Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

walterw

Walter`s Forex "Trend Trades"

Recommended Posts

Hi Chimp,

Im amazed of your work... I made a trading system based on your ideas, however, I want to ask you for help. I use fantailVMA1 indicator with three setups.

first-100/4/8/0/1

second - 26/4/8/0/1

third- 2/4/8/0/1

Would you be so kind and tell me, how to display these moving averages from the 30M chart in the 5M chart? ie. how to convert settings so that I need not to have opened both 5M and 30M chart, respectively? I want to have all MAs in the 5M chart.

Thousands of thanks.

 

if you want to have a 30 min rainbow on a 5 min chart, you have to put all the inputs x 6 ... just that... cheers Walter.

Share this post


Link to post
Share on other sites

I have been working on your system for quite a while.

 

The only question i have is when the black and the dark green are the same value, what to do??? The problem i ahve is that it takes 2 periods to see if there was a cross and by that time it is well gone.

 

Do you have any ideas??

 

By the way, i have read and reread your 2 pdf's. They are like a good cuban cigar or a good wine, subtle, complex, more layers than immediately meets the eye or palate.

 

I also appreciate that this is not your first language, i am sure that i would not understand well if it were in spanish . . . .

 

Pero talvez tambien . . . . Nunca sabe . . ..

 

Blizzard

5aa70ef8e5ddb_RAINBOWQUESTION.thumb.jpg.d4e7f77facc4952714ea915839b86d23.jpg

Share this post


Link to post
Share on other sites

Hi Walter,

 

This is very interesting. I'm unsure how to set this up; i'm using the FXCM platform. can you please post how to set these indicators up.

 

Thanks

 

Wilts

Share this post


Link to post
Share on other sites

Hi,

 

its a very nice system but im not having any luck with it.. theres a plenty of versions...

 

can you guys point me wich one is working, whick currency to trade and what time?

 

im doing something wrong and couldnt find out!

 

thanks!

Share this post


Link to post
Share on other sites
Hi,

 

its a very nice system but im not having any luck with it.. theres a plenty of versions...

 

can you guys point me wich one is working, whick currency to trade and what time?

 

im doing something wrong and couldnt find out!

 

thanks!

 

 

 

maybe if you start by telling us "what" you are doing

... and "why" you think it is wrong,

then we can chime in.

Share this post


Link to post
Share on other sites

I think I finally came up with something interesting. Forgive me for skimming the long thread. Amazing team work by everybody. [before I read the whole thing I noticed how nice the original VT rainbow indicator worked as a adjustable (bb) squeeze indicator. I think I used 2 ema as the demo. Then I saw that somebody else got the same idea with the modified fan tail indicator. I also attached a copy of the modified indicator for VT being discussed, if you are looking for it.]

So here is what I noticed. I have been working with 50 ema envelopes (light blue dotted). This is showing a 15 pip offset from the 50 ema. I changed the black fantail line to white to see it.

When the magenta and white lines BOTH expand beyond the width of the 15 pip envelope, it is a signal that the trend is greatly weakening and can soon pullback or reverse. This is shown with the red vertical lines. It is pretty consistent for the EUR/USD, and I use slightly bigger bands for other pairs.

The small arrows (orange and blue) are part of an audio alert system that I put together for VT that tell me when price closes (or crosses) near the 15 pip band. It could be modified for the magenta and white(black) band expansion as an exit readiness alert. The alert download is on the coding forum. It also has auto trade capacity.

fantail_vma.zip

5aa70f8f2f9d2_fantail15pipexpansion2.thumb.PNG.1a04666ba2316ed88eef983d71a55e73.PNG

Share this post


Link to post
Share on other sites

Hello Guys and happy new year ¡¡ The methodology works ok when you learn how to discern correctly market conditions : Congestion vs Momentum , thats one of the things I do a lot of emphasis to my private course students, it is important to understand that ANY method, even mine will fail if you dont trade it in the correct context, thats why on my course I try to explain the best momentum conditions a trader should be trading with the trend... take care everyone, cheers Walter.

Share this post


Link to post
Share on other sites

I did some coding work for VT, an alert system that allows for removing the fantail graphics and getting an (audio or arrow) alert when the magenta or black(mine white) outer lines both cross an ema envelope. I will post it here, but please see the coding forum to get the details for install as a trading system, and set up. It is based on my previous post. It also allows for price and ema envelope crossover alerts, and can show only the 2 outer lines of the fantail if you want.

I am using for the AUD/USD cross 50ema envelope sizes at 18 and 36 pips.

Anyhow just a thanks to Walter, Bemac, and the team for inspiring work, and bringing out the best in this brave new world.

fan tail envelope alert.zip

Share this post


Link to post
Share on other sites

Hi, I should have notated it more clearly, but my above post #332 is the VT trader indicator for the Modified Fantail by Bemac, it is installed with the technical analysis menu, indicators builder, import function. Then it shows up as a fantail var MA's on the indicator menu. Remember to unzip it, do not open it with windows RAR.

 

For other platforms you may need to search the thread or let others know what you are using. Good luck.

Share this post


Link to post
Share on other sites

Since VT Trader is not a simple platform, I posted a plug and play version with the indicator installed on one of my other threads. It is post #13 of the "Fresh or first crossovers" - technical indicators forum. This install also is preloaded with alerts for use with envelopes. I want to answer questions there and not divert this thread too much.

The idea is that somebody can see quickly if they find the systems useful. The indicator named Fantail Var is the full fantail to try that I believe Walter based his research upon ( and I mentioned in the previous post).

