Chandra's Indicators (with Alerts)

Quoting alex7282

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Hi achandrasekaran99

Thank you for you kind posting . have been reading your stuff lately and i feel is a great start for new trader like us .

Easily to be done .

However , i do encounter small confusiion like , i donot know which indicators
and which indicator should be use together .

1) Do you mind telling me which are indicators should be put into the plateform at this moment ?

2) is my following setting correct ?

Really appreciate it if you can reply my question have anice day

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Quoting achandrasekaran99

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4. Laguerre2-ACS1 (MTF_Laguerre with MA):
This is the modified version of my MTF_Laguerre. It can plot two lines. First line plots only for current chart timeframe. The TimeFrame for second line can be changed. The MA bars can be changed for both independantly. Some of the settings are given below (others are obvious):
TimeFrame2=0; (0 = current chart Timeframe; negative = next higher TimeFrame);

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Quoting gayheart6333

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Hello Chandra:

First I want to thank you and Imran for the work you have done.
I am somewhat of a newbie and my questions might reflect that.

I have been studying Imran and your indicators and really like what I see.

1. What are the four colors of arrows for:
Buy 1, Buy 2, Sell 1, Sell 2
2. Can I look at the trade alerts after I have said Ok in that window.

I hope might questions are not a nuisance.

Thanks

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Quoting a777

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Hi Chandra,

Is it possible for you to easily modify your Laguerre2-ACS1 to show three time frames?

For example if we wanted to see 1M, 5M, and 15M lags all on one chart? Then we could immediately see on the 1M chart if the lags on the 5M and 15M agree on the same direction.

Thanks.

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Quoting achandrasekaran99

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Hi Alex,

The setttings are correct, except that the MACD should be 12,26,9 (if you are happy with current settings it is OK, not too much different).

The text signals at top are overlapping or out of screen. you can correct it by changing the TextPosition in Input Parameters and use different numbers. Then you can see all the signals clearly.

chandra-signal-alert-system is included in the updated chandra-SAS3 (but it is ok to keep, because nothing changed for that signals). Unlike LISPA2, others are not filtered for MACD and Stoch. So, you have to check them manually. For LISPA2 signals, you don't need to check MACD, Stoch and EMA25,60 (the program does that work for you).

Chandra-SAS3 methods are different from LISPA2 (each method can be used alone, after confirmation). But don't try too many methods. Find which is comfortable for you and master it.

Simplest setting:
1. LISPA2 signal (SecondEntries better for 5M, FirstEntries better for 15M)
2. price-break of signal bar range (prior bar to the signal)
3. the Bollinger Band sqeeze starts to expand
4. check the S/R levels.

For all methods, I recommend that you wait for points 2-4 (more details are given at the last line of the LISPA2 Settings post at http://www.forexfactory.com/showpost...1&postcount=93 ).

In that case you don't need most of the indicators (Lag, MACD, Stoch, 25-EMA, 60-EMA are checked by program). Also, the separate methods of chandra-sas are not needed if you are using LISPA2. Though you can use any of them as additional confirmation or as separate methods, that is entirely up to you (but they are not part of LISPA method and will make things more complicated, may be you can use them after more experience).

Hope this helps.
chandra

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Quoting uyoff

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Hi CHandra. Many thanks for giving us access to the fruits of your work

I need help in programming the indicators to get an alert whenever the conditions in the chart below are met.

MACD crossed above or below zero or
Stockhistogram crossed above or below zero

sound and email alert, if possible, are needed. Also in the setting allow change for all time frames .

Once again I count on you very helpful members

Thank you in advance

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Quoting achnaide

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Hi,

I have a problem setting up email alert. Indicator does not send emails but I can send test message. I tried both indicators: LISPA2 and Chandra-SAS5. All other alerts work perfect I can see text alert, sound alert and popup window.
May be I am missing user32.dll library or those indicators require some DLL files loaded.

