Hotpotato What is your TF seems 1hr is too fast Might be better to 4H TF or D1
- #2,062
- May 8, 2015 1:00am May 8, 2015 1:00am
- | Commercial User | Joined Nov 2013 | 4,947 Posts
info@metacharttools,com
- #2,065
- May 8, 2015 1:39am May 8, 2015 1:39am
- | Commercial User | Joined Nov 2013 | 4,947 Posts
info@metacharttools,com
- #2,069
- May 8, 2015 2:02am May 8, 2015 2:02am
- | Commercial User | Joined Nov 2013 | 4,947 Posts
info@metacharttools,com
{quote} Thanks for releasing mq4 format, I've just added: {quote} http://www.myfxbook.com/members/getting/ffd-v4/1238914
But, Can you attach your setting please.
Thank you
Stay hungry to be free...
{quote} that is the essence of the dashboard, it shows you what is strong and what is weak, and you buy the strong against the weak, simple. If the dash is showing you that CAD is strong and CHF is strong then why would you now buy CADCHF for Christ's sake? it is one thing to have a comprehensive dashboard, to process the info before you and apply it correctly is another thing. kos
- #2,076
- May 8, 2015 7:19am May 8, 2015 7:19am
{quote} Yes, but this is the problem, based on the calculations and indicators used to signal strength. A currency that is strong in a few seconds may be weak, or vice versa, therefore, any entry is completely random-...
{quote} Chavez does have a point. Given the calculation of the strength formulas, you can, at times, find yourself entering at the top or bottom of a given range. Granted, usually you can still extract a few points out of a move just based on the momentum, the potential to fall into a trap still exists. That's why I put in an RSI filter for my strength formulas. It, at the very least, helps you filter out those "buying at the top" and "selling at the bottom" scenarios. {image}
I'll have a look
Hi Bilstein
Looks promising! Good idea to add filter !
Many times the strength signals appears at the same level as the last highest or lowest candle, so its difficult to enter for a positive trade
Looks promising! Good idea to add filter !
Many times the strength signals appears at the same level as the last highest or lowest candle, so its difficult to enter for a positive trade
{quote} Chavez does have a point. Given the calculation of the strength formulas, you can, at times, find yourself entering at the top or bottom of a given range. Granted, usually you can still extract a few points out of a move just based on the momentum, the potential to fall into a trap still exists. That's why I put in an RSI filter for my strength formulas. It, at the very least, helps you filter out those "buying at the top" and "selling at the bottom" scenarios. {image}
{quote} I saw 2 fakes this morning in Tokyo between 8 - 9 on AUD & EUR. I said to myself wait until 10 - 11, you will get your chance there. And be sure to close basket prior to Tokyo lunch time! Most of the time we can see nice moves in this specific time! What next? Set it and forget it. I have set a TP & SL for the entire basket, that's all.Jibala
I'm having trouble to detect FAKES. Can you show me what you used to avoid the fakes?
Thx.
Keep learning while you are alive!