The "XO"-Method......... - page 13
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Change the settings to: 60/7 ; 30/7; 15/7 and 5/10. This looks very promising indeed.
QUOTE]
Hi! i am testing this indicators too. Can you explain the change in the settings please?
Change the settings to: 60/7 ; 30/7; 15/7 and 5/10. This looks very promising indeed.
QUOTE]
Hi! i am testing this indicators too. Can you explain the change in the settings please?Thank you for testing. It is based on my observations over the last week especially during choppy periods. I am attaching this quick trade so that you can see what I mean.
Entry @ 8:39 am est GBP/USD
For your perusal and kind comments.
Hi Valeo, I attempted to send you a reply pm today but after I sent it it said "this members inbox is too full to receive anymore messages they need to empty inbox to create more space" or something to that effect. I'll try again tomorrow. cheers, Goldensight
Valeo, I have two camarilla mq4 in my toolbox and used to have the one that you have. I have been searching for the one that you have in a few of your posts, could you post that specific camarilla here so that I can use it? Thanks for considering that.
For your perusal and kind comments.
hi Valeo...
Thank you for this fantastic method...
Could u please post your template?
Thank you
Some significant statistics
EUR/USD (24 hour time period)
Using the criteria in this post we have 13 opportunities for good trades.
Assorted Observations:
** I've noticed the ASCTrend indicator together with Woodie's Double CCI work rather well in conjunction. When the ASCTrend happens to signal as the CCI is first indicating a trend change, either right on the zero line, or only 1 bar to the right of it, those signals appear to be the most energetic and reliable. Of course, there can be secondary positive indicators involved, such as the TCCI on Woodie's is going in the same direction and angle.
**I know this isn't the way Woodie's is supposed to be used. However, the above relationships will jump out at you! Check it out for yourself: go ahead and place a line on each ASCTrend signal that happens to fall right on, or 1 bar to the right of a CCI trend change...notice the very high amount of good signals?
**I've gone backwards on EUR/USD, GBP/USD and USD/CHF and my small preliminary investigation noticed the above points. Of course, since the ASCTrend stops issuing signals about a day into the past, that's all the back-testing I can do. The charting application I've used is MT4 from the Fibo Group.
**Please take a look at the attached EUR/USD chart and you'll notice I've marked all the trends that fit the above criteria. Between EUR/USD, GBP/USD, and USD/CHF there have been 42 such trades in the last 24 hours (see graphics), and they all had the potential to make money. That's 100% !!!
**These are the parameters I used to identify the profitable trades:
All I did was take note when a signal was made and if I could have made money by entering the trade. I know there are many other considerations that go into the desision to exit a trade; yet and still, most of the not-so-good trades - that broke even, or only made a couple of pips - are more than compensated by the hugely profitable ones.
**What I like most about this criteria is that when you lose, you lose less or break even. When you win, you win more! The net result is that you stand to keep most of your capital intact...I love capital preservation!
**Valeo: This study wasn't done using the XO indicators. I've been looking at your method and couldn't help but notice this. Is there a way to get the ASCTrend to work farther into the past?
**Also: I invite all to look at the data and dissect it at will! If I've made mistakes and my interpretation is faulty, do let me know.
CCI Entry Points(I've used values without plus (+) or minus (-), since they mean the same thing):
EUR/USD:.....69% of the action is between 0 and 100
0 --> 23%
50-> 23%
100-> 23%
180-> 31%
GBP/USD.....76% of the action is between 0 and 100
0 --> 46%
50 -> 15%
100 ->15%
180-> 23%
USD/CHF.....93.5% of the action is between 0 and 100
0 --> 25%
50 -> 56%
100->12.5%
150->6.25%
All the above combined, 81% of the action is between 0 and 100
0 --> 31%
50-->33%
100->17%
150->2%
180->17%
GBP/USD (24 hour time period)
Here you can see there were 13 trading opportunities.
USD/CHF (24 hour time period)
OK, here we have another 16 potential profitable trades on the USD/CHF
As Valeo and some of you know, I hang out at the CatFX50 forum much of the time. I would like to continue developing Valeo's excellent method and refine it as much as possible. I do like the fact it's fast moving and doesn't depend on always having to be near the 50 EMA line, as in CatFX50. That's not to take anything away from CatFX50, or Nina's great commitment, but I do look forward to using this method when I can't use CatFX50. The best of both worlds!
moneyline
great strat.
For your perusal and kind comments.
I first want to just say that I like this strategy and I will plan on helping out the community with improving it and commenting on how my trades go with it.
I have a few questions for you Valeo.
1. on that last post you made where you were showing the 5/10 setting which you said would help the choppiness, I looked at your screenshot and noticed that the setting for 5/10 only said 10 and didn't seemed to be using the "ZZ MTF XO" indicator. it looked to be using the XO_ALERT.mq4 which was posted earlier. is that true, Or should I be using the "ZZ MTF XO"? Which indicator were you using for that new strategy of the 5/10 setting?
2. Secondly I'm curious, what are good settings for the 1min. charts using this method? What should my XO settings be at?
4. With that new XO_ALERT indicator, what will occur when it alerts me? Is it a message on the screen?
3. Finally I have attached a screenshot of how my setup looks. I want to get some feedback on if everything looks right to you guys? Does it look like I have things setup correctly?
thanks
jesseboy
CountBars
Is there a way to get the ASCTrend to work farther into the past?
The ASCTrend has a parameter called CountBars. The default is 300. Increase this value to look futher back in time.
P.S. Thanks for your observations moneyline. As well Valeo for the XO system.
Regards,
SilverB
Thanks valeo for all your work on this and sharing your set up.
I think CCI makes the best chop indicator and look for a brake out of the 100 lines, 14 is a bit lively for this though and have set mine at 34.
I think the trade is still in play above the 250 and would maybe look to exit when the line retraces to the 250.
I have used BT instead of asct and have also the MTF BT at 15 mins.