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Sonic System!!

  • #741
  • Jun 17, 2008 5:02am Jun 17, 2008 5:02am
Quoting sonicdeejay
I think your SELL on AUS/USD is a winner after all??
I hope so. I have very bad ones in EG -62 and UJ -33.
How is it going for you ?
Dani M.
  • #742
  • Jun 17, 2008 5:49am Jun 17, 2008 5:49am
Hello! Please, what are the brokers that the TF is based on GMT like ODL?
  • #743
  • Jun 17, 2008 6:23am Jun 17, 2008 6:23am
Quoting vidal
Hello! Please, what are the brokers that the TF is based on GMT like ODL?
I know IBFX is GMT as well.
Dani M.
  • #744
  • Jun 17, 2008 6:51am Jun 17, 2008 6:51am
Quoting dan_mir
I know IBFX is GMT as well.
Dani M.
Thank you! The ODL platform was freezing.
  • #745
  • Jun 17, 2008 10:32am Jun 17, 2008 10:32am
Quoting vidal
Thank you! The ODL platform was freezing.
Hi vidal,
Look what they sent me by mail:
Dear Client
Power outage 17-06-08
Unfortunately we have experienced a major power outage in our building.
This has resulted in our systems going down temporarily.
We are working to get the systems up and running as soon as possible.
On behalf of ODL Securities we would like to apologize for any inconvenience caused.
ODL Securities Ltd

It is not the first time I had problems with them. They must take fast action to make their system redundant.
BR
Dani M.
  • #746
  • Jun 17, 2008 10:47am Jun 17, 2008 10:47am
Quoting dan_mir
Hi vidal,
Look what they sent me by mail:
Dear Client
Power outage 17-06-08
Unfortunately we have experienced a major power outage in our building.
This has resulted in our systems going down temporarily.
We are working to get the systems up and running as soon as possible.
On behalf of ODL Securities we would like to apologize for any inconvenience caused.
ODL Securities Ltd

It is not the first time I had problems with them. They must take fast action to make their system redundant.
BR
Dani M.
Hello! Now I know why the platform stopped to work, thanks for the information. Do you have a ODL live account?
  • #747
  • Jun 17, 2008 12:04pm Jun 17, 2008 12:04pm
Quoting dan_mir
sonic,
I did some back testing, and found that the ATR(24) is suitable for us.
I use the 24 because on 1H I want to eliminate the low volatility sessions.
On 1H, We can use 2 X ATR(24) for SL, and 1 X ATR(24) for the first TP.
On 4H, We can use 1 X ATR(24) for SL, and 0.5 X ATR(24) for the first TP.
On 1D, We can use 0.5 X ATR(24) for SL, and 0.2 X ATR(24) for the first TP.
Take a look on the trades of the last two weeks, both winners and losers, and you will see.
BR
Dani M.

mr.dan,
what this ATR stand for and what the function?

