Multi time frame price action channel (mtf pac)

Wow -70 pips

Additional filter required, any suggestions?

RECOVERING

Now -48 pips, should have recovered all but that is left to psychological depth.

Observing a new filter, please guys any ideas which would really fit?

REAL TIME OBSERVATION

I had to be away from my office so I came back to see I'd missed a sweet rally.
I really want to observe the filter in real time as so many MTF indies repaint the past some rather annoyingly.
It seems stable enough from the little I've seen.
Still I need as many other filters that might just do the job better not just on paper but in REAL TIME

I opened another Demo this time with Excel Markets and their spread is much thinner than Pepperstone's
Took a trade at about same time as the Pepper Demo +48 pips, my observations are on the screenshot attached

MORE OBSERVATIONS

1st screenshot is the Excel Market Demo

MULTIPLE TRIGGERS

There are many things that can signal you long or short, but my favourite is Hidden Divergence

MORE HD

I saw a video from Dean Malone and he was talking in essence of how to "curve-fit" the Average Price of a Higher Time Frame (HTF) into a lower time frame (LTF) and the Average Price is 2MA.
Now I'm adding the 2MA of the M15 (30LWMA) which is our HTF to see the advantage it brings and I'm also still observing the repainting profile of the Filter.

Here's the video and it's what I call CLARITYhttp://www.compassfx.com/video/ip/22714/22714.html

NEW TRADE EXPLORER

I had to delete the Pepperstone TE and link that of Excel Markets since I intend to open an ECN account with them soon because their Spreads are thinner than Pepperstone's.

I am settling for the CCI-histo_mtf+alerts nmc as filter.
It's been pretty consistent and I'm impressed with the default settings (the Prince of tweak couldn't tweak this).

Back to the basics I decided to use the H1 as the control TF for the PAC and use the 5LWMA (thanks to the Dean Malone videos)
The updated Template and the filter will be posted on Post #1
Screenshot of today's trade.

Oh and thanks for not confusing me with a deluge of possible filters

FUNNY

It's really very funny when the market drops 90 pips and all you catch is a paltry 18 pips, but to be fair to the market, there's such unconditional love for all comers that you just have to be on the right side of the market, so just recognise your high probability set-ups and make good use of leverage.
If your SL get's hit, be sure to take the next valid signal and don't let the pain get to you.

3 trades
3 pips (had to leave the office)
6 pips
12 pips
My original TP on the 6 pips trade was 20 pips, I just have to learn to move to BE and be content with either BE or TP and not intervene since I always allow my SL to be hit if I have not moved to BE.
3rd trades TP was previous support, which held but was shoved away eventually by the market.

THE MARKET IS VERY GENEROUS

NEW MANTRA

FEEL NO PAIN, SHOW NO MERCY, TAKE EVERY VALID SIGNAL

I've got to leave the office, I don't know what the outcome of my present trade will be, will see when I get back.

ONE SIMPLE REQUIREMENT

Fight on, keep taking every valid signal.

I would have taken another short position cos I was still in the office when my capital protection was hit, I lost internet connection (office ISP) and since I was going out I did not turn on my broadband modem. I would have taken the next shorting opportunity.
My TP was informed by the H4 view and would have been met.

VACILLATING

I have been flip flopping on which PAC channel settings to stick to and I must say it's not an easy decision as each particular combination of settings will produce varying results the only thing common is that losses will still occur.

I've used 14LWMA, 5LWMA, & 2LWMA of different higher time frames but I want to stick with 14LWMA of H1
This is what I call "Line in the sand trading" Sell when price closes below the lower PAC and Buy when price closes above the upper PAC
This almost renders the MTF CCI Histo superfluous, so right now it's under probation.

SO FAR SO GOOD

This experiment is proving to be quite an experience.
I changed my template last week Friday and I liked what I got and further modified it yesterday and was tweaking it this morning that I missed a sweet drop, oh well it's just a demo account cant cry over paper " spilled milk".

My little worry still is with the Multi-time-Frame filter. I have decided that I'd go with a curve fitted MA than with a MTF MA, so I could curve fit a HTF value into a LTF chart and I prefer the obtainable effects.

With Oscillators that have to appear on a separate window, there's very little help curve fitting can give you have to go the MTF way for those.
I've found the 6 period CCI to be most responsive and costly (ouch) so working with it your SL has to be dynamic.

The Heiken Ashi is great for visually outlining retracements and trend continuation on the micro level.

So this system has evolved and I won't stop till I attain consistency in profit retention.

So many misses today that I almost hesitated when this signal came right in front of my eyes.
I must say I'm not doing justice to the Trade Explorer more so since this is a demo account, that equity curve should be sky high by now had I been taking all my Valid signals and taking advantage of re-entry opportunities.

That move was worth 40 pips but I took less than half.
My CPU's clock keeps freezing thereby not allowing the P4L clock to delay.

Thank you

My pleasure Greenland.
Remember it's still an experiment, and I'm Demo trading it for now, feel free to post your charts and observations.

REALLY CONFUSED

Someone once said taking every signal your system produces leads to sub-optimal results.
I've had 2 SL hit already and I don't know which direction the market wants to go, How many pips can I bleed before the market acquires direction?
Will keep taking my signals though, will wait till after the news release.