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Montana and Yarara

  • #1
  • First Post: Jun 28, 2011 2:35pm Jun 28, 2011 2:35pm
a little gift for my post #1500:
a new user offered this two indis in the cog-thread:
http://www.forexfactory.com/search.p...duser&u=183225
he refused to open a thread here, so i will do.

i use them in H4 only. wait for the montana to cross the 0 and the yarara to change colour with arrow.

i found them very smooth for confirming entries/exits based on "normal" technical analysis (aka support/resistance, round numbers, trendlines, chart patterns).

i wouldn't make decisions only based of these indis.

just take your time to check them. maybe they are usefull for someone.

-----------------------------------

please don't ask questions like: where to put stops/targets? how many pips do you make per day? and so on....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gumy.gif Size: 28 KB
Click to Enlarge Name: acmy.gif Size: 27 KB
Attached File(s)
File Type: mq4 Sacupay - Montaņa v2.mq4   7 KB | 2,135 downloads
File Type: ex4 Sacupay - Montaņa v2.ex4   9 KB | 1,575 downloads
File Type: mq4 Sapucay-yarara.mq4   8 KB | 2,101 downloads
File Type: ex4 Sapucay-yarara.ex4   10 KB | 1,628 downloads
meine augen sind die sterne
  • #2
  • Jun 28, 2011 3:30pm Jun 28, 2011 3:30pm
Interesting Indicator. I am sorry if I am posting my opinion too fast but it looks like the indicator has too many false signals. When the price jumps or falls for 20 pips up or down the signals appears to buy or sell and then the market goes opposite way and you will loose.

I JUST WROTE WHAT I SEE, DON'T TAKE MY OPINION TOO CLOSE
Lybi lydey, lybi vragov.
  • #3
  • Jun 28, 2011 6:26pm Jun 28, 2011 6:26pm
Both indicators repaint. I mean they repaint BADLY...
Gentlemen always play by the rules. If they can't, they change the rules.
  • #4
  • Jun 28, 2011 7:55pm Jun 28, 2011 7:55pm
I hope this will help to avoid false signals:

Long: Take buy orders only when:
- Yarara (line) is under 0 (zero) and green Montana (histogram) and
- arrow up, line colour green.
For re-entries the green line can be above 0 in the area of green Montana (mountain).

Short: Take Sell orders only when:
- Yarara (line) is above 0 (zero) and orange Montana (histogram) and
- arrow down, line colour red.
For re-entries the red line can be bellow 0 in the area of orange Montana (mountain).

You can Exit when colour of the Montana change.
Those are my observations.

Frida
  • #5
  • Jun 28, 2011 8:12pm Jun 28, 2011 8:12pm
Quoting Favorite
Both indicators repaint. I mean they repaint BADLY...
Unfortunately, we see this too often. An indicator (s) looks to be great on backtest only to discover that it was an illusion. Repainting indies should be put where they belong; in the trash can.
  • #6
  • Jun 29, 2011 2:37am Jun 29, 2011 2:37am
Repaint is caused by price action I use Yarara with AO in Metatrader and its Awsome.
  • #7
  • Jun 29, 2011 5:26am Jun 29, 2011 5:26am
thanks for creating me a new thread. As for repainting, while the candle remains in time's arrow may appear or disappear yarara but once the candle is closed and not fixed and repainted.
As for entering transactions is very important that the rattlesnake is in the opposite side of the mountain.
  • #8
  • Jun 29, 2011 8:59am Jun 29, 2011 8:59am
I have noticed that changing your zoom level will change the position of the yarara in relation to the montana. So, if you would have taken a position based on the yarara being on one side of the montana, changing your zoom level could then place it on the other side of the montana zero line. Also, looking back on your charts you will notice the yarara moving back and forth because your chart is adjusting to the size of candles displayed. The two indicators do not have a common center point. It's akin to laying a stoch over say an AC. Zooming in and out moves the zero line of each independently.

Just something to keep in mind if you are using these to enter and exit.

Barry
  • #9
  • Jun 29, 2011 11:04am Jun 29, 2011 11:04am
follow up for the trades in post #1:

aud/chf + 150 pips
gbp/usd +120 pips.

use the indicators as confirmation and build your own strategy around them.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gumz.gif Size: 28 KB
Click to Enlarge Name: acmz.gif Size: 28 KB
meine augen sind die sterne
  • #10
  • Jun 29, 2011 11:36am Jun 29, 2011 11:36am
Quoting aserbfx
follow up for the trades in post #1:

aud/chf + 150 pips
gbp/usd +120 pips.

use the indicators as confirmation and build your own strategy around them.
Exactly my thoughts. It works for me and I am making money and that's what counts.
  • #11
  • Jun 29, 2011 1:43pm Jun 29, 2011 1:43pm
Quoting mgs1f
Exactly my thoughts. It works for me and I am making money and that's what counts.

