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trend catching with NonLagDot indicator

  • #3,861
  • May 2, 2016 6:38pm May 2, 2016 6:38pm
Quoting jmmn
Help, please! I am seeing very many indicators of NLD and I feel confused. Will somebody please tell me which one is the one to be used to follow the strategy written in post 1? Thanks a lot in advance!
The only indis you need really are:

nonlagdot.mq4
NoLagAlerts_Single_v2_4.mq4

and if you like to see what is happening on other time frames:

NonLagDot_MultiMeter_v01.00.ex4

The indis above are in post 1.
  • #3,862
  • May 2, 2016 8:14pm May 2, 2016 8:14pm
Hi,
Is there anyone here using this strategy on H4 timeframe?

Currently I am taking all signals on H4 and getting mixed results. I would say it is more of 50-50 win rates. I would like to know if there are others who has better win rates and wonder if there are others who are following the D1 time frame to enter trades.

Thanks.
  • #3,863
  • May 2, 2016 8:40pm May 2, 2016 8:40pm
Quoting gyfu
Hi, Is there anyone here using this strategy on H4 timeframe? Currently I am taking all signals on H4 and getting mixed results. I would say it is more of 50-50 win rates. I would like to know if there are others who has better win rates and wonder if there are others who are following the D1 time frame to enter trades. Thanks.
Can you give an example of your trades? I had a quick look at some pairs and cant see why you'd only be 50/50 on 4hr. Perhaps its your style or perhaps R/R or the pairs you use.... Do you trade as a basket or hold trades until TP reached?
  • #3,864
  • May 2, 2016 10:11pm May 2, 2016 10:11pm
mrhigurashi,
thanks for your reply. Perhaps, I'll share how I trade it and I think it is possibility of trade management that is causing the problems. I also like to clarify, when I say 50/50, I actually meant that my entire profit earnings is actually break even for the month of Apr.

1) I am trading 8 pairs only, AU, AJ, EJ, EU, GJ, GU, UC and UJ.
2) I am trading each pair by itself, not basket.
3) I close half my position at 1:1 risk and trail the rest. At 1:2, I moved my trade to break even.
4) I have been planning to add positions to winning trade but have not really started doing it since I have no confidence.

Looking at hindsight, it does show that I should be winning a lot of trades, but there are factors where I missed trades due to sleep or unavailability. There are other technical factors where my PC went on an auto update and restart, so I lost my trade management, sometimes ending up in a loss or some did end up in a better profit.

After this one month, I have sorted out the technical problems. In my review, I believed that I am giving the profits away during the short ranging periods and not fully capitalizing my winning trades.

Your thoughts?
  • #3,865
  • May 2, 2016 10:30pm May 2, 2016 10:30pm
Quoting gyfu
mrhigurashi, thanks for your reply. Perhaps, I'll share how I trade it and I think it is possibility of trade management that is causing the problems. I also like to clarify, when I say 50/50, I actually meant that my entire profit earnings is actually break even for the month of Apr. 1) I am trading 8 pairs only, AU, AJ, EJ, EU, GJ, GU, UC and UJ. 2) I am trading each pair by itself, not basket. 3) I close half my position at 1:1 risk and trail the rest. At 1:2, I moved my trade to break even. 4) I have been planning to add positions to winning...
I know im just cherry picking here and i do not trade the 4hr chart but this is a clear example where this could have netted you some big pips. Perhaps a simple strategy of placing a pending order on each signal 10 pips away from price. Set trailing SL if you wish. Close will be on net opposite signal. Or perhaps after candle close of next signal move SL to just above/below the candle as in my second image?

Doing this on GBPJPY For the month of April youd be up about 2400 pips inc losses. I have no idea how well this works in the long run or on other pairs but food for thought. Perhaps i will look into it more if i get the time.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.png Size: 41 KB
Attached Image
  • #3,866
  • May 2, 2016 11:09pm May 2, 2016 11:09pm
mrhigurashi,
Thanks again. I do follow this pair, and I guess you made me realized that I should just take the signal regardless of what I thought of the price action. Some of the entries, I didn't take thinking that it would not work due to my reading of the price action.

For example, the last GBPJPY drop, I didn't take it at that time because I thought the pair will be ranging.

