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What best indicator to entry signal and TREND?

  • #121
  • Jun 16, 2021 7:16pm Jun 16, 2021 7:16pm
There are many signal providers outthere and people will suggest many here but always always select a signal provider adter a lot research.
  • #122
  • Jun 16, 2021 7:44pm Jun 16, 2021 7:44pm
My strategy is based mostly on RSI and Moving Average. A good combination of RSI divergence and MA can show the short-term trend changes. Sure, the fundamentals are more important if you run for hundred pips, but very good for reaching some pips with each trades.
  • #123
  • Jun 17, 2021 6:01am Jun 17, 2021 6:01am
Quoting riskyachtar
what best indicator to entry signal and looking TRENd ? with TF 30m or 1H please help me
Everybody that said PRICE, you are correct, but then you didn't say how to read that PRICE

I say, do this:

Buy Signal
(1) The CLOSE of the current bar (1) must be higher than the HIGH of the previous bar (2)
(2) The CLOSE on this bar (1) must be higher than the HIGH of the bar three bars back (4)
(3) If those conditions are met, we have a BUY SIGNAL

Sell Signal
(1) The CLOSE of the current bar (1) must be lower than the LOW of the previous bar (2)
(2) The CLOSE on this bar (1) must be lower than the LOW of the bar three bars back (4)
(3) If those conditions are met, we have a SELL SIGNAL

What does that look like on a chart?

Well, you have to use one of those nasty indicators

But as this indicator is purely showing you where the PRICE closed, I don't think that it is so bad

Others may have their own opinions of course

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It takes a lot for me to IGNORE you, but you can try.
  • #124
  • Jun 18, 2021 10:09pm Jun 18, 2021 10:09pm
Quoting Erebus
{quote} Everybody that said PRICE, you are correct, but then you didn't say how to read that PRICE I say, do this: Buy Signal (1) The CLOSE of the current bar (1) must be higher than the HIGH of the previous bar (2) (2) The CLOSE on this bar (1) must be higher than the HIGH of the bar three bars back (4) (3) If those conditions are met, we have a BUY SIGNAL Sell Signal (1) The CLOSE of the current bar (1) must be lower than the LOW of the previous bar (2) (2) The CLOSE on this bar (1) must be lower than the LOW of the bar three bars back (4) (3)...
Simple and effective. I would use this strategy in the direction of the trend from one time frame higher. For example, if I am trading on the 4HR, then I would use the Daily as my directional reference point. If I am trading on the 1HR, then I would use the 4HR as my directional reference point. However, there would be times when I would go against the trend, but only under special circumstances.
Learn from your mistakes and march on.
  • #125
  • Jun 19, 2021 8:11pm Jun 19, 2021 8:11pm
Quoting here2there
{quote} Simple and effective. I would use this strategy in the direction of the trend from one time frame higher. For example, if I am trading on the 4HR, then I would use the Daily as my directional reference point. If I am trading on the 1HR, then I would use the 4HR as my directional reference point. However, there would be times when I would go against the trend, but only under special circumstances.
Every-one is doing it but multi-time-frame analysis is probably one of the number one reasons traders lose. They use time frames like another indicator because they have little or no grasp on price action. Erebus has a grasp on price action and therefore he does not need an indicator nor another time frame.

What is so special about the 4 hour to trade the 1hr? What is so special about the Daily to trade the 4hr? Oh I know....because those are the time frames MT4 uses. You have to use the daily because there is no time frame between the 4h and the daily. Same for there being no other time frame between the 1 hr and the 4 hr. Interesting how the platform dictates.

Here's a revelation. The trend on the very time frame you're looking at is the only valid trend you need to worry about. Trends on time frames above or below are irrelevant.
  • #126
  • Jun 19, 2021 8:21pm Jun 19, 2021 8:21pm
Quoting Winston Reed
{quote} Every-one is doing it but multi-time-frame analysis is probably one of the number one reasons traders lose. They use time frames like another indicator because they have little or no grasp on price action. Erebus has a grasp on price action and therefore he does not need an indicator nor another time frame.
If you see an engulfing candle on a Daily chart, what do you think the logical thing is to do on the 4HR?

