divergence system, seems good, but needs some help
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Thread: divergence system, seems good, but needs some help

  1. #1
    I seemed for divergence indiors and found this one called rsx nrp reg histo_mtf divergence nmc attached under. I place it on chart, default preferences. Then put MA angle alert, too below on chart to determine the fad. I set it to SMMA, and interval 50.

    Entrance is,
    when SMMA turns bull, look at 1min chart, and wait for RSX displays buy signal(upward arrow). SL is 7(including disperse ) then make profit is 40.
    If SMMA turns bear, look at 1min chart and wait for RSX shows sell sign (down arrow). TP and SL is the same.

    I seemed at chart from mid october 2014 and it seems to make good profit.
    But from the end of oct or to beginning of november, it makes a lot of SL since on 30min chart, it is a little range market and makes a lot of stop losses.

    However, expect that moment, it seems to make good profits. I know it's very straightforward but I just don't understand how to add more filters to this.

    Take a look at it, I think you might like the result you visit while it makes good profit. . I like this divergence indior because I will set small stop loss and set big take profit.
    I think that it can make around 200pips a month or longer, but I want help to make it work when it is in range market.
    Expect some people here can get inspiration or something from this.
    Your feedback is greatly appreciated! Thank you.
    Merry Christmas.
    https://www.nigeriaforextrading.com/...1112384224.mq4
    https://www.nigeriaforextrading.com/...1309945196.mq4

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  4. #4
    Quote Originally Posted by ;
    I looked for divergence indiors and found this one called rsx nrp reg histo_mtf divergence nmc attached below. I place it on 1min chart, default preferences. Then place MA angle alert, too under 30min chart to determine the fad. I put it to SMMA, and interval 50. Entrance is, when SMMA turns bull, look at 1min chart, and wait for RSX shows buy signal(up arrow). SL is 7(including spread) then take profit is 40. If SMMA works bear, look in 1min chart and wait for RSX shows sell signal(down arrow). SL and TP is the same. I looked at chart from mid october...
    Hello makototokyo! Please put a picture of this chart.

  5. #5
    In range market you have to be quite careful as little SL don't operate and you'll be chasing your tail most of the time. The very best divergence egy is when you are able to spot a reversal and apply the divergence as a confirmation for such alteration. . .coupled with ABCD pattern as well as Elliott wave and you are all set to bag some nice pips.
    Good Luck

  6. #6
    thank you guys for your replies.
    Ok, today I am producing the image to explain how I do it.
    The Wizard, yeah, granville and Elliott wave thing. Is there a link that explains how to use those with divergence together?

    From how I forgot to tell, when you enter bull market and whether or not it hits 40pips take profit, you don't enter again till the angle reveals bear.
    So, once you get 40pips profit by buying, the next entry is going to be market. You don't try to re input the same direction again.

    And, after it becomes 10pips plus, you move the stop loss to break even.

  7. #7
    okay here it is. It shows just short term examples, so I think that it's easier for you to see if you only employ those indiors on your mt4 and look on it.
    It is from 2014, october 24th to the end of october.

    In this time there's just 4stop losses, which is
    -7pips times 4= -28pips
    two achievement transactions, 40pips times 2 80 pips
    -28 80 = 52pips a week.

    It is about for a week end result and it may not be long enough to see whether it's good or not, if you see longer term example, you may see that it's not so bad

    update: I attached result from oct. 3rd into nov. 6th. Maxp = maximum profit DD=drawdown(biggest negative pips in the marketplace )
    it is to find out what prevent loss I should set and what take profit I should put.
    I ought to be able to make about 280 pips in october. But from nov. 7th to 13th, lots of stop losses at which I meet with the difficulty.

  8. #8
    Can you please explain to me why does divergence happens anyhow. Taking a look at the formulas of a few of the indiors it has no feeling for me. .

  9. #9
    Quote Originally Posted by ;
    Can you please explain to me why can divergence happens anyway. Taking a look at the formulations of a few of the indiors it has no sense for me. .
    Well I don't understand myself but important thing here is that we know how to utilize it. It's like you don't understand why wifi works but you understand how to use it well, ha

    btw long time MACD can work better than MA angle so let me take a look.

  10. #10
    Some ideas, fellow members...??
    It shouldn't be so hard, I should be there soon to make this egy . What's needed?
    I think occasionally it keeps hitting SL because the divergence signal occurs when the trend is reversing therefore, adding some trend follow indior or method ought to make it even better. .
    Or maybe I should wait until the trend occurs, like waiting for price to hit bollinger band or MA envelop. . ?
    Is not there anyone with ideas.

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