I have always liked the idea of trading with dashboards you know, let the dashboard tell you where to go and then take your trades from there.
Lately I have been drawn again to the Currency strength Dashboard and there are so many out there free and proprietary but I feel that since they all work on the premise of pairing strong versus weak currencies, one can start out with the ones freely available here on FF.
The problem with nearly all is the inability for you to backtest visually or via an automated script or EA so I haven't really traded with them.
Another major drawback is that the values are constantly changing quite unlike most time based indicators that take a stand after the close of your desired time frame so most times you wonder what were the values derived and displayed before you viewed the chart.
Some moves may be exhausted before being picked up on the dashboards.
My recent observations points me to the fact that the values for the weekly time frame is more stable and I want to watch further.
This thread will be daily devoted to watching the W1 values and see how consistent the pairings derived from that time frame's values are moving forward.
Credit should be given to https://www.forexfactory.com/honestknave who supplied the csDash Indicator which can be obtained from here...
https://www.forexfactory.com/showthread.php?t=537107
And to https://www.forexfactory.com/shahed58 who supplied the CS_Shahed58_Ver7 EA obtainable here...
https://www.forexfactory.com/showthread.php?t=758795
Here's the template
And the indicators and EA
Later I hope to find how to successfully use lower time frame values but for now I'd just be watching the W1.
Lately I have been drawn again to the Currency strength Dashboard and there are so many out there free and proprietary but I feel that since they all work on the premise of pairing strong versus weak currencies, one can start out with the ones freely available here on FF.
The problem with nearly all is the inability for you to backtest visually or via an automated script or EA so I haven't really traded with them.
Another major drawback is that the values are constantly changing quite unlike most time based indicators that take a stand after the close of your desired time frame so most times you wonder what were the values derived and displayed before you viewed the chart.
Some moves may be exhausted before being picked up on the dashboards.
My recent observations points me to the fact that the values for the weekly time frame is more stable and I want to watch further.
This thread will be daily devoted to watching the W1 values and see how consistent the pairings derived from that time frame's values are moving forward.
Credit should be given to https://www.forexfactory.com/honestknave who supplied the csDash Indicator which can be obtained from here...
https://www.forexfactory.com/showthread.php?t=537107
And to https://www.forexfactory.com/shahed58 who supplied the CS_Shahed58_Ver7 EA obtainable here...
https://www.forexfactory.com/showthread.php?t=758795
Here's the template
Attached File(s)
! M 3 DASHBOARD.tpl
209 KB
|
1,837 downloads
And the indicators and EA
Attached File(s)
DBT.rar
379 KB
|
2,380 downloads
|
Uploaded Nov 19, 2018 6:51am
Later I hope to find how to successfully use lower time frame values but for now I'd just be watching the W1.
Let it turn and find your entry.