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trend catching with NonLagDot indicator

  • #561
  • Jan 9, 2016 7:38am Jan 9, 2016 7:38am
EN still in up trend
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  • #562
  • Jan 9, 2016 7:42am Jan 9, 2016 7:42am
GJ still in down trend
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Click to Enlarge Name: GBPJPYH4.png Size: 29 KB
  • #563
  • Jan 9, 2016 7:43am Jan 9, 2016 7:43am
AJ also down trend
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  • #564
  • Edited 8:02am Jan 9, 2016 7:45am | Edited 8:02am
CJ gave up signal with some DD now could hit SL next week may be.
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  • #565
  • Jan 9, 2016 8:58am Jan 9, 2016 8:58am
You know what would be nice, if someone would make an nonlag dot MTF indicator. Perhaps with various settings as 5m, 15m, 1hr, 4h, 1d etc.
Trade with confidence, trade without fear.
  • #566
  • Edited 1:49pm Jan 9, 2016 11:20am | Edited 1:49pm
Quoting aud
{quote} 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?
Here is the documentation from the website of the author (www<DOT>stevehopwoodforex<DOT>com/phpBB3/viewtopic<DOT>php?p=16112#p16112):

Multi Purpose Basket Manager is an EA, put it in the experts folder. The EA monitors your basket and closes all trades is needed.

User settings:

  1. MagicNumber - Magic number to limit this EA to.
  2. TradeComment - Trade comment to limit this EA to, blank to disable.
  3. AdaptivePipsTakeProfit - Pips per open trade to use for TakeProfit. Use 0 to disable this. (This is a value in pips of profit where an individual position within the basket will be closed regardless of whether the basket is closed or not. I personally set it to zero)
  4. PipsTakeProfit - Pips TakeProfit, overrides above (This is a value in total pips profit where the basket will be closed. I personally set it to 0)
  5. CashTakeProfit - Cash TakeProfit (This is a value in $ of profit where the basket will be closed. Mr. Lebanesse would set it to $1000 for example)
  6. RewardPercentageTakeProfit - Percent of account TakeProfit (This is a % value that when multiplied by the account will give the $ take profit for the basket)
  7. AdaptivePipsStopLoss - Pips per open trade to use for StopLoss. Use 0 to disable this. (Same as AdaptivePipsTakeProfit but for loss)
  8. PipsStopLoss - Pips StopLoss, overrides above (This is a value in total pips of loss where the basket will be closed. I personally set it to 0)
  9. CashStopLoss - Cash StopLoss (This is a value in $ of loss where the basket will be closed)
  10. RiskPercentageStopLoss - Percent of account StopLoss (This is a % value the when multiplied by the account will give the $ stop loss for the basket)
  11. BreakEvenProfitPips - Breakeven profit in pips where BreakEvenProfitPipsLock will be activated, set to 0 to disable
  12. BreakEvenProfitPipsLock - Breakeven pips (Pips above Break Even to lock in as a StopLoss once the basket has reached profit equal to BreakEvenProfitPips)
  13. AdaptiveBreakEvenProfitPips - Breakeven profit in pips per open trade, set to 0 to disable (Same as BreakEvenProfitPips but for individual pairs instead of the basket as a whole)
  14. AdaptiveBreakEvenProfitPipsLock - Breakeven pips per open trade (Same as BreakEvenProfitPipsLock but for individual pairs instead of the basket as a whole)
  15. JumpingStopPips - Jumping stop pips, 0 to disable
  16. AdaptiveJumpingStopPips - Jumping stop pips per trade, 0 to disable

All the TEAL comments are mine.

Hopefully that helps to explain all the inputs. Beyond this, if someone needs even more help please PM me.
I want to keep Mr. Lebanesse's thread uncluttered by my ramblings.
GREEN pips to you.

