Introducing the PM Forex Strategy:
P - Price Action
M- NonLagMA
Entry:
Illustration 1.
http://img441.imageshack.us/img441/7005/forex.jpg
BUY:
1. When candle 1 closed, the NonLagMa will turn GREEN.
2. Wait for confirmation - if candle 2 closed and the MA is still GREEN.
3. Open a BUY at the open of candle 3
SELL:
1. When candle a closed, the NonLagMa will turn RED.
2. Wait for confirmation - if candle b closed, and the MA is still RED.
3. Open a SELL at the open of candle c.
EXIT:
Illustration 2. Sample of Winning trade as we exit
http://img822.imageshack.us/img822/3898/forexj.jpg
Two ways to EXIT the trade: (we opened a BUY trade on the open of Candle 3), and we exit the trade whether positive/negative pips.
1. On a BUY trade, when we see 3 consecutive candles with LOWER HIGHS, we exit on the open of the following candle. On a SELL trade, when we see 3 consecutive candles with HIGHER LOWS, we exit on the open of the following candle.
OR,
2. On a BUY trade, when the NonLagMA changed to RED was confirmed, we EXIT the trade. On a SELL trade, when the NonLagMA changed to GREEN was confirmed, we EXIT the trade.
- Whichever comes first. In this case, we were supposed to exit the trade "earlier," and did not wait for the NonLagMA to change color.
Illustration 3. Sample of losing trade as we exit.
http://img31.imageshack.us/img31/7005/forex.jpg
As we open the trade at the open of the Candle 3, the next candle closed against our position, and NonLagMA changed color, therefore we exit the trade on a loss at the open of the next candle.
LOTSIZE (updated June 25, 2010):
Lot size will depend on the equity and the minimum allowed by broker.
We will use the 1:1000 integrity for opening the trade. Meaning, the lot size of 0.001 of the equity is to be used everytime we open a new trade.
Example, if our equity is 1000 usd, we will use 1usd per pip. As the equity grows, so will our lot size. Roundup to the nearest dollar.
Let us say the minimum lot size allowed by our broker is 0.01 (10 cents per pip) and our equity is 128 usd, therefore we open 0.01 lot size only.
If our equity reached 151 usd, we open a 0.02 lot size, because we rounded up the lot size.
So far, manual testing from May 1 - June 18 EURUSD on m30 timeframe yielded some 2000 pips. M15 timeframe around 1800 pips. I was hoping someone can make an EA, so together we can test other pair and other timeframes.
Here's the best part, using the "variable" 0.1% of the equity as the lot size, the 10k usd demo account grew to 96k usd!!!
June 26, 2010 Update:
1. PMforex_NonLagMA_v1 made by EllisEdi (updated - http://www.forexfactory.com/showpost...8&postcount=71)
2. MTF-NonLagMAv7.1_4TF_Bar and NonLagMAv7.1 must be downloaded together (MTF untested, with some errors reported)
3. Candle_Time shows the time left before the candle closes
4. #MarketPrice shows the current price in nice big font. Since I dont know how to use most of the indicators that comes with it, I usually turn the OTHER SETTING off - http://www.forexfactory.com/showpost...2&postcount=90
June 27, 2010 Update:
1. Removed the MTF-NonLagMAv7.1 and the NonLagMAv7.1, though it can still be found here, as posted by Vince-AC - http://www.forexfactory.com/showpost...6&postcount=51
2. Adaptive Laguerre Filter indicator uploaded, from LouG's ALF thread - http://www.forexfactory.com/showthread.php?t=239353
July 3, 2010 Update:
1. Removed the following indicators CANDLE TIME and MARKET PRICE, but it can be accessed thru http://www.forexfactory.com/showpost...&postcount=407. Also added the TRENDLINES indicator as uploaded by Syahmi.
2. Added the MP (multi-period) and MTF (multi time frame) NLMA indicator, as uploaded by gspe - http://www.forexfactory.com/showpost.php?p=3848753
3. Reminder, other NLMA versions can be found here, as uploaded by Vince-AC - http://www.forexfactory.com/showpost.php?p=3828616. The NLMAdot indicator is also added in the list - http://www.forexfactory.com/showpost.php?p=3845355
4. Adaptive Laguerre Filter indicator was removed, but there's a more comprehensive discussion here at LouG's ALF thread - http://www.forexfactory.com/showthread.php?t=239353
5. Uploaded a new PMforex template for your perusal.
http://img97.imageshack.us/img97/638/forexg.jpg
SETTINGS:
1. EU (could be other pairs)
2. m15 (could be other TF)
3. MP-NLMA - 7,21,84,336
4. MTF-NLMA - m15, m30, h1, h4
As per suggestion, to avoid CPU overload, you can delete one of the MP or MTF indicator.
ENTRY:
1. If either MP-NLMA or MTF-NLMA has 4 green bars (BUY), or 4 blue bars (SELL), we open a trade.
TP:
1. Usually 10-15 pips. But it all depends on the experience of the trader. Another option is if any 1 or 2 of the MP/MTF bars change colors.
