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Attachments: WAVES Heatmap system and EA
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WAVES Heatmap system and EA

  • #141
  • Dec 17, 2008 6:12pm Dec 17, 2008 6:12pm
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.
This version is slightly revised to avoid a "disappearing bar" issue.
Steven
Attached File(s)
File Type: mq4 Waves Group HAS_v1.02.mq4   13 KB | 879 downloads
Steven. The First (and Best) Derivative of Price is PROFIT
  • #142
  • Dec 17, 2008 7:55pm Dec 17, 2008 7:55pm
Hi Lim,

Welcome back. JPY has been quite strong lately. My JPY (sub)group includes 6 JPY pairs, USDJPY and AJ, CJ, CaJ, EJ, GJ. They seem to be well correlated on a chart I pulled up for last 3 hours. Which timeframes don't seem to be correlated?

Seasons greetings,

George

Quoting Limstylz
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...
  • #143
  • Dec 17, 2008 8:04pm Dec 17, 2008 8:04pm
Hi Jeff,

We're aiming for optimum results with WAVES HEATMAP system and method. I placed it on GBPJPY 1M chart. Did not actually take this trade, but it jumped off the screen when I first added this indicator. We have not yet formulated strategy for trading with this brand new indicator. I applied color change from green to red off the top for opening short, and took profit when the indicator HA candle changed color back to green. Always feel free to ask any question.

Happy holidays,

George

Quoting azjeff
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
  • #144
  • Dec 22, 2008 8:10pm Dec 22, 2008 8:10pm
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.
QUIERO USAR ESTE INDICADOR, PARA MEDIR LA FUERZA DE UNA MONEDA. POR EJ. SI PONGO AJ;CJ;CFJ;EJ;EJ;NJ;UJ. ME RESULTA ALGO INTERESANTE, Y SE PODRIA USAR PARA UNA CANASTA SOLO CIN JPY. PRUEBAS MAS ADELANTE.
Attached Image (click to enlarge)
Click to Enlarge Name: GRUPO JPY.jpg Size: 230 KB
IH - B221 Return Today: -0.2%
  • #145
  • Dec 22, 2008 9:46pm Dec 22, 2008 9:46pm
Hi Vicente,

Welcome. Please translate into English, and repost.

Thanks,

George

Quoting Vicente
QUIERO USAR ESTE INDICADOR, PARA MEDIR LA FUERZA DE UNA MONEDA. POR EJ. SI PONGO AJ;CJ;CFJ;EJ;EJ;NJ;UJ. ME RESULTA ALGO INTERESANTE, Y SE PODRIA USAR PARA UNA CANASTA SOLO CIN JPY. PRUEBAS MAS ADELANTE.
  • #146
  • Dec 22, 2008 10:12pm Dec 22, 2008 10:12pm
Quoting comdoc
Hi Vicente,

Welcome. Please translate into English, and repost.

Thanks,

George
I WANT TO USE THEIR INDICATOR TO MEASURE THE FORCE OF A CURRENCY, IN THIS CASE, JPY, REASON WHY CONFIGURE THE INDICATOR WITH THE COUPLES THAT JPY FORMS. IT IS VERY INTERESTING, SINCE IT SHOWS US THE FORCE OF THE CURRENCY, BEING ABLE TO TO OPEN A TRADE WITH ALL THE COUPLES OF THIS CURRENCY.

I SIT DOWN IT I DON'T SPEAK ENGLISH, SINGLE SPANISH, NOT YOU IF HE/SHE UNDERSTANDS ME.
[IMG]file:///C:/Users/VICENTE/AppData/Local/Temp/moz-screenshot.jpg[/IMG][IMG]file:///C:/Users/VICENTE/AppData/Local/Temp/moz-screenshot-1.jpg[/IMG]
Attached Image (click to enlarge)
Click to Enlarge Name: JPY A.jpg Size: 214 KB
IH - B221 Return Today: -0.2%
  • #147
  • Dec 22, 2008 11:10pm Dec 22, 2008 11:10pm
OK, Vincente. I think I understand. The JPY subgroup will show the strength of the JPY currency. The WAVES HEATMAP indicator can be used to monitor all the JPY currency pairs. Simply select which currency pairs you want in your trading GROUP. Then the J green and red numbers below will show the buy profit and sell profit of the JPY pairs subgroup for each of the 7 timeframe columns.

The signals for each column are based on how much buy profit vs sell profit there has been in the market. Now, you can use those signals to give some indication whether to make a trade entry. However, those signals tend to lag...so do not rely on them for an early entry.

