Student of Socrates (SoS) | Forex Factory

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Attachments: Student of Socrates (SoS)
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Student of Socrates (SoS)

  • #1
  • First Post: Edited Mar 11, 2020 1:26pm Jan 9, 2020 8:33am | Edited Mar 11, 2020 1:26pm
Hi everyone,
I am a big fan of Martin Armstrongs legendary computer model Socrates (Ai), so I had my own version made; Student of Socrates (SoS)
SoS is not nearly as good as Socrates, however its pretty damn good for technical anlaysis if you ask me.
Quick note: Its more of a guide than an indicator.

(info)
Student of Socrates (SoS)

Student of Socrates applies an untraditional type of technical analysis to your charts which is based up on cyclical analysis and is designed to capture the angle of the market as well as potential price reversals.

  1. The angle of the cyclically derived channel gives you a roadmap into the future as to what type of move you can expect;
  2. The steeper the angle the greater the tendency for a market to rally/decline rapidly.
  3. The Reversals tells you when a market can break to the up or downside.

Signals

  1. Buy/Sell signals are formed when price breaks through a bullish/bearish reversal on a closing basis.
  2. Trap Moves are formed when price breaks a reversal but then immediately closes back above/below the breakout-bar.


Important Reversal Note

  1. Most reversal are displayed in advanced, however some (very few) are displayed after the fact that they occurred or as some might say "late". The "late" reversals are formed when a reversal is created inside of a cycle, which causes a delay. Despite the fact of being delayed; these reversals still highlight important events and is not to be rendered from the charts.


Parameters

  1. Short Term Cycles: 1
  2. Long Term Cycles: 25
  3. Buy/Sell Signal: (Reversal): True/False
  4. Trap Move: True/False
  5. Comment Font Size: 8
  6. Bullish Reversal: Lime
  7. Bearish Reversal: MediumOrchid
  8. Buy Signal: Lime
  9. Sell Signal: MediumOrchid
  10. Trap Move: Aqua
  11. Show Exhaustion Pattern (9/13): True/False
  12. Extend Risk Level: True/False
  13. Show 9 Setup: True/False
  14. Show 13 Countdown: True/False
  15. Color for Buy Price Flip: Wheat
  16. Color for Sell Price Flip: Wheat
  17. Color for Buy Countdown: Pink
  18. Color for Sell Countdown: Pink
  19. Show Previous Day O/H/L/C/C Panel


Latest Version: 1.25 (2020-01-13)
Attachment 4

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Click to Enlarge Name: Screenshot3.png Size: 35 KB
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  • #2
  • Jan 9, 2020 11:47am Jan 9, 2020 11:47am
OK, this looks very interesting. Thanks for sharing Student of Soc.
Nothing in life is to be feared, it is only to be understood.
  • #3
  • Edited 4:43pm Jan 9, 2020 12:02pm | Edited 4:43pm
Ok, posting the first trade, one of many more to come!

AUD/JPY Short Term Analysis
Starting from the right on the 4hr chart price closed back inside the channel, creating what looks like a bullish V Shape.
The middle chart, 1hr, is showing a bounce off cyclical support indicating a likely advance to the upside.
Going down one more time frame, arriving at the 30 min chart (to the left) there is a bullish 9 price flip which seems to be buncing off current support as well.

I am going long with a Stop loss @ 74.9546 which is the risk level associated with the 9 price flip setup on a closing basis.
First target is the Bullish Reversal of 75.143.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 172 KB
Click to Enlarge Name: Screenshot5.png Size: 176 KB
  • #4
  • Jan 9, 2020 12:04pm Jan 9, 2020 12:04pm
Quoting matthew89
OK, this looks very interesting. Thanks for sharing Student of Soc.

Thanks, lets get some trades going
  • #5
  • Jan 9, 2020 12:09pm Jan 9, 2020 12:09pm
Interesting stuff! Would like to understand more about this if you are able to provide more logic behind the approach. Thanks for sharing this!
  • #6
  • Jan 9, 2020 12:18pm Jan 9, 2020 12:18pm
Quoting Geester
Interesting stuff! Would like to understand more about this if you are able to provide more logic behind the approach. Thanks for sharing this!
Most definitely,

I am working on a user-guide that will cover the methology of SoS, I will post it as soon as its ready.

In the meantime you can check out this Technical Anlaysis .pdf by Martin Armstrong.
Under "Break Line Channel" you will learn how the channels are constructed etc.
Attached File(s)
File Type: pdf MANUAL-TechnicalAnalysis.pdf   3.7 MB | 687 downloads
  • #7
  • Jan 9, 2020 12:18pm Jan 9, 2020 12:18pm
What does 9/13 constitute?
  • #8
  • Jan 9, 2020 12:19pm Jan 9, 2020 12:19pm
Quoting StudentofSoc
{quote} Most definitely, I am working on a user-guide that will cover the methology of SoS, I will post it as soon as its ready. In the meantime you can check out this Technical Anlaysis .pdf by Martin Armstrong. Under "Break Line Channel" you will learn how the channels are constructed etc. {image}
Many thanks, will do!
  • #9
  • Jan 9, 2020 12:22pm Jan 9, 2020 12:22pm
Quoting Geester
What does 9/13 constitute?
9 and 13 are exhaustion patterns, are you familiar with TD Combo? Its the work of Thomas DeMark.
They can be used to identify potential turning points in the market, or at least exhaustions.
  • #10
  • Jan 9, 2020 1:06pm Jan 9, 2020 1:06pm
SOS, Spot on my friend....your own SOS thread. Great idea for SOS & your thread.


