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trend catching with NonLagDot indicator

  • #161
  • Edited 5:37am Dec 25, 2015 2:53am | Edited 5:37am
Quoting Kubiasty
{quote}I think this thread is next sponsored by brokers.
Nobody is responsible for your trading and your result besides you. When someone posts a system then it is your task to estimate if it works for you, and to adjust it to your understanding. No obligation to trade blindly what someone else says or suggests. And your result is always different from the result of other person who is using exactly same system. That is why it is not relevant for you what result has Lebaneese or any other trader achieved with the system. It is all up to you only - trading is an extremely lonely job.
First, backtest the system at least visually for at least 6 months before you trade it.
  • #162
  • Dec 25, 2015 4:24am Dec 25, 2015 4:24am
Quoting Kubiasty
{quote} Yea but last week ago i lost too. Too many fake signals, too many ranging. I think this thread is next sponsored by brokers.
Kubiasty, move on! why hanging on a strategy that doesnt work for you? Its just simple! No need to argue with the OP. Go find another that works for you.
  • #163
  • Dec 25, 2015 5:58am Dec 25, 2015 5:58am
Hi Lebaneese,

How much % risk/loss you are willing to take per basket?
I get your target is 1000 but I am not see how much loss in your account so you are said "OK enough, I am close all"
  • #164
  • Dec 25, 2015 6:56am Dec 25, 2015 6:56am
Hi All
I have not posted on FF for some time now. Just browsing on Christmas morning. I use a similar nonlag system. It does work if you are disciplined. I'm old and a computer idiot and don't really know how to post charts etc- and at my age don't really want to learn.
Pay close attention to istvan's post 129, he has a very good grasp of how to trade this system. Also study Lebaneese's posts.
For possible better entries, you might consider entering earlier which will lead to a few more small loses but will turn some of your current loses into BE because you can get to BE earlier. Notice on istvan's post where he drew the small trend lines. Consider entering at a break of his small trendline- you get a much smaller SL and can reach BE much quicker. Several small losses will be regained with just one good move up.
I use very small stop losses- if stopped out, I replace the stopped order immediately (at exactly same value), many times price will fake out first order and then resume the trend. I don't mind this small lose because most times the resumed trend will quickly cover it and more.

I remember Indrek from years back. He is a very good trader- learn from his posts.

Have a great year trading.
  • #165
  • Dec 25, 2015 9:06am Dec 25, 2015 9:06am
gmcc,

Can you elaborate as to the "small" SL range you use? Do you utilize the M30 chart or do other time frames work better for your trading style?

Merry Christmas!
BC2
  • #166
  • Dec 25, 2015 9:18am Dec 25, 2015 9:18am
Quoting Indrek
{quote} It is a non-trading season around year end. No sense to take risks when market is dead. When to trade and when not to trade is essential part of trading knowledge.
  • #167
  • Dec 25, 2015 9:24am Dec 25, 2015 9:24am
Interesting...
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  • #168
  • Dec 25, 2015 11:21am Dec 25, 2015 11:21am
thank you Indrek and GMCC for supporting, just I want to make something clear, what I am trading is market nature we have to try to catch the trend , losses are part of the game always, but MM is the hard and important part of any system.
what I said at first I don't trade the system all days of the week I trade it as a fix target. Others can find better way to trade it and that will be perfect while others will be loosing money with the system. try to find always your own way in trading just take ideas from other traders, u don't need more then that.
  • #169
  • Edited 5:56pm Dec 25, 2015 5:46pm | Edited 5:56pm
Lebaneese : what I am trading is market nature we have to try to catch the trend , losses are part of the game always, but MM is the hard and important part of any system.

Very true- the hardest thing for me was to learn to take small losses- I kept thinking somehow I could avoid them- I soon was paralyzed and could not participate in the market- without small loses you are NOT participating in the game and therefore you never Win- you are a Non factor. Take the small loses and Don't blame the system.

Now this next part is somewhat lengthy.

istvan's post 129 (istvan I hope you don't mind my using your chart but it most closely follows what I do- thanks) this is how I would have traded his chart
Note his first CTL (counter trend line)- note the first small ct candle (first small green candle #17 from left)- what if you placed a Buy Stop order just above this candle, your SL would be approx. where he shows his blue line SL. Now wait for the next candle to form- another small ct candle is formed-our order did not get filled and we still have a blue dot. I would cancel the first order and replace it with a new Buy Stop order above the just closed ct candle- SL could be left in the same place where istvan's blue line is because the just closed newly formed candle did not make a new low. On 1h charts I typically use 8-11 pip stop loss. With new Buy Stop order in place I wait for the next candle to form. This new candle is a favorable one and our order is filled- we are now in the market. Once the market has moved approx. 12-20 pips in our favor, move to BE. I then ride the market until I get a ct candle that closes below a favorable candle's open- you should use what is comfortable for you.

