MADdash (Moving Average Distance) | Page 168 | Forex Factory

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MADdash (Moving Average Distance)

  • #3,341
  • Mar 11, 2022 7:38am Mar 11, 2022 7:38am
Quoting 919gilead
{quote} {quote} Yes it is a variable number from 125 to 300 points depending on the currency pair and market volatility. The GBP related pairs will need bigger points due to the high daily range. I sold the AUDUSD early in the London session and the 5/15 EMA cross on M5 occurred few minutes before London open. At about 200 points, I will not take another trade after 0.7325, which would have been about 180 points from your last entry before the sudden reversal. Calling it a day, and have a great week-end.
Amazing, George. Thank you so very much again, and have a nice weekend yourself
  • #3,342
  • Mar 13, 2022 12:22am Mar 13, 2022 12:22am
Quoting 919gilead
I still keep an eye on the other screen which contains my dashboards and other tools.
Just out of curiosity, do you not trade with an EA any more?
  • #3,343
  • Mar 14, 2022 2:43am Mar 14, 2022 2:43am
Quoting procmail
{quote} Just out of curiosity, do you not trade with an EA any more?
Still do and it is a work in progress - a mixture of both manual and auto.
Low Risk Low Stress High Reward High Probability Trades
  • #3,344
  • Mar 15, 2022 4:15am Mar 15, 2022 4:15am
Quoting forexmanvn
... + Can be used with currency pairs: AUDCAD, AUDJPY, AUDUSD, EURAUD, EURJPY, EURUSD, GBPJPY, GBPUSD, USDJPY. + You can use the EA with any timeframe. + This version has no stop loss, positions will be floated, however EA will try to close floating positions when the loss equals the profit of other trades...
Hi forexvmanvn. Thanks for sharing. Let me point out in advance I'm not a big fan of EAs and only have little basic experience with them. Just for fun I decided to try it on a demo account of about 5K that I had lying on my PC. I'm not using a VPS as I wanted to have a quick look first to decide if there is potential. I don't mind getting one but I need a few questions answered if you want me to help. I'm not sure I understand the bit about the pairs: does it need to run on all those pairs? After starting last Friday only with EURUD, I noticed it was only taking trades on that pair and decided to load a copy on each of them (i'm not even sure if thas's correct LOL), but so far the situation has not changed: only EU trades. Up until this morning (I live in the UK) the trades were having only small profits, but today I woke up with a 60 pipper still going which, at the moment I'm typing, has reduced to 37. I left the parameters untouched so that means the 20 pip trailing has not kicked in. Also I'm not sure about the hours, bearing in mind that my broker is currently 3 hours ahead of GMT due to the daylight change. Is that GMT? Can you kindly provide more details, please?
By the way, so far the EA has only had positive trades with the one open gone back to 50 at this very moment. Thank you.
  • #3,345
  • Mar 15, 2022 7:10am Mar 15, 2022 7:10am
Here I am nagging you with a TM question, George, hahaha! Out of curiosity and aware it would depend on different factors, but how would you have generically managed that 2nd entry? I moved the stop loss to b/e + commission when it touched 5-6 pips. Then it went up to 10 pips and retraced. Would you have closed at some point higher before it retraced completely or let it play as I did? Thanks
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  • #3,346
  • Mar 15, 2022 8:43am Mar 15, 2022 8:43am
Quoting Hammertop
Here I am nagging you with a TM question, George, hahaha! Out of curiosity and aware it would depend on different factors, but how would you have generically managed that 2nd entry? I moved the stop loss to b/e + commission when it touched 5-6 pips. Then it went up to 10 pips and retraced. Would you have closed at some point higher before it retraced completely or let it play as I did? Thanks {image}
Haha, there is no crime in taking profit and I cannot predict what I would have done as it is always a fast market' - sometimes I take profit and sometimes I just lock up profit and continue to trail until stopped out. Good trading
Low Risk Low Stress High Reward High Probability Trades
  • #3,347
  • Mar 15, 2022 9:26am Mar 15, 2022 9:26am
Quoting 919gilead
{quote} Haha, there is no crime in taking profit and I cannot predict what I would have done as it is always a fast market' - sometimes I take profit and sometimes I just lock up profit and continue to trail until stopped out. Good trading
Well, today I have collected a lot of b/e trades. So on this one I decided I would not let it go below 10 pips profit and here I am out
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  • #3,348
  • Mar 15, 2022 11:15am Mar 15, 2022 11:15am
Finally, after one more b/e, I managed a decent one. I set up SL, b/e and TP and went out for a run. A bit of luck comes handy from time to time
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  • #3,349
  • Mar 15, 2022 2:24pm Mar 15, 2022 2:24pm
Quoting Hammertop
Finally, after one more b/e, I managed a decent one. I set up SL, b/e and TP and went out for a run. A bit of luck comes handy from time to time {image}
Hello Hammertop;

