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Trading Made Simple(r)

  • #8,781
  • May 18, 2024 4:18pm May 18, 2024 4:18pm
Quoting lover5576
This is my first post here. Please forgive me for my weak language. This indicator gives you a signal for the next candle and appears at the end of the candle. I want help with it appearing and disappearing on the same candle it appears on and not after it is closed. Is it possible to help me with this? {image} {file}
Hello, and welcome. I cannot help you with it, but possibly SwingMan who is the resident expert on MT4 coding on ForexFactory.com can help you (in my opinion), if not for some reason, there is a thread on this website where some member says that they will write or fix your code (or at least they did a while back). Try doing a search on this website for that person's thread.
Always a Student, Never a Master - Emulate What Works
  • #8,782
  • May 19, 2024 6:32am May 19, 2024 6:32am
Attached Image (click to enlarge)
Click to Enlarge Name: MACRO 1.png Size: 62 KB

1.GOLD MACRO
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2.MONTHLY CHART
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3.WEEKLY CHART
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4.DAILY CHART. Our entries.You can add in your first position or you can open-close and re-open
Attached Image (click to enlarge)
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5.Whoever wants to create a PHYSICAL gold reserve must add to his position.
  • #8,783
  • May 19, 2024 11:37am May 19, 2024 11:37am
I want to make everyone aware of something that I think is important to know about the RobinHood Oscillator (aka RHO) settings.

*Regarding the RHO settings, I am using only ema's on my chart below.

The 11-13 settings (the red and blue bars) I have never changed starting from early on when I created the indicator.

However, it took me a long time to settle on the 5-10 (the yellow bars) settings, but I actually did that because it looked better on stock charts than the other settings I tried. (Stock charts typically look different to me than Forex charts, so I often use different indicators and different settings).

I have also used 6-10 and 7-10.

I just added 3 RHO's to a chart to show you the differences between using 5-10, 6-10, or 7-10. There's not much difference between how the 5-10 and 6-10 look from each other, but the 7-10 does usually look quite a bit different than the other two.

I think you should do the same thing and you decide which settings you like most.

Personally, I think the 7-10 looks the best on the Forex.
Attached Image (click to enlarge)
Click to Enlarge Name: RHO Settings.png Size: 105 KB
Always a Student, Never a Master - Emulate What Works
  • #8,784
  • May 21, 2024 2:08am May 21, 2024 2:08am
Quoting SwingMan
{quote} Phiên bản mới RHO-Pro-4 {file} {image
Hello.
Can you add an alert for the RHO indicator when the arrow appears?
Thank!!!
  • #8,785
  • May 22, 2024 3:24am May 22, 2024 3:24am
I am starting today an evaluation challenge with the RHO indicator and the backtested method that I described in post 8,782.The daily time frame for opening positions. I will update you every Friday at 8 pm UTC I will only look at indicators and not at all fundamentals and news. I believe this should be useful for the community. So let's see how this method works in a live market.

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Attached Image (click to enlarge)
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  • #8,786
  • Edited May 24, 2024 6:45am May 23, 2024 4:54pm | Edited May 24, 2024 6:45am
After creating a chart with FOUR "RHO Pro 4" on it yesterday, just like trade1969 did just above, I came up with using only 2, ironically enough, the same 2 that SwingMan presented on his chart. After comparing all 4, those 2 looked the best together to me, because let's face it, it's not that much difference between a ema and a SMA which is what the other two are. I am using the LWMA and the SMMA and they are quite different.

It took me 4 hours to create exactly what you see on the chart below. You only go Long when all 3 bars in the 3 lower windows are blue at the same time, and you only go short when all 3 are red at the same time, and you do not "need" to exit just just because you get the occasional white bar in between the red or blue bars, only when the white bar changes to the opposite side of zero.

Trading is HARD but I have tried to make this template as foolproof as possible. This should make trading EASY, really, really easy because there's no guesswork, except "maybe" as when to get out.

The ema's on the chart are not needed, it's just that when I removed them, the chart looked naked, and I had no sense as to: trends and non-trends and "chop and slop" (as I call it), etc. So I left them on.

I am calling this trading setup/template, RHO Pro Triple Threat (every template must have a name, right?).
Attached Image (click to enlarge)
Click to Enlarge Name: RHO Pro TT.png Size: 96 KB

Look at the losing trades it keeps you out of, not losing is almost as good as winning but just a tad less profitable.

Here's the template:
Attached File(s)
File Type: tpl RHO Pro 4 - Triple Threat.tpl   8 KB | 907 downloads


I just realized that some of you may not have one of the indicators that you will need, so here it is.
Attached File(s)
File Type: ex4 smTMMS Oscillator_v7.2.ex4   41 KB | 920 downloads
Always a Student, Never a Master - Emulate What Works
  • #8,787
  • May 23, 2024 7:45pm May 23, 2024 7:45pm
Quoting RobinHood
After creating a chart with FOUR "RHO Pro 4" on it yesterday, just like trade1969 did just above, I came up with using only 2, ironically enough, the same 2 that SwingMan presented on his chart. After comparing all 4, those 2 looked the best together to me, because let's face it, it's not that much difference between a ema and a SMA which is what the other two are. I am using the LWMA and the SMMA and they are quite different. It took me 4 hours to create exactly what you see on the chart below. You only go Long when all 3 bars in the 3 lower windows...
Cannot find the smTMMS Oscilator v7.2 as in your template (I have version 7.3.1., the template,naturally, does not recognize it - a different version).
Thanks
  • #8,788
  • Edited 2:28am May 24, 2024 2:12am | Edited 2:28am
New version RHO-Pro-5
Attached File(s)
File Type: mq4 RHO-Pro-5.mq4   25 KB | 652 downloads


Quoting RobinHood
...It took me 4 hours to create exactly what you see on the chart below...
Maybe you need other hours to test version 5 now...
I also tried to reproduce your template with arrows, maybe it worked.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.rDaily.png Size: 30 KB



In version RHO-Pro-5 I programmed alerts when the arrows appear, please test, you can turn them on and off.

