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SRDC Episode II

  • #201
  • Nov 29, 2006 7:50am Nov 29, 2006 7:50am
Quoting hilmy83
man, kind of disturbing what people say in here....i guess you guys love star wars
Starwars? StarTrek? Now Alladin? Disturbing? Naaaaaahhhhh.....
This is forex with humour. We have a song...

Pipping pipping by the Archies.

Oooo... pipping,
Oooo... forex forex...
You are my pipping gal...
and you got me pipping you......

papa..pa...pa...paaa....
Change Your Thinking. Change Your Life - JD
  • #202
  • Nov 29, 2006 7:52am Nov 29, 2006 7:52am
Quoting Lou G
I coded an EA for SRDC 2 this evening and, while it's profitable in a short backtest, the results contain a few things I'm having trouble understanding. Although I have more than 40 years programming experience (when I started, computers were made of wood ), I have only been coding in MQL4 for a couple of months and there's a lot I don't understand.

If any of you are experienced MT4 programmers and would be willing to answer some intelligent questions, please PM me - I'll really appreciate it.

Best,
Lou
Over over... JediS...over... pls all goto Lou G's planet... over...
Change Your Thinking. Change Your Life - JD
  • #203
  • Nov 29, 2006 7:53am Nov 29, 2006 7:53am
Quoting Antra
Try this...it could possibly drive you mad?
A talking cat? yeeeeeeeaaaa baby...
Change Your Thinking. Change Your Life - JD
  • #204
  • Nov 29, 2006 7:55am Nov 29, 2006 7:55am
Quoting 4rex
Master Roshan,

Please clarify for eager jedi trainee why the channel on this particular pair on a daily seems to be going down while price is heading up? Am I missing something in my perception?

Thank You
Rex, I think the SHI channel doent like you.... Maybe that Dead Frank is scaring the channel away......
Change Your Thinking. Change Your Life - JD
  • #205
  • Nov 29, 2006 7:59am Nov 29, 2006 7:59am
Quoting llambert3
Roshan can answer, but would it really matter? It is staying in the channel (until now). The channel could change to be upwards or the eur/usd will go back towards the median of the downward channel. BUT maybe I missed something in my studying.
Aparently the channel has a sense of humour. Until a more static channel can be used, then for now, lets do it manually...

May the force be with us
Change Your Thinking. Change Your Life - JD
  • #206
  • Nov 29, 2006 8:08am Nov 29, 2006 8:08am
Why and where candles move the way it movess....

27th Nov

We rightly reverse the sunday candle. Why? Because it is at the top most channel, so down it goes.

28th Nov

This one was tricky. The Channel did one of its morphing tricks, then after a couple of hours move back to the channel like below. Since the channel is at the bottom, wait for it to test the bottom trendline, then Blast the dark jedisss..... Up up and away....

29th Nov (today)

Yesss.... its up there, naturally it is bearish....

I hope this pips.....
Attached Image
Change Your Thinking. Change Your Life - JD
  • #207
  • Nov 29, 2006 8:27am Nov 29, 2006 8:27am
I don't mean to ask the same question but here goes. Which channel is valid? Should we draw one for the day at GMT OO.? Should we draw a new chart when NY opens or London? This is important although I did make a few good trades in the channel yesterday, I am second guessing myself.


Lady Jedi or Jedet in training.
  • #208
  • Nov 29, 2006 8:40am Nov 29, 2006 8:40am
Quoting traderlismiss
I don't mean to ask the same question but here goes. Which channel is valid? Should we draw one for the day at GMT OO.? Should we draw a new chart when NY opens or London? This is important although I did make a few good trades in the channel yesterday, I am second guessing myself.


Lady Jedi or Jedet in training.
es, the Final Channel is ready by 00GMT where you will know where the candles will be going as the candle start to appear.

Never change a channel while in the middle of the day, let the candle break the trend when it has too. Take advantage of it. Draw a new channel after end of day 23:59GMT.

Thats a Jedily advice for a Jedet..
Change Your Thinking. Change Your Life - JD
  • #209
  • Nov 29, 2006 9:16am Nov 29, 2006 9:16am
Master Mentor,
On H1 ,I use the MT4 function Standard Deviation Channel then expand it for 3 days on the chart.I then activate the channel unit by clicking on the middle line so that dragging is possible.If you drag this as a frame to the most recent start of the last 3 days,the top and bottom lines are now in the right location.Use the trendline drawing function to extend each lines into the future.This set up on H1 does not have to be changed when going from H1 to D1,W1 or even M15.
On an other subject,can you change the color of the channel that you post,they appear pinkish and are difficult to print.