Hope this helps,

Happy Holidays,

George


Quoting Vicente
I WANT TO USE THEIR INDICATOR TO MEASURE THE FORCE OF A CURRENCY, IN THIS CASE, JPY, REASON WHY CONFIGURE THE INDICATOR WITH THE COUPLES THAT JPY FORMS. IT IS VERY INTERESTING, SINCE IT SHOWS US THE FORCE OF THE CURRENCY, BEING ABLE TO TO OPEN A TRADE WITH ALL THE COUPLES OF THIS CURRENCY.

I SIT DOWN IT I DON'T SPEAK ENGLISH, SINGLE SPANISH, NOT YOU IF HE/SHE UNDERSTANDS ME.
[IMG]file:///C:/Users/VICENTE/AppData/Local/Temp/moz-screenshot.jpg[/IMG][IMG]file:///C:/Users/VICENTE/AppData/Local/Temp/moz-screenshot-1.jpg[/IMG]
  • #148
  • Dec 22, 2008 11:19pm Dec 22, 2008 11:19pm
[quote=comdoc;2435163]OK, Vincente. I think I understand. The JPY subgroup will show the strength of the JPY currency. The WAVES HEATMAP indicator can be used to monitor all the JPY currency pairs. Simply select which currency pairs you want in your trading GROUP. Then the J green and red numbers below will show the buy profit and sell profit of the JPY pairs subgroup for each of the 7 timeframe columns.

The signals for each column are based on how much buy profit vs sell profit there has been in the market. Now, you can use those signals to give some indication whether to make a trade entry. However, those signals tend to lag...so do not rely on them for an early entry.

Hope this helps,

Happy Holidays,


GRACIAS POR SU AYUDA

FELIZ NAVIDAD, QUE DISFUTE
IH - B221 Return Today: -0.2%
  • #149
  • Jan 1, 2009 5:32am Jan 1, 2009 5:32am
Hi everyone,

It's 1 January here, and we have some exciting developments coming. Steven Young is working on a backtestable revision of the WAVES HEATMAP, and an improved version of GROUP HA indicator. Latest version of GROUP HA is more stable, with custom choice for which pairs to include in your GROUP.

I've managed to add CHF pairs totals to JPY and USD subgroup sums to the HEATMAP, so now it shows J, U, C, O subtotals as well as GROUP profit and loss numbers. Steven is adding user selectable subgroups so you can monitor other currencies.

We're also working on single pair and GROUP audio and visual trend alerts. An initial version of WAVES EA will support auto trading single currency pairs selected manually using WAVES HEATMAP indicator. Thank you all for your continuing support and participation.

Wishing you all a happy and prosperous New Year,

George
  • #150
  • Jan 8, 2009 9:44am Jan 8, 2009 9:44am
Hello George,


I am not here everyday because of work but I look forward to testing the items you mentioned below. I appreciate all the work you have done as well as Steen Young is doing.


Regards,
Jeff



Quoting comdoc
Hi everyone,

It's 1 January here, and we have some exciting developments coming....
  • #151
  • Jan 10, 2009 8:27am Jan 10, 2009 8:27am
Hi comdoc. Your system looks very promising but this thread is pretty confusing. Can you please update your first post so it includes all the indicators you are currently using in your system with the template and a little explanation, because everyone is throwing up new ideas and stuff and in the end i ended up with nothing ...

I would be glad if i can test your system. Thanks!
  • #152
  • Jan 11, 2009 3:03am Jan 11, 2009 3:03am
Hello Jeff,

Yes, Steven Young's contributions have been exceptional. Let's not forget Robert Hill, who has graciously given his coding help. I'm attaching the latest version of WAVES GROUP HA indicator. Please check it out, and post any feedback.

Kind regards,

George

Quoting azjeff
Hello George,


I am not here everyday because of work but I look forward to testing the items you mentioned below. I appreciate all the work you have done as well as Steen Young is doing.


Regards,
Jeff
Attached File(s)
File Type: mq4 WAVES GROUP HA_v1.03.mq4   14 KB | 1,302 downloads
  • #153
  • Jan 11, 2009 3:12am Jan 11, 2009 3:12am
Welcome, ferisoft, and thanks for your offer to help with testing. Sorry that you feel confused; do you have any other specific suggestions to improve it? Did you read the first post on page #1? It already contains a step by step trading procedure. I cannot add more attachments to first post because it already contains the maximum of 7 allowed.

