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WAVES Heatmap system and EA

  • #121
  • Dec 9, 2008 6:00pm Dec 9, 2008 6:00pm
Hi seamonkey,

Thanks for your interest and reply. Please continue to learn. Have you applied any of the WAVES method to demo trading yet? Any questions? I have more to share if there is a receptive audience willing to interact.

Kind regards,

George
  • #122
  • Dec 10, 2008 12:05pm Dec 10, 2008 12:05pm
I have been following but havent had much time to study some of the recent posts...
  • #123
  • Dec 10, 2008 10:20pm Dec 10, 2008 10:20pm
I'm following too.
but my english is not well...Therefore I fall silent.
  • #124
  • Dec 11, 2008 1:42am Dec 11, 2008 1:42am
Quoting comdoc
Especially discouraging is the lack of help in programming the indicators and EA for this exceptional system. ...
I recently discovered this thread and am willing to help. My background is programming, and I am comfortable with mql4 but still new to Forex trading (I'm from the stocks and options world). If I can get my head around your concepts maybe I can help develop. My limitations are the dreaded "day job"; and am still slower with mql4 than my normal stuff. Give me a few days to re-read and demo. Looks fun, useful and profitable.
Steven
Steven. The First (and Best) Derivative of Price is PROFIT
  • #125
  • Edited 7:14am Dec 11, 2008 7:14am | Edited 7:14am
Quoting tradersyoung
I recently discovered this thread and am willing to help. My background is programming, and I am comfortable with mql4 but still new to Forex trading (I'm from the stocks and options world). If I can get my head around your concepts maybe I can help develop. My limitations are the dreaded "day job"; and am still slower with mql4 than my normal stuff. Give me a few days to re-read and demo. Looks fun, useful and profitable.
Steven
Hi Steven,

Welcome aboard! This gives me real hope. Feel free to send me PM or email. Yes, it's quite profitable in manual trading. The next step is to develop the GROUP indicators and WAVES EA. I'm currently struggling with some modifications to the Orest Heatmap Indicator; spent this entire day messing with the code.

For those of you who are having a challenge to follow along, please feel free to ask for clarification. No question is too simple. I also was once a beginner to forex, and enjoy teaching.

Prosperous regards to all,

George
  • #126
  • Dec 11, 2008 8:15am Dec 11, 2008 8:15am
Please post some print screens of when you entered and exit a trade



Quoting comdoc
Hi Steven,

Welcome aboard! ...
  • #127
  • Dec 11, 2008 9:51am Dec 11, 2008 9:51am
Comdoc,

I'm new to the Forex and still trade demo, but I've been practicing & learning 12 hours per day for the past 8 weeks.

I came across your thread in those early days, and to be honest I just didn't "get" the idea you were presenting. It was much easier in those days to gravitate towards crossover or breakout systems with all the pretty indicators, lol.

Now I know better and I see more clearly in general, and I've come back to this thread with a clearer understanding.

You are a great and patient teacher and I truly appreciate your time here. Please do NOT close this thread! There are some like me who need to see all the crap before we can truly appreciate the not-so-crappy! LOL

Do us all a big favor though, and take all your newest/best updates & ideas and edit them into the 1st post, clearly marked as updates. Not just the best EA & indis, but also your best trading techniques. And please do this as often as needed. The trouble with these teaching threads is always wondering which download is worth having, only to become outdated 2 or 3 pages later. The constant 'download & delete' sequence is no doubt why so many threads die out. Please don't let yours "die the death".

Happy Holidays everyone!

Chance
" Average traders look to the left, great traders look to the right."
  • #128
  • Edited 8:13pm Dec 11, 2008 7:03pm | Edited 8:13pm
Hi Chance,

Thanks for your thoughtful comments and kind compliments. I've struggled with FF software when trying to update that first page. Also connectivity issues related to Internet provider. However, I take your advice to heart, and have now consolidated the files in post #1. As long as there is continuing interest in WAVES method and system, I'll keep the thread open.

Happy holidays to you and everyone,

George

Quoting magicchance
Comdoc,

I'm new to the Forex and still trade demo, but I've been practicing & learning 12 hours per day for the past 8 weeks.

I came across your thread in those early days, and to be honest I just didn't "get" the idea you were presenting. It was much easier in those days to gravitate towards crossover or breakout systems with all the pretty indicators, lol.

