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Forex Trading Philosophy 362 replies

ATP - The Regurgitation to Wave Riding 27 replies

A Trader's Philosophy: Finding Success in Losing Trades 43 replies

Simple Trading Philosophy - Daily Trend Following 5 replies

Positioning yourself for Success (Advanced Trading Philosophy) 28 replies

Attachments: ATP (Advanced Trading Philosophy) - Positioning For Success
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ATP (Advanced Trading Philosophy) - Positioning For Success

Quoting damonl
Thanks SW....I am looking forward to putting this on my chart and seeing how it is helpful.

Much obliged
Me Too! Thanks SW.


WOW damonl you sure have an eye for the charts!!! This new AO trade is very cool!

I do have a question though. . . the directive for this trade is too use standard SL and TP and to take this trade regardless of current direction of trend, if I am not mistaken. So, I am wondering. . . if the current trend is long and the AODT says go short (sell) - are we to exit on a reversal signal still? What if this reversal (short -sell) agrees with the trade we have placed? (short- sell) . . .or should we wait until a disagreeing reversal signal (long).

I am not trying to be contrary, just trying to learn your thought process.

Thanks!
Please disregard my previous post regarding IBFX and Daylight Savings Time. Since it was Easter IBFX didn't open as early today, therefore no Sunday candle.

TimeFreedom

Quoting TimeFreedom
It looks like we no longer will get Sunday candles with IBFX for now. Something to do with Daylight Saving Time (DST).

TimeFreedom
Quoting SwingMan
Maybe can you use the DashBoard for signals...

(The indicator "Damon smNonLagMA_v1" must be in ...\indicators.
.

SUPER, I love this indicator.

Freddy
Quoting andante9
Me Too! Thanks SW.


WOW damonl you sure have an eye for the charts!!! This new AO trade is very cool!

I do have a question though. . . the directive for this trade is too use standard SL and TP and to take this trade regardless of current direction of trend, if I am not mistaken. So, I am wondering. . . if the current trend is long and the AODT says go short (sell) - are we to exit on a reversal signal still? What if this reversal (short -sell) agrees with the trade we have placed? (short- sell) . . .or should we wait until a disagreeing reversal signal (long).

I am not trying to be contrary, just trying to learn your thought process.

Thanks!
In your example above you would wait until it eiterh hits our S/L or you get a signal to exit your short positsions.
"Keep your eyes on the helpers" - Mr. Rogers
Quoting SwingMan
Maybe can you use the DashBoard for signals...

(The indicator "Damon smNonLagMA_v1" must be in ...\indicators.
.
Hey SW...i've been trying to uplaod the dashboard here, but I am unable to get any variables to show up. What am I don't wrong?

Thanks in advance
"Keep your eyes on the helpers" - Mr. Rogers
Can some1 please help me with this smdashboard- indicator. I just cant get it work, and I have no idea what I do wrong. Everytime I try to put it on a chart, my mt closes.
Well this thread has surely grown wings...
IBfx Sporadic Traded Account... All Time Return: 33.9%
Quoting SwingMan
Maybe can you use the DashBoard for signals...
Hello SwingMan, Dashboard seems a great addition, experimenting is underway. I modified the pairs to fit on mini account (USDJPYm,...)and everything works for now.

I would though like an explanation on values:
- are AC and AO values for last day (I mean, at 23:30 they display current day value or last day value? And at 00:01 they both siwtch to fresh values or they display the values for just finished day candle?)
- at ST and NL values, what are second values? Will NL ever display two blue/red/yellow arrows or always one red/blue and one yellow?

thanks

k.
I modified the pairs to fit on mini account (USDJPYm,...)and everything works for now.

Solved the problem for me that is was not indicating. Took a good night sleep and reading from my other fellow traders.
  • Post #470
  • Quote
  • Edited at 1:35pm Mar 24, 2008 8:27am | Edited at 1:35pm
DashBoard with a litle correcture for the ST signals. I'm working to the trading signals (you coude see the code), but isnt easy...

- It coud be that at the first start, the DashBoard is empty. Just restart the indicator, thats all.

- AC, AO and RSI are calculated for the last day: bar [1]. I hope that at 00:01, the calculation is made for 23:59 of the previous day...

- For ST and NL, the first arrow is the old signal, which coud be many bars ago. The second arrow is the signal (or trend for NL) at the bar[1] of the previous day (ST last, NL last).

- If you give the SymbolSuffix "m" in inputs, you have (hopely) the XXXYYYm pairs. In the previous version I forgot to do this.
.
Attached Image
Attached File
File Type: mq4 Damon smDashBoard_v1.mq4   20 KB | 291 downloads
smBodySwitch 3.5.0 Profit This Week: na
Quoting damonl
In your example above you would wait until it eiterh hits our S/L or you get a signal to exit your short positsions.
Ok - Thanks for clearing that up for me.
Quoting SwingMan
DashBoard with a litle correcture for the ST signals. I'm working to the trading signals (you coude see the code), but isnt easy...

