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Attachments: The CARMEN System Indicator
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The CARMEN System Indicator

  • #241
  • Nov 11, 2009 10:49am Nov 11, 2009 10:49am
aicccia,

looks the same on my screen.
Have two red and blue and a yellow line now.
The blue and red seems to be mirrored bout the yellow line ??
Can you explain how it works now... ?
  • #242
  • Nov 11, 2009 10:51am Nov 11, 2009 10:51am
Quoting chievo11
aicccia,

looks the same on my screen.
Have two red and blue and a yellow line now.
The blue and red seems to be mirrored bout the yellow line ??
Can you explain how it works now... ?
It's all on the first post. Look at the picture.
  • #243
  • Nov 11, 2009 10:55am Nov 11, 2009 10:55am
Is this correct?

Upper Channel

When the 3EMA crosses above the upper blue line, you buy.
When the 3EMA falls below the upper red line, you close you buy and open a sell.

Lower Channel

When the 3EMA falls below the lower blue line, sell.
When the 3EMA then rises above the red line, you close the sell and open a buy.
  • #244
  • Nov 11, 2009 11:00am Nov 11, 2009 11:00am
I had no problems with any of the previous versions. Can't figure out why I can't get this one to show up on the chart. I use a 4 digit broker.......

thx,
todd
  • #245
  • Nov 11, 2009 11:06am Nov 11, 2009 11:06am
Quoting todd960960
Same here. It does such a good job not re-painting, that it doesn't even show up on the chart.

thx,
todd

loading just fine...and you have been up to things in your lab, aicccia!

Now to put your girl to the test-driving.

Thank you, sir.

Ron
  • #246
  • Nov 11, 2009 11:07am Nov 11, 2009 11:07am
Quoting Jaula
Is this correct?

Upper Channel

When the 3EMA crosses above the upper blue line, you buy.
When the 3EMA falls below the upper red line, you close you buy and open a sell.

Lower Channel

When the 3EMA falls below the lower blue line, sell.
When the 3EMA then rises above the red line, you close the sell and open a buy.
Yes, that is correct.
  • #247
  • Nov 11, 2009 11:20am Nov 11, 2009 11:20am
Seems to work best on the 30 minute time frame? What do you guys think?
  • #248
  • Nov 11, 2009 11:27am Nov 11, 2009 11:27am
Anyone else not able to see the indicator on the chart?

thx,
todd
  • #249
  • Nov 11, 2009 11:29am Nov 11, 2009 11:29am
Quoting todd960960
Anyone else not able to see the indicator on the chart?

thx,
todd
try re-downloading it
  • #250
  • Nov 11, 2009 11:31am Nov 11, 2009 11:31am
Quoting todd960960
Anyone else not able to see the indicator on the chart?

thx,
todd
Todd, I could not get it to show on M1, but fine on all other TFs.

Also, perhaps try right-click on it in the list of Custom Indicators,
and then "Modify"...and then right-click in upper area that appears,
and click "Compile".

RR
  • #251
  • Nov 11, 2009 11:39am Nov 11, 2009 11:39am
Jaula...
I have been using the v2.01 set on default and have seen that it is applicable to all TF's...
Also, using it this way I've used it for re-entry into market after an intial cross of Carmen...only taking Longs above or Shorts below and then using PA to dictate how long I my hold the position...
Stop Loss is between 20-30 pips depending on the TF...
Seems to be great on the 5m for scalping this way...
Have included a screen shot of how I am using this on my live account...
Today so far, +44 pips...
Hope this helps those looking to work with this indy...
Trade well...
Cliff

Quoting Jaula
Seems to work best on the 30 minute time frame? What do you guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.gif Size: 82 KB
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  • #252
  • Nov 11, 2009 11:40am Nov 11, 2009 11:40am
Yeah some of the pairs like EU is in uptrend, so

cannot see lower bands at all, barely see Middle Yellow line

around 1.47/EURO area. Too far back and away from action

And that's 1H TF you'll see none of it on any faster TF. ?
Attached Image (click to enlarge)
Click to Enlarge Name: carmen_eur.jpg Size: 108 KB
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  • #253
  • Nov 11, 2009 11:48am Nov 11, 2009 11:48am
If you change the base period to a lower period, then it brings both channels much closer to the base line (yellow line).

Quoting SkyzerFX
Yeah some of the pairs like EU is in uptrend, so

cannot see lower bands at all, barely see Middle Yellow line

around 1.47/EURO area. Too far back and away from action

And that's 1H TF you'll see none of it on any faster TF. ?
  • #254
  • Nov 11, 2009 12:00pm Nov 11, 2009 12:00pm
Quoting cce
Jaula...
I have been using the v2.01 set on default and have seen that it is applicable to all TF's...
Also, using it this way I've used it for re-entry into market after an intial cross of Carmen...only taking Longs above or Shorts below and then using PA to dictate how long I my hold the position...
Stop Loss is between 20-30 pips depending on the TF...
Seems to be great on the 5m for scalping this way...
Have included a screen shot of how I am using this on my live account...
Today so far, +44 pips...
Hope this helps those looking to work with...
So your entries are at the carmen cross and for re entry's at the stoch OB/OS levels and cross?

Thanks,
revrobwimb
  • #255
  • Nov 11, 2009 12:05pm Nov 11, 2009 12:05pm
Quoting todd960960
If you change the base period to a lower period, then it brings both channels much closer to the base line (yellow line).
Ok thanks, I see.. What this 1296 number represents? Hours?

Days?

I set it to 400 now looks better.. What is the reasonable number for 5M TF

you think?
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  • #256
  • Nov 11, 2009 12:12pm Nov 11, 2009 12:12pm
Quoting SkyzerFX
Ok thanks, I see.. What this 1296 number represents? Hours?

Days?

I set it to 400 now looks better.. What is the reasonable number for 5M TF

you think?

Okay the high number is high for a specific reason.

If you set it low, then on trends when the price retraces, you'll lose a lot more money than you would with a high base value. You want the channels to be running flat and horizontal when the market is ranging and with a low base value, this won't happen. Test it and you'll see for yourself what I mean.
  • #257
  • Nov 11, 2009 3:05pm Nov 11, 2009 3:05pm
As I wrote you in private already, I loved the atrema indi. This time you just might have nailed it Aicccia, my compliments.
Wendy
  • #258
  • Nov 11, 2009 3:33pm Nov 11, 2009 3:33pm
Same findings as with atrema, if used on the 5min avoiding the asian session (for entries) helps staying out of a lot of whipsaws. I'm only checking GBPUSD, for GBPJPY this might not be true.
  • #259
  • Nov 11, 2009 5:48pm Nov 11, 2009 5:48pm
I'm still not sure what to trade with..

What settings to rely on?

Cause with one settings it's showing

BUY now and with little different settings those lines are far away or

showing SELL. So, not sure which settings to believe. Is that really "SELL"

Signal? or Maybe BUY? I think I'll stick with v2.01 for now.. At least

there is not a such big spreads with different settings... Just IMHO.
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  • #260
  • Nov 11, 2009 5:54pm Nov 11, 2009 5:54pm
Hey Rev...
Yep...but mostly for CT trades like the screenshots below show...
If it doesn't snap in my direction then I kill the trade...
I give more latitude to trades that are in direction of the Trend as it crosses Carmen or has retraced accordingly...
Hope this helps...
Cliff

Quoting revrobwimb
So your entries are at the carmen cross and for re entry's at the stoch OB/OS levels and cross?

Thanks,
revrobwimb
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CT1.gif Size: 39 KB
Click to Enlarge Name: CT2.gif Size: 45 KB
I get exercise just pushing my luck
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