Anybody got some ideas?
Super signal is very impressive after installation but , unfortunately, in real time, it's totally different.
Keep your CCI, 4xq http://www.forexfactory.com/images/icons/icon12.gif
Everybody adds his own indy: it's good but don't forget especially in 1m TF we have to trade quickly.
If there are many indies to observe, in my opinion it's bad.
Let's try only an indy and remember the 4xq's rules: a good trend, a re-emergence of red MAs and an agrement with our favorite indy (CCI, Lag,etc)
About the indy, we need especially a filter to avoid to take a bad entry.
If, in the same time, it can give an agrement, it's cool.
. I used this technique on brokers, I got the signals on a fast one and placed the orders on one with slow feed...Back to the future.Looks that I'm too naive, I trust indicators
Thx bro, you got it. I try to simplify, as I found that simple things work the best, so a 10 year old can use it. There are plenty of entry points, like we had in the beginning of the tread, but to fine tune and maximize the profits we need an indicator/filter to eliminate the loosers and to to spot the exits in some way...for scalping TP10 or LG, for riding the trend Trailling Stop, Step Stop, or maybe LG on the 5min.
About speed...I use this 3 pairs because they behave almost in tandem in the US session, having the $ in each...one of them is leading the pack, the yen is the last, eur and gbp take turns, but mostly the eur. When I get a signal in the leader, that happens shortly after in the second runner up and then in the yen. So is like seing into the future a good few sec. That's a golden egg from the goose
Also I use scrips to enter and exit fast, for exit a CloseAll is a good idea.
Hi 4xq,
Good stuff. I'm testing something partialy similar with a collection of mas (not a whole rainbow) and on higher tfs 5m-1h.
What I would suggest to you is to use a better r:r, 1:1 should do the job. Basicly the main edge this stuff gives you is catching the beginning of a wave that shows good potential momentum. Thus, if for some reason the trade doesn't quickly go into profit the momentum is cut short and your edge significantly diminishes, which is why I don't see the point of having an sl any larger than your tp.
Also, at least for EU in particular on a 1m chart 10 pips may be a bit high. Maybe 8 pips with an equal sized sl would work better.
Another possibility, is to use the same rainbow on the 5m chart as well as verification instead of just a single ma, it may make it easier for you to see the bigger picture.
Last thing I'd mention is that you could check higher tfs for trading this as well, for example I'm testing on 5m and 15m in particular and you can capture pretty nice moves that way, don't have to go for 1:1 even, you can tp half and let the rest run if you believe a bigger move could develop - for example within the 1-2 hours before London open there are often pretty big moves developing that you can take advantage of. In such a case you'll ussualy see the mas contract behind the price in their respective order and then a sudden explostion starts so you can wait for the first 5m or 15m bar to close and take a good r:r high potential trade.
GL
...they leave footprints and big waves all over the place.I'm working on London session and I use only 2 pairs GBPUSD and USDJPY ( weak spread )
I'm thinking an EA of your system is realist with a filter.
What do you think about ? Are you a coder ?
...
1 4 all
Wednesday...pair with high interest as base...second curr low interest...in a daily uptrend...elephants and whales go in, and out after close....ie. USD/JPY...146 pip move
The zoo is growing
Follow the giants, they leave huge footprints
Williams
1 4 all
Wednesday...pair with high interest as base...second curr low interest...in a daily uptrend...elephants and whales go in, and out after close....ie. USD/JPY...146 pip move
The zoo is growing
Follow the giants, they leave huge footprints
Williams
