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Nihilist Forex Indicators

  • #4,481
  • Edited 11:01am Sep 22, 2014 10:50am | Edited 11:01am
Quoting stevepatt
{quote} Returns in pips don't really mean a lot. It's the size of the stop loss, in pips, that puts the take profit pips into perspective. I always show results by the R value first then the pip value. To get the R value divide the TP pips by the SL pips this gives you the R value.
=======
thats true Steve , we all Very much appreciate ur Charts + Xplanations + ur time = Nihilist + U R da Best in this room 4sure m8 --- imho !
  • #4,482
  • Sep 22, 2014 10:56am Sep 22, 2014 10:56am
Quoting stevepatt
{quote} Returns in pips don't really mean a lot. It's the size of the stop loss, in pips, that puts the take profit pips into perspective. I always show results by the R value first then the pip value. To get the R value divide the TP pips by the SL pips this gives you the R value.
SL would have been below the PCRF, it was small position to i let it run w/o sl but cont monitoring the trade.
  • #4,483
  • Sep 22, 2014 11:08am Sep 22, 2014 11:08am
Quoting smartearn
{quote} thanks for the chart and the explanation you made.Sorry how do you do the repainting issue of the Nihilist ultra trend indicator .
Hi smartearn,

As Nihilist has said, at the time the Ultra Trend Indicator gives a signal it's relevant to the market at that time.

If the market doesn't move as expected the Ultra Trend Indicator can "re-paint"

The indicator I rely most is my eyes if I can see the pullback/rally in the trend that's my trigger.

The indicator just confirms what I see.

Never allow an indicator to over rule what you are seeing, if what you are seeing is unclear don't trade.
  • #4,484
  • Sep 22, 2014 11:08am Sep 22, 2014 11:08am
Quoting pundit78
{quote} SL would have been below the PCRF, it was small position to i let it run w/o sl but cont monitoring the trade.
=======
im 2 ask ,but i hav 2 ask = what means PCRF ?
  • #4,485
  • Sep 22, 2014 11:10am Sep 22, 2014 11:10am
Nihilist

the indicator nihilist ultra adx dash mtf v2
its possible have a alert?
  • #4,486
  • Sep 22, 2014 11:15am Sep 22, 2014 11:15am
Quoting pips777
{quote} ======= im 2 ask ,but i hav 2 ask = what means PCRF ?
Its Pullback candle reverse formation, introduced to us by legend PHx62.

http://www.forexfactory.com/showthre...rf#post7748843
  • #4,487
  • Sep 22, 2014 11:28am Sep 22, 2014 11:28am
Quoting pundit78
{quote} Its Pullback candle reverse formation, introduced to us by legend PHx62. http://www.forexfactory.com/showthre...rf#post7748843
=======
thanks so Much bro = everyday sumetin NEW 2 learn --- no End 2 it
  • #4,488
  • Sep 22, 2014 11:34am Sep 22, 2014 11:34am
EUR/JPY D1

Didn't go completely to plan
Attached Image (click to enlarge)
Click to Enlarge Name: 22nd Sept 14 EUR:JPY D1 Chart.png Size: 147 KB
  • #4,489
  • Sep 22, 2014 11:39am Sep 22, 2014 11:39am
Quoting stevepatt
EUR/JPY D1 Didn't go completely to plan {image}
=======
risk 62 N gained 62 pips right ? RR 1:1
  • #4,490
  • Sep 22, 2014 11:45am Sep 22, 2014 11:45am
Quoting pips777
{quote} ======= risk 62 N gained 62 pips right ? RR 1:1
That's right, PA not looking good didn't want to risk it falling back further.

If it does continues to up, after all, and I get the PA I can enter long again.
  • #4,491
  • Edited 12:29pm Sep 22, 2014 11:50am | Edited 12:29pm
Steve , when u use higher then .1 lot --- will ur dealer aka broker know or u'll hide this from them ?
also when u enter a trade in Daily then ur TP has 2 B at least 300 pips N SL 100 pips ? ! ?
TIA 4 ur response ! i start 2 like tradin in higher TF , no more fking babySittin da trades so much anyMore 4sure

i mean AIM for 300 pips right ?
  • #4,492
  • Sep 22, 2014 12:50pm Sep 22, 2014 12:50pm
Quoting pips777
Steve , when u use higher then .1 lot --- will ur dealer aka broker know or u'll hide this from them ? also when u enter a trade in Daily then ur TP has 2 B at least 300 pips N SL 100 pips ? ! ? TIA 4 ur response ! i start 2 like tradin in higher TF , no more fking babySittin da trades so much anyMore 4sure i mean AIM for 300 pips right ?

Hi pips777,

I don't think there's is anyway I can hide how many lots I'm trading with from my broker.

I only risk 0.25% on each trade because I don't know how many losing trades in a row I can expect from my trading.

Until I know how many losers I can expect how do I know how much to risk?

