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SRDC Episode II

  • #361
  • Dec 1, 2006 11:53am Dec 1, 2006 11:53am
Quoting Lou G
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
LOL Lou G. Now, you know how it feels..... LOL
Change Your Thinking. Change Your Life - JD
  • #362
  • Dec 1, 2006 1:28pm Dec 1, 2006 1:28pm
Greetings all. Yesterday a poster in this thread asked about a simple indicator that would show yesterday's High, Median, Low, and Close. For any that wish to download such an indicator i have two at my MT4 resrource page. Scroll down the page and you will see two indicators called ATM_HMLC and ATM_HMLCall. The ATM = AccreteTradingModel... the HMLC will show just yesterday's data (including yesterday's and current day's range in upper left data corner). The HMLCall is nice for backtesting as it will leave the prior day's data lines on the chart so you can scroll back as far as you wish and back test a breakout strategy on daily range.

: ) Thom
  • #363
  • Dec 1, 2006 2:17pm Dec 1, 2006 2:17pm
Master Jedi Roshan,

I sensed from the beginning of our training that Master Jedi posseses a depth beyond the obvious humurous approach to our training. I for one, find myself committed to the learning process and continue to educate myself in order to be able to appreciate what it is being taught. The path is difficult and at times this thread takes a spin but I am confident that the Master will always bring it back to the STEP BY STEP approach. Please be patient with us neophytes as will stumble and fight our own dark forces that lie deep in our consciouness. For those futher ahead in the Jedi path please keep in mind that this thread purpose is to "change the mindset" of beginners in the Forex Galaxy. Thanks to all the support provided.

Quoting OrangeRoshan
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.
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  • #364
  • Dec 1, 2006 3:09pm Dec 1, 2006 3:09pm
Just to thank Master OrangeRoshan for his patience to keep this thread alive with his great trading experience. I have been a manual trader for nearly 8 years, but it is my belief that an EA can do nearly everything that we can AND work 24 hours, which I can't.

Unfortunately, I cannot do much with programming since having a stroke a few years ago, but I can still trade [one handed!! ].

I look forward to more insights of the Master's knowledge and prossibly 'we' [meaning goods guys like Lou G etc] can get the EA working.

All the best to OrangeRoshan and the fellow traders/Jedi Knights and may the force be with you.
  • #365
  • Dec 1, 2006 3:26pm Dec 1, 2006 3:26pm
Hello,

Skyline Just wondering if we can help test the EA your working on?
Or will this only be for your personal use.

Regards

MR Smith
  • #366
  • Edited 4:56pm Dec 1, 2006 3:29pm | Edited 4:56pm
Teamspeak is up and running. The OrangeRoshan Method can now be discussed 24/7 on teamspeak. You can download your Teamspeak at http://www.goteamspeak.com/index.php?page=downloads it is free.



It will be a few days before all the details and bugs are worked out but for now you can sign in and test your settings and talk if anyone is there.
You will need a computer running windows, a speaker to listen and a microphone if you want to talk. Sign on with your Forex Factory name in the nickname area and the password is getpips. The address is 24.163.41.56.

Obviously trading will be down for the weekend but you can still discuss the forum. All the rules have not be established but you should use the same standards we have in this thread for now. Good humor, no bad words. Keep it light and friendly.

Thanks....you can pm me with any questions and I will get to them as I can. Have a great weekend.

New: Some of you have been into Teamspeak and may be having problems. Make sure your mic and speakers are working and then when you come in, you may need to adjust some sound settings. We will have the bugs worked out next week.
  • #367
  • Dec 1, 2006 5:07pm Dec 1, 2006 5:07pm
Was there a technical reason that "TeamSpeak" was used that ONLY allows for voice? Rather than PalTalk (also free and excellent) that allows users to type in their questions/responses? I was in several TS rooms, including the OR room and many of them had technical difficulties with echo and such. Things that i never ran into during the past 4 years of using PalTalk.

Just wondering, don't want to rock the boat, i'm just one of those that like options in communication, like voice AND text.

but them maybe i'm old fashioned. grin
Thom
  • #368
  • Dec 1, 2006 5:30pm Dec 1, 2006 5:30pm
I'm having difficulty understanding how to use the previous day high and low in conjunction with Level 2 - I have both the SHI and the previous hi/lo on my chart but often it seems that the hi/lo range is not positioned so that it can be relevant to today's prices. Can you post a sample chart that will clarify this? When you have time...

