Hi,

I've ported the GuppyMACD indicator from MetaTrader to NinjaTrader.
It doesn't look so special to me, maybe cattus can enlighten us about how to use it?

Cheers

[cattus]

Sorry, I forgot to mention the trendlines...

Cheers.

Cattus

[Sparrow]

I think we are looking at the same things then, I don't use the open though.
Here's something you don't have yet. Found it by accident today.

I'm just trying to scalp these levels, but since they are zones as you mentioned, it is quite difficult to tell if price will go through or reverse. I don't have any intention to go back to indicators.

Here's a link against MACD btw.

Cheers

[cattus]

Originally Posted by Sparrow »

I think we are looking at the same things then, I don't use the open though.
Here's something you don't have yet. Found it by accident today.

I'm just trying to scalp these levels, but since they are zones as you mentioned, it is quite difficult to tell if price will go through or reverse. I don't have any intention to go back to indicators.

Here's a link against MACD btw.

Cheers

Well, I think that the Structure and the Patterns are the kings, but I also think that the indicators are good tools of support, but if we choose just one or two and study them in depth, very deeply... it is my opinion, but I can be wrong...

The links you put here looks very interesting, thanks.

Cheers.

Cattus

[Sparrow]

I've met some people who rely heavily on their indicators and are successful traders. If you know what to expect from your indicators during certain market conditions then they can really be an aid. Unfortunately I'm haven't been able to do that yet, maybe I have to test 100s of oscillators like Walter did(and in the end go back to the CCI) before I reach that stage .

Here's another post that is critical of indicators.

Cheers

[cattus]

Hay Sparrow, the "post" does not work...

mmmm, some persons make money in the trading with indicators, others with the price action... others with both.... each of us have to choose our comfortable strategies to reach the success...

I have been thinking about the techniques purposes for our friend Walter, in the thread
http://www.traderslaboratory.com/for...alps-2990.html,
they must be good for your intention to scalp the levels...

Cattus

[Sparrow]

Hi Cattus,

yep I've drawn a lot of inspiration from our friend Walter, but FX is a difficult animal to tame as a scalper. Dunno yet if anything useful will come out of this research , but I'm certainly learning a lot.
Here's the correct link to the post.

Cheers

[cattus]

Hi Sparrow.

Ha, ha, ha... Yes, Forex is like a wild wild animal... What are you scalping? e-mini?

Very interesting the strategy of Woodie. In fact, like Walter mentioned in one post, the average of effectiveness is around 50 gains:50 losses. I know that some guys have strategies more effectiveness: 60 gains to 40 losses are great numbers. And I think that the comment on the blog is true, the key is the RRR, like Walter have said, because profit:stop loss of 1.5:1 or 2:1 do the work that we are looking for, well, if we have at least an effectiveness of 50:50

I will probe the strategy of Woodie, demo of course...

.... I am learning too....

Cheers.

Cattus

[Sparrow]

Hi Cattus,

I'm staying on Forex, don't have another choice at the moment, I'd rather scalp futures though because of tape and volume. However I'm open minded and will change my approach if I can find something that works for me. I'm amazed how well the close/high/low numbers work, pivots are pretty significant too. Also Trend lines look very good.

The reason I like scalping is that you can have a very tight stop, and as a consequence use more leverage than for e.g. swing trading but not too much of course. A few small profitable trades and you're done for the day but the setups need to be very good.

... and that's where I'm stuck at the moment.

Cheers.