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  • #281
  • Nov 23, 2016 12:19pm Nov 23, 2016 12:19pm
Quoting Nelson35a
{quote} They seem to be OK but I'll try setting the MA cross alert with the settings below for the 34/55 EMAs. When I get a cross signal just need to check that the lights in the signal bar match, i.e they have changed colour. Anybody else spot any funny behaviour with Signal bar lights please let us know? {image}
Just checked a few pairs and I'm confident that the top lights do work on the lower TFs.

Thanks for pointing that out Nelson. It's strange that the top row works but not the bottom.
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  • #282
  • Nov 23, 2016 12:31pm Nov 23, 2016 12:31pm
Quoting wizlon32
{quote} Theyre not really miles apart. It would take you about 1 minute to replicate my current chart template. I am not going to upload any more templates for the time being. The reason is that as you have pointed out, things are evolving and they may well evolve further. Here's what I would do if I were you. Use one of the RSI Dash On Chart templates that are already on the thread. Delete all the MAs and then add the 34 and 55 EMA. Then add the Signal Bar Indicator and apply the settings that I have already described depending on what TF you want...
Not so simple to recreate in 1 min, 30 minutes later I have most things, how do I get the over under bar indicator that one is alluding me.
  • #283
  • Nov 23, 2016 12:49pm Nov 23, 2016 12:49pm
Quoting wizlon32
{quote} Just checked a few pairs and I'm confident that the top lights do work on the lower TFs. Thanks for pointing that out Nelson. It's strange that the top row works but not the bottom.
You're welcome Wizlon. Shame we haven't got the mt4 file as am sure someone on here could make the required changes. Will keep an eye out for 34/55 EMA crosses on the M30 and H1 and make sure the lights change as per the cross.
  • #284
  • Nov 23, 2016 12:58pm Nov 23, 2016 12:58pm
Quoting Ipodbob
{quote} Not so simple to recreate in 1 min, 30 minutes later I have most things, how do I get the over under bar indicator that one is alluding me.
Its not that I don't want to help you - I do but I have uploaded so many templates already that more will cause even more confusion.

The over /under bar iis called RSI Custom. It was posted by jcat I think.
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  • #285
  • Nov 23, 2016 12:59pm Nov 23, 2016 12:59pm
Quoting Nelson35a
{quote} You're welcome Wizlon. Shame we haven't got the mt4 file as am sure someone on here could make the required changes. Will keep an eye out for 34/55 EMA crosses on the M30 and H1 and make sure the lights change as per the cross.
I have asked FerruFX if he can help.I am willing to pay him of course. Just have to wait to see what he says.
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  • #286
  • Nov 23, 2016 4:56pm Nov 23, 2016 4:56pm
Very good thread wizlon32, good and clear explanations. I subscribed with your permission!

Regards.
“Stops don’t limit profits — they prevent disasters.”
  • #287
  • Nov 23, 2016 6:55pm Nov 23, 2016 6:55pm
Quoting jcat
{quote} RSi candles, they do they same thing, and might be easier than the bars even. {file}
Love the Rsi Candles. Life if getting sooo easy!
  • #288
  • Nov 23, 2016 9:33pm Nov 23, 2016 9:33pm
Quoting dforant1
{quote} Love the Rsi Candles. Life if getting sooo easy!
Agreed. Not a bad alternative to the RSI Custom Bar if you dont like volume candles.

UJ H1. Blue arrows show some possible entries.

Also found the MA Indi (top right) in my files.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 37 KB


Attached File(s)
File Type: ex4 MTF MA Multi Pair Dashboard.ex4   68 KB | 496 downloads
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  • #289
  • Nov 23, 2016 9:34pm Nov 23, 2016 9:34pm
Quoting Dagaco
Very good thread wizlon32, good and clear explanations. I subscribed with your permission! Regards.
You are very much welcome Dagaco
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  • #290
  • Nov 24, 2016 2:29am Nov 24, 2016 2:29am
Hey Wiz,

Thanks for your system I'm a high volume scalper too, I've mixed up your method with mine and I love it

I trade the M1 in bias with M5, I use EMA 20 on M1 and here goes some of today's trades, done for the day.

Plz ignore my other indicators.

