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Trading is as simple as ABCD

  • #7,381
  • Jul 12, 2015 10:25am Jul 12, 2015 10:25am
clive this picture is of a dashboard for basket trading,,it is alot bigger then we need

my idea was to have just the one table with the pairs listed that the trader sets as true in the inputs
when 2 channels line up or 3 if the traders selects 3 then we get the arrow and pair flashing an alert
Attached Image (click to enlarge)
Click to Enlarge Name: dash.png Size: 103 KB
  • #7,382
  • Jul 12, 2015 1:01pm Jul 12, 2015 1:01pm
Quoting devontrader
clive this picture is of a dashboard for basket trading,,it is alot bigger then we need my idea was to have just the one table with the pairs listed that the trader sets as true in the inputs when 2 channels line up or 3 if the traders selects 3 then we get the arrow and pair flashing an alert {image}
Sounds like a good idea to me so just to confirm my understanding, we're saying if the 5 min and 15 min channels are up and we have a nice strong trend, maybe measure the slope of the 5 min TMA middle band to measure the trend strength same as the TTindy just rank them from top to bottom. Personally I wouldn't bother with having all 28 pairs just the top 8 even 4 to be honest is good enough for me...

Whatever pairs are top then it will automatically alert when the 15 min band is pierced or 5 min band depending on personal preference..

That sounds ok to me Jason,,,,looking forward to seeing it...
Feel the Fear and do it anyway!!!
  • #7,383
  • Jul 12, 2015 1:17pm Jul 12, 2015 1:17pm
Quoting clivepackham
{quote} Sounds like a good idea to me so just to confirm my understanding, we're saying if the 5 min and 15 min channels are up and we have a nice strong trend, maybe measure the slope of the 5 min TMA middle band to measure the trend strength same as the TTindy just rank them from top to bottom. Personally I wouldn't bother with having all 28 pairs just the top 8 even 4 to be honest is good enough for me... Whatever pairs are top then it will automatically alert when the 15 min band is pierced or 5 min band depending on personal preference.. That...
the idea is,,,2 channels eg 5 and 15
in the inputs all28 pairs and the trader selects true to the ones they want in the dashboard list
along the top is the timeframes m1 m5 m15 and so
when each channel turns up or down by which ever measurement is best? maybe the centreline then an upor arrow is given in that channeltime frame in that dashboard
when both show the same an alert is given and flashes etc so the trader will see that both channels have turned and is in position

also if the 15 channel is long and the 5 pulls back it would also give a signal when the 5min channel turns up with the 15 already long and gives a signal again,,,this timethe trader will see its just 5 min align with 15so can add to there trade position.
  • #7,384
  • Edited 2:20pm Jul 12, 2015 1:52pm | Edited 2:20pm
Quoting devontrader
{quote} the idea is,,,2 channels eg 5 and 15 in the inputs all28 pairs and the trader selects true to the ones they want in the dashboard list along the top is the timeframes m1 m5 m15 and so when each channel turns up or down by which ever measurement is best? maybe the centreline then an upor arrow is given in that channeltime frame in that dashboard when both show the same an alert is given and flashes etc so the trader will see that both channels have turned and is in position also if the 15 channel is long and the 5 pulls back it would also...
When you think it through its very simple as price can only go up or down so monitor the channels middle band if 5min and 15 min same colour, then they are aligned now look for 1 min to join them and you're away...Only trade the 1 min turn ups in lower half of 5 and 15 min channel. As usual the first few after 15 min changes slope direction are the best..

Attached Image (click to enlarge)
Click to Enlarge Name: Using middle bands for a dashboard.png Size: 96 KB


Measure the steepness of the TMA centre lines for the stronger trenders..

Job done....

Let me know when you've done it and I'll forward test it for you...
Feel the Fear and do it anyway!!!
  • #7,385
  • Jul 12, 2015 1:56pm Jul 12, 2015 1:56pm
Quoting clivepackham
{quote} When you think it through its very simple as price can only go up or down so monitor the channels middle band if 5min and 15 min same colour, then they are aligned now look for 1 min to join them and you're away... Measure the steepness of the TMA centre lines for the stronger trenders.. Job done.... Let me know when you've done it and I'll forward test it for you...
doing my best but dont leave it all to me....

im sure there are some good coders in the thread or if not in forexfactory that could do the job
  • #7,386
  • Jul 12, 2015 2:13pm Jul 12, 2015 2:13pm
Just updated post 7384 with a chart and some extra comments, any coders fancy coding it up???
Feel the Fear and do it anyway!!!
  • #7,387
  • Edited 2:37am Jul 13, 2015 2:16am | Edited 2:37am
I've been tinkering at the weekend working on this system in particular working with a few guys on developing an alert system to let us know when our setups are there as watching too many one minute charts is very difficult to say the least so an effective alerting system is crucial.

Currrently looking into using MAdash as the dashboard from HonestKnave and George as pionted out by bakpakjason and this adapted super indicator that no longer repaints, from Devontrader..

