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trend catching with NonLagDot indicator

  • #401
  • Jan 6, 2016 4:08am Jan 6, 2016 4:08am
Quoting SmoothTrader
For those of you interested in running your trades as a Basket, here is a great Multi Purpose Basket Manager for you. GREEN pips to one and all {file}
​thank you Smooth for sharing this indicator.
  • #402
  • Jan 6, 2016 5:12am Jan 6, 2016 5:12am
[quote=Lebaneese;8671898]
Quoting L.m
Hi Lebaneese, first thanks for sharing you system. How many pips the price has to move beyond the retracement candle in order to consider it as a valid break? Does this number change according to the time frame? Thank you Marco[/quote ​For me break is a break , and 1 pip is enough for break confirmation.
Ok many thanks for your answer.
M.
  • #403
  • Jan 6, 2016 6:40am Jan 6, 2016 6:40am
as the market is mostly tending, the indicator will provide its best as a parabolic SA
enjoy and get your profit base from these obvious trends
  • #404
  • Jan 6, 2016 7:46am Jan 6, 2016 7:46am
Quoting Ntim2000
as the market is mostly tending, the indicator will provide its best as a parabolic SA enjoy and get your profit base from these obvious trends
the idea is not about the indicator, it is about being on train board when trend start. The basket will give balance in ranging market as at least 2 or 3 pairs should be well trending.
  • #405
  • Jan 6, 2016 8:16am Jan 6, 2016 8:16am
​Dave today i was checking the EA and it need some adjustment.
1- it is not taking 2 opposite trades.
2- it is not following the full retracement candle (taking order from first retracement candle, which mean loosing many good pips).
3- it is not canceling the pending order when we have change in nonlagdot color.
  • #406
  • Jan 6, 2016 8:29am Jan 6, 2016 8:29am
Dave, ist it possible to let EA trade with original rules as Evghen trades
"So, for my entries I used default rules. The SL is standard as well- at the previous Hight/Low. No TP - we try to catch the big moves. Once I get an opposite signal I will set my limit order for my new trade and I will move my SL at the same price. So if the new order is filled, the old one is closed. Then, after 3 hours of US session I will close all trades. Usually after that time the market is not worth to trade for intraday."

Many thanks Lebaneese and Dave and orhers.
  • #407
  • Jan 6, 2016 8:55am Jan 6, 2016 8:55am
Quoting Dave_C
{quote} Please ensure you have the latest version of the EA at Post #304.

Yes , I have installed the last version. Ofcourse i have installed that on several charts with the same magic number.
  • #408
  • Jan 6, 2016 8:55am Jan 6, 2016 8:55am
Quoting Lebaneese
​Dave today i was checking the EA and it need some adjustment. 1- it is not taking 2 opposite trades. 2- it is not following the full retracement candle (taking order from first retracement candle, which mean loosing many good pips). 3- it is not canceling the pending order when we have change in nonlagdot color.
I have a question
U exit trade when the indicator change color after candle close or u exit when get another signal?
  • #409
  • Jan 6, 2016 9:06am Jan 6, 2016 9:06am
Quoting mortezakh
{quote} I have a question U exit trade when the indicator change color after candle close or u exit when get another signal?
I exit when basket hit my target not when it change color, color has no influence on open trades.
  • #410
  • Jan 6, 2016 9:12am Jan 6, 2016 9:12am
Quoting Lebaneese
​Dave today i was checking the EA and it need some adjustment. 1- it is not taking 2 opposite trades. 2- it is not following the full retracement candle (taking order from first retracement candle, which mean loosing many good pips). 3- it is not canceling the pending order when we have change in nonlagdot color.
​You are correct about the entry point not being adjusted on further retracement and I am testing an amendment at the moment. When I wrote the original EA, I did test the movement of the entry point on subsequent retracements and removed this aspect to be conservative.

The pending orders are being cancelled already with a change in color of the nonlagdot.

Will post an amendment after the end of the test which is underway now. It takes about 5+ hours to run and I am gauging the effectiveness against the original setting of the first retracement. Also I have taken the Take Profit right out to 1000 to allow the trend to exhaust.

Not sure what you mean about not taking 2 opposite trades?
  • #411
  • Jan 6, 2016 9:14am Jan 6, 2016 9:14am
Quoting Dave_C
{quote} ​You are correct about the entry point not being adjusted on further retracement and I am testing an amendment at the moment. When I wrote the original EA, I did test the movement of the entry point on subsequent retracements and removed this aspect to be conservative. The pending orders are being cancelled already with a change in color of the nonlagdot. Will post an amendment after the end of the test which is underway now. It takes about 5+ hours to run and I am gauging the effectiveness against the original setting of the first...
​thank you for your effort , hope all will appreciate that.
  • #412
  • Jan 6, 2016 9:28am Jan 6, 2016 9:28am
Quoting Lebaneese
{quote} I exit when basket hit my target not when it change color, color has no influence on open trades.
Could you please explain if you for example in eur\usd have sell and its a negative signal and price move up and indicator change color to blue and u in -30 u don't exit with this pair? If you don't exit when u get a buy signal with eur\usd what do you do????
Please explain its very important
Thanks
  • #413
  • Jan 6, 2016 9:39am Jan 6, 2016 9:39am
Quoting mortezakh
{quote} Could you please explain if you for example in eur\usd have sell and its a negative signal and price move up and indicator change color to blue and u in -30 u don't exit with this pair? If you don't exit when u get a buy signal with eur\usd what do you do???? Please explain its very important Thanks
​let me explain 2 ways to trade basket:
1- u can keep two open opposite trades which mean u canceled this pair from basket.
2-u keep both trades each with a specific stop loss.

will give a clear example of that today GU.
  • #414
  • Jan 6, 2016 9:42am Jan 6, 2016 9:42am
this is GU chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 82 KB
  • #415
  • Jan 6, 2016 9:45am Jan 6, 2016 9:45am
or u can forget GU from basket and admit the gap between 2 orders which is in this case:
buy order at 1.4665 and sell order at 1.4630 ( gap of 35 pips to be covered with other pairs)
  • #416
  • Jan 6, 2016 9:54am Jan 6, 2016 9:54am
Quoting Lebaneese
or u can forget GU from basket and admit the gap between 2 orders which is in this case: buy order at 1.4665 and sell order at 1.4630 ( gap of 35 pips to be covered with other pairs)

thanks a lot I get it
  • #417
  • Jan 6, 2016 9:55am Jan 6, 2016 9:55am
Quoting Lebaneese
or u can forget GU from basket and admit the gap between 2 orders which is in this case: buy order at 1.4665 and sell order at 1.4630 ( gap of 35 pips to be covered with other pairs)
​I think the confusion comes from the statement at Post #1

Quote: TP could be fix target depending on each pair or we can go with trend until NonLagDot change color.

I have set up the EA to close trades with the change in color so I look for some guidance also.
  • #418
  • Jan 6, 2016 9:57am Jan 6, 2016 9:57am
will start posting today trades.
EU
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 80 KB
  • #419
  • Jan 6, 2016 10:16am Jan 6, 2016 10:16am
[quote=Dave_C;8674636]{quote} ​I think the confusion comes from the statement at Post #1 Quote: TP could be fix target depending on each pair or we can go with trend until NonLagDot change color. I have set up the EA to close trades with the change in color so I look for some guidance also.[/quote

​Dave post 1 is updated.
If trading each pair alone I think it is better to exit when Nonlagdot change color.
but with basket we don't need to check each pair alone just we check if opposite signal appear before hitting SL.
  • #420
  • Jan 6, 2016 10:18am Jan 6, 2016 10:18am
GU
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 80 KB
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