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Attachments: The CARMEN System Indicator
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The CARMEN System Indicator

  • #821
  • Dec 18, 2009 12:48pm Dec 18, 2009 12:48pm
Quoting Jostein
Hello aicccia.

When I open my Metatrader, sometimes the alarm goes off incessantly - sounds like a machine gun or something. This happens even if I have the alarm set to 'off'. I then close Metatrader and re-open and the alarm doesn't go off anymore. Not sure what is going on. Also the way I changed thickness on the lines resets itself back to the default setting, colours stay the way I set them. And please, this is not complaining, just trying to help with the debugging.

Thanks again aicccia
yeah, sorry about that. I've released a fix for that. v4.01 should have that problem corrected, but please let me know right away if it's still happening. v4.01 is on the first post.
  • #822
  • Dec 18, 2009 12:58pm Dec 18, 2009 12:58pm
Thanks for the reply. Actually I am on version 4.0.1 and the resetting of the thickness still happens.

I think I figured out when the alarm bug happens. I am on dial up (trading the 1M on dial-up - can you imagine?), so each time I log onto internet with my Metatrader open, the alarm bells go off! :-)
  • #823
  • Dec 18, 2009 1:12pm Dec 18, 2009 1:12pm
Quoting Jostein
Thanks for the reply. Actually I am on version 4.0.1 and the resetting of the thickness still happens.

I think I figured out when the alarm bug happens. I am on dial up (trading the 1M on dial-up - can you imagine?), so each time I log onto internet with my Metatrader open, the alarm bells go off! :-)
does the alarm still go off with v4.01? It's not going off here on my computer.
  • #824
  • Dec 18, 2009 1:41pm Dec 18, 2009 1:41pm
when the MA cross the channel it does not appear in yellow each time...

as per your rules, it should be ..am i right ?

using 4.01
  • #825
  • Dec 18, 2009 3:07pm Dec 18, 2009 3:07pm
aicccia,

I too was having trouble with the alert before the fix. It now appears to be fine.

A little clarification, please, on the MA colors:
Yellow = Enter trade
Green = Exit half position
Red = ?

Great job on the indy and many thanks!
  • #826
  • Dec 18, 2009 4:44pm Dec 18, 2009 4:44pm
Hello aicccia,

The alarm doesn't seem to go off anymore, but it might have to do with that there is nothing going on on the chart anymore. We'll see how things are when markets open again on Sunday. The line thickness reverting back is still a problem. I've checked and double checked that I am on version 4.01.

Oh well, if I am the only one having problems with it, never mind. I can live with it.
  • #827
  • Dec 18, 2009 4:51pm Dec 18, 2009 4:51pm
aicccia

thanks much for the indicator. I, too, am having the lines reverting back to their original thickness.
  • #828
  • Dec 18, 2009 5:02pm Dec 18, 2009 5:02pm
If this works, I reckon that it will not work for long.

Why?

Because as soon as a thousand or so people start taking the same identical trades and consistently making money, their combined presence in the market will start to weight it and the market will start to stall at Carmen levels and behave differently suddenly, and ultimately then start to go against Carmen trades.

I've noticed it time and time again with other good systems over the last 8 years.

Just watch and see.
  • #829
  • Dec 18, 2009 5:22pm Dec 18, 2009 5:22pm
Quoting tahiti
If this works, I reckon that it will not work for long.
I've noticed it time and time again with other good systems over the last 8 years.
REALLY? Then just name a few.......

I find it really impossible in this huge market, with millions of players, over a thousand of brokers, big banks, etc. that even many traders like us have a chance to affect anything. It would be like dropping a drop of red ink in a swimming pool and expect the pool to become red....
Usually, when a system fails is because market conditions changed and a bad system can't follow it anymore.
  • #830
  • Dec 18, 2009 6:06pm Dec 18, 2009 6:06pm
Carmen would have made sure you'd have stayed out of the trade at this chaotic period.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY Ranging.jpg Size: 66 KB
  • #831
  • Dec 18, 2009 6:13pm Dec 18, 2009 6:13pm
Quoting Big E!
aicccia,

I too was having trouble with the alert before the fix. It now appears to be fine.

A little clarification, please, on the MA colors:
Yellow = Enter trade
Green = Exit half position
Red = ?

Great job on the indy and many thanks!
Can anyone answer this query as I too am not too sure as to the rules as posted?


Don't marry for money. You can borrow it cheaper.
(anon)
  • #832
  • Dec 18, 2009 6:17pm Dec 18, 2009 6:17pm
Quote
REALLY? Then just name a few.......http://cdn.forexfactory.com/images/s...m/thinking.gif

Yes,right,we are all making huge profits and we produced world crisis.All the money gone to retail traders pockets and that is why banks are broke.

But...we will keep fighting so keep the good work aicccia,maybe this one will work.
Try to add range lines (old support/resistance) when carmen turns red...it is better to buy low and sell high in those market conditions instead of standing aside and watching carmen lines was broken by 30 pips before reversing.
For 1 min time frame 20-30 pips are huge profit.
  • #833
  • Dec 18, 2009 6:18pm Dec 18, 2009 6:18pm
Bombero red lines = exit trade and stand aside.

