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  • #21
  • Edited 11:28am May 28, 2017 11:13am | Edited 11:28am
Quoting manuoz
Thanks a lot Quants, all works perfectly now and will so be able to study and test your system
Its not a system but techincal indicators that maybe a system can created.

I like using indicators and see lots of benefit from them..
Because i don't believe there is a strategy that can't be automated or coded..
Learning how to do that is painful process. To make an EA Trade exactly.

Actually anything you want to see can be coded in to indicator. They are just make your trading easier.

There was trading made simple thread and TDI Indicator.
TDI BAR will help you to see that indicator simpler and easier..
TDI Ultimate might shared later as i want to do it step by step..

RSI ULTIMATE MA On tick charts looks very good , I did create tick charts with MATHTRADER's EA.

I can say there is hundreds of ideas can make profit but they are all hard to find.. Without backtesting or researching its not possible to know what you are doing unless you are experienced enough..

More than a sharing a system with giving exact tp and sl , I share indicators.

Because if i can honestly tell you that there will be not a system consistently works with simple rules for very long term with fixed TP and SL..
Market changes , So Indicators..

There are some ideas , approaches will shared here..

Later to help on testing your ideas EA and Dashboard can developed based on this indicators but Step by step..
Logical or unlogical we will see what people can share based on theese..

Make analysis live time.. We will see how it will end up

At the end You need 1 idea working inside of 1000 useles one.
Take it easy.
  • #22
  • May 28, 2017 11:28am May 28, 2017 11:28am
Updated Template On first post , With all indicators in zip file.
Take it easy.
  • #23
  • May 28, 2017 11:32am May 28, 2017 11:32am
that is exactly what i was working on, trying to use your indis and seeing what can be the benefit adding them
thanks
  • #24
  • May 28, 2017 4:34pm May 28, 2017 4:34pm
I will follow GU and EU This week with few Different Periods.
Lets see what gonna happen

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Take it easy.
  • #25
  • May 29, 2017 12:01am May 29, 2017 12:01am
Interesting One..
Now imagine If you are driving a car and planning to go your work but on the way you see that you forgot your phone at home..
First you will decrease your speed , Then slowly you change your direction and you will start to speed up right opposite way to go back home...

Now take this example and apply that to chart..

TDI Was going to work (UP) And it was strong.. But now , Its slowly from Strong UP Bias , Changed to weak short..
Main RSI Ultimate Trend Down .. So can be this an opportunity to catch train for down move ? We will see.

In case you will ask for the template and SR Indi I added them below of this post.

Here i just removed orange and blue colours from DAVG For more clearer view as i think only Green and Red bars of DAVG are indicating good.
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Attached File(s)
File Type: tpl TDI Example.tpl   6 KB | 455 downloads
File Type: ex4 SR_MTF_Eli.ex4   17 KB | 513 downloads
Take it easy.
  • #26
  • May 29, 2017 5:12am May 29, 2017 5:12am
Dear Quants,

Thank you very much indeed for your explanations. Could you please let me know what are the differences between two TDI histograms on your chart?

Regards
  • #27
  • May 29, 2017 6:15am May 29, 2017 6:15am
Quoting Ssbrf
Dear Quants, Thank you very much indeed for your explanations. Could you please let me know what are the differences between two TDI histograms on your chart? Regards
Hello SSBRF I just put the second histogram to show how the colours are work with TDI Indicator..
You can put many histograms in to chart with different periods , I see the accuracy on big periods.
Take it easy.
  • #28
  • Edited 9:50am May 29, 2017 8:43am | Edited 9:50am
Lets get Things in to shape little bit with this indicators..
The the idea of taken trade was shared here (https://www.forexfactory.com/showthread.php?p=9917353#post9917353)

Currently in action for GBPUSD And i think that was a nice entry for short on Pullback
Entry Date: 29.05.2017 , Pair GU , Price : 1.28366


Lets see whether this GU Sell trade , Goes in to direction as expected. In history it was looking GOOD.
Indicators : WAVG , RSIULTIMATE Default periods (Later I will explain why WAVG is useful and you should look always to it)

A little Text for Dream chasers:
REMEMBER ! : This trade taken for testing purposes. There is not any Stop loss or Take profit targets.
As you can't set Random fixed tp and sl for your trades without any statistics...
(READ This many as possible untill you understand what i am trying to say here)

We will move to that step soon , How to manage the signals , how to learn where we should set stop loss and take profit targets.

Whether we need an exit signal , So on.. The development of systems are much more complicated than you see.. There are lots of systems but none of them trading the all signal and there is allways subjectivity. We need to make it robust and mechanic as possible to get protected from randomness.. Currently, no one knows where we should exit from this trade.. Included ME... Thats why research is the key to know your system and feel safe with it.

