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Attachments: The CARMEN System Indicator
Exit Attachments

The CARMEN System Indicator

  • #201
  • Nov 7, 2009 8:13pm Nov 7, 2009 8:13pm
Quoting opie999
You think? Because it resembles one of your dusty old ma indicators? aicccia and the other FF coders he's working with are all just trying to make a big joke on everyone?

Bugger the screenshot. I have a better idea. The source code has been generously made available for all to see. Why don't you have a quick look at it and return with proof that carmen is a step ma or "90% similar to it" (whatever that means).

Look man I dont care if its step ma, i dont care if you all here want make joking of each other, and i dont need to make fun of you or how you meant that, i only wrote, that indicator is similar to this one, i have attached here in this post. And i dont care if i have proof or if you want proof of something : D here you have indicator and screenshot with some basic settings, and do whatever you want with that indicator .....
Attached Image (click to enlarge)
Click to Enlarge Name: asfd.JPG Size: 68 KB
Attached File(s)
File Type: ex4 StepMA_v7.ex4   7 KB | 450 downloads
File Type: mq4 StepMA_v7.mq4   6 KB | 511 downloads
Browsing forexfactory since 2006
  • #202
  • Nov 7, 2009 9:59pm Nov 7, 2009 9:59pm
Quoting logical
Aicccia

In your first post you say that you do not use MAs anymore.

However upon closer inspection, your white line looks like a 4 day Close EMA.

Also, your blue and yellow lines look like open price of previous day (with a few pips buffer) which starts adjusting at Frankfurt Market Open.

Can you please elaborate more on this.

Logical.

I plotted on my chart and it looks like a 3EMA on close. i would love to get some insights on the total system....on the calculation
  • #203
  • Nov 7, 2009 10:23pm Nov 7, 2009 10:23pm
Quoting TheFutureAce
I plotted on my chart and it looks like a 3EMA on close. i would love to get some insights on the total system....on the calculation
The source code is published already. What do you mean?


To aicccia!

Can you please check the first page with the latest version of the indicator. There seems to be a download problem. I could only load an FF attachment, which was not to open by any program.
Thanks
/ ... clarifying decisions ... /
  • #204
  • Nov 7, 2009 10:42pm Nov 7, 2009 10:42pm
Quoting rtx
Look man I dont care if its step ma, i dont care if you all here want make joking of each other, and i dont need to make fun of you or how you meant that, i only wrote, that indicator is similar to this one, i have attached here in this post. And i dont care if i have proof or if you want proof of something : D here you have indicator and screenshot with some basic settings, and do whatever you want with that indicator .....
Thanks for the clarification.

The carmen indi is not a step ma but I can understand how someone could mistake it for one on first glance.
  • #205
  • Nov 7, 2009 11:28pm Nov 7, 2009 11:28pm
Quoting TheFutureAce
I plotted on my chart and it looks like a 3EMA on close. i would love to get some insights on the total system....on the calculation
The white line is definitely a 3-period EMA close. There obviously has to be a way to track price and it appears this is the method aicccia chose. There are also several calculations that use this value (AverageFX) so it's doing a lot more than simply drawing the white line.
  • #206
  • Edited 4:13am Nov 8, 2009 1:39am | Edited 4:13am
Quoting rtx
Look man I dont care if its step ma, i dont care if you all here want make joking of each other, and i dont need to make fun of you or how you meant that, i only wrote, that indicator is similar to this one, i have attached here in this post. And i dont care if i have proof or if you want proof of something : D here you have indicator and screenshot with some basic settings, and do whatever you want with that indicator .....
yeah they def seem similar.

but v3.00 won't be similar. you can bet your life on it.

and it will kick v2.01's ass.
  • #207
  • Nov 8, 2009 2:53am Nov 8, 2009 2:53am
@walb99:
Had the same problem.
Download it ( the so named attachment ) and rename it to
Carmen.....( original indicator name )
Than it works.....
  • #208
  • Nov 8, 2009 3:03am Nov 8, 2009 3:03am
Quoting aicccia
yeah they def seem similar.

and it will kick v2.01's ass.

