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Attachments: The CARMEN System Indicator
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The CARMEN System Indicator

  • #581
  • Dec 5, 2009 10:49am Dec 5, 2009 10:49am
Nice strategy..almost zero-loss
But I have to watch the market all the time, can I use it in bigger tf?
  • #582
  • Edited 9:20pm Dec 5, 2009 9:15pm | Edited 9:20pm
I noticed that if you use the indicator with a 4.0 space on 15 min charts, the results are great. Many false signals are eliminated, although you do still get some. Also, If I am going long I will set my stop 3 pips below the yellow line (27 pips with a 4.0 space), and when I get to 25 pips, I break even. Once I have broken even I move my stop with the dark blue line as it continues up. do the opposite for a short trade.

Here are the results From Nov. 2nd to Dec. 4th for GU using the above parameters:

Winning Trades: 29
Losing Trades: 14

Total Profit: +1766 pips

Keep in mind, this I went through quickly so it is not perfect, but you get the idea. It would be great if the EA had the capablity to set the spacing and exit parameters similar to this!
  • #583
  • Edited 11:10pm Dec 5, 2009 10:51pm | Edited 11:10pm
Quoting techfan1128
I noticed that if you use the indicator with a 4.0 space on 15 min charts, the results are great. Many false signals are eliminated, although you do still get some. Also, If I am going long I will set my stop 3 pips below the yellow line (27 pips with a 4.0 space), and when I get to 25 pips, I break even. Once I have broken even I move my stop with the dark blue line as it continues up. do the opposite for a short trade.

Here are the results From Nov. 2nd to Dec. 4th for GU using the above parameters:

Winning Trades: 29
Losing Trades: 14

Total...

thank you for taking the time to look at the system. In version v3.3 it will take only 10 pips to breakeven on a false cross.
  • #584
  • Dec 6, 2009 5:04am Dec 6, 2009 5:04am
Quoting aicccia
thank you for taking the time to look at the system. In version v3.3 it will take only 10 pips to breakeven on a false cross.
Hi Aicccia

It keeps getting better!!

Just wondering, will v3.3 be the EA, or just an improved carmen indi.

Many thanks
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #585
  • Dec 6, 2009 5:17am Dec 6, 2009 5:17am
Quoting Ezzy
Hi Aicccia

It keeps getting better!!

Just wondering, will v3.3 be the EA, or just an improved carmen indi.

Many thanks
Ezzy
well unless I figure out the bug in this post, there won't ever be an EA. And that's no joke.

I'll release v3.3(the indicator) in a few days when I've had a chance to test the alerts.
  • #586
  • Dec 6, 2009 7:23am Dec 6, 2009 7:23am
Quoting aicccia
well unless I figure out the bug in this post, there won't ever be an EA. And that's no joke.

I'll release v3.3(the indicator) in a few days when I've had a chance to test the alerts.

I do not know whether this will help or not but my understanding from another forum is that "when you use an indicator by calling it from within an EA using an "iCustom" call, each time the indicator is called, it's loaded into memory, initialized, performs it's buffer array calculations, returns the value of a designated buffer slot to the EA, and then unloads itself from memory."

Certain functions are only effective on a version of the indicator that is loaded and persistent on a chart. Basically, the indicator is loaded in memory and stays there, allowing the indicator functions to do their thing as each new price bar forms.

Consequently, because of the way EA's call indicators, the signals derived or lines produced within an EA that places iCustom calls (in this case to the carmen indicator) may not correspond to many of the actual lines/dashes painted by the carmen indicator that is loaded on a chart.

To overcome this issue would it be possible to include or embed the indicator code/logic within the EA instead of making iCustom calls to the indicator?
  • #587
  • Dec 6, 2009 7:37am Dec 6, 2009 7:37am
Quoting saintmo
I do not know whether this will help or not but my understanding from another forum is that "when you use an indicator by calling it from within an EA using an "iCustom" call, each time the indicator is called, it's loaded into memory, initialized, performs it's buffer array calculations, returns the value of a designated buffer slot to the EA, and then unloads itself from memory."

Certain functions are only effective on a version of the indicator that is loaded and persistent on a chart. Basically, the indicator is loaded in memory and...
I have strongly suspected that this was how indicators and custom indicators worked and I did try to to embed the indicator logic in the EA. But my indicator needs to calculate from the beginning of the chart to arrive at the correct values for any single bar, and with an EA, I do not see how this is possible. I was not able to get the indicator logic to calculate bars from prior to the beginning of the backtest.

However you said that icustoms get loaded, initialized and calculated for each call, and if this is so, then I shouldn't have a problem. I don't care that the icustom is being re-loaded constantly, my first bridge to cross is just to get it to arrive at the same value for each bar as when it's loaded onto a chart.
  • #588
  • Dec 6, 2009 8:11am Dec 6, 2009 8:11am
Quoting aicccia
I have strongly suspected that this was how indicators and custom indicators worked and I did try to to embed the indicator logic in the EA. But my indicator needs to calculate from the beginning of the chart to arrive at the correct values for any single bar, and with an EA, I do not see how this is possible. I was not able to get the indicator logic to calculate bars from prior to the beginning of the backtest.

