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Attachments: The CARMEN System Indicator
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The CARMEN System Indicator

  • #281
  • Nov 12, 2009 5:11pm Nov 12, 2009 5:11pm
Hi

I dont know if you miss something. But for me looking at cable today on a 15
mins chart, its look absolute ugly. Cable have been ranging in a channel of about 70 pip the whole day.

And all indicator I have seen around the past years is best when we are in trending marked.
And for me cable have not been trending today, so that could be the reason you find it difficult to find an honest trade.

For me, I always look at some higher timeframes to get a feeling for the marked
and try to find the best one. (trending)

If you put carmen V 2,8 on 15 mins GU you can see it ranging between yellow line and upper red line almost whole day.

I dont know if it give any meaning to you, and excuse my English I am better in Danish


fratelli
  • #282
  • Nov 12, 2009 6:51pm Nov 12, 2009 6:51pm
1min. TF, red line on lower channel has been crossed...
Attached Image (click to enlarge)
Click to Enlarge Name: carmenLong.jpg Size: 34 KB
  • #283
  • Nov 13, 2009 12:24am Nov 13, 2009 12:24am
I am sure that most traders on this thread are probably not using this version given that more advanced ones have been created.

However my early results so far, indicate that once price closes above/below carmen lines, it will retrace to the closest carmen line in most cases offering a good opportunity for entering into a trade.

Does anyone have any experience trading with this version?

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #284
  • Nov 13, 2009 12:29am Nov 13, 2009 12:29am
Thanks Aicccia for this interesting indicator!

I'm still figuring out and tweaking the settings to reduce the number of failed trades, as the default settings for GBPUSD don't seem to be working too well for me. The small stop outs keep on piling up and eats away the huge profits won during good trends.

Anyway since everyone's putting in their 2 cents, here's my take on what the rules for v2.8 might be:

If WhiteLine crosses UP past TOP BLUE line,
Close all SELLS,
Create a BUY (only if none exist)

If WhiteLine crosses DOWN past TOP RED line,
Close all BUYS,
Create a SELL (only if none exist)

If WhiteLine crosses UP past BOTTOM RED line,
Close all SELLS,
Create a BUY (only if none exist)

If WhiteLine crosses DOWN past BOTTOM BLUE line,
Close all BUYS,
Create a SELL (only if none exist)
  • #285
  • Nov 13, 2009 1:40am Nov 13, 2009 1:40am
I was thinking If white crosses (lower) red (going short) we are going short until it hits the same level , if the white line goes below lower blue than we wait the line to hit the blue again and we reverse the order.
I don't know if should use a yellow MA to reverse trade also or no?

Sorry for mistakes English is not my 1st language
  • #286
  • Nov 13, 2009 3:43am Nov 13, 2009 3:43am
Quoting Big E!
aicccia,

I don't know about anyone else, but I'm still seeing the V 2.01 rules on the first page. The V 2.08 download is there but not the updated entry/exit rules.

I know you are very busy, must have slipped through the cracks.
no actually the rules are the same...
  • #287
  • Nov 13, 2009 3:53am Nov 13, 2009 3:53am
Quoting challenger78
Impressive indicator. But I want to ask, just loaded it on GU 1M with default settings, and seems like its getting absolutely killed ... am I missing something?
1. It's not getting killed, that is the one-minute chart and though all of those trades were losers, you never lost more than 6-10 pips, including spread on each trade trades. And since when the system finds a good trend it can easily make 100-200 pips, this is acceptable. The system is not built to make a killing constantly, the goal of the system is to simply to breakeven or keep loses small on ranging markets and then make all the money on trends.

2. The default settings are not from the genetic optimizer, they are simply estimates from me.

3. I am working on some code that would eliminate the problem where the 3 EMA only briefly crosses through the channels before retracing back. This code would elimate the whiplashing in your picture. This new code will be in v2.90.
  • #288
  • Nov 13, 2009 3:54am Nov 13, 2009 3:54am
Quoting tonik70
looks Fine on USD/Chf but, on eur/usd the indicator is very spiky (default settings) 1m tf
The default settings were estimates for the GBP/USD 1 Minute chart only.
  • #289
  • Nov 13, 2009 3:56am Nov 13, 2009 3:56am
Quoting fratelli
Hi

I dont know if you miss something. But for me looking at cable today on a 15
mins chart, its look absolute ugly. Cable have been ranging in a channel of about 70 pip the whole day.

And all indicator I have seen around the past years is best when we are in trending marked.
And for me cable have not been trending today, so that could be the reason you find it difficult to find an honest trade.

For me, I always look at some higher timeframes to get a feeling for the marked
and try to find the best one. (trending)

If you put carmen V 2,8 on 15...
The default settings are only for GBP/USD 1 Minute Chart.
  • #290
  • Nov 13, 2009 3:57am Nov 13, 2009 3:57am
Quoting mcko
Thanks Aicccia for this interesting indicator!

