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Attachments: Consecutive Candles Williams %R and Volume with 55EMA Baseline
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Consecutive Candles Williams %R and Volume with 55EMA Baseline

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  • Post #81
  • Quote
  • May 13, 2019 4:12pm May 13, 2019 4:12pm
  •  binnie
  • Joined Dec 2010 | Status: Member | 839 Posts
Good morning all,
Wrong time of clock for me too Chris. Sleep time in NZ.
I see that Silver also performed just like Gold and I have shown what happened on the Pound too. I have been trialling some futures like Dow and Nas but these do not seem to move in same way. Just looking still but your Gold/Silver & some cross currencies are very promising.

Attached Image (click to enlarge)
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Name: silver_14May.png
Size: 69 KB
Attached Image (click to enlarge)
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Name: GU_14_May.png
Size: 41 KB
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  • Post #82
  • Quote
  • May 13, 2019 6:38pm May 13, 2019 6:38pm
  •  cfudge
  • Joined Apr 2013 | Status: Member | 1,158 Posts
Hi salim
Glad you got some pips from that move...

binnie, I had some luck on AUDNZD and GBPCHF when I was testing, originally, with opening and closing on each signal. The only difference is I wasn't using the 55ema or volume, just crosses of the -20/-80 lines. Regular pairs did not seem to respond like gold, silver and oil do with the current system.


@all, I am in contact with a coder, whom I have been working with, on some renko EAs.
He has had a look at this thread and thinks we could make it into a single indicator, with arrows for signals and a way to signal exits too. Then we might be able to get an EA out of this.

I will keep updating as I know more.

Chris
4
  • Post #83
  • Quote
  • May 13, 2019 6:49pm May 13, 2019 6:49pm
  •  eurix
  • | Joined Apr 2011 | Status: sometimes here | 187 Posts
I found this on the i-net, maybe it helps in coding
Attached File
File Type: mq4 consecutive candles 1_02.mq4   6 KB | 273 downloads
1
  • Post #84
  • Quote
  • May 13, 2019 6:50pm May 13, 2019 6:50pm
  •  binnie
  • Joined Dec 2010 | Status: Member | 839 Posts
Quoting cfudge
Disliked
Hi salim Glad you got some pips from that move... binnie, I had some luck on AUDNZD and GBPCHF when I was testing, originally, with opening and closing on each signal. The only difference is I wasn't using the 55ema or volume, just crosses of the -20/-80 lines. Regular pairs did not seem to respond like gold, silver and oil do with the current system. @all, I am in contact with a coder, whom I have been working with, on some renko EAs. He has had a look at this thread and thinks we could make it into a single indicator, with arrows for signals and...
Ignored
Thx Chris - I just had a look at US Oil and there was a nice 15min short around 2am US Time.
Will be interesting to see how a single arrow type indy will go. Renko is visually really appealing but gees it's hard to jump onto when it starts moving fast LOL.Good luck with the coding project - unfortunately I know Zero - Zip about coding etc but here if I can help in other way.
Binnie
1
  • Post #85
  • Quote
  • May 14, 2019 4:35am May 14, 2019 4:35am
  •  salimc
  • Joined Jan 2012 | Status: Trader | 1,237 Posts
Quoting binnie
Disliked
Good morning all, Wrong time of clock for me too Chris. Sleep time in NZ. I see that Silver also performed just like Gold and I have shown what happened on the Pound too. I have been trialling some futures like Dow and Nas but these do not seem to move in same way. Just looking still but your Gold/Silver & some cross currencies are very promising. {image}{image}
Ignored
To catch the moves of Gold you have to be active in London or NY session or you will miss the train
2
  • Post #86
  • Quote
  • May 14, 2019 5:04am May 14, 2019 5:04am
  •  salimc
  • Joined Jan 2012 | Status: Trader | 1,237 Posts
Quoting cfudge
Disliked
Hi salim Glad you got some pips from that move... binnie, I had some luck on AUDNZD and GBPCHF when I was testing, originally, with opening and closing on each signal. The only difference is I wasn't using the 55ema or volume, just crosses of the -20/-80 lines. Regular pairs did not seem to respond like gold, silver and oil do with the current system. @all, I am in contact with a coder, whom I have been working with, on some renko EAs. He has had a look at this thread and thinks we could make it into a single indicator, with arrows for signals and...
Ignored
Thanks Chris.
My personal experience is that price runs faster than the indicator. The candles change colors. Sometimes there is buy and sometimes sell signal because the price moves up & down. So how you will believe in the indicators? I have spend a lot of money on indicators but didn't get me an edge over the market with them. So i better use my own way with Bollinger band. With BB you can gauge the market (at least which I do).
I am in short for Gold now. now waiting for the outcome. The SL is a bit higher than yesterdays high. Don't know what will happen after NY opens
Thanks.
2
  • Post #87
  • Quote
  • May 14, 2019 9:33am May 14, 2019 9:33am
  •  cfudge
  • Joined Apr 2013 | Status: Member | 1,158 Posts
Quoting eurix
Disliked
I found this on the i-net, maybe it helps in coding {file}
Ignored
Hi eurix
Is this the same indicator? Where did you find it?

