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PlanetX Indicator - can this indi be used for trading?

  • #401
  • Mar 10, 2022 3:34pm Mar 10, 2022 3:34pm
Quoting BestTraderEv
{quote} I just looove people, who tell you to be humble, and they, themselves are just major assholes!
@BestTraderEv -- nice to see there is a spark lurking behind those old bones. Can you imagine the havoc we could wreck together if we were to combine our insults? Would you mind if I invited @FundedCoffee to join us? We could straighten out FF real quick. Wouldn't that be a blast...
  • #402
  • Mar 10, 2022 3:44pm Mar 10, 2022 3:44pm
Quoting ohitsyou
{quote} @Brambilla -- they are all dynamic buffers and all created equal. There is no such thing as a "standard" buffer. Dynamic buffers use different IDs -- some are displayed and some are not. There is no difference between the buffers used by the Transition Alerts and BufID[13] -- they are simply accessed by a different number (i.e. buffer ID) using MT4's iCustom() API. A long time ago I used software similar to what I suspect you are currently using. You just need to enter '13' instead of '5' or '6'. It would help if you told me the name of...
Yes, i'm attaching you the EA i'm using. The problem is that, in order to work properly, the buffer must "fire" only when there's a marker and not all the time, with this software there's no way you can set "values to check" ,the buffer 12 is unique, it changes values to represents different thing, while buffers 5 and 6 are what is needed to work well with this EA because they both represent one event and the are not always "fired" but only when there's the related event, the only problem as i told you is the buffer's value that needs to be greater than 0 in order to be recognized by the EA
Attached File(s)
File Type: ex4 Automater EA.ex4   78 KB | 219 downloads
  • #403
  • Mar 10, 2022 3:51pm Mar 10, 2022 3:51pm
Quoting ohitsyou
{quote} @BestTraderEv -- nice to see there is a spark lurking behind those old bones. Can you imagine the havoc we could wreck together if we were to combine our insults? Would you mind if I invited @FundedCoffee to join us? We could straighten out FF real quick. Wouldn't that be a blast...
@FundedCoffee is soliciting, which makes him a commercial user, and FF should be informed about this fact.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #404
  • Edited 4:26pm Mar 10, 2022 3:51pm | Edited 4:26pm
Quoting Brambilla
{quote} Yes, i'm attaching you the EA i'm using. The problem is that, in order to work properly, the buffer must "fire" only when there's a marker and not all the time, with this software there's no way you can set "values to check" ,the buffer 12 is unique, it changes values to represents different thing, while buffers 5 and 6 are what is needed to work well with this EA because they both represent one event and the are not always "fired" but only when there's the related event, the only problem as i told you is the buffer's value that needs to...
This EA is not much use if you don't have mq4 file.
I could look into it, or ohitsyou could do it, but we need the mq4 file.
Or is that the EA to create an EA?
I have never used this type of tools.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #405
  • Mar 10, 2022 4:31pm Mar 10, 2022 4:31pm
I see the top experts on forum suggesting a lot of ideas.
- Of course it was a good idea to use the "Awesome" as a tool, and no one explained who it came from and what it is, and what you can do with it. Probably all users know that, so my problems are superfluous, sorry.

Can someone who uses this indicator, whether it is worth considering the recommended signals (for buy):
- Saucer Buy
- Cross buy
- Twin Peaks Buy

- The related indicator is the "Accelerator", and does anyone use it?
The author means:
"Trading the Awesome is like reading tomorrow's Wall Street Journal, and trading the Accelerator is like reading the day after tomorrow's Wall Street Journal.
The Accelerator will change direction before the Awesome, and Awesome will change direction before price.