  • #567
  • Jan 9, 2016 11:30am Jan 9, 2016 11:30am
Quoting SmoothTrader
{quote} Here is the documentation from the website of the author (www<DOT>stevehopwoodforex<DOT>com/phpBB3/viewtopic<DOT>php?p=16112#p16112): Multi Purpose Basket Manager is an EA, put it in the experts folder. The EA monitors your basket and closes all trades is needed. User settings: MagicNumber - Magic number to limit this EA to. TradeComment - Trade comment to limit this EA to, blank to disable. AdaptivePipsTakeProfit - Pips per open trade to use for TakeProfit. Use 0 to disable this. (This is a value in pips of profit where an individual position...
Very useful thanks
  • #568
  • Jan 9, 2016 2:45pm Jan 9, 2016 2:45pm
It's been working really well for me so far but the only problem I'm having is to identify an appropriate SL. In the basket some currency pairs are more volatile than others and so one failed bid on such pairs could wipe out the gains made on several other relatively moderate pairs. One solution to this problem could be to set a smaller lot size on there pairs. Any advice?
  • #569
  • Jan 9, 2016 3:11pm Jan 9, 2016 3:11pm
Quoting SmoothTrader
{quote} Here is the documentation from the website of the author (www<DOT>stevehopwoodforex<DOT>com/phpBB3/viewtopic<DOT>php?p=16112#p16112): Multi Purpose Basket Manager is an EA, put it in the experts folder. The EA monitors your basket and closes all trades is needed. User settings: MagicNumber - Magic number to limit this EA to. TradeComment - Trade comment to limit this EA to, blank to disable. AdaptivePipsTakeProfit - Pips per open trade to use for TakeProfit. Use 0 to disable this. (This is a value in pips of profit where an individual position...
Thank you for sharing this valuable information. For sure it will help the traders.
  • #570
  • Jan 9, 2016 3:18pm Jan 9, 2016 3:18pm
Quoting failedbid
It's been working really well for me so far but the only problem I'm having is to identify an appropriate SL. In the basket some currency pairs are more volatile than others and so one failed bid on such pairs could wipe out the gains made on several other relatively moderate pairs. One solution to this problem could be to set a smaller lot size on there pairs. Any advice?
your problem can be fix with calculating each pair size.
http://www.earnforex.com/position-size-calculator
  • #571
  • Edited 5:29pm Jan 9, 2016 4:27pm | Edited 5:29pm
​The CloseTrades EA and the NonLagDot EA are now linked together.

The CloseTrades EA will close all active NonLagDotEA's (you nominate the Magic Number range) when the required basket StopLoss or TakeProfit result is achieved.
It will send a dummy limit order which the NonLagDot EA recognizes as a discontinue trading signal.

Once the dummy order is deleted, any chart with an active NonLagDot EA will recommence trading.
Remember to revise your Starting Equity, Profit and Loss Targets in the CloseTrades inputs before manually deleting the dummy order.

Place the CloseTrades EA and the xl8er indicator on any independant chart and a running equity balance will be displayed.
Attached Image
Attached File(s)
File Type: ex4 CloseTrades.ex4   8 KB | 345 downloads
File Type: mq4 CloseTrades.mq4   2 KB | 413 downloads
File Type: ex4 NonLagDotEA.ex4   31 KB | 396 downloads
File Type: mq4 NonLagDotEA.mq4   17 KB | 494 downloads
File Type: mq4 xlr8er.mq4   2 KB | 467 downloads
  • #572
  • Jan 9, 2016 5:58pm Jan 9, 2016 5:58pm
Quoting failedbid
It's been working really well for me so far but the only problem I'm having is to identify an appropriate SL. In the basket some currency pairs are more volatile than others and so one failed bid on such pairs could wipe out the gains made on several other relatively moderate pairs. One solution to this problem could be to set a smaller lot size on there pairs. Any advice?
Hello failebid,

You can use this indi to size your trades to the same %, hope it helps

4x
Attached File(s)
File Type: ex4 lot size calc.ex4   3 KB | 467 downloads
  • #573
  • Jan 9, 2016 6:32pm Jan 9, 2016 6:32pm
Hi Lebaneese,thank you for share a great indicator.