I'm still figuring out and tweaking the settings to reduce the number of failed trades, as the default settings for GBPUSD don't seem to be working too well for me. The small stop outs keep on piling up and eats away the huge profits won during good trends.

Anyway since everyone's putting in their 2 cents, here's my take on what the rules for v2.8 might be:

If WhiteLine crosses UP past TOP BLUE line,
Close all SELLS,
Create...
Yes that is correct, that is how it works.
  • #291
  • Nov 13, 2009 4:00am Nov 13, 2009 4:00am
aiccia,

I believe your latest post continues to illustrate your resolve to take this brilliant concept to its zenith which will basically give all traders exactly what they wish - large trends with few and minimal losses! It has all the makings of being as close to the HG as is humanly possible. thanks once again for your continued dedication to this terrific thread.
traderdp
  • #292
  • Nov 13, 2009 4:46am Nov 13, 2009 4:46am
Quoting candletrader
1min. TF, red line on lower channel has been crossed...
Long still looks good...
Attached Image (click to enlarge)
Click to Enlarge Name: carmen_long1.jpg Size: 49 KB
  • #293
  • Nov 13, 2009 7:09am Nov 13, 2009 7:09am
Closed Long, now short eurusd...
Attached Image (click to enlarge)
Click to Enlarge Name: carmen_short.jpg Size: 40 KB
  • #294
  • Nov 13, 2009 7:22am Nov 13, 2009 7:22am
Getting a bit choppy...closed short, now going long.

The idea is to accept small losses, and hope for a big trend.
Attached Image (click to enlarge)
Click to Enlarge Name: carmen_long2.jpg Size: 42 KB
  • #295
  • Nov 13, 2009 8:42am Nov 13, 2009 8:42am
Now the lower blue line has been crossed from above, signalling short. With average losses of 15-30 pips, smalll losses are turning into a big loss!

Perhaps the setting for this indicator for eurusd need to be changed. Not sure what is best setting for this indicator to minimize the losses.
  • #296
  • Nov 13, 2009 8:53am Nov 13, 2009 8:53am
Quoting Ezzy
I am sure that most traders on this thread are probably not using this version given that more advanced ones have been created.

However my early results so far, indicate that once price closes above/below carmen lines, it will retrace to the closest carmen line in most cases offering a good opportunity for entering into a trade.

Does anyone have any experience trading with this version?

Cheers
Ezzy
I am currently not trading this version since it does not conform to my style of trading but am watching it very closely to evaluate it as a potential EA. Based on observation I believe it would make a dynamite EA. I am watching it on a 15 min timeframe with 75 - 40 -20 settings. I am not watching price at all only the MA as it moves back and forth. I have had no success with the alert that was written by a member. It worked for me once and that was it. I am sure that the 2.8 version is a great improvement over 2.1 and will probably do a comparison this weekend when the market closes but right now I am extremely happy with 2.1 as the basis for an EA. Aicccia has done a brilliant job with this indicator. With a working EA it is as close to the famed "Holy Grail" as I have ever seen. As a system to manually trade however it would be a lot like watching grass grow.
Hopefully Aicccia will develop that EA and share it with us as he has with his indicator.

I have read several post since writing this reply and see that someone else thinks an EA on this system will be close to the "HG". I also neglected to state that my observations of it's effectiveness are based on the EUR/USD which is what I primarily trade.

I also believe we owe Aicccia both our thanks and admiration for developing and sharing this concept.
  • #297
  • Nov 13, 2009 8:58am Nov 13, 2009 8:58am
I have been testing on GJ 5min since yesterday, so far one long closed +100 and short entered which is still open, floating +75
Regards
  • #298
  • Nov 13, 2009 9:32am Nov 13, 2009 9:32am
Quoting Jollyroger
I am currently not trading this version since it does not conform to my style of trading but am watching it very closely to evaluate it as a potential EA. Based on observation I believe it would make a dynamite EA. I am watching it on a 15 min timeframe with 75 - 40 -20 settings. I am not watching price at all only the MA as it moves back and forth. I have had no success with the alert that was written by a member. It worked for me once and that was it. I am sure that the 2.8 version is a great improvement over 2.1 and will probably do a comparison...
My favourite v2.1 as well. Never seen anything so simple and effective. Hope an EA developed for it.

  • #299
  • Nov 13, 2009 9:56am Nov 13, 2009 9:56am
Quoting candletrader
Jollyroger,

Are you using the latest indicator, version 2.8, on eurusd 15min.? And what do you mean the 75-40-20 settings...thanks in advance.
Using version 2.1. 75-40-20 are the expansion settings on the indicator. I can't remember if they are the default or whether I changed them in the code. I'm not a coder but I can change numbers .
  • #300
  • Nov 13, 2009 10:01am Nov 13, 2009 10:01am
Quoting Jollyroger
Using version 2.1. 75-40-20 are the expansion settings on the indicator. I can't remember if they are the default or whether I changed them in the code. I'm not a coder but I can change numbers .
Thanks...I am changing to V2.1 as well...using it now on 15min. looks much better...can't handle the wipsaw on 1min. using v2.8
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