MTF Trading System - fxozgirl Higher Time Frame spinoff

[Cherry]

Getting interesting with the sell arrow gone off the AUDNZD weekly chart. The MA histo cross still shows last week as a 'red' signal but going on the arrows we are now still in an up trend as 3 never crossed down 8?! Daily heading up, potentially back to the 3 ma on W1. We'll see what the close of today's candle brings.

[fxozgirl]

Getting interesting with the sell arrow gone off the AUDNZD weekly chart. The MA histo cross still shows last week as a 'red' signal but going on the arrows we are now still in an up trend as 3 never crossed down 8?! Daily heading up, potentially back to the 3 ma on W1. We'll see what the close of today's candle brings.

Hmm...yes that is interesting! That's the first time I have seen the signal 'repaint' as such...I was under the impression once the weekly candle closed the signal was confirmed.

For now, I will hold the trade as it was taken based on the signal at that time

[fxozgirl]

Current balance: $6231.97
Floating balance: $6130.70 (approx -194 pips)

Current open trades:
AUDNZD Sell 22/9 -45 pips
AUDUSD Sell 23/9 -17 pips
GBPJPY Buy 24/9 -33 pips
GBPNZD Buy 24/9 -145 pips
NZDUSD Sell 23/9 +35 pips
USDCAD Buy 23/9 +11 pips

New trades taken today:

EURUSD Sell
Re-entry trade into an existing up trend
1 pull back candle, followed by 2 closed candles in the direction of the trend
3SMMA is below 8SMMA
Trigger candle has closed below 3SMMA
Multi MA - 4 red dots

eurusd_daily(2)_mtf.png

USDCHF Buy
Re-entry trade into an existing up trend
1 pull back candle, followed by 2 closed candles in the direction of the trend
3SMMA is above 8SMMA
Trigger candle has closed above 3SMMA
Multi MA - 4 yellow dots

usdchf_daily_mtf.png

USDJPY Buy
Re-entry trade into an existing up trend
1 pull back candle, followed by 2 closed candles in the direction of the trend
3SMMA is above 8SMMA
Trigger candle has closed above 3SMMA
Multi MA - 4 yellow dots

usdjpy_daily_mtf.png

[intcust]

Hmm...yes that is interesting! That's the first time I have seen the signal 'repaint' as such...I was under the impression once the weekly candle closed the signal was confirmed.


maybe some can look at code and see if it can be programed not to repaint after candle close. No way to back test if it repaints and the could be the least of the problems. What we need to look at is how often the repaint between all the MA dots lining up? Arrow is just one of the things that has to happen to take the trade.

[Cherry]

I believe this is one of the reasons that Dave gave us the cross over histo indi as it doesn't repaint after the bar closes. From what I can see that's the way it is.

[spotdespot]

I believe this is one of the reasons that Dave gave us the cross over histo indi as it doesn't repaint after the bar closes. From what I can see that's the way it is.

If you prefer arrows I am pretty sure this one doesn't repaint - from the same guys at forex-tsd - mladen and co.

If you set alerts on current to false it will only alert at the close of the week. Once the week is closed that should be it fixed.

Timeframe settings should be obvious.

Cheers,
Dave.

[intcust]

What is the take on ej. It looks like new up candle on weekly and down on day. so we wait for the up candles and ma chart to go all yellow. If it goes it should be very big. Especially if the fox is loading up for the long right now with this turn down. I think this will be good test on a volatile pair.

[intcust]

fxozgirl,

demo looks good how if the yen and kiwi get on board could do another 10 percent by month end. Everyone look at the equity chart vs the balance. They are almost parallel this shows very little draw down and profit taking near optimum. very good so far thanks to you and John's hard work.

incust

[fxozgirl]

What is the take on ej. It looks like new up candle on weekly and down on day. so we wait for the up candles and ma chart to go all yellow. If it goes it should be very big. Especially if the fox is loading up for the long right now with this turn down. I think this will be good test on a volatile pair.

Definitely wait for the signals to be verified first on daily...

IMO this pair is a bit tricky to trade at the moment, the EUR is down and going further down and the Japanese are doing what they can to push the yen down...very much trading in ebbs & flows with this pair

[fxozgirl]

Current balance: $6231.97
Floating balance: $6130.70 (approx -194 pips)

Current open trades:
AUDNZD Sell 22/9 -45 pips
AUDUSD Sell 23/9 -17 pips
GBPJPY Buy 24/9 -33 pips
GBPNZD Buy 24/9 -145 pips
NZDUSD Sell 23/9 +35 pips
USDCAD Buy 23/9 +11 pips

Current balance: $6225.53
Floating balance: $6435.69 (approx +211 pips)

Current open trades:
AUDNZD Sell 22/9 -135 pips
AUDUSD Sell 23/9 +79 pips
EURUSD Sell 25/9 +28 pips
GBPJPY Buy 24/9 -107 pips
GBPNZD Buy 24/9 +205 pips JS moved to +100 pips
NZDUSD Sell 23/9 +188 pips JS moved to +100 pips
USDCAD Buy 23/9 +64 pips
USDCHF Buy 25/9 +8 pips
USDJPY Buy 25/9 -30 pips

New trade opened today:

GBPUSD Sell
Re-entry trade into an existing up trend
2 pull back candles, followed by 2 closed candles in the direction of the trend
3SMMA is below 8SMMA
Trigger candle has closed below 3SMMA
Multi MA - 4 red dots

gbpusd_daily_mtf(3).png

This trade is one that you could be 'discretionary' about the entry mainly because the 3SMMA is only just below the 8SMMA...if you wanted to be cautious you could wait another day for a stronger signal from the MA however for the purpose of testing, I decided to take the trade.

Of course the other decision is what to do with the AUDNZD???