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MA + Momentum system

  • #41
  • Mar 23, 2011 7:14pm Mar 23, 2011 7:14pm
MastaScapa,

Looking at your chart with the MTF MOM you may want to use Open on H4 instead of CLose. Fixes any delay issue. Just use 1 (i think) in PriceType.

Also, you may want to turn off the Arrows on one of them or just go into the code and change the color of the arrows. I should have coded it so you could change the arrow color but i never have two on at a time.

Enjoy
  • #42
  • Mar 24, 2011 3:27am Mar 24, 2011 3:27am
Quoting flyer415
MastaScapa,

Looking at your chart with the MTF MOM you may want to use Open on H4 instead of CLose. Fixes any delay issue. Just use 1 (i think) in PriceType.

Also, you may want to turn off the Arrows on one of them or just go into the code and change the color of the arrows. I should have coded it so you could change the arrow color but i never have two on at a time.

Enjoy
ye . agree
  • #43
  • Mar 24, 2011 3:33am Mar 24, 2011 3:33am
Quoting MastaScalpa
ye . agree
Hi Flyer415 and MastaScalpa,

Sorry, I'm lost now. Re: ... Open on H4 instead of CLose..., is there anything I have to do to change the indicator?
  • #44
  • Mar 24, 2011 4:02am Mar 24, 2011 4:02am
Quoting lundu00
Hi Flyer415 and MastaScalpa,

Sorry, I'm lost now. Re: ... Open on H4 instead of CLose..., is there anything I have to do to change the indicator?
in indi, TimeFrame - enter H4 ! or D , what u whant
.......................................................................
im update version, with TPL
  • #45
  • Mar 24, 2011 5:15am Mar 24, 2011 5:15am
the MOM indicator repaints and the arrow disappears and appears before within or opening candle,just at anytime


plz someone comment
  • #46
  • Mar 24, 2011 5:52am Mar 24, 2011 5:52am
Quoting webglobe
the MOM indicator repaints and the arrow disappears and appears before within or opening candle,just at anytime


plz someone comment
No, it does not repaint; however I don't believe that it was coded so that the arrow only appears upon close of the bar.

Once the bar closes the arrow does not move.

ignore intrabar arrows in real time.

repainting means that it actually changes the data in the past based upon new data.

So here is what I have done for you....

I re-coded it so the arrow ONLY shows upon close of the bar. No disappearing arrows. I have coded it so you can change the colors of the arrows and i offset them a little from the previous indicator.

You can put both on M1 and use a period of 3 and only say 20 arrows and have a look at the difference in how the arrow is put on.
Attached File(s)
File Type: mq4 Color_MOM_v1.01_maxsig close bar.mq4   13 KB | 890 downloads
  • #47
  • Mar 24, 2011 6:27am Mar 24, 2011 6:27am
Quoting flyer415
No, it does not repaint; however I don't believe that it was coded so that the arrow only appears upon close of the bar....


i have yet to come across an indicator that does not repaint even to a certain small degree......

guys, is there a buy signal on eu at present ?
  • #48
  • Mar 24, 2011 6:38am Mar 24, 2011 6:38am
Quoting whatfx
i have yet to come across an indicator that does not repaint even to a certain small degree......

guys, is there a buy signal on eu at present ?

Again..repainting means that it changes historical data. until the bar is closed the data is realtime and the data itself is changing. Look at a EMA and look at the head of the snake as some people call it. It is constantly moving not because it is repainting but because it is recalculating based on realtime data. If you want to get rid of that then don't calculate current bar until it closes. But some people want to see it realtime. Can't have it both ways.

Either way, the indicator is there for you to use or not. This strategy was brought to us by MastaScalpa and it is similar to what I currently do so I was interested in it.
  • #49
  • Mar 24, 2011 7:42am Mar 24, 2011 7:42am
Quoting flyer415
No, it does not repaint; however I don't believe that it was coded so that the arrow only appears upon close of the bar....
thx !

.............................
about e/u.....ye was buy, but a my big trend still down...
  • #50
  • Mar 24, 2011 8:23am Mar 24, 2011 8:23am
Quoting flyer415
No, it does not repaint; however I don't believe that it was coded so that the arrow only appears upon close of the bar.

Once the bar closes the arrow does not move.

ignore intrabar arrows in real time.

repainting means that it actually changes the data in the past based upon new data.

So here is what I have done for you....

I re-coded it so the arrow ONLY shows upon close of the bar. No disappearing arrows. I have coded it so you can change the colors of the arrows and i offset them a little from the previous indicator.

