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Trend Cycle Entry

  • #281
  • Mar 12, 2022 6:09am Mar 12, 2022 6:09am
In the Short Trade here, you can see that The Trend Cycle indicator will also alert you to exit.

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  • #282
  • Mar 12, 2022 7:42am Mar 12, 2022 7:42am
So you only take a trade when the dots appear
  • #283
  • Mar 12, 2022 10:21am Mar 12, 2022 10:21am
Thanks for sharing Derek.

What i do see when i backtest it, is that it is all repainting (only the yellow/white dot indicator is not repainting).

That is a huge difference between this system and WickedDaddy's original system.

If it works for you: nice But i know repainting indicators play a different role than non-repainting indicators, so that people know that it is not suited for everyone.
  • #284
  • Mar 12, 2022 11:16am Mar 12, 2022 11:16am
Quoting TheJube
Thanks for sharing Derek. What i do see when i backtest it, is that it is all repainting (only the yellow/white dot indicator is not repainting). That is a huge difference between this system and WickedDaddy's original system. If it works for you: nice But i know repainting indicators play a different role than non-repainting indicators, so that people know that it is not suited for everyone.
Forward test it on demo and see how it works. I develop indicators/EAs on MT4/5 and the standard question everyone asks about any indicator is "does it repaint" like it's a smart question to ask. Many indicators need to repaint because data changes over time. It's not wrong for an indicator to repaint depending on what it is actually doing. Also, many people confuse repainting with dynamic data resizing in an indicator window. The windows are only so high/wide so, if the data coming in exceeds the current high/low values, the indicator windows will adjust its rendered values to accommodate the new information. It looks like the earlier values are repainting but they aren't - they are just visually recalibrating to the new X/Y axis values.
  • #285
  • Mar 12, 2022 11:46am Mar 12, 2022 11:46am
Quoting Geester
{quote} Forward test it on demo and see how it works. I develop indicators/EAs on MT4/5 and the standard question everyone asks about any indicator is "does it repaint" like it's a smart question to ask. Many indicators need to repaint because data changes over time. It's not wrong for an indicator to repaint depending on what it is actually doing. Also, many people confuse repainting with dynamic data resizing in an indicator window. The windows are only so high/wide so, if the data coming in exceeds the current high/low values, the indicator windows...
I understand your point. I know some indicators repaint some don't, and some repaint differently from others (Axis, recalculated). My point is more, if i compare this to the original system: Bollinger bands/ema's/StochRSI stay on the exact same place, all the time. They of course develop on a newly formed bar, but the historical value stays the same.

With Dereks indicators, i do really see that for example the value of the bands in the cycle indicator, change. The Chaos-indicator repaints/vanishes sometimes after it has been painted. This means: a chart seen now will be completely different than 10 minutes ago, and that is a huge difference in how you trade compared to a systematical trading approach that WickedDaddy uses.

Im not saying it won't work, all i say is that if you see a nice screenshot of a chart of Derecks system, in hindsight it looks good, but in the moment it all changes. And that is not happening with charts that use the WickedDaddy system.
  • #286
  • Mar 13, 2022 1:51am Mar 13, 2022 1:51am
Quoting anthonio
So you only take a trade when the dots appear
No. Re-read. Look a the Cycle Trend indi. That is what it's all about. But the Cycle Trend indi is a place not a point. Chaos and Magic Dot give you a point. It's still a Dart board, but at least you can see the road map.
  • #287
  • Mar 13, 2022 1:55am Mar 13, 2022 1:55am
Quoting TheJube
Thanks for sharing Derek. What i do see when i backtest it, is that it is all repainting (only the yellow/white dot indicator is not repainting). That is a huge difference between this system and WickedDaddy's original system. If it works for you: nice But i know repainting indicators play a different role than non-repainting indicators, so that people know that it is not suited for everyone.
Chaos and also Magic Dots re-paint. It doesn't matter though. An indicator that doesn't re-paint still shows up, but as wrong. Right? So what's the difference. It's just a point. Don't stress about re-paint issues. This is a price action method visualised.
  • #288
  • Mar 13, 2022 1:56am Mar 13, 2022 1:56am
Quoting Geester
{quote} Forward test it on demo and see how it works. I develop indicators/EAs on MT4/5 and the standard question everyone asks about any indicator is "does it repaint" like it's a smart question to ask. Many indicators need to repaint because data changes over time. It's not wrong for an indicator to repaint depending on what it is actually doing. Also, many people confuse repainting with dynamic data resizing in an indicator window. The windows are only so high/wide so, if the data coming in exceeds the current high/low values, the indicator windows...
I think you nailed it.
  • #289
  • Mar 13, 2022 3:25am Mar 13, 2022 3:25am
Lets apply the perfectly famous zig zag to the chart. It's by no mistake that traders use this re-paint indi to find TRENDS. Not entry points. A picture is worth a thousand words:

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  • #290
  • Mar 13, 2022 3:34am Mar 13, 2022 3:34am
It is the pursuit of the perfect trade that clouds the cycle and a good enough trade within it. Use The Cycle Identifier, Stochastics, MACD, Zig Zag, RSI, or what ever. In the end you just need a part of the trend that they show you, You can NEVER get it all. Good luck trader friends. I'm going to leave this now except for answering questions as this is WickedDaddys thread.
  • #291
  • Mar 13, 2022 3:41am Mar 13, 2022 3:41am
Sorry WickedDaddy, but if I may add one last thing to your thread. Traders will find the Break Even indi in my .zip file. That is used when the trade is taken, but price still goes against you. You can re-enter again with another trade and the Break Even indi will show you the Break Even point between multiple entries. A different discussion though.
  • #292
  • Mar 13, 2022 4:30am Mar 13, 2022 4:30am
Interesting system. For those that need bollinger band alert for MT4 and MT5:

https://www.earnforex.com/metatrader...reakout-alert/
  • #293
  • Mar 13, 2022 9:20am Mar 13, 2022 9:20am
Wicked Daddy

Thank you for starting this thread and sharing your trading system. That's very generous of you. The alerts are key for me as I can't watch the market while I am at work. I can take trades, I just can't watch the market during working hours. I also see a couple of elements from the system used in Barry Burns book "Trend Trading for Dummies".
  • #294
  • Mar 14, 2022 3:44am Mar 14, 2022 3:44am
Quoting derekw
Lets apply the perfectly famous zig zag to the chart. It's by no mistake that traders use this re-paint indi to find TRENDS. Not entry points. A picture is worth a thousand words: {image}

Hello derekw, How can you rely on your trend cycle indicator ? It's position differs by zooming in and out !

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  • #295
  • Mar 14, 2022 4:05am Mar 14, 2022 4:05am
Hi WD - Looking forward to trying your method out, am I right in thinking you'd take up the position attached as a buy?

Cheers.
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  • #296
  • Mar 14, 2022 4:14am Mar 14, 2022 4:14am
Quoting kasrafx
{quote} Hello derekw, How can you rely on your trend cycle indicator ? It's position differs by zooming in and out ! {image}{image}
That is true. Good for spotting. Your bottom image is the correct zoom. Zoom and TFs will alter the picture. But go back in time and see if its working for you.
  • #297
  • Mar 14, 2022 4:31am Mar 14, 2022 4:31am
Quoting Sharpyyyy
Hi WD - Looking forward to trying your method out, am I right in thinking you'd take up the position attached as a buy? Cheers. {image}
I'm not WD, but to me it's not the 1st cycle.
  • #298
  • Mar 14, 2022 7:03am Mar 14, 2022 7:03am
Quoting Sharpyyyy
Hi WD - Looking forward to trying your method out, am I right in thinking you'd take up the position attached as a buy? Cheers. {image}
That is indeed the 4th cycle. The trend has already been going on for a while now on this timeframe. So i think WD wouldn't take it as it is, but he can say that for himself of course
  • #299
  • Mar 14, 2022 7:05am Mar 14, 2022 7:05am
Quoting kasrafx
{quote} Hello derekw, How can you rely on your trend cycle indicator ? It's position differs by zooming in and out ! {image}{image}
Well, that's the thing lol: you can't rely on any indicator from that system, because it will repaint every second, is not backtestable (only forward-testable), and the indicator differs while zooming in/out. So i would say: watch out and be careful
  • #300
  • Mar 14, 2022 7:07am Mar 14, 2022 7:07am
Quoting TheJube
{quote} Well, that's the thing lol: you can't rely on any indicator from that system, because it will repaint every second, is not backtestable (only forward-testable), and the indicator differs while zooming in/out. So i would say: watch out and be careful
I do really appreciate the effor from Derek, but i think it might be better to put that system on another/new thread instead of here, because it is totally different than the original system from WD. But that's just my 2 cents. We are in WickedDaddy's discord by the way, where i/we are trading live and making good profits. The link is somewhere in this thread.
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