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NFP System - Backtest data provided

  • #121
  • Edited Apr 11, 2007 8:22pm Apr 6, 2007 6:50am | Edited Apr 11, 2007 8:22pm
Have I set up my graph the way it supposed to be? Please help me out here!
Can anyone also remind me of the rules to enter a trade with this system? Tnx.
  • #122
  • Edited Apr 11, 2007 8:22pm Apr 6, 2007 10:38am | Edited Apr 11, 2007 8:22pm
Quoting Pipsi cola
Have I set up my graph the way it supposed to be? Please help me out here!
Can anyone also remind me of the rules to enter a trade with this system? Tnx.
Here is how my chart is setup. Waiting for Monday, 04/09/07 @ 12:00AM to complete box. Once the box is complete we wait for the following conditions to be met:

"If a CLOSE occurs above or below the box on the 30 minute chart, take the trade ONLY if the 336 SMA backs it up (price is above the 336 SMA for a long trade, below the 336 SMA for a short trade), and if the Sentinal Index is above the 7 day SMA. If the two indicators don't reflect the price action yet, take the trade when they both do."

TimeFreedom
  • #123
  • Edited Apr 11, 2007 8:22pm Apr 6, 2007 1:22pm | Edited Apr 11, 2007 8:22pm
Hi;
Can you look at my chart and tell me why my Sentinal level # is differnt than your chart? I am using latest indicator, sentinal mod_a version.
Thanks a million!
  • #124
  • Apr 6, 2007 1:23pm Apr 6, 2007 1:23pm
Quoting fx4_ever
Hi;
Can you look at my chart and tell me why my Sentinal level # is differnt than your chart?
Thanks a million!
One of you is using NZDUSD in the calc and one is not. That is what I think. Ther other thing could be the difference in feeds.
  • #125
  • Apr 6, 2007 1:24pm Apr 6, 2007 1:24pm
Quoting smjones
One of you is using NZDUSD in the calc and one is not. That is what I think. Ther other thing could be the difference in feeds.
I see your times are differnet and your candles are different.
  • #126
  • Apr 6, 2007 1:28pm Apr 6, 2007 1:28pm
Hey, Smjones,
I am the one not using NZD calculation.
What about the time ? What do you mean?


Quoting smjones
I see your times are differnet and your candles are different.
  • #127
  • Apr 6, 2007 1:30pm Apr 6, 2007 1:30pm
Quoting fx4_ever
Hey, Smjones,
I am the one not using NZD calculation.
What about the time ? What do you mean?
The difference in the time zones of the two brokers changes the calc slightly... The real point is that it does not matter. The numbers need not be the same from what I have read. Just the relationship between the indicator and it's average is all that matters.
  • #128
  • Apr 6, 2007 1:35pm Apr 6, 2007 1:35pm
Got it!
Thanks, Have a good holiday!

Quoting smjones
The difference in the time zones of the two brokers changes the calc slightly... The real point is that it does not matter. The numbers need not be the same from what I have read. Just the relationship between the indicator and it's average is all that matters.
  • #129
  • Apr 6, 2007 3:27pm Apr 6, 2007 3:27pm
For all of those who don't know, I'm offering a free months' worth of signals for this NFP system and other Sentinel based systems. It will go through every step in PDF format describing how trades are taken, and will provide you a walkthrough of the system, and another month of testing data. On top of the PDF updates, signals will be sent in real-time. It, hopefully, will answer all the questions and clear up everything that may be foggy about the system to you now. If you would like to be added on the list, just PM me your email address. Thanks!

-Kev
Savage Pip Fiend
  • #130
  • Apr 6, 2007 3:27pm Apr 6, 2007 3:27pm
Hi Kevin,

Will this NFP during Easter holiday affect the time range for drawing the box? Please kindly advise.

Regards,

hksweeper
  • #131
  • Edited Apr 11, 2007 8:22pm Apr 6, 2007 8:05pm | Edited Apr 11, 2007 8:22pm
KEVIN_E,
Please take a look at my chart and let me know if I'm understanding your method. The yellow box is not complete but assuming price remains within the current levels, it should look the same.

I have a few questions.
. Are the times you mention GMT.
. We do not take any trades until the box forms (between Friday 8:30 and Monday midnight).
. We only take trades when price closes above or below the box.
. Re-entries: do we re-draw the box every week based on previous high/low.
(I'm a little confused with your #6 in the text doc).

Thanks in advance..jj/.
  • #132
  • Apr 7, 2007 1:25am Apr 7, 2007 1:25am
Hello all,

following this interesting thread, I am wondering why a individual indicator is
being created to measure the strenght of the ?

There is a highly industry respected indicator, which is the $DXC, the US-$ cash index.
Please find below how it is calculated. It would be highly interesting to see if anyone could code that for MT4 ? In case your broker doesnt provide all the pairs needed, I found ODL MT4 (ODL securities) delivers by far the most available ones.