Thnks
  • #748
  • Edited 1:17pm Jun 17, 2008 12:57pm | Edited 1:17pm
Quoting Maxoxide
mr.dan,
what this ATR stand for and what the function?
Thnks
Max my friend, please call me Dani.
I will paste the ATR explanation form MT4 help :
Average True Range
Average True Range Technical Indicator (ATR) is an indicator that shows volatility of the market. It was introduced by Welles Wilder in his book "New concepts in technical trading systems". This indicator has been used as a component of numerous other indicators and trading systems ever since.
Average True Range can often reach a high value at the bottom of the market after a sheer fall in prices occasioned by panic selling. Low values of the indicator are typical for the periods of sideways movement of long duration which happen at the top of the market and during consolidation. Average True Range can be interpreted according to the same principles as other volatility indicators. The principle of forecasting based on this indicator can be worded the following way: the higher the value of the indicator, the higher the probability of a trend change; the lower the indicator’s value, the weaker the trend’s movement is.
Calculation
True Range is the greatest of the following three values:
difference between the current maximum and minimum (high and low);
difference between the previous closing price and the current maximum;
difference between the previous closing price and the current minimum.
Bye
Dani M.
  • #749
  • Jun 17, 2008 1:33pm Jun 17, 2008 1:33pm
These are the trades taken in last 24 hours.
Sadly I have to admit that it was a very bad day.
The orders marked as SL (pink) were closed manually because I didn't want to lose the pips down to zero.
How was your day on the higher time frames sonic?
Dani M.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: status_closed.gif Size: 53 KB
Click to Enlarge Name: status_open.jpg Size: 71 KB
  • #750
  • Jun 17, 2008 1:36pm Jun 17, 2008 1:36pm
Quoting dan_mir
Max my friend, please call me Dani.
I will paste the ATR explanation form MT4 help :
Average True Range
Average True Range Technical Indicator (ATR) is an indicator that shows volatility of the market. It was introduced by Welles Wilder in his book "New concepts in technical trading systems". This indicator has been used as a component of numerous other indicators and trading systems ever since.
Average True Range can often reach a high value at the bottom of the market after a sheer fall in prices occasioned by panic selling. Low values of the indicator are typical for the periods of sideways movement of long duration which happen at the top of the market and during consolidation. Average True Range can be interpreted according to the same principles as other volatility indicators. The principle of forecasting based on this indicator can be worded the following way: the higher the value of the indicator, the higher the probability of a trend change; the lower the indicator’s value, the weaker the trend’s movement is.
Calculation
True Range is the greatest of the following three values:
difference between the current maximum and minimum (high and low);
difference between the previous closing price and the current maximum;
difference between the previous closing price and the current minimum.
Bye
Dani M.
wow...thanks for ur reply Dani, really appreciate it. still dizzy and dont really get it, but will try hard to catch up..
  • #751
  • Jun 17, 2008 1:40pm Jun 17, 2008 1:40pm
Quoting Maxoxide
wow...thanks for ur reply Dani, really appreciate it. still dizzy and dont really get it, but will try hard to catch up..
In simple words, it is the average size of the candles. ATR(14) is the average of the last 14 candle size.
Dani M.
  • #752
  • Jun 17, 2008 1:47pm Jun 17, 2008 1:47pm
Quoting dan_mir
In simple words, it is the average size of the candles. ATR(14) is the average of the last 14 candle size.
Dani M.

now i see, thks mate !!
  • #753
  • Jun 17, 2008 6:19pm Jun 17, 2008 6:19pm
DJ is disppointing and no-rebound sighted at the moment!!!

http://finance.yahoo.com/echarts?s=%...urce=undefined
  • #754
  • Jun 17, 2008 9:26pm Jun 17, 2008 9:26pm
Have a Nice Day!!
Attached File(s)
File Type: pdf Daily Technical Startegist June 17 08.PDF   86 KB | 358 downloads
  • #755
  • Jun 17, 2008 9:28pm Jun 17, 2008 9:28pm
Quoting Maxoxide
wow...thanks for ur reply Dani, really appreciate it. still dizzy and dont really get it, but will try hard to catch up..
Dani,

How can We make use of ATR in our MM system!!


sonic
  • #756
  • Jun 17, 2008 11:21pm Jun 17, 2008 11:21pm
Sonic,

In 4HR TF, +3 GMT ODL chart, are the EA open short GBP/JPN? cause mine signal OK but no open trade at all.. wonder whats going on..

Attached Image
  • #757
  • Jun 17, 2008 11:34pm Jun 17, 2008 11:34pm
Quoting Maxoxide
Sonic,

In 4HR TF, +3 GMT ODL chart, are the EA open short GBP/JPN? cause mine signal OK but no open trade at all.. wonder whats going on..

Attachment
I have same issue too...
May be due to "trade window" setting....


4H TF = 240 mins but trade window is first 10 mins only.....the rest of the 230 min...even the signal come in...EA will not open

Try change the window setting??


sonic
  • #758
  • Jun 17, 2008 11:43pm Jun 17, 2008 11:43pm
hi sonic

been following your thread... downloaded v2.11 and noticed that the max orders is 10. your .doc file stated max orders=3. tried to change the value using complier but was denied access.
could you change the code to reflect 3? thanks.

have a nice day
mem
  • #759
  • Jun 17, 2008 11:55pm Jun 17, 2008 11:55pm
Quoting membina
hi sonic

been following your thread... downloaded v2.11 and noticed that the max orders is 10. your .doc file stated max orders=3. tried to change the value using complier but was denied access.
could you change the code to reflect 3? thanks.

have a nice day
mem

u can change any value....in v2.1 I typed 3 but I changed to 10 in v2.11,,,and i forget to change t value in .doc file!!
  • #760
  • Jun 17, 2008 11:59pm Jun 17, 2008 11:59pm
Quoting sonicdeejay
I have same issue too...
May be due to "trade window" setting....


4H TF = 240 mins but trade window is first 10 mins only.....the rest of the 230 min...even the signal come in...EA will not open

Try change the window setting??


sonic
i guess maybe in input > trade_windows setting right? maybe ill change it to 60 min, just in case there is some news coming out..

what do you think?

Max
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