trend catching with NonLagDot indicator | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

NonLagDot (NLD) EA is Here 185 replies

Trendbreak with nonlagdot 2 replies

correct this nonlagdot ea 0 replies

WANT a martingale NonLagDot (NLD) EA 5 replies

Nonlagdot with email alert 3 replies

Attachments: trend catching with NonLagDot indicator
Exit Attachments

trend catching with NonLagDot indicator

  • #201
  • Dec 28, 2015 2:52am Dec 28, 2015 2:52am
Quoting Indrek
{quote} All that I can say from my own experience is that long term it is much more profitable to have fix target instead of trying to trail and catch big trends. All my backtests and forward tests and real trading has proved it, no matter what system I used. We do not need many pips, we trade for money. So, better increase your lots if you have a proper system, instead of hanging in trades for long time.
I totally agree with Indrek , fix target for long time is much better then trailing and following all trend.
That's why I always say set a fix target don't overtrade or try to win all trades what we need is that amount of money each one will put his target and try to reach it , if possible in 1 day would be great so u will get a 6 days off and u will wait next week to search new trades.
  • #202
  • Dec 28, 2015 4:14am Dec 28, 2015 4:14am
Thanks Leb..I am in testing strategies phase in my trading.. i will start testing it and check my Profit to loss ratio
and i will keep you post
Thank ..
  • #203
  • Dec 28, 2015 6:11am Dec 28, 2015 6:11am
Is the attached pic is the correct setting for the indicator
Attached Image
  • #204
  • Dec 28, 2015 6:45am Dec 28, 2015 6:45am
Quoting Ntim2000
Is the attached pic is the correct setting for the indicator {image}
No ColorBarBack should be 0 if u want a non repainting indicator. At 2 mean that last 2 dots will repaint.
  • #205
  • Dec 28, 2015 6:51am Dec 28, 2015 6:51am
ahhh-- ok i will change that but others a correct right?
  • #206
  • Dec 28, 2015 9:52am Dec 28, 2015 9:52am
Hi Guys,

i would do some detailed analysis of this indi, but first need a version written in "R".
If someone have it would save me time. Not need to be rewritten.
  • #207
  • Dec 28, 2015 12:45pm Dec 28, 2015 12:45pm
I've tested this strategy 4 times. I lose them all.. i've used 30min TF i think it should be bigger to avoid fake trending.
It need fine tuning
thanks any way
  • #208
  • Dec 28, 2015 1:05pm Dec 28, 2015 1:05pm
Hi Lebaneese!
First of all big thx for your strategy!
I have one question, what % per week you suggest to do with your strategy?

I don't want to know what deposit you have, just what to know how better to manage my position with your strategy if i will basketing like you.
  • #209
  • Dec 28, 2015 2:42pm Dec 28, 2015 2:42pm
Update of EA.

Correction to Lot Size based on % of equity to correctly reflect Base Currency and Currency Pair being used .
Attached File(s)
File Type: mq4 NonLagDotEA.mq4   11 KB | 590 downloads
  • #210
  • Dec 28, 2015 5:24pm Dec 28, 2015 5:24pm
Quoting Dave_C
Update of EA. Correction to Lot Size based on % of equity to correctly reflect Base Currency and Currency Pair being used . {file}
thank you Dave for your work. Hope the traders will appreciate it.
  • #211
  • Dec 28, 2015 5:27pm Dec 28, 2015 5:27pm
Traders I am not posting any trades because it is not the correct time for trading, it is the end of year I suggest no one trade before 1st week of new year until market get some volume again. Will start back posting trades after NEW YEAR. Enjoy holidays.
  • #212
  • Dec 28, 2015 5:30pm Dec 28, 2015 5:30pm
Quoting Ntim2000
I've tested this strategy 4 times. I lose them all.. i've used 30min TF i think it should be bigger to avoid fake trending. It need fine tuning thanks any way
How did u backtest it ?
you should backtest basket not pair alone, this system should be traded as basket.
  • #213
  • Dec 28, 2015 5:34pm Dec 28, 2015 5:34pm
Quoting maxtill
Hi Lebaneese! First of all big thx for your strategy! I have one question, what % per week you suggest to do with your strategy? I don't want to know what deposit you have, just what to know how better to manage my position with your strategy if i will basketing like you.
I already said maxtill, I trade it as 1 lot per trade , for a target of 1000$ weekly, which could be happened in 1 or 2 days no more then that, of course with basket trading not one pair alone.
  • #214
  • Dec 28, 2015 5:42pm Dec 28, 2015 5:42pm
Quoting Dave_C
Update of EA. Correction to Lot Size based on % of equity to correctly reflect Base Currency and Currency Pair being used . {file}
Dave if u can please post report result of the strategy tester it could help too much to understand the strategy.
As I see more losses then winning in some pairs but result is positive at the end.
  • #215
  • Dec 28, 2015 6:44pm Dec 28, 2015 6:44pm
Hi Dave C , you could add a breakeven, thanks.
  • #216
  • Dec 28, 2015 9:16pm Dec 28, 2015 9:16pm
Hi All,
I am testing the this strategy all the day.. to low you losses try to enter the market base on 4H chart. and if you want to trade on 30Min then 30 mins and 4H chart should be provide same strategy results for buy and less.

