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The 3-plan

  • #241
  • Oct 23, 2014 3:17pm Oct 23, 2014 3:17pm
Quoting Eurusdd
{quote} {image}
I'll be implementing a method very similar to this but on the higher time frame charts instead [1H, 4H, Daily, Weekly, Monthly].

Yes, I am fully aware that with this longer term approach that it will be absolutely boring, take forever to get good powerful signals But the targets and the amount of pips will be absolutely huge and completely rewarding. This is why while my long term positions are running, I can use that time to get some much needed rest, soak in the sunshine, read, write, watch movies, spend time with my friends, enjoy my music, art and my other creative hobbies

I am forced to trade on the higher timeframes simply because I have other important work, hobbies and creative interests that take up all of my free time.

Tools I like to use on my charts are the following:

  1. Donchian Price Channels (modified Channels set at 13 or 16 with Median Band)
  2. Manually drawn trend lines, trend channels, triangles, flags and harmonic patterns like Butterflies, Gartley's, Cypher's or Wolfe Waves
  3. Bill Williams Fractals
  4. Bill Williams Alligator (or a faster modified version with Lips set at 3,1 instead of 5,3)
  5. Any one Oscillator like Stochastics, CCI, RSI or Williams %R (for helping spot divergences, OB/OS levels, etc.)
  6. Fibs
  7. Several different Currency Strength Meters to scan for opportunities
  8. Or sometimes I will trade naked and only manually draw horizontal zones while keeping my eye on the Strength Meters (while looking for harmonic breakout patterns, bar or candlestick formations, hammers or pin bar rejection candles, fractal reversal zones, fib levels, momentum, etc.)

It's time we stop entertaining ourselves and start realizing ourselves!
  • #242
  • Jul 12, 2015 3:11pm Jul 12, 2015 3:11pm
Quoting kprsa
Hey burnssss, if you want a simple approximate measurement of the cycle period without testing thousands of parameters and doing the correlation with the price, check out this indicator (http://www.forexfactory.com/showthread.php?p=7719280#post7719280). In a cyclical market situation the numbers on the indicator will approximately correspond to the period of the MA becoming flat. k
Here is an indicator that performs the cycle period measurement in the aforementioned way. Perhaps the best way of using it is to set the ObeyExtremum to 24 or 120 on the hourly chart, and analogous for the lower timeframes. It does slow down quite significantly when the ObeyExtremum (a lookback period) is large.

Attached File(s)
File Type: mq4 RealCyclePeriod.mq4   3 KB | 591 downloads
  • #243
  • Jul 12, 2015 3:13pm Jul 12, 2015 3:13pm
Here is also the "correct period stochastic", it uses the indicator from my previous post and it is essentially (imho) the always-tuned version of the stoch for the 3-plan.
k

Attached File(s)
File Type: mq4 RealAdaptiveStoch.mq4   2 KB | 534 downloads
  • #244
  • Jul 12, 2015 3:35pm Jul 12, 2015 3:35pm
Here is the "correct period MA", again using the RealCyclePeriod.mq4 . You can verify that it works OK, since it is almost always piecewise flat over the lookback period ObeyExtremum, and a flat MA is the one of the period tuned to the period of the price cycle.
k
Attached File(s)
File Type: mq4 RealAdaptiveMA.mq4   2 KB | 545 downloads
  • #245
  • Sep 24, 2015 5:35am Sep 24, 2015 5:35am
Quoting kprsa
{quote} Here is an indicator that performs the cycle period measurement in the aforementioned way. Perhaps the best way of using it is to set the ObeyExtremum to 24 or 120 on the hourly chart, and analogous for the lower timeframes. It does slow down quite significantly when the ObeyExtremum (a lookback period) is large. {file}
Thanks a lot kprsa
Good friends are more valuable than gold ...
  • #246
  • Sep 24, 2015 11:33am Sep 24, 2015 11:33am
Quoting pedma
{quote} Thanks a lot kprsa
Cheers, buddy!.
k
  • #247
  • Jan 25, 2016 7:54am Jan 25, 2016 7:54am
нить все еще живут?
From Russia with love.
  • #248
  • May 28, 2016 1:58am May 28, 2016 1:58am
Quoting kprsa
Here is the "correct period MA", again using the RealCyclePeriod.mq4 . You can verify that it works OK, since it is almost always piecewise flat over the lookback period ObeyExtremum, and a flat MA is the one of the period tuned to the period of the price cycle. k {file}
@kprsa: Thank you very much for the RealAdaptive indicators you offered here. I wonder if you could explain the meaning of the blue, red, and grey lines in these indicators. What do they mean? Do they indicate different (equal?) slope minima? Many thanks for answering in advance!
  • #249
  • May 28, 2016 11:24am May 28, 2016 11:24am
Quoting AntiCre
{quote} @kprsa: Thank you very much for the RealAdaptive indicators you offered here. I wonder if you could explain the meaning of the blue, red, and grey lines in these indicators. What do they mean? Do they indicate different (equal?) slope minima? Many thanks for answering in advance!
The coloured (blue/red) lines correspond to the different ways of how one can reach a certain price. It can be either: Up-Down-Up (recovering from a minimum) or Down-Up-Down (down from a maximum). The white line is supposed to calculate the general situation. It is best imho to use the white/gray line of the Stoch indicator for the purpose of this strategy.