we're waiting for....
  • #209
  • Nov 8, 2009 4:41am Nov 8, 2009 4:41am
Quoting chievo11
@walb99:
Had the same problem.
Download it ( the so named attachment ) and rename it to
Carmen.....( original indicator name )
Than it works.....
Thank you!!!
/ ... clarifying decisions ... /
  • #210
  • Nov 8, 2009 11:29am Nov 8, 2009 11:29am
I went back the past 3 weeks looking at every trade on the 1min and 5min e/u using both version 1 and the latest version. The always in method was not profitable at all. The only way I could come up with a net profit was taking a set amount of pips, which was approx 50pips if I remember right. Anyway the profit after about 20 days trading averaged about 10 pips per day when all was said and done. The losing trades were always 20 to 40 pips and happened way too often if held until another cross. Even trying to take a set amount of pips was difficult because even though I could show approx 53 wins and 7 losses, (trades that were in profit at some point) those 7 losses (trades that never went into profit of more then 2 or 3 pips) created were enough to put a huge dent in the profit. Mainly because there is NO way to know when to take profit and when to let it run. If we knew that answer, we would all be zillioinairs. Of course I never took into account for news or major s/r. I was strickly looking at mechanical trading only.
  • #211
  • Nov 8, 2009 11:45am Nov 8, 2009 11:45am
Quoting todd960960
I went back the past 3 weeks looking at every trade on the 1min and 5min e/u using both version 1 and the latest version. The always in method was not profitable at all. The only way I could come up with a net profit was taking a set amount of pips, which was approx 50pips if I remember right. Anyway the profit after about 20 days trading averaged about 10 pips per day when all was said and done. The losing trades were always 20 to 40 pips and happened way too often if held until another cross. Even trying to take a set amount of pips was difficult...
thanks for the info.
  • #212
  • Nov 8, 2009 11:50am Nov 8, 2009 11:50am
Quoting todd960960
I went back the past 3 weeks looking at every trade on the 1min and 5min e/u using both version 1 and the latest version. The always in method was not profitable at all. The only way I could come up with a net profit was taking a set amount of pips, which was approx 50pips if I remember right. Anyway the profit after about 20 days trading averaged about 10 pips per day when all was said and done. The losing trades were always 20 to 40 pips and happened way too often if held until another cross. Even trying to take a set amount of pips was difficult...
Are you using the default settings? After I fine tuned space3 and expand_rate3 to work with EJ M5, my results (using v2.01 only) have been quite respectable.
  • #213
  • Nov 8, 2009 12:00pm Nov 8, 2009 12:00pm
I used default and I tried different settings. Maybe it's just EU that's more of a dog at times.

opie999 how far back did you test your settings?

Looking forward to testing V3.

thx,
todd

Quoting opie999
Are you using the default settings? After I fine tuned space3 and expand_rate3 to work with EJ M5, my results (using v2.01 only) have been quite respectable.
  • #214
  • Nov 8, 2009 6:57pm Nov 8, 2009 6:57pm
Quoting todd960960
I used default and I tried different settings. Maybe it's just EU that's more of a dog at times.
todd, try space3 = 4.0 and expand_rate3 = 35.0 That seems to work best for me on EJ/M5.

Quoting todd960960
opie999 how far back did you test your settings?

Looking forward to testing V3.

thx,
todd
I've only gone back about 2 1/2 months. Tiny span of time, I admit, but we've seen a wide variety of market conditions. It's very obvious (as aicccia has made clear) that carmen kicks butt in trends and does a fair job of minimizing losses during ranges. I hope V3 has the self adjusting algos aicccia was talking about that may turn the small losses during ranges into wins.
  • #215
  • Nov 8, 2009 7:26pm Nov 8, 2009 7:26pm
I've been having a bit of fun experimenting with putting the indicator on the same chart twice (GBP/USD) and have done pretty well with it. I haven't come to any conclusions and have to test it further. The first indicator is set to recommended specs and the second is set to Space = 1 and Expand rate = 2.5. I change the colors on the second indicatorand only use a single SMA (3). Sometimes I offset the SMA with a 1 or 2. So far it gives pretty good signals.

With all the intelligence and expertise that is reading this thread I thought I'd mention this and see what develops in the way of an improvement of Carmen's eyes. There is no question in my mind that in order to be of maximum use an EA will have to be developed and since I know more about brain surgery than MT4 programming (I know nothing about brain surgery) my main contribution to this thread is to toss in an idea or two and see where they go.

One other thought....In order to better visualize the effectiveness of the indicator I block out the price bars and strictly watch the indicator and MA. I also forgot to mention I'm using a 15M timeframe.
  • #216
  • Nov 9, 2009 2:26am Nov 9, 2009 2:26am
Seems to have very good entries, but need a better ( profitable ) exit strategy.....
  • #217
  • Nov 9, 2009 3:17am Nov 9, 2009 3:17am
Like most systems do.....
  • #218
  • Nov 9, 2009 4:54am Nov 9, 2009 4:54am
Quoting chievo11
Seems to have very good entries, but need a better ( profitable ) exit strategy.....
On this subject, I made a discovery regarding a better way to take profit with the system . I'll put in a more detailed explanation of why it works with pics later but the crux is...

The default values for expand_rate so far have always started small and then become larger.

This is intuitive because we instinctively want to breakeven asap, but it's the completely wrong way to go.

expand_rate instead should always start large and get smaller, like this:


Inserted Code
extern string SetOne="**********************Set_One_Settings***************";  
extern double space1=1;                         
[b]extern double expand_rate1=75;[/b]
extern string SetTwo="**********************Set_Two_Settings***************"; 
extern double start_at_pips_profit2=50;
extern double space2=2;
[b]extern double expand_rate2=40;[/b]
extern string SetThree="**********************Set_Three_Settings***********";
extern double start_at_pips_profit3=100;
extern double space3=1;
[b]extern double expand_rate3=20;[/b]

Try it and you'll see the difference. At least it makes a big difference on v3.00. lol My personal life got a little busy suddenly so I haven't had time to complete it yet.
  • #219
  • Nov 9, 2009 6:07am Nov 9, 2009 6:07am
aiccia,
thank you for the updated inputs - they seem to really work very well on small tf as well. this is one terrrific concept you created. I can't wait for v3 which will be the icing on the cake. thanks once again for your generosity in sharing this with us.
traderdp
  • #220
  • Nov 9, 2009 6:56am Nov 9, 2009 6:56am
Thanks aicccia for sharing your hard work and creativity.
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