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Jeff, Can you tell me what other indicators are on your chart? When I download the template, this is what I get. No indicators appear in the indicator assignment window. Thanks.
After all, it's what you learn AFTER you know it all, that counts!
It's an interesting idea but I really don't find it necessary. remember your goal is to make 8 ticks/day. If you're really good at making 8 a day you can try to make 12. Then 16, etc. Any market will provide an opportunity to make 8 per day, so adding several markets before mastering one will just spread yourself too thin. CL moves so fast that it's really difficult to trade anything else. I mainly trade CL & Euro and between the two I'm fully occupied.
Also I think one should be studying price and deciding when one could enter and then get a confirmation from the indicator. Or use the indicator to filter out a possibility. But just entering when the indicators turn the same color? In my opinion this won't work, but if it does I'm quite sure it'd be less optimal.
I trade with a group of traders that just trade the Euro. They don't trade anything else. Why? They don't need to.
So one liquid market is all you need, two if you really like action and don't want to be bored. But even trading two the result might not be as good as if you were trading one. As an example I found two missed trades on my Euro chart (I usually mark them with a yellow square), that I missed cause I was trading CL. I don't remember if I happen to have won my CL trades at the time but it's very possible that I was losing money on a CL trade and missing a nice win on the Euro chart at the same time.
RJay - I have a suggestion. The code for the 4 MA colors indicators is exactly the same except for the MA type. Why not make that a parameter and then we can maintain one copy of the code instead of 4? I don't know how to do this but the color universal sample moving average has an MA type so it should be easy to do.
cunparis.... wouldn't it be nice to see the ES lining up and breaking down before say the YM if you were a YM trader... Just another view into the Market... You notice on my screen shot I have a 2 Range chart in the background.. So the scenario could be to first look to the 9 Range chart for alignment then move to the 2 Range for entry (In fact that is exactly what the screen shot shows)..