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Histogram idea for using MADDash indicator 16 replies

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MADdash (Moving Average Distance)

18-Nov-24
Entered Multiple pairs with AUD and NZD on weak side , CHF & USD on strong side.

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After all the trades its just 6Pips earning. Lol
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Quoting Erebus
{quote} Same as any strategy using Moving Averages, there will be LAG Good Luck
Yea, incredible lag. Once it starts to show on Maddash - its kinda late and moves have already happened. Only hope is to expect it to continue further to next S/R probably. I am just a beginner and this fascinated me. Like it though.
19-Nov-24

As said by @Erebus , sometimes it can lag. I was thinking, can Maddash identify liquidity run pairs before hand. The concept of AMD is running though on youtube and trending these days. Could the strongest currency be manipulated to make u think its the strongest before turning over. I switched to HTF and checked the trend. H4 shows good bearishness in my eyes, so I am presuming - AUDJPY . I am assuming that AUD is strong just for this manipulation reason, I am picking the top at this point, not sure how its gonna play out. But trying it out. If I am wrong, then I am wrong. I should move to BE though, even though slight profit but sticking by the trade to test the result
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Above continuations

Was under the impression AUD and NZD will weaken, but USD, EUR , GBP weakened againt JPY being strongest. What u think doesnt happen in market. Although, I am in good profit for NZD, AUD, JPY pairs, Booking profit.
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Thank you Erebus for pointing about lagging based on MA. Took note of that.
Only after effing booking the profit market wants to reward some imaginary pips in mind. DAMNN
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20-Nov-24
GBPJPY - Loss - 17Pips -ve .

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Quoting honestknave
Latest Version: 1.38 ------------------------ Frequently Asked Questions click here ------------------------ What is MADdash? A multi timeframe dashboard looking at price's distance from a moving average. Where do I put the file? In the EXPERTS folder. It is a large dashboard designed to take over a chart. Latest version is an INDICATOR What is the background to MADdash? Back in April I started...
Seems a very effective system.
Read post #1 !! Then read it again 10 more times before you ask.
10-Dec-24

Took like multiple pairs with 0.01 lot size for very small scalp.

Strong side - EUR,GBP, CAD, USD
Weak side - AUD, NZD

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11-Dec-24

JPY Weakest , so went all Buy side on pairs with JPY
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Will trail manage all of them
12-Dec-24
AUD,NZD- Strong side
CHF,JPY,EUR,GBP,USD -Weak side

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Closed positions
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The dollar value isnt much, but the concept is working in respect to the pip value
Hello Traders!

It's about a week ago when I came across this thread. I was strugglinig with a wide range of assets alarm system. Now this problem doesn't exist anymore.
We are in december 21st, 2024. And it's working like a charm. I just need to hover on 4 different charts. A breeze.
The idea is simply brilliant, and I wish to thank the person who did this job and gave to the traders community. This forum is amazing.
Regards from Brazil!
Quoting Tricolor77
Hello Traders! It's about a week ago when I came across this thread. I was strugglinig with a wide range of assets alarm system. Now this problem doesn't exist anymore. We are in december 21st, 2024. And it's working like a charm. I just need to hover on 4 different charts. A breeze. The idea is simply brilliant, and I wish to thank the person who did this job and gave to the traders community. This forum is amazing. Regards from Brazil!
What do you mean by " 4 different charts"?
Read post #1 !! Then read it again 10 more times before you ask.
Quoting RiskFighter
{quote} What do you mean by " 4 different charts"?
I find useful to choose the 2 best performers against the 2 worst performer currencies, and wait for the pullback, this selection makes 4 charts. Its fantastic to choose the charts properly instead of looking everywhere. I had alerts in 40 different charts and getting crazy with false signals.
Quoting Tricolor77
{quote} I find useful to choose the 2 best performers against the 2 worst performer currencies, and wait for the pullback, this selection makes 4 charts. Its fantastic to choose the charts properly instead of looking everywhere. I had alerts in 40 different charts and getting crazy with false signals.
OK. Thanks. That is the same thing I do. Waiting for the pullback that shows on the lowest timeframe and invest when the strength return.

The strategy means that you never get the beginning of a trend, because the strength has not developed at that time, but you can get the first pullback - and the coming pullbacks if the strength continue.

For the time being I use a multiple timeframe CCI tool. It does the same thing as the MADdash, so it is only a choice. I might switch to MADdash - I don't know right now.

This way of selecting pairs to trade is very new to me too, so I am in a test right now.

The CCI tool is the one in the middle of my screen.
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Read post #1 !! Then read it again 10 more times before you ask.
23-Dec-24
CADCHF
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Quoting worstiez
23-Dec-24 CADCHF {image} {image}

Hello Worstiez!

Can you explain the criteria you have to pick the pair you will trade. I was watching your decision and this question came up.
Thanks mate.

Happy new year, yall!
Quoting Tricolor77
{quote} Hello Worstiez! Can you explain the criteria you have to pick the pair you will trade. I was watching your decision and this question came up. Thanks mate. Happy new year, yall!
Mostly with reference to strong vs weak. USD,EUR was strong. JPY,CHF were weak. I checked through all 4 possible pair combinations on these, but didnt fit my entry criteria. So CAD usually goes along USD in similar fashion, here it was lagging behind, I saw some set of strength on CAD , checked with JPY , CHF as well, took on CHF as it was good enough for me. Took it.
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