1 minute semafor

Well, I'm very pleased with Semafor, esp. since I started with this 1-minute thing in an effort to avoid meltdown problem on JPY pairs. Have gotten the indicator to behave pretty much as it does on a 15-minute chart on a 1-min. one by altering the first three parameters, only I only use two, with Period 2 set for zero, which is how asystem2000 (inventor of the indicator) says to get rid of some of the dots. (More can be found in the Forex TDF thread 3_Level_ZZ_Semafor, the earlier version of #4 X3 Semafor Alert.) Settings to get -approximately - 15-min. behavior on a 1-min. chart are: Period 1: 70.0; Period 3: 420.

Thanks for the intro to Semafor, enoch or ben as the case may be. B.

(They still complain in Forex TSD thread about repainting but all seem to forget that price changes its mind a lot too.)

Correction: I think I prefer 60 on the first parameter vs. 70: Fewer dots.

Hi brucewhain, What are your rules for trading with the settings you are using?

Pardon the delay, winsalot: Couldn't find link to this thread, then got email reminder in email acct. that I don't usually use. Looks like I'm holding things up!

My rules are in a state of flux. Don't know whether to go on and say that this is healthy since so is the market. I mean there has to be an end to spending all the time trying new indicators and setting up your charts. Have missed many good trades this way and it seems to be a case of confused priorities, though think there needs to be a variety of approaches.

Like enochben says, you need some way to see which way the trend is going. Then, taking the first same-direction Semafor signal after the big reversal signal seems to be a safe bet as described in idyllic trading.

While I find it somewhat distracting in terms of figuring out what & when to trade, will attempt to post below a template resulting from a re-working of one posted by turveyd in his M1 thread: M1 only traders thread, any pair: http://www.forexfactory.com/showthre...light=1-minute

There is a famous trader named Guppy who invented a kind of chart configuration that gets bigger when the trend gets stronger and also looks a lot like tropical fish. Turveyd's template is a variation on that. I added the Semafor adjusted to appoximate the way it works on a 15M chart with the defaults. MA specs have also been slightly changed fr the original, partly because the auditory signal provided by EMA Crossover Signal indicator needs to be from an EMA. (as if it matters.) Anyway, also added pivots, which are set for "daily" rather than "fibonacci" as in idyllic trading, and finally Plot_News: Hover your curser over the dot and get the news event incl. Prev., Forecast & sometimes Actual - scheduled for the time where the dot is located. I prefer oldest version of Plot_News (There are 3, ea. with its own FF thread.) which will attempt to attach on the next post. If you use the 1st or 3rd versions of Plot_News with Windows 7 it is easiest if you put your trading platform in Program Files - not Program Files(86) or whatever - rather than attempting to change the path when downloading news to the data file in the platform. ( It's a good idea to 86 your old platform once in a while since it gets grungy from CPU-intensive indicators and will cause delay in getting fills. ((Plot_News 1st version is extremely stable and uses like no CPU except when downloading.))

The first chart shows the rash of noisy EMA auditory signals preceeding the dump and climb of GBP/JPY on Mar. 29. Second chart shows the situation as it currently obtains. (lol)

Here are indicators and template for Candied M1 Chart:

Pretty interesting stuff bruce, but I have refined the 1 minute semafor and you might find this pretty interesting.

First i use a 30 minute chart to determine the trend. i form a bias and that is the direction i trade for the day. on the 30 minute i like to add market profile and can easily determine the trend by rising falling POC's (points of control).

For example - today I determined that the trend in both Euro and Pound is slightly down (weak).

Next we move to the 1 minute chart where I have added 2 adaptive MA's. One set to 13 periods and one set to 21 periods. I have colored the 13 period MA yellow.

I have also added an adaptive MA slope indicator set to 8 periods.

take a look:



Note: (1) is the signal to get short - but (2) & (3) do not confirm and instead show no trade as when no dots paint there is no decisive direction.

Hey enochben, can you post the indicators you have on your chart? Of course not the semafor. I guess the AMAdaptive Slope and
Adaptive MA.

Thanks


quote=enochben;4515843]Pretty interesting stuff bruce, but I have refined the 1 minute semafor and you might find this pretty interesting.

First i use a 30 minute chart to determine the trend. i form a bias and that is the direction i trade for the day. on the 30 minute i like to add market profile and can easily determine the trend by rising falling POC's (points of control).

For example - today I determined that the trend in both Euro and Pound is slightly down (weak).

Next we move to the 1 minute chart where I have added 2 adaptive MA's. One set to 13 periods and one set to 21 periods. I have colored the 13 period MA yellow.

I have also added an adaptive MA slope indicator set to 8 periods.

take a look:

Attachment

Note: (1) is the signal to get short - but (2) & (3) do not confirm and instead show no trade as when no dots paint there is no decisive direction.[/quote]

here ya go!

hi enochben, i would like to ask is the input variable such as Period, Dev step and etc need to change or just use what u have provided?

and one more ques is that if i just use #4x 3 semafor alert.ex4 enough?without AMAdaptive Slope and Adaptive MA..Thanks..

Interestingly enough I formed the same bias regarding JPY & GBP & stuck with it through the entire day regardless of price direction. I have something that gives a pretty good predictive type of signal on 30-min. and should have taken a trade but decided not to. It was the first time this indicater worked normally since the JPY-pairs meltdown after that American nuke guy went all haywire before congress. But signal was easy to recognize as such and just couldn't believe it. It's still going up and I still don't believe it.

It's called TVI (Tick Volume Indicator) is very simple if apparent complexity of the code in MQL4 is any indication and have been meaning to start a thread about it to see if can get some of these geniuses to tell me what the variables mean. It's trial & error with me.

Will take a look at AMA Slope, thanks.

(Couldn't resist posting GY 30-min blast-off signal:

for the AMA's I use one at 13 periods and one at 21 periods. As for the slope indicator it depends on timeframe - for 1 min I have found a period of 5 to work best.

It may take some time, but if you really watch this setup you will start to see clearly when the trend starts petering out and when to look for reversals.

I added the post about the 30 minute for those scared of markets making a lower low or higher high (a.k.a repainting), but I use it to trade up and down regardless of the higher timeframe, keeping in mind that if I am trading counter trend - just looking to scalp a few pips!

looking for a short entry as we speak...

if anyone is interested in discussing the market live PM me for twitter info.

short EURO 4235 stop 4239

after 10 - entering chop zone so I am lowering stop to 38 and fully expect to be stopped out!

LOL! Sometimes you have to laugh.

short opp setting up

be patient and wait for confirming signals... this little push up appears to be running out of steam.

while waiting for a signal to trade let me post this market profile view of why my bias is to the short side this morning...



the top trend line also coincides with the value area high at 4199 - if price makes a significant close above 4200 all bets are off!

looking for entries short around 4188