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Attachments: The CARMEN System Indicator
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The CARMEN System Indicator

  • #901
  • Dec 22, 2009 5:55am Dec 22, 2009 5:55am
#1:
Initial trade would have been long, but it turned out a false breakout, as MA reversed back under the channel, so you close long, and open a new short position...MA never closed above the channel, so short looks good so far...

#2:
Here, you have already closed your 50% of short for 10pips, and set the rest to breakeven. I don't know why channel(and MA) both turned red here, but I assume carmen is telling us, that prices are ranging now. So you have two choices: exit all your position, or trail your SL...it's up to you.
#3:
Prices are in ranging condition indicating, eihter support has been found, or a pause for a move down again. Both Channel and MA are green, so another trading opportunity is on the horizon.


How would you trade this?
Attached Image (click to enlarge)
Click to Enlarge Name: carmen_observ1.jpg Size: 82 KB
  • #902
  • Dec 22, 2009 5:59am Dec 22, 2009 5:59am
Quoting bryan4055
Clayton, this is a problem associated with Internet Explorer. Download the file then change tne .php to .ex4 then just drag and drop it to the indicators folder. I find this usually works
Thanks for the help, I got it. I just used Firefox. Damn Interent Explorer
  • #903
  • Dec 22, 2009 6:45am Dec 22, 2009 6:45am
Quoting Bolloqz
sorry guys, but i need your advice here..

when i change my chart to 1min TF the chanel line dissapeared. But on other higher TF it works fine.. any advice?

thanks
The channel is there. You just can't see it because price is to far away from it. Click and hold on the vertical scale (Price, far right of chart) and scroll.
  • #904
  • Dec 22, 2009 7:29am Dec 22, 2009 7:29am
oh no...i trade long with 1 lot when the MA is out of the channel. (see attached) and i set SL at 20 pips and it hits my SL..

how do i prevent this? thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 101 KB
  • #905
  • Dec 22, 2009 7:52am Dec 22, 2009 7:52am
Hi KP
I am confused by your post. What was your entry ?
" When the ship starts to sink, don't just pray. JUMP "
  • #906
  • Dec 22, 2009 7:57am Dec 22, 2009 7:57am
Hi,
is anyone being flooded with alerts like i am? everytime i open MT4 it blocks because 1001 alerts are being given contemporarily, all carmen 4.01.
Just me?
other than that, great indi as expected.
Thanks Aicccia,
Wendy
  • #907
  • Dec 22, 2009 8:03am Dec 22, 2009 8:03am
Hi Wendy
yes I have same problem but I just restart and is ok for a bit
" When the ship starts to sink, don't just pray. JUMP "
  • #908
  • Dec 22, 2009 8:08am Dec 22, 2009 8:08am
I am also trying to figure out what would be the optimum initial SL when you have pressed that buy/sell order...there is no definit answer, and you have to use the stop level which is in your comfort zone.

Here is my observation, and if aicccia agrees with me:

When trading the 1min. chart, carmen telling us to only focus on three variables:

1- MA (when changing color),
2- Channels (when MA cross them, and changing color)
3- Closing prices to confirm the above two's

So you enter long when MA changed to yellow, and crossed above the green channel, and vice versa for short...if the yellow MA reverse back and close below the green channel, and change color, you must take the loss...this loss can range anywhere betwen 6pips (slow moving market)...up to 40 pips (in a very fast, volatile moving market).

So you need to pay attention to the closing of that yellow MA, when in a trade. Carmen on the last trade could give us 10-15 pips profit.
Attached Image (click to enlarge)
Click to Enlarge Name: carmen3.jpg Size: 63 KB
  • #909
  • Dec 22, 2009 8:28am Dec 22, 2009 8:28am
...and look what carmen telling us:
Attached Image (click to enlarge)
Click to Enlarge Name: carmen4.jpg Size: 55 KB
  • #910
  • Dec 22, 2009 8:36am Dec 22, 2009 8:36am
Quoting KPForex
oh no...i trade long with 1 lot when the MA is out of the channel. (see attached) and i set SL at 20 pips and it hits my SL..

how do i prevent this? thanks
dont use a stoploss.
  • #911
  • Dec 22, 2009 8:46am Dec 22, 2009 8:46am
Hi aicccia

Will the EA allow you trade the 30 min tf? And will you able to set a custom stop loss?
  • #912
  • Dec 22, 2009 9:12am Dec 22, 2009 9:12am
Hi aicccia,

MA never turned from green to yellow, but it crossed the green channel...would this be a short trade?
Attached Image
  • #913
  • Dec 22, 2009 12:23pm Dec 22, 2009 12:23pm
Quoting Gladis Night
Hi Wendy
yes I have same problem but I just restart and is ok for a bit
I too am having an alert problem. For me, about every hour of so, the alert goes off and continues with an incessant clanking sound for 10, 15, 20 minutes. Then the bell rings, it stops and works fine until it goes berserk again. This continues even if I restart platform.

P.S. Does anyone know how to turn off the edit icon. I appear to be the only poster with it showing and I don't have a clue as to how I turned it on. Thanks in advance.
  • #914
  • Dec 22, 2009 2:25pm Dec 22, 2009 2:25pm
aicccia make carmen indicator display text referring to FF or it being free or something? To really prevent it being sold because it can't be edited and everyone would know it's free
  • #915
  • Dec 22, 2009 4:09pm Dec 22, 2009 4:09pm
Is there yet a way in which one can change the line thickness? They are bit too wide covering my candles - I've been changing them manually, but, they always revert back each time a time frame is changed. Thanks.
  • #916
  • Dec 22, 2009 4:25pm Dec 22, 2009 4:25pm
make sure the line thickness in "inputs" also matches line thickness in "colors"
I feel more like I do now than I did a little while ago...
  • #917
  • Dec 22, 2009 4:52pm Dec 22, 2009 4:52pm
Quoting danatisgi
make sure the line thickness in "inputs" also matches line thickness in "colors"
Ah! you're a genius! Thanks - it works!

Now, can you also solve our alarm problem? ;-)
  • #918
  • Dec 22, 2009 5:49pm Dec 22, 2009 5:49pm
Quoting wvehoven
Hi,
is anyone being flooded with alerts like i am? everytime i open MT4 it blocks because 1001 alerts are being given contemporarily, all carmen 4.01.
Just me? other than that, great indi as expected.
Thanks Aicccia,
Wendy
In the Inputs setting, I simply set all three alerts (Play_Sound, Send_Email, Show_Message) to FALSE. I just observe the action and trade manually without the noise or popup alerts.

Cheers,
Ed
  • #919
  • Dec 22, 2009 6:30pm Dec 22, 2009 6:30pm
Thanks for the quick response, Danatisgi - works fine.
  • #920
  • Dec 22, 2009 6:39pm Dec 22, 2009 6:39pm
Quoting aicccia
LOL. yeah at the last minute I relized I'd only put in alerts for when to open a trade, but forgotten about alerts for closing a trade. I'll fix the typos and make the alerts more specific tonight. thanks for the heads-up.
Thanks very much, I wish you all the success and best wishes for this xmas and new year.

kind regards
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