I think these days are good time for testing not for trading as to confirm our strategy with low volume trend and finding a way to minimize the loss.
  • #217
  • Edited Dec 29, 2015 12:46am Dec 28, 2015 9:47pm | Edited Dec 29, 2015 12:46am
The EA is updated to include a Set Stop Loss to Break Even. (EA at bottom of Post)

With the following results EURUSD 30min chart 1/1/2015 to 29/12/2015, the best optimized settings were

Trailing Stop Loss 10 (tested from 10 to 50 in steps of 5)
Take Profit 10 (tested from 10 to 100 in steps of 10)
Length (of Weighted MA) 20 (tested from 10 to 50 in steps of 5)
SetStopLossToBreakEvenPips 20 (did not come into play with the best optimization result)

All other settings were default.

The most significant finding was the low Stop Loss which would tend to confirm the notion that it is better to cut the trade rather than persist.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2015-12-29 13_33_01-Tester.jpg Size: 366 KB
Click to Enlarge Name: 2015-12-29 13_36_48-2033347_ GlobalPrime-Demo - Demo Account.jpg Size: 79 KB
Click to Enlarge Name: 2015-12-29 13_33_26-2033347_ GlobalPrime-Demo - Demo Account.jpg Size: 158 KB
Attached File(s)
File Type: mq4 NonLagDotEA.mq4   14 KB | 573 downloads
  • #218
  • Dec 28, 2015 11:47pm Dec 28, 2015 11:47pm
Great find dave
We are proud to be most consistent signal provider in entire industry.
  • #219
  • Dec 29, 2015 12:13am Dec 29, 2015 12:13am
​I have had to modify the EA to allow for spread + 1 pip on the stop order. Sorry for the inconvenience!
Attached File(s)
File Type: mq4 NonLagDotEA.mq4   14 KB | 766 downloads
  • #220
  • Dec 29, 2015 12:39am Dec 29, 2015 12:39am
Quoting Lebaneese
{quote} Fiddy if u can explain bit more your signal bar and entries will be better to make it clear for others.
Hey Lebanese - I think its easiest to show in pictures. Heres a recent example on NZD/USD showing two separate long setups. So essentially use the non lag dot as your "signal". However, instead of waiting for a breakout bar. You simply take the first pullback following the "signal" So after a change in color occurs that is technically a potential new swing starting.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 85 KB


Then you take a fib retracement tool. Only use only the 50% and 62% as entry zone. Then add on a -23% and -62% as target zone. You start the fib pull from the lowest low prior to the signal dot or bar... to the highest high around the signal bar. In this example if you took the 50% plus 4 Pips + Pip Spread you would have a great entry. I usually like to use 2-4 pips just depending on how aggressive you want to be. See chart

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 87 KB


Second entry....

Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 86 KB


Note here how you have a blue dot then a red dot. In this case this its still a signal. But you dont know the next one is red until it closes. In any event this is how you would draw the fib tool. In this case it would not have filled anyway since its more than 4 pips. Even if you got filled you could just close out the trade if the next dot is red as well.

Attached Image (click to enlarge)
Click to Enlarge Name: Image5.png Size: 85 KB


Hope that helps I can keep showing examples... If its still unclear.
0 traders viewing now