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Lower risk, stress free TDI system

  • #161
  • Edited May 1, 2016 4:21am Apr 30, 2016 9:08am | Edited May 1, 2016 4:21am
Hi

Excellent system, looks very good.

Mehdi, I hope you do not mind but I have been playing around with writing an indicator to show if there was a cross on the TDI and to check the stochastic level

If stochastic is above 50 and moving up then it shows UP if under 50 and moving down then it shows DOWN otherwise it shows NONE.

I have attached the indicator if anybody wants to see how it works so far. I have also attached a TDI indicator that is needed to calculate the TDI values in my indicator. You should put both of them in the indicator folder to work.

I will also be making it to check if you are on daily timeframe and then it will use method 1 or if on any smaller timeframe it will do checks using method 2.

Let me know what you think and if there is any suggestions.

UPDATE: MedhiTDINotifier Version 1.01
Attached File(s)
File Type: ex4 TradersDynamicIndex.ex4   18 KB | 1,297 downloads
File Type: mq4 TradersDynamicIndex.mq4   10 KB | 1,515 downloads
File Type: ex4 MehdiTDINotifier.ex4   9 KB | 1,231 downloads
File Type: mq4 MehdiTDINotifier.mq4   3 KB | 1,529 downloads
What makes a good EA ... low drawdown, consistent profit!
  • #162
  • Apr 30, 2016 10:41am Apr 30, 2016 10:41am
Excellent system, looks very good.

Mehdi, I hope you do not mind but I have been playing around with writing an indicator to show if there was a cross on the TDI and to check the stochastic level


VECTIEBA, can you please provide the mq4 extension
I am learning programming and would like to learn
thanks
  • #163
  • Apr 30, 2016 10:44am Apr 30, 2016 10:44am
Quoting sshhmmuueell
Excellent system, looks very good. Mehdi, I hope you do not mind but I have been playing around with writing an indicator to show if there was a cross on the TDI and to check the stochastic level VECTIEBA, can you please provide the mq4 extension I am learning programming and would like to learn thanks
I have attached the mq4 files to the original post above.
What makes a good EA ... low drawdown, consistent profit!
  • #164
  • Apr 30, 2016 12:06pm Apr 30, 2016 12:06pm
Mehdi

How many candles back can the cross or bounce still be accepted as good?

Should the blue line of the stochastic be pointing up and above 80 for a long trade to be accepted on the daily timeframe?
What makes a good EA ... low drawdown, consistent profit!
  • #165
  • Apr 30, 2016 2:19pm Apr 30, 2016 2:19pm
Please tell us where to put sl and tp. Mehdi please respond with your strategy.
  • #166
  • Apr 30, 2016 5:25pm Apr 30, 2016 5:25pm
Quoting vectieba
Hi Excellent system, looks very good. Mehdi, I hope you do not mind but I have been playing around with writing an indicator to show if there was a cross on the TDI and to check the stochastic level If stochastic is above 50 and moving up then it shows UP if under 50 and moving down then it shows DOWN otherwise it shows NONE. I have attached the indicator if anybody wants to see how it works so far. I have also attached a TDI indicator that is needed to calculate the TDI values in my indicator. You should put both of them in the indicator folder...
Hi Vectieba,

Is this an arrow indicator which gives buy/sell arrows on D1 and 4H Time frames when this system's, rules are met? Installed the indicators in my MT4 Platform and put them in a D1 chart, no trade signals seen. Please see the attachment.

