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The CARMEN System Indicator

  • #441
  • Nov 30, 2009 5:08pm Nov 30, 2009 5:08pm
I see, I think alpari are good for spreads and things. FXDD quite high still. ODL are good.

What time did you start taking all the trades? What has performance been like
  • #442
  • Nov 30, 2009 5:18pm Nov 30, 2009 5:18pm
Quoting Sim
I see, I think alpari are good for spreads and things. FXDD quite high still. ODL are good.

What time did you start taking all the trades? What has performance been like
Also like Oanda...they are the lowest in spread, I heard.

I caught a good trade last Friday which gave me 70 pips. And on Monday, early morning, so far two loosing trades with -12pips each, and the last one is a buy which still is open.
  • #443
  • Nov 30, 2009 5:27pm Nov 30, 2009 5:27pm
Ok...the last buy signal also got stopped out at -17pips. I will stay out, until mid-london/openning NY session.
  • #444
  • Nov 30, 2009 6:33pm Nov 30, 2009 6:33pm
Hello Carmen.

Thanks.
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  • #445
  • Nov 30, 2009 6:52pm Nov 30, 2009 6:52pm
I got stopped out.
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  • #446
  • Nov 30, 2009 6:57pm Nov 30, 2009 6:57pm
I am in this one again.
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  • #447
  • Nov 30, 2009 7:58pm Nov 30, 2009 7:58pm
Hi

please forgive me if I ask a silly question (it is 02:00 in London and it has been a long day). I just read through the postings and have one question. Is carmens_eyes_v3.1 Al..mq4 the only indicator needed for this system or do we need more indicators. I just could not find it in the thread.

thanks very much
  • #448
  • Dec 1, 2009 1:03am Dec 1, 2009 1:03am
Carmen E/U 1h looks to be giving a long signal, can't post atm, but signal seems to be off DP.

Will try post later.
What you do is a reflection of you....what I do is a reflection of me.
  • #449
  • Dec 1, 2009 1:15am Dec 1, 2009 1:15am
Quoting SkyzerFX
Sure Settings I posted here:

http://www.forexfactory.com/showpost...&postcount=392

Pairs? All popular:

EURUSD
EURJPY
CHFGPY
GBPJPY
USDCAD
GBPUSD
NZDUSD
USDJPY
AUDUSD
USDCHF
GBPUSD

But still playing on Test account so far

Personally I never trade 5-30m time frames.. I prefer


H4-Daily that's what I trade on Real Account

1M-30M it's like stocks day-trading or Casino BlackJack game for me.

I think 99% of the people lose money trading that way eventually.
Hi Sky

I prefer longer tf also, I am terrible selecting the right trades on short tfs. If it does not distract from the objective of this thread, I would like to discuss longer tfs a little more.

Hope this is OK with you aicccia.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #450
  • Dec 1, 2009 3:07am Dec 1, 2009 3:07am
Quoting Ezzy
Carmen E/U 1h looks to be giving a long signal, can't post atm, but signal seems to be off DP.

Will try post later.
Carmen delivered once again.

Profit taken at Daily R1.
Attached Image (click to enlarge)
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What you do is a reflection of you....what I do is a reflection of me.
  • #451
  • Dec 1, 2009 3:26am Dec 1, 2009 3:26am
Look out for gu on the 1hr, it's given a buy signal, however signal bar is huge and sl is a bit large, anyway, taken it. I hope that it doesn't bite me in the a..
What you do is a reflection of you....what I do is a reflection of me.
  • #452
  • Dec 1, 2009 3:32am Dec 1, 2009 3:32am
Quoting Ezzy
Look out for gu on the 1hr, it's given a buy signal, however signal bar is huge and sl is a bit large, anyway, taken it. I hope that it doesn't bite me in the a..
Bugger...I forgot http://cdn.forexfactory.com/images/icons/icon8.gif
What you do is a reflection of you....what I do is a reflection of me.
  • #453
  • Dec 1, 2009 3:53am Dec 1, 2009 3:53am
Quoting Ezzy
Bugger...I forgot http://cdn.forexfactory.com/images/icons/icon8.gif
Hurt heh!..don't worry got me too,was up +50 and had to settle for +15 .
  • #454
  • Dec 1, 2009 3:58am Dec 1, 2009 3:58am
Quoting Ezzy
Bugger...I forgot http://cdn.forexfactory.com/images/icons/icon8.gif
you should be recovering.......wasn't too bad.

I got bitten yesterday by the gbpjpy, was trading another system, news coming on but nothing too important.....got in on a 1h chart basis, it went 150 pips against me, took my SL out and then came all the way back...........
ouch. 3%less in my account.
today has been better.
  • #455
  • Dec 1, 2009 4:28am Dec 1, 2009 4:28am
Quoting wvehoven
you should be recovering.......wasn't too bad.

