intimate enough with it to know its idiosyncrasy.
macd is mainly used for divergences, hidden and regular, along with osma. which means it's not lagging indicator.
and i wonder if one can back test that other than by sight?
the other is buy zone when macd above zero, sell zone below zero, not as macd signal cross.
ITB - Seeing Orderliness amongst 'Randomness'
  • #110,265
  • Oct 29, 2020 2:35am Oct 29, 2020 2:35am
Quoting emmanuel7788
{quote} both USDCHF and CHFJPY H4 trades are not the best setup criteria and higher risk. - HA PA is small body and there is no swing reversal pattern (PCRF or 5bar swing high/low) - the most recent swing USDCHF is UP and CHFJPY is DOWN - the market type USDCHF Trend 2/8 is bearish, the TDIC1 Daily is bullish - CHFJPY Trend 2/8 is sideways, the TDIC1 Daily is bearish {image} {image}
Thank you mate, I appreciate you looking at my demos and sharing your insight with me. I think I need to get stuck into this a bit more and do some work. DO you have any posts top of mind that I can refer to that would be helpful to get a deeper understanding of the TMS methods? I will also need to do some more work on Average Price Candles as well.
  • #110,266
  • Oct 29, 2020 3:26am Oct 29, 2020 3:26am
Quoting hasib
I found this backtest results in Online, Backtest is done in Stock. I get surprised,Stochastics indicator outperformed MACD. According to these results, MACD is not a good indicator. Here, Did anyone backtest the TDI indicator, what is the performance of the TDI Indicator.
Anytime TDI with post#647.
The edge you seek is the angle of TDI green when it is about to cross red:
- Stoch confirm direction.
-- at the beginning of that new bar.
What will make or break you is in how you understand post#647
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  • #110,267
  • Oct 29, 2020 3:50am Oct 29, 2020 3:50am
EURAUD Oct 29 LO H1 completion in 10 mins

- will this be the PCRF ?

- wait for the TDI green price line to show the MOMENTUM.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Oct 29 LO completion PCRF 29-10-2020 4-48-13 pm.png Size: 26 KB


- what that will break you is not just Post#647...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,268
  • Oct 29, 2020 4:04am Oct 29, 2020 4:04am
Quoting emmanuel7788
EURAUD Oct 29 LO H1 completion in 10 mins - will this be the PCRF ? - wait for the TDI green price line to show the MOMENTUM. {image} - what that will break you is not just Post#647...
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Oct 29 LO completion PCRF 29-10-2020 4-48-13 pm.png Size: 26 KB


EURAUD Oct 29 9AM London LO1 H4 H1 and M15

- kind of 'iffy' case

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Oct 29 H4 H1 M15 LO1 29-10-2020 5-01-32 pm.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,269
  • Edited 4:57am Oct 29, 2020 4:31am | Edited 4:57am
Quoting Inthebox
{quote}...macd is mainly used for divergences, hidden and regular, along with osma. which means it's not lagging indicator...
@Inthebox -- boy oh-boy, you couldn't be more wrong. This is a perfect example of how misinformation is spread.

Every indicator that uses some form of moving average is, by definition, a lagging indicator. Probably > 90% of the indicators most of us use include some form of moving average, though they may not include "moving average" in their name -- e.g. Bollinger Bands, CCI, RSI, TDI, Stochastics and so on. The reason so many indicators rely on a moving average is that it helps to smooth the data -- exposing certain patterns that our brains would otherwise miss in the chaos of bullish and bearish bars. And just as in real-life, everything is a trade-off. The cost of that smoothness is the indicator's algebra must introduce a lag. There is no free lunch. You can't argue with algebra. I mean, you could, but you'd be wrong...