Best wishes,
k
  • #250
  • May 28, 2016 1:18pm May 28, 2016 1:18pm
Thank you that much! I've played a bit around with it. It seems that the reversals can be identified - unfortunately only against the main trend. I've used the correlation between stochastic (%k,1,1) and prize itself over a period of 5 candles to check if prize and stochastic are back in sync again. Is there a better way? Any suggestions? Thanks in advance - again ...
  • #251
  • May 28, 2016 2:02pm May 28, 2016 2:02pm
Quoting AntiCre
Thank you that much! I've played a bit around with it. It seems that the reversals can be identified - unfortunately only against the main trend. I've used the correlation between stochastic (%k,1,1) and prize itself over a period of 5 candles to check if prize and stochastic are back in sync again. Is there a better way? Any suggestions? Thanks in advance - again ...
Yes, it's good for reversals. If you want to use it for pullbacks (better imho), you may want to look into the blue/red signals a bit better.
I haven't tried to automatize it myself. If I would have, I would do the same thing as you did.
Cheers,
k
  • #252
  • May 28, 2016 2:54pm May 28, 2016 2:54pm
Thank you. If I find more, I'll post it. Maybe thus we can revive those "old" EURUSDD threads ...
  • #253
  • May 29, 2016 7:10am May 29, 2016 7:10am
Quoting kprsa
{quote} Yes, it's good for reversals. If you want to use it for pullbacks (better imho), you may want to look into the blue/red signals a bit better. I haven't tried to automatize it myself. If I would have, I would do the same thing as you did. Cheers, k
@kprsa: Would you please send me a PM? I'd like to discuss something with you. Thank you!
  • #254
  • Jul 12, 2017 9:29am Jul 12, 2017 9:29am
Quoting jimsterk
I have some ideas but cannot explain with my poor english. {quote} Hi burnssss. Thank you for reply. In the beginning of ultimate truth thread, we all concluded that DNA alone is not profitable. That is why we all moved to zz-fractal way. So how DNA can qualify the signal? I always stuck here. {quote} Hi kprsa, Thank you for introducing interesting threads. I will read them.
Hi Jimsterk, have you found some thing about the DNA ? Please share if you got it (or PM is also ok ... ). Thanks
  • #255
  • Jul 23, 2017 11:35am Jul 23, 2017 11:35am
Quoting thomasberg
{quote} Hi Jimsterk, have you found some thing about the DNA ? Please share if you got it (or PM is also ok ... ). Thanks
Sorry for the late reply, but no I have not found anything and already abandoned the DNA idea long time ago.
  • #256
  • Last Post: Jul 24, 2017 8:14am Jul 24, 2017 8:14am
Quoting jimsterk
{quote} Sorry for the late reply, but no I have not found anything and already abandoned the DNA idea long time ago.
i See , thank you any way mate ...
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