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Attachments: The CARMEN System Indicator
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The CARMEN System Indicator

  • #921
  • Dec 23, 2009 10:51pm Dec 23, 2009 10:51pm
lost around 18 pips last nite when i entered short at 1.5946... closed the trade when it hit 1.5964....lol... luckily is only demo account.

Nw then i know that i should not put a SL, thanks for ur advice accicia...

What happen if yellow turn green? should i stay as it is or? please see attached.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 108 KB
  • #922
  • Dec 23, 2009 10:53pm Dec 23, 2009 10:53pm
then how abt the attached? should i go short or long? thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 94 KB
  • #923
  • Dec 24, 2009 5:10am Dec 24, 2009 5:10am
Stay out till after the new year because the markets are crazy now and just spike up and down
  • #924
  • Dec 24, 2009 5:13am Dec 24, 2009 5:13am
i just gave Carmen christmas holiday
" When the ship starts to sink, don't just pray. JUMP "
  • #925
  • Dec 24, 2009 9:12am Dec 24, 2009 9:12am
Quoting Sim
Stay out till after the new year because the markets are crazy now and just spike up and down
these thin market conditions are difficult to trade, it's tradeable but be very cautious!
Admittedly I popped a mini lot on euro after carmen hinted yellow and broke out of its range yesterday. I TP at 80 pips but it went nearly twice that. It was quite amazing. If only it was a standard lot.

Thanks again aicccia!
  • #926
  • Dec 24, 2009 10:23am Dec 24, 2009 10:23am
hi there guys,new to this,i'm confused wich system we are suppose to be using the the v4 or the v2 i keep seeing different systems up
  • #927
  • Dec 24, 2009 10:44am Dec 24, 2009 10:44am
Hi forexforex,

are u still using ver 3.1 on a 30MIN TF?
  • #928
  • Dec 24, 2009 12:51pm Dec 24, 2009 12:51pm
Quoting KPForex
then how abt the attached? should i go short or long? thanks
Cable yesterday was sideways, untradeable. Look for something that is moving, like E$ did yesterday. Carmen worked beautifully!
Attached Image (click to enlarge)
Click to Enlarge Name: 122309ED.jpg Size: 90 KB
  • #929
  • Dec 24, 2009 7:25pm Dec 24, 2009 7:25pm
Yes i am still using Ver 3.1 on 30 min TF with success in the crossover, rejection and reentries (15min TF I have been using it as well with greater success...I will need to test it more next year when the market has better liquidity). Ver 4 does not allow us to manipulate or adjust the ave setting.

I would like to post my trades but, I am not sure if Aiccia would not mind. We have to ask the owner's permission or permission to create another thread for the purpose of trading the 15/30min TF only. I still think that the crossovers make significant indications of developing trends and so far it is safer to take trades there and minimizing the loss.

I have to admit that I have had losses, but the wins outweighs the losses Most of the losses happens when the market is trending. But the losses were minimized by SMA 7 I have been experimenting.

I wish that Aiccia would also take into consideration the higher TFs. It appears that Aiccia incorporates the higher TF methodology with the 1 min TF (not sure if that makes sense to you), but I am visual person and the 15/30 TF clearly shows what I need to make the determination if the trades are warranted.

The disadvantage of the Ver 3 is that I have of close/reopen MT4 (or as it was suggested to right-click on the indicator, select properties and click OK) every time the candle closes and the indicator readjusts. I do not really mind doing this. What I am just looking for is the crossover. When it crosses over the indicator becomes stable.

I won't be trading the rest of the year as it is risky due to low liquidity. So I will just see you all next year.
Happy New Year to all!!!






Quoting KPForex
Hi forexforex,

are u still using ver 3.1 on a 30MIN TF?
  • #930
  • Dec 25, 2009 6:49am Dec 25, 2009 6:49am
Quoting forexforex
Yes i am still using Ver 3.1 on 30 min TF with success in the crossover, rejection and reentries (15min TF I have been using it as well with greater success...I will need to test it more next year when the market has better liquidity)....
i am also trading on 30 Mins TF for ver 3.1 but never get to try on 15 Mins TF...maybe i start to take a look at 15 Mins TF... so still using the same strategy? when the line crosses, wait till the 3rd candle? What do you see by SMA7? can give an example? thanks
  • #931
  • Dec 27, 2009 11:45pm Dec 27, 2009 11:45pm
yo, try to keep the thread alive... anyone can come out with EA on this?
  • #932
  • Edited 5:36pm Dec 28, 2009 6:19am | Edited 5:36pm
Thanks alot Alicia for your effort and help for all of us here.

I do like the way carmen indicator its work amazing on all time frames, I even like so much V3.1 work very well

I hope if some one can make EA for V3.1 on the following settings:

we will use the blue line only with ema 5

EA will open for example buy close half of the position after 10 pips TP and the other half close it when ema touch again the blue line

when the ema 5 cross again the blue line open sell but incres the position size this way ( 1,2,3,4,5) --- first trade open position with 1 lot the second 2 lots the 3rd 3 lots

I hope some one can do this EA will work great


* position open when ema5 touch the blue line and after the candle close!!


