FX-50 Great Scalping System

All the Hilbert stuff is DSP solutions. Look for books by John Ehlers, he wrote a book titled, "Rocket Science for Traders: Digital Signal Processing Applications".

The indicator I use is part of a C++ package, but I did find this MQL implementation.

Dan

Can you tell us what settings you are using for the guppy MAs ? Thanks

Thanks a ton redpine!

I have to say the old FX-P thread, and this thread have been a wealth of information, and great indicators!

Over the last year, I've tried out zillions of indicators (at least) and one conclusion I've come to is that most of them are telling you the same thing, just in different visual ways. Some of them show you exactly the same thing.... for instance, a 50-period cci histogram looks exactly the same as a 5/35/5 macd histogram, which looks exactly the same as a Bollinger Squeeze histogram with the right settings..... and the i-Trend indicator is almost identical to the +DI/-DI lines in the ADX indicator, etc, etc. And we all know by now that the cci lines correspond to moving averages. The trick is to find a good combination that tells you what you need to know with a fairly quick look at the chart. And I'm sure different visual methods will work better for some people and worse for others.

So after lots of trial and error and learning a LOT from these FX-Prime and FX-50 threads, I've come up with a visual look that has really helped me, not only how to spot good upcoming trades but how to stay out of the bad ones. (I wasn't really very impressed with the v2 filter)

I've also discovered I really like Laguerre a lot better than regular RSI. It seems to be much less choppy and easier to read (I use .85 setting, not the standard). I've also discovered that for me, personally (and this could just have to do with the way I interpret what I'm seeing), it doesn't help much to try to stay inside the larger trend (like the cci89 or cci170). I find it's kind of six-of-one, half-a-dozen of the other whether you try to stay with those trends or not, because they change frequently (particularly on 1-minute charts), and a lot of really good moves start on the other side of the trend that you would miss.

Anyway, have attached a chart with a visual method that has been working for me. The icing on the cake was the instant trendline indicator that was just posted (thanks!!). I tried it out with my chart and it just brought it all together.

The rules are really simple...

Look for a very tight rainbow twist, which must be INSIDE the red and blue trendlines. At the same time, Laguerre must be crossing up .25 (for a buy) or crossing down .75 (for a sell), the 55cci must be crossing 0, and Kino's buycount must change to the right color. The tighter the twist, the better the signal (some of these on GBP/JPY end up being 300+ moves).

The key is the twist.... if the 3 lower indicators on the bottom are all saying "go" but it's a very loose twist or it's outside the lines of the red and blue trendlines, don't do it. And if you do have a tight twist inside the lines, but laguerre is not in the right place or any of the other indicators don't match up, don't do it.

Exit when laguerre goes the other way (crossing down thru .75 or up through .25) and the trendlines have crossed.

If the trade goes against you, you'll know it because you'll get a reversal signal, either with the rainbow twist, or laguerre, etc.

Laguerre seems to be the strongest indicator for knowing when to get out. Sometimes there are other exit signals, like cci crossing 0, trendlines crossing, etc, but if laguerre is still a flat line on the top or bottom, it's almost always better to stay in.

I don't really use ADX for entries or exits, but a) it's just an extra indication of trend and strength of trend (the red/green lines are almost identical to i-Trend) and b) if the yellow ADX line is below 23, then there is little momentum and if you are already in a trade and and it's not going the way you want and worried if you should exit, it's probaby better to hold and wait and see what happens if ADX is below 23.

In the attached chart, the first two yellow vertical lines show possible entries... in the first one, the trendlines have crossed and the 3 indicators are all saying "Sell" (laguerre, cci crossing 0 and buycount changed to red). But it was a loose twist and not inside the trendlines, so not a good signal.

The second yellow line also shows a pretty tight rainbow twist but a) it's not inside the trendlines and b) laguerre is not in the right place. So it's not a good signal.

The green vertical shows a nice tight twist inside the red and blue trendlines and all systems are go down below, with laguerre crossing down through .85, cci crossing 0, kino buycount changed to red, and as an added bonus, the red/green lines in ADX have crossed and spread apart, and the yellow ADX line is moving up to show added momentum. Perfect exit when trendlines crossed, laguerre passed up thru .25, cci crossed 0 and buycount changed to green, total about 115 pips. The exit signal was also a possible entry signal.... the twist wasn't really tight enough so I probably would have passed on it, but it turned out to be a +50 move.

Zip file with indi's and template attached, if anyone wants it....

All standard settings except laguerre is .85 and I use cci55.

michaelb, please don't post you charts side by side, instead post them vertically.
Thank You
fxtrading24

Sorry, I missed this post.
This setup is f4mnect's setup and I have posted the complete zip here.
I am just using it right out of the box, the entry and exit is as F4 stated but I tend to watch the charts and jump in early on SHORT trades after a long bull trend.

Hope this helps

Celticheart,

Firstly, thanks for sharing your setup. Looks very interesting. It seems that the Laguerre indicator needs a file gSpeak.mqh which is missing? How do we get that?

