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Attachments: The CARMEN System Indicator
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The CARMEN System Indicator

  • #841
  • Dec 19, 2009 5:31am Dec 19, 2009 5:31am
An answer from the main man!!!!
Thanks

  • #842
  • Edited 11:22am Dec 19, 2009 5:31am | Edited 11:22am
Quoting fxtrader08
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?

fxtrader08
I'm planning for the EA to be next. I'm setting a tentative goal to have the first EA version out before the new year.
  • #843
  • Dec 19, 2009 7:21am Dec 19, 2009 7:21am
Once again, another master piece by aicccia...thanks a million for your incredible effort.

I put the new indicator with default settings on 1min. cable chart, but the default colors are: olive, yellow and red. I assume when you refer to green color, it is actually olive...correct?

Also, do you recommend trading carmen during major news hours?
  • #844
  • Dec 19, 2009 9:02am Dec 19, 2009 9:02am
Quoting aicccia
I'm planning for the EA to be next.
Cheers Aicccia

I'll see if in the coming week I can make some pips with the indicator. Still testing it on demo at the moment but I know others are using it live and they are usually pretty good at posting results on here.

All the best to you,

fxtrader08
  • #845
  • Dec 19, 2009 9:03am Dec 19, 2009 9:03am
aicccia I think I... love u
  • #846
  • Dec 19, 2009 10:04am Dec 19, 2009 10:04am
Aiccia.... Just wanted to wish you and all the followers of this thread a Merry Christmas. We all appreciate the effort you are putting into this as well as your original concept. Regardless of our particular religious persuasion sharing is a commendable attribute in every one. Thank you for sharing.
  • #847
  • Edited 12:46pm Dec 19, 2009 11:17am | Edited 12:46pm
Let me see if I got the trade rules straight.

When the channel lines are Green and the MA turns yellow and moves outside the channel, open a new trade. If price is below the channel, open a sell. If it is above the channel, open a buy.

When the MA turns from yellow to green, close 50% of your position. Close the second 50% of the position when the MA crosses the channel again. (If the MA never changes from yellow to green, this means price has suddenly retraced.)

If the channel is still green when price passes through the opposite side of the channel, exit the position and open a new one in the opposite direction.

If the channel has turned red when price passes through the opposite side of the channel, exit the position and DO NOT open a new one. Stand aside and wait for the channel to turn green and the MA to turn yellow (and move outside the channel), again.

If the MA turns red and crosses through the opposite side of the channel from which the trade was opened, exit any remaining position. The channel may already be red, warning you not to open a new position.

Aiccia, please edit if anything is incorrect or needs clarification. I believe you have successfully achieved your goals (especially the 2 new ones) with this version! Much easier to use than the previous versions. Looks very promising based on backtesting.
  • #848
  • Dec 19, 2009 12:16pm Dec 19, 2009 12:16pm
Thank you Aicccia, for your hard work.

Guys, question, how do I close 50% of my open order in MT4?

How to close position partially?

Let's say I open "Buy 0.40 lot", now I want to close 0.20 of that open position

And keep the rest 0.20 running?

Is there special script for it?

Thanks.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #849
  • Dec 19, 2009 12:50pm Dec 19, 2009 12:50pm
Quoting SkyzerFX
Thank you Aicccia, for your hard work.

Guys, question, how do I close 50% of my open order in MT4?

How to close position partially?

Let's say I open "Buy 0.40 lot", now I want to close 0.20 of that open position

And keep the rest 0.20 running?

Is there special script for it?

Thanks.
I just open 2 positions.
  • #850
  • Dec 19, 2009 1:24pm Dec 19, 2009 1:24pm
Here is the script:
Attached File(s)
File Type: mq4 Close all half.mq4   < 1 KB | 422 downloads
  • #851
  • Dec 19, 2009 2:53pm Dec 19, 2009 2:53pm
How to close position partially?

Let's say I open "Buy 0.40 lot", now I want to close 0.20 of that open position

And keep the rest 0.20 running?

> rightclick on your open order, select close

in pop-up window u enter 0.20(ur example) in the "volume" tab

then close order and ur done.
patience pays
  • #852
  • Dec 19, 2009 3:04pm Dec 19, 2009 3:04pm
Quoting madscalp
Here is the script:

Thank you!
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #853
  • Edited 4:00pm Dec 19, 2009 3:45pm | Edited 4:00pm
Also, guys, you might want to check this script (Close and Reverse)

It's closing existing position and opens appositive direction one

with the same lot. So, if, you have let's say 0.10 lot Buy order

it should close it and open 0.10 Sell order on the same currency.,

Should be handy for Carmen actions. Test it on Demo first..

Or in our Case if you take 1/2 profit already then when you open appositive direction order

you want to close existing half and open half *2. I modified that line in the script

================
OrderSend(Symbol(), op, ordLots[i]*2, prc,5,0,0,ordComments[i]+"[Rev]");
===============

and now have 2 scripts one just Close and reverse the same Lot and another Close and revers double lot
Attached File(s)
File Type: mq4 Close and Reverse.mq4   2 KB | 437 downloads
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #854
  • Dec 19, 2009 5:16pm Dec 19, 2009 5:16pm
This indicator looks similar to ichimoku , with only tenkan sen and kijun sen .
Just an observation .
  • #855
  • Dec 20, 2009 12:09am Dec 20, 2009 12:09am
yo all bro, i put in e new indicator (v 4) in my chart, but however i only get two color, please see my attached...

is it correct? thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 128 KB
  • #856
  • Dec 20, 2009 2:03am Dec 20, 2009 2:03am
Quoting KPForex
yo all bro, i put in e new indicator (v 4) in my chart, but however i only get two color, please see my attached...

is it correct? thanks
make sure you have v4.01. There were one or two bugs that go released in the v4.00 version.
  • #857
  • Dec 20, 2009 2:31am Dec 20, 2009 2:31am
Hi Jollyroger..

Do you combine this indicator with the MP 350 pips a day method ?

im just wondering wich system/method you think is best ?

regards Lille...
StopLoss is for none belivers... Trust the Gurus..
  • #858
  • Dec 20, 2009 5:45am Dec 20, 2009 5:45am
Quoting aicccia
make sure you have v4.01. There were one or two bugs that go released in the v4.00 version.
yup, i am using v4.01... but is it the same as what urs setup?
  • #859
  • Dec 20, 2009 8:33am Dec 20, 2009 8:33am
Quoting lillelise
Hi Jollyroger..

Do you combine this indicator with the MP 350 pips a day method ?

im just wondering wich system/method you think is best ?

regards Lille...
Hi Lillelise....That's a tough question to answer and I'm not sure that this thread is the best place to do it. Carmen is both an indicator and a developing system. MP has taught me how to trade and to an extent how the market works. Right now I am using Carmen as an indicator but will trade it as a system when the EA becomes available. I cannot spend all the time required in front of a computer to trade Carmen for maximum success but the concept for an EA is fantastic. In trading I follow MP's teachings but use only some of his recommended indicaors having found several others that I prefer. I am still developing my trading style, plan and techniques.
Hope this answers your question. If you want to discuss this further please do so on the 350 thread in this forum since a discussion of my trading style here would be stepping on aiccia's toes so to speak.
Regards, Roger
  • #860
  • Dec 20, 2009 11:20am Dec 20, 2009 11:20am
I just found this post and am interested in evaluating the Carmen V4.01 indicator. I have tried to download it from the first post but, although the file indicates it is an .ex4 file on the link, my computer recognizes it as a .php file. Could someone please re-post the indicator so I may evaluate it and contribute to the discussion on this thread?
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