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Attachments: One of the best indicators I've seen
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One of the best indicators I've seen

  • #41
  • Oct 20, 2009 1:54pm Oct 20, 2009 1:54pm
Sorry I think i've confused the non lag with mac.
Keep smiling
  • #42
  • Oct 20, 2009 1:59pm Oct 20, 2009 1:59pm
Quoting pipjunky
hope your dinner is ok. We were running it on the 1 min just to see if it repaints which the conclusion is that it does not.

I plan to use it on the 4 hr charts. Logan, pivots, tls, non lag MA are my filters. As mentioned I plan to use the EA with "Manual Confirmation" so still have to do some thinking. Depending on the testing the thinking will likely only have to be done on TP and altering SL etc.
Hey Pipjunky,

Is there an Ea for this strategy? I would love to test it!

Thank you
  • #43
  • Edited 2:57pm Oct 20, 2009 2:00pm | Edited 2:57pm
Quoting Misterdaz
Sorry I think i've confused the non lag with mac.
I use fracs in my intraday trading. Thread on it here

http://www.forexfactory.com/showthread.php?t=130707 -Excellent work as always by SMJONES on the EA.

Fracs are a great indi to determine stops as well (just add some pips).

Non-lag is attached. I change the period to 18. And yes, line em up! Post of how to use this intraday coming as well.

For Logan it is great to show range limits and the strength of a trend. Kind of a 2 in 1 indi.
Attached File(s)
File Type: ex4 NonLagMA_v7.1.ex4   8 KB | 2,728 downloads
  • #44
  • Oct 20, 2009 2:00pm Oct 20, 2009 2:00pm
Quoting hello
Hey Pipjunky,

Is there an Ea for this strategy? I would love to test it!

Thank you
It is being worked on.
  • #45
  • Oct 20, 2009 2:14pm Oct 20, 2009 2:14pm
I'll give stuff a once over. Cheers.
Keep smiling
  • #46
  • Oct 20, 2009 2:38pm Oct 20, 2009 2:38pm
I am a 5 min chart lover for the intraday and I plugged this indi into the charts to use it today with pretty good results. Pic attached with some explanation. I took MACD colored off and pivots simply to simplify the pic.

The PIC is labeled. Here is my explanation of each number:

1. Around the London open. Signal on, Nonlag and DSS lined up. Good movement at the open so was confident to take it despite BBbands in sell mode. Grabbed 18 net pips.

2. I chickened out of. Forget why. i think I had something going on the Eur/Usd and Usd/Chf at the time.

3. Too long of a bar at entry and over the Logan. Enough to stay away. If you look a few bars after it is a clear "D'oh! Should have taken it!"

4. Went short here. Long drift up and tapping a pivot. Would not recommend for new traders. Grabbed 20 pips.

5. Short signal right through. I actually chickened out at the retrace for a small loss because it had been fairly choppy. Another "D'oh!" but reentered when the non-lag turned over again to a sell. There was a TL break and the price projection came in around the daily pivot so I limited out with 54 pips. Note the angle of Logan and non-Lag which gave me confidence to stay in.

6. (Not on the pic)...went for lunch. This is around London close and enough for me.

Hope this helps anyone. If not, do what you will with it!

Thanks
Pipjunky

PS: Indis are all available in this thread so only adding BBstops
Attached Image (click to enlarge)
Click to Enlarge Name: dss intraday.jpg Size: 115 KB
Attached File(s)
File Type: ex4 BB Stops.ex4   6 KB | 2,099 downloads
  • #47
  • Oct 20, 2009 4:32pm Oct 20, 2009 4:32pm
Thanks for the detailed post Pipjunky. Some good trading there. I've always wanted to trade 5 mins but they seem too choppy for me. I get lot's of distraction in my job as well which doesn't help watching 5 min charts which need a lot of babysitting. Still I'm sure these indicators will work just as well on longer timeframes.

I think it's time to put my feet up now and chill out. Good luck!
Keep smiling
  • #48
  • Oct 20, 2009 4:49pm Oct 20, 2009 4:49pm
Call it what you want, but it's a lagging indicator. No better than a couple of moving averages, stochatics, ADX, or %R.
  • #49
  • Oct 20, 2009 4:59pm Oct 20, 2009 4:59pm
Quoting GulfCoastPip
Call it what you want, but it's a lagging indicator. No better than a couple of moving averages, stochatics, ADX, or %R.
Which would be the reason it is based on the foundation of stochastic. Last I checked there was no indicator named "Crystal Ball"
  • #50
  • Oct 20, 2009 5:03pm Oct 20, 2009 5:03pm
Quoting pipjunky
Which would be the reason it is based on the foundation of stochastic.
I didn't say it was based on stochastic, I said that it's no better than any other indicator which are all lagging. Not that an indicator isn't good, if used right, they are good. BUT it does lag just like the others.

