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trend catching with NonLagDot indicator

  • #3,481
  • Apr 1, 2016 7:19am Apr 1, 2016 7:19am
CHFJPY
+10
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  • #3,482
  • Apr 1, 2016 7:20am Apr 1, 2016 7:20am
Total pis for day= +32+11+20-36+10 = 37

Not bad
  • #3,483
  • Apr 1, 2016 7:22am Apr 1, 2016 7:22am
Quoting pundit78
Total pis for day= +32+11+20-36+10 = 37 Not bad
​but I see u have bad MM big SL while your targets are small , your RR is wrong u have to fix it .
than always search the high probability trades which are trades with trend direction.
  • #3,484
  • Apr 1, 2016 8:07am Apr 1, 2016 8:07am
Good moves today.
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  • #3,485
  • Apr 1, 2016 10:21am Apr 1, 2016 10:21am
Quoting Lebaneese
{quote} ​but I see u have bad MM big SL while your targets are small , your RR is wrong u have to fix it . than always search the high probability trades which are trades with trend direction.
No Lebaneese my TP is always bigger than SL, I will post trades with SL and TP but sometime I close the trades before TP and SL if I see its not moving or exit signal appears.
But I will definitely work on high probability setups.
  • #3,486
  • Apr 1, 2016 10:49am Apr 1, 2016 10:49am
Quoting Senan7
Hi Guys, got the arrows now. No short above the DO line and no buy below the DO if I am not mistaken. Thank you Senan
The original method did not take into account the DO price. It just looked for "high Probability" trades with the indicator and is based on basket trading.

The new method that was being tried to help eliminate bad trades was to look at the 4hr Nonlagdot color and its position to the DO.
So if NonLagDot 4hr is Red and below the DO, look for sell orders only. If green and above DO look for buy orders only.

You can download the NonLagDot MultiMeter from the 1st post and it will show you the current NonLagDot colors of the other time frames without having to change the charts time frame.

However, this is a new method being tested and is not part of the original method of trading. Yesterday EUR was a good example where it is likely a good trade is against the DO but is in line with the recent trend.
  • #3,487
  • Apr 1, 2016 10:50am Apr 1, 2016 10:50am
Missed nice entry on GU
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  • #3,488
  • Apr 1, 2016 11:28am Apr 1, 2016 11:28am
Today was hard day. I got ej but he hit BE, another entry at ej and +10pips. All in all today I get +3% depo and all week is +17.5% depo so.. not bad
Labaneese what would You do in this situation UC? I closed because dot color change but I don't know was it good move.
1.EJ 2.UC
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  • #3,489
  • Apr 1, 2016 11:39am Apr 1, 2016 11:39am
Hi Pundit78,
I can see you had a good week. Can please tell me how you determine your TP level.
Thanks
  • #3,490
  • Apr 1, 2016 12:01pm Apr 1, 2016 12:01pm
Quoting ola08
Hi Pundit78, I can see you had a good week. Can please tell me how you determine your TP level. Thanks

Iam setting it up.. 2*ATR
  • #3,491
  • Apr 1, 2016 6:34pm Apr 1, 2016 6:34pm
Quoting pundit78
{quote} Iam setting it up.. 2*ATR
Many thanks for this infomation.
  • #3,492
  • Edited 11:59pm Apr 1, 2016 7:20pm | Edited 11:59pm
Something i have been using is to use a manually trailing SL rather then TP for my targets. I move SL each time level is broken or if there is strong S/R at a level.
Yesterday GBPJPY is a good example.

My levels are rather aggressive and are set at 500 point distance but you can set at any distance such as 100, 200 or 1000. Current profit is 172 pips with SL set at 110 pips. See how it goes Monday morning.
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Attached File(s)
File Type: mq4 SweetSpots GOLD.mq4   4 KB | 311 downloads
  • #3,493
  • Apr 1, 2016 9:02pm Apr 1, 2016 9:02pm
Quoting mrhigurashi
Something i have been using is to use a manually trailing SL rather then TP for my targets. I move SL each time level is broken or if there is strong S/R at a level. Yesterday GBPJPY is a good example. My levels are rather aggressive and are set at 500 point distance but you can set at any distance such as 100, 200 or 1000. Current profit is 172 pips with SL set at 110 pips. See how it goes Monday morning. {image}
May I know what are the MAs in the chart? Further, when you say levels, are you referring to round numbers.....
  • #3,494
  • Apr 1, 2016 11:07pm Apr 1, 2016 11:07pm
Quoting fxenthusiast
{quote} Hi P, where can I find the source of the various TFs indicator on the top left portion of the chart?
FXe: I don't recall the source, but I will upload it here.
Attached File(s)
File Type: ex4 Signal Bars v6.ex4   54 KB | 272 downloads
  • #3,495
  • Apr 1, 2016 11:09pm Apr 1, 2016 11:09pm
Quoting mrhigurashi
Something i have been using is to use a manually trailing SL rather then TP for my targets. I move SL each time level is broken or if there is strong S/R at a level. Yesterday GBPJPY is a good example. My levels are rather aggressive and are set at 500 point distance but you can set at any distance such as 100, 200 or 1000. Current profit is 172 pips with SL set at 110 pips. See how it goes Monday morning. {image}
MrH: do you have an actual indicator, or do you just draw the lines on each chart manually?
  • #3,496
  • Apr 1, 2016 11:13pm Apr 1, 2016 11:13pm
Quoting fxenthusiast
{quote} May I know what are the MAs in the chart? Further, when you say levels, are you referring to round numbers.....
The MAs are 20 and 50 SMAs.

The levels are just round numbers yes.
  • #3,497
  • Apr 1, 2016 11:13pm Apr 1, 2016 11:13pm
Quoting pipcat
{quote} MrH: do you have an actual indicator, or do you just draw the lines on each chart manually?
It is an indicator i posted a few posts back.
  • #3,498
  • Apr 1, 2016 11:25pm Apr 1, 2016 11:25pm
Quoting mrhigurashi
{quote} It is an indicator i posted a few posts back.
Thanks. I did search several pages for it, but didn't easily find it. If you could post the name it would help.
  • #3,499
  • Apr 1, 2016 11:58pm Apr 1, 2016 11:58pm
Quoting pipcat
{quote} Thanks. I did search several pages for it, but didn't easily find it. If you could post the name it would help.
Oh yeah, i wrote the post but forgot to upload it
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File Type: mq4 SweetSpots GOLD.mq4   4 KB | 305 downloads
  • #3,500
  • Apr 2, 2016 12:38am Apr 2, 2016 12:38am
Quoting mrhigurashi
{quote} The MAs are 20 and 50 SMAs. The levels are just round numbers yes.
20 EMA and 50 EMA looking nice to filter bad trades on M30, will give it a try.
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