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trend catching with NonLagDot indicator

  • #1,661
  • Jan 22, 2016 9:00am Jan 22, 2016 9:00am
Post 1642 - AU order closed at loss, -18.6 pips. This is where I tried 15min TF and hasn't paid off. 30 min did not show a signal.
  • #1,662
  • Jan 22, 2016 9:16am Jan 22, 2016 9:16am
Quoting tphreak
Post 1642 - AU order closed at loss, -18.6 pips. This is where I tried 15min TF and hasn't paid off. 30 min did not show a signal.
​Yes exactly was going to say that there was no signal for AU , but yours was on M15 .
What about other pairs basket ? what is the result till now?
I Don t see also EU in the basket .
  • #1,663
  • Jan 22, 2016 9:20am Jan 22, 2016 9:20am
Quoting Lebaneese
{quote} ​Yes exactly was going to say that there was no signal for AU , but yours was on M15 . What about other pairs basket ? what is the result till now? I Don t see also EU in the basket .
Unfortunately not good. I'm going to hold and let it run. I'm going to sleep now.

I have attached my pending order on USDCHF. I know its exhausted, but I've put it up on a resistance line.

profit column is in points. total is in $.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 5 KB
Click to Enlarge Name: Image2.png Size: 12 KB
  • #1,664
  • Edited 10:33am Jan 22, 2016 9:25am | Edited 10:33am
Set up your EA onto 12 pairs very easily:

Place the indicator, script and template files in their respective folders. Ensure that the indicator and the script is compiled. You can do so by specific compilation through the editor or by closing and reopening MT4.

Apply template 1 is a script.
NonLagDot Helper is an indicator. It represents the NonLagDot indicator in a seperate window. You may remove it if you do not like it.

Ensure that the latest version of the EA and other required indicators are working for the MT4 instance you are using.

Open any chart, any time frame. Run the attached script. Enjoy!

You can also create your own template and run the script using the new template name to get 12 charts instantly.
Attached File(s)
File Type: tpl NonLagDot.tpl   3 KB | 479 downloads
File Type: mq4 Apply template 1.mq4   2 KB | 464 downloads
File Type: mq4 NonLagDot Helper.mq4   3 KB | 514 downloads
  • #1,665
  • Jan 22, 2016 9:40am Jan 22, 2016 9:40am
Wow the explosion of new traders is a testament to the simplicity of Mr. Lebaneese's system and style of trading. It is great to have so many eyes and minds looking at how to make the system work best for THEMSELVES.

Each trader has to feel comfortable with the way THEY trade. That means there is not one right Money Management system for each and every trader. Some are more aggressive than others and some are concerned more with what can go wrong. No one can say definitively which one is right and which one is wrong. They are only different and must meet the individual traders expectations and comfort level.

The same can be said for the trade entry methods. Mr Lebaneese has shared a terrific frame work for identifying and entering trades. For some this is enough and they feel comfortable trading the market within this frame work. Some want to increase the comfort level by getting conformations of triggered orders through additional indicators. Again, this is an individual preference and there is no right or wrong way. They are just different. However, if too many filters and conformations are stacked on top of any system, it eventually becomes unworkable. There is NO Holy Grail for trading and there never will be.

Unfortunately for the new traders the best filter is between our ears and has to be developed over many years of experience. "Old Dog" hinted at it in his posting. He does not rely JUST upon indicators. They are tools that help his mind with 28 years of trading experience to determine what trades and at what price levels he will or won't take. In my trading career it took a good 3 to 5 years before I started to notice that it was getting easier. Did it become perfect? Did I become flawless? NO, it just became easier.

Now with over 37 years experience as a full-time and professional trader I still strive to learn as much about the markets as possible. Can I boil it all down into a single sentence of advice? Pretty close, and here it is....Time is the greatest investment into the markets an individual can make because it takes time to learn, time to study, time to work, time to fail, and time to succeed. Don't short change yourself or your future. Take the time and make the time to study, to learn, and to explore this wonderful world of trading.

GREEN pips to one and all.
  • #1,666
  • Jan 22, 2016 9:56am Jan 22, 2016 9:56am
[quote=SmoothTrader;8706731]Wow the explosion of new traders is a testament to the simplicity of Mr. Lebaneese's system and style of trading. It is great to have so many eyes and minds looking at how to make the system work best for THEMSELVES. (cut)

Actually this is a very old method of trading still very popular today. Continuation trading with pullbacks is not new. The Dots do help newbies see the effect better. I trade TDI TMS and use the 1st and maybe the 2nd pullback in a new run to my advantage. In TMS they are called line bounces. They are extremely effective methods of trading.
  • #1,667
  • Jan 22, 2016 10:06am Jan 22, 2016 10:06am
Quoting SmoothTrader
Wow the explosion of new traders is a testament to the simplicity of Mr. Lebaneese's system and style of trading. It is great to have so many eyes and minds looking at how to make the system work best for THEMSELVES. Each trader has to feel comfortable with the way THEY trade. That means there is not one right Money Management system for each and every trader. Some are more aggressive than others and some are concerned more with what can go wrong. No one can say definitively which one is right and which one is wrong. They are only different and...
  • #1,668
  • Jan 22, 2016 10:17am Jan 22, 2016 10:17am
Thank you all for those nice word , I am happy to see new trader, experienced traders all agreeing on the simplicity of the system and the good results.
As MM part I started my thread by saying no one ask about money management because it cant be learned it is earned with time and each trader style.
A good MM will make a trader winner even if he is trading the worst system while a perfect system with bad MM will take all profit, plus greed and greed , u cant be a millionaire in 1 month you have to build you trust and your trading system to succeed.