Looking forward to your thoughts,
Peter Pan

http://www.fxdeals.com/images/stories/dxc-ii.jpg
  • #133
  • Apr 7, 2007 3:03am Apr 7, 2007 3:03am
Kevin_E and all other wonderful people working on this "Sentinel Index"


Based in Italy I know that Latin has influenced many modern languages.
Maybe your term "Sentinal" could be written more properly "Sentinel".

This could be my contribution to this general effort about "SENTINEL INDEX".

Regards,

Giuseppe
  • #134
  • Apr 7, 2007 3:28am Apr 7, 2007 3:28am
is NFP released at 20.30 EST?

what if there is time shift? is the box and everything still using the same time mentioned?

to complete the box we have to wait untill sunday 24.00 EST or monday 24.00 EST?

thx
  • #135
  • Apr 7, 2007 7:26am Apr 7, 2007 7:26am

Quoting Peter Pan
Hello all,

following this interesting thread, I am wondering why a individual indicator is
being created to measure the strenght of the ?

There is a highly industry respected indicator, which is the $DXC, the US-$ cash index.
Please find below how it is calculated. It would be highly interesting to see if anyone could code that for MT4 ? In case your broker doesnt provide all the pairs needed, I found ODL MT4 (ODL securities) delivers by far the most available ones.

Looking forward to your thoughts,
Peter Pan

http://www.fxdeals.com/images/stories/dxc-ii.jpg
eter,
So the USDX is a fixed number? Does it vary or is it the result of the formula above. By the way what is the number?

jj/.

  • #136
  • Apr 7, 2007 8:21am Apr 7, 2007 8:21am
JayJay..

only as fixed as any other rate is

it's updated every tic in fact, and traded on the NYBOT as an index
http://quotes.ino.com/chart/?s=NYBOT_DX
http://quotes.ino.com/chart/?s=NYBOT_DX
try to get the DX on ino dot com, in case above link doesnt work.

It's calculated with the shown formula based on actual rates of the underlying pairs. (and their weightings, as indicated).

THis indicator/instrument was introduced many many years ago, it was included in e-signal a long time for free..no more..so if anyone able to write an indicator could build that in mt4, this would be a great help.

Peter Pan



Quoting JayJay


eter,
So the USDX is a fixed number? Does it vary or is it the result of the formula above. By the way what is the number?

jj/.

  • #137
  • Apr 7, 2007 10:18am Apr 7, 2007 10:18am
I am very interested in this indicator as a trend bias tool. Can it be rewritten to display as a histogram of the difference between the two lines? Similar to an OSMA? With the goldenrod line as zero and the histogram above and below that. If possible while you are at it I may as well request if the bars can be colored to reflect higher or lower than the previous bar as with the Awesome Oscilator. Thanks for all the hard work on everyones behalf.

Steve
No matter your system, money management is the key to success.
  • #138
  • Apr 7, 2007 11:00am Apr 7, 2007 11:00am
Peter,
I have been to the site (thanks for the link). It does look very interesting and I agree it may prove to be helpful. My knowledge with MT4 programmiing is limited. I wouldn't know where to begin.

Any one up to the task?

jj/.
  • #139
  • Apr 7, 2007 11:34am Apr 7, 2007 11:34am
JJ, for a programmer it shouldn't be a hard task to do - I assume.

THe US-$ cash index is often used as secondary confirmation in trades, ususally it's used as a separate feed, like any other cross - trendlines and MA's on the DXC are really helpful as they usually confirm trends on the dollar pairs (especially EMA 34 plotted as a wave on H/L/C and trendlines).
Also psychological levels of the DXC can stop a move in a dollar-cross ; a
".00" or .50" level acts as natural support or resistance, as the ema 34 often does.

Looking forward to anyone able to do this little indicator ! (maybe it can be done not like a normal indicator adhering to a cross, but as something stand-alone like a own crossrate, then drawing and other chart tools are easier to apply)

PP

Quoting JayJay
Peter,
I have been to the site (thanks for the link). It does look very interesting and I agree it may prove to be helpful. My knowledge with MT4 programmiing is limited. I wouldn't know where to begin.

Any one up to the task?

jj/.
  • #140
  • Apr 7, 2007 12:58pm Apr 7, 2007 12:58pm
Hi,

You all have the USDX Indicator programmed already. Just put the weights into the input table when you load the Sentinal Indicator. If you don't want to do this each time you load, right-click the indicator in the left hand side 'Navigator' panel, choose 'modify' and then edit the weights, which are set to 1.0 at the moment. Then press the button 'Compile' and you are done.

There are many ways of calculating USD indicators. I looked at cross-correlations of currencies, and one lesson is that correlations vary greatly according to time scale and time period looked at. There is no single best indicator for USD trends. The USDX indicator may be good for some specific uses, the Sentinal may be best for the M30 level and combination of lines that Kevin suggests.

Overall the lines are pretty similar. Backtesting and seeing if modifications of Sentinal Indicator make a difference are welcome.

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