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Re: FFX Universal currency meter strategies(commercial indicator)

Deez, Thu Dec 14, 2017 6:58 pm

mntiwana wrote:
Thu Dec 14, 2017 6:34 am
Hi Deez
Seems it is a continues trading exercise,can you point some thing helpful when not to trade (i dont means for news) - i means when market is choppy and in ranging situation.
I'm using Quantile bands, i never trade when price inside bands as it bounces from top to bottom and back up, i only trade only when its breaking the bands which i'm aslo alerted by the tenkankijun alert.

Sometimes there is a false breakout that is why i wait for the completion of the higher timeframe 5 minute candle because it could breakout on the 3rd minute of a 5 minute candle but jump back into bands on the 5th minute.

I'm also using 2 laguerre filter as s/r - 1 set to 5 minutes and the other set to 15 minutes. Trade when price is above or below both of them not when they are crossing them(check the 2 dashed line on my next post - price is way below when i take the trade).

Is there any upgrade to the quantile bands indicator?
Quantile bands 1.3.mq4
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