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System for Trending and Ranging Markets

  • #61
  • Sep 5, 2009 8:10am Sep 5, 2009 8:10am
Quoting aicccia
Fine.

If the outside blue bands are the "B" Bands and the inner blue bands are the "A" bands, this is what you do:

BUY when a 3-EMA crosses above the lower B and A bands into the inner channel.

CLOSE the order when either:
- the 3-EMA falls back below the lower B band or
- rises above the upper B band, and then descends back below the upper A band.

Once it falls below the upper A band, then initiate a SELL and start the process over(close the order if it crosses back above the upper B band, or falls below the lower B band...
Guys follow what he said .. not make it confusing.. outside band is B band inside is A band..
Correct me if i'm wrong.
Thanks
  • #62
  • Sep 5, 2009 10:23am Sep 5, 2009 10:23am
Quoting hoichoi
Guys follow what he said .. not make it confusing.. outside band is B band inside is A band..
Correct me if i'm wrong.
Thanks
ATREMA.mq4 (3.2 KB (post1):

extern double BandsDeviations=4.0;
extern double space=0.7;


deviationA=iATR(NULL,0,ATR,i)*BandsDeviations;
deviationB=iATR(NULL,0,ATR,i)*BandsDeviations*space;

A= BandsDeviations (4) -outer
B= 0.7 of BandsDeviations - inner
-------------------

this design (BandsDeviations*space) - good for experimenting and research, but after research done - to avoid confusions - it's better for system to use regular atr (kelther) channels
  • #63
  • Sep 5, 2009 2:38pm Sep 5, 2009 2:38pm
Hoichoi, you're making money , so that's good.....but....It seems you're defeating the intent of this method by exiting at the opposite bands. If it's a trending market you got in "early" and want to stay in for the ride. Yes ?
If it's a ranging market you'll be taken out when it falls back down thru the bands.
It sounds like the author has additions coming (I hope, I hope, I hope) that will tell us when to start playing off the mid-line as opposed to the A,B bands.
I look forward to hearing more from him..............
krly
  • #64
  • Sep 5, 2009 4:43pm Sep 5, 2009 4:43pm
A statement would be better to see how effectively you are trading
  • #65
  • Sep 5, 2009 6:43pm Sep 5, 2009 6:43pm
Quoting hoichoi
Upper band eventually hit...
Love to know the settings for 5m TF

http://clip2net.com/clip/m15756/1252...-clip-15kb.png
where to download that volume indicator with multipe colors?
  • #66
  • Sep 6, 2009 2:39am Sep 6, 2009 2:39am
Quoting hoichoi
I don't know guys but seems some good entry with huge pips.. approx 100 pips .. in total for two days.. and .. the trade only went agains 10 pips each time.. love to know what is the settings for 5m time frame...
Hi hoichoi,
On your picture , you indicate a take profit when price action is reaching the lower band.
According to aicccia's rules , it seems the close of the trade is when price action is reentering the channel to trigger an inverse order.
hoichoi and aicccia, what do you think about ?
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  • #67
  • Sep 6, 2009 3:10am Sep 6, 2009 3:10am
Quoting madscalp
Hi hoichoi,
On your picture , you indicate a take profit when price action is reaching the lower band.
According to aicccia's rules , it seems the close of the trade is when price action is reentering the channel to trigger an inverse order.
hoichoi and aicccia, what do you think about ?
madscalp may be you are right. I told u guys I'm just trying to figure out how to make the best use of this indicator. The thread owner didn't say much yet..

but what i'm doing is .. taking profit when lower band touches ( assume i buy from upper band ) but again .. it could me i may be entering all counter trend signal but the owner said it can be used in trending market to take trend trades too.. I DON"T KNOW HOW ..

hope to hear from the thread owner soon
  • #68
  • Sep 6, 2009 3:50am Sep 6, 2009 3:50am
Hoichoi
Let's say you started from the upper band going down. When it will touch the lower bands you do not have to exit unless price starts going up again indicating that we are in a ranging market. If it brakes both bands and continues down then we are in a strong trend and there is no reason to exit. The bands will follow the trend and when the EMA will be above both bands then this indicates that we have a trend change. Of course you could exit if you have just a candle closing above the two bands or even when the EMA is between the 2 bands. The sooner you exit, you lock more profits but you risk to lose further moves with the trend. Maybe you could reduce your position. So in this case we were ranging and then we started to be in a trend.
What I do not know exactly is how to handle a trending market. Suppose that you see the candles (and ema) being above upper bands in a strong trend. Apparently you would have to wait for a pull back to enter and in this case I think that we have to use the middle ema.
One more thing. Suppose that we had some candles above the bands and then price (and ema) moves lower bellow the band. In this case we should start a short position. But if we are in a strong trend and this was only a pull back we will end with price moving again above the bands hitting our stop loss. For this case I think that we need another tool to determine the strong trend. Maybe looking at a higher time frame.
But I am not sure about how to handle a strong trend. The post owner should give more explanations and of course approve my thinking.
  • #69
  • Sep 6, 2009 5:19am Sep 6, 2009 5:19am
Subscribing to thread.

