NINJA PLATFORM

forex live trades, setups, charts

Moderator: moderators

User avatar
monolisa
rank: 150+ posts
rank: 150+ posts
Posts: 351
Joined: Fri Jun 12, 2009 11:38 am
Reputation: 0
Location: All Quiet on the Western Front
Gender: None specified

Postby monolisa » Thu Oct 01, 2009 10:27 am

Hi everyone! I am back!

I have developed some indicators so I could use DM with my MT4 broker. BTW, the Woodies CCI portion of the method is actually a MA - LSMA (Least Square Moving Average) of period 25. You can see it in the following chart.

Today's EURUSD chart.

Image

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
monolisa
rank: 150+ posts
rank: 150+ posts
Posts: 351
Joined: Fri Jun 12, 2009 11:38 am
Reputation: 0
Location: All Quiet on the Western Front
Gender: None specified

Postby monolisa » Thu Oct 01, 2009 1:25 pm

I think dchappy's method uses just the lsma to keep the system "clean" and simple yet efficient. Personally I would not use more than 2 indicators on a chart.

Lis


MikeWinfrey wrote:Try this for putting the CCI directly on price. Woodie espouses a 14 period CCI. So, put up 2 sets of 14 period Bollinger Bands. One set of BBs should have a standard deviation of 1 and the other should have a standard deviation of 2. That gives you the CCI zero line, 100 lines, and 200 lines. Then put your 25 period lsma or linear regression ma on top of that. Also, to track the CCI line more accurately, put up at a one period SMA based on typical price and that gives you the CCI line. You can confirm this by putting up a CCI indicator and compare where the CCI crosses the zero line, 100 lines, and 200 lines. You'll see the same crosses in the BBs.

I've included a picture for you to look at with 2 zero line crosses marked.

Mike
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

User avatar
monolisa
rank: 150+ posts
rank: 150+ posts
Posts: 351
Joined: Fri Jun 12, 2009 11:38 am
Reputation: 0
Location: All Quiet on the Western Front
Gender: None specified

Postby monolisa » Thu Oct 01, 2009 1:31 pm

I see. Thanks :)

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

User avatar
monolisa
rank: 150+ posts
rank: 150+ posts
Posts: 351
Joined: Fri Jun 12, 2009 11:38 am
Reputation: 0
Location: All Quiet on the Western Front
Gender: None specified

Postby monolisa » Thu Oct 01, 2009 2:09 pm

You are correct. LSMA and price cross is the method currently used.

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

User avatar
monolisa
rank: 150+ posts
rank: 150+ posts
Posts: 351
Joined: Fri Jun 12, 2009 11:38 am
Reputation: 0
Location: All Quiet on the Western Front
Gender: None specified

Postby monolisa » Fri Oct 02, 2009 2:06 am

LinReg is the NT indicator that shows present and past Regression channel. However it doesn't have std dev function. You can mod it to include such function.

The green dotted lines on the chart here are the Regression Channel Lines of 60 period and 2 std dev. You can see price getting in and out of the channel on historical data.

Image

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

jz166
rank: 150+ posts
rank: 150+ posts
Posts: 172
Joined: Sat Jul 18, 2009 5:29 am
Reputation: 0
Location: USA
Gender: Male

Postby jz166 » Fri Oct 02, 2009 3:13 am

Liz, welcome back!

Your chart is range 10 or M2? Please post more.
:D

User avatar
monolisa
rank: 150+ posts
rank: 150+ posts
Posts: 351
Joined: Fri Jun 12, 2009 11:38 am
Reputation: 0
Location: All Quiet on the Western Front
Gender: None specified

Postby monolisa » Fri Oct 02, 2009 7:40 am

It's range 10 chart.

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

User avatar
noone22
rank: 150+ posts
rank: 150+ posts
Posts: 390
Joined: Tue Aug 05, 2008 4:50 am
Reputation: 0
Gender: None specified

Postby noone22 » Fri Oct 02, 2009 12:12 pm

monolisa wrote:Image


Hm, and how to trade this???

User avatar
monolisa
rank: 150+ posts
rank: 150+ posts
Posts: 351
Joined: Fri Jun 12, 2009 11:38 am
Reputation: 0
Location: All Quiet on the Western Front
Gender: None specified

Postby monolisa » Sat Oct 03, 2009 2:43 am

Mike,

Your chart showed the LinReg and SMA lines went outside the channel but that's not entirely accurate because the channel is valid only for the current bar. Using LinReg (Period 60, Std Dev 2) will help you visualize historical price movement above and below the channel.

Also dchappy method uses Heiken Ashi indicator.

Lis


MikeWinfrey wrote:Sometimes a picture is worth a thousand words. This is a picture of my chart. The parallel blue lines are obviously the regression channel that dchappy uses with one exception. This is a draw object as opposed to using the Regression Channel indicator that comes with NT. I put the regression channel drawobject in an indicator so I can use it to practice on historic data which can't be done using the Regression Channel indicator. The cyan line is the 25 period LinReg indicator which is the same as Woodie's LSMA. Found that out a few years back. The black line is the CCI line. So, I really don't even need the CCI on my chart any longer but like dchappy was at one time, it's still a crutch. The middle panel with the red and green dots is a traffic light that tells me where the cyan line is in relation to the black line. In other words, it tells me when the crosses occur.

In addition to the cross, I am looking for both the cyan and black lines to go outside the regression channel for the cross to take place. I don't remember dchappy mentioning that but it seems to be a good indication of exhaustion.

I'm really liking this setup so far. Been back over a few days worth of charts and it's doing well. Today is my first day to actually trade this chart.

Thanks dchappy...
Mike
Last edited by monolisa on Sat Oct 03, 2009 2:53 am, edited 1 time in total.
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

User avatar
monolisa
rank: 150+ posts
rank: 150+ posts
Posts: 351
Joined: Fri Jun 12, 2009 11:38 am
Reputation: 0
Location: All Quiet on the Western Front
Gender: None specified

Postby monolisa » Sat Oct 03, 2009 2:51 am

SHORT TRADE
Entry
1. HA Bar crosses the upper boundary of the Regression Channel Lines (RCL) (green dotted lines)
2. HA Bar is Red
3. LSMA is Red
Exit
1. either at the lower boundary of the RCL or when LSMA is White

LONG TRADE is just the opposite of short trade

I have added one more criteria to the system - Risk Reward Ratio (RRR) >= 1.5 (Risk = Distance between Entry Price and Previous Swing High/Low + 3 pips, Reward = Distance between Entry Price and Lower/Upper Boundary of RCL)

Lis

noone22 wrote:
monolisa wrote:Image


Hm, and how to trade this???
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “forex”