trend catching with NonLagDot indicator

What program did you use to generate that list?

Anyone knows of similar NLD indicator for NinjaTrader? I would like to try on a live ES account.

Master Lebaneese

Im thinking about test the system in D1 TF, do you think it would work fine with same indicator settings??

I think D1 would be more quite and simple, and I could trade every signal as its just one candle close a Day.


Thanks
Toni

You need 2 dot only can determine the trend. So this is not a valid entry.
Maybe can wait answer from master Lebaneese

Try

​Count me out! I am signing off on a great thread.

another try on NU, am i right this time?

BTW, after GU hit the SL, then bounce back to ++....too bad, not my day for GU.

what its mean?

Hello Toni

That is exactly what I am doing. I love the Daily chart as I only go for big moves. I watch the charts just 10 minutes a day at candle close. And it is almost universally true that ALL trading systems work much better on higher timeframes as there is far less "noise". The Daily is ideal for this.

Be sure you have a GMT+2 broker (most decent brokers are GMT+2 anyway). The FX markets are open 5pm Sunday to 5pm Friday, New York time. This corresponds to 10pm Sunday to 10pm Friday UK time. So if your charts are GMT+2 trading starts 0000 Sunday and finishes 2359 Friday (chart time).

This means you get exactly 5 Daily candles per week with no pesky "Sunday candle".

Even if your broker is not GMT+2, I advise getting a demo account on a broker who is, purely for analysis purposes.

Regards the settings, I have tried and backtested a wide range. The NonLagDot indicator is nothing more than a (reasonably optimised) sinc filter. i.e. Its filter coefficients are just a sin(x)/x series. It can be shown mathematically that such filters have optimally low lag, although the phase response is far from flat!

So increasing the Period (i.e length) of the filter makes only a small difference to the lag. If you try several different settings you will see what I mean. They all turn within a few bars of each other.

So all you are really interested in is the smoothness of the filter. I am interested in going for monster runs, taking maybe 4 trades a year on each pair.

I am currently using 50 as my setting, but I am still investigating the optimum for various pairs, indices and commodities I want to trade.

If I had been using this 18 months ago I shudder to think how much we could have made on Oil....

Best wishes to all and kind regards,

Old Dog

.

​GU was a good signal even if it was a loss , but was nice entry for me . You will have other chance to cover it back.

​I see no signal for NU . This trade not for the system.

Hi traders,

It seems like most of yen pairs are almost ready for a BUY set up. What do you think Lebanesse?


thank you
toni

Thank you Smooth for your support, waiting the second part.

​I have no idea how daily could be , but if u get a fast look on the history you will have for sure a clear idea if it is good or not .

​Dave , sorry but I didn't get the reply well, can u make it more clear. Thank you.

EU today was good entry.

​GU today was a loss.

​UJ was today Hero.

EJ also not bad at all.

Exactly. Not every trade is a winner, and not every basket will be one either. BUT in the long term there will be more winners than losers. We are riding waves of momentum, and just like a surfer some of the waves are easy to ride and some will wipe you out in the blink of an eye.

Just like in the ocean, where there is always another wave to be ridden, in the markets there is always another day to trade. Size your lots so you aren't over extending your equity, which gives you another chance to trade tomorrow, and don't be greedy. Gladly take what the market gives you.

GREEN pips to one and all, and I will especially say "THANK YOU" for the way Mr. Lebaneese gives of himself to this thread.