[Kit]

Hi Walter. I count your moves as 1 and 2, also add 3,4. The 3-d move can give as some profit

(with reenter trade,depending from approach), 4-d probably loss trade, because downmove will

not develop. I want to ask about criteries, when you find that market on momentum. For

example I like to see that indicator out of (-1) - 1 (0,001) zones and inflections not touch -0,5-

0,5(0,0005) lines. Sorry if question not exactly about theme of the thread.

Regards.

[walterw]

Hi Kit, well you see that would be a complete different issue actually as how would you time your entries and manage your exits ( key part to success ).

My Filosofy is that any given method MUST have a very clear set of rules for ENTRY , EXIT and STOP ... when you combine entry/exit (profit potential) vs entry/stop ( risk potencial ) you get a RRR ( Risk Reward Ratio )... under smart and racional thinking, the RRR should always be positive... That means stops should be smaller than exits, in relation to the very same entry...

So having a good RRR depends on the methodology you have that has embeded this RRR considerations into it.

There are several threads from mine here on this forum wich have aproaches that favor a good RRR... my private method also lives thanks to a good RRR...

NOW, the momentum filter in this case would be some sort of climate where you may consider trading or not trading if you dont have this conditions...

So myself I persoanlly would not develop from this indicator itself a RRR aproach... as I consider it is not the best indicator for the RRR issues... but I found it to be an interesting filter for momentum climate conditions...

If you would ask me for a thread here on TL that would be one of the best of mine in terms of RRR... I would choose this one http://www.traderslaboratory.com/for...ades-2364.html

Thats the pre-evolution of what then became my propietary stuff... but its really a great begining into a sound RRR aproach... even a trader can adapt his timeframes (larger or smaller) to suit his style...

Hope that answers Kit, sorry I can not create more new stuff as I decided my personal technical stuff is for good, and no more new technicals I need to create any more...

I notice you have the indi on mt4... is it shareable ? thanks Walter.

[Kit]

Ok, full and clear answer

Here it mt4 vertion it correct work as on USD pairs, as on JPY pairs(NT version not, do not

know why, formulas in algorithm is the same ).

[walterw]

Originally Posted by Kit »

Ok, full and clear answer

Here it mt4 vertion it correct work as on USD pairs, as on JPY pairs(NT version not, do not

know why, formulas in algorithm is the same ).

Thanks Kit for sharing the mt4 version... so on JPY pairs you are having issues ? is that on NT or mt4 ? cheers Walter.

[Kit]

When I try to use NT version on JPY pairs and compare with thinkoswim it show different

picture, MT4 version not have that issues. May be somebody true programmer can correct

this.

[walterw]

Originally Posted by Kit »

When I try to use NT version on JPY pairs and compare with thinkoswim it show different

picture, MT4 version not have that issues. May be somebody true programmer can correct

this.

Ok, I will be checking that issue during next week trading... have a great weekend and enjoy life ¡¡ cheers Walter.

[Kit]

Hi! It another indy that can help to determine momentum condition.....nothing new, the base is

3 fantail's from this thread about momentum discernment. http://www.traderslaboratory.com/for...s-2558-15.html

p.s for NT7

[pgain]

Walter your indicator looks very intersting.
But with out telling us what it is I don't think anyone is getting to excieded in the fourm
I wold like to see the code if you wish to share it with your fellow fourm members
Looks like EOT pro old "chop o Meter "
Seems to catch turns .
Wish you the best with it

Cheers