More simple is impossible | Page 378 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

More easy is impossible 17 replies

long-run profits impossible with short-term trading? 39 replies

Attachments: More simple is impossible
Exit Attachments

More simple is impossible

  • #7,541
  • Aug 1, 2016 6:24pm Aug 1, 2016 6:24pm
Quoting PhilippineFX
When i read newbies ranting on about their latest ea or indie my brain starts to hurt.......the first 5 pages of this thread are the best....just keep re-reading them if you have a shitty day[and your will].....i go back to it often.... 15 years ago when i was trading stocks online[what a nightmare that was]....i was in a trading room with 50 wannabe`s[like myself] and a couple very good traders....the best guy there traded a naked chart...he had 30 years experience, had seen it all and this is what it came down to....i will never forget that guy...wish...
Check out Cat`s thread The Big Secret To Trading Success......the first few pages are gold....just like this thread...
  • #7,542
  • Aug 1, 2016 9:01pm Aug 1, 2016 9:01pm
REcomended TF H4
Not repaint...but false
Please,,,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 57 KB
Click to Enlarge Name: 2.jpg Size: 57 KB
Attached File(s)
File Type: rar Shredder Filter V1.2.2 .rar   9 KB | 351 downloads
  • #7,543
  • Aug 1, 2016 10:19pm Aug 1, 2016 10:19pm
Quoting PhilippineFX
When i read newbies ranting on about their latest ea or indie my brain starts to hurt.......the first 5 pages of this thread are the best....just keep re-reading them if you have a shitty day[and your will].....i go back to it often.... 15 years ago when i was trading stocks online[what a nightmare that was]....i was in a trading room with 50 wannabe`s[like myself] and a couple very good traders....the best guy there traded a naked chart...he had 30 years experience, had seen it all and this is what it came down to....i will never forget that guy...wish...
  • #7,544
  • Aug 2, 2016 2:15am Aug 2, 2016 2:15am
Quoting PhilippineFX
When i read newbies ranting on about their latest ea or indie my brain starts to hurt.......the first 5 pages of this thread are the best....just keep re-reading them if you have a shitty day[and your will].....i go back to it often.... 15 years ago when i was trading stocks online[what a nightmare that was]....i was in a trading room with 50 wannabe`s[like myself] and a couple very good traders....the best guy there traded a naked chart...he had 30 years experience, had seen it all and this is what it came down to....i will never forget that guy...wish...
  • #7,545
  • Aug 2, 2016 4:43am Aug 2, 2016 4:43am
Quoting loveguitar
REcomended TF H4 Not repaint...but false Please,,, {image} {image} {file}
It would be great to have signals on H4 and then follow it with a corresponding signal on the LTF Renko chart, but it appears your indicator is password protected.
Let it turn and find your entry.
  • #7,546
  • Aug 2, 2016 5:07am Aug 2, 2016 5:07am
Quoting loveguitar
REcomended TF H4 Not repaint...but false Please,,, {image} {image} {file}
RAR file is password encrypted
  • #7,547
  • Aug 3, 2016 5:33am Aug 3, 2016 5:33am
USD/CHF
Attached Image (click to enlarge)
Click to Enlarge Name: false.png Size: 92 KB
  • #7,548
  • Aug 3, 2016 9:03am Aug 3, 2016 9:03am
update usd/CHF

