[momentom]

Originally Posted by walterw »

I will have to agree with you momentom on the implemetation of a little more tolerance like taking a slower ema for closing positions... actually thats the idea here to make some interaction about this issues...and I would love to hear what results some manual backtesting would give you... obvioulsy my scalper exit is really that... its a quick scalp...

I am working on a paralel aproach that will be 100% aimed for scalpers but I think I want to finish presenting all this before getting into that, even opening a diferent thread for that scalping variation will be more organized...

Thanks for interacting momentom... had you seen any setup this evening ? cheers Walter.

I'm afraid my traderDNA is stronger than I am and I have jumped to your parrallel approach and am scalping the DAX with this method using 1 minute and 15 second charts. I'll add in what I find once you have started the new scalping thread so as not to polute this one. Going REALLY great so far.

[momentom]

Originally Posted by PYenner »

ztrader
If you do go to a pro, ask for just the 3 main lines, MA1=Black, MA12=Dark Green and MA49=Magenta. MT4 will only do 8 lines. I am inclined to think the rainbow serves little purpose, but more lines could be added in later if needed.
Good of you to offer.

.

PYenner, you are right in one way about needing only 3 lines. I deleted most of the rainbow and left just those three when I first looked at this - I believed the screen was too cluttered. However, I quickly returned to the full rainbow as I found that I was able to "see" better when the fan opened and closed. But maybe that's just me.

[PYenner]

Originally Posted by momentom »

PYenner, you are right in one way about needing only 3 lines. I deleted most of the rainbow and left just those three when I first looked at this - I believed the screen was too cluttered. However, I quickly returned to the full rainbow as I found that I was able to "see" better when the fan opened and closed. But maybe that's just me.

It's not just you.
The jury is still out on that one, time will tell what serves best.
The more input the better.

[PYenner]

Momentum
Which lines are the least use to you, the narrower yellow side or the wider magenta side?

[momentom]

Originally Posted by PYenner »

Momentum
Which lines are the least use to you, the narrower yellow side or the wider magenta side?

I find I need them ALL now. The overall "visuality" (if that's a word) really tells me all I need to know about momentum. I am less informed when I have fewer lines. Having said that, the yellower side tells me less. Walter's epiphany about the horizontal is the icing on the cake to stay out.

[ztrader]

This is as close as I can get to the Fantail, improvising it on NT. If this would meet Walter's Forex "Trend Trades", then this should be much easier to convert to MT4. This will actually work well on my "Z CREST" system as well [but that's another story]. Please take a look at this GBPJPY trade setup for Scalp n Trend earlier today.

ENJOY!

z

[PYenner]

Thanks z
Gee, 100 pip falling dagger stuff, good old GBPJPY.
Almost enough to make you believe in using stop losses...

Yes, that may be closer to an MT4 version.
MT4 also slows down badly when the price action heats up if you run 40+ total custom indicator lines on a platform.
Once the porting from platform to platform is sorted out, it could be backtested on MT4 but traded on other platforms, best of both worlds maybe.

Momentom
Yes, Yellow side is the least needed, that was my impression too.

Thanks

At least no one is telling me off for saying "8 period ADX" is actually 15 period ema, not yet anyway.

[formor]

Hi all,
Upper screen is on MT4, lower original fantail on VT.
Black line on MT4 is vidya3.mg4 with setup 8, 9.0. Green line is smma 20 and magenta is wma 150.
This looks much the same to the original.