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| Author: | tomele [ Sun Oct 08, 2017 7:54 pm ] |
| Post subject: | What are the best filters and triggers? |
Hey, all you brilliant brains at SHF. In preparation for a new little EA project, I would love to get your opinion. - What do you think are good trade triggers on the trading timeframe? - What do you think are good directional filters on higher timeframes? If you choose "Another indicator", please elaborate and write an answer in this thread. And of course I would like to read every idea you want to contribute. No knee capping. Thanks for attending. Thomas |
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| Author: | Letsarb [ Sun Oct 08, 2017 8:42 pm ] |
| Post subject: | What are the best filters and triggers? |
Hi Thomas, I follow Steve and Co since a while now, since the Forex factory period. I learnt a lot with all of you, especially about mql4 programming with EA like Awesome for example. I do not like using something I do not 100% understand (HGI) , this is why I decided to add a new feature in awesome based on momentum, a ratio between Macd and Bollinger Band level. This is my trigger and allows most of the trades to be very quickly in positive situation, Breakeven follows as it is not a big deal if the trades are sometimes closed at BE+1 or BE+2 as there are many many trades in a day. Those which are negative will be recovered (Recovery) or will be recovered with the fill the gap process. The daily superslope gives very quickly a very good idea for the trend and minimise the counter-trades number. Awesome EA allowed me to test this strategy with a lot of money management options and it seems working quite well. I know I still have progress to do in money management but it is the next step. I am still in test-phase with this 100% automated process, I just added the nuclear option that takes also into account the opened trades, the equity growth is the only important parameter for me, I hoped it will be used this week... This MM is according to me a very important point, to close every day as soon as 0,25% is done is the target or 1% a week. Thanks for your work ! Nicolas |
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| Author: | tomele [ Sun Oct 08, 2017 9:49 pm ] |
| Post subject: | What are the best filters and triggers? |
Can you provide a code snippet? |
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| Author: | DigitalCrypto [ Tue Oct 10, 2017 4:34 pm ] |
| Post subject: | What are the best filters and triggers? |
Visually I am a big fan of the McGinley Dynamic for long term trends. In my opinion it cannot be beaten. You can find it on TradingView charts. Never found it for (Empty4) |
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| Author: | tomele [ Tue Oct 10, 2017 6:10 pm ] |
| Post subject: | What are the best filters and triggers? |
Hi DC. When you search in forexfactory for thread 204858, is the result the indi you meant? How do you use it? Slope or price above/below? |
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| Author: | DigitalCrypto [ Tue Oct 10, 2017 8:25 pm ] |
| Post subject: | What are the best filters and triggers? |
Thank you for the reference to that indicator. It looks pretty close. I try not to spend much time on FF if at all possible. I use the MG 7/14 as a cross on the daily and/or H4 for trend direction. I've never been able to figure out a hard and fast rule to use it in an algo however. |
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| Author: | naruto2208 [ Wed Oct 11, 2017 1:27 pm ] |
| Post subject: | What are the best filters and triggers? |
Hi tomele, I 'm testing a system with SS W1 as filter and RSIOMA as trigger on TF H4. |
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| Author: | belka [ Wed Oct 11, 2017 3:46 pm ] |
| Post subject: | What are the best filters and triggers? |
Currently, I use Buy-Sell_Alerts & Rsioma indicators to identify directional filter on higher timeframe and trade trigger on trading H4 timeframe |
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