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The CARMEN System Indicator

  • #361
  • Nov 27, 2009 8:16am Nov 27, 2009 8:16am
Quoting Ibuks
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
man what are you talking about??

ain't making millions worth staying up all night??

LOL jk. I'm working on it right now.
  • #362
  • Nov 27, 2009 8:19am Nov 27, 2009 8:19am
Quoting aicccia
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.
Will that imply that one should wait for reset (i.e. wait for break of the blue or yellow line) b4 taking any trade? I have noticed that it sometimes retraces back to the blue/yelow line b4 going in the direction it want to go.
  • #363
  • Nov 27, 2009 8:19am Nov 27, 2009 8:19am
Quoting aicccia
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.
It now makes sense aicccia...many thanks for this indicator.
  • #364
  • Nov 27, 2009 8:22am Nov 27, 2009 8:22am
Quoting Ibuks
Will that imply that one should wait for reset (i.e. wait for break of the blue or yellow line) b4 taking any trade? I have noticed that it sometimes retraces back to the blue/yelow line b4 going in the direction it want to go.

yes, always. that is one of the most fundamental rules of the system.

the EA might give the option to resume TP when the price retraces through a single yellow or blue line.

look at the try_again variable in the indicator for an example of what I'm talking about.
  • #365
  • Nov 27, 2009 8:27am Nov 27, 2009 8:27am
Great Indy as usual, thanks.

Is there possibility to disable those 2 extra lines for profit?

maybe set settings 3-4 sets to 0 ?

I'd like to have only 2 lines on the chart Blue and Yellow, cause

I can decide myself when to take profit..

Thanks.
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  • #366
  • Nov 27, 2009 8:32am Nov 27, 2009 8:32am
Just change lines colour to black.

Quoting SkyzerFX
Great Indy as usual, thanks.

Is there possibility to disable those 2 extra lines for profit?

maybe set settings 3-4 sets to 0 ?

I'd like to have only 2 lines on the chart Blue and Yellow, cause

I can decide myself when to take profit..

Thanks.
  • #367
  • Nov 27, 2009 8:33am Nov 27, 2009 8:33am
Yeah I second that regarding the TP lines, sorta confuse me.

But aicccia, hats off to you man. Simplicity is so effective, and you've made something radical here and very effective. Thanks man
  • #368
  • Nov 27, 2009 8:41am Nov 27, 2009 8:41am
I have to say aicccia your work keeps getting better, v3.1 has the simplicity of the of the earlier versions and the potential is amazing!

Thanks again
  • #369
  • Nov 27, 2009 8:45am Nov 27, 2009 8:45am
Quoting Sim
Yeah I second that regarding the TP lines, sorta confuse me.

But aicccia, hats off to you man. Simplicity is so effective, and you've made something radical here and very effective. Thanks man

Those TP lines are there to help you protect your money better, like aicccia said, when they touch the blue and yellow channel, you close some of your position, this protects you from when the market is ranging alot and will also allow you to stay in the trend.
  • #370
  • Nov 27, 2009 8:48am Nov 27, 2009 8:48am
Also just thinking how that could happened?

On 1M pair is under both lines and when I switch to 15M

pair is above lines, look:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: carmen_1m.jpg Size: 73 KB
Click to Enlarge Name: carmen_15m.jpg Size: 74 KB
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  • #371
  • Nov 27, 2009 8:49am Nov 27, 2009 8:49am
Quoting Sim
Yeah I second that regarding the TP lines, sorta confuse me.

But aicccia, hats off to you man. Simplicity is so effective, and you've made something radical here and very effective. Thanks man
Sure thats easy.

Just download the indicator again(I didn't change the name). There's a new extern variable, Display_TakeProfit, just set it to false.
  • #372
  • Nov 27, 2009 8:50am Nov 27, 2009 8:50am
Thanks yeah, still searching for a param to turn them off , which I've found (lots way too small to close out on each touch of the line hehe, on student budget)

Turn the colour parameter of the orange and red to "no colour" if you want them off!

I agree that this version is the best so far!!
  • #373
  • Nov 27, 2009 8:52am Nov 27, 2009 8:52am
My chart looks a bit different than this.. Are you using the default settings?

Quoting candletrader
Looking good aicccia on the new version...just went long gbpusd @ 1.6374
  • #374
  • Nov 27, 2009 8:57am Nov 27, 2009 8:57am
Quoting SkyzerFX
Also just thinking how that could happened?

On 1M pair is under both lines and when I switch to 15M

pair is above lines, look:
On the 1M you got into the trade quicker, so you reached a higher level of profitability than on the 15M, and the higher the profit, the closer the channels follow the price. At least thats what the default setting do.
  • #375
  • Nov 27, 2009 8:59am Nov 27, 2009 8:59am
Quoting SkyzerFX
Also just thinking how that could happened?

On 1M pair is under both lines and when I switch to 15M

pair is above lines, look:

Skyzer where did you get your pivots indicator from?
  • #376
  • Nov 27, 2009 9:01am Nov 27, 2009 9:01am
Thank You Aiccia!
  • #377
  • Nov 27, 2009 9:07am Nov 27, 2009 9:07am
Quoting aicccia
Sure thats easy.

Just download the indicator again(I didn't change the name). There's a new extern variable, Display_TakeProfit, just set it to false.
Perfect, thanks
  • #378
  • Nov 27, 2009 9:12am Nov 27, 2009 9:12am
Thank you aiccia,
It just keeps getting better and better when you didn't think it could!
The new indicator looks great and captures what you have been talking about from the beginning. I for one, and I think I can speak for others, really, really appreciate all the hard work and tireless effort that you have continued to put into this indicator from the beginning to help so many others trade. Sometimes on the FF threads, some people lose sight of that wonderful quality. thanks once again.
traderdp
  • #379
  • Nov 27, 2009 9:24am Nov 27, 2009 9:24am
Quoting traderdp
Thank you aiccia,
It just keeps getting better and better when you didn't think it could!
The new indicator looks great and captures what you have been talking about from the beginning. I for one, and I think I can speak for others, really, really appreciate all the hard work and tireless effort that you have continued to put into this indicator from the beginning to help so many others trade. Sometimes on the FF threads, some people lose sight of that wonderful quality. thanks once again.
traderdp
wow lol thanks a million
  • #380
  • Nov 27, 2009 9:47am Nov 27, 2009 9:47am
Quoting Jaula
Skyzer where did you get your pivots indicator from?
Here.. It's the best one.. I like thin lines and it's very accurate

Enjoy
Attached File(s)
File Type: mq4 Fibonacci Pivots.mq4   5 KB | 378 downloads
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