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  • #3,121
  • Apr 24, 2013 2:28pm Apr 24, 2013 2:28pm
Quoting handy148
Favorite - I'm certainly no coder but if you're not in favour of MTF Babon what about the following :- If 10 is the parameter for M1 then presumably we could change that to 150 for use on an M15 chart. Does that make sense to you?
No, it doesn't work this way. Babon Slope is a little more complicated than the usual MA. When I traded M15 EurJpy and GbpJpy using Babon Slope the settings were 17, and I don't remember exactly the settings for the other pairs, all I remember is that I had several different settings, from 17 to 24. But it was several years ago, if we want to use it now we have to test it again.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,122
  • Apr 24, 2013 2:43pm Apr 24, 2013 2:43pm
I didn't think it would be that easy
  • #3,123
  • Apr 24, 2013 2:44pm Apr 24, 2013 2:44pm
Quoting Favorite
{quote} No, it doesn't work this way. Babon Slope is a little more complicated than the usual MA. When I traded M15 EurJpy and GbpJpy using Babon Slope the settings were 17, and I don't remember exactly the settings for the other pairs, all I remember is that I had several different settings, from 17 to 24. But it was several years ago, if we want to use it now we have to test it again.
I tried Babon slope on M15 with the same settings than M1 and it works perfectly
My name is Martin... Martin Gale
  • #3,124
  • Apr 24, 2013 2:52pm Apr 24, 2013 2:52pm
Favorite, if you're still looking for a good idea for "TMA beyond cloud", i think i've discovered something interesting, simply colorize the cloud(green for up and red for down) and only trade this pattern on correct color.
I didn't traded it for the moment but i think this could be interesting after i took a look at charts.
My name is Martin... Martin Gale
  • #3,125
  • Apr 24, 2013 2:56pm Apr 24, 2013 2:56pm
Quoting condor666
I tried Babon slope on M15 with the same settings than M1 and it works perfectly
Condor, I'm glad if it works for you, but I still think that 10 on M15 gives way too many false signals. For example look at the area I marked and compare 10 (red/blue) and 17 (white/black). And you can see the same all over the place. I'm not telling that 10 is bad and 17 is good, I'm saying that people who want to trade M15 have to compare different settings and choose the best ones, and they have to do it themselves because I'm not interested in trading anything higher than M1.
Attached Image (click to enlarge)
Click to Enlarge Name: m1-eurjpy.gif Size: 190 KB
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,126
  • Apr 24, 2013 2:57pm Apr 24, 2013 2:57pm
Quoting condor666
Favorite, if you're still looking for a good idea for "TMA beyond cloud", i think i've discovered something interesting, simply colorize the cloud(green for up and red for down) and only trade this pattern on correct color. I didn't traded it for the moment but i think this could be interesting after i took a look at charts.
Condor, it is really a very cool idea, I'll certainly try it, thank you!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,127
  • Apr 24, 2013 3:04pm Apr 24, 2013 3:04pm
Quoting Favorite
{quote} Condor, it is really a very cool idea, I'll certainly try it, thank you!
hhhmmm a "Rainbow Cloud"........genius!
  • #3,128
  • Apr 24, 2013 3:09pm Apr 24, 2013 3:09pm
Quoting Favorite
{quote} Condor, i'm glad if it works for you, but I still think that 10 on M15 gives way too many false signals. For example look at the area I marked and compare 10 (red/blue) and 17 (white/black). And you can see the same all over the place. I'm not telling that 10 is bad and 17 is good, I'm saying that people who want to trade M15 have to compare different settings and choose the best ones, and they have to do it themselves because I'm not interested in trading anything higher than M1. {image}
Yes i see what you mean, with 10 we have more false signals and with 17 we have (too) late entries, that was the problem i had with another indi a few years ago (bbands_stop if somebody is interested). For those who wants to trade M15, they must make a choice early entries and risk of false signal or late entries and risk of too late entry.
With early entries i made approx. 500 +pips per day with 70% success ratio (i traded 9 pairs at same time and had many stress).
My name is Martin... Martin Gale
  • #3,129
  • Apr 24, 2013 3:10pm Apr 24, 2013 3:10pm
Quoting 4xplosion
hhhmmm a "Rainbow Cloud"........genius!
Just going back to the original settings. But I already looked at the history - not that good. So I still need some interesting ideas!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,130
  • Apr 24, 2013 3:16pm Apr 24, 2013 3:16pm
Quoting condor666
Yes i see what you mean, with 10 we have more false signals and with 17 we have (too) late entries, that was the problem i had with another indi a few years ago (bbands_stop if somebody is interested). For those who wants to trade M15, they must make a choice early entries and risk of false signal or late entries and risk of too late entry. With early entries i made approx. 500 +pips per day with 70% success ratio (i traded 9 pairs at same time and had many stress).
Yes, it is a very good point, so anybody who wants to adjust Babon to M15 trading has to make his own choice!

When I was trading M15 several years ago I didn't have any system per se, I just had M15 Babon Slope (17) and I was trading in the H1 direction, but I was doing pretty good. So for me safety was more important than early entry. But it is a personal preference.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,131
  • Apr 24, 2013 3:24pm Apr 24, 2013 3:24pm
Quoting bfree
{quote} Dont worry you are not alone ! me to...sometime!! Have you try to build position ? Or on mistake (we are still human) to try to recover witt loss order management? some example here but just PA & CCI: {image}{image} the chart position here: {image} ...just a ideaa... EDIT:- Pardon me for offtopic (was a answer for clivepackham )
Hi Bfree

Sorry to respond so late been working and didn't spot your reply till now.