- It coud be that at the first start, the DashBoard is empty. Just restart the indicator, thats all.

- AC, AO and RSI are calculated for the last day: bar [1]. I hope that at 00:01, the calculation is made for 23:59 of the previous day...

- For ST and NL, the first arrow is the old signal, wich coud be many bars ago. The second arrow is the signal (or trend for NL) at the bar[1] of the previous day (ST last, NL last).

- If you give the SymbolSuffix "m" in inputs, you have (hopely) the XXXYYYm pairs. In the previous version I forgot to make this.
.
If u could be kind enough to be specific or elaborate as to how to read the info on ur dashboard so it could be easier on us all so we can ask educative questions instead of wasting ur time with repetative questions

btw admirable job
GBU
Quoting availdollars
If u could be kind enough to be specific or elaborate as to how to read the info on ur dashboard so it could be easier on us all so we can ask educative questions instead of wasting ur time with repetative questions

btw admirable job
GBU
Surely you are right, but my english is so poor, that I prefer to write programs, instead to give explanations about...
smBodySwitch 3.5.0 Profit This Week: na
Quoting SwingMan
Surely you are right, but my english is so poor, that I prefer to write programs, instead to give explanations about...

NO NO NO, Swingman.

I think you are German and we Dutch and Germans solve our problems.
Send me the instructions, if you wish in German, and I will make an effort to translate it into proper English, and if my English does not come out solid, we have a bunch of friendly ppl here that are willing to help out to make it all look professional in your name.

I think Damon is also from German background, but he writes English almost flawlessly.

You can send it to my direct email:

[email protected]

Bis dann.

Freddy
OK Freddy, when I have to give too many explanations, then I send you to translate the first 20 pages!
smBodySwitch 3.5.0 Profit This Week: na
Hello Damon and everyone,

Just curious how things have been for everyone the past trading day. I've experienced especially rough time with EUR/JPY and EUR/AUD pairs. They both took a sudden turn around that produced quite a bit of a drawdown, which I found very strange and unexpected.

Just wanted to confirm to see if anyone else is having the same outcome, or is it just my own mistakes in placing my trades.

Other than that, everything else seems normal.

Cheers,

Tony
I am only trading G/U, E/U, U/CHF, U/J, and G/J and have not experienced much drawdown at this point.

TimeFreedom

Quoting tman378
Hello Damon and everyone,

Just curious how things have been for everyone the past trading day. I've experienced especially rough time with EUR/JPY and EUR/AUD pairs. They both took a sudden turn around that produced quite a bit of a drawdown, which I found very strange and unexpected.

Just wanted to confirm to see if anyone else is having the same outcome, or is it just my own mistakes in placing my trades.

Other than that, everything else seems normal.

Cheers,

Tony
I think that the system is guilty also for other time frames, and in this DashBoard version you can give other time frames as D1.

Just a question: at the time I write in the price column the bid price in the moment of indicator calculation. Is not better to write the open price of the current candle, or the close price of the last candle?
.
Attached Image (click to enlarge)
Click to Enlarge Name: testH4.GIF Size: 42 KB
Attached File
File Type: mq4 Damon smDashBoard_v1.mq4   21 KB | 289 downloads
smBodySwitch 3.5.0 Profit This Week: na
Quoting tman378
Hello Damon and everyone,

Just curious how things have been for everyone the past trading day. I've experienced especially rough time with EUR/JPY and EUR/AUD pairs. They both took a sudden turn around that produced quite a bit of a drawdown, which I found very strange and unexpected.

Just wanted to confirm to see if anyone else is having the same outcome, or is it just my own mistakes in placing my trades.

Other than that, everything else seems normal.

Cheers,

Tony
Hey TM...had a little drawdown myself, but am not worried about it. So far I have close 10% 2x and was almost ready to close again except market turned away. I was a couple hundred bucks away. That all since I started this thread..

I am still up in equity about 4% and I am hoping that the market wants the USD to continue to increase in value. If it does, I should reach my 10% tomorrow. If not, I am still up 20% for the month.

I am sure your drawdown is fairly small for your account size. All is well
"Keep your eyes on the helpers" - Mr. Rogers
Hi Damon,

Please see below chart for EUR/CHF. It looks like we had an NLCT long on 3/21. But the Monday bar (3/24) opened higher than the high of 3/21 bar. In a case like this how should we place an EES trade? Does this mean we have to wait for price to close back inside the set-up bar(3/21) before placing an EES trade? If price keeps going up without pulling back, we cannot place any long trades because no EES trade has been initiated. And therefore the only thing we could have done is cancel all pending short trades when we got the NLCT long signal on 3/21, and place TAMB short trade on 3/20 bar.

And from this point on, we continue to place daily TAMB short trades and not long trades for the above-mentioned reason. Am I getting this right? The only possible long trades at this point would be the previously placed TAMB long trades.

Cheers,

Tony
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