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MADdash (Moving Average Distance)

  • #3,261
  • Dec 1, 2021 1:48am Dec 1, 2021 1:48am
[quote=AnAliens;13807466]{quote} Hi Erebus Greetings ! Nice to see your tweaking with MAD Dash May we have your little help in setting up the same by tweaking EMA. ? As we tried to set 12 EMA for H1, H4, D1 with close price (default is typical price)......, is it right, as per attached settings ? Also please advise ATR period set ? 14 is ok? We appreciate you feedback in advance /quote]

ATR is left as default, I don't think it affects the display, any experts here?

Settings below, you need to improve

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  • #3,262
  • Dec 1, 2021 6:37am Dec 1, 2021 6:37am
[quote=Erebus;13807532]
Quoting AnAliens
{quote} Hi Erebus Greetings ! Nice to see your tweaking with MAD Dash May we have your little help in setting up the same by tweaking EMA. ? As we tried to set 12 EMA for H1, H4, D1 with close price (default is typical price)......, is it right, as per attached settings ? Also please advise ATR period set ? 14 is ok? We appreciate you feedback in advance /quote] ATR is left as default, I don't think it affects the display, any experts here? Settings below, you need to improve {image}
hello friend, i want to try using it for daytrade... it would be a good idea to use this same configuration for h4, h1, m15??
  • #3,263
  • Dec 1, 2021 5:40pm Dec 1, 2021 5:40pm
[quote=1337;13807884]
Quoting Erebus
{quote} hello friend, i want to try using it for daytrade... it would be a good idea to use this same configuration for h4, h1, m15??
I would NOT go down to the 15M, it will change too often

Maybe try Day, 4H and 1H

Watch that for a while and see if it fits the price action you are seeing

Good Luck
It takes a lot for me to IGNORE you, but you can try.
  • #3,264
  • Dec 2, 2021 10:49pm Dec 2, 2021 10:49pm
[quote=Erebus;13807532]
Quoting AnAliens
{quote} Hi Erebus Greetings ! Nice to see your tweaking with MAD Dash May we have your little help in setting up the same by tweaking EMA. ? As we tried to set 12 EMA for H1, H4, D1 with close price (default is typical price)......, is it right, as per attached settings ? Also please advise ATR period set ? 14 is ok? We appreciate you feedback in advance /quote] ATR is left as default, I don't think it affects the display, any experts here? Settings below, you need to improve {image}
Hi Erebus

Thanks for your humble support ! We Appreciate !

We will check out as per your settings !
  • #3,265
  • Dec 3, 2021 2:33am Dec 3, 2021 2:33am
[quote=AnAliens;13810295]
Quoting Erebus
{quote} Hi Erebus Thanks for your humble support ! We Appreciate ! We will check out as per your settings !
Sure no problem, again, it is just isolating each currency to make the Alerts stand out.

Here is the AUD, very weak going into NFP news later, so beware, could be good or very bad.

And the rest of the settings.

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  • #3,266
  • Dec 3, 2021 3:08am Dec 3, 2021 3:08am
[quote=Erebus;13810448]
Quoting AnAliens
{quote} Sure no problem, again, it is just isolating each currency to make the Alerts stand out. Here is the AUD, very weak going into NFP news later, so beware, could be good or very bad. And the rest of the settings. {image}{image}
Hi Erebus

Yes, we did checked ! just to know, how many pips down we should open order?

Also we observed, many times it shows buy/sell alert but when we check the chart, mostly its on reverse retesting or like that.

i.e. in dashboard it shows SELL alert, while in Chart, it started to up retesting. after touching H1 2/8 to H1 3/8 murrey math. then alert will disappear from dashboard.

is there any way to identify the sure shot entry and confirmation of 20-30 pips up/down?

We would be pleased to have your feedback !

Thanks in Advance !
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  • #3,267
  • Dec 3, 2021 3:48pm Dec 3, 2021 3:48pm
Quoting AnAliens
Quoting Erebus
{quote} Hi Erebus Yes, we did checked ! just to know, how many pips down we should open order? Also we observed, many times it shows buy/sell alert but when we check the chart, mostly its on reverse retesting or like that. i.e. in dashboard it shows SELL alert, while in Chart, it started to up retesting. after touching H1 2/8 to H1 3/8 murrey math. then alert will disappear from dashboard. is there any way to identify the sure shot entry and confirmation of 20-30 pips up/down? We would be pleased to have your feedback ! Thanks
...
1. how many pips down we should open an order?

Let's see, you're in India, you started trading last month, and you want it served to you on a silver plate?

Sorry, FX doesn't be so kind, you have to do the work yourself.

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2. many times it shows a buy/sell alert but when we check the chart, mostly on reverse retesting or like that. i.e. in the dashboard, it shows SELL alert, while in Chart, it started to up retesting

Well, that's what FX does, moves up and down in waves, small waves, big waves, waves your money goodbye... You didn't mention what time frame are you trading?

By the way, the Dashboard you posted is not the simple method we are discussing here, you have 15 minutes on there? that will upset the Buy / Sell Alerts. See your list of Alerts? Too many! Focus on 1 currency per chart as I described, e.g. AUD

3. after touching H1 2/8 to H1 3/8 murrey math. then the alert will disappear from the dashboard.