pass: ojohtakon
Attached Image (click to enlarge)
Click to Enlarge Name: fal.png Size: 97 KB
Attached File(s)
File Type: rar Shredder Filter V1.2.2 .rar   9 KB | 380 downloads
  • #7,549
  • Aug 3, 2016 11:00am Aug 3, 2016 11:00am
Quoting loveguitar
update usd/CHF pass: ojohtakon {image} {file}
No thanks, I can see 2 failed signals in your screenshot and I can bet you going forward those failed signals will disappear.
Let it turn and find your entry.
  • #7,550
  • Aug 3, 2016 12:23pm Aug 3, 2016 12:23pm
Quoting Intrepidpips
{quote} No thanks, I can see 2 failed signals in your screenshot and I can bet you going forward those failed signals will disappear.
Just for fun, I loaded it into a tester to see what happens. It does not seem to repaint the signals, but it does give out false ones...He did warn about it above.
So one would have to filter out good from the bad signals... Its not a bad tool, but I find it rather unnecessary. You can find potential reversal/continuation points yourself...and then do the filtering to determine if its a likely point or not. This just add an arrow.... and at some reversal points it does not add anything...
But hey, Loveguitar is clearly using it to his advantage, combining it with other tools and making it work for him. I am guessing from the screen above that he didn't take the first buy as RSI was bellow 30. Combine with S/R and you have a solid strategy. Just not sure you need renkos in it.
So, thanks for sharing the tool Loveguitar.
Best, Josh
  • #7,551
  • Aug 3, 2016 12:56pm Aug 3, 2016 12:56pm
I don't have much experience in trading, so I am looking for good methods and strategies. subscribe to your thread
  • #7,552
  • Aug 3, 2016 1:49pm Aug 3, 2016 1:49pm
Quoting JoshuaHope
{quote} Just for fun, I loaded it into a tester to see what happens. It does not seem to repaint the signals, but it does give out false ones...He did warn about it above. So one would have to filter out good from the bad signals... Its not a bad tool, but I find it rather unnecessary. You can find potential reversal/continuation points yourself...and then do the filtering to determine if its a likely point or not. This just add an arrow.... and at some reversal points it does not add anything... But hey, Loveguitar is clearly using it to his advantage,...
Kudos to you for doing the dirty work.
I looked again and I saw that he doubled down on his loosing position before the 3rd signal came and he took the buy @18:01:06.
There was about 18 hours interval between his first buy and second buy orders, price was going south when the third arrow appeared. If he had taken the 1st arrow signal, he'd be in deep shit.
The thing with arrow signal indicators are you don't get to know what principle the coders use to obtain their signals, but if it does not repaint, you can place it on a HFT and trade it from a LTF with filters.
Let it turn and find your entry.
  • #7,553
  • Aug 3, 2016 3:12pm Aug 3, 2016 3:12pm
Quoting Intrepidpips
{quote} Kudos to you for doing the dirty work. I looked again and I saw that he doubled down on his loosing position before the 3rd signal came and he took the buy @18:01:06. There was about 18 hours interval between his first buy and second buy orders, price was going south when the third arrow appeared. If he had taken the 1st arrow signal, he'd be in deep shit. The thing with arrow signal indicators are you don't get to know what principle the coders use to obtain their signals, but if it does not repaint, you can place it on a HFT and trade...
I am not sure if there is any advantage to it, as a fair amount of analysis/filtering is needed to validate the signal...makes the signal kinda superfluous.
A good quick way to determine if something repaints or not, that I use is this. Make a template with the indicators and save it. Then load strategy tester in your mt4 using any ea with visual. Once it starts moving, I load the template and let it run for a little while. Then I pause, take a picture, then re-load the template again and take another picture. Now compare the two and you see whats up.
I am sure if one was to look at the source code, you would find something rather simple - crossover of some type - adx,ma, macd...etc. Nothing more.
I don't see why go through all that when you could arguably, get a much "clearer"/ accurate signal from a 10 pip renko chart...or just 4h itself with MACD/SR/pivot etc..
Then, go hunt for an entry on LTF, as you have suggested. Again, please note the sheer awesomeness of Davits Pivots.
Best, Josh
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCHF.png Size: 80 KB
Click to Enlarge Name: USDCHF2.png Size: 60 KB
  • #7,554
  • Aug 4, 2016 1:30am Aug 4, 2016 1:30am
Quoting JoshuaHope
{quote} I am not sure if there is any advantage to it, as a fair amount of analysis/filtering is needed to validate the signal...makes the signal kinda superfluous. A good quick way to determine if something repaints or not, that I use is this. Make a template with the indicators and save it. Then load strategy tester in your mt4 using any ea with visual. Once it starts moving, I load the template and let it run for a little while. Then I pause, take a picture, then re-load the template again and take another picture. Now compare the two and you...
So right no obvious advantage, Davit's Pivots is similar to the one I use, they plot exact same levels which are respected (based on fib extensions/retracements), but you have to keep adjusting the date on Davit's pivots.
The Fib Pivot's done for you no daily alterations.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 238.png Size: 67 KB
Click to Enlarge Name: RENKO 239.png Size: 78 KB
Let it turn and find your entry.
  • #7,555
  • Aug 4, 2016 4:28am Aug 4, 2016 4:28am
Quoting Intrepidpips
{quote} So right no obvious advantage, Davit's Pivots is similar to the one I use, they plot exact same levels which are respected (based on fib extensions/retracements), but you have to keep adjusting the date on Davit's pivots. The Fib Pivot's done for you no daily alterations. {image} {image}
  • #7,556
  • Aug 4, 2016 7:56am Aug 4, 2016 7:56am
Quoting JoshuaHope
{quote}
Do you have a set file that automatically updates the date for the Davit's Pivots?
Let it turn and find your entry.
  • #7,557
  • Aug 4, 2016 9:12am Aug 4, 2016 9:12am
Quoting Intrepidpips
{quote} Do you have a set file that automatically updates the date for the Davit's Pivots?
As far as I have noticed, Davits pivots update at weeks start automatically. I have not adjusted mine in any way.
  • #7,558
  • Aug 4, 2016 9:28am Aug 4, 2016 9:28am
Quoting JoshuaHope
{quote} As far as I have noticed, Davits pivots update at weeks start automatically. I have not adjusted mine in any way.
That's what he said, and I noticed that the Pivot (Blue line) remains same thru the trading week then the pivots become weekly levels for targets, when I update it daily I get the same levels as my Fib Pivots.
Let it turn and find your entry.
  • #7,559
  • Aug 5, 2016 2:30am Aug 5, 2016 2:30am
Dax30....+4 -5 +1 +14 +7
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
  • #7,560
  • Edited 3:49am Aug 5, 2016 3:07am | Edited 3:49am
Quoting PhilippineFX
Dax30....+4 -5 +1 +14 +7 {image}
I should probably have moved down to the 3 pip as well today. There is so little action. Congrats on making pips from this.
Best, Josh
P.S. I am hoping for a 123 within a 123 entry here...lets see if it happens....regardless, i have gotten rather good at keeping myself safe, but can get frustrating.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GER30.png Size: 117 KB
Click to Enlarge Name: gerstats.PNG Size: 49 KB
4 traders viewing now