Good luck all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 56 KB
Click to Enlarge Name: Screenshot_2.png Size: 53 KB
Click to Enlarge Name: Screenshot_3.png Size: 55 KB
  • #291
  • Nov 24, 2016 3:27am Nov 24, 2016 3:27am
Quoting DreamwalkeR
Hey Wiz, Thanks for your system I'm a high volume scalper too, I've mixed up your method with mine and I love it I trade the M1 in bias with M5, I use EMA 20 on M1 and here goes some of today's trades, done for the day. Plz ignore my other indicators. Good luck all. {image} {image} {image}
Good Stuff DreamwalkeR.

Obviously your template works for you but I'm curious about the fact that you have the MAs and the Kumo overlapping. Don't they basically give you the same information or do you get something unique from each?
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  • #292
  • Nov 24, 2016 3:58am Nov 24, 2016 3:58am
Now here is a little idea that might seem a bit wacky to some of you but I find it interesting so I am going to share it anyway. If it is not for you then simply ignore it.

These 2 charts are both EURGBP. The one on the right is M5. The one on the left is a 15 second chart. The numbers 1 and 2 show you the same points on each TF. There may be better examples, this was just the 1st pair that I chose to use.

You can see that S15 moves and acts in exactly exactly the same way as M5. And every other TF for that matter.

So here is the idea......

When you think that you have the ideal setup on M5 or M1, you could take the trade according to the S15 TF using the exact same rules as you would on any other TF. You might find S10 or S20 more to your liking or even S30. You can produce any non-standard TF that you want.

I am trying to check out whether this provides any advantage regarding volume and determining if the majority is coming in at the highs or the lows within individual candles.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 55 KB


Details of how to get non standard TF's can be found at the link below if you are interested. If you are then watch the video that is provided there. I think it couldbe a scalper's dream.

http://www.forexfactory.com/showthre...&highlight=ovo
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  • #293
  • Nov 24, 2016 4:26am Nov 24, 2016 4:26am
Quoting wizlon32
{quote} Good Stuff DreamwalkeR. Obviously your template works for you but I'm curious about the fact that you have the MAs and the Kumo overlapping. Don't they basically give you the same information or do you get something unique from each?
A short answer; yes they do, but I keep it for two reasons: 1) Dynamic support/resistance. 2) Visual comfort

A long answer; you see both of our methods share the same concept with a different indicators. I as well trade pullbacks using Kumo, two stochs (one of them is a MTF), and the 21 RSI.

Kumo acts as your EMAs, the two Stochs as your two RSIs, and the 21 RSI for pullbacks at level 50 in confluence with the LTF Stoch. This is why I liked your system as it's so similar to mine, adding it all on chart makes me more confident as I trade big lots aiming for 10 pips or more. Having said that, I'm sure I'll remove the duplication over time.
  • #294
  • Nov 24, 2016 12:59pm Nov 24, 2016 12:59pm
Keeping an eye on the higher time frame trend direction is a good thing. The aim of doing so is to try to ensure that you are trading in the same direction as big money players, or smart money. The way we do that with this system is either by adding some HTF MAs to your chart or by using the little lights indicator which allows us to see the position of our chosen MAs on 2 higher timeframes (or more but more may cause confusion). Currently I am using the 34 and 55 EMAs.

Now within all trends you are going to get pullbacks and that is the time that you ideally want to get in. Our template also allows us to see at a glance what is going on in terms of pullbacks to a degree i.e the RSI Dash.

Another way to identify pullbacks is to use a combination of faster MAs, as I did with the 10 EMA combination or the 10EMA and 30 LWMAs. A fast MA combination doesn't only let you see pullbacks, it lets you see whether price is actually moving with the direction of the slower MAs (the direction you want to trade) which is again really important.

I would like to be able to see a faster MA combination along side my HTF 34 and 55 EMA Lights so I am simply going to add the same indicator with faster MA settings applied.

As we have already looked at this combination I am going to use the 10 EMA and 30 LWMA. I am not going to have those moving averages on my chart though as I think they can make it difficult to enter at times. I am only interested in them on the higher time frames.

So yes my template is evolving again very slightly but in doing so I am kind of coming back in line with how the template began, with fast and slow moving averages combinations being used in conjunction with each other to get a better look at the bigger picture, but still with less clutter and confusion.

