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MADdash (Moving Average Distance)

  • #521
  • Jul 19, 2015 4:47am Jul 19, 2015 4:47am
Hi 919gilead,

Thank you for taking time for all the screenshots and taking us through your thought process before entering a trade. Yes it is clearly visible in H4 chart that the GBPJPY is in an uptrend with some pullbacks. And there was a trading opportunity when price action crossed the moving average (hope you took the trade ). Oddly enough at this time JPY was very strong against all currencies, except GBP.

Studying your charts and all the tools that you are using for your trading system, MaDash is almost over kill. You probably don't even need it since you have a stand alone system with Multi Time Frame.

But for those of us that are relying on the SIGNAL that Madash produces, and there is talk about going as far as coding an EA that enters trades based on Madash signals (with Proper MM in place of course). So, based on your experience trading your total system and observations, can we adjust MaDash settings to give us the HIGHEST PROBABLE signals (Alert) as the MAIN ENTRY TRIGGER? Were there times that MaDash Signal and your entry decision actually coincided?

Thanks
  • #522
  • Jul 19, 2015 5:06am Jul 19, 2015 5:06am
Thanks for sharing, this will be useful I had one simular before but I lost it, I'm glad I found yours
Bulls are stupid Animals!especially when Im short!
  • #523
  • Jul 19, 2015 5:33am Jul 19, 2015 5:33am
honestknave and 919gilead I want to congratulate both of you for your hard work and making such a nice trading tool, and day after day improving more and more to get max use of it.

THANK YOU

Regards,
Moti
  • #524
  • Jul 19, 2015 5:44am Jul 19, 2015 5:44am
Quoting 919gilead
{quote} Look at this chart and the accompanying screenshots of the dashboard. Look at how in this chart, price breaks the Red MA Channel as compared to the first chart. {image} {image} Look at the mini charts to the right of my chart and see the pinbars on both the M15 and H1 charts, and did you also notice the H1 pinbar supporting the downtrend resumption of the first chart I posted in post 518?? The GJ was in an uptrend all along but was in retracement during the London into US open as could be seen on the H4 chart. The MADdash is just a tool...
thank you gilead for your info how you traded gj. but looking at maddash I would take advantage of the full information and I would not have chosen gj instead it shows nzd and cad was weaker while jpy was still strong too.

so gn or gcad would have been my favorites even ga I had considered

Attached Image (click to enlarge)
Click to Enlarge Name: 3rTZuWv.png Size: 451 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #525
  • Jul 19, 2015 8:42am Jul 19, 2015 8:42am
Hello everyone. Thx very much for this great Madash. Really great tool.

I have a question. Is it possible to change the date and hour when the tool calculation start and same for when it end?

Like if I wanted to look at history, from let say Feb. 10th 2015 to march 25th 2015, is there a way to only calculate the strength and weakness of the 8 currencies for that time only?

If yes that would be absolutely awesome and if not, would be great if you could incorporate that in the tool later on.

This would gives us a great opportunity to test strategies and stuff in the past along this excellent tool. As for me, this tool is excellent to gives me an edge to see which currency is the strongest and which one is the weakest and use that info to trade accordingly with my preferred strategy.

Again, really much appreciated for this great tool.

InnerGrowth
  • #526
  • Jul 19, 2015 9:19am Jul 19, 2015 9:19am
Quoting pipdripper
{quote} A beg o! It is their APC government ooohh! If anybody was against the APC campaign to the last minute, that would be me. All the same, for the sake of peace and continuity of the entity called Nigeria, we pray that they should resolve their differences and settle down to real governance. Hope you are feeling much better now. Take care my brother!
how far pipdripper? how 9ja? How forex? wey all other 9ja brothers for here?
  • #527
  • Jul 19, 2015 9:41am Jul 19, 2015 9:41am
Quoting 919gilead
Do you know you can also use the MADdash for MA crossovers??? Yes you can - just input the MAs in one M1 and another M1, and do the same for the TFs you want. Do you also know that you can create your own short term, medium term and long term trends out of the dashboard? Yes you can - see my example below. Reduce the fonts to accommodate the 3 dashboards. {image} Do you know it takes so little effort but the small edge this dashboard gives with a bit of discipline and patience to double your account every week? {image} Green pips to you all Shalom...
Sorry about your popsee, I know how that feels. I'm still hurting from losing mine because I was not able to go to 9ja then. Hope you go dey okay
  • #528
  • Jul 19, 2015 5:49pm Jul 19, 2015 5:49pm
Hi All, noticed something strange, maybe a reason for it and if so could someone please explain or can we get it corrected. On post two is a good example, if you look at the EUR/USD MA's when they are under the EUR group the first 3 are negative and last two positive, problem is if I look at it under the USD group the first 3 are positive and last two negative. This seems to be pervasive and is still in the current version.

my guess is a coding error, looks like something I would do...

