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Attachments: Chandra's Indicators (with Alerts)
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Chandra's Indicators (with Alerts)

  • #141
  • Jan 24, 2008 10:43pm Jan 24, 2008 10:43pm
Hi Chandra,
Thanks for your hard work and more importantly for sharing with us. It is appreciated. I am familiar with Imran's method, in fact I have read most of the thread, expect the last two weeks I believe. Anyway, I have also read this thread, great stuff. So, I have couple of questions for you..

1) I got this indicator, "Laguerre1Alert+Email.mq4", from Imran's thread. It does not have 2EMA build in, therefore Lag1 and Lag2 values and profiles are different than your values. In fact, I like it better with 2EMA included. Since I would like to have alert or especially e-mail only based on Lag1 and Lag 2 values, I was wondering if you can include 2EMA into this indicator? ( It is attached here)

2) I would like to start learning MQL4 and was wondering if you can recommend any books for that?

Regards,
Attached File(s)
File Type: mq4 Laguerre1Alert+Email.mq4   4 KB | 828 downloads
  • #142
  • Jan 24, 2008 10:47pm Jan 24, 2008 10:47pm
Quoting achnaide
Thanks for your fast reply. I was checking it on 1M timeframe because I was configuring mobile trading system and 1M time frame is faster way to get a signal. I'll try again on Sunday evening with bigger time frame and let you know.

Thank You
achnaide
Achnaide,
I would like to get PDA and service for forex trading and was wondering if you can make any recommendations for

 

  1. PDA
  2. service provider
  3. and broker that provide mobile trading for MT4

I also look forward to getting feedback from everyone..

Regards,

  • #143
  • Jan 25, 2008 12:28pm Jan 25, 2008 12:28pm
Quoting Fx97
Hi Chandra,
Thanks for your hard work and more importantly for sharing with us. It is appreciated. I am familiar with Imran's method, in fact I have read most of the thread, expect the last two weeks I believe. Anyway, I have also read this thread, great stuff. So, I have couple of questions for you..

1) I got this indicator, "Laguerre1Alert+Email.mq4", from Imran's thread. It does not have 2EMA build in, therefore Lag1 and Lag2 values and profiles are different than your values. In fact, I like it better with 2EMA included. Since I would like to have alert or especially e-mail only based on Lag1 and Lag 2 values, I was wondering if you can include 2EMA into this indicator? ( It is attached here)

2) I would like to start learning MQL4 and was wondering if you can recommend any books for that?

Regards,
Hi,

1. The LISPA2 has all the alerts. If you are looking for Lag crossing the trigger values (0.15 or 0.85) along with EMA filter, it is not that useful. Because if the Lag crosses one time and the EMA crosses later, you will not have signal and most often that will miss the real good moves. Thats why LISPA2 does it differently and has EMA filter (but LISPA1 uses the Lag crossing trigger line and cannot have filters).

2. I did not read any book for coding. I have good Fortran knowledge and a little C++. I just downloaded many codes and read them until I understood each and every word of the code (if you know C++, you can read the codes easily). If I wanted to add more stuff, I checked metaquotes.net or thought about strategies for hours and hours. That simple!

Regards,
chandra
  • #144
  • Edited 11:36am Jan 26, 2008 11:34am | Edited 11:36am
Quoting achandrasekaran99
Hi,

1. The LISPA2 has all the alerts. If you are looking for Lag crossing the trigger values (0.15 or 0.85) along with EMA filter, it is not that useful. Because if the Lag crosses one time and the EMA crosses later, you will not have signal and most often that will miss the real good moves. Thats why LISPA2 does it differently and has EMA filter (but LISPA1 uses the Lag crossing trigger line and cannot have filters).

2. I did not read any book for coding. I have good Fortran knowledge and a little C++. I just downloaded many codes and read them until I understood each and every word of the code (if you know C++, you can read the codes easily). If I wanted to add more stuff, I checked metaquotes.net or thought about strategies for hours and hours. That simple!

Regards,
chandra
Dear Chandra,

1) This is what I wanna do: I am looking for indicator that is capable of sending e-mail when:

  1. Laguerre (0.8, MA2) is at certain value (say for sell it crossed down 0.85 and for buy crossed up 0.15 at 5 min chart)

I would like to be able to change this values ( 0.85 and 0.15) for different time frames ( I am exercising these values)

Then When I got the e-mail, the reason that I am saying e-mail to be able to mobile trade, I would like to look where the price is comparing to pivots and the overall trend, and then decide to open any position or not.