If people are failing using multi-time-frame analysis, it's not because the strategy doesn't work. There is a right way to do it, and then there is a wrong way to do it.
Learn from your mistakes and march on.
  • #127
  • Jun 19, 2021 8:36pm Jun 19, 2021 8:36pm
Quoting Winston Reed
{quote} If you see an engulfing candle on a Daily chart, what do you think the logical thing is to do on the 4HR?: Nothing. What happens on the 4hr that suggests you should trade? If I'm trading the 4hr and I see an engulfing on the 4 hr then perhaps I enter a trade. I could care less what the daily shows. Theres no right way. It's dogma spread throughout these threads. It doesn't work. It's false security. Nothing else.
If I see a bullish engulfing candle on the Daily, then I will be looking for an entry on the 4HR to go long. It works for me.

Much more can be said on this topic, but I will refrain, because you have apparently already determined that no other view but yours is right.
Learn from your mistakes and march on.
  • #128
  • Jun 20, 2021 6:50am Jun 20, 2021 6:50am
Quoting Erebus
{quote} Everybody that said PRICE, you are correct, but then you didn't say how to read that PRICE I say, do this: Buy Signal (1) The CLOSE of the current bar (1) must be higher than the HIGH of the previous bar (2) (2) The CLOSE on this bar (1) must be higher than the HIGH of the bar three bars back (4) (3) If those conditions are met, we have a BUY SIGNAL Sell Signal (1) The CLOSE of the current bar (1) must be lower than the LOW of the previous bar (2) (2) The CLOSE on this bar (1) must be lower than the LOW of the bar three bars back (4) (3)...
The logic is here explained in the complete other way:
https://slideplayer.com/slide/6223784/
Vucking good EA coder... https://t.ly/AZjRM
  • #129
  • Jun 20, 2021 8:38am Jun 20, 2021 8:38am
Quoting reteid2222
{quote} The logic is here explained in the complete other way: https://slideplayer.com/slide/6223784/
i will cry all night tonight :'(
  • #130
  • Jun 20, 2021 6:21pm Jun 20, 2021 6:21pm
Quoting reteid2222
{quote} The logic is here explained in the complete other way: https://slideplayer.com/slide/6223784/
Let's see if I can explain my logic in 2 charts, picture is worth 1,000 words



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It takes a lot for me to IGNORE you, but you can try.
  • #131
  • Jun 20, 2021 6:41pm Jun 20, 2021 6:41pm
Still bearish the next day?

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It takes a lot for me to IGNORE you, but you can try.
  • #132
  • Jun 21, 2021 2:30am Jun 21, 2021 2:30am
Any rules of the candle colors? Only that the buy bar close is higher than the 3 before....rule 2 includes rule 1 from my point of view...
Vucking good EA coder... https://t.ly/AZjRM
  • #133
  • Jun 21, 2021 3:37am Jun 21, 2021 3:37am
Color of the candle may or may not be important as it depends upon the pattern you are trading for example inverted hammer then color of the candle is not so important.
  • #134
  • Jun 21, 2021 3:52am Jun 21, 2021 3:52am
Quoting reteid2222
Any rules of the candle colors? Only that the buy bar close is higher than the 3 before....rule 2 includes rule 1 from my point of view...
Let me check...

Buy Signal
(1) The CLOSE of the current bar (1) must be higher than the HIGH of the previous bar (2)
(2) The CLOSE on this bar (1) must be higher than the HIGH of the bar three bars back (4)
(3) When those conditions are met, we have a BUY SIGNAL

Sell Signal
(1) The CLOSE of the current bar (1) must be lower than the LOW of the previous bar (2)
(2) The CLOSE on this bar (1) must be lower than the LOW of the bar three bars back (4)
(3) When those conditions are met, we have a SELL SIGNAL

NO, not mention of color

I have seen where bar 3 does spike up so perhaps that is the logic of Rule 2.

