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Cornflower Hourly System

  • #321
  • Edited 2:08am Jun 14, 2007 1:29am | Edited 2:08am
Quoting jsmanuse
Hmmm... I read your thread last week and went out and had a beer to think about it. I decided: Excellent thread - Good system. So I told a couple of my trading buddies to check it out and one them wrote an EA. If you are interested in checking it out and maybe pitching in a few tweaks let me know. We can post it and run from there... your name is Felicia?

Cow teats and EA's (that work): the gifts that keep on giving.

Joe
Sure, I'd love to see what you guys have come up with. I have some ideas on how to improve Cornflower that could be easily programmed, so please keep me posted.

Quoting flexie
felicia, I have to congratulate you. Not only is your system simple, but you've managed to keep this thread heading in the same direction from the start. Very few do, and the result turns out to be junk.

You politely consider options, but remain true to the system. You are among the elite.
That is a high compliment. Thank you.
  • #322
  • Jun 14, 2007 5:38am Jun 14, 2007 5:38am
[quote=lever70;1466409]Sure, I'd love to see what you guys have come up with. I have some ideas on how to improve Cornflower that could be easily programmed, so please keep me posted.

-Great.

Out of respect for the thread, would you want to minimize discussion about the EA here? Let me know that before proceeding with that aspect of the design process.

We can pretty much program anything into the EA that we want, right now we're designing the code for the slope of the moving averages - the first version just takes every pullback... and that ain't good.

Joe
  • #323
  • Edited 7:54am Jun 14, 2007 7:15am | Edited 7:54am
Hello Felicia

First of all thank you very much for your efforts.

I have 2 questions

1 How do you know when the price makes an "innocent pullback" or it reverse against you?

2. I noticed that when the price pullback to one of the levels (8,12,24) it stays there for neno second and it can make all the 20 pips in minutes how do you catch it?

Regards,

Simon
  • #324
  • Jun 14, 2007 3:30pm Jun 14, 2007 3:30pm
[quote=jsmanuse;1466559]
Quoting lever70
Sure, I'd love to see what you guys have come up with. I have some ideas on how to improve Cornflower that could be easily programmed, so please keep me posted.

-Great.

Out of respect for the thread, would you want to minimize discussion about the EA here? Let me know that before proceeding with that aspect of the design process.

We can pretty much program anything into the EA that we want, right now we're designing the code for the slope of the moving averages - the first version just takes every pullback... and that ain't good.

Joe
I say we start a new Cornflower EA thread. That way we can keep discussions about the system and EA discrete.
  • #325
  • Jun 14, 2007 3:35pm Jun 14, 2007 3:35pm
Quoting simonr
Hello Felicia

First of all thank you very much for your efforts.

I have 2 questions

1 How do you know when the price makes an "innocent pullback" or it reverse against you?

2. I noticed that when the price pullback to one of the levels (8,12,24) it stays there for neno second and it can make all the 20 pips in minutes how do you catch it?

Regards,

Simon
It has to do with the strength of the trend, which you can gauge by the slope of the EMAs and the speed with which price pulls away from them. a good, healthy trend will not reverse against you by more than 25-30 pips after you enter (if that). I am working on a MTF addition to Cornflower that addresses this very problem, so stay tuned. I will be posting the info w/ pics later.
  • #326
  • Jun 14, 2007 3:42pm Jun 14, 2007 3:42pm
Has anyone tried using the profit bands I described in post 281? They work.
  • #327
  • Edited Jun 15, 2007 12:09am Jun 14, 2007 11:37pm | Edited Jun 15, 2007 12:09am
Check it out:

http://img527.imageshack.us/img527/6465/multicfub9.jpg

I will leave it to you guys to articulate what I am doing here. I think it's pretty straightforward.

