Nihilist Forex Indicators | Page 223 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Nihilist HolyGrail" EA 30 replies

Custom Indicators vs. Technical Indicators 6 replies

Nihilist trading 26 replies

Lagging Indicators -vs- Leading Indicators 48 replies

Attachments: Nihilist Forex Indicators
Exit Attachments

Nihilist Forex Indicators

  • #4,441
  • Sep 20, 2014 1:58am Sep 20, 2014 1:58am
Quoting Indrek
{quote} 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.

The indicator is programmed to find market highs and lows until the market makes a new high or low it will keep correcting.

This is not re-painting.

If after a market high or low has been found and it continues to move that's re-painting.

If this is wrong I'm sure trdmny will correct me.
  • #4,442
  • Sep 20, 2014 2:07am Sep 20, 2014 2:07am
[Quote = san1111; 7751066] {quote} Caro trdmny, possono ti invitiamo a condividere la tua indicatore freccia. Molte grazie. [/ Quote]
I think it's okay trdmny and he did not take a bad .. I'm sending you all so do your test, it could also serve to me
however redesigns
Attached File(s)
File Type: rar tpl.rar   1 KB | 596 downloads
  • #4,443
  • Sep 20, 2014 2:08am Sep 20, 2014 2:08am
up Penso che sarà quasi lo stesso, ma io non so chi ha messo l'impostazione per il zig zag
Attached File(s)
File Type: rar indi.rar   39 KB | 762 downloads
  • #4,444
  • Sep 20, 2014 2:10am Sep 20, 2014 2:10am
Quoting stevepatt
{quote} The indicator is programmed to find market highs and lows until the market makes a new high or low it will keep correcting. This is not re-painting. If after a market high or low has been found and it continues to move that's re-painting. If this is wrong I'm sure trdmny will correct me.
Correcting or repainting - no difference how we call it, just we cannot backtest such thing without a trading simulator.
But stevepatt, I have a question to you - what is the idea of using Synergy candles if you use UltraTrend for finding pullbacks?
  • #4,445
  • Sep 20, 2014 2:32am Sep 20, 2014 2:32am
Quoting Indrek
{quote} Correcting or repainting - no difference how we call it, just we cannot backtest such thing without a trading simulator. But stevepatt, I have a question to you - what is the idea of using Synergy candles if you use UltraTrend for finding pullbacks?

Hi Indrek,

The first thing I use to spot a pullback/rally is my eyes.

I only use indicators to confirm what I'm seeing.

I feel more comfortable using ordinary candlesticks over Synergy Candles most of the time.

But there are times when Synergy Candles can be an advantage, for instance when they change colour in a strongly trending market they are a good visual aid.
  • #4,446
  • Sep 20, 2014 2:37am Sep 20, 2014 2:37am
Quoting stevepatt
{quote} Hi Indrek, The first thing I use to spot a pullback/rally is my eyes. I only use indicators to confirm what I'm seeing. I feel more comfortable using ordinary candlesticks over Synergy Candles most of the time. But there are times when Synergy Candles can be an advantage, for instance when they change colour in a strongly trending market they are a good visual aid.
Synergy candles are almost same as Heiken Ashi that I have used in some systems. But I also want to see ordinary candlesticks to understand PA correctly. So, I always have preferred to use HA in the form of ribbon. I do not know if there is similar alternative indicator for Synergy, too.
Attached File(s)
File Type: ex4 Heiken Ashi_SWAlert.ex4   4 KB | 500 downloads
File Type: mq4 Heiken Ashi_SWAlert.mq4   5 KB | 540 downloads
  • #4,447
  • Sep 20, 2014 4:43am Sep 20, 2014 4:43am
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 ...
Looks to me it's just a zig zag pointer.
  • #4,448
  • Sep 20, 2014 5:03am Sep 20, 2014 5:03am
Quoting MKFXTrader
{quote} Looks to me it's just a zig zag pointer.
That was exactly my point!
MT4/MT5 EAs/Indicators/Alerts coder
  • #4,449
  • Sep 20, 2014 7:38am Sep 20, 2014 7:38am
Quoting FerruFx
{quote} That was exactly my point!

looks nice on the charts, but it's very misleading... I don't like indicators like that
  • #4,450
  • Sep 20, 2014 8:31am Sep 20, 2014 8:31am
Quoting stevepatt
{quote} The indicator is programmed to find market highs and lows until the market makes a new high or low it will keep correcting. This is not re-painting. If after a market high or low has been found and it continues to move that's re-painting. If this is wrong I'm sure trdmny will correct me.
Stevepatt, you are right..if the indicator repaints it would put the arrow there after the fact, so after a candle has closed and new candles open then it
goes back and put the arrow on that candle, that is repainting. This indicator does not do that, if it did it would be impossible to trade it live.