You can put...
thanks for ur reply and re-code but u know when u run chart real time thats when u see the price actions better than when is backtested.as i suggested earlier, we need a filter like MACD.mere looking @ the chart attached u will see that the crirtarials were met but the trend wasnt that strong so it reversed with some pips though i have no SL

what do u think?
  • #51
  • Mar 24, 2011 8:25am Mar 24, 2011 8:25am
Quoting lundu00
Hi Flyer415 and MastaScalpa,

Sorry, I'm lost now. Re: ... Open on H4 instead of CLose..., is there anything I have to do to change the indicator?
Oh ok. Thank you!
  • #52
  • Mar 24, 2011 8:27am Mar 24, 2011 8:27am
sorry here is the pix ..in real time is still going down
Attached Image (click to enlarge)
Click to Enlarge Name: vhfvhvhuv.gif Size: 26 KB
  • #53
  • Mar 24, 2011 9:06am Mar 24, 2011 9:06am
Quoting webglobe
sorry here is the pix ..in real time is still going down

Webglobe,

I guess that I was thinking that the filter was "You only trade in the direction of the H4 Momentum". So in your example the trade should not have been taken as Long because the H4 Mom showed Red.

My thought (for what they are worth).

Use H4 Mom as direction and then use H1 Mom as the actual entry point. So you had a Sell entry yesterday and a Buy two days ago.

Again..just my thoughts.
Attached Image (click to enlarge)
Click to Enlarge Name: Mom_H4_Filter.jpg Size: 106 KB
  • #54
  • Mar 24, 2011 9:13am Mar 24, 2011 9:13am
Quoting flyer415
Webglobe,

I guess that I was thinking that the filter was "You only trade in the direction of the H4 Momentum". So in your example the trade should not have been taken as Long because the H4 Mom showed Red.

My thought (for what they are worth).

Use H4 Mom as direction and then use H1 Mom as the actual entry point. So you had a Sell entry yesterday and a Buy two days ago.

Again..just my thoughts.
telling the truth !
  • #55
  • Mar 24, 2011 9:17am Mar 24, 2011 9:17am
Quoting MastaScalpa
telling the truth !
I just edited my post to include a chart
  • #56
  • Mar 24, 2011 9:22am Mar 24, 2011 9:22am
Also, one other note.

If you don't like the "blockiness" of the MTF indicator then for the higher timeframe just set the indicator to:

MomPeriod = 72
Pricetype = 0
Timeframe = "Current timeframe" or input 60

This way you still get the H4 readings without the issue of Open vs Close.
  • #57
  • Mar 24, 2011 9:32am Mar 24, 2011 9:32am
In that chart I posted you will see to the left what are in my opinion failed Long trades based solely on using an indicator.

in that case both Mom agreed for a long entry but you were trying to go right into a BRN. That grey band on my chart shows a No Man's Land for a trade. It is +-20 pips around a BRN.

Even on the green line that i put on I would not have taken that Long trade. I would have waited for price to get above the +20 pip mark and then entered.

My point goes to what Julie said about Price Action. Do not trade an indicator blindly but they do help when used with Price Action and/or S/R
  • #58
  • Mar 24, 2011 9:47am Mar 24, 2011 9:47am
flyer415 thanks for ur corrections. i will keep watch of the moves
  • #59
  • Mar 24, 2011 9:51am Mar 24, 2011 9:51am
Quoting webglobe
flyer415 thanks for ur corrections. i will keep watch of the moves

webglobe,

Don't pay attention to me. This is not my method. Again, if we understand the basis for a move then almost anything, any indicator can give a timing for an entry.

Now EU wants to go Long. Nice candle with a close in 9 minutes. Both Mom going Green. But do you wait for the retrace back to the 19 ema or enter on close now with a SL at the last swing low.
  • #60
  • Mar 24, 2011 10:43am Mar 24, 2011 10:43am
Quoting flyer415
webglobe,

Don't pay attention to me. This is not my method. Again, if we understand the basis for a move then almost anything, any indicator can give a timing for an entry.

Now EU wants to go Long. Nice candle with a close in 9 minutes. Both Mom going Green. But do you wait for the retrace back to the 19 ema or enter on close now with a SL at the last swing low.
sorry was away from this page,well the system is what we are discussing here with due respect the thread starter never answered any of my questions
any way i have made up my mind to combine it with my trading style,i dont run the train but i get some pips and dash out.my normal sl in lower time frame is 15pips but now that am going higher i will have to extend my hand on that.
i dont sometimes wait for the candle to close if all my critrials are met, lets say i take 20+ but am still watching how this system work in real time .....am also looking @ trailing points because i hate to loss gained points
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