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Tease Me more @cpfleger

  • #1,561
  • Oct 21, 2023 9:59am Oct 21, 2023 9:59am
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  • #1,562
  • Oct 21, 2023 10:40am Oct 21, 2023 10:40am
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  • #1,563
  • Oct 21, 2023 10:42am Oct 21, 2023 10:42am
Quoting Ronin-
{quote} Agree See posts https://www.forexfactory.com/thread/post/14623340#post14623340 https://www.forexfactory.com/thread/post/14623380#post14623380 Also this allows for automation.
Ronin-,
I'll read it again. Thank you.
  • #1,564
  • Oct 21, 2023 2:51pm Oct 21, 2023 2:51pm
These hindsight charts can be very misleading. Some may find it helpful to use Ronin's ZigZag5 indicator which shows all the places the zigzag has been. This will give you a clearer indication and refection as to what the state of play was at that time.
  • #1,565
  • Oct 21, 2023 7:32pm Oct 21, 2023 7:32pm
Quoting xinitial
{quote} Everyone has their own style and way of reading indicators. Why does Sir CPfleger insist that we follow the rules? In my opinion, because trading requires discipline, patience and no emotions. Why are we still not successful even though we have followed the rules? Because we are too fixated on the rules, and obey the rules without knowing the meaning of the rules. example : Entry on the white arrow when dotted SR appears, I don't enter immediately, I look at the movement of the candle, whether the candle is double wicked or 1 wick. If it...
If you already understand a little about a system/combination of several indicators, try to put it into an EA

test the EA in various ways (just 1 pair with several TFs) until you find a weakness in your strategy, not enough 1-2 months, fix existing weaknesses, test again

If the improvements are optimal and the EA still cannot overcome the existing weaknesses, find a way to overcome them with manual trading

Strategy in trading mostly still revolves around reading signals according to indicators, an EA should have more value than that, such as recording signals sequentially, from there different lots and TP can be conditioned on signals 1,2,3,4..... .etc

After you understand your strategy manually and the EA, return to manual trading from the EA's point of view

You can use EA only for inducement or reflection of your strategy

You can use the M1 Chart with the M1 + M5 + M15 indicators in 1 chart

You can use an extended vertical monitor to make it easier

Any rules are only a guide so that we don't get off track, not to overcome forex trading

simple is just a trader's obsession, nothing is simple in trading

good luck
  • #1,566
  • Oct 21, 2023 7:53pm Oct 21, 2023 7:53pm
Quoting Darwati
{quote} If you already understand a little about a system/combination of several indicators, try to put it into an EA test the EA in various ways (just 1 pair with several TFs) until you find a weakness in your strategy, not enough 1-2 months, fix existing weaknesses, test again If the improvements are optimal and the EA still cannot overcome the existing weaknesses, find a way to overcome them with manual trading Strategy in trading mostly still revolves around reading signals according to indicators, an EA should have more value than that, such...
Thank you for your suggestion.
xinitial.
  • #1,567
  • Edited 9:33pm Oct 21, 2023 9:23pm | Edited 9:33pm
Attached Image (click to enlarge)
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Busy week coming up for Red Flag news and the Wild..Wild West show Show for Gold and Silver...
Ronnie Renko
  • #1,568
  • Oct 21, 2023 10:05pm Oct 21, 2023 10:05pm
Quoting cpfleger
~~ I would like to hear any comments about this one-off SR Indicator besides add a Button. cpfleger {image}
A user option to set the number of previous bars the indi is drawn on. Even if selected from a drop down list, ie 1000, 5000, 10,000.
Good Trading
  • #1,569
  • Oct 22, 2023 12:13am Oct 22, 2023 12:13am
Dear Reviewers,

The indicator does repaint and I have always been wary of this but do believe the indicator is of use. Hence the observations posted based on an expert advisor I have made and continue to test for the reason stated by Darwati (https://www.forexfactory.com/darwati).

