Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
DMPlusSignals_v4 addresses the rounding issue talked about several time which apparently is causing confusion. I added a parameter that allows you to either enable or disable the rounding. The parameter is called RoundFastMA. The default is true which …
I was trying to use pair of 4 and 8 minutes chart to trade your system by replacing EMA 20 with SMA 40 in jeffsUniversalMovingAverage indicator. As shown in the attached chart, both 4 and 8 minutes charts show a lot of "End Trend "zones. Could you please offer advisement for improvement? TIA!
Firstly the 4 and 8 min charts has NO relation to the 4 and 8 Range charts. The DMplus is showing exactly what the 4 min charts bars are showing i.e. end of trend. You have taken something that works and trying to change all the parameters. Maybe try a 5 and 15 min charts.
i would suggest a 5- and 30 min charts - i like the min charts but i find for this great system you got to follow all the rules - 4 range works best for me - i look at the 8 range as well but usually trade of the 4 range - the 8 keeps you out of moves but i like the action - with alittle learning and using market action you can do very well
Thank you Perry for disclosing you trading platform and taking on the challenge of starting and maintaining a futures.io (formerly BMT) thread. I have abandoned all other methods and I have been doing sim trading with method 1. I have read the tread twice, a few months back when the tread was with less pages and again for which now I am current. Like you wrote you either bend the rules or you follow the rules. So while I sim trade and "follow" the rules, I encounter chart situations where I develop questions. I was going to reread the tread again to answer my questions, but I decided to post today's E6 chart and ask the questions.
I am trying to just read the chart and at this time I am just working with the 4 Range E6 chart. I am not concerned with Murrey math. My first question deals with the black EMA 5 moving at least 2 bars in one direction. I know two bars is two bars, so looking at the left side of my chart where I marked the "short set up bar?", to me is a short set up bar. correct? Or is the bar before qualifying as a set-up bar? And then to the right of the chart where I list 1 thru 5 in the chop. At 1 the EMA 5 turns direction on the bar before, so after the bar paints at 1, does that count as at least two bars? Or do I need one more bar? At 2, is that a short set-up bar? At 3, after the bar paints, is that at least two bars? Are 4 and 5 poor examples of at least 2 bars? As the EMA 5 turns and reverses, I was having questions on which bar counts as the first bar as sometimes the EMA 5 turns at the wick of the bar. So is turning at a bar part of "must have gone ___at least 2 bars or more"?
In the middle of the down trend to the left of the chart, I marked three set-up bars with arrows. The first two set-up bars with the double arrow, the DM+ was changing condition as the bars painted. Do you consider these set-up bars valid to enter a short position? At the time the third set-up bar painted the ADX was 'RED', but at the entry price the ADX was "GREEN", is this a valid entry?