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Attachments: (LCB) Largest Candle Breakout
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(LCB) Largest Candle Breakout

  • #61
  • May 12, 2009 7:06pm May 12, 2009 7:06pm
Dopey, thanks for dropping in, hopefully you can also submit your ideas on this.
Starting to see instead of just looking.
  • #62
  • May 12, 2009 8:26pm May 12, 2009 8:26pm
Quoting Dopey
Cgrey, my eyes are killing me. Is it possible to make an indicator that can go back? Iow, I pick a day and apply it for that particular day? I could use vhands, but it's tedious and slow.

Cheers.
Honestly, I'm focusing at the moment on an EA that will trade by the rules I develop based around the "foundation" of the hi/lo lines. Maybe when I get through that, I will come back to customizing the indicator for individual requests. That said, anyone that wishes to expand on the code I posted in post #9 of this thread is welcome to. I'm not protective of it

I will also make my finished EA available, but will refrain from cluttering this thread further with any updates until it is complete.
  • #63
  • May 13, 2009 10:17am May 13, 2009 10:17am
Quoting Dopey
A very interesting find, Rastaman, you've got a good eye. I've been looking at it for a while and it's very intriguing as to what's going on. I'll keep looking and post anything I see of value. I've got a couple of ideas as to what's going on and how to trade it.

Cgrey, my eyes are killing me. Is it possible to make an indicator that can go back? Iow, I pick a day and apply it for that particular day? I could use vhands, but it's tedious and slow.

Cheers.
The attached *should* give you what you need. I didn't spend a lot of time testing or verifying it, but I've gone back as far as the beginning of this year by picking random dates and it seems to be plotting the lines correctly.

When you attach it to a chart (it's still an EA, even though I've basically gutted it and removed everything but function that calculates and plots the lines - so make sure it's in your EXPERTS folder), set the external variable to the date that you want to be the TRADING day (which means, the lines would calculate based on the prior day's largest M15 candle).

Please note, I also have not added any error checking or date validation, so I can't promise it won't break if you put in an invalid date, or choose a non-trading day (Saturday) for the date. Leave the default (1/1/1970) to get yesterday's lines (on today's chart). Also, check the formatting - you will want to enter the date in the same format that is displayed when you go to the parameters.

Going forward, I have no intention of supporting this particular indicator or developing it further. As for the "system" itself - I'm still working on an EA to trade rules that I experiment with. I'll keep watching this thread, and if some rules develop that become the agreed upon direction, I'd be happy to revisit the EA I attached in post #9 to modify it to fit those rules.
Attached File(s)
File Type: mq4 CL-LCB-0.3.mq4   3 KB | 428 downloads
  • #64
  • May 13, 2009 11:33am May 13, 2009 11:33am
Cgrey, thanks a million for that, it's greatly appreciated.
  • #65
  • May 13, 2009 11:52am May 13, 2009 11:52am
Quoting Dopey
Cgrey, thanks a million for that, it's greatly appreciated.
No problem - hopefully it will be a contribution toward turning this into a profitable system.
  • #66
  • May 13, 2009 12:06pm May 13, 2009 12:06pm
Quoting cgrey
No problem - hopefully it will be a contribution toward turning this into a profitable system.
Ohh.... Just thought of something else - I used the TimeDayOfYear variable to determine what the trading day is, so it will most definitely not work for any date entered that is more than 1-year ago. Without some additional logic, it will always find the latest year a date is in (so, if you put in 5-May 2008, for example, you will get lines for 5-May, 2009 - when it finds "5-May" it thinks it's done). If you think you really need to go back more than a year, let me know - I'll find some time to add that ability. Should only be another variable and changing/adding a value to compare.
  • #67
  • May 13, 2009 1:45pm May 13, 2009 1:45pm
I have some signals today for this system the way Im using it as per my other posts.

15min chart
GBPUSD
GBPJPY

One long on GBPJPY entry was 1.5278 tp was 1.5335 hit 1.5331 then drop to hit the SL of 62 pips

2 signals on GBPJPY

Long = +84 pips
Short = +81

Another good day

Paul
  • #68
  • May 13, 2009 10:08pm May 13, 2009 10:08pm
Quoting cgrey
Honestly, I'm focusing at the moment on an EA that will trade by the rules I develop based around the "foundation" of the hi/lo lines. Maybe when I get through that, I will come back to customizing the indicator for individual requests. That said, anyone that wishes to expand on the code I posted in post #9 of this thread is welcome to. I'm not protective of it

I will also make my finished EA available, but will refrain from cluttering this thread further with any updates until it is complete.

