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Pair Divergence Method

  • #441
  • Sep 9, 2009 9:04pm Sep 9, 2009 9:04pm
Quoting billbss
I might trade them, but.....
they do not qualify as divergences per the rules given in this thread.
I looked the entire chart over and I didn't see any trade set ups- no divergences.
Thanks Bill,
BTW, I've been testing the changes to the indicator most of the day and they look good. It won't be long and we should all be getting very useful text messages...hopefully freeing up some time for...the more important things in life.

Take care.
  • #442
  • Sep 9, 2009 9:08pm Sep 9, 2009 9:08pm
Quoting LucidObscuri
Thanks Bill,
BTW, I've been testing the changes to the indicator most of the day and they look good. It won't be long and we should all be getting very useful text messages...hopefully freeing up some time for...the more important things in life.

Take care.
Thank you.
You're doing a great job.
I appreciate it.
  • #443
  • Sep 9, 2009 10:11pm Sep 9, 2009 10:11pm
Quoting billbss
I looked the entire chart over and I didn't see any trade set ups- no divergences.
you mean, the first two lines in his chart is not a valid setup? Why? White line made a new high, aqua did not.
  • #444
  • Sep 9, 2009 10:16pm Sep 9, 2009 10:16pm
Quoting giraia_br
you mean, the first two lines in his chart is not a valid setup? Why? White line made a new high, aqua did not.
You are correct. I overlooked that.
  • #445
  • Sep 9, 2009 10:27pm Sep 9, 2009 10:27pm
Quoting billbss
You are correct. I overlooked that.
ok.

1 are you taking trades with wich frequence? 1, 3, 5 per day?

2 there was people in this thread taking trades even in 5 min. Are you taking tradings in this TF too?


many thanks for reply.
  • #446
  • Sep 9, 2009 10:30pm Sep 9, 2009 10:30pm
Quoting giraia_br
ok.

1 are you taking trades with wich frequence? 1, 3, 5 per day?

2 there was people in this thread taking trades even in 5 min. Are you taking tradings in this TF too?


many thanks for reply.
I haven't counted.
I would say three a day.
I usually fan through the time frames until I see a set up.
  • #447
  • Sep 9, 2009 10:34pm Sep 9, 2009 10:34pm
Quoting billbss
I haven't counted.
I would say three a day.
I usually fan through the time frames until I see a set up.
but even 5, 1 TF?

thanks
  • #448
  • Sep 9, 2009 10:45pm Sep 9, 2009 10:45pm
Quoting giraia_br
but even 5, 1 TF?

thanks
I will trade 5M- not 1M.
  • #449
  • Sep 9, 2009 10:56pm Sep 9, 2009 10:56pm
OK, I definatelly need to refine the EA a bit. It really needs to be less picky about what is a peak and what is a valley. I'll be introducing a parameter which will allow you to specify a maximum number of candles for a given movement (a low, high, low for a peak or a high, low, high for a valley). This will allow the EA to recognize many more setups and to work on the lower timeframes.

Please be patient. You won't be dissapointed.
  • #450
  • Sep 10, 2009 10:10am Sep 10, 2009 10:10am
Quoting billbss
I will trade 5M- not 1M.
ok. Thanks.
  • #451
  • Sep 10, 2009 12:55pm Sep 10, 2009 12:55pm
I would have traded this euro buy, would you?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_buy_200909101600.PNG Size: 21 KB
Hindsight is 20/20
  • #452
  • Sep 10, 2009 7:14pm Sep 10, 2009 7:14pm
At this moment we have come to a situation where the USD/CHF has reached a strong support level. The EUR/USD would be apx. 150 pips away from a possible resistance level. See attachments.

This might give us more trading opportunities as the 2 pairs might not correlate as much due to the different support/resistance levels.

Se keep your eyes on the charts these days.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pairdiv1.png Size: 46 KB
Click to Enlarge Name: pairdiv2.png Size: 46 KB
  • #453
  • Sep 11, 2009 1:40pm Sep 11, 2009 1:40pm
Quoting cosgrove
I would have traded this euro buy, would you?
Update: trade would have closed for profit.
Hindsight is 20/20
  • #454
  • Edited 7:27pm Sep 11, 2009 4:13pm | Edited 7:27pm
Well, I'm finally done.

