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  • #7,181
  • Aug 19, 2009 10:30am Aug 19, 2009 10:30am
Perhaps we can measure the time the PA needs to go 5 pips in one direction and put it in correlation with your new indi ?E.G. 5 pips up in under 5 seconds + momentum / acc of mom = long signal ? vice versa for short ? I have no idea if that is possible to code - as i said b4 i am not a coder, what do you guys think would that be possible ?
Quoting Chris_B
Yes Tex...acceleration of MOM...i have no idea on how to check acceleration of PA...
  • #7,182
  • Aug 19, 2009 10:37am Aug 19, 2009 10:37am
Quoting 4xtrader2
Hi Chris,
I've been evaluating Momentum and developing a similar indicator in TS. (Sorry, this is not an offer to share the indicator. It is still a work in progress.). I have some observations that may help eliminate some of the noise.
1. If Acceleration is extended to 2 bars instead of the traditional one bar and then compared with Momentum, it eliminates some noise.
2. If Acceleration is greater than Momentum (for long comparisons) and is less than Momentum (for short comparisons) then you also can eliminate some noise.
3. If you correlate the...
Will check other settings in the next days
For now i want to see how it works in his "rough" version....no hurry...i've monitored today during prime time and it does quite well...
Market is like a puzzle, YOU have to fit the pieces!!
  • #7,183
  • Aug 19, 2009 10:38am Aug 19, 2009 10:38am
Quoting tex
Perhaps we can measure the time the PA needs to go 5 pips in one direction and put it in correlation with your new indi ?E.G. 5 pips up in under 5 seconds + momentum / acc of mom = long signal ? vice versa for short ? I have no idea if that is possible to code - as i said b4 i am not a coder, what do you guys think would that be possible ?
I'm not a coder too Tex...what i've made is quite simple...just some indy crosses... i have really no idea how to work on a so complicated thing...sorry
Market is like a puzzle, YOU have to fit the pieces!!
  • #7,184
  • Aug 19, 2009 10:46am Aug 19, 2009 10:46am
Quoting tex
Perhaps we can measure the time the PA needs to go 5 pips in one direction and put it in correlation with your new indi ?E.G. 5 pips up in under 5 seconds + momentum / acc of mom = long signal ? vice versa for short ? I have no idea if that is possible to code - as i said b4 i am not a coder, what do you guys think would that be possible ?
I did a time study of the Renko bars and I think time is somewhat irrelevant (see chart below: this is renko with an exponential average of the time each bar takes to close). I tried different methods to display the time (average, deviation, rate of change, Skew, summation, TRIX, Momentum, RSI) but nothing gives a valid clue...seems like a rabbit hole.

I think that cracking the Acceleration nut from a different perspective is promising. Again, I think it has something to do with the "Simplicity" that Edge is hammering on. Like looking for the tree in the forest.
Attached Image (click to enlarge)
Click to Enlarge Name: RenkoTimeStudy.jpg Size: 95 KB
4XTrader2
  • #7,185
  • Aug 19, 2009 10:50am Aug 19, 2009 10:50am
No problem Chris - but i don't think it is too complicated. In fact i think speed/velocity of PA is our 'simple' component to look at. Perhaps this is Edge teaching us every day. If Velocity of PA is good/fast we get our +5 target almost every time. If PA is slow, the failrate is higher. That's it. I noticed this many times. This is tradeable when u look very closely at the PA like you said before and an indi for it would be a good trading helper don't you think..
Quoting Chris_B
I'm not a coder too Tex...what i've made is quite simple...just some indy crosses... i have really no idea how to work on a so complicated thing...sorry
  • #7,186
  • Aug 19, 2009 10:51am Aug 19, 2009 10:51am
Quoting 4xtrader2
I did a time study of the Renko bars and I think time is somewhat irrelevant (see chart below:...
you do have an interesting point there..will look into it and post my findings
  • #7,187
  • Aug 19, 2009 11:11am Aug 19, 2009 11:11am
Chris, I want to add my thanks for this work, and for your unselfish contributions overall. Thank you very much for all that you do!

