The CARMEN System Indicator | Page 40 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

The System Behind the System, by Merlin Jeffries 16 replies

200 Ema system - help me build a system ! 19 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: The CARMEN System Indicator
Exit Attachments

The CARMEN System Indicator

  • #781
  • Dec 17, 2009 11:03am Dec 17, 2009 11:03am
Hey Gerry B,
the lines are generated at pre determined distances (line 1 and Line 2),and as the white line hits them they either fall back to the blue/yellow or disapear if you have modified the code as per a previous post.

I find the first one helpfull but the second ,IMO, normally fails to hit more pips on a regular basis.
Hope this helps?

PS wednesday has come and gone, is Aiccia still available to update us on his work?
I hope this sentence is not construed as rushing him!! just curious and really excited as to the next Carmen,(Like many more I suspect).
  • #782
  • Dec 17, 2009 11:35am Dec 17, 2009 11:35am
Thanks for the info BOMBERO
  • #783
  • Dec 17, 2009 11:50am Dec 17, 2009 11:50am
Try putting a MACD on your charts with settings of: 13, 21, 5 and watch what happens once Carmen crosses and the MACD crosses above or below the zero line. Enter the trade when the MACD forms above/below the zero line. Exit the trade when the MACD bar pulls under/above the white signal line.

Seems like a good filter to me.

Good trading everyone... and many thanks to the creator of this wonderful indicator. I can't wait until the next version walks the red carpet.

PiPsAddict
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_carmen_v3.1.gif Size: 26 KB
Addicted and proud of it!
  • #784
  • Dec 17, 2009 11:59am Dec 17, 2009 11:59am
Is anybody able to make a conversion from Mt4 to MT5 for the original Carmen indicator?
/ ... clarifying decisions ... /
  • #785
  • Dec 17, 2009 12:37pm Dec 17, 2009 12:37pm
I know a lot of you will jump in and take the trade as the first candle and white line cross over, but it is not a convincing momentum change of trend. waited for for 2nd candle...did not go anywhere...3rd candle...We just have to wait.
Attached Image
  • #786
  • Dec 17, 2009 1:59pm Dec 17, 2009 1:59pm
Has anyone noticed the indicator repainting? Its not a hugh problem but just take note. Put the indicator on two charts of the same time period, let run for a good run. After CARMEN creates a new channel refresh one chart and you will see it repaint. So if CARMEN has been on your chart for awhile change the chart time back and forth to make sure it has a fresh channle for you to trade. Keep making great trades with CARMEN!!!!!!!

Derrick
  • #787
  • Dec 17, 2009 2:09pm Dec 17, 2009 2:09pm
Yes that is what I notice. I have been dealing with it by closing and relaunching MT4 every 30mins after the candle closes, and it recorrects itself. But Carmen still manages to bring me home consistent pips.

Quoting D-ramon
Has anyone noticed the indicator repainting? Its not a hugh problem but just take note. Put the indicator on two charts of the same time period, let run for a good run. After CARMEN creates a new channel refresh one chart and you will see it repaint. So if CARMEN has been on your chart for awhile change the chart time back and forth to make sure it has a fresh channle for you to trade. Keep making great trades with CARMEN!!!!!!!

Derrick
  • #788
  • Dec 17, 2009 2:22pm Dec 17, 2009 2:22pm
Hi Aiccia, thanks for the great indicators and your simple to follow system.

Quick question, have you decided what the best timeframes and pairs are for this?

I'm playing around with EURUSD M30 but i'd like your opinion.


thanks
  • #789
  • Dec 17, 2009 3:12pm Dec 17, 2009 3:12pm
Quote
PiPsAddict

Try putting a MACD on your charts with settings of: 13, 21, 5 and watch what happens once Carmen crosses and the MACD crosses above or below the zero line. Enter the trade when the MACD forms above/below the zero line. Exit the trade when the MACD bar pulls under/above the white signal line.

Seems like a good filter to me. http://cdn.forexfactory.com/images/s...m/thumbsup.gif
You' re right look like great i just put on my chart the MACD setting like yours, normally i use 30.60.30 on 15M or 30M.

