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  • #921
  • Nov 3, 2011 6:20am Nov 3, 2011 6:20am
Quoting M_j
So you changed all to SMA.

1.
Anyway about the MTF SMA: do you have any condition for them how you use them (maybe a bit early to ask)

Do you also plan to use them stack in Order ?

e.g. with the existing indi this would not be possible - but I can implement something like that?


2.
if you could include price at pivot

Not sure: is that similar as we did with price touch MA.

So if Price touches the daily pivot? (I use chart bar to be consistent with Past data.)

Only the pivot...
1. I was looking at the stack (haven't been able to gather very much info on the stack from live scenario since price has been a bit rangy lately...)but than have been taking notice to the way the 15minute and 30 minute 50 sma's work with price so far its a bit premature to say i have any ideas as I've just been taking note to things I've seen so far and seen some useful info but trying to think of a way to actually apply this...so far what I've seen is that I like the 15 and 30 minute stacked and sloped with price coming and touching and failing at the 15minute's sma...but when the 15 minute 30 minute and 60 minute are stacked it creates a very strong trend situation...

2... The pivot line and other support resistance too but yes exactly something similar to price touch ma...
No man is free who is not a master of himself. -P.M.-
  • #922
  • Nov 3, 2011 6:26am Nov 3, 2011 6:26am
Quoting pmullin86
.

2... The pivot line and other support resistance too but yes exactly something similar to price touch ma...
Just to make sure we are on the same page: you want to be alert when price touches the pivot or price touches any of the other pivot related support/resistance line.

If that is correct I would suggest using: Pivot, resistance 2, Resistance 2, Support 1, Support 2

I know some calculate also a 3 s/r - What do you think?



2. about the MTF- MA I guess we wait - but I but something like that in my mind - at least the basic layout I will probably implement quite soon.

Special condition I can hopefully add later.
__Thanks__ MJ
  • #923
  • Nov 3, 2011 6:30am Nov 3, 2011 6:30am
Quoting M_j
Just to make sure we are on the same page: you want to be alert when price touches the pivot or price touches any of the other pivot related support/resistance line.

If that is correct I would suggest using: Pivot, resistance 2, Resistance 2, Support 1, Support 2

I know some calculate also a 3 s/r - What do you think?



2. about the MTF- MA I guess we wait - but I but something like that in my mind - at least the basic layout I will probably implement quite soon.

Special condition I can hopefully add later.

1.yes that is correct...the pivot r1,r2,r3 and s1,s2,s3 is exactly what I use so that would be perfect if something possible like that...

2. So what do you maybe have in mind with the mtf-ma...i know it seems that is more your area as it sounds like you've been fooling around with them for a bit now...or is it just with the stack?
No man is free who is not a master of himself. -P.M.-
  • #924
  • Nov 3, 2011 6:35am Nov 3, 2011 6:35am
see how it clearly shows the trend when mtf ma are stacked or look like this...

15 minute 50 sma (blue)
30 minute 50 sma (red)
60 minute 50 sma (yellow)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mtf ma.gif Size: 53 KB
Click to Enlarge Name: mtf ma 2.gif Size: 51 KB
No man is free who is not a master of himself. -P.M.-
  • #925
  • Nov 3, 2011 6:38am Nov 3, 2011 6:38am
I guess ultimately I'm thinking that maybe somehow or another the mtf ma's can help keep us out of consolidation periods and such...(maybe possibly perhaps...) again nothing is for certain so I'm not quite sure if its possible as of yet... but in the pic we can see how price goes rangebound after the trend moves occur and the moving averages from different time frames are no longer stacked...
No man is free who is not a master of himself. -P.M.-
  • #926
  • Edited 8:34am Nov 3, 2011 6:51am | Edited 8:34am
Quoting pmullin86
2. So what do you maybe have in mind with the mtf-ma...i know it seems that is more your area as it sounds like you've been fooling around with them for a bit now...or is it just with the stack?
Well, lately I did not really play much around with anything - too busy with my personal stuff.

