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MADdash (Moving Average Distance)

  • #961
  • Oct 28, 2015 11:09am Oct 28, 2015 11:09am
Quoting pcorneli
{quote} Dear maflip, First i make sure to understand. 1. Program looks for a condition of H4,H1,M15,M5 all Green AND M5 >= 30. 2. Program internaly makes a note of this. 3. Program starts looking for H4,H1,M15 Green AND M5 Red. (pullback). Than Program gives BUY signal. For short vv. Is this what you ask for? Ofcourse i will share. Regards PC.
1. Program looks for a condition of H4,H1,M15,M5 all Green AND M5 >= 30. ( YES ) All green or Red and M5 >30 after Frankfurt Open. Because we first want an impulse at least at M5 not a ranging market then it remembers it went to 30 and now it will look for it to go back to 0-5 or slightly negative then we wait for an entry at M1.
2. Program internaly makes a note of this. (Yes)
3. Program starts looking for H4,H1,M15 Green AND M5 Red. (pullback). Than Program gives BUY signal. Not a buy signal only a pullback alert. This is then we look at M1 for an excuse to enter. I'm not suggesting a system with complete buy/sell entries but just a radar then we look for a possible entry.
  • #962
  • Oct 28, 2015 11:24am Oct 28, 2015 11:24am
Quoting pcorneli
{quote} Dear maflip, First i make sure to understand. 1. Program looks for a condition of H4,H1,M15,M5 all Green AND M5 >= 30. 2. Program internaly makes a note of this. 3. Program starts looking for H4,H1,M15 Green AND M5 Red. (pullback). Than Program gives BUY signal. For short vv. Is this what you ask for? Ofcourse i will share. Regards PC.
And also, the entry I showed is just an example. It may have a higher success if the entire block is red or green. On my example the block is mixed.
  • #963
  • Oct 28, 2015 12:04pm Oct 28, 2015 12:04pm
For a trade sample sure is doing well huh. MA cross is not even my entry rule. Half way to target half out then break even up to you. But get the idea? Cool? FOMC in 1 hour.
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  • #964
  • Oct 28, 2015 12:26pm Oct 28, 2015 12:26pm
Quoting maflip
For a trade sample sure is doing well huh. MA cross is not even my entry rule. Half way to target half out then break even up to you. But get the idea? Cool? FOMC in 1 hour. {image}
A "BUY EURUSD" or "Pulback M5 EURUSD" text is just a matter of choise, its the same event.
The program is only signaling.
And only exactly following rules.
Now you bring in the time aspect. FO. 8:00 my time. Until what hour must it search?

I leave the time aspect out , will follow your first specs. Later we can see.
  • #965
  • Oct 28, 2015 12:38pm Oct 28, 2015 12:38pm
Quoting pcorneli
{quote} A "BUY EURUSD" or "Pulback M5 EURUSD" text is just a matter of choise, its the same event. The program is only signaling. And only exactly following rules. Now you bring in the time aspect. FO. 8:00 my time. Until what hour must it search? I leave the time aspect out , will follow your first specs. Later we can see.
True you are right. For until what time as for me I only trade until 8:00 AM PST because at 9:00 AM PST and forward market dries up. But you can leave it as an option for the trader to choose their time.

But you know Honestknave measure distance in PIPS I think it might be more accurate if it measures in percentage because for example other pairs have higher spread. So in percentage might be more accurate. I don't know up to you.
  • #966
  • Oct 28, 2015 1:02pm Oct 28, 2015 1:02pm
TP Hit but it doesn't count due to FOMC
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  • #967
  • Oct 29, 2015 3:25am Oct 29, 2015 3:25am
Honestknave this is an exceptional indicator, congratulations and many thanks to you and George.

My request for a feature if I may would be for a trigger value applying to the colour blocks and two more colour options so as well as just "bearish" and "bullish" we can colour blocks as "slightly bearish" and "slightly bullish". I'm only halfway through the thread but I'm running version 1.27 and this doesn't seem to be an option.