Thanks,
Lou
Old Benjamin was right
  • #369
  • Dec 1, 2006 5:34pm Dec 1, 2006 5:34pm
Hi Thom,

I uses skype and am pretty happy with it. But it can only support 5 people. Does paltalk have that limitation?

aha



Quoting accrete
Was there a technical reason that "TeamSpeak" was used that ONLY allows for voice? Rather than PalTalk (also free and excellent) that allows users to type in their questions/responses? I was in several TS rooms, including the OR room and many of them had technical difficulties with echo and such. Things that i never ran into during the past 4 years of using PalTalk.

Just wondering, don't want to rock the boat, i'm just one of those that like options in communication, like voice AND text.

but them maybe i'm old fashioned. grin
Thom
Target: Trading naked.
  • #370
  • Dec 1, 2006 5:37pm Dec 1, 2006 5:37pm
Fellow jedi trainees,

I would like to encourage you to try the teamspeak connection. I tried it and it works great! I spoke with several of our regular members and we were able to comunicate very well. I am very optimistic about the potential of this tool. Master OrangeRoshan will be participating so get your sabers and let's get this thing off the ground and into the cosmos. Let us also follow the rules of this forum and those set by the Master.

Hope to hear your voices
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  • #371
  • Dec 1, 2006 5:39pm Dec 1, 2006 5:39pm
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...
Hi Lou,

I agree with you, SHI channel is like shooting at a moving target. I perfer a static or almost static channel drawning tool. LRC seems to be a better choice. You can draw and apply LRC individually on each time frame, ie: 1hr and daily and it captures the price action nicely. What becomes a bit more problematic is when you overlay the 1 hr LRC on your daily chart the 1 hr LRC then adjusts to fit the price action on the daily chart. It doesn't appear to replicate what you see on the 1 hr chart. It's close but it's not the same.

The other point I wanted to make about having a more static channel is when a channel is broken either to the long side or short side there are ways to trade the breaks of the channel. So you don't always want the channel to self adjust with every new candle. With that said, I may be getting ahead of the Master in his teaching methodology. I believe the Master at some point will teach us how to trade a channel breaks. Master Orange is a very experienced trader and we just need to follow his teachings as he leads us into new and undiscovered galaxies.
Dave If you can't swim with the sharks stay out of the water!
  • #372
  • Dec 1, 2006 5:44pm Dec 1, 2006 5:44pm
Accrete and others,

I am not sure what the technical reason was but I am sure that any bugs that anyone is experiencing will be address by those who are putting this together (for free) for the benefit of all of us. Let's give this sometime to evolved to meet our needs. The echo by the way could be caused by not having a headset. Others minor difficulties could be that the person is not used to this device..i.e moving your face from the microphone etc.

I hope this helps


Quoting accrete
Was there a technical reason that "TeamSpeak" was used that ONLY allows for voice? Rather than PalTalk (also free and excellent) that allows users to type in their questions/responses? I was in several TS rooms, including the OR room and many of them had technical difficulties with echo and such. Things that i never ran into during the past 4 years of using PalTalk.

Just wondering, don't want to rock the boat, i'm just one of those that like options in communication, like voice AND text.

but them maybe i'm old fashioned. grin
Thom
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  • #373
  • Dec 1, 2006 5:56pm Dec 1, 2006 5:56pm
Hey Orange,

I am interested. I know you asked me before but at the time I wasn't convinced that the simple level I will be profitable, I don't know you have 4 levels.

About the indicator you were asking a few posts ago. I can do it but I think it won't reflect the true w/l ratio of level 1. Because during a day the price may test the daily r/s and withdrew back (see those pin bars pull away from the daily highs/lows), and later it may retest it again and break through. If the withdrawal after the first test is deep enough it may hit the SL. I think I can do another indicator to check at those situations too.

aha


Quoting OrangeRoshan
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!!
Target: Trading naked.
  • #374
  • Dec 1, 2006 6:09pm Dec 1, 2006 6:09pm
Will add other 2 paramters Y and Z pips as entry and SL. Check the percentage that it breaks the SR Y pips but withdraw back Z pips inside the daily range before it hits X target.

aha


Quoting OrangeRoshan
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.
Target: Trading naked.
  • #375
  • Dec 1, 2006 6:36pm Dec 1, 2006 6:36pm
Quoting OrangeRoshan
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..
I'm so sorry If I didn't reply your email!
And sure I'll loss! a friend or a client or both!