But a year or so ago I did look a bit more into MA based systems and usually I would add such to a number 3 or 4 charts with different TF.

Coming from that I have surely in mind:

MTFSame MA support. Meaning a Section of a number of MTF MA - where all of them use the SAME MTF interval.

Based on them different SubALERTS (probably similar to what on the chart interval version:

So at the moment:
MAOrder,
MA Direction
BarInMaZone

I have now added something like what you are doing to my consideration list:

MTF-MA Section: where each MA can use their own MTF interval
which SubALERT condition I leave for now open.

But I guess stack Order is for MA always something - also Direction.

Probably BarTouch such MA zone is not so interesting - but who knows.


Anyway: from my past screen time when I had different MA on multiple TF charts the 50 SMA seemed to work quite interestingly - as well as the 21 EMA. Also useful to look how the 21 is used here: 4 Hour Strategy (MACD) http://www.forexfactory.com/showthread.php?t=14630

With what I did back than I would do something like:

1.EMA: 10-15 somewhere in between of that value
2.EMA: 20-36 (depends also a bit to what the 1. is set
3. 50 EMA or SMA (or a little bit after 50 (60) because sometimes it seems just a small spike takes out the 50 and bounces back) depending which purpose the 50 has in the system.
4. 100 EMA or SMA: ( I liked to use that as a kind of boarder line - if price breaks it - forget the setup)

Anyway, I might change that a bit around when I do my new testing - also partially because of you using the higher value.

But as I said: in a MTF setup this is not always so clear: as the 200 SMA on the M5 could be translated to a M15 SMA 66 (or quite close to it)

I hope this time the MasterALERT works out more like I had planned something similar when despichtt was discussing ideas with us.

Of course in the mean time I did a lot of indi programming - got a bit better myself and have produced with the first version of your combined Alerter something which can be used as a general basis - so things look brighter this time
__Thanks__ MJ
  • #927
  • Nov 3, 2011 8:46am Nov 3, 2011 8:46am
Just something I will check into: might open up new option.

If you remembered I always required that MTF indicators Interval is higher than the Chart: otherwise you got an Warning

Reason is that if the MTF interval is lower than the Chart: one can not truly plot all the info: for example of a line indicator as ther is only 1 M5 bar for 5M1 bars.

Anyway, I removed all plot option from the new MasterALERT indicator - and it will be a ONLY ALERT indi.

So, I will look into the option if we can again allow lower TF setups to be included.

e.g. Chart is M15 : until now I did not allow any stuff from M5 or M1 to be included.

If things work out as I hope: that one could use still certain SubALERT condition which are based on MTF-M5 or M1 even when the chart is M15.

Hope this makes sense to convey what I try to say.

I think I recall correctly, that Spud had something like this at one point in his Spud's Predictive MTF Stochastics (http://www.forexfactory.com/showthread.php?t=119483)

where he would use M5 as main chart - some higher MTF and the M1 as confirmation ( I had in my auto trading system something following such at one time)

I still have to check if that would work with the lower TF.


It might be interesting in case one trades on M30 or H1 or even the H4 and than be able to use conditions also from the lower TF in the final Alert.
__Thanks__ MJ
  • #928
  • Nov 3, 2011 8:54am Nov 3, 2011 8:54am
Quoting M_j
Just something I will check into: might open up new option.

If you remembered I always required that MTF indicators Interval is higher than the Chart: otherwise you got an Warning

Reason is that if the MTF interval is lower than the Chart: one can not truly plot all the info: for example of a line indicator as ther is only 1 M5 bar for 5M1 bars.

Anyway, I removed all plot option from the new MasterALERT indicator - and it will be a ONLY ALERT indi.

So, I will look into the option if we can again allow...

it makes perfect sense and may indeed be interesting...
No man is free who is not a master of himself. -P.M.-
  • #929
  • Edited 1:29pm Nov 3, 2011 1:01pm | Edited 1:29pm
Just posting some charts as I am still using this system but only the trend following portion still as it's what I'm comfortable with I suppose.. Few trades during the week but enough to get what I need..