Quoting Chris_B
Ok guys...i've now finished to code the new version of the indy

I've worked hard today to make the indy standalone...so you don't need any other indy to make it work.

Read the entire thread BEFORE you ask questions!
  • #7,188
  • Aug 19, 2009 11:13am Aug 19, 2009 11:13am
Quoting GrZack
ALL of these are THE best, if they are giving the high volatility. The pairs moved together during these trades. So I made +15 on three pairs first time.
Last trade: I need only +5 to achieve my goal. I hit upon the idea of trade on the BEAST. Anyway: I could also choose EJ or AJ or UJ, result would be the same: +5 (on each).

update: at least 2 bricks formed on EJ, AJ, GJ @ around 05:27 - 05:29 GMT (during my last trade).
Thanks so much GrZack
  • #7,189
  • Aug 19, 2009 11:15am Aug 19, 2009 11:15am
Didn't get off to the best start. Shorted into the apparent downtrend, but price stalled and started to reverse. Pulled all trades.

Waited for the change of direction and had wins on the following 2 sets of long trades.

Overall felt calmer today...but still alot of room for improvement
Attached Image (click to enlarge)
Click to Enlarge Name: eu.19.08.09 pm nitro pairs.jpg Size: 186 KB
  • #7,190
  • Aug 19, 2009 11:20am Aug 19, 2009 11:20am
Hope everyone is not sitting around waiting for Chris to provide you with the 100% indicator. By his own admission, he has done pretty much all he can and is approaching the same ground DXTrade is on.

Each has managed to put together a indicator or two that they are comfortable trading with while trading the base plan.

It is not so easy to turn on a light switch and all of the sudden that 75% mental work is complete.

25% mechanical -Done
75% mental
(75% of this is GREED and that is a personal mental discipline)
(20% of this comes down to having an aptitude to trade, a decent trading plan and FAITH in that plan)
(5% is discretion and pure chance)

Each individuals has to perform self-evaluation testing to ascertain where they are in these regards. That is how I believe you grow as a trader. Only other option is to go buy one of those ea's or sign up with some signal service somewhere and let those mechanisms handle the entries into the trades for you. If available, you can perhaps even set a preset TP/SL with a good ea, but you would still have to manage your trade with a SS. Everyone is different and certain things will appeal to some as opposed to others.

Nice work by Chris this week. Both he and DXTrade have given you a real boost here.

Chris' would be tailored for a moderately aggressive trader.

Dx Trade's is more in line with a conservative trader.

In addition, you could just put Jacson101's momentum deal up on your chart and go live.

All these things tell you the same thing. Just to varying degrees which accommodate all manner of trading attitudes.

Regards.
  • #7,191
  • Aug 19, 2009 11:26am Aug 19, 2009 11:26am
Quoting tex
No problem Chris - but i don't think it is too complicated. In fact i think speed/velocity of PA is our 'simple' component to look at. Perhaps this is Edge teaching us every day. If Velocity of PA is good/fast we get our +5 target almost every time. If PA is slow, the failrate is higher. That's it. I noticed this many times. This is tradeable when u look very closely at the PA like you said before and an indi for it would be a good trading helper don't you think..
And that 'velocity' you are looking for is MOST apparent during the London/ U.S. overlapping time period.

Am aware that does not suit everyone and that is unfortunate.

However, with a good trading plan, most will adapt to the plan and do fine. It is a sure bet the plan will not adapt to the individual.

Regards.
  • #7,192
  • Aug 19, 2009 11:29am Aug 19, 2009 11:29am
[quote=Chris_B;2968453]Ok guys...i've now finished to code the new version of the indy

I've worked hard today to make the indy standalone...so you don't need any other indy to make it work.

What it does??? ......

Chris,

Nice indicator.

