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MADdash (Moving Average Distance)

  • #3,401
  • Aug 16, 2022 4:28am Aug 16, 2022 4:28am
Quoting Shabs19
{image}@Erebus. The setting of comparing TF1 to TF2 means that you are comparing the aggregate score of the currency of TF1 vs the aggregate score of the counter currency of TF1 and simultaneously TF2 agg score vs the TF2 agg score of the counter currency. If it is greater than 10 pips or the %ATR then you will get a signal. On NZDJPY in your example, TF1 score was 107 vs 104, although TF2 score was 79 vs 425 So No signal as both have to be more than 10 pips or %ATR difference. If you look at the other JPY pairs the differences on each column did...
I did experiment with that, set it to Zero, still no Alert. And there is no choice for Pips or ATR so not quite sure how it works?

I just thought it was weird that NZD pairs didn't show anywhere,

as I had another chart with settings of 50 EMA x 100 EMA and no Alerts there either

Anyway, thanks for advice and I shall keep watching.

Yes, I know about Constant Row Color but that gives too many Alerts
It takes a lot for me to IGNORE you, but you can try.
  • #3,402
  • Aug 16, 2022 4:33am Aug 16, 2022 4:33am
Quoting Erebus
{quote} I did experiment with that, set it to Zero, still no Alert. And there is no choice for Pips or ATR so not quite sure how it works? I just thought it was weird that NZD pairs didn't show anywhere, as I had another chart with settings of 50 EMA x 100 EMA and no Alerts there either Anyway, thanks for advice and I shall keep watching. Yes, I know about Constant Row Color but that gives too many Alerts
Maybe setting it to zero, makes the alert produce zero. ( ie. there must be some difference.)

Try a number between 1 - 9 and see if you get the right number of signals.
It never gets easier, you just get better
  • #3,403
  • Aug 16, 2022 5:10am Aug 16, 2022 5:10am
Quoting Shabs19
{quote} Maybe setting it to zero, makes the alert produce zero. ( ie. there must be some difference.) Try a number between 1 - 9 and see if you get the right number of signals.
All good, I see where you pointed out the aggregate score, that seems to be the place to watch

Don't want too many signals, thanks for the help

Much Appreciated
It takes a lot for me to IGNORE you, but you can try.
  • #3,404
  • Aug 21, 2022 7:12pm Aug 21, 2022 7:12pm
Quoting DimasRu
{quote} Hi forexmanvn, thanks for the product, I want to try it as well. Does EA trade suffix pairs, like EURUSD.pro, etc, I'm asking since it didn't open any position overnight Does it important to have tight spreads or standard will be fine as well?
Done with the testing -90%, I think it's good for the flat market, on the trending market it will blow your account if you put it on all pairs. I tried on 200$ with 0.02 size for each pair. Or you can monitor your trades in the background once it opens it and manage them. Definitely not the one you can keep unattended.
  • #3,405
  • Aug 22, 2022 2:11am Aug 22, 2022 2:11am
Quoting DimasRu
{quote} Done with the testing -90%, I think it's good for the flat market, on the trending market it will blow your account if you put it on all pairs. I tried on 200$ with 0.02 size for each pair. Or you can monitor your trades in the background once it opens it and manage them. Definitely not the one you can keep unattended.
there are many perspectives of using moving averages.
my opinion is that ma is good for trending pairs and bad when ranging.
for simplicity's sake, just use 20 sma on d1, h1 and m15.
trade entry when the ma are in alignment during the 1st 3 hrs of london session.
if no alignment no trade.
one trade a day.
tp 25 pips (1% equity)
sl 50 pips (2% equity)
test it for 6 months.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,406
  • Aug 22, 2022 6:58pm Aug 22, 2022 6:58pm
Here is my 4-Hour 12 EMA 26 EMA settings which are giving me a pseudo MACD dashboard with EURUSD currently being the best

Thoughts, comments, criticisms, suggestions and likes always welcomed



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It takes a lot for me to IGNORE you, but you can try.
  • #3,407
  • Aug 22, 2022 10:03pm Aug 22, 2022 10:03pm
Quoting Erebus
Here is my 4-Hour 12 EMA 26 EMA settings which are giving me a pseudo MACD dashboard with EURUSD currently being the best Thoughts, comments, criticisms, suggestions and likes always welcomed {image}
my opinion.
although eurusd is the most bearish, one is unable to see whether price is retracing from the dashboard alone.
always consult the chart to check reasons for retracement.
look left to see any support and resistance.

the cons of using moving average:
when price is ranging.
when price is in the process of trend change at the top and bottom.

best to use dashboard only during london and new york sessions for momentum due to the high trade volume.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,408
  • Aug 23, 2022 1:18am Aug 23, 2022 1:18am
Quoting Inthebox
{quote} my opinion. although eurusd is the most bearish, one is unable to see whether price is retracing from the dashboard alone. always consult the chart to check reasons for retracement. look left to see any support and resistance. the cons of using moving average: when price is ranging. when price is in the process of trend change at the top and bottom. best to use dashboard only during london and new york sessions for momentum due to the high trade volume.
Absolutely, MADdash is just another confirmation at this stage.

A proper entry for MACD was long ago, forget about current data.

