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SRDC Episode II

  • #341
  • Dec 1, 2006 4:47am Dec 1, 2006 4:47am
Quoting granpa
This is my current background setting

http://img157.imageshack.us/img157/8849/deletegy6.png
I can live with that. Thanks
Change Your Thinking. Change Your Life - JD
  • #342
  • Dec 1, 2006 4:54am Dec 1, 2006 4:54am
Anyone like to do an indicator that:

Calculates the Pips breakout on Support & Resistance (SRDC I)?
The Percentage it hits X pips. X entered at the parameter.

It will say something like this:

From: 00/00/0000 until today
Support: 000Pips, 20pips @ 98%
Resistance: 000Pips, 20pips @ 68%

A jedily thank you in Advance.
Change Your Thinking. Change Your Life - JD
  • #343
  • Dec 1, 2006 5:21am Dec 1, 2006 5:21am
Alex,

BRAVO! Clap .......Clap.....Clap......


Quoting AlexFX
Hey,

The info on the left top side will show the most recently imported indicator on your screen. So if you want to show the "OHLC" for instance, delete it then import it again and it will show.

Really, no applause necessary.

Beam the pips to me Scotty
All 4 1 and 1 4 All
  • #344
  • Dec 1, 2006 5:56am Dec 1, 2006 5:56am
Quoting 4rex
Alex,

BRAVO! Clap .......Clap.....Clap......

Did i miss something ?? How do i get the yesterday OHLC and range ??

Which indicator is that ?
The future depends on what we do in the present.
  • #345
  • Dec 1, 2006 6:43am Dec 1, 2006 6:43am
Compro,

You have not missed anything except that I have an indicator that shows OHLC and range. If you wanted I will gladly share it but I don't know how to share it unless I find the post that had it and I have not been able to find that particular post.



Quoting compro99
Did i miss something ?? How do i get the yesterday OHLC and range ??

Which indicator is that ?
All 4 1 and 1 4 All
  • #346
  • Dec 1, 2006 8:03am Dec 1, 2006 8:03am
Quoting 4rex
Lou,

I am using your SHI_Channel_True indicators since it seems to me that at this point it helps me keep this channel euphoria as simple as possible. One thing that I observed....it takes away from the upper left corner my OHLC indicator which also shows the daily range. Is there a way for SHI and the OHLC to share that corner? Others please feel free to solve it.

Thanks
Not that I know of.
Old Benjamin was right
  • #347
  • Dec 1, 2006 8:09am Dec 1, 2006 8:09am
sorry master OrangeRoshan.

Can I pay by credits.....
  • #348
  • Dec 1, 2006 8:54am Dec 1, 2006 8:54am
It seems to me that, no matter what type of valid channel (whether it is based on past highs and lows like SHI or best-fit lines like LRC) there will always come a time when the current data blows out through the top or bottom. These times, as we all know, are called reversals and cannot be predicted with certainty. If one uses SHI (which keeps on re-drawing thoughout the day) it's like shooting at a moving target - much harder to hit. If we draw a channel at midnight for the following day the market may change direction and leave the channel altogether.

Since all channel methods are similarly flawed, I hope we can all agree on one usable method (preferably one that can be created by an indicator) - we still have some distance to travel with SRDC 3 & 4 still to be revealed.

I don't like it any more than anyone else does but there is no Holy Grail of channels...
Old Benjamin was right
  • #349
  • Dec 1, 2006 9:10am Dec 1, 2006 9:10am
I'm still looking into writing an LRC indicator - does anyone know what values are used for each bar in the LRC formula. My first assumption would be that median price (H+L/2) is it but it's not good to assume...

Help me out here - there must be a math or statistics whizkid among us.
Old Benjamin was right
  • #350
  • Dec 1, 2006 9:41am Dec 1, 2006 9:41am
Quoting Lou G
It seems to me that, no matter what type of valid channel (whether it is based on past highs and lows like SHI or best-fit lines like LRC) there will always come a time when the current data blows out through the top or bottom. These times, as we all know, are called reversals and cannot be predicted with certainty. If one uses SHI (which keeps on re-drawing thoughout the day) it's like shooting at a moving target - much harder to hit. If we draw a channel at midnight for the following day the market may change direction and leave the channel altogether.

