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Trading PlanetX & Oscillators

  • #221
  • Mar 19, 2022 6:38pm Mar 19, 2022 6:38pm
Quoting robots4me
{quote} Nice. Beautiful example. A request -- since I don't trade BTC could you restrict your charts to the forex 28 pairs. That makes it easier to follow along. Also, I only test using the 28 pairs and if a bug were to occur while executing on a BTC chart then I won't catch it and, also, may not be inclined to fix it.
Nothing is better than live trading to show live examles. And BTCUSD on TradingView is operative during the week-end
  • #222
  • Mar 19, 2022 6:40pm Mar 19, 2022 6:40pm
So, there were two fake Double Tops, and the trend was Bullish.
Did you trade those two short?
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #223
  • Mar 19, 2022 6:41pm Mar 19, 2022 6:41pm
Quoting parisboy
{quote} they show us the Long Term Trend (relatively to the Time Unit and the Time frame on the scree) They very often allows us to draw the large Channel / Sinewave in which the lesser Sinewaves Oscillate {image} {image}
Thanks...

@parisboy -- for the short-term, I'm going to simplify the R4M-FocalPoint indicator a bit for the purposes of swing trading. These are all great, great tips and I will incorporate them, in time. But I need to take smaller bites and get things off the ground so I (and, perhaps others) can begin trading with it. And as we become more familiar with this strategy and gain confidence, I'll continue to enhance it with the finer details you've been providing.
  • #224
  • Mar 19, 2022 6:42pm Mar 19, 2022 6:42pm
Quoting parisboy
{quote} Nothing is better than live trading to show live examles. And BTCUSD on TradingView is operative during the week-end
Yeah -- you're 110% right. Let's continue with BTCUSD...
  • #225
  • Mar 19, 2022 6:45pm Mar 19, 2022 6:45pm
Quoting BestTraderEv
So, there were two fake Double Tops, and the trend was Bullish.
And you're not battling it? Kinda seems like you're more intent on proving FocalPoints wrong than interested in adding another tool to your toolbox. I'll stop trying to coax you along -- you are a battle-hardened trader and know what you're doing...
  • #226
  • Mar 19, 2022 6:46pm Mar 19, 2022 6:46pm
Quoting BestTraderEv
So, there were two fake Double Tops, and the trend was Bullish. Did you trade those two short?
what is your problem ?
  • #227
  • Mar 19, 2022 6:51pm Mar 19, 2022 6:51pm
Quoting BestTraderEv
So, there were two fake Double Tops, and the trend was Bullish. Did you trade those two short?
I don't think the Double Tops were fake -- you don't yet understand how the algorithm works. The Double Tops were correct for awhile and then the trend changed. Double Tops don't mean a bearish trend will run forever. If you had entered a short where @parisboy had indicated you'd have a nice win. But it is up to you when to Exit and bank those green Pips. If you ride the train too long then the trend will eventually turn against you.
  • #228
  • Mar 19, 2022 6:52pm Mar 19, 2022 6:52pm
Quoting parisboy
{quote} what is your problem ?
Clarity. I show you why I would not go short at the given situation, or how I would trade it, because the overall trend is Bullish, and you come back in a totally different moment and say that the trend was not Bullish. Yet, your averages and focal points seem to show the same/similar in both situations. So, please tell me if you took short trades on those two fake DT's, or did you add positions and just got lucky, and all that talk about those things you see is just your imagination?
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #229
  • Mar 19, 2022 6:54pm Mar 19, 2022 6:54pm
Quoting robots4me
{quote} I don't think the Double Tops were fake -- you don't yet understand how the algorithm works. The Double Tops were correct for awhile and then the trend changed. Double Tops don't mean a bearish trend will run forever. If you had entered a short where @parisboy had indicated you'd have a nice win. But it is up to you when to Exit and bank those green Pips. If you ride the train too long then the trend will eventually turn against you.
I call them, or we can call them negated. In PA, a formation which has been negated is no longer that formation, so we can't call a negated formation a double top. We can only call a confirmed formation it's proper name.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #230
  • Mar 19, 2022 6:54pm Mar 19, 2022 6:54pm
Quoting robots4me
{quote} Yeah -- you're 110% right. Let's continue with BTCUSD...
fake Double Tops of different nature, degree , order are visible on this Chart
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  • #231
  • Mar 19, 2022 6:55pm Mar 19, 2022 6:55pm
Quoting parisboy
{quote} what is your problem ?
@parisboy -- it's all good. Like me, @BestTraderEv can't help playing devil's advocate. It's in our blood. It's okay for there to be some tension and pushback. It also helps to clear things up for me. You both have the best intentions -- you just need to recognize that and then adapt to the different personalities. In the end I believe we'll create something rather unique and very, very cool...
  • #232
  • Mar 19, 2022 7:00pm Mar 19, 2022 7:00pm
Quoting parisboy
{quote} fake Double Tops of different nature, degree , order are visible on this Chart {image}
@parisboy -- another question: The power-of-2 spans (or periods) -- where did that come from? It's too convenient to be theoretical. Was that arrived at empirically?

