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Nihilist Forex Indicators

  • #3,721
  • Sep 4, 2014 5:00am Sep 4, 2014 5:00am
Quoting chanx
{quote} Subscribe to get Indi .. Could you plz give me if you have ??
That's the way Nihilist decided to share this indicator. If you have little respect for his work, you shouldn't request to somebody to go against the right way ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #3,722
  • Sep 4, 2014 5:05am Sep 4, 2014 5:05am
Quoting FerruFx
{quote} That's the way Nihilist decided to share this indicator. If you have little respect for his work, you shouldn't request to somebody to go against the right way ...
Ahh I see.... Okay ,, I will SUBS right aWay... Watcha Say Mr. Coder ..
  • #3,723
  • Sep 4, 2014 5:19am Sep 4, 2014 5:19am
Quoting imifx
{quote} Thanks a lot Hellee, those u marked in circle do i need to download them only

Hi Imifx,

You don't seem to understand what is going on, I advise you to read the thread, there are various systems, so read the thread to understand what is going on and to see which one better suits you.

We had a comment like this from a previous reader, here is an extract:

"I have finally made it through all the pages of the thread! Only now do I realise how many times my first question posted here had been answered before! Thank you all for your patience."

Do yourself a favor and read it.

take care
  • #3,724
  • Sep 4, 2014 5:31am Sep 4, 2014 5:31am
Quoting Helee
{quote} Hi Imifx, You don't seem to understand what is going on, I advise you to read the thread, there are various systems, so read the thread to understand what is going on and to see which one better suits you. We had a comment like this from a previous reader, here is an extract: "I have finally made it through all the pages of the thread! Only now do I realise how many times my first question posted here had been answered before! Thank you all for your patience." Do yourself a favor and read it. take care
OK !!! i will go thru with it. Thnx again.
If you believe in yourself anything is possible !!
  • #3,725
  • Sep 4, 2014 5:41am Sep 4, 2014 5:41am
Quoting PipRocket
Looking at entering LONG on this NZDUSD setup at the close of the H1 candle, there seems to be a good amount of momentum behind it on the indicators and a good number of pips to go to the next resistance area. Any comments? {image}

Hi Piprocket,

Nihilist doesn't recommend trading this below H4.
Attached Image (click to enlarge)
Click to Enlarge Name: 4th sept 14 NZD:USD H1 Chart.png Size: 96 KB
  • #3,726
  • Edited 6:15am Sep 4, 2014 6:04am | Edited 6:15am
Quoting PipRocket
Looking at entering LONG on this NZDUSD setup at the close of the H1 candle, there seems to be a good amount of momentum behind it on the indicators and a good number of pips to go to the next resistance area. Any comments?
Quoting stevepatt
{quote} Hi Piprocket, Nihilist doesn't recommend trading this below H4.
The system works well on H1 and perfectly on M30 but in this situation I would not take any trade until it sorts out.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-h1-admiral-markets-as.png Size: 63 KB
  • #3,727
  • Sep 4, 2014 7:31am Sep 4, 2014 7:31am
Quoting Indrek
{quote} {quote} The system works well on H1 and perfectly on M30 but in this situation I would not take any trade until it sorts out. {image}
EUR/USD D1

Hi Indrek,

I read the first post from Nihilist and he recommends using H4 and above.

Can't say I've even looked below D1.

Depends on the time you have to trade, I would rather check my charts at the End of Day (EOD) and take the appropriate action once a day, 15 minutes max.

The shorter the TF people trade the more time required for house keeping.

The shorter the TF people trade the less the returns in terms of your time per pip returned.
Attached Image (click to enlarge)
Click to Enlarge Name: 4th sept 14 EUR:USD D1 Chart.png Size: 111 KB
  • #3,728
  • Edited 9:13am Sep 4, 2014 7:44am | Edited 9:13am
Quoting stevepatt
{quote} I read the first post from Nihilist and he recommends using H4 and above. Can't say I've even looked below D1. Depends on the time you have to trade, I would rather check my charts at the End of Day (EOD) and take the appropriate action once a day, 15 minutes max. The shorter the TF people trade the more time required for house keeping. The shorter the TF people trade the less the returns in terms of your time per pip returned. {image}
That was his suggestion but I am talking about what I know from my personal analysis. We may take into consideration what someone else says but how we trade is anyone's personal choice and matter anyway
On M30 we could catch the sudden moves also while on H4 and D1 we are always at least a bit late. I personally prefer H4 lifestyle but who wants to watch charts intraday for those I suggest especially M30.
Attached example is very fresh
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m30-admiral-markets-as-2.png Size: 55 KB
  • #3,729
  • Edited 9:14am Sep 4, 2014 7:48am | Edited 9:14am
Quoting stevepatt
The shorter the TF people trade the more time required for house keeping. The shorter the TF people trade the less the returns in terms of your time per pip returned. {image}
Firstly - for full time traders it is not so tragic if they need much 'house keeping' as you put it. M30 is very well tradeable with 8 hours per day, which is quite usual working day.
Secondly - the smaller the timeframe the smaller the SL and the bigger lots we can use. Even one trade per day with 5 pip profit can be enough for very good living. We have to make money here not pips

