Predicting future market using Xprofuter indicator - page 12
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Hi ar armahadi
there is something to read I put it in attachment for your understanding.
There is an image at the end of the document saying
strategies with Laguerre and especially Laguerre_Filter is profitable.
This indicator laguerre_filter can show good results if well used inside an expert advisor
Check it
rgds
john
for Ar Mahadi
The truth is : The market is evolving and changing
Old strategies like RSI, Turtles, Stochastics, Awesome, CCI are not working properly anymore. (but surely loosing money and money)
You will have to choose about several strategy :
- scalpel
- breakout
- trend
- reverse
- cycle
- fibonacci steps points
and so on...
If you just begin in forex, I would like you to consider the trend, that means, just opening trades on TREND
and the best time frames to select (between 1M to 30M)
ALso, to be sure about the market, if the market is persistent or not persistent.
If the market is persistent and non-volatile, ok, you can work hard and find a good forex strategy for yourself
(definivetly forget STOCHASTIC, RSI, at all)
even for confirmation, they are wrong .... because the market is changing
Remember : if you trade during chaotic market, it's like going to casino, sometimes you win, most of the times you loose, but you do not know why.
You were asking about good indicators.
I think this is not the good question. The question should be, what are the best indicators to trade on the trend ?
Do you understand ?
Well, first, be sure the market is persistent:
iVAR and VQ tell the market is persistent and not volatile
(there is also the ery good Damiani, I just put in attachment)
Once you found, after several tries, the best exit (first at all, this is the main place inside your ea) and the best entry signals, you just made the first thind of the hard work.
I repeat, you will be able to open trade, if market is persistent, and NON VOLATILE, and may be if your strategy is based on trending, only when the trend is there.
That implies 3 conditions for opening a trade.
About the strategy of your ea, forget some reverse systems, just a simple martingale algorythm can help you.
The problem is EXIT signals, not stop loss.
well, placing SL is mandatory, but all computers are programmed to eat all SLs grapes like in packman games
That 's why I would advise you to use ATR as SL
or, may be find the Lowest HIGH from the last 6 bars, this lowest bar will be your SL, inside your Long (Buy) trade
For short -Sell - trade, find the highest LOW from the last 6 previous bars.
After all, you will have to find the best Time Frame and test your EA on a demo account, this is the best way
i you case, for trending scalpel, the trades would be performed only from the beginning European market hours until end of NY market hours
I would remind there were a very good project name SuperNova expert advisor.
Rgds
john
Hi All
I just wrote an Lyapunov indicator, telling you if the market is predictable (if indice negative) or chaotic (indice positive)
The result are better if you install the JJMA and its relative library and use the Jurik Mode
If you trade while the Lyapunov is positive, indicating the market is chaotic, it's like going to a casino in LA and gambling all your money in a poker machine.
Yep, sometimes it works, but sure, the casino is always the winner
All the best
Can you please explain exactly what this Xprofuteroverlay indicator will do?
Hi
Try it , putting both indicators on EURUSD 1MN or 5MN, on a shifted chart, and see the result
john
PS: regarding the usage of old bad indicators, I wrote something on another forum, bcoz I tested several w/ RapidMiner and detect the values provided by the brokers were too much fake and wrong to be suitable for trading.
Always find a broker w/ No Dealing Desk, if possible an ECN broker w/No Dealing desk
Take a look on this video
No Dealing Desk |Forex Execution | Forex Trading | FXCM
NICE WORK JAGUAR
THERE IS A PEST NAMED OILFX ON THIS FORUM.
HE IS A CONMAN..TAKE A MINUTE TO READ ABOUT HIM HERE.ELCID TSD - Google Search
IF HE EVER TRIES TO QUESTION YOU JUST TELL HIM ABOUT WHAT YOU KNOW ABOUT HIM.
Thank you Kevinator for your intervention
Bcoz I received a lot's of mails
Thks again
Your welcome...
If you want a copy of the new system just pm me with a address in which to send it to and I will get a copy out to you.
Hi
In my humble opinion, it seems the best is to fetch one or 2 main indicators, and after, apply some rules to confirm or not confirm the signals (entry end exit) given by the first indicators