Multi time frame price action channel (mtf pac)

Here are the setting I use

ASIDE

I'm on a trade USDCHF taken on M30, based on observed HD, I should open a new account next week for it so that the results of the M30 trades do not distort the M1 trade results.

OBSERVING THE TMA

Test driving the TMA

Short again

BREAKING NEW LOWS

Yeah the TE's showing how much I suck at something very simple -taking every signal.
The way I see it when you take every signal some will result in loss some will result in profit and there's no way to 100% say this is which will be the positive outcome.

Not taking every signal underscores the fact that the trader is not so confident in his system or expects a win with every trade.
So I'm aiming to create a system which I can take it's every signal regardless.

I'm still not satisfied with the Centred TMA's repainting so I'm throwing in the ASC Trend Tape. So far I see it lags the T3 but still it prunes out some of the T3's signal and I'm yet to see it repaint. I will most definitely stick with it if it proves not to repaint except something non repainting and stable comes along.
While writing this I watched a signal materialised and saw the repainting of the ASC Trend, only good thing was that the T3 remained resolutely Bullish so guess they ALL REPAINT!

LOWER LOWS

I have sought and sought after an average non repainting filter in the M1 time frame and the search yielded the traditional MACD and the Linear Regression Slope.
The LRS has out shined the MACD but the Devil is in the exits, and not taking all the entries, for now all the losses on this account should be showing when not to enter but when to exit becomes the bigger question that must be answered before meaningful progress can be made.
You see a signal you place your trade, set your stop and targets, then the market moves in your direction and you are happy until price starts turning bringing you into deficit and you are confident it will turn around in your favour only to have your SL hit.
Next signal comes and you place your trade, SL TP and watch, price goes your way, you are delighted, you quickly move to BE and immediately you are taken out of the trade.
3rd signal and you say "I'm gonna nail Mr Market today" but as soon as price starts to turn against you this time you bail, and laugh Mr Market to scorn only to find price turn in your favour and blow past what your TP had been.
The end is "death by a thousand cuts" unless you can find how to know what the market is offering with this trade, 12 pips or 120 pips?
That is my next quest.

IT ALL COMES TO THIS

Curve Fitting and Multi Time Framing.
You can basically curve-fit any indicator and it seems to me that is more reliable than employing MTF indies, the exasperation and perplexity of depending on them has led me back to Curve-fitting.
I think primal MTF approach is using 2 or 3 monitors or separate charts to observe what price and your indicators are doing, and that is what I've come to adopt.
I've curve fitted my indies on the M1 and M15 charts but will observe the market with 2 monitors.
This approach helped me stay in the GBPJPY short I took which I would have bailed at the slightest hint of reversal but the M15 view kept me in the trade.

LAG OH LAG

ONE indisputable fact about indicators is they lag, but until that omnibus indicator that will capture every move comes around, I will stick with what I have no matter what.

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Googled linear regression slope for MT4, found a couple of indicators (mostly regression lines), none looks like a historgram (in your charts)....

Okay here you go.

Thanks!

THE JOURNEY THUS FAR

It began as MTF PAC and I found several repainting filters, until I tried out the Linear Regression Slope (LRS).
The Bollinger band (BB) has taken the place of the PAC and it's such a great filter, and the Stochastic is still holding it's place.
Now I have shifted away from MTF indicators (at least until I can find one that does not re-draw more than I can tolerate, though I doubt I will still bother); the focus is now on Multiple charts or screens to monitor different time frames plainly.

Using this approach (in hindsight) and with just one trade I see that a trade could be triggered in M1 nursed and monitored in M15 and harvested in H1.
So lets x-ray what this evolution comes to, I think this ought to rock my trading world. (missed my entry today on GBPJPY after the EUR and GBP news releases was on Facebook a while and when I came back to my charts my entry was past)

INDICATORS TIME FRAME/SETTINGS
POSITION M1 M5 M15 M30 H1 H4
BANDS Main Chart 120/2/0.5 24/2/0.5 8/2/0.5 4/2/0.5 4/2/0.5 4/2/0.5
LINEAR REGRESSION SLOPE Window 1 5/120 5/24 5/8 5/4 5/4 5/4
Linear Weighted MA Window 1 30 6 2 2 2 2
STOCHASTIC Window 2 21,3,3 21,3,3 14,3,5 8,3,5 8,3,5 8,3,5


This should represent the template

How are you using it as a filter - price above median line for long, below median line for short?
Thanks

I actually use the Bands indicator the median line colour is set to none the upper band colour is Dodger Blue and the lower band colour is Red

HOW IT WENT UP ON FRIDAY

I tried to avoid the EUR and GBP news releases on Friday and wanted to wait till the market found direction but missed my entry, like I missed this mornings entry cos of connectivity issues.
You can see how the higher time frames helps to keep one in the trade, that was a 130 pips move that was missed and I only need a minimum of 30 per day.

today's opportunity missed

NICE ATTEMPT

I just could not keep my mind on my job so I scalped a little, it could have gone the other way though but cherry picking trades will not reflect the true performance potentials of the trading model/system

TOO MUCH LEFT ON THE TABLE

The HTF view is so inviting, I'm tempted to ditch M1

Remember H1 is used to monitor M15