Going back to post #4 George said
Quote
Another warning which you should also note on the attached dashboard is the low values on all the groups hinting that this movement will not last. We need total value above 10 for any sustained movement.
If we could set a trigger at (e.g.) 10 and have the values less than that a dimmer shade of red / green it would be obvious at a glance which signals are strong and which could be doubtful.

This would be quite useful for those of us who forget to look at the numbers
  • #968
  • Oct 29, 2015 5:32am Oct 29, 2015 5:32am
Attached File(s)
File Type: ex4 MAD_Dash_EA.ex4   35 KB | 420 downloads
Quoting maflip
{quote} True you are right. For until what time as for me I only trade until 8:00 AM PST because at 9:00 AM PST and forward market dries up. But you can leave it as an option for the trader to choose their time. But you know Honestknave measure distance in PIPS I think it might be more accurate if it measures in percentage because for example other pairs have higher spread. So in percentage might be more accurate. I don't know up to you.
You can put the EA on the same screen with the Indi. You can play with the values.
Please let me know, i will think about the percentage.
  • #969
  • Oct 29, 2015 6:06am Oct 29, 2015 6:06am
Quoting pcorneli
{file}{quote} You can put the EA on the same screen with the Indi. You can play with the values. Please let me know, i will think about the percentage.
Ok cool thanks. I'll see how it does. Right now I'm watching AJ. AU and AJ where both hitting a good trend at the LO now they are both at retracement areas. However, I prefer AJ since it's made a new swing low and AU is at double bottom. I'm waiting to see if AJ gives me any entry short.
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  • #970
  • Oct 29, 2015 7:46am Oct 29, 2015 7:46am
Now that the bullshit from the news is gone. Let's see if I can get something on AJ.
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  • #971
  • Edited 6:44am Oct 30, 2015 6:28am | Edited 6:44am
Quoting pcorneli
{file}{quote} You can put the EA on the same screen with the Indi. You can play with the values. Please let me know, i will think about the percentage.
It did not gave me an alert when it was at the retracement area. NU was hitting +40 earlier today then went a little negative.
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  • #972
  • Oct 30, 2015 6:43am Oct 30, 2015 6:43am
I was able to scalp a little bit of it though but I was not alerted.
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  • #973
  • Oct 30, 2015 1:10pm Oct 30, 2015 1:10pm
Quoting devontrader
Honestknave can you help?? Ive sent you a pm and i think this maybe easy enough to.do Its just the fasttmaline indicator and mcdash {image}
Can you share your indicator and tpl pls
Dyn Ea V2 All Time Return: -100.0%
  • #974
  • Oct 31, 2015 1:46am Oct 31, 2015 1:46am
Quoting maflip
I was able to scalp a little bit of it though but I was not alerted. {image}
For me it did work. But if the conditions are not met ......

I suggest the following.
Start this new version in a separate screen. (It does not need the MADdash Indi.)
Set Test true.
It shows the status of the selected Pairs and you 'll get more Alerts.
Notice it will also deselect if the condition it no longer there.
You can also play with the 30/-1 parameters. Try 30/10, just to see it works.
If you are confinced the EA does its job, set the Test to false.
Attached File(s)
File Type: ex4 MAD_Dash_EA.ex4   32 KB | 618 downloads
  • #975
  • Oct 31, 2015 6:50am Oct 31, 2015 6:50am
Quoting maflip
{quote} Pcorneli since you are reverse engineering it let me give a suggestion. When all time frames are in agreement H4, H1, M15, M5 with at least value of 30 on M5 at the impulse dont take it at the high of M5 wait for M5 to get back to 0-5 because that's the pullback. Alot of people enters at the signal but most of the time they take it at the top of the trend. For me at the pullback is the best then wait for M1 entry. Up to the trader it could be a MA Cross, Ichimoku, vodoo, or planetary alightment. So maybe on your version instead of a buy...
Hi guys, maybe I'll add my two cents:

1. I am looking at indicator looking for the "most red" and "most green" currencies. I want to trade in the direction of biggest buyout/sellout (hope you understand what I mean). I am looking for a situation that one currency is sold across the markets/pairs (the weakest) and the other is bought (the strongest)

2. I am going to M1 looking for an entry at the end of a correction - CCI decreasing and bars are changing colors, entry 2 pips above/below. This method is for catching an end of a correction.

