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Nihilist Forex Indicators

  • #4,421
  • Sep 19, 2014 2:25am Sep 19, 2014 2:25am
Quoting ghost walker
Hi Nihilist, Here is a great indicator that I if you thought it worthy enough you might add your magic touch to it , Cheers, GW. P/S Thank you so much for putting your work out there for us to share. {file} {file}

Why don't you take your indicator here http://www.forexfactory.com/forumdisplay.php?f=69 and see what they can do for you.
  • #4,422
  • Edited 4:55am Sep 19, 2014 4:42am | Edited 4:55am
Quoting ghost walker
Hi Nihilist, Here is a great indicator that I if you thought it worthy enough you might add your magic touch to it , Cheers, GW. P/S Thank you so much for putting your work out there for us to share. {file} {file}
Just for fun, I decided to take a look at these indicators and my terminal was absolutely frozen by one of them. Posting such shit that has absolutely nothing to do with the system and even does not work properly should be considered criminal sabotage of the thread.
  • #4,423
  • Sep 19, 2014 5:44am Sep 19, 2014 5:44am
Quoting Indrek
{quote} Just for fun, I decided to take a look at these indicators and my terminal was absolutely frozen by one of them. Posting such shit that has absolutely nothing to do with the system and even does not work properly should be considered criminal sabotage of the thread.
Ouch! Sorry to hear that Indrek. It just also happens to be the posters first post on FF. Nihilist needs to probably have such post deleted.
  • #4,424
  • Sep 19, 2014 7:27am Sep 19, 2014 7:27am
Quoting Indrek
{quote} It often happens that a thread containing a really good system dies quickly. I see two reasons: 1) good traders catch the idea and start to trade it, so nothing to discuss any more; 2) newbies find it too simple and go forward to look for systems with more indicators

Thinking about this it's probably a good idea for newbies to get as much experience of different systems, indicators and time frames as they can whilst they are learning.

Speaking for myself it was only by trying different systems, time frames and indicators that I found what would work for me.

I've discovered that I am best trading higher TFS H4+.

I've found it far easier to trade with the trend. You can only trade with a trend once the trend is established.

I've found the easiest way to get into a trade is after a pullback/rally in the trend.

The three points above, in blue, are the essence of my trading. It's very simple because I like simple.

I want to trade with a minimum of indicators. I'm not good enough to trade without them.


By using Nihilist indicators, as I do, and the other indicators I have on my chart this is the easiest way I have found, so far, to trade with the trend after a pullback/rally because it is very visual.

I could only find what suited me and worked for me by doing a lot of searching in the beginning.
  • #4,425
  • Sep 19, 2014 8:05am Sep 19, 2014 8:05am
Quoting stevepatt
{quote} Thinking about this it's probably a good idea for newbies to get as much experience of different systems, indicators and time frames as they can whilst they are learning. Speaking for myself it was only by trying different systems, time frames and indicators that I found what would work for me. I've discovered that I am best trading higher TFS H4+. I've found it far easier to trade with the trend. You can only trade with a trend once the trend is established. I've found the easiest way to get into a trade is after a pullback/rally in the...
Your way of trading is very simple and logical indeed, and to my mind it can be done even without any other indicators besides Heiken Ashi and Kijun. Above Kijun = long, under Kijun = short, and HA is for identifying retracements.
Am I right?
  • #4,426
  • Sep 19, 2014 8:39am Sep 19, 2014 8:39am
Quoting Indrek
{quote} Your way of trading is very simple and logical indeed, and to my mind it can be done even without any other indicators besides Heiken Ashi and Kijun. Above Kijun = long, under Kijun = short, and HA is for identifying retracements. Am I right?

It can be done with no indicators at all, I don't have the skill to do this.

I'm sure it could be done with the indicators you suggest.

I need the visual confirmation I get by use Nihilist indicators.