EXIT/SL :
1. Still using the Illustration 2 as shown above.
2. Under study: Use the semafor and Heiken Ashi as exit strategy, as being used by Fokusnik - http://www.forexfactory.com/showpost...&postcount=393
NOTE: If EllisEdi has some free time, and he read this, I hope he can help us come up with the new EA. This existing EA he developed can be found here - http://www.forexfactory.com/showpost.php?p=3835215
August 19, 2010 Update:
1. Added the nice THV Coral indicator, as explained by NiceGuy from this post onwards - http://www.forexfactory.com/showpost...&postcount=554 (Indicator posted by maxwell-eqtn - http://www.forexfactory.com/showpost...&postcount=621)
September 4, 2010 Update:
1. Removed 4BARS-MP-NLMA 1.01.mq4, as NLMA is more useful, and if put together, they eat a lot of cpu resources. But the MP-NLMA indi can still be found here - http://www.forexfactory.com/showpost.php?p=3848753
2. New version of #Market Price (no need for CandleTime indicator), as modified/posted by ducke - http://www.forexfactory.com/showpost...&postcount=686 - #MarketPrice.mq4
3. Nice, sweet and short summaries, as posted by NiceGuy here:
http://www.forexfactory.com/showpost...&postcount=632
http://www.forexfactory.com/showpost...&postcount=654
http://www.forexfactory.com/showpost...&postcount=701
4. New MTF-NLMAv2 by EllisEdi, but "untested" in live environment yet - http://www.forexfactory.com/showpost...&postcount=691 - 4BARS-MTF-NLMA 2.mq4
UPDATED Entry Rules:
http://i54.tinypic.com/35mm9vp.jpg
1. Make a BUY/SELL trade with the direction of the arrow (as provided for by the MTF-NLMA indicator), on the NEXT CANDLE, after the arrow have shown up.
2. Filters:
- PA candle must be small
- PA must be near the TH4 Coral
Look at the samples, the ones with the GREEN lines are good entry points. The ones with RED lines are bad entry points.
Ignore the green/red vertical lines, they indicate london open/close hours; as posted by jimsforex - http://www.forexfactory.com/showpost...&postcount=711
.
P - Price Action
M- NonLagMA
Entry:
Illustration 1.
http://img441.imageshack.us/img441/7005/forex.jpg
BUY:
1. When candle 1 closed, the NonLagMa will turn GREEN.
2. Wait for confirmation - if candle 2 closed and the MA is still GREEN.
3. Open a BUY at the open of candle 3
SELL:
1. When candle a closed, the NonLagMa will turn RED.
2. Wait for confirmation - if candle b closed, and the MA is still RED.
3. Open a SELL at the open of candle c.
EXIT:
Illustration 2. Sample of Winning trade as we exit
http://img822.imageshack.us/img822/3898/forexj.jpg
Two ways to EXIT the trade: (we opened a BUY trade on the open of Candle 3), and we exit the trade whether positive/negative pips.
1. On a BUY trade, when we see 3 consecutive candles with LOWER HIGHS, we exit on the open of the following candle. On a SELL trade, when we see 3 consecutive candles with HIGHER LOWS, we exit on the open of the following candle.
OR,
2. On a BUY trade, when the NonLagMA changed to RED was confirmed, we EXIT the trade. On a SELL trade, when the NonLagMA changed to GREEN was confirmed, we EXIT the trade.
- Whichever comes first. In this case, we were supposed to exit the trade "earlier," and did not wait for the NonLagMA to change color.
Illustration 3. Sample of losing trade as we exit.
http://img31.imageshack.us/img31/7005/forex.jpg
As we open the trade at the open of the Candle 3, the next candle closed against our position, and NonLagMA changed color, therefore we exit the trade on a loss at the open of the next candle.
LOTSIZE (updated June 25, 2010):
Lot size will depend on the equity and the minimum allowed by broker.
We will use the 1:1000 integrity for opening the trade. Meaning, the lot size of 0.001 of the equity is to be used everytime we open a new trade.
Example, if our equity is 1000 usd, we will use 1usd per pip. As the equity grows, so will our lot size. Roundup to the nearest dollar.
Let us say the minimum lot size allowed by our broker is 0.01 (10 cents per pip) and our equity is 128 usd, therefore we open 0.01 lot size only.
If our equity reached 151 usd, we open a 0.02 lot size, because we rounded up the lot size.
So far, manual testing from May 1 - June 18 EURUSD on m30 timeframe yielded some 2000 pips. M15 timeframe around 1800 pips. I was hoping someone can make an EA, so together we can test other pair and other timeframes.
Here's the best part, using the "variable" 0.1% of the equity as the lot size, the 10k usd demo account grew to 96k usd!!!