However you said that icustoms get loaded, initialized and calculated for each call, and if this is so, then I shouldn't have a problem....
Is there any body that can help us with this problem cuz I think we should bombard their inbox, i'm sure that will get the attention of other programmers.
  • #589
  • Dec 6, 2009 8:25am Dec 6, 2009 8:25am
Quoting aicccia
However you said that icustoms get loaded, initialized and calculated for each call, and if this is so, then I shouldn't have a problem. I don't care that the icustom is being re-loaded constantly, my first bridge to cross is just to get it to arrive at the same value for each bar as when it's loaded onto a chart.
I wish I could help, but in trying to code an EA for this indicator I am encountering the same problem. Although it seems like it should work there must be something that recalculates differently upon each independent call.
  • #590
  • Dec 6, 2009 9:30am Dec 6, 2009 9:30am
I'll be asking some coder friends aicccia from tommorow morning onwards
  • #591
  • Dec 6, 2009 10:18am Dec 6, 2009 10:18am
Quoting techfan1128
I noticed that if you use the indicator with a 4.0 space on 15 min charts, the results are great. Many false signals are eliminated, although you do still get some. Also, If I am going long I will set my stop 3 pips below the yellow line (27 pips with a 4.0 space), and when I get to 25 pips, I break even. Once I have broken even I move my stop with the dark blue line as it continues up. do the opposite for a short trade.

Here are the results From Nov. 2nd to Dec. 4th for GU using the above parameters:

Winning Trades: 29
Losing Trades: 14

Total...
interesting, i've recently been using 15M with more success given my limited amount of trading time. I'll experiment with your settings and see what I come up with. Guess I should devote a demo to this.

Thanks again aiccia!
  • #592
  • Dec 6, 2009 4:53pm Dec 6, 2009 4:53pm
Hi All, Its good to be back.

Mkt is open for another wk and I wish u all success and loads of pips this week.

Looking forward to a good carmen week.

Already looking to catch something from EURJPY playing the gap with carmen 5mins.

I was able to catch it at 134.03, aiming for 134.40 first TP (to close the gap). My SL is below the Yellow line as usual and am trying the space 4.0 on the 5 mins chart.

Who says carmen does not play gap....lol
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  • #593
  • Dec 6, 2009 11:47pm Dec 6, 2009 11:47pm
Quoting aicccia
well unless I figure out the bug in this post, there won't ever be an EA. And that's no joke.

I'll release v3.3(the indicator) in a few days when I've had a chance to test the alerts.
No probs Aicccia.

I am no coder, but let me know if there is anything I can do.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #594
  • Dec 7, 2009 12:27am Dec 7, 2009 12:27am
What time will this indicator perform well? (1 min tf)
US-London overlapping sessions?
  • #595
  • Dec 7, 2009 8:26am Dec 7, 2009 8:26am
Going short NZD/JPY. Also broke daily support and trend line
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  • #596
  • Dec 7, 2009 9:31am Dec 7, 2009 9:31am
I took the trade to sell here and got me 50 pip. Thanks again
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  • #597
  • Dec 7, 2009 11:06am Dec 7, 2009 11:06am
Bought @ 1.6426.. Wish me luck.
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  • #598
  • Dec 7, 2009 12:01pm Dec 7, 2009 12:01pm
sold and out @ 1.6466 + 40pips

Total pips today: +90 pips

Thanks again.
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  • #599
  • Dec 8, 2009 3:16am Dec 8, 2009 3:16am
Hi guys,

First of all a great thanks to Aicccia for the awesome indicator.

I've been following this thread since its inception and I thought I would add my two cents.

We all know that carmen gives awesome entries. I just wanted to show you guys how I filter out good and bad entries and get my exits.

As seen in the screenshot, I use the ADX indicator to filter out any possible range bound trades and also use it to enter trades that are bound to trend. I will take a long if the 3ema had crossed up past the blue line on carmen and the +DI has crossed the -DI, also I will see if the ADX line is starting to rise up from 20 or is rising past 25 to determine if this will continue as a trend. To exit the long I will simply exit once the +DI has closed beneath the -DI. Vice versa for shorts.

To filter out bad trades, I will not take any trades when the 3ema crosses carmen and the ADX is below 20. I will also look at higher timeframes such as the 1H and 4H to determine the long term trend and I will only trade in that direction. I've noticed this method of trading carmen is primarily successful on higher timeframes such as 15m and 30m.

If you go back and look at last week you will see that it only gives you a couple of trades per week, and following the guidelines I listed this will keep your losses at a shear minimum if not at zero and give you huge profits.

Just my two cents and any feedback as to how to improve this or any kind of feedback would be appreciated. Thank You

Again thanks to Aicccia
I'm still demoing this way of trading Carmen
Attached Image (click to enlarge)
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  • #600
  • Dec 8, 2009 3:42am Dec 8, 2009 3:42am
Quoting mannai70
Hi guys,

First of all a great thanks to Aicccia for the awesome indicator.

I've been following this thread since its inception and I thought I would add my two cents.

We all know that carmen gives awesome entries. I just wanted to show you guys how I filter out good and bad entries and get my exits.

As seen in the screenshot, I use the ADX indicator to filter out any possible range bound trades and also use it to enter trades that are bound to trend. I will take a long if the 3ema had crossed up past the blue line on carmen and the +DI has...
Mannai

Interesting points.

I am finding that for my style of trading, carmen has better results on the 1hr GU only.

Higher timeframes (4hr, daily) show the overall trend and help me to filter bad trades. So if if the overall trend is short, I'll wait for price to retrace and cross above carmen on the 1hr, then I wait for price to cross back below carmen and then I open my trade.

My 5 cents worth.

Ezzy
What you do is a reflection of you....what I do is a reflection of me.
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