10.6 EDSEL

Post by **nanningbob** » Tue Apr 01, 2014 3:20 am

Actually setting TMA/COG to 28 does what I am looking for.

Post by **zentauro67** » Tue Apr 01, 2014 3:54 am

You can also try this. Just edit the 60 MA and add two levels: 600 and -600 or whatever you want. Quite simple.

Imagen 001.jpg

Post by **nanningbob** » Tue Apr 01, 2014 3:58 am

zentauro67 » Tue Apr 01, 2014 11:54 am wrote:You can also try this. Just edit the 60 MA and add two levels: 600 and -600 or whatever you want. Quite simple.

Yes but every currency has a different range and the range changes. So you need something that flexes the outer bands but not like the BB but like COG or TMA does.

Post by **zentauro67** » Tue Apr 01, 2014 4:12 am

You can use the ATR channels, muting to "none" the color of the outer bands and letting visible only the inner ones.

Imagen 002.jpg

ATR Channels.mq4

Post by **SpiderX** » Tue Apr 01, 2014 4:15 am

nanningbob » Tue Apr 01, 2014 10:56 am wrote:Is it possible to put a band on a moving average that is similar to the COG or TMA where the bands are based on ATR or something similar. Bollinger Bands widen and narrow too much and every currency has its own distance from the center. So I guess a COG/TMA based on a moving average for the center line but the outer bands based on a COG/TMA readings. This would be give a better back test I guess. Just an idea if someone knows if something like this exists. Here is the 60 MA with 100 pips on each side but every currency's outer bands should be different and not the same. See pic for the basic idea based on 60 MA.

Hi Bob,

How about Keltner Channels ?

http://stockcharts.com/school/doku.php? ... r_channels
http://www.forexfactory.com/showthread.php?t=22422

Cheers

IamTHAT · Post by **IamTHAT** » Tue Apr 01, 2014 4:20 am

nanningbob » Tue Apr 01, 2014 9:28 am wrote:
zentauro67 » Tue Apr 01, 2014 11:54 am wrote:You can also try this. Just edit the 60 MA and add two levels: 600 and -600 or whatever you want. Quite simple.

Yes but every currency has a different range and the range changes. So you need something that flexes the outer bands but not like the BB but like COG or TMA does.

I think Starc Bands are based on ATR

Post by **nanningbob** » Tue Apr 01, 2014 4:38 am

zentauro67 » Tue Apr 01, 2014 12:12 pm wrote:You can use the ATR channels, muting to "none" the color of the outer bands and letting visible only the inner ones.

Sorry but that is not even close those lines are all over the place. See my example where the lines are smooth and the distance even. The lines adjust to each pair based on volatility.

Post by **SpiderX** » Tue Apr 01, 2014 4:51 am

nanningbob » Tue Apr 01, 2014 12:38 pm wrote:
Sorry but that is not even close those lines are all over the place. See my example where the lines are smooth and the distance even. The lines adjust to each pair based on volatility.

Hi Bob,

The smoothness of the lines depends on the settings for the middle line.
Maybe you need a hybrid with TMA in the center and then outerbands are offset based on ATR.

Cheers

Post by **nanningbob** » Tue Apr 01, 2014 6:09 am

nanningbob » Mon Mar 31, 2014 1:05 pm wrote:It finally became true. For those who know you will understand. Remember your very trading career may hinge on this.

Here is a hint to my picture.

[youtube]http://www.youtube.com/watch?v=kTcRRaXV-fg[/youtube]

Post by **Skyline** » Tue Apr 01, 2014 7:39 am

nanningbob » Mon Mar 31, 2014 11:50 pm wrote:Two years WOW!!! However there are guys that run hedge funds and they have gridded the entire distance of a currency. In other words if price goes up they win and price goes down they win and they basically have a permanent fixed DD. Since they dont leverage or leverage is small their swap costs are nothing. Their bottom line just keeps going up slowly year after year. I had an account set up using one penny lots trading both ways and setting profit at 100 pips. That means 1.00 profit every time price move 100 pips in any direction. You take a pair like aud/nzd or something with almost no swap cost and has had a range of 3000 pips over its history and you have 30 trades going both directions. You are always hedged so the DD becomes permanently set. Then its nothing but winners from then on out. Every time a broker or bank spikes price you win. 100 up 100 down two winners. It is an interesting way to trade. I tried it once and was getting my grid going and my balance almost kept up with the growing DD. Then when the DD was set it was all profit. However, hedging was banned in the USA and that was that. I hadnt done it long enough to finish the test but I could see it would work. chf/jpy and eur/chf between each other has a very minumum swap.

Hi Bob, interesting trading approach, so for example given that actually audnzd high to low range is around 4000 pips, do you place 40 trades both buy and sell at 100 pips distance with tp = 100 and sl = 0 ?

Ty,
Regards,
Skyline