I'm sorry but I don't understand what you are advising me to do? What does loss order management actually mean??

How come you have about 20 sells at 10.38 of 0.01 lots then close all 20 at exactly the same time at 11.51?? Why not take one sell order of 0.2 lots and just close it at 11.51????

I can see its triggered by your cci signal but not sure how you are doing it or why??? Sorry to be a bit dim but you've lost me????

And again "the falling knife" bit also confuses me again why not take just one entry instead of so many at same time entry and exit, surely easier to take one larger entry????

Would really appreciate if you could explain further what you are actually doing?

Thanks for your response and your cci indy looks cool.
Feel the Fear and do it anyway!!!
  • #3,132
  • Apr 24, 2013 3:24pm Apr 24, 2013 3:24pm
Quoting condor666
Favorite, if you're still looking for a good idea for "TMA beyond cloud", i think i've discovered something interesting, simply colorize the cloud(green for up and red for down) and only trade this pattern on correct color. I didn't traded it for the moment but i think this could be interesting after i took a look at charts.

You are then trying to safe the trade with another indicator, your better off looking more at when liquidity is at its highest and put on way fewer trades that have the right momentum...


only me 2 cents...
  • #3,133
  • Apr 24, 2013 3:41pm Apr 24, 2013 3:41pm
Quoting Larseg
{quote} You are then trying to safe the trade with another indicator, your better off looking more at when liquidity is at its highest and put on way fewer trades that have the right momentum... only me 2 cents...
I know that, the ever best tool is Volume but on MT4 we'll never get the right information

Quoting Favorite
{quote} Just going back to the original settings. But I already looked at the history - not that good. So I still need some interesting ideas!
I've another idea which worked fine, try to add ADX with 50 as period.
My name is Martin... Martin Gale
  • #3,134
  • Apr 24, 2013 3:55pm Apr 24, 2013 3:55pm
Quoting condor666
I've another idea which worked fine, try to add ADX with 50 as period.
Thank you, Condor, I'll test it!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,135
  • Apr 24, 2013 4:02pm Apr 24, 2013 4:02pm
Quoting condor666
{quote} I know that, the ever best tool is Volume but on MT4 we'll never get the right information {quote} I've another idea which worked fine, try to add ADX with 50 as period.

Knowing that there is news will give you volume and knowing the crossover times for europe/US and so forth will give you a very good idea that volume will kick in. Volume in itself is useless unless you know who bought and how much...
  • #3,136
  • Apr 24, 2013 4:49pm Apr 24, 2013 4:49pm
Quoting Larseg
{quote} Knowing that there is news will give you volume and knowing the crossover times for europe/US and so forth will give you a very good idea that volume will kick in. Volume in itself is useless unless you know who bought and how much...
Yes, that's exactly what i wanted to say.
My name is Martin... Martin Gale
  • #3,137
  • Apr 24, 2013 5:01pm Apr 24, 2013 5:01pm
Or put another way as there is no centralised exchange for spot forex, volume is somewhat irrelevant. You could of course trade futures then you will have depth of market, level 2 etc.
  • #3,138
  • Apr 24, 2013 5:10pm Apr 24, 2013 5:10pm
Favorite,

I have enjoyed reading your thread - I especially like your use of so called "repainting" indicators. I have always felt that the market is too fluid to rely too much on static indicators, so it makes much more sense to use indicators that constantly adjust to changing conditions.

Not to derail from the thread much, but watching your posted trades, I was wondering if you start seeing the trades without even using your indicators? I have found that after using certain tools for so long, I become adjusted to the underlying patterns subconsciously and recognize them before indicators adjust.

I only ask because you have an obvious "feel" for your method and the markets you are trading - again, enjoying reading and watching, and continued success to you.
  • #3,139
  • Apr 24, 2013 5:32pm Apr 24, 2013 5:32pm
Quoting ImminentEdge
Favorite, I have enjoyed reading your thread - I especially like your use of so called "repainting" indicators. I have always felt that the market is too fluid to rely too much on static indicators, so it makes much more sense to use indicators that constantly adjust to changing conditions. Not to derail from the thread much, but watching your posted trades, I was wondering if you start seeing the trades without even using your indicators? I have found that after using certain tools for so long, I become adjusted to the underlying patterns subconsciously...
Hi ImminentEdge!

I'm glad that you like DNA's thread. As to your question: I can enter the trades using pure chart almost as good as using my system, but this "almost" means a lot, and since my system has winning rate significantly higher than me trading without the indicators, of course I use the system. And then there are exits - as good as I am I would never exit without checking my TMAs, because they are the best exit tool ever IMHO.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,140
  • Apr 24, 2013 5:43pm Apr 24, 2013 5:43pm
Mike,

Here is what I use to decide if we are going to have a decent setup for TMA 1 Beyond Ichimoku cloud.

I use a Stochastic Oscillator, provided by most platforms, set at 9,5,5 low/high linear weighted. I also use another indicator which I drop onto the Stochastic Oscillator box known as 9squaredSS with settings 5,9,3,5,3,0.

In the picture, the two red lines is when I enter.

Dan
Attached Image (click to enlarge)
Click to Enlarge Name: tma1beyondichimokucloud.png Size: 63 KB
Attached File(s)
File Type: ex4 9Squared SS.ex4   8 KB | 644 downloads
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