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my grail system

  • #441
  • Feb 9, 2016 3:54pm Feb 9, 2016 3:54pm
Quoting jaguar1637
{quote} Hi Ipsula I am fine. IMHO, Divergence is correlated to some kind of market change. Did you put the iVAR on the chart ? this should help us to avoid bad signals from divergence indys BTW, you did not answer to my questions in PM regarding the datas you take from for you specific indy. Is it ELR ? or something else ? I feel blind those days ...

ELR is quite good but no, its not ELR....maybe you want start divergence thread at your forum ??
  • #442
  • Feb 9, 2016 3:55pm Feb 9, 2016 3:55pm
Quoting vasily
mystic indicator soon goes commercial
do you know where vasily soon goes???
  • #443
  • Feb 9, 2016 3:58pm Feb 9, 2016 3:58pm
Quoting ipsula
{quote} do you know where vasily soon goes???
  • #444
  • Feb 9, 2016 4:04pm Feb 9, 2016 4:04pm
Ipsula,
Once you have confirmed a divergence signal from your system ( or any divergence system ), it is safer to confirm the direction of price by adding indicators such as Moving average or MA cross, or ADX DI cross, or momentum. You can then set an Expert Advisor to only trade in the direction you want / expect price to go.
Let the Market come to you
  • #445
  • Feb 9, 2016 4:16pm Feb 9, 2016 4:16pm
Quoting AlGer
Ipsula, Once you have confirmed a divergence signal from your system ( or any divergence system ), it is safer to confirm the direction of price by adding indicators such as Moving average or MA cross, or ADX DI cross, or momentum. You can then set an Expert Advisor to only trade in the direction you want / expect price to go.
Thank you man, from Canada )
If you love divergences too, you are welcome here
  • #446
  • Feb 9, 2016 4:32pm Feb 9, 2016 4:32pm
I look at a lot of different trading signals, divergence is one of them. Divergence is more meaningful and powerful in higher time frames, then you can get in the trade, especially if its obvious, and make a lot of pips ( this might be rare ).

The way i do divergence is two ways:
(a) i have peter's divergence indicator that draws the divergence points and lines for me, then when i see a drawn line, i look at the price chart to see if it makes sense and/or confirm with other indicators.
(b) i put up five divergence showing indicators: MACD, MOMENTUM, RSI, STOCHASTIC, AND ADX main line, all on one template. All of these indicators can and do show divergence. The most powerful signals are when 4/5 or ALL of those indicators all showing divergence on a particular currency pair. Because they are all calculated in different ways, if all or at least 4 of them are SHOWING divergence, it means a change in trend is much more likely and the previous trend has run out of steam and the Trend Change signals are more obvious.

Cheers
Let the Market come to you
  • #447
  • Feb 9, 2016 4:53pm Feb 9, 2016 4:53pm
new online signal

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  • #448
  • Feb 10, 2016 12:01am Feb 10, 2016 12:01am
and here is price reaction on divergence

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  • #449
  • Edited 1:08am Feb 10, 2016 12:58am | Edited 1:08am
...
  • #450
  • Feb 10, 2016 1:37am Feb 10, 2016 1:37am
What are your trading times? You trade Asian Session?
  • #451
  • Feb 10, 2016 1:42am Feb 10, 2016 1:42am
Quoting AlGer
Ipsula, Once you have confirmed a divergence signal from your system ( or any divergence system ), it is safer to confirm the direction of price by adding indicators such as Moving average or MA cross, or ADX DI cross, or momentum. You can then set an Expert Advisor to only trade in the direction you want / expect price to go.
MAs, thats what I do to filter out and to actually see better while trading 12 M1 charts.
  • #452
  • Edited 10:11am Feb 10, 2016 1:52am | Edited 10:11am
...
  • #453
  • Feb 10, 2016 1:57am Feb 10, 2016 1:57am
and here is price reaction on newest today's divergence on gbpcad

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  • #454
  • Feb 10, 2016 2:24am Feb 10, 2016 2:24am
A lot of people are asking me where to find this indicators, as i said - they are not in the internet, i coded it myself by my own formulas

In internet, there are no good indicators for divergence trading. Yes, they show divergences but in practice trading they are useless.
  • #455
  • Feb 10, 2016 2:30am Feb 10, 2016 2:30am
There is no GOOD or BAD indicator. After all, they can only show the past. Its the trader itself that make an indicator profitable.