The combination of indicators I'm now using are the most promising I've found that work for me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 19th Sept 14 NZD:USD D1 Chart.png Size: 98 KB
Click to Enlarge Name: 19th Sept 14 NZD:USD D1 Chart 2.png Size: 51 KB
  • #4,427
  • Sep 19, 2014 9:04am Sep 19, 2014 9:04am
Quoting stevepatt
{quote} It can be done with no indicators at all, I don't have the skill to do this. I'm sure it could be done with the indicators you suggest. I need the visual confirmation I get by use Nihilist indicators. The combination of indicators I'm now using are the most promising I've found that work for me. {image} {image}
I'm with you on this one....Seems we think a lot alike.

I have been trading the Futures market now about 5 years and have several auto traders me and another guy put
together. However the Futures market is no longer the same market it once was.

Its been hijacked by the HFT's and most of the retail traders are gone, so I am now trying to switch
over to the forex market, which is different. In the futures market I was a total scalper, now I only want
to trade the htf of 4hrs and above, so just now trying to get my head around it..
  • #4,428
  • Sep 19, 2014 9:58am Sep 19, 2014 9:58am
Quoting stevepatt
{quote} Hi trdmny, Thanks for the reply, I find waiting for a pullback in an established trend is a good way to avoid a ranging market and it also helps to reduce my stop size. Good luck with your trading. {image}
I really like what you are doing also. After looking at mine and your charts, I might
look at combining what you do and what I am doing now. Take a look at the chart below
I have my TP set to +350 pips and as you can see I just missed it by a few pips.

But thinking now that I could add to my positions using what you do now, I get in on
the turns off the highs and lows or the start of the new trend, once in I could use what
you do to add contracts on the pull backs, cause I am trying to ride those trends as long as possible.
Will be looking at that....
Attached Image (click to enlarge)
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  • #4,429
  • Sep 19, 2014 10:27am Sep 19, 2014 10:27am
Quoting pips777
oweee plenty indis also lol = http://screencast.com/t/wD2ZLiSi = still can C da candles$ tho

Yes a lot of indis, but no different than some templates used here.
Indicators always obey Price, not the other way.
  • #4,430
  • Sep 19, 2014 11:23am Sep 19, 2014 11:23am
Quoting Indrek
{quote} Just for fun, I decided to take a look at these indicators and my terminal was absolutely frozen by one of them. Posting such shit that has absolutely nothing to do with the system and even does not work properly should be considered criminal sabotage of the thread.
I agree, it looked suspicious being his first post.
Pip Goes The Weasel
  • #4,431
  • Sep 19, 2014 11:25am Sep 19, 2014 11:25am
Quoting stevepatt
{quote} Thinking about this it's probably a good idea for newbies to get as much experience of different systems, indicators and time frames as they can whilst they are learning. Speaking for myself it was only by trying different systems, time frames and indicators that I found what would work for me. I've discovered that I am best trading higher TFS H4+. I've found it far easier to trade with the trend. You can only trade with a trend once the trend is established. I've found the easiest way to get into a trade is after a pullback/rally in the...
Really apreciate this, a lot of logik to it also.

Thanks
Pip Goes The Weasel
  • #4,432
  • Sep 19, 2014 11:28am Sep 19, 2014 11:28am
Nihi, man, are you all right??

Hope everything is okay.

God bless.
  • #4,433
  • Sep 19, 2014 12:12pm Sep 19, 2014 12:12pm
Quoting trdmny
{quote} Hi Stevepatt, I agree with you. Since I came up with this way to trade, my SL has been a work in progress, on this trade I started out with a 200 pip stop. But had planned to let it run but decided to close trade early as I explained in my post earlier. I am trying to take trades off the new highs and lows and had intended to set my stops just under the candle with arrow on it as that is my setup candle, sometimes that is big and sometimes very small, but looking at these 3 trades I am in, I have had almost 0 drawdown after entering my trades....
Hi trdmny,

I see you get into your trades very early, for me anyway.

I've found getting into a trade before I can see some sort of established trend can have mixed results.

How can you be sure of your trade direction so early.

