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#5 Range-bound trading (Following WellxAMA)



Submitted by Edward Revy on June 29, 2010 - 17:57.

One of the easiest methods to distinguish range-bound conditions from trends is probably by looking at indicators.
I'd like to introduce one those indicators, which attentive readers may have already discovered on our site, called WellxAMA - a custom MT4 indicator.

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Submitted by Thomas on August 13, 2010 - 03:53.

wellxAMA.mq4
http://forex-indicators.net/how-to-install-mt4-indicators

Thomas

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Submitted by User on November 22, 2010 - 23:41.

great signal !!!
thx Edward

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Submitted by User on January 5, 2011 - 09:35.

I am curious. Can we use that as a strategy for EA in Metatrader? Here is what I am thinking. Lets say when we get one of the blue dot, OrderSend (....Buy ...). If the dot is missing, then OrderSend (...CloseBuy)....

If the dot is yellow OrderSend (....Sell...), If missing yellow and previous was yellow OrderSend (... CloseSell ...)

However to do that , we need to modify you indicator. And I guess the following may be implemented.

If the wellXAMA = 0 ... means previous dot == green and a dot has been printed now and the color of dot printed now is also green

If the wellXAMA = 0 ... means previous dot == green and a dot has been printed now and the color of dot printed now is also green (buy)

If the wellXAMA = 1 ... means previous dot == Yellow and a dot has been printed now and the color of dot printed now is also Yellow (SELL)

If the wellXAMA = 2 ... means previous dot == green and a dot has NOT been printed now (Close BUY)
If the wellXAMA = 3 ... means previous dot == Yellow and a dot has NOT been printed now (Close Sell)

If the wellXAMA = 4 ... means previous dot == green and a dot has been printed now and the color of dot printed now is also Yellow (Close Buy)
If the wellXAMA = 5 ... means previous dot == Yellow and a dot has been printed now and the color of dot printed now is also green (Close Sell)

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Submitted by Emma on April 12, 2011 - 22:21.

Hi Dear Edward,
I am addicted to Your comments,Your enormous patience answering all question(s. Your ) dedication of helping people in this very difficult area is remarkable.I am spending couple hours daily reading Your web side and Your strategy. I am your big fan.I want to Thank YOU and Your Team for Your fantastic job and Your personal lovely energy.Maybe because of You I will try my best to be a better trader.
My Kindest Regards :
Emma

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Submitted by emma on April 12, 2011 - 22:23.

Could you repeat what you have been thinking?
Seems little " scary thoughts"
emma

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Submitted by User on August 5, 2011 - 20:55.

Excellent

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Submitted by Marijan on October 2, 2011 - 15:06.

What indicator settings would you recommend for 5M chart?
Thank you.
Marijan

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Submitted by User on May 11, 2012 - 11:55.

I have just stumbled on this forum, and want to express my appreciation for the effort to collect and categorize EA's and indicators. In case anyone wants to know more about this particular indicator, it implements the Kaufman adaptive moving average, and the filter
described in Perry Kaufman's book "Smarter Trading - Improving Performance in Changing Markets"
Kaufman suggests G = 2 (this is the exponent used to deemphasize small efficiency ratios.
He also suggests Kf from 1 to 10. This is the change in the AMA (from nearest extreme) required
to pass the filter.


  
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