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Attachments: The CARMEN System Indicator
Exit Attachments

The CARMEN System Indicator

Quoting IllegalOps
ok, thanks. but how to enter and exit? do u mind if u can explain visually? thanks
Here you go.

I'm having some programming issues that are prevented me from completing the EA, which is needed to find the best settings. I'm getting some help from some much better programmers here on the forum so stand by on this at the moment.

Here are the visual open and close rules. Buy when the white line above both yellow and blue, sell when its below.

http://fiat-luxx.com/trading/conditions.gif
I just upload an incremental update, v2.01. You can get it on the first post.

The changes are:
- changed some internal variables to make the indicator a little better
- made some extern variables internal to simplify to the interface. if you want them back just change the source code.

The picture in the post above is with v2.01.

In ranging markets, the indicator should now be more prone to breaking even on trades rather than small losses. (Remember the profits come from the trends, in ranging markets we're just trying to keep the profits we made on the trends)

Also I'm thinking that the "thick block" idea at the beginning of a trade was not such a good idea, hence the default value of 1 for the variable that controls that.
Quoting walb99
Very studpid question, but here it is:

Why did you name this indicator "carmens eyes"?
The EA will be named Carmen.

Looking at the indicator, it's like we're looking through the EA's eyes, or Carmen's eyes. lol
Hi aicccia

Thanks for the latest version.

I just attach the indi on EU and using the default setting. Even though you already mentioned the setting is recommended for GU.

At first glimpse, I can see that the new version is much suitable to be use on M5 and above timeframe. It looks a bit edgy if using on M1.

Is my finding correct about the new version?

Thanks in advance

~profi~
~ Let the TRADES come to you - be a TRAPPER not a HUNTER ~
Quoting profi4554
Hi aicccia

Thanks for the latest version.

I just attach the indi on EU and using the default setting. Even though you already mentioned the setting is recommended for GU.

At first glimpse, I can see that the new version is much suitable to be use on M5 and above timeframe. It looks a bit edgy if using on M1.

Is my finding correct about the new version?

Thanks in advance

~profi~
yes it's possible, especially on eur/usd.
Quoting aicccia
yes it's very possible, especially on eur/usd.
do you think that it works on lower tf like 1m and 5m?
in the picture above you exited with the buffer of 1pip? i'm i right? we have not to set a SL or trail stop nope? we have to wait the white line cross and the system after a determinate pips (wich is that value?) change the deviaton and we will exit at wite cross that is exatly @+1pip?
i know, i'm wrong
but please explain
[quote=aicccia;3210587]I just upload an incremental update, v2.01. You can get it on the first post.

Thx for the great indicator.Im still using v1.3 but cant get the 2.01v into my metatrader.I think it needs to be compiled somehow but i have no clue how to do it.Could you or anybody else be so kind and post the compiled file,so that i can load it directly into the indicators folder.I would really appreciate that.

Cheers
Thanks again for the awesome indicator. That's all anyone needs to do is avoid taking a trade when your within 10-15 pips of a major d, m, w pivot point and your chance of raking in some pips are extremely high.

I've been testing the 1st version and this latest version with good results. I changed the settings on the 1st one so that the indicator follows more closely to the price and with no more then approx 20pip space between the blue and yellow line. I don't like when the price gets too far from the indicator because then it's too easy to give back profits.

thx,
todd
I tightened up the carmen v2 settings for the 5 minute charts and carmen's eyes act a bit more like the line in the youtube video that WilteredFire posted back on post #101.

space1 = 4.0
expand_rate1 = 10.0

start_at_pips_profit2 = 10
space2 = 2.0
expand_rate = 20.0

start_at_pips_profit3 = 30
space2 = 1.0
expand_rate = 45.0

I was playing with this last night and made decent profits on my demo account.

Attached is a chart illustrating an entry and exit/reversal
Attached Image (click to enlarge)
Click to Enlarge Name: mycarmensettings.jpg Size: 193 KB
Quoting aicccia
The EA will be named Carmen.

Looking at the indicator, it's like we're looking through the EA's eyes, or Carmen's eyes. lol
It takes me awhile but I'm finally beginning to see what you are creating here. I've been looking at it as a manual trading indicator on the rather low volitility EUR/USD. Between the post quoted above and using the indicator on the "cable" I got a revelation. I like your new version best and am currently experimenting with splitting trades. (Letting one trade operate according to the rules and taking profit on the other at what appear to be opportune moments i.e. S&R, crosses etc)
I can't wait to see your EA. I think it will be a blockbuster.
Even though it should be simple, I'm having some serious issues getting the EA to to follow the indicator lines. There some programmers from forexfactory looking at what may be causing the problem but if someone here has the skills to use icustom and wants to try making a simple EA for this indicator, please fill free to do so.

The main issue I have with this strategy is in ranging markets, the channel runs straight through the trend which is the worst place for it to be. Ideally, in ranging markets you want to stay out as much as possible, and just pick the tops and bottoms. My last major indicator did just that:

http://fiat-luxx.com/trading/chart1.gif

It's big drawback though was in a trending market, when the price dipped bellow the upper channel, it sometimes would stay in a sell even as the whole trend continued up. This was discussed in the above mentioned thread, it was an unacceptable problem to me and I moved on and from that indicator CARMEN was eventually born.

Now while CARMEN excels where my previous indicator had trouble, she now has problems, unacceptable problems to me, in ranging markets, which is where my previous indicator did splendidly.

So as you might guess, I'm currently trying to combine them into one. The finished product won't follow trends as well as CARMEN or perform in ranging markets as well my previous indicator, it will be a compromise of sorts.
It will do better in ranging markets than CARMEN and better in trends than my previous indicator.

The new indicator will be CARMEN v3.00.

And hopefully someone can make an EA for CARMEN 2.01 in the meantime.
Hi Aiccia,

very interesting your point,
but don't you think it would be better to search for the perfect set up with Carmen EA?

I saw in incredible potential inside of it, and many users I see are trying to optimize it with profit.

the power of finding the right trend is proceless, I think
even considering some minor losses in ranging markets.

just my 2cents

anyway, thanks again for your work.
still incredible to my eyes


Quoting aicccia
Even though it should be simple, I'm having some serious issues getting the EA to to follow the indicator lines. There some programmers from forexfactory looking at what may be causing the problem but if someone here has the skills to use icustom and wants to try making a simple EA for this indicator, please fill free to do so.

The main issue I have with this strategy is in ranging markets, the channel runs straight through the trend which is the worst place for it to be. Ideally, in ranging markets you want to stay out as much as possible, and...
just entered on usd/jpy i have to test it live.
could you set an alarm when white crosses blue?
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2009-11-05 a 19.50.39.png Size: 33 KB
Quoting pattinatore
just entered on usd/jpy i have to test it live.
could you set an alarm when white crosses blue?
maybe i'm luky..
wich would be the best setup for the 5'?
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2009-11-05 a 20.53.58.png Size: 28 KB
Quoting Nephtan
I tightened up the carmen v2 settings for the 5 minute charts and carmen's eyes act a bit more like the line in the youtube video that WilteredFire posted back on post #101.

space1 = 4.0
expand_rate1 = 10.0

start_at_pips_profit2 = 10
space2 = 2.0
expand_rate = 20.0

start_at_pips_profit3 = 10
space2 = 1.0
expand_rate = 45.0

I was playing with this last night and made decent profits on my demo account.

Attached is a chart illustrating an entry and exit/reversal
Thanks for taking the time to try and improve the settings and sharing it here with us. Thanks very much
Quoting WilteredFire
Thanks for taking the time to try and improve the settings and sharing it here with us. Thanks very much
I just edited my post. for start_at_pips_profit3 I posted a setting of 10. Should have been 30.
Quoting aicccia
yes it's possible, especially on eur/usd.
Please replace version 2 in mq4 format. Thanks
[quote=thecambist;3210908]
Quoting aicccia
I just upload an incremental update, v2.01. You can get it on the first post.

Thx for the great indicator.Im still using v1.3 but cant get the 2.01v into my metatrader.I think it needs to be compiled somehow but i have no clue how to do it.Could you or anybody else be so kind and post the compiled file,so that i can load it directly into the indicators folder.I would really appreciate that.

Cheers
sure thing, I just posted the compiled file on the first post.
Here is the EA that pops up an alert when a cross of upper or lower line occurs. You must have carmens_eyes_v2.01.ex4 in your indicators folder.

It does NOT trade. This EA just checks if the cross occurred on each new closed candle.

You can add the trading code in the EA, I do not have time for that right now.

Enjoy!

Edit: I added a sound to the alert.
Attached File(s)
File Type: mq4 Carmen_EA_Alert_Only.mq4   3 KB | 552 downloads
Quoting hotstorm
Here is the EA that pops up an alert when a cross of upper or lower line occurs. You must have carmens_eyes_v2.01.ex4 in your indicators folder.

It does NOT trade. This EA just checks if the cross occurred on each new closed candle.

You can add the trading code in the EA, I do not have time for that right now.

Enjoy!
Thanks for the alert indicator...but according to the EA, it shows the blue line as: 1.4868, but the actual blue line is at: 1.4874.
Attached Image (click to enlarge)
Click to Enlarge Name: carmen.jpg Size: 47 KB
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