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Nihilist Forex Indicators

  • #4,241
  • Sep 13, 2014 1:55am Sep 13, 2014 1:55am
Quoting Helee
{quote} Hi forexday, yes indeed, if you attach an indi like this one... http://gyazo.com/2618b2ba8414329410e25576ae5c07a0 there are quite a few of them and are called " xADR" , just add it to your chart. take care and enjoy the weekend {file} {file}
Thank you Helee
Have a lovely week end.
  • #4,242
  • Edited 2:49am Sep 13, 2014 2:39am | Edited 2:49am
Quoting Indrek
{quote} Average True Range is among default indicators of MT4. Who wants to become a successful trader, has to learn the basics and the tools very well before even thinking about any trading system. When I first discovered Forex, I spent some months on studying the "Help" section of MT4, analyzing what one or other indicator does and how it behaves in certain market conditions. Jumping into trading without preliminary hard work is not good and such trading cannot be sustainable long term. To learn Forex, one does not need FF nor even any other people's...
I agree 100%. Well said Indrek.

Learning the basics and studying the markets and their inner workings is an on going process. It takes many many months of chart time and study, if not years to achieve success. Even then, one will continue to learn something new everyday. If one wants to be successful, learn all you can BEFORE even thinking about trading live with ANY system. Trading is more then just plugging in a system and trading it like a robot, without basic knowledge and education needed to succeed in the market. Don't be one of those, that had to learn the hard way. GOD Bless.

Cheers
  • #4,243
  • Sep 13, 2014 2:43am Sep 13, 2014 2:43am
Quoting Helee
{quote} Well, I don't understand your comments, this indi is a pure calculation of the daily range and average of daily ranges, it has nothing to do with trading or jumping into trades, It only calculates the day range, and by doing so, you can see easily which pairs has bigger moves, this was the intention of putting this indi in here. Baby pips school is also a good source to learn forex, the ideal is you should only trade with naked JC and no indies at all, but then what is the reason for creating so much indies? basically they all are mathematical...
I think you may be missing the point to Indrek's post. It was not an attack on anyone, but rather some sound and solid advice from a seasoned trader. If the message doesn't pertain to you(newbie) then let it roll off your back. Read my post above. Happy trading Helee.


Cheers
  • #4,244
  • Sep 13, 2014 2:55am Sep 13, 2014 2:55am
Quoting Helee
{quote} Well, I don't understand your comments, this indi is a pure calculation of the daily range and average of daily ranges, it has nothing to do with trading or jumping into trades, It only calculates the day range, and by doing so, you can see easily which pairs has bigger moves, this was the intention of putting this indi in here. Baby pips school is also a good source to learn forex, the ideal is you should only trade with naked JC and no indies at all, but then what is the reason for creating so much indies? basically they all are mathematical...
This comment was not about you nor your suggested indicator. I meant that someone who is asking such questions - how I can find pairs with higher ATR - should maybe do some individual work before coming to trading systems (= jumping into trading).
  • #4,245
  • Sep 13, 2014 3:32am Sep 13, 2014 3:32am
Quoting MKFXTrader
{quote} I agree 100%. Well said Indrek. Learning the basics and studying the markets and their inner workings is an on going process. It takes many many months of chart time and study, if not years to achieve success. Even then, one will continue to learn something new everyday. If one wants to be successful, learn all you can BEFORE even thinking about trading live with ANY system. Trading is more then just plugging in a system and trading it like a robot, without basic knowledge and education needed to succeed in...
12 years so far and still learning
Pip Goes The Weasel
  • #4,246
  • Sep 13, 2014 3:33am Sep 13, 2014 3:33am
Quoting stevepatt
{quote} AUD/JPY D1 Re-entered long after yesterdays Pin Bar. {image}

AUD/JPY D1

This turned into a losing trade, I took it because of the Daily PB on the 10th September, I ignored the fact that the Ultra Trend Indicator had turned Orange.

Personally I thinks it's important to place PA before Indicators.
Attached Image (click to enlarge)
Click to Enlarge Name: 13th Sept 14 AUD:JPY D1 Chart.png Size: 118 KB
  • #4,247
  • Sep 13, 2014 4:18am Sep 13, 2014 4:18am
Quoting Indrek
{quote} This comment was not about you nor your suggested indicator. I meant that someone who is asking such questions - how I can find pairs with higher ATR - should maybe do some individual work before coming to trading systems (= jumping into trading).
Hi Indrek,

i just replied because you posted on my post, you should have posted into the thread itself, noting else.

No problems at all.

Take care and enjoy your weekend.

Thax
  • #4,248
  • Sep 13, 2014 4:22am Sep 13, 2014 4:22am
Quoting MKFXTrader
{quote} I think you may be missing the point to Indrek's post. It was not an attack on anyone, but rather some sound and solid advice from a seasoned trader. If the message doesn't pertain to you(newbie) then let it roll off your back. Read my post above. Happy trading Helee. Cheers

Indeed we lean every day, even the time we spend looking at the charts we learn, there are out there overloads of information, opinions, strategies, books, videos, you name it.

