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trend catching with NonLagDot indicator

  • #2,221
  • Edited 8:42am Jan 31, 2016 8:15am | Edited 8:42am
This is an update to the NonLagDot indicator for NinjatTrader 7. I first posted the code on page 88 (Post #1744). There was a bug in the code which did not refresh the dot properly if you had "Calculate on bar close" set to false (this means you want the indicator to update the chart on every incoming tick). No change has been made to the NonLagDot formula itself. I'll repost the template which matches Lebaneese's chart color scheme (no changes there).

This is a 1 min chart of the current CL contract, just showing you an example of an initial signal and some follow-ons. Each tick is $10 US and I just marked up the 1st signal and 2 follow-ons to show that, on this kind of timeframe, you could use fixed stop losses and add to winners ($630 total possible on this one). The time is GMT-5 (i.e., New York time) and you'll notice that this isn't even during the CL's pit-traded hours (9:00 - 14:30 GMT-5). In the future, I'll probably put together some discretionary / semi-automated tools to be able to take and manage trades like these with far less human manipulation than manual chart trading.

Great system and thanks so much Lebaneese for all your help on this thread and Skype and keeping trading simple and fun.

Attached Image (click to enlarge)
Click to Enlarge Name: CL 03-16 (1 Min) 1_28_2016.jpg Size: 83 KB
Attached File(s)
File Type: zip NonLagDot.zip   3 KB | 375 downloads
File Type: xml NonLagDot.xml   18 KB | 251 downloads
  • #2,222
  • Jan 31, 2016 8:17am Jan 31, 2016 8:17am
Quoting Elios
{quote} No H1 trend is not enough. Our lady Kosmo follows the Daily trend. I think that.... -When you trade in M30 the higher Time Frame must be no less than H4 -When you trade in H1 the higher Time Frame must be no less than D1 -When you trade in H4 the higher Time Frame must be no less than W1 -When you trade in D1 the higher Time Frame must be no less than MN
How does this square with the logic any trading period should use 4* that for results? Example: 15M would look to H1 next to H4. With 2 higher values sufficient for a trade possibility.
  • #2,223
  • Jan 31, 2016 10:39am Jan 31, 2016 10:39am
Lebaneese

I really enjoy to read your thread ..
  • #2,224
  • Jan 31, 2016 11:36am Jan 31, 2016 11:36am
Quoting dforant1
{quote} How does this square with the logic any trading period should use 4* that for results? Example: 15M would look to H1 next to H4. With 2 higher values sufficient for a trade possibility.
I did'nt understood your question.
Trading is not an exact science.
I have read that when somebody uses a multi timeframe approach, the timeframes he uses must be 4-6 times apart.
e.g. when your trading timeframe is M15, the direction timeframe has to be
4X15 = 60min= H1
or 6X15=90 min
or something between 60 and 90 min.
  • #2,225
  • Jan 31, 2016 2:31pm Jan 31, 2016 2:31pm
I am the author of the NonLagDot EA and pulled out of this thread because of the endless variations on the simple concept presented by Lebaneese.

Whilst I could not establish on backtesting that the simple concept was profitable, the thread has progressed far beyond that simple concept. I would urge everyone to remember that trading is not mechanical, it is discipline and remember Lebaneese's most basic principle that this is a basket trade with simple rules found at Post #1.

The variations are subjective and reflect levels of personal experience but managing your money will always be the #1 concept.
  • #2,226
  • Edited 10:52pm Jan 31, 2016 3:32pm | Edited 10:52pm
Quoting Dave_C
I am the author of the NonLagDot EA and pulled out of this thread because of the endless variations on the simple concept presented by Lebaneese. Whilst I could not establish on backtesting that the simple concept was profitable, the thread has progressed far beyond that simple concept. I would urge everyone to remember that trading is not mechanical, it is discipline and remember Lebaneese's most basic principle that this is a basket trade with simple rules found at Post #1. The variations are subjective and reflect levels of personal experience...
Dear Dave C

in post 1451 the experienced trader Erebus and in post 2184 the profitable trader kosmo presented 2 variations. Both of them trade in M30 following the trend of a higher timeframe. I find it interesting. This is a very common method of trading that has been called multi-timeframe approach. It is not a subjective style.
  • #2,227
  • Jan 31, 2016 3:41pm Jan 31, 2016 3:41pm
Hi All,

those of you who have read my previous post(s), might remember I had struggled with SL and TF. I couldn't build a basket that will go into profit, partly because of the fact that I didn't have a lot of time to trade and partly because the trades didn't combine into a mature basket and all went rogue. I think one or two baskets had hit 22$ and 10$ respectively but that was after I had switched TF. I tried 1H, 4H and eventually settled for 1D because of my day work.
I'm attaching here my charts in two posts and the results of my week. Not all my losses were due to the NLD system but the majority were, so are my profits.