This is not about Murrey Math, please go to another thread about that. By the way, I met him many years ago, a very nice gentleman, entertaining as well, but I think he has reached his use-by date. Your alerts disappeared as I already said, you have 15 minutes on there.

4. is there any way to identify the sure-shot entry and confirmation of 20-30 pips up/down?

You wish, I wish, all of Forex Factory is wishing, maybe Santa Claus will bring us a huge present of Crystal Balls for Forex Forecasting

But, again, you never mention your trading time frame? Please try to present some details and think about what are you asking with your questions, lucky it is the weekend otherwise I cannot afford the time.

I already said the Dashboard settings, 1 week, 1 day, 4-hour with 5 EMA and 12 EMA. See where AUD ended up?

Check the charts of the AUDUSD that I pointed out, please show me where you got stopped out; if that was your trading plan, then I can't help. You need to study all the charts, watch price action for years, good luck.

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  • #3,268
  • Dec 4, 2021 1:44am Dec 4, 2021 1:44am
Quoting Erebus
{quote}{quote} 1. how many pips down we should open an order? Let's see, you're in India, you started trading last month, and you want it served to you on a silver plate? Sorry, FX doesn't be so kind, you have to do the work yourself. {image} 2. many times it shows a buy/sell alert but when we check the chart, mostly on reverse retesting or like that. i.e. in the dashboard, it shows SELL alert, while in Chart, it started to up retesting Well, that's what FX does, moves up and down in waves, small waves, big waves, waves your money goodbye... You...
Hi Erebus

Bwahhaa ! its Not little weird to respond someone?, is seeking a little help by your experience with MAD Dashboard.

So you trying to be superficies? pl. be humble and polite when you support someone. you are not supporting for any obligation. If you don't want to support, humbly deny. What's reason to say many bla bla? if it's suffice your super ego, then continue .........

We just like to update our experience with MAD Dashboard nothing else.

How you can underestimate everyone, if they are new to something they want to try? May be you tried MAD Dashboard more than anyone by tweaking setting than many other. So you become millionaire?

it doesn't mean they do not know about trading. We are economy and financial analyst and know every inside stories of each country and Forex manipulation around more than you imagine.

Did we mentioned to write our trading plan?

Sorry, we did seek your support and you trying to be super hero.

Thanks for your support, we appreciate
  • #3,269
  • Dec 4, 2021 5:31pm Dec 4, 2021 5:31pm
Quoting AnAliens
{quote} Hi Erebus Bwahhaa ! its Not little weird to respond someone?, is seeking a little help by your experience with MAD Dashboard. So you trying to be superficies? pl. be humble and polite when you support someone. you are not supporting for any obligation. If you don't want to support, humbly deny. What's reason to say many bla bla? if it's suffice your super ego, then continue ......... We just like to update our experience with MAD Dashboard nothing else. How you can underestimate everyone, if they are new to something they want to try? May...
Wow, don't be such a snowflake

And forget about telling me what to do

Glad to be of help, just ask sensible questions is all I'm saying

It takes a lot for me to IGNORE you, but you can try.
  • #3,270
  • Dec 12, 2021 5:50am Dec 12, 2021 5:50am
Hi Erebus,

saw this ADR indicators in ur page

how to get this ADR indicators?

thank you.



https://www.forexfactory.com/attachm...3&d=1325299198
  • #3,271
  • Dec 13, 2021 4:56am Dec 13, 2021 4:56am
Quoting rioz81
Hi Erebus, saw this ADR indicators in ur page how to get this ADR indicators? thank you. {image}
Here , in Post # 1

https://www.forexfactory.com/thread/...-adr-indicator

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  • #3,272
  • Dec 14, 2021 9:35pm Dec 14, 2021 9:35pm
See if I can pick the turning point as I do in most trades



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  • #3,273
  • Dec 16, 2021 2:54am Dec 16, 2021 2:54am
Working for me today



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  • #3,274
  • Dec 31, 2021 6:28am Dec 31, 2021 6:28am
Quoting Erebus
Working for me today {image}
hi
It would be great if maddash arrows are based on fractals
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  • #3,275
  • Edited 6:39pm Jan 8, 2022 12:08pm | Edited 6:39pm
Someone said the MADdash indicator is a useless indicator
Quoting wansiman
{quote} Useless indicator
Another person said this method is unreliable
Quoting Skyrider60
Measuring the strength of currencies by the distance from MA is a very controversial and poorly substantiated method. This method is unreliable, so there are a lot of false signals. Look for another method.
He says again, You are measuring emptiness
Quoting Skyrider60
You are measuring emptiness! This indicator can show the maximum strength of one currency and the minimum of another, but this pair will not give movement.
And Inthebox rightly said, .... "it's due to our ignorance and lack of experience and knowledge on the tools that we use that lead us to have a one sided opinion"
Quoting Inthebox
One should refrain from making sweeping statements. Most of the times, it's due to our ignorance and lack of experience and knowledge on the tools that we use that lead us to have a one sided opinion.