I'm sorry again!
Stop asking ChatGPT for broken MQL code. VisualMQL it instead.
  • #376
  • Dec 1, 2006 7:39pm Dec 1, 2006 7:39pm
Quoting blewmoon
Just to thank Master OrangeRoshan for his patience to keep this thread alive with his great trading experience. I have been a manual trader for nearly 8 years, but it is my belief that an EA can do nearly everything that we can AND work 24 hours, which I can't.

Unfortunately, I cannot do much with programming since having a stroke a few years ago, but I can still trade [one handed!! ].

I look forward to more insights of the Master's knowledge and prossibly 'we' [meaning goods guys like Lou G etc] can get the EA working.

All the best to OrangeRoshan and the fellow traders/Jedi Knights and may the force be with you.
That's my thinking about the value of a dependable EA as well. I live in the Midwestern US and need to sleep during most of the London session. I miss many good opportunities and would love to write an EA that could cover for me at that time.
Old Benjamin was right
  • #377
  • Edited 10:20pm Dec 1, 2006 8:47pm | Edited 10:20pm
Quoting accrete
Was there a technical reason that "TeamSpeak" was used that ONLY allows for voice? Rather than PalTalk (also free and excellent) that allows users to type in their questions/responses? I was in several TS rooms, including the OR room and many of them had technical difficulties with echo and such. Things that i never ran into during the past 4 years of using PalTalk.

Just wondering, don't want to rock the boat, i'm just one of those that like options in communication, like voice AND text.

but them maybe i'm old fashioned. grin
Thom
Teamspeak does allow for text and it will all be set up in the coming week. Please be patient because this service will best suit the needs of many users. In the coming weeks you will see why we chose this software. Technical problems will be worked out quickly. Today was the first day the server was turned on.

IMPORTANT: When you sign on, it will take a few minutes for you to get your settings right. Microphone volume, etc. Please take time to get familiar with Teamspeak.

Thanks,

PS. Had a great time talking with some of the members of this thread tonight. We talked, answered some questions and generally had a good time. What a great bunch we have here.
http://www.goteamspeak.com/index.php?page=downloads
  • #378
  • Dec 2, 2006 3:22am Dec 2, 2006 3:22am
Here is the indicator Orange requested a few pages ago regarding SRDC I:

http://www.forexfactory.com/forexfor...&postcount=568

Man, what can I say, I am totally sold.



Quoting aha
Will add other 2 paramters Y and Z pips as entry and SL. Check the percentage that it breaks the SR Y pips but withdraw back Z pips inside the daily range before it hits X target.

aha
Target: Trading naked.
  • #379
  • Dec 2, 2006 4:58am Dec 2, 2006 4:58am
Quoting blewmoon
Just to thank Master OrangeRoshan for his patience to keep this thread alive with his great trading experience. I have been a manual trader for nearly 8 years, but it is my belief that an EA can do nearly everything that we can AND work 24 hours, which I can't.

Unfortunately, I cannot do much with programming since having a stroke a few years ago, but I can still trade [one handed!! ].

I look forward to more insights of the Master's knowledge and prossibly 'we' [meaning goods guys like Lou G etc] can get the EA working.

All the best to OrangeRoshan and the fellow traders/Jedi Knights and may the force be with you.
I am sorry to hear about your stroke. Dont let it ever stop you from trading. As I mentioned before in my previous posts, EA work (when designed and done properly), Here is a fine example why someone need an EA.

Ive met many Professional traders and quite a few has died. Ive yet to see their children becoming a Pro like them or making the same money like the pro father. My point is: This is a skill where it is not easy inherited. Many excellent trading skills and secrets are left buried after the traders death. What a crying shame.

Forex internet trading is growing really fast and its quiet a new business opportunity. Trading driven by A.I (Artificial Intelligence) is even newer. Much like computers in the 70s. Many skeptics, even amongst the pro.

Well, Let me say this. Wouldnt it be nice when an EA could capture, even 10% of the trading skill of a PRO, which will generate PASSIVE or PORTFOLIO income for the owner and their families?

Develop excellent EAs that can replace you!! Dont said,"What happens when it doesnt work?, asked, What happens when it work?"

Technologies are rapidly changing and growing. Do it now, follow the dreamer not the skeptics.

Blewmoon, Dont give up!
Change Your Thinking. Change Your Life - JD
  • #380
  • Dec 2, 2006 5:07am Dec 2, 2006 5:07am
Quoting CodersGuru
I'm so sorry If I didn't reply your email!
And sure I'll loss! a friend or a client or both!

I'm sorry again!
Its ok Coders. Apologies accepted. Everybody is learning. Its a big world out there, we can never know who come knocking at our door.

May the force be with you.
Change Your Thinking. Change Your Life - JD
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