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supertrend system MTF

  • #21
  • Dec 17, 2011 11:55am Dec 17, 2011 11:55am
:-)

Ho ho ho!
  • #22
  • Dec 17, 2011 12:00pm Dec 17, 2011 12:00pm
Quoting pgpb
:-)

Ho ho ho!
niece one, could u send template file ?
  • #23
  • Dec 17, 2011 12:30pm Dec 17, 2011 12:30pm
Quoting billbss
I think it needs to be loaded up with many more indicators.

It's Christmas.

We need a lot of red and green- also silver and blue.

I'll check through my files and see what I have
Hey Bill, that's hilarious. Funniest post I've seen in a long time!

Merry Christmas!!
"Be the change that you wish to see in the world." --Gandhi
  • #24
  • Dec 17, 2011 12:50pm Dec 17, 2011 12:50pm
Hi pgpb

Just curious, is the xSuperTrend modified from the original indicator?

cheers
  • #25
  • Dec 17, 2011 1:30pm Dec 17, 2011 1:30pm
Quoting goldsurfer
Hi pgpb

Just curious, is the xSuperTrend modified from the original indicator?

cheers
I got the xSupertrend indicator here
http://www.forexfactory.com/showthread.php?p=5193841

He says they do not repaint.

Swingman has also created some good supertrend indicators
you can get them here
http://www.forexfactory.com/showthre...44#post3985544

I wanted a supertrend indicator where I could have a MTF version

PGPB
  • #26
  • Dec 17, 2011 3:03pm Dec 17, 2011 3:03pm
Quoting zamanib
I think we can improve it -- the matrix I used I think it is set to 15 1hr 4hr and dialy -- I am sure should get more trades with other setting

may be 15 30 1hr 4hr

lets do some work -- some can play around and find the best settings
Quoting pgpb
I got the xSupertrend indicator here
http://www.forexfactory.com/showthread.php?p=5193841

He says they do not repaint.

Swingman has also created some good supertrend indicators
you can get them here
http://www.forexfactory.com/showthre...44#post3985544

I wanted a supertrend indicator where I could have a MTF version

PGPB

Thanks, I am very familiar as I followed the original TrendMagic thread years ago with the infamous TudorGirl and Edge, Paulus was a major contributor and actually started the thread. There is an indicator out there as described by zamanib, based on the original supertrend indy which as far as I know did not repaint. Here is a version I have, you must have both indicators in your folder for the MTF version to work, it does not use a neutral color, when the supertrend is neutral, it shows a blank. The default is based off of the 50 sma, this can be adjusted. I do not have the mq4.


I marked the trades for Dec. so far based on Frankfurt to NY close only and it was 11winners-5losers based on Z's 30 and 30 TP/SL with one bad whipsaw day. Being a MTF indy, can't be sure of the accuracy with visual backtest of course.


Brought back memories so I wasted some time on a Sat morning....
the original....http://www.forexfactory.com/showthread.php?t=165948
Attached Image (click to enlarge)
Click to Enlarge Name: Dec14.jpg Size: 35 KB
Attached File(s)
File Type: ex4 currentTrend mtf_4.ex4   17 KB | 1,278 downloads
File Type: ex4 CurrentTrend.ex4   3 KB | 1,094 downloads
File Type: tpl dec_mtf.tpl   9 KB | 822 downloads
  • #27
  • Dec 17, 2011 3:54pm Dec 17, 2011 3:54pm
Quoting pgpb
backtest this and see how many good looking trades show up.
I trade this with GBPUSD, EURUSD, AUDUSD, USDCAD
It just takes a few minutes to spot a good set up.
Enter with a pending order a few pips under/over support and resistance and go for 30 pips, sometimes the trade will run for much further than 30 pips, but usually you can get 30 pips

PGPB

will the idicators you are using repaint ?!?

if they do backtesting isn't useless??!
  • #28
  • Dec 17, 2011 3:56pm Dec 17, 2011 3:56pm
Quoting goldsurfer
Thanks, I am very familiar as I followed the original TrendMagic thread years ago with the infamous TudorGirl and Edge, Paulus was a major contributor and actually started the thread.

That's the most famous (infamous) thread in FF history.

Every con man in forex was involved in it.

TRO was even there with several of his aliases.
  • #29
  • Dec 17, 2011 3:59pm Dec 17, 2011 3:59pm
This is a great system but I think it loses its reason for being. Everyone puts their own indicators. No one tries to test the system, everyone thinks he is smarter and just adds new indicators. I think you need to delete your templates and indicators and you need to let pgpb to do his job.If you think you are smarter, please open your thread.
  • #30
  • Dec 17, 2011 4:06pm Dec 17, 2011 4:06pm
[quote=pgpb;5231415]Agreed, Zamanib is the one who gave me this idea for sure.


I find that what works (for me) with trading is to trade off the 15 minute charts.
I find the 5 minute charts demand that I keep my eyes glued to the screen too much.
I am sure that one hour charts and 4 hour charts can be very lucrative, but I like to take small profits with small stop losses, hence the 15 minute charts work for me. I am sure that this can be adapted to trading off the one hour charts using a 240 supertrend as a guide



for mine M15 is the best , of course i use gold too for my trading ! my trading is something like this and using super trend and support and resistance for 6 pair + gold , this thread suits me too ,
thx for sharing
  • #31
  • Dec 17, 2011 4:15pm Dec 17, 2011 4:15pm
Quoting newnew
This is a great system but I think it loses its reason for being. Everyone puts their own indicators. No one tries to test the system, everyone thinks he is smarter and just adds new indicators. I think you need to delete your templates and indicators and you need to let pgpb to do his job.If you think you are smarter, please open your thread.

