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The Price Action 'Anomaly'

  • #101
  • Edited 2:56pm Sep 24, 2009 7:27am | Edited 2:56pm
Just noticed this, will have to keep an eye on it today.
Seems Price action indi may work on renko charts too, when wicks are turned on.
This may give an early warning when trend is about to change or at least help me stay in a winner as long as possible.
Will see...........


I accidental attached one of my c4/nitro templates to a regular candle stick chart & was kind of surprised at what I saw.
I have to hand it to dxtrade's indis, if you filter out the bad signals with momentum or whatever they are pretty darn accurate.
Please excuse my French CatPreacher.

PS: Last screen shot added begs the question, " Is this the simplest method you've ever seen?".
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  • #102
  • Sep 27, 2009 11:06pm Sep 27, 2009 11:06pm
I kind of rediscovered some HA ea's this weekend and being impressed with their back test results trying to understand what makes them tick so as to apply that knowledge to my manual trading systems.
Not sure I fully understand how to use ATR yet even though I've been exposed to if for a while now. I know CatPreatcher early on introduced some ATR indis which I was having trouble viewing the ATR ratio one so didn't learn to use it yet.
Was wondering if he stops by here one day this week if he or someone else might explain it's role better. Maybe even with a few demo trades screen shots taken just using it, if possible.
I think that from the description of it in MT4 help file it kind of says that the higher it goes the more likely you are to see a trend change in the works soon.
The lower it is the, the more likely the trend will continue?
Think that would be very useful in most any trend or counter trend trading method, if it works most of the time.

Below is what the MT4 help file says about this indi:
Average True Range
Average True Range Technical Indicator (ATR) is an indicator that shows volatility of the market. It was introduced by Welles Wilder in his book "New concepts in technical trading systems". This indicator has been used as a component of numerous other indicators and trading systems ever since.

Average True Range can often reach a high value at the bottom of the market after a sheer fall in prices occasioned by panic selling. Low values of the indicator are typical for the periods of sideways movement of long duration which happen at the top of the market and during consolidation. Average True Range can be interpreted according to the same principles as other volatility indicators. The principle of forecasting based on this indicator can be worded the following way: the higher the value of the indicator, the higher the probability of a trend change; the lower the indicator’s value, the weaker the trend’s movement is.

Calculation
True Range is the greatest of the following three values:

difference between the current maximum and minimum (high and low);

difference between the previous closing price and the current maximum;

difference between the previous closing price and the current minimum.

The indicator of Average True Range is a moving average of values of the true range.
------------
So if this indi is near the top & heading down isn't it likely the price will follow it down sooner or later?

Like wise if it's near the bottom & heading up should I prepare to go long?

Or should it not be used this way at all?

later,
45
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  • #103
  • Oct 6, 2009 4:09am Oct 6, 2009 4:09am
Need Help!
I've started a new thread. I'm trying to find &/or further develop an existing ea to work much better on renko charts. And not closed to the idea of adding indis existing renko systems etc to improve upon pre-existing mechanical ones.
Please visit it here, & post your ideas &/or comments:
http://www.forexfactory.com/showthread.php?t=200152
  • #104
  • Dec 20, 2009 10:41am Dec 20, 2009 10:41am
Basket attempt
- CCY G6 weighted.
-Fisherized Vigor triggering (cycle derived//Xxx)
-Self adapting taker
-Order proxy HH+CH+HC+CC//

http://www.forexfactory.com/showthread.php?t=132537
Attached File(s)
File Type: ex4 Basket RSI.ex4   18 KB | 528 downloads
File Type: pdf vega.pdf   428 KB | 679 downloads
  • #105
  • Dec 20, 2009 12:36pm Dec 20, 2009 12:36pm
The Fed's own variation.
Attached File(s)
File Type: pdf ifdp830r.pdf   411 KB | 1,303 downloads
  • #106
  • Dec 21, 2009 2:07am Dec 21, 2009 2:07am
Quoting jacson101
Basket attempt
- CCY G6 weighted.
-Fisherized Vigor triggering (cycle derived//Xxx)
-Self adapting taker
-Order proxy HH+CH+HC+CC//

http://www.forexfactory.com/showthread.php?t=132537
Hi jacson101,
I started reading the thread both the pdf file & thread you posted. It does seem like a complicated trading approach, & was wondering if you've been using it a while now & how it's been working out for you?
Can you simplify and summarize how it works & what the advantages & disadvantageous the system offers in particular how to best use the indi you posted?
You have the mq4 file & a template you can post?
  • #107
  • Dec 21, 2009 2:32am Dec 21, 2009 2:32am
Quoting jacson101
Basket attempt
- CCY G6 weighted.
-Fisherized Vigor triggering (cycle derived//Xxx)
-Self adapting taker
-Order proxy HH+CH+HC+CC//

http://www.forexfactory.com/showthread.php?t=132537
I have a blank window with this indi, do you know of any other indis it may need to work?
  • #108
  • Dec 21, 2009 2:38am Dec 21, 2009 2:38am
http://www.forexfactory.com/showthread.php?t=123284

