SM_Body_Switch indicator system | Forex Factory

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SM_Body_Switch indicator system

  • #1
  • First Post: Mar 14, 2022 3:27pm Mar 14, 2022 3:27pm
Hi all, many thanks to Swingman for his Body Switch indicator.

I'm studying a new kind of set up, trying to enter in a well established trend.

Take a look at the attached sceenshot for a long and a short set up.

Bull setup: when the indicator is in uptrend mode, wait at least 3 bars with the same indicator value (consolidation/retracement).
Entry at the break of previous bar high. Stop @ previous bar low.

Short setup: when the indicator is in downtrend mode, wait at least 3 bars with the same indicator value (consolidation/retracement).
Entry at the break of previous bar low. Stop @ previous bar high.

I hope it's clear.

Customize with your risk preferences, take profit etc.

I'm trying to refine an expert based on my risk preferences and other filters.
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  • #2
  • Mar 14, 2022 6:34pm Mar 14, 2022 6:34pm
Hi @Alberto,
your idea is very good!

I also wanted to program something similar, unfortunately I don't have the time right now...
A remark:
I noticed that the step lines have to be moved one bar to the right if you want to use them as SL.
Immediately after the trend change and also further, the indicator "repaints" the line and that is wrong if one would use it as a SL.
I only made the correction in the PlanetY indicator.

I intend to analyze and program the following rules, because I've been more concerned with Bill Williams' indicators lately:
- BodySwitch determines the trend change.
- Balance Line from the Alligator (SMMA, on median price, 13, shift 8) is filter 1 for trade direction. Buys only above, Sells only below the Balance Line.
- Filter 2, the Squeeze is very important, so that one avoids entries in sideways phases.
- The color of AO and AC must match. AC usually changes color earlier than AO, and can be a warning.

Trades for long:
- A first simple rule would be the entry above the high of the forebar, also valid for re-entries. Also on open would be possible.
- A simple exit rule would be after a red AC histogram under the low of the forebar.
These rules certainly don't exhaust entire trends, but it would be a start.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.rH1.png Size: 37 KB
Attached File(s)
File Type: ex4 smPlanetY OnChart.ex4   26 KB | 1,152 downloads
File Type: ex4 smAwesome Sqeeze_v1.ex4   16 KB | 1,087 downloads
  • #3
  • Mar 15, 2022 1:25am Mar 15, 2022 1:25am
there is no trend in forex, it is the great illusion
life is a reflection of what we allow ourselves to see
  • #4
  • Mar 15, 2022 2:31am Mar 15, 2022 2:31am
Quoting mikeeating
there is no trend in forex, it is the great illusion
the Market ALWAYS trends, if there were no Trends then forex wouldnt move at all. 1 15min candle closes bearish? Guess what, this a bearish trend on the 1minute Timeframe and we can do those examples on every timeframe.

some trends are holding on for a long time and some for a very short time, but its still a trend.

You are right that Forex looking at a larger scale is an "up&down" Market, its very unrealistic that any currency is going to go to Zero, there are certain extremes that are near impossible to break for Forex, but it doesnt mean that there is no trending Market in between those extremes.

You are a member since 2018,probably trade even for a longer time and you still go around other Threads spouting such nonsense. shame on you.

You are not special, dont try to jerk off thinking you are awesome trading reversals or whatever you do (I assume in your mind a TREND reversal isnt trading a trend)
  • #5
  • Mar 15, 2022 2:44am Mar 15, 2022 2:44am
Quoting FundedCoffee
{quote} the Market ALWAYS trends, if there were no Trends then forex wouldnt move at all. 1 15min candle closes bearish? Guess what, this a bearish trend on the 1minute Timeframe and we can do those examples on every timeframe. some trends are holding on for a long time and some for a very short time, but its still a trend. You are right that Forex looking at a larger scale is an "up&down" Market, its very unrealistic that any currency is going to go to Zero, there are certain extremes that are near impossible to break for Forex, but it...
lol are you an introductory broker? put your stop under the last low hahahaha
life is a reflection of what we allow ourselves to see
  • #6
  • Mar 15, 2022 2:53am Mar 15, 2022 2:53am
Quoting FundedCoffee
{quote} the Market ALWAYS trends,
you like this precious?
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life is a reflection of what we allow ourselves to see
  • #7
  • Mar 15, 2022 2:54am Mar 15, 2022 2:54am
Quoting mikeeating
{quote} you like this precious?{image}
ooh no!!
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life is a reflection of what we allow ourselves to see
  • #8
  • Mar 15, 2022 3:02am Mar 15, 2022 3:02am
Quoting mikeeating
{quote} ooh no!!{image}
So... you are showing me a nice downtrend.. and then you show me a break of structure into a clean up trend, its a great Chart to show EXACTLY that the Market is trending.

Does a currency need to hit Zero for you to consider it being a downtrend? You realise you are making fun of yourself with those Charts right?
  • #9
  • Mar 15, 2022 3:02am Mar 15, 2022 3:02am
Quoting mikeeating
there is no trend in forex, it is the great illusion
From Wikipedia:

Fad, a collective behavior that lasts a short time.

Market trend, a period of time when prices in a financial market are rising ("bull market") or falling ("bear market") faster than their historical average.

Price movements, volatility, are historical facts for short periods of time.
You also write on September 25, 2021:
"I do not trade without stop loss, but if i did, I would wait for the big moves to happen (these happen 11% of the time) and then i would scalp the range once price starts to congest".
OK, very consistent, this is indeed not trend trading and you are not trading an illusion.

