Attachments: trend catching with NonLagDot indicator

trend catching with NonLagDot indicator

#541
Jan 8, 2016 10:43am Jan 8, 2016 10:43am

Elovv
| Joined Aug 2007 | Status: Trader | 747 Posts

Quoting Lebaneese

Disliked

{quote} is this with EA ? if yes I am not trading it ask Dave about it he is the coder.

Ignored

Yes, with EA. Nice if it can trade with Your rules!
Best wishes

#542
Jan 8, 2016 10:57am Jan 8, 2016 10:57am

Lebaneese
Joined Jun 2010 | Status: Full time trader | 1,349 Posts

Hope someone catch all those trends.

#543
Jan 8, 2016 11:06am Jan 8, 2016 11:06am

mortezakh
| Joined Nov 2015 | Status: Trader | 274 Posts

Quoting Lebaneese

Disliked

Hope someone catch all those trends.

Ignored

You have a target from your basket ,do you have a target lose for close basket?
I mean when basket go to negative pips like -100 we open it or close it and trade again?
Thanks

#544
Jan 8, 2016 11:06am Jan 8, 2016 11:06am

Lebaneese
Joined Jun 2010 | Status: Full time trader | 1,349 Posts

Quoting mortezakh

Disliked

{quote} You have a target from your basket ,do you have a target lose for close basket? I mean when basket go to negative pips like -100 we open it or close it and trade again? Thanks

Ignored

no down target, I keep it open until it cover back.

#545
Jan 8, 2016 11:27am Jan 8, 2016 11:27am

SmoothTrader
Joined Oct 2008 | Status: Perpetual Student of the Charts | 947 Posts

Quoting Lebaneese

Disliked

{quote} no down target, I keep it open until it cover back.

Ignored

I know the question will come up so I'll ask it of you Mr. Lebanesse: what has been the largest negative in one of your baskets?

I have only been trading the 30 minute time frame live for this week, and according to the MPBM the largest DrawDown in pips of any of my baskets has been 50.7 pips. My basket is set to close at 250 pips, so that is a very acceptable Risk to Reward ratio. Again this is only one week!!!

I trade it manually on my core 10 pairs (AJ, AU, EA, EJ, EU, GA, GJ, GU, NU, UJ) and use the attached scripts to enter my orders.

GREEN pips to one and all, and especially Lebanesse and Dave C.

Attached File(s)

NonLag Basket -Stop Buy Order.mq4 1 KB | 439 downloads

Attached File(s)

NonLag Basket -Stop Sell Order.mq4 1 KB | 404 downloads

#546
Jan 8, 2016 12:07pm Jan 8, 2016 12:07pm

fxfury
| Joined Mar 2012 | Status: Trader | 204 Posts

Quoting SmoothTrader

Disliked

{quote} I know the question will come up so I'll ask it of you Mr. Lebanesse: what has been the largest negative in one of your baskets? I have only been trading the 30 minute time frame live for this week, and according to the MPBM the largest DrawDown in pips of any of my baskets has been 50.7 pips. My basket is set to close at 250 pips, so that is a very acceptable Risk to Reward ratio. Again this is only one week!!! I trade it manually on my core 10 pairs (AJ, AU, EA, EJ, EU, GA, GJ, GU, NU, UJ) and use the attached scripts to enter my orders....

Ignored

Could you explain a little how the script operates. Would u have to re-apply if it already took one buy or sell on the day?

#547
Jan 8, 2016 2:17pm Jan 8, 2016 2:17pm

SmoothTrader
Joined Oct 2008 | Status: Perpetual Student of the Charts | 947 Posts

Quoting fxfury

Disliked

{quote} Could you explain a little how the script operates. Would u have to re-apply if it already took one buy or sell on the day?

Ignored

These are scripts which are "one time" use when you activate them, as opposed to EA's which work continually.

Here's how I use them for my manually basket trading. I have the Multi Purpose Basket Manager (MPBM) installed and running on one of my charts with the EA MagicNumber set to correspond with the MagicNumber of my two scripts "11699" and the EA comment corresponding to the comment of my two scripts too "NonLag Basket". This sets it up so that MPBM will manage all of my trades initiated by the scripts and only those trades so that it does not affect any of my other trading. I also have the scripts setup with "Hot Keys" so that it only takes a couple of key strokes to open them whenever I want.

Now for their actual use. I scan the charts and look for the proper setup as described by Mr. Lebanesse. When I find one (first down bar after blue dot for example) I hit my "Hot Key" (<ctr> B in my case) and the script screen pops up. I enter the price that I want my pending stop buy order placed at and the number of units. When you press the OK button the order will be entered and waiting to be executed. If the order is filled, it becomes part of my basket and is controlled by the MPBM. If the order is not filled and the market conditions change (change of color to red dots and continual movement down), then I manually cancel the order in the usual way.

