Re: Honje's collection of indicators, strategies and trading journals

#351
PumbaPLS wrote:
Fri Jun 24, 2022 7:36 pm
Indices are comprised of many different stocks/companies.

US30 -> comprised of 30
SP500 -> comprised of 500
etc.

So generally you find.. when most Stocks go up the indices are also going up.
As all those indices are somewhat entangled with each other due to the comprised stocks, so you see them move often in tandem.
They can at times move differently though, as for example the NAS (US100) has more Tech Stocks included.

When trading indices you often want to use more than 1 indice to confirm a direction.

Example:

Lets say US 30 is going up, but NAS is going down.
You should then better wait till both US30 and NAS agree with each other to one direction before trading.

Beatle is using 8 indices... which I personally think to be overkill. As previously said very often those indices move very similar.

For most Traders I would suggest using 3 indices for their trading. This is usually more than enough.

The indices I would recommend are the "3 Amigos"

US100 - US30 - US500 As they generally have the most traded Volume and are rather volatile.
I personally Included DE40 in my list.

I hope this helps.

I include my trading setup for reference how I am scalping indices every day.
Image
Hi PumbaPLS,
Would you share the template and the indicators? It looks pretty nice for the eye. Thanks.


Re: Honje's collection of indicators, strategies and trading journals

#353
dah wrote:
Mon Sep 02, 2019 3:59 am
I came across an interesting Ichimoku indicator from Prorealcode.


Image



Description from the author:


There's a lot more to that prorealcode version but I was wondering if there's a simple version "Kumo Line" that only measures distance between Span A and Span B clouds with a setting for a look back period.

By simply looking at the "Kumo Line" we can determine if the volatility is there for a breakout.

Thanks
My Son, Conduct Your affairs with H u m i l i t y
and you will be L o v e d more than a giver of Gifts.
H u m b l e Yourself The More, The G r e a t e r You are,
and You will find M e r c y in The Sight of G o d
——Sirach Chapter 3(17-18)

Re: Honje's collection of indicators, strategies and trading journals

#354
Jimmy wrote:
Mon Mar 15, 2021 4:13 pm
This is really good. Different results can be seen when changing the Bands from ATR to either Custom Standard Deviation.

Without getting too technical, how can we use ATR Bands Vs Custom Standard Deviation Bands?

  • Use the ATR bands for predicting possible reversal areas and candlestick exhaustion
  • Use the Custom Standard Deviation for entering breakouts and forecasting Volatility whenever the bands "PINCH"

ATR Bands
Image



Custom Standard Deviation Bands
Image



Thank you Mrtools and Ganesh for the idea :)
My Son, Conduct Your affairs with H u m i l i t y
and you will be L o v e d more than a giver of Gifts.
H u m b l e Yourself The More, The G r e a t e r You are,
and You will find M e r c y in The Sight of G o d
——Sirach Chapter 3(17-18)

Re: Honje's collection of indicators, strategies and trading journals

#355
Banzai wrote:
Sun May 01, 2022 1:23 pm
Donchian Channel
Double Breakout
Trading System





Image


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Rules:
H1 Step OMA is the trend. Do not use M30 trend. It gives some false signals.
1. Try not to go LONG at ADR 100%. That's the maximum Average Daily Range for the day.
2. Try not to go LONG at yesterday High 100%. That's yesterday high.
3. Try not to SHORT at ADR 0%. That's the minimum Average Daily Range for the day.
4. Try not to SHORT at yesterday Low 0%. That's yesterday low.
Image

Image
My Son, Conduct Your affairs with H u m i l i t y
and you will be L o v e d more than a giver of Gifts.
H u m b l e Yourself The More, The G r e a t e r You are,
and You will find M e r c y in The Sight of G o d
——Sirach Chapter 3(17-18)


Re: Honje's collection of indicators, strategies and trading journals

#356
I am going to buy some very popular indicators in the MQL4 market.
Hope they are useful. .

I'm just curious. why so many people buy it <3
My Son, Conduct Your affairs with H u m i l i t y
and you will be L o v e d more than a giver of Gifts.
H u m b l e Yourself The More, The G r e a t e r You are,
and You will find M e r c y in The Sight of G o d
——Sirach Chapter 3(17-18)

Re: Honje's collection of indicators, strategies and trading journals

#357
honje19960321 wrote:
Thu Jul 28, 2022 4:54 am
I am going to buy some very popular indicators in the MQL4 market.
Hope they are useful. .

I'm just curious. why so many people buy it <3
careful i bought alot that were mediocre, look for the absolute best not just decent they will disappoint

those two are the best ive seen yet
Screenshot (94).png
Screenshot (95).png
internet knows your ip so dont act loco
a flower cant grow next to weeds

0+0=0, infinity/infinity=1


The wages of sin is death and gift of God is eternal life through Jesus Christ
It’s self evident there is a creator and judgement.

Re: Honje's collection of indicators, strategies and trading journals

#358
chickensword wrote:
Thu Jul 28, 2022 5:01 am
careful i bought alot that were mediocre, look for the absolute best not just decent they will disappoint

those two are the best ive seen yet
Image

Image
I think there are more high-rated metrics. The reliability is relatively high. I am now interested in advanced currency strength 28
1658950140568.jpg
My Son, Conduct Your affairs with H u m i l i t y
and you will be L o v e d more than a giver of Gifts.
H u m b l e Yourself The More, The G r e a t e r You are,
and You will find M e r c y in The Sight of G o d
——Sirach Chapter 3(17-18)

Re: Honje's collection of indicators, strategies and trading journals

#360
chickensword wrote:
Thu Jul 28, 2022 5:38 am
here is another, but only if you know what your doing with it
Image
If I remember correctly, this has something to do with Gann Theory. Have you tried all these indicators?
My Son, Conduct Your affairs with H u m i l i t y
and you will be L o v e d more than a giver of Gifts.
H u m b l e Yourself The More, The G r e a t e r You are,
and You will find M e r c y in The Sight of G o d
——Sirach Chapter 3(17-18)


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