Montana and Yarara | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: Montana and Yarara
Exit Attachments

Montana and Yarara

  • #21
  • Jun 30, 2011 6:24am Jun 30, 2011 6:24am
Quoting Favorite
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...
I understand what you are attempting to explain but it's not quite true. The Yarara does not rely on the Montana for its arrows. It creates an arrow upon color change, not the cross of the Montana. Don't believe me? Separate the windows and you'll see that it creates it's own arrows independent of the Montana.

Resizing and zooming issues are going to continue to occur with these indicators, but that does not mean they are not good indicators, however, the creator of the thread makes a good point about using them for confirmation. I have already made a lot of pips applying these indicators to fib and S&R levels. And yes... I tried it both ways; in one window as well as in separate windows and it didn't matter where the Yarara was in comparison to the Montana.

Just food for thought.
  • #22
  • Jun 30, 2011 6:29am Jun 30, 2011 6:29am
This is the original source, from an Argentinean blog:

http://analizandoforex.blogspot.com/...a-version.html

Since the montana repaints, in my opinion it is 100% worthless, if someone can modify it to not repaint, it will the only way to see its real value.

The author said that it is based in the Fisher theory and a Russian indicator. No more info.

Pepe
  • #23
  • Jun 30, 2011 6:51am Jun 30, 2011 6:51am
Quoting privatefr
This is the original source, from an Argentinean blog:

http://analizandoforex.blogspot.com/...a-version.html

Since the montana repaints, in my opinion it is 100% worthless, if someone can modify it to not repaint, it will the only way to see its real value.

The author said that it is based in the Fisher theory and a Russian indicator. No more info.

Pepe

How far back does it repaint?
  • #24
  • Jun 30, 2011 7:00am Jun 30, 2011 7:00am
Quoting prof8t
I tried it both ways; in one window as well as in separate windows and it didn't matter where the Yarara was in comparison to the Montana.


Quoting privatefr
This is the original source, from an Argentinean blog:

http://analizandoforex.blogspot.com/...a-version.html

Since the montana repaints, in my opinion it is 100% worthless, if someone can modify it to not repaint, it will the only way to see its real value.

The author said that it is based in the Fisher theory and a Russian indicator. No more info.

Pepe
It's good to know and I really appreciate you guys sharing.

And I understand that we have to look at the Price Action, Fibo, S/R - exactly like we have to look at all this with ANY system.

But the point is: right now our filter is Montana. Yarara is a very good indicator, but we can't use its signals without any filter, we can't just rely on Price Action only, we need a good filter instead of Montana (I'd say we need a better filter).

mgs1f mentioned that he's satisfied with AO but didn't explain the details.

So, until we get a better filter we'd better stick with Montana IMHO.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #25
  • Jun 30, 2011 7:10am Jun 30, 2011 7:10am
Quoting prof8t
How far back does it repaint?
I was watching M-1 (just to make sure that Yarara didn't repaint) and I saw Montana repainted the last 4 candles. Maybe there's a difference between M-1 and H-1 but FOUR candles is a little too much even for M-1...
Gentlemen always play by the rules. If they can't, they change the rules.
  • #26
  • Jun 30, 2011 9:45am Jun 30, 2011 9:45am
Quoting Favorite
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.
Thanks very much Favorite.
  • #27
  • Jun 30, 2011 11:14am Jun 30, 2011 11:14am
one more nice trade. got in yesterday at 0.8335, take profit was hit at 100 pips profit.
Attached Image (click to enlarge)
Click to Enlarge Name: ucmz.gif Size: 28 KB
meine augen sind die sterne
  • #28
  • Jun 30, 2011 11:38am Jun 30, 2011 11:38am
Quoting Favorite
No offense - but who cares?