Since all channel methods are similarly flawed, I hope we can all agree on one usable method (preferably one that can be created by an indicator) - we still have some distance to travel with SRDC 3 & 4 still to be revealed.

I don't like it any more than anyone else does but there is no Holy Grail of channels...
As far as I can remember since I joined FF, Many here are Indicator addicts. Not many bothered to learn price action or channel trading. Then when I started this thread, many think its too difficult to follow. Well the fact is, its actually trading in this rawest form.

Anyone who want to learn trading, must actually first learn from basics, which is Support, Resistence and of course trend lines. Then the channels, Fibo and so on... only then, technical indicators like the many used and programmed to work with many excellent methods. When its learned the other way round, it makes price action trading a boring and a sillest thing to do.

What I notice, many, even in this thread, dont know how to do trendlines. Its like driving automatic gear car all their lives, then when asked to drive manual shift gear, they said,"Its too difficult". Hence I opted the Semi-automatic alternatives, like SHi and LRC.

Another reason why I opted to use SHi or LRC, semi automatic trendline drawer, is for the purpose of EA use.

Channel trading when mastered (actually very easy and i've never seen any successful traders who doesnt know these basics. But I saw traders who made money not knowing these basics, and after a while dissapear. Just like rockets, it blast-off faster than aeroplanes, but also fast dissapearing into the atmosphere), will definitelly be a proper skill and an advantage. Then learning other technical indicators, will compliment and confirm entry and exits. Not the other way round.

This is the reason, why I taught SRDC in stages, slowly and steadily. In the hope of showing newbies the proper (or the forgotten) art of trading.
Each stage is not a complete system, therefore it is foolish to assume it doesnt work. But rather a tutorial to a reach a proper thinking and discipline into trading with the basics. When mastered, and adde with indicators, it WILL be very powerful. Eg: Basiclly, everyone knows, when the cloud is black and wind blows faster than usual, its a basic indicator that a rain might start. Then you chaeck you indicator, which is the barometer.... TV and Radio, to confirm it. Q: How many times TV and Radio got it wrong? Basics are important and its simple.

Anyway, going back to the channel. There is no way a trade can be won 100%. A breakaway from channel is a sign of changing trend. A loss might be incured, but profits have been won many times over during when the trend is developed and followed. Surely that is a clear strong WIN/LOSS ratio. It is not a flawed, its part of trading, in fact a vital information that can be use to make more profits (more in Level 4, codename The Impeccables).

When losses are incurred during a trending market, within a channel, many times over, thats a sign to show, that the channel is working but the traders is NOT! It goes back to understanding and Discipline.

This is the reason why many traders, switched methods because they think it doesnt suit them as it doesnt work. The method work, Its them that cant make it work, because they still dont know how to use it! Instead of leraning more, people gave up and searched for the holy grail. There is no holy Grail in methods. The holy Grail is betewen your ears!! Attitude and discipline.

Now, this thread is gear towards, people learning step by step. Not gear towards having a succesful trading experience in 2 weeks after trying it and make tons of money after that. Even after level 4 is revealed, I bet many will still cannot make pips.

When you are a pilot, would you skip lessons? Like reading instruments?
All lessons must me mastered, then only a good pilot is born.

Like here, we are in the middle of a many lessons. Losses means two things, (1) Part of trading, (2) Traders discipline and understanding. Stay disciplined, yes its hard, thats why only 1% of the traders learning from this thread will be a pro. It could be you.

Fear lead to misery and misery will lead to the dark force.
Change Your Thinking. Change Your Life - JD
  • #351
  • Dec 1, 2006 9:51am Dec 1, 2006 9:51am
Quoting Lou G
I'm still looking into writing an LRC indicator - does anyone know what values are used for each bar in the LRC formula. My first assumption would be that median price (H+L/2) is it but it's not good to assume...