So the issue is now with LIPSA1 and LIPSA2 I cannot change corss values (0.85, 0.15) and with "Laguerre1Alert+Email.mq4" and do not have effect of 2MA ( see the attached picture that compare Lag (0.8), bottom chart, to Lag(0.8, 2MA), upper chart). Even thogh they look very similar at any given time the values are different (~ 0.023/ 0.09)

Additionally, when I got e-mail I would like to know at which time frame that happened. So, this is what I need:

  1. what is the code for adding 2MA to Laguerre ( coding for laguerre is already in "Laguerre1Alert+Email.mq4")
  2. what is the additional code to add to emailing to be able to see time frame (coding for emailing is already in "Laguerre1Alert+Email.mq4")

2) Thanks fo the advise. I am an engineer however have very basic programming background. If I will continue in forex trading, I think I better learn MQL4. And, I totally agree with the way you recommended.

Best regards,

Attached Image
  • #145
  • Jan 26, 2008 12:24pm Jan 26, 2008 12:24pm
Quoting Fx97
Dear Chandra,

1) This is what I wanna do: I am looking for indicator that is capable of sending e-mail when: I would like to be able to change this values ( 0.85 and 0.15) for different time frames ( I am exercising these values)
.....
Additionally, when I got e-mail I would like to know at which time frame that happened. So, this is what I need:
.....
Best regards,
Hi Fx97,

Sorry for misunderstanding. I was confused between MA filters and the MA for Lag. Now I understand.

I made a newer version of LISPA1A and made all the variables free to be changed (gamma1, gamma2, MA, Levels and Vertical Line option) and posted that version of LISPA1A in the old thread. Please get the new LISPA1A-new from the following link (by the way, LISPA1A-new needs Laguerre-ACS1.ex4 to work. Please download this from the first post here):

http://www.forexfactory.com/showthread.php?t=51635

The email is not a problem because my program emails always have the chart timeframe in the eMail subject. They also will show the today's price range (with last price being the current price so as to see where the price stands relative to today's overall move).

Hope this is what you are looking for. This is easier than changing a new program (the program you have posted is not made by me and changing that will take more time than changing mine).

Regards,
chandra
  • #146
  • Jan 27, 2008 12:06pm Jan 27, 2008 12:06pm
Quoting achandrasekaran99
Hi Fx97,

....
IHope this is what you are looking for. This is easier than changing a new program (the program you have posted is not made by me and changing that will take more time than changing mine).

Regards,
chandra

Chandra,
Thanks a lot... I did get LISPA1A-new, and checked it out.. Thanks for your modifications. First of all, let me make sure if I understand how it works.

It has two gamma values, say 0.6 (Lag1) and 0.8 (Lag2) ( of course these values can be changed) and it also has MA and its value also can be changed. Then it has one value named "Upper Level" so if I set that value to say 0.85 then the indicator will give:

Sell signal: if Lag1 OR Lag2 has value of 0.15 (=1-0.85)
Buy signal: if Lag1 OR Lag2 has value of 0.85

If I got it right this will give so many signal ( especially in 1M and 5M charts) with many of them false/fake

This is what I have in my mind ( lets assume that values are for 5M TF, and for sell signal):
1) let indicator first calculate only Lag2 (gamma 0.8) at any time
2) when it reaches value of 0.85 ( with assumption that it crossed up 0.85 line before)
3) look at the value of Lag1(gamma 0.6) at the time that Lag2=< 0.85
4) Checked if Lag1=>0.35
5) If all requirements met then send alert/e-mail for sell signal

This logic will sure decrease the number of signals (even some good ones) however will give you really good ones. Go ahead and check them visually. So, we need to add another level value say " lower level" for Lag1 ( 0.35 value above) and make it changable ( this will allow us to change this value for different TFs) and add if conditions for sell and buy signals as I mentioned above to LISPA1A-new.

I think only way of making profit in forex is not catching all trades but only good ones. Additionally, do you generate sell or buy signal after bar closes at any TF?

Please let me know what you think

Regards,
  • #147
  • Jan 27, 2008 1:50pm Jan 27, 2008 1:50pm
Hi Fx97,

In LISPA1 series, the Lag2 is used only as a filter (it was basic preliminary idea and generally not recommended, though it seems to be good in short TF such as 1M). So, mostly it is unused (the default setting does not use the Lag2). The use of Lag2 was expanded in the second version.

