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New Trading Strategy Development by nguyenphanduc
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October 21, 2017 - 8:19 pm
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New Trading Strategy Development nguyenphanduc.

Please feel free to discuses your trading strategy. We can develop it together on this forum.

Also anyone can join this discussion.

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October 23, 2017 - 2:23 am
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Here are the two pic, I have been asked to upload an image from Nguyen Phan Duc.

add-bb-to-stoch.jpgImage Enlarger

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October 24, 2017 - 11:24 am
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This is a test post for demonstration purpose.

We will show you how to upload image and other file types here.

To upload image, it is best to use attachments button below.

Now do not forget to click Start Upload button.

When the upload is done, you will see tick on each file.

That is it. Just do math and click submit button.

Test-pics-2.pngImage Enlarger

Time-Box-Indicator-MT4-v1.3-4.ex4

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October 29, 2017 - 11:05 pm
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Hi Trader

I want to disccuss : how to measure the strenght of trend and where the potential for turning point of trend?

1. How to measure the strenght of trend?

Ussualy I  used Bollinger Band for momentum of trend but BB base on SMA => lagging indicator

I used Stochatich for confirm overbouth or oversold but I can’t know when stoch will reach to the overbought/ oversold area or how long stoch will stay in over area???

 

1.pngImage Enlarger

 

Finally I found 2 thing

1. Trend in trend – you have to see the upper time frame is walking on which trend? – best trade is 2 wave sync

2. if you add bollinger band to Stoch you will see the momentum up or down sooner

 

2.pngImage Enlarger

 

One problem of this method is Stochatich ranger 0 – 100 => some time BB in stoch not enought clear view momentum of trend

 

3.pngImage Enlarger

 

I user CCI with some changer for confirm

 

4.pngImage Enlarger

 

As you can see that is more clear about the momentum of trend 🙂

with changed CCI – if you choose period = 20 => it act as you work with bollinger band (outsite band as the signal for overbought / oversold)

Remember: trend in trend => trade when trend is sync

2. where the potential for turning point of trend?

User overbought/oversold is the potential for turingpoint – one solution

user ATR channel is other solution

 

5.pngImage Enlarger6.pngImage Enlarger

 

Here is sultuon I used to confrim overbought/oversold indicator.

Finally: When you analysic from top timeframe to down time frame, you should use Elliot wave trend for build the price scenario => indicator is confirm for price way.

Ready for scenario – ready for know why indicator show 🙂

Hope to see trade feedback

Best

Phan Duc

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October 30, 2017 - 1:03 am
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It is one thoughtful post. Let me take some time to think about. Just because I want to give better answer. 🙂

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November 2, 2017 - 4:24 am
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Hi. One question, Phan Duck.

Would that be possible to reduce amount of technical indicator from this analysis ?

Currently I am observing you are using BB, stock, CCI, ATR in your analysis. Check this Price Pattern Table.

http://tradeinvestsmart.com/20…..nvestment/

In my opinion, EURUSD is more strong with fifth regularity even fourth regularity is very small too.

Too many technical indicator is bad for the fifth regularity. Try to use minimal technical indicator only.

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November 2, 2017 - 11:21 pm
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Yes I Know that i’m using too many indicator.

Simple: BB + stoch + CCI => for confirm how trend is strong??? 

ATR using for potential overbought/ oversold.

Thinkking for reduce number of indicator 🙂

I see this indicator like my strategy: BB + Stoch – jusst too expencive (249 usd)

http://www.compassfx.com/tdipr….._Intro.mp4

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November 2, 2017 - 11:42 pm
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1.pngImage Enlarger

2.pngImage Enlarger

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November 4, 2017 - 2:23 pm
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I can tell that you have some labelling like 1, 2, 3, 4, etc. Is this labelling for Elliott Wave counting ? Or are you using four technical indicators only :  Simple: BB + stoch + CCI + ATR.

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November 5, 2017 - 9:01 am
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Label 1,2,3,4 is ziczac with other step => help me in locate counting elliot wave

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November 5, 2017 - 8:41 pm
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Phan Duc said
Label 1,2,3,4 is ziczac with other step => help me in locate counting elliot wave  

Hi Phan

It is good approach to count Elliott Wave. It is indeed what our Pattern and template approach for Elliott Wave Counting does. Making things simpler for Elliott Wave Counting.

Can you share the ZigZag indicator with us ?

Really appreciated your sharing.

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November 6, 2017 - 3:03 am
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This is zz indicator 🙂

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November 6, 2017 - 3:08 am
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I ussually overview Elliot wave from Mn chart – W1 – D1 – H4 – H1 🙂

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November 6, 2017 - 9:39 am
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Phan Duc said
This is zz indicator 🙂  

This a great. So this could act as the template before counting the Elliott Wave. Elliott Wave is not the rocket science really.

My question. What does Elliott Wave does in this trading system ?

Does it detect trend or reversal ?

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November 6, 2017 - 11:27 pm
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2 times of cutting 🙂
I use Elliot wave trend for counting Elliot wave and buit plant for direction of price. 
When indicator give me some infomation, I double check with my Plan => make sure i going in correct trend (not corrective trend) => go ahead with confidence
PDCA – Plan – Do – Check – Action 🙂
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November 7, 2017 - 11:29 am
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Phan Duc said

2 times of cutting 🙂
I use Elliot wave trend for counting Elliot wave and buit plant for direction of price. 
When indicator give me some infomation, I double check with my Plan => make sure i going in correct trend (not corrective trend) => go ahead with confidence
PDCA – Plan – Do – Check – Action 🙂
  

 

The strategy itself seems quite robust. Now, I am checking your screenshot from previous post. Also if you can post more screenshot in the future for better understanding.

Here is the link for the free peak trough analysis. The idea will be more or less similar to your zig zag indicator. Peak Trough Analysis will act as the assisting tool for your wave counting and pattern detection.

MetaTrader4:   http://algotrading-investment……sisMT4.zip

MetaTrader 5:  http://algotrading-investment……sisMT5.zip

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