Another way to see the weaknesses are using strategy tester build within MT4 and watch how the indicator behaves. This is why a higher number for length is better together with some filters. Various filters are still being tested and takes time.

Ced74 has shown / hinted at a number of different way to use the indicator and filters.

Thank you reviewers for your contributions.
  • #1,570
  • Oct 22, 2023 12:21am Oct 22, 2023 12:21am
[quote=cpfleger;14626165]Gents, For Conversation Purposes... Now, I attach a Bitcoin M1 TF Chart with our latest SR Indicator V3.2 attached to the Chart. 1 Indicator and minimum trading Rules - 1) Stop Loss Line (double red Arrow) 2) SR Line changes Color 3) Open a Trade in the vertical line direction. Now, I believe we have a very Low percentage value (- less than 10%) of hitting the defined SL over 1 hour of trading time (1M TF x 60 Minutes). Now, this is a compliment to Ronin as this is above average percentage for any MT4 Indicator. I would like to hear any comments about this one-off SR

I would like to hear any comments about this one-off SR Indicator besides add a Button.

Could be made multi time frame
  • #1,571
  • Oct 22, 2023 12:24am Oct 22, 2023 12:24am
Quoting Ronin-
Dear Reviewers, The indicator does repaint and I have always been wary of this but do believe the indicator is of use. Hence the observations posted based on an expert advisor I have made and continue to test for the reason stated by Darwati (https://www.forexfactory.com/darwati). Another way to see the weaknesses are using strategy tester build within MT4 and watch how the indicator behaves. This is why a higher number for length is better together with some filters. Various filters are still being tested and takes time. Ced74 has shown...
Ced74 has shown / hinted at a number of different way to use the indicator and filters

Looks like Ced has added a couple of TMA's to the chart.
  • #1,572
  • Edited 1:10am Oct 22, 2023 12:54am | Edited 1:10am
Picking up on Ced's idea, here's a chart with a couple of TMA's thrown on - note when the inner TMA comes outside of the outer TMA. Bear in mind that TMA's also repaint/recalculate.
Attached Image (click to enlarge)
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  • #1,573
  • Oct 22, 2023 1:18am Oct 22, 2023 1:18am
Quoting handy148
Quoting cpfleger
Gents, For Conversation Purposes... Now, I attach a Bitcoin M1 TF Chart with our latest SR Indicator V3.2 attached to the Chart. 1 Indicator and minimum trading Rules - 1) Stop Loss Line (double red Arrow) 2) SR Line changes Color 3) Open a Trade in the vertical line direction. Now, I believe we have a very Low percentage value (- less than 10%) of hitting the defined SL over 1 hour of trading time (1M TF x 60 Minutes). Now, this is a compliment to Ronin as this is above average percentage for any MT4 Indicator. I would
...
Whilst there is no specific time period option. The indicator is already multi time frame just change the length.

For example if your on M5 chart using length 24. If you want the indicator from M15. 24 x 3 = a length of 72.

I use M5 and length 120.
  • #1,574
  • Edited 2:11am Oct 22, 2023 1:56am | Edited 2:11am
Quoting handy148
Picking up on Ced's idea, here's a chart with a couple of TMA's thrown on - note when the inner TMA comes outside of the outer TMA. Bear in mind that TMA's also repaint/recalculate. {image}
I am sure most folks know about the TMA which can come in different forms and settings......Indicators only follow the price and can lag or recalculate.....One needs to test different settings,T/Frames,candles or Renko.....Over 30+ years I have tested thousands of indicators/systems and and I only use one with default settings.....The less the number of indicators the better and I trade with only candles on High Red Flag news e.g FOMC/NFP
I do beleive that this indicator has potential after testing since this thread started and I have a high S/Rate .....I for one thank the creator for providing this indicator ..

The TMA shown in the image I posted is an old one which I have used for many years...Good pick up handy148 re correlation of the top/bottom two lines.....Centre line is also importantant and more so on Renko and will save one from many losses....Just my humble opinion.