Is it a good indicator? Possibly, especially if it's used the way it was intended.

Just making a point since you and others are hell bent on stating that it's not lagging.
  • #51
  • Oct 20, 2009 5:06pm Oct 20, 2009 5:06pm
Quoting GulfCoastPip
I didn't say it was based on stochastic, I said that it's no better than any other indicator which are all lagging. Not that an indicator isn't good, if used right, they are good. BUT it does lag just like the others.

Is it a good indicator? Possibly, especially if it's used the way it was intended.

Just making a point since you and others are hell bent on stating that it's not lagging.
I think you are confusing the posts. There is an Indi used for filtration called "Nonlag MA". Perhaps a bad name but still an effective indi. The indi in question, DSS Bressert is a stochastic based indi.
  • #52
  • Oct 20, 2009 5:13pm Oct 20, 2009 5:13pm
Quoting pipjunky
I think you are confusing the posts. There is an Indi used for filtration called "Nonlag MA". Perhaps a bad name but still an effective indi. The indi in question, DSS Bressert is a stochastic based indi.
Nope, not confusing anything.

As long as we all understand that an indicator lags....we're on the same page. It doesn't matter what it's called. They all lag. So perhaps we're on the same page....as long as it's understood that ALL indicators lag. Kinda talking in a circle there....but the point should be made.
  • #53
  • Oct 20, 2009 5:15pm Oct 20, 2009 5:15pm
Quoting GulfCoastPip
Nope, not confusing anything.

As long as we all understand that an indicator lags....we're on the same page. It doesn't matter what it's called. They all lag. So perhaps we're on the same page....as long as it's understood that ALL indicators lag. Kinda talking in a circle there....but the point should be made.
Of course. I've seen people trying to do "predictive" indis. They end up no better than anything lagging out there.
  • #54
  • Oct 20, 2009 5:21pm Oct 20, 2009 5:21pm


Happy pipping!


Quoting pipjunky
Of course. I've seen people trying to do "predictive" indis. They end up no better than anything lagging out there.
  • #55
  • Oct 20, 2009 5:34pm Oct 20, 2009 5:34pm
Does this indi lag? And does it repaint?
  • #56
  • Oct 20, 2009 5:36pm Oct 20, 2009 5:36pm
Quoting opie999
Does this indi lag? And does it repaint?
Come on dude, you're pulling my f&*Kin' chain now!!!
  • #57
  • Oct 20, 2009 5:49pm Oct 20, 2009 5:49pm
Hey, all indicators lag, an indicator is reporting on what has happened not what will, we all know that. They help gauge the market mood, well they do for me anyway. So if a cross of this or a different colour that gives you more confidence to put a trade on why the hell not. Whatever suits, trading's a personal thing.
Keep smiling
  • #58
  • Oct 20, 2009 7:00pm Oct 20, 2009 7:00pm
Quoting Misterdaz
Hey, all indicators lag, an indicator is reporting on what has happened not what will, we all know that. They help gauge the market mood, well they do for me anyway. So if a cross of this or a different colour that gives you more confidence to put a trade on why the hell not. Whatever suits, trading's a personal thing.
Could not have said it better, if it makes you money who cares if it repaints or lags.
  • #59
  • Oct 20, 2009 7:02pm Oct 20, 2009 7:02pm
Quoting pipjunky
Last I checked there was no indicator named "Crystal Ball"
I wasn't ever going to post this indicator publicly, but upon seeing your comment, I couldn't resist.

It goes without saying that I accept no responsibility for any losses that anybody might incur, should they decide to heed the forecasted prices in their live trading.
Attached File(s)
File Type: ex4 Crystal Ball.ex4   3 KB | 3,415 downloads
  • #60
  • Oct 20, 2009 7:22pm Oct 20, 2009 7:22pm
Quoting hanover
I wasn't ever going to post this indicator publicly, but upon seeing your comment, I couldn't resist.

It goes without saying that I accept no responsibility for any losses that anybody might incur, should they decide to heed the forecasted prices in their live trading.


Classic. I knew there had to be one out there.

Thanks for the laugh Hanover.


As previously mentioned, indicators are just mathematical equations based on historic price movement to 'indicate' possible future direction. They will always either be lagging..... or just lucky (just my opinion).

Used to assist a trader in making a decision on future events. Cause the future isn't known then i guess it is just luck if they are correct.

HINT: Find the indicators the majority of big traders use and copy what they do. At least your on the same page and hopefully catch their momentum.

Good luck.....
Luck is where preparation meets opportunity.......
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