Basket trading systems seem to becoming more popular everyday.
  • #109
  • Dec 21, 2009 9:36am Dec 21, 2009 9:36am
Quoting 45Fxguy
Hi jacson101,
I started reading the thread both the pdf file & thread you posted. It does seem like a complicated trading approach, & was wondering if you've been using it a while now & how it's been working out for you?
Can you simplify and summarize how it works & what the advantages & disadvantageous the system offers in particular how to best use the indi you posted?
You have the mq4 file & a template you can post?

Merry Christmas 45,
No it's not a difficult way to trade, quite possibly the opposite.
The indicator weighs a basic RSi formula for a basket of currencies.
Specifically G5 (EURO, Sterling, US Dollar, Yen and the Franc) and will only work on this basket.

Pull up a M15 chart of a Euro/ccy (pairing).
All it does is give an accurate representation of whether the Euro is being bid( bought) or offered( sold).

I've seen correlation strategies, Intervention robots as well as sophisticated dashboards.
Just wanted to post an interpretation that I can understand.

All this indi does is give a basket rsi reading. If the reading is "green" than that currency is actually being bought across the basket formula and conversely for red.
I still have no way of knowing whether a) price action is covering or b) profit taking.
  • #110
  • Dec 21, 2009 10:19am Dec 21, 2009 10:19am
Merry Christmas & Happy New Year to you too.

I'd like to try the basket RSI indi you posted but I still don't see anything in it's window.

Any ideas of what may be wrong with it?

Anyone else that downloaded the indi having the same problem?
  • #111
  • Edited 11:00am Dec 21, 2009 10:35am | Edited 11:00am
Not a clue. Works fine over here. PM me and I can fire off the .mq4.
The framework is not mine, the algorithm is.

My trading floor is be a bit busy today with year end re val.
So give me some time to solve technical issues.

Two ways to trade this:

Trade the basket momentum as soon as it turns a certain color.
Or fade the momentum, both work well.
Two whitepapers for study on whether to trade with momentum or against it, both work.
I'll show some examples of a one bar straddle later, both ways.

Cheers.
Attached File(s)
File Type: pdf FadingMomentum2006.pdf   235 KB | 951 downloads
File Type: pdf CPQF_Arbeits20.pdf   883 KB | 2,888 downloads
  • #112
  • Dec 21, 2009 3:52pm Dec 21, 2009 3:52pm
I just had a chance to pull up my subscriptions and saw your pdfs. Haven't had a chance to peruse them yet. Hope to be able to do it over the holidays. Still very busy. Would like to spend more time on Forex.

Wishing you both a very Merry Christmas and a happy new year.

Best wishes,

Cat Preacher

Quoting jacson101
Not a clue. Works fine over here. PM me and I can fire off the .mq4.
The framework is not mine, the algorithm is.

My trading floor is be a bit busy today with year end re val.
So give me some time to solve technical issues.

Two ways to trade this:

Trade the basket momentum as soon as it turns a certain color.
Or fade the momentum, both work well.
Two whitepapers for study on whether to trade with momentum or against it, both work.
I'll show some examples of a one bar straddle later, both ways.

Cheers.
  • #113
  • Dec 21, 2009 5:39pm Dec 21, 2009 5:39pm
Quoting CatPreacher
I just had a chance to pull up my subscriptions and saw your pdfs. Haven't had a chance to peruse them yet. Hope to be able to do it over the holidays. Still very busy. Would like to spend more time on Forex.

Wishing you both a very Merry Christmas and a happy new year.

Best wishes,

Cat Preacher

  • #114
  • Dec 21, 2009 5:42pm Dec 21, 2009 5:42pm
Euro/USD
M15
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  • #115
  • Edited 10:38am Dec 22, 2009 9:47am | Edited 10:38am
Quoting jacson101
Euro/USD
M15

Are you using the Basket RSI indi here or is this just pure PA stuff?

I had to change demo brokers last night, guess I can try you indi again with new demo broker today.