June 26, 2010 Update:
1. PMforex_NonLagMA_v1 made by EllisEdi (updated - http://www.forexfactory.com/showpost...8&postcount=71)
2. MTF-NonLagMAv7.1_4TF_Bar and NonLagMAv7.1 must be downloaded together (MTF untested, with some errors reported)
3. Candle_Time shows the time left before the candle closes
4. #MarketPrice shows the current price in nice big font. Since I dont know how to use most of the indicators that comes with it, I usually turn the OTHER SETTING off - http://www.forexfactory.com/showpost...2&postcount=90
June 27, 2010 Update:
1. Removed the MTF-NonLagMAv7.1 and the NonLagMAv7.1, though it can still be found here, as posted by Vince-AC - http://www.forexfactory.com/showpost...6&postcount=51
2. Adaptive Laguerre Filter indicator uploaded, from LouG's ALF thread - http://www.forexfactory.com/showthread.php?t=239353
July 3, 2010 Update:
1. Removed the following indicators CANDLE TIME and MARKET PRICE, but it can be accessed thru http://www.forexfactory.com/showpost...&postcount=407. Also added the TRENDLINES indicator as uploaded by Syahmi.
2. Added the MP (multi-period) and MTF (multi time frame) NLMA indicator, as uploaded by gspe - http://www.forexfactory.com/showpost.php?p=3848753
3. Reminder, other NLMA versions can be found here, as uploaded by Vince-AC - http://www.forexfactory.com/showpost.php?p=3828616. The NLMAdot indicator is also added in the list - http://www.forexfactory.com/showpost.php?p=3845355
4. Adaptive Laguerre Filter indicator was removed, but there's a more comprehensive discussion here at LouG's ALF thread - http://www.forexfactory.com/showthread.php?t=239353
5. Uploaded a new PMforex template for your perusal.
http://img97.imageshack.us/img97/638/forexg.jpg
SETTINGS:
1. EU (could be other pairs)
2. m15 (could be other TF)
3. MP-NLMA - 7,21,84,336
4. MTF-NLMA - m15, m30, h1, h4
As per suggestion, to avoid CPU overload, you can delete one of the MP or MTF indicator.
ENTRY:
1. If either MP-NLMA or MTF-NLMA has 4 green bars (BUY), or 4 blue bars (SELL), we open a trade.
TP:
1. Usually 10-15 pips. But it all depends on the experience of the trader. Another option is if any 1 or 2 of the MP/MTF bars change colors.
EXIT/SL :
1. Still using the Illustration 2 as shown above.
2. Under study: Use the semafor and Heiken Ashi as exit strategy, as being used by Fokusnik - http://www.forexfactory.com/showpost...&postcount=393
NOTE: If EllisEdi has some free time, and he read this, I hope he can help us come up with the new EA. This existing EA he developed can be found here - http://www.forexfactory.com/showpost.php?p=3835215
August 19, 2010 Update:
1. Added the nice THV Coral indicator, as explained by NiceGuy from this post onwards - http://www.forexfactory.com/showpost...&postcount=554 (Indicator posted by maxwell-eqtn - http://www.forexfactory.com/showpost...&postcount=621)
September 4, 2010 Update:
1. Removed 4BARS-MP-NLMA 1.01.mq4, as NLMA is more useful, and if put together, they eat a lot of cpu resources. But the MP-NLMA indi can still be found here - http://www.forexfactory.com/showpost.php?p=3848753
2. New version of #Market Price (no need for CandleTime indicator), as modified/posted by ducke - http://www.forexfactory.com/showpost...&postcount=686 - #MarketPrice.mq4
3. Nice, sweet and short summaries, as posted by NiceGuy here:
http://www.forexfactory.com/showpost...&postcount=632
http://www.forexfactory.com/showpost...&postcount=654
http://www.forexfactory.com/showpost...&postcount=701
4. New MTF-NLMAv2 by EllisEdi, but "untested" in live environment yet - http://www.forexfactory.com/showpost...&postcount=691 - 4BARS-MTF-NLMA 2.mq4
UPDATED Entry Rules:
http://i54.tinypic.com/35mm9vp.jpg
1. Make a BUY/SELL trade with the direction of the arrow (as provided for by the MTF-NLMA indicator), on the NEXT CANDLE, after the arrow have shown up.
2. Filters:
- PA candle must be small
- PA must be near the TH4 Coral
Look at the samples, the ones with the GREEN lines are good entry points. The ones with RED lines are bad entry points.
Ignore the green/red vertical lines, they indicate london open/close hours; as posted by jimsforex - http://www.forexfactory.com/showpost...&postcount=711
.
Attached File(s)
4BARS-MTF-NLMA 1.03.mq4
15 KB
|
3,155 downloads
|
Uploaded Jul 3, 2010 8:44pm
NonLagMA_v7.1.mq4
6 KB
|
3,176 downloads
|
Uploaded Jul 3, 2010 8:57pm
nonlagdot.mq4
5 KB
|
2,286 downloads
|
Uploaded Jul 3, 2010 8:57pm
THV4 Coral [email protected]
5 KB
|
2,121 downloads
|
Uploaded Aug 18, 2010 9:42pm