Now lets try again using the BB (Bollinger bands) >>>
The BB pass nicely thro the point labelled T in the previous post.
But our chart is very cluttered with lines and this is no good.
[B]Lets improve…[/B]
[B]Improvement[/B] >>>
We are still a bit raw at this so I propose several exit points.
Which do you like? 
why you give wrong MMACD at the begining ? what was the point ?
Now lets do a full improvement by now adding the new indicator…the [B]MMACDnew[/B] >>>
Wow!!
What a difference - a much earlier entry giving us the previous candle to enter on with a much better price.
In order to prevent cluttering my charts, I have done all the calculations for you. 
The difference between the 2 entries is 11 pips.
[B]That is the new entry is 11 pips better off!! [/B]
Now I have chosen the exit where the wick of the yellow candle touches the BB.
The difference between the [B][U]new entry [/U]and this point (exit[/B]) is 34 pips profit (+34)
[B]So in contrast to our previous effort in which we made a [U]loss [/U]of 22 pips, we now make a [U]profit [/U]of 34 pips[/B].
[B]Further, we do this in approximately half the time!![/B]
[B]Remember this chart? [/B] >>>
[B]The trade here resulted in a loss of 161 pips (-161 pips). [/B]
[B]Lets apply the medicine >>>[/B]
Again, we propose several exit points.
why you give us wrong MMACD at the begining ? what was the point ? you figure out that your system need changes because is not so good like it should be ?
to tickle your brain
As this is a learning thread ( and should not be traded until complete ) Tymen is teaching how and why these settings are achieved
Now for the final kill >>>
The old MMACD and the MMACDnew are shown.
The MMACDnew gives us an entry advantage of 5 pips.
I propose 2 exits - one is conservative (E1) while the other is a great exit done by a very astute trader (E2).
The difference between the [U]new entry[/U] and E1 is [B]236 pips profit. (+236)[/B]
The difference between the [U]new entry[/U] and E2 is [B]328 pips profit. (+238)[/B]
[B]So in contrast to our previous effort in which we made a [U]loss [/U]of 161 pips, we now make a [B]profit [/B]of at least 236 pips.
Further, we do this in less than half the time!! [/B]
From now on I will use only the MMACDnew.
The rest is obsolete.
Please note, however, that the synchronisation of the MMACD with the GMMA is now no longer exact. 
The GMMA will only now be used to look at the chart to get a picture of the trade - it is a very visual indicator. 
The GMMA will be generally replaced with the BB.
Despite some reader’s protests I have followed this approach because I am teaching how we arrive at these indicators and their values.
It is good to understand this.
The readers here are basically serving an apprenticeship.
If you just had the PDF of the method you would not appreciate the fine points.
The difference is like a carpenter who serves a 3 year apprenticeship and a person who reads a book on carpentry then decides to work on wood.
Who is the better woodworker?
In the same way, who will be the better trader - you readers of this thread or someone who just reads the PDF when it is finished?
[B]There is one more major chart we need to look at.[/B]
the risk of seeming a fool, if I understand:
I have installed 3 EMA and EMA 50 on my chart in pemplacement of Guppy
I have to install the BB in their original settings
I have to replace MMACD the original MACD (12/26/9)
Thank you to illuminate the lantern of a oyster eater:o:D
I like your avatar!!
my understanding is
BB installed on chart
3 ema and 50 ema are MMacd settings
[QUOTE = kockneerebel; 175360] je crois comprendre
BB installée sur la carte
3 EMA EMA et 50 sont les paramètres MMacd [/ QUOTE]
kockneerebel ok thank you very much, I’ll try to change settings MMACD old:D
um problem, I know not chage settings indicator MMACD
HELP!!:eek:
um problem, I can change the settings of the indicator MMACD
HELP!!
until new code is done
go to custom indicators
the macd there can be changed
tymen, I know you are using dealbook. how to save a chart as an image? I cant see such option.
I use SnagIt and Photobucket. There both free and easy to use.