The CARMEN System Indicator

I'm not a programmer in Meta Quotes, but look at the code could this

be the problem?

Actually your PRINT function prints value of MA 1200

====================
extern int baseperiod=1200;

Print("MA: "+iMA(NULL,TF,baseperiod,0,MODE_EMA,PRICE_CLOSE,1));

====================

And that Value should be and would be higher than (1296 EMA),

cause 1296 EMA theoretically should be lower than 1200 EMA

Maybe I'm mistaken..

No the difference is bigger than that.

@aicccia:

Do you only use TP for EA ?
Or more an dynamic TS thing ??

I've created work-arounds for each bug so I'm getting the results I've been expecting now.

Great! Thanks. Waiting for that EA..

Hi guys!

I'm not a "EA kind of guy", but this system caught my attention. Looking forward to test the Carmen EA.
Nice work, it seams that Carmen has lots of potential, she's hot!

Hi aicccia,
do you have any schedule for EA release ??

V2.8

After analysing v2.8 in more depth I can say it is a more complete indicator than v2.1 (which is also good, but I feel 2.8 is on another level) so I've decided to put that on all my charts and am really happy with it.

Pairs and time frame

I prefer to trade it on the XXX/JPY and AUD/XXX pairs as they tend to be trending more and are less prone to be locked in a range, but be selective trade the pairs with more volume such as AUD/USD and avoid GBP/AUD because it's too volatile. EUR/GBP is also a good pair.

I use it on the 1 hour time frame and it seems to work well on it.


Anyway, that's how I've been using the indicator.

The thread is getting far too quite.

Share your thoughts, ideas, personal experiences, set ups or whatever you think is productive.

I've been following eurusd 15min., using V2.8, with default settings....looks very promising.

Bought @ 1.4898

Hey, I know I've been pretty quiet recently but its only because I've been working really hard on the indicator and EA. I'm releasing a new version of the indicator now so I can get more feedback and you guys can see what I've been working on.

After a lot of testing, I've decided to backtrack and the latest version much more resembles the earlier versions of the indicator. Many people prefered the earlier versions and while I liked their simplicity too, I felt that I had a worthwhile strategy for fighting the ranging, and it's what was in v2.8.

However the Achilles heel of v2.8 was that ranging was only successfully controlled as long as the ranging occurred near the base line trend; and ranging happens anywhere and everywhere.

So I went back to an earlier version and instead of "prevention", I decided to try a policy of allowing all trades and using the opportunity to grab pips and close portions of the order, in order to breakeven or sometimes even more during these ranging markets.

So in this latest version(which is very similar to the first for those who have been following along) there are two extra Take Profit lines that follow the price at user-defined distances and these distances can be set to change at three different user-defined levels of profit.

The indicator can be grabbed from the first post. And I recommend the one-minute timeframe as usual. The lines will plot the same on each timeframe, so the lowest timeframe will give the earliest entries and exists.

Where the two take profit lines snap back to the blue and yellow channel, this is where some of the profit was be taken.

http://fiat-luxx.com/trading/31.gif

Thanks. Let me be first to congratulates you on the new version. Looks great on GU.

Do you have any recommended settings for GJ and EJ as well?

Regards

Looking good aicccia on the new version...just went long gbpusd @ 1.6374

Hi aicccia,

The two trailing lines are not showing up! Any idea?

The 2 lines are showing on my chart....just took 30 pips profit and will ride the rest with sl @ BE

Thanks aicca....

Carmen 3 on EJ 1 min with default settings

Where are the 2 take profit lines?

The default is for GU...so am not surprise with any anomalies on other pairs..

I believe that an EA will do justice to trading carmen. I found out that most of the setups happen when u are not on ur sit or while sleeping...like last night....

I guess thats why an EA to be near perfect needs time to be put together.

Good job aicca

They disappear once they've been crossed, e.i. when the partial profit would be taken.

Look at the left of your chart, once the white lines dipped below them, they were removed.