Acerinvest

There has been some question, at least by me, regarding the optimal settings for various of the indicators. Set the MarketBias period too long and you miss out on short term retracements or too short and you fail to see the long-term trend.
 
Here is a solution I have found useful. I have modifed the MarketBias indicator to plot lines rather than histograms and then plot five MarketBias lines with periods of 21, 34, 55, 89 and 144. Why these periods? Well everything else seems to follow Fibonacci so seemed a good selection.
 
I have had to put this into three separate indicators because, probably, of my coding inadequacy. Just load all three onto the same chart. Only trade when all lines are showing the same colour.
 
http://www.4shared.com/file/VzlfpcHF/MKBiasSF2.html
http://www.4shared.com/file/t2cwfqf9/MKBiasSF3.html
http://www.4shared.com/file/JeqIBxOY/MKBiasSF1.html

Looks very good from the contents but the files are massive. Are they all needed or can you direct us to the juicy bits?

Hi Samk
 
Personally, I am not so happy about going long below the wave or short above the wave though clearly there are opportunities to do so. The backtesting I have done seems to suggest that the initial signal of PA crossing the wave up or down is the most reliable signal. You can then take another bite of the cherry if there is a retracement or a counter-trade if the NonlagMA and MarketBias go the other way but I would regard these as higher risk trades.
 
No system is ever going to be precise but, to an extent, I feel that if we are picking up trades the "wrong" way it suggests that there may be more tweaking needed to the wave specification. We are mot or at least should not be aiming to catch trades at the top or bottom of each market cycle but instead need to jump in each time the market has truly made up its mind which way it is going.
 
For the mathematically inclined, think of a normal sine wave. Draw another one shifted forwards a little such that it crosses the first a little after the peak. It will then cross the line a little after the next trough and so on. This is exactly what we are aiming for with our "wave" signal. I did have a brainwave that working on the same analogy if we added a second wave with a negative rather than positive shift this would be a good exit signal. However, I do hope you can all see what an idiot I was for thinking along these lines.
 
A good exercise is to minimise your chart as far as possible and try out various moving average periods for your wave and just observe where, relative to price aaction, it would have signalled buy or sell trades.
 
There is another option which I have tried with some success. That is to add a second MarketBias indicator but with a very long period (I used 250) to indicate long-term trends and then simply use the NonLagMA set on a 35 period and MarketBias on a 50 period setting to identify trades in the direction of the long-term trend.
 

Hi Samk
 
Just looked at my "sent" messages and the message I sent doesn't seem to be there. It was a collosal message so I don'y think I can repeat it but, in essence, my comments were that a period of 50 on the MarketBias indicator seems about right but the setting of 21 for the NonlagMA seems a bit short to me though the "proof of the pudding is in the eating" so if it works don't knock it.
 
The main principle of this system is to trade long above the "wave" and short if below it. The wave is a moving average with levels set above and below or a compoite of moving averages based on high and low prices. There is also the question regarding which mode of moving average is best i.e. simple, exponential, smoothed or linear.
 
The problem of optimising the system is that with so many variables you do end up with a lot of combinations to test. Even with an EA this will take a lot of time. I calculated that a basic test would cover 2100 combinations! Hopefully we can find a way to prune this doen a little though!
 
One challenge is to determine whether we can get away with one template for all currency pairs and timeframes or whether they need to be adabted to suit the individual characteristics. On a more fundamental level, should the wave settings be the same for long and short trading setups? If the market cycles are symetrical then perhaps we are ok with one setup but it is an assumption that should, at least, be considered.
 
This is a great system but it is easy to end up with far more questions than answers. There will always be an element of human interpretation but we do need the indicators to be as well-tuned as possible.

I have just put together a little indicator that you might find useful. When scalping I always have to think about where to put my stop and limit on th order. When trying to act quickly this can be a bit of a pain so I came up with the attached indicator.
 
What does it do?
 
It uses the average trading range to set a margin below the lowest of the last four bars (actually at half the ATR). Then, based on your reward to risk ratio target, it calculates the limit figure. These are noted in any of the four corners of your main chart.
 