A cross of the signal line while above the zero line and price below the 200 EMA usually on the daily

And other entries possible with whatever price action method you prefer

Refer the updated chart

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It takes a lot for me to IGNORE you, but you can try.
  • #3,409
  • Aug 30, 2022 9:05am Aug 30, 2022 9:05am
Quoting 919gilead
{quote} Yes it is looking late because you are probably using the the MADdash the wrong way. Read my post 4 again if you have not read it and note this quote: "Finally, the dashboard is not a standalone system; it is an entry and trade management tool." The dashboard gives you an idea of the strong and weak currencies. You look at your chart and identify the best you want to trade You wait for pullback if you have already missed the initial entry You then use the dashboard...
george thanks for sharing this. how many pips you used for alert threshold type comparing tf 1 to tf 2? i use default 10 pips but it very very rarely give signals
  • #3,410
  • Sep 10, 2022 5:41pm Sep 10, 2022 5:41pm
Hi. Just joined to ask info on the MADdash. Been in the game for more than a decade. I came across this dashboard recently searching for a new dashboard. Anyway I will be short with 2 questions. 1. Could someone direct me to the page/link of the detailed instructions of everything relative to the MADdash ? And 2. I have been studying it for a few weeks and I think really the only thing I don"t understand is the colored bands ( the right side of board ) shooting out of either side of the currency under the tf s. Some bands are hollow , some are fully colored . I have read hundreds of posts and still no one talked about it so I joined to ask. Thank you kindly for this, it appears very helpful :-)
  • #3,411
  • Sep 14, 2022 8:51am Sep 14, 2022 8:51am
1.Go to #post no-2 and read it thoroughly
2.Read #post no-2 once again......
  • #3,412
  • Sep 17, 2022 3:12pm Sep 17, 2022 3:12pm
Thank you , I read it many times. It sounds like the band is meant to show how far distance away form the ma the currency is . If you or someone could explain why the band sometimes is hollow and others fully colored that confused me .
  • #3,413
  • Sep 26, 2022 4:28am Sep 26, 2022 4:28am
Quoting Hammertop
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.
hammertop what setting do you use for trailing stop? i cannot find it in your previous chat with gilead.
  • #3,414
  • Oct 4, 2022 6:33am Oct 4, 2022 6:33am
Quoting belsta
{quote} hammertop what setting do you use for trailing stop? i cannot find it in your previous chat with gilead.
Hi. Sorry for late reply. I just move the stop to b/e as soon as possible and trail usually on M1. No predefined rules.
  • #3,415
  • Oct 4, 2022 7:23am Oct 4, 2022 7:23am
Quoting Hammertop
{quote} Hi. Sorry for late reply. I just move the stop to b/e as soon as possible and trail usually on M1. No predefined rules.
thanks hammertop. but if i use b/e starting profit 5 pips and protect 1.5 pips, it is easy to close and then price go up/down again. how do you handle that?
  • #3,416
  • Oct 4, 2022 8:17am Oct 4, 2022 8:17am
Quoting belsta
{quote} thanks hammertop. but if i use b/e starting profit 5 pips and protect 1.5 pips, it is easy to close and then price go up/down again. how do you handle that?
By "as soon as possible" I mean giving it a little room to breathe. Sometimes I just start moving the stop closer before taking it to b/e. I'm sorry but there is no hard rule. Quite some trades will end up at b/e. We just need to wait for the next good one. I think George mentioned that somewhere. Let's not forget that containing losses is the most important rule of all. It's taken me years to understand that... The winners will take care of themselves, but we need to take care of the losers first. A few losses which are smaller than what originally planned are easy to overcome with just one good winner.
Actually if I can actually state a hard rule, this is it: if the price starts moving against us, more often than not it means we are wrong, so, opposite to what our human nature leads us to think/hope, that's the moment to tighten the stop rather than holding it, or, worse, moving it away. Been there done that.
  • #3,417
  • Oct 4, 2022 9:46am Oct 4, 2022 9:46am
Quoting Hammertop
{quote} By "as soon as possible" I mean giving it a little room to breathe. Sometimes I just start moving the stop closer before taking it to b/e. I'm sorry but there is no hard rule. Quite some trades will end up at b/e. We just need to wait for the next good one. I think George mentioned that somewhere. Let's not forget that containing losses is the most important rule of all. It's taken me years to understand that... The winners will take care of themselves, but we need to take care of the losers first. A few losses which are smaller than what...
ah, i get your point hammertop, thanks alot. small losses are common in this strategy, the good ones will overcome the small losses. one last question, if your profit is 10 pips or more, how many pips you will trail your profits?
  • #3,418
  • Oct 12, 2022 8:34pm Oct 12, 2022 8:34pm
Well I'll ask my 2 questions here again that weren't answered last month.

Actually the most important question to me which is I cant seem to figure out is , when does the MADdash re-set / ZERO down ?? It didn't appear to at 5pm NY time .

Thanks .
  • #3,419
  • Oct 18, 2022 12:52pm Oct 18, 2022 12:52pm
Quoting idiamond
{quote} New MetaTrader 5 version Added Input options for all MetaTrader 5 Timeframes, i.e. for those not available by default with MetaTrader 4. {image} {file} {file}
Dear sir
thank you for your information
I have a idea if we used a MA distance / ATR14

MADX = Diff per day / ATR(14)

where..
Diff per day = last price - EMA27

thank you
chong
  • #3,420
  • Oct 18, 2022 8:53pm Oct 18, 2022 8:53pm
Quoting 919gilead
My best trade in a very long time {image} Left 86 pips on the table due to my mistake in not setting the trailing SL properly
dear sir
can you share this indicator??

thank you
chong
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