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trend catching with NonLagDot indicator

  • #2,421
  • Feb 5, 2016 11:35am Feb 5, 2016 11:35am
The thread's very quiet today. I can only assume that's because everyone's been busy making money.

A generous day. The USD data came out mixed, but it certainly didn't limit the opportunities. JPY pairs had some nice runs and weak AUD gave a nice push up to EURAUD.

Today's closed trades as below, with CJ short still going.

Enjoy the weekend @all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aj0502.png Size: 26 KB
Click to Enlarge Name: nj0502.png Size: 25 KB
Click to Enlarge Name: ea0502.png Size: 26 KB
Click to Enlarge Name: cj0205.png Size: 26 KB
mind over matter
  • #2,422
  • Feb 5, 2016 7:32pm Feb 5, 2016 7:32pm
I'm fascinated by the method you enter your trade. May I know your technical basis on how to trigger your trade on the M30? I observed your system does not strictly adhere to the Nonlagdot rules.
  • #2,423
  • Feb 6, 2016 4:13am Feb 6, 2016 4:13am
Quoting aud
{quote} Is it your experience that using a higher T/F chart for direction to stop whipsaw trades, is not worthwhile?
​To be honest I don't use higher TF for confirmation, just daily open plus Top and Bottom . That all what I use plus of course experience in reading market good in waves .
  • #2,424
  • Feb 6, 2016 4:16am Feb 6, 2016 4:16am
Quoting dforant1
{quote} Seems like a lot of work with almost 1/2 trades losses. Am I missing something?
​That what we call basket trading , what we need is to catch 1 or 2 trending pair , they will cover all the losses.
  • #2,425
  • Feb 6, 2016 6:14am Feb 6, 2016 6:14am
Quoting kosmo
The thread's very quiet today. I can only assume that's because everyone's been busy making money. A generous day. The USD data came out mixed, but it certainly didn't limit the opportunities. JPY pairs had some nice runs and weak AUD gave a nice push up to EURAUD. Today's closed trades as below, with CJ short still going. Enjoy the weekend @all. {image} {image} {image} {image}
Hi, Can I get your indicators that shows in your chart
  • #2,426
  • Feb 6, 2016 9:14am Feb 6, 2016 9:14am
Quoting kosmo
The thread's very quiet today. I can only assume that's because everyone's been busy making money. A generous day. The USD data came out mixed, but it certainly didn't limit the opportunities. JPY pairs had some nice runs and weak AUD gave a nice push up to EURAUD. Today's closed trades as below, with CJ short still going. Enjoy the weekend @all. {image} {image} {image} {image}
​like always brilliant
  • #2,427
  • Feb 6, 2016 2:57pm Feb 6, 2016 2:57pm
Hi guys, i downloaded the indi from first post (with arrows) and i have question.
Look at the pic below. Is the up arrow in rectangle is in right place?
The first pullback candle was one candle earlier.
Please comment

https://gyazo.com/3ec472d7563d7d671ec4e07e30da88ca.png
  • #2,428
  • Feb 6, 2016 3:05pm Feb 6, 2016 3:05pm
Quoting laksior
Hi guys, i downloaded the indi from first post (with arrows) and i have question. Look at the pic below. Is the up arrow in rectangle is in right place? The first pullback candle was one candle earlier. Please comment https://gyazo.com/3ec472d7563d7d671ec4e07e30da88ca.png
doesn't the shorter red arrow become the 2nd long candle trade? I would take the 2nd long candle trade at the high of the of the first one.
  • #2,429
  • Feb 6, 2016 3:09pm Feb 6, 2016 3:09pm
Quoting laksior
Hi guys, i downloaded the indi from first post (with arrows) and i have question. Look at the pic below. Is the up arrow in rectangle is in right place? The first pullback candle was one candle earlier. Please comment https://gyazo.com/3ec472d7563d7d671ec4e07e30da88ca.png
The rule is that you take the 1st pullback candle unless it would not have been triggered and there is a deeper pullback candle without the dots changing color. In the live trading, a candle would have appeared over the first candle and we would have put our pending stop buy order at the high of that candle. That order would not have been executed and when the next candle it a lower close and lower high than we would have moved our pending order from the high of the first candle down to the high of the second candle.

Hopefully that explains it for you.

