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As simple as possible: 00 level trading

  • #32,461
  • Jul 20, 2015 5:05am Jul 20, 2015 5:05am
Quoting Theserpent
{quote} fxrabbi beautifully took the deal!!! And could you share the indicator Stochs that you have in the basement? Painfully, he looks beautiful....
see it here:http://www.forexfactory.com/showthre...546692&page=21
Time always comes before price
  • #32,462
  • Jul 20, 2015 5:08am Jul 20, 2015 5:08am
Quoting numberman
{quote} I replayed your trade, and i realize, after a strong move, the price will hang in a certain level, when the price move strong in that level again, like higher high, you enter. Am i right? Numberman
Good observation.
  • #32,463
  • Jul 20, 2015 5:53am Jul 20, 2015 5:53am
fxrabbi, hope you don't mind me asking, but why change a winning system?
Persistence will get it. Consistency will keep it.
  • #32,464
  • Jul 20, 2015 6:02am Jul 20, 2015 6:02am
Quoting Chake
fxrabbi, hope you don't mind me asking, but why change a winning system?
Nothing change, I only add the Stochs, which I have been using for a very long time on another system, and which proved to be reliable. Is like adding Messi and CR7 to the team. lol


Yomi
Time always comes before price
  • #32,465
  • Jul 20, 2015 6:26am Jul 20, 2015 6:26am
Quoting fxrabbi
{quote} Nothing change, I only add the Stochs, which I have been using for a very long time on another system, and which proved to be reliable. Is like adding Messi and CR7 to the team. lol Yomi
Okay
Persistence will get it. Consistency will keep it.
  • #32,466
  • Jul 20, 2015 6:27am Jul 20, 2015 6:27am
Quoting LITEchild
{quote} Hello 4xgmp. Is it possible to make an mtf version of this indy?
Probably but I am not a coder. I paid a Ukrainian guy to code this indi for me...
  • #32,467
  • Jul 20, 2015 6:27am Jul 20, 2015 6:27am
Quoting Chake
{quote} Okay

Time always comes before price
  • #32,468
  • Jul 20, 2015 6:51am Jul 20, 2015 6:51am
Quoting Asmodai
{quote} I use SL 10, TP 7 and trail 5. But when i have a trade open i keep my eyes on it and act when needed, for example,if i a see price stall at +4 alot, i either move the SL to -3, BE or sometimes just close it, depends on what i see. What diallist said about cutting your losses is very important in the long run. Keep in mind that you cannot move hidden SL or TP on the EA, i move the stops of my script that are set to SL15 and TP 30 as safety in case my computer crashes or something. Asmodai
Thanks. Glad your week has started well.
  • #32,469
  • Jul 20, 2015 7:07am Jul 20, 2015 7:07am
Quoting 4xgmp
{quote} Probably but I am not a coder. I paid a Ukrainian guy to code this indi for me...
Can you find out from the coder if he'd be willing to include the option in the code? Tnx
  • #32,470
  • Jul 20, 2015 9:07am Jul 20, 2015 9:07am
GBPCAD to TP

LuXing
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Wisdom begins in wonder
  • #32,471
  • Jul 20, 2015 10:07am Jul 20, 2015 10:07am
EURJPY to TP

LuXing
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Wisdom begins in wonder
  • #32,472
  • Jul 20, 2015 2:01pm Jul 20, 2015 2:01pm
Being inspired by the wavy lines ASH posts, today I decided to give it a try, but mostly watching the price acting on the sidelines.
These GU trades also were supported by CSM at the time, and both turned out good.

Asmodai weekend post/stat about entries was very informative, motivating to try to look more into my own a bit deeper, though I think more trades needed for conclusions.
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there is always, always another trade!!
  • #32,473
  • Jul 20, 2015 4:24pm Jul 20, 2015 4:24pm
Quoting diallist
... I would also point out another observation I've made.
1. The wavy lines diverge because price has moved.
2. The wavy lines converge because price has either reversed, OR because price has stalled for a time.
If price has stalled, it may continue in the same direction, or it may reverse after the stall.
I play it safe and assume it is going to reverse, so as soon as I get convergence of the wavy lines, I exit the trade I'm in whether it is in profit or not.
My brief remark: this is one of the best ideas here in thread ...

