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Attachments: The CARMEN System Indicator
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The CARMEN System Indicator

  • #741
  • Dec 14, 2009 9:19pm Dec 14, 2009 9:19pm
in a ranging market, isn't Carmen just the same (because it stays as horizontal lines and doesn't track price) as putting two horizontal lines midway on the chart and only trading when price is either side of them?
  • #742
  • Dec 14, 2009 9:36pm Dec 14, 2009 9:36pm
oh gosh, woke up and found that i missed another long entry... looking forward to the EA for this so that i wont miss out anything..

forexforex, so from the chart, you would enter long at the 3rd candle which is around 1.6282?
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  • #743
  • Dec 14, 2009 9:47pm Dec 14, 2009 9:47pm
Hi ,
The spacing of 0.0001 is too samll which is why the blue and yellow lines merge.
Thanks
Quoting forexforex
Hi AICCCIA
I got my 50 pips target today already and counting.

Can you please look at Carmen with the setting posted in POST # #674
Some are having difficulty though with the setup. Can you please double check when you can? I see that I can get a better entry using it. It just that I have to close and open MT4 every 30 minutes to get the the indicator to readjust corretly...not sure if this is a lag.
I hope it is not much to ask.

Thank you very much.
forexforex...
  • #744
  • Dec 14, 2009 11:46pm Dec 14, 2009 11:46pm
aicccia,

Thank you so much for your work on the Carmen system indicator. Great job!

I did have one tweak I did on version 3.1 to take away a little clutter on the trailing stops (range1 and range2) once they reached the averagefx (white) line. Once those red and orange lines touched the white line they made one more line to match up with the blue or yellow lines. I took out that last line.

The lines with the comments (red) are what I changed:

if(order==1) {
top[i]=step1;
bottom[i]=step1-buffer;
if(step2Close==false) { range1[i]=step2; }
if(step2Close==true) { range1[i]=EMPTY_VALUE; } //top[i]
if(step3Close==false) { range2[i]=step3; }
if(step3Close==true) { range2[i]=EMPTY_VALUE; }} //top[i]

if(order==2) {
top[i]=step1+buffer;
bottom[i]=step1;
if(step2Close==false) { range1[i]=step2; }
if(step2Close==true) { range1[i]=EMPTY_VALUE; } //bottom[i]
if(step3Close==false) { range2[i]=step3; }
if(step3Close==true) { range2[i]=EMPTY_VALUE; }} //bottom[i]


Plus a thought on your EA problem (your #585 post): when you were coding your EA and using iCustom - for the shift parm did you use 1 (not 0)? I had troubles once in an EA using 0 as it is the current open bar and is unpredictable while 1 is the previous finished bar.

Hope these help.


Mark
  • #745
  • Dec 15, 2009 12:50am Dec 15, 2009 12:50am
Quoting nickmead
set automatic TP and SL to false. Set TP to your TP2. Set First take profit to your TP1, I have it set to 50 percent so it closes half at TP1 which I have set at 10pips. I set break even at 10 pips and lock in 1pip for the second half. TP for the second half is set at 30. I start trailing at 10 with a 5 pip trailing step.

Here is my set file. I zipped it because .set files would not upload

cheers
Nice EA nick, I like it, many thanks.
What you do is a reflection of you....what I do is a reflection of me.
  • #746
  • Dec 15, 2009 6:49am Dec 15, 2009 6:49am
Does this system work with any timeframe? if the answer is yes, what timeframe is the better one based on your experience?
  • #747
  • Dec 15, 2009 7:07am Dec 15, 2009 7:07am
Quoting charlieman99
Does this system work with any timeframe? if the answer is yes, what timeframe is the better one based on your experience?
Hi Chalieman,

You need to find what suit you best. The originator reccomended 1 min on GU (default settings), however, other people on the forum have come up with the time frame that best suited them.

Personally, I think its best to play around with it, find what your personality can cope with, develop a trading strategy around it...and u will be smilling to the bank daily....dats the truth.

I hope this help......
  • #748
  • Dec 15, 2009 7:21am Dec 15, 2009 7:21am
Could someone please clarify the instrucitons:

When the white line is above the yellow and blue lines, BUY.
Then when the white lines falls below the yellow and blue lines, close the buy and SELL.
Then when the white lines rises back above the yellow and blue lines, close the sell and BUY again.

In a ranging market where the blue and yellow lines essentially remain as horizontal parallel lines, "close the sell and buy again/close the buy and sell again" (continuous trading/always having an order open) will generate a loss on each trade equal roughly to the pips distance between the lines.

Could someone please clarify thanks.
  • #749
  • Dec 15, 2009 7:50am Dec 15, 2009 7:50am
manage to try the Quik Trailing EA when the line falls below the yellow and blue line at the 2nd candle.

I go short at 1.6232 for 5 lots. But how come it take profit for 50% at 1.6218 instead of 1.6222?

From the graph, it states First Take Profit is On (50% at +10pips) so it should be 1.6222? pls correct me if i am wrong.. thanks
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  • #750
  • Dec 15, 2009 8:57am Dec 15, 2009 8:57am
Quoting KPForex
manage to try the Quik Trailing EA when the line falls below the yellow and blue line at the 2nd candle.

I go short at 1.6232 for 5 lots. But how come it take profit for 50% at 1.6218 instead of 1.6222?

