danny_pip Posted October 26, 2010 Report Share Posted October 26, 2010 I've tried it on 5M timeframe. Set scalping to true in the slow markets. I only tried it today. I'm still testing it Quote Link to comment Share on other sites More sharing options...
paracool Posted October 26, 2010 Report Share Posted October 26, 2010 I do not speak French! ;-( How or when to enter the trade with these indicators? How to avoid wrong signals on Godbands? Anyone has a manual? Many thanks! Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted October 26, 2010 Report Share Posted October 26, 2010 I do not speak French! ;-( How or when to enter the trade with these indicators? How to avoid wrong signals on Godbands? Anyone has a manual? Many thanks! On the Gold Bands, just wait until they get very narrow, then take the first close outside of them. Initial protective stop (and reverse) a close outside the opposite band. Trail a stop to protect profits... Hope that helps. ismael360 and berusnet 2 Quote Link to comment Share on other sites More sharing options...
danny_pip Posted October 27, 2010 Report Share Posted October 27, 2010 Thx Diesel; on which TF do they advise ? Do you have a manual ? Quote Link to comment Share on other sites More sharing options...
Yorgo Posted October 27, 2010 Author Report Share Posted October 27, 2010 Timeframe M15 minimum Quote Link to comment Share on other sites More sharing options...
shabz Posted October 27, 2010 Report Share Posted October 27, 2010 I repeat my request, If anyone can provide an breakout alert to the Gold bands indicator. Many thanks in advance to whoever can do it. Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted October 28, 2010 Report Share Posted October 28, 2010 I repeat my request, If anyone can provide an breakout alert to the Gold bands indicator. Many thanks in advance to whoever can do it.  Agreed. Or even an alert when the bands get very narrow. Quote Link to comment Share on other sites More sharing options...
cris1713006208 Posted October 30, 2010 Report Share Posted October 30, 2010 "the bands get very narrow"...when you know how much narrow the bands could be ? Quote Link to comment Share on other sites More sharing options...
germeten Posted October 31, 2010 Report Share Posted October 31, 2010 RE: Vostro, even assuming this indicator doesn't repaint, did anyone notice with me that the signal arrives late? Also it would be nice if the spike were proportional to the market move it's ostensibly "predicting." Really IMHO, an indicator that doesn't predict (and accurately) is useless. Anyone with coding experience can write an indi to report events in real time, I mean that's what candles do/are for. An indicator that doesn't lead is no indicator at all. Quote Link to comment Share on other sites More sharing options...
germeten Posted October 31, 2010 Report Share Posted October 31, 2010 Wow. Goldbands is very colorful and busy eye-candy. Q: does it tell you which way the market will move next? Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted October 31, 2010 Report Share Posted October 31, 2010 Wow. Goldbands is very colorful and busy eye-candy. Q: does it tell you which way the market will move next? It doesn't tell you WHICH way the market will breakout (although the center line color does give a general bias). What this indicator does do is tell you WHEN to expect a breakout and big move. In that respect, A Job Well Done! Quote Link to comment Share on other sites More sharing options...
ismael360 Posted November 1, 2010 Report Share Posted November 1, 2010 This seriously does have much potential. We can build something good with this. Any ideas of a complete system built around this strategy and idicators? Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted November 1, 2010 Report Share Posted November 1, 2010 Thx Diesel; on which TF do they advise ? Do you have a manual ? I don't have a manual. I'd say 5m or 15m because you want to be able to take a reverse if it closes outside one band and then another. On larger time frames, the loss could be too big for you to do this (unless you decreased the initial position size...). Quote Link to comment Share on other sites More sharing options...
shabz Posted November 2, 2010 Report Share Posted November 2, 2010 I agree, it works better with 15 min Timeframe. The volatility breakout is what you want. You can use other indicators to confirm the trend direction. Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted November 2, 2010 Report Share Posted November 2, 2010 Another idea is to only trade the reversal and skip the first signal. You'll miss some moves but probably increase your win % and size... Quote Link to comment Share on other sites More sharing options...
shabz Posted November 2, 2010 Report Share Posted November 2, 2010 Any programmers out there can add an alert for a bar closing outside the Gold bands ?  Plenty of Kudos waits for who can do it. This would make it very useful, as you could keep tabs on many currency pairs at once. Quote Link to comment Share on other sites More sharing options...
shabz Posted November 9, 2010 Report Share Posted November 9, 2010 Anyone take on this alert for gold bands ? Quote Link to comment Share on other sites More sharing options...
danny_pip Posted November 9, 2010 Report Share Posted November 9, 2010 I've made a version with alert I've tried to build an EA around it; but it needs a lot of extra filtering to be succesfull. All tips and kudos are welcome !! http://www.4shared.com/file/OIj5GO6b/GoldBands_with_Alert.html Diesel 10, paracool, Lounge and 1 other 4 Quote Link to comment Share on other sites More sharing options...
shabz Posted November 10, 2010 Report Share Posted November 10, 2010 Is it possible you could explain all the different settings on the indicator ? Thanks Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted November 13, 2010 Report Share Posted November 13, 2010 (edited) "the bands get very narrow"...when you know how much narrow the bands could be ? Find the highest distance between the high band and the low band in the last 100 bars. Find the lowest distance between the high band and the low band in the last 100 bars. Subtract the low distance from the high distance which will give you the 100 period range of distances between the high band and low band. Now subtract the low distance from the current distance and divide the outcome by the 100 period range of distances. Anything less than 0.10 (ie the lowest 10%) is extremely low! Hope that's clear. I know nothing about coding, otherwise I would code this as an alert... I think it could be VERY Valuable ! Edited November 13, 2010 by Diesel 10 Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted November 13, 2010 Report Share Posted November 13, 2010 I've made a version with alert I've tried to build an EA around it; but it needs a lot of extra filtering to be succesfull. All tips and kudos are welcome !! http://www.4shared.com/file/OIj5GO6b/GoldBands_with_Alert.html I'm not able to download this indicator from 4shared. It times out. (Never had this problem before...???). Can someone please mirror this to mediafire.com ? Would be much appreciated! Quote Link to comment Share on other sites More sharing options...
kraven Posted November 13, 2010 Report Share Posted November 13, 2010 Diesel I've just downloaded from there with no probs Quote Link to comment Share on other sites More sharing options...
Guest fxdon Posted November 23, 2010 Report Share Posted November 23, 2010 Would you please tell me how to read the vostro indicator? what is the best time frame? thanks. not repaint... I like it! Quote Link to comment Share on other sites More sharing options...
shabz Posted November 23, 2010 Report Share Posted November 23, 2010 I've made a version with alert I've tried to build an EA around it; but it needs a lot of extra filtering to be succesfull. All tips and kudos are welcome !! http://www.4shared.com/file/OIj5GO6b/GoldBands_with_Alert.html Hi Danny pip, Any info on what all the settings are ? Quote Link to comment Share on other sites More sharing options...
dannydon786 Posted July 27, 2011 Report Share Posted July 27, 2011 all links are dead please upload Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.