I am using FXSniper's EMAs, which change color as the price rises above or falls below the EMA. I have included his indicator and the template to use with it.
Attached File(s)
File Type: ex4 FX Sniper's MA.ex4   3 KB | 1,796 downloads
File Type: tpl cornflower color.tpl   2 KB | 1,809 downloads
  • #328
  • Jun 15, 2007 12:57am Jun 15, 2007 12:57am
Very nice setup.
Doesn't get much easier to see than this!

Thanks for all of your work and dedication to
helping us newbies!


FXS
  • #329
  • Jun 15, 2007 4:56am Jun 15, 2007 4:56am
[quote=lever70;1466999]
Quoting jsmanuse

I say we start a new Cornflower EA thread. That way we can keep discussions about the system and EA discrete.
Great. We'll look over there to discuss things with you.
  • #330
  • Jun 15, 2007 5:09am Jun 15, 2007 5:09am
Quoting lever70
Check it out:
I will leave it to you guys to articulate what I am doing here. I think it's pretty straightforward.

I am using FXSniper's EMAs, which change color as the price rises above or falls below the EMA. I have included his indicator and the template to use with it.
We're thinking along the same lines... ! I set up the charts the same way, except they were 30m, 1h, 4h, and daily. You can see important s/r as well as larger trend strength with those time frames. How much weight are you inclined to give to the larger trend? It seems that it's not always relevant to the objectives of this system. Thanks again for posting your system Felicia.

Joe
  • #331
  • Jun 15, 2007 6:24am Jun 15, 2007 6:24am
Quoting lever70
Check it out:

http://img527.imageshack.us/img527/6465/multicfub9.jpg

I will leave it to you guys to articulate what I am doing here. I think it's pretty straightforward.

I am using FXSniper's EMAs, which change color as the price rises above or falls below the EMA. I have included his indicator and the template to use with it.
________________________________________________________

I just wanted to thank you for giving so much of your knowledge to all that read this thread. I am a newbie. However, one day soon, I will be like you and will also give back.

One question, I notice above your use of the 5mTF-what are your settings-is it cornflower 5-10 or just the cornflower.tp. Thanks so much!!
Amado
  • #332
  • Jun 15, 2007 7:15am Jun 15, 2007 7:15am
Quoting jsmanuse
We're thinking along the same lines... ! I set up the charts the same way, except they were 30m, 1h, 4h, and daily. You can see important s/r as well as larger trend strength with those time frames. How much weight are you inclined to give to the larger trend? It seems that it's not always relevant to the objectives of this system. Thanks again for posting your system Felicia.

Joe
We're trading swings, so yes, we do not necessarily need the 4H and daily to be in alignment. It takes a while for a move to manifest itself on the 4H and especially the daily. But of course, if the swing is aligned with the long-term trend, we can expect bigger gains.
  • #333
  • Jun 15, 2007 7:16am Jun 15, 2007 7:16am
Quoting babypip
________________________________________________________

I just wanted to thank you for giving so much of your knowledge to all that read this thread. I am a newbie. However, one day soon, I will be like you and will also give back.

One question, I notice above your use of the 5mTF-what are your settings-is it cornflower 5-10 or just the cornflower.tp. Thanks so much!!
Amado
You're very welcome. The 5M pictured is using the standard CF EMAs of 8-12-24-72. We're looking for alignment across all 4 charts. I will post more about this new way of using Cornflower this weekend.
  • #334
  • Jun 15, 2007 9:55am Jun 15, 2007 9:55am
Is this chart set up in MT4 and how can I place 4 timeframes in one page as shown here.

Thanks







Quoting babypip
________________________________________________________

I just wanted to thank you for giving so much of your knowledge to all that read this thread. I am a newbie. However, one day soon, I will be like you and will also give back.

One question, I notice above your use of the 5mTF-what are your settings-is it cornflower 5-10 or just the cornflower.tp. Thanks so much!!
Amado
  • #335
  • Jun 15, 2007 11:10am Jun 15, 2007 11:10am
Quoting lerner
Is this chart set up in MT4 and how can I place 4 timeframes in one page as shown here.