Hope you understand, forgive me please, English is not my first language.
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  • #976
  • Oct 31, 2015 8:32am Oct 31, 2015 8:32am
Quoting TwoBooks
{quote} Hi guys, maybe I'll add my two cents: 1. I am looking at indicator looking for the "most red" and "most green" currencies. I want to trade in the direction of biggest buyout/sellout (hope you understand what I mean). I am looking for a situation that one currency is sold across the markets/pairs (the weakest) and the other is bought (the strongest) 2. I am going to M1 looking for an entry at the end of a correction - CCI decreasing and bars are changing colors, entry 2 pips above/below. This method is for catching an end of a correction....
The lanquage isn't a problem, but i like to better understand your idee.
Can you discribe the steps you do when you trade this by hand? The smaller steps the better.
So where do you look for first and if .... what next and at the and what kind of signal whould do you want to see.
  • #977
  • Oct 31, 2015 8:44am Oct 31, 2015 8:44am
Mr HK i like to ask this question.

Using the Indi i like to Click specific Chart and TF's to open.
I also defined a template.
In the template is a EA with a Buy and a Sell Button.
This works fine , but the Chart opend is not allowing trading.
I have to change this first , costing time.
When the Graph is with allowing trade, i save the template again. So i hope nexttime i click a pair it is ready for action. But it is not.
I am not sure if your code can improfe this, but maybe you have a suggestion?

Kind regards PC.
  • #978
  • Edited 10:40am Oct 31, 2015 10:26am | Edited 10:40am
Quoting pcorneli
{quote} The lanquage isn't a problem, but i like to better understand your idee. Can you discribe the steps you do when you trade this by hand? The smaller steps the better. So where do you look for first and if .... what next and at the and what kind of signal whould do you want to see.
1. I am looking for "the most green" and "the most red" pairs at left of Dashboard. I mean pairs where are massive selloffs and buyouts during last hours. The main idea is to trade most probable move.

2. Then I look at the right side of Dashboard - where my choosen pairs are regarding all timeframes. I would like to see her/them in the first two positions on timeframes at last M5 to M30, ideally H1 included.

3. Then I am opening M5 or M1 and take a look at market situation (up to H1):

- are there any strong support/resistance present on my way? I dont want to trade too close to them as price can easily bounce,
- are we in a correction? Does this look like a corrective (not impulsive) move?
- where is the logical level of bounce in my direction? I mean support, resistance where price bounced some time ago?

4. Entry:

- CCI is decreasing, heading towards zero,
- first red/green candle appears (candle in the direction of yhe main move),
- 2 pips under (above) this candle I put an entry order. SL = 10 pips or less (depends on market situation).

The main idea is to trade the weakest against the strongest pair, entering at the end of a temporarily corrective move when main trend starts again.

Hope my English is OK.
  • #979
  • Edited 10:52am Oct 31, 2015 10:39am | Edited 10:52am
Here is an example to illustrate my decision process:

Please take into account that screenshots of charts are taken after market close, only for illustration purposes.

Look at Dashboard:

1.

The strongest pair is CAD (second strongest is NZD - look at numbers).

The weakest pair is USD (second weakest is EUR - look at numbers).

So natural choice would be at this moment USD/CAD, EUR/CAD, NZD/USD, EUR/NZD.

2. Right side of the board:

EUR/CAD would be a pair of choice (at the top of board across all relevant timeframes).

Second would be a EUR/NZD.
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  • #980
  • Oct 31, 2015 10:44am Oct 31, 2015 10:44am
EUR/CAD:

3. Situation on M5:

Pair is at the temporary resistance.

4. M1 - possible entries. CCI decreasing, 2 pip below red bar at the end of a correction / resistance.

SL above yellow line. TP min 20 pips.
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