Mistakes that done by traders :
- Trading always with the same lot size for the different random targets like ,
- I did open 0.25 Lot but why ? How you can set a lot size if you don't know how much you are going to make or lose per trade.
- Mechanical entry but stop loss just random : like 20 pip tp 20 pip sl ? Doesn't make sense.
- There always will patterns in the market. Lets analyze and find how we can manage them.


Step by step , That is long journey..

There are a lot of systems shared on FF , People are too easy getting in to it when someone says take this signal for 40 pip tp 40 pip SL and you just wasting time and following it for the days.. Do you really think a billion $ market can be beaten just RANDOM GUESSED TAKE PROFIT AND STOP LOSS TARGETS ?

Well friend let me tell you that maybe i break your fancy dreams but .... , You can't..

But you can beat the market if you spot the trends. As james simons say , Markets have tendency to trending. We need to spot them. Trending doesn't mean only direction but it allso mean it have different trends for the take profit and stop loss targets.

Lets see where we will go and lets see what we can learn from this trade.

by the way ... Latest Signal idea was for GU Was ... Long.
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Take it easy.
  • #29
  • Edited 11:06am May 29, 2017 9:20am | Edited 11:06am
NO PAIN , NO GAIN !!


We did finished the DAVG Ultimate but it will be shared only for the people who sends atleast 2 example trades with the IDEA I shared Above.. Or his own trading idea with this indicators..

Doesn't matter whether it lose or Win. Share what you see , Keep logging if you have something promissing.

So far , We hit 200+ Downloads after first day..
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Take it easy.
  • #30
  • May 29, 2017 10:31am May 29, 2017 10:31am
Quoting Quants
Lets get Things in to shape little bit with this indicators.. The the idea of taken trade was shared here (https://www.forexfactory.com/showthread.php?p=9917353#post9917353) Currently in action for GBPUSD And i think that was a nice entry for short on Pullback Entry Date: 29.05.2017 , Pair GU , Price : 1.28366 Lets see whether this GU Sell trade , Goes in to direction as expected. In history it was looking GOOD. Indicators : WAVG , RSIULTIMATE Default periods (Later I will explain why WAVG is useful and you should look always to it) A...
Hi mate, I have had a look at your indicators and they are just another way of looking at the standard ones, with regard to the trade you call, you would have better odds, if you only traded when the WAVG is red or orange and take the pullback, on your example it is blue which is bullish right?

Just a little confused, maybe the colours!

Good luck with your thread
  • #31
  • Edited 12:01pm May 29, 2017 10:33am | Edited 12:01pm
Quoting josh11
{quote} Hi mate, I have had a look at your indicators and they are just another way of looking at the standard ones, with regard to the trade you call, you would have better odds, if you only traded when the WAVG is red or orange and take the pullback, on your example it is blue which is bullish right? Just a little confused, maybe the colours! Good luck with your thread

Hello Thanks and welcome !!
After Wavg giving good direction with Red or Green we are waiting first RSI Ultimate pullback and opening entry..
So RSI Ultimate histogram should be opposite of the WAVG.

So if we sum up the idea :
We wait for first WAVG Color change from red to green or green to red.
Then we are waiting RSI Ultimate going against to WAVG.

Trade should opened SAME as the dir of WAVG. Looks promising in history.
The thing is
that was just the simple idea that i come up with , All the ideas are accepted here..

And yes the main purpose was the simplify the few indicators like RSI and TDI Common

But DAVG WAVG , Davg ultimate.. RSI Ultimate can be considered out of it.. As they have my own vision in it..
I have few more Ultimates but its just step by step.. ))

And the problem is there are not any useful information how to use this Common indicators with full robust aproach.
Lack of knowledge and since years people wasting time with them to look holy grail there and there and some other dream selling threads..
Yet , Only few of few people succesful. And i wonder why ? Maybe..

Its all about "Just a different view" .. Maybe thats the missing part inside of commonality.

Just some different way to look charts..

I did like the DAVG Ultimate a lot , 2 Trade examples with this indicators Get the indicator sounds like a nice offer.

By the way , Yes taking just the DAVG , WAVG Directions are look good too..
Take it easy.
  • #32
  • May 29, 2017 11:28am May 29, 2017 11:28am
Hello, I trade PA on naked chart and mainly reversals and momentum pullbacks. I found that the WAVG and RSI Ultimate can be used to pinpoint the pullback entries. Here are the two examples, in the first chart the pullback signal was perfect with just 10 pips SL ( according to my SL management) above the box or fractal. I use fib extension as my targets so here the first target would be 61.8 FE with a very good RR.

The second chart is not a very clean one SL placement wise, but that's a good example of a pullback trade. The target is same as the first chart.
One thing I'd like to mention is I don't trade off H1. I trade on M1 and lower with super tight stops ( 3-5 pips max) and look for high rewards. So for these trades after I get a signal on H1 I'd drill down to M1 or tick charts and look for entries.
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  • #33
  • Edited 11:48am May 29, 2017 11:33am | Edited 11:48am
Quoting Baymax07
Hello, I trade PA on naked chart and mainly reversals and momentum pullbacks. I found that the WAVG and RSI Ultimate can be used to pinpoint the pullback image} {image}
I can say I am Impressed , You are in the list ! . Welcome.

