DislikedThanks, Imransait, it looks great. The new Laguerre settings seems spot on.
I'm going to try this on the 5M chart. Very generous of you.Ignored
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DislikedThanks, Imransait, it looks great. The new Laguerre settings seems spot on.
I'm going to try this on the 5M chart. Very generous of you.Ignored
DislikedSome tips that might make this better:
-Only trade with the medium term trend and ignore counter trend signals.
-Only trade during certain times of the day (avoid market open and close and news time)
-Use pivot points and S/R levels for your exits (or at least be aware of them). For example, dont take a trade directly into a support level, it needs "room to move"
All in all this looks good, but, I will need to change brokers because my spread is too high.Ignored
DislikedThanks bro, i would love to have ur setup also and see how it works, can you send me the indicators and ur template,.Ignored
DislikedMy setup is actually for trading off the 5min chart where I use price itself against the 8, 34 and 200 EMAs. I use +/- bands on the 34 ema rather than BBs as I prefer to set a couple fixed bands as a guide for an extended price that may lead to a pull back to the 34 eama.
I´ve now settled on the Snake in the Borders Force Indicator as my only indicator. I like the fact that it is not a bounded indicator, i.e.limited like the normal oscillator and the variation in bar thickness is very useful.
The EMA angle is just a histogram to clarify the slope changes in the 34 ema (or any other ema)
I use the same settings - except for the actual 34 ema bands for my 1 min chart, which I use when I need clarification - especially around Pivot Levels, Fibbos and the 00 numbers.Ignored
Dislikedok..sounds good..can u pm me the snake indicator,and i will setup and check it outIgnored
DislikedHeres my 1m chart with the Laguerre and Stochastic added.´
The arrows are typical entries as the 1m 34ema rolled over and price broke above / below. Also, you can see how the Snake shows early divergence, leading to a reversal.Ignored
DislikedThe laguerre is a really good indicator and with correct settings could work good as a single standalone indicator for entry and exit, stochs could be just to make sure and to get a second indication. The Snake indicator is also looking good..
I want to keep the system simple , so anyone can understand and use itIgnored
DislikedI´ve seen these comments elsewhere and whilst I have seen some repainting of the last 2 or 3 bars, mainly when both colours are being shown, I still find the snake very useful, especially as its not a bounded indicator.Ignored
DislikedGuys, i know this is wrong place to show this, but want to take senior guys opinions on this setup, attached is the chart setup on 1m g/jpy , my short and long trades SL is always 15 pips,
indicators used : Stochs - 14,3,3 , Lagueree - Gamma 0.7, bars to read 950 and Bollinger bands - 20, 0 and close ( default)
Long : when Stochs and Laguerre are at bottom
Short : when Stochs and Laguerre are at Top
All the guys who PM me, i will soon start a thread once i have my Live testing account open for using this strategy to trade the 500$ to 600K in one year account : wish me luck and pray for it to succeed. I will be giving 25% of whatever earnings i get from this strategy towards charity
Attached Thumbnailshttp://www.forexfactory.com/attachme...1&d=1190889137
thanks for revealing your strategy.But i have observed that stoch sometiems reverses b/4 laguerre;in dat case which do you follow? Also in the chat above laguerre and stoch was on top;stoch made an attempt to give a sell signal more than twice so allso laguerre,but price was still trending,how did you know the perfect reversal point b/4 you place your sell order!Ignored
DislikedThank you for sharing your method.
It seems Laguerre is not a bad indicator ( although it has some limits in itself)
However, on all your chart examples those entry points drawn are picked up on the chart after the chart was 'drawn' , in other words, there arent live signals.
The lines are going in the 'right ;direction to form a signal only after the candle is completed, sometimes even on the second candle. You cannot take a trade LIVE in those points because there isnt a signal on the candle opening
One another 'minor' thing for pips calculation dont forget to substract 8+8 = 16 pips from the move in GBP/JPY ( from the open spread and close spread) don't mention the fact that for a corresponding move in EUR/USD you took your real pips in GBP/JPY and divide them by 4 ( because gbp.jpy is formed by gbp.usd and usd/jpy in inverse correlation with one another.
and for example you get 50 pips in gbp.jpy on the chart , the drawdown is :
50 - (8+8) = 36 / 2 = 18 /2 = 9pips These are clean pips left.
regards,Ignored
DislikedThank you for sharing your method.
It seems Laguerre is not a bad indicator ( although it has some limits in itself)
However, on all your chart examples those entry points drawn are picked up on the chart after the chart was 'drawn' , in other words, there arent live signals.
The lines are going in the 'right ;direction to form a signal only after the candle is completed, sometimes even on the second candle. You cannot take a trade LIVE in those points because there isnt a signal on the candle opening
One another 'minor' thing for pips calculation dont forget to substract 8+8 = 16 pips from the move in GBP/JPY ( from the open spread and close spread) don't mention the fact that for a corresponding move in EUR/USD you took your real pips in GBP/JPY and divide them by 4 ( because gbp.jpy is formed by gbp.usd and usd/jpy in inverse correlation with one another.
and for example you get 50 pips in gbp.jpy on the chart , the drawdown is :
50 - (8+8) = 36 / 2 = 18 /2 = 9pips These are clean pips left.
regards,Ignored
Dislikedi AGREE WITH U, BUT LETS FIND A WAY TO MAKE THIS WORK[AFTER ALL ITS ALL ABOUT THE PIPS]Ignored