Thanks.
Roy
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 36 KB
  • #167
  • May 1, 2016 12:38am May 1, 2016 12:38am
Quoting vectieba
Hi Excellent system, looks very good. Mehdi, I hope you do not mind but I have been playing around with writing an indicator to show if there was a cross on the TDI and to check the stochastic level If stochastic is above 50 and moving up then it shows UP if under 50 and moving down then it shows DOWN otherwise it shows NONE. I have attached the indicator if anybody wants to see how it works so far. I have also attached a TDI indicator that is needed to calculate the TDI values in my indicator. You should put both of them in the indicator folder...
Is it possible to make a EA for this system so that when all the criteria met it just takes the trade automaticly? or just give an arrow at the right time ot indicate which direction to take the trade according to method 1 or method 2?
  • #168
  • May 1, 2016 1:05am May 1, 2016 1:05am
Quoting RoyPK
{quote} Hi Vectieba, Is this an arrow indicator which gives buy/sell arrows on D1 and 4H Time frames when this system's, rules are met? Installed the indicators in my MT4 Platform and put them in a D1 chart, no trade signals seen. Please see the attachment. Thanks. Roy {image}
Hi RoyI forgot. My charts have white background. Just change colour of indi then you will see it. I will load updated indy and screenshot later. Smahil. It will be possible to do EA but I think this system will work better with Human interaction. There is alot of things a trader takes into account when putting in trades and closing trades without even realizing it that an EA cannot. I just think my indy makes it quicker to spot a possible trade and then you must still use the other visual indicators to confirm.
What makes a good EA ... low drawdown, consistent profit!
  • #169
  • May 1, 2016 2:29am May 1, 2016 2:29am
Good Morning,

Quoting spyderforex
Hi Medhi, First of all I'd like to thank you for sharing your working system to everyone. I'd like to ask, how would you know where to stop and where to take profit? Thank you!
Hi Spyderforex, Post 13

http://www.forexfactory.com/showthre...79#post8892779

Quoting vectieba
Mehdi How many candles back can the cross or bounce still be accepted as good? Should the blue line of the stochastic be pointing up and above 80 for a long trade to be accepted on the daily timeframe?
Hi Vectieba,

Every Setup is different. Acording to the original TMS Thread, a trend shows in average 3 to 8 Heikin Ashis. But you can not take it to the bank.
The longer a trend run the faster its stale.

You only have to collect positive and negative aspects for each Trade, for example:
Watch for stepness in your indicators
-Triggerline stepness Long(12-2), Short (4-6)
-If slope watches in tradedirection its another big positive aspect
-Stochastic stepness
-Trendlines
-Strong resistance (Monthly Lines, TDI-Resistance)
-Candle size and so on


For method 1 stochastic has to be over 80.


Quoting shadowbroker
Please tell us where to put sl and tp. Mehdi please respond with your strategy.
Hi shadowbroker, Post 13

http://www.forexfactory.com/showthre...79#post8892779


Quoting vectieba
{quote} Hi RoyI forgot. My charts have white background. Just change colour of indi then you will see it. I will load updated indy and screenshot later. Smahil. It will be possible to do EA but I think this system will work better with Human interaction. There is alot of things a trader takes into account when putting in trades and closing trades without even realizing it that an EA cannot. I just think my indy makes it quicker to spot a possible trade and then you must still use the other visual indicators to confirm.
Hi Vectieba

Yes its better to use the brain while trading. EA can be better used for entryOPPORTUNITIES ore managing your running trade. But to pull the the trigger has to be in traders hand.

No EA will catch the information that you can get with a glimpse on you tradingchart and HTF.

Here in FF is a TMS EA with a huge list of aspects to choose.

The thread is dead.



best wishes for you all and a nice weekend


Candle
"Repetition is the mother of skill"
  • #170
  • May 1, 2016 3:44am May 1, 2016 3:44am
What is rebound please ?

Best regards
  • #171
  • May 1, 2016 3:52am May 1, 2016 3:52am
Quoting jgadefelth
What is rebound please ? Best regards
Hi,

its when youre Triggerline(green line) bounce away from the Slope(red line).

http://www.forexfactory.com/showthre...47#post8892547

best wishes

Candle
"Repetition is the mother of skill"
  • #172
  • May 1, 2016 3:58am May 1, 2016 3:58am
Quoting vectieba
Hi Excellent system, looks very good. Mehdi, I hope you do not mind but I have been playing around with writing an indicator to show if there was a cross on the TDI and to check the stochastic level If stochastic is above 50 and moving up then it shows UP if under 50 and moving down then it shows DOWN otherwise it shows NONE. I have attached the indicator if anybody wants to see how it works so far. I have also attached a TDI indicator that is needed to calculate the TDI values in my indicator. You should put both of them in the indicator folder...
Where does the indi show up? on the tdi, stoch, or on the chart candles?
  • #173
  • May 1, 2016 4:08am May 1, 2016 4:08am
Quoting Candle-
{quote} Hi, its when youre Triggerline(green line) bounce away from the Slope(red line). http://www.forexfactory.com/showthre...47#post8892547 best wishes Candle