I'm using scripts to open my trades, Sell/Buy Market and Sell/Buy Stop, each sets the SL to 2xATR, 1st trade is opened with 0.02 lots and a TP of 1xATR and the 2nd trade is opened with TP of 1.5xATR.
Once the 1st trade hits profit, I move the SL to BE plus a few pips, since I couldn't come up with a descent TS method or number of pips to trail by, it's done manually.

AUDCAD: Not much to say, took the trade too early as I was using the wrong script. Not sure it will go into profit.
AUDJPY: Was a very nice setup, SL moved to BE plus a lot of pips, not sure it will reverse into an up trend but heck, I'm in profit.
AUDUSD: Just like AUDJPY.
CADJPY: Same as above, it will retrace a bit and then we'll see what goes.
EURAUD: Not sure about it, looks kinda wedgie for me to be too comfortable about it, decided to let it run for the time being.
EURCAD: Same as EURCAD, actually.
GBPAUD: Looks like we're in a down trend and I got to ride one of the pullbacks, nice. 1st trade ended in profit, moved SL to BE plus a few pips.
GBPCAD: Might hit a support or the double top leg can stop, I had to live home so couldn't adjust the SL, I'll do it later on when the markets open.

I'll continue in my next post.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCADDaily.png Size: 58 KB
Click to Enlarge Name: AUDJPYDaily.png Size: 38 KB
Click to Enlarge Name: AUDUSDDaily.png Size: 44 KB
Click to Enlarge Name: CADJPYDaily.png Size: 43 KB
Click to Enlarge Name: EURAUDDaily.png Size: 60 KB
Click to Enlarge Name: EURCADDaily.png Size: 52 KB
Click to Enlarge Name: GBPAUDDaily.png Size: 60 KB
Click to Enlarge Name: GBPCADDaily.png Size: 60 KB
  • #2,228
  • Jan 31, 2016 4:00pm Jan 31, 2016 4:00pm
#CMDT#H4: I'm using Khalil's basket manager EA, it's still in development and has it's own quirks so I'm risking it here but I traded a basket of 0.1 lots for each of the basket's pairs and it gave good profit (around 200$)
AUDJPY.mH1: Seller9's basket EA, I threw it on a chart (made by his basket creator EA), didn't have the time to test it, but it looks nice.
GBPJPY: 1st trade went into profit, moved SL to BE plus a few pips. This will end soon, I think, as it should retrace and after that, we'll see what goes.
GBPUSD: Still going, moved the 2nd trade's TP a bit higher with no good reason, this might go into loss.
NZDJPY: Same as above.
USDCAD: Nice setup, moved the 2nd trade's TP a bit because it was too close to the 1st one's. If it retraces, I'll cut it short.
USDCHF: While I would have loved getting in at the beginning of this trend it's still a nice move. 1st trade went into profit, it's too close to the open price so I haven't moved the SL yet. I'll let it run and make sure it won't turn into a loss.
USDJPY: This one closed without me being able to connect to my PC at home and move the 2nd trade's TP higher, still made a nice profit.

I've also threw NLD on some renko charts, still not conclusive about it.


Status: That's how my live Cent account looks like now. Around 500$ of the losses were caused by another system (stupid EA), 200$ caused by another manual system I was too careless with and the rest, around 300$, were there results of me trying to tame the NLD mounted on 30M charts and failing miserably.

Around 200$ of the profit were made using the basket manager EA since it's using 0.1 as its lot size. So the "actual" number should have read something like 320$, the floating PL is all NLD on Daily charts and no basket manager EA entries as they are all too late to enter now.


This is my current status, while I would have loved trading the lower TFs (I'm a junkie, I know), I'm trying very hard to settle for the daily charts and so far taking signals blindly but with some caution.
I find the "Basket" concept very alluring as I love trading baskets and am certainly going to keep an eye on the CMDT Basket chart.


