Thank you for the breakdown of you chart. I see nothing wrong with what you have. I see a lot of arguments about indicators vs. no indicators I don’t want to get in one of those arguments with any one because I don’t care how you chose to display PA on your chart. If it is working for you great:D. What I am looking at is working for me. I always try to be open minded and take a good look at other ideas.
I think you may have the first steps of defining the logic for an EA for this strat. How would you define a good exit based on what you have on your chart.
Shr1k, it is nice to see someone change their tune. You probably avoided starting a debate that could have turned ugly. A lot of people could learn a lesson from the example you just set. What a great way to start off the new year.
I kind of like the 2period channel and the multi pair indicator on the right. It would be nice to see at a glance what the status is on multiple pairs.
Hi Pro could you please tell me how do you get the stoch bars or where that you have listed in your chart. I can only find an stoch oscilator and not a bar.
Also you say that “The multi-pair indicator to the right gives you the heads up on a line cross and direction of upcoming trades. Just Wait” What do the numbers represent?Thank you so much
This site won’t let me upload the files??
If you do a search on ForexFactory or maybe even baby pips for StochColorBars you should be able to find it, that’s how I did it.
Others that might be of use are the MTF moving avg, Double Stochastics, and StochasticsTrendEntrySignals.
You will have to google the multi-pair-indicator.
It tells you if price has broken a 2ma(setting can be changed), and how many pips it is above or below the ma. Just a heads up alert system me thinks.
Here is my latest H1 chart, See how price is bouncing around inside the 2ma channel?
I think the key to the entire system would be to NEVER trade against the MA color no matter what the stochbars or entryarrows tell you. After you have mastered the basics of PRICE ANALYSIS then you can start to take the first higher low/lower high.
BTW,
The 8ma will allow me to enter the trade after the ma has changed colors but I have not yet gotten an arrow.
Now we are starting to complicate (refine) the system.
And don’t ask me about ea’s, from everything I’ve read they will eventually blow your account.
All I’ve got to do now is find out how to tell when the market is trending/ranging, which is where the adx is going to come into play…
You will also have to play with the settings of the entrysignals indy to get them to match YOUR trading style/time frame, and maybe even the stochcolorbars settings.
Ruiliman22
When you post some charts of some losing trades like you said can you make sure we can see when and what pair they were. I like some of what I see in the template mopar shared but I would like to see what some loosing trades look like on his chart.
Thanks
From the looks of this we all might get to go to a party next year:p
All I can say is T/R/O and I’ll leave it at that…
Nothing more will be said.
Back to your regularly scheduled program.
It’s gonna be fun playing with this pro_modified system monday.
I’ve combined teachings of MightyOne, Sam Seiden, Andrei Pahar, and now ruilima22 to come up with the indicator combination.
Here is the full blown setup ready to roll. Hi, my name is…and I’m an indicator junky…LOL
Do you notice how price “respects” the pivot levels?
I can’t believe that big boys really trade them and that’s why??
Anyway, maybe I do need to read “fooled by randomness” and the “black swan”.
I’m reading “your mind and your money” at the moment.
I’ll be back in a few weeks to show some results, good or bad.
