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The CARMEN System Indicator

  • #521
  • Dec 2, 2009 9:27am Dec 2, 2009 9:27am
Quoting SkyzerFX

Now just sitting and switching 10 screens 1H TF looking good
Have been playing with Carmen on the fast forward Simultator.

on M1 M5 she was killing me.. too many crosses and the losses are just too huge... Maybe the EA will tell us something elese in longterm.. I dont know.

Yeah she is looking best on h1 also on the Simultator.

I hope she is doing a better Job than the MA (15) on h1 .. any thoughts on this???
Follow the Trend, thats all
  • #522
  • Dec 2, 2009 9:52am Dec 2, 2009 9:52am
Quoting pauly
Have been playing with Carmen on the fast forward Simultator.
on M1 M5 she was killing me.. too many crosses and the losses are just too huge... Maybe the EA will tell us something elese in longterm.. I dont know.

Yeah she is looking best on h1 also on the Simultator.
Yeah, I know, I never have any luck trading short term. In real live I'm trading on H4-Daily

with BANDS and 200 EMA shifter +100 -100 +200 -200.. So generally

Idea is to Buy LOW and SELL High (as far as possibly away from 200 SMA) and TP closer to or at 200 SMA

Just resently closed USDJPY/EURJPY/CHFJPY about 50 positions with 5% account profit..

So it's kind of Long term strategy. Sometimes I'd wait week or more for either take a position or TP

but it always works. Trading? Not sure yet.. It's like a blackjack..

Nobody knows when pair is moving in he short run
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  • #523
  • Dec 2, 2009 10:21am Dec 2, 2009 10:21am
I, like others around here, utilize a variety of time frames. I use the Daily and H4 to geet a good feel for the long-term trend of a pair.

When I decide which pairs are trending, I then switch to the H1 and M15 to analyze the swings/price action(PA).

For timing my actual BUY or SELL, though, I use the M5, as this let's me see what happening right now.
  • #524
  • Dec 2, 2009 10:29am Dec 2, 2009 10:29am
Just an Example

Trix down Carmen was crossed and then reverse and it's in loss

But this is a TEST account, so I will just sell more higher:

ha-ha walk out for 15 min and now it's in profit

Never know
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur_jpy-fake.jpg Size: 117 KB
Click to Enlarge Name: eur_jpy-fake++.jpg Size: 119 KB
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  • #525
  • Dec 2, 2009 10:30am Dec 2, 2009 10:30am
My favorite time frame is the M15. I've attached a sample here which shows what I personally like one a chart.
Many will not like my color scheme, but it's easier on my eyes than others.

I use four indicators:
- Carmens Eyes v3.1 (for my trading channels)
- Magnified Market Price (for current price and chart type)
- THV3 CandleClock (to let me know how much time till the next candle)
- ant-GUBreakoout v.0.4.1 (to highlight what happened in the 7-9 AM EST window of time)

That last one is not essential to me, as I am just curious how market conditions were from 7-9 AM.
Oh, and I place a text label in the upper-left corner of each template so I can remember which template I used later (smile).

Cheers,
Ed
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 57 KB
  • #526
  • Dec 2, 2009 10:42am Dec 2, 2009 10:42am
Quoting SkyzerFX
Yeah, I know, I never have any luck trading short term. In real live I'm trading on H4-Daily

with BANDS and 200 EMA shifter +100 -100 +200 -200.. So generally

Idea is to Buy LOW and SELL High (as far as possibly away from 200 SMA) and TP closer to or at 200 SMA

Just resently closed USDJPY/EURJPY/CHFJPY about 50 positions with 5% account profit..

So it's kind of Long term strategy. Sometimes I'd wait week or more for either take a position or TP

but it always works. Trading? Not sure yet.. It's like a blackjack..

Nobody knows when pair...

This sounds pretty interresting.. so you are using some kind of basket trading I think.. is there any link to this?

Cheers
Follow the Trend, thats all
  • #527
  • Dec 2, 2009 10:46am Dec 2, 2009 10:46am
Quoting pauly
Have been playing with Carmen on the fast forward Simultator.

on M1 M5 she was killing me.. too many crosses and the losses are just too huge... Maybe the EA will tell us something elese in longterm.. I dont know.

Yeah she is looking best on h1 also on the Simultator.