Thank's for share ur MACD setting..

keep it up aicccia..
It's Designed and Balance
  • #790
  • Dec 17, 2009 5:16pm Dec 17, 2009 5:16pm
Quoting Bombero
PS wednesday has come and gone, is Aiccia still available to update us on his work?
I hope this sentence is not construed as rushing him!! just curious and really excited as to the next Carmen,(Like many more I suspect).
we are all like kids who have been promised a trip to the toy shop. eagerly waiting. However the master is at work and he will be ready when he is ready. i think great things are yet to come
  • #791
  • Dec 17, 2009 7:03pm Dec 17, 2009 7:03pm
Forexforex, all you need to do is right-click on either the blue or yellow line, then click on carmen's properties, then just click "OK". She will respond accordingly....
I feel more like I do now than I did a little while ago...
  • #792
  • Dec 17, 2009 8:01pm Dec 17, 2009 8:01pm
Yes that would be gret forexforex and you're abosolutely correct, that is the best way to learn as it's completely unambiguous.

I will appreciate it

Quoting forexforex
Tahiti,
Hey...I am done for today.
It is better to explain my methodology as I do my trades. When something presents a trading setup I'll post it here live as I enter my trades.. is that cool?
I hope Aiccia does not mind. I have not seen Aiccia in a while, so while I am waiting for Version 4, I guess I'll start posting again my live trades.
  • #793
  • Dec 17, 2009 8:14pm Dec 17, 2009 8:14pm
Hello all.Try a 30 ema HI and a LOW CHANNEL on your Carmen charts.When price breaks the carmen blue or yellow lines, then wait for price to close , above for buys and below for sells ,of the 30 ema channel.Try it this works real good as a filter for M1 or M30.GOD BLESS......SJ
  • #794
  • Dec 18, 2009 1:34am Dec 18, 2009 1:34am
I want to also add that,after a candle closes above/below the 30 channel,you can do "2" things:you can wait for the next candle to break the HIGH or LOW of the first candle that closed above /below the 30 channel or wait for the #3 candle like forexforex mentioned.Also,if it starts to form a range after price broke the 30 channel,then you wait for the range to be broken before getting in.DO NOT just get in on the first candle that closes above/below the 30 channel.This CHANNEL can be used as a filter with other technical factors.GOD BLESS...SJ
  • #795
  • Dec 18, 2009 1:56am Dec 18, 2009 1:56am
Quoting smpprj
I want to also add that,after a candle closes above/below the 30 channel,you can do "2" things:you can wait for the next candle to break the HIGH or LOW of the first candle that closed above /below the 30 channel or wait for the #3 candle like forexforex mentioned.Also,if it starts to form a range after price broke the 30 channel,then you wait for the range to be broken before getting in.DO NOT just get in on the first candle that closes above/below the 30 channel.This CHANNEL can be used as a filter with other technical factors.GOD BLESS...SJ...
hi, if based on ur reasoning... i think is not a good entry for 30EMA... please take a look at attached.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 108 KB
  • #796
  • Edited 3:02am Dec 18, 2009 2:30am | Edited 3:02am
Personally, I don't like to add any extra indicators to confirm a break of Carmen. I find they confuse more than they do good. I like to see maybe a break of a swing instead to confirm the momentum. Like today:
(Sorry, but I can help myself - what a textbook example of how price moves: Down move - consolidation - 1-2-3 reversal - price breaks the 2 point - creates a Ross hook - re-tests the previous break - breaks the hook and shoots up - hits the pivot point and creates a pin bar (just so happens to be a round number - confluence) - retraces before it shoots up again. And all on a 1 min chart - beautiful!)
Attached Image (click to enlarge)
Click to Enlarge Name: break.gif Size: 16 KB
  • #797
  • Dec 18, 2009 6:06am Dec 18, 2009 6:06am
KPForex it is just a suggestion for a filter,when it trends it works pretty good because price will retrace to the channel maybe a little bit into it then resumes again towards the initial trend.For times of ranging you have to use other technical analysis or just wait for the range to break.Also,for a M30 chart you can catch a nice trend.GOD BLESS...SJ
  • #798
  • Dec 18, 2009 6:46am Dec 18, 2009 6:46am
Wow! Thanks.. that works.

Quoting danatisgi
Forexforex, all you need to do is right-click on either the blue or yellow line, then click on carmen's properties, then just click "OK". She will respond accordingly....
  • #799
  • Dec 18, 2009 8:00am Dec 18, 2009 8:00am
I will be posting the new version momentarily.

Thanks for waiting.

  • #800
  • Dec 18, 2009 8:02am Dec 18, 2009 8:02am
Quoting aicccia
I will be posting the new version momentarily.

Thanks for waiting.

Take your time mate. We will test it thoroughly and report back.

take care.
1 trader viewing now