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Attachments: The CARMEN System Indicator
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The CARMEN System Indicator

  • #561
  • Dec 4, 2009 12:59am Dec 4, 2009 12:59am
Quoting walb99
alert function changed, tested new version with simulator.
Every time I load this indy it just starts dinging and won't stop. The only way I can make it stop is by shutting down my MT4 platform. It won't even stop dinging if I delete the indy from the chart.

Any suggestions......???
Addicted and proud of it!
  • #562
  • Dec 4, 2009 1:13am Dec 4, 2009 1:13am
Quoting PiPsAddict
Every time I load this indy it just starts dinging and won't stop. The only way I can make it stop is by shutting down my MT4 platform. It won't even stop dinging if I delete the indy from the chart.

Any suggestions......???
In the options dialogue you should be able to set the alert function to false, is this possible?
Attached Image
/ ... clarifying decisions ... /
  • #563
  • Dec 4, 2009 1:47am Dec 4, 2009 1:47am
Quoting PiPsAddict
Every time I load this indy it just starts dinging and won't stop. The only way I can make it stop is by shutting down my MT4 platform. It won't even stop dinging if I delete the indy from the chart.

Any suggestions......???
If the alert is simply triggered whenever there is a cross, then everytime the indicator is intialized, the alert will go off for every cross as the indicator is drawn for the first time.

Some code needs to be added so that the alert is triggered only for crosses which happen after the indicator has been drawn.
  • #564
  • Dec 4, 2009 3:03am Dec 4, 2009 3:03am
Hi All,

Fishing for trade on NFP day...hmn.. very careful though.

GU got to a good start...anyone caught dat??... I came to my PC late..but was able to get it @ 6614. Anyone else??

Carmen is watching...... lol

Happy trading to u all.
  • #565
  • Dec 4, 2009 7:41am Dec 4, 2009 7:41am
Guys,

do you trade Carmen during and shortly after Newstime like today after
unemployment rates?
  • #566
  • Dec 4, 2009 7:50am Dec 4, 2009 7:50am
Personally, I'd rather stay out during major news time, specially NFP. Happy trading.
  • #567
  • Dec 4, 2009 10:37am Dec 4, 2009 10:37am
Quoting aicccia
If the alert is simply triggered whenever there is a cross, then everytime the indicator is intialized, the alert will go off for every cross as the indicator is drawn for the first time.

Some code needs to be added so that the alert is triggered only for crosses which happen after the indicator has been drawn.
Hey Aicccia great thread and indicator---I am looking forward to your ALERT and then the EA...

I like to trade manually and an alert that works would be much appreciated.

thanks again

The Eegle
  • #568
  • Dec 4, 2009 10:42am Dec 4, 2009 10:42am
Quoting walb99
In the options dialogue you should be able to set the alert function to false, is this possible?

Sure... but if I do that, then what's the point of having the alert in the first place.

The whole reason I want an audible alert for any crosses of Carmen is so that I can work on my other business instead of having to stay glued to charts all day.

Cheers,

P.
Addicted and proud of it!
  • #569
  • Dec 4, 2009 11:26am Dec 4, 2009 11:26am
Quoting PiPsAddict
Sure... but if I do that, then what's the point of having the alert in the first place.

The whole reason I want an audible alert for any crosses of Carmen is so that I can work on my other business instead of having to stay glued to charts all day.

Cheers,

P.
The question intended to test the functions of the indicator only.
BTW I am not able to reproduce the error you experienced while using this indi.
You may try to recompile it. Hope this helps.
/ ... clarifying decisions ... /
  • #570
  • Dec 4, 2009 12:27pm Dec 4, 2009 12:27pm
Hello all, very quiet Friday, NFP day.

Pull out ur chart, EU or GU ( Preferably EU for what am about to tell u.

Change ur TF to 5Mins, watch EU after the news. If u traded EU using just carmen, u would have gone short and u would have been up by about 176 pips...ouch....

Carmen can trade the news ....u only need to wait and allow everything to settle down...say 15 mins after the news.

Same for GU. Whaooo....CARMEN is a winner...

