fx_dude Posted August 2, 2012 Report Share Posted August 2, 2012 Just putting this one out there...... probably not getting far :) but I still would like to hear about what you kind people think... please! I am looking for a good indicator to keep me out of chop, most indicators are great when the market is trending.... now! whats the best one (indicator/strategy) to manage chop.... there must be something someone is using that has had some success Please comment bellow what you use and what has been your successes and failures !!! Appreciated! Cheers PS: I am new on here and don't have many contributions! but.... u got to start somewhere right! :) Quote Link to comment Share on other sites More sharing options...
dk1aussie Posted August 2, 2012 Report Share Posted August 2, 2012 have a look at this thread it might helpful http://indo-investasi.com/showthread.php/19033-5-min-scalper Quote Link to comment Share on other sites More sharing options...
capsmart Posted August 2, 2012 Report Share Posted August 2, 2012 Fx_dude, I would suggest using the ADX or DM (more or less the same indicator). Quote Link to comment Share on other sites More sharing options...
john1368 Posted August 4, 2012 Report Share Posted August 4, 2012 Have a look at the timeframe on the FX market, if you trade the H4 chart you will see that action always happens around the 20.00 to 0.00 timeframe, either a trend starts, stops or it is a consolidation of a existing trend, you just need a filter to tell you at the 20.00 or 0.00 time which way it will go, if it is a trend already in play the use the low of the 20.00 bar for your stop/loss. Time is more important than price !! Quote Link to comment Share on other sites More sharing options...
iwjw Posted August 4, 2012 Report Share Posted August 4, 2012 what's 20.00 in GMT? Quote Link to comment Share on other sites More sharing options...
sisirchow Posted August 5, 2012 Report Share Posted August 5, 2012 I personally use ADX for detecting choppy markets. when ADX is below 18 I consider it as a ranging/choping market. Quote Link to comment Share on other sites More sharing options...
fx_dude Posted August 10, 2012 Author Report Share Posted August 10, 2012 Thanks a lot to all who put their thoughts through.... looks like ADX is the winner :/ @john1368...... don't really follow what you trying to say there man!!! maybe it's just me :) Quote Link to comment Share on other sites More sharing options...
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