- In this thread I saw a lot of interesting ideas about what are the best trend-entry indicators, but hardly any mention of how to avoid stagnation periods.
Here I made a small adjustment for Squeeze for the Awesome indicator.
Maybe you'll have fun with it...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.rH1.png Size: 35 KB
Attached File(s)
File Type: ex4 smAwesome Sqeeze_v1.ex4   16 KB | 550 downloads
  • #406
  • Mar 10, 2022 4:55pm Mar 10, 2022 4:55pm
Quoting SwingMan
I see the top experts on forum suggesting a lot of ideas. - Of course it was a good idea to use the "Awesome" as a tool, and no one explained who it came from and what it is, and what you can do with it. Probably all users know that, so my problems are superfluous, sorry. Can someone who uses this indicator, whether it is worth considering the recommended signals (for buy): - Saucer Buy - Cross buy - Twin Peaks Buy - The related indicator is the "Accelerator", and does anyone use it? The author means: "Trading the Awesome is like reading tomorrow's...
Please tell me something:
If the Bullish swing actually started where the big blue circle is, and we see where the oscilators point to this trend (the white v-line), then it is yesterday's news, not tomorrow's. At least that's how I see it.
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-03-10_235420.jpg Size: 515 KB
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #407
  • Mar 10, 2022 4:57pm Mar 10, 2022 4:57pm
Tomorrow's news would be here. But, here I yet don't know where my Stop Loss should be.
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-03-10_235643.jpg Size: 515 KB
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #408
  • Mar 10, 2022 4:57pm Mar 10, 2022 4:57pm
Quoting Brambilla
{quote} Yes, i'm attaching you the EA i'm using. The problem is that, in order to work properly, the buffer must "fire" only when there's a marker and not all the time, with this software there's no way you can set "values to check" ,the buffer 12 is unique, it changes values to represents different thing, while buffers 5 and 6 are what is needed to work well with this EA because they both represent one event and the are not always "fired" but only when there's the related event, the only problem as i told you is the buffer's value that needs to...
Okay -- thank you, I understand better now. I'm curious to see how it works and I will look into it. But a few things:

1. I am not going to support EAs on this thread and I will not get caught up "tweaking" PlanetX signals to work better in an EA. It is intended for discretionary (manual trading).

2. I have developed, tested and optimized PlanetX in an EA that I've hand-coded. I've probably done this a few hundred times. In the end I concluded it might be profitable in a live account, but wasn't worth pursuing. Though its signals are good, alone they are not sufficient. Some here have suggested additional indis that could be used as filters to improve Entries / Exits. Also, an EA needs good money management -- and I doubt your "Automater_EA.ex4" includes that.

3. When discretionary trading your brain is the "magic sauce" -- there are clues that your brain captures that are not included in the PlanetX indi. My intent is not to discourage you, but to temper your expectations. What I'm concerned about is the EA won't work well and when you report your results then everyone will think that PlanetX is a crappy indi. So, if the EA works great then let us know, and if the EA doesn't work great then please keep it to yourself. Is that agreed?
  • #409
  • Mar 10, 2022 5:50pm Mar 10, 2022 5:50pm
Quoting Brambilla
{quote} Yes, i'm attaching you the EA i'm using. The problem is that, in order to work properly, the buffer must "fire" only when there's a marker and not all the time, with this software there's no way you can set "values to check" ,the buffer 12 is unique, it changes values to represents different thing, while buffers 5 and 6 are what is needed to work well with this EA because they both represent one event and the are not always "fired" but only when there's the related event, the only problem as i told you is the buffer's value that needs to...
Okay -- here is a version of the PlanetX indicator that exposes buffer IDs [16] and [17] -- they each return a value of '1'. [16] returns '1' when there is a BUY alert and [17] returns '1' when there is a SELL alert.

I tried using them in the EA but only got OrderOpen and OrderSend errors. I think the EA sees the alerts but I don't have time or the inclination to troubleshoot the errors. When you get it working perhaps you could attach a *.set file that works for you.

Again -- if the results are crappy please don't point a finger at the indicator. It alone is not sufficient. Perhaps you'll prove me wrong and Renko will compensate for whatever is missing. And if I'm wrong it would be the first time -- you can confirm that with my wife...

Attached File(s)
File Type: ex4 OIY-PlanetX-Line-v9.0.ex4   22 KB | 328 downloads
  • #410
  • Mar 10, 2022 6:38pm Mar 10, 2022 6:38pm
Quoting SwingMan
I see the top experts on forum suggesting a lot of ideas. - Of course it was a good idea to use the "Awesome" as a tool, and no one explained who it came from and what it is, and what you can do with it. Probably all users know that, so my problems are superfluous, sorry. Can someone who uses this indicator, whether it is worth considering the recommended signals (for buy): - Saucer Buy - Cross buy - Twin Peaks Buy - The related indicator is the "Accelerator", and does anyone use it? The author means: "Trading the Awesome is like reading tomorrow's...
Thank you, @Swingman -- your indictors are the best.

The stagnation periods you refer to -- are those the gaps between the green dots?
  • #411
  • Mar 10, 2022 6:45pm Mar 10, 2022 6:45pm
Quoting ohitsyou
{quote} Thank you, @Swingman -- your indictors are the best. The stagnation periods you refer to -- are those the gaps between the green dots?