Thank You

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Quoting achandrasekaran99

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Hi,

I think you must be checking it on a 1M chart. The email alerts will not work on 1M chart (once I made that condition and it is continuing in all/most of my alert programs!). It will work fine on all other charts when set to true. Please check it in higher timeframe chart and still if you have problem, let me know.

Regards,
chandra

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Quoting RxPipDaddy

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Hello Chandra,

I want to use your LISPA2 indicator for trading on a 15 minute chart but for additional conformation I want to enter the trade only after the BAR UNDER THE SIGNAL ARROW HIGH OR LOW IS BROKEN (in other words I do not want to use the signal bar's range for entry but I want to use the INDICATOR's MARKED BAR). What are your thoughts on this?

Also I want to know is there a way to get the alert in this program to repeat in case I am at a distance from the computer?

Finally I cannot locate the instructions to send email alerts. Can you please direct me to these instructions. Thank You for all of your contributions for this method.

RXPipDaddy

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Quoting RxPipDaddy

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I was thinking that you meant to activate the trade when the range of the bar previous to the candle is broken. I am happy we are on the same page. I have looked back to April 2007 with this method and it seems that these are very high probability trades if this is done. Do you offset the range by 5-10 pips or so to avoid false breakouts of the signal bar? I have also looked at stops for this time frame. It would seem logical that if a 25 to 30 (including spread 7-9 pips) pips stop is used for a 1-5 minute time frame then one should use a 75-90 pip stop for a periodicity 3 times 5 minutes. What are your thoughts on this? I also think there has to be minimum profit objectives of at least 20 to 35 pips for the 15 min time frame. Do you agree with this thinking? Thank you for all of your help and the indicator is wonderful. I think this will be a very helpful tool in my trading and helpful for my pockets also.

RxPipDaddy

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Quoting achandrasekaran99

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I like to use about 4 pips in 5M chart signals for EURJPY (spread may be a good amount). But sometimes I don't follow this and enter with one or two pips break. If there has been any general range break recently, I don't even wait for this break (but sometimes it makes for losing trades and somedays it makes up most of my losing trades!).

The SL should be based on recent price level (or other S/R levels), not just some number. The reason we use some number is to keep that as maximum SL. If, the recent price level is farther than the 25 or 30 pips, we should not enter the trade (I think it is not clarified that much, but Fx-Ninja has made that point sometime in the Imran's thread). This will be good for 15M also! When the TF increases four times it does not mean we have to increase SL by 4, because volatility does not increase in such straight way. A double will be enough while going to hourly, but the S/R levels make the proper SL and the number we arrive is the maximum we should accept. If not, we just wait for better setup with a good SL less than our maximum. Usually that will lead us to Consolidation Breakouts or Curved Reversals. I discussed these patterns in Imran's thread (you can read that in this link: http://www.forexfactory.com/showpost...postcount=5828 ).

Profit also should be based on recent price level (or other S/R levels) in any timeframe. The best way would be to take some profit in the closest level; say some 15 pips or 10% for half position, and the rest ride for more with a Stop at breakeven until a much stronger S/R level or follow red Lag2 or until opposing pattern develops.

These things make it impossible to automate and so it is discretionary.

May be if you drop some questions on Imran's thread, you will get more suggestions (because more people are checking there).

Hope this gives some idea about SL and TP.

Regards,
chandra

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Quoting RxPipDaddy

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Again Thank you for your prompt responses. I have a few more questions. When trading Longer term time periods what number of pips break would you think is best for 1 hour periods? I was thinking anywhere from 20 to 60 pips. Do you think using the LISPA signal one setting is the best for use in one hour time frames? I have found that it gives crisp clear signals using the signal 1 setting but I want to get your opinion. Also in response to your suggestion about the other thread... following the crowd is not always the best way in anything. It is a little congested there and it is hard to sort hard fact from opinion. Plus this thread could a little more action :-) !!!Also I have noticed that if the sould alert is given often times the pop up window will not occur. Is there any way to fix this?

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