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Thread: XMA filter - new trend filter, check it out

  1. #11

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    I gave porog settings for 5 digit broker.
    on 4 digit broker this indicator doesn't work on M1 and M5, it needs code adjustment for greater incrementation.
    ****
    It is barely enough on 5 digit on M1, sometimes i feel I want to adjust by half digit, but it's not available. I am sure can be programmed.
    *****
    I just gave an example where to start, you should do your own tweaking. I am doing another setup for pound. When pound and yen swing in opposite direction or yen gets choppy, gbp/gpy gets choppy as hell. I am surprised this indi still works well and filters out most of the chop.
    ***
    But it's better sometimes just to trade Pound when yen goes crazy on M5 or in opposite direction

  2. #12

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    I also feel for targets and better entries you need BB bands, i use 50,250,1250 on M1 on GBP/JPY, also keltner channel gives some clarification. Also I feel Gann lines are important and primarily to filter out shrp contra trend moves. 12 pips/minute is very important angle on M1 GBP/JPY on 5 digit broker.
    ***
    And to watch and navigate all that one needs lots of experience and self discipline.
    ***
    but I feel all these tools are necessary to objectively control: entries, stops, targets. I don't think trade management is possible with less gear, not without increasing stops/reducing resolution.
    **
    So good trend filters is just one puzzle in trading equation.
    ***
    and the most overlooked factor is - you - your time, patience, concentration, capacity, etc.
    ***
    I am saying all that, because some naively assume all it takes is one or two magical indies with e-mail alert
    Last edited by Metatrader7; 08-27-2009 at 06:10.

  3. #13

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    This are actual positions, posted at time while they are still in progress
    Attached Images Attached Images XMA filter - new trend filter, check it out-setup2-png 

  4. #14
    Junior Member
    Join Date
    Aug 2009
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    3

    Default

    thanks shairing

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100, add, bands, broker, change, channel, check it out, equation, gann, indicator, indicators, manual, metatrader, mql, mql4, time, trading, trend

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