Chris
1
  • Post #88
  • Quote
  • May 14, 2019 9:37am May 14, 2019 9:37am
  •  salimc
  • Joined Jan 2012 | Status: Trader | 1,237 Posts
Quoting binnie
Disliked
Good morning all, Wrong time of clock for me too Chris. Sleep time in NZ. I see that Silver also performed just like Gold and I have shown what happened on the Pound too. I have been trialling some futures like Dow and Nas but these do not seem to move in same way. Just looking still but your Gold/Silver & some cross currencies are very promising. {image}{image}
Ignored
good work binnie
  • Post #89
  • Quote
  • May 14, 2019 12:06pm May 14, 2019 12:06pm
  •  eurix
  • | Joined Apr 2011 | Status: sometimes here | 187 Posts
s
1
  • Post #90
  • Quote
  • May 14, 2019 12:07pm May 14, 2019 12:07pm
  •  eurix
  • | Joined Apr 2011 | Status: sometimes here | 187 Posts
Quoting cfudge
Disliked
{quote} Hi eurix Is this the same indicator? Where did you find it? Chris
Ignored
https://www.cryptocraft.com/showthre...1#post12247591

It seems to be the same, only in mql
1
  • Post #91
  • Quote
  • May 14, 2019 1:02pm May 14, 2019 1:02pm
  •  salimc
  • Joined Jan 2012 | Status: Trader | 1,237 Posts
Quoting eurix
Disliked
{quote} https://www.cryptocraft.com/showthre...1#post12247591 It seems to be the same, only in mql
Ignored
good work
1
  • Post #92
  • Quote
  • Edited at 4:52am May 15, 2019 3:59am | Edited at 4:52am
  •  Genry_05
  • Joined Apr 2011 | Status: Member | 895 Posts
Quoting salimc
Disliked
{quote} Thanks Chris. My personal experience is that price runs faster than the indicator. The candles change colors. Sometimes there is buy and sometimes sell signal because the price moves up & down. So how you will believe in the indicators? I have spend a lot of money on indicators but didn't get me an edge over the market with them. ...
Ignored
Good day, Salim!
To improve the forecast, you can use the statistical advantage. This approach is used in the indicator "consecutive candles" which checks two candles to search for price impulses in the direction of %R, but how effective is it? To answer this question, check with what probability the reversal occurs after X-consecutive candles in one direction. As a result, we will get more reliable settings for candle filtering.
According to the results of the analysis, you can set up an indicator of the type “asymmetric fractal” in which the left shoulder will contain the number of bar after which the turn is most often, and the right shoulder will be short - 1 candle (this will be its delay).

Here are the results of statistical analysis for a pair of EurUSD m15 on the interval of 10 years:
========== M15 from 01.01.2009 - 01.02.2019
EURUSD,M15: Closing percentage with price increase 12 candles - 83.33%
EURUSD,M15: Closing percentage with price increase 11 candles - 70%
EURUSD,M15: Closing percentage with price increase 10 candles - 67.74%
EURUSD,M15: Closing percentage with price increase 9 candles - 62.5%
EURUSD,M15: Closing percentage with price increase 8 candles - 60.05%
EURUSD,M15: Closing percentage with price increase 7 candles - 57.73%
EURUSD,M15: Closing percentage with price increase 6 candles - 56.73%
EURUSD,M15: Closing percentage with price increase 5 candles - 56.17%
EURUSD,M15: Closing percentage with price increase 4 candles - 55.36%
EURUSD,M15: Closing percentage with price increase 3 candles - 55.02%
EURUSD,M15: Closing percentage with price increase 2 candles - 54.17%
EURUSD,M15: Closing percentage with price increase 1 candle - 53.04%

It is clearly seen that the largest number of successful turns occurs after 11-12 consecutively growing candles. So we can adjust the fractal indicator with the left shoulder equal to 11-12 bar + extremum + 1 bar - the right shoulder (confirmation of the extremum).

Asymmetric fractal indicator in trailer. It does not best fit this method, but gives an idea of the work of the statistical advantage.
An example of filtering for Gold according to data from Euro on the screen - fractals are marked with rhombuses.
On screenshots are three orders for Gold today. At the top, the SL trawl worked, the lower ones were without a trawl.
Attached Images (click to enlarge)
Click to Enlarge

