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Nihilist Forex Indicators

  • #3,741
  • Sep 4, 2014 11:21am Sep 4, 2014 11:21am
Quoting FerruFx
{quote} Then why don't you answer yourself your own question by doing the 6 months testing ?
Because I trade a different system and I would have liked an opinion on this one.
But as I said before, sorry for asking.

D.
  • #3,742
  • Sep 4, 2014 11:25am Sep 4, 2014 11:25am
Quoting FerruFx
{quote} Then why don't you answer yourself your own question by doing the 6 months testing ?


He should also give his answer not only ask questions.

..Or should we say?? what is your average on pips that you usually get in a month with your system? Just a number out of the ballpark???
  • #3,743
  • Sep 4, 2014 11:28am Sep 4, 2014 11:28am
Quoting stevepatt
{quote} 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. {image}
I don't really agree with this trading philosophy. You can maximize your pips while lowering your SL and exposure to draw down trading the hourly chart. It's all about risk/reward isn't it? Trade hourly in direction of the HTF trend is as basic as you can get.
  • #3,744
  • Sep 4, 2014 11:40am Sep 4, 2014 11:40am
Quoting MKFXTrader
{quote} I don't really agree with this trading philosophy. You can maximize your pips while lowering your SL and exposure to draw down trading the hourly chart. It's all about risk/reward isn't it? Trade hourly in direction of the HTF trend is as basic as you can get.
Yes, that approach is totally wrong. What is relevant is how much money we earn, not how many pips we make. We can make the same result with 10 pip profit when trading 10 lots per trade than with 100 pip profit when trading 1 lot. So, counting time per pip says absolutely nothing.
And if counting time, we should take into account also the time of market exposure not only time that we spend with charts.
  • #3,745
  • Sep 4, 2014 11:48am Sep 4, 2014 11:48am
Quoting MKFXTrader
{quote} I don't really agree with this trading philosophy. You can maximize your pips while lowering your SL and exposure to draw down trading the hourly chart. It's all about risk/reward isn't it? Trade hourly in direction of the HTF trend is as basic as you can get.

Hi MKFXTrader,

I haven't got the free time to trade anything below D1.

I've found trading in the direction of the prevailing trend after a pullback to be the most efficient way to trade for me.
  • #3,746
  • Edited 5:25pm Sep 4, 2014 12:07pm | Edited 5:25pm
Quoting Indrek
{quote} Yes, that approach is totally wrong. What is relevant is how much money we earn, not how many pips we make. We can make the same result with 10 pip profit when trading 10 lots per trade than with 100 pip profit when trading 1 lot. So, counting time per pip says absolutely nothing. And if counting time, we should take into account also the time of market exposure not only time that we spend with charts.
I'm not even bringing up the subject of lot size per my post above. Trading off the hourly TF one can earn the same amount if not more then someone trading off the HTF in terms of pips. I personally set my TP target the same as if I were trading on higher TF (4hr TF/Daily). Trading on the hourly allows me to maximize the movement of the pair intraday. It allows me to exit at the extremes of PA movement and re enter on a continuation after retrace with limited drawdown. This style allows me to lock in my pips without exposing myself to potential market reversals and losing all the pips earned from the high volatility intraday movement. My system is quite different from what everyone is doing here, but I've incorporated some of Nihilist's great indies to filter my trades. Trading the hourly doesn't mean you have to be glued to the monitor. Hope this makes sense. Happy trading and many green pips to you mate.

Cheers
  • #3,747
  • Sep 4, 2014 12:08pm Sep 4, 2014 12:08pm
Quoting stevepatt
{quote} Hi MKFXTrader, I haven't got the free time to trade anything below D1. I've found trading in the direction of the prevailing trend after a pullback to be the most efficient way to trade for me.
  • #3,748
  • Sep 4, 2014 12:53pm Sep 4, 2014 12:53pm
Quoting MKFXTrader
{quote} I'm not even bringing up the subject of lot size per my statement above. Trading off the hourly TF one can earn the same amount if not more then someone trading off the HTF in term of pips. I personally set my TP target the same as if I were trading on higher TF (4hr TF/Daily). Trading on the hourly allows me to maximize the movement of the pair intraday. It allows me to exit at the extremes of PA movement and re enter on a continuation after retrace with limited drawdown. This style allows me to lock in my pips without exposing myself to...