YES! I second that

@SwingMan is current top best.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #412
  • Mar 10, 2022 6:45pm Mar 10, 2022 6:45pm
@Brambilla
Like I said before, the marker buffers in PlanetX can only take two values:
1. EMPTY_VALUE,
2. 0.00.

EMPTY_VALUE is also a numerical value = 2147483647
So if your software allows for "not equal to", or for "less than", then you can use that and input:
if MarkerBuffer[1] is less than 2147483647 -> do whatever
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #413
  • Mar 10, 2022 7:11pm Mar 10, 2022 7:11pm
Quoting BestTraderEv
@Brambilla Like I said before, the marker buffers in PlanetX can only take two values: 1. EMPTY_VALUE, 2. 0.00. EMPTY_VALUE is also a numerical value = 2147483647 So if your software allows for "not equal to", or for "less than", then you can use that and input: if MarkerBuffer[1] is less than 2147483647 -> do whatever
His software doesn't allow for any comparisons and requires that TransUp and TransDn be separate buffer IDs. So I modified OIY-PlanetX-Line-v7.0 (https://www.forexfactory.com/attachment.php?attachmentid=4161737&stc=1&d=1646960759) to include two additional dynamic buffers at the end that are not displayed. The modifications shouldn't break anything that uses that indi's data via iCustom. This is the "Line" version of the indicator and I think @Brambilla may be the only one using it. The PlanetAwesome indis use the 'Hist" versions.

Attached File(s)
File Type: ex4 OIY-PlanetX-Line-v7.0.ex4   30 KB | 367 downloads
  • #414
  • Edited 10:31pm Mar 10, 2022 7:13pm | Edited 10:31pm
Quoting emmanuel7788
{quote} YES! I second that @SwingMan is current top best.
Excellent -- then it's unanimous!!
  • #415
  • Mar 11, 2022 2:15am Mar 11, 2022 2:15am
Quoting BestTraderEv
... Please tell me something: If the Bullish swing actually started where the big blue circle is, and we see where the oscilators point to this trend (the white v-line), then it is yesterday's news, not tomorrow's. At least that's how I see it.
Thank you for your basic question about the concepts of tomorrow and yesterday.
OK, everything is relative, Einstein also said in his theory...

It would be nice of you though, since you've integrated Awesome into PlanetX, to also explain how to use it. You probably haven't read Bill Williams' books to tell us if his pattern recommendations (Saucer, Cross, Twin Peaks) are useful or needless. I have no experience and that's why I asked this.

It would also be interesting to comment on the possible use of the Acceleration together with the Awesome. (That's what I expected from such a great expert as you...). Probable expect many here in the thread to get practical advice, me too.

My Squeeze version should show what @ohitsyou asked, the stagnation periods, with the gaps between the green dots. Sometimes that helps, sometimes not necessarily.

I see many beautiful lines and signs in your charts. I also programmed something like this (Fractal Levels) and posted it somewhere.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY.rH1.png Size: 31 KB
Click to Enlarge Name: EURUSD.rH1.png Size: 35 KB
Attached File(s)
File Type: ex4 smFractalLevels_v4.ex4   41 KB | 676 downloads
  • #416
  • Edited 2:55am Mar 11, 2022 2:45am | Edited 2:55am
Quoting SwingMan
{quote} Thank you for your basic question about the concepts of tomorrow and yesterday. OK, everything is relative, Einstein also said in his theory... It would be nice of you though, since you've integrated Awesome into PlanetX, to also explain how to use it. You probably haven't read Bill Williams' books to tell us if his pattern recommendations (Saucer, Cross, Twin Peaks) are useful or needless. I have no experience and that's why I asked this. It would also be interesting to comment on the possible use of the Acceleration together with the Awesome....
@smFractalLevels_v4 is a beautiful indicator, and the horizontal lines remind me of TARGETS, TARGETS, TARGETS.

For awhile now I've had a love-hate relationship with fractal levels. They are easy to program, are based on price action (i.e. not moving average) and are accurate. However, they are delayed since they require a few bars before they can be detected and drawn. So, though I continue to revisit them, I eventually remove them from my chart because for discretionary swing trading I usually don't have the luxury of Entering or Exiting a few bars late. They are useful in hindsight to confirm that my current strategy's signals make sense, but I can't rely on them as signals for real-time trading.

@Swingman -- when trading in real-time how do you make use of the fractal signals? When you trend trade are you not as concerned about Entering / Exiting as close to the transition as possible?
  • #417
  • Mar 11, 2022 3:39am Mar 11, 2022 3:39am
Quoting ohitsyou
...They are useful in hindsight to confirm that my current strategy's signals make sense, but I can't rely on them as signals for real-time trading.
This is very important for the psyche!