Let me know if this helps and if there are any other enhancements you might like to see.
 
http://www.4shared.com/file/Sys6AXNs/StopandLimit.html

I have just put together a little indicator that you might find useful. When scalping I always have to think about where to put my stop and limit on th order. When trying to act quickly this can be a bit of a pain so I came up with the attached indicator.
 
What does it do?
 
It uses the average trading range to set a margin below the lowest of the last four bars (actually at half the ATR). Then, based on your reward to risk ratio target, it calculates the limit figure. These are noted in any of the four corners of your main chart.
 
Let me know if this helps and if there are any other enhancements you might like to see.
 
http://www.4shared.com/file/Sys6AXNs/StopandLimit.html

This indicator is almost good enough to trade on its own. Give it a try.
 
http://www.4shared.com/file/L59whd7T/StochasticRSI.html

Put it on a 15 minute chart and then overlay a 14/4/9 Stochastic. Scan back over the past and look at points where the StochRSI crosses down below 20 or up above 80. The StochRSI is a much faster indicator which more definative signals down or up. The Stochastic indicator is much smoother but lags and gives a weaker signal in my opinion. I would not use the StochRSI indicator alone but is useful if combined with say a nonlag MA to determine when to get in and out of a trade. Play with it and see if it helps your trading system.
 
I am always trying to improve my system and find indicators that compliment each other. My opinion is that indicators can help but I am horrified when I see screenshots with a dozen or so indicators. Find three or four at maximum and work with them rather than constantly changing to the next holy grail. Indicators should prop up what you see from price action rather than being a fly-by-wire trading system in their own right.

This indicator is almost good enough to trade on its own. Give it a try.
 
http://www.4shared.com/file/L59whd7T/StochasticRSI.html

This indicator is almost good enough to trade on its own. Give it a try.
 
http://www.4shared.com/file/L59whd7T/StochasticRSI.html

This indicator is almost good enough to trade on its own. Give it a try.
 
http://www.4shared.com/file/L59whd7T/StochasticRSI.html

This indicator is almost good enough to trade on its own. Give it a try.
 
http://www.4shared.com/file/L59whd7T/StochasticRSI.html

This indicator is almost good enough to trade on its own. Give it a try.
 
http://www.4shared.com/file/L59whd7T/StochasticRSI.html

This indicator is almost good enough to trade on its own. Give it a try.
 
http://www.4shared.com/file/L59whd7T/StochasticRSI.html

This indicator is almost good enough to trade on its own. Give it a try.
 
http://www.4shared.com/file/L59whd7T/StochasticRSI.html

This indicator is almost good enough to trade on its own. Give it a try.
 
http://www.4shared.com/file/L59whd7T/StochasticRSI.html

I have just put together a little indicator that you might find useful. When scalping I always have to think about where to put my stop and limit on th order. When trying to act quickly this can be a bit of a pain so I came up with the attached indicator.
 
What does it do?
 
It uses the average trading range to set a margin below the lowest of the last four bars (actually at half the ATR). Then, based on your reward to risk ratio target, it calculates the limit figure. These are noted in any of the four corners of your main chart.
 
Let me know if this helps and if there are any other enhancements you might like to see.
 
http://www.4shared.com/file/Sys6AXNs/StopandLimit.html

Heh Rey, don't know anything about all that. I'm just sharing a collection I bought a couple months ago. I honestly have no idea whether the person posts here. Here is the link if you want to track him down:
 

http://www.freemoneyreports.org/forex-special-offer/
 
My only interest is helping others here and myself to prosper. :-)

Jason Fielder has ripped off a whole bunch of great gus over on the Forex Factory site that have been developing this system for years. In fairness they largely droped the multi-coloured spaggeti a while back in favour of a rather more straightforward approach as per the attached indicator http://www.4shared.com/file/OEnF5iVk/CCFp-Diff_v103.html
He has packaged the process quite nicely but pop over to Forex Factory for a much more in-depth study of this approach. I hope that is not being disloyal to such an excellent forum as this is but we are all hear to learn.

