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MADdash (Moving Average Distance)

  • #161
  • Edited 9:48pm Jun 24, 2015 9:09am | Edited 9:48pm
Quoting idiamond
{quote} Hi Verve, What do you mean about "adding every pair"? Does this have something to do with the Global Variables? Do I need to add new Global Variables manually myself? Also still don't know how to create a "blank chart". When I select "New Chart" I have to select a currency pair. I have deleted all other copies of MADdash except for the version in post #85 as you mentioned. Suspect my broker does not supply all pairs needed. Wish the .mq4 was available to help debug.
Click on Market Watch.... all 28 pairs must show (MORE is ok); if all 28 do not show add them.
Attached Image (click to enlarge)
Click to Enlarge Name: mktwtch.jpg Size: 99 KB



** to 'blank' a chart: open a non-28 chart (USDHKD, USDHUF, etc. , tf not important)
go to properties>colors and 'black' every choice. (make a template of it, you'll use it again )

then, Drag the MADdash onto the 'blank' chart (not one of the 28 pair).
Everything should work.
"You Never Know.....Until You Find Out."
  • #162
  • Jun 24, 2015 9:19am Jun 24, 2015 9:19am
If you right click in marketwatch, then click "Show All", every pair that your platform supports will be shown.

Any pairs missing or wrong way round, the indicator will not work.

The forex pairs that the indicator requires are shown below:

Attached Image
It never gets easier, you just get better
  • #163
  • Edited Jun 25, 2015 12:20am Jun 24, 2015 8:51pm | Edited Jun 25, 2015 12:20am
@ 919gilead
from your posts and experience w/ the dash
this is what I see you are saying... and what you wait for:
Bounces.
As well timed entry points off your MA line... the 15m especially...
You monitor/wait for the 1M and 5M to align, then enter... factoring in a block of Red bricks vs. a Green block of bricks.

Zero's are your 'potential' Bounces... that gave me an idea.

What would you think about something like this as a 'silent' alert setup?
One simple click to then analyze each possible bounce; every potential entry point.
They SHOULD act (at least) as resistance points for the price action... If they don't, it might help to us analyze and 'sharpen' our MA choices.
A sudden 'column/flurry' of them appearing within a certain group would alert us to a possible anchor pivot shift as well.
The 'lack' of them tells a story too.

Attached Image (click to enlarge)
Click to Enlarge Name: bounces.png Size: 61 KB
"You Never Know.....Until You Find Out."
  • #164
  • Jun 24, 2015 10:26pm Jun 24, 2015 10:26pm
Ok, thanks for the answers. Looks like my broker supports all of these pairs except NZDCAD.

  • #165
  • Jun 25, 2015 1:17am Jun 25, 2015 1:17am
Quoting goldenequity
@ 919gilead from your posts and experience w/ the dash this is what I see you are saying... and what you wait for: Bounces. As well timed entry points off your MA line... the 15m especially... You monitor/wait for the 1M and 5M to align, then enter... factoring in a block of Red bricks vs. a Green block of bricks. Zero's are your 'potential' Bounces... that gave me an idea. What would you think about something like this as a 'silent' alert setup? One simple click to then analyze each possible bounce; every potential entry point. They SHOULD act...

You get the point but I don't agree with your silent alert setup or maybe it is too complicated for me and therefore don't understand it.

This is what I see on your dashboard
Attached Image (click to enlarge)
Click to Enlarge Name: GoldenEquity1.gif Size: 75 KB

Strong groups showing consistent bullish strength - 1, 2 & 3
Weak group(s) showing consistent bearish weakness - 4

The summary @ A & B confirm this too, and the Alert shows only 2 of them. I am looking for something to give me a slight edge and therefore interested ONLY in matching the strongest with weakest - the strongest is NZD and the weakest is GBP as per the chart below. I looked at the time stamp of your posting and this was about 5 hours ago and about where the chart should be when you took the screenshot, if I am right
Attached Image (click to enlarge)
Click to Enlarge Name: GN Trade Setup 1 - 6242015.gif Size: 50 KB

I don't know how an alert could have capture this and this is why I eyeball the dashboard myself

If you did not see this early enough, chances are that one will miss it but if you start to monitor groups that are showing up in the top 3 and bottom 3 of M5 and M15 of the summary, and match them and quickly scan the charts, chances are you will identify a potential trade early and put an alarm @ possible breakout level, and when the M1 recycles into the M5 and M15, you will not miss out.

