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Attachments: The CARMEN System Indicator
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The CARMEN System Indicator

  • #401
  • Nov 29, 2009 12:23pm Nov 29, 2009 12:23pm
Quoting aicccia
its cool. wait for the candle to close. that's how to know that the cross is real.

and you always want to read the first post, especially after a new version comes out because I may change wording to reflect tweaks in the system's rules.
Aicccia,

Just completed reading the thread. Interesting and will wait patiently for the EA. Your great work will allow optimization of the settings for the different pairs/TFs that Carmen can certainly address.

Kostas.
  • #402
  • Nov 29, 2009 12:55pm Nov 29, 2009 12:55pm
Looks interesting, will give it a shot on Monday.
  • #403
  • Nov 29, 2009 2:02pm Nov 29, 2009 2:02pm
Quoting zoogle
Looks interesting, will give it a shot on Monday.
Me too, I did some visual backtesting this weekend, I'm very pleased with how it looks. It seams I have a date with Carmen Monday morning.
  • #404
  • Edited 2:45pm Nov 29, 2009 2:07pm | Edited 2:45pm
Quoting kostas1
Aicccia,

Just completed reading the thread. Interesting and will wait patiently for the EA. Your great work will allow optimization of the settings for the different pairs/TFs that Carmen can certainly address.

Kostas.
+1

You have to be a "Roger Federer" to cleanly close the trade near the

upper

or lower line and immediately place appositive one. I've been trying and it's like

"Off quotes", "Off quotes" Error messages, because there is lots of action

on 1MIN TF and then, when you finally did placed your order, it could be

already

too late. And you'll need actually close 1 order first and open another one

on the fly.. Not easy task, especially if you playing with 4-5

pairs..

EA can help a lot to place those orders faster. IMHO
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #405
  • Nov 29, 2009 3:43pm Nov 29, 2009 3:43pm
I have manually backtested GBPUSD for the last week using v3.10 (standard settings). I assumed opening two 0.5 lots at each signal and closed one when price crossed the first additional TP line and the other (or both) when it crossed blue and yellow line as the original strategy suggests. Here are my results:

Asian session: -5 pips
Asian/Sydney session: +72 pips
London session: +262 pips
London/NY session: -88 pips
NY session: +74 pips
Total: +315 pips

Session indicates when trades were closing. However, it doesn't consider the spread. With more than 50 entries and a spread of 3 pips for GBPUSD, it kind of eats up profit very fast. Am I doing the right thing? Thanks

Chamane
  • #406
  • Nov 29, 2009 6:13pm Nov 29, 2009 6:13pm
Quoting chamane
and closed one when price crossed the first additional TP line and the other (or both) when it crossed blue and yellow line as the original strategy suggests
Chamane
Price crossed the lines, or you waited for the lines to collapse back to the channel? So you see the vertical drop back to the channel, which indicates profit be taken.

Also insead of opening two 0.5s, open 1 standard lot then close half of it per level, that way pay half the spread?
  • #407
  • Nov 29, 2009 6:29pm Nov 29, 2009 6:29pm
Quoting Sim
Price crossed the lines, or you waited for the lines to collapse back to the channel? So you see the vertical drop back to the channel, which indicates profit be taken.

Also insead of opening two 0.5s, open 1 standard lot then close half of it per level, that way pay half the spread?
White line crossed the take profit red line and price is closing. That's when I exited.

How do you close 1/2 lot in MT4 without adding spread?
  • #408
  • Nov 29, 2009 7:46pm Nov 29, 2009 7:46pm
Here are my results for two weeks ago on GBPUSD 1min v3.10 standard settings:

Sydney session: -10 pips
Asian/Sydney session: -29 pips
Asian session: -26 pips
London session: +51 pips
London/NY session: +71 pips
NY session: +30 pips
Total: +87 pips

Still using 0.5 lot for exiting at the first takeprofit line and 0.5 lot for standard rule. This time I had around 40 entries. With 3 pips for spread, I was not profitable. Please comment as I want to make sure I understand what is going on. Thanks.
  • #409
  • Nov 29, 2009 11:48pm Nov 29, 2009 11:48pm
Quoting Ibuks
Hi all,

I will like to suggest that when anyone see a set up, it shld be posted. This will keep this thread much more active, it will also give you the opportunity for someone else to analyse ur trade and finally, it will help newbies get a good hang of the system. Its always easy to look hindsight and see great setup...but remember, hindsight cant pay the bill.