A couple of interesting observations:

When combined with the DXTrade C4 indi it shows double confirmations.
Plus extra arrows on a long trend can give re-entry points

Keep up the good work

N.
  • #7,193
  • Aug 19, 2009 11:34am Aug 19, 2009 11:34am
Quoting Chris_B
What it does???

It checks the Momentum (the "classical" Momentum indy that comes with MT4) and checks his acceleration.
It draws an arrow everytime Momentum and Acceleration are positive or negative. This is not a warranty for a good trade!!
HI Chris_B:

Would you please define acceleration as you are using it? Or, what is the acceleration formula you are using?
If you only trade long, then you can't always be wrong.
  • #7,194
  • Aug 19, 2009 11:35am Aug 19, 2009 11:35am
[quote=Nick'em;2968837]
Quoting Chris_B
Ok guys...i've now finished to code the new version of the indy

I've worked hard today to make the indy standalone...so you don't need any other indy to make it work.

What it does??? ......

Chris,

Nice indicator.

A couple of interesting observations:

When combined with the DXTrade C4 indi it shows double confirmations.
Plus extra arrows on a long trend can give re-entry points

Keep up the good work

N.

And a chart to show it

N
Attached Image (click to enlarge)
Click to Enlarge Name: audjpn.gif Size: 19 KB
  • #7,195
  • Aug 19, 2009 11:47am Aug 19, 2009 11:47am
[quote=Nick'em;2968857]
Quoting Nick'em


And a chart to show it

N
Wonder how many accounts have to be consumed and devoured by greed before someone learns to manage the thing.

Must be like drug addiction or alcoholism, tough to overcome.
  • #7,196
  • Aug 19, 2009 11:51am Aug 19, 2009 11:51am
Quoting Chris_B
Ok guys...i've now finished to code the new version of the indy
Many thanks again for your concerted efforts here! They are much appreciated...
Q
The Only Constant Is Change!
  • #7,197
  • Aug 19, 2009 11:52am Aug 19, 2009 11:52am
[quote=Edgetrader;2968907]
Quoting Nick'em

Wonder how many accounts have to be consumed and devoured by greed before someone learns to manage the thing.

Must be like drug addiction or alcoholism, tough to overcome.

Edge,

Just an observation, Safe re-entry in a long trend just gets my 2% quicker and done for the day.

N
  • #7,198
  • Aug 19, 2009 12:06pm Aug 19, 2009 12:06pm
Quoting Edgetrader

Chris' would be tailored for a moderately aggressive trader.

Dx Trade's is more in line with a conservative trader.

In addition, you could just put Jacson101's momentum deal up on your chart and go live.

All these things tell you the same thing. Just to varying degrees which accommodate all manner of trading attitudes.

Regards.
Edge is right as always!!
The problem is that people is ever searching for magic where there is no magic...

Someone has tried to put a momentum or a trix on the graph and match with my indy major swings??
What happens?? A cross of the line??? Incredible!!!!
I was just curious to see if anyone is aware...

My indy just has more arrows due to acceleration...that's it...
Attached Image (click to enlarge)
Click to Enlarge Name: momo4.gif Size: 20 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #7,199
  • Aug 19, 2009 12:11pm Aug 19, 2009 12:11pm
Quoting Chris_B
Edge is right as always!!
The problem is that people is ever searching for magic where there is no magic...

Someone have tried to put a momentum or a trix on the graph and match with my indy major swings??
What happens?? A cross of the line??? Incredible!!!!
I was just curious to see if anyone is aware...

My indy just has more arrows due to acceleration...that's it...

Correct!
Momentum builds...

I think your new name is hurricane chris
Great work
Best,
  • #7,200
  • Aug 19, 2009 12:17pm Aug 19, 2009 12:17pm
[quote=Edgetrader;2968907]
Quoting Nick'em

Wonder how many accounts have to be consumed and devoured by greed before someone learns to manage the thing.

Must be like drug addiction or alcoholism, tough to overcome.
For me it goes deeper than that. I have been a professional athlete and with that goes an incredible competitiveness and unwillingness to lose.
This has been my downfall. It doesn't happen on many trades any more, thanks to Edge, but the ones that I won't let go of are the ones that kill my account and my psyche. After I finally relent and take the loss, the feeling is so overwhelmingly negative, not just because of the monetary loss but because of the loss of self control!
I do feel like a junky some times...or I should say that I DID feel like a junky because I refuse to do it anymore! I hope!
Once you master the mental part of this game...it's all green pips!
Q
The Only Constant Is Change!
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