Important note (try to understand):

There is now a new parameter: KeepFirst_ArrowSignal = true/false;
In the RHO indicator, the MACD line can cross the zero line several times until a bar is drawn to the end, and an arrow can appear and then disappear. This gives the impression of repainting.
The first alert remains.

In the chart below, you can see that the RHO-Pro-4 draws all signal arrows when they appear, and the RHO-Pro-5 deletes the arrows when the crossing for the same bar is no longer there.
I have chosen to keep the first signal arrows as the default setting, so that you can visualize the chart development.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.rM5.png Size: 16 KB
  • #8,789
  • May 24, 2024 6:47am May 24, 2024 6:47am
Quoting MidnightRun
{quote} Cannot find the smTMMS Oscilator v7.2 as in your template (I have version 7.3.1., the template,naturally, does not recognize it - a different version). Thanks
v7.2 is in the post just below the template.
Always a Student, Never a Master - Emulate What Works
  • #8,790
  • May 24, 2024 7:20am May 24, 2024 7:20am
Quoting RobinHood
{quote} v7.2 is in the post just below the template.
Yes, thanks, I saw it last night
  • #8,791
  • May 24, 2024 7:37am May 24, 2024 7:37am
Quoting SwingMan
New version RHO-Pro-5 {file} {quote} Maybe you need other hours to test version 5 now... I also tried to reproduce your template with arrows, maybe it worked. {image} In version RHO-Pro-5 I programmed alerts when the arrows appear, please test, you can turn them on and off. Important note (try to understand): There is now a new parameter: KeepFirst_ArrowSignal = true/false; In the RHO indicator, the MACD line can cross the zero line several times until a bar is drawn to the end, and an arrow can appear and then disappear. This gives the impression...



yet another better version ... it gets better and better ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,792
  • May 24, 2024 8:02am May 24, 2024 8:02am
Quoting emmanuel7788
{quote} yet another better version ... it gets better and better ...
OK, these are necessary little things to improve if an indicator is new to me.

Maybe you saw in my charts: I follow your EMA-5, and always notice that it is only 80% as precise as the signals of my world's best GoldenCross indicator...
  • #8,793
  • May 24, 2024 8:16am May 24, 2024 8:16am
Quoting SwingMan
{quote} OK, these are necessary little things to improve if an indicator is new to me. Maybe you saw in my charts: I follow your EMA-5, and always notice that it is only 80% as precise as the signals of my world's best GoldenCross indicator...
Where can I get your "world's best GoldenCross indicator"?
Always a Student, Never a Master - Emulate What Works
  • #8,794
  • May 24, 2024 8:36am May 24, 2024 8:36am
Quoting RobinHood
... Where can I get your "world's best GoldenCross indicator"?
Quite simply, in my thread
https://www.forexfactory.com/thread/...-trading-idea?
  • #8,795
  • May 24, 2024 8:58am May 24, 2024 8:58am
Quoting SwingMan
{quote} Quite simply, in my thread https://www.forexfactory.com/thread/...-trading-idea?
G. Thank you for the link, I'll read the whole thread this weekend.
Always a Student, Never a Master - Emulate What Works
  • #8,796
  • Edited May 25, 2024 7:30am May 24, 2024 1:44pm | Edited May 25, 2024 7:30am
Regarding the RHO Pro Triple Threat that I posted in Post # 8786...

What I actually set out to do was teach my really close friend who was struggling as a trader how to be successful at trading. I made the post here because it's the best and simplest way for me to convey trading information to others. Often in the past I have gotten private messages from traders here and I often also convey trading information to them in the same way. I've learned that if one trader is having certain difficulties in trading, then most likely other traders are also having the same difficulties. So by me posting things here, hopefully lots of traders benefit from the info instead of just one.

My friend installed the Triple Threat template and indicators, and my advice them was to start off by trading small, because if you can't win trading small, you definitely can't win trading big.

This was their first attempt at using it today trade 2 Forex pairs and they sent me a screenshot of their results.
Attached Image (click to enlarge)
Click to Enlarge Name: TTT Results.png Size: 80 KB
Always a Student, Never a Master - Emulate What Works
  • #8,797
  • May 24, 2024 1:54pm May 24, 2024 1:54pm
RHO and Goldencross looks an interesting combination
  • #8,798
  • May 24, 2024 3:52pm May 24, 2024 3:52pm
Attached Image (click to enlarge)
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FRIDAY 22/5
  • #8,799
  • May 24, 2024 3:56pm May 24, 2024 3:56pm
Quoting RobinHood
Regarding RHO Pro Triple Threat that I posted in Post # 8786... What I actually set out to do was teach my really close friend who was struggling as a trader how to be successful at trading. I made the post here because it's the best and simplest way for me to convey trading information to others. Often in the past I have gotten private messages from traders here and I often also convey trading information to them in the same way. I've learned that if one trader is having certain difficulties in trading, then most likely other traders are also having...
Very nice
  • #8,800
  • May 24, 2024 9:13pm May 24, 2024 9:13pm
Dear SwingMan and Robin Hood.
Your indicators and your trading idea I like, it is a great work.

Just for fun I played around with the indicators. Maybe one can do it also in that way and maybe improve it further in that way?
Its just an idea.

Attached Image (click to enlarge)
Click to Enlarge Name: Idee.jpg Size: 238 KB


What do you think about that?

Kind regards.
Michael
Don't trade because you think you have to do something.
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