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Roofing Filter (Indicator Profile Series)
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I'm not being lazy. I promise. I I
didn't want to change the picture from
last time because I just love the Fap
Turbo Trading Robot picture so much. I
It is the John Ellers roofing filter
indicator. And shout out to John Ellers.
Um, I knew he was a legend in the space.
I have enjoyed trading with his
indicators for a long time, but it
really took the indicator profile series
to realize just how many absolute
bangers this guy put out in his life. He
is absolutely on the Mount Rushmore of
technical analysis right next to Dan
Stone of Stonehill Forex. But we're
going to get into the roofing filter
indicator here now. And before we do
that, just know if you're new, uh, have
fun. enjoy the video, but you're not
going to really understand what we're
doing. You need to go here, nononsense4ex.com,
nononsense4ex.com,
read the first page, watch the first
video, get caught up. It is so worth it.
And then you can come watch all these
videos. They will make total sense. But
for those of you who have already done
that, let's go ahead and check out the
specs for the roofing filter. The year
is going to be 2013. This is going to be
a confirmation indicator. It's going to
be a zero cross this time around. And as
far as exits go, you guys know how we
feel about zero crosses as exit
indicators, right? Wrong.
This actually does make for a pretty
good option for an exit indicator. How
can this possibly be? Well, let's go
ahead and take a look at the original
version, and you'll see what I'm talking
about. This is how it comes right out of
the package. And you can see it's one of
those two lines cross indicators that
sticks very close to each other. Now,
you may not like the exit signals it
gives you in this example, but that's
where the tweaks come in. I really,
really like indicators that do this for
exit purposes, for a lot of purposes
really. Problem is, uh, it just didn't
test as well as it did when we made it a
zero cross. And that's really the magic
with a lot of these things because I
don't know who out there one who out
there is even putting videos on trading
indicators like this. But who actually
takes indicators in their original form
and then just finds better ways to use
them? And we have done that many many
times here on the show. Now, for what
it's worth, uh the two lines cross
version didn't test out badly. Um but
this just tested out way better. And
we're going to see those results really
soon. But I need to remind you, it
doesn't even really matter what you see
on our testing. It all matters how it
does in your system. So, you need to be
doing that immediately after you watch
this video, Dan's video, and the blog
post. What am I talking about? Well,
down below, we have everything for you.
If you don't know how to test, we have a
link to my automation blog, which has an
embedded video showing you how to test
this yourself on the MT4 strategy
tester. Is this available on MT5 or
Trading View? We don't know. Run a
search. But you're definitely going to
want to go to the blog because it has
the tweak settings that I don't show you
here. And it shows you a lot of other
things about this indicator as well. The
history, the math behind it, all sorts
of good stuff. And if you like my stupid
jokes at the very top of these videos,
then Dan usually puts one on the top of
the blog as well. So, twice the
excitement. Uh, also he has a YouTube
channel and he has a supplemental video
to mine where he shows this indicator
moving in real time on the one minute
chart to show you that it doesn't
repaint. Just so we don't have that
rando come in, you know, 5 months later
and say, "This thing repaints." Come on,
dude. No, it doesn't. Uh, but he does
also add additional information on his
video. So, make sure you see that, too.
Now, if you want to submit an indicator
for profiling, we have done a handful of
these in the past. There's a special
email address where you can go do that.
Simply mentioning it in the comments
section is not going to get you there,
but people who do it properly have a
much better chance of having their
indicator profiled. And then don't
forget the most popular place in all of
the internet and AI and in the world.
It's the indicator library where you can
download the roofing filter and every
other indicator we have profiled right
here on the indicator profile series.
Let's go ahead and take a look at the EuroUSD.
EuroUSD.
And this is nice. This is above average.
That's 7.11%.
uh a bit low on the signals u but
actually an improvement from the signals
it was giving before. So could this be a
possible secondary confirmation
indicator for some of you? Yes. Could
this be a primary confirmation indicator
for some of you? Yes. But just note the
lower amount of signals and know that
those that number of signals is going to
go down as you add pieces to your ALGO.
Um but yeah, you got to like that huge
win percentage here too. There is a lot
to like. Is there also a lot to like on
gold? Yes, there is um above average
numbers here as well. Solid win loss
ratio, higher on the signals, but
performing quite well there. Now, as far
as the S&P 500 goes, this might just be
the best result of them all. lowass
signals uh as as it kind of has been
lately with some of these uh but going
over the average for the year on the S&P
500 in one indicator that is tremendous.
I think those of you who do not trade
indices are missing a very very big
opportunity here. Just saying. But let's
go ahead and finish it off with Bitcoin.
And I would say probably above average
too here. Again, you have to note the
lower amount of signals. It's just going
to be one of those indicators. But look
what a little bit of tweaking can do.
Takes you from negative territory all
the way up to near 16%. So a big success
this week as this indicator has
performed above average all across the
board. That is not easy to do and could
also act as an exit indicator. That is a
big win all across the board. Do you
like big wins all across the board? I
do. Like, subscribe, hit the bell. Don't
miss anything. All we do is win. Here we
have the trading psychology podcast
every other week. We have the 10-minute
contra investing podcast every week. And
we have all sorts of trading videos all
over the channel. Do not miss anything.
Like, subscribe, hit the bell, and go
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