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Traffic Light System 378 replies

With a little help from our Expert Adviser friends ... - Paulus 10 replies

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Paulus - Traffic lights

  • #301
  • Oct 16, 2008 6:48pm Oct 16, 2008 6:48pm
RR,

RE: One Trade Per Bar

The "Trade Taken This Bar" function is not working.

Forgive me for my inexperience in this area, but 2 questions.

How does the program know there has been a trade from the expression... "if(TradeCount == Bars) TradeTaken = "Yes"";? Am I missing something elsewhere in the code?

And

Shouldn't the... "TradeTaken == "Yes"" expression in the TradeTrigger sequence read..."TradeTaken == "No"" to open a trade, then if TradeCount actually equals "Yes" before the current bar closes, no trade is opened?
  • #302
  • Oct 16, 2008 7:15pm Oct 16, 2008 7:15pm
Good catch, yes I had it backwards.
Attached File(s)
File Type: mq4 Traffic Light-HA-Beta.mq4   14 KB | 535 downloads
  • #303
  • Oct 16, 2008 9:17pm Oct 16, 2008 9:17pm
RR,

RE: One Trade Per Bar

The "Trade Taken This Bar" function is still not working. I am still getting a second trade on the same bar. The "No" on the platform screen never changes to "Yes" after the first trade has been entered or closed.

I refer to my first question in the earlier post:

How does the program know there has been a trade from the expression... "if(TradeCount == Bars) TradeTaken = "Yes";"? Am I missing something elsewhere in the code?
Should there not be something in the code that assigns the actual trade count to the variable "TradeCount"? Please give some detail on this so I can understand the logic. Thanks.
  • #304
  • Oct 16, 2008 9:26pm Oct 16, 2008 9:26pm
Here is what is supposed to happen.

  1. TradeTaken starts as "No", TradeCount is 0.
  2. When a trade is taken, TradeCount is set equal to bars.
  3. Until a bar passes, TradeTaken stays "Yes".

  • #305
  • Oct 16, 2008 10:31pm Oct 16, 2008 10:31pm
Quoting Flamenco143
Checking quickly at Compass FX I couldn't find the PDF download file.

Here it is. As I previously mentioned, don't waste your time learning the system. It looks good, and the Trader's Dynamic Index is a fairly good indicator, but using the whole strategy didn't make any money for me.

The only thing that has lately is Paulus's Traffic Light System. I'm sold and use it live successfully without any EA's to screw it up!
Thanks Flamenco for pdf file & I'll follow your advice.
Forgive me to look at your profile you are Flamenco guitarist WOW you must be very good guitarist because flamenco style - the sound of one person playing is equivalent to 3 person playing at the same time.

Thanks
pete
  • #306
  • Oct 17, 2008 11:14am Oct 17, 2008 11:14am
RR,

RE: One Trade Per Bar

The "Trade Taken This Bar" function is still not working. I am still getting a second trade on the same bar. The "No" on the platform screen never changes to "Yes" after the first trade has been entered or closed.

Your explanation was very helpful. I did not see where "TradeCount" was set equal to 0, so I tried that. It didn't work. Maybe I didn't handled it properly. Could this be the problem?

Any ideas? I would like to get this functioning. Cuz I think it will help the cause.
  • #307
  • Oct 17, 2008 12:03pm Oct 17, 2008 12:03pm
Quoting Big E!
RR,

RE: One Trade Per Bar

The \"Trade Taken This Bar\" function is still not working. I am still getting a second trade on the same bar. The \"No\" on the platform screen never changes to \"Yes\" after the first trade has been entered or closed.

Your explanation was very helpful. I did not see where \"TradeCount\" was set equal to 0, so I tried that. It didn't work. Maybe I didn't handled it properly. Could this be the problem?

Any ideas? I would like to get this functioning. Cuz I think it will help the cause.
I'm not sure what's causing it, and what's worse is that I can't recreate the problem.

The best fix for now is to run with EachTickMode set to false.
  • #308
  • Oct 19, 2008 10:51pm Oct 19, 2008 10:51pm
Hello,
Very nice thread. Thank you very much Paulus and all others.
I have a question about the settings. First, about Heiken Ashi Smoothed, what settings are we using for MA Method, MA Period, MA Method2 and MA Period2 ???
Also about CCI, we should use CCI with period = 8 applied to Typical price??? Or should we just use the CCI8 indicator posted in this thread??? Are they the same with just visual changes???
What about using CCI 24 in the 5M chart so that it works as the CCI8 in the 15M but without having to have 2 charts open? I know someone mentioned about it allready but I couldnt see if anyone posted the results. Anyway, is there anyway that we can check CCI in both 5m and 15m in the same chart????

Congratulations for the great thread and thanks in advance for the help.

Cheers,

Dudu
''I am too sexy for my pips, too sexy for my pips, too sexy yeahhh...''
  • #309
  • Oct 20, 2008 1:32am Oct 20, 2008 1:32am
Hi Dudu

before I answer I think I owe a big thanks you to Ronaldraygun ..the work he does on this and other thereads is immense and boards like this couldnt function without him.A big thanks mate I may not post an aweful lot once the thread gets going but all the hard work from you and others is appreciated I assure you

MaMetod 0
MaPeriod 1
MaMetod 3
MaMetod 2

On my CCI8 all I have is

CCI period 8
T3 Period 1
B 0.618

CCI 24 is put on the 5min chart with settings 24 and if above 0.00 look for longs below 0.00 look for shorts its almost identical to the CCI8 on the 15min.

Hope that helps

Paulus
  • #310
  • Oct 20, 2008 11:52am Oct 20, 2008 11:52am
Thanks Paulus,

Will start demoing ur system from today.... Looks really good and I agree completely about the 20 pips/day and then its over..... Low exposure = higher chances of profit. Good MM and leverage will do the rest.
About EA's I dont use them. I really do enjoy and prefer trading manually but of course recognize the value of EA's for those who have a day job.
Again I thank you ALL for the excellent thread.

May the Lord of the Pips be with You all, lol

Cheers

''I am too sexy for my pips, too sexy for my pips, too sexy yeahhh...''
  • #311
  • Oct 21, 2008 9:54am Oct 21, 2008 9:54am
I've created a quick chatroom for traffic lights strategy

http://embed.mibbit.com/?channel=%23...rcePrompt=true

Feel free to join.
Meeeooow !!!
  • #312
  • Oct 21, 2008 1:36pm Oct 21, 2008 1:36pm
Cheers for all the work Im having an indicator written at mo so that I can see the state of the 15min indicator on my 5 min so only 1 chart open Il post it here when its done

cheers

Paulus
  • #313
  • Oct 23, 2008 3:17pm Oct 23, 2008 3:17pm
to long time seens anyone posted here several days i have a question what time is is 7am to 11am and 2.30 pm to 5 pm in GMT + 1 time ??


best regards
  • #314
  • Oct 23, 2008 4:33pm Oct 23, 2008 4:33pm
Quoting jgadefelth
to long time seens anyone posted here several days i have a question what time is is 7am to 11am and 2.30 pm to 5 pm in GMT + 1 time ??


best regards
I could be wrong, but I think that Paulus is in the London time zone (which is currently GMT + 1).

Yes, thread has not had a lot of activity lately. But I use the system each day with great interest. I still find myself making mistakes (sometimes I fall victim to "head fakes"), but each day I get a little better. Hopefully the thread will become more active in the future.
  • #315
  • Oct 23, 2008 6:16pm Oct 23, 2008 6:16pm
yes but what are this in GMT + 1 7am to 11am and 2.30 pm to 5 pm in GMT + 1 time ??


best regards
  • #316
  • Oct 23, 2008 9:14pm Oct 23, 2008 9:14pm
ill probbly try this system in the near future.

Thanks for sharing

Cheers!
  • #317
  • Oct 24, 2008 3:34pm Oct 24, 2008 3:34pm
manage to earn 71.50usd profit yesterday on EU .. mini-account ...
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 11 KB


thanks for the system ! very easy to use when coupled with autopivot.
  • #318
  • Oct 25, 2008 9:25am Oct 25, 2008 9:25am
Great trades cfp85. I wanted to find them on my charts and see how they set up etc to continue my learning. Can you give me a reference to the time. I assume the times shown are your broker's server time. Also were you trading with a TF of 5 minutes. Thanks Lynn
  • #319
  • Oct 25, 2008 10:06am Oct 25, 2008 10:06am
here it is ..
Attached Image (click to enlarge)
Click to Enlarge Name: trafficlight1.gif Size: 44 KB


1st trade was a bit risky since still no trend confirmation from 30m. so i took a small TP .. used the Close All ea .. easier . just make the trade and it will set the tp,sl,ts.

2nd and 3rd trade .. all three TF have the same CCI bar color and stoich pointing down
  • #320
  • Oct 27, 2008 7:52am Oct 27, 2008 7:52am
Where can i find Paulus system that h shows here the describtion of it ?

http://www.paulus10-trendseeker.blogspot.com/ the dayli and the swing ?


best regards
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