I'm just curious if I'm missing something.
  • #4,434
  • Sep 19, 2014 1:17pm Sep 19, 2014 1:17pm
Quoting stevepatt
{quote} Hi trdmny, I see you get into your trades very early, for me anyway. I've found getting into a trade before I can see some sort of established trend can have mixed results. How can you be sure of your trade direction so early. I'm just curious if I'm missing something.
HELLO ,
I agree with what you are saying....at least the trend sycle should cross 50 line at least after candle close above kujinsin
regards
  • #4,435
  • Sep 19, 2014 3:08pm Sep 19, 2014 3:08pm
Quoting stevepatt
{quote} Hi trdmny, I see you get into your trades very early, for me anyway. I've found getting into a trade before I can see some sort of established trend can have mixed results. How can you be sure of your trade direction so early. I'm just curious if I'm missing something.
Ok see the red and blue arrows on my chart, that is an indicator that picks those highs and lows, problem is as the low is being made the arrow will move.
So lets say its making a low, the arrow will appear on the candle that makes that low, problem is the arrow will move the next day if the candle the next day closes lower than the previous candle...I tried to trade just the arrow but found out real quick I could not do that...

Then I found the UT indicator and saw that if I wait for the UT to turn same color as arrow then the arrow is set by that time and I know that is the true
low or high, thus I enter the trade...

This is a work in progress but so far looks good...As you can see the chart below, that's what it looks like going back over one
year on that chart...Lots of fine turning to do, but looks like it might have potential
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-19_1556.png Size: 101 KB
  • #4,436
  • Sep 19, 2014 3:51pm Sep 19, 2014 3:51pm
Quoting trdmny
{quote} Ok see the red and blue arrows on my chart, that is an indicator that picks those highs and lows, problem is as the low is being made the arrow will move. So lets say its making a low, the arrow will appear on the candle that makes that low, problem is the arrow will move the next day if the candle the next day closes lower than the previous candle...I tried to trade just the arrow but found out real quick I could not do that... Then I found the UT indicator and saw that if I wait for the UT to turn same color as arrow then the arrow is...
Dear trdmny,

can you share please your arrow indicator.

Many thanks.
  • #4,437
  • Sep 19, 2014 6:48pm Sep 19, 2014 6:48pm
Quoting san1111
{quote} Dear trdmny, can you share please your arrow indicator. Many thanks.
Even without knowing the indicator, I can tell you that it repaints. It seems to show the exact turning points like ZigZag does.

So be cautious when using this kind of indicator if you are new to trading ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #4,438
  • Sep 19, 2014 10:49pm Sep 19, 2014 10:49pm
Quoting FerruFx
{quote} Even without knowing the indicator, I can tell you that it repaints. It seems to show the exact turning points like ZigZag does. So be cautious when using this kind of indicator if you are new to trading ...
Well sorry to tell you it does not repaint, but if you want to think it does without
ever seeing it, be my guest, does not bother me in the least. I have watched it for
months now and trading it on demo and never saw it repaint.

I have been trading futures for over 5 years and have about 17 auto's that me and
another person have designed and had programmed, so trust me when I tell you
I know what repainting is

happy trading to you
  • #4,439
  • Sep 20, 2014 12:35am Sep 20, 2014 12:35am
Quoting trdmny
{quote} Well sorry to tell you it does not repaint,...
If it doesn't repaint, the arrow appears few candles back ... Right ?

If it appears and remains on the very first closed candle, you don't need any other indicator and you should be rich in no time.

Just to be sure, we are talking about the Red/Blue arrows plotted on top and bottom peaks ... Right ?

Please don't get me wrong. I am not saying that it isn't good for trading ... just to be cautious as it either repaints or plots late ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #4,440
  • Sep 20, 2014 1:13am Sep 20, 2014 1:13am
Quoting trdmny
problem is the arrow will move the next day if the candle the next day closes lower than the previous candle...
Here you yourself said that it repaints. Plus, Nihilist UltraTrend repaints. So, we cannot rely on visual backtest. Only way to backtest properly is by using some simulator.
But backtest is a big waste of time anyway. In trading it is not a problem if they repaint. Indicators are nothing more than visual aid, all decisions are made in trader's head.
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