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Tease Me more @cpfleger

  • #1,041
  • Oct 9, 2023 11:21am Oct 9, 2023 11:21am
Kraneos,
Good trade, just try and watch for the Red SR Square to paint or zoom in and watch the last Blue Dotted Line candle WICK.
See screenprint.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 126 KB
  • #1,042
  • Oct 9, 2023 11:23am Oct 9, 2023 11:23am
Quoting cpfleger
ainz99, Excellent Document young man. You deserve a Medal for your time and effort. cpfleger {image}
Quoting Ronin-
{quote} Thank you for the summary. Excellent.
Thanks guys. I will start to post and share charts. Very difficult with work...but committing to this thread.
I can do all things through Christ who gives me strength
  • #1,043
  • Oct 9, 2023 8:30pm Oct 9, 2023 8:30pm
Quoting ainz99
{quote} Nice clean chart Ronin. I noticed in a few post back that the candles were not very important to this strategy and you just confirmed my observation. It took me a while since my last post in the Naked Trading forum by Steverino832 and getting caught up to this one. Attached is my contribution to the hard work by everyone here. It is a compilation of posts and charts to shorten the learning curve. I beleive the forum took a turn at post 669 where the current strategy matured. {image}
Thank you very much.
xinitial.
  • #1,044
  • Oct 9, 2023 9:25pm Oct 9, 2023 9:25pm
Quoting cpfleger
Gents, Curiosity has the better of me today - Has anyone hit a Stop Loss above or below a set of painted SR Lines ? If so, can you screenprint asap. cpfleger
Just happen.
xinitial.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-10-10 112045.jpg Size: 184 KB
  • #1,045
  • Oct 9, 2023 10:44pm Oct 9, 2023 10:44pm
Quoting cpfleger
Gents, Curiosity has the better of me today - Has anyone hit a Stop Loss above or below a set of painted SR Lines ? If so, can you screenprint asap. cpfleger
Well your goodself, Ronin and some others maybe have an advantage over me cos I don't have an mql4 file to look inside but given we know it's based on ZigZag I'm not sure why it should be such a surprise. Either that or I'm missing something obvious.
  • #1,046
  • Oct 10, 2023 12:51am Oct 10, 2023 12:51am
Waiting for channel
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  • #1,047
  • Oct 10, 2023 12:57am Oct 10, 2023 12:57am
XAUUSD 5min TF
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  • #1,048
  • Oct 10, 2023 1:06am Oct 10, 2023 1:06am
Great thread and community. Just signed up to Forex Factory to be a part of it and learn.
Looking forward to it.
Thanks to all with special mention to xinitial for starting thread, cpfleger for his wisdom and encouragement and Ronin- for his coding skills and time.
  • #1,049
  • Oct 10, 2023 1:23am Oct 10, 2023 1:23am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 23 KB

So following the rules this is not tradeable?
  • #1,050
  • Oct 10, 2023 1:33am Oct 10, 2023 1:33am
Done for short trading time in front of my computer.

Entry M1
Attached Image (click to enlarge)
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Exit M5
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xinitial.
  • #1,051
  • Edited 3:16am Oct 10, 2023 1:43am | Edited 3:16am
Quoting pret
{image} So following the rules this is not tradeable?
Pret. I'm totally critical of all indicators even those created by me. That is why Mr C has asked the question about hitting SL.

Look back on my posts. I have mentioned that the current channel leg or last leg (if Mr C) paints when the depth low / high of zigzag 12,5,3 calculation is complete. Therefore as other reviewers have stated it can be too late in a percentage of cases.

My concerns are the following:
1) Channel paints too late. - This can potentially be predicted by using zigzag depth high / low
2) The SR bands are highest high or lowest low for only a short period of time before being taken out. - This can potentially be addressed by adjusting length of indicator

Reviewers on this thread have shown that the SR Indicator and rules can lead to high a percentage of successful trades. I always questions whether there is something not in the rules influencing the results such as intuition, experience etc....
  • #1,052
  • Oct 10, 2023 1:45am Oct 10, 2023 1:45am
Quoting pret
{image} So following the rules this is not tradeable?
I would simply say that you have not read the rules! Or am I mistaken?
  • #1,053
  • Oct 10, 2023 1:53am Oct 10, 2023 1:53am
That's how I would have handled it, unfortunately I was not at the computer.
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  • #1,054
  • Oct 10, 2023 1:53am Oct 10, 2023 1:53am
Quoting Tiroler
{quote} I would simply say that you have not read the rules! Or am I mistaken?
Hi Ti thanks for replying but can you elaborate on your statement ?
  • #1,055
  • Oct 10, 2023 1:58am Oct 10, 2023 1:58am
Quoting pret
{quote} Hi Ti thanks for replying but can you elaborate on your statement ?
I just tried that, see screen printing!
  • #1,056
  • Oct 10, 2023 1:58am Oct 10, 2023 1:58am
Quoting pret
{quote} Hi Ti thanks for replying but can you elaborate on your statement ?
If you wait for the channel to appear it can be too late.
  • #1,057
  • Oct 10, 2023 2:00am Oct 10, 2023 2:00am
Quoting Ronin-
{quote} Pret. I'm the totally critical of all indicators even those created by me. That is why Mr C has asked the question about hitting SL. Look back on my posts. I have mentioned that the current channel leg or last leg (if Mr C) paints when the depth low / high of zigzag 12,5,3 calculation is complete. Therefore as other reviewers have stated it can be too late in a percentage of cases. My concerns are the following: 1) Channel paints too late. - This can potentially be predicted by using zigzag depth high / low 2) The SR bands are highest high...
Don't be too hard on yourself - no such thing as a non repainting/recalculating ZigZag
  • #1,058
  • Oct 10, 2023 2:00am Oct 10, 2023 2:00am
xinitial,
Thank you for your screenprinted SL Chart and I have one simple question - where are the Green Vertical Lines to justify the Buy trade ?
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 249 KB
  • #1,059
  • Oct 10, 2023 2:02am Oct 10, 2023 2:02am
Quoting cpfleger
xinitial, Thank you for your screenprinted SL Chart and I have one simple question - where are the Green Vertical Lines to justify the Buy trade ? cpfleger {image}

Hi C,

Due to the repaint of the indicator has gone from a SR Line below (where the trade was taken) and than was taken out by price and so became the SR Line above.
  • #1,060
  • Oct 10, 2023 2:03am Oct 10, 2023 2:03am
Quoting Tiroler
That's how I would have handled it, unfortunately I was not at the computer. {image}
I can't fault that assuming all the other rules were in place.
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