Multi time frame price action channel (mtf pac)

BULLS WON

Recovered my losses and waiting for the news release.

RANGE RANGE GO AWAY

The news seemed not to affect the market, now we are ranging.
Guess FOMC will shake things up a bit.

CURE FOR RANGE?

We can't be able to predict when a range is gonna start and when it's gonna end but we can stake our bets based on our parameters.

I'm trying to tweak the system and prune out some signals because I'm sure not taking ALL so better limit the number of signals the system produces, to this end I've raised the Time frame of the Filter up one notch and lowered it's sensitivity a bit.
Then I found the Retracement Finder so the HA Oscillator can be discarded.
Now just to observe the repainting profile of the M30 CCI Histo.

My aim is to come to a point where I can take ALL my signals no matter what, and for a MTF approach I think only forward testing gives the best confidence boost.

TO STRIP OR NOT TO STRIP?

Going thru the charts I see that the new HTF settings of the CCI invalidates the need for the MA Channel/Band, still observing.

EXASPERATED

I have watched the MTF CCI Histo flip flop (repaint signals) and I'm so over with the MTF repainting. I can't take it no more.

I need a system that I can take all the signals and be content with the inevitable losses.
I don't think I have to stand with the repainting adding it's own share of losses, so I'm gonna adjust this system once more, doing away with the MTF aspect of the CCI Histo and observe how much better the signals become.

Adopting 120 LWMA Typical Price Shift 2 Levels 20,-20:
M1 CCI Histo 200period

Now both the channel and the filter must agree befor taking a trade and there's no fear of MTF repainting.

This will definitely leave some good pips on the table but it prunes your signals and eliminates some fakeys, so I look forward to firing away at the market.

LOOKING GOOD

I see that even an acceptable loss comes a chance to take the opposite direction and recover.

FOMC FOIBLES

I should have watched out for GBPUSD would have recovered my losses from that pair.

BETTER FOCUS

I'm throwing out the retracement finder, so I can better and faster spot Divergence.

The equity curve is zigzag now but let's see what lies ahead this week.

FRESH DAY
Battle ready or battle weary? my actions or inactions will tell.
Imagine I second guessed a buy signal before the 2 sells that I've taken, my new outlook is not to care if I'm right or wrong eventually just to take every signal
Meanwhile I want to be paying close attention to Divergence both Regular and Hidden.

It actually is One Buy before the HD.
I was being ambitious with the sell aiming for BRN instead of exiting at at Asian Session Low

3 TRADES

1st Buy no hesitation out at BE plus Cap protection
2nd Buy Impulse greed SL too tight hit
3rd Buy HD out before TP.

Digging myself out?

Let's wait for the news release

IF IT AINT BROKE......

As it is now this system's not broken so it's just the psychology that needs fixing.
Why impulse trade, then why the too early BE and why jettison the trade before the target?

THE STORY OF REPAINT

I found that the CCI Histo in M1 still repaints a bit but far less than when in MTF mode, so I tried to use the CCI supplied by MQL but I didn't like the results and I guess I just have nowhere else to run.

So that made me loose concentration a bit before the GBP news release, which I took a little from.

LIMITATIONS AND BRIDGES

There are times when volume is low and the Channel seems like an Ocean and you want to wait for the ocean to be crossed before validating a signal, (Low ADR pairs). The bridge I've found for this is the T3 Adaptive MA_i-Centred Average.

This way I simply wait for the filter to change colour and the T3 to follow suit.

So far the T3 doesn't seem to repaint

MAKING SENSE

This experiment is getting more and more interesting.
With the T3, you can see areas to add on from retracements/pull-backs to the T3.
Most times a T3 arrow will precede the Filter colour change.
The screenshot shows entries made with the MA bands compared with the T3 indicator.

Intrepid, just stumbled upon your thread. A work in progress. Keep woring on it, you are moving ahead.

Can you post the T3 MA indi please?

Thanks.

Here you go.

WORK IN PROGRES

I still am not satisfied with the CCI's signals (after a loss which a wider SL would have prevented) so I decided to try the Centred TMA Histo, which I had tried using before but the MTF repainting was just not tolorable compared with the CCI's.
Considering that I am now using the CCI without MTF and it still gives a wee bit of repainting, I decided to throw in the Centred TMA on current time frame to observe if it would do either or both of two things: 1, give faster signals; 2, not repaint like it does in the MTF mode.

So near I like what I'm seeing, no repainting yet and faster signals and pruning of fakeys.
We might have what we need in this one I'd be watching closely.