Divergence works with any indicator if you know what you are doing.

Divergence will never work if you donīt know what you are doing.

Its not the indicator thats the holy grail, itīs the trader.

(Itīs like in poker. A good player can beat you even with an inferior hand)
  • #456
  • Feb 10, 2016 2:34am Feb 10, 2016 2:34am
Quoting Goldberg87
There is no GOOD or BAD indicator. After all, they can only show the past. Its the trader itself that make an indicator profitable. Divergence works with any indicator if you know what you are doing. Divergence will never work if you dont know what you are doing. Its not the indicator thats the holy grail, its the trader. (Its like in poker. A good player can beat you even with an inferior hand)
Ok, Mr Goldberg, show me some profitable online entries with divergence on RSI, MACD or whatever....
Or you can show me only a image in history with RSI, MACD and i will show you a thousands of false signals. And there are no method how to filter out false signals.
  • #457
  • Feb 10, 2016 2:42am Feb 10, 2016 2:42am
Quoting ipsula
{quote} Ok, Mr Goldberg, show me some profitable online entries with divergence on RSI, MACD or whatever.... Or you can show me only a image in history with RSI, MACD and i will show you a thousands of false signals. And there are no method how to filter out false signals.
I dont trade RSI or MACD or any standard indicator. But I am pretty sure others do so and do make profit. Just because you or I cannot trade them, does not mean nobody can trade them. There is no always or never in forex.

Its not about how often you win. I already said I have 50:50, but I have a superior RR. I donīt mind losing 30 pips in 10 trades and win 200 pips in 1 trade. I also donīt trade divergences like you.

For me, there must be tops or bottoms, I donīt trade divergence that is 5 periods apart like you do. And you cannot spot any other divergence on my chart because all divergences that I trade are shown there by arrow and alert. I donīt have the indicator on screen. Its in the arrow kind of.
  • #458
  • Feb 10, 2016 2:51am Feb 10, 2016 2:51am
standart techniques, standart indicators doesnt work or works very bad in forex
If it not so, there would be another percentage - 95 percents traders will earn in forex and only 5 percents are losers
  • #459
  • Feb 10, 2016 2:55am Feb 10, 2016 2:55am
Quoting ipsula
standart techniques, standart indicators doesnt work or works very bad in forex If it not so, there would be another percentage - 95 percents traders will earn in forex and only 5 percents are losers
No.

Traders lose money because they are bad, not because the tools are bad. Any form of investment works like this. Have you ever been to a university. Thats one of the first things you learn there.

If you win or lose is ONLY up to the person, no matter if forey, stocks, indices, sports betting, poker whatever. I mean you only have to look around here and you find guys being good while others using the same thing are not doing well. So it cannot be the indicators, they are the same.

But I guess you remain on your point of view. Doesnīt matter.
  • #460
  • Feb 10, 2016 3:00am Feb 10, 2016 3:00am
Quoting Goldberg87
{quote} No. Traders lose money because they are bad, not because the tools are bad. Any form of investment works like this. Have you ever been to a university. Thats one of the first things you learn there. If you win or lose is ONLY up to the person, no matter if forey, stocks, indices, sports betting, poker whatever. I mean you only have to look around here and you find guys being good while others using the same thing are not doing well. So it cannot be the indicators, they are the same. But I guess you remain on your point of view. Doesnt matter....
Take any system from this or another forum, code it, create a robot and test it and you will see the monitoring who is going down...
I am 5 years in forex, you maybe 5 months and with pink glasses.
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