But I don't understand what your post is doing in this thread. @Alberto presents an idea and is not a thread about general personal opinions. Keep them to yourself or post elsewhere. @Alberto should block you quickly so that you don't post any more rubbish here.
  • #10
  • Mar 15, 2022 3:05am Mar 15, 2022 3:05am
Quoting SwingMan
{quote} From Wikipedia: Fad, a collective behavior that lasts a short time. Market trend, a period of time when prices in a financial market are rising ("bull market") or falling ("bear market") faster than their historical average. Price movements, volatility, are historical facts for short periods of time. You also write on September 25, 2021: "I do not trade without stop loss, but if i did, I would wait for the big moves to happen (these happen...
Swingman i see you are from Germany and so is Funded coffee, maybe you two are running a broker outlet and you need some newbies to fund your new Maserati tune up

put your stop above the last high hahaha
life is a reflection of what we allow ourselves to see
  • #11
  • Mar 15, 2022 3:14am Mar 15, 2022 3:14am
Quoting mikeeating
{quote} Swingman i see you are from Germany and so is Funded coffee, maybe you two are running a broker outlet and you need some newbies to fund your new Maserati tune up put your stop above the last high hahaha
Sorry, I think I have wasted my time here. We both and everyone else also knows who is right and wrong.

Apologies to Alberto_Jazz for going out of topic.
  • #12
  • Mar 15, 2022 3:15am Mar 15, 2022 3:15am
whoopsie!!

the trend is my friend
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life is a reflection of what we allow ourselves to see
  • #13
  • Mar 15, 2022 3:24am Mar 15, 2022 3:24am
Quoting FundedCoffee
{quote} Sorry, I think I have wasted my time here. We both and everyone else also knows who is right and wrong. Apologies to Alberto_Jazz for going out of topic.
oohh!
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life is a reflection of what we allow ourselves to see
  • #14
  • Mar 15, 2022 3:31am Mar 15, 2022 3:31am
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ooohhh!
life is a reflection of what we allow ourselves to see
  • #15
  • Mar 15, 2022 3:34am Mar 15, 2022 3:34am
Quoting mikeeating
...Swingman i see you are from Germany and so is Funded coffee, maybe you two are running a broker outlet and you need some newbies to fund your new Maserati tune up put your stop above the last high hahaha
You wrote with your hand:
"...i would scalp the range once price starts to congest".
How you do that? How do you determine the congestion?

I see you have an obsession with broker outlet. What's so bad if I need more electricity for my Tesla and don't burn any oil? That's environmentally friendly and also because I'm very old and I'm not allowed to fly one of my two private jets like @FundedCoffee anymore, save more benzine.
The newbies have to somehow learn how to deal with risks, and that's only possible if their money ends up in other pockets, otherwise the whole trading wouldn't work.
If you make big profits from trading, do you get the money from the pros, or are your profits just an illusion? I assume this is the last.

@Alberto please quickly ban this illusionist from posting here. He has no idea of respectful behavior in a forum.
  • #16
  • Mar 15, 2022 4:04am Mar 15, 2022 4:04am
Quoting SwingMan
{quote} You wrote with your hand: "...i would scalp the range once price starts to congest". How you do that? How do you determine the congestion? I see you have an obsession with broker outlet. What's so bad if I need more electricity for my Tesla and don't burn any oil? That's environmentally friendly and also because I'm very old and I'm not allowed to fly one of my two private jets like @FundedCoffee anymore, save more benzine. The newbies have to somehow learn how to deal with risks, and that's only possible if their money ends up in other...
OOOOHHH trade w the trend!!!!

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life is a reflection of what we allow ourselves to see
  • #17
  • Mar 15, 2022 10:42am Mar 15, 2022 10:42am
Quoting Alberto_Jazz
Hi all, many thanks to Swingman for his Body Switch indicator. I'm studying a new kind of set up, trying to enter in a well established trend. Take a look at the attached sceenshot for a long and a short set up. Bull setup: when the indicator is in uptrend mode, wait at least 3 bars with the same indicator value (consolidation/retracement). Entry at the break of previous bar high. Stop @ previous bar low. Short setup: when the indicator is in downtrend mode, wait at least 3 bars with the same indicator value (consolidation/retracement). Entry at...

Cool strategy alberto!

I'm studying the bodyswitch-indicator for a few months and I love it.
Really great for trend direction!
I'm following a similar approch as you!
I'm looking for retracements in a trend...


What helped me a lot was keeping sentiment in mind...
Funnily enough, both of your trades shown above match sentiment... :-)


Good luck, I'm looking forward to your contribution!

https://www.fxblue.com/market-data/tools/sentiment
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  • #18
  • Mar 15, 2022 3:03pm Mar 15, 2022 3:03pm
Thank you Zook,

I'm trying to develop an expert trying to keep as simple as possible.

I will post it when I seem it works properly.
  • #19
  • Mar 16, 2022 5:43am Mar 16, 2022 5:43am
This morning I have another good trade on EURJPY.

At the moment I'm trying to filter ranging markets with this very simple rule:

Uptrend: last upper fractal must be > previous upper fractal.

Downtrend: last lower fractal must be < previous lower fractal.
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  • #20
  • May 18, 2023 9:52am May 18, 2023 9:52am
Good morning @Swingman and congrats on all you do!

Regarding the smbody_switch_signals_indicator is it possible to put a sound alert every time an arrow appears?
Great indicator!

Thanks for your help.
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