EDIT: Any indicator that includes a "Period" or "Length" setting in its input dialog uses some form of moving average.
  • #110,270
  • Oct 29, 2020 4:34am Oct 29, 2020 4:34am
Quoting hasib
{quote} Its true H4 gives good return than H1. If you look at the picture, you will see MACD is not performed well I mean MACD doesn't have enough edge according to the backtest result. On the other hand, Stochastics have a little bit of edge over the years in the market. I just wanted to know TDI have a little bit of edge or not, Probably it has. Let me ask the questions in a different way, If you have asked to choose one from these 3 indicators (Stochastics, MACD, TDI) which one you will choose and why?
I have compared those three on the same chart with a variety of settings. I can assure you that all three of them, with the right selection of parameters, will show essentially the same information.

As I already posted, it is not so much the indicator itself, it is how YOU use it in YOUR system. So, I can say that I can use any of the three with comparable results. I configure them to display information in a mulit-TF-like fashion which I am sure was NOT the way any of those evaluations that you posted used them.

Several workers in a factory are producing the same widgets. Person A, B, and C prepare about X number of widgets per hour while person D prepares 10X number of widgets in the same amount of time with the same equipment.

Management was reviewing the productivity and decided that everyone must switch to using the equipment that Person D uses. Hmmm, but everyone is ALREADY using the same equipment!
To free Gazans of Hamas, use whatever it takes.
  • #110,271
  • Oct 29, 2020 4:38am Oct 29, 2020 4:38am
Quoting Inthebox
{quote} to know the use of an indicator, one must have full knowledge and be intimate enough with it to know its idiosyncrasy. macd is mainly used for divergences, hidden and regular, along with osma. which means it's not lagging indicator. and i wonder if one can back test that other than by sight? the other is buy zone when macd above zero, sell zone below zero, not as macd signal cross.
You have done an excellent job of presenting DOGMA. Now if you expand your thinking, maybe you will find a more CREATIVE way of using the indicators so that they provide a better edge.
To free Gazans of Hamas, use whatever it takes.
  • #110,272
  • Oct 29, 2020 5:13am Oct 29, 2020 5:13am
Quoting emmanuel7788
{quote} {image} EURAUD Oct 29 9AM London LO1 H4 H1 and M15 - kind of 'iffy' case {image}

EURAUD Oct 29 London 10AM LO2

- that 'iffy' case turn out quite nicely with small profit.

- now I see a 5-bars swing low

- H1 slope tweek from 5 to 6 is good enough for me to make a re-entry

no matter how you size your chart sub-window, the TMSTDI WatchDog will still calculate the RSi price line slope.

Read these posts:

https://www.forexfactory.com/thread/...16#post4773716

https://www.forexfactory.com/thread/...37#post4773837

then follow the posts by the member plamendp. He explained the slope calculation and others. I prefer to follow the slope value calculation instead of the 12-2 and 4-6 clock face. Price action is more important than the slope value. When you see a trade setup according to the conditions in Post#261, then any slope value above 4 and below 10 would be ideal for a possible trade decision. The size of the HA candle has to be considered too. Avoid those big candles.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Oct 29 LO2 UK 10AM 29-10-2020 6-06-14 pm.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,273
  • Edited 6:00am Oct 29, 2020 5:47am | Edited 6:00am
Quoting Tekkies
{quote} Anytime TDI with post#647. The edge you seek is the angle of TDI green when it is about to cross red
What is that "edge" in numbers? So a good angle means = 51% profitable instead of just 50%? Over what period of time? On what time frame then you collected such numbers, because the TDI angle will be different attached to different chart time periods? Profitable for what then, 1 Pip, 2 Pips, 3 Pips?

Have you collected some statistics backing up these pure claims that such edge really exists in that magic angle of the TDI or just "blindly" followed some person like the OP who said so but probably never collected nor shared any of these statistics in this thread that could be understood?

To me all this is not what i would understand under the slogan of "trading made simple". Nor does it helps you with any of the real struggle you will have by trading real money on the line. Not pennies, not monolopy coins. The moment you put the trade on / press the button, all this goes out the window and the only really important thing matters is then how you control your emotions, risk/money (managing the trade).

