3_level_zz_semafornrp Alert Indicator Live Account Test | Forex Factory

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3_level_zz_semafornrp Alert Indicator Live Account Test

  • #1
  • First Post: Aug 2, 2014 1:33pm Aug 2, 2014 1:33pm
Greetings, as I am unemployed now and have nothing but time on my hands to sit in front of my computer all day and night and can now monitor trades.. I decided to test the 3_Level_ZZ_SemaforNRP Alert Indicator that was posted on this website awhile back. Please be aware, this is only a live test. I do not know the outcome of the trades, but I will post the results of each trade consecutively as they come in. Constructive comments are welcome only. The decision to place and close a trade is as follows: When this indicator is in agreement at the same time on the 4 Hour timeframe, and on the 15 Minute timeframe.. I will enter a trade. when this condition does not exist anymore.. I will close the trade in hopes of it being profitable. I'm posting the starting screenshot now, along with the indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: NRP-Semafor-Live-Ind.TestStart.png Size: 130 KB
Attached File(s)
File Type: ex4 3_Level_ZZ_SemaforNRP Alert.ex4   11 KB | 1,193 downloads
  • #2
  • Aug 2, 2014 2:31pm Aug 2, 2014 2:31pm
Hi !

So you may find a very similar strategy here in FF.com ! The same H4 + M15 are in use - in connection with the semafor indi.

Sriloba put a pretty good approach similar to yours here into the "The Hurt Locker System" thread:
http://www.forexfabrik.de/topic/4717...gtrading-h4d1/ (Look for post #251 !)

His strategy seems to me smarter then yours, bcz the application of the semafor alone isn't reliable enough due to the obvious repainting of that indi !

Although - who knows ? May your more simple approach is able to give good wins ? So - show your results and compare them with sriloba's results ?!
  • #3
  • Aug 3, 2014 12:54am Aug 3, 2014 12:54am
Quoting DerBerliner
Hi ! So you may find a very similar strategy here in FF.com ! The same H4 + M15 are in use - in connection with the semafor indi. Sriloba put a pretty good approach similar to yours here into the "The Hurt Locker System" thread: http://www.forexfabrik.de/topic/4717...gtrading-h4d1/ (Look for post #251 !) His strategy seems to me smarter then yours, bcz the application of the semafor alone isn't reliable enough due to the obvious repainting of that indi ! Although - who knows ? May your more simple approach is able to give good...
Hey Derberliner, they are using two different types of semafor for trading and this one here is a nonrepainting version of it
  • #4
  • Aug 3, 2014 3:00am Aug 3, 2014 3:00am
Subscribed.... I want to see if your semafor really does not repaint. What are the settings for both time frames? Default indi settings?
  • #5
  • Aug 3, 2014 5:42am Aug 3, 2014 5:42am
Quoting Patmontes
Subscribed.... I want to see if your semafor really does not repaint. What are the settings for both time frames? Default indi settings?
How can semafor not repaint? Semafor is nothing more than visual aid for seeing highs and lows. As soon as price breaks previous high/low, Semafor changes place. It is obvious.
  • #6
  • Aug 3, 2014 6:16am Aug 3, 2014 6:16am
@Indrek ! Yep ! That's the point ! I'm in doubt about this approach too ... anyway let's what the TO will report and post here further ....
  • #7
  • Aug 3, 2014 7:27am Aug 3, 2014 7:27am
Quoting Indrek
{quote} How can semafor not repaint? Semafor is nothing more than visual aid for seeing highs and lows. As soon as price breaks previous high/low, Semafor changes place. It is obvious.
It just shows it's history. It leaves a dot at every high it appeared.
  • #8
  • Aug 3, 2014 8:41am Aug 3, 2014 8:41am
I love the Semafor but Damm!!!, it is the Chief Repainting indicator. No matter whether u have d settings for the non repainting version ( which doesn't Exist) it will always repaint, I do advice complementing it with another indi. I don't mean to sound Negative but that's just the truth, but I will be keeping an eye on your thread. Good luck with ur Thread, I hope we can learn more from ourselves
  • #9
  • Aug 3, 2014 8:44am Aug 3, 2014 8:44am
The Semafor would have been the Holy Grail if it doesn't repaint
  • #10
  • Aug 3, 2014 9:08am Aug 3, 2014 9:08am
It's just a zigzag. It really doesn't do anything but showing past swings.
  • #11
  • Aug 3, 2014 11:05am Aug 3, 2014 11:05am
Quoting francisakz
The Semafor would have been the Holy Grail if it doesn't repaint
Which is why you shouldn't focus on the alert. Instead as using alert to let you know you are in profit or loss.