Have a good weekend all...and lets do it again from Sunday night....
Attached Image (click to enlarge)
Click to Enlarge Name: eu after news.gif Size: 37 KB
  • #571
  • Edited 2:40pm Dec 4, 2009 2:24pm | Edited 2:40pm
It was slow but Carmen turned out to be a winner: 75 pips (I take winning pips).

I still use version 2.01 and incorporate it with 3.01 in my 30 minute chart (I just close and reopen every 30 minutes which takes care of the lag of version 2.01) along with 1 minute chart using version 3.01 alone.

Aicccia, I still like the 2.01. It just lags. I just close and open my MT4 every 30 minutes. and it realigns to give me better picture..works like a charm...at least for me.
Thanks again
  • #572
  • Dec 4, 2009 3:07pm Dec 4, 2009 3:07pm
Aicccia can the EA have a MaxSpread parameter?

I was also thinking about a possibility of scaling in winning positions, letting +ve trades cover more and more. Something like each order trails wider and wider, so on large moves if price doesn't come back to the starting point, we are in trades for days?
  • #573
  • Edited 5:57pm Dec 4, 2009 5:45pm | Edited 5:57pm
Quoting Sim
I was also thinking about a possibility of scaling in winning positions, letting +ve trades cover more and more. Something like each order trails wider and wider, so on large moves if price doesn't come back to the starting point, we are in trades for days?
I understand what you are saying and the default settings for 2.01 do just that, the greater the profit, the farther the channel follows the price.

However after loooking at my charts alot, I saw that this was not the best strategy since the pips gained from staying in for longer trends always get lost since the trend must to retrace significantly before the order gets closed.

It's better to set a max profit target, maybe 150 pips on the GBP/USD and set your system to follow the trend at its tighest settings once this profit target is reached.

Then once this point is reached, the trade will invaraibly get closed when the price retraces just a little. And then if the trend resumes, the system will be back to following the price at it's loosest settings, giving the trade room to grow more or get stopped out at breakeven.

So the system in its current form, "Let's profits grow, but after a certain point gets very protective of them".
  • #574
  • Dec 4, 2009 5:46pm Dec 4, 2009 5:46pm
Quoting Sim
Aicccia can the EA have a MaxSpread parameter?
A max spread parameter is a good idea. I'll add it.
  • #575
  • Dec 4, 2009 5:51pm Dec 4, 2009 5:51pm
This is a cool indicator
Thanks
  • #576
  • Dec 5, 2009 6:27am Dec 5, 2009 6:27am
Hi Ibuks,

saw your screenshot some posts bevor...
Can you tell me what indicators you using, especially the violett one ?

Regards

Peter
  • #577
  • Dec 5, 2009 6:42am Dec 5, 2009 6:42am
Quoting aicccia
I understand what you are saying and the default settings for 2.01 do just that, the greater the profit, the farther the channel follows the price.

However after loooking at my charts alot, I saw that this was not the best strategy since the pips gained from staying in for longer trends always get lost since the trend must to retrace significantly before the order gets closed.

It's better to set a max profit target, maybe 150 pips on the GBP/USD and set your system to follow the trend at its tighest settings once this profit target is reached....
Perfect, I knew you'd know more about the situation...the trend resuming thing is a great idea

And yeah the max spread thing will hopefully be useful and give some piece of mind on crazy news days. Otherwise, on medium news it may milk some extra pips if all goes well
  • #578
  • Dec 5, 2009 8:16am Dec 5, 2009 8:16am
@aicccia

For exit I would think more about dynamic...
I am testing the Chandelier Exit with different parameters, and it brings good results to me...
  • #579
  • Dec 5, 2009 9:43am Dec 5, 2009 9:43am
Quoting chievo11
@aicccia

For exit I would think more about dynamic...
I am testing the Chandelier Exit with different parameters, and it brings good results to me...
what is a Chandelier Exit?
  • #580
  • Dec 5, 2009 10:03am Dec 5, 2009 10:03am
I dont know how it works, but add it and you will see how it works..
in BUY trades the blue line is the SL line..
If the line changes to the other side, SL is hit...
( Change the KV parameter to 6.0, seems best for Carmen...)
Attached File(s)
File Type: mq4 ChandelierStops_v1.mq4   3 KB | 438 downloads
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