I hope she is doing a better Job than the MA (15) on h1 .. any thoughts on this???
Did the simulator took ALL signals? Day and night? I ask because i made the experience, that Carmen works well during London open undtil mid of NY session, so maybe you can filter this a little bit and post the results again :-)

cheers
  • #528
  • Dec 2, 2009 11:28am Dec 2, 2009 11:28am
Quoting j0ker
Did the simulator took ALL signals? Day and night? I ask because i made the experience, that Carmen works well during London open undtil mid of NY session, so maybe you can filter this a little bit and post the results again :-)

cheers
hi yes i took all, cant see any edge of not trading carmen 5 hours before london open.. but try it...

here is the Metatrader Simulator

http://www.forexfactory.com/showpost...postcount=1812
Follow the Trend, thats all
  • #529
  • Dec 2, 2009 11:30am Dec 2, 2009 11:30am
Ok took 5 trades all wins!! 0.40 lot about $600 fake money made

I wish it was that easy on Real account as well

Showing few screen shots:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu-win.jpg Size: 116 KB
Click to Enlarge Name: aud-win.jpg Size: 105 KB
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #530
  • Dec 2, 2009 11:34am Dec 2, 2009 11:34am
Quoting pauly
hi yes i took all, cant see any edge of not trading carmen 5 hours before london open.. but try it...

here is the Metatrader Simulator

http://www.forexfactory.com/showpost...postcount=1812
hey pauly,

i live in germany, and my oberservations are that durig the night there is not much price action causing ranging markets with some false signals, so i am
trading it only after 6am gmt
  • #531
  • Dec 2, 2009 11:50am Dec 2, 2009 11:50am
Quoting j0ker
hey pauly,

i live in germany, and my oberservations are that durig the night there is not much price action causing ranging markets with some false signals, so i am
trading it only after 6am gmt

ich weiß but scrolling back gbpusd.. u will eleminate some losses and some winners too
Follow the Trend, thats all
  • #532
  • Dec 2, 2009 11:57am Dec 2, 2009 11:57am
Maybe I just can't see it, but where did you Enter and Exit these trades ?? Did you mark the Enter/Exit points ??
  • #533
  • Dec 2, 2009 11:58am Dec 2, 2009 11:58am
Quoting pauly
ich weiß but scrolling back gbpusd.. u will eleminate some losses and some winners too
ah, another german

so just my observations only i see the most action is coming with europe open so i trade carmen there only
  • #534
  • Dec 2, 2009 12:03pm Dec 2, 2009 12:03pm
Quoting SkyzerFX
Ok took 5 trades all wins!! 0.40 lot about $600 fake money made

I wish it was that easy on Real account as well

Showing few screen shots:
Hi. I see you're using Swingman's Super Ultra Trix indicator. How's that working for you and how's Swingman doing these days? I've been a big fan of his for a long while.

Cheers!
  • #535
  • Dec 2, 2009 1:05pm Dec 2, 2009 1:05pm
v1 runs fine for me, but v3.1 is crashing my MT4 platform. Is any one else having the same trouble?
  • #536
  • Edited 1:22pm Dec 2, 2009 1:12pm | Edited 1:22pm
Quoting michaelB
Maybe I just can't see it, but where did you Enter and Exit these trades ?? Did you mark the Enter/Exit points ??
Pink line that's 24 EMA If TRIX turn into SELL signal I'm looking pair

to be either below 24 EMA line or below Carmen or better below both (and vise versa for BUY).

Swing Man Trix working fine but again no body knows when the real

TREND starts or it's just a next Fake signal? I think the only

way to play this just double lot sizes. 0.20 wrong signal? ok SL,

0.40 wrong signal? SL 0.80 real signal take profit. As far as I can see

there is no way could be like 3-4-5 fake signals in the row..

Same goes for Carmen. Surely you'll need to play with lot sizes to

offset fake cross loses..

Even like 0.20-0.40-0.60-0.80-1.00 or 0.40-0.50-0.60-0.70-0.80 and so on lots (depends on your account
size) will do the job , especially

in EA trading.. Every loss pump up your lot.. Noway there could be like

5-6 straight loses in the row at least in higher TF like 1H

I'm sure it make sense
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  • #537
  • Edited 1:31pm Dec 2, 2009 1:14pm | Edited 1:31pm
looks interesting but unsure;

im seeing lots of false signals?

what settings do people use for 4/1hr gbpusd?

does it redraw/paint?
  • #538
  • Dec 2, 2009 1:33pm Dec 2, 2009 1:33pm
I really like this indi!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 19 KB
  • #539
  • Dec 2, 2009 3:24pm Dec 2, 2009 3:24pm
charts felt like a hernia waiting to happen!
  • #540
  • Dec 2, 2009 5:57pm Dec 2, 2009 5:57pm
Quoting whos
v1 runs fine for me, but v3.1 is crashing my MT4 platform. Is any one else having the same trouble?
Hi
Same here crashed IBFX as well as ACM.
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