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1 minute semafor

  • #21
  • Mar 10, 2011 11:39am Mar 10, 2011 11:39am
Quoting xxl205
What makes this technique described here a bit different from the others is the handling of the repaint issue, meaning after a starburst you at first DO NOTHING. This is utterly important. Because if you did, you can very easily get stopped out.

Now here comes in play the WAIT FOR THE 2ND LEVEL DOT and the CANDLE CLOSE after that. It so looks for a lower high compared to the starburst and then takes this for the start of a reverse. Until now I waited for a break of an 5/21 ema or something like that ... but I will demo this now for a while....
Sure, but you could do that even better without this indicator. Can you recognise a high or low just being made? That's all you need.

But before you code your EA, what's your statistics on this?

More robust ways of doing this are available!
  • #22
  • Mar 10, 2011 11:52am Mar 10, 2011 11:52am
I for one do not get into pissing matches about what works better, who knows more, purist vs squiggly lines, techie vs fundie, etcetera....

I simply post observations and hope that it will benefit someone... If it does, great, if it does not then please feel free to ignore.

Either way, I am not going to be bothered.
  • #23
  • Mar 10, 2011 11:57am Mar 10, 2011 11:57am
Quoting medici
Sure, but you could do that even better without this indicator. Can you recognise a high or low just being made? That's all you need.
You are wise and obviously experienced, however my wife is a first grade teacher and what I have come to understand from her is that everybody learns in their own unique way. Some people are visual, others are not. Some kids learn to read by associating pictures to the words while others memorize the words and their meaning.

Call me an idiot if you must, but the pretty little dots make things easier for me.
  • #24
  • Mar 10, 2011 12:02pm Mar 10, 2011 12:02pm
Quoting enochben
I for one do not get into pissing matches about what works better, who knows more, purist vs squiggly lines, techie vs fundie, etcetera....

I simply post observations and hope that it will benefit someone... If it does, great, if it does not then please feel free to ignore.

Either way, I am not going to be bothered.
W W , following as per rules in page #1 ... EURUSD good scalap in both ways and got 25 Pips ... ThankX enochben.
  • #25
  • Mar 10, 2011 12:12pm Mar 10, 2011 12:12pm
C L .... enochben

as per the system 1 more fresh entry bought at 1.3805 and booked at 1.3814
  • #26
  • Mar 10, 2011 12:18pm Mar 10, 2011 12:18pm
Quoting enochben
You are wise and obviously experienced, however my wife is a first grade teacher and what I have come to understand from her is that everybody learns in their own unique way. Some people are visual, others are not. Some kids learn to read by associating pictures to the words while others memorize the words and their meaning.

Call me an idiot if you must, but the pretty little dots make things easier for me.
Apologies, what I said wasn't meant to be taken personally in any way. I don't know you and cannot pass any judgement at all. So please accept my apology.

I just wanted to point out to thread followers that while what you are suggesting might work at times, there is absolutely no evidence that it works in the long run.

And until such evidence is presented, the best way to further one's trading career is to study the markets and, as you point out, learn its ways in the way that best fits one's mode of learning.
  • #27
  • Mar 10, 2011 12:19pm Mar 10, 2011 12:19pm
Would someone kindly tell me what to do with the zip file in the Idyllic thread to extract the semafor? Thanks for any help.
  • #28
  • Mar 10, 2011 12:33pm Mar 10, 2011 12:33pm
Quoting mary4x
Would someone kindly tell me what to do with the zip file in the Idyllic thread to extract the semafor? Thanks for any help.
There you go!
Attached File(s)
File Type: ex4 #4X 3 Semafor Alert.ex4   11 KB | 3,837 downloads
  • #29
  • Mar 10, 2011 12:46pm Mar 10, 2011 12:46pm
Thanks, Medici!
  • #30
  • Mar 10, 2011 12:46pm Mar 10, 2011 12:46pm
How I know this there is only one way to be succesful at this and its at the hicher time frames with TMA True and Donchian channels at the minimum 4H time frame. Search my name and see my posts.
If you use it in the same dirrection as the 4H trend you will get rich quickly. Swing high and low stops have to be used.
  • #31
  • Mar 10, 2011 1:44pm Mar 10, 2011 1:44pm
If it's profitable it would be indeed too good to be true, forward testing is the only way to know for sure. And I agree with checking the higher timeframe trend direction and only buy/sell that way.
  • #32
  • Mar 10, 2011 3:06pm Mar 10, 2011 3:06pm
After speaking privately with Medici and at his suggestions I am going to let everyone know up front that I have not done any backtesting (never do) and I just found a glitch in the matrix. This is a short term strategy that I will use only as long as it continues to work. I have developed several similar strategies that only work for a short period of time. Maybe this one will be different, who knows.