Thanks and hope this might help someone.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: #CMDT#H4.png Size: 44 KB
Click to Enlarge Name: AUDJPY.mH1.png Size: 60 KB
Click to Enlarge Name: GBPJPYDaily.png Size: 47 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 50 KB
Click to Enlarge Name: NZDJPYDaily.png Size: 58 KB
Click to Enlarge Name: USDCADDaily.png Size: 42 KB
Click to Enlarge Name: USDCHFDaily.png Size: 58 KB
Click to Enlarge Name: USDJPYDaily.png Size: 61 KB
Attached Image
  • #2,229
  • Jan 31, 2016 4:35pm Jan 31, 2016 4:35pm
Quoting Reamasesa
#CMDT#H4: I'm using Khalil's basket manager EA, it's still in development and has it's own quirks so I'm risking it here but I traded a basket of 0.1 lots for each of the basket's pairs and it gave good profit (around 200$) AUDJPY.mH1: Seller9's basket EA, I threw it on a chart (made by his basket creator EA), didn't have the time to test it, but it looks nice. GBPJPY: 1st trade went into profit, moved SL to BE plus a few pips. This will end soon, I think, as it should retrace and after that, we'll see what goes. GBPUSD: Still going, moved the 2nd...
Hi Reamasesa excelent postings i am useing another indicator which is working realy well and i superimposed the nld system over the top of it and had some very interesting results which i believe would be of imence use to you if added to your charts and used in your tradeing in combination with your nlb indicator .the indicator is freely avaliable here on ff and is free it is the( t308 colour) and if you avail yourself to trying it i would be interested in your feed back. yours with most respect mm8
  • #2,230
  • Jan 31, 2016 5:02pm Jan 31, 2016 5:02pm
It seems that indi, you mentioned, disappeared ?

So do have it at hand to attach it ?
  • #2,231
  • Jan 31, 2016 8:15pm Jan 31, 2016 8:15pm
Quoting Elios
My problem is that the attached MTF indicator has 12 errors, so the mt4 built 950 cannot display it on chart. Please, can somebody correct the errors? {file}
This slope is worked on build 950.
If not work then try decompile with your version.

Btw, this indi is 100% same with nonlagdot.
The different is :
1. MTF.
2. slope view.


Idea:
UseMTF : higher TF for trend direction.
Attached File(s)
File Type: zip nonlagmaslope.zip   20 KB | 352 downloads
  • #2,232
  • Jan 31, 2016 11:04pm Jan 31, 2016 11:04pm
Quoting kalawe
{quote} This slope is worked on build 950. If not work then try decompile with your version. Btw, this indi is 100% same with nonlagdot. The different is : 1. MTF. 2. slope view. Idea: UseMTF : higher TF for trend direction. {file}
Thank you.
  • #2,233
  • Jan 31, 2016 11:16pm Jan 31, 2016 11:16pm
Hi all , wish you a good week full of green pips. if any questions , I am here to answer anytime.
  • #2,234
  • Feb 1, 2016 12:15am Feb 1, 2016 12:15am
Quoting DerBerliner
It seems that indi, you mentioned, disappeared ? So do have it at hand to attach it ?
hi my friend here is the atached indi
Attached File(s)
File Type: ex4 T3_08_2Color.ex4   9 KB | 333 downloads
  • #2,235
  • Feb 1, 2016 3:32am Feb 1, 2016 3:32am
Good morning Mr. Lebanese are correct my trades?
Green pips for all
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBP 1-2-16.PNG Size: 75 KB
Click to Enlarge Name: GBPUSD 1-2-16.PNG Size: 73 KB
Click to Enlarge Name: USDCAD 1-2-16.PNG Size: 80 KB
Click to Enlarge Name: USDCHF 1-2-16.PNG Size: 71 KB
  • #2,236
  • Feb 1, 2016 4:16am Feb 1, 2016 4:16am
For me I didn't took any trades yet , but some set up could be interesting for traders.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADM30.png Size: 39 KB
Click to Enlarge Name: NZDUSDM30.png Size: 35 KB
Click to Enlarge Name: EURNZDM30.png Size: 37 KB
  • #2,237
  • Feb 1, 2016 4:17am Feb 1, 2016 4:17am
Quoting Reamasesa
Hi All, those of you who have read my previous post(s), might remember I had struggled with SL and TF. I couldn't build a basket that will go into profit, partly because of the fact that I didn't have a lot of time to trade and partly because the trades didn't combine into a mature basket and all went rogue. I think one or two baskets had hit 22$ and 10$ respectively but that was after I had switched TF. I tried 1H, 4H and eventually settled for 1D because of my day work. I'm attaching here my charts in two posts and the results of my week. Not...
hello Reamasesa

can u share your template and indies, and experts?thx
  • #2,238
  • Feb 1, 2016 4:22am Feb 1, 2016 4:22am
Quoting Lebaneese
For me I didn't took any trades yet , but some set up could be interesting for traders. {image} {image} {image}
You didn't trade today because of news today or you only hadn't the chance?
  • #2,239
  • Feb 1, 2016 4:24am Feb 1, 2016 4:24am
Quoting kleybenny
{quote} You didn't trade today because of news today or you only hadn't the chance?
​I was bit busy at morning , and market still lazy. Remember we have always a chance to trade .
  • #2,240
  • Feb 1, 2016 4:32am Feb 1, 2016 4:32am
could have new set up for AU.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 34 KB
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