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MADdash (Moving Average Distance)

  • #1,301
  • Edited 8:53pm May 11, 2016 6:22pm | Edited 8:53pm
Bag a few good pips with EU with the help of MADdash.

I have one question though, how can I make the alert function work? (topright portion)

Thanks so much.

EDIT: Never mind, found it got it working already. Thanks.

AUDN was able to jump on it and still going down
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH1_sell.png Size: 144 KB
If you do not risk it, you cant make it, you cant risk nothing for somethin
  • #1,302
  • May 11, 2016 10:53pm May 11, 2016 10:53pm
Hey AgoJo....would you care to enlighten me? Can you configure it to put up a separate alert window or email you?
  • #1,303
  • May 12, 2016 4:20am May 12, 2016 4:20am
Quoting 919gilead
{quote}


Hi 919glead, thanks for sharing this system. I was able able to gain some pips with EU, AUD,NZD and JPY pairs with MADdash. But I always get in halfway of the trend. Would you care sharing at what TF do you check to be able to get it at the start of the trend? Do you use specfic pip distance to get in?

AJ

Quoting lctrader11
Hey AgoJo....would you care to enlighten me? Can you configure it to put up a separate alert window or email you?



Hi LCTrader, I dont think there is an option for Email alert, but yes, it does have a pop up alert option under the inputs tab.
Attached Image (click to enlarge)
Click to Enlarge Name: alertMADdash.png Size: 94 KB
If you do not risk it, you cant make it, you cant risk nothing for somethin
  • #1,304
  • May 12, 2016 11:36am May 12, 2016 11:36am
AJ...thanks for the reply and the pic...

919glead - How would I differentiate between "pips or % ATR? In the example above, what does "15" refer to; pips or %ATR? It would necessarily be the same would it?
  • #1,305
  • Edited 3:30pm May 12, 2016 3:19pm | Edited 3:30pm
Quoting AgaJo
{quote} Hi 919glead, thanks for sharing this system. I was able able to gain some pips with EU, AUD,NZD and JPY pairs with MADdash. But I always get in halfway of the trend. Would you care sharing at what TF do you check to be able to get it at the start of the trend? Do you use specfic pip distance to get in?

Hi AgaJo,

You're welcome buddy

I trade off M30/H1 trend but enter on either the M1 and M5 TFs. I use the MA Channel of high and low of both TFs - sometime 21 or 35 or 37 of EMA/SSMA/LWMA at different times and enter after the M30 candle breaking out of the channel as per enclosed GJ chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ Chart1.gif Size: 41 KB



Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #1,306
  • May 12, 2016 3:27pm May 12, 2016 3:27pm
Quoting lctrader11
919glead - How would I differentiate between "pips or % ATR? In the example above, what does "15" refer to; pips or %ATR? It would necessarily be the same would it?
Ictrader,

The attached should answer your questions. The default is in pips and you have other options there for ATR and ADR. The 15 refers to the option you choose.

Attached Image (click to enlarge)
Click to Enlarge Name: MADdash - IcTrader.gif Size: 41 KB


Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #1,307
  • May 14, 2016 1:25am May 14, 2016 1:25am
Quoting 919gilead
{quote} Hi AgaJo, You're welcome buddy I trade off M30/H1 trend but enter on either the M1 and M5 TFs. I use the MA Channel of high and low of both TFs - sometime 21 or 35 or 37 of EMA/SSMA/LWMA at different times and enter after the M30 candle breaking out of the channel as per enclosed GJ chart. {image} Shalom
919gilead has provided a powerful , less stressful and profitable scalping system for short-term and intra-day trading.

I also use the discretionary technique with MADASH as compass for entry but I use different tools. I am a huge risk-taker so I trade on news events as well again using MADDASH as my navigator.

My routine on a daily basis:

I check 5 previous days' high and low using multipips dashbaord or any website to determine the expected volatility in pips and take an average of 5 days.

I scan economic calendar to check what events could act as trigger points and contemplate pre-announcement and post-announcement scenarios that could play out in the event surprises take place. Will it result in reversal or retracement ? This is always in my mind. Some websites also give an idea of how to act based on previous metrices linked to the numbers that were announced. We have to be guided by past actions or if not, by our own intuition, if we are to trade on economic events.

In case of a couple of economic events affecting a single currency the possibility of retracements, pullbacks and fake reversals/corrections need to be considered. I love these roller-coaster rides. Such a day provides good trading opportunities and potential to earn in a day what you expect to earn in a month.

Trading technique:

I calculate manually five days daily average pips and use markers to print Up and Down boundaries of the ATR/ADR range and estimate volatility that can happen on my trading day. I also use EMA offset bands to mark pip boundaries directly linked to Moving Averages.

You have a good choice of tools - channels, boxes, bands, ribbons, rainbows, shades, etc. - to use on time based MAs (M1 , M30, M60 is my choice) to point out or even print expected positions for entry and profit/loss exits.
Practice makes a person perfect
  • #1,308
  • May 14, 2016 5:18pm May 14, 2016 5:18pm
Quoting 919gilead
{quote} Hi AgaJo, You're welcome buddy I trade off M30/H1 trend but enter on either the M1 and M5 TFs. I use the MA Channel of high and low of both TFs - sometime 21 or 35 or 37 of EMA/SSMA/LWMA at different times and enter after the M30 candle breaking out of the channel as per enclosed GJ chart. {image} Shalom

Hey man,

Awesome Trading! You should create a thread/forum teaching your scalping strategy using the MDASH and CDASH.....ever gave that a thought?
  • #1,309
  • May 17, 2016 2:26am May 17, 2016 2:26am
Quoting allanpizzoni
{quote} Hey man, Awesome Trading! You should create a thread/forum teaching your scalping strategy using the MDASH and CDASH.....ever gave that a thought?

