SRDC Episode II | Page 25 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SRDC Episode I 1,331 replies

SRDC II Channel of the day 74 replies

Discussion on Indicators pertaining SRDC 62 replies

SRDC II Journal for All 11 replies

SRDC II Charts posting and discussion pertaining to it 37 replies

Attachments: SRDC Episode II
Exit Attachments

SRDC Episode II

  • #481
  • Dec 4, 2006 7:22am Dec 4, 2006 7:22am
Hello fellow galaxians

Boy, sorry I missed Rojam last night at the Teamspeak. I logged on just before he signed off and was able to stay for a while. Teamspeak is becoming an great vehicle for learning and sharing with a bunch of really nice and considerate members of this galaxy. I would really encourage anyone interested in learning whether your are a newbie or a veteran of many forex battles to come in and contribute. People, we have an opportunity to develop a great site for making $$$$$ and enjoy ringside seats while some of us will share their live action trading. I am not sure if our Master OrangeRoshan participated last night but when he does it will be an very rewarding time to log in and participate. Ok, I would like to ask the Master and other jedis, especially those that were present at Teamspeak if the following channels on my IBFX demo are correct. (Linear/hr)

Thank You
Attached Image
All 4 1 and 1 4 All
  • #482
  • Dec 4, 2006 7:26am Dec 4, 2006 7:26am
How about this one?
Attached Image
All 4 1 and 1 4 All
  • #483
  • Dec 4, 2006 7:27am Dec 4, 2006 7:27am
Or this one?
Attached Image
All 4 1 and 1 4 All
  • #484
  • Dec 4, 2006 7:34am Dec 4, 2006 7:34am
Quoting 4rex
Or this one?

According to what was discussed in teamspeak today with Roshan and all, yr GBP seem correct i guess. See mine, LRC (Green). I use another Equidistant to draw the in-between for the top to median and bottom to median (blue). So there are 5 lines with 4 quadrants + last week monday fibo + today fibo.
Attached Image
The future depends on what we do in the present.
  • #485
  • Dec 4, 2006 7:53am Dec 4, 2006 7:53am
Compro,

You say "I guess" does that mean that you are not sure? How was the session with MasterRoshan at Teamspeak?


Quoting compro99
According to what was discussed in teamspeak today with Roshan and all, yr GBP seem correct i guess. See mine, LRC (Green). I use another Equidistant to draw the in-between for the top to median and bottom to median (blue). So there are 5 lines with 4 quadrants + last week monday fibo + today fibo.
All 4 1 and 1 4 All
  • #486
  • Dec 4, 2006 7:54am Dec 4, 2006 7:54am
You missed out if you didnt get into the teamspeak session last night, alot of information was exchanged. Master Orange made an appearance and we have updated charting tools now.Check em out
Attached Image
  • #487
  • Dec 4, 2006 8:05am Dec 4, 2006 8:05am
Quoting 4rex
Compro,

You say "I guess" does that mean that you are not sure? How was the session with MasterRoshan at Teamspeak?

I wasn't 100% sure abt it. Let Jedi Roshan grade my art piece.. ha.

He was jovial and answered all questions shooting at him. He came in at abt just before London open. Catch him again tomorrow.
The future depends on what we do in the present.
  • #488
  • Dec 4, 2006 8:08am Dec 4, 2006 8:08am
Here is the GBP channel as of Dec 4. Use your LRC tool and start from 27 Nov and pull it to 1 Dec. Check the ray box in the parameters tab. This will extend the channel lines to the right which will capture the price action of Dec 4.
Master Roshan says to divide the channel into 4 quadrants. So you already have the median line, draw one line half way between median and top channel line and one line below median and bottom channel line. Now you have your 4 quadrants. Starting from the top channel line number the quadrants 1, 2, 3 and 4. Watch for sell signals in quadrant 1 and buy signals in quadrant 4. When prce is in quadrant 2 and 3 it's best to wait until price enters quadrant 1 or 4 before placing a trade. This was the gist of the lession Master Roshan gave in the trading room today. Hopefully Master Roshan will add to this if I missed any important points.
Attached Image
Dave If you can't swim with the sharks stay out of the water!
  • #489
  • Dec 4, 2006 8:17am Dec 4, 2006 8:17am
Hi everybody,
after today's teamspeak session, that's how your charts should look like.

1) Notice equidistant channel (blue lines) drawn at 25 and 75 levels giving us 4 quadrants.

2) Weekly Fib levels drawn Mon Nov 27 from TOP to LOW of the CHANNEL.

3) Daily Fib drawn everyday at 00:00

http://picnac.com/images/241fibo4.gif
  • #490
  • Dec 4, 2006 11:18am Dec 4, 2006 11:18am
Hi Dave,

Your chart is on fire.

aha


Quoting downunderdave40
Here is the GBP channel as of Dec 4. Use your LRC tool and start from 27 Nov and pull it to 1 Dec. Check the ray box in the parameters tab. This will extend the channel lines to the right which will capture the price action of Dec 4.
Master Roshan says to divide the channel into 4 quadrants. So you already have the median line, draw one line half way between median and top channel line and one line below median and bottom channel line. Now you have your 4 quadrants. Starting from the top channel line number the quadrants 1, 2, 3 and 4. Watch for sell signals in quadrant 1 and buy signals in quadrant 4. When prce is in quadrant 2 and 3 it's best to wait until price enters quadrant 1 or 4 before placing a trade. This was the gist of the lession Master Roshan gave in the trading room today. Hopefully Master Roshan will add to this if I missed any important points.
Target: Trading naked.
  • #491
  • Dec 4, 2006 12:10pm Dec 4, 2006 12:10pm
Quoting hensch
Hi everybody,
after today's teamspeak session, that's how your charts should look like.

1) Notice equidistant channel (blue lines) drawn at 25 and 75 levels giving us 4 quadrants.

2) Weekly Fib levels drawn Mon Nov 27 from TOP to LOW of the CHANNEL.

3) Daily Fib drawn everyday at 00:00
Hi,

Firstly, thanks to all participants for creating a good humoured and good spirited thread. Secondly, thanks to Master for his willingness to share!

Finally, as a complete newbie I beg for your patience.

I have tried to draw the fibs as you recommend but find that the fib 100 'snaps' to the top of the first candle on Mon 27th. Please see attached picture. How do I make it draw from the TOP of the channel.

Thanks,
Attached Image
  • #492
  • Dec 4, 2006 12:21pm Dec 4, 2006 12:21pm
Quoting exastris
Hi,

Firstly, thanks to all participants for creating a good humoured and good spirited thread. Secondly, thanks to Master for his willingness to share!

Finally, as a complete newbie I beg for your patience.

I have tried to draw the fibs as you recommend but find that the fib 100 'snaps' to the top of the first candle on Mon 27th. Please see attached picture. How do I make it draw from the TOP of the channel.

Thanks,
Whoops,

I think this is one of those situations where you find the answer after submitting the question I managed to draw it correctly using the parameters value within the FIB object. I assume that's how it's done.
I also assume that the 'snap' action is the default behaviour.

Anyway, I'll let the orginal post stand as a kind of intro.

Bye for now
  • #493
  • Dec 4, 2006 1:56pm Dec 4, 2006 1:56pm
Quoting hensch
This is how it looks like

http://picnac.com/images/3281fibo3.gif
Hi, Hensch

Not sure if you were responding to my chart or not, but what are you using here? LRC or SHI? What are the two other channels?

Thanks, Dan
  • #494
  • Dec 4, 2006 3:11pm Dec 4, 2006 3:11pm
Sample chart
Attached Image
  • #495
  • Dec 4, 2006 3:16pm Dec 4, 2006 3:16pm
Quoting aha
Hi Dave,

Your chart is on fire.

aha
Hi Aha,

Yes, my charts a bit busy looking right now. I have way too many indicators and lines on the chart. I hope to clean it up a bit over the next weekend. I promise it will get better....lol.
Dave If you can't swim with the sharks stay out of the water!
  • #496
  • Dec 4, 2006 3:18pm Dec 4, 2006 3:18pm
Here it is guys
Attached Image
All 4 1 and 1 4 All
  • #497
  • Dec 4, 2006 3:20pm Dec 4, 2006 3:20pm
Quoting Gids
Hi, Hensch

Not sure if you were responding to my chart or not, but what are you using here? LRC or SHI? What are the two other channels?

Thanks, Dan
Hi Dan, the chart was posted during the teamspeak session this morning.

1) We use LRC.

2) Add 2 more trend lines dividing the channel in 4 quadrants.

Hope this helps.

Henry
  • #498
  • Dec 4, 2006 4:25pm Dec 4, 2006 4:25pm
Quoting hensch
Hi Dan, the chart was posted during the teamspeak session this morning.

1) We use LRC.

2) Add 2 more trend lines dividing the channel in 4 quadrants.

Hope this helps.

Henry
Thanks, Henry. Are the trend lines added to LRC somehow or separately?
  • #499
  • Edited 9:59pm Dec 4, 2006 4:50pm | Edited 9:59pm
Hi Orange,

Here is an indicator basically does what you have asked for.

There is an input parameter called daysago. It's for testing purposes. When it's set to 0, it draws LRC for current chart. When it is set to, for example 10, it will draw LRC based on the situation 10 days ago so the channel can be used as a reference for the trading around those days (not for recent days). In this way it allows a tester to backtest this indicator and see if it is intelligent enough to perform in different period of the history.

The TICK for current bars open price is also added, if that's what you meant.

Anyone who are interested in testing this out please feel free to do so. If you find a time in the history that this indicator draws the channel wrong, you may PM me and I will see what I can do to improve its intelligence.

aha

[Edit] Added a twostepchannel parameter. Which allows to display the last two LRC channels that were in effect. Thought this feature would be helpful when the trend reversal is happening.


Also I decided to move this indicator from this thread to the EA factory thread, where I maintain most of my work. So I don't have to come back and fumble through this growing thread for related responses.

Here is the link: http://www.forexfactory.com/forexfor...&postcount=578






Quoting OrangeRoshan
Fantastic!!!

First Task on the LRC:

See how MT4 drew tha channel with LRC. Can we mimic that.

- it finds a trend
- that correspondent to the last day of trading.
- A LRC channel has 2 areas, the top and the bottom, draw a TICK on the right area to show where the candle starts. This is just a test that it correctly iddentified the candle first appear.

Additional task on this indicator will be added after it is done. This will enable the EA to LONG or SHORT accordingly on the breakout of the candles over yesterday's candle.

Regarding the EA optimisder, i didnt depend much on it as we foundout, it didnt really give the result we really wanted. Maybe a bug or limitation. So we made indicators and use the findings to optimised our settings.

Later, you will notice, a script of AI must be included to optimised the EA in the long run. We want 100% mechanical.

Can an EA be taught to read certain format of instruction from email and process them. This could be helpful for adding fundamentals so the EA will react to it. This is the final pase tho.

Thanks.

May the pips be with us.
Target: Trading naked.
  • #500
  • Dec 4, 2006 5:06pm Dec 4, 2006 5:06pm
Quoting Gids
Thanks, Henry. Are the trend lines added to LRC somehow or separately?
You can draw them separately or use the equidistant channel. Whatever it's easier for you.

Henry
12 traders viewing now