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trend catching with NonLagDot indicator

  • #1,641
  • Jan 22, 2016 7:50am Jan 22, 2016 7:50am
Have started trading late. This is my NJ order. Have used fib line 1.681 to help me with target. Also used fib (not shown on chart) to confirm down trend (by measuring prev high swing to current low swing. It hit the .681 line, so that confirmed that down trend was valid)
Attached Image (click to enlarge)
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  • #1,642
  • Jan 22, 2016 7:53am Jan 22, 2016 7:53am
AU - my order got hit, third red candle was the signal. fourth current candle hit it. It looked like its completing an M (otherwise known as a double top) so I've placed my target where I thought start of M was.
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Click to Enlarge Name: Image1.png Size: 27 KB
  • #1,643
  • Jan 22, 2016 7:56am Jan 22, 2016 7:56am
AJ order got hit then hit my target for $2.11 profit on .01 lot. Dunno how many pips that was sry.

EJ - looks like JPY getting hit hard by most currencies. My target for this one was from the 4hr chart. I put it at bottom of bolinger. fib lines did nothing for me on 30, 1hr TF

Once balance hit 10$, I will most likely close
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Click to Enlarge Name: Image1.png Size: 36 KB
  • #1,644
  • Jan 22, 2016 7:59am Jan 22, 2016 7:59am
Quoting Old_Dog
Hello All This method is absolutely superb! It has everything you could want from a trading system. While waiting for some of my "Daily monsters" to trigger, I have been playing with the M30 baskets and I am very impressed. I have been trading for 28 years and over that time I have slowly (and painfully) developed the ability to "read a naked chart". As you all know, this does not come easily or quickly and takes many hundreds of hours of chart time.
Hello Old Dog

My experience is nowhere near yours, but I too am a fan of "pure price action". Great post and good to have another PA lover on board. Needless to say, I'm here for the same reasons - this strategy is pure gold. Do keep sharing your thoughts.

Best regards,
Kosmo
mind over matter
  • #1,645
  • Jan 22, 2016 8:01am Jan 22, 2016 8:01am
Quoting Albertdkpllh
This is my last trade for the day. Got back my -65 pips and more......... Full blast on this rather simple system. Thanks to all. {image}
UPDATE: + 70
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM30.png Size: 56 KB
My help is in the name of the Lord who made heaven and earth.
  • #1,646
  • Jan 22, 2016 8:05am Jan 22, 2016 8:05am
Quoting ShadowWorks
{file}
  • #1,647
  • Jan 22, 2016 8:06am Jan 22, 2016 8:06am
May be this is head and shoulder pattern in NJ
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY.PNG Size: 46 KB
  • #1,648
  • Jan 22, 2016 8:08am Jan 22, 2016 8:08am
change entry point: EN, NU

cancel BUY order: NJ
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURNZDM30.png Size: 34 KB
Click to Enlarge Name: NZDUSDM30.png Size: 35 KB
  • #1,649
  • Jan 22, 2016 8:13am Jan 22, 2016 8:13am
Color change in the USDJPY
Know your edge and trade within it
  • #1,650
  • Jan 22, 2016 8:16am Jan 22, 2016 8:16am
Quoting Lebaneese
this a trade from one of my new students . {image}
EA does the job in about 8 hours. Probably earlier. Was not awake to tell whether the job was done even earlier...

A couple of observations that may be a programming issue:
- Order #187574433 (EURJPY) was cancelled two seconds after it was placed.
- Two EURUSD orders were placed exactly at the same time (appearing as open orders)

Also suggest to have an input to check if the spread is within a certain pip value to avoid trading in uncertain market conditions when brokers raise spread very high.

Thanks Lebaneese and Dave.
Attached File(s)
File Type: pdf NoLagDot EA Statement.pdf   601 KB | 644 downloads
  • #1,651
  • Jan 22, 2016 8:20am Jan 22, 2016 8:20am
AN order. My target is wayyyyy down on the day chart. couldn't find target on lower TFs.

Huge retracement on three of my orders. Almost hit my 10$, now its gone down to negative. Just like last night. Hopefully it comes good again. Will hold my positions.
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Click to Enlarge Name: Image1.png Size: 30 KB
  • #1,652
  • Jan 22, 2016 8:27am Jan 22, 2016 8:27am
EN. Took a manual order as it broke passed the signal candle. Target is at the 1.618 fib line
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  • #1,653
  • Jan 22, 2016 8:33am Jan 22, 2016 8:33am
Quoting TradeForexFx
{quote} EA does the job in about 8 hours. Probably earlier. Was not awake to tell whether the job was done even earlier... A
Open trades are now in the negative...
Lesson: Don't try to be greedy and do as Lebaneese suggests, take your profits at $1,000.
  • #1,654
  • Jan 22, 2016 8:36am Jan 22, 2016 8:36am
NJ stop out after 5 hour order duraton
  • #1,655
  • Jan 22, 2016 8:40am Jan 22, 2016 8:40am
Quoting limprobable
{quote} There are some differences between the 2 versions. It seems that v2 dont show the right signals ? Indicator v1 seems good {image} Indicator v2 sometimes good sometimes not {image} Green pips to you,
Version 1 shows the Arrow for the FIRST retracement candle after the color change while version 2 shows not just the first candle after the retracement, but also shows the candle moving if no trade was triggered and a deeper retracement candle appears.

GREEN pips to you good sir.
  • #1,656
  • Jan 22, 2016 8:48am Jan 22, 2016 8:48am
Quoting Old_Dog
Hello All This method is absolutely superb! It has everything you could want from a trading system. While waiting for some of my "Daily monsters" to trigger, I have been playing with the M30 baskets and I am very impressed. I have been trading for 28 years and over that time I have slowly (and painfully) developed the ability to "read a naked chart". As you all know, this does not come easily or quickly and takes many hundreds of hours of chart time. From time to time younger folk, who have seen how I make my extra beer money trading, ask me to...
​Welcome on board. Nice comment .
  • #1,657
  • Jan 22, 2016 8:50am Jan 22, 2016 8:50am
Quoting Albertdkpllh
This is my last trade for the day. Got back my -65 pips and more......... Full blast on this rather simple system. Thanks to all. {image}
​Albert can u show us please where did u lost your 65 pips because I don't see any loosing trade today .
  • #1,658
  • Jan 22, 2016 8:52am Jan 22, 2016 8:52am
Quoting ShadowWorks
{file}
​Welcome our new coder, I see u did what many was asking for , thank you for this job and effort, keep posting and active.
  • #1,659
  • Jan 22, 2016 8:53am Jan 22, 2016 8:53am
Quoting sechee
pending: EN, NU, NJ looks like NZD is getting stronger... {image} {image} {image}
​thank you Sechee for posting charts , I see you are the most active in charts posting , keep this good job .
  • #1,660
  • Jan 22, 2016 8:55am Jan 22, 2016 8:55am
Quoting mrhigurashi
I see most people have a basket order indicator or open position indicator on their cahrts. I have searched for such an indicator with no avail Any suggestions? Regards.
Sorry but I didn't get exactly what you need , if u explain bit more could help.​
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