Could you tell me how to modify parameter if I trade H1,H4,D... chart? different from M30 right?
  • #574
  • Jan 9, 2016 6:36pm Jan 9, 2016 6:36pm
Quoting failedbid
It's been working really well for me so far but the only problem I'm having is to identify an appropriate SL. In the basket some currency pairs are more volatile than others and so one failed bid on such pairs could wipe out the gains made on several other relatively moderate pairs. One solution to this problem could be to set a smaller lot size on there pairs. Any advice?
Also for those who don't know... here is a nice little "Easy Order" script by sangmane for placing trades where you can set fixed lots or a percentage of your balance.

http://www.forexfactory.com/showthread.php?t=281772
  • #575
  • Jan 10, 2016 1:24am Jan 10, 2016 1:24am
Have a little question. Currency pairs are EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, USDJPY, EURJPY, GBPJPY, CHFJPY, AUDJPY, NZDJPY, EURNZD? At first post they are named like EU,GU,AU,NU,UC,UJ,EJ,GJ,CJ,AJ,NJ,EN - so i am not quite sure I got it right.
  • #576
  • Jan 10, 2016 10:26am Jan 10, 2016 10:26am
Quoting fedos
have a little question. Currency pairs are eurusd, gbpusd, audusd, nzdusd, usdchf, usdjpy, eurjpy, gbpjpy, chfjpy, audjpy, nzdjpy, eurnzd? At first post they are named like eu,gu,au,nu,uc,uj,ej,gj,cj,aj,nj,en - so i am not quite sure i got it right.
​uc=usd/cad
cj=cad/jpy
  • #577
  • Jan 10, 2016 10:41am Jan 10, 2016 10:41am
Lebaneese and Dave,

I mainly just lurk but signed up at FF just so I could post to personally thank both of you for your efforts to help others become successful at this very tough business.

Dave, just an observation. I use NinjaTrader with Interactive Brokers Forex data and I noticed that this NLD indicator is matching up pretty darn close to a standard 9 period WMA. The NLD just has more math going on to reduce a longer period down to lower period "classic WMA" calculation stuff.

Also, I think Lebaneese mentioned a point about trading the basket which US-based Forex traders cannot take advantage of. The way I read it, it sounded to me like he can decide to 100% hedge the effects of a particular currency pair during the lifetime of a basket by going short and long that pair in his one account. That's something not permissible to Forex trading in the US. One would have to have separate Forex accounts.
  • #578
  • Jan 10, 2016 7:31pm Jan 10, 2016 7:31pm
Quoting 4xPIPAHOLIC
{quote} Hello failebid, You can use this indi to size your trades to the same %, hope it helps 4x {file}
Helpful. thank you for sharing
  • #579
  • Jan 10, 2016 7:56pm Jan 10, 2016 7:56pm
Quoting 4xPIPAHOLIC
{quote} Hello failebid, You can use this indi to size your trades to the same %, hope it helps 4x {file}
It says 30SL 2%RISK 0.34. Does it mean that with 30sl you'll risk 2% of your capital?Am i reading it correct? And what is 0.34? Sorry i couldn't quite figure out.
  • #580
  • Jan 10, 2016 7:58pm Jan 10, 2016 7:58pm
Quoting failedbid
{quote} It says 30SL 2%RISK 0.34. Does it mean that with 30sl you'll risk 2% of your capital?Am i reading it correct? And what is 0.34? Sorry i couldn't quite figure out.
It means if you place a 30 pip StopLoss for a trade on that particular pair and want to risk 2% of your account value, you would use 0.34 as your lot size. You can adjust your StopLoss and/or your risk % and it will change the lot size.

GREEN pips to you good sir.
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