R
Ronnie Renko
  • #1,575
  • Oct 22, 2023 2:12am Oct 22, 2023 2:12am
Quoting Ced74
{quote} I am sure most folks know about the TMA which can come in different forms and settings......Indicators only follow the price and can lag or recalculate.....One needs to test different settings,T/Frames,candles or Renko.....Over 30+ years I have tested thousands of indicators/systems and and I only use one with default settings.....The less the number of indicators the better and I trade with only candles on High Red Flag news e.g FOMC/NFP I do beleive that this indicator has potential after testing since this thread started and I have a...
I feel a certain affinity with Ced cos I'm 76 and he's in his 80's I believe, but moreso cos like me he's a renko man. Out of respect for the thread owner I don't show renko charts in here as it's HA based although it's perfectly possible to overlay HA on to renko.
  • #1,576
  • Oct 22, 2023 2:25am Oct 22, 2023 2:25am
Quoting handy148
{quote} I feel a certain affinity with Ced cos I'm 76 and he's in his 80's I believe, but moreso cos like me he's a renko man. Out of respect for the thread owner I don't show renko charts in here as it's HA based although it's perfectly possible to overlay HA on to renko.
Yes I am a Renko trader and have done so for 27+ years but like handy148 I will not pollute this thread with my Renko charts which work extremely well with this indicator
.
Good to see another Golden Oldie here
Ronnie Renko
  • #1,577
  • Oct 22, 2023 2:45am Oct 22, 2023 2:45am
Quoting Ronin-
The updated version of the S&R Direction Indicator is available. Version 3 The indicator and helper file should be place in the indicator folder. Only the indicator should be added to the chart. The indicator expires on 2 November 2023. Note: The indicator will NOT work without the Helper file. C please update template. Thank you. {file} {file}
Maybe it's a good idea to add the OBOS-stochastic level and CCI 100/-100 level for additional filters on your SR indicator
Dot Red= Overbought stochastic
Dot Aqua = OverSold stochastic
Up Arrow = CCI leaves the -100 level
Down Arrow = CCI leaves the +100 level

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmM1.png Size: 29 KB

Attached File(s)
File Type: ex4 Darwati-StochCCI.ex4   12 KB | 192 downloads


this indicator need S&R Direction Indicator 3
  • #1,578
  • Oct 22, 2023 3:47am Oct 22, 2023 3:47am
Quoting Darwati
{quote} Maybe it's a good idea to add the OBOS-stochastic level and CCI 100/-100 level for additional filters on your SR indicator Dot Red= Overbought stochastic Dot Aqua = OverSold stochastic Up Arrow = CCI leaves the -100 level Down Arrow = CCI leaves the +100 level {image} {file} this indicator need S&R Direction Indicator 3
OBOS stochastic 10/90 , CCI -100/100 on High-Low candle
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmM5.png Size: 21 KB

Attached File(s)
File Type: ex4 Darwati-Stoch10-90CCI.ex4   11 KB | 219 downloads
  • #1,579
  • Oct 22, 2023 4:28am Oct 22, 2023 4:28am
Good pick up handy148 re correlation of the top/bottom two lines.
This is the method described by JM Hurst to find cycles within the markets. It is part of the phase analysis. The TMA indicator was coded / made based on JM Hurst method.

http://www.sentientcode.com/downloads/SentientTraderHelp/images/hurst_figure_one.jpg
  • #1,580
  • Oct 22, 2023 5:05am Oct 22, 2023 5:05am
Quoting Ronin-
Good pick up handy148 re correlation of the top/bottom two lines. This is the method described by JM Hurst to find cycles within the markets. It is part of the phase analysis. The TMA indicator was coded / made based on JM Hurst method. http://www.sentientcode.com/downloads/SentientTraderHelp/images/hurst_figure_one.jpg
Yes I'm familiar with the work of Hurst although some of it above my pay grade.

There is a thread on FF dominated by parisboy who seems to have taken it to another level, but the majority of his stuff is way above my pay grade.
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