I sent you pm already , I didn't see your new reply back yet.

Yes,
CatPreacher, welcome back, & thank you.
Wishing your family also very Merry Christmas & Happy New Year! too....
I think I see lots of pips ahead for all in 2010.... esp for those that read this thread....
  • #116
  • Dec 22, 2009 1:14pm Dec 22, 2009 1:14pm
Quoting 45Fxguy
Are you using the Basket RSI indi here or is this just pure PA stuff?

I had to change demo brokers last night, guess I can try you indi again with new demo broker today.

I sent you pm already , I didn't see your new reply back yet.

Yes,
CatPreacher, welcome back, & thank you.
Wishing your family also very Merry Christmas & Happy New Year! too....
I think I see lots of pips ahead for all in 2010.... esp for those that read this thread....
45,
Good on you!
I sent you an email yesterday.
Remember, these are only tools for trading. You alone have to quantify and test whether they fit your style, risk thresholds etc.
A specific system of tools that works for you may not work for anyone else.
One thing I can share is, trading is easier when it is almost effortless.
  • #117
  • Dec 22, 2009 1:56pm Dec 22, 2009 1:56pm
Thanks Jacson101,
I got it, not sure my old pc under 2kghz can keep up with that indi though, I think it's maxing out cpu to 100%. If I'm able to use it, what pair/crosses do you recommend it for, and which ones should I stay away from?
  • #118
  • Dec 24, 2009 3:30pm Dec 24, 2009 3:30pm
Quoting 45Fxguy
Thanks Jacson101,
I got it, not sure my old pc under 2kghz can keep up with that indi though, I think it's maxing out cpu to 100%. If I'm able to use it, what pair/crosses do you recommend it for, and which ones should I stay away from?
Rsi is only a weighting of a couple ema's, shouldn't be that cpu intensive.
I like the euro ccy's. But each of the G5 have their own characteristics like vol.
I don't trade the CHF anymore,anywhere.
I've got a love/hate relationship with central banks.

So, for the euro pairings I'm equaling weighing the Euro basket rsi in this fashion..

Basket RSI= (Func) Eur/CCY( -EUR/-CCYx)(EUR/JPYx)(EUR/CHFx)(EUR/USDx)/x (rsi).

I started this thread as an informal study in where stops are placed. Now it's the other side of the order board, limit orders, and how these are being placed.

Some further reading over the holiday's.
Thanks.
Attached File(s)
File Type: pdf SSRN-id968237.pdf   180 KB | 745 downloads
File Type: pdf Rajesh_Thesis.pdf   1.2 MB | 1,108 downloads
  • #119
  • Dec 24, 2009 5:20pm Dec 24, 2009 5:20pm
Quoting jacson101
Rsi is only a weighting of a couple ema's, shouldn't be that cpu intensive.
I like the euro ccy's. But each of the G5 have their own characteristics like vol.
I don't trade the CHF anymore,anywhere.
I've got a love/hate relationship with central banks.

So, for the euro pairings I'm equaling weighing the Euro basket rsi in this fashion..

Basket RSI= (Func) Eur/CCY( -EUR/-CCYx)(EUR/JPYx)(EUR/CHFx)(EUR/USDx)/x (rsi).

I started this thread as an informal study in where stops are placed. Now it's the other side of the order board, limit orders,...
Gee, thanks for the holiday read.... I'll grab the glasses, :nerd: lol
So I take it that anything with eur in front is fair game with this indi?
Thanks a lot... A lot of the pdf files you post are wordy, sound complicated, not to mention very long winded.
Appreciate you making that kind of info much easier to understand for all us non Dr level traders.
You still use those pa red stars etc?
Or can you pretty much spot all the PA without it now?
  • #120
  • Dec 24, 2009 6:29pm Dec 24, 2009 6:29pm
Quoting 45Fxguy
Gee, thanks for the holiday read.... I'll grab the glasses, :nerd: lol
So I take it that anything with eur in front is fair game with this indi?
Thanks a lot... A lot of the pdf files you post are wordy, sound complicated, not to mention very long winded.
Appreciate you making that kind of info much easier to understand for all us non Dr level traders.
You still use those pa red stars etc?
Or can you pretty much spot all the PA without it now?
Lol,
the heck with the PA Stars, I don't even use mt4.
Those white papers aren't for everyone that's for sure.
I'm definitely no math PHD either but, have of recent years worked very closely with a team of them.
Funny how the prof's from school follow me all over the place.
..still telling me "where the risk may lay" or is it a risk of a may-lay,lol.
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