So even when I was using Higher TF for Trend direction and next Lower TF for taking trades this helped very well but the downside of it is that I miss a lot of moves that would have benefitted me and yet it has not been able to filter out the fakes completely.
Then I decided that Henceforth until someone pulls up a miracle indicator that would say "stay out" or "trade" I decided that serious MM would be my filter so I took all the indis away except the HA_T3_MA_1 and the past 4 weeks have been very good ones. I just got out with a +650 pips trade and it was AcctprotectEA that took me out.
How I DO IT
4HR TF
applicable on other TF (more trades more shocks) on 4HR less trades but huge ones and while the lesser TF are going in and out the 4HR TF just sits on the trend and rides it
HA_T3_MA_1 gives a down arrow by 12pm I check by 4pm if it sticks I drag my tradeSELLALL script and sell at the opening of 4pm bar
HA_T3_MA_1 gives an up arrow by 12pm I check back by 4pm if it sticks I drag my tradeBUYALL script at the opening of 4pm bar
EXIT
@ the close of the bar for opposite direction arrow of HA (gain or loss)
stop out by acctprotectEA on huge retracement
stop Loss Hit (thinking of making the SL 50x14 = 700)
pls Don I know with your coding skills this is nothing to you, can you give this a shot? I will test it personally and report the result here week by week for the next 6 months and if we then need input from others we invite inputs.
However, if any one has any thing that will filter out those loosers without necessarily sacrificing the good trades. That would be the icing on the cake for me. I dont mind if there is no trade for a whole week provided I keep what I already have.
But until then MM is my filter and its factored into my buy and sell scripts
go thru these charts, This is as close to a purely mechanical system that I can get. The aim is to reduce any subjective trading decisions.
kos
Then I decided that Henceforth until someone pulls up a miracle indicator that would say "stay out" or "trade" I decided that serious MM would be my filter so I took all the indis away except the HA_T3_MA_1 and the past 4 weeks have been very good ones. I just got out with a +650 pips trade and it was AcctprotectEA that took me out.
How I DO IT
4HR TF
applicable on other TF (more trades more shocks) on 4HR less trades but huge ones and while the lesser TF are going in and out the 4HR TF just sits on the trend and rides it
HA_T3_MA_1 gives a down arrow by 12pm I check by 4pm if it sticks I drag my tradeSELLALL script and sell at the opening of 4pm bar
HA_T3_MA_1 gives an up arrow by 12pm I check back by 4pm if it sticks I drag my tradeBUYALL script at the opening of 4pm bar
EXIT
@ the close of the bar for opposite direction arrow of HA (gain or loss)
stop out by acctprotectEA on huge retracement
stop Loss Hit (thinking of making the SL 50x14 = 700)
pls Don I know with your coding skills this is nothing to you, can you give this a shot? I will test it personally and report the result here week by week for the next 6 months and if we then need input from others we invite inputs.
However, if any one has any thing that will filter out those loosers without necessarily sacrificing the good trades. That would be the icing on the cake for me. I dont mind if there is no trade for a whole week provided I keep what I already have.
But until then MM is my filter and its factored into my buy and sell scripts
go thru these charts, This is as close to a purely mechanical system that I can get. The aim is to reduce any subjective trading decisions.
kos
John 3:16 - From THIS love no power on earth can me sever.
