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| 10.2 Definitions - Foundation for the Future https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=701 |
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| Author: | Bunker [ Tue Aug 28, 2012 11:36 pm ] |
| Post subject: | Re: 10.2 Definitions - Foundation for the Future |
Hi Allonso, Thank you for your post. Unfortunately, my day job doesn’t allow me to test any strategies below H1 TF. I actually revert to H4. I have been using TMA True slope with LWMA 5.1 and realized that it was providing me with the same information as MACD (5,16,5). The MACD version I use changes color (red, yellow, green) depending on the angle. This is why I like using it. I also use a MACD alert when there is a crossover. These H4 MACD crossovers combined with the candle crossing the D1 pivot are my signal to open a trade. In terms of direction, I was using D1 slope with LWMA 21 until I realize that it provides me with the same info as D1 MACD. So now, I use D1 MACD. When green = Trade only Long, when red = trade only Short. See picture below, I plot the 2 H4 (MACD and Slope) and the 2 D1 (MACD and Slope). The information is pretty close! Since this strategy doesn’t use the slope, I am planning to provide more details in a new thread. I am just gathering some results first. Please let us know about your findings using the slope with lower TF. Cheers! Bunker |
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| Author: | Bunker [ Sat Sep 01, 2012 12:56 pm ] |
| Post subject: | Re: 10.2 Definitions - Foundation for the Future |
Hello Fellow Traders, Most of the time, a strategy leads to another, and then comes a new indicator that leads to another strategy and so on… you know how it goes… I will not describe my entire train of thought on how I came up with this strategy, but it all started with the TMA slope indicators although the strategy isn’t using any of those. I read on this AWSOME Forum about the concept of using the slope for identifying the direction which requires 2 points in time. That definitely caught my attention (many strategies use the TMA Slope value at a specific point in time). Based on that “directional” concept, I was planning to ask the indis-geniuses to configure the TMA slope so we get different colors when D1 Slope changes direction in comparison to the previous day. In the meantime, I realized that MACD was providing information that is pretty close to the D1 slope and EMA 21 crossover (when properly configured - see previous post). And I did have a MACD indi that changed color with direction. So I use that as my trend direction indicator. But Direction is only one piece of the puzzle. To this, we have to add 2 elements: The entry/exit point and the market momentum. I was able to generate the attached results with a strategy that combine these 3 elements - Entry/extit - Direction - Momentum. Since I don’t use the TMA slope for that strategy, I explain it in greater details in this thread. http://www.stevehopwoodforex.com/phpBB3 ... 439#p22439 Cheers ! Bunker |
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