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- Davidhoyle replied Dec 14, 2017
Basically, I'm trading way before the macd emas cross over or under 0. I'm trading at the peak of the fluctuation of macd values. So if the range is 2- -2 I'm trading at 1.7 - -1.7 plus a stoch cross from overbought or sold levels.
- Davidhoyle replied Dec 14, 2017
Interesting. Like dk said, trends change randomly. What if the fluctuation range changes quickly in a 300 bar sample. Would that not create false signals? I'll have to expirement with the best tradebar count. Too much data will allow for more ...
- Davidhoyle replied Dec 14, 2017
I'm not actually using the macd for crossover confirmation. I'm using it to confirm a stochastic crossover. Stochastic give lots of false crossovers. The macd value helps validate the stochastic levels. So if macd value is below -2 with a stochastic ...
- Davidhoyle replied Dec 1, 2017
It was 52%. I'm going to tweak it some, but the money management isn't the issue, save adding a method of determining volume relative to balance. The main issue is the timeframe and period settings at this point.
- Davidhoyle replied Dec 1, 2017
Stock and rsi work best together. You all are missing a key point here. Over bought oversold isn't when a indicator is simply below a level. It's when there's a cross a reversal is happening. For example, rsi MUST cross above 30 from below 30 for a ...
- Davidhoyle replied Dec 1, 2017
Backtesting finished. Clocked in at 112% gain over 7 year timeframe. Will be doing more back testing and parameter adjusting to get higher. Currently about 15% returns a year.
- Davidhoyle replied Dec 1, 2017
You could try setting a resistance level using the PRICE_CLOSE or what ever. You would need to take the price from a certain time period in the past, say 10 candle sticks ago. Then make a formula. Price_Close > or < (price10 candle sticks ago - ( ...
- Davidhoyle replied Dec 1, 2017
Try this, establish a indicator that is identical on both EA. On one EA set a reaction to buy, the other react to sell. Since they'd be reacting to the same indicator, they'd be triggered identically, even as separate EAs. Set a very specific point ...
- Davidhoyle replied Nov 22, 2017
Heres a example of what I'm talking about. Notice how the volume was decreasing towards the apex, and the volume doubled when it broke through. Also notice how the trend lines became more apparent towards the apex opposed to farther. Towards the ...
- Davidhoyle replied Nov 22, 2017
Yes, a steady increase in volume without substantial price movement generally means it's about to change. Look at it this way, supply and demand dictates price. So, since supply is defined, we must use demand. Increase the amount of purchasers ...
- Davidhoyle replied Nov 22, 2017
On their own, volume isn't great, and is only usable when the volume per candle is either ascending or descending. And even then, the ascension/descendance must be correlated to a general price trend. Rather it's flat, up, or down. Volume can verify ...
- Davidhoyle replied Nov 21, 2017
I absolutely can. I have some saved on my computer. The pictures will help clarify. Volume can easily be measured in most brokers. Mt4 has a volume indicator. Ill post a step by step on how to do it. You have to be careful which volume indicators ...
- Davidhoyle replied Nov 19, 2017
I know this is a eur usd only thread, but for the sake of determining the strength of both currencies, JPY is down, eur jpy is down stronger than gdp jpy, usd jyp is also down. GBP USD is strong, AUD USD is flat AUD JPY Down stronger than usd jpy. ...
- Davidhoyle replied Nov 19, 2017
I agree with junkees analysis, but believe its only a part of a larger up trend. Per Elliot wave theory, it would be reasonable to conclude we're in the 4th trend. The fifth will happen and make a reversal with long momentum. I'd use stochastic and ...
- Davidhoyle replied Nov 19, 2017
I'll edit my initial post to include those. I didn't realize that was something the thread starter wanted us to do. Thanks for heads up.
- Davidhoyle replied Nov 19, 2017
I appreciate your comment, and understand the basis of it. But my reasoning is more sophisticated than I believe you're thinking. I'm stating that the price is resting right at a resistance level. Furthermore, there's a lot of buildup and a major ...
- Davidhoyle replied Nov 18, 2017
I agree it could go either way. But, whichever way it goes, it'll explode. I've placed stop loss take profit orders both long and short, above and below significant resistence levels. Whichever way it goes, I'll probably make a lot. I'll only lose a ...
- Davidhoyle replied Nov 18, 2017
Gentlemen, this thing is like a soda with a cap and beptobizmo about to blow up. First, we have a ascending triangle, this broke out, then, we have a descending wedge, which was the later stages of the triangle I saw yesterday. The trendline from ...
- Davidhoyle replied Nov 17, 2017
Agreed. Any more than 5 pips risk is a lot. I normally set my stop loss around 5 or 6. I also wait later to enter a trade to act as a validation of my prediction. As long is I make 30-40 pips every hour of holding a trade I'm good. With commission, ...
- Davidhoyle replied Nov 17, 2017
As you can see, there is a established trendline, a up trend, with a support level. Once the support level is broken, new trend starts. To help confirm a strong downtrend, wait till the regular moving average and price cross. Only buy after a major ...