Hi Invermac,
Still getting the same message here. Where did you get it from?
- #26
- Edited 12:02pm Feb 3, 2016 11:12am | Edited 12:02pm
Hello Traders, 2months ago I found this indicator and I'm using it in my trading. I have my own rules for use it but I feel the indicator have more potential. I want to share my idea and the indicator for those that want to make it more profitable. First I going to explain rules, feel free to modify for better use. Time frame: 1 Hour System Pairs: Any For Buy -You need wait a bar to cross the +100 level of the indicator. Take long after candle close. -Don't take the signal if already been 6 bars before. Only take inside the first 5 bars cross For...
Hi and thanks for sharing!
Have you tried lower TF's? I played around a M5 chart today with mixed results. Maybe adding a Donchian (20 period) indicator and using the opposite resistant level as your TP/SL? This way you can enter a trade with a clear SL and you will also be abletofilter out a lot of the false breaks. Thoughts?
See below screenshot. You would've had placed only two trades today, one BE and the sscondforwellover 100 pips. I'll take a look at other pairs and TP's
When trading: "Empty your mind, be formless. Shapeless, like water."
- #31
- Feb 3, 2016 12:01pm Feb 3, 2016 12:01pm
When trading: "Empty your mind, be formless. Shapeless, like water."
- #33
- Feb 3, 2016 12:20pm Feb 3, 2016 12:20pm
Was manually checking the signals and it seems like it gained 460 pips in January on EUR/USD, by doing a 50 pip TP and 50 pip SL. 16 wins and 9 losses. Is anyone able to make an EA for this?
When trading: "Empty your mind, be formless. Shapeless, like water."
- #35
- Feb 3, 2016 12:46pm Feb 3, 2016 12:46pm
Here we go.....
Use the Bollinger Indy rather than the Donchian. Jan 4th through Jan 19th:
9 to 1 win ratio, with well over 300 pips won.
TF: H1
Donchian; Period 20,Shift 0, Deviations 3
Entry (as explained in post one)
Exit; either band (your lower band will be your SLon a buy, upper band SL on a short)
TP; Upper band on a long position, lower band on a short position (SL/TP's must be moved after each candle closes)
I would not recommend opening more than one position (per direction) per pair but would most likely have periods where a long and shortposition are opened at the same time.
As you can see here, the first short trade would'vewon about 1.5 pips (max!), the second trade would've been opened at the close of that candle and would've ran for about 80 pips. The third trade (short Jan 14th, 17:00 would've been the only loss closing on the 26th at 13:00 (93 pips). In between the open and close of that trade, a long trade would've been opened at 5:00AM on the 15th and closed at the same time the short position also closed (going for a profit of 73 pips).
60 pips in 100 hours on the 1HR chart. 
This was the mostr choppy (consolidating market) part of the time frame I looked at. The rest of it looked great! Can anyone else look at some otehr pairs with my suggested indys??
Thanks
Use the Bollinger Indy rather than the Donchian. Jan 4th through Jan 19th:
9 to 1 win ratio, with well over 300 pips won.
TF: H1
Donchian; Period 20,Shift 0, Deviations 3
Entry (as explained in post one)
Exit; either band (your lower band will be your SLon a buy, upper band SL on a short)
TP; Upper band on a long position, lower band on a short position (SL/TP's must be moved after each candle closes)
I would not recommend opening more than one position (per direction) per pair but would most likely have periods where a long and shortposition are opened at the same time.
As you can see here, the first short trade would'vewon about 1.5 pips (max!), the second trade would've been opened at the close of that candle and would've ran for about 80 pips. The third trade (short Jan 14th, 17:00 would've been the only loss closing on the 26th at 13:00 (93 pips). In between the open and close of that trade, a long trade would've been opened at 5:00AM on the 15th and closed at the same time the short position also closed (going for a profit of 73 pips).
60 pips in 100 hours on the 1HR chart.
This was the mostr choppy (consolidating market) part of the time frame I looked at. The rest of it looked great! Can anyone else look at some otehr pairs with my suggested indys??
Thanks
When trading: "Empty your mind, be formless. Shapeless, like water."
- #36
- Feb 3, 2016 3:50pm Feb 3, 2016 3:50pm
- Joined Nov 2013 | Status: Trader | 1,094 Posts
Hello Traders, 2months ago I found this indicator and I'm using it in my trading. I have my own rules for use it but I feel the indicator have more potential. I want to share my idea and the indicator for those that want to make it more profitable. First I going to explain rules, feel free to modify for better use. Time frame: 1 Hour System Pairs: Any For Buy -You need wait a bar to cross the +100 level of the indicator. Take long after candle close. -Don't take the signal if already been 6 bars before. Only take inside the first 5 bars cross For...
