Simple and Profitable - Page 2

aelimian · #11 (**permalink**) 08-24-2007, 12:40 AM

Quote:

Originally Posted by duyduy

Hi I use this indicator found in this forum

It's very simple and profitable

Usually I use in GU and GH on 4H Maybe u can test it on other pairs
OPEN BUY POSITION : NONLAGMA CROSS THE FXSNIPER FROM BOTTOM
CLOSE BUY POSITION : NONLAGMA CROSS THE FXSNIPER FROM TOP

VISA VERSA ON SALE POSITION

Setting for FX Snipper
MA Type : 3
MA Period : 34

Default Setting For NonLagma
Here I Attach the Indi

Do you wait for the close of the candle at crossing?

Linuxser · #12 (**permalink**) 08-24-2007, 02:10 AM

Arrows are in little wrong position.

At least 1 bar before of real position in real time.

By looking history on charts with MAs it´s a common mistake.

If market is in a powerful trend no problem. But in sideways, whipsaws would kill you.

And there is no way to trade sideways with MAs.

Be carefull.

duyduy · #13 (**permalink**) 08-24-2007, 06:15 AM

Quote:

Originally Posted by Linuxser

Arrows are in little wrong position.

At least 1 bar before of real position in real time.

By looking history on charts with MAs it´s a common mistake.

If market is in a powerful trend no problem. But in sideways, whipsaws would kill you.

And there is no way to trade sideways with MAs.

Be carefull.

Actually I draw the arrow my self..
Yes I agree with u, this method won't work in side ways..
So maybe someone in this thread will have idea, to improve this method?

nicesurf · #14 (**permalink**) 08-24-2007, 11:26 AM

It's good when we add with RSI, The indicator can not catch reversal.

mrv · #15 (**permalink**) 08-24-2007, 11:39 AM

All systems could be divided into 2 categories: trending systems and ranging systems. All trending systems are moreless the same: good while trending, bad while ranging, using different indicators to show the same thing, maybe one indicator gives signal a minute earlier than another, not a difference anyway. And in EVERY trending system thread there is the same problem - how to avoid flat markets? Unfortunately, this question is still not answered, the only way to deal with it is human discretion. But if you are smart enough to detect and avoid flat market, you will be able to spot a trend without any indicator, so you need no system anyway.

Linuxser · #16 (**permalink**) 08-24-2007, 06:01 PM

Quote:

Originally Posted by duyduy

Actually I draw the arrow my self..
Yes I agree with u, this method won't work in side ways..
So maybe someone in this thread will have idea, to improve this method?

What we see and what we want to see sometimes it´s different.

By simple maths, an 1 simple moving average using close is lagged by one bar, an 1 exponential moving average using close is lagged by one bar.

Moving averages as the name implies, averages price action.
When you get a crossover it's because the average of one of the two moving averages is increasing, fast is the common one to increase.

When the shortest moving average crosses the largest we could suspect average price is changing faster. And, maybe this could be an increase in momentum.

That´s mean in the last x periods against z periods the average price was positive or negative increased.

So, short last average price (5 ema) is growing against long average price ( 21 EMA). In other words, the trend could be changing from negative average prices (down) to positive average prices (up).
After the cross, shortest average price could be positive and longest negative or vice versa. Our signal of a trend change.

The lag is proportional to how much average do you want to include and the mathematics involved.
A hullma does not calculate the average as a nonlagma, like EMA is not SMA, or JMA is not AMA. Every type of MA have their own formulas looking for someting or some special behavior under certain characteristics.

But all moving averages follows the price in one way or another.
The only indicators that lead the price are momentum style indicators which are more sensitive to price moves. The other side of what MA´s want to filter.
Also, is higly possible MAs does not work well without the right amplitude in price action.

So, for longest trend with angle, MAs are ok, for non trending/sideways markets you need to use in a different way. Dynamic SR could be one.

banzai · #17 (**permalink**) 08-25-2007, 08:44 PM

Sideway is just a Band Squeeze. So just use the Bollinger Band Squeeze indicator. Red dot in the middle of the indicator means it's squeezing so don't trade. Green dots means it's OK to trade. Red histogram means it's in a downtrend. Blue histogram means it's an uptrend. I know it's lagging but it's safe. Once you got a green signal, then it's a good and safe one.

Of course you'll say, but in a sideway, the range is from 70-100 pips. In that case, just switch to a smaller timeframe and scalp.

duyduy · #18 (**permalink**) 08-26-2007, 07:36 AM

Quote:

Originally Posted by Linuxser

What we see and what we want to see sometimes it´s different.

By simple maths, an 1 simple moving average using close is lagged by one bar, an 1 exponential moving average using close is lagged by one bar.

Moving averages as the name implies, averages price action.
When you get a crossover it's because the average of one of the two moving averages is increasing, fast is the common one to increase.

When the shortest moving average crosses the largest we could suspect average price is changing faster. And, maybe this could be an increase in momentum.

That´s mean in the last x periods against z periods the average price was positive or negative increased.

So, short last average price (5 ema) is growing against long average price ( 21 EMA). In other words, the trend could be changing from negative average prices (down) to positive average prices (up).
After the cross, shortest average price could be positive and longest negative or vice versa. Our signal of a trend change.

The lag is proportional to how much average do you want to include and the mathematics involved.
A hullma does not calculate the average as a nonlagma, like EMA is not SMA, or JMA is not AMA. Every type of MA have their own formulas looking for someting or some special behavior under certain characteristics.

But all moving averages follows the price in one way or another.
The only indicators that lead the price are momentum style indicators which are more sensitive to price moves. The other side of what MA´s want to filter.
Also, is higly possible MAs does not work well without the right amplitude in price action.

So, for longest trend with angle, MAs are ok, for non trending/sideways markets you need to use in a different way. Dynamic SR could be one.

Thanks for the explaination.,
Actually i'm a newbie in forex.. I just try the indicator found in this forum

Btw what is dynamic SR? where i could find it.?

duyduy · #19 (**permalink**) 08-26-2007, 07:37 AM

Quote:

Originally Posted by banzai

Sideway is just a Band Squeeze. So just use the Bollinger Band Squeeze indicator. Red dot in the middle of the indicator means it's squeezing so don't trade. Green dots means it's OK to trade. Red histogram means it's in a downtrend. Blue histogram means it's an uptrend. I know it's lagging but it's safe. Once you got a green signal, then it's a good and safe one.

Of course you'll say, but in a sideway, the range is from 70-100 pips. In that case, just switch to a smaller timeframe and scalp.

Thanks for the indi, I'll forward test it

tracej · #20 (**permalink**) 08-26-2007, 10:27 PM

Quote:

Originally Posted by banzai

Sideway is just a Band Squeeze. So just use the Bollinger Band Squeeze indicator. Red dot in the middle of the indicator means it's squeezing so don't trade. Green dots means it's OK to trade. Red histogram means it's in a downtrend. Blue histogram means it's an uptrend. I know it's lagging but it's safe. Once you got a green signal, then it's a good and safe one.

Of course you'll say, but in a sideway, the range is from 70-100 pips. In that case, just switch to a smaller timeframe and scalp.

Do we need to change the settings or just use the settings the way they are in your file?
Thanks.

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