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Attachