Trend Finder 4hr

change of all three bars?!

i'm writing from my phone, so that' why my post is splited in two.

i'd really apreciate if someone could answer my questions.

thanks

Hi,

What sort of TP/SL are you guys using? I watched the daily version, and saw that the TP was the same as on the 4H, but was lowered later on in the thread.

I think that the TP and SL for 4H need to be adjusted as well. Of course it depends on the pair that you are trading, but I think that the SL is too high. Perhaps a suitable SL would be 50 pips for GU/EU and then changing your TP accordingly, the first lot with a TP of 50 and the second with a TP of 100, moving it to BE at 50.

This changes RR to the better. The suggested TP/SL is currently:

4H
SL - 100
TP lot 1 - 100
TP lot 2 - letting it run until trend reversal

Daily
SL - 100
TP lot 1 - 50
TP lot 2 - 100

The 4H gives us a RR of 1:1, which is ok, but the daily gives us a RR of 3:4, which in my opinion is too low. With my purposed SL/TP it would be 3:2.

I appreciate your thoughts and suggestions.


Archie

When I first started demo, Awesome was the most fascinating indicator I thought I found.I even tried to improve its accuracy by combining it with Accellerator. But then I found that in both of them, the color can change b/4 the period ends.You can see the color Red and enter short, only to come back and see that the color has turned green and the trade went badly against you. Please I like to know if your Advanced ADX and Stoch Histogram have this setback.





The fear of God, that is wisdom. To abstain from evil is understanding!

Im testing this system out but only when adx turns a new color and other two indicators must agree, and also take profit on the close of the first candle what i have seen is a 82% profitable trades

Quite a promising system, i have been testing this and it works. But i will be cautious of using this on a time frame less than 1 hr, i think 4 hour time frame might be the best as the originator of the system recommends

I took the liberty of going into Ronald's code and modified (hacked ) the expert to optionally throw signals only if desired from his code on the daily version. Good stuff... I also see promise w/this system.

I like adding the laggs and the RSI bar indicator. The RSI is the kicker with price action...at least for me.

Hello, can you spend the bar rsi indicator and the other for a try all? Thank you.

They're on this site.....here I'll post them. Love the gold miner. It's great for exits and entries...sometimes it's more leading then the others. This is a perfect setup with the laggs. If you see this...you're usually in the money with all the other indicators verifying the laggs.

The RSI bar indicator is like whipped cream on pie!!!! Love it! Only 3 states. Red, Below 45...Green, above 55.....yellow, in between 45 and 55. The yellow state is important to me....it says not quite ready.

Wish I could remember who to give credit too for the indicators. Found them here on the site. Please give yourself a pat on the back if you see this post. You guys are genius!!!

Change SSP to 5 in the goldminer!!!

Cugir321 thank you very much, this wanting to start working with these indicators, sorry for my English, a greeting.

Hi do you know if these indicators repaint?
Thanks

i tested this strategy on the 15 min. timeframe....with an adjusted sl/tp.
sl: 15pips...tp:25 pips.
i also extened it with moving averages sma 8 ema 62 sma 200. of course i also take notice of s/r lines...fib ect.

it looks like a good system. my testing is not finished yet. the point is, if you are a short term trader, you can use this system as well. you just have to adjust sl and tp. 25 pips is a very likely target....so the probability is high that the tp gets triggered. i didnt consider to move sl to break even. of course there will be a lot of pips on the line you will not catch, because after hitting the 25 pips you are out. but the results are anyway good.

for exampel: dec 2010 total trades 65, winners 45 (69.25%), losers 20 (30.75%) 825 pips. a tough month but profitable. it can also think about a double timeframe momentum strategy. using the 15 min. and 1 hr chart in combination.

Just for anyone who does want to see the Lag Histo ACS,
you need this file and its compiled ex4 in your indicators
folder for the Lag Histo ACS to work.

All the best

Brian

Is anyone still watching this thread?

Hi
I have been trying this system from last 3 weeks on live a/c and it has given me 6 wins out of 7. The one I lost was in ranging market.Now I do have indicator which show when the market is in ranging will try out.

what time frame were your trades ? what is the ranging indicator you had...?

I am working in 4 hours only. Here is the link you can download.http://www.forexfactory.com/showthre...t=10860&page=4. I think this will help you.

Hi guys

Thanks for working on this system.

Hi Guys

Thanks for all your hard work on this system.

Is it possible to include a "pop up" alert when all three conditions alighn?

I would change it to Daily TF to check once a day at 5 EST (needs bigger SL). To open trade after candle close is advantage because candles change many times the colors before close, like chameleons do. Observe thoroughly the candle on which you enter (you cannot see before close!). Pinocchio's, hammers, engulfing's are signs of change. I would change the candles to Heiken Ashi smoothed.
Cheers Hermes