The SMMA_Trend_Filter_Enable function had a slight error in v1.5. The calculations used an SMA ma instead of an SMMA ma. V1.5.1 attached corrects this problem
Ignored
this baby is giving some good signals lately. Im hoping that this indi becomes a stand alone, lets keep working with it. I really like this trend period addition, 34 looks sweet on 5 min, 50 looks like the ticket on 1 min.
Lesso thanks for steering me to the easy EA. I used it for awhile but it was cumbersome on occasion. I then stumbled onto a similar gadget in ff which is a plug in at "MT4 Plug In trade by lines with risk based lot sizing". It works great with your system. Just thought I would give a heads up. Ignore the prior statement somehow my broker now has ignored the pending orders that violated the 40 pips rule. Oh well back to square one.
I should never have switched from scotch to martinis
So I think I am doing something wrong. I would post a chart but I can't even get a print screen to work. Although I am not new to computers or Forex trading, I am new to posting on boards or blogs or forums.
My chart has this setup when I list indicators:
Main chart:
PivotsD_v5
Moving Average
Indicator Window 1
VQ-mrp+arrows
Indicator Window 2
MACD(DEMA)DiNapoli_v1 lines
Indicator Window 3
LessoSignals.v1.4
This causes a row of yellow bars with a scattering of red and green in Indicator window 3.
On the positive side, I did manage to make a few winning trades even though the spread was 25 points. But that was with the plain LessoSignals that ends up in the Main Chart window.
Anyhow, I can see the benefit and potential but don't seem to have the right indicators loaded. Can someone please give me a list of the current indicators I should have on my chart?
Lesso thanks for steering me to the easy EA. I used it for awhile but it was cumbersome on occasion. I then stumbled onto a similar gadget in ff which is a plug in at "MT4 Plug In trade by lines with risk based lot sizing". It works great with your system. Just thought I would give a heads up. Ignore the prior statement somehow my broker now has ignored the pending orders that violated the 40 pips rule. Oh well back to square one.
So I think I am doing something wrong. I would post a chart but I can't even get a print screen to work. Although I am not new to computers or Forex trading, I am new to posting on boards or blogs or forums.
My chart has this setup when I list indicators:
Main chart:
PivotsD_v5
Moving Average
Indicator Window 1
VQ-mrp+arrows
Indicator Window 2
MACD(DEMA)DiNapoli_v1 lines
Indicator Window 3
LessoSignals.v1.4
This causes a row of yellow bars with a scattering of red and green in Indicator window 3.
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Joined May 2011
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Status: My Avatar IS the Avatar
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I think I have optimized the LessoSignals indi settings, very good results this week, very reliable signals. EasyRider did a great job, thanks George...next logical step would be to Automate I think.
Hey Lesso! Just want to thank you for this great thread! The Strategy seems to be simple with good profits. Yesterday I read thru the thread und today I want give a try!
Hey Lesso! Just want to thank you for this great thread! The Strategy seems to be simple with good profits. Yesterday I read thru the thread und today I want give a try!
Cheers
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great to have you. feel free to post charts and set ups.
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Joined May 2011
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Status: My Avatar IS the Avatar
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changed the VQ setting on lesso signals indi to 7....adding Easy order scripts, streamlines order placement and TP SL adjustment in a huge way. Should really improve trading, experiment with it and see. the link to the coders page is in this thread in post 207. check out all the winning signals LessoSignals gave off today....shweeet!
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Joined May 2011
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Status: My Avatar IS the Avatar
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For those of you that like the longer time frames check out this signal from today on CABLE. 17 pip stop loss with an almost 10:1 reward. wish I had spotted it.
The SMMA_Trend_Filter_Enable function had a slight error in v1.5. The calculations used an SMA ma instead of an SMMA ma. V1.5.1 attached corrects this problem
Ignored
George, I see the indi had a sound alert, but I would like a pop up alert, could you throw this in as an extern bool?
I have read though the thread with interest. Thanks Lesso for sharing your system and to Easyryder for his indy's.
I have setup a chart as attached, but have some questions which I hope you can answer:
1. I have shown some Lessosignals 'signals' which may not agree with the VQ-nrp indy, the VQ-nrp properties are as follows:
Price smoothing 7
Price smoothing method 3
MA1 Period 20
MA2 Period 200
Filter 5
Maybe I have a setting wrong, can you please advise me.
2. Take profit rule is clear for 1st half of position, we then move 2nd half to BE and let it run. Do you have a rule for closing this 2nd half providing it doesn't come back to hitting BE. Maybe a trailing stop or target next pivot level??
In the attached chart I used the VQ-nrp colour change for closing the 2nd half. I was wondering what you use?
I have read though the thread with interest. Thanks Lesso for sharing your system and to Easyryder for his indy's.
I have setup a chart as attached, but have some questions which I hope you can answer:
1. I have shown some Lessosignals 'signals' which may not agree with the VQ-nrp indy, the VQ-nrp properties are as follows:
Price smoothing 7
Price smoothing method 3
MA1 Period 20
MA2 Period 200
Filter 5
Maybe I have a setting wrong, can you please advise me.
2. Take profit rule is clear for 1st half of position, we then move 2nd half to BE...
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hey 236dave, thaks for checking it out.
answers:
1. those are the settings i use for both indies. As far as why is it showing earlier than the VQ? not sure. I dont have the source code available to check the values of LessoSignals. but as long as it isnt giving false signals, im ok with early. I use buy stop and sell stop orders any way, so it wouldnt really matter much to me.
2. After the first half closes, I typically would use the next pivot or big round number for a target, although lately I have been experimenting with a jumping stop....so far its hit or miss, the most profitable way so far has been to manually trail the remainder placing the stops on the swings and closing out the order when price stalls.
changed the VQ setting on lesso signals indi to 7....adding Easy order scripts, streamlines order placement and TP SL adjustment in a huge way. Should really improve trading, experiment with it and see. the link to the coders page is in this thread in post 207. check out all the winning signals LessoSignals gave off today....shweeet!
Below is a nice ma chart indicator - courtesy of kinonen - that will further visually filter entry/exit. It colors itself according to cci and rsi.
If cci and rsi can be incorporated into the histogram for signals, we can perhaps be more liberal and allow "fresh signal only" false while getting rid of many of the false/redundant alerts as per chart below. That way we get every possible signal while at the same time ensuring that they are valid and will at least get us to break even.
A good filter may be rsi 8 with cci 14, cci 34, cci 79. (These are arbitrary #'s but generally if ma angles are good these settings together work.)
Lesso, not sure exactly what you want here?? Can you explain?
Also, what parameters are you using on the 15m chart? I see a 60smma/weighted close and a 200sma/close. No SignalLine. Is the VQ still 7 ? Touch Distance? Do you have the trend filter enabled?
I will default the VQ period to 7 in the next mod to the indi.
