EA Factory

Quoting aha

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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.

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Quoting eastmaels

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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

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Quoting clam61

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thanks for the compliment.

the dashed lines surround the setup phase, the solid line appears only on a 13 countdown and represent one of the stop loss methods that demark speaks of.

unfortunately, he did not offer a stop loss method for a 9 day setup...because that seems to work best in forex markets which are somewhat volatile

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Quoting weghio

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Hello aha and/or GP2X, could you do me a favor and explain the difference in charts in my post #302 and #303 (p. 21)? Because I'm now utterly confused as to why the Countdown bars are different there and I had assumed it had to do with intersections. Thanks

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Quoting aha

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Here is a EA I made based on Bago crosses. I already embedded some filters in the EA so you won't see as much as signals the original Bago crosses would produce.

I call it Bago crosses (EMA&RSI crosses) instead of Bago system because Bagovino applies his own filters on the signals generated by Bago crosses and those filters completes the entry condition of his system. Because I haven't found a good way to code his filter set yet so what this EA base on is actaully only the Bago crosses plus some of the filters I added on the top.

This EA is profitable for EURUSD GBPUSD USDCHF AUDUSD in the backtesting from 2004. However you are welcomed to challenge this conclusion by testing it on other pairs.

I have forward tested it for about a week and the result was positive. But since I begin the forward testing of Mouteki EA I have to stop this one because I don't have that many computers to test all the EAs I have. If someone can pick it up and post the result from time to time here that would be great.

The Bago_AHA indicator use the same rules as the Bago EA, but instead of placing a trade it put an arrow on the chart and send an email to alert you. You can set it up so the email is sent directly to your cell. In that way you won't even miss the signal at the night (providing that you can be woken up by your cell. Sometimes that fails on me). The signal is sent 2 minutes before the bar close, which should buy you some time to rush to your computer and maybe apply your own filters to decide to take the trade or not.

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Quoting weghio

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Hi phoenix,

Thanks for the gracious offer. The true high refers to either the HIGH of a given bar, or the CLOSE of the previous bar, whichever one is higher. True low refers to either the low of a given bar, or the close of the previous bar, whichever one is lower. Best regards

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Quoting clam61

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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.

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Quoting aha

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Ok, here I go first:

After a setup completes itself, we need to validate it before we start count down -- check intersection. When buy setup complete at bar 9, we first check if the bar 8 or bar 9 are overlaping with the bars 3-bar earlier (the highs of these two bars need to be higher than the lows of bar 6 or before). If bar 8, bar 9 don't qualify, we move forward and continue the check. In the chart you posted, when we move to the bar after bar 9, say bar 10, we check bar 9 and bar 10 just as we did for bar 8, bar 9 when we were at bar 9. BUT this time we are comparing bar 10 and bar 9 with bar 7 and before. Because bar 9's high is higher than bar 7's low (overlaping, intersection), condition is met, so we start countdown. The bar 10 happens to satisfy the count down bar's condition, so bar 10 becomes the bar 1 of the count down sequence.

That's logic behind my indicator.

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Quoting phoenix

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in the demark movie (on bloomberg), demark mentions that he initially tried 8 and 13 in his development of his system.
he eventually found 9 to be more effective.

i'm guessing he initially tried 8 and 13 because they are fib numbers, but then after testing found that 9 was the better number to use.

clam, i'm in agreement with you that it would be good to test other numbers other than 9 and 13. (especially considering there is some precedence for it from the original designer of the indicator).

I can also see this suggestion opening a huge can of worms in that we can test all parameter of his indicator ad finitum e.g. we can test the 4 bar previous rule in setup, why not 3 or 5? or we can test the two bar rule in the countdown. the list goes on.

if we do it, we'd need to come up with some systematic, and efficient way of testing this.

phoenix

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Quoting weghio

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Hello aha and/or GP2X, could you do me a favor and explain the difference in charts in my post #302 and #303 (p. 21)? Because I'm now utterly confused as to why the Countdown bars are different there and I had assumed it had to do with intersections. Thanks

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Quoting GP2X

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For 302 and 303, I don't think any version is correct. Bar 9's high is greater than Bar 6's low, which meets the intersection. So the counter down should start immediately from Bar 9. Bar 9's close is lower than Bar 7, which meets the countdown. So Bar 9 should be marked as both 9 of the setup and 1 of the countdown. I am try it in my new version to make sure it gets fixed.
Thanks for pointing it out.

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Quoting GP2X

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Yes, I got the same idea, was working on my next version allows all the numbers to be configurabled.

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Quoting aha

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I will settle for 9 and 13 so far. That way we won't spend our time on the same thing. My next step will be TD Combo.

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Quoting clam61

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here is my attempt at the sequential indicator

for now its just the bullish reversal--adding a bearish reversal is trivial.

some other things i added include entry and exit strategies as specified by demark in his book

-- configurable colors
-- horizontal lines boxe the true high and true low of the setup
-- you have to option to display the #s or not..it can clutter up the screen
-- an up arrow is displayed on a perfect 9 setup
-- an P is displayed on a perfect 13 setup
-- a different style arrow is displayed on a 2 bar flip after a 13 as specified
-- another different style arrow is displayed on a 4 bar flip after a 13
-- a stop loss line is drawn
-- an "x" is draw when the setup or countdown is nullified


the pic below happens to show all of these even though it wasnt the best trade

you can see the up arrow below the 9 signifying it is a perfect 9 buy
you can see the P and the different style arrows specifying the entry tactics explained by DeMark
you can see the stop loss line
you can see the "x" where, during countdown, a close occurred above the true high of the setup period nullifying the countdown.

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Quoting aha

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If you take a second look, Bar 9's high is lower than bar 6's low. I think my version is correct.

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