Thanks
Open up your H1, M30, M15, and M5 charts, and then select "tile vertically" from the window menu. Presto.
  • #336
  • Jun 15, 2007 3:12pm Jun 15, 2007 3:12pm
Hello -f,

I have been experimenting with the 8-24 cross on the 15M and 5M charts. So far the results have been mixed (though more profitable than not.) Some of the nonprofitable trades were the result of my not waiting for a solid direction to form on the 1H chart. Some were due to whipsawing and hitting my stop (increasing the stop eliminated a good portion of that problem.

Using all four ema's across 1H, 30M, 15M, and 5M TF's makes good sense and is a natural evolution of Cornflower. Thank you for your time and effort in the continued development of this great thread.


Regards,
Clansman
  • #337
  • Jun 15, 2007 5:43pm Jun 15, 2007 5:43pm
well...cornflower method been great on GBP/JPY...

i try enter the market with 5M, too much of noise...which most of the time it will bounce at 21EMA(15M)...which i'm still holding my short@240... market is at 244 now..

been hedging these few days(+200pips) & looking for a divergence instead of a retracement...probably next week...

i'll still be using 5M with comfirmation of 15M crosses to place an order.

couldn't try out your new method just yet...gotta wait till i get a nice charting software cuz the one i am using now cant support....probably next month

Happy Weekend!!
Never greed & never regret cuz tomorrow is another day!!
  • #338
  • Edited Jun 16, 2007 9:13am Jun 15, 2007 8:35pm | Edited Jun 16, 2007 9:13am
First of all, thanks to Lever70 for u'r great system i just want to sharing my experience using u'r cornflower system ...

i'm just a collage kid, so i use a micro lot coz i'm new to forex (about 2 months). a week ago, i learned a lot from this thread & kharvell's trades that using u'r system as well ... start to use it on thursday 14th June ....

using multiple charts of cornflower system i've learnt, i started to open position on thursday 14th June, and the next day which is friday 15th June , i added a profitable positions. so total positions is 10 trades in 2 day ... And the results :
in 2 days
 8 Win, 2 loss ...
Total loss = -65 pips (closed)
Total profit = +974 pips. (still open)
Total P/L = +909 pips in 2 days ...

Thx Felicia & all traders who helped a lot so far in this thread

here's my trades screenshot :
Attached Image (click to enlarge)
Click to Enlarge Name: Open Positions.jpg Size: 66 KB
  • #339
  • Jun 16, 2007 11:14am Jun 16, 2007 11:14am
Is this whole thread not a rip-off of Phillip Nel's 4hr MACD strategy,which I might add is a highly successful strategy!
No wonder Daily FX made Phillip an offer of switching his strategy to their forum,because FF allows others to bastardise a genuinely wonderful system. : Like the 50+- 4hr MACD,this is just a rip-off of Phillip's system.Shame on you Lever 70!!
  • #340
  • Jun 16, 2007 11:53am Jun 16, 2007 11:53am
Quoting Doji Star
Is this whole thread not a rip-off of Phillip Nel's 4hr MACD strategy,which I might add is a highly successful strategy!
No wonder Daily FX made Phillip an offer of switching his strategy to their forum,because FF allows others to bastardise a genuinely wonderful system. : Like the 50+- 4hr MACD,this is just a rip-off of Phillip's system.Shame on you Lever 70!!
You have a lot of nerve coming into this thread and disrupting a productive discussion without a shred of evidence to support your claim. I don't use MACD or any indicators. How could this possibly be a rip off? It is an EMA retracement system.

I have used a 5M system in conjunction with Cornflower that is similar to what Phillip does on a 5M chart, but I developed it on my own before I even encountered his thread.

Shame on YOU. It is people like you that make internet forums a frustrating experience. You contribute nothing, and aim only to destroy. Go back to your cave and stay there.
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