I've vastly improved the divergence detection algorithm and have added a few additional configurable properties and features. The Overlay indicator has been fixed and I've done what I could to make sure it refreshes properly when switching timeframes; however, you should switch the timeframe of the SubSymbol first.

Please let me know if any of you see anything strange or if you have any questions.

Edit: For newcomers, the "Overlay.ex4" file is an indicator and the "Correlating Pair Divergence - Signal Only.ex4" file is an expert. Please place in the appropriate folders.
Attached File(s)
File Type: txt Correlating Pair Divergence - Signal Only README.txt   2 KB | 551 downloads
File Type: ex4 Correlating Pair Divergence - Signal Only.ex4   19 KB | 672 downloads
File Type: ex4 Overlay.ex4   5 KB | 610 downloads
  • #455
  • Edited Sep 12, 2009 9:27am Sep 11, 2009 4:29pm | Edited Sep 12, 2009 9:27am
Quoting LucidObscuri
Well, I'm finally done.

I've vastly improved the divergence detection algorithm and have added a few additional configurable properties and features. The Overlay indicator has been fixed and I've done what I could to make sure it refreshes properly when switching timeframes; however, you should switch the timeframe of the SubSymbol first.

Please let me know if any of you see anything strange or if you have any questions.
many thanks. Lucid, this will help me to test the system.

you said that was thinking in post the mq4 so people can trade using real money with confidence. Well, i think make this indicator is enough. I highly recomend to do not post the source. Maybe share it with senior members or with others you feel confortable. If you post the source, they will send it at ebay tomorrow.

BTW i am not a coder and don't want the mq4.


many thanks again.
  • #456
  • Sep 11, 2009 6:23pm Sep 11, 2009 6:23pm
Quoting giraia_br
many thanks. Lucid, this will help me to test the system.

you said that was thinking in post the mq4 so people can trade using real money with confidence. Well, i think make this indicator is enough. I highly recomend to do not post the source. Maybe share it with senior members or with others you feel confortable. If you post the source, they will send it at evay tomorrow.

BTW i am not a coder and don't want the mq4.


many thanks again.

Thanks for the advice. I will probably not be posting the source.

I hope you all enjoy the EA. I've been trying to perfect spike detection in many of my EA's. This algorithm is by far the best. It could use some optimization, but it won't miss a thing. Be careful with the SpikeMinPips, if it is set too large for a given timeframe and there are no spikes on the chart which meat the critera, the code will go through a lot of iterations trying to find them. It will finish, but may take 30-60 seconds (compared to much less than a second if there are plenty of spikes).
  • #457
  • Sep 11, 2009 6:56pm Sep 11, 2009 6:56pm
Oh, one more thing, don't set the SpikeMaxCandles to anything less than three. It takes at least three candles for a spike and I forgot to build in a check for that.
  • #458
  • Sep 11, 2009 7:22pm Sep 11, 2009 7:22pm
Quoting LucidObscuri
Oh, one more thing, don't set the SpikeMaxCandles to anything less than three. It takes at least three candles for a spike and I forgot to build in a check for that.
yesterday there was a signal 13:00 GMT on EURUSD. With SpikeMaxCandles set to 3, it will use 11:00, 12 and 13 GMT to give the signal or it will vie a signal only at 16:00 GMT?
  • #459
  • Sep 11, 2009 7:23pm Sep 11, 2009 7:23pm
Quoting LucidObscuri
Oh, one more thing, don't set the SpikeMaxCandles to anything less than three. It takes at least three candles for a spike and I forgot to build in a check for that.

Thanks for the great work that you have been doing.
I have placed the new overlay on the chart but get nothing showing.
If I put the previous overlay on the chart it shows

What could be the problem.

Thanks.

Bruce
  • #460
  • Edited 7:55pm Sep 11, 2009 7:41pm | Edited 7:55pm
Quoting giraia_br
yesterday there was a signal 13:00 GMT on EURUSD. With SpikeMaxCandles set to 3, it will use 11:00, 12 and 13 GMT to give the signal or it will vie a signal only at 16:00 GMT?

It does not validate the trade for you. You'll have to wait for the next candle which forms in the correct direction.

I'm only seeing two signals at 12:00 and 13:00 GMT on the 1H chart. The first would have lost and the second would have won (unless you actively managed the trade). You would have gotten signals at 13:00 and 14:00 GMT.

Edit: Sorry, I was looking at the 1H chart. Not the 15M.
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