EDIT: Under 'full time traders' I mean people who live from trading. It may very well mean that they spend only 15 minutes per day on charts but why not spending 8 hours or more. Depends on what one wants from life
  • #3,730
  • Sep 4, 2014 8:37am Sep 4, 2014 8:37am
4 hour charts for me, less stress
Pip Goes The Weasel
  • #3,731
  • Sep 4, 2014 8:44am Sep 4, 2014 8:44am
Quoting adrazz
4 hour charts for me, less stress
I guess, it depends on everyone's psychological profile what kind of stress is easiest to handle. H4 trades are open for days and weeks. If the trader is all that time watching the trades being afraid of losing then it is much harder than to sit behind charts and scalp here and there couple of hours per day.
  • #3,732
  • Sep 4, 2014 9:23am Sep 4, 2014 9:23am
Quoting Indrek
{quote} Firstly - for full time traders it is not so big tragic if they need much 'house keeping' as you put it. M30 is very well tradeable with 8 hours per day, which is quite usual working day. Secondly - the smaller the timeframe the smaller the SL and the bigger lots we can use. Even one trade per day with 5 pip profit can be enough for very good living. We have to make money here not pips EDIT: Under 'full time traders' I mean people who live from trading. It may very well mean that they spend only 15 minutes per day on charts but why not...

Hi Indrek,

As you say trading is very individual, I've tried trading the shorter TFs, from M5 to H1 with little success over all.

It wasn't until I went back to H4 and D1 trading that things started to make sense, but that's me.

It's important that everyone trading finds what suits them, be it scalping, swing trading or position trading.

I primarily trade PA and I use Nihilist indicators and the other indicators I use to help me in this.

All I look for is a good trend and then a pullback in that trend to enter a trade.

It's important that a trade comes primarily from what you can see and not blindly following indicators, as I'm sure you know
  • #3,733
  • Sep 4, 2014 9:58am Sep 4, 2014 9:58am
I have another question for the people in this forum.
If you are using the method that Nihilist suggests, what is your average on pips that you usually get in a month with this 4H system? Just a number out of the ballpark!
I use some Indicators from this system myself, but use a different trading system.

Anyone care to share?

D.
  • #3,734
  • Sep 4, 2014 10:09am Sep 4, 2014 10:09am
Quoting DirkH143
I have another question for the people in this forum. If you are using the method that Nihilist suggests, what is your average on pips that you usually get in a month with this 4H system? Just a number out of the ballpark! I use some Indicators from this system myself, but use a different trading system. Anyone care to share? D.
The thread was opened in the middle of July. Even if someone has been trading the system exactly by the rules from very beginning, there is no reliable data yet. A system must be traded systematically, on day to day basis, taking all possible entries for at least 6 months before making conclusions.
But I doubt if anyone has been trading it exactly as put anyway. Which is right because every trader must find his/her own way, not copy what someone else is doing.
  • #3,735
  • Sep 4, 2014 10:16am Sep 4, 2014 10:16am
Quoting Indrek
{quote} The thread was opened in the middle of July. Even if someone has been trading the system exactly by the rules from very beginning, there is no reliable data yet. A system must be traded systematically, on day to day basis, taking all possible entries for at least 6 months before making conclusions. But I doubt if anyone has been trading it exactly as put anyway. Which is right because every trader must find his/her own way, not copy what someone else is doing.
Sorry for asking. Then I guess it was to early to ask this question.
I will come back then in 6 month and ask this question again.

D.
  • #3,736
  • Sep 4, 2014 10:16am Sep 4, 2014 10:16am
Dear Indrek can you explain details how you use supply demand area for your trading decision.
  • #3,737
  • Sep 4, 2014 10:20am Sep 4, 2014 10:20am
Quoting aaarakib
Dear Indrek can you explain details how you use supply demand area for your trading decision.
I usually do not take entry signals that are close to a strong support or resistance zone. Nothing more.
  • #3,738
  • Sep 4, 2014 10:43am Sep 4, 2014 10:43am
Quoting DirkH143
I will come back then in 6 month and ask this question again. D.
Then why don't you answer yourself your own question by doing the 6 months testing ?
MT4/MT5 EAs/Indicators/Alerts coder
  • #3,739
  • Sep 4, 2014 10:45am Sep 4, 2014 10:45am
Nihilist - Could you explain how you have modified the apb bars indicator? Is it only a change of settings that differs from the original or another modification of the indicator.
  • #3,740
  • Sep 4, 2014 10:45am Sep 4, 2014 10:45am
Quoting FerruFx
{quote} Then why don't you answer yourself your own question by doing the 6 months testing ?
lol, that's too simple.
Pip Goes The Weasel
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