Actually, I think I know the answer. Those guys at the Jet Propulsion Laboratory were working on missile guidance systems and the computations had to be fast, fast, fast. Computer processors think in binary, and computations using integers that are a power-of-2 don't need to be converted to doubles, or floats. The CPU's used back then would have bogged down if they had to perform a lot of floating-point computations.
  • #233
  • Mar 19, 2022 7:05pm Mar 19, 2022 7:05pm
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  • #234
  • Mar 19, 2022 7:34pm Mar 19, 2022 7:34pm
Don't know if it's my place to post anything or not. Feel free to delete it if you must.

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Certainly nice to see no? All thanks to PB ; )
When there's a will, there's a way.
  • #235
  • Mar 19, 2022 7:52pm Mar 19, 2022 7:52pm
Knowing when to cash out.

5min
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1min
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When there's a will, there's a way.
  • #236
  • Mar 19, 2022 7:52pm Mar 19, 2022 7:52pm
Quoting MoeinYzz
Don't know if it's my place to post anything or not. Feel free to delete it if you must. {image} Certainly nice to see no? All thanks to PB ; )
Beautiful. @MoeinYzz -- nice to see others join in. And, yes, @parisboy has woken some people up, including myself...
  • #237
  • Mar 19, 2022 10:10pm Mar 19, 2022 10:10pm
I've attached an updated version of the R4M-FocalPoint indicator. It is hot, out of the oven and has never been used in trading, though I will trade it modestly beginning tomorrow. This version differs from the previous in a couple of ways:

1. In the settings there are two modes to choose from: Strict (default) and Relaxed. Strict uses the FocalPoint algorithm to guesstimate a Target profit, whereas Relaxed can be used for swing trading, as @bishopdotun pointed out earlier.

2. Strict mode computes a guesstimate target profit. This is not carved in stone and a trend may continue and additional targets may lie ahead. This guesstimate is target #1. If you wish to continue the trade that is up to you. The guesstimated target price is the yellow line.

I am not into hand-holding. If you wish to trade this strategy you will need to revisit and read past posts. I am not going to spend time preparing personalized summaries for every lazy trader who inquires and I hope the other experts here will ignore them, as well. If you demonstrate you've read the posts and still have questions then that's fine. I just don't want the conscientious members here to be taken advantage of by the lazy ones.

There are additional tips I plan on adding, but at this point I want to begin trading it in its simplest form to gain confidence and insight. And it would be appreciated if others would join in, as well.

I will post some additional example charts shortly.

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Attached File(s)
File Type: ex4 R4M-FocalPoints-v0.001.ex4   51 KB | 299 downloads
  • #238
  • Mar 19, 2022 10:33pm Mar 19, 2022 10:33pm
Below I describe one way to trade Focal Points -- there are others that include Double Tops / Bottoms which I plan to add later on. This is the simple version and appears to be very accurate.

Attached Image (click to enlarge)
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Bearish Setup:

FP1 -- Focal Point #1
FP2 -- Focal Point #2
High -- Highest price between FP1 and FP2
Target #1 -- guesstimated target price.

IMPORTANT: Look carefully -- FP2 lies halfway between the High and Target #1. That's the freak'n algorithm. Is that too complex for anyone? If you can subtract two numbers in your head then you don't even need this indi.

The way you trade this is to look for a setup where FP2 has just recently formed. You are looking to Enter a trade shortly after FP2. If FP2 is too many bars in the past then move on and look for a different setup. When FP2 forms then the indi will also compute a guesstimated Target (the yellow line). If the current price suits your R:R then enter a SELL trade with TP set at the yellow line. You can now walk away and do something else -- you don't have to baby sit the trade.

One additional note, I added a filter that requires that SMA(128) be below FP2 (bearish trend) or above FP2 (bullish trend).

I think that about covers it for now.
  • #239
  • Mar 20, 2022 1:49am Mar 20, 2022 1:49am
Quoting BestTraderEv
You won't fool me... {image}
the question is,was the tp as parisboy shows met? if so thats all matter and you look for another settup. That is all i should consider
  • #240
  • Mar 20, 2022 2:19am Mar 20, 2022 2:19am
Quoting robots4me
I've attached an updated version of the R4M-FocalPoint indicator. It is hot, out of the oven and has never been used in trading, though I will trade it modestly beginning tomorrow. This version differs from the previous in a couple of ways: 1. In the settings there are two modes to choose from: Strict (default) and Relaxed. Strict uses the FocalPoint algorithm to guesstimate a Target profit, whereas Relaxed can be used for swing trading, as @bishopdotun pointed out earlier. 2. Strict mode computes a guesstimate target profit. This is not carved...
The backtest does not work.
Please excuse the bad English via Google Translate.
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