trend catching with NonLagDot indicator

updated:

SELL order: NJ

ShadowWorks,

Is it possible to make this indicator into histogram?

Thanks

I remember Mr. Lebanees said, when each pair in the basket turn +ve, we should set it to BE.

May I know we set BE for each pair? or BE for the basket as a whole?

On the off chance there may be some viewers of this forum who would like to use Lebaneese's system with NinjaTrader 7 connected to a Forex broker, I found a version of nonlagdot.mq4 (nonlagma_original.zip) that had already been ported. I did have to massage the code a little as there was some logic out of place in the translation plus provide a chart template (NonLagDot.xml) which matches up with Lebaneese's screen color preferences. The zip file attachment contains the source code (NonLagDot.zip) to import the indicator into NT 7.

There is one difference in the dot colorings which I kept from the original translation. If a dot changes from an uptrend to a downtrend or vice verse, the next dot will be colored orange. If the next dot after that follows the same trend then you'll get the normal red or blue dot colorings. If the trend flips again, then that's when you get multiple orange dots together. In other words, the original author defined a trend in terms of at least 2 dots going in the same direction. Personally, I like it as my eye picks up trend chop better.

Also, I went through a lot of charts and the dot placements are sometimes *slightly* off but, many times, perfect. However, I didn't notice any signal discrepancies. There are 2 lines of code which I didn't alter that vary from the MT4 version so maybe that's the cause. I'll look into it later. It's my plan to put together an NT Strategy (EA) in the near future.

[Note: Recommend you set "Calculate on bar close" to true.]

Here is a picture from tonight of the EURJPY. The data source is from Interactive Brokers.

Are you sell at arrow next candle?
i guess wrong entry (sell). The next candle is not bellow than arrow candle. Also exhausted.

I placed the order at the bottom of the arrow candle. I had cancel NJ SELL order, as it change from red to blue already.

BUY: EU

That's the rules, but an example of where the talk for using a H/T for direction or confirmation comes in.

I still only want to short below an MA or long above. Which is not to say your trade will not work.

Will be interesting to see what Lebaneese posts, but I think he is showing a way to find a safe entry after a pullback in the direction of the trend.

See how the same chart looked on friday.

Hi Sechee,

I take your deleted entry as an example but I've seen others doing the same thing. Apart from the dot turning to blue that saved you from a losing trade, as Libaneese told there must be some judgement. The NJ sell stop order was a couple pips above a clear support line, not the best place to go short. Your sell order might have been triggered just before the price turned up.

M.

UJ - Got in bit late. Put this one in manually. Target is last major support

EU - pending order got hit. Target is on 1.618 on fib line day chart.

EJ - Post 1643 - hit my stop loss today. didn't close end of Friday. didn't close today as I was at work. Hit my stop loss while I was at work.

http://www.forexfactory.com/attachme...1&d=1453470972

Up to now it's been a bad day for the Nonlagdot and many SL's hit, hope to cover them since now.

its always happent on monday. There is no trend on monday, maybe until US open.

Really? I have 10 on and no loser yet....

Now that is a good question, and I think that is hard to code into a program. (I am thinking on it right now). But I think that is one thing better done manually.
One thing I came up is that if there is a better entry in the previous couple of candles then you know you missed the train. Which is fine, look for other pairs.
And of course just looking the chart back and the higher timeframes you should get the idea of the direction.

I see that mondays is worst days for this system,fridays is best,its only my observation maybe I am wrong

Good afternoon all traders, sorry I am late today to start trading.
Hope all traders are ready to collect $$$$$$$$$$$$$$$$$$$ this week . I didn't read yet the posts, will reply on them all.
Good luck all , wish you a nice week full of green pips. Remember all we have to post signals , all signals you can see, even charts should be posted to help all traders.

Sechee, we move SL only if we are trading 1 or 2 pairs bcz they didn't formed a basket.
But when we have a basket of 4,5....8 we have to keep balance no BE for basket only for individual pairs we set BE.