The scripts simple save some key strokes and make life easier.

If you , or anyone for that matter, want a more in depth explanation, please PM me and I will get back with you as soon as I can. This way we can keep this thread as clean as possible.

Remember that GREEN pips are not just in the form of money. They can take the form of smiles, understanding, friendship, love, respect........too. So to each and everyone of you, I wish that may your account, and your life, be filled with GREEN pips.

ps You can go into the mq4 file of the scripts and change the MagicNumber and Comments to whatever you want them to be.

#548
Jan 8, 2016 3:19pm Jan 8, 2016 3:19pm

kasrafx
| Joined Aug 2014 | Status: Trader | 489 Posts

Quoting SmoothTrader

Disliked

{quote} Check post #398. I uploaded a Multi-Purpose Basket Manager that handles your request quite nicely. GREEN pips to one and all.

Ignored

Thanks for your help SmoothTrader , I'll download it.

#549
Edited 5:14pm Jan 8, 2016 3:55pm | Edited 5:14pm

kasrafx
| Joined Aug 2014 | Status: Trader | 489 Posts

Quoting Lebaneese

Disliked

UJ {image}

Ignored

Lebaneese ,some of my signals and entries have been different from yours, have i been wrong?

Attached Image (click to enlarge)

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#550
Edited Jan 9, 2016 12:54am Jan 8, 2016 5:32pm | Edited Jan 9, 2016 12:54am

Dave_C
| Commercial User | Joined Jun 2009 | 1,676 Posts

Calculating Stop Loss on last swing high or low and calculating close of trades on nonlagdot reversal has created additional considerations relating to wager size. Thankyou to IPlaton for correcting my logic on the swing highs and lows.

If risk is to be calculated as percentage of equity, the wager lots will vary based of the distance of the reversal bar from the last swing high or low.

It was necessary to expand the length of WMA in order to prevent premature closure of trades using nonlagdot reversal as the closing criteria. The legacy of this is the further removed position of the last swing high or low.

To put matters into perspective, this is what backtesting using the EA has highlighted. You cannot sucessfully trade in the long term using a WMA of 20, using the last swing high or low as the stop loss level and closure of trade being nonlagdot reversal. I have amended the EA to calculate lot value based on the distance from the last swing high or low if that is the required method of stop loss and you are using equity risk %.

Even if you are not using the EA, you may ask what has this got to do with me. The answer is a lot, because you need to be aware of the risk you are taking when you decide where to position your stop loss. The further away from the proposed entry price that you position your stop loss without amending your wager lots, it means the more that you are increasing your risk and that risk may become excessive.

There was a question raised about lot size with JPY pairs but I am unaware that there are still any existing problems in that regard.

Look forward to your comments and a new EA is enclosed. Regarding basket management also read Post #235

Please check your download time with the last edited time above as I am finding extra factors which affect the EA. For example - the latest find is that the highest and lowest swings occur beyond 10 bars back from the nonlagdot change when the WMA length is extended out to values around 70 or 80 so I have just changed the highest and lowest calculations to proportionally factor in the lookback.

Attached File(s)

NonLagDotEA.ex4 30 KB | 311 downloads

NonLagDotEA.mq4 17 KB | 359 downloads

#551
Jan 9, 2016 12:45am Jan 9, 2016 12:45am

aud
| Joined Apr 2008 | Status: Trader | 1,040 Posts

Quoting SmoothTrader

Disliked

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}

Ignored

Thanks. Would you mind posting some comments on it's use or a link I could read up on.

I am not familiar with the term "adaptive", to appreciate the difference between pips t/p and adaptive pips t/p. When it comes to b/e, apart from the question of being adaptive or not there is also a question to lock or not?

Good Trading

#552
Jan 9, 2016 5:30am Jan 9, 2016 5:30am

ficibald
Joined Oct 2014 | Status: Trader | 871 Posts

Quoting Dave_C

Disliked

Calculating Stop Loss on last swing high or low and calculating close of trades on nonlagdot reversal has created additional considerations relating to wager size. Thankyou to IPlaton for correcting my logic on the swing highs and lows. If risk is to be calculated as percentage of equity, the wager lots will vary based of the distance of the reversal bar from the last swing high or low. It was necessary to expand the length of WMA in order to prevent premature closure of trades using nonlagdot reversal as the closing criteria. The legacy...

Ignored

we can try TP after 2 bars with different color