Shalom , and good night.
Low Risk Low Stress High Reward High Probability Trades
  • #166
  • Jun 25, 2015 2:43am Jun 25, 2015 2:43am
Attached Image (click to enlarge)
Click to Enlarge Name: MADdash 1230 am pst - 6252015.gif Size: 102 KB

Let every watcher of this thread and user of the MADdash note that this is a live example of what I am talking about - M5 and M15, and for some to H1 going in the same direction but M1 trend diverging from the HTFs. I have set an alert @ possible breakout point on one of the pairs that I am watching, and this alert has been hit 3ice but price has not broken above it. Price is also above my MA channel. It is a long setup and all I am waiting for is a confirmation from the dashboard and for price to break above the daily open line and DPV, as these levels seem to be acting as resistance right now. Strength and weakness will breakthrough them like a piece of cake; otherwise I stand on the sidelines and watch.

Trading requires the discipline of a soldier and the patience of a saint

Shalom
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  • #167
  • Jun 25, 2015 3:09am Jun 25, 2015 3:09am
And about 30 minutes after I took the screenshot, this is the latest dashboard, and you can check the charts of the possible combinations.
Attached Image (click to enlarge)
Click to Enlarge Name: MADdash 106 am pst - 6252015.gif Size: 104 KB


Shalom and good night from this side of the world
Low Risk Low Stress High Reward High Probability Trades
  • #168
  • Jun 25, 2015 7:14am Jun 25, 2015 7:14am
now, dollar show time ( Unemployment Claims )
Attached Image (click to enlarge)
Click to Enlarge Name: dolares.jpg Size: 218 KB
  • #169
  • Edited 9:14am Jun 25, 2015 8:46am | Edited 9:14am
Quoting 919gilead
{quote} You get the point but I don't agree with your silent alert setup or maybe it is too complicated for me and therefore don't understand it. This is what I see on your dashboard {image} Strong groups showing consistent bullish strength - 1, 2 & 3 Weak group(s) showing consistent bearish weakness - 4 The summary @ A & B confirm this too, and the Alert shows only 2 of them. I am looking for something to give me a slight edge and therefore interested ONLY in matching the strongest with weakest - the strongest is NZD and the weakest is GBP as per...
Thanks for the extended response gilead Your strategy is solid.
Because I have been using this concept for several days (not instead of) but ALONG w/ what you are saying...
I remain convinced of its merit and recommend trying it.
I would like some feedback from you/anyone/everyone after trying it.
Keep watching for and click on some zeros regularly.
I don't think its my imagination.
Cheers,
G.
►Watch for/ click on some zeros regularly on 1,5 and 15m and see if it gives an edge/benefit to your entry timing.
If a highlight on the zeros could be coded in to the indicator version... it would make this testing a LOT easier.
"You Never Know.....Until You Find Out."
  • #170
  • Jun 25, 2015 10:16am Jun 25, 2015 10:16am
Nice Thread. Would not be better if the EA trade on its own rather than just showing alerts.

That would be great.
  • #171
  • Jun 25, 2015 8:08pm Jun 25, 2015 8:08pm
Quoting goldenequity
{quote} Thanks for the extended response gilead Your strategy is solid. Because I have been using this concept for several days (not instead of) but ALONG w/ what you are saying... I remain convinced of its merit and recommend trying it. I would like some feedback from you/anyone/everyone after trying it. Keep watching for and click on some zeros regularly. I don't think its my imagination. Cheers, G. ►Watch for/ click on some zeros regularly on 1,5 and 15m and see if it gives an edge/benefit to your entry timing. If a highlight on the...