GREEN pips to one and all.
  • #2,430
  • Feb 6, 2016 3:10pm Feb 6, 2016 3:10pm
Quoting bloodpoodle
will work in trending market.. Horrible system in sideways chop! False signals will eat you alive in chop!
with enough trading there will be enough winning pip amounts to overcome some chop or range problems. If one can't handle losses winning is not possible.
  • #2,431
  • Feb 6, 2016 4:23pm Feb 6, 2016 4:23pm
Quoting SmoothTrader
{quote} The rule is that you take the 1st pullback candle unless it would not have been triggered and there is a deeper pullback candle without the dots changing color. In the live trading, a candle would have appeared over the first candle and we would have put our pending stop buy order at the high of that candle. That order would not have been executed and when the next candle it a lower close and lower high than we would have moved our pending order from the high of the first candle down to the high of the second candle. Hopefully that explains...
Thanx SmoothTrader, i forgot that rule
  • #2,432
  • Feb 6, 2016 4:44pm Feb 6, 2016 4:44pm
Hi everyone,

Don't know if it has been asked or defined but in a scenario where there is a buy setup, do you place your buy pending order at the high of the down candle plus the spread or you just place your stop buy order right at the top without taking into account the spread between the Bid-Ask?
  • #2,433
  • Feb 6, 2016 5:05pm Feb 6, 2016 5:05pm
Quoting crixus
Hi everyone, Don't know if it has been asked or defined but in a scenario where there is a buy setup, do you place your buy pending order at the high of the down candle plus the spread or you just place your stop buy order right at the top without taking into account the spread between the Bid-Ask?
High + Spread + 1 pip !
  • #2,434
  • Feb 6, 2016 7:17pm Feb 6, 2016 7:17pm
Quoting kosmo
The thread's very quiet today. I can only assume that's because everyone's been busy making money. A generous day. The USD data came out mixed, but it certainly didn't limit the opportunities. JPY pairs had some nice runs and weak AUD gave a nice push up to EURAUD. Today's closed trades as below, with CJ short still going. Enjoy the weekend @all. {image} {image} {image} {image}
Hi Cosmo,

Please, can you explain why did you get in trades NZDJPY and CADJPY.
Thanks
Miho
  • #2,435
  • Feb 6, 2016 10:15pm Feb 6, 2016 10:15pm
Quoting Lebaneese
{quote} ​To be honest I don't use higher TF for confirmation, just daily open plus Top and Bottom . That all what I use plus of course experience in reading market good in waves .

Thx, I had noticed you now have the daily open line on your charts. Reading the market good in waves is the trick bit
Good Trading
  • #2,436
  • Feb 7, 2016 1:37am Feb 7, 2016 1:37am
Quoting laksior
Hi guys, i downloaded the indi from first post (with arrows) and i have question. Look at the pic below. Is the up arrow in rectangle is in right place? The first pullback candle was one candle earlier. Please comment https://gyazo.com/3ec472d7563d7d671ec4e07e30da88ca.png
​Thank you smooth for answering .
laksior we always search the lowest or highest retracement point to get the better entry level .
  • #2,437
  • Feb 7, 2016 1:52am Feb 7, 2016 1:52am
Quoting Lebaneese
{quote} we are working on it , the group is testing it and when it is ready I hope that the Coder will publish it. I am setting the rules for it to work same like the thread rules
There is another EA running, is there difference？
  • #2,438
  • Feb 7, 2016 11:19am Feb 7, 2016 11:19am
Quoting Lebaneese
{quote} ​like always brilliant
Thank you
mind over matter
  • #2,439
  • Feb 7, 2016 11:23am Feb 7, 2016 11:23am
Quoting miho
{quote} Hi Cosmo, Please, can you explain why did you get in trades NZDJPY and CADJPY. Thanks Miho
Hi Miho,

NJ had a good short setup, in my opinion. If you look at its Friday's price action, you can see how it tried and failed to break the Daily Pivot (DP) from below, during the Asian session. Then it tried to approach the DP again during London, and again in the first 30 min of the New York session. Both attempts failed, resulting in a double top right below the DP - for me, a convincing invitation to short the pair. Moreover, the low of the last bullish candle was already about 5 pips below the daily open, so placing a pending short below it was an attempt to get on the southbound daily train as early as possible, should the market decide to break that low, which it did. So, it's a good example of the simple buy low/sell high logic.
As for CJ, two things supported my decision to short it: rallying USDCAD and weak-ish oil. It was a late entry, but since I was well up for the day, I didn't mind risking a few pips to join the ride. Got out with another 40 pips in the pocket, while the pair continued falling right until the market close.

Hope it helps.
Kosmo
mind over matter
  • #2,440
  • Feb 7, 2016 11:31am Feb 7, 2016 11:31am
Quoting rajib217
{quote} Hi, Can I get your indicators that shows in your chart
Hi, you can find AnyCandle earlier in the thread, and here are the other indis I use. Enjoy.
Attached File(s)
File Type: ex4 FXI Pivots.ex4   25 KB | 428 downloads
File Type: ex4 BN Levels v1.01.ex4   15 KB | 480 downloads
File Type: ex4 LFL-ATRprojections.ex4   6 KB | 458 downloads
mind over matter
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