Yes thanks in post 4 picture 2 as u link to it is also rebounds but it dont jump away from redline it seems more that it is a break from moving down it moving sideways ?

best regards
  • #174
  • May 1, 2016 4:17am May 1, 2016 4:17am
Quoting jgadefelth
{quote} Yes thanks in post 4 picture 2 as u link to it is also rebounds but it dont jump away from redline it seems more that it is a break from moving down it moving sideways ? best regards
zoom in, first it hooks, then the trigger turns up in tradedirection. Often theres place between trigger and slope.

best wishes
"Repetition is the mother of skill"
  • #175
  • May 1, 2016 4:23am May 1, 2016 4:23am
I have updated the Notifier Indi in post http://www.forexfactory.com/showthre...26#post8901626

It will now check for the timeframe of the current chart and use Method 1 if Daily or above is selected or method 2 if anything smaller than Daily is selected.

Only thing I still need to try and implement is the bounce.

Attached Image (click to enlarge)
Click to Enlarge Name: GOLDH4.png Size: 35 KB
What makes a good EA ... low drawdown, consistent profit!
  • #176
  • May 1, 2016 4:27am May 1, 2016 4:27am
Quoting Scrambleguy
{quote} Where does the indi show up? on the tdi, stoch, or on the chart candles?
See above post. It shows on the main chart.
What makes a good EA ... low drawdown, consistent profit!
  • #177
  • May 1, 2016 5:27am May 1, 2016 5:27am
Quoting vectieba
{quote} See above post. It shows on the main chart.
So it does NOT select method 1 if you are on a 4hr ? only DAILY? and if it crosses the 50 stoch for signal how long does the signal stay alerted after the cross??
  • #178
  • May 1, 2016 7:37am May 1, 2016 7:37am
Quoting vectieba
Hi Excellent system, looks very good. Mehdi, I hope you do not mind but I have been playing around with writing an indicator to show if there was a cross on the TDI and to check the stochastic level If stochastic is above 50 and moving up then it shows UP if under 50 and moving down then it shows DOWN otherwise it shows NONE. I have attached the indicator if anybody wants to see how it works so far. I have also attached a TDI indicator that is needed to calculate the TDI values in my indicator. You should put both of them in the indicator folder...
Is it possible. to add a sound option? That way one wouldnot have to be at the screens at the time.
  • #179
  • May 1, 2016 9:08am May 1, 2016 9:08am
Quoting Scrambleguy
{quote} So it does NOT select method 1 if you are on a 4hr ? only DAILY? and if it crosses the 50 stoch for signal how long does the signal stay alerted after the cross??
Hi Scambleguy

In essence both methods are the same, only on 4hr the rules are not as strict. When there is a cross the signal should stay active for the duration of the next candle
What makes a good EA ... low drawdown, consistent profit!
  • #180
  • May 1, 2016 10:12am May 1, 2016 10:12am
Olaaaa

in the moment i study old charts and found this realy bad setup (method 2). I thought its a good example for Resistance. Maybe it helps someone to identify bad signs.
Positive:
-Steep cross above the MBL
-Slope bends in tradedirection
-Stoch steep on the 50

Bad signs:
-Daily Resistance
-BRN (00) Resistance
-feast day
-Huge TDI Resistance (Trigger and TDI 50)
-Entry friday
The facts crying to be stay out. Maybe a little trade till the BRN in H4.
Attached Image (click to enlarge)
Click to Enlarge Name: Example.PNG Size: 75 KB


best wishes

Candle
"Repetition is the mother of skill"
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