we like the idea of ZIG ZAG - but where is the real bottom or top
to prevent emotional trading, we have to locate the TRUE / Real top or bottom
we like the idea of zig zag indicator, until we soon find out it repaint
so I try to figure out a solution for it
so far, my suggestion is to draw a 50 pip x 50 pips SQUARE on MT4
and put it in the proposed Turning point, if it really go above the top of a square - say, it suppose to be the bottom, then we can be quite sure it will be uptrend (U-turn does really occur) next
like the illustrated dig -- ie, if the candle continue to move downward , we use this square to move down and continue to test it -- until a true bottom is found
any good strategy ? -- like DAILY and leave it for 5 to 24 hours (duration)
on EURCAD or AUSUSD etc
==== do statistics for EURCAD (2 months worth of data) and trying out different strategy
one method of combo-indicators might work, one is time zone indicator, one is Sequential 9 /13 indicator , and a black magical indicator
the idea is locating the BLACK thick bar indicator, if it is in orange time zone only, then wait for 9 or 13 to appear -- i.e. bar 10 or bar 14 then enter (reverse direction ) assume 9 or 13 is extremities,
then we could get 2 vital info for good entry
1--- direction of course (how many pips TP , don't know yet)
2--- time for entry i.e. bar 10 or bar 14
doing the statistics, if I follow my ENTRY RULES, and have SL -75, I should have overall 2 months profit at 1886 pips, not much as it is just about 45 pip per trading day - advantage is sometime NO entry -- zero, seldom loss, i.e. most are winning day if enter
----
another is EURCHF strategy, this pair seem to move in USA hours
lucrative but very tough to choose direction
combine 2 indicator and use triangle zone to enter, it seems that it might works [ try many others that does not work that well]
if you got some other good idea, you may post it TOO
-- but throw away of lot of strategy , when the STATISTICS of last 2 months, does not make good enough profit too -- so it is lot of trial and error
lol, so sad.... I'm in front of my pc
Happy New Year :-) (1 min past)
Cheers
Codex
Happy New Year !
Looks like it's just you and me NewDigital
Happy New Year 2011
at this moment are 0:00 in Italy! Happy New Year to all my friends!
Happy new year!!
Best wishes
Halvard
...
A happy new year to all
we like the idea of ZIG ZAG - but where is the real bottom or top
to prevent emotional trading, we have to locate the TRUE / Real top or bottom
we like the idea of zig zag indicator, until we soon find out it repaint
so I try to figure out a solution for it
so far, my suggestion is to draw a 50 pip x 50 pips SQUARE on MT4
and put it in the proposed Turning point, if it really go above the top of a square - say, it suppose to be the bottom, then we can be quite sure it will be uptrend (U-turn does really occur) next
like the illustrated dig -- ie, if the candle continue to move downward , we use this square to move down and continue to test it -- until a true bottom is found
Happy new year!!!
collecting stats to see which strategy DOES work
any good strategy ? -- like DAILY and leave it for 5 to 24 hours (duration)
on EURCAD or AUSUSD etc
==== do statistics for EURCAD (2 months worth of data) and trying out different strategy
one method of combo-indicators might work, one is time zone indicator, one is Sequential 9 /13 indicator , and a black magical indicator
the idea is locating the BLACK thick bar indicator, if it is in orange time zone only, then wait for 9 or 13 to appear -- i.e. bar 10 or bar 14 then enter (reverse direction ) assume 9 or 13 is extremities,
then we could get 2 vital info for good entry
1--- direction of course (how many pips TP , don't know yet)
2--- time for entry i.e. bar 10 or bar 14
doing the statistics, if I follow my ENTRY RULES, and have SL -75, I should have overall 2 months profit at 1886 pips, not much as it is just about 45 pip per trading day - advantage is sometime NO entry -- zero, seldom loss, i.e. most are winning day if enter
----
another is EURCHF strategy, this pair seem to move in USA hours
lucrative but very tough to choose direction
combine 2 indicator and use triangle zone to enter, it seems that it might works [ try many others that does not work that well]
if you got some other good idea, you may post it TOO
-- but throw away of lot of strategy , when the STATISTICS of last 2 months, does not make good enough profit too -- so it is lot of trial and error
As I know - many people are celebrating it (incl myself).
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