alphid indicators on 4hr?

Quoting superman

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This indicator needs to be placed on the four hour chart and the weekly chart doesn’t need to be checked because the little indicator at the top confirms if the weekly trend is ^^up^^ or ˇˇdownˇˇ? Right ?

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Quoting superman

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What is the green line for? it sometimes turns dashed when I change the timescale

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Quoting superman

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The grey lines that set the risk model. What are these based on? What are the moving averages? And how would one use these? Do you just place stops at these points?

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Quoting superman

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I need to understand why the warning signs are there. What are they based on? Where do they come from? Are they to do with the filter that’s described in the vegas document? If so could someone try to explain this to me a little differently. Im abit stupid and am finding it hard to get my head around it.

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Quoting superman

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The vegas document says that you should enter trades when the slope changes in your direction whilest on the wrong side of the 55 sma. The automated system sets off an alarm everytime the slope changes. Is it recommended to trade anytime the slope changes and the indicator says “ OK to trade” ?

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Quoting superman

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Thanks in advance for your help. This board is by far the best place ive ever stumbled upon.
Cheers

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Quoting superman

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Hey guys,



Its been a while since ive asked anything but im still here, still reading, still learning.



Just have a few question on the 4 hour tunnel and the indicators that are provided on the beginners forum by team alphid.



Excuse me if these sound too basic but I need to be sure that my thinking is right on these.

 

1. This indicator needs to be placed on the four hour chart and the weekly chart doesn’t need to be checked because the little indicator at the top confirms if the weekly trend is ^^up^^ or ˇˇdownˇˇ? Right ?

Yes this is correct.

 

1. What is the green line for? it sometimes turns dashed when I change the timescale

The green dotted line is the aphid line which is the closing price 8 bars back. When current price goes through this line, the 8ma must change slope. It is an early warning

1. The grey lines that set the risk model. What are these based on? What are the moving averages? And how would one use these? Do you just place stops at these points?

The grey lines you are refering to are the Fib levels that are placed from the 55ma. These are take profit levels. A full description of how these work is in the Vegas docs in the Beginner Forum in the 2nd Sticky.

 

1. I need to understand why the warning signs are there. What are they based on? Where do they come from? Are they to do with the filter that’s described in the vegas document? If so could someone try to explain this to me a little differently. Im abit stupid and am finding it hard to get my head around it.

OOps, I misunderstood your question. Lets see, If the 8ma is buried in the price, it is a low probability trade. So You draw a channel on either side and that is what these warning numbers are. you would place a trade when price broke through that channel in the correct direction.

1. The vegas document says that you should enter trades when the slope changes in your direction whilest on the wrong side of the 55 sma. The automated system sets off an alarm everytime the slope changes. Is it recommended to trade anytime the slope changes and the indicator says “ OK to trade” ?

No, place trades in the direction of the weekly trend and also using the proper amount base on which side of the tunnel you are on... Further, THIS IS NOT A PURELY MECHANICAL SYSTEM.









Thanks in advance for your help. This board is by far the best place ive ever stumbled upon.



Cheers

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Quoting superman

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Hey guys,



Its been a while since ive asked anything but im still here, still reading, still learning.



Just have a few question on the 4 hour tunnel and the indicators that are provided on the beginners forum by team alphid.



Excuse me if these sound too basic but I need to be sure that my thinking is right on these.

 

1. This indicator needs to be placed on the four hour chart and the weekly chart doesn’t need to be checked because the little indicator at the top confirms if the weekly trend is ^^up^^ or ˇˇdownˇˇ? Right ?

You are correct - the up or down is the weekly trend direction

 

1. What is the green line for? it sometimes turns dashed when I change the timescale

the tip or end of the dashed green line just indicates the point at which the trend wil change from up to down of vice versa. it is the close of the 8th bar back

 

1. The grey lines that set the risk model. What are these based on? What are the moving averages? And how would one use these? Do you just place stops at these points?

these are the fib ratioss of the 55 MA. 89, 144, 233 etc.

 

1. I need to understand why the warning signs are there. What are they based on? Where do they come from? Are they to do with the filter that’s described in the vegas document? If so could someone try to explain this to me a little differently. Im abit stupid and am finding it hard to get my head around it.

the warning is a 50 pip filter - if the price and the 55 ma and the 8th bar clse are within 50 pips the warning applies -

 

1. The vegas document says that you should enter trades when the slope changes in your direction whilest on the wrong side of the 55 sma. The automated system sets off an alarm everytime the slope changes. Is it recommended to trade anytime the slope changes and the indicator says “ OK to trade” ?

yes - the Money management is is one of the threads - if above the 55 ma when the trend changes then only risk 1.5 units - if it is below the 55 MA then trade 3 units. and vice versa in a down trend.

There are several threads discussing the aspects of this. Do a search on aphid or tunnel. there is agreat thread in the journal started by heavyJ
good luck.



Thanks in advance for your help. This board is by far the best place ive ever stumbled upon.



Cheers

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Quoting superman

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Thanks to everyone for helping me understand the indicator. You guys are stars!

I think im slowly getting there but lack in confidence. Still demoing and need to get a grip of my emotions.

Thanks to smjones for reminding me that this isnt a mechanical system. I kind of turned into a robot myself after trying to understand these indicators all last night.

Ive always had troube settings stops. I guess its an ART that il just have to practice.

Thanks again guys.

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Quoting forextrader81

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So is slope change the entry point for initiating a trade? When price hits the slope change then you go short or long depending on if it crossed below it or crossed above it? Or can you put your entires when 8 SMA crosses the slope change?

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Quoting eastmaels

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Wow, great team work guys!
Hi superman, if you do want to learn more about the indicator, I do suggest you check out the first link I gave in my first post to this thread. It's the thread that HeavyJ started and the indicator is thoroughly discussed there.

It is by far the thread that talks about the knife in detail (?) compared to other threads.

Regards,
East

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Quoting smjones

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Hi,

There is no dependency of a cross. You should place a trade when the 8 ma changes from down to up, or up to down. The aphid line just tells you an early warning that when price crosses through the aphid line, the 8 ma will change at the close of that 4 hour bar, provided the price stays crossed through the aphid line. The reason some people will place a trade when the price penetrates and continues 20 - 30 pips beyond the aphid line, is because that would give enough room and be well enough assured that the price is not going to back track away from the aphid line.

The key here is that you are expecting a change in the 8 ma and that the aphid line is any early warning of that change.

This is an old trick that applies to all simple moving averages.
You just take the number in the moving average and count that many bars back and draw a horizontal line from that bar to the present bar and when price reaches that line, the moving averege will change slope in the present.


Scott

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Quoting bonmeister

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Scott, thanks for that. I have read over & over the threads on the Vegas 4hr and tried to interpret the real value/meaning of the aphid line, and as easy of a concept as it is I just could not internalize it in my mind.

Thanks for providing a "dumbing it down" answer that makes sense to me.

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Quoting smjones

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Well, if a dumb answer is needed, I'm just the dumb guy to provide it...

Scott

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Quoting eastmaels

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I don't like it when you say that even though I know you're just kidding..

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Quoting smjones

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Well East,

I deeply regret my propensity for jocularity and will no longer make such specious proclamations of my mental acuity...

Is that better? Scott

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