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My Market Order System

  • #321
  • Feb 15, 2014 5:44am Feb 15, 2014 5:44am
This is the new dashboard I wont upload it here as a new one is being posted Monday with clearer text at the top

 

  1. 1st block tells us if ball on top or bottom if red block its on the top for a short if green block on bottom for long
  2. 2nd block is NLD colour if trending up then green block if trending down then red block
  3. 3rd for me but others may be guided by it.. if this block is green block then price under NLD if red block then price above NLD

So if you get 3 green blocks in a row we have ball on bottom NLD is uptrending and price has pulled back beyond NLD


if you get 3 red blocks in a row we have ball on top NLD is downtrending and price has pulled back beyond NLD

You have a pop up alert and sound mine is set to 5min only alerts with no sound so only 5min signals pop up for me

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  • #322
  • Feb 16, 2014 12:16am Feb 16, 2014 12:16am
any views on gbpusd and silver on this system?
  • #323
  • Feb 16, 2014 9:57am Feb 16, 2014 9:57am
Quoting Paulus
This is the new dashboard I wont upload it here as a new one is being posted Monday with clearer text at the top 1st block tells us if ball on top or bottom if red block its on the top for a short if green block on bottom for long 2nd block is NLD colour if trending up then green block if trending down then red block 3rd for me but others may be guided by it.. if this block is green block then price under NLD if red block then price above NLD So if you get 3 green blocks in a row we have ball on bottom NLD is uptrending and price has pulled back...
Is it possible to create a program that will show historically for a specific pair, non-dashboard, where signals would have occurred, with up and down arrows, to more easily be able to backcheck the accuracy of the signals? The non-lag dots will only show back a few days.

Would you recommend a trailing stop of some type? I'm thinking once price reaches a round number or pivot, move to b/e.

Thank you - it looks very good from the limited time I've been able to look back in time.
  • #324
  • Feb 16, 2014 10:59am Feb 16, 2014 10:59am
Quoting paws
{quote} Is it possible to create a program that will show historically for a specific pair, non-dashboard, where signals would have occurred, with up and down arrows, to more easily be able to backcheck the accuracy of the signals? The non-lag dots will only show back a few days. Would you recommend a trailing stop of some type? I'm thinking once price reaches a round number or pivot, move to b/e. Thank you - it looks very good from the limited time I've been able to look back in time.
Is it possible to create a program that will show historically for a specific pair, non-dashboard, where signals would have occurred, with up and down arrows, to more easily be able to backcheck the accuracy of the signals? I did have this option on another dashboard I had created by the same guy this would write to a text file that you could then download and look at,but I realised an EA was quicker and more accurate.Also the dashboard at the moment only gets you into the area of a signal not an actual trigger this is done withfibonacci that will be built into the dashboard.This is only my method of entry Bob and the original follows enter on Semaphor only

The non-lag dots will only show back a few days In parameters you can set NLD to go back as many bars as you

Would you recommend a trailing stop of some type? I perosnally do not I need to know Im risking 5% to gain 15% or 10% for example and the EA needs a none fixed SL to calculate the initial risk.Ive never looked to deeply at sliding stops I think you have to be very careful that you dont get your trade taken out prematurely.The only sliding stops Iv seen that works well is a Joe Ross invention of following the trade 3 days behind Trend magic which is a useful indicator.
And using stochastic

I'm thinking once price reaches a round number or pivot, move to b/e. Why not we all adapt to how we feel comfortable I personaly dont hold must stock in pivots there great for a trigger but Iv seen many a signal not taken under a pivot go on a make 15%



Cheers
P
  • #325
  • Feb 16, 2014 11:11am Feb 16, 2014 11:11am
As far as im aware there is no sliding stop that could cater for the large pull back in the middle of the trade on this is axample posted Friday.Any movement of the initial SL would of busted you out before the TP was hit
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  • #326
  • Edited 12:30pm Feb 16, 2014 11:57am | Edited 12:30pm
Quoting Paulus
As far as im aware there is no sliding stop that could cater for the large pull back in the middle of the trade on this is axample posted Friday.Any movement of the initial SL would of busted you out before the TP was hit {image}
Hey Paulus

Here is food of thoughts about 5m. (don't take this one too seriously --- I cooked up this system in 3 minutes)

Set-up
EMA200 with envelops +/- 5 pips. You try to get the bounce at EMA200 +/- 5 pips.
Entry: When (1) the price crosses or touches the envelop, (2) you see a red dot or a Ball3, and (3) EMA200 slants toward the bouncing direction (yes, it must be trending).
You enter at the bar close! (the bar with the dot/ball) -- meaning, you don't wait for the next bar close.
SL=10 (not sure.... can be 20).
TP=a red dot or a Ball3 higher up/lower down.