Again, i donīt want to sound too negative again by all the indicators here and thousand of other rules discussed which you first need to add to make it even work. With "work" here i mean that you donīt end up having 7 non-profitable out of 10 entry signals indicated by the TDI + what ever else rules you added. Or that you then at least could say these 3 signals that were good would have easily compensated for the 7 losers, by having some clear defined SL/TP values you could repeat do place over the next 1000 trades and you are making money.

Because if not, then there is nothing "simple" in it? You could flip a coin that would be more simple and probably lead to the same success rate (if you then managed those trades right).
  • #110,274
  • Oct 29, 2020 6:10am Oct 29, 2020 6:10am
Quoting lddd
{quote} What is that "edge" in numbers? So a good angle means = 51% profitable instead of just 50%? Over what period of time? On what time frame then you collected such numbers, because the TDI angle will be different attached to different chart time periods? Profitable for what then, 1 Pip, 2 Pips, 3 Pips? Have you collected some statistics backing up these pure claims that such edge really exists in that magic angle of the TDI or just "blindly" followed some person like the OP who said so but probably never collected nor shared any of these statistics...
You seem like, Algo trader, Right. I see indicators as tools, there are bad tools there are less bad tools, there are good tools and there are less good tools.
You are thinking logically, But I can't agree with you about flip a coin, flip a coin will not give us good result here in FF some alog traders prove it. now I can't remember thread name. some indicators have edge, you can say small but some indicators have edges It is well documented and proven.
MA provides the market's current direction and strength.
  • #110,275
  • Oct 29, 2020 6:20am Oct 29, 2020 6:20am
Quoting lddd
{quote} What is that "edge" in numbers? So a good angle means = 51% profitable instead of just 50%? Over what period of time? On what time frame then you collected such numbers, because the TDI angle will be different attached to different chart time periods? Profitable for what then, 1 Pip, 2 Pips, 3 Pips? Have you collected some statistics backing up these pure claims that such edge really exists in that magic angle of the TDI or just "blindly" followed some person like the OP who said so but probably never collected nor shared any of these statistics...
Hi Iddd.
How many times are the two of us going to walk the same road over and over? Read our own "old" post's, nothing has changed.
Have you done what I suggested all those months back, you would have had your statistics you so desperately seek.
  • #110,276
  • Oct 29, 2020 6:28am Oct 29, 2020 6:28am
Quoting hasib
{quote} You seem like, Algo trader, Right. I see indicators as tools, there are bad tools there are less bad tools, there are good tools and there are less good tools. You are thinking logically, But I can't agree with you about flip a coin, flip a coin will not give us good result here in FF some alog traders prove it. now I can't remember thread name. some indicators have edge, you can say small but some indicators have edges It is well documented and proven.
Trust me you can be very profitable by just flipping a coin randomly at what ever time every day and then you enter long on head or short on tail. What you do THEN after you entered is what makes it profitable or not. Its also not gambling because in a gamble you have a start and you have an end. What you do in the meantime exit for +1 Pip the moment the trade is in profit or do not exit and wait for it turning to a loser by letting in run -50 Pips against you is far more important.

Its probably the same with indicators. They might only have the same 50% edge over the long run. If it would be any better any person could be rich by just following this indicator and could even sleep well putting billions of dollars at risk because nothing could happen to make you lose that bet.

My point here only is, flipping a coin could be even more simple then instead of following the TDI added by dozens of complicated only subjective more rules maybe maybe not giving you then a 60% edge.