Today I had 2 BE trades and a winner for 1% (risking 1% on all trades).. Both BE trades went beyond +1% but I have gotten into the habit now of setting to BE at 1%.

I'm presuming that they are within the rules of your system pmullin but feel free to comment.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 28 KB
Click to Enlarge Name: eu2.gif Size: 27 KB
Click to Enlarge Name: uchf1.gif Size: 27 KB
  • #930
  • Nov 3, 2011 1:28pm Nov 3, 2011 1:28pm
Quoting balrog
Just posting some charts as I am still using this system but only the trend following portion still as it's what I'm comfortable with I suppose..
but only the trend following portion

In my opinion a Good choice

balrog, can you comment which one was the winner - thanks.

Do you trade only M15 TF or was it just by chance?

is 1:1 R:R I'm right?

Congratulation: 1% is a very nice return for a day. 1%

__Thanks__ MJ
  • #931
  • Nov 3, 2011 1:39pm Nov 3, 2011 1:39pm
pmullin86, could you maybe in your next couple of trade charts point out when it is based on something using the pivot related stuff (I would like to see such - maybe small explanation) so I can further consider if I finally include pivot in the MasterALERT and also maybe get some better idea how that could work out with our rest.

Nothing fancy - maybe also if the trade was in the end a success or a BE, or a loss.
__Thanks__ MJ
  • #932
  • Nov 3, 2011 1:46pm Nov 3, 2011 1:46pm
ok no problem MJ
No man is free who is not a master of himself. -P.M.-
  • #933
  • Nov 3, 2011 1:47pm Nov 3, 2011 1:47pm
Quoting M_j
but only the trend following portion

In my opinion a Good choice

balrog, can you comment which one was the winner - thanks.

Do you trade only M15 TF or was it just by chance?

is 1:1 R:R I'm right?

Congratulation: 1% is a very nice return for a day. 1%

Thanks M_J

The winner was the EURUSD and the time was 23.45 on the chart at the bottom. It went to 2% and I locked in 1% which was subsequently hit. Just like pmullins money management I am trying out locking in BE at 1%, 1% at 2% and so on until my stop is hit.

I try to use both 5m and 15m but it just happened that I noticed these on the 15m today, that's not to say that I didn't miss a setup elsewhere which I have a habit of doing but I do think I am getting better at spotting them.

My weekly goals are small so I'm happy with 1% today. So far so good.
  • #934
  • Nov 3, 2011 1:51pm Nov 3, 2011 1:51pm
Quoting balrog
Thanks M_J

My weekly goals are small so I'm happy with 1% today. So far so good.
Thanks a lot for the feedback - very kind of you.
Compound your profit and you will see great results in the end


Attached: compound.xls

I downloaded from this good trader page: http://www.futurestech.com.au/Compounding.htm many good infos there.
Attached File(s)
File Type: xls compound.xls   18 KB | 303 downloads
__Thanks__ MJ
  • #935
  • Nov 3, 2011 1:58pm Nov 3, 2011 1:58pm
Quoting balrog
Today I had 2 BE trades and a winner for 1% (risking 1% on all trades).. Both BE trades went beyond +1% but I have gotten into the habit now of setting to BE at 1%.
balrog, Sorry one more

What I would be interested in: did you ever check the final outcome if you would cash in whenever 1% is hit.

I mean in total. Today you would have made 3% - do the few who run further make up really more?

Also did you ever consider close out maybe the 1/2 position at 1% and set only the second 1/2 to break even and at the next point 2% again take out the 1/2 of the remaining position and so on?

(not sure if that is possible at your broker: I use OANDA since more than 6 years.)
__Thanks__ MJ
  • #936
  • Nov 3, 2011 2:00pm Nov 3, 2011 2:00pm
Quoting M_j
Thanks a lot for the feedback - very kind of you.
Compound your profit and you will see great results in the end


Attached: compound.xls

I downloaded from this good trader page: http://www.futurestech.com.au/Compounding.htm many good infos there.
You're welcome..

