Page 1 of 2 12 LastLast
Results 1 to 10 of 14
  1. #1
    Veteran Member randy1953's Avatar

    Tested out very good 8 out of 10 trades. !!!



    Okay been testing this has work very well so far on 60 seconds.
    If you look at the chart you see where I drew semi-circle where 2 of my indicators alert very close to each other one is a green or red dot the other is larger green and blue symbol. Then down below is a MACD divergence cross over when I see all these coming together I take the trade so far almost perfect.

    The 3 main indicators are
    1. sixty-seconds trade
    2. MACD custom cross over
    3. MACD Divergence v1 (12,26,9)

    Of course this is the easy part it's all working well using MT4 and a stopwatch as a timer for 60 seconds trading. The real test will be how it translates over to live trading on a SpotOption platform. I will do some pretend trading first having both windows of the MT4 and spotoption open and then if it looks good and giving my self 2 or 3 seconds to exacute the live trades then we shall see.
    Last edited by randy1953; 07-28-2015 at 06:12 AM.

  2. #2
    Moderator Kolyo's Avatar
    Hi Randy!

    It looks promising strategy. Is it based on lagging indicators? I mean are the signals coming on time and not later for real trading. It looks similar to Bill Williams fractals
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  3. #3
    Veteran Member randy1953's Avatar
    Quote Originally Posted by Kolyo View Post
    Hi Randy!

    It looks promising strategy. Is it based on lagging indicators? I mean are the signals coming on time and not later for real trading. It looks similar to Bill Williams fractals
    I think they must be lagging all I know was I did paper trading using the above and was very successful but when I transferred it to real trading it was not.
    How do you test if a indicator is lagging or not?
    thanks
    Randy

  4. #4
    Legendry Member milos's Avatar
    Looks good Randy.I used MACD (12,26,9)

  5. #5
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by randy1953 View Post
    I think they must be lagging all I know was I did paper trading using the above and was very successful but when I transferred it to real trading it was not.
    How do you test if a indicator is lagging or not?
    thanks
    Randy
    Just FYI, allllll indicators are lagging. some are intended to be forward looking but all indicators are based on current/past data and therefore can only give signals in a coincident manner at best. Even the so called "leading indicators" index is really a lagging index because it is a read of last months index which is trying to predict this months activity so at very best it is coincident as well, it is the activity of the indicators over time, in relation to trend and market activity and economics, that provie signals, no indicator is fool proof. Relying solely on indicators is a good way to get into great trades a little late, the trick is anticipating the moves and the signals as they develop and read the market appropriately. MACD on standard settings is a good way to do this, if the market is trending up a bear peak is a good bullish entry, capiche?

  6. Thanks Ronnel thanked this post
  7. #6
    Legendry Member Okane's Avatar
    I agree with Michael but would like to add that leading indicators
    basically show you the same thing that's already happening with the candlesticks
    so you will be off much better looking at the candles rather than some indies. It's not like
    they can show you the future.
    Live Webinar: Hidden Content
    Join My Skype Group: Hidden Content

  8. Thanks Ronnel thanked this post
  9. #7
    Legendry Member Michael Hodges's Avatar
    its all in the charts. some of you guys go for naked charting, that's OK but indies are like charts, they can be read, how many of you have tried to trade ONLY using an indicator. It can be done, all you have to do is understand how they work, you can recognize trends in long and short time frames and pin point entries simply looking at bearish and bullish crossovers, measuring divergences and analyzing indicators.

  10. #8
    Veteran Member Ronnel's Avatar
    Quote Originally Posted by Michael Hodges View Post
    its all in the charts. some of you guys go for naked charting, that's OK but indies are like charts, they can be read, how many of you have tried to trade ONLY using an indicator. It can be done, all you have to do is understand how they work, you can recognize trends in long and short time frames and pin point entries simply looking at bearish and bullish crossovers, measuring divergences and analyzing indicators.

    I use both fully naked charts and also Christmas tree charts and have also traded using ONLY indicators and it does work especially when done near support and resistance areas. The reason why I did that is because my mentor noticed that I became obsessed with naked charting so he instructed me to use indicators only and my score was surprisingly the same. Trading is hard and knowing how indicators work really makes trading experience a little bit less hair pulling

  11. #9
    Veteran Member randy1953's Avatar
    Quote Originally Posted by Michael Hodges View Post
    Just FYI, allllll indicators are lagging. some are intended to be forward looking but all indicators are based on current/past data and therefore can only give signals in a coincident manner at best. Even the so called "leading indicators" index is really a lagging index because it is a read of last months index which is trying to predict this months activity so at very best it is coincident as well, it is the activity of the indicators over time, in relation to trend and market activity and economics, that provie signals, no indicator is fool proof. Relying solely on indicators is a good way to get into great trades a little late, the trick is anticipating the moves and the signals as they develop and read the market appropriately. MACD on standard settings is a good way to do this, if the market is trending up a bear peak is a good bullish entry, capiche?
    Makes a lot of sense
    thanks
    I will update my diary have some interesting stuff to say.

  12. #10
    Specialist Member protrader's Avatar
    Quote Originally Posted by randy1953 View Post
    I think they must be lagging all I know was I did paper trading using the above and was very successful but when I transferred it to real trading it was not.
    How do you test if a indicator is lagging or not?
    thanks
    Randy
    Watch the indicator live, if its repainting then its of no use. Also such indicators usually require 3-10 candles to confirm the reversal point - the dot, also very little use. Try paintbarfactory.com indicators, they do not repaint and quite good.
    Last edited by protrader; 08-01-2015 at 10:00 AM.
    Cryptocurrency Telegram Channel Hidden Content

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3