By only risking 0.25% per trade I can have 20 losers in a row and expect a Draw Down (DD) in the region of 5%.

By risking 1% my DD would be in the region of 20%, risking 2% per trade in the region of 40%

If I had 20 losers in a row and had a DD of 40% I don't think I could keep pulling the trigger.

In this Post 3,595 there's a video by Nick Radge all about risk tolerance.

My average SL is 80 pips I want to see enough room ahead of me to make at least 1R before hitting support/resistance ect.

I usually target a significant swing point for my TP.
  • #4,493
  • Sep 22, 2014 1:07pm Sep 22, 2014 1:07pm
Quoting stevepatt
{quote} Hi pips777, I don't think there's is anyway I can hide how many lots I'm trading with from my broker. I only risk 0.25% on each trade because I don't know how many losing trades in a row I can expect from my trading. Until I know how many losers I can expect how do I know how much to risk? By only risking 0.25% per trade I can have 20 losers in a row and expect a Draw Down (DD) in the region of 5%. By risking 1% my DD would be in the region of 20%, risking 2% per trade in the region of 40% If I had 20 losers in a row and had a DD of 40%...
=======
my Bad , i meant hide ur SL from ur dealer = thanks Steve 4 ur response N i better take a pwr Nap now
  • #4,494
  • Sep 22, 2014 1:17pm Sep 22, 2014 1:17pm
Quoting pips777
{quote} ======= my Bad , i meant hide ur SL from ur dealer = thanks Steve 4 ur response N i better take a pwr Nap now

Hi pips777,

The trade manager EA, I use, can hide my SL and TP from my broker which I do.

Like, I've said before trading becomes a lot easier once you know how you want to trade, once you have that, you can ignore the things you find unimportant and just concentrate on what has significance to you.

Enjoy your power nap.
  • #4,495
  • Sep 22, 2014 1:37pm Sep 22, 2014 1:37pm
Quoting stevepatt
{quote} Hi pips777, The trade manager EA, I use, can hide my SL and TP from my broker which I do. Like, I've said before trading becomes a lot easier once you know how you want to trade, once you have that, you can ignore the things you find unimportant and just concentrate on what has significance to you. Enjoy your power nap.
How can you use a trade managing EA when trading from daily charts? Do you really keep your computer and terminal open all the time?
  • #4,496
  • Sep 22, 2014 1:45pm Sep 22, 2014 1:45pm
Quoting Indrek
{quote} How can you use a trade managing EA when trading from daily charts? Do you really keep your computer and terminal open all the time?
Hi Indrek,

If I have a trade running my computer is always on.

I trade using a Mac with Parallels to run Windows it's the most stable trading platform I've ever had.

I can shut down over the weekend to load updates on the Windows side of things the Mac uploads updates without having to re-start the computer.
  • #4,497
  • Sep 22, 2014 1:49pm Sep 22, 2014 1:49pm
Quoting stevepatt
{quote} Hi Indrek, If I have a trade running my computer is always on. I trade using a Mac with Parallels to run Windows it's the most stable trading platform I've ever had. I can shut down over the weekend to load updates on the Windows side of things the Mac uploads updates without having to re-start the computer.
Ok, I never did anything like that. When trading from daily chart, I open my terminal for 10 minutes right before new candle opens. On H4 it is 10 minutes after every 4 hours. Set-and-forget is best for me.
  • #4,498
  • Sep 22, 2014 3:13pm Sep 22, 2014 3:13pm
Quoting stevepatt
{quote} Hi smartearn, As Nihilist has said, at the time the Ultra Trend Indicator gives a signal it's relevant to the market at that time. If the market doesn't move as expected the Ultra Trend Indicator can "re-paint" The indicator I rely most is my eyes if I can see the pullback/rally in the trend that's my trigger. The indicator just confirms what I see. Never allow an indicator to over rule what you are seeing, if what you are seeing is unclear don't trade.

thank you very much for the reply.i really appreciate it .
  • #4,499
  • Sep 22, 2014 7:16pm Sep 22, 2014 7:16pm
Quoting stevepatt
{quote} Hi Indrek, If I have a trade running my computer is always on. I trade using a Mac with Parallels to run Windows it's the most stable trading platform I've ever had. I can shut down over the weekend to load updates on the Windows side of things the Mac uploads updates without having to re-start the computer.
Good to know you're also a Mac user!
I use Crossover to run MT4 partly beacuse it's lighter than virtual machine and partly beacuse i don't want to pay any penny to Micro$oft. Believe or not, MT4 running on my Mac is much more stable than PC version. My MT4 installed on multiple Windows 7 machines have had various problems so far. Windows is really sucks and unpredictable.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #4,500
  • Sep 23, 2014 2:44am Sep 23, 2014 2:44am
hi nihilist:
can you give me nihilist ultra trend mq4,I want to write an EA.your indicator is very useful to me.
thank you very much!
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