I wish your the best. Welcome those that help & expel those that hinder your progress.
  • #11
  • Jan 9, 2020 1:10pm Jan 9, 2020 1:10pm
Quoting acetrader
SOS, Spot on my friend....your own SOS thread. Great idea for SOS & your thread. I wish your the best. Welcome those that help & expel those that hinder your progress.
Thanks bro
  • #12
  • Jan 9, 2020 3:57pm Jan 9, 2020 3:57pm
Quoting StudentofSoc
{quote} 9 and 13 are exhaustion patterns, are you familiar with TD Combo? Its the work of Thomas DeMark. They can be used to identify potential turning points in the market, or at least exhaustions.
No, I am not familiar with TD Combo but I have just Googled so will find out soon (hopefully!). Lots to learn and I'm looking forward to the journey
  • #13
  • Jan 9, 2020 4:40pm Jan 9, 2020 4:40pm
Quoting StudentofSoc
Ok, posting the first trade, one of many more to come! AUD/JPY Short Term Analysis Starting from the right on the 4hr chart price closed back inside the channel, creating what looks like a bullish V Shape. The middle chart, 1hr, is showing a bounce off cyclical support indicating a likely advance to the upside. Going down one more time frame, arriving at the 30 min chart (to the left) there is a bullish 9 price flip which seems to be buncing off current support as well. I am going long with a Stop loss @ 74.9546 which is the risk level associated...
AUD/JPY Short Term Analysis - Follow Up
We just reached and exceded our target and first price projection. Great! Woho!
The trade is now closed, however it seems to have potential to go even further, but this blog objective is to make money and learn about SoS, not to catch every single $ (greed).

Result: Collected+21 pips on this trade. Super!

Moving on to the next trade...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 174 KB
  • #14
  • Jan 9, 2020 6:39pm Jan 9, 2020 6:39pm
Here is a very basic user guide for SoS!
Hope you find it easy and straight forward.
I did not put too many examples in at the end because I thought we will cover them here in the thread as we trade.
Attached File(s)
File Type: pdf Student of Socrates SoS Basic User Guide.pdf   698 KB | 655 downloads
  • #15
  • Jan 10, 2020 3:13am Jan 10, 2020 3:13am
Quoting Geester
{quote} No, I am not familiar with TD Combo but I have just Googled so will find out soon (hopefully!). Lots to learn and I'm looking forward to the journey
Awesome, great to have you on board!
  • #16
  • Edited Apr 8, 2022 5:27am Jan 10, 2020 4:48am | Edited Apr 8, 2022 5:27am
I have made a Capital Flow Model which can be used to identify emerging trends and potential breakouts in the FX market.
It analyzes the incoming and outcoming capital flow of the 8 major currencies; EUR, USD, CAD, AUD, NZD, CHF, GBP and JPY.
...a great tool to help traders find opportunity on all time frames!

You can double-click on the symbols in the panel to immediately open the chart.
In settings, write the name of the template you want charts to open with.

This Model will be merged with SoS in the future and will write its own commentary for each currency.
Pretty tricky stuff with the commentary so you have to be patient with this one, however a very cool and useful feature that I am looking forward to release it in the future.

(info)
Features

  1. Personal Template Option
  2. Sound Alert on New Data
  3. Quick Access to Charts
  4. Countdown Timer


Parameters

  1. Name of Template: (write the name of the template you want charts to open with)
  2. Color New Uptrend: LightSkyBlue
  3. Color New Downtrend: LightPink
    Attached Image (click to enlarge)
    Click to Enlarge Name: Screenshot1.png Size: 26 KB
    Attached Image (click to enlarge)
    Click to Enlarge Name: Screenshot2.png Size: 204 KB

{ copyrighted attachment deleted by staff }

  • #17
  • Jan 10, 2020 5:26am Jan 10, 2020 5:26am
The SoS indicator paints Salmon lines but they are not colour specified in the indicator's input properties. What do the Salmon lines represent? Thank you!
  • #18
  • Jan 10, 2020 5:35am Jan 10, 2020 5:35am
Quoting Geester
The SoS indicator paints Salmon lines but they are not colour specified in the indicator's input properties. What do the Salmon lines represent? Thank you!
The Salmon and LightSkyBlue color represent the most recent (short term) cyclical derived channels, while the LightGreen and CadetBlue are majors (long term).
  • #19
  • Jan 10, 2020 5:54am Jan 10, 2020 5:54am
Quoting StudentofSoc
{quote} The Salmon and LightSkyBlue color represent the most recent (short term) cyclical derived channels, while the LightGreen and CadetBlue are majors (long term).
Ahh, thanks. I missed that completely. So, the channel colours are all "fixed".
  • #20
  • Jan 10, 2020 5:59am Jan 10, 2020 5:59am
Is there a specific approach that the indicator takes to determine highs and lows on which to base the channels? The Socrates document has rules to take out the ambiguity of drawing the trend lines but there are different determinations of what constitutes a bar pattern for a high and a low. Interested to understand how SoS deems a high/low pattern. Thanks
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