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  • #301
  • Oct 18, 2006 11:29am Oct 18, 2006 11:29am
Anyway, what I observed is that the Setup is more important in signal a trend reversal than the Countdown. At least for H4 GBPUSD. On the Daily, the countdown is a little better.
The trend isyour friend untilis about to end...
  • #302
  • Oct 18, 2006 11:42am Oct 18, 2006 11:42am
aha and GP2X,

I've been comparing and contrasting the indicators you made and noticed this difference regarding intersection. First, aha's latest indicator is below.

I recall mentioning intersection a few pages back, and unless I'm mistaken the intersection for the buy setup does not occur until 2 bars after bar 9 of the setup, meaning that the buy Countdown should not begin where it did, but rather 3 bars after the bar 9 of the setup. Could someone else verify this, because if my interpretation is correct, it means intersection hasn't yet been coded correctly. Best regards
Attached Image
  • #303
  • Oct 18, 2006 11:44am Oct 18, 2006 11:44am
GP2X's indicator below of same chart for comparison. As mentioned in my previous post, IMO the buy countdown here begins where it should - 3 bars after the setup bar 9. aha and GP2X could you please talk over these differences and come to an agreement, best regards
Attached Image
  • #304
  • Oct 18, 2006 11:58am Oct 18, 2006 11:58am
While I'm at it might as well post something else I noticed. Attached below are two identical charts of USDJPY daily, one with aha's indicator, the other with GP2X's. Could you please account for the difference in where the buy setup bar #1 begins? GP2X's bar #1 begins one step later than aha's bar #1. Maybe a bug? Thanks
Attached Images
  • #305
  • Oct 18, 2006 2:14pm Oct 18, 2006 2:14pm
Yes, I notice this too. The reason is, if the first setup is not perfect, my code would recycle and use the second one(if it is). I didn't find anything in the document about how to handle this case. Please give suggestions!
Thanks!
Quoting weghio
While I'm at it might as well post something else I noticed. Attached below are two identical charts of USDJPY daily, one with aha's indicator, the other with GP2X's. Could you please account for the difference in where the buy setup bar #1 begins? GP2X's bar #1 begins one step later than aha's bar #1. Maybe a bug? Thanks
  • #306
  • Oct 18, 2006 2:16pm Oct 18, 2006 2:16pm
If bar8 or 9 meets the intersection requirement, the countdown could start from 9, that's why in my indicator you can see countdown 1 follows setup 8(sorry I didn't keep the 9 there).
Quoting weghio
aha and GP2X,

I've been comparing and contrasting the indicators you made and noticed this difference regarding intersection. First, aha's latest indicator is below.

I recall mentioning intersection a few pages back, and unless I'm mistaken the intersection for the buy setup does not occur until 2 bars after bar 9 of the setup, meaning that the buy Countdown should not begin where it did, but rather 3 bars after the bar 9 of the setup. Could someone else verify this, because if my interpretation is correct, it means intersection hasn't yet been coded correctly. Best regards
  • #307
  • Oct 18, 2006 2:39pm Oct 18, 2006 2:39pm
Our countdown starts from the same bar, but your setup is one bar behind mine....



Quoting GP2X
If bar8 or 9 meets the intersection requirement, the countdown could start from 9, that's why in my indicator you can see countdown 1 follows setup 8(sorry I didn't keep the 9 there).
Target: Trading naked.
  • #308
  • Oct 18, 2006 2:40pm Oct 18, 2006 2:40pm
Thanks Weghio, that's excellent testing work. I will look into the intersection problem... maybe I missed something important here.



Quoting weghio
aha and GP2X,

I've been comparing and contrasting the indicators you made and noticed this difference regarding intersection. First, aha's latest indicator is below.

I recall mentioning intersection a few pages back, and unless I'm mistaken the intersection for the buy setup does not occur until 2 bars after bar 9 of the setup, meaning that the buy Countdown should not begin where it did, but rather 3 bars after the bar 9 of the setup. Could someone else verify this, because if my interpretation is correct, it means intersection hasn't yet been coded correctly. Best regards
Target: Trading naked.
  • #309
  • Oct 18, 2006 2:41pm Oct 18, 2006 2:41pm
Thanks for answer that, Cristian.



Quoting cristian
You can see the numbers if you change the parameters on the "input" tab.
I just downloaded the indicator and put it on a chart for xauusd, 4h. the numbres seems to be different than version 0.3. I will check again when I'll get home and let you know.

Aha and the rest of the team: thanks for your work
Target: Trading naked.
  • #310
  • Oct 18, 2006 3:03pm Oct 18, 2006 3:03pm
anybody see any problems with my version? seems to be working w/o bugs so far.
  • #311
  • Oct 18, 2006 3:40pm Oct 18, 2006 3:40pm
Hi All,

As we all know many of the threads in Forex Factory Forum concern initialisation, development and trialling of both MT4 INDICATORS and MT4 EXPERT ADVISORS.

However, I find it difficult/impossible to keep track of all the versions, updates, tweaks etc.

What we have is a number of people working long and hard and selflessly for the benefit of others, but also a lot of confusion and lost time.

How often does someone request where to find "the latest version?"

And how often do you read "(blank) is an indicator not an EA" etc. etc.

Now, my point! Could the administrators set up to have a "master" post at the beginning of a thread where all the versions and explanations could be listed. This would mean regular updating.