Happy trading all
  • #4,451
  • Sep 20, 2014 9:19am Sep 20, 2014 9:19am
Quoting trdmny
{quote} Stevepatt, you are right..if the indicator repaints it would put the arrow there after the fact, so after a candle has closed and new candles open then it goes back and put the arrow on that candle, that is repainting. This indicator does not do that, if it did it would be impossible to trade it live. Happy trading all
Just the arrow moves on with new highs and lows, which means that at hindsight (when backtesting manually) the arrows tell us nothing.
  • #4,452
  • Sep 20, 2014 10:07am Sep 20, 2014 10:07am
Quoting trdmny
{quote} Stevepatt, you are right..if the indicator repaints it would put the arrow there after the fact, so after a candle has closed and new candles open then it goes back and put the arrow on that candle, that is repainting. This indicator does not do that, if it did it would be impossible to trade it live. Happy trading all
Can you at least state if it is a zigzag based indicator? From your description, it sounds like it is.
  • #4,453
  • Sep 20, 2014 10:09am Sep 20, 2014 10:09am
Quoting MKFXTrader
{quote} Can you at least state if it is a zigzag based indicator? From your description, it sounds like it is.
It is visually clear that it is. I think, it is time to go forward from here as it is not a relevant topic for a very long discussion
  • #4,454
  • Sep 20, 2014 10:48am Sep 20, 2014 10:48am
Quoting MKFXTrader
{quote} Can you at least state if it is a zigzag based indicator? From your description, it sounds like it is.
You heard the man Indrek....he said we are done talking about it, so guess we are. Glad I am my own man and will
trade what suits me and no one else. My forward testing has proven what I see looking back on my charts, so thats
all that matters to me.

Good luck all, I will move on now as don't want to step on any toes and talk about something others feels we should not talk about
  • #4,455
  • Sep 20, 2014 11:05am Sep 20, 2014 11:05am
Quoting trdmny
{quote} You heard the man Indrek....he said we are done talking about it, so guess we are. Glad I am my own man and will trade what suits me and no one else. My forward testing has proven what I see looking back on my charts, so thats all that matters to me. Good luck all, I will move on now as don't want to step on any toes and talk about something others feels we should not talk about
I have no right to prohibit anyone from talking about anything. And no intention either. I just mentioned that arguing about something that is visually 100% clear might be strange.
If you feel comfortable in your trading then everything is ok. Backtesting is the worst waste of time anyway as most systems do not work as they are for longer periods. Always need to adjust something.
  • #4,456
  • Sep 20, 2014 1:03pm Sep 20, 2014 1:03pm
Nihilist,

Wondering if you would consider adding a pop up alert feature to the Ultratrend v2 indicator? A pop up alert signifying which pair, and if it's a buy/sell signal. Please consider.

Where are you? Hope all is well, my friend.
  • #4,457
  • Sep 21, 2014 4:05am Sep 21, 2014 4:05am
Hi everyone, I've been looking for the trend cycle indi, I've read its on page one, can anyone point me in the right direction. Thanks
  • #4,458
  • Sep 21, 2014 4:41am Sep 21, 2014 4:41am
Quoting rostaus
Hi everyone, I've been looking for the trend cycle indi, I've read its on page one, can anyone point me in the right direction. Thanks
The trend cycle indicator should be in one of the .zip provided here ... Just click on the paperclip on the top of any page of this thread.
MT4/MT5 EAs/Indicators/Alerts coder
  • #4,459
  • Sep 21, 2014 4:44am Sep 21, 2014 4:44am
Quoting rostaus
Hi everyone, I've been looking for the trend cycle indi, I've read its on page one, can anyone point me in the right direction. Thanks

Hi rostaus,

You need to use the search options, top left, or use the Paperclip Icon, top right of thread. Took me less than a 45 seconds to find.
Attached Image (click to enlarge)
Click to Enlarge Name: 21st Sept 14 Searching Thread.png Size: 87 KB
  • #4,460
  • Sep 21, 2014 5:20am Sep 21, 2014 5:20am
Hi Stevepatt,
Have been following your posts and have my charts set up similar to yours, I wonder if you could explain what you look at that would make you exit a trade before your t/p has been hit, reasons for closing the trade early etc.. How do you determine initial t/p and s/l. Do you find all the ADXs you now have on your chart help in your decision to enter trades? Sorry for all the questions.
Kind Regards
Geoff
2 traders viewing now