And as a gift I will try next week to take the thread to higher level. That gift will be to my thread follower and all who are interested.
Will keep in touch .
  • #1,669
  • Jan 22, 2016 10:20am Jan 22, 2016 10:20am
Quoting Lebaneese
. And as a gift I will try next week to take the thread to higher level. That gift will be to my thread follower and all who are interested. Will keep in touch .
That would be great!! Thank you Lebaneese.
  • #1,670
  • Jan 22, 2016 10:28am Jan 22, 2016 10:28am
Quoting Lebaneese
Thank you all for those nice word , I am happy to see new trader, experienced traders all agreeing on the simplicity of the system and the good results. As MM part I started my thread by saying no one ask about money management because it cant be learned it is earned with time and each trader style. A good MM will make a trader winner even if he is trading the worst system while a perfect system with bad MM will take all profit, plus greed and greed , u cant be a millionaire in 1 month you have to build you trust and your trading system to succeed....
Enjoy your weekend good sir. It will be a well deserved break from the markets to enjoy the fruits of your labors with family and friends.

As always, GREEN pips to you my friend.
  • #1,671
  • Jan 22, 2016 10:29am Jan 22, 2016 10:29am
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...
I can confirm these weird things of the EA: sometimes buying instead of selling or vice versa e.g. - it took too much time correcting all erros so back to manual. A pity because it's almost perfect together with this equity sentry EA....
  • #1,672
  • Jan 22, 2016 10:44am Jan 22, 2016 10:44am
updated SL with new entry setup: EN, EJ, NU

new SELL setup: NJ

NU hit SL with -27pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURNZDM30.png Size: 35 KB
Click to Enlarge Name: NZDJPYM30.png Size: 36 KB
Click to Enlarge Name: EURJPYM30.png Size: 36 KB
Click to Enlarge Name: NZDUSDM30.png Size: 35 KB
  • #1,673
  • Jan 22, 2016 11:42am Jan 22, 2016 11:42am
new SELL setup: AJ, GJ (both doesn't look like an attractive setup)

NU hit SL with -27pips
EN hit SL with -93pips

Basket: EJ, NU, NJ, EN
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPYM30.png Size: 33 KB
Click to Enlarge Name: GBPJPYM30.png Size: 29 KB
  • #1,674
  • Jan 22, 2016 11:51am Jan 22, 2016 11:51am
new SL with opposite new entry: EJ
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM30.png Size: 36 KB
  • #1,675
  • Jan 22, 2016 12:00pm Jan 22, 2016 12:00pm
another 4 hours before market closing.

SHOULD I KEEP MY BASKET OPEN THROUGHOUT THE WEEKEND?
  • #1,676
  • Jan 22, 2016 12:04pm Jan 22, 2016 12:04pm
new SELL order: AU, GU
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 36 KB
Click to Enlarge Name: GBPUSDM30.png Size: 29 KB
  • #1,677
  • Jan 22, 2016 12:56pm Jan 22, 2016 12:56pm
Quoting sechee
another 4 hours before market closing. SHOULD I KEEP MY BASKET OPEN THROUGHOUT THE WEEKEND?
Again that is a trader's personal domain.

The danger is that markets can and do gap from their close on Friday to their open on Monday. That gap may be in your favor or against you, and you have no control nor do your stop losses protect you.

If your basket is positive, my own opinion, and it's just that - my opinion, I would close it and rest well over the weekend. If it is at a loss, I would do the same. The market will always be here to trade.

GREEN pips to you my friend.
  • #1,678
  • Jan 22, 2016 1:06pm Jan 22, 2016 1:06pm
Closed the day with "only" 16pips (still better than a kick in the teeth). Bad MM, have to learn better when to close or when to let it run. I have also setup a different machine with the EA. I am planning to let it run 24/24 next week on the demo account to see it at works. I'll post the results.

for the moment, have a nice weekend!
  • #1,679
  • Jan 22, 2016 1:19pm Jan 22, 2016 1:19pm
Quoting elpibe69
Closed the day with "only" 16pips (still better than a kick in the teeth). Bad MM, have to learn better when to close or when to let it run. I have also setup a different machine with the EA. I am planning to let it run 24/24 next week on the demo account to see it at works. I'll post the results. for the moment, have a nice weekend!
The path to trading knowledge and wisdom is never without some bumps or mistakes. Learn from them and they will have been more valuable, in the long run, than if you had accidentally made twice as many pips today.

GREEN pips to you and a peaceful weekend.
  • #1,680
  • Jan 22, 2016 1:30pm Jan 22, 2016 1:30pm
Quoting TradeForexFx
Set up your EA onto 12 pairs very easily: Place the indicator, script and template files in their respective folders. Ensure that the indicator and the script is compiled. You can do so by specific compilation through the editor or by closing and reopening MT4. Apply template 1 is a script. NonLagDot Helper is an indicator. It represents the NonLagDot indicator in a seperate window. You may remove it if you do not like it. Ensure that the latest version of the EA and other required indicators are working for the MT4 instance you are using. Open...
@TradeForexFx
Thank you so much but I'm not sure... At the moment I see the EA only on one chart.
Do I have to load the template on all charts after activating the script?
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