Thanks for your thoughts, I will continue to trade it this way and see how it progresses this month.
  • #3,867
  • May 3, 2016 1:14am May 3, 2016 1:14am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting mrhigurashi
{quote} The only indis you need really are: nonlagdot.mq4 NoLagAlerts_Single_v2_4.mq4 and if you like to see what is happening on other time frames: NonLagDot_MultiMeter_v01.00.ex4 The indis above are in post 1.
Thank you very much, mrhigurashi.
  • #3,868
  • May 3, 2016 5:33am May 3, 2016 5:33am
Quoting mrhigurashi
{quote} I know im just cherry picking here and i do not trade the 4hr chart but this is a clear example where this could have netted you some big pips. Perhaps a simple strategy of placing a pending order on each signal 10 pips away from price. Set trailing SL if you wish. Close will be on net opposite signal. Or perhaps after candle close of next signal move SL to just above/below the candle as in my second image? Doing this on GBPJPY For the month of April youd be up about 2400 pips inc losses. I have no idea how well this works in the long run...
hello mrhigurashi,
it seems that our chart and the resulting arrows look different.
uses some different setting parameters on allert indi or is it just a difference in prices / broker?
thank you
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy1.PNG Size: 54 KB
Click to Enlarge Name: gbpjpy2.PNG Size: 50 KB
nescentia necat
  • #3,869
  • May 3, 2016 6:21am May 3, 2016 6:21am
Quoting friska
{quote} hello mrhigurashi, it seems that our chart and the resulting arrows look different. uses some different setting parameters on allert indi or is it just a difference in prices / broker? thank you {image} {image}
Yeah i see... I have no idea why. The candles look the same.
  • #3,870
  • May 3, 2016 7:58am May 3, 2016 7:58am
Quoting mrhigurashi
{quote} Yeah i see... I have no idea why. The candles look the same.
thx maybe broker differences..
but some time really deep diff. worrying especially in the candle formation mmmh
you have less 'false arrow signal' so good for you i think hehehe
thx and wish you the best trade!
Attached Image (click to enlarge)
Click to Enlarge Name: candle.PNG Size: 17 KB
nescentia necat
  • #3,871
  • May 3, 2016 8:12am May 3, 2016 8:12am
Quoting friska
{quote} thx maybe broker differences.. but some time really deep diff. worrying especially in the candle formation mmmh you have less 'false arrow signal' so good for you i think hehehe thx and wish you the best trade! {image}
friska, what pair and what TF is that.
  • #3,872
  • May 3, 2016 8:53am May 3, 2016 8:53am
Good morning NLD traders,
Well here it is Tuesday @0745 AM and the market again lights off with a BANG!! In my trading background there was a guru that claimed he only traded TUES-THURSDAY, I am payting attention!! Everything is on automatic trailing mode and I wait to see how much I get at the end of the run. Here is my charts and positions:
Attached Image (click to enlarge)
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  • #3,873
  • May 3, 2016 8:58am May 3, 2016 8:58am
Here is the best one so far,
Attached Image (click to enlarge)
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  • #3,874
  • May 3, 2016 9:04am May 3, 2016 9:04am
Thank you Moonbeam15, as I am relatively new to this group. Could you please share your indicators of your last couple of screen print as well as the strategy used, including timeframe and cross. With appreciation, ddragh
  • #3,875
  • May 3, 2016 9:37am May 3, 2016 9:37am
Quoting Lebaneese
{quote} ​Brit it still working great, I am not posting charts bcz no one asking plus everything is clear. I am always ready to answer all questions.
you make analisis in previeous day evening for next trading day?
  • #3,876
  • May 3, 2016 11:39am May 3, 2016 11:39am
Hello NLD traders,
Here is current results so far.
Most of all, THANK YOU MR. LEBANEESE, for your system and guidance. It is now 0935 PST.
Attached Image (click to enlarge)
Click to Enlarge Name: FXCM MetaTrader 4.png Size: 136 KB
  • #3,877
  • May 3, 2016 12:29pm May 3, 2016 12:29pm
Hello again,

Well I bailed out @10:30 PST. Profit potential was starting to fade and it is NFP week. Provided status report.
Attached Image (click to enlarge)
Click to Enlarge Name: FXCM MetaTrader 4.png Size: 183 KB
  • #3,878
  • May 3, 2016 1:10pm May 3, 2016 1:10pm
Quoting Lebaneese
{quote} friska, what pair and what TF is that.
hi Lebaneese,
first of all thanks again for sharing this system.
I see that many here are performing well, then well done !
i'm not too much fan of systems based on indicators but I see that if implemented with some techniques (I find an attitude so fit with my
'trading style' with correlations / edging between original and derivate pairs .. currency exposure, etc.) it can become a good tool.
anyway back to us, to be in line with mrhigurashi was GBPJPY 4H. the same chart would say ..
indicators posted by mrhigurashi just above
nescentia necat
  • #3,879
  • May 3, 2016 1:52pm May 3, 2016 1:52pm
Quoting alainb
repost of an alternative indicator of NoLagAlerts that needed debugging NoLagAlerts_mod_AB_1.00 the indicator : draw a up arrow WHEN : the NLD of the current timeframe is UP AND the last bar is bearish and the previous bar is bullish. draw a down arrow WHEN : the NLD of the current timeframe is DOWN AND then last bar is bullish and the previous bar is bearish. ++++ PLUS +++++ you can filter the signals with two more timeframes , in this case the arrow is only drawn when the current timeframe and the 2 others timeframes are in the same direction...
Hey alainb, thanks for this realy interesting indicator !

Tried it, but it slows everything extremly down, doesn`t show a dotted line (maybe it is coded that way?)
Possible pending trades line is showing up.

Could you please have a look? Thanks
  • #3,880
  • Edited 8:16pm May 3, 2016 6:04pm | Edited 8:16pm
Quoting Brittanyfx
It would be interesting to modify the "NoLagAlerts_Single_v2_4" and combine it with "NonLagDot MultiMeter V01.00" to send alerts only when both indicators are in the same direction. Anyone is encouraged? Green pips!
Someone worked on this idea?

Arrow up and H1/H4 in green = Alert
Arrow down and H1/H4 in red = Alert

I use push notifications with vps. In this way it would be very comfortable because only receive alerts when conditions are optimal.

Thanks!
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