Thank you Allan. Will consider doing that in the future but probably not NOW
Low Risk Low Stress High Reward High Probability Trades
  • #1,310
  • May 17, 2016 6:29am May 17, 2016 6:29am
Quoting 919gilead
{quote} Thank you Allan. Will consider doing that in the future but probably not NOW
Thanx @919gilead & @honestknave

is there any way to extract the numbers FROM the table MT4 into Excel ?
i attached screenshot to show the #'s of table i mean.

thanx
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-05-17 03_00_30-Greenshot.png Size: 206 KB
  • #1,311
  • Edited 11:13am May 24, 2016 10:24am | Edited 11:13am
For whatever reason my broker doesn't offer CADCHF but does have CHFCAD
Attached Image

Surely I am not alone . . . any chance of making it a variable ?

The thing is it's absence is affecting the overall calculations
.
  • #1,312
  • May 27, 2016 7:18am May 27, 2016 7:18am
Quoting omrangassan
{quote} Thanx @919gilead & @honestknave is there any way to extract the numbers FROM the table MT4 into Excel ? i attached screenshot to show the #'s of table i mean. thanx {image}
Hi!
You can actually read the information from the objects on the chart...

Here is a sample where I read the Alerts from the chart:

string GetMADAlertPair(int Nr)
{
string sMADdashPair = "MADdashx";
return(ObjectGetString(MADdashChart, sMADdashPair+IntegerToString(Nr), OBJPROP_TEXT));
}

string GetMADAlertDirection(int Nr)
{
string sMADdashDirection = "MADdasha";
return(ObjectGetString(MADdashChart,sMADdashDirection+IntegerToString(Nr),OBJPROP_TEXT ));
}

But at first you need the id of the chart, like this:

long FindMADdashChart()
{
long currChart,prevChart=ChartFirst();
int i=0,limit=100;
string sObjectName = "MADdash1";
if(ObjectFind(prevChart, sObjectName)>=0) {
return prevChart;
}
else {
while(i<limit)// We have certainly not more than 100 open charts {
currChart=ChartNext(prevChart); // Get the new chart ID by using the previous chart ID
if(currChart<0) break; // Have reached the end of the chart list
if(ObjectFind(currChart, sObjectName)>=0) return(currChart);
prevChart=currChart;// let's save the current chart ID for the ChartNext()
i++;// Do not forget to increase the counter
}
}
Print("Missing MADdash indicator!");
return(0);
}

Make sure you do not have more than one MADdash in your MT4 or it will maybe not work.
Then you need to find out the object names that store the values you are interested in.
It means some investigation but eventually you will see the pattern.
Also make sure that you sort the table in a smart way so that the pairs do not bounce up and down too much in the table.
Good luck!
  • #1,313
  • May 29, 2016 1:22am May 29, 2016 1:22am
Thanks all FF members. My question is that can we include other pairs also in dashboard. Like i am interested to see commodities in dashboard. Is it possible?
  • #1,314
  • May 29, 2016 11:25pm May 29, 2016 11:25pm
Quoting MathiasJ
{quote} Hi! You can actually read the information from the objects on the chart... Here is a sample where I read the Alerts from the chart: string GetMADAlertPair(int Nr) { string sMADdashPair = "MADdashx"; return(ObjectGetString(MADdashChart, sMADdashPair+IntegerToString(Nr), OBJPROP_TEXT)); } string GetMADAlertDirection(int Nr) { string sMADdashDirection = "MADdasha"; return(ObjectGetString(MADdashChart,sMADdashDirection+IntegerToString(Nr),OBJPROP_TEXT )); } But at first you need the id of the chart, like this: long FindMADdashChart() { long...
thanx sir

but i'm null into programming.
- where shall i copy/paste/save your script ?
- where to drop it ?
- where the script will save the numbers & objects ?
- may you please do a favor and go for example ?

Thanx bro
  • #1,315
  • May 30, 2016 2:07pm May 30, 2016 2:07pm
Quoting omrangassan
{quote} thanx sir but i'm null into programming. - where shall i copy/paste/save your script ? - where to drop it ? - where the script will save the numbers & objects ? - may you please do a favor and go for example ? Thanx bro
Hi!
Unfortunately I do not have the time to code that now. I am busy with other stuff.
Maybe it is actually time for you to try it?
If you learn MT4 programming then a new world of possibilities open up for you.
BR
  • #1,316
  • May 30, 2016 7:42pm May 30, 2016 7:42pm
hi hosteknave, thank you for creating such amazing instrument!
would u so kind to add email notification
  • #1,317
  • May 31, 2016 1:53am May 31, 2016 1:53am
Thanks all FF members. My question is that can we include other pairs also in dashboard. Like i am interested to see commodities in dashboard. Is it possible?
  • #1,318
  • Jun 1, 2016 11:56pm Jun 1, 2016 11:56pm
Happy new month to all and trust the dashboard continues to work for all. Wishing you all much green pips this month.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report - 6012016.gif Size: 10 KB

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #1,319
  • Jun 2, 2016 2:25am Jun 2, 2016 2:25am
Good morning
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Click to Enlarge Name: GJ Trade 1b - 6022016.gif Size: 73 KB
Low Risk Low Stress High Reward High Probability Trades
  • #1,320
  • Jun 2, 2016 3:10am Jun 2, 2016 3:10am
The sniper at work again And I'm done for now with GBP news coming up shortly
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