MADdash (Moving Average Distance)
New MetaTrader 5 version Changes: Added Moving Average parameters for multiple time-frames Added ChartOpen() with template parameter for when clicking on pair values {image} {file}
{quote} New MetaTrader 5 version Added Input options for all MetaTrader 5 Timeframes, i.e. for those not available by default with MetaTrader 4. {image} {file} {file}
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%...
{quote} Hello, my friend. Only now I have noticed this post of yours. Very enlightening, and it put a smile of my face thinking of the detractors who don't even bother testing how the indicator behaves in a live environment, and long enough to make a judgement.
@919gilead again. Following up to my above post, in the hope that you will find some time to reply, I know you have been asked already and I'm aware that it's just a personal choice, but would you be so kind to share your MA settings for the dashboard? By examining better your pictures, I seem to gather that they must be very short if after a few minutes on the same pair the trend would reverse completely allowing you to take opposite winning positions. That looks like a very quick way to scalp,...
{quote} Thanks Hammertop for your kind words. I do use a very tight SL of 10 - 12.5 pip but don't have a fixed TP although initial floating TP on a 1:1 RR is 10 - 12.5 pip. I therefore begin to reduce risk as soon as trade is in profit, and of course you can expect that trade will close out with any small pullback but it works for me as I am prepared to take whatever the market gives me. Cheers
). If I can ask one more tip: if the trade starts to go against you before you have had the chance to move your stop, do you cut your loss ot do you hold until you're stopped at the original SL? Would you take into consideration a fast turning of the dashboard maybe? I'm impressed not only by the hit rate but by the tiny losses reported as well. A further thank you.
{quote} I really appreciate your kind feedback, thanks very much. That provides an improved perspective (already got a winner
