The finest in trend trading

[simonjf77]

[IMG]
How’s this look?

The nifty clock just below the currency info that tells how much time before the current bar/candle ends.

Have you got a file for that nifty clock? I like it:)

[dobro]

Hi

The only stops we use are PCI stops which are to guard against the unforseen. All other entries and exits are trader controlled. At the moment Tymen has not finished so trading this method is not advised as the information is not complete. how often you check your chart would depend on the TF that you are trading.
Happy to help if I can
best regards

I am like a couple of the others here in that computers are more magic than tool. But, could an audible alert be programmed for when the MMACD crosses the “zero” line? For those on the go an email or mobile alert might also be needed.

[RenaLa]

So if i get this right we connect our stop-loss to the blue MMACD-line.

But now when i enter a trade, is there actually a way to connect your stop-loss to the blue MMACD-Line?

MMACD indicator has nothing to do with stop-loss. You may read the forum from beginning. Tymen explained everything in details. This indicator shows when trend starts and when trend ends. MMACD indicacor is trend indicator.

[tymen1]

…
Tymen, do you think the red lines show enough separation to have entered this trade?

This is a wonderful trade, [B]BlackSwan[/B].

[tymen1]

tymen,

I did everything as you said in your post #261

But the indicator now on my list. Can you help?

I am sorry RenaLa. :o

I am not familiar with the operations of MT4.
There is an expert in that field however - he is [B]DodgeV83[/B]

Maybe you could send him a private message.

[tymen1]

Here is a video I madeto show how to add the new indicators to Dealbook.

Absolutely brilliant and masterful work [B]BlackSwan[/B]!!

The trader [B]DodgeV83 [/B]did the same for me in my candlesticks thread.

You are both very clever, and I thank you for this work - many readers on this thread will benefit greatly from it, I am sure!!

[tymen1]

==========

I hope I got it right the first time:

Gee!! :eek: :eek:

EvenBrix is banned but he did post the only MT4 code I see here for now.

I trust the Admin’s wisdom though.
They know a lot more about what is going on than I do.

When you think about it, this forum goes on the internet worldwide.
Even terrorists could be watching and posting.

That is why I always say to posters…

[B]NEVER post live pips.
ALWAYS post demo pips.[/B]

[RenaLa]

Absolutely brilliant and masterful work [B]BlackSwan[/B]!!

The trader [B]DodgeV83 [/B]did the same for me in my candlesticks thread.

You are both very clever, and I thank you for this work - many readers on this thread will benefit greatly from it, I am sure!!

Did he make video?? can anyone give me a link please?

[Master_Tang]

Did he make video?? can anyone give me a link please?

Ooops:p

Mah bad cap!

[tymen1]

…
…
Tymen’s MMACD does not use a signal line. Not sure if we are going to add that later maybe?

I enjoy having bright readers like you on this thread, [B]BlackSwan[/B].

Thank you for being so helpful.

Yes, we certainly are going to add the signal line.

The code gets quite a bit more complex when I do.
Who will be able to code it into MT4 without EvanBrix (banned).

I guess I will have to PM [B]DodgeV83[/B].

[tymen1]

thanks BlackSwan and to all,
…
I would like to change colors for A_Direction indicator.

[U]Do not change[/U] the MMACD indicator from its original blue colour!! :eek:

There will be more colours when I add the signal line in histogram form!!

[hellogoodbye4201]

[U]Do not change[/U] the MMACD indicator from its original blue colour!! :eek:

There will be more colours when I add the signal line in histogram form!!

if you want i can attach the MT4 version. there was nothing wrong with it and my antivirus didnt detect anything

[tymen1]

Yeah, this is getting into some number-crunching and I really want to get it right.

Welcome back here, [B]Merchantprince[/B]!!

Hopefully this material is better for you than the candlesticks thread.

Can anyone confirm for me what the 12, 26, 9 settings in the stock MACD indicator ought be changed to in order to duplicate the MMACD? It seems I have to set all three variables in there to install the indicator

You will not need the 9 (signal) for now.

The others…

long…(30 + 34 + 40 + 45 + 50 + 60)/6 = [B]43.33333[/B]
Use this instead of 26.

Short…(3 + 5 + 8 + 10 + 12 + 15)/6 = [B]8.833333[/B]
Use this instead of 12.

You will then have to convert the equation to a percentage for comparison purposes.

[RenaLa]

Are you reading the whole thread? The big blocky picture with the play button in the middle would be the one.

I’ve asked for DodgeV83’s video. Difficult to understand?

[RenaLa]

[U]Do not change[/U] the MMACD indicator from its original blue colour!! :eek:

There will be more colours when I add the signal line in histogram form!!

Oh, ok Ыщгтвы mysteriously

[tymen1]

Tymen I have a quick question. Say you are looking at a chart and the mmacd crosses up but the gmmas are all bunched up for a no trade situation but then a couple of candles later the gmma’s fan out nicely. Would this be considered a valid entry? or would we simply wait for the next one?

Thanks, John

This is a [U]valid entry[/U] since we expect the blue lines to crossover and expand first, then the red ones follow.

If you entered a trade with the lines clustered and they [U]remained clustered[/U], then it would probably be better to exit the trade and do so at the best possible price you can get.

[Master_Tang]

I’ve asked for DodgeV83’s video. Difficult to understand?

My apologies.

Yeah I got confused too. Too many cross references, between the two threads. Sorry for the trip up:)

Although reading back through it, the text would lead one to believe you were looking for the Black Swan video.

There really wasn’t a definitive question specifying the one Dodge made.

[tymen1]

Hi Guys,

i have an [B]understanding-problem[/B] with the [B]stop-loss[/B].

So if i get this right we connect our stop-loss to the blue MMACD-line.
If it crosses the 0 level while we are in a trade we get a signal to stop that trade.

[U]In Theory it should look like this:[/U]

• MMACD-Line crosses the 0 level [I]and signals look good[/I] so we open a trade.
• We wait and the trade gets some +pips.
• MMACD-Line crosses the 0 level again so we close our trade and take profit/loss.

Am I right so far?

[B]This is absolutely correct so far!! [/B]

The PCI stop loss that you use must be a good distance away from the price action just in case you hit the price action at the wrong time and accidently close the trade.

There is an alternative for you, [B]NForex[/B]

That is to trade with [U]no PCI stop loss at all[/U] and just trust in the robustness of your computer hoping it will not fail.
If it does, you could simply [U]make use of the phone[/U] to close your trade.

[B]The standard stop loss is built in because a trade that is entered must be exited at a loss if the MMACD line crosses back too early.[/B]

[tymen1]

in this example the mmacd crossed up but at that moment the red gmmas were bunched up very tight but then around 8 candles or so later the gmmas fanned out so I am thinking this would be a legitimate trade but only after the gmmas fanned out otherwise they would act as notrade filter?

I would love to hear your opinion for this.
thanks, John

You are absolutely correct in what you say!!

[tymen1]

mayby with ichimoku it would be better system

NO!!

Do not mix systems. :eek: :eek:

Decide which one you want to use.

I believe this method produces a lot more trades.
(but I could be wrong).