Will observe it, especially from my daily screenshots and see how it works :nerd:
Low Risk Low Stress High Reward High Probability Trades
  • #172
  • Jun 25, 2015 8:23pm Jun 25, 2015 8:23pm
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Trade 1 - 6252015.gif Size: 47 KB

What would you have done with this kind of trade, pull your hair out The setup was screaming a possible reversal and it did; then I entered; then I told myself that this was unnecessary CT trade and against my rules. So I closed it and went to bed. I just got back from work and was reviewing the charts when I saw it and I screamed 60 pips in one minute candle
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  • #173
  • Jun 25, 2015 10:54pm Jun 25, 2015 10:54pm
Well done on creating the MADdash. (Honestknave & 919gilead).
I have subscribed to the thread. It looks very promising.
I do trade larger TF's, but I'm making adjustments (MA's etc) and we'll see how the MADdash goes.
MADdash.....great name by the way.
Congrats on the effort as well.
Cheers
Beermano
  • #174
  • Jun 26, 2015 5:32am Jun 26, 2015 5:32am
Quoting 919gilead
{image} Let every watcher of this thread and user of the MADdash note that this is a live example of what I am talking about - M5 and M15, and for some to H1 going in the same direction but M1 trend diverging from the HTFs. I have set an alert @ possible breakout point on one of the pairs that I am watching, and this alert has been hit 3ice but price has not broken above it. Price is also above my MA channel. It is a long setup and all I am waiting for is a confirmation from the dashboard and for price to break above the daily open line and DPV,...
Hi 919gilead,

can please explain deeper what is your strategy on divergence on M1?
  • #175
  • Jun 26, 2015 11:46am Jun 26, 2015 11:46am
One thing i thought of adding: Edit the indicator to 20 seconds, instead of the current 1 second. This will lower cpu usage and really does one need to see the change of variables every second.
To change this, go to indicators, edit the maddash and scroll down to 1000 ms change to 20000
  • #176
  • Jun 26, 2015 11:51am Jun 26, 2015 11:51am
I had two wins yesterday gbpchf and eurchf, i like the indy thanks again. will put more effort into this in the coming weeks
  • #177
  • Jun 26, 2015 5:53pm Jun 26, 2015 5:53pm
Quoting Beermano
Well done on creating the MADdash. (Honestknave & 919gilead). I have subscribed to the thread. It looks very promising. I do trade larger TF's, but I'm making adjustments (MA's etc) and we'll see how the MADdash goes. MADdash.....great name by the way. Congrats on the effort as well. Cheers Beermano
You're welcome Beermano, and hope you find some use for it on the HTF as you can change the default TFs.

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #178
  • Jun 26, 2015 6:01pm Jun 26, 2015 6:01pm
Quoting 919gilead
{image} Let every watcher of this thread and user of the MADdash note that this is a live example of what I am talking about - M5 and M15, and for some to H1 going in the same direction but M1 trend diverging from the HTFs. I have set an alert @ possible breakout point on one of the pairs that I am watching, and this alert has been hit 3ice but price has not broken above it. Price is also above my MA channel. It is a long setup and all I am waiting for is a confirmation from the dashboard and for price to break above the daily open line and DPV,...

Quoting alop
{quote} Hi 919gilead, can please explain deeper what is your strategy on divergence on M1?
Hi Alop,

The divergence I was referring to is when M1 is not moving in the same direction as the HTF - M5 and M15 or higher, and sometimes, it will be both M1 and M5 that will be moving against M15, M30 & H1. This is reflecting pullback from the original trend, as price is moving on the LTF against the HTF trend. Initially we don't know whether this is a pullback or change of trend. This is why everybody must have their own system and can check the chart for what it is saying. Trust this clarifies it.

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #179
  • Jun 26, 2015 6:04pm Jun 26, 2015 6:04pm
Attached Image
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  • #180
  • Edited Jun 27, 2015 8:57am Jun 26, 2015 7:34pm | Edited Jun 27, 2015 8:57am
"You Never Know.....Until You Find Out."
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