I agree. you are right about the amount of money or pips you make..
  • #3,749
  • Sep 4, 2014 12:54pm Sep 4, 2014 12:54pm
Quoting MKFXTrader
{quote} I'm not even bringing up the subject of lot size per my statement above. Trading off the hourly TF one can earn the same amount if not more then someone trading off the HTF in term of pips. I personally set my TP target the same as if I were trading on higher TF (4hr TF/Daily). Trading on the hourly allows me to maximize the movement of the pair intraday. It allows me to exit at the extremes of PA movement and re enter on a continuation after retrace with limited drawdown. This style allows me to lock in my pips without exposing myself to...

I agree. you are right about the amount of money or pips you make. from my experience it doesn't make much of difference
  • #3,750
  • Sep 4, 2014 3:01pm Sep 4, 2014 3:01pm
Quoting Dar92
Hi Nihilist Does the ultra adx histogram have email alert?
no, my friend.
Every man who thinks ahead of his time is sure to be misunderstood.
  • #3,751
  • Sep 4, 2014 3:10pm Sep 4, 2014 3:10pm
Quoting MKFXTrader
{quote} I'm not even bringing up the subject of lot size per my statement above. Trading off the hourly TF one can earn the same amount if not more then someone trading off the HTF in term of pips. I personally set my TP target the same as if I were trading on higher TF (4hr TF/Daily). Trading on the hourly allows me to maximize the movement of the pair intraday. It allows me to exit at the extremes of PA movement and re enter on a continuation after retrace with limited drawdown. This style allows me to lock in my pips without exposing myself to...
Hi MXFXTrader,

Where can I see how you are trading, I'd be interested!!
  • #3,752
  • Sep 4, 2014 3:54pm Sep 4, 2014 3:54pm
Quoting LFN
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.
Hi LFN, i did not modify it, i download it form another thread of FF.
Every man who thinks ahead of his time is sure to be misunderstood.
  • #3,753
  • Sep 4, 2014 4:02pm Sep 4, 2014 4:02pm
Quoting FerruFx
{quote} Then why don't you answer yourself your own question by doing the 6 months testing ?
Every man who thinks ahead of his time is sure to be misunderstood.
  • #3,754
  • Sep 4, 2014 4:24pm Sep 4, 2014 4:24pm
Quoting stevepatt
{quote} Hi Piprocket, Nihilist doesn't recommend trading this below H4. {image}
hi stevepatt, if any one want to trade on H1 or M30 then i suggest to use Holygrail indicator instead of ultra trend.
i use holygrail dash when i trade on lower time frame. but i never trade less then M30.
thanks.
Every man who thinks ahead of his time is sure to be misunderstood.
  • #3,755
  • Sep 4, 2014 4:26pm Sep 4, 2014 4:26pm
Quoting FerruFx
{quote} Dhruba is in the Nihilist_3.zip ... found through the paperclip.
thank you.
i will upload all of the indicators on 1st post when i have some free time.
Every man who thinks ahead of his time is sure to be misunderstood.
  • #3,756
  • Sep 4, 2014 8:37pm Sep 4, 2014 8:37pm
I have loaded the ADX mtf on 2 different accounts and with the same broker and same pair, this is the result I got from the ADX, the last 2 left columns is different from each other . Anyone knows what's going on?

Thank you
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  • #3,757
  • Sep 4, 2014 9:22pm Sep 4, 2014 9:22pm
Quoting pastecopy
I have loaded the ADX mtf on 2 different accounts and with the same broker and same pair, this is the result I got from the ADX, the last 2 left columns is different from each other . Anyone knows what's going on? Thank you {image}
Be sure that both platforms have enough datas loaded for these timeframes.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3,758
  • Sep 4, 2014 11:46pm Sep 4, 2014 11:46pm
Quoting Indrek
{quote} I usually do not take entry signals that are close to a strong support or resistance zone. Nothing more.
Take those signal which are come from strong suuport resistant zone and ignore signal from weak support resistant zone.Am i right?

Another question,have you any re entry system?
  • #3,759
  • Sep 4, 2014 11:57pm Sep 4, 2014 11:57pm
Quoting aaarakib
{quote} Take those signal which are come from strong suuport resistant zone and ignore signal from weak support resistant zone.Am i right? Another question,have you any re entry system?
No, that is not what I meant. I do not trade against strong zones. What is behind my back is not so relevant.
What do you mean by re-entry system? I take all signals that I see without analyzing trends or sth. Purely mechanical, 100% technical.
  • #3,760
  • Sep 5, 2014 1:03am Sep 5, 2014 1:03am
sir nihist and other masters in the house,

Pls, at what time interval does the adx mtf refreshes itself. evry 15mins or what pls. i need to know. Thanks all.
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