I like the power of compounding, I just need to be consistent over a long period of time Thanks for the file and the link, will check it out.
  • #937
  • Nov 3, 2011 2:15pm Nov 3, 2011 2:15pm
Quoting M_j
balrog, Sorry one more

What I would be interested in: did you ever check the final outcome if you would cash in whenever 1% is hit.

I mean in total. Today you would have made 3% - do the few who run further make up really more?

Also did you ever consider close out maybe the 1/2 position at 1% and set only the second 1/2 to break even and at the next point 2% again take out the 1/2 of the remaining position and so on?

(not sure if that is possible at your broker: I use OANDA since more than 6 years.)...
M_J

I've only been trading this way for the past 3 weeks so not sure of what the hit rate is like yet as I did make a few mistakes in the early part but I think I am ironing those out at the moment. In truth I haven't looked at the math yet but there have been trades that have gone to 4% for me in that period but also trades that have gone above 1% only to hit BE.. If I get a couple of trades that run then that might be my total for the week so I suppose at the moment there is a bit of greed there to stay in and see how the trade progresses. But I am open to ideas..
My broker does allow closing out 1/2 positions but I'll stick with this way for a few more weeks and then see what the hit rate is like and whether it's worth looking at alternative mm solutions.
  • #938
  • Nov 3, 2011 2:27pm Nov 3, 2011 2:27pm
thanks balrog.

BTW: I'm not suggestion alternative mm - something similar seems to work for pmullin86.
Just would be interested in the math if it 'really' pays off in the end .

because as I understand it: you both give away at nearly each trade a profit of 1:1 and often a bit more. (maybe I'm mistaken cause I do not follow the thread in depths - just skipp through - mostly the charts and success stories

Anyway: much success to you.

MJ
__Thanks__ MJ
  • #939
  • Nov 3, 2011 2:43pm Nov 3, 2011 2:43pm
Quoting M_j
thanks balrog.

BTW: I'm not suggestion alternative mm - something similar seems to work for pmullin86.
Just would be interested in the math if it 'really' pays off in the end .

because as I understand it: you both give away at nearly each trade a profit of 1:1 and often a bit more. (maybe I'm mistaken cause I do not follow the thread in depths - just skipp through - mostly the charts and success stories

Anyway: much success to you.

MJ
I'll make a note of it over the coming weeks as to how many of my trades go to +1 and beyond before hitting a stop and whether taking partial profits on any longer runners would have been more beneficial.. I should be able to do this as there is quite a gap between some of the trades I take.

I was involved in another thread where r:r of 1:3 or the next pivot was the goal or else stop loss was hit. In some instances it could go to 2.5% but reverse and hit sl. That was a big drain. I like pmullins way in that BE is set 'relatively' quickly if you are in profit and that a trade can run.

Pmullin seems to have good success with it as quite a few go beyond 1:1 and I think r:r is key in making a strategy work. That is just my humble opinion. I'm sure there are more senior traders out there who will have a different view on it.
  • #940
  • Nov 3, 2011 5:36pm Nov 3, 2011 5:36pm
Have time to post these screen shots but here are three trades I took that didn't post yet...eur usd buy which reasons for entry are commented on chart and took a buy on the usd chf which I should have stayed out of but the reason I entered was I thought price was bouncing off a trend line from the one hour but I drew that trend line incorrectly... (what do I mean...???) well I usually draw the trend lines from where the stochastic turns up and it seems I drew a trend line from where I thought the one hour had turned down and than turned up but it turns out at that point the one hour stochastic had never turned down and so as a result the beginning candle for the trend line should have been a bit further back where it actually did turn up from being down...( only reason this is necessary is because the one hour stochastic closed in overbought....) and the third is a sell entry on the usd chf which is basically the same scenario as the eur usd entry but the opposite direction...

total for the day about 4%
eu+3
usd/chf -2%
usd/chf +3%
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur usd buy.gif Size: 42 KB
Click to Enlarge Name: usd chf buy.gif Size: 46 KB
Click to Enlarge Name: usd chf sell.gif Size: 41 KB
No man is free who is not a master of himself. -P.M.-
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