Joined Dec 2007
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Status: a.k.a. the speculator
|931 Posts
I personally don't do EA's so I know nothing about them. I still do use the semefors as guides in my trading although I must admit that I have been dabling with Jurik moving averages and like them a little better than kauffman's AMA.
Joined Dec 2007
|
Status: a.k.a. the speculator
|931 Posts
Yellow is a swing high/low, yellow with a starburst is a extreme high/low and potential reversal point.
Green's are buy signals and red's are sell signals. I would review the first few posts as to how to use them - DO NOT BUY every green or SELL every RED unless you plan on blowing out your account.
For a good short entry you want to see a yellow starburst form near some resistance level. You want to see price retreat from that level and give you a buy signal, price should then head back towards the semafor and stall short forming a red sell signal - this is your signal to get short.
As I have stated previously I WOULD NOT TRADE THIS WITHOUT confirmation and common ¢
I changed slightly but the change i make are neurotic because they make absolutely no difference.
I like fib numbers so I use 5, 13 and 34 - does not change a thing.
Ignored
Yes, they do not change, because they all are short term settings.
I played with ZigZag`s 2-3 years, and I realise, that I need short, medium and long term settings to make ZZ`s perfect.
So, try settings: 100, 500, 2200 and add some trendfilter and there you have it.
And better than semafor is Z-Z1.mq4 , because this one does not take all power from your PC.
I have seen that u use semafor for trading, some of your thread use 1 min some use 5 min, and u did mention only useful for EUR/USD, and from ur experience which combination of indicator is the best like semafor with AMAopt slope or etc?
Joined Dec 2007
|
Status: a.k.a. the speculator
|931 Posts
I am not sure I understand your question. Yes I use semafor's daily on mostly the 5 minute chart - when the 5 minute gets range bound I will use the 1 minute for quick scalps. I mainly trade EURUSD and GBPUSD, but I am not saying it will not work on other pairs, rather I have my favorite pairs and I have not bothered to see how it performs on other pairs.
Here.
Repaints even when 2200, so use trendfilter.
Ignored
thanks - i looked at it with your settings but after a few sane moments decided the semafor is working with the default settings (at least for me) so why mess with it???
I am not sure I understand your question. Yes I use semafor's daily on mostly the 5 minute chart - when the 5 minute gets range bound I will use the 1 minute for quick scalps. I mainly trade EURUSD and GBPUSD, but I am not saying it will not work on other pairs, rather I have my favorite pairs and I have not bothered to see how it performs on other pairs.
I hope that answers your question???
Ignored
i see..enochben, can u describe how u use 5min chart relates with 1min chart? Sorry bcos i m not sure how u use it..
hello enochben, thanks to your semfor indi, it has helped me trade more comfortabley to say the least, im also using the 123 indi. please note i'm using it on 5min, 15min and 1hr TFs.
