it's not so trivial - see here.
version a requires 2 consecutive bars (1st closed, 2nd can be open) to change from neutral to bull/bear.. there will always be neutral colour between bull/bear with version a. it will lag but it will never repaint the colours.
version b will ocassionaly repaint the last closed bar with wrong colour (only one, not two or more) in choppy conditions but per observation in visual tester it's barely noticeable (m5)....
Where are you from MJ ?
The version a is pretty close to what I want. I rapidly checked it out, sometimes the colour isn't right but it seems to not be too often. Did you make or altered them ?
Thank you!!
i like the b better but don't have use for this indi anyways.. i prefer plain moving averages, single colour.. but i'm eager to see what kind of improvement you have found using it with symphonie - please share!
....well i made these two as they were simple, anybody reading few mql lessons could do it, but i'm really not good with indicators so i always open some similar ones, looking for the logic. the a is rather 'ma_in_color' style.. the b is something like FxSniper's way.. but it's not copy/pasted, i would not (c) that if it was. i'm czech,...
CasinoEdge,
Can I please ask you how you select your trades? What prompts you to take a trade? Which timeframe do you use to scout for your trades?
I've been very unsuccessful with this method and almost giving up. I admit one of my mistakes has been taking trades from the 5Min chart which then suddenly changes direction. I'll now use the 15Min chart .
When I look at your charts that you post I see trades but when I try and trade on my own its not very clear.
Any tips would be most appreciated.
But it's currently sitting at 170pips since the signal from this system.
I'm not CasinoEdge but I may give you some insight into picking the CREAM of trades. This one here I don't actually have open anymore since I accidentally closed it at 120pips instead of closing my EU trade
I think one of the main ideas is to not buy or sell against a trend. Go with a trend and you can benefit greatly.
I have also found 5min TF may be a little low due to repainting. I'm currently experimenting with 15min and 30min. The signals have been stronger.
Steps...
I'm not CasinoEdge but I may give you some insight into picking the CREAM of trades. This one here I don't actually have open anymore since I accidentally closed it at 120pips instead of closing my EU trade
I think one of the main ideas is to not buy or sell against a trend. Go with a trend and you can benefit greatly.
I have also found 5min TF may be a little low due to repainting. I'm currently experimenting with 15min and 30min. The signals have been stronger.
Steps...
Sigh...... DON'T TRADE AGAINST THE TREND FFS WAKE UP!!!!!
Therefore, your trades placed WITH the major trend will give you more confidence on success and the confidence to ride the wave for longer term pips.
Any tips would be most appreciated.
i'd like to tell you an indi-based advice but i can't help myself, my 'holy grail' is locating levels/breakpoints (see the circles on chart; every one of them has been at least the 3rd tap) and taking system signals one way in strong trend and both ways in ranging/drifting market (inside a pattern). Combine with pivots/fibs/psych levels/murrey math/camarilla/anything-line for confluence (and to help your confidence), wait for Symphonie signal in the right direction and you have a loaded gun.
we should be able to discuss everything about the trades then, they will be thoroughly documented.What stop loss are you guys using for M5 trades? Are you using the fixed 50 pip as per post #1 or are you placing it behind the swing high/low?
PB
YES!!!!
YES! I will look up your longterm trend indi. CasinoEdge does use the MTF HA for similar purpose i guess. the problem w/the HA is the larger TF dots paint back. i use the 'Daily/H4/H1 + eyeballs' indi. I have yet to encounter any significant flaws, if i find a better one, i'll start using it - why not?
Hi
Your method reminds me of Lawgirls method of three taps. I definitely need to do some reading.
i use her H1 4 candle breakout too you will never waste a second of time reading her threads.
I'm very very new here, just sharing my experiences be them woes or triumphs. I think it's important for people to share the bad as well as the good.
I was frustrated enough with myself and I know the mistakes I've made. I traded against the trend because I want the system to be right for the time frame traded in the majority of the time, as most do. I don't want to be swayed by opinion, gut feeling, emotion or doubt.
If I trade the system solely to these rules then I can get an accurate win/loss ratio based on following the system alone, which gives me a foundation upon which to expand. If I follow any other direction then simply saying trade when all 4 indicators are ready is not the system, and the system instead is removed of potential trades due to the requirement of checking larger trends. If that's the case, then you remove yourself from some 4 indicator setups, and so your entry opportunities are reduced, and so the system changes.
Tell me this; if you're removing 4 indi setups from your trades when they go against the longer trend how is that damaging or amplifying your win margins and risk/reward? How many trades on average do you remove yourself from by not entering a 4 indi set-up trade where long time trends are moving against the SEFC, how many of those are losers vs winners based on your SL/TP strategy? Do you actually have the numbers on anti-trend trading on M5 to prove it's not ever profitable in the long term? Do you even trade Eval's strategy?
From your previous posts it seems like you've gone off on your own tangent anyway, did you give it thousands of trades to balance out any variance and conclude with a win/loss ratio backed by statistical fact? Or is this just anecdotal opinion?
It's all very well you being angry at people who don't have the same knowledge as you, and I'm sure it's frustrating.
But what you need to understand is that people will learn by their own mistakes and through their own way, help them sure, but only if you actually want to help them. All you did in the above post is condescend and moan because I haven't studied your sub-strategy to Eval's fantastic original post.
Which you're of course entitled to do, but you must remember that people are attracted to the strategy they see in the first post, and like me will probably follow the original poster through the thread but not the 100s/10s of other people throwing their opinion and advice around. If you listened to every piece of advice in this thread you would come out of it very confused and short of profit due to the disparity/divergence and general misdirection of public opinion.
. Will look for other signals.