Only once we stop learning.
  • #4,249
  • Sep 13, 2014 4:29am Sep 13, 2014 4:29am
Quoting stevepatt
{quote} AUD/JPY D1 This turned into a losing trade, I took it because of the Daily PB on the 10th September, I ignored the fact that the Ultra Trend Indicator had turned Orange. Personally I thinks it's important to place PA before Indicators. {image}
Hi stevepatt,

Sorry, its not clear to me, you say that the candle turned orange?, if so is to go short, did you went long? also on top of the trend you have a dojo, signaling that the trend maybe come to an end.

Mind to clarify, please.

Thx
  • #4,250
  • Sep 13, 2014 4:31am Sep 13, 2014 4:31am
Adr/atr is very important for chose the pair to trade. here i am upload a adr/atr dashboard indicator, hope it will help you. ( this is not written by me, i modify it a little bit only.)
Attached Image
Attached File(s)
File Type: ex4 ADR_ATR_24_PAIR.ex4   22 KB | 1,648 downloads
Every man who thinks ahead of his time is sure to be misunderstood.
  • #4,251
  • Sep 13, 2014 4:33am Sep 13, 2014 4:33am
Quoting Helee
{quote} Indeed we lean every day, even the time we spend looking at the charts we learn, there are out there overloads of information, opinions, strategies, books, videos, you name it. Only once we stop learning.
well said my dear friend.
Every man who thinks ahead of his time is sure to be misunderstood.
  • #4,252
  • Sep 13, 2014 4:39am Sep 13, 2014 4:39am
Quoting Helee
{quote} Hi stevepatt, Sorry, its not clear to me, you say that the candle turned orange?, if so is to go short, did you went long? also on top of the trend you have a dojo, signaling that the trend maybe come to an end. Mind to clarify, please. Thx
stevepatt took the trade after forming the Pinbar, and ignored all other things on the chart. some times pinbar alone can give us huge pips but this time luck was not with him.
Every man who thinks ahead of his time is sure to be misunderstood.
  • #4,253
  • Sep 13, 2014 4:46am Sep 13, 2014 4:46am
Dear Nihilist,
Just wondering you are personel or group....
  • #4,254
  • Sep 13, 2014 4:46am Sep 13, 2014 4:46am
Quoting Nihilist
{quote} stevepatt took the trade after forming the Pinbar, and ignored all other things on the chart. some times pinbar alone can give us huge pips but this time luck was not with him.
Ha ok, thx my friend,

So was just a miss judge or a precipitation on the trade.

Pinbars are strong at the end of trends, this was not the case.

Wishing many green pips to Stevepatt and to all of you.

Thx
  • #4,255
  • Sep 13, 2014 4:47am Sep 13, 2014 4:47am
Quoting datdle
Dear Nihilist, Just wondering you are personel or group....

LOL,

He is something out of this World.
  • #4,256
  • Sep 13, 2014 4:49am Sep 13, 2014 4:49am
Quoting datdle
Dear Nihilist, Just wondering you are personel or group....
Every man who thinks ahead of his time is sure to be misunderstood.
  • #4,257
  • Sep 13, 2014 4:50am Sep 13, 2014 4:50am
Quoting Helee
{quote} LOL, He is something out of this World.
Every man who thinks ahead of his time is sure to be misunderstood.
  • #4,258
  • Sep 13, 2014 5:33am Sep 13, 2014 5:33am
thanks for the indicator nihilist. can you tell us what criteria you select for ATR/ADR when choosing which pairs to trade and which pairs not to? thanks

Quoting Nihilist
Adr/atr is very important for chose the pair to trade. here i am upload a adr/atr dashboard indicator, hope it will help you. ( this is not written by me, i modify it a little bit only.) {image} {file}
  • #4,259
  • Sep 13, 2014 8:34am Sep 13, 2014 8:34am
Quoting LastSAMURAI
{quote} Hi Indrek, you wrote today that you mostly trade on H4. Don't you think that 1*ATR on this TF is sufficient? And if not, could you please answer why? Did you backtested that? Best Regards LastSamurai
If you have auto-chartist you can use their volatility levels they are really good
Pip Goes The Weasel
  • #4,260
  • Sep 13, 2014 8:36am Sep 13, 2014 8:36am
Quoting Helee
{quote} Hi stevepatt, Sorry, its not clear to me, you say that the candle turned orange?, if so is to go short, did you went long? also on top of the trend you have a dojo, signaling that the trend maybe come to an end. Mind to clarify, please. Thx
AUD/JPY D1

GBP/USD D1

Hi Helee,

This was my thought process when I took the trade, I hope it helps someone.

I use the indicators because I don't have the skill to trade just using PA alone, they are my stabilisers.

Always follow the PA first they are the leading Indicator
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 13th sept 14 AUD:JPY D1 Chart.png Size: 137 KB
Click to Enlarge Name: 13th sept 14 AUD:JPY D1 Chart 2.png Size: 127 KB
Click to Enlarge Name: 13th Sept 14 GBP:USD D1 Chart.png Size: 140 KB
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