Can someone check on this please

Thanks
xclr8tr
  • #529
  • Jul 20, 2015 4:39am Jul 20, 2015 4:39am
Quoting xclr8tr
Hi All, noticed something strange, maybe a reason for it and if so could someone please explain or can we get it corrected. On post two is a good example, if you look at the EUR/USD MA's when they are under the EUR group the first 3 are negative and last two positive, problem is if I look at it under the USD group the first 3 are positive and last two negative. This seems to be pervasive and is still in the current version. my guess is a coding error, looks like something I would do... Can someone check on this please Thanks xclr8tr
Does post #63 answer your question ?
It never gets easier, you just get better
  • #530
  • Jul 20, 2015 6:05am Jul 20, 2015 6:05am
possibly no alert pop up when using solid currency blocks?
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  • #531
  • Jul 20, 2015 6:21am Jul 20, 2015 6:21am
Quoting Shabs19
{quote} Does post #63 answer your question ?
I think I shall have to ponder this further as it seems to go against logic. I'll have to study it for a bit to try and make sense of it. I understand the end goal is to be able to make good decisions and if that's what it accomplishes then who am I to judge, probably just the programmer in me got spooked

Thanks Shabs19

xclr8tr
  • #532
  • Jul 20, 2015 7:28am Jul 20, 2015 7:28am
Quoting hashzar
Hi 919gilead, Thank you for taking time for all the screenshots and taking us through your thought process before entering a trade. Yes it is clearly visible in H4 chart that the GBPJPY is in an uptrend with some pullbacks. And there was a trading opportunity when price action crossed the moving average (hope you took the trade ). Oddly enough at this time JPY was very strong against all currencies, except GBP. Studying your charts and all the tools that you are using for your trading system, MaDash is almost over kill. You probably don't even...

You're welcome Hashzar. I did not take the trade because as you rightly highlighted they were both strong currencies and therefore no edge in it. I only used it to illustrate my point as JYP and GBP were on top of each other on the dashboard, and the chart reflected the point I wanted to make.


Quoting hashzar
So, based on your experience trading your total system and observations, can we adjust MaDash settings to give us the HIGHEST PROBABLE signals (Alert) as the MAIN ENTRY TRIGGER? Were there times that MaDash Signal and your entry decision actually coincided? Thanks
Yes I believe the dashboard settings can be adjusted to give the best probable signals but I don't have that settings yet. We all have to play around with different MA settings. I am currently trying lower MA numbers to see what I get.

Rarely will the signals and my entry decision coincide because of the lagging nature of MAs but if we learn the art of turning lagging indicators into leading one, then we can "anticipate" the MADdash signals. How??? I notice M1 to M15 TFs in agreement and the M1 later diverges; and looking @ my chart I see price in retracement. I just wait for price to resume its trend and join the trade, and can expect M1 confirmation when it rejoins the M5 and M15 TFs. For your information, I don't use the alerts because I know it will be late. I use the visual display of the TFs. The alerting system I would have preferred is when the M5 and M15 TFs are in agreement (and if up to M30 and H1 the better), then I check my chart(s) for possible setup, and then wait for M1 to agree with the HTFs.

The trick is this - M1 to M15 or M1 to M30 or higher agreement; check your chart(s) and wait for pullback which will also reflect on the dashboard as M1 and possible M5 diverge from the HTFs depending on how deep the pullback is; then I anticipate trend continuation when price cross below/above my MA Channel. Typical examples can be found in the GBPJPY, GBPCAD, GBPAUD and GBPNZD charts of today, right from Frankfurt open. See attached GBPNZD chart:
Attached Image (click to enlarge)
Click to Enlarge Name: GN Trade Setup1 - 7202015.gif Size: 54 KB



The latest version of the MADdash made it possible for me to try an experiment by splitting the dashboard into two. I use block alert for one and the TF1 & TF2 for the other. My fear was confirmed that the alert will come late. Therefore the most viable option for me is to visually watch the M5 & 15 TFs and possibly higher or M15 and HTFs and join the trade when M1 and M5 recycles into the HTFs. This is what I am playing with now and will see how it goes this week.