In any case, it seems logical to me and the math is straightforward

And you are vucking good EA coder

It takes a lot for me to IGNORE you, but you can try.
  • #135
  • Jun 21, 2021 4:01am Jun 21, 2021 4:01am
Quoting reteid2222
Any rules of the candle colors? Only that the buy bar close is higher than the 3 before....rule 2 includes rule 1 from my point of view...
here is an example of a spike on Bar 3 back

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It takes a lot for me to IGNORE you, but you can try.
  • #136
  • Jun 21, 2021 12:05pm Jun 21, 2021 12:05pm
Quoting reteid2222
{quote} The logic is here explained in the complete other way: https://slideplayer.com/slide/6223784/
can anyone convert this code in to Ctrader (Cbot) or mt5...
thanks in advance..
//@version=4
strategy("My Strategy", overlay=true)
ema5 = ema(close, 9)
ema20 = ema(close, 21)
ema50 = ema(close, 55)
//RSI Signals
// Get user input
rsiSource = close
rsiLength = 14
rsiOverbought = 70
rsiOversold = 30
rsiMid = 50
// Get RSI value
rsiValue = rsi(rsiSource, rsiLength)
//See if RSI crosses 50
doBuy = crossover(rsiValue, rsiOversold) and rsiValue < 50
doSell = crossunder(rsiValue, rsiOverbought) and rsiValue > 50
emacrossover = crossover(ema5, ema20) and ema5 > ema50 and ema20 > ema50 and close > ema50
emacrossunder = crossunder(ema5, ema20) and ema5 < ema50 and ema20 < ema50 and close < ema50
//Entry and Exit
longCondition = emacrossover
closelongCondition = doSell
strategy.entry("Long", strategy.long, 10000.0, when=longCondition)
strategy.close("Long", when=closelongCondition)

shortCondition = emacrossunder
closeshortCondition = doBuy
strategy.entry("Short", strategy.short, 10000.0, when=shortCondition)
strategy.close("Short", when=closeshortCondition)
  • #137
  • Jun 22, 2021 9:29pm Jun 22, 2021 9:29pm
Not to be obsessive about this pair, but here is an example of how you might anticipate a reversal with confirmation using the closing price

Obviously, yesterday was never going to meet the rules with a close above 4 bars before at "X"

However, there is a chance of today bar closing above yesterday and meeting the other rules

This would confirm the possibility of a trend change, we could watch for short term buy trades during the day

And if it doesn't close above, perhaps we would watch for short term sell trades on Thursday and Friday, it could collapse right back down

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Where is my coder? All went silent for a few days

It takes a lot for me to IGNORE you, but you can try.
  • #138
  • Jun 30, 2021 10:11pm Jun 30, 2021 10:11pm
Back then they loss couples of gallardo
  • #139
  • Nov 25, 2021 2:33pm Nov 25, 2021 2:33pm
Quoting Erebus
{quote} Everybody that said PRICE, you are correct, but then you didn't say how to read that PRICE I say, do this: Buy Signal (1) The CLOSE of the current bar (1) must be higher than the HIGH of the previous bar (2) (2) The CLOSE on this bar (1) must be higher than the HIGH of the bar three bars back (4) (3) If those conditions are met, we have a BUY SIGNAL Sell Signal (1) The CLOSE of the current bar (1) must be lower than the LOW of the previous bar (2) (2) The CLOSE on this bar (1) must be lower than the LOW of the bar three bars back (4) (3)...
please tell me what are the rules for stop loss?
  • #140
  • Dec 6, 2021 6:01am Dec 6, 2021 6:01am
Hey! @rsp13.Here are the most crucial rules which you can follow while using a stop loss:

  1. Always calculate your risk tolerance before placing a stop loss as it will help you to understand how much you are fine losing if the market turns against you.
  2. Make sure that your stop loss is neither too tight or too wide. Placing a tight stop loss means your market order will be triggered very quickly without giving enough scope to earn a profit. Setting a wide stop loss is like setting no stop loss at all.
  3. Even though it is possible to move a stop loss, you need to have strong self control in checking yourself from moving the stop loss in a fit of emotions.
  4. Try to pair it with a trailing stop loss as it will add more units to your open position if the price increases.

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