Would of worked ok this morning...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYM1 it works.png Size: 47 KB
Click to Enlarge Name: gbpusdm1.png Size: 46 KB
Feel the Fear and do it anyway!!!
  • #7,388
  • Jul 13, 2015 2:18am Jul 13, 2015 2:18am
There again just trade the top trenders around market opens break and retest of 191.00 ....

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 trade 1.png Size: 51 KB


first trade today...
Feel the Fear and do it anyway!!!
  • #7,389
  • Jul 13, 2015 2:28am Jul 13, 2015 2:28am
24 out of the first push and another 14 out of the 2nd push, should of been 38 % and done for the day but didn't get lotsize right on first trade so will settle for just over 20% and done for the day...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 64 KB


Thats all I need to make money trading forex...Days work done in about 10 minutes ..

Simply trade the strongest trender and be done with it...

By the way noticed that the super trend indy posted after the entries so obviously not a lot of good but will keep an eye on it going forward Jason..
Feel the Fear and do it anyway!!!
  • #7,390
  • Jul 13, 2015 2:42am Jul 13, 2015 2:42am
I was studying the indicator into the wee late hours clive.
i noticed it adjust no more then 2 or 3 bars on the 1min
but on 5mins and higher i havent noticed anything yet
  • #7,391
  • Jul 13, 2015 2:43am Jul 13, 2015 2:43am
There you go 2 trades 38.7 pips either 3.8% risking 1% per trade or 38.7% risking 10% per trade...All depends on account size I guess..

Either way its a nice days work in 10 minutes...

Attached Image (click to enlarge)
Click to Enlarge Name: 38 pips and done for the day...png Size: 58 KB


Oh well off to the real job for another day...catch you later..
Feel the Fear and do it anyway!!!
  • #7,392
  • Jul 13, 2015 2:45am Jul 13, 2015 2:45am
Quoting devontrader
I was studying the indicator into the wee late hours clive. i noticed it adjust no more then 2 or 3 bars on the 1min but on 5mins and higher i havent noticed anything yet
2 or 3 bars is too late and I think its worst than and if its 2 or 3 bars on 1 min its 2 or 3 bars on 5 mins got to be its the same code...

Doesn't matter better off just watching price on strong trenders...
Feel the Fear and do it anyway!!!
  • #7,393
  • Jul 13, 2015 3:10am Jul 13, 2015 3:10am
Devontrader,

Thank you for the explanation of Supply/Demand zones ... best explanation I've heard without being confusing.
Also the Dash would be a great benefit to monitor many pairs without having a zillion charts open. Something in the nature of the Dashboards being worked on in the "Dashboard Trading" thread, where the pair button when clicked opens up that particular pair chart.

MTPockets
  • #7,394
  • Jul 13, 2015 4:15am Jul 13, 2015 4:15am
That's the plan.....nice ride on the EURUSD 100 pips in app. 1 hour

Quoting clivepackham
24 out of the first push and another 14 out of the 2nd push, should of been 38 % and done for the day but didn't get lotsize right on first trade so will settle for just over 20% and done for the day... {image} Thats all I need to make money trading forex...Days work done in about 10 minutes .. Simply trade the strongest trender and be done with it... By the way noticed that the super trend indy posted after the entries so obviously not a lot of good but will keep an eye on it going forward Jason..
  • #7,395
  • Jul 13, 2015 4:51am Jul 13, 2015 4:51am
MT....their dashboard trading way to complicated. We want something simple like Jason outlined.


Quoting MTPockets
Devontrader, Thank you for the explanation of Supply/Demand zones ... best explanation I've heard without being confusing. Also the Dash would be a great benefit to monitor many pairs without having a zillion charts open. Something in the nature of the Dashboards being worked on in the "Dashboard Trading" thread, where the pair button when clicked opens up that particular pair chart. MTPockets
  • #7,396
  • Jul 13, 2015 5:05am Jul 13, 2015 5:05am
I think we need the "traffic light" suggested by Jason and we will be close to the holy grail in FX

Quoting harry23
MT....their dashboard trading way to complicated. We want something simple like Jason outlined. {quote}
  • #7,397
  • Jul 13, 2015 3:25pm Jul 13, 2015 3:25pm
very quiet tonight lol just having a testing session and trading too
results tonight so far
Attached Image
  • #7,398
  • Jul 13, 2015 3:39pm Jul 13, 2015 3:39pm
Quoting devontrader
very quiet tonight lol just having a testing session and trading too results tonight so far {image}
Can you explain what your method? Anything different that you do?
I love forex. One day it will love me back.
  • #7,399
  • Jul 13, 2015 3:56pm Jul 13, 2015 3:56pm
read clives posts

i do the same and read what my charts are telling me
  • #7,400
  • Jul 13, 2015 4:16pm Jul 13, 2015 4:16pm
riding the EURUSD today.....can you see what I see?


Quoting devontrader
read clives posts i do the same and read what my charts are telling me
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