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They are primarily exit signals for the balance 50% qty we have in hand.
Our system on a nutshell is, wait patiently for trend to develop, then wait for retracement then enter on that direction. Once we enter, our expectation is trend will continue, our trade management is always, small stoploss, exit 50% at opposite band, and then look at cci to signal an end of momentum. As long as momentum is on our favour, we wont mind holding on to a winner. But if we see one of those patterns that suggest lack of aggression on the part of big players we are siding with, we would prefer exiting the balance and wait for fresh entry.
If CCI is blue and we are holding a worst-case-scratch long trade, then we have the luxury of giving room for trade to move on our favour. We might decide not to risk what is left on the table and exit at first sign of congestion. That is totally dependent on how we feel about the trade in progress.
Can you help answer these questions from other members on NexusFi?
This is one of the prime reasons why i am trying to migrate to Nt7. Amibroker cannot handle position sizing very well. So far, all i want is a text flashing warning me of a potential end of momentum.
Ok, so that sounds like the idea is to wait for an entry arrow to occur, THEN begin tracking for one of these oscillations to occur? So to be clear, the idea is to exit 50% at the AcclOpposite..... should the text display PRIOR to getting a move down to the AcclOpposite, OR would you rather see this occur AFTER you get your first exit? I need a bit more clarification on WHEN to show this information.
Also, so we probably want to BEGIN tracking that info when an arrow occurs. But then WHEN do we STOP tracking that info before the next trade occurs?
Also, you mentioned a 'MAX of 2 bars,' for the middle color. I am a bit unclear on this part?
And for the text flashing...... do you actually want it to flash, or is a plain text box sufficient?
Let me specify the text thats needs to be displayed on the screen
on the top left corner
"Ex " value (Previous bar's high) "Hi : " value (current bar high) " T " value ( trigger value = previous bar's high + filter)
"Op " value (current bar's open) "Cl " value (current bar's close ) "R " value ( range = high - low of current bar)
"Ex " value (Previous bar's Low) "Lo : " value (current bar Low) " T " value ( trigger value = previous bar's Low - filter)
(Accl band Top value)
"Accl band range" value (accl band top - accl band bottom)
(Accl band bottom value)
"SL for short " value (as generated by our hidden accl band)
"SL for Long " value (as generated by our hidden accl band) [img=http://s3.postimage.org/6v52tfes/image.png]
Trade : Here i want a running commentary on what system thinks of the market. I'll define the conditions and the text soon....!
1. I need to see about figuring a way to color that text multi-colored so it's more readable, along with font and size.
2. I don't know what the 'filter' is that you have in your description? So for now it is just set to zero.
3. The text for the ACCL Bands, produces an output that yields a lot of numbers after the decimal place, about 13. I have force-rounded it to 4 decimals. I have to figure a way to tie it to the NT7 method 'TickSize' so that it will display properly on various instruments. Although as is its not really a big deal imo.
We need to make it visual... that way we know whats the scenario is just in a glance.
"Ex " value ( IF , HIGH [-1] > HIGH [ -2 ] , COLOR GREEN ELSE COLOR RED)
"Hi : " value ( IF , HIGH [0] > HIGH [ -1 ] , COLOR GREEN ELSE COLOR RED)
" T " value ( IF HIGH [0] > (HIGH[-1] + filter) , COLORGREEN ELSE COLORYELLOW)
"Op " value (COLORWHITE)
"Cl " value (IF CLOSE[0] > CLOSE [-1] , COLORGREEN ELSE COLORRED )
"R " value ( COLOR YELLOW)
"Ex " value ( IF , LOW [-1] < LOW [ -2 ] , COLOR RED ELSE COLOR GREEN)
"Hi : " value ( IF , LOW [0] < LOW [ -1 ] , COLOR RED ELSE COLOR GREEN)
" T " value ( IF LOW[0] > (LOW[-1] - filter) , COLORRED ELSE COLORYELLOW)
(Accl band Top value) (IF CLOSE [0] > ACCL TOP, COLORGREEN ELSE COLORYELLOW
"Accl band range" value (COLORYELLOW)
(Accl band bottom value) (IF CLOSE [0] < ACCL BOT, COLORRED ELSE COLORYELLOW
"SL for short " value (IF HIGH [0] > SL_SHORT, COLORYELLOW ELSE COLOR RED)
"SL for Long " value (IF LOW [0] < SL_LONG, COLORYELLOW ELSE COLOR GREEN)
Note : filter is user defined points that is added / subtracted from stoploss to give it some extra room to protect from freak touch at critical lvl. Like i use 3 points filter with my trades.
You should post your next idea for your system. The coding of the colors for the 'trade advisors' is going to be something I'll figure out as the project progresses.
Thanks to an example @devdas posted, I might have a way to plot most of the text I want to on the charts.
-----EDIT----------
Right now all the 'Trade Advisors' that are on the chart right now are not dependent on any outside references, just bar values. The Accl Bands or Stop Dots etc, could change depending on user inputs changed by the user. So things on the chart may not necessarily match what is in the 'trade advisor' until I can figure out how to pass variables into that function.
These are questions all pertaining to the higher TF.
You listed 5 possible trend states:
-Strong Trend with upward bias
-Strong Trend with downward bias
-Weak Trend with upward bias
-Weak Trend with downward bias
-Pure Sideways
So for example you listed conditions for strong trend with upward bias as:
cond 1 :macd (34,89) above 0 and is higher than previous value....
cond2 : e89 is below accl lower band...
cond3 : close > accl band high
Is this correct for the other two?
Weak Trend with upward bias = 89 inside accl with 34ma > 89ma and black ema(on white background)
Pure sideways = bband2 inside accl and white ema (on white background)
