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trend catching with NonLagDot indicator

  • #2,881
  • Mar 2, 2016 8:45am Mar 2, 2016 8:45am
AU
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  • #2,882
  • Mar 2, 2016 9:08am Mar 2, 2016 9:08am
Quoting Lebaneese
{quote} ​thanks Elios for helping . Lifon u can use this indicator to draw u the open line .
I know daily open. For me was confusing not only one bar meeting this rule but several bars meeting this rule. For this are probably several reasons - night, away from PC and ... Is this so?
  • #2,883
  • Mar 2, 2016 10:01am Mar 2, 2016 10:01am
I have been asked several times now to explain the settings for the NLD Grid Fusion Trade Manager.

I have tried many settings for the Trade Manager and the "set" file I uploaded appears to be the most profitable.

I did not code the TM and do not use all the settings but I will try to explain.

Magic number.....Not functional. It is advisable to only have 1 trade per pair.

Lot size....Obvious. Whatever you want to risk.

Use SwingLowOrHigh....1 means yes, 0 means no. Yes places the SL behind the previous swing high/low. This can be a very large SL so I wont use it.

ATRStopLossMultiplier.......Places the SL at a multiple of ATR behind the trade entry. I use 1.5 but do tend to trail the SL manually.

Take Profit....Take profit in pips per trade.. I dont use it as I always watch the trades and close out manually for maximum gains.

ATRTakeProfitMultiplier......This is a TP per individual trade in multiples of ATR.

Scale ATRMulti......The multiple of ATR used to add trades. I use 0.3 but it means I am entering further trades before my first has broken even giving me a larger risk.

TrailingStopLossStart.....Figure in pips or multiple of atr into profit at which to move the trailing SL.

TrailingStopLossStep......Figure in pips or multiple of atr at which to initially position the SL from the open price once TrailingStopLossStart has activated. I use 0 as it gives me a trailed stop loss with the same distance from price as TrailingStopLossStart.

TrailingStopLossATR.....0 = use pip values, 1 = use atr values.

Use NonLagDot Reversal.....Use change of dot colour to exit trades.

The Main,Filter and close TF's are not functional and will be cleaned out in the future.

Trade direction Daily is not functional. Trade direction will be the same as the first trade manually placed by yourself.

Hope this sorts everything.
  • #2,884
  • Mar 2, 2016 10:06am Mar 2, 2016 10:06am
And, for easy access...............
Attached File(s)
File Type: pdf the NLD Grid Fusion Trade Manager Settings explained.pdf   121 KB | 779 downloads
  • #2,885
  • Mar 2, 2016 5:31pm Mar 2, 2016 5:31pm
Quoting Elios
{quote} See post No 2859 The indi with the daily open line is this. {file} {file}
Thanks Elios, for the indicator.
  • #2,886
  • Mar 2, 2016 5:54pm Mar 2, 2016 5:54pm
Hi,
i am new to this FX trading,can anyone advise me how to set the indicators on the charts for live account.Since i am a newbie i don't have much knowledge about trading.Appreciate if anyone can assist me.
Thank you
  • #2,887
  • Mar 2, 2016 6:53pm Mar 2, 2016 6:53pm
In mt4 go to top left of screen select: File > Open Data Folder > MQL4 > Indicators > Custom. Paste the indi there. Close mt4: File > Exit. Then open mt4, from top left of screen again: Insert > Indicators > Custom.
Good Trading
  • #2,888
  • Mar 2, 2016 10:43pm Mar 2, 2016 10:43pm
@valid7rock: you are free to do what you want However, I would highly recommend you to get familiar first with your software and the indicator before going live.
  • #2,889
  • Mar 3, 2016 12:32am Mar 3, 2016 12:32am
Quoting Lebaneese
AU {image} {image}
Nice thread Lebaneese

Can i ask you what the blue dot line represent? Its daily open?

EDIT: OK, already found the answer. thx!!!
"What would you attempt to do, if you knew your success was a certainty?"
  • #2,890
  • Mar 3, 2016 2:08am Mar 3, 2016 2:08am
EU
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  • #2,891
  • Mar 3, 2016 2:23am Mar 3, 2016 2:23am
Hmmm, This new 4 hr method being tried does not seem very well thought out.

- What 4hr candle do you use? Seems sporadic. Sometimes first, or second or third.
- Why do you not wait for the candle to finish? I notice one chart for EURJPY on 29th Feb the first 4hr candle was used however the trade was taken only half way into the candle. If the candle turns around and becomes a bullish candle the the trade would be against the theory.
- What happens if you take the first 4hr candle but do not get a signal as price turns the other way. Do you then look at the second 4hr candle?

