ZigZag - Keep It Simple Stupid | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Keep It Simple Stupid 7 replies

Hippiedog's Keep it Stupid Simple 167 replies

The simple stupid system 855 replies

Keep it Simple Stupid (KISS) Method 486 replies

Keep It Simple Stupid (KISS) - The next Generation!! 7 replies

Attachments: ZigZag - Keep It Simple Stupid
Exit Attachments

ZigZag - Keep It Simple Stupid

  • #101
  • May 24, 2022 7:03am May 24, 2022 7:03am
Quoting MemO_KinG
{quote} i think you need to read this thread headline again and again and again whatever who earn or lose me or you but i have just one answer is reading the Headline for this thread many times you make it too much hard even when you share your results you write it instead of sharing screens proves what are you doing here as you say in this stupid answer is the opposite of "KEEP IS SIMPLE STUPID" i got many and many stupid signals and most of it the price move the opposite instantly and omg you are the only one here earn pips from the signals with...
Length = 6... is very sensitive. That's why I am using Length = 16. Why 16? 16 x 15 min charts is basically a 4 hour period. I don't have the patience to wait, so I take 5 - 10 pips and I get out.

You can't trade every signal you get... Look at the risky charts posted below. If you get 2 or more high swing points in a similar location, price is resisting to go up. The same is true for 2 or more low swing points, price is being supported.

I did lose as well, see results here. NOTE: How price went against me in the last 2 trades:
https://www.forexfactory.com/thread/...8#post14009868
  • #102
  • Edited 7:32am May 24, 2022 7:11am | Edited 7:32am
Quoting samsha786
{quote} Length = 6... is very sensitive. That's why I am using Length = 16. Why 16? 16 x 15 min charts is basically a 4 hour period. I don't have the patience to wait, so I take 5 - 10 pips and I get out. You can't trade every signal you get... Look at the risky charts posted below. If you get 2 or more high swing points in a similar location, price is resisting to go up. The same is true for 2 or more low swing points, price is being supported. I did lose as well, see results here. NOTE: How price went against me: https://www.forexfactory.com/thread/...8#post14009868...
that's very nice to clarify how to use your indicator but it's the first time i know that you set length to 16
i will try it again but i demo with ATR and trying to follow Walid dashboard to filter signals and share result later
  • #103
  • Edited 7:23am May 24, 2022 7:13am | Edited 7:23am
Quoting MemO_KinG
{quote} that's very nice to clarify how to use your indicator but it's the first time i know that you set length to 16 i will try it again but i demo with ATR and trying to follow Walid dashboard to filter signals and share result later you got my respect Samsha but please mention the new sets to us Thanks
See here:
https://www.forexfactory.com/thread/...2#post14009732

I would recommend that you don't trade this system live... play, practice, make your own notes, etc. It's not mechanical, that means discretion is needed. I like mechanical systems and we are working towards finding a route to that...
  • #104
  • May 24, 2022 7:19am May 24, 2022 7:19am
Quoting samsha786
{quote} Great results again... well done! Which oscillator did you observe divergence on?
Please, take a look at this one - it shows both types of divergences
Attached File(s)
File Type: ex4 RSI Divergence.ex4   43 KB | 379 downloads
Just an opinion. Based on research
  • #105
  • May 24, 2022 7:21am May 24, 2022 7:21am
Quoting samsha786
{quote} See here: https://www.forexfactory.com/thread/...2#post14009732
if you change set of the indicator which you opened a thread of it then you should edit the 1st post
  • #106
  • May 24, 2022 7:25am May 24, 2022 7:25am
Quoting samsha786
{quote}let us know of your findings
Not my finding, of course, but what do you think about waiting for a small rejection after the signal for a better entry point? On the same TF or on a smaller one?
(Sorry, I don't want to waste your new thread, so I begin with a question, not a list of pictures, indicators etc
Just an opinion. Based on research
  • #107
  • May 24, 2022 7:26am May 24, 2022 7:26am
Quoting MemO_KinG
{quote} if you change set of the indicator which you opened a thread of it then you should edit the 1st post
I am still testing... anyways, as I always say - it's up to you, use it, don't use it, make it your own! If you follow Headlands posts, he is sharing what he is testing. Hopefully, amongst all of us, we find a better way.
  • #108
  • Edited 7:54am May 24, 2022 7:43am | Edited 7:54am
Quoting Headland
15min signals unless otherwise indicated
Quoting Headland
tp = 1:1
Quoting samsha786
Stop loss is high, relative to Target Profit
Quoting samsha786
Loss trade wipes out many profitable ones.
Please, let me insert one more coin. I'm trying (and propose to join these tries) to find a moment to move SL to BE - maybe it could make MM ("target management") more balanced.
Just an opinion. Based on research
  • #109
  • Edited 8:05am May 24, 2022 7:48am | Edited 8:05am
Hi samsha786 !

I making all tests with default settings. Should I change them? do I need use something for filtering trade signals? For now just take all trades based only in your indicator signal 15 min charts.