One more thing, when using small initial SL loss, if your order gets filled and the market immediately turns against your position, you get stopped out for a small lose, don't panic- immediately replace your order (same entry price and SL)- using small SL will get hit often, but only occasionally a second time- if hit a second time you are probably too early and should try another pair (much of this was taken from other traders). By using the small SL entries I can be wrong 5 times in a row and I have lost approx. 40-55 pips, But one winner of 40-55 pips brings me back to even- but what happens when I'm correct 1 out of 2 times or 1 out of 3.

Leboneese has shown us a very good system (many traders would be reluctant to offer such a simple system- simple works- many indicators lead to worry)- but again no system is perfect and you must add your own touch and accept SMALL Loses- they will lead to LARGE gains.

I doubt I will be able to follow this thread much- I had time during Christmas, but good luck trading.

Leboneese if this post is too much off subject or unacceptable in any way, I will delete it or you can. Thanks
  • #170
  • Dec 25, 2015 6:30pm Dec 25, 2015 6:30pm
Hi, Lebaneese , thank for your Nonlagdot indicator, but I got a problem when appling your Nonlagdot to MT4: it becomes very slow and the MT4 even no response.
  • #171
  • Dec 25, 2015 10:54pm Dec 25, 2015 10:54pm
Quoting gmcc
Lebaneese : what I am trading is market nature we have to try to catch the trend , losses are part of the game always, but MM is the hard and important part of any system. Very true- the hardest thing for me was to learn to take small losses- I kept thinking somehow I could avoid them- I soon was paralyzed and could not participate in the market- without small loses you are NOT participating in the game and therefore you never Win- you are a Non factor. Take the small loses and Don't blame the system. Now this next part is somewhat lengthy. istvan's...
thank you gmcc that how a good trader think, we trade what fit us not what others trade. So each one try to create your trading style with this simple system , and try to participate it here to help all traders.
  • #172
  • Dec 26, 2015 2:05am Dec 26, 2015 2:05am
why we cant make this system automated?
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  • #173
  • Dec 26, 2015 2:09am Dec 26, 2015 2:09am
[quote=gmcc;8661622] Hi gmcc. You are right, you can take more counter trendline breaks if you like, however it is a more aggressive approach but it works. I prefer to enter with a confirmation candle pattern like those in my chart. Both entries where there was an engulfing bar presented.
  • #174
  • Dec 26, 2015 2:13am Dec 26, 2015 2:13am
If we can make this system automated and run in on multiple pairs this can be very profitable....cut the losses and let the winner run is formula here...any coder here to take up the responsibility to code it? come on guys.
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  • #175
  • Dec 26, 2015 2:44am Dec 26, 2015 2:44am
May i know what MA is the equivalent of the Non Lagdot indicator? Thanks!
  • #176
  • Dec 26, 2015 3:59am Dec 26, 2015 3:59am
Quoting Eonfx
If we can make this system automated and run in on multiple pairs this can be very profitable....cut the losses and let the winner run is formula here...any coder here to take up the responsibility to code it? come on guys.
I am not a programmer, may be if some of our coder trader is interested can create one for it.
  • #177
  • Dec 26, 2015 4:25am Dec 26, 2015 4:25am
Quoting mario777
May i know what MA is the equivalent of the Non Lagdot indicator? Thanks!
you can email here to find it out

[email protected]

this indicator was shared on yahoo group

http://finance.groups.yahoo.com/group/TrendLaboratory
We are proud to be most consistent signal provider in entire industry.
  • #178
  • Dec 26, 2015 5:14am Dec 26, 2015 5:14am
Which brokers do you use ? Istvan, Lebanese, Indrek, gmcc ? Because there is spread. On that pairs which trade Lebanese i have spreads about 5 pips.
So this is important in money management how do you do with that ?
  • #179
  • Dec 26, 2015 5:17am Dec 26, 2015 5:17am
Hope someone can add an alert when trend reversed.

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  • #180
  • Dec 26, 2015 6:49am Dec 26, 2015 6:49am
Quoting Kubiasty
Which brokers do you use ? Istvan, Lebanese, Indrek, gmcc ? Because there is spread. On that pairs which trade Lebanese i have spreads about 5 pips. So this is important in money management how do you do with that ?
If your spread is 5 pips for all pairs then you need to change the broker ASAP. All decent brokers offer much better than that.
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