Prosperous regards,

George

Quoting ferisoft
Hi comdoc. Your system looks very promising but this thread is pretty confusing. Can you please update your first post so it includes all the indicators you are currently using in your system with the template and a little explanation, because everyone is throwing up new ideas and stuff and in the end i ended up with nothing ...

I would be glad if i can test your system. Thanks!
  • #154
  • Jan 11, 2009 11:48am Jan 11, 2009 11:48am
Yes i read the post and downloaded attachments but it doesnt produce what i see in other screenshots. My platform uses 4 digits FXDD... I will upload a screenshot of what it looks like when i plot all the stuff tomorrow. Thanks!

PS
And i wil be glad if you can post me some of ur trades just to get the whole picture...as they say 1000 words cant describe a picture... Just to see how do u enter and exit and what the indies look like the right way...so i can figure why the are messed up on my PC...
  • #155
  • Edited Jan 12, 2009 11:09am Jan 11, 2009 9:15pm | Edited Jan 12, 2009 11:09am
OK ferisoft...

Here's a screen shot of week of 12 Jan 09 open. My wife captured the move in EURUSD pair for 21 pips profit. If trader was nimble, there was also a small GROUP trade possible. As you can see, market direction for our trading GROUP was down. The vertical white line on the far left shows the 12 Jan Monday open.

In the WAVES trading method, we use a set pattern to check for possible trades. First we check for T3RSI peak and cross at EXTREME (overbought area in this case). That actually took place at the leftmost red line at 22:48 on 9 Jan 09. Next, look for a breakout of HA candle, closing outside the 5 period MA channel. Then we check for volatility increasing. Neither of these was present on Friday; rather the HA candles were mixed colors inside the channel, and volatility line was flat. Therefore, wait and monitor.

We check the GROUP HA indicator and HEATMAP for our entire trading GROUP conditions. In this instance, it was red near top, with a slight slope to downside. The HEATMAP in this image shows a later time, so disregard. What it indicated at time of trade was a Strong Short signal on 1M trading timeframe, with mixed signals for longer timeframes. She opened the trade because of a forming long red candle which pierced the 5 minute lows MA (breakout of MA channel) with steep Waves_Volatility angle at 12:01AM server time, and closed it out when the EURUSD Heiken Ashi candlestick changed color from red to green 5 minutes later.

BTW, isn't the WAVES HEATMAP beautiful in its own indicator window? Thanks to Steven Young for making it work. I added totals for CHF group, and changed the Other group to reflect pairs which tend to move opposite to the other currency pairs. Now the U group includes only pairs where USD is the counter currency (right position).

The lower 5 lines of the HEATMAP are a treasure trove of market information. Monitor the top line for JPY pairs subgroup price action. In 2nd line, the USD pairs subgroup totals if positive green mean the US dollar is relatively weak, and if negative red mean relative USD strength. The Other subgroup totals in line 4 tend to show profit in movements opposite the 12 pair subgroup (JUC). (Yes, there is a bug with the O subgroup buy profit total.) Finally, the last line shows net gain or loss from entire GROUP cumulative trades.

Trading success to all,

George
Attached Image
  • #156
  • Jan 12, 2009 3:08am Jan 12, 2009 3:08am
U sure u uploaded it ? It seems the picture is missing ?
  • #157
  • Jan 12, 2009 11:15am Jan 12, 2009 11:15am
Hi,

I guess FF changed the file sizes allowed? Because I had to crop the bmp image a lot to fit max file size. Is there a better format that would allow a larger image? I was trying all day to get it uploaded. Server problems? And now it doesn't display image; just a link.

Regards,

George
Quoting ferisoft
U sure u uploaded it ? It seems the picture is missing ?
  • #158
  • Jan 22, 2009 12:59pm Jan 22, 2009 12:59pm
.png format is a good compression
  • #159
  • Jan 22, 2009 6:35pm Jan 22, 2009 6:35pm
Download Jing which uses png. Probably the best i have seen and free. Find it at http://www.jingproject.com/
  • #160
  • Edited 8:05am Jan 23, 2009 7:49am | Edited 8:05am
Quoting Blaiserboy
.png format is a good compression
Thanks Blaiser and flyer,

Will check this out. I have a lot to share, but need the clear visuals.

Well, that didn't work out. MS Net3.0 snafu, so called illegal 16 bit instruction. I'll have to use something else.

Gratitude,

George
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