Now I know better and I see more clearly in general, and I've come back to this thread with a clearer understanding.

You are a great and patient teacher and I truly appreciate...
  • #129
  • Dec 12, 2008 2:47am Dec 12, 2008 2:47am
Hi Comdoc!

Don't close the thread. I have been following it from the start. I had some success with the heatmap from the beginning, but unfortunately I cannot monitor trades that often, since I don't have time to sit in front of my computer. I can check it every day, but the times are random. Therefore an EA would be really really appreciated.

Unfortunately I am not a programmer, so I cannot help you with the making of the EA, but I surely can help you with the testing.

Do you have some sort of strategy or advice with this system until then, since I cannot sit in front of my computer that often?

Regards

Archie



Quoting comdoc
Hi anyone,

Is anybody reading this thread? There have been no responses to my work for the last few weeks. Shall I just close the thread? Especially discouraging is the lack of help in programming the indicators and EA for this exceptional system. I've invested a lot of energy in the past several months in developing the WAVES system. My original intention was to create an open source project that everyone could freely benefit from. Evidently nobody feels it worthwhile to participate. Until that changes, I'm disinclined to continue pouring...
  • #130
  • Dec 12, 2008 5:06am Dec 12, 2008 5:06am
Hi Archie,

Please read the general method I've posted in the #1 post.

Most of us cannot sit in front of the computer during all the major market time periods. So I understand your situation. The WAVES HEATMAP EA will likely come later...unless more programmers come onboard. Now Steven and I are trying to come up with a priority sequence for indicator development. I've successfully modified the Orest indicator somewhat so the totals information is more apparent; next will be changing the subgroups to be summed, and better trading signals.

For those in your situation, the first thing that comes to mind is to trade longer timeframes. If you have a larger account which will withstand the greater drawdowns, you could, for example, trade off the daily timeframe chart. Your irregular schedule makes it more difficult to capture maximum profit from each trend movement...but certainly a portion would be possible.

The WAVES method can be applied on any trading timeframe. Because the market is fractal, it's essentially the same system regardless of your chosen trading time period. Set the HEATMAP parameters so that you can view longer timeframes if you are trading from larger charts. Demo trade until you get a good feeling for the WAVES system, and are making consistent paper profits.

Best regards for trading success,

George

Quoting Archie
Hi Comdoc!

Don't close the thread. I have been following it from the start. I had some success with the heatmap from the beginning, but unfortunately I cannot monitor trades that often, since I don't have time to sit in front of my computer. I can check it every day, but the times are random. Therefore an EA would be really really appreciated.

Unfortunately I am not a programmer, so I cannot help you with the making of the EA, but I surely can help you with the testing.

Do you have some sort of strategy or advice with this system until...
  • #131
  • Dec 12, 2008 5:42am Dec 12, 2008 5:42am
Hi everybody,

Here's a GROUP live trade from 12Dec08 at 10:45. From top to bottom, note the MIDDLE condition on the 1M GBPJPY 3 time periods before entry: the candlesticks changed color and bodies became smaller. This happens when the trend is running out of steam. The aqua RSI had crossed the yellow midline going down. Notice that these are single pair indicators...but this particular pair GJ sometimes leads the GROUP price action. In the next Volatility indicator window, momentum is increasing sharply. At 1045 the Wave Signal indicator shows a possible short entry.

The Basket Bar at the top had changed from green to red at same time as HA candle. Then the GROUP RSI peaked at 65, and crossed T3 moving average going down. My wife activated the SELL GROUP script...then immediately checked for stray currency pairs. In this case, there were none! Textbook 12 and 2 price action. She then monitored the BasketBars and HA candle color until they both changed from red to green at 11:06...then activated CLOSEALL script, capturing around 700 pips profit in 21 minutes.

Hope this example helps you all to understand the WAVES method.