You can also think about the distance between the lines:
Divergence = spacing of the lines is growing = entry opportunities
Convergence = spacing of the lines shrinks = weakness = exit recommended

Some minus trades that have been posted here, took place in the convergence zone.
  • #32,474
  • Jul 20, 2015 4:29pm Jul 20, 2015 4:29pm
Quoting SwingMan
{quote} My brief remark: this is one of the best ideas here in the thread ... You can also think about the distance between the lines: Divergence = spacing of the lines is growing = entry opportunities Convergence = spacing of the lines shrinks = weakness = exit recommended Some minus trades that have been posted here, took place in the convergence zone.
Thanks. if alerts are possible..that would be great perahaps>

first sign of diverging = entry alert.... first sign of converging = exit alert
  • #32,475
  • Jul 20, 2015 4:57pm Jul 20, 2015 4:57pm
Quoting SwingMan
{quote} My brief remark: this is one of the best ideas here in thread
Swingman,

Thank you kind sir. I am humbled by your validation of my ramblings.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #32,476
  • Jul 20, 2015 4:58pm Jul 20, 2015 4:58pm
Quoting profitfarmer
Being inspired by the wavy lines ASH posts, today I decided to give it a try, but mostly watching the price acting on the sidelines. These GU trades also were supported by CSM at the time, and both turned out good. Asmodai weekend post/stat about entries was very informative, motivating to try to look more into my own a bit deeper, though I think more trades needed for conclusions. {image}
Nicely done, profitfarmer!
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #32,477
  • Jul 20, 2015 5:10pm Jul 20, 2015 5:10pm
As requested of me via PM:

My current template, which I'm pretty happy with.

I've removed the mini-MADdash display as I found it didn't really give me any more information.

I've added two levels of the MTF ash, they being on M15 and M5 as noted on the chart.

I say this again: If I was only allowed one indicator, it would be the wavy ASH.

Everything else on the template has been discussed before in the thread so there is no need for further explanations on my part.

My thought processes of how I combine information from these indi's is impossible to explain. That is why you must find your own template... the one that makes most sense to you.

NOTE: The MTF ASH has a quirk. It displays incorrectly if it has not embraced all the data on it's selected TF. I've found that switching to a different TF and back again seems to update them. Because of this, ahead of each half hour, I'll walk my chart through all the timeframes just to make sure the MTF ASH's are stable.

CODER REQUEST: Could someone find out if there is a way to make sure the MTF ASH keeps itself updated, so switching time frames to update it isn't necessary? Thanks!

Dial
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Attached File(s)
File Type: tpl ASH Timeframe.tpl   163 KB | 977 downloads
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #32,478
  • Jul 20, 2015 5:14pm Jul 20, 2015 5:14pm
Quoting diallist
{quote} Swingman, Thank you kind sir. I am humbled by your validation of my ramblings.
No problemo, you have a good eye ...
Here's an example where your idea has been programmed earlier. Everything else is in development.
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  • #32,479
  • Jul 20, 2015 9:08pm Jul 20, 2015 9:08pm
Quoting diallist
CODER REQUEST: Could someone find out if there is a way to make sure the MTF ASH keeps itself updated, so switching time frames to update it isn't necessary? Thanks! Dial {image} {file}
Hi Diallist, thank you for sharing your nifty template. I can see how the ASH M5 and M15 can really help with early exits on M30 TF trades.

Just wondering if the ASH M5/15 help you with entries on M30 since the ASH M30 should already be showing all the info you need.

Thanks as always
Do good and disappear...
  • #32,480
  • Jul 20, 2015 11:00pm Jul 20, 2015 11:00pm
Quoting VinceHS
{quote} Hi Diallist, thank you for sharing your nifty template. I can see how the ASH M5 and M15 can really help with early exits on M30 TF trades. Just wondering if the ASH M5/15 help you with entries on M30 since the ASH M30 should already be showing all the info you need. Thanks as always
Hi VinceHS,

I am still observing the interrelations between ASH on M5, M15, M30. I have some ideas starting to form in my mind, but nothing crystal yet.

So far my theoretical thoughts are that the ASH is an accumulator. M30 accumulates the changes in ASH on M15, and the M15 accumulates the changes in ASH on M5.

For example, if the ASH on M5 spends more time in the buy direction than the sell direction, then the net is in the buy direction. That will accumulate in the M15. If the M15 also spends more time in the buy direction than the sell direction, then that will be accumulated in the M30. That is what I meant when I said that lower time frame ASHes "roll up" into higher time frame ASHes. If that is true (still theoretical for me), then observing the behavior of M5 and M15 should give us an early warning that M30 is about to undergo a color change.

You asked about exits vs entries. To me, these are equal but opposite behaviors. If that is indeed true, the movements of the three ASHes should equally signal an entry or an exit.

All that I've said above is only speculation on my part at this point in time. I need to do a lot more observing to even begin to approach a useful conclusion. My best recommendation is for each person to observe the M5-M15-M30 ASH movements for themselves and see if they can come up with something useful.

If all this is just too confusing for some of you, then just use the M30 wavy ASH and enter on the color change.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
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