You have been warned so trade this system at your own peril, and if you do decide to trade it - please use some common sense!
  • #33
  • Mar 10, 2011 8:35pm Mar 10, 2011 8:35pm
Hi Sir,

What is your tp ?or wait till the next signal comes out ?
can we set tp as 10(guaranteed) can get it?

Quoting enochben
After speaking privately with Medici and at his suggestions I am going to let everyone know up front that I have not done any backtesting (never do) and I just found a glitch in the matrix. This is a short term strategy that I will use only as long as it continues to work. I have developed several similar strategies that only work for a short period of time. Maybe this one will be different, who knows.

You have been warned so trade this system at your own peril, and if you do decide to trade it - please use some common sense!
  • #34
  • Mar 10, 2011 9:57pm Mar 10, 2011 9:57pm
Quoting tjsun80
Hi Sir,

What is your tp ?or wait till the next signal comes out ?
can we set tp as 10(guaranteed) can get it?
never been called sir before been called a m'fer a few times but I digress.... tp is personal. if you can watch the waves wait till a starburst prints in the opposite direction. If the ebb n flow of the market is too much for you - sure scalp 10 pips and call it a day. :-)
  • #35
  • Mar 10, 2011 10:15pm Mar 10, 2011 10:15pm
haha.. you are humorous. there are few questions that need your help.

a)What about other indicators,like nonLagMA, AMA optimized,pivot, do you use them ?

b)What if semafor red and white is too near to each other, does it mean that market is sideways and we need to stay away ?

Quoting enochben
never been called sir before been called a m'fer a few times but I digress.... tp is personal. if you can watch the waves wait till a starburst prints in the opposite direction. If the ebb n flow of the market is too much for you - sure scalp 10 pips and call it a day. :-)
  • #36
  • Mar 10, 2011 10:54pm Mar 10, 2011 10:54pm
Quoting tjsun80
haha.. you are humorous. there are few questions that need your help.

a)What about other indicators,like nonLagMA, AMA optimized,pivot, do you use them ?

b)What if semafor red and white is too near to each other, does it mean that market is sideways and we need to stay away ?
a) those other indicators I do not put on the 1 minute chart - it moves so fast I like to keep it as clean as possible. I have toyed with the nolag to try and add a confirming signal but nothing concrete yet.

b) i would prefer they be close to each other as this means this is a low risk trade (small stop) - I have no fear of losing 5 pips in order to gain 20 or more. If I see a reliable setup that only requires me to risk a few pips I will take it every time. If I lose, I just accept that I am wrong and look for the exact same setup again.

If the market is sideways you should be able to see it - it will look liked barbed wire on the 1 minute.
  • #37
  • Mar 11, 2011 1:04am Mar 11, 2011 1:04am
Sir, when you say small stop loss, how you set the sl?
For example in your first post , you said the sl is above starburst(in uptrend) and sl is below the starburst(in downtrend). What if the sl is far away from the entry ,lets say 50 pips, winning ration is not good.

Quoting enochben
a) those other indicators I do not put on the 1 minute chart - it moves so fast I like to keep it as clean as possible. I have toyed with the nolag to try and add a confirming signal but nothing concrete yet.

b) i would prefer they be close to each other as this means this is a low risk trade (small stop) - I have no fear of losing 5 pips in order to gain 20 or more. If I see a reliable setup that only requires me to risk a few pips I will take it every time. If I lose, I just accept that I am wrong and look for the exact same setup again.

If...
  • #38
  • Mar 11, 2011 6:20am Mar 11, 2011 6:20am
Quoting tjsun80
Sir, when you say small stop loss, how you set the sl?
For example in your first post , you said the sl is above starburst(in uptrend) and sl is below the starburst(in downtrend). What if the sl is far away from the entry ,lets say 50 pips, winning ration is not good.
That my friend is where common sense comes into play.
  • #39
  • Mar 11, 2011 9:30am Mar 11, 2011 9:30am
looking at how price failed to stay above the pivot I would take that as an indication that we are in a for a nice fall (JUST MY OPINION). Using this opinion I would start looking for a semafor setup....

trade this and any other opinion or suggestions at your own peril.
  • #40
  • Mar 11, 2011 9:39am Mar 11, 2011 9:39am
I'm in short 1.3834 - win or lose I'll post the results.
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