What settings did you use?
  • #3,350
  • Mar 15, 2022 5:46pm Mar 15, 2022 5:46pm
Hi QuickPilot. I will refer you to page 166-167. Look for the posts where I ask George some questions. Also for a more detailed idea start from George's 1st post on page 164.
  • #3,351
  • Mar 15, 2022 5:48pm Mar 15, 2022 5:48pm
Quoting Hammertop
{quote} Hi forexvmanvn. ...today I woke up with a 60 pipper still going which, at the moment I'm typing, has reduced to 37. I left the parameters untouched so that means the 20 pip trailing has not kicked in. Also I'm not sure about the hours, bearing in mind that my broker is currently 3 hours ahead of GMT due to the daylight change. Is that GMT? Can you kindly provide more details, please? By the way, so far the EA has only had positive trades with the one open gone back to 50 at this very moment. Thank you.
UPDATE: That EU trade, after going up to 65 pips, went back to negative territory, then recovered a bit and at this moment is at -3. So definitely something is wrong. I see in the journal there was a disconnection at some point (that happens sometimes with ICMarkets demos) but that was after the price reached the highest profit. I don't know if that was a problem but I don't see any point carrying on with the test till I get some feedback from you in case I'm doing something wrong. Hopefully soon
  • #3,352
  • Mar 18, 2022 11:23am Mar 18, 2022 11:23am
Just posting this one to keep the thread alive and to point out once again how good this strategy is, if there was still need. I decided to close as the price didn 't shoot up through the high of the day. I'm a bit puzzled as to why nobody ever posts trades here. It would be nice to compare. I personally learned a lot by George's screenshots, and I mean really a lot...
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  • #3,353
  • Mar 20, 2022 2:06pm Mar 20, 2022 2:06pm
Hi, I have some questions about the indicator:

1. In the TF graph, what is the difference between the non-filled and filled green/red bar? See the screenshot image below, the M5 graph has non-filled bars, while the M15 has mostly filled bars.

Attached Image

2. In the input settings, what is the meaning of "Default Timeframe" setting (defaults to 1 minute)? I changed the setting to bigger value and it doesn't seem to make any difference on the chart.
  • #3,354
  • Mar 21, 2022 3:08am Mar 21, 2022 3:08am
I tried to down load Mad dash using the given link but I failed pls provide me any other link or method I can use . Appreciate your positive response
  • #3,355
  • Edited 6:23am Mar 21, 2022 5:40am | Edited 6:23am
Quoting Ramsy
I tried to down load Mad dash using the given link but I failed pls provide me any other link or method I can use . Appreciate your positive response
Try this version 1.38 non expiry, 68 years at least.

https://www.forexfactory.com/thread/...3#post13330853

Always go to the first post, most of your queries are answered there.
It never gets easier, you just get better
  • #3,356
  • Mar 21, 2022 5:59am Mar 21, 2022 5:59am
Quoting minview
Hi, I have some questions about the indicator: 1. In the TF graph, what is the difference between the non-filled and filled green/red bar? See the screenshot image below, the M5 graph has non-filled bars, while the M15 has mostly filled bars. {image} 2. In the input settings, what is the meaning of "Default Timeframe" setting (defaults to 1 minute)? I changed the setting to bigger value and it doesn't seem to make any difference on the chart.
It is showing the Bid Ratio values for that timeframe. You can tell where the candle has closed in relation to its range.
Explanation from how the CS Dash works, it will be the same for MaDash.

Bid ratio is where the current bid price is relative to the high and low.

The start of the bar is 50%.

If the bar is colored red, it means the bid ratio is below 50%. The longer the bar, the closer to 0%. Below 25% is a solid red. Between 25 and 50% is hollow red.
If the bar is colored green, it means the bid ratio is above 50%. The longer the bar, the closer to 100%.

Above 75% is a solid green. Between 50-75% is hollow green.
Below 25% is a Solid Red . Between 50%-25% Hollow Red
It never gets easier, you just get better
  • #3,357
  • Edited Mar 22, 2022 3:37am Mar 21, 2022 6:56am | Edited Mar 22, 2022 3:37am
Thanks for the explanation.

How do we use the TF graphs? From the usage explanation from 919gilead on the first page, it seems the TF graphs aren't used or necessary at all.

For example, if one currency (e.g. CHF) appears on the top of the all/most TF graphs, and other currency (e.g. EUR) appears on bottom of all/most TF graphs, then does it mean we can try to look for sell opportunity on EURCHF pair?
  • #3,358
  • Mar 22, 2022 12:07pm Mar 22, 2022 12:07pm
Hi friends please, I would like some advice on 4 things.
1 - Moving average value? (I use 24 on all time frames)
2 - Type of moving average? (exponential i use)
3 - Type of price? (I use the closing)
4 - % of atr? (i use 10)
I know that everyone has to set their but, but I need a basic combination from which to start and then make assessments.
I don't know if my settings are fine, please friends give me some advice

thanks in advance
  • #3,359
  • Mar 22, 2022 5:22pm Mar 22, 2022 5:22pm
Quoting Shabs19
{quote} Try this version 1.38 non expiry, 68 years at least. https://www.forexfactory.com/thread/...3#post13330853 Always go to the first post, most of your queries are answered there.
Newbies always got version 0.0 They should get directives from big brothers. thanks Shabs19 for your Assistance
  • #3,360
  • Mar 28, 2022 11:00am Mar 28, 2022 11:00am
My best trade in a very long time
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Left 86 pips on the table due to my mistake in not setting the trailing SL properly
Low Risk Low Stress High Reward High Probability Trades
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