Re: Suggestions for building a trading system

17
amgp wrote: Thu Aug 05, 2021 1:20 am Hello friends, is there any indicator that informs the size of the candle in the form of a number? or some indicator that tells you if the previous candle is bigger than the next?
Hello, check the attached indicator. It will display the size of the body without the wicks.
Hope it helps.
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Re: Suggestions for building a trading system

18
Zalmoxis wrote: Mon Aug 23, 2021 10:29 pm Hello, check the attached indicator. It will display the size of the body without the wicks.
Hope it helps.
The technical school believes that the trend is regular, and the past trend will certainly continue into the future. Traders always use indicators to perform statistics and analysis on past trends, trying to find out those trends in order to predict future trends.

The candle chart was originally a method of "counting" and "recording" invented by the Japanese. Your "record" in a purely digital format is just another way of "recording" the trend. It can't talk about statistics and analysis of the trend, so I don't think it is a good indicator. :)

Re: Suggestions for building a trading system

19
太虚一毫 wrote: Sat Jul 17, 2021 4:26 pm A friend asked about his views on indicators and trading systems, so he raised this topic.

(Because the members come from different countries and have different native languages, there will inevitably be language barriers in communication, and the meaning expressed by myself may not be very accurate)

The suggested indicators provide the original download address (because these indicators have modified their parameters when they are used, they have personal characteristics, and traders are better to use the original indicators to integrate.
If you integrate and build a trading system, every parameter in these indicators must be considered, and some need to be modified as necessary to make them "systematic", symbolizing "system" theory, instead of being a single indicator.


1. Main chart window:

(1) Main trend indicator: Triple jurik smooth button (mtf): viewtopic.php?p=1295439346&sid=613fc698 ... 1295439346

(2) Shved_supply_and_demand: viewtopic.php?f=579496&t=8473841&p=1295 ... 1295429830

(3) candles (pick one of two):

Dynamic zones polychromatic momentum bars 1.02:viewtopic.php?t=8472784&p=1295431940#p1295431940

Dynamic - zones kst bars:viewtopic.php?f=579496&t=8416995&start=790

(4) Arrow: The description is here: viewtopic.php?f=578625&t=8473832&p=1295 ... 1295437502


2. Technical indicator window:

(1) 4TF indicators: (choose one from 5, the first 3 4TFs are essentially RSI):
4_time_frame_RSI_filter: https://www.mql5.com/en/forum/181187/page62
4_time_frame_Sidus: https://www.mql5.com/en/forum/181187/page58
4_time_frame_RSI_2.1_Levels_nmc: viewtopic.php?f=579496&t=8472149&p=1295 ... 1295351380
4 time frame StepMA pdf: viewtopic.php?f=579496&t=8472149&start=440
4_time_frame_Volty_Stop_on_jurik_nmc: viewtopic.php?f=579496&t=8472149&p=1295 ... 1295352201

##Standard 7 Signals mtf can also play.

(2) Momentum indicator: Momentum emphasized RSI (any time frame) This indicator is any time frame. In MT4, you can use the same time period as MT5! It is the best any time frame indicator that can be found so far, and it is a masterpiece of Mladen Rakic.

Momentum emphasized RSI (any time frame):viewtopic.php?p=1295411111#p1295411111

If you don't like too much RSI in the trading system, you can choose Momentum pinball (experiment) fl 1.5, !! Velocity averages pinball (fl + mtf + arrows).

Momentum pinball (experiment) fl 1.5:app.php/attach/file/3388862

!!Velocity averages pinball (fl + mtf + arrows):viewtopic.php?t=8472232&p=1295436929#p1295436929

(3)! Smoothed-repulse (arrows + alerts): viewtopic.php?t=8472182&p=1295431233#p1295431233

(4) Histo indicators: fractal-channel adjustable price period histo (alerts): viewtopic.php?t=8472149&p=1295422809#p1295422809

If the MT4 chart layout is too blank, you can put more histos in the trading system. But not too much, otherwise conflicting signals may be generated, and they are afraid to place orders. You can consider adding Hama Jurik histo (mtf + alerts), which is obviously better than one more average heiken ashi smoothed histo.

Trend envelopes (averages)-histo-choosable symbol nmc can also be considered. Because there is a similar indicator Trend envelopes-of averages histo (mtf + alerts) in MT5-easy to compare.

Hama Jurik histo (mtf + alerts):viewtopic.php?t=8474345&start=80

Trend envelopes (averages) - histo - choosable symbol nmc:viewtopic.php?t=8418142&p=1295349646#p1295349646

3. Subsidiary indicators:

(1) Trading hours indicator: vertical_time_lines: viewtopic.php?p=1295368742#p1295368742
To
(2) Heatmap category: Choose one of RSI Heatmap 1.2, WPR Heatmap button, CCI Heatmap button, Stochastic Heatmap button 1.02. Only one should be added to a trading system.

Heatmap index download address: viewtopic.php?p=1295365262#p1295365262

(3) Watermark (you can play with it): viewtopic.php?f=579496&t=8473007


4. Other instructions: If you don't like the recommended main trend indicator! Triple jurik smooth button (mtf), you can choose Hama Jurik mtf.

More choices: Main chart Averages-9.42 (mtf + alerts + arrows + kelt + button), corresponding technical indicators: Averages-mtf-alerts 9.4 histo.



In fact, there are tens of thousands of indicators in forums and on the Internet. If you only focus on London and the closing of the US, most indicators are relatively accurate, with accuracy above 51%. The difficulty is to find indicators that are accurate for Asian and British and American markets, and can make money after excluding transaction costs. These indicator signals cannot be too many. If there are too many signals, the transaction cost will be very high, and the gain will not be worth the loss.

Choose 3-4 indicators recommended by Jimmy every day, you can integrate a trading system with its own characteristics!
Are these nrp rp indicators (repaint or not) if so wich one?
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