The same MADdaah indicator in the last week of December 2021
28 trades with only one loss; 2 trades that did not cover commission and 25 profitable trades for 70 pip profit with a profit factor of 10.16 and 89.3% win rate.
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Trades from yesterday, January 7th
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Please try reading the thread from beginning and adapt what you find useful to your own trading system, and if it is not useful to you, no problem. But some of us are profitably using it.

Happy New Year Traders.

Cheers
Low Risk Low Stress High Reward High Probability Trades
  • #3,276
  • Edited 1:43pm Jan 8, 2022 1:32pm | Edited 1:43pm
Quoting 919gilead
Someone said the MADdash indicator is a useless indicator {quote} Another person said this method is unreliable {quote} He says again, You are measuring emptiness {quote} And Inthebox rightly said, .... "it's due to our ignorance and lack of experience and knowledge on the tools that we use that lead us to have a one sided opinion" {quote} The same MADdaah indicator in the last week of December 2021 28 trades with only one loss; 2 trades that did not cover commission and 25 profitable trades for 70 pip profit with a profit factor of 10.16 and 89.3%...
The king of MAs is here
Welcome back Sir even if it's just to say Hi.
Happy new years

PS: how is performing the indicator you coded for yourself few years back?
If I'm not mistaken, it was about currency correlations.
  • #3,277
  • Jan 8, 2022 2:29pm Jan 8, 2022 2:29pm
Quoting 919gilead
Someone said the MADdash indicator is a useless indicator {quote} Another person said this method is unreliable {quote} He says again, You are measuring emptiness {quote} And Inthebox rightly said, .... "it's due to our ignorance and lack of experience and knowledge on the tools that we use that lead us to have a one sided opinion" {quote} The same MADdaah indicator in the last week of December 2021 28 trades with only one loss; 2 trades that did not cover commission and 25 profitable trades for 70 pip profit with a profit factor of 10.16 and 89.3%...

although i am not one of those who think its not working, but i will be happy to find a good setting,
Sir please with due respect kindly share your template, please, it may help some of us who have settings issue
  • #3,278
  • Jan 8, 2022 7:21pm Jan 8, 2022 7:21pm
Quoting Samalin
{quote} although i am not one of those who think its not working, but i will be happy to find a good setting, Sir please with due respect kindly share your template, please, it may help some of us who have settings issue
Hi Samalin,

My template will not help you as you may not trade the way I trade. There is a reason for every MA on my dashboard. For instance, I have 2 M1 MAs in my MADdash and this is to help recognize when there is a divergence or pullback in price from the main trend TF. If you do not know the reasons why I use these MAs you will be frustrated but if you read my postings you will find out when, why and how I look for and enter trades. I trade what I call THE NOW TREND and this is clearly different from the way my friend, Erebus trades and yet we both use the indicator profitably. Also the settings I use is adjusted (font) to fit into a small space on the computer I use with other indicators.

Don't be afraid to explore the different settings until you get what you want. Erebus has already explained in posts 3261 and 3265 how to configure the critical areas of the dashboard; and you can use the font size, screen position and X/Y offset to control the size and position of the indicator. If you have other questions, check the frequently asked questions in post 734 and if you still have other questions that have not been dealt with, which I doubt, we will be glad to help out

Cheers and thank you
Low Risk Low Stress High Reward High Probability Trades
  • #3,279
  • Jan 9, 2022 4:51pm Jan 9, 2022 4:51pm
Quoting 919gilead
Someone said the MADdash indicator is a useless indicator {quote} Another person said this method is unreliable {quote} He says again, You are measuring emptiness {quote} And Inthebox rightly said, .... "it's due to our ignorance and lack of experience and knowledge on the tools that we use that lead us to have a one sided opinion" {quote} The same MADdaah indicator in the last week of December 2021 28 trades with only one loss; 2 trades that did not cover commission and 25 profitable trades for 70 pip profit with a profit factor of 10.16 and 89.3%...
Thanks for your contribution and help in the thread @919gilead
Facts keep trying till you find your strategy am still trying to improve on mine always.

My 2cents one should share a better way along with their criticism.
  • #3,280
  • Edited 9:10pm Jan 9, 2022 8:52pm | Edited 9:10pm
there are so many ways to use this. one has to find his own way.
it's all according to individual style. no one way is right.
one way definitely cannot cater for scalpers, day traders, swing traders, investors ........... all at the same time.
so one should not use other person's template to trade. how would you know what kind of trader he is?
therefore use it according to your own temperament and personality.

just giving an example of simple use of moving average to gauge the momentum.
m5 x 72 sma = 6h, m15 x 96 sma = 1d ......etc.
so one can see that it is for monitoring higher time frames.
there are 3 alerts. does one trade all of them?
a little common sense has to used, but it is not so common most of the time.
no way that i am going to buy gbpusd now into the resistance.

then there are others who like to use smaller time frames and moving averages.
those are short term indications for scalpers, day traders lasting for a couple of hours.
and it's best use with trend for sessions that has high volume during london and new york.

please use this with a mentality that it's not foolproof because there's always news happening somewhere.
it will be considered good if it has a success rate of 70%.
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