The simple filter rule for first versions is that for a buy signal, the Lag2 should be above 0.5 or moving upward compared to the prior bar (and reverse for sell).

All my indicator signals are after-bar-close and the arrows are placed on the new bar.

Regards,
chandra
  • #148
  • Jan 27, 2008 2:30pm Jan 27, 2008 2:30pm
Quoting achandrasekaran99
Hi Fx97,

In LISPA1 series, the Lag2 is used only as a filter (it was basic preliminary idea and generally not recommended, though it seems to be good in short TF such as 1M). So, mostly it is unused (the default setting does not use the Lag2). The use of Lag2 was expanded in the second version.

The simple filter rule for first versions is that for a buy signal, the Lag2 should be above 0.5 or moving upward compared to the prior bar (and reverse for sell).

All my indicator signals are after-bar-close and the arrows are placed on the new bar.

Regards,
chandra
Chandra,
Thanks for explanation and for the quick feedback. It sounds like what I am saying in my previous e-mail does not seem like good stargety to you. Did you visually check charts? If you think you would not modify your indicator then I think I need to learn MQL4 asap

Thanks anyway..

Regards,
  • #149
  • Jan 27, 2008 8:48pm Jan 27, 2008 8:48pm
Quoting Fx97
Chandra,
Thanks for explanation and for the quick feedback. It sounds like what I am saying in my previous e-mail does not seem like good stargety to you. Did you visually check charts? If you think you would not modify your indicator then I think I need to learn MQL4 asap

Thanks anyway..

Regards,
Hi Fx97,

The changes you suggest will need more work than the changes I made. So, at present I cannot work on those suggestions.

I checked visually, for just a week in EJ,5M and it looked like it would have stopped us from many good moves (not saved much on bad ones).

Quote
4. Check if Lag1=>0.35

I am confused about this point in your suggestion though. I don't understand the reason for requiring the Lag1 to be above some number for a down move. For a down move, we have to be concerned about something being below some number, not above?!? Also, what if the Lag1 is above 0.35, but going up?

Regards,
chandra
  • #150
  • Jan 27, 2008 9:38pm Jan 27, 2008 9:38pm
Quoting achandrasekaran99
Hi Fx97,

The changes you suggest will need more work than the changes I made. So, at present I cannot work on those suggestions.

I checked visually, for just a week in EJ,5M and it looked like it would have stopped us from many good moves (not saved much on bad ones).



I am confused about this point in your suggestion though. I don't understand the reason for requiring the Lag1 to be above some number for a down move. For a down move, we have to be concerned about something being below some number, not above?!? Also, what if the Lag1 is above 0.35, but going up?

Regards,
chandra
Chandra,
Thats fair enough. You wanna have Lag1 to be greater than 0.35 ( this is just number it can be set to another one) and going down definitely ( for sell signal).

Anyway, one question for you regarding "LISPA1A-new " I am able to create popupalerts however not e-mail alerts. I know that my MT4 can send e-mails ( Itested that and also have some other indicators that send e-mails). And of couse I di set emailto true in the indicator. Do you have any insight about that?

Regards,
  • #151
  • Jan 28, 2008 3:52am Jan 28, 2008 3:52am
Quoting Fx97
Chandra,
....
Anyway, one question for you regarding "LISPA1A-new " I am able to create popupalerts however not e-mail alerts. I know that my MT4 can send e-mails ( Itested that and also have some other indicators that send e-mails). And of couse I di set emailto true in the indicator. Do you have any insight about that?

Regards,
Hi Fx97,

The email is disabled for 1M charts. If you check in higher TF chart, you will get the emails. I did this while testing (to aviod geting so many emails), and decided to leave it. This condition is there for all my alert programs (I think).

Regards,
chandra
  • #152
  • Jan 28, 2008 3:27pm Jan 28, 2008 3:27pm
Quoting achandrasekaran99
Hi Fx97,

The email is disabled for 1M charts. If you check in higher TF chart, you will get the emails. I did this while testing (to aviod geting so many emails), and decided to leave it. This condition is there for all my alert programs (I think).

Regards,
chandra

Chandra,
Same issue with all time frames... Any other idea?

Regards,
  • #153
  • Jan 28, 2008 6:50pm Jan 28, 2008 6:50pm
Chandra,
Do you know where I can find document that explains the logic behind Laguerre method? I did see word document that explain it in somewhere in forexfactory however not able to find it now.