Do you think you can make an EA?? it can be pretty good if using it for trending markets. Oh, BTW, the pair must be with tight spreads -- less than 1.5.
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  • #327
  • Feb 16, 2014 12:37pm Feb 16, 2014 12:37pm
Quoting Forexgogo
{quote} Hey Paulus Here is food of thoughts about 5m. Do you think you can make an EA?? it can be pretty good if using it for trending markets. {image}

It looks good Ive wizzed back a couple weeks ..the envelopes like the 48ema that was posted earlier are all an attempt to pick a trading zone via a pull back and to eliminate allot of the false signals generated by the semaphor indy

To exit on the next opposite dot may well restrict your profits though I think in low volatility periods they can appear very quickly in the opposite direction
Perhaps you can do a manual back test of 1month apart 3 times TP ro risk and 2 times tp to risk

System with 1;1 RR can work very well but even with a strike rate of 80% technically yu could have the 1st 20 signals all losers so you need to build MM around that figure risking 1% per trade would work even 5% would hold it you also need to look at viability it has to make money get 10 losers in a row to begin with and you then need 10 winners just to get back to break even if using 1;1 risk reward ...on daily charts that may well take a month or so

With 2;1 the statistics are just so much better

As for the EA.. I cant code I use a professional coder and it cost me money the dashboard has gone back and forth several times and an EA will follow

Id suggest do a very accurate back test of 1month over several swaps using a set risk SL say and a set TP based on the risk...start with 2;1 if using on 5min Id also suggest using only UK market open to UK market close times volatilty will be greater

If it proves viable I can put it to him
P
  • #328
  • Feb 16, 2014 1:50pm Feb 16, 2014 1:50pm
Quoting Paulus
{quote}the envelopes like the 48ema that was posted earlier are all an attempt to pick a trading zone via a pull back and to eliminate allot of the false signals

To exit on the next opposite dot may well restrict your profits.... With 2;1 the statistics are just so much better
Thank you very much for your response! I agree with the above. 5m may be a bit to short to trade with this indy... 15m looks much better.

Actually I'm really into 15m with EMA48, 200 and this indy right now. I see a great potential. 15m is easy to monitor and easy to avoid turbulences before and after news hours.

As for EAs, it gets a little tricky because you need to identify trends accurately. Also, the volatility has a lot to do with this indy, so, manual trading might be better.

  • #329
  • Feb 17, 2014 3:12am Feb 17, 2014 3:12am
Quoting Paulus
{quote} The non-lag dots will only show back a few days In parameters you can set NLD to go back as many bars as you ....
Paul

Even when I input 100,000 for the number of bars on NLD, it only shows dots back to Feb. 5 - that input doesn't seem to affect what it will show historically for me.

Thanks,
Len
Attached Image (click to enlarge)
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  • #330
  • Feb 17, 2014 11:52am Feb 17, 2014 11:52am
yes agree just tried its the same here ..not allot we can do about that I think

P
  • #331
  • Feb 17, 2014 11:53am Feb 17, 2014 11:53am
Here is the new dash board

Make sure NLD set to 144

 

  1. 1st block tells us if ball on top or bottom if red block its on the top for a short if green block on bottom for long
  2. 2nd block is NLD colour if trending up then green block if trending down then red block
  3. 3rd for me but others may be guided by it.. if this block is green block then price under NLD if red block then price above NLD its called Pullb

Attached File(s)
File Type: ex4 Balls_Dashboard.ex4   75 KB | 489 downloads
File Type: mq4 Balls_Dashboard.mq4   17 KB | 513 downloads
  • #332
  • Feb 18, 2014 2:21am Feb 18, 2014 2:21am
hi paulus, thnks for your great thread, but please help me what do you mean with NLD perhaps i have not read or understand, because englisch is not my home language
  • #333
  • Feb 18, 2014 2:59am Feb 18, 2014 2:59am
Quoting frani60
hi paulus, thnks for your great thread, but please help me what do you mean with NLD perhaps i have not read or understand, because englisch is not my home language
nonlag dots - see posts 190 and 191 for instance
  • #334
  • Feb 18, 2014 3:40am Feb 18, 2014 3:40am
hi all been back a week or so this is from 11 /2 no losses .only trading a few pairs , on daily, this system is magnificent.
regards Orid pete
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  • #335
  • Feb 18, 2014 4:56am Feb 18, 2014 4:56am
  • #336
  • Feb 19, 2014 1:13am Feb 19, 2014 1:13am
dont normally look at this time period but is a valid setup...I ike 8am to 5pm Uk time really hence the 5min
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  • #337
  • Feb 19, 2014 4:36am Feb 19, 2014 4:36am
Hi Guys,
just touching base with everyone. I've been moving house the last few weeks that's why I haven't been online.
I'm back into trading again with my system, hope your all getting lots of pips, will catch up again later in the week.
Cheers !
Bob
  • #338
  • Feb 19, 2014 4:51am Feb 19, 2014 4:51am
Hi Bob

Good to hear from you.

Here are a couple of my current trades.
Attached Image(s) (click to enlarge)
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What you do is a reflection of you....what I do is a reflection of me.
  • #339
  • Feb 19, 2014 5:20am Feb 19, 2014 5:20am
Quoting Paulus
dont normally look at this time period but is a valid setup...I ike 8am to 5pm Uk time really hence the 5min {image}
Very good time frame however for me I do get a lot of repaints. Daily is good but h4 gives me a lot of pippage and better entries, on the other hand it doesn't repaint as much. Thinking of getting nld Indy. How's your progress with it?
Edit: or semaphore Indy non lag. Can't remember
  • #340
  • Feb 19, 2014 5:47am Feb 19, 2014 5:47am
Quoting orid
hi all been back a week or so this is from 11 /2 no losses .only trading a few pairs , on daily, this system is magnificent. regards Orid pete{image}

Very well done Orid.

I would be interested in the results of all those trading the original rules on Daily, or H4
(like many here I suppose, I cannot look at charts during the best market hours).

Just for my better understanding:

* did you set a pending order long about 10 pips above the upper side of the yellow ball or opened manually when price was there ?
* are your results based on exiting as per rules (when the opposite ball appears) ?


Thank you.
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