Thanks!!
However I don't really mind people sharing their ideas.

I am personally going to stick with trading the 15 min and 30 min supertrend
It works for me, but the reason it works for me is it suits my temperment.

Others may find a different approach works for them.

Trading is a personal road and there sure is no right way.
However some truisms seem to apply, and I sure have found this:

"Everything should be made as simple as possible, but not one bit simpler". Albert Einstein

In other words, less indicators is better than more indicators.
I find I need three (2 super trends, and 1 support and resistance).

Indicators are kind of like training wheels, or learning to color between the lines.

PGPB
  • #32
  • Dec 17, 2011 4:19pm Dec 17, 2011 4:19pm
Quoting billbss
That's the most famous (infamous) thread in FF history.

Every con man in forex was involved in it.

TRO was even there with several of his aliases.
However there were some very good traders who contributed also.
For example, I have spent many hours reading the posts of Paulus, and he sure is not a con man.

Although that tudorgrl.....LOL, now that was a con-man!!

However, perhaps we should stick to the general theme of MTF super-trend trading.

PGPB
  • #33
  • Dec 17, 2011 4:23pm Dec 17, 2011 4:23pm
Quoting shahrooz67
will the idicators you are using repaint ?!?

if they do backtesting isn't useless??!
I am told that the xSuperTrend indicators do not repaint.
However I do not guarantee this.

If you visit this thread
http://www.forexfactory.com/showthread.php?p=5193841 you will see that the creator of the indi's says they do not repaint

However, backtesting is interesting, but forward testing is where you will build your confidence.
  • #34
  • Dec 17, 2011 4:23pm Dec 17, 2011 4:23pm
Quoting newnew
This is a great system but I think it loses its reason for being. Everyone puts their own indicators. No one tries to test the system, everyone thinks he is smarter and just adds new indicators. I think you need to delete your templates and indicators and you need to let pgpb to do his job.If you think you are smarter, please open your thread.
Sorry to offend you newnew, the post was in response to Z's post of looking for a MTF 15,60, and H4 vs what he had. Not trying to hijack nor will i be using the supertrend. it certainly can be used effectively if you use HH's LL's..., and pivots, but not by following it blind. As far as this month goes, if you shorted the Euro/Cable on any system it would be hard to show a loss.....

cheers


cheers
  • #35
  • Dec 17, 2011 4:34pm Dec 17, 2011 4:34pm
Quoting zamanib
I have high respect for you -- Let make it happen

I like the matrix with 15min 30 min 1hr and 4hr

when all geeen buy with 25 Sl 30 tp or 25 tp

I did manual back test - for December with only supertrend matrix on 15min chart I cam up with 9 winners of 30 pips - and 4 losers with 30 pip
Net 150 pips not bad with no sweating

I think we can improve it -- the matrix I used I think it is set to 15 1hr 4hr and dialy -- I am sure should get more trades with other setting

may be 15 30 1hr 4hr

lets do some work -- some can play around and find...


will you post the indicator u have used !

thx man
  • #36
  • Dec 17, 2011 4:44pm Dec 17, 2011 4:44pm
Quoting shahrooz67
will you post the indicator u have used !

thx man
The indi Zaminib is using is available here
http://www.forexfactory.com/showthre...68#post3994368
(post 355, it is called smsupertrend matrix)

However, and people can decide for themselves, but I find having the lines on the chart are more helpful
I find having a 15 minute supertrend and a 30 minute supertrend and support and resistance is all you need
If you really, really, really want to put on another indicator, try bollinger bands.

PGPB
  • #37
  • Dec 17, 2011 4:54pm Dec 17, 2011 4:54pm
Quoting pgpb
The indi Zaminib is using is available here
http://www.forexfactory.com/showthre...68#post3994368
(post 355, it is called smsupertrend matrix)

However, and people can decide for themselves, but I find having the lines on the chart are more helpful
I find having a 15 minute supertrend and a 30 minute supertrend and support and resistance is all you need
If you really, really, really want to put on another indicator, try bollinger bands.

PGPB


agree with you .

i use just my indicator , supertrend candles and support and resistance line
i was just curious to know how this indic coded and what calculation it uses
  • #38
  • Dec 17, 2011 5:58pm Dec 17, 2011 5:58pm
I´m very friend of supertrend . . . suscribed !
Humble & Kalcker CLO2 = Covid killer
  • #39
  • Dec 18, 2011 2:20am Dec 18, 2011 2:20am
One thing PG, do you wait 4 the candle that breaks s/r to close before entry?
  • #40
  • Dec 18, 2011 6:00am Dec 18, 2011 6:00am
Quoting Sorento
One thing PG, do you wait 4 the candle that breaks s/r to close before entry?
Ideally I will enter with a pending order a few pips below support.
The attached image is AUDUSD Dec 14th
The vertical orange line is 8:15am NY time
4 candles back price broke support, that could have been a good entry, or 2 candles after the orange line price broke support again, a pending order there would have got you in.
There are times where I have gotten in a bit before price broke S&R, because I liked the candle formations I was seeing, but as a rule, entering with a pending order is better I think.

PGPB
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