I AM satisfied with the following version of a natural gas alert indicator. It is vastly superior to the previous two, identifying many, many more trade opportunities...
THURSDAY | JULY 11, 2024 If this signal for my 15-minute charts works out tomorrow, I'm probably going to start ignoring every other Forex-trading scheme I've conjured up to date. I can use it for traditional trading in my OANDA account and for trading both binary options and knock-outs in my NADEX account.
I like this five-minute alert for natural gas even better than the one-minute alert I coded yesterday...
FRIDAY | JULY 12, 2024 It became apparent this morning that my 15-minute trade alert missed some very obvious opportunities. I therefore took a second stab at the task and compared the two outcomes (see below). Clearly, to maximize the potential trade setups that are brought to my attention, I'm going to have to load BOTH versions on my 15-minute Forex charts.
In that same vein of maximizing opportunities brought to my attention, let me add my (blue and orange) five-minute Forex chart idea from today to my (red and green) five-minute Forex chart idea from Wednesday...
SEEKING CLARITY I wanted to make crystal clear exactly what comprised the sweet spots or "money measures" when it came to this past week's trading of commodities. In terms of the first asset I evaluated, it was essentially the slopes of two envelopes and two moving averages, and their positional relationships with respect to one another, that constituted my key graphics. In going through this same process with the next commodity, I came to realize that the two longer term indicators to which I was delegating a certain amount of responsibility (portions of which I chose to erase from the image below) could be deleted in that they really did not play significant roles in the context of shorter-term (drawdown circumventing) trades... This left me with a total of five indicators—three moving averages and two envelopes. After analyzing the third commodity, the strategy to use (incorporating two moving averages and one envelope) became so clear that I just deleted all the graphics and simply coded a corresponding trade alert indicator... When I got to the fourth and final commodity, it became obvious that I should take the exact same approach I took with the third. This resulted in a chart configuration quite different from what I was using previously, so it is likely it will need some degree of refinement. Even so, the measures I used seemed to possess enough validity to generate trade alerts that appear sufficiently actionable, even before double checking my numbers...
SATURDAY | JULY 20, 2024 CLARITY FOUND (I believe) This morning I finished coding indicators for gold, silver, natural gas and crude oil (posted elsewhere) with which I was satisfied enough to be led to detail the logic behind each in what's likely to be the (privately) published version of a book I started working on more than two or three years ago. The outcomes also resulted in my thinking I should go back and apply the same approach/principles to coding an indicator for my Forex charts, and here too, I find myself with ensuing handiwork based on a protocol that should be easy and straightforward to explain (in written form) to (private) participants in the theoretical financial escapades I'm imagining for the future... For now however, I simply plan to spend all my time trading and put to bed the never-ending development that an irrepressible desire to optimize my system has, to date, pushed me to keep working toward a goal that I think I'm finally looking at..
Here is a slightly different approach to the same idea (the bottom chart). In comparing the two, I like the second better. Even so, I will probably load both indicators on my charts. (Besides, whether or not I actually act on a given alert will be at my discretion, plus there will be additional graphics--not picture here--that will facilitate the decision making process.)
WEDNESDAY | JULY 24, 2024 As I continue to use what have become my standardized charts, I keep getting ideas for how to better capitalize on their contents. However, I somehow doubt I'm going to get any additional ideas on how to code a better intraday trade alert for gold than the one I compiled this afternoon...
...and yet, the one I finished coding just a few seconds ago I do believe I will be using in place of the one I coded yesterday afternoon... This indicator helped me to realize a $30 profit from the purchase of a single NADEX knock-out contract within the eight minutes following my having posted the above image...