GBPUSD M15. I would have been looking to trade long.

The vertical lines show 2 posible entries. If both had been taken about 100 pips could have been made.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 55 KB
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  • #295
  • Nov 24, 2016 1:33pm Nov 24, 2016 1:33pm
My take is looking at more indi's only made me more weary trading 8 hours a day. Besides no indi is actually current or futuristic reading. Price is the Holy Grail. Indi's are fine for micro managers. They can see past repetitious movements and use em for present situations. I tried the RSI candles and several other indi's and aside from a few moving averages nothing really improves my pip take per month. Maybe swing trading. I jumped on your bandwagon because it mimics what I have been doing for a year like your 1st page templates. You could lock up this system now because you'd have a consistent flow of new traders appreciating the work you've done here. Because it flat out works. But much more gobblygook and it will slide down the Forex Forum's Systems section. After trading 7 years now I've seen many a good system go the way of the railroad.

Happy Thanksgiving.
  • #296
  • Nov 24, 2016 1:43pm Nov 24, 2016 1:43pm
Quoting dforant1
My take is looking at more indi's only made me more weary trading 8 hours a day.
If price alone is the holy grail then why are we not all rich? If you are bored with my gobblygook then don't read it. Personally I have only been trading about 20 months and this gobblgook has helped to dramatically improve my pip take.
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  • #297
  • Nov 24, 2016 2:08pm Nov 24, 2016 2:08pm
Thank you for sharing this system with us, I would like to ask if you look to H1 chart when you tread 5M or you use only M5.
I mean that the templates that you shared we use them if we look to long time treads then we look to H1 and when we want to scalping then you use 5M only?
  • #298
  • Nov 24, 2016 2:23pm Nov 24, 2016 2:23pm
Quoting wizlon32
Keeping an eye on the higher time frame trend direction is a good thing. The aim of doing so is to try to ensure that you are trading in the same direction as big money players, or smart money.
Hi Wizlon,

Don't know if you've seen these mini charts but I find them quite useful in terms of checking where price is in relation to MAs on higher time frames. I have just one of these windows open in my profile along with the other charts and just drag any pair on to the chart to do a quick check. In the main window the MAs are 34 EMA (green) 55 EMA (blue) and 200 EMA (red dotted). In the mini charts the MAs are 10 EMA (white) and 30 LWMA (magenta). I have attached the indy in case anyone finds in useful. The mini charts are capable of displaying all kinds of other indies too (if required) although only the MAs are used in my screen shot.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY-M15.png Size: 64 KB


Attached File(s)
File Type: ex4 pipware-charts.ex4   71 KB | 276 downloads
  • #299
  • Nov 24, 2016 2:36pm Nov 24, 2016 2:36pm
Quoting htawfik
Thank you for sharing this system with us, I would like to ask if you look to H1 chart when you tread 5M or you use only M5. I mean that the templates that you shared we use them if we look to long time treads then we look to H1 and when we want to scalping then you use 5M only?
The template is designed so that you do not have to look at the higher time frames. That is the whole point of using the HTF MAs and MA lights. I do like to keep one eye on a couple of higher time frames though in case specific candle patterns appear that may cause me concern.
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  • #300
  • Nov 24, 2016 2:42pm Nov 24, 2016 2:42pm
Quoting Nelson35a
{quote} Hi Wizlon, Don't know if you've seen these mini charts but I find them quite useful in terms of checking where price is in relation to MAs on higher time frames. I have just one of these windows open in my profile along with the other charts and just drag any pair on to the chart to do a quick check. In the main window the MAs are 34 EMA (green) 55 EMA (blue) and 200 EMA (red dotted). In the mini charts the MAs are 10 EMA (white) and 30 LWMA (magenta). I have attached the indy in case anyone finds in useful. The mini charts are capable of...
That is quite anice little indicator. Especially as you can apply indicators to the mini charts.

I think the danger though is you might for example be trying to trade the M5 and you will be getting conflicting information from other TFs on the mini charts which could scare you from getting in to a trade. I think there is probably too much information to alalyse.

Thats just my opinion though. Thanks for sharing Nelson.
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