However if the channel has turned red, then simply exist the position, but do not open a new one.

***from first post,please read it before asking such questions***
  • #834
  • Edited 7:36pm Dec 18, 2009 7:09pm | Edited 7:36pm
deepdrunk,

The question refers to the MA colors, not the Channel!

At this point it is not clear to me what the red MA color means since it was not referred to in the first post. If you look back on your chart you will see at times it turns red at some point after the channel turns red.
  • #835
  • Dec 18, 2009 7:20pm Dec 18, 2009 7:20pm
Quoting kostas1
REALLY? Then just name a few.......

I find it really impossible in this huge market, with millions of players, over a thousand of brokers, big banks, etc. that even many traders like us have a chance to affect anything. It would be like dropping a drop of red ink in a swimming pool and expect the pool to become red....
Usually, when a system fails is because market conditions changed and a bad system can't follow it anymore.
CONCUR!!! I can just see the banks and hedgers dropping everything to go after the small trader because an indicator seems to be working well. HO HO HO MERRY CHRISTMAS!
  • #836
  • Dec 19, 2009 2:52am Dec 19, 2009 2:52am
Quoting aicccia
I have just posted CARMEN v4 on the first post.

She behaves and looks different from v3.1, so even you've been using CARMEN since day 1, please re-read the first post as its been updated with the new rules and features.

Also as I said before, I'm not putting out the source code anymore. So CARMEN is just an .ex4 file, which means all you need to do is put her in your indicator folder. ere is no need to compile her.
Hi Aicccia

I have just downloaded the new version. Many thanks for V4 my friend http://cdn.forexfactory.com/images/icons/icon7.gif

It looks as though you have been putting in many hours of work on this project, from the first carmen indi to V4.

I hope that you are also having the opportunity to be doing some trading yourself.

Once again thanks and hope that you enjoy Caren as much as we do.
What you do is a reflection of you....what I do is a reflection of me.
  • #837
  • Edited 4:14am Dec 19, 2009 3:55am | Edited 4:14am
Quoting tahiti
If this works, I reckon that it will not work for long.

Why?

Because as soon as a thousand or so people start taking the same identical trades and consistently making money, their combined presence in the market will start to weight it and the market will start to stall at Carmen levels and behave differently suddenly, and ultimately then start to go against Carmen trades.

I've noticed it time and time again with other good systems over the last 8 years.

Just watch and see.
If everyone is buying(or selling) at the same time, this would cause the market go in the direction of our trades. What are you talking about?

But there is a secret about carmen that I have not talked about.

Imagine a "W".
Now imagine an "M".

They are the same symbol, just reversed.
Carmen can trade the market the same way. Just change a few settings and the lines will be completely different, but still profitable.

There have been several threads on forefactory about using high-level math to screen out the market noise and isolate the true signal/trend of the market. I don't believe there is only one true trend in the forex market, I believe there are hundreds. So who said we all had to trade the same trend?

For some, a slower daily trend is more attractive.
For others, they love the excitement of a hourly trend.
Maybe you feel more comfortable securing profit early.
Perhaps you believe in letting the "trend grow".

Trading styles are infinite, so to each his own.

With a few quick changes, carmen can do it all.
  • #838
  • Dec 19, 2009 5:02am Dec 19, 2009 5:02am
Dear Aicccia

You've done remarkable work with this new indicator and will it loaded on my charts next week.

I wondered if you still plan to pull together an EA, I know it was on the cards but maybe you've decided against the idea?

Unfortunately, I (like many others) have to work full time and can only dabble in some trading here and there so EA's do help a great deal for me and I am sure many others. I believe that to make a living from currency trading (which ultimately I'd like to work towards) would require a very large capital base to work with. I'm not there yet!...sadly.

Anyway thanks again for sharing your work and I'll continue to read this thread daily.

Warm Regards and Seasons Greetings,

fxtrader08
  • #839
  • Dec 19, 2009 5:15am Dec 19, 2009 5:15am
Hi Deepdrunk, Both Big E and I asked a question which you attempted to answer however you must read the question properly before posting or you will once again give a totally wrong answer.

Can anyone else please answer us without refering us to the first post of a thread we have both been following and contributing to from the strt?

Many Thanks
  • #840
  • Dec 19, 2009 5:23am Dec 19, 2009 5:23am
Quoting Bombero
Hi Deepdrunk, Both Big E and I asked a question which you attempted to answer however you must read the question properly before posting or you will once again give a totally wrong answer.

Can anyone else please answer us without refering us to the first post of a thread we have both been following and contributing to from the strt?

Many Thanks
"However if the channel has turned red, then simply exist the position, but do not open a new one. "

While the channel may already be red, warning you to not to open a new position, the MA doesn't turn red till it crosses through the opposite side of the channel from which the trade was opened. This signals the appropriate time to exit any remaining open position.

Sorry for the confusion.
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