Thanks

Alaa


---------------

E/U must see/know...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 72 KB
Click to Enlarge Name: 2.jpg Size: 61 KB
Attached File(s)
File Type: tpl carmen.tpl   38 KB | 470 downloads
File Type: mq4 carmens_eyes_v3.1 Alert.mq4   12 KB | 511 downloads
  • #933
  • Dec 28, 2009 8:05am Dec 28, 2009 8:05am
Hi Alaa

have you found using the system as you described profitable..looking at £$ today so far and I know its low volatilty what results would you of had if trading ..I would like to compare to what I have on my 5min

Many Thanks

Paulus
  • #934
  • Dec 28, 2009 8:55am Dec 28, 2009 8:55am
Quoting Paulus
Hi Alaa
have you found using the system as you described profitable..looking at £$ today so far and I know its low volatilty what results would you of had if trading ..I would like to compare to what I have on my 5min
Many Thanks
Paulus
Hi Paulus, Nice seeing you here. I have, in fact, found this system to be profitable on the 5M time frame. Although the author has designed it to be optimal on the 1M charts, a number of us have adapted it to run on either 5M or 30M charts. I must admit, however, that I use an additional indicator (4x3 Semafor Alert) to help me quickly identify price action directional changes (swings). I also like your system, but have become very comfortable with this one. Cheers and Happy New Year, Ed
  • #935
  • Dec 28, 2009 1:42pm Dec 28, 2009 1:42pm
hi Paulus

here its about GU

Quoting Paulus
Hi Alaa

have you found using the system as you described profitable..looking at £$ today so far and I know its low volatilty what results would you of had if trading ..I would like to compare to what I have on my 5min

Many Thanks

Paulus
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 53 KB
  • #936
  • Dec 28, 2009 3:42pm Dec 28, 2009 3:42pm
Quoting maanawi
hi Paulus

here its about GU
In looking at the chart I can't help wondering what system you are using and how you are trading it. It is certainly not being traded according to the rules laid down by Aiccia in his thread here. Perhaps an explanation would show us how this relates to the Carmen Indicator or if it is a different system it should have a thread of it's own.
  • #937
  • Dec 28, 2009 4:38pm Dec 28, 2009 4:38pm
Hi Jolly,

I use Carmen indy v3.1 as alicia's rules but I just consider one line not the whole channel which is between yellow and blue...

in the attached previous pictures I hide the yellow, orange and red lines and just trade the blue, changing the ema from 3 to 5 to minimize the open trades, for me I feel its better to use EMA5 than EMA3 on 5 minutes charts.

the system is perfect on 1 minutes chart but I prefer to work with it on >1tf I dont like to open many trades!, on 5 minutes chart in good moving days you open only 1 up to 4 trades per day. on 30m less trades but bigger stop loss!

I think the idea of Alicia using the 1m chart as she mentioned is to reduce the loses to 0 or for little loses as she can incase there is no profits!! so that is why she stuck with 1m chart, you get bigger TF you have bigger SL.

im very interested in carmen and I do try to find something that improve this system but now days market is slow and tyt moves so maybe next month we find secondary idea and see Alicia opinion about it.


oh here is the picture, same as above with full indy lines..

http://vip.ae/kkk.gif


Quoting Jollyroger
In looking at the chart I can't help wondering what system you are using and how you are trading it. It is certainly not being traded according to the rules laid down by Aiccia in his thread here. Perhaps an explanation would show us how this relates to the Carmen Indicator or if it is a different system it should have a thread of it's own.
  • #938
  • Dec 28, 2009 7:23pm Dec 28, 2009 7:23pm
Quoting maanawi
Hi Jolly,

I use Carmen indy v3.1 as alicia's rules but I just consider one line not the whole channel which is between yellow and blue...

in the attached previous pictures I hide the yellow, orange and red lines and just trade the blue, changing the ema from 3 to 5 to minimize the open trades, for me I feel its better to use EMA5 than EMA3 on 5 minutes charts.

the system is perfect on 1 minutes chart but I prefer to work with it on >1tf I dont like to open many trades!, on 5 minutes chart in good moving days you open only 1 up to 4 trades per...
Thank's for the explanation. The fact that there was only a single line showing fooled me. My understanding of the double line was to cut down on the reversals. I will play around with your technique and see what I come up with. By the way I think that Aiccia is a "he" and not a "she" (not that it makes any difference regarding his work). I'm currently working with both the 3.1 and the 4.1 versions and if I have something positive to contribute to the thread I will post it here. Like most of the rest of us I believe that the "method" will trade better with an EA since it will eliminate having to constantly monitor the computer but I think that Aiccia is realy on to something here ad I appreciate his sharing it with us.
  • #939
  • Dec 28, 2009 7:49pm Dec 28, 2009 7:49pm
Yea ,, you welcome Jolly I see now about Aiccia he is M not F hehe!! well sorry for misunderstand western names.

yea I wish if there EA for Carmen. with increasing lot size after each trade (1,2,3,4....

Quoting Jollyroger
Thank's for the explanation. The fact that there was only a single line showing fooled me. My understanding of the double line was to cut down on the reversals. I will play around with your technique and see what I come up with. By the way I think that Aiccia is a "he" and not a "she" (not that it makes any difference regarding his work). I'm currently working with both the 3.1 and the 4.1 versions and if I have something positive to contribute to the thread I will post it here. Like most of the rest of us I believe that the "method" will...
  • #940
  • Dec 29, 2009 12:08am Dec 29, 2009 12:08am
Hi Maanawi,

I consider your fine tuning to the Carmen system interesting and would like to try out your style as Ihave been hunting for the indicator or whatever paints the triangle patches. Also, it would be great if you can also share the other alert indicator you mentioned. Thanks for sharing.l

I managed to download indicator from the paperclip (it seems to overide the Carmen original as was asked if Iwould like to replace it.
which I clicked 'yes'.

The template too I downloaded into IBFX and FX Solution MTY-4 platforms the usual way thru paperclip.

Happy New Year and Happy Pipping to all.
However, upon opening both platforms I cant find the indicator nor the template. What do u think is the problem.

HAPPY NEW YEAR and HAPPY PIPPING TO ALL!
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