Help me out here - there must be a math or statistics whizkid among us.
http://www.stator-afm.com/linear-regression-lines.html
  • #352
  • Dec 1, 2006 9:55am Dec 1, 2006 9:55am
Jedi Roshan,

Above is one of the most important post that i have read. I am still digesting it and learning. Thanks for giving us the helping hand when alot of us are leaning toward the dark forces. Jedi will prevail...

The future depends on what we do in the present.
  • #353
  • Dec 1, 2006 10:13am Dec 1, 2006 10:13am
Listen - you are hearing loud applause...
Old Benjamin was right
  • #354
  • Dec 1, 2006 10:18am Dec 1, 2006 10:18am
First is SHI, second is LRC with manual extension...
Attached Images
Old Benjamin was right
  • #355
  • Dec 1, 2006 10:28am Dec 1, 2006 10:28am
Just for fun to show how succesful Channel trading really is. The Engine in this EA is SRDC 1&2 part 1. Its not even a full SRDC method. A programmer send it to me by email as a gift. May 06 to Nov 06 at 90% modeling.

What he did in this EA was, putting price action in its rawest form without any indicator, not even CCI. Its like putting most of what I have thought in SRDC I and II into a computer language and teach MT4 platform to trade.

Its a medium power EA, one that could easily won the EA championship. Its traded on less than $50 account. The reason is, it exceed the mini account maximum 50lot per trade when traded with an initial balance of more than $50!

Its also put to money management risk 50%, just to show it can withstand huge loss. Now after you look at the strategy tester report, who wants to have a similar EA, one that might even be more powerful? Thats what this Thread is about, so that no matter how indiscipline you can be, still can have a machine make $$ for you. But sadly not many programmers wants to participate.

Here it is for your enjoyment! Many Jedi pips here... Lets do a new ea that beat this one!! This is one by one guy, with team work, we can put this ea to shame. The Full strategy tester report is 2.2 MB, excedding the maximum allowed for posting. So I just showed the Graph in acceptable size by FF. LOL
Attached Image
Change Your Thinking. Change Your Life - JD
  • #356
  • Edited 11:51am Dec 1, 2006 11:01am | Edited 11:51am
The inevitable will happen, that is death! As good as any trader can be, this will happen to anyone. I for once believe this. This is the reason for designing a powerful EA is to replace us.

I know many Traders think ea trading will not work. I totally disagree 100%. Here is what I think:

There are not many Good traders out there who are good programmers. Programming EA is not the same as actual trading. Many discreationery trading must be translated properly, not directly code to code, in a manner which the platform can understands, by using its limitation to your advantage.

Now, when a trader designed an ea to translate his method and discreanory trading, I bet, the reason why the EA failed is because its not coded properly or backtest in the wrong environment. Many typical ea programmer, do some backtest and found out it doesnt work. They go around tell people, it cant do the job properly.

In making Ea, it's not just making the coding, but the creator of the original method must participate and backtest the result VISUALLY (this is why the Russian upgrage the new patch to strategy tester because they know the importance of this point), not once but until the ea is coded to the trader's satisfaction.

This may take hours and usually days and weeks. Looking at the visual and taking notes when the EA is executing the trades correctly and address the problem to the coder again and agan until 100% satisfied.

Not, look at a method, write a coding, test it a few times and said, the method tho profitable, but it cannt be EAed!! This is the biggest mistake. I could say, A SKILL IS A TERRIBLE THING TO WASTE!

When a method is working and the ea is not, then fixed the EA and find the answer. Before I open the SRDC I thread, I emailed more than 7 top notch programmers and asked them to collaborate with me and even teach me coding. Guess what, none replied!!

I saw their name in the championship complaining he tested his best EA many weeks and he dont understand why it doesnt perform! (wen you know his name please dont mentioned it). Has it not occured to him, that he may be one of the best coders around, but he may use the wrong method to be EAed as he is not a professional trader!