The FractalLevels indicator helps visualize how one decided and what to do next, or as the famous Gauguin said:
"Where do we come from? Who are we? Where are we going?"

Here is the corresponding chart...
Attached Image (click to enlarge)
Click to Enlarge Name: paul_gauguin_where_do_we_come_from.jpg Size: 140 KB

Because I'm not a trader, I can only make general statements that don't necessarily work in practice...
Here are some old comments on FractalLevels.
https://www.forexfactory.com/thread/922947-lazytma-trading?page=16

Especially for entries, one should have a tool to avoid trading unfavorable signals, that's why I posted the Squeeze.
  • #418
  • Mar 11, 2022 3:43am Mar 11, 2022 3:43am
Quoting SwingMan
{quote} This is very important for the psyche! The FractalLevels indicator helps visualize how one decided and what to do next, or as the famous Gauguin said: "Where do we come from? Who are we? Where are we going?" Here is the corresponding chart... {image} Because I'm not a trader, I can only make general statements that don't necessarily work in practice... Here are some old comments on FractalLevels. https://www.forexfactory.com/thread/922947-lazytma-trading?page=16
Quoting SwingMan
"Where do we come from? Who are we? Where are we going?"
Sir -- you are a true gift to FF. Thank you...
  • #419
  • Mar 11, 2022 3:45am Mar 11, 2022 3:45am
Quoting BestTraderEv
{quote} https://www.forexfactory.com/thread/post/13926230#post13926230
Thanks for the explanation.
Please excuse the bad English via Google Translate.
  • #420
  • Edited 5:29am Mar 11, 2022 4:34am | Edited 5:29am
Quoting SwingMan
{quote} Thank you for your basic question about the concepts of tomorrow and yesterday. OK, everything is relative, Einstein also said in his theory... It would be nice of you though, since you've integrated Awesome into PlanetX, to also explain how to use it. You probably haven't read Bill Williams' books to tell us if his pattern recommendations (Saucer, Cross, Twin Peaks) are useful or needless. I have no experience and that's why I asked this. It would also be interesting to comment on the possible use of the Acceleration together with the Awesome....
I, most probably, did not understand your questions, properly, I am sorry.
I use any indicator signals, including such signals from any oscillator in the context of what is happening on the chart. No, I have not read any books, though I have studied lots of trading concepts and ideas. I come from the school of Supply/Demand patterns on the charts. The rest is tens of thousands of hours spent on figuring out the charts and my own psyche in the context of trading.
What I observe is that most traders, and traders to be, have the wrong mindset, they think that indicators will show them what they must do, and they will be making money. That is not true.
The basic indicator is always the chart, itself.
I can not stress that harder!
People have many ideas for trading any indicator. And, looking at the Awesome Oscillator (AO), for example, studying its behaviour on historical data, we can see that there isn't any one consistent behaviour (picture we see). The fact that the AO bars are getting smaller and turning the opposite color sometimes results in the change of trend, and at other times they only make a wave and the trend continues. The oscillator without context means nothing. The context is on the chart. So, if we look at the examples I showed you, about the yesterday or tomorrow dilema, the chart had the answer.
My point is that we need to know where our Stop Loss must be, otherwise we are blind and just guessing.
We can only know that when we already see a patteren on the chart, a Supply or Demand pattern. Then we know where the SL must be. Will this SL be safe? We don't know, sometimes the market goes deeper, or higher and takes out our SL. But, SL is our expense, so in order to make this business feasible, we need to earn for our expenses. And, we need to be willing to take the expenses.
So, in the case on my image where I showed the yesterday AO signal, the chart was still showing a bearish move. Thus, here comes the problem of how much we can trust our indicator that statistically taking action on such a signal will bring us profit?
In my trading career I have come to the conclusion, that any trading method based on statistical price behaviours leads to the loss of the account, sooner or later. Because such a method can never tell us where to put the Stop Loss. We can only use some type of Stop Out on specified Loss.
The only way to make profit is to earn (profits) more than we spend (expenses).
And, in order to do that we just need to know the 3 pillars of successful trading:
1. Stop Loss price,
2. Take Profit price,
3. Entry price at RR > 1.
That is all needed, nothing else.

So, if we want to use AO &PlanetX, for example, I prefer to use them in the combination of Price Action on the chart.
When I see the potential tomorrow's signals on AO, I need to see some S/D pattern on the chart, and then see a PlanetX marker and/or your squezze signal.
Anyways, the confirmation is on the chart, not on the indicator.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
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