Name: Gold+Fractals.png
Size: 40 KB Click to Enlarge

Name: Gold+ConsCandle+Fractals.png
Size: 25 KB
Attached File
File Type: mq4 wlxFractals.mq4   8 KB | 272 downloads
Wherever you go, there you are (Jon Kabat-Zinn)
2
  • Post #93
  • Quote
  • May 15, 2019 5:23am May 15, 2019 5:23am
  •  Genry_05
  • Joined Apr 2011 | Status: Member | 895 Posts
I will show another filter that can be useful for this strategy. This is a Kiosotto indicator (thanks [email protected] & Scriptong, does not draw).
Successes, Colleagues, and profit!
Attached Image (click to enlarge)
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Name: Gold+m15+Fractals+Kio.png
Size: 43 KB
Attached File
File Type: mq4 Kiosotto_v41.mq4   21 KB | 431 downloads
Wherever you go, there you are (Jon Kabat-Zinn)
2
  • Post #94
  • Quote
  • May 15, 2019 5:38am May 15, 2019 5:38am
  •  aaven
  • Joined Jul 2015 | Status: Member | 2,260 Posts
Quoting Genry_05
Disliked
I will show another filter that can be useful for this strategy. This is a Kiosotto indicator (thanks [email protected] & Scriptong, does not draw). Successes, Colleagues, and profit! {image} {file}
Ignored
Genry,

Can you kindly show how the indicator increases the odds of better entry.

Thanks
  • Post #95
  • Quote
  • May 15, 2019 5:50am May 15, 2019 5:50am
  •  Genry_05
  • Joined Apr 2011 | Status: Member | 895 Posts
Quoting aaven
Disliked
{quote} Genry, Can you kindly show how the indicator increases the odds of better entry. Thanks
Ignored
I showed it on the bottom screen of my first post. For the first order entry condition was:
1. %R in oversold area
2. "VolumeAndVolatility update" - green
3. wlxFractals previously painted a reversing rhombus
4. "consecutive candles 1_02" drew an arrow with a dot
5. if we take the Kiosotto signals into account (third screen), then the histogram level is above two thresholds: 15 and 21.

The second order by the usual rules.
Wherever you go, there you are (Jon Kabat-Zinn)
2
  • Post #96
  • Quote
  • May 15, 2019 5:59am May 15, 2019 5:59am
  •  aaven
  • Joined Jul 2015 | Status: Member | 2,260 Posts
Quoting Genry_05
Disliked
{quote} I showed it on the bottom screen of my first post. For the first order entry condition was: 1. %R in oversold area 2. "VolumeAndVolatility update" - green 3. wlxFractals previously painted a reversing rhombus 4. "consecutive candles 1_02" drew an arrow with a dot 5. if we take the Kiosotto signals into account (third screen), then the histogram level is above two thresholds: 15 and 21. The second order by the usual rules.
Ignored
Thanks Genry...
1
  • Post #97
  • Quote
  • May 15, 2019 7:22am May 15, 2019 7:22am
  •  Genry_05
  • Joined Apr 2011 | Status: Member | 895 Posts
Quoting Genry_05
Disliked
{quote}..Here are the results of statistical analysis for a pair of EurUSD m15 on the interval of 10 years:
========== M15 from 01.01.2009 - 01.02.2019 EURUSD,M15: ...
Ignored
========== Gold M15 from 01.11.2017 - 24.04.2019
XAUUSD,M15: Closing percentage with price increase 14 50%
XAUUSD,M15: Closing percentage with price increase 13 33.33%
XAUUSD,M15: Closing percentage with price increase 12 57.14%
XAUUSD,M15: Closing percentage with price increase 11 69.57%
XAUUSD,M15: Closing percentage with price increase 10 66.18%
XAUUSD,M15: Closing percentage with price increase 9 59.76%
XAUUSD,M15: Closing percentage with price increase 8 57.64%
XAUUSD,M15: Closing percentage with price increase 7 56.43%
XAUUSD,M15: Closing percentage with price increase 6 56.58%
XAUUSD,M15: Closing percentage with price increase 5 57.86%
XAUUSD,M15: Closing percentage with price increase 4 56.17%
XAUUSD,M15: Closing percentage with price increase 3 55.25%
XAUUSD,M15: Closing percentage with price increase 2 54.2%
XAUUSD,M15: Closing percentage with price increase 1 52.86%

12 bar pattern: 10 left shoulder + extremum + 1 bar right shoulder
Wherever you go, there you are (Jon Kabat-Zinn)
  • Post #98
  • Quote
  • May 15, 2019 6:30pm May 15, 2019 6:30pm
  •  cfudge
  • Joined Apr 2013 | Status: Member | 1,158 Posts
Time for another update, just before the long weekend.

These are all closed trades from 05/05/19 to 05/15/19

Does no include the XAUUSD5 min trades, I am only paper trading those.

Chris

Attached Image (click to enlarge)
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Name: to 0515.jpg
Size: 171 KB
2
  • Post #99
  • Quote
  • May 16, 2019 1:29am May 16, 2019 1:29am
  •  aaven
  • Joined Jul 2015 | Status: Member | 2,260 Posts
Quoting cfudge
Disliked
Time for another update, just before the long weekend. These are all closed trades from 05/05/19 to 05/15/19 Does no include the XAUUSD5 min trades, I am only paper trading those. Chris {image}
Ignored
Great Going Chris... Which is the time frame you traded?

Thanks
  • Post #100
  • Quote
  • May 16, 2019 9:38am May 16, 2019 9:38am
  •  cfudge
  • Joined Apr 2013 | Status: Member | 1,158 Posts
Most are labeled in the comments in the pic.

I am trading gold 15min to daily

Chris
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