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Attachments: The CARMEN System Indicator
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The CARMEN System Indicator

  • #141
  • Nov 6, 2009 6:09am Nov 6, 2009 6:09am
Quoting candletrader
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.
It looks ok in my MT4. Make sure you have default settings in your indicator. The settings in the EA are copied defaults from 2.01 version.

I changed the timeframe to M1 just to make sure, but it looks ok there too (second image)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: carmen_ea_alert.jpg Size: 66 KB
Click to Enlarge Name: carmen_ea_alert1.jpg Size: 38 KB
  • #142
  • Nov 6, 2009 6:26am Nov 6, 2009 6:26am
Thanks hotstorm...recompiled the indicator, with default setting, and it looks ok now.
  • #143
  • Nov 6, 2009 6:31am Nov 6, 2009 6:31am
Great indicator aicccia...I am testing it on M1 timeframe with the default setting.

Just a quick question: Let's say, I just openned up my MT4 platform, and want to initiate a new position....I see the white line just crossed above the blue line...time to go long at the market (as it shown in the attached)...correct?
Attached Image (click to enlarge)
Click to Enlarge Name: carmen_long.jpg Size: 23 KB
  • #144
  • Nov 6, 2009 6:52am Nov 6, 2009 6:52am
Quoting candletrader
Thanks hotstorm...recompiled the indicator, with default setting, and it looks ok now.
You can redownload the EA with alert, I updated it to include the sound with the alert.
  • #145
  • Nov 6, 2009 7:26am Nov 6, 2009 7:26am
Quoting hotstorm
You can redownload the EA with alert, I updated it to include the sound with the alert.
I am glad we have an alert now. I am unable to be by my PC because of my job. Can someone possibly add an email alert to this? Then I can have them sent to my phone and can trade via my phone from work.

Maybe a simple alert which indicates the pair, price and BUY or SELL.

I would do this myself, but I am not a programmer.

Thanks to anyone who can help with this!

SirWolf
Believe and Achieve!
  • #146
  • Nov 6, 2009 7:27am Nov 6, 2009 7:27am
Did you get the short alert on eurusd? I didn't get it!

Also with unemployment claim coming up shortly, I don't think taking the short trade is a right trade to make...
Attached Image (click to enlarge)
Click to Enlarge Name: carmen_short.jpg Size: 42 KB
  • #147
  • Nov 6, 2009 7:30am Nov 6, 2009 7:30am
Quoting candletrader
Did you get the short alert on eurusd? I didn't get it!

Also with unemployment claim coming up shortly, I don't think taking the short trade is a right trade to make...
No, I also did not get the alert triggered. Strange, I must double check the code... sorry, it should be working.
  • #148
  • Edited 8:10am Nov 6, 2009 7:52am | Edited 8:10am
Quoting candletrader
Did you get the short alert on eurusd? I didn't get it!

Also with unemployment claim coming up shortly, I don't think taking the short trade is a right trade to make...
I changed the condition from this

if(CarmenAverageCurrent>CarmenUpperCurrent && CarmenAveragePrevious<CarmenUpperPrevious)

to this

if(CarmenAverageCurrent>=CarmenUpperCurrent && CarmenAveragePrevious<=CarmenUpperPrevious)

I was zooming the chart and it looks like the value of the yellow and white line were equal, so the condition was not fulfilled.

I mean the condition was to trigger alert if previous value was above (greater) the yellow and current is below (smaller). But if the previous value was equal, then the condition was not true. I think it was that. I reuploaded new version. I hope it will work correctly now.
  • #149
  • Nov 6, 2009 8:01am Nov 6, 2009 8:01am
The reuploaded version is in previous post.. or forgot to attach?
  • #150
  • Nov 6, 2009 8:02am Nov 6, 2009 8:02am
Thanks hotstorm...will give it a try.

Looks like the short signal from carmen is holding very well. This was a good test to see how carmen behaves during news time.
Attached Image
  • #151
  • Nov 6, 2009 8:34am Nov 6, 2009 8:34am
aicccia,

nice system, I like the idea of making the EA adaptive to market conditions... I'm trying to do this withsome of my current EA's and am mostly basing it on ATR and CCI... PM me your thoughts and ideas or just post em here, I'd like to help with this development.

Cheers
  • #152
  • Nov 6, 2009 9:40am Nov 6, 2009 9:40am
Quoting candletrader
Thanks hotstorm...will give it a try.

