There was an error in this gadget. Take a look and monitor the performance: Posted by TradingArsenal Team at 1: Links to this post Email This BlogThis!
The rule is to take the currency pair's average daily range ADR and divide by a number between The smaller the divisor number, the larger the trend you want to identify.
You want to identify a medium length intraday trend. If you want to try a different length, either change the indicator properties settings, or open a new chart and test a new length setting with a separate instance of the indicator. This could be worth to have a chat with the author as well. Posted by TradingArsenal Team at APAMI indicator configuration recommendations. A by Jon The default settings should be enough to get you started with most reputable brokers.
But I think The primary focus is on the length of the move: Well, start with this: It's more difficult to build a valid strategies around it. I hope 4EverMaAT will share some ideas with us soon. I see a potential to use this indicator together with grid system ideas presented here: There is no one right or wrong way to enter or exit.
It is important that it be completely systematic mechanical. With a mechanical approach, you can then focus, test, and optimize the parts you have control over mainly position sizing and exits , and give up trying to force the market to go where you want it to.
I trade pullbacks, and so I use a reverse grid to cover the trend as long as I have to achieve a net profit, break even, or small loss. As you do more and more tradecycles repetitions , the risk decreases. In a similar way in factory production, the cost per unit decreases the more units you produce with the same net costs. I will probably write another article addressing this, but I think for now it is good idea for people to read the original turtle trading strategy.
It's too bad that other vendors have hijacked their original domain name, linked to their commercial product, and removed the original turtle rules pdf.
Start with the intro and first chapter; that will give you more insight as to mechanical trading strategies. Note my strategy is not directly a turtle trading strategy, but the fundamentals of a complete and honest strategy are in the pdf and i think it is worth looking at. Note my strategy is not directly a turtle trading strategy, but the fundamentals of a complete and honest strategy are in the pdf link to PDF and i think it is worth looking at. I s there any who uploaded and made profit by this indi A by kor4x: This would not be exactly true.
There are no indicators that just are giving you money, indicators are just tools, helpful or useless tools. Any tool, if mastered properly is giving you an edge. AMP or korHarmonics indicator can scan me the charts to fine harmonic patterns and potential trades. APAMI tool is very helpful, but one need an understanding and skill to use it.
The default settings should be enough to get you started, but require optimization for profitable use. Posted by TradingArsenal Team at 7: Couple of such grid system system ideas are presented here: Harmonic grid trading system - Volcano setup Expert4x grid hedged trading EA Harmonic martingale entries system Harmonic grid trading system - Directional profits Harmonic grid trading system - Reversed martingale.
APAMI indicator free download is available for you at this link: Posted by TradingArsenal Team at 4: Posted by TradingArsenal Team at 3: APAMI indicator installation manual. Extract ex4 file to C: Extract dll file to C: Step6 Wait some seconds. APAMI needs to collect and process some data before appears on the chart. Your chart should look like this. You can change them of course. Basically, you tell the indicator how long of a trend you want to measure, and like a ruler that measures inches or centimeters, APAMI will measure the pips between two points.
This method of choosing price action allows the user to finally retire all those [worthless] lagging indicators and focus on the one thing that matters most: Vauge definitions like "a series of higher highs and higher lows" made traders more confused as to exactly how to interpret a trend.
So a bunch of predictive models emerged, attempting to guess where prices were going next. Or those who would measure a "real" trend did so with tools like zigzag or fibonacci retracement, which can only be done in hindsight after the supposed trend occurred.
Very helpful to detect trend, and what's more important APAMI does it automatically and in real-time.More...