From the graph, it states First Take Profit is On (50% at +10pips) so it should be 1.6222? pls correct me if i am wrong.. thanks
You are right, however if the market was moving fast at that time it would have entered the order when the price was 1.6222 and might have been filled a few pips later. By default the EA allows for max slippage of 5. Nice trade by the way

cheers

N
  • #751
  • Dec 15, 2009 9:14am Dec 15, 2009 9:14am
Quoting nickmead
You are right, however if the market was moving fast at that time it would have entered the order when the price was 1.6222 and might have been filled a few pips later. By default the EA allows for max slippage of 5. Nice trade by the way

cheers

N
i see....so actually by right it would have close half the lots (2.5 lots) at 1.6222? but i still does not understand why it close at 1.6218 instead? what does it means by slippage of 5 pips?

It would have been even better if we would have a EA on this, so that we would not miss the entry...
  • #752
  • Dec 15, 2009 9:59am Dec 15, 2009 9:59am
Quoting KPForex
i see....so actually by right it would have close half the lots (2.5 lots) at 1.6222? but i still does not understand why it close at 1.6218 instead? what does it means by slippage of 5 pips?

It would have been even better if we would have a EA on this, so that we would not miss the entry...
sometimes in the time from when the order is submitted to when it is executed the price changes, this is slippage. Sometimes your broker gives you a requote when the slippage is high.

Yes an EA would be nice


cheers
  • #753
  • Dec 15, 2009 10:09am Dec 15, 2009 10:09am
Quoting nickmead
sometimes in the time from when the order is submitted to when it is executed the price changes, this is slippage. Sometimes your broker gives you a requote when the slippage is high.

Yes an EA would be nice


cheers

Yep I agree an EA would be nice? Where is Ronald Raygun when you need him???
  • #754
  • Dec 15, 2009 10:47am Dec 15, 2009 10:47am
Quoting Bombero
Yep I agree an EA would be nice? Where is Ronald Raygun when you need him???
I am surprised that Ron or Swingman hasn't put together something.

You normally have at least 1 or two programmers working on these things. Get's a little confusing at times.....

However, credit where credit's due, aicccia has done a fantastic job on this indicator. Thanks for sharing your work aicccia.

I look forward to seeing your EA (tomorrow?).

Warm Regards,

fxtrader08
  • #755
  • Dec 15, 2009 11:16am Dec 15, 2009 11:16am
Quoting fxtrader08
I am surprised that Ron or Swingman hasn't put together something.

You normally have at least 1 or two programmers working on these things. Get's a little confusing at times.....

However, credit where credit's due, aicccia has done a fantastic job on this indicator. Thanks for sharing your work aicccia.

I look forward to seeing your EA (tomorrow?).

Warm Regards,

fxtrader08
Hey Guys....Let's show a little patience here. This is aiccia's thread, his idea, his indicator which he has been kind enough to share with us. When he has a problem he has shown no hesitation in asking for coding help. While I have great respect for the coders mentioned in the quoted post I don't feel it is our responsibility to suggest that other coders jump into the thread. I would presume that the above referenced coders concur with this opinion. Aiccia has been more than generous in keeping us up to speed and answering our questions when asked so let's keep off his back.
  • #756
  • Dec 15, 2009 11:24am Dec 15, 2009 11:24am
JR, I couldn't agree more. Aiccia has given us a gift, a gift some of us truly appreciate for its simplicity and ingenuity. Of course an EA would be nice, but we all need to be thankful for what he has already shared, not whine because we might have to put forth some effort of our own. Here's a thought, "Study to show thyself approved!" If an Ea shows up in the future - fine; if not - fine. We're already light years ahead of where we would be without this indicator.....
I feel more like I do now than I did a little while ago...
  • #757
  • Edited 12:12pm Dec 15, 2009 11:49am | Edited 12:12pm
Hi AICCCIA, GOOD MORNING to you and all! It is 2 am (GMT+8)

Have been reading this thread since I found it around 24 hrs ago.

Thanks for the patience and great work on this thread. As I am new here and only started reading up to page 4 but did read up on the last ten pages.

Firstly, I have problem downloading to my MT4 platform and following your instructions on post #51. However, the "compile" button is disabled. How do I get it enabled. Tried fumbling around with "help button" to find a solution myself instead of troubling others but in vain.

Being a late comer and the thread is far ahead, with so much CONSTANTLY CHANGING INFORMATION, it is quite impossible to catch up or filter what is obsolete and what is current especially in the area of indicators.

Hope u do not mind responding to this SOS call from a newbie to this thread. Been trying to make notes here and there.

Well here is to wish everyone on this thread a Blessed Christmas and Happy Pipping for the New Year!
  • #758
  • Dec 15, 2009 11:51am Dec 15, 2009 11:51am
I agree.. let's be patient. As you have may noticed I stopped posting my trades because my style of trading 30min is different from Aiccia's trading system. I do not want to sway him with his original idea about Carmen's capability.
  • #759
  • Dec 15, 2009 12:05pm Dec 15, 2009 12:05pm


Knowing trees, I understand the meaning of patience. Knowing grass, I can appreciate persistence.

Anon
  • #760
  • Dec 15, 2009 1:33pm Dec 15, 2009 1:33pm
I'm new in the game (my first post) and feel fortunate to have come across this thread (name CARMEN drew my attention). I've read the post from page 1 and so far there seems to be a good group of members both following and contributing.
aicccia thank you for your gift and your unselfishness. I've yet to try out Carmen but everyone here seems to be benefiting from her charm. I'm looking forward to doing the same.

Once again, thanks aiccia and good luck in all you do.
God Bless....
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