The system works and that's what is important, not whether the indicators are "new and original"...
Your right, it isn't that important..just pointing it out. As you say, the important thing is that the system works....but does it really? How can you rely on signals that change completely depending on how far to the right your chart is scrolled, or what if I change the zoom on the chart....oops now the buy signal is a sell signal, not to mention the fact that one of the indicators redraws itself up to 6 previous bars so that it always looks "perfect" on a completed chart.
  • #29
  • Jun 30, 2011 11:46am Jun 30, 2011 11:46am
well, i understand all these "repaint"-posts.
i was with you guys, for a really long time.
at a certain point you have to realize that you won't get spoonfeed. means you will never get a system which gives you a signal like "Blue", now i buy and "Red" now sell. if you believe that a system like this exists: stop trading and get a job.
it is hard but it is the truth. most will learn the hard way.
but if you realize this, you can get around this.
just make clear that every system needs interpretation.
you have to "feel" how it acts. and you have to build your own strategy around it.
meine augen sind die sterne
  • #30
  • Jun 30, 2011 12:21pm Jun 30, 2011 12:21pm
a good example of a trade I (!) would skip.
i see a price in a down-channel.
plus, there is a resistance-zone at around 130.30.
additionally montana was just a little in the negative.
a trade that can work, but to many points for me against it.
Attached Image (click to enlarge)
Click to Enlarge Name: gjmz.gif Size: 24 KB
meine augen sind die sterne
  • #31
  • Jun 30, 2011 1:46pm Jun 30, 2011 1:46pm
Someone has calimed to have backtested these indies. Has anyone here tried that yet?
  • #32
  • Jun 30, 2011 2:48pm Jun 30, 2011 2:48pm
I ignore the red and green lines printed on the chart as they repaint.

I go strictly by the arrows in conjunction with bars above/below zero.
It works for me on the 4hour chart so I'm happy.
  • #33
  • Jun 30, 2011 3:25pm Jun 30, 2011 3:25pm
Quoting Aldente
Your right, it isn't that important..just pointing it out. As you say, the important thing is that the system works....but does it really? How can you rely on signals that change completely depending on how far to the right your chart is scrolled, or what if I change the zoom on the chart....oops now the buy signal is a sell signal, not to mention the fact that one of the indicators redraws itself up to 6 previous bars so that it always looks "perfect" on a completed chart.
Aldente, if you read the posts that aserbfx, prof8t, rcbarlow, frida, mgs1f posted here, you can see, that it works if you make it work. I think aserbfx is absolutely right saying "every system needs interpretation". This system needs interpretation as any other system does.

I have very good results with "Trading Made Simple" system, but I had to change the rules a little bit so the system fits me. And I don't want to have just one system, that's why I'll try this "Montana and Yarara" system, demo it for a while and change it a little.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #34
  • Jun 30, 2011 3:28pm Jun 30, 2011 3:28pm
Quoting prof8t
Someone has calimed to have backtested these indies. Has anyone here tried that yet?
I'm not sure whether you can backtest Montana. Since it repaints, it will look different on the history, right?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #35
  • Jun 30, 2011 3:32pm Jun 30, 2011 3:32pm
Quoting row
Thanks very much Favorite.
You are welcome!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #36
  • Jun 30, 2011 3:33pm Jun 30, 2011 3:33pm
Quoting aserbfx
well, i understand all these "repaint"-posts.
i was with you guys, for a really long time.
at a certain point you have to realize that you won't get spoonfeed. means you will never get a system which gives you a signal like "Blue", now i buy and "Red" now sell. if you believe that a system like this exists: stop trading and get a job.
it is hard but it is the truth. most will learn the hard way.
but if you realize this, you can get around this.
just make clear that every system needs interpretation.
you have to "feel" how it acts. and...
That's a great post!

Thank you, aserbfx!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #37
  • Jun 30, 2011 3:44pm Jun 30, 2011 3:44pm
Has anyone here tried M-15?

I read that the system works on M-15 too (unfortunately I lost the link, it was some Russian Forex forum).
Gentlemen always play by the rules. If they can't, they change the rules.
  • #38
  • Jun 30, 2011 3:53pm Jun 30, 2011 3:53pm
Doesn't work very well for me on 15 min, however, 1 hour is fine.
  • #39
  • Jun 30, 2011 3:56pm Jun 30, 2011 3:56pm
Quoting rcbarlow
Doesn't work very well for me on 15 min, however, 1 hour is fine.
Thanks, that's what I thought.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #40
  • Jun 30, 2011 4:28pm Jun 30, 2011 4:28pm
sorry for my bad english

why everyone looking for indicators with weird names removed from scientific dictionary, you have the same things mt 4, just know how to use them,.
why all new traders try to find the best indi whit special name and dont use what they have on mt 4?
because they dont now how to work whit them because they need arow to show them when to enter and they need screen mesage maybe a call on mobile to tell them when to trade
--so use simple indi and try to understand them is very simple just wach the map attach .
Attached Image (click to enlarge)
Click to Enlarge Name: just simple.JPG Size: 132 KB
0 traders viewing now