Looks like the short signal from carmen is holding very well. This was a good test to see how carmen behaves during news time.
I was watching it live and it looks like the indi repaints so it does not trigger alerts in the EA everytime we see a cross on the screen. Maybe aicccia could look into this....
  • #153
  • Nov 6, 2009 9:58am Nov 6, 2009 9:58am
Quoting hotstorm
I was watching it live and it looks like the indi repaints so it does not trigger alerts in the EA everytime we see a cross on the screen. Maybe aicccia could look into this....
Thank you hotstorm for the alert EA.

One of the experienced programmers that I submitted it to said he thought it was re-painting also.

If it truly is, I promise its not designed to and its only another example of my poor coding.

Anyway, I believe I know what may be causing the repainting and I'm doing my utmost to avoid it in v3.00

But I love the collaberation, seriously.

If anyone wants to look into it, I believe the re-painting would be coming from the profit value and profitx value getting reset somehow. They shouldn't get reset till the trade is closed.
  • #154
  • Nov 6, 2009 10:31am Nov 6, 2009 10:31am
I took the e/u 1min just a short time ago. Had to ride out a few bumps but stuck with it. Decided to not stay in the trade until another cross. I think taking profits and scaling out of your positions is better management imo. Although I did bail early.

Grabbed 1/3 +8
1/3 +9
1/3 +12
  • #155
  • Nov 6, 2009 10:32am Nov 6, 2009 10:32am
Quoting todd960960
I took the e/u 1min just a short time ago. Had to ride out a few bumps but stuck with it. Decided to not stay in the trade until another cross. I think taking profits and scaling out of your positions is better management imo. Although I did bail early.

Grabbed 1/3 +8
1/3 +9
1/3 +12
Ooops forgot to add the chart
Attached Image (click to enlarge)
Click to Enlarge Name: 1min chart.gif Size: 8 KB
  • #156
  • Nov 6, 2009 10:43am Nov 6, 2009 10:43am
Hi todd,

interesting

but I insist,
how it would be taking it only with trailing stop sets at 15 and stop loss at20or30or40?

better or worse?
  • #157
  • Nov 6, 2009 10:56am Nov 6, 2009 10:56am
Guess I havn't noticed any repainting issues that would cause me any concern. I've been putting arrows on my charts where the crosses happen and refresh my charts a couple hours later and there's been no repainting in the crosses. Except one time when the cross happened when the market was very quiet and my candles were only about 3 pips in length.

This method/system gets me into trades a bit late compared to my other method I use. But this type of system is very attractive because it's pretty much just enter on the cross and don't think much about anything else, and it feels real good when it's a successful trade. But imo you just can't blindly enter these trades without looking at where the s/r levels are.

If someone could ever come up with an EA that would avoid taking trades that were within 10-15 pips of pivot points, I think it would be one heck of an EA. That's one reason why I never use them. They just can't seem to know where support and resistance is.

thx,
todd
  • #158
  • Nov 6, 2009 10:59am Nov 6, 2009 10:59am
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 = 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
You may want to consider tweaking slightly the expand_rate3 setting. Looking closely at your chart below, you would have been stopped out with a small loss if you had been adhering strictly to the rules (as I understand them from aicccia's explanations). Not a big deal as you would have made it back with the next short trade.
Attached Image
  • #159
  • Nov 6, 2009 11:01am Nov 6, 2009 11:01am
iopoipoi I don't use and actual stop loss except for protection. That 50 pip stop you see in the manager is just that, protection. My stops are always an indicator signal which usually average not much more then 20 pips.

Otherwise my trailing stops are after 10 pips the stop moves to +1. Then after 30 pips it moves to +10. Assuming I let it run that far.

thx,
todd

Quoting iopoipoi
Hi todd,

interesting

but I insist,
how it would be taking it only with trailing stop sets at 15 and stop loss at20or30or40?

better or worse?
  • #160
  • Nov 6, 2009 11:17am Nov 6, 2009 11:17am
Thanks todd for your explaination,

I am considering trailing stop 'cause of the power of catching trends has carmen; even considering the losses due in ranging market, with trailing stop I think you could find a mid term point to close in profit, avoiding the distance carmen has from price action that would close the trade in break even or little gain/loss.








Quoting todd960960
iopoipoi I don't use and actual stop loss except for protection. That 50 pip stop you see in the manager is just that, protection. My stops are always an indicator signal which usually average not much more then 20 pips.

Otherwise my trailing stops are after 10 pips the stop moves to +1. Then after 30 pips it moves to +10. Assuming I let it run that far.

thx,
todd
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