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MADdash (Moving Average Distance)

  • #261
  • Jun 29, 2015 3:31pm Jun 29, 2015 3:31pm
Quoting darko2010
Congats to honestknave and 919gilead, I have been trading with a similar approach for the last 5 years and it does wonders although you need additional indicators depending on your own TF preferences to enter/exit trades
Hi Darko2010

would you please give us more details about the indicators that you use for 1M, 5M and 15M?

Thanks
  • #262
  • Jun 29, 2015 3:38pm Jun 29, 2015 3:38pm
Quoting francisakz
please guys lets talk about the best profitable setting for this indi
Put different MAs on your chart and see which is more profitable on different TFs, and plug that MA into the dashboard, and away you go. It's a tool to DIY

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #263
  • Jun 29, 2015 3:44pm Jun 29, 2015 3:44pm
Quoting darko2010
Congats to honestknave and 919gilead, I have been trading with a similar approach for the last 5 years and it does wonders although you need additional indicators depending on your own TF preferences to enter/exit trades
Thanks darko2010. Green pips
  • #264
  • Jun 29, 2015 4:11pm Jun 29, 2015 4:11pm
Quoting darko2010
Congats to honestknave and 919gilead, I have been trading with a similar approach for the last 5 years and it does wonders although you need additional indicators depending on your own TF preferences to enter/exit trades

Thanks Darko2010. I also use the LCSM & csDash as additional filter
Low Risk Low Stress High Reward High Probability Trades
  • #265
  • Jun 29, 2015 8:37pm Jun 29, 2015 8:37pm
@honestknave

I am pleased to let you know that your latest fix works perfectly. MADdash autodetected my broker's suffix; displays pips on EurNok (and others); and still works in manual mode as well.

Thank you sir for a job well done, and for your continuing generousity to this community!

Now, take some time to trade for yourself for a change!

Dial
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  • #266
  • Jun 29, 2015 9:49pm Jun 29, 2015 9:49pm
I was wondering if we could use the same tf but different MA would that provide profitable signals ???

I understand when I use different TFs same MA settings for my case EMA 30 , the entry would already be half way down as MA is lagging. Of cos , if I were to go down a few timeframes and find a precision entry that will work nicely. But if this was the case , I am also wondering since its already half way down the trend on the bigger tf , are we still able to exploit the first half also ? As a normal MA move would present the opportunity of the first half too .......

Sorry still very new to this dashboard strategy
Attached Image(s) (click to enlarge)
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  • #267
  • Jun 29, 2015 11:22pm Jun 29, 2015 11:22pm
Quoting honestknave
{quote} Hello zohaib, I'm sorry you are having problems loading MADdash. Please follow the steps I posted here and here and then let me know if that sorts your problem.
Thank you it worked for me now. I think problem was with indicators name as mentioned by some one above.
  • #268
  • Jun 30, 2015 1:29am Jun 30, 2015 1:29am
Quoting diallist
@honestknave I am pleased to let you know that your latest fix works perfectly. MADdash autodetected my broker's suffix; displays pips on EurNok (and others); and still works in manual mode as well. Thank you sir for a job well done, and for your continuing generousity to this community! Now, take some time to trade for yourself for a change! Dial
Thank you diallist, and thank you once again for spotting the bug.
  • #269
  • Jun 30, 2015 1:29am Jun 30, 2015 1:29am
Quoting zohaib
{quote} Thank you it worked for me now. I think problem was with indicators name as mentioned by some one above.
Excellent
  • #270
  • Jun 30, 2015 2:31am Jun 30, 2015 2:31am
Quoting MarkChew
I was wondering if we could use the same tf but different MA would that provide profitable signals ??? I understand when I use different TFs same MA settings for my case EMA 30 , the entry would already be half way down as MA is lagging. Of cos , if I were to go down a few timeframes and find a precision entry that will work nicely. But if this was the case , I am also wondering since its already half way down the trend on the bigger tf , are we still able to exploit the first half also ? As a normal MA move would present the opportunity of the...
I will refer you back to post 4

Quoting 919gilead
A lot of traders have this wrong impression (IMHO) that moving averages lag. While this is true, we forget that nothing moves in a straight line, and every price movement must rest and retrace, during which it falls behind its moving average before continuing its original trend movement. This is the area or point of interest to me, where I turn a lagging indicator into a leading one as shown in the example below.
It is the same thing with the MADdash. I focus on the M5 to M30 time frames and wait for the M1 to diverge from them, which signifies...
Attached Image (click to enlarge)
Click to Enlarge Name: Example 1.gif Size: 34 KB


Also see posts 166 and 167.

If there was a system that will give you 100% accurate entry without some efforts on your part, every trader will be a "trillionaire." The reason most traders don't succeed is not the trading system or tool but the patience and discipline to identify the right setup and wait patiently for it. We don't have to trade every day - just wait for the right setup and when you find it, trade it excellently.