I canīt see whats "simple" here and all these fancy sounding words like "simple" are not even backed by data. Thats what i have a problem with as this completely is misleading new traders who might think that following such indicator + subjective set of rules would be everything they need to be profitable long term.
  • #110,277
  • Oct 29, 2020 6:33am Oct 29, 2020 6:33am
Quoting Tekkies
{quote} Hi Iddd. How many times are the two of us going to walk the same road over and over? Read our own "old" post's, nothing has changed. Have you done what I suggested all those months back, you would have had your statistics you so desperately seek.
No thanks i am doing very fine doing my own thing, no indicator needed. I was just asking and commenting about that TDI angle again because you tend to mislead people here without giving them any kind of data backing up such claims that good TDI angle would give any kind of edge.

Now you can come up with again like "oh it canīt be backtested" because its a lagging indicator and will be different on a live chart.

Its not me saying that there is an edge, its you. So you should be in the position to back your claims instead of posting cherry picked trades.

But i know this is the thread without any transparency and you wonīt see anything like that in the next 100 years here.

Just saying,
  • #110,278
  • Oct 29, 2020 7:05am Oct 29, 2020 7:05am
Quoting emmanuel7788
{quote} EURAUD Oct 29 London 10AM LO2 - that 'iffy' case turn out quite nicely with small profit. - now I see a 5-bars swing low - H1 slope tweek from 5 to 6 is good enough for me to make a re-entry no matter how you size your chart sub-window, the TMSTDI WatchDog will still calculate the RSi price line slope. Read these posts: https://www.forexfactory.com/thread/...16#post4773716 https://www.forexfactory.com/thread/...37#post4773837...

EURAUD Oct 29 London session NY Open

- 2 hours later another new H1 with slope 7.7

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Oct 29 LON 1200 29-10-2020 8-02-05 pm.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,279
  • Oct 29, 2020 7:11am Oct 29, 2020 7:11am
Quoting lddd
{quote} No thanks i am doing very fine doing my own thing, no indicator needed. I was just asking and commenting about that TDI angle again because you tend to mislead people here without giving them any kind of data backing up such claims that good TDI angle would give any kind of edge. Now you can come up with again like "oh it canīt be backtested" because its a lagging indicator and will be different on a live chart. Its not me saying that there is an edge, its you. So you should be in the position to back your claims instead of posting cherry...
@lddd -- there is something called 'statistics' and 'probability' -- I suspect these are new terms for you. You should check them out sometime. It's not about a single trade -- rather, it's about a 100 trades. In the context of a single, isolated trade -- then, yes, an 'edge' doesn't apply. But in the context of 100 trades then, yes, an 'edge' applies. When you say 'edge' think 'probability'. Indicators, used in the right hands, can provide an 'edge' when applied consistently over many trades.

@lddd -- I've seen enough of your posts to know you won't understand. I'm commenting for the sake of others -- and in support of @Tekkies.
  • #110,280
  • Oct 29, 2020 7:15am Oct 29, 2020 7:15am
Quoting robots4me
{quote} @Inthebox -- boy oh-boy, you couldn't be more wrong. This is a perfect example of how misinformation is spread. Every indicator that uses some form of moving average is, by definition, a lagging indicator. Probably > 90% of the indicators most of us use include some form of moving average, though they may not include "moving average" in their name -- e.g. Bollinger Bands, CCI, RSI, TDI, Stochastics and so on. The reason so many indicators rely on a moving average is that it helps to smooth the data -- exposing certain patterns that our brains...
"@Inthebox -- boy oh-boy, you couldn't be more wrong. This is a perfect example of how misinformation is spread."

@robots4me -- what a strong statement you had made.
you had gone around belittle others in this and other threads as if you know it all.
oh you can make any statements you want, anyone can be a keyboard warrior. behind internet most do not actually know each other.

i noticed that you had deleted your previous conversations with me just a couple of days ago. hope it's not your practice.
make sure you do not delete this one ok?

you carry on to believe what you believe, i on what i believe.
you carry on to walk on your highway, i on my own beaten path.
we have zero nothing to do with each other and need not converse with you anymore in future.
my last post to you.

the chart shows regular/ hidden divergence as leading indicator.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
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