Wednesday, September 18, 2013 9:43:22 AM
Pennies, I expanded the ADX part of the chart so it can be seen better. And can only get the last 3 months of data to show. Needs the slider bar to view the Rest.
Forget the crossover stuff you see on the chart. It is relatively meaningless at this time. Just focus on the ADX.
ADX settings as follows. I do not know if you can presently do this with the MT4 program. Let me know.
1. set the adx for 72 bars (the last line only) if you can find the TAC_ADX (Stocks & Commodity's indicator)). The first 2 are colored the same as the chart background to hide them. note-I may be able to use them in the future, but need to spend a lot more time to possibly incorporate.
2. Set the ADX upper and lower parameters to match your background chart colors, because they are also not used.
3. Now use your horizontal line to SHOOT a lower value at precisely 12.6 MY RED LINE ON THE ADX
4. Then use your horizontal line to SHOOT the upper value at precisely 22.9 MY OTHER RED LINE ON THE ADX
THAT IS IT The rules are as follows.
The indicator must oscillate COMPLETELY from the lower or upper parameter and MATCH or better to qualify as a trend reversal. It must be a very precise match, or do not trade. Close only counts in horse shoes and hand grenades.
This thing kicks out some mega pips trades, and keeps you in the market 100% of the time. Also requires riding out of the money sometimes for days, before going profitable.
Have not found any errors with this set up for the past year, and am thinking that the present SELL signal should work as well. Seems o generally be leading the rest of my indicators.
That's it.
Forget the crossover stuff you see on the chart. It is relatively meaningless at this time. Just focus on the ADX.
ADX settings as follows. I do not know if you can presently do this with the MT4 program. Let me know.
1. set the adx for 72 bars (the last line only) if you can find the TAC_ADX (Stocks & Commodity's indicator)). The first 2 are colored the same as the chart background to hide them. note-I may be able to use them in the future, but need to spend a lot more time to possibly incorporate.
2. Set the ADX upper and lower parameters to match your background chart colors, because they are also not used.
3. Now use your horizontal line to SHOOT a lower value at precisely 12.6 MY RED LINE ON THE ADX
4. Then use your horizontal line to SHOOT the upper value at precisely 22.9 MY OTHER RED LINE ON THE ADX
THAT IS IT The rules are as follows.
The indicator must oscillate COMPLETELY from the lower or upper parameter and MATCH or better to qualify as a trend reversal. It must be a very precise match, or do not trade. Close only counts in horse shoes and hand grenades.
This thing kicks out some mega pips trades, and keeps you in the market 100% of the time. Also requires riding out of the money sometimes for days, before going profitable.
Have not found any errors with this set up for the past year, and am thinking that the present SELL signal should work as well. Seems o generally be leading the rest of my indicators.
That's it.
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