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #271
  • Jun 30, 2015 2:36am Jun 30, 2015 2:36am
Andrew,

Excellent piece of work and thank you very much for sharing it with us all. You are a very generous person.

Just one question: On my screen the Dashboard gets cut-off on both sides (does not fit onto my screen). Is there a way to re-size it. I tried but could not find a solution.

Thank you

Attached Image (click to enlarge)
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  • #272
  • Jun 30, 2015 2:38am Jun 30, 2015 2:38am
Quoting mor707
Andrew, Excellent piece of work and thank you very much for sharing it with us all. You are a very generous person. Just one question: On my screen the Dashboard gets cut-off on both sides (does not fit onto my screen). Is there a way to re-size it. I tried but could not find a solution. Thank you {image}
Hello mor707,

Thanks for your positive feedback. Please change the font size to a smaller number and everything else will be resized too:
Attached Image (click to enlarge)
Click to Enlarge Name: font size.png Size: 40 KB
  • #273
  • Jun 30, 2015 2:44am Jun 30, 2015 2:44am
Quoting honestknave
{quote} Hello mor707, Thanks for your positive feedback. Please change the font size to a smaller number and everything else will be resized too: {image}
Sorry,

I am a blind idiot . I totally missed that within the settings. Thanks for guiding the blind
  • #274
  • Edited 3:05am Jun 30, 2015 2:48am | Edited 3:05am
Take the example of the CHFJPY - the CHF group has been the weakest throughout the Asian session and it is very likely that by the time we see the signal, it is too late to enter. Then what do we do - WAIT FOR PULLBACK, WAIT FOR PULLBACK, WAIT FOR PULLBACK - simple, and join the trend when it continues. Attached is the current price and even in that we could have made 20 pips in less than 20 minutes (actually 3 minutes) but you waited how long before that happened!!! This is what most traders don't have and unfortunately this is what will make the difference in our trading.

Attached Image (click to enlarge)
Click to Enlarge Name: CHF Trade Setup 1 - 6302015.gif Size: 59 KB


Trading requires work and concentration, now I need to concentrate on my trading.

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #275
  • Jun 30, 2015 2:50am Jun 30, 2015 2:50am
Quoting mor707
{quote} Sorry, I am a blind idiot . I totally missed that within the settings. Thanks for guiding the blind
No problem at all - there are quite a few settings mixed up in there. Let me know if you have any more problems
  • #276
  • Jun 30, 2015 4:46am Jun 30, 2015 4:46am
Quoting honestknave
{quote} Thanks George In again short on EURUSD. The news reaction is over having pushed price into the golden zone (just). Backed up with structure, a minor RN plus overextension of a smaller-scale AB=CD. {image}
Always a pleasure Captain. Can't comment on your trade as I trade a completely different system. I agree to the short but will wait until break of the DPV which will also bring price below my MTF MA channel. Just MHO

Attached Image (click to enlarge)
Click to Enlarge Name: EU Trade Setup 2 - 6302015.gif Size: 52 KB

Attached Image

And EUR group is no longer weak, at least for now.

Shalom

NB
Posting chart here, as it will be rude to post a completely different system on another thread.
Low Risk Low Stress High Reward High Probability Trades
  • #277
  • Jun 30, 2015 4:51am Jun 30, 2015 4:51am
Hi, This is ,y screen print with Expert Tab messages. It says my broker does have the AUDCAD, but I tried loading it on a chart "AUDCAD." - My broker has "." as a suffix.
Attached Image
We err, and err, and err again, but less.
  • #278
  • Jun 30, 2015 5:02am Jun 30, 2015 5:02am
[quote=919gilead;8355120]{quote} Always a pleasure Captain. Can't comment on your trade as I trade a completely different system. I agree to the short but will wait until break of the DPV which will also bring price below my MTF MA channel. Just MHO {image} {image} And EUR group is no longer weak, at least for now. Shalom
  • #279
  • Jun 30, 2015 5:05am Jun 30, 2015 5:05am
Quoting dweb
Hi, This is ,y screen print with Expert Tab messages. It says my broker does have the AUDCAD, but I tried loading it on a chart "AUDCAD." - My broker has "." as a suffix.{image}
Hello dweb,

Please try this version. I have added automatic support for your broker suffix.
Attached File(s)
File Type: ex4 MADdash.ex4   103 KB | 666 downloads
  • #280
  • Jun 30, 2015 5:05am Jun 30, 2015 5:05am
Please 919 gilead, what is the name of that indicator on ur chart that draws horizontal overbought /oversold lines, I am not really a fan of many indicators, but if u could upload here I would be grateful. Thanks
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