Its not only H1 , I like m15 View.

I like the idea of lowest charts.. I really suggest you to put them on tick chart But as i said its just step by step lets get some movement first , Then we will find benefits of this indicators.

The rule of stop loss finding is looking back AT trade examples and finding reliable approach then testing it forward.
It have to make sense..
Hiding stop loss behind the fractal is logical. And i dont have any problem to do that.. However if you have SL , You can just multiply that distance for your take profit..

Lets see.. More trades , More examples and we will see how to do with these indicators.
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Take it easy.
  • #34
  • May 29, 2017 12:15pm May 29, 2017 12:15pm
Pullback entry on M15 with DAVG period 1 , still running

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  • #35
  • May 29, 2017 12:20pm May 29, 2017 12:20pm
it was risky, i should have wait first for some RSI ultimate green bars and then i wait for pullback, in that case there would have been less probabilities being in shop or ranging zone.
  • #36
  • Edited 1:29pm May 29, 2017 12:37pm | Edited 1:29pm
Quoting manuoz
Pullback entry on M15 with DAVG period 1 , still running {image}
Nice Catch Manuoz !! Good entry at the pullback and it seems it went in to profit quickly..

1- Get idea
2- Find statistics
3- Apply

For now when we looked back in to history we only found one pattern , Behavior of this pattern is question mark..
It seems its predictive but for how long , Maybe we can build exit signal.. But congratz your entry looks well and logical !!

NOW LETS MAKE SOME MORE TALKING...
I know all the people trying to learn here , So i am trying to do something with my limited abilities..
The problem you will find 1000 gurus that will tell you common forex words
Cut your loose short , Let winners run
Entry on pullback
sell high , buy low
do not over leverage
so on...
But the problem is no one telling you how to identify a pullback or what kind of formulas you need to manage your money..
Nothing there is just a whisper from ear to ear and not knowers teach to others...
We are not proving our skills here , We are trying talk about useful stuff to learn and as i said , Nothing guaranteed. Your hard work will pay back only...

The main idea of the simple strategy that i gave
The theory says.. IF WEEKLY AVG Move is UP and you have something against to that trend (RSI ULTIMATE) , WAVG Will stronger and price will go back to the MAIN trend..
If someone thinks i am wrong , Then prove it.. So you can spot the trade reversals.. And trade agains this rule...
But the problem is no one likes to take pain to achieve , they just kindly want it. Thats why dream sellers have good meal from it.. Now..

No matter how many common tools or 10000 Indicators out there , You can give spaceship to someone and he will use it to go market if he doesnt know what it is...
So maybe its all about thinking and trying to understand what really market does... Step by step , No rush we are here for a while.

Manuoz and baymax07 will get their DAVG Ultimate
Lets see who else will join with his analysis.
Take it easy.
  • #37
  • Edited 2:31pm May 29, 2017 2:21pm | Edited 2:31pm
Quoting manuoz
Pullback entry on M15 with DAVG period 1 , still running {image}
BTW Manuoz what is your brokers timezone ?
I use GMT+2 With timeshift its currently at GMT+3
Take it easy.
  • #38
  • May 29, 2017 2:43pm May 29, 2017 2:43pm
My local french hour is GMT+2 and my pepperstone broker is GMT+1

I am working for now with your indis on an alert arrow, using also EMAs, will post it when done
  • #39
  • May 29, 2017 4:14pm May 29, 2017 4:14pm
Quoting Quants
{quote} Nice Catch Manuoz !! Good entry at the pullback and it seems it went in to profit quickly.. 1- Get idea 2- Find statistics 3- Apply For now when we looked back in to history we only found one pattern , Behavior of this pattern is question mark.. It seems its predictive but for how long , Maybe we can build exit signal.. But congratz your entry looks well and logical !! NOW LETS MAKE SOME MORE TALKING... I know all the people trying to learn here , So i am trying to do something with my limited abilities.. The problem you will find 1000 gurus...
HI Quants,
YOu seem like a clever man - but there are so many things yo mention - so many indicators, lines etc, I get confused. Can you please put neatly which indicators to use .
  • #40
  • May 29, 2017 5:16pm May 29, 2017 5:16pm
Quoting shimmering
{quote} HI Quants, YOu seem like a clever man - but there are so many things yo mention - so many indicators, lines etc, I get confused. Can you please put neatly which indicators to use .
Ok lets see , I will post a video tomorrow.
- You can use all indicators.
i wanted to share several good indicators to make them user friendly and i just feeding with information how they can be used..

Instead of giving an ea i wanted to discuss how one EA Should be..
Instead of giving an system i wanted to explain how systems should be created..

That is the only way you can built your own trading approach and learning to create own systems
Take it easy.
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