Thanks for Owner and folks in discussion, testing.

RR
  • #70
  • Sep 6, 2009 6:43am Sep 6, 2009 6:43am
where is aicccia?
i am eagering to learn more about this system. it looks very promising.
  • #71
  • Sep 6, 2009 2:10pm Sep 6, 2009 2:10pm
Quoting paradoxical
Thread originator must be busy. In reviewing the system, he uses a 216 period moving average as the center line. Not sure why this, instead of 200, which is more commonly used. But, perhaps there's a good reason. They are so close when you compare them, it is probably of little importance as far as which one to use. There's no consensus as to what constitutes a good center line, or the best one.
Things tend to return to the center. This system reasons that the pair will return to the center. The further it gets away from it, the better your chances...
Very well said Paradoxical, initially the indicator didn't make lot of sense to me. Your eloquent explanation makes a lot of sense to me.

My humble suggestion:
In order to avoid confusion, how about if we change colors of outer and inner bands.
WANT WHAT THE MARKET WANTS...
  • #72
  • Sep 6, 2009 2:31pm Sep 6, 2009 2:31pm
Quoting countex
Very well said Paradoxical, initially the indicator didn't make lot of sense to me. Your eloquent explanation makes a lot of sense to me.

My humble suggestion:
In order to avoid confusion, how about if we change colors of outer and inner bands.

great idea countex cant believe no one thought of that.
  • #73
  • Sep 7, 2009 1:22pm Sep 7, 2009 1:22pm
http://clip2net.com/clip/m15756/1252...-clip-29kb.pngGrabbed only 11 pips today tradaing one pair but i checked with GU / EJ had same setup .. with more pips.. anyway .. i'm still waiting for the thread owner..
  • #74
  • Sep 7, 2009 1:36pm Sep 7, 2009 1:36pm
Quoting aicccia
Let me explain:

In this system, once a trend is established, the order will not close till it crosses the Middle Base line, instead of the upper bands.

If we are in a ranging market, ....Opening trades only at the upper or lower bands in a ranging market and opening trades only at the trendline in a trending market will mean we're only opening trades when the price has made a substantial move and not just a bounce. The more substantial the move, the more we can trust it and if we understand...
SO....the question is : What do you use to tell you if the market is trending or ranging ?
Thanks
krly
  • #75
  • Sep 7, 2009 5:23pm Sep 7, 2009 5:23pm
Didn't you enter the trade a bit early hoi choi?

I thought the short would have been after the ema closed into the channel from above. Looks like you entered after it crossed just the B line. ???

thx,
todd
  • #76
  • Sep 7, 2009 7:09pm Sep 7, 2009 7:09pm
Here is the latest I got.

I wish the originator can come back and hopefully help answer some questions.

What do we do when the 3ema goes completely above or below both bands???

Sorry Folks. the entry in the chart above was wrong according to the originators's rules. Maybe we should look into this for entering earlier.
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  • #77
  • Sep 7, 2009 7:22pm Sep 7, 2009 7:22pm
here is the proper entry and exit according to the rules.
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  • #78
  • Sep 8, 2009 5:31am Sep 8, 2009 5:31am
according to the rules you should still be in the trade, it never crossed any outside band to come back in afterwards and cross the inner band, nor did it recross the upper inside and outside band.
At least, that is how I understood the rules and doing some homework, they work out quite well.
Wendy
  • #79
  • Sep 8, 2009 5:55am Sep 8, 2009 5:55am
is there somebody out there who could set up an alert for me every time the 3EMA crosses any of the bands? I love this system but it isn't possible to control the screen 24h/24......
Thanks in advance,
Wendy
  • #80
  • Sep 8, 2009 6:46am Sep 8, 2009 6:46am
Hmm And what to do here? look:
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