realjumper,
You are right.
I agree no system will be perfect. But the engineer in me says....keep improving...keep improving....
''vee kannn mak besser!''
I still think if we can marry Trendline and Triggerline together somehow we can get a more reliable entry point when combined with other indicators.:nerd:
Eval.
- #421
- Sep 28, 2011 2:34am Sep 28, 2011 2:34am
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
- #422
- Sep 28, 2011 2:41am Sep 28, 2011 2:41am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
I think its not the question what a indi you use as forth indicator: Supertrend, Trigerlines or HMA. But how sensitive you will adjust this one...you now, and this depends on your tradingstyle: aggressive or conservative
To a point I agree but, I still think there is room for improvement in the Trendline and Triggerline indicators where both agressive and conservative trader would agree this is a good entry point.
Of course, the inputs can be modified to be more agressive (higher risk)Again, I am looking for some marrage of the two to make it a general entry condition.:nerd:
I like your thinking.....
eval.
- #423
- Sep 28, 2011 2:56am Sep 28, 2011 2:56am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
EU
Sarythsaya,
Nice Call.
...50 pip pop..... Italian Bond Auction....ECB buying bonds.....eval.
P.S. Becareful once bond buying ends....look for reverse.
- #425
- Sep 28, 2011 4:49am Sep 28, 2011 4:49am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
Hi Guys,
On of the things I've been working on is what if I missed the initial signal, how, if possible, could I get into a trade with the trend.
I trade using Heiken Ashi candles plus in addition to the indicators Eval has made available with this system I also use MACD (on the bottom in the image) a Multi Time Frame Heiken Ashi showing 5M, 15M, 1H, 4H with a Stoch overlayed on it (on top in the image).
You will see in the image the Aqua vetical line marks the original signal, everything was blue, the stoch was crossed up and the MACD was weakening...
forexnutter,
Great writeup!
Those are all valid entry points if you miss initial....Just be prepared to move quickly if the climate changes. It is unknown how long a trend will last so make sure you have tight stops and are practicing moneymanagement that will accomodate your new entry.Keep up the good work. This is great example!
eval.
P.S. can you post the Heiken Ashi candles indicator you are using please let us know the input setting you are using plus what are your inputs for MACD. (Screenshots would be best)
- #427
- Sep 28, 2011 5:05am Sep 28, 2011 5:05am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
I don't think we'll ever get it perfect......false entries and subsequent losses are inevitable....that's why we use a SL!! For me, I like to look at the Stochastic (on a separate chart of the same time frame) to see whether or not the entry is likely to be a good one or not. Even then, false entries will still happen from time to time.
realjumper and all,
Here is an excellent example of why I am hesitant to use Triggerline and prefer to stay with the original Trendline. As you will see by the conditions you stated for Triggerline to replace Trendline it gave a false SELL signal when Trendline remained BLUE the entire movement. Also, I watched in amazement as 4 complete candlesticks of Triggerline REPAINT!.
I have not seen Trendline repaint.In this instant you would have hit your 50pip stoploss because it never dropped the 30pip change point. I think we need to play with the setting some and determine a better input setting. 15/15 is too sensitive in my opinion and it makes me nervous.
Opinions and input are most appreciated.
eval.
P.S. Please do not misunderstand. I like Triggerline and I think it has great potential but I think we need to work on it.:nerd:
- #431
- Edited 11:55am Sep 28, 2011 5:10am | Edited 11:55am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
- #432
- Sep 28, 2011 5:17am Sep 28, 2011 5:17am
SELL SIGNAL all 4 indicators
SELL order initiated @1.36361 50 pip stoploss using Exit Strategy (2)
"Be the change that you wish to see in the world." --Gandhi
- #433
- Sep 28, 2011 5:17am Sep 28, 2011 5:17am
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
MACD is just standard settings, 12, 26, 9 - I've also uploaded as I've slightly edited to take the text off it.
i like your idea with the heikenashi indi! Thanks so much
- #434
- Sep 28, 2011 5:20am Sep 28, 2011 5:20am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
I was in this too, but I just closed out for +2 pips cause of news in 15 min. I hope the news works in your favor. Good luck!
we shall see if the system can hold up to this news event. i hope it does not hit 50 pip stoploss. i think it will be dollar bullish anyway. (i.e. bad news)
I finally went and did it made my own hybrid
all I added was bob's stoch macd thingy,sweet spots,sixths 10.0,tms osc-histo,MBFX timing,HTID,and absolute strength!:nerd:,looks to give strong signals on 4hr chart
http://www.forexfactory.com/attachme...7&d=1317229596
all I added was bob's stoch macd thingy,sweet spots,sixths 10.0,tms osc-histo,MBFX timing,HTID,and absolute strength!:nerd:,looks to give strong signals on 4hr charthttp://www.forexfactory.com/attachme...7&d=1317229596
- #439
- Sep 28, 2011 10:24am Sep 28, 2011 10:24am
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
I finally went and did it made my own hybrid
http://www.forexfactory.com/attachme...7&d=1317229596
keep it simple bro...