Hi all,

I think someone asked for this.

I did this quick mod of CL-LCB-01, it will work as a regular on chart window indicator now. Place it in indicator folder not ea folder.
I changed the name to CL-LCB-01i (just added the letter i for indicator.)

Enjoy
Attached File(s)
File Type: mq4 CL-LCB-01i.mq4   5 KB | 475 downloads
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #69
  • May 13, 2009 10:35pm May 13, 2009 10:35pm
Quoting fxScavenger
Hi all,

I think someone asked for this.

I did this quick mod of CL-LCB-01, it will work as a regular on chart window indicator now. Place it in indicator folder not ea folder.
I changed the name to CL-LCB-01i (just added the letter i for indicator.)

Enjoy
I also made a couple of changes to the name of the lines from HL to HighBreakLine & SL to LowBreakLine. This was done to prevent variable conflicts between this indicator and an Existing Breakout Box EA I'm attempting to modify to work with this Indiator and System.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #70
  • May 14, 2009 12:26am May 14, 2009 12:26am
Quoting cgrey
Ohh.......
Ok, I'll let you know if it's needed.

Thanks.
  • #71
  • May 14, 2009 6:52am May 14, 2009 6:52am
Maybe more than a trading method this could be used to determine when the market is lateral in very short term.

It could take the biggest 15 min bars of the last x days and compare them to each other to create a channel. You could then see how the channel is moving and trade the way you prefer on that data.
  • #72
  • Edited 11:25am May 15, 2009 11:05am | Edited 11:25am
ok so far I have

GBPUSD 3trades

1 loser -50 pips
2 winners - 40pips + 46 pips

GBPJPY 2 trades

2 winners 72 pips + 70 pips

If I apply the entry criteria by adding the 3 ema instead of just price breaking the high low lines I get

GBPUSD 1 trade +24 pips

GBPJPY 1 trades +23

If we add in

EURJPY another favorite we get

3 signals +27 +30 +55


P
  • #73
  • May 15, 2009 12:55pm May 15, 2009 12:55pm
we currentry have 2 more signals

GBPUSD short from 1.5178 TP is 1..5137 currently 1.5156

GBPJPY short from 143.85 TP is 143.63 currently 144.13

P
  • #74
  • May 16, 2009 9:36pm May 16, 2009 9:36pm
Quoting Paulus
we currentry have 2 more signals

GBPUSD short from 1.5178 TP is 1..5137 currently 1.5156

GBPJPY short from 143.85 TP is 143.63 currently 144.13

P

How did those last two signals work out?
Starting to see instead of just looking.
  • #75
  • May 18, 2009 4:44am May 18, 2009 4:44am
Sorry to have had to desert this thread for a while there,I am still really busy and will be for the next week or so.

Anyway, quick update.

I decided to use the De Mark indicator to quickly assess the S&R and make a quick trade. Looks good even taking the break on the upper line with 104 pips on GBP/JPY, 52 pips on GBP/USD and 32 pips on USD/JPY which is still an on trade. The De mark indicator gives you a good idea of TP and SL.
Attached Image (click to enlarge)
Click to Enlarge Name: demark.jpg Size: 166 KB
Starting to see instead of just looking.
  • #76
  • Edited 3:24pm May 18, 2009 3:02pm | Edited 3:24pm
3 nice trades

EURJPY long +58 pips
GBPUSD long +36 pips
GBPJPY long +49 pips

On 15min using Fridays candle buy on break of 3ema on bottom line close on touch of top these 2 lines represents the hilo of the largest 15min canle on Friday

Cheers

Paulus
Attached Image (click to enlarge)
Click to Enlarge Name: 15min hilo.jpg Size: 106 KB
  • #77
  • Last Post: Jun 5, 2009 11:13pm Jun 5, 2009 11:13pm
I found where you moved, lol.

Still reading all the posts, now even more to do this weekend.
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