Best Alternative Solutions Comparatively - page 37
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Arthur PZ made a indi where you can right do this in MT4. You do your PA once for two pairs. You can more but I don't like it messy.
Arthur PZ made a indi where you can right do this in MT4. You do your PA once for two pairs. You can more but I don't like it messy.
Setting dreamy tp,needs explanation for dreamy or snoozing .... why cant you force traling and let it go till it can but at a reason able space,not too close that cause hit early.... i always like previous low in up trend and previous high in down trend for trail and same might be applied for stop before trailing take place of stop.
look at these regression channels , what are they implying ? green band width is close to 1200pip (daily) & purple one is 600pip(more like h4 move) . what does this mean ? price could bounce between these bands without changing direction . so even if u knew price will trend (up or down) ur stop should be based on these numbers . let's not forget airbags & but that i mean ur actual stop should be 1.5 times band width (it's more useful in intraday trading to avoid long shadows).
so let's say u trade gold h4 & birdie told u gold gonna fall so your stop is 1.5 x 600 = 900pip . what tp should u use to compensate this ? a dreamy tp ! given that win/loss ratio of trend following approaches is .3 or .4 ( hypothetically) u should go for tp like 3000 pips ! it's a huge tp for standard h4 trading :))))
p.s: it's not coincidence that daily band width is 2 times h4 . it's called "power law"
http://www.sciencedirect.com/science/article/pii/S0960077916300935
how does the scaling work ?? i test it for some weird prices & looks good . it's definitely better than standard correlation tools cause u can check lagging & leading .i like it thanks !
look at these regression channels , what are they implying ? green band width is close to 1200pip (daily) & purple one is 600pip(more like h4 move) . what does this mean ? price could bounce between these bands without changing direction . so even if u knew price will trend (up or down) ur stop should be based on these numbers . let's not forget airbags & but that i mean ur actual stop should be 1.5 times band width (it's more useful in intraday trading to avoid long shadows).
so let's say u trade gold h4 & birdie told u gold gonna fall so your stop is 1.5 x 600 = 900pip . what tp should u use to compensate this ? a dreamy tp ! given that win/loss ratio of trend following approaches is .3 or .4 ( hypothetically) u should go for tp like 3000 pips ! it's a huge tp for standard h4 trading :))))
p.s: it's not coincidence that daily band width is 2 times h4 . it's called "power law"
http://www.sciencedirect.com/science/article/pii/S0960077916300935
Kumobreake
Thanks for your efforts explaining some of your knowledge,after a gap of time we have some one (you) that do come with some personal research/study about things,in general peoples comes in forums with raw hand and pretending ...... too much,of course we know such kind comments.
To have so wide stop is not a good idea for some traders like me,it is just like the possibility,money going out from your pocket that you hardly gain with risk but a reason able stop is acceptable depending on the instrument and tf..... and most of the time when price break its previous low/high in up/down trend with a reason able space,it turn back but not all time.but your assumption and logic is also valid and feasible in general.
and what "browser doing here,especially in your chart :)
regards
i post this separately for two reason :
1)i don't like long post with too many picture
2)it doesn't necessarily related to the last post
but i tried to investigate something , as i assumed same situation happens for eurusd in EURUSD EURGBP GBPUSD chart :
EURGBP x GBPUSD = EURUSD & u can see how it's between other 2 pair . maybe i'm paranoid or it's another case of apophenia (https://en.wikipedia.org/wiki/Apophenia) but something strange happens when middle pair (eurusd in this case) goes beyond other pairs (eurgbp & gbpusd) .
now look at the same chart with eurgbp inverted (same coloring eurgbp is blue , eurusd is yellow & red for gbpusd- text on the right top of picture is misleading) :
eurgbp(inverted) x eurusd = gbpusd so the red pair (gbpusd) is in middle again & big reversal coincide with the time gbpusd go outside the yellow & blue! why ? what is this ? psychosis ?
here's something interesting ; 3 pair plotted together , EURCAD , EURJPY , CADJPY . it's obvious that EURCAD x CADJPY = EURJPY but it's not obvious to me why eurjpy is "most of the time" in between other two pair (based on pz indicator) . so if u have any idea why this happens please share , i got no clue !
Indeed, very interesting. Should it be that easy? ;) But we should do some more tests first, right?
Indeed, very interesting. Should it be that easy? ;) But we should do some more tests first, right?
i looked for another multi symbol indicator to double check but couldnt find one , i'm not sure how this repainting affect this weird thing
i post this separately for two reason :
1)i don't like long post with too many picture
2)it doesn't necessarily related to the last post
but i tried to investigate something , as i assumed same situation happens for eurusd in EURUSD EURGBP GBPUSD chart :
now look at the same chart with eurgbp inverted (same coloring eurgbp is blue , eurusd is yellow & red for gbpusd- text on the right top of picture is misleading) :
eurgbp(inverted) x eurusd = gbpusd so the red pair (gbpusd) is in middle again & big reversal coincide with the time gbpusd go outside the yellow & blue! why ? what is this ? psychosis ?