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Suggestion My Holy Grail After 4 years of trading

Guz Trolini said:
No complaints here, I trade manually with EW analysis. I doubled my smaller account since last week Thursday, with smaller lots... the last of my trades now on their way to the finish line. After this I'm done trading for the month.

Guz

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HI Guz, do you care to share the EW indicator with us here? will appreciate it, atleast respond and let us know if ur willing to help or not!
 
Guz Trolini said:
Hi, the system works, agree with you...we just want to make allot better.

Look at what happened with GBPAUD a few days ago and you’ll understand why. The system gave a buy signal, but the pair continued to fall and fall, more than 150 pips at some stage, that’s why we are looking for a filter that will almost give us triple confirmation that the signal is accurate.

We are not breaking anything, imagine the possibilities if we succeed in finding that filter? Can’t do any harm trying to find the best filter that will make this system perfect.

Cheers
Guz
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i agree, so true! false signals and losing is no fun.
 
alij79 said:
Which EW indicator do you use for mt4 ? if you can share or suggest one which you use, will be helpful to all...?
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Hi alij79, I trade manually, no indicator. My chart markups looks like this, it takes effort yes, it personally took me years to get to this level. You won't find a accurate EW indicator anywhere out there, it doesn't exist. You have to do markups as the market unfolds.

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Done for the month. This is why Ralph Nelson Elliott was a very clever man.

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aggieman01 said:
The system is great but have flaws for not knowing volume. I been trading successfully a long time and found this system interesting. So I thought to include my knowledge of Forex. But you wondering why so much drawdown. It's because the signal doesn't take into account On balance volume swings. What that means, every pair have different levels of overbought/oversold levels so Stochastic indicator will not fit every pair. Wondering why May 18 GBPAUD buy signal took so much drawdown, look at my chart, if you can read steps then you know what I'm talking about. You need to include the TMA centered MACD indicator and set levels for each pair then you will see when the signal will stop recalculating then enter. I hope this helps, timing is everything , not just a signal. My two cents.

Aggieman
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thank you for the idea, please do you mind sharing settings for your supertrend indicator?
 
Guz Trolini said:
Hi alij79, I trade manually, no indicator. My chart markups looks like this, it takes effort yes, it personally took me years to get to this level. You won't find a accurate EW indicator anywhere out there, it doesn't exist. You have to do markups as the market unfolds.

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Thank you very much for your deep insight.
I will start studing Elliotto Wave again.
You are the real forex master.
 
bp2000 said:
I think I can modify the WolfWave Indicator and follow this elliott-wave rules.
One question, you enter on wave 4 or wave 5, if enter on wave 5, that means not follow trend, am I right?
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Hi bp2000, Wave 1 - 5 is one complete cycle, which will be followed by a corrective wave. So you are correct, after wave 5 you expect a re-tracement/trend correction in the opposite direction. Hope that helps.

Guz

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Hello
I think, this is a very interesting discussion about EW. But would it not be good to have it in a thread of it self? At least I would join it if it was ...
Br
Gl
 
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