Would you mind posting an example of your strategy incorporating these indicators?
  • #12
  • Jun 29, 2011 7:27pm Jun 29, 2011 7:27pm
Quoting Favorite
Both indicators repaint. I mean they repaint BADLY...
Quoting celebrimbor
As for repainting, while the candle remains in time's arrow may appear or disappear yarara but once the candle is closed and not fixed and repainted.
celebrimbor, you're right and I was wrong: Yarara DOESN'T repaint (but Montana repaints). I'm watching it on M-1 and I can see that the arrow can appear and disappear until the candle is open, but after the candle is closed the arrows don't disappear. So Yarara doesn't repaint, you just have to wait until the candle is closed.

I think I didn't understand your explanation in the COG-thread. At any case I do apologize.

celebrimbor, I'd like to learn more about this system. Could you please tell me the original Spanish forum where you got this system? (I don't speak Spanish, but I'll try a google-translator or something like this).
Gentlemen always play by the rules. If they can't, they change the rules.
  • #13
  • Jun 29, 2011 7:32pm Jun 29, 2011 7:32pm
Quoting aserbfx
a little gift for my post #1500:
a new user offered this two indis in the cog-thread:
http://www.forexfactory.com/search.p...duser&u=183225
he refused to open a thread here, so i will do.

i use them in H4 only. wait for the montana to cross the 0 and the yarara to change colour with arrow.

i found them very smooth for confirming entries/exits based on "normal" technical analysis (aka support/resistance, round numbers, trendlines, chart patterns).

i wouldn't make decisions only based of these indis.

just take your time to check...
thanks

aserbfx
  • #14
  • Jun 29, 2011 8:15pm Jun 29, 2011 8:15pm
Quoting nativetexan
I have noticed that changing your zoom level will change the position of the yarara in relation to the montana. So, if you would have taken a position based on the yarara being on one side of the montana, changing your zoom level could then place it on the other side of the montana zero line. Also, looking back on your charts you will notice the yarara moving back and forth because your chart is adjusting to the size of candles displayed. The two indicators do not have a common center point. It's akin to laying a stoch over say an AC. Zooming in...
Yes, I noticed it too.

Could it be a serious issue? How you guys deal with it?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #15
  • Jun 29, 2011 8:50pm Jun 29, 2011 8:50pm
Quoting Favorite
Yes, I noticed it too.

Could it be a serious issue? How you guys deal with it?
Use these indicators as a confirmation for your own strategies and you will not have that issue... in fact... you could even put them in seperate windows if you wanted to, but as the thread starter stated, it is probably best not to use these by themselves.
  • #16
  • Jun 29, 2011 9:35pm Jun 29, 2011 9:35pm
Quoting aserbfx
follow up for the trades in post #1:

aud/chf + 150 pips
gbp/usd +120 pips.

use the indicators as confirmation and build your own strategy around them.
How do i get the indicators to overlap? just the way u have them on your chart.
  • #17
  • Jun 29, 2011 10:02pm Jun 29, 2011 10:02pm
Quoting prof8t
Use these indicators as a confirmation for your own strategies and you will not have that issue... in fact... you could even put them in seperate windows if you wanted to, but as the thread starter stated, it is probably best not to use these by themselves.

I don't want to argue, but with all due respect to the topic-strater - it IS a complete, stand-alone system, and the Spanish traders trade it as a complete, stand-alone system. That's why I asked for the Spanish forum's link.

We can't put them in the separate windows because it would break the system.

Yarara and Montana give us a signal: after the montana crosses the zero line Yarara changes the color and shows an arrow. We have two filters (the first filter - Montana's color; the second filter - where is the Yarara, for the long entry it must be below zero line, for the short entry it must be above zero line). Both filters are important, that's why we have to do something about resizing, zooming etc.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #18
  • Jun 29, 2011 10:09pm Jun 29, 2011 10:09pm
Quoting row
How do i get the indicators to overlap? just the way u have them on your chart.
First insert Montana. Then open your Navigator (View-Navigator in the Metatrader's menu) and "drag" the Yarara from Navigator into the Montana's window.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #19
  • Jun 29, 2011 10:46pm Jun 29, 2011 10:46pm
Just fyi the "yarara" indicator is just a renamed indicator that has been around for quite some time called VQ, created by a fellow named Raff and posted on another trading forum quite a few years ago. I suspect that the "montana" indicator is also a rebranded old indicator as well.....but I guess giving them fancy new names makes them appear to be something new and original.
  • #20
  • Jun 29, 2011 11:09pm Jun 29, 2011 11:09pm
Quoting Aldente
the "yarara" indicator is just a renamed indicator that has been around for quite some time called VQ, created by a fellow named Raff and posted on another trading forum quite a few years ago.
No offense - but who cares?

The system works and that's what is important, not whether the indicators are "new and original"...
Gentlemen always play by the rules. If they can't, they change the rules.
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