I have uploaded what I feel are my best indicators at present. The nonlagma is better than FXSmooth but in answer to Samks question I have used the FXSmooth exit as an overlay on the NonLagMA chart simply because the line does plot a little more separately than overlaying a shorter term NonLagMA. In some ways a better alternative is to use two NonLagMA charts one set at a slow period (35 to 50) to trigger trade entry point and one et at a slower period say 15 to serve as an exit indicator.
 
I have tried several pivot indicators and the one I am using at the moment is the fxboom pivots. The problm is that some pivot indicators simply plot too many lines and just confuse me. Others seem to plot lines where there seems no evidence of support or resistance. What I do find helpful though is to zoom out and plot in a few S&R lines myself based on the bigger picture. I use these lines and those from fxboom to either set targets for a trade or pending orders above/below the next line rather than using market orders.
 
The last goody of the day is my version of the QQE indicator. Entry signal is when line crosses 50 and exit is when it crosses the signal line. Only trade up if the signal line is below main line and down when the signal line is above the main line.
 
Have a great day.
 
http://www.4shared.com/file/RDO3XACO/NonLagMA.html
http://www.4shared.com/file/MRXeCTpt/Fxboom_Pivots.html
http://www.4shared.com/file/vV91D8Bd/QQE_ADV.html

I have uploaded what I feel are my best indicators at present. The nonlagma is better than FXSmooth but in answer to Samks question I have used the FXSmooth exit as an overlay on the NonLagMA chart simply because the line does plot a little more separately than overlaying a shorter term NonLagMA. In some ways a better alternative is to use two NonLagMA charts one set at a slow period (35 to 50) to trigger trade entry point and one et at a slower period say 15 to serve as an exit indicator.
 
I have tried several pivot indicators and the one I am using at the moment is the fxboom pivots. The problm is that some pivot indicators simply plot too many lines and just confuse me. Others seem to plot lines where there seems no evidence of support or resistance. What I do find helpful though is to zoom out and plot in a few S&R lines myself based on the bigger picture. I use these lines and those from fxboom to either set targets for a trade or pending orders above/below the next line rather than using market orders.
 
The last goody of the day is my version of the QQE indicator. Entry signal is when line crosses 50 and exit is when it crosses the signal line. Only trade up if the signal line is below main line and down when the signal line is above the main line.
 
Have a great day.
 
http://www.4shared.com/file/RDO3XACO/NonLagMA.html
http://www.4shared.com/file/MRXeCTpt/Fxboom_Pivots.html
http://www.4shared.com/file/vV91D8Bd/QQE_ADV.html

There you go. Tends to slow down the platform though.
 
hxxp://www.4shared.com/file/O07J_xk8/ProbMeter_v2.html

The UltraTrix indicator set to the default period of 3 is a bit fussy. Good indicator though but I prefer to slow it down a little with a period of 10. See what you think.

To reply to Fxeasy5. I don't know why the templates are slowing down your MT4 platform. I don't seem to have this problem though have experienced it with indicators like relative strength as used in Delphi system. To place the FXExit on the same chart as the entry simply drag and drop. This works with some indicators and with others, depending on what you are trying to do you can "apply to first indicators data" say when applying a moving average to an RSI signal for example.

There are several indicators that show very similar signals but I do quite like it. See attached templaes. I have added a wave and look for lons above and shorts below the wave. I also include a 2MA Crossover signal on 5/20EMA.
 
The temptation is to add a whole load of other favourite indys but I think too many can tend to cloud judjement. However, I don't think it hurts to use a bit of PA in terms of significant candle formations and big numbers. Oh, and what about pivots and key news announcements and higher TFs. Ah, I have a whole army of indys I can use for all those......................
 
Back to the real world. Have a go with these.
 
http://www.4shared.com/file/CvTBpCoa/fxsmootheurusd.html
http://www.4shared.com/file/lA6cFti0/fxsmoothgbpusd.html
http://www.4shared.com/file/uYHJtDar/fxsmoothusdchf.html
http://www.4shared.com/file/5vqj84zl/fxsmoothusdjpy.html