What happens when a PRO, collaborate with team of Excellent coders. He give away his method and a team of coders code and test the EA relentlessly together?

A Very powerful EA, one that could make you a very rich man.
Btw, I already have 3 EAs that has run for more than 1 yr, performing as expected. Who say ea doesnt work!!
Change Your Thinking. Change Your Life - JD
  • #357
  • Dec 1, 2006 11:08am Dec 1, 2006 11:08am
Quoting OrangeRoshan
The inevitable will happen, that is death! As good as any trader can be, this will happen to anyone. I for once believe this. This is the reason for designing a powerful EA is to replace us.

I know many Traders think ea trading will not work. I totally disagree 100%. Here is what I think:

There are not many Good traders out there who are not good programmers. Programming EA is not the same as actual trading. Many discreationery trading must be translated properly, not directly code to code, in a manner which the platform can understands, by using its limitation to your advantage.

Now, when a trader designed an ea to translate his method and discreanory trading, I bet, the reason why the EA failed ibecause its not coded properly or backtest in the wrong environment. Many typical ea programmer, do some backtest and fond out it doesnt work. They go around tell people, it cant do the job properly.

In making Ea, it's not just making the coding, but the creator of the original method must participate and backtest the result VISUALLY (this is why the Russian upgrage the new patch to strategy tester because they know the importance of this point), not once but until the ea is coded to the trader's satisfaction.

This may take hours and usually days and weeks. Looking at the visual and taking notes when the EA is executing the trades correctly and address the problem to the coder again and agan until 100% satisfied.

Not, look at a method, write a coding, test it a few times and said, the method tho profitable, but it cannt be EAed!! This is the biggest mistake. I could say, A SKILL IS A TERRIBLE THING TO WASTE!

When a method is working and the ea is not, then fixed the EA and find the answer. Before I open the SRDC I thread, I emailed more than 7 top notch programmers and asked them to collaborate with me and even teach me coding. Guess what, none replied!!

I saw their name in the championship complaining he tested his best EA many weeks and he dont understand why it doesnt perform! (wen you know his name please dont mentioned it). Has it not occured to him, that he may be one of the best coders around, but he may use the wrong method to be EAed as he is not a professional trader!

What happens when a PRO, collaborate with team of Excellent coders. He give away his method and a team of coders code and test the EA relentlessly together?

A Very powerful EA, one that could make you a very rich man.
Jedi Roshan,

If u really wanna make this into EA, get this guy 'codersguru' from http://www.xpworx.com/

He is really a guru in MQ4 but u need to pay.. ha.
The future depends on what we do in the present.
  • #358
  • Dec 1, 2006 11:15am Dec 1, 2006 11:15am
A mass Thank You to all who replied to my request for LRC info (and to those who may yet reply) - I'm too lazy to answer all my PMs individually
Old Benjamin was right
  • #359
  • Dec 1, 2006 11:21am Dec 1, 2006 11:21am
There have been some very good EA's out there and there will be one for this method too. The problem is that by the time the market changes and EA experiences something for the first time, the programmer is working on the next best thing and does not stay to fix through all conditions. Whoever is the final programmer of this method should commit to stay with it for at least 1 year, if they are going to sell the EA. Skyline has designed the EA so far and he is very good judged by his work on Firebird. I hope that if he does end up doing this EA he will stay when it has problems, and it will.

Good Luck

Thanks to OrangeRoshan for the great method.
  • #360
  • Dec 1, 2006 11:52am Dec 1, 2006 11:52am
Quoting compro99
Jedi Roshan,

If u really wanna make this into EA, get this guy 'codersguru' from http://www.xpworx.com/

He is really a guru in MQ4 but u need to pay.. ha.
he is one of the people I emailed, but not replying. I just cant be bothered now. Not my loss, but his. Sorry.

Thanks for the Info man..
Change Your Thinking. Change Your Life - JD
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