Thanks for answer))
  • #110
  • May 24, 2022 7:53am May 24, 2022 7:53am
Quoting samsha786
{quote} Én is veszítettem, lásd az eredményeket itt. MEGJEGYZÉS: Hogyan ment ellenem az ár az elmúlt 2 ügylet során: https://www.forexfactory.com/thread/...8#post14009868
It's good to see you lose, too.
I don’t think bad, but making the wrong decision, with explanation, also helps me understand what and how I could do better.
Thanks for the example and explanation.
  • #111
  • May 24, 2022 8:04am May 24, 2022 8:04am
I make today 23 trades on GBPUSD, EURUSD, EURNZD, CHFJPY, GBPNZD, EURAUD. So for now its 14 lose trade and 9 wins. How much pips and more detailed statistics i see tomorrow when updating myfxbook. Its small profit for now...
  • #112
  • May 24, 2022 8:14am May 24, 2022 8:14am
Quoting Arch1
I make today 23 trades on GBPUSD, EURUSD, EURNZD, CHFJPY, GBPNZD, EURAUD. So for now its 14 lose trade and 9 wins. How much pips and more detailed statistics i see tomorrow when updating myfxbook. Its small profit for now...
TP=SL or TP = new signal?
Just an opinion. Based on research
  • #113
  • May 24, 2022 8:30am May 24, 2022 8:30am
Quoting since80808
{quote} TP=SL or TP = new signal?
risk,reward 1:1 and if new signal at same pair i closed trade and open new trade. My Trade manage - when Profit half way from TP I move stop lose half way and leave. So i get hit TP or small lose
  • #114
  • May 24, 2022 8:39am May 24, 2022 8:39am
Don't get me wrong i tried it but i don't think you can win consistantly just with this, the signals came late, and you'll make a profit or not depending on pure luck, getting a good trend or not. I'm sure you have to combine them with further analysis or other indicators to avoid all the false trades when you account for the spreads.
  • #115
  • May 24, 2022 12:15pm May 24, 2022 12:15pm
Day 2 (of 5) test results, addendum.

Just looked back at those last 2 x 15min zz signals from my trading session today (no's 12 and 13 listed in the summary earlier today,) and both if traded, closed at a loss of -31, and -29 respectively making of the 8 15min signals today in my session, 6 winners and 2 losers if left to just hit stop or tp with no trade management. So a theoretical total of +60pips overall today on those available 15min signals in the trading session. Like y/day still positive re pip count. So my discretion like y/day produced better results after all, given these last 2 trade results (12 and 13) are now known.

The win rate so far (on these 8 pairings) on 15min signals left to hit tp or stop with no trade management across the 2 days' 4hr trading sessions (of 5 total) so far, is 68%. We'll see what day 3 brings but I think what is beginning to emerge for me is that my intervention/discretion @ entry and/or trade management and/or exit seems to be better. A small sample so far though so I'll reach a more indicative conclusion after the 5 day test is finished.

I will at the end of the 5 day test report on;

a. Whether trading 15min signals with 1hr/4hr zz direction is better or worse, or makes little difference.
b. Whether trading a 15min signal only with oscillator divergence is better or worse, or makes little difference

and,

c. Whether intervention/discretion overall is better or worse or makes little difference. And this one may be where it is at - but is so difficult to define beyond some broad brushstroke guidelines, and it is looking like it might not help very much those (like me) looking to mechanise this potential edge with definable rules.

Remember though that this 5 days x 4hr trading sessions (trading 8 pairings) forward test will still only be a small sample size and a short time duration, so as I have said before any conclusions are likely only to be indicative, not representative, as the sample size and time duration are both too small to be the later. To this extent whilst still a valuable exercise and importantly in the live forward market (not a back test,) some caution has to be applied.
Trader with an Edge.
  • #116
  • May 24, 2022 12:36pm May 24, 2022 12:36pm
Hi Samsha could you confirm that zig zag nidicator is built with .ex4 attached r in the first post?

I'm trying with settings you indicated in the first post but I don't see any zig zag line. Thank you!
  • #117
  • May 24, 2022 10:40pm May 24, 2022 10:40pm
Quoting le celte
Hi, I use this one in all systems. Simple, effective.
Hi le celte, can this indicator work on renko charts too?
  • #118
  • May 24, 2022 11:04pm May 24, 2022 11:04pm
Quoting Alberto_Jazz
Hi Samsha could you confirm that zig zag nidicator is built with .ex4 attached r in the first post? I'm trying with settings you indicated in the first post but I don't see any zig zag line. Thank you!
Hi. Yes. Please practice in demo first.
  • #119
  • May 24, 2022 11:04pm May 24, 2022 11:04pm
Quoting Alberto_Jazz
{quote} Hi le celte, can this indicator work on renko charts too?
It's just an indicator, so you can put it on any chart.
  • #120
  • May 24, 2022 11:31pm May 24, 2022 11:31pm
Quoting Alberto_Jazz
{quote} Hi le celte, can this indicator work on renko charts too?
Hi,
I don't know, I don't work Renko.
Its just an Indy. Try it ....
Cheers
jf
0 traders viewing now