If this is to help newbie traders i think the rules need to be defined a little better. Currently just hindsight taking whatever trade look good.
  • #2,892
  • Mar 3, 2016 2:27am Mar 3, 2016 2:27am
Quoting mrhigurashi
Hmmm, This new 4 hr method being tried does not seem very well thought out. - What 4hr candle do you use? Seems sporadic. Sometimes first, or second or third. - Why do you not wait for the candle to finish? I notice one chart for EURJPY on 29th Feb the first 4hr candle was used however the trade was taken only half way into the candle. If the candle turns around and becomes a bullish candle the the trade would be against the theory. - What happens if you take the first 4hr candle but do not get a signal as price turns the other way. Do you then...
​do u have statistics for that filter ?
for 4 H I see when the M30 give signal than check 4H if both same color could be good trade ( it could change color anytime yes, but loss is part of the game)
  • #2,893
  • Mar 3, 2016 2:32am Mar 3, 2016 2:32am
but other thing to be changed .
We have less number of trades and to build a basket is harder, so MM for sure will change.
I will check it for this month if entries are good will work on good MM .
For now still under testing .
  • #2,894
  • Mar 3, 2016 4:06am Mar 3, 2016 4:06am
CADJ
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  • #2,895
  • Mar 3, 2016 4:26am Mar 3, 2016 4:26am
EJ
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  • #2,896
  • Mar 3, 2016 4:28am Mar 3, 2016 4:28am
UCAD
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  • #2,897
  • Mar 3, 2016 4:57am Mar 3, 2016 4:57am
Quoting Lebaneese
{quote} ​do u have statistics for that filter ? for 4 H I see when the M30 give signal than check 4H if both same color could be good trade ( it could change color anytime yes, but loss is part of the game)
Ummm, nobody is talking about wining every trade. The point i made was about defining the strategy.

The issue i see is that if your looking at a 4hr candle as a filter but then taking a trade say 1 hr into the 4hr candle then your really looking at a 1 he candle then. I mean every one trades how they like, but these are just my thoughts. As threads are supposed to be for people to discuss and so this is my input into the discussion.

Personally i do not think the logic of using a 4hr candle as a filter before the candle has completed is a good way to trade but everyone has their own opinion.

And this i guess was what i was asking as there was no logic defined. So then your logic for this would be to look at the 4hr chart and just take whatever the 4hr candle is showing at that time regardless weather it has just begun, is half way through or finished?
  • #2,898
  • Mar 3, 2016 5:18am Mar 3, 2016 5:18am
Quoting mrhigurashi
{quote} Ummm, nobody is talking about wining every trade. The point i made was about defining the strategy. The issue i see is that if your looking at a 4hr candle as a filter but then taking a trade say 1 hr into the 4hr candle then your really looking at a 1 he candle then. I mean every one trades how they like, but these are just my thoughts. As threads are supposed to be for people to discuss and so this is my input into the discussion. Personally i do not think the logic of using a 4hr candle as a filter before the candle has completed is a...
​me too I never traded this filter and no idea from my side , could be right what u suggested. what I am doing here trying to help the others to find a way to filtrate trades. I am not setting any rules for this new set up just trying to find the best set up for it, that's why I asked for help from others.
if someone traded this 4H filter direction can help us .
  • #2,899
  • Edited 6:10am Mar 3, 2016 5:39am | Edited 6:10am
Quoting mrhigurashi
{quote} Ummm, nobody is talking about wining every trade. The point i made was about defining the strategy. The issue i see is that if your looking at a 4hr candle as a filter but then taking a trade say 1 hr into the 4hr candle then your really looking at a 1 he candle then. I mean every one trades how they like, but these are just my thoughts. As threads are supposed to be for people to discuss and so this is my input into the discussion. Personally i do not think the logic of using a 4hr candle as a filter before the candle has completed is a...

You miss understood about the filter.
-4Hour is NOT candle colour but NLD colour last candle closed.
-For Daily is CANDLE colour.

You can read posted by KOSMO & others behind, about this filter.
And EA by ARASAL using this filter also, you can test to compare it on strategy tester: with or wihout this filter.
  • #2,900
  • Edited 6:54am Mar 3, 2016 6:27am | Edited 6:54am
hiya
today just one trade
eu
didnt take more trades coz make some analyses based on another thinks.. so the best one was EU
the rulse for the enter was the same, H4 direction(color dot), signal m30, and the power of valutes.
two accounts, big and small, big and low leverage, different spred.
on big one take manualy 35 pips
another one is smaller, hit the target 40 pips..
so you now my target for this pair.
gbpusd buy in progress
update
gbpusd hit the target( my target on this pair for this strategy-..allways)
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