The reversals which happen with the number 2 or 3 always occur after touching a pivot. The only question is which pivot will be the reversal for the day. I use this indicator to alert me of floating profits or loss.
Banks scalp, why don't you?
  • #12
  • Aug 3, 2014 11:37am Aug 3, 2014 11:37am
That's why u don't focus on the Semafor, because no one knows d pivot, the TDI is more effective, u would have said the semafor is only good to know if u are in d middle of a trend or begining, as far as it gives only past high and low, it doesn't help which ever way. The only thing u would have said is that the semafor gives u an Idea when the end of a trend is approaching. But wen a news spike comes that previous 3 might turn to 2
  • #13
  • Aug 3, 2014 11:46am Aug 3, 2014 11:46am
Quoting francisakz
That's why u don't focus on the Semafor, because no one knows d pivot, the TDI is more effective, u would have said the semafor is only good to know if u are in d middle of a trend or begining, as far as it gives only past high and low, it doesn't help which ever way. The only thing u would have said is that the semafor gives u an Idea when the end of a trend is approaching. But wen a news spike comes that previous 3 might turn to 2
Its even better to use it wrong: start selling when the 3 dot appears below the candles.
  • #14
  • Aug 3, 2014 12:19pm Aug 3, 2014 12:19pm
Quoting Anusragger
{quote} Its even better to use it wrong: start selling when the 3 dot appears below the candles.
By the way, it is not said in the first post if it will be traded by or against semafor
  • #15
  • Aug 3, 2014 6:30pm Aug 3, 2014 6:30pm
Thanks everybody for all your input.. it seems like I started a real debate on this. Here's what happened on the first trade.. This indicator on the 4 hour timeframe during the first trade did not repaint. However, this same indicator on the 15 Minute timeframe did repaint but it didn't repaint much. On the 15 minute it repainted 2 15 minute bars ahead before price turned in favor of my open position. In total, it repainted a small amount of pips (tiny amount) before price started heading in the direction I was betting on. When the counter semafor appeared I closed the trade for a tiny profit of 16 cents. More trades need to be taken to start to see any pattern of profit or loss. I will continue to post results here. Stay tuned if u want.
  • #16
  • Aug 3, 2014 7:28pm Aug 3, 2014 7:28pm
hi tdhowl
can you please explain clearly the enter point.plus blue dots ,green and red .
for example when 4hr is blue, 15 min should be blue or green?
thanks
fred
  • #17
  • Aug 3, 2014 7:30pm Aug 3, 2014 7:30pm
i see blue dots come for short and long trade both.so i really dont get it what the blue dots means in this system?
regards
fred
  • #18
  • Aug 3, 2014 11:29pm Aug 3, 2014 11:29pm
Hi fredgold3434,
To be honest, I have to say that I am having some reservations about this system I am currently using to test this indicator. I took a 2nd trade using the above system and I broke even exactly upon closing. This indicator may be stable on the H1 timeframe and higher,but on the 15 Minute Timeframe.. it appears useless to me. On the 15, it repaints badly. I would still like to test this indicator.. but I think it would be best to change the original strategy and test it on a higher timeframe like the 1 Hour. So I am going to test it on the 1 Hour Timeframe only and stop using it on the 4 Hour, and 15 minute. Also, I am going to add on the 1 Hour an added indicator that I would like to see function. I am attaching it here. The indicator I am attaching is a price predictive indicator, and it appears to only work on the 30 Minute Timeframe and above. So, on the 1 Hour chart, i am going to have 2 indicators.. the 3 level.. as originally posted, and the next-move indicator.. Wen both agree, I am going to take the trade. When 1 of the 2 indicators don't agree.. I going to exit the trade. I want to see the results on this. I do not want to continue on the 15. TD
Attached File(s)
File Type: ex4 next-move.ex4   18 KB | 694 downloads
  • #19
  • Aug 4, 2014 12:26am Aug 4, 2014 12:26am
it seems next move indi works only on 4 hr chart .
  • #20
  • Aug 4, 2014 5:14am Aug 4, 2014 5:14am
Hi fredgold3434, try loading next move again on different timeframes. It is now loading for me on the 15 minute chart, also on the 30, 1 hour, and 4 hour too. After you load it onto a chart.. give it a few minutes to appear on the screen. Maybe depending on your computers processing power.. it may take a moment, or a few minutes to show on the chart.. maybe?
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