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trend catching with NonLagDot indicator

  • #441
  • Edited Jan 7, 2016 1:16am Jan 6, 2016 7:19pm | Edited Jan 7, 2016 1:16am
​For those interested in the EA, it would appear that the close trades on reversal of the nonlagdot indicator is diminishing returns on backtest with the default WMA length so I would suggest expanding the length to beyond 50 to allow for more tolerance in retracements.
  • #442
  • Jan 6, 2016 8:37pm Jan 6, 2016 8:37pm
Quoting Dave_C
​Yes, Yes and when contrary bar is completed in new direction.
You wouldn't necessarily think of that as being a good thing!

I am sure you will get many peeps like me asking about all sort of changes to your EA. (and I don't even know how to use one.)

But if I did, I would like to only take trades in terms of a higher T/F direction. So given that this thread is about trading with nonlagdots, if using say the m5 or m15 for trades I would only act on a signal to go long if the H1's last two dots are green. (that being for the current bar and the last closed bar.)
Good Trading
  • #443
  • Edited Jan 7, 2016 1:16am Jan 6, 2016 9:22pm | Edited Jan 7, 2016 1:16am
Quoting aud
{quote} You wouldn't necessarily think of that as being a good thing! I am sure you will get many peeps like me asking about all sort of changes to your EA. (and I don't even know how to use one.) But if I did, I would like to only take trades in terms of a higher T/F direction. So given that this thread is about trading with nonlagdots, if using say the m5 or m15 for trades I would only act on a signal to go long if the H1's last two dots are green. (that being for the current bar and the last closed bar.)
​That's a great comment and is what makes these think tanks so productive. It's probably time for me to leave the EA alone as I have been caught in the past trying to tweak and overcomplicating things.

I mentioned in my previous post that with smaller WMA values such as 20, the automatic close of the trade on the change of the nonlagdot color diminishes returns and I would advise of a larger setting around 70 to prevent this from happening.
  • #444
  • Jan 6, 2016 9:47pm Jan 6, 2016 9:47pm
Quoting Dave_C
{quote} It's probably time for me to leave the EA alone as I have been caught in the past trying to tweak and overcomplicating things.
Please don't stop the development because of anything I've said. Your contribution here is huge with the EA , MM and back testing. I'm sure it's appreciated by many, who have just not commented yet. (like me) You seeing value in the thread is the reason I've kept following it.
Good Trading
  • #445
  • Jan 6, 2016 9:57pm Jan 6, 2016 9:57pm
Labaseese's thread has been taken to a new level. Thanks dave
  • #446
  • Edited 1:44am Jan 7, 2016 12:28am | Edited 1:44am
​Using TakeProfit 9999 in the EA is causing an Order Send error so please use TakeProfit 1000 to trade with nonlagdot reversal as the close signal.

Please read Post #441 above also. Latest download Post #434
  • #447
  • Jan 7, 2016 1:57am Jan 7, 2016 1:57am
Quoting Lebaneese
{quote} ​this candle I call it signal candle. the break of this candle is the entry point.


Hi Lebaneese, could you tell me more about your exact entry point? do you mean that you enter after closing a candle (for example a sell entry) lower the signal candle or you enter the trade as soon as the price passes the lower point of signal candle?
also can you give us some examples of your exact entry points by picture?
thanks in advance
  • #448
  • Jan 7, 2016 2:18am Jan 7, 2016 2:18am
run latest EA tonight.i did something wrong?why there is such big loss if sl is 2% of capital? attached screenshot from trade history there is loss - 546.There is something with JPY pairs what value I need to change?Maybe for JPY pairs set risk not 2 but 0.2 %?
Attached Image (click to enlarge)
Click to Enlarge Name: thfh.png Size: 79 KB
  • #449
  • Jan 7, 2016 2:20am Jan 7, 2016 2:20am
Are you still going to post pictures on individual trades? Very interesting system so far.
Know your edge and trade within it
  • #450
  • Jan 7, 2016 2:28am Jan 7, 2016 2:28am
EURJPY - Waiting on bull candle. I would post a few more of these charts that might be setting up.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1_JAN7th_16.png Size: 29 KB
Know your edge and trade within it
  • #451
  • Edited 2:49am Jan 7, 2016 2:30am | Edited 2:49am
Quoting ficibald
run latest EA tonight.i did something wrong?why there is such big loss if sl is 2% of capital? attached screenshot from trade history there is loss - 546.There is something with JPY pairs what value I need to change? {image}
You cannot just post your trade journal and expect to get answers. Please PM me with your inputs and I will attempt to help.
  • #452
  • Jan 7, 2016 2:49am Jan 7, 2016 2:49am
Quoting kasrafx
{quote} Hi Lebaneese, could you tell me more about your exact entry point? do you mean that you enter after closing a candle (for example a sell entry) lower the signal candle or you enter the trade as soon as the price passes the lower point of signal candle? also can you give us some examples of your exact entry points by picture? thanks in advance
Read his posts in this thread. He has already said a handful of times when he enters. Donīt be lazy.
  • #453
  • Jan 7, 2016 2:50am Jan 7, 2016 2:50am
EURUSD - Waiting on Bull Candle "Signal Candle" . The line in the chart is 50% fib from top to its current bottom. Still have 10mins to print this current bar though.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30_JAN7th_16.png Size: 28 KB
Know your edge and trade within it
  • #454
  • Jan 7, 2016 2:52am Jan 7, 2016 2:52am
Quoting SeaTheStars
{quote} Read his posts in this thread. He has already said a handful of times when he enters. Dont be lazy.
Good morning. What Pairs are you watching this morning?
Know your edge and trade within it
  • #455
  • Jan 7, 2016 3:03am Jan 7, 2016 3:03am
EURUSD update : Retraced too far. Will wait for the next color change on EURUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30_Jan7th_retrace.png Size: 31 KB
Know your edge and trade within it
  • #456
  • Jan 7, 2016 3:06am Jan 7, 2016 3:06am
AUDUSD - Waiting on the bull candle "Signal bar"
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30_JAN7th_16.png Size: 32 KB
Know your edge and trade within it
  • #457
  • Jan 7, 2016 3:11am Jan 7, 2016 3:11am
Quoting Dave_C
{quote} You cannot just post your trade journal and expect to get answers. Please PM me with your inputs and I will attempt to help.
ok thanks
  • #458
  • Jan 7, 2016 3:20am Jan 7, 2016 3:20am
EURJPY Update - Seems like EUR wants to move higher... Will wait for the next ball color change and setup.
Know your edge and trade within it
  • #459
  • Jan 7, 2016 3:39am Jan 7, 2016 3:39am
EURUSD - A large move up has changed the color of the dot . Waiting on Signal candle and pullback to about the 50% area.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30_JAN7th_16_long.png Size: 26 KB
Know your edge and trade within it
  • #460
  • Jan 7, 2016 3:44am Jan 7, 2016 3:44am
Quoting SeaTheStars
{quote} Read his posts in this thread. He has already said a handful of times when he enters. Dont be lazy.

sorry , I got it from first page
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