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Attachments: 1 minute semafor
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1 minute semafor

  • #101
  • May 9, 2011 6:21am May 9, 2011 6:21am
Quoting sami29uk
hello enochben, thanks to your semfor indi, it has helped me trade more comfortabley to say the least, im also using the 123 indi. please note i'm using it on 5min, 15min and 1hr TFs.

i think u can scalp all day with this....

anyway good trading

sam
  • #102
  • May 13, 2011 9:43am May 13, 2011 9:43am
Quoting xxl205
Hi StayFocused,

I am not the starter here, but I am addicted to the semafor in trading for a very long while now. So I can say : I definetly repaints like hell ;-) this is common sense almost.

What makes this technique described here a bit different from the others is the handling of the repaint issue, meaning after a starburst you at first DO NOTHING. This is utterly important. Because if you did, you can very easily get stopped out.

Now here comes in play the WAIT FOR THE 2ND LEVEL DOT and the CANDLE CLOSE after that. It so looks for a lower...
this is not by definition repainting, this indi functions like a zigzag, adjusting with higher highs, and lower lows. it is the function of this indi to change as it does with higher highs, and lower lows. repainting occurs in a different situation than with this indi.
  • #103
  • May 13, 2011 9:55am May 13, 2011 9:55am
enochben,

i know this thread is for 1 min, but the 5 min has given me good results so far. so, i hope it's ok to post results of 5 min. trading from sunburst to sunburst, using your rules, but added ha candles.
Attached Image (click to enlarge)
Click to Enlarge Name: abo.gif Size: 17 KB
  • #104
  • Jun 18, 2012 5:50am Jun 18, 2012 5:50am
It is a pity this thread has ended - settings are best at 13, 21 and 35. They remove some market noise.
Also regarding the repainting side to the indicator, if this is used with digonal traps from the colour of setting 21, then this is a safer way to trade.
The attachment has two illustrations
The first is the Dow using RenkoRange with each candle being 15 points.
The second is EURUSD 1m and both are equally agreeable to the Semafor using the same settings of 13, 21 and 35.
Finally I have attached the MACD signal and MACD indicator and that will help enormously to keep trading safer. The settings for both of these are 8, 13 and 5 but importnat to note that on the EU 1m, the levels shold be set to .0001 and -.0002 as between these levels is the area of danger.
Hope this helps.
Regards
George
Attached File(s)
File Type: pdf Doc31.pdf   58 KB | 1,606 downloads
File Type: ex4 MACD_ColorHist_Alert.ex4   14 KB | 986 downloads
File Type: ex4 macd-dot.ex4   4 KB | 997 downloads
  • #105
  • Jun 18, 2012 6:14am Jun 18, 2012 6:14am
George any chance of a chart with the template loaded.. a few entriers marked on there would be great.

Ta
  • #106
  • Jun 18, 2012 7:33am Jun 18, 2012 7:33am
Here is an example on pdf togetehr with the template with additional indicator combo.
Template is for 1m EU only.
Scalping requires high concentration and thorough understanding of the system but you'll soon find if this suits your 'trading eye'.
Regards
George
Attached File(s)
File Type: ex4 Combo RSI and CCI.ex4   8 KB | 1,166 downloads
File Type: tpl 1m eu.tpl   5 KB | 979 downloads
File Type: pdf MUSTS.pdf   238 KB | 2,015 downloads
  • #107
  • Jul 25, 2012 4:52am Jul 25, 2012 4:52am
Hi Enochben. Am still using Semafor after reading your threads more than a year back. It is a major part of my chart setup and cannot be dispensed with. Only use two itterations, set at 100 and 1000, on the 5-min. chart - much the same as before:

Stormy Day on the GY:
Attached Image (click to enlarge)
Click to Enlarge Name: GY.jpg Size: 151 KB
  • #108
  • Sep 1, 2012 12:57pm Sep 1, 2012 12:57pm
Hi, your system looks really interesting. If the colored dots.. either red or green after the starburst do not repaint.. then this idea could be converted into a very profitable EA.
  • #109
  • Sep 1, 2012 5:29pm Sep 1, 2012 5:29pm
All semafor indicators repaint but if you use them historically as the starting point of a chart trendline/trap, then this will give you more consistent results.
Regards
George
  • #110
  • Sep 2, 2012 7:01pm Sep 2, 2012 7:01pm
Hi, the beginning of a trend line is a great idea to include. Also, I think a higher timeframe is better too which allows the trendline to mature some more. I checked this indicator on the minute 1 time frame and also on the minute 5. The minute 1 seems completely unstable for trading in my opinion. The minute 5 looks to me like the lowest timeframe this indicator will work possibly profitably on. See Attachments.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: m5test-opened-sell-included-stoploss.gif Size: 38 KB
Click to Enlarge Name: m5test-takeprofit.gif Size: 39 KB
  • #111
  • Sep 2, 2012 10:00pm Sep 2, 2012 10:00pm
See Pics...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: m5test-2ndtrade-buy-stoploss-set.gif Size: 40 KB
Click to Enlarge Name: m5test-2ndtrade-buy-takeprofit.gif Size: 40 KB
  • #112
  • Sep 3, 2012 2:59am Sep 3, 2012 2:59am
3 wins in a row so far.. I can't test no more. I'm sleepy. See pic.
Attached Image (click to enlarge)
Click to Enlarge Name: 3winsinarow.gif Size: 49 KB
  • #113
  • Sep 3, 2012 3:20am Sep 3, 2012 3:20am
Quoting tdhowl
3 wins in a row so far.. I can't test no more. I'm sleepy. See pic.
Are you using the system as shown on the post 1 or are you using a different set of rules?

Thanks
  • #114
  • Sep 3, 2012 6:40am Sep 3, 2012 6:40am
The semafor is best amended for 5m TF. I would use Fibonacci 13-34-55 for 5m TF and also 55-89-144 on 1m TF.
These can then be used as trendline traps historically.
Regards
George
  • #115
  • Sep 3, 2012 1:20pm Sep 3, 2012 1:20pm
Hi gtketum, I made some changes. I am using this indicator on the Minute 5 Timeframe, and not on the Minute 1. To enter a trade is about the same as stated in the original thread except the timeframe is different.. So I would enter a trade at the 5 Minute bar of the chart after the close of the previous bar that posted the green or red dot with the Starburst posting before these dots as explained in the original thread. To exit the trade.. I would exit on the 2nd 5 Minute bar on the chart after the counter Starburst posts, instead of immediately as stated in the first thread because this is a heavily repainting indicator, and keeping the position open until the 2nd bar of the Starburst I think would be better to extract the most pips from the trade.
  • #116
  • Sep 3, 2012 3:10pm Sep 3, 2012 3:10pm
This one trade is a loser.. can't win em all... see pics.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: m5test-sell-trade4.gif Size: 36 KB
Click to Enlarge Name: m5test-sell-trade4-close.gif Size: 36 KB
  • #117
  • Sep 4, 2012 8:48am Sep 4, 2012 8:48am
@ tdhowl

What setting are you using for the 5m time frame? Are you still using 13, 34 and 55?

I've been using it on the 1m time frame and it's proved well thus far. One or two losers which is to be expected, but otherwise I think it's a great tool to assist with a few other indicators.
  • #118
  • Sep 4, 2012 12:22pm Sep 4, 2012 12:22pm
I just glanced over this thread and wanted to post an indicator that helps me see the candles where a semafor has been painted. It leaves a dot on each candle semafor initially appeared and then may or may not have "repainted". Used in conjunction with the Semafor indicator, you can see where a "repaint" occurred. It is a tremendous help for back testing.
Attached Image (click to enlarge)
Click to Enlarge Name: semafor and semafortrue2.gif Size: 21 KB
Attached File(s)
File Type: mq4 SemaphorTrue2.mq4   5 KB | 2,358 downloads
  • #119
  • Sep 4, 2012 4:35pm Sep 4, 2012 4:35pm
super backchecker - thanks.
The settings should be 34/55/89 or even higher at 55/89/144 to get more benefit from this great indi - saves a lot of time and judgement.
George
  • #120
  • Sep 4, 2012 5:46pm Sep 4, 2012 5:46pm
I like this
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