Good trading to all

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #533
  • Jul 20, 2015 7:34am Jul 20, 2015 7:34am
Quoting Bernhard
{quote} thank you gilead for your info how you traded gj. but looking at maddash I would take advantage of the full information and I would not have chosen gj instead it shows nzd and cad was weaker while jpy was still strong too. so gn or gcad would have been my favorites even ga I had considered {image}
Agree with you Bernhard, I was only using the GJ chart as illustration because the 2 currency groups are on top of each other on the dashboard.
Low Risk Low Stress High Reward High Probability Trades
  • #534
  • Jul 20, 2015 7:35am Jul 20, 2015 7:35am
Quoting Motiram
honestknave and 919gilead I want to congratulate both of you for your hard work and making such a nice trading tool, and day after day improving more and more to get max use of it. THANK YOU Regards, Moti
Thank you Motiram Just contributing our quota to the community and giving back for what we received too.
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  • #535
  • Jul 20, 2015 7:37am Jul 20, 2015 7:37am
Quoting bighead71
{quote} Sorry about your popsee, I know how that feels. I'm still hurting from losing mine because I was not able to go to 9ja then. Hope you go dey okay

Thank you my friend, and sorry for your loss too. Yes oh, I dey go by the grace of God.

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #536
  • Jul 20, 2015 9:24am Jul 20, 2015 9:24am
Quoting 919gilead
{quote} The trick is this - M1 to M15 or M1 to M30 or higher agreement; check your chart(s) and wait for pullback which will also reflect on the dashboard as M1 and possible M5 diverge from the HTFs depending on how deep the pullback is; then I anticipate trend continuation when price cross below/above my MA Channel.
yes thats why I used often pending order to get a better entry around the last SD zone
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #537
  • Jul 21, 2015 9:31am Jul 21, 2015 9:31am
Quoting 919gilead
{quote} You're welcome Hashzar. I did not take the trade because as you rightly highlighted they were both strong currencies and therefore no edge in it. I only used it to illustrate my point as JYP and GBP were on top of each other on the dashboard, and the chart reflected the point I wanted to make. {quote} Yes I believe the dashboard settings can be adjusted to give the best probable signals but I don't have that settings yet. We all have to play around with different MA settings. I am currently trying lower MA numbers to see what I get. Rarely...
I think you must change to NonLag version. I have simple dashboard and have same behavior but more precise and fast reaction. I use 24/48 length ( M1/M5/M15 ). I think with your dashboard this modification will better a lot signals.
Try don't lose pants never...
  • #538
  • Jul 21, 2015 9:49am Jul 21, 2015 9:49am
Quoting braintheboss
{quote} I think you must change to NonLag version. I have simple dashboard and have same behavior but more precise and fast reaction. I use 24/48 length ( M1/M5/M15 ). I think with your dashboard this modification will better a lot signals.
Thanks for your suggestion but if you've read my postings you will discover that I have no problem with lagging indicators. I allow PA to make its move then wait for a PULLBACK where price falls behind the "lagging" indicator(s); then I join the trend provided my other tools confirm that the trend will continue. So my trading rule is to look for an established trend, wait for pullback and pull the trigger when the trend resumes.

I have no preferred currency pair and therefore use the dashboard to point me to the strongest and weakest currency group at any time, so I can be prepared.

I trust the enclosed AJ chart illustrates my point, and you will agree with that the reward is always worth the wait
Attached Image (click to enlarge)
Click to Enlarge Name: AJ Trade Setup1 - 7212015.gif Size: 55 KB


Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #539
  • Jul 21, 2015 10:42am Jul 21, 2015 10:42am
Quoting 919gilead
{quote} Thanks for your suggestion but if you've read my postings you will discover that I have no problem with lagging indicators. I allow PA to make its move then wait for a PULLBACK where price falls behind the "lagging" indicator(s); then I join the trend provided my other tools confirm that the trend will continue. So my trading rule is to look for an established trend, wait for pullback and pull the trigger when the trend resumes. I have no preferred currency pair and therefore use the dashboard to point me to the strongest and weakest currency...
I'm with mobile and i didn't explain everything. I didn't use nonlag with distance from price. I use sum of directions. +1 if up, 0 if plain and -1 if down. Using direction and not short lengths you have similar behavior to your dashboard but more precise direction because in distance price method you don't know when price begin to reverse because is impossible memorize max distance in every group ( 0 is MA cross and with strong movements confirmation lag is very much ). I prefer send you code when i arrive at my home.You can see if you can get something interesting for your dashboard. I like very much. If you think not useful, no problem
Try don't lose pants never...
  • #540
  • Jul 21, 2015 11:24am Jul 21, 2015 11:24am
Quoting braintheboss
{quote} I'm with mobile and i didn't explain everything. I didn't use nonlag with distance from price. I use sum of directions. +1 if up, 0 if plain and -1 if down. Using direction and not short lengths you have similar behavior to your dashboard but more precise direction because in distance price method you don't know when price begin to reverse because is impossible memorize max distance in every group ( 0 is MA cross and with strong movements confirmation lag is very much ). I prefer send you code when i arrive at my home.You can see if you...
Post it and I'm sure Andrew will look at it if it will improve the dashboard
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