 

http://www.traderslaboratory.com/forums/34/fresh-first-crossover-strategies-7338-2.html#post87403

Edited by Eric Johnson

Share this post


Link to post
Share on other sites

thank you very much Eric. And thank you Walterw for this amazing method. I know this is nothing new, but it;s so simple and so effective . . . . . .

This method allows a better understanding of the market, better understanding of what tells us the price. looking for such a method for two years ! ! ! This method is perfectly suited to my style. cheers Walter ;)

Share this post


Link to post
Share on other sites

Very interesting work done by several on this thread. Many thanks to all. Was anyone ever able to code this for download on NT? I know there was a very early attempt but was without the MA fans which really took away its effectiveness.

Share this post


Link to post
Share on other sites

Thanks for so many kind words guys... I will be starting a new public thread on how to select correct momentum conditions... it will also be of help to my private students as well... you can consider this new public thread I will make, a free extention and update to my private course...

 

What I noticed, and also interacting with some of my students, there is a terrible lack of momentum discernment on actual new traders, thats why ANY method, and even the chimps can fail if momentum is not correctly discerned...

 

Unfortunately there is an art to this, but I will try to explain some tricks on how to "smell" momentum, so it can take some light into so many people strugling to be consistant...

 

Trading can be one of the most easy professions, and also for many one of the most stressing and disapointing one... if you are doing trend type trading, momentum discerning will make the diference... If you are doing congestion trading like I do on futures its another story,,,

 

From my private group experience, I had three types of outcomes, those who are making consistent profits because they understanded the momentum key concept, those who are still strugling with it, and those who never interacted back jajaja... (hope they did ok)... but anyway, any method (even mine) will be disapointing if a trader doesnt adress correctly momentum vs congestion...

 

Would you make an outdoor party with a rainy day ? or would you go out on shorts during a snow storm ? NO

 

Same here, method wont work on the wrong context... I continue on the thread, cheers Walter.

Share this post


Link to post
Share on other sites
Thanks for so many kind words guys... I will be starting a new public thread on how to select correct momentum conditions..

 

Same here, method wont work on the wrong context... I continue on the thread, cheers Walter.

 

Hello Walter ! Hugo thanks for your work there. Where your plan to begin new thread about

 

correct momentum condition ?

Share this post


Link to post
Share on other sites
Hello Walter ! Hugo thanks for your work there. Where your plan to begin new thread about

 

correct momentum condition ?

 

Hi Kit, I had been preety much busy this last two months, with some personal issues, but I promise I will get that thread done asap... I know also many of my private students will enjoy it as well... cheers Walter.

Share this post


Link to post
Share on other sites

First of all I would like to thank You for ALL Your work here Walter!!! The thread and the system are both outstanding, thanks again!

I'm just thinking; the day will come, when our brokers will change to MT5 platform, and then files written i mql4 won't work. So I tried to transform file FantailVMA1.mq4 to mq5 using this guide here:

 

*** Converting MQL 4 to MQL 5

 

but I must say, it doesn't work; many errors!

I'm not programmer, I don't know a thing about it, but if someone does, it would be great to rewrite the indicator to mq5. This SYSTEM simply MUSN'T die with MT4 platform!

 

Walter, maybe You are capable of doing this, or maybe You simply know someone, who is.

 

Sorry my poor english.

 

Respect!

FantailVMA1.mq4

Share this post


Link to post
Share on other sites
First of all I would like to thank You for ALL Your work here Walter!!! The thread and the system are both outstanding, thanks again!

I'm just thinking; the day will come, when our brokers will change to MT5 platform, and then files written i mql4 won't work. So I tried to transform file FantailVMA1.mq4 to mq5 using this guide here:

 

*** Converting MQL 4 to MQL 5

 

but I must say, it doesn't work; many errors!

I'm not programmer, I don't know a thing about it, but if someone does, it would be great to rewrite the indicator to mq5. This SYSTEM simply MUSN'T die with MT4 platform!

 

Walter, maybe You are capable of doing this, or maybe You simply know someone, who is.

 

Sorry my poor english.

 

Respect!

 

Hi Wiertara, thanks for compliments... yea, it would be very nice to get all this indis programed to mt5, no doubts, our mt4 master programer on 2007 when we did this great research was Pyenner... dont know if he is still arround, personally I dont have mt4 or mt5 programing skills... so far I do a little of TS, so anyone who has the will and the skill, will be warmly welcome to do so... cheers Walter.

Share this post


Link to post
Share on other sites

Hi guys,

 

I am newly subscribed member of TL and this thread caught my attention. I have finished the whole thread and really like to thank walterw for sharing this system.

 

I have a noob question though hope someone is still here to answer.

 

Do we enter at the closed of 1min candle or as soon as the black line emerge from the mulitple MAs?

 

 

regards,

Heavenforex

Share this post


Link to post
Share on other sites
Hi guys,

 

I am newly subscribed member of TL and this thread caught my attention. I have finished the whole thread and really like to thank walterw for sharing this system.

 

I have a noob question though hope someone is still here to answer.

 

Do we enter at the closed of 1min candle or as soon as the black line emerge from the mulitple MAs?

 

 

regards,

Heavenforex

 

HI Heavenforex, glad you like the stuff here... yes, you want to use closed bars for more conservative timing, cheers Walter.

Share this post


Link to post
Share on other sites

Always really cool to see a thread started a few years ago regain new life -- shows you the interest/staying power of this type of approach. Thanks for sharing.

 

As for the most recent comment I still haven't talked to many moving out of MT4 to 5 but would be curious to hear pros/cons to that effect.

 

MMS

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.