some trades...

Hello everyone

I just discovered this thread. A very interesting system.

Has anyone translated TOPS into TradeStation 2ki EasyLanguage format? If so, would you mind sharing and posting the code here.

Thanks

Iso,
Feel free to post whatever u want, whereever u want

I like your improvments. Keep in mind that the origional was intended for 1hr use only, and shouldnt be compared on a different timescale to other versions.

I like the looks of the 4hr version and thinking on a general level that TOPS would be more effective on this timeframe. Looking forward to some testing next week !!

Enjoy the rest of the weekend !!

Derek

Last one for now - see header for comments.
The last two versions may require you to read up on several MQL functions and allows you to pretty much change it all they way you want. If you screw up then deleting and readding the indicator should reset to defaults.

Have fun!

(On the screenshot I've changed the middle (dashed) line to 50% from 38.2% so you can see how you can tweak the lines! )


http://img489.imageshack.us/img489/4539/tops9ch.th.gif

Isotonic:
Would you post the .mql file with the changes you made?
Thanks

ok all done unzip to usual place.

No file attached


Edit: Oh.. got it

Isotonic,

The top of the last chart you posted says "EURUSDm,H1". Just curious as to what the "m" means. I have an InterbankFX demo and it is not on my charts.

Thanks in advance,

Jimmy

Isotonic <- Isn't there missing a .ex4 file along with that tops103 file??? I can't seem to attach it to my charts.... thanks!

when i created a demo account on ibfx i selected minis so that might be it...

i think the ex4 is the compiled indicator - i've attached it on an updated zip (get new zip from same post) but you could also compile it yourself i think...i haven't figure out the MT platform yet but thats my guess...any more probs then let me know!

I also had the same problem as fxvision. When compiling it in Metaeditor, for some reason .ex4 file wasn't created.
Thanks iso for updating zip.

This version breaks the period limits imposed by dvst1 in the original.

The main change is the way the envelopes are calculated. The function basically calculates deviation points above and below the price on <whatever> for <number> of periods on the chart. These points are then plotted as <type> moving averages that you see for all the bars in your chart history. Without a decent explanation in the help file of how it works thats my cursory understanding of it. dvst1 then adds a slow & fast ma pair combination to the mix.

The original design imposed a 24 hr rolling period for the 1hr chart and the earlier versions kept to that limit for 1 & 4hr charts and other combinations were off limits due to this restriction and MQ4 language itself.

Being a bit frustrated with this I've removed the limit and worked around MQ4 so that you just specify the period number yourself. So that to get the original config I would put in 24 for the period instead of 1h.

This might be all a bit confusing the way I describe it so if you're not comfortable with this one the stick to the original or 1.0.3 (where you can select 1h or 4h for period).

For this version then remember to just enter the number of back periods for calculating the envelope.

e.g. for 1hr chart and you want to look back 1 day then use 24 for period. if you want to look back say 5 days then use 120.

for other timeframes, say 30min then if you wanted 1 day you would double up to 48, for 5 then 240.

for 1 week then you can't look down you have to look up so use 1 in the period for weekly look back, 4, 8, 12 for 4,8, 12 weeks respectively.

I may of missed the plot with this version so dvst1 or anybody who knows this function properly please correct if required. The way I've programmed it might mean something else <potential doh! here>.

Anywhere here is the matching charts with default setups for the new version.


http://img496.imageshack.us/img496/8354/tops2jz.th.gif

Would someone post here the TOPS system as a .txt file?
Thanks,

Hello dsvt1,

Thank you for Tops. I really enjoy your your posts.
Hopefully, you’ll keep them coming as I find them very informative for a novice like myself.
If you wouldn’t mind to have a look at the chart below.
Do you think it would be a good setup (from TOPS perspective) to go short on eur/usd?

At 00h15 Europe TOP touched the red band and could not penetrate. Today another a repetition. Blue line still above.
Charts double top.
Confirmation: UK rates report. USD buying across the board.
My short gbp/usd pair is even more violent.

Dear Master DVST1,

Do you think you students are in the right course following your lessons ?

Thanks.
Highway

I do not have enough confidence. Just closed the final lot.
Highway

Hello,
It looks like you both are doing well Glad to see that TOPS is helpfull.
I have not yet taken a trade this week.. waiting on a good setup.

The e/$ short setup was a good one, unfortunatly I missed it.

Highway, great entries !!! but why not let your winners run a bit longer? Maybe close 1/2 and let the rest go with a stop at b/e.. hunt the big moves with free trades Just a suggestion...

Anyways, will post next trade(s) when applicable.

Good Luck

Thanks DSVT1,

I studied once more your thread and only now I understand why you did that in your trade. I was too slow. Your suggestion to leave 1/2 and move to b/e would have given me additional +35 pips. Another jewel for my treasure box. ! ! Please do not hesitate in anyway when you have any suggestion.
I am always open.

Thanks and with lots of appreciation
Highway

PS - Anyone who has any suggestions, advice, news/noise please feel free to tell me. Do not worry with all the " if " s. Don't worry about distracting me with my entries. A word of caution for any trade - even if it may not come true - I will appreciate it. Thanks in advance.

thank you very much Dsvt1 for your response.
Since I have a small account I only shorted with 1 lot at 1.1717 (it was the first time I used TOPS to help me with the entry)
with a 1.1650 being the target. Moved sl to be as soon as 30pips in the profit.
Got another good short signal to short gbp/usd around 4 am est,(@1.7340) but missed it due to sleep.
Oh well, cant’ have them all at once.

Hey, where'd everybody go? DSVT1, you still there... probably on holiday.

Well, can anybody else using the TOPS with their trades, please post a chart showing how they applied TOPS to their trade.

Thanx very much
Habeeb