A classical example was someone showing the long on GU on Fri as it happened. I was not looking at GU, but when the person mentioned it, I chked my GU and I was able to get it close to...
Ibuks

I like the idea and I would like to contribute buy informing that on my chart, we have a buy signal on the GU.

Could someone confirm please.

Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #410
  • Nov 30, 2009 1:49am Nov 30, 2009 1:49am
I had a short at 6:18 (loss) and a long at 6:42 still in course. I am GMT +1 (I use alpari uk).
cheers,
Wendy
  • #411
  • Nov 30, 2009 2:42am Nov 30, 2009 2:42am
Small loss in previous buy. Current sell signal is trending well.
What you do is a reflection of you....what I do is a reflection of me.
  • #412
  • Nov 30, 2009 3:27am Nov 30, 2009 3:27am
I'm starting to think splitting entries in 3 would not be a bad idea. 1/3 closes at first TS, 1/3 at second TS and last part at yellow and blue line crossover.
  • #413
  • Nov 30, 2009 3:58am Nov 30, 2009 3:58am
Can the EA alert be altered to work with current version 3.1. That would be most helpful.
Geoff
  • #414
  • Nov 30, 2009 4:51am Nov 30, 2009 4:51am
hello aicccia and everyone else using this great indi.
has anyone try carmen on higher TFs like 1h it seems good to me what do you guys think.aicccia would appriciate your comments and thoughts
regards
Attached Image (click to enlarge)
Click to Enlarge Name: carmen.gif Size: 28 KB
  • #415
  • Nov 30, 2009 5:07am Nov 30, 2009 5:07am
Maybe someone can compile this to .mq5?
  • #416
  • Nov 30, 2009 6:24am Nov 30, 2009 6:24am
Missed a great sell entry

Woke up in the circle area...was waiting for the white line to re-enter the channel to trigger the next trade, but prices kept falling.

Well, there is always another time.
Attached Image (click to enlarge)
Click to Enlarge Name: gpbusd.gif Size: 16 KB
  • #417
  • Nov 30, 2009 6:28am Nov 30, 2009 6:28am
Quoting chamane
White line crossed the take profit red line and price is closing. That's when I exited.

How do you close 1/2 lot in MT4 without adding spread?
there are EA's who do just that, close x% of the total amount of lots after x pips of profits, multi purpose trade manager is one of those, but I have no clue how to program it to take partial profits at the two TS lines. It is possible though, to close orders partially.
  • #418
  • Nov 30, 2009 7:42am Nov 30, 2009 7:42am
Quoting wvehoven
there are EA's who do just that, close x% of the total amount of lots after x pips of profits, multi purpose trade manager is one of those, but I have no clue how to program it to take partial profits at the two TS lines. It is possible though, to close orders partially.
Thanks. I found this in the MT4 userguide: "...client terminal allows to close positions partially. To do so, one has to specify the amount of lots less than that given for the opened position in the "Volume" field before pressing of the "Close... " button". Will try it.

Also, what's everyone record with this indy? Everybody is is saying how great it is, but I have some doubts from my latest backtesting with spread eating up profits.

Chamane
  • #419
  • Nov 30, 2009 8:22am Nov 30, 2009 8:22am
I just wrote a very rudimentary alert for Carmen, only when blue line is crossed in above or yellow in below. Sends an email as well. Nothing fancy but works for me.
Wendy
Attached File(s)
File Type: mq4 carmens_eyes_v3.1 Alert.mq4   11 KB | 555 downloads
  • #420
  • Nov 30, 2009 8:29am Nov 30, 2009 8:29am
Quoting chamane
Thanks. I found this in the MT4 userguide: "...client terminal allows to close positions partially. To do so, one has to specify the amount of lots less than that given for the opened position in the "Volume" field before pressing of the "Close... " button". Will try it.

Also, what's everyone record with this indy? Everybody is is saying how great it is, but I have some doubts from my latest backtesting with spread eating up profits.

Chamane
I just discovered the exact same thing. 2years behind these graphics and i still learn every day. Just never really needed it.
I have not thoroughly backtested carmen but from what I've seen during London and NY it works quite well, I think you'd want to review your opinion. Alpari gives me a 2.8 pip on the GBP, even during ranging times the first trailing stop usually offsets spread.
Wendy
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