Regards,
  • #154
  • Jan 28, 2008 8:56pm Jan 28, 2008 8:56pm
Dear Chandra,
I do not know what happened, have no logical explanation but I got it working. it just sent out e-mail about couple of minutes ago when Lag 2 crossed up 0.15 value in 5 min chart. As you said before it, e-mail, tells all details about signal. Very nice job, thanks a lot.

So at this point the one issue was it gave about two or three e-mails in a row since the value of Lag2 changed two or three times around the value of 0.15. This might be annoying for me since I am planning to use it at night and also when I am at work, my daily job ( in fact in this case I might use either M15 or M30 did not decide yet).

So my question is can you add some kind of filter for the second signal not to be executed if it happens within say three or four bars ( ideally this value should be input, therefore editable) after the first signal ?

Check attached picture. In fact this is from 1M chart and for sell signal. Look how Lag 2 first crossed down 0.85 level ( based on that it will give me sell signal, one more time it does not mean that i will sell, for me it is just the time to look at the chart and all pivot lines and trends). Then look how it move up and down and crossed the 0.85 level two more times. So my intend is to put filter, x number of bars, to eliminate consecutive cross over e-mails for same levels.

Your help is highly appreciated.

Regards,
Attached Image
  • #155
  • Jan 29, 2008 1:17pm Jan 29, 2008 1:17pm
Quoting Fx97
Dear Chandra,
........
So my question is can you add some kind of filter for the second signal not to be executed if it happens within say three or four bars ( ideally this value should be input, therefore editable) after the first signal ?
.....
Regards,
Hi Fx97,

The email is easiest to ignore and so it is not filtered by time restriction. So, if you check a signal, then you can keep that email alert and always ignore the next signals until you think it may be time to give consideration.

Changing the program will be little more complicated. The calculations are done together and then the alerts are called. The alerts section does not know which signal fired. It will use whatever comment was in memory for a comment variable (such as "BUY2"), it is a very simple function I use in all my alerts. Changing that will need a logic/strategy to be well thought out and inserted without affecting other functionality.

So, at present please just ignore the signals for the time period you wish. May be when you are ready to use it seriously, I will come up with a set of controls.

By the way, crossing 0.85 upward or 0.15 downward is never a signal. The LISPA2 does not use any value crossing at all. You can check the signal rules in the link from first post.

Regards,
chandra
  • #156
  • Jan 29, 2008 1:24pm Jan 29, 2008 1:24pm
Quoting Fx97
Chandra,
Do you know where I can find document that explains the logic behind Laguerre method? I did see word document that explain it in somewhere in forexfactory however not able to find it now.

Regards,
Hi Fx97,

I have not seen any real logic explained for LaguerreRSI (which is what we are using). I cannot understand the equation as well (I can generally understand most indicator equations; but RSI seem complicated and this is also a form of RSI). May be you can try in forex-tsd website or google it.

Regards,
chandra
  • #157
  • Jan 29, 2008 2:23pm Jan 29, 2008 2:23pm
Laguere filter and Laguere RSI explained


Quoting Fx97
Chandra,
Do you know where I can find document that explains the logic behind Laguerre method? I did see word document that explain it in somewhere in forexfactory however not able to find it now.

Regards,
Attached File(s)
File Type: doc Ehlers. Time Warp - Without Space Travel.doc   278 KB | 1,365 downloads
  • #158
  • Jan 29, 2008 4:08pm Jan 29, 2008 4:08pm
Quoting achandrasekaran99
Hi Fx97,

The email is easiest to ignore and so it is not filtered by time restriction. So, if you check a signal, then you can keep that email alert and always ignore the next signals until you think it may be time to give consideration.

......
Regards,
chandra
Chandra,
Thanks for feedback... Well, it seems like I have no other choices but ignore some consecutive ones at this point ..

Regards,
  • #159
  • Jan 29, 2008 4:09pm Jan 29, 2008 4:09pm
Quoting mladen
Laguere filter and Laguere RSI explained

Mladen,
Thanks. This is what I exactly looking for.. It is apreciated..

Regards,
  • #160
  • Jan 29, 2008 4:13pm Jan 29, 2008 4:13pm
Chandra,
Question for you, suprising I guess .. Anyway, when I got e-mail it says time , chart time frime also today's OHLC. Does it mean Open, High, Low, and Close of the day. If this is right, when the day start, is it 0:00 in my local time , broker time or some other origin?

Regards,
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