Prosperous regards,

George
Attached Image (click to enlarge)
Click to Enlarge Name: 12dec1045.gif Size: 55 KB
  • #132
  • Dec 12, 2008 5:49am Dec 12, 2008 5:49am
What was that about you closing the thread, no George please dont do that!!! I have been reading everything about grouped currency trading, and when I started there were a lot of people who I thought had a pulse on how to trade, but as I learnt more I found that they were not as smart as I thought. I do think that your insights into the structure of the market are among the very few to offer deep value on these forums and I GREATLY thank you for them. I am currently learning mql so maybe I'll be able to contribute, but probably not in the timeframe that you are interested in Thanks again
  • #133
  • Dec 12, 2008 12:39pm Dec 12, 2008 12:39pm
Hi there again, could someone direct me to the mtf HA mentioned on post 1. Thanks.
  • #134
  • Edited 8:43pm Dec 12, 2008 8:41pm | Edited 8:43pm
Hi RedPadisha,

Thank you for your acknowledgment and appreciation. Preferred timeframe for creation of WAVES indicators and Expert Advisor is ASAP--or yesterday! *wink* I do appreciate your offer to help with coding. Heiken Ashi candlestick program is attached.

Warm regards,

George

Quoting RedPadisha
What was that about you closing the thread, no George please dont do that!!! I have been reading everything about grouped currency trading, and when I started there were a lot of people who I thought had a pulse on how to trade, but as I learnt more I found that they were not as smart as I thought. I do think that your insights into the structure of the market are among...
Attached File(s)
File Type: mq4 HeikenAshi_DM.mq4   4 KB | 643 downloads
  • #135
  • Dec 12, 2008 10:52pm Dec 12, 2008 10:52pm
Hi Comdoc,

Why Closed The Thread ???

Keep It Up Bro , Every Info Here Are Helpful For Traders Around The World

Kevin
  • #136
  • Edited 3:43am Dec 15, 2008 3:11am | Edited 3:43am
Hi all,

Here's what the Sydney open (0100) looked like on 15 Dec 08. I could easily analyze this, but instead let's make it a learning experience. You tell me what you see in terms of WAVES indicators, and what your action would be. Wait and watch is one possible 'action'; single pair and GROUP entry are others. Start at the top, and work your way down. Please step up and post your observations, no worries about judgment. This is a learning exercise with no wrong answers. Here's the 1M GBPJPY chart with WAVES indicators.

Participation rewards,

George
Attached Image (click to enlarge)
Click to Enlarge Name: 15dec08.open.gif Size: 69 KB
  • #137
  • Dec 16, 2008 5:22pm Dec 16, 2008 5:22pm
Per my discussions with George, attach please find a Heiken Ashi style indicator based on the total pip value of all pairs in the Group in the same way that the Basket Bars indicator performs.
Attached File(s)
File Type: mq4 Waves Group HAS_v1.01.mq4   13 KB | 793 downloads
Steven. The First (and Best) Derivative of Price is PROFIT
  • #138
  • Dec 17, 2008 1:01pm Dec 17, 2008 1:01pm
Hi George,

I have been away for a while which is why I haven't written here for a while... Did not mean to come across as a fleeting ship (or is that a bleating sheep?... can never remember the simile).

Pleased that you have not closed this thread... I have been demo testing your strategy and it is very good at ironing out the bumps that other basket strategies do not.

What do you make of the poor correlation of USDJPY compared to the other JPY pairs at the current time? Do you think that it is temporary or a new shift in its correlation?

Festive Greetings,

Dan

On a side note, you may also want to check out MultiPurpose Trade Manager if you have not done so already (located somewhere on this forum)... the author has now coded some basket management options in his latest version.
  • #139
  • Dec 17, 2008 3:45pm Dec 17, 2008 3:45pm
Hi Steven,

Excellent! Great work. This indicator gave a clear GROUP trade sell signal at 1:28AM GMT 18Dec08 and take profit 12 minutes later for about 700 pips profit.

We all thank you for your fine efforts,

George

Quoting tradersyoung
Per my discussions with George, attach please find a Heiken Ashi style indicator based on the total pip value of all pairs in the Group in the same way that the Basket Bars indicator performs.
  • #140
  • Dec 17, 2008 3:56pm Dec 17, 2008 3:56pm
Hello George,

Nice results. Would you mind sharing what time frame/pair you put the wonderful indicator on? Also, did you use a set exit strategy? I did not see any strategy posted for this indicator on the first post of this thread. I hope you do not mind me asking.

Regards,
Jeff

Quoting comdoc
Hi Steven,

Excellent! Great work. This indicator gave a clear GROUP trade sell signal at 1:28AM GMT 18Dec08 and take profit 12 minutes later for about 700 pips profit.

We all thank you for your fine efforts,

George
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