I got bitten yesterday by the gbpjpy, was trading another system, news coming on but nothing too important.....got in on a 1h chart basis, it went 150 pips against me, took my SL out and then came all the way back...........
ouch. 3%less in my account.
today has been better.
Yep recovering and up a few pips, my tp is yesterdays high at 6592.

I hate news http://cdn.forexfactory.com/images/icons/icon8.gif I don't know how to trade it and I tend to forget to check the calendar an various occasions when I am trading.

wvehoven, are you trading the smaller tf on this sytem? if so, how are you going with it.
What you do is a reflection of you....what I do is a reflection of me.
  • #456
  • Dec 1, 2009 4:31am Dec 1, 2009 4:31am
Quoting stunna29
Hurt heh!..don't worry got me too,was up +50 and had to settle for +15 .
Thank goodness it didn't take my sl, because it was below the weekly pivot. It has hurt me on many occasions though. http://cdn.forexfactory.com/images/icons/icon9.gif
What you do is a reflection of you....what I do is a reflection of me.
  • #457
  • Dec 1, 2009 4:40am Dec 1, 2009 4:40am
Quoting Ezzy
Yep recovering and up a few pips, my tp is yesterdays high at 6592.

I hate news http://cdn.forexfactory.com/images/icons/icon8.gif I don't know how to trade it and I tend to forget to check the calendar an various occasions when I am trading.

wvehoven, are you trading the smaller tf on this sytem? if so, how are you going with it.
I am trading it on a 1min TF as stated by aicccia, using awesome as a secondary guideline and only entering between 6-11GMT and then between 14:30-15:30 gmt, it is doing ok, in profit so far. When I see too much ranging and awesome not moving too far away from 0 I tend to trade the real breakout though, giving up on a few pips but avoiding false entries. Most entries in this time period are ok. Also, i turned on the try again option. I enter with 3 (micro)lots, closing one at each TS and one at the crossover of blue and yellow line. If however I am short, it crosses the yellow line and recrosses it down without ever crossing the blue line, I reenter with the amount of lots closed previously at the various TS.....working like a charm.
  • #458
  • Dec 1, 2009 4:45am Dec 1, 2009 4:45am
Quoting wvehoven
I am trading it on a 1min TF as stated by aicccia, using awesome as a secondary guideline and only entering between 6-11GMT and then between 14:30-15:30 gmt, it is doing ok, in profit so far. When I see too much ranging and awesome not moving too far away from...
Very nice!!!

I find trading smaller tf very difficult.
What you do is a reflection of you....what I do is a reflection of me.
  • #459
  • Edited 4:58am Dec 1, 2009 4:45am | Edited 4:58am
Quoting wvehoven
Hi guys,
I do NOT want to turn this thread into an indicator show, as I am sure that would bother Aicccia as well. His whole work is based on simplifying our charts and have an all-in-on indy.
However, I did notice that in conjunction with awesome Oscillator you can filter out most of the bad trades while loosing only very few good ones. What I do is entrying long only when Awesome is near...
this does not bother me at all, and in fact collaberation was one of the reasons I posted this indicator in the first place.

I took a look at the Awesome indicator and its plain that I eneed to make the indicator account for trending and ranging conditions better.

The idea I have is to make the width between the channel fluctuate, so that a trending market would make the width small and a ranging market would make the width large. This would reduce false crosses but when a false cross still managed to cross, the loss would be much larger, maybe around 30 pips. So for that reason I'm a bit wary of going that route, but its all I've got right now.

Does anyone have any ideas?

wvehoven is right, the indicator needs some sort of filter but I want the filter to be built-in influncing the lines themselves, so that at the end of the day, we're still just trading off the channel.
  • #460
  • Dec 1, 2009 4:56am Dec 1, 2009 4:56am
Quoting aicccia
this does not bother me at all, and in fact collaberation was one of the reasons I posted this indicator in the first place.

I took a look at the Awesome indicator and its plain that I eneed to make the indicator account for trending and ranging conditions better.

The idea I have is to make the width between the channel fluctuate, so that a trending market would make the width small and a ranging market would make the width large....
Just an idea, I am not a programmer and I do not know if it is doable.
I LOVE the BAT ATR, it is some sort of TS just like Carmen, but instead of following price at xpips of distance, it uses ATR of the last x candles multiplied by a factor, optimizable as one chooses. Perhaps carmen as well can follow price based on an atr ratio.
If you can correlate the multiplication factor used to the adx value(which should be increasing while trending and decreasing in a ranging market, you might get what you want.
Hope it makes sense.
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