Do I get spacial Jedi pips for the above?

rojam
  • #210
  • Nov 29, 2006 9:31am Nov 29, 2006 9:31am
Quoting rojam
Master Mentor,
On H1 ,I use the MT4 function Standard Deviation Channel then expand it for 3 days on the chart.I then activate the channel unit by clicking on the middle line so that dragging is possible.If you drag this as a frame to the most recent start of the last 3 days,the top and bottom lines are now in the right location.Use the trendline drawing function to extend each lines into the future.This set up on H1 does not have to be changed when going from H1 to D1,W1 or even M15.
On an other subject,can you change the color of the channel that you post,they appear pinkish and are difficult to print.

Do I get spacial Jedi pips for the above?

rojam

Rojam.

That really sound good!!, But unfortunatelly, I cant figure out what you mean my stabdard deviation from MT4. The only standard deviation I have is a moving average line drawn on a saperate window.

How do u draw the channel, and drag wat again.... Can you tell me precisely where in MT4 a standard deviation channel is? When true what you said, 1000 jedi pips for you, guarantee...

Messa very confuse...

Hahahaaaa.... got it!!!
Change Your Thinking. Change Your Life - JD
  • #211
  • Nov 29, 2006 9:36am Nov 29, 2006 9:36am
It was there, never know MT4 has it!!!1

1,000,000 jedi pips for rojam!!
Change Your Thinking. Change Your Life - JD
  • #212
  • Nov 29, 2006 9:37am Nov 29, 2006 9:37am
Just to make sure we are all working on the same page here:

Standard Deviation Channel on MT4

Go to Insert>Channels>Standard Deviation

My default is 1

We draw it everyday at 23:59GMT (if needed)


Henry
  • #213
  • Nov 29, 2006 9:41am Nov 29, 2006 9:41am
An additional instruction to my previous post.
When going to a larger period you need to drag the left hand edge by click and hold to drag to the desired width.
W1 to one year
D1 to 2 months
H4 to 4 wks
H1 to 2,3 or 4 days to obtain the right spread between Top and Bottom lines.
I always target the swing highs and swing lows for my channels.
  • #214
  • Nov 29, 2006 9:45am Nov 29, 2006 9:45am
The Linear Regression is easier for me to use. Brilliant!!

Guys, I think Jedi pips will be easier to harvest now!!

Never bothered to check all the functions. So used to look at the chart and know where the trendline channel are...

1000 apologies..
Change Your Thinking. Change Your Life - JD
  • #215
  • Nov 29, 2006 10:18am Nov 29, 2006 10:18am
Master Mentor
For the SRDC method is it better to use Linear Regression or the Standard Deviation channel?
The only difference seams to be the width of the channel depending on the period used.
jl major canada
  • #216
  • Nov 29, 2006 10:27am Nov 29, 2006 10:27am
Quoting rojam
Master Mentor
For the SRDC method is it better to use Linear Regression or the Standard Deviation channel?
The only difference seams to be the width of the channel depending on the period used.
jl major canada
Its like a new saber. Use the one you feel more comfortable with!!

I like my saber orange.....
Change Your Thinking. Change Your Life - JD
  • #217
  • Nov 29, 2006 11:00am Nov 29, 2006 11:00am
Has anyone else applied this indicator?

I applied to the 3 main pairs and all show around 65% winners. Is this correct? I thought it was closer to 90 percent for the weekend candle method.

Thank you fellow Jedi
Believe and Achieve!
  • #218
  • Nov 29, 2006 11:02am Nov 29, 2006 11:02am
Great, so now that we know when the channel needs to be drawn and where to find the channel in the mt4 only 1 more question. I realize how to drag and that, but what is the critera for drawing a channel. Where does it need to align. I realize this may sound like a beginner question but, I have not used channels in trading before. I know how to draw trend lines and this is similar but not exactly the same.

Thanks
  • #219
  • Nov 29, 2006 11:21am Nov 29, 2006 11:21am
if the channel used is SDC (standard deviation channel) or LRC (linear regression channel you use H1 with vertical day separation lines.
Click on either SDC or LRC then click on the third vertical bar to the left then hold mouse to drag to the right 3 days release there.If you reclick on the middle bar and go to the center of the middle bar, you can drag the whole channel as a unit to the previous days or to the start of a new day at 6pm est.
rojam
  • #220
  • Nov 29, 2006 11:39am Nov 29, 2006 11:39am
i am using the lrc indicator on the vtrader platform, do i use the 1 hr time frame
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