OK, will try that out accordingly.friend4you wrote: Thu Sep 06, 2018 11:37 pm
I use the settings I implimented in the indicator, therefore at some places it is called "atr-band best", but I like to stick to the original name. The combination with step oma shows good trades.
Re: MT4 Trading Systems: Gifts for the New Year
532Normally, I use also 2 bigger atr-bands that represent higher timeframes, mainly to see trend and a volatility based sl. Settings are different on the timeframe and pairs you trade, but scroll back which short spike or short pullback still left you in the market with sl you can be confident of. A lot of systems jump on many trend changes which may be on 30 or 60 min just a pullback and you miss the main trend for small pips.
Re: MT4 Trading Systems: Gifts for the New Year
533you mean to say 2 bigger atr bands of different settings(higher) or the atr best bands with same settings but for mtf mode,? as this may be different too, you are right of your description to see volatality on pullbacks , that is when mft analysis is useful.friend4you wrote: Fri Sep 07, 2018 4:49 pm
Normally, I use also 2 bigger atr-bands that represent higher timeframes, mainly to see trend and a volatility based sl. Settings are different on the timeframe and pairs you trade, but scroll back which short spike or short pullback still left you in the market with sl you can be confident of. A lot of systems jump on many trend changes which may be on 30 or 60 min just a pullback and you miss the main trend for small pips.
i think using your atr best bands settings on two different time frames( in mtf mode, in single chart) (for that you need to have you atr best bands coded to be used in mtf mode as with other indicators) is better choice(that will catch exactly volatality and atr ranges of all timeframes when you load it on one chart in mtf mode as is the case when qwma floating adaptive indicator shows), then setting up higher settings on the same band to catch volatality, as every time frame has more or less the same atr range for that time frame that is caught by your atr best bands settings optimally.(or by step oma 2.3)
qwma adaptive fl"s mtf indicator with step oma 2.3, catches the same atr ranges in mtf mode for all time frames on single chart that is what i can say as i have tested it with your atr best bands settings for all time frames rigorously.
Re: MT4 Trading Systems: Gifts for the New Year
534It is good strategy to use 2 higher time frame atr bands on same chart.friend4you wrote: Fri Sep 07, 2018 4:49 pm
Normally, I use also 2 bigger atr-bands that represent higher timeframes, mainly to see trend and a volatility based sl. Settings are different on the timeframe and pairs you trade, but scroll back which short spike or short pullback still left you in the market with sl you can be confident of. A lot of systems jump on many trend changes which may be on 30 or 60 min just a pullback and you miss the main trend for small pips.
Re: MT4 Trading Systems: Gifts for the New Year
535if you want to see on chart which bar closes outside your band atr best, use this version, will match with your bands settings , see i overlapped it on your bandsfriend4you wrote: Fri Sep 07, 2018 4:49 pm
Normally, I use also 2 bigger atr-bands that represent higher timeframes, mainly to see trend and a volatility based sl. Settings are different on the timeframe and pairs you trade, but scroll back which short spike or short pullback still left you in the market with sl you can be confident of. A lot of systems jump on many trend changes which may be on 30 or 60 min just a pullback and you miss the main trend for small pips.
Re: MT4 Trading Systems: Gifts for the New Year
536Hi Deez,
Could you info me the parameter for the second Price channel, please ?
Thanks
Re: MT4 Trading Systems: Gifts for the New Year
537I prefer atr bands and indicators not in mtf-mode as they repaint until higher timeframe is closed. In the bands thread, there are more starc like bands like rijays, but only few calculate with atr. Deviation as in Bollinger Bands is by far not as accurate.rijay wrote: Sat Sep 08, 2018 12:43 am
if you want to see on chart which bar closes outside your band atr best, use this version, will match with your bands settings , see i overlapped it on your bands
Re: MT4 Trading Systems: Gifts for the New Year
539"Only the price on the chart can show the entrance to the deal..."
Re: MT4 Trading Systems: Gifts for the New Year
540Hi vvFish
How did you create that image please ?
cheers hannele