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Attachments: divergence system, seems good, but needs some help
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divergence system, seems good, but needs some help

  • Post #1
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  • First Post: Dec 25, 2014 7:38am Dec 25, 2014 7:38am
  •  makototokyo
  • | Joined Jul 2012 | Status: Member | 17 Posts
I looked for divergence indicators and found this one called rsx nrp reg histo_mtf+divergence nmc attached below. i put it on 1min chart, default settings. then put MA angle alert, also below on 30min chart to decide the trend. I set it to SMMA, and period 50.

entry is,
when SMMA turns bull, look at 1min chart, and wait for RSX shows buy signal(up arrow). SL is 7(including spread) then take profit is 40.
when SMMA turns bear, look at 1min chart and wait for RSX shows sell signal(down arrow). SL and TP is the same.

I looked at chart from mid october 2014 and it seems to make good profit.
but from the end of oct or to beginning of november, it makes a lot of SL because on 30min chart, it's a bit range market and makes a lot of stop losses.

but, expect that time, it seems to make good profits. I know it's very simple but I just don't know how to add more filters to this.

take a look at it, I think you may like the result you see while it makes good profit.. I like this divergence indicator because I can set small stop loss and set big take profit.
I think it could make around 200pips a month or more, but I need help to make it work when it's in range market.
hope some people here can get inspiration or something from this.
your feedback is greatly appreciated! thank you.
Merry Christmas.
Attached Files
File Type: mq4 rsx nrp reg histo_mtf+divergence nmc.mq4   17 KB | 587 downloads
File Type: mq4 MA_Angle_Alert (2).mq4   9 KB | 442 downloads
  • Post #2
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  • Dec 25, 2014 3:12pm Dec 25, 2014 3:12pm
  •  fxpro123
  • | Joined Sep 2010 | Status: Member | 20 Posts
http://assets.forexfactory.net/images/attach/mq4.gif MA_Angle_Alert (2).mq4 -No Work!
 
 
  • Post #3
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  • Edited at 7:41pm Dec 25, 2014 6:35pm | Edited at 7:41pm
  •  cja
  • Joined Feb 2007 | Status: Member | 1,836 Posts
Attached File
File Type: mq4 MA_Angle_Alert nmc.mq4   9 KB | 553 downloads

Attached Image (click to enlarge)
Click to Enlarge

Name: MA.png
Size: 36 KB
Trade what you see not what you hope
 
 
  • Post #4
  • Quote
  • Dec 26, 2014 3:13am Dec 26, 2014 3:13am
  •  fxpro123
  • | Joined Sep 2010 | Status: Member | 20 Posts
http://assets.forexfactory.net/images/attach/mq4.gif MA_Angle_Alert nmc.mq4 -this works. Thanks cja!
 
 
  • Post #5
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  • Dec 26, 2014 3:20am Dec 26, 2014 3:20am
  •  fxpro123
  • | Joined Sep 2010 | Status: Member | 20 Posts
Quoting makototokyo
Disliked
I looked for divergence indicators and found this one called rsx nrp reg histo_mtf+divergence nmc attached below. i put it on 1min chart, default settings. then put MA angle alert, also below on 30min chart to decide the trend. I set it to SMMA, and period 50. entry is, when SMMA turns bull, look at 1min chart, and wait for RSX shows buy signal(up arrow). SL is 7(including spread) then take profit is 40. when SMMA turns bear, look at 1min chart and wait for RSX shows sell signal(down arrow). SL and TP is the same. I looked at chart from mid october...
Ignored
Hi makototokyo! Please put up a picture of the chart.
 
 
  • Post #6
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  • Dec 26, 2014 3:53am Dec 26, 2014 3:53am
  •  The Wizard
  • | Joined Jun 2012 | Status: Member | 61 Posts
In range market you have to be very careful as small SL do not work and you will be chasing your tail most of the time. The best divergence strategy is when you are able to spot a reversal and use the divergence as a confirmation for such reversal ...coupled with ABCD pattern or even Elliott wave and you are all set to bag some nice pips .
Good Luck
 
 
  • Post #7
  • Quote
  • Edited at 10:22am Dec 26, 2014 8:44am | Edited at 10:22am
  •  makototokyo
  • | Joined Jul 2012 | Status: Member | 17 Posts
thank you guys for your replies.
ok, now I'm making the picture to explain how I do it.
The Wizard, yeah, granville and Elliott wave thing. is there a link that explains how to use those with divergence together?

by the way I forgot to tell, when you enter bull market and if it hits 40pips take profit, you don't enter again until the angle shows bear.
so, once you get 40pips profit by buying, the next entry will be sell. you don't try to re enter in the same direction again.

and, once it becomes 10pips plus, you move the stop loss to break even.
Attached Image (click to enlarge)
Click to Enlarge

Name: divergence strategy.png
Size: 489 KB
 
 
  • Post #8
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  • Edited at 10:21am Dec 26, 2014 9:38am | Edited at 10:21am
  •  makototokyo
  • | Joined Jul 2012 | Status: Member | 17 Posts
ok here it is. it shows only short term examples, I think it's easier for you to see if you just apply those indicators on your mt4 and look at it yourself.
it's from 2014, october 24th to the end of october.

in this time there is only 4stop losses, which is
-7pips times 4= -28pips
two success trades, 40pips times 2 = 80 pips
-28 + 80 = +52pips a week.

it's about for a week result and it may not be long enough to see if it's good or not, if you see longer term example, you will see that it's not so bad

update : I attached result from oct. 3rd to nov. 6th. maxp = max profit DD=drawdown(largest negative pips in the trade)
it is to see what stop loss I should set and what take profit I should set.
I should be able to make about 280 pips in october. but from nov. 7th to 13th, lots of stop losses where I meet the difficulty.
Attached Image (click to enlarge)
Click to Enlarge

Name: result.png
Size: 19 KB
 
 
  • Post #9
  • Quote
  • Dec 28, 2014 4:59am Dec 28, 2014 4:59am
  •  Filipson
  • | Joined Jun 2014 | Status: Member | 10 Posts
Can you please explain to me why does divergence happens anyway. Looking at the formulas of some of the indicators it has no sense for me..
 
 
  • Post #10
  • Quote
  • Dec 29, 2014 6:12am Dec 29, 2014 6:12am
  •  makototokyo
  • | Joined Jul 2012 | Status: Member | 17 Posts
Quoting Filipson
Disliked
Can you please explain to me why does divergence happens anyway. Looking at the formulas of some of the indicators it has no sense for me..
Ignored
well I don't know myself but important thing here is that we learn how to use it. it's like you don't know why wifi works but you know how to use it well, ha

btw maybe long period MACD may work better than MA angle so let me take a look.
 
 
  • Post #11
  • Quote
  • Last Post: Jan 30, 2015 8:11am Jan 30, 2015 8:11am
  •  makototokyo
  • | Joined Jul 2012 | Status: Member | 17 Posts
any ideas, fellow members...??
it shouldn't be so hard, I should be there soon to make this strategy right. what's needed?
I think sometimes it keeps hitting SL because the divergence signal occurs when the trend is reversing so, adding some trend follow indicator or method should make it better..
or maybe I should wait until the trend occurs, like waiting for price to hit bollinger band or MA envelop..?
isn't there anyone with ideas.
 
 
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