MADdash (Moving Average Distance)

same setting dr not change setting

And you`re not going to say I`m lying when I tell you!!! Anyway, just joking :-) I already answered that question in post 1477 above.

Cheers

What post 1477??

Click on Post 1477 and this is what it says,

MA Method is Linear Weighted MA and the Period is 35 MA of high and another 35 MA of low

All time-frame and Symbols??

Hello Mate,
would it be kind enough, if you can list down the indicators what you have used in the attached picture and post the template and indicators here.

Yes

Replied your PM

Hello 919gilead. Same question. Could you kindly share what indi and template you use for those great strategy. Many thanks in advance!

I just got this PM and have been receiving similar PMs in the past and just thought I'll reply here to help others:

 

1. Please go to post 4 and read my explanation of how I use the dashboard (MADdash);
2. Also go to post 1 and the second line refers to Frequently Asked Questions, please visit the link and you will find good posts that will help you;
3. Every trader that wants to be successful will and must have the greatest input into his/her own education and success. T4 read the thread. Look @ past charts, then practice and practice;
4. Finally remember, proper preparation prevents poor performance.

Now to some of the questions:
I have some questions altough I have read 1477, which you are refering us to read
First question:
1. Youre using the Maddash from M1 - H1.
On post 1484 you mentioned that you are using :quote "
MA Method is Linear Weighted MA and the Period is 35 MA of high and another 35 MA of low "
Do you use the linear weighted 35 ma for all time Frames or is the amount of period different to m5, m30 and further?
Also, you are using it with high and low on which time Frame?
Second question:
I live in Germany and wanted to ask do you trade on sessions or everytime you have the Chance looking at the Chart?
I am asking because, I tried to trade at the Frankfurt session or London open. And everytime I enter a trade I am late. Is it better to start
in the asia session`?
3. Third question
Speaking of late trades( lack of experience). Lets assume I would trade in Asia session. You mentioned in a thread, which I found important
but could not understand it fully. Make a lagging indicator into a leading indicator.
Trading the M30 candle on the m1 Chart. The example u posted on thread 1472. Without the confirmation of the Dashboard I think I would have gone Long.
Is there a possibility you can send me further screenshots of yours you have taken in the past, which explains why you went Long or short? I really
want to understand the art of using maddash and reading Charts better.
5. I know that we are trading the strongest currency against the weakest by looking at the Dashboard. But there is more behind it in order to confirm
those numbers.
6. My last question would be. After you have the confirmation do you wait for the alert on the Dashboard in order to trigger?

MY RESPONSE

1. I use the MADdash from M1 to M30 but it is not the determining factor of the trade.
2. Yes at the beginning I used the same MA period and method on all time frames but later realized that did not make sense when I noticed the frequency of late entries as you rightly mentioned. So I used lower periods like 5 EMA, 10 - 15 EMA for higher time frames
3. The session does not matter, it is the setup that determines when I trade. I have made too many mistakes, lost money and stayed in losing trades for several hours to realize that it is better to wait for the right setup before entry. It has saved me from emotional stress and rewarded me too.
4. If you read post 4 as referenced above, you will find my explanation about turning lagging indicator into a leading one - it is simply by waiting for price to pullback behind the reference MA period and if price continues the original trend and the dashboard confirms, then I will enter the trade. Trend continuation is when price is making HHs and HLs for uptrend and LL and LHs for downtrend. I use the M30 candle to identify this trend, and this leads me to the next point.
5. You referred to post 1472 where you mentioned that you would have gone long and will use that chart to explain how I trade:

1. I come into the market around Frankfurt open
2. My favorite pair is the GJ because of its ADR
3. I look left to see what it has been doing
4. I don't care what is happening on the HTF as I trade the "NOW" trend because I am only looking for 25 - 30 pips per day to pay the bills
5. I identify the last high (or low) and do a (M30) candle by candle analysis from that point as shown on the chart above
6. I will therefore not be looking for a long trade because:

1. attempt to go higher failed
2. price broke the lows of the last 2 M30 candles with the recent highest points @ A + B, and
3. the M30 candle closed below my reference 35 LWMA

Please note that you can use any MA, you don't have to use 35. I have used 21 EMA before, used the default setting of 35 SSMA and also used 50, 200 EMA too. It is the setup that matters with or without any indicator(s).

The next most important point to pay attention to in post 4 is this extract

"The dashboard is not a standalone system; it is an entry and trade management tool."

Now refer back again to the same post 1472 and I attach the chart for easy reference

The dashboard shows both currency group as weak when I identified this pair as a possible candidate to short. Why? The setup tells me so. The dashboard does not determine my trade, it is the setup and only use the dashboard for confirmation. This is why it is an entry and trade management tool.

The only way to avoid late entry is to focus on one or two currency pairs and be able to identify the setups and be prepared when the break is taking place.

Thank you and I trust this helps

It was traded by an EA I was testing and the result was a disaster for the last few days.

You wasted -651.40 for testing, you should use demo account. Instead of losing hundreds dollars you should give that money to the poor trader like me.
Give me $50, I can turn it to $100 in 2 days.

youre kidding right? LOL

It was a demo account and it only lost part of the profit it made before. It will be interesting to see you post your result and show how you do it.

by the way,if i could turn 50 in 200 in 2 days just on weekly basis i would never ever meet this site.rolling millions why should i stay on FF
LOL

You should know Mamaril by now and I just told him it was on a demo account. My live account which I trade manually continues to do great.

I did it in demo account.

Good for you

Help me to contact the author of this indicator. This is my last question to the author of MADdash even he didn't reply to me until now, my question: Do you calculate the Moving Average in 'current bar' or 'previous bar'?? (Shift: 0 is current bar and Shift: 1 is previous bar).

His PM is disabled, I can't send PM to him.