For example:
1. Moneytree_EA.mq4 - EA Initial version for trialling by Grahame (19 Oct. 2006)
2. Moneytree_EA.mq4 - EA update & bug fix by Grahame (20 Oct. 2006)
3. Moneytree_EA.mq4 - EA T/S added by Grahame (20 Oct. 2006)
4. Moneytree_IND.mq4 - IND Indicator for Moneytree (22 Oct. 2006)
5. Moneytree_EA.2.mq4 - EA update by Goldigger (23 Oct. 2006)
6. Moneytree_EA.2.1.mq4 - EA only for EURUSD (24 Oct. 2006)
7. Moneytree_EA.2.2.mq4 - EA with Trading Hours options by Grahame (28 Oct. 2006)
8. Moneytree-EA.2.3.mq4 - EA latest update (sensitivity change) by Grahame (29 Oct. 2006)
9. Moneytree_IND.2.mq4 - IND Full template with colour coding etc. by Wendy (30 Oct. 2006)

OK. OK. Enough! I think you get the idea.

I'm tempted to go on, but I won't. I'm sure you can imagine how this would work!

By the way, these comments are not aimed at this or any other thread or person(s) in particular, but are general thoughts only. (EA Factory seemed a logical place.)

Finally, I have the greatest respect and admiration for ALL the people who operate and contribute to the forums. Many gifted people constantly trying to help others. A privilege for all of us.

DISCLAIMER. Any reference to persons alive or dead is purely accidental. (He He)

Kind Regards,

Grahame.
  • #312
  • Oct 18, 2006 3:42pm Oct 18, 2006 3:42pm
Hi again,

I just noticed a couple of explanations in my previous post are mysteriously missing.

Regards,

Grahame.
  • #313
  • Oct 18, 2006 4:20pm Oct 18, 2006 4:20pm
Please see bellow 2 charts for xauusd, 4h.
Version 0_4 is starting the countdown 2 bars later than version 0_3.

The third image is a screenshot taken right after I downloaded the indicator. Note that it shows bar 13 for countdown and a sell arrow. Later, none of the indicators didn't show the 13rd bar.
Wich one is correct?
Sorry, I just started to read about sequential and I am not sure if I can interpret the rules correct.
Attached Images
  • #314
  • Oct 18, 2006 7:28pm Oct 18, 2006 7:28pm
i propose something.

i am by no means a master of technical analysis, but i seem to remember even demark stating that he doesnt know why 9 and 13 as magic numbers seem to work--they just do.

he shows examples that work a lot, but there are also a lot of times when they do not. just look at any pair and there are a lot of times when there is some failure.

i would like to see the indicators be configurable in terms of the # of bars for setup and # of bars for countdown, i.e. do not hardcode 9 and 13. im sure there is an optimum # of bars for each pair/timeframe.

then we could backtest this and choose the highest percentage winner.
  • #315
  • Oct 18, 2006 8:50pm Oct 18, 2006 8:50pm
Hi Weghio, GP2X,

I double checked my intersection logic and find that it is correct.

aha


Quoting aha
Thanks Weghio, that's excellent testing work. I will look into the intersection problem... maybe I missed something important here.
Quote:
<TABLE cellSpacing=0 cellPadding=6 width="100%" border=0><TBODY><TR><TD class=alt2 style="BORDER-RIGHT: 1px inset; BORDER-TOP: 1px inset; BORDER-LEFT: 1px inset; BORDER-BOTTOM: 1px inset">Originally Posted by weghio
aha and GP2X,

I've been comparing and contrasting the indicators you made and noticed this difference regarding intersection. First, aha's latest indicator is below.

I recall mentioning intersection a few pages back, and unless I'm mistaken the intersection for the buy setup does not occur until 2 bars after bar 9 of the setup, meaning that the buy Countdown should not begin where it did, but rather 3 bars after the bar 9 of the setup. Could someone else verify this, because if my interpretation is correct, it means intersection hasn't yet been coded correctly. Best regards
</TD></TR></TBODY></TABLE>
<!-- / message -->
Target: Trading naked.
  • #316
  • Oct 18, 2006 9:00pm Oct 18, 2006 9:00pm
Haven't checked it carefully, but your count down bars shouldn't start from your bar 1 because "intersection" haven't qualified yet.



Quoting hans_gregor
Should be here the countdown? Or I'm missing something again!!?
http://picnac.com/images/1971Untitled-1.jpg
Target: Trading naked.
  • #317
  • Oct 18, 2006 9:04pm Oct 18, 2006 9:04pm
Sorry clam16, I am too busy to test your td seq. But I like the way you draw those dashed lines. I may add them for the SL to mine.



Quoting clam61
anybody see any problems with my version? seems to be working w/o bugs so far.
Target: Trading naked.
  • #318
  • Oct 18, 2006 9:05pm Oct 18, 2006 9:05pm
Hi aha,

I've read the first few posts of this thread and though I am not using the indicator/EA you created (as of the moment), I just would like to express my gratitude/thanks for the hard work you have shown in this thread and in your works.

It is highly appreciated.

Yours in Fiji's teachings in trading psychology.

East
  • #319
  • Oct 18, 2006 9:07pm Oct 18, 2006 9:07pm
v0.4 has a more sophisticated recycling logic. and stole clam16's idea of show/hide numbering,



Quoting howard
Thanks for the new version

What is the improvement on version 4 as compared to v 3, in v4 I do not see the numbering on the bars , only the arrows. In v3 both numbering and arrows show; am I right or has it not been downloaded properly?

Regards

howard
Target: Trading naked.
  • #320
  • Oct 18, 2006 9:37pm Oct 18, 2006 9:37pm
Quoting aha
Haven't checked it carefully, but your count down bars shouldn't start from your bar 1 because "intersection" haven't qualified yet.
Perfectly right. Even on your chart you have another Buy Setup and I don't have one, there is no countdown.
The trend isyour friend untilis about to end...
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