Thanks a bunch!

hmm... I forgot about that, I only have it set to sound the alarm bell (not the voice). But I do have the gSpeak.mqh file, which goes in the experts/include folder

And if anyone can figure out how to fine-tune or improve the visual system (maybe different lines/moving averages the twist can start in?), I'm all for it I'm also playing around with removing Rainbow MMA_07 because sometimes the addition of that one makes the twist too wide and you miss a good move. (But then, it probably keeps you out of other bad ones, too, I guess there's always a give and take)

I added the gSpeak file to the zip file, also one additional template (and indicator) that uses different lines than the Instant Trend lines and removes one set of the rainbow mma's.

I think it might work slightly better that way. Another tip is that when looking at the charts, the best signals come when the trend lines cross and create a 45 degree angle, and the twist is centered in it as much as possible. If the trend lines create a very wide angle, it's not good. I know it's sometimes hard to tell when it's first forming, though.

Of the three possible entries in this chart... the first one is a really loose twist and totally off-center from the trendline cross. The second one was a better twist but somewhat off-center, and the indicator signals didn't line up. They should really line up at the same time, and in this case, laguerre crossed up two or three bars before cci. The next trendline cross and twist had laguerre in the middle so I wouldn't look at that one. Once in a while you will see a good trade with laguerre in the wrong place, but overall it's a lot safer to wait for it to be right. There will also be times where there are some really good moves that started with a very loose twist, too, but much better to avoid them the vast majority of the time.

So the third (green) entry in this one was pretty close to perfect.... super-tight twist, centered between the trend lines, which created pretty close to a 45 degree angle (even pointing 45 degrees down, toward the lower-left corner.... as you go back through the charts the best ones actually seem to point at 45 degrees, either toward the lower right for a sell, or the upper right for a buy, although sometimes it's hard to tell when it's first forming). That one went on to be +143 pips (GBP/JPY).

Thank you dan for the indi. Can you please explain how to properly use the Instant Trendline indi besides the angle on cross and which timeframes/pairs it works best?

Hi there....

Why my mt4 couldn't load your laguerre ind ??? ex4 file ???

On the chart also...it didn't appear ? Why is that so?

http://www.forexfactory.com/showpost...&postcount=509

You need that file also.

Rastaman,
Appreciate you can explain what is the rule for this template? Or can you direct me where as i can't find it in this thread.
How to ENTRY, EXIT, and detect FALSE SIGNAL?

Sorry, the entry rules were not posted as I had thought, I have been in this system early on from the other ( ahem) thread so, I base my entry loosely on that system.
this system is not that different although it is not exactly the same.
However, if you look at the charts you can clearly see where it suggests you enter and exit.

These are the rules from the previous thread.

FINAL ENTRY SIGNAL RULES (NOT ON THE POST BELOW FOLLOW THIS HERE!)

Long Trade
CCI 170 Over the 0 Line showing uptrend MUST BE THE FIRST TO CROSS
CCI 34 Over 0 line as well showing uptrend MUST BE SECOND TO CROSS IN SAME DIRECTION
RSI over 55 <------ VERY IMPORTANT dont enter if its in between the 45-55 zone (45-55) IS DANGER DO NOT ENTER ZONE once it crosses in the same direction take the trade.

Short Trade
CCI 170 under 0 line showing down trend MUST CROSS FIRST
CCI 34 under 0 line showing down trend MUST CROSS SECOND
RSI under 45 same as above dont trade when in the 45-55 zone

**VERY IMPORTANT**

NEVER TRADE AGAINST THE 5 MIN TREND, IF ITS TRENDING DOWN AND ITS GIVING YOU AN UP SIGNAL DONT TAKE IT ITS A RETRACEMENT WHEN IT COMES DOWN AGAIN TAKE THE SIGNAL. LOOK FOR LOWER LOWS AND HIGHER HIGHS...

Hey Rasta,

Would you mind explaining what the bottom indicator is in the chart on the left. It looks like its says ZLS, can you also explain what it does and provide the MT4 file.

Oppps nevermind I found it, its a zero lag stoch

Thanks
Dallas

hi, where is the chat like how learnfxprime? can you create?
thanks

This is one of those paths I need to explore. The basic thought is that markets cycle and if you can understand this cycling through DSP, then you can predict where the market will go. But then again, it may all just be noise.

Rather than me trying to explain it, follow the link below.

http://www.mesasoftware.com/Seminars...20May%2003.ppt

Hi, are you going to go ahead with your forum
I would be happy to join you for a bit of instruction
cheers

Hello!
I want to tell you that many changes and new indicators to be added to the system, we will always have bad trades in 1M TF.
There is no perfect combination, in my case that, I always think it operates on 1M and I realize that 1M tf not be good for trend indicators, now that I learn that after several failures by so I am constantly in my winnings !
Please believe that you are giving him too many laps to the system and never find the end!
It's just my opinion!

Thanks for your work!

Hi... I see Rastaman pointed you to the missing file I didn't realize that file was needed... the Laguerre indi is the same as any Laguerre except it's the only one I've seen with a sound/popup alert. When I found it, there was only the mq4 file and that's all I downloaded. It worked for me with no problems, however, because I previously had the gSpeak file installed from some other indi. Didn't realize the Laguerre alert needed it, too.