I've found a strange flaw in my indicator. When you scroll the chart to unknown area and it downloads new information from NF's servers those arrows just seems to multiply. I have no idea why but I'm googling for a solution, if anyone know anything please PM me =)
- #306
- Aug 10, 2007 11:48am Aug 10, 2007 11:48am
Guys, with this great tool IndyCash provided us we are able to find optimal values for different pairs and post your best results here and let others to compare!
Sometimes I got differences on my charts from this calculator but hope it'll not effect too much.
Thank you Indy for your great work! And thanks to everyone
Sometimes I got differences on my charts from this calculator but hope it'll not effect too much.
Thank you Indy for your great work! And thanks to everyone
- #308
- Edited 5:01pm Aug 10, 2007 3:24pm | Edited 5:01pm
GREAT WORK INDY!! Thanks a MILLION! ;-)
However, I have a question . . . I am getting different values for EMA20 and EMA50 on my NF chart (for the same pair, time period, and Daily bar (open +2GMT)
I have only calculated the Simple MA20 and 50... after looking it up, calculating an EMA was just too complicated to consider at this stage. :\
I 'hope' SMA levels will achieve the same purpose? Anyone?
*EDIT: I found an error in the SMA calc code.. thanks for noticing Kev. I have also worked out how to calc the EMA and will also add the SMA5 channel numbers as well. (should have it done soonish)
EDIT: I did some testing and it seems to lag behind. It enters a deal on the fourth bar instead of the third it seems. USDCHF 03 25 70 50 <-- my settings. compare to a chart and see it trades on the 12th instead of the 9th. Very good work anyway!
The trend seems to always be bullish on signals for all the pairs too I notice... my coding looks right but that doesnt make sense.. so am still making sure the trend call is correct too.
- #309
- Aug 10, 2007 3:30pm Aug 10, 2007 3:30pm
Hey SIMPLE traders
You've got a great thread going here. I'm following it with great interest. I trade a variation of the Fozzy Daily and I think this would be a terrific supplement to that strategy. When we limit out on the 2nd or 3rd candle, if we've had 3 bullish/bearish candles in a row, we could reenter for additional pips!
One thing that I thought of which MIGHT be helpful is a price channel consisting of: 5 Smooth Moving Average High and 5 Smooth Moving Average Low. This has been very helpful to me trading my variation of the Fozzy.
When price closes above/below this channel, it TENDS to continue for additional candles. If you look at the price channel on the time frame above (in this case the Weekly), it is even more predictive of a loooong run on the Daily.
It was just a thought. Your winning % is so high, with the possible exception of finding the optimum stop loss and limits for each pair, you may not want to tinker with what you've got. Keep up the good work. you've got something special going here.
Thanks for a nice tip!
Heh, not really! You guys make this system work!
btw guys, while indicator and maybe expert adviser under my construction (it may take decades LOL)
I can't say a lot about the system or it's profit potential as I haven't traded it, but from experience I know that the simple systems are always the most robust and that's exactly why I programmed it. Thanks for sharing and I'll send it over when I hear from you.
- #311
- Aug 10, 2007 4:09pm Aug 10, 2007 4:09pm
Shoot me a PM with your email address. I have 2 versions of this systems programmed using your rules, but I've added in a lot of functionality which can be switched on or off. I'd like to have you look over it first before posting it to make sure it's executing as you would trade it manually.
I can't say a lot about the system or it's profit potential as I haven't traded it, but from experience I know that the simple systems are always the most robust and that's exactly why I programmed it. Thanks for sharing and I'll send it over when I hear from you.
Pmed
ATR ("Average True Range")
Developed by J. Welles Wilder and introduced in his book, New Concepts in Technical Trading Systems (1978), the Average True Range (ATR) indicator measures a currency’s volatility. Wilder defined the true range (TR) as the greatest of the following:
- Current high less the current low.
- The absolute value of: current high less previous close.
- The absolute value of: current low less previous close.
The method of calculation ensures that significant gaps accompanied by small high/low ranges are not excluded when measuring volatility. The last two possibilities arise when the previous close is greater than the current high (potential gap up) or lower than the current low (potential gap down). Absolute values were applied to differences to ensure positive numbers.
Typically, ATR is based on 14 periods and can be calculated on an intraday, daily, weekly or monthly basis. The first 14-day ATR value is a simple average of the last 14 daily ATR values. Subsequent calculations would smooth the indicator by including the previous 14-day ATR value when calculating the current day’s ATR value.
- #317
- Aug 11, 2007 1:29am Aug 11, 2007 1:29am
- | Membership Revoked | Joined Dec 2005 | 2,298 Posts
Same Whore .... Different Dress
- #318
- Aug 11, 2007 3:47am Aug 11, 2007 3:47am
Results for pair: AUDUSD
Period: Feb-Jul 2007
Total signals: 7
Winners: 7
Losers: 0
Pips: 850
Daily Start Time: 05:00:00 GMT
TP1: 50 TP2: 100 SL: 200
Indycash.....kudos on a job VERY well done
would you also make the stop loss with a zero option......
Will you survive if 2 bad trades had happened? 
- #319
- Aug 11, 2007 4:22am Aug 11, 2007 4:22am
This is somewhat I got for GBP/USD for a period of AUG 2006 - AUG 2007. This is NOT an EA proposed by techinvest, waiting for his reply with patience
I have modified some expert advisor with our 20/50 EMA filter and found optimal settings for TP and SL with pair GBP/USD. Results are quite impressive as for me. The best thing in SIMPLE is not the profit returned but maximum DD . As you can from the picture the possiblity of losing trade is quite low.
However I would like to ask our senior coders around here (IndyCash or Zunk) - if you guys have a little free time please let me know, 'cause that would be great if you could check the code line by line and look for the bugs in it.
Thank you and kind regards,
TheThing
I have modified some expert advisor with our 20/50 EMA filter and found optimal settings for TP and SL with pair GBP/USD. Results are quite impressive as for me. The best thing in SIMPLE is not the profit returned but maximum DD . As you can from the picture the possiblity of losing trade is quite low.
However I would like to ask our senior coders around here (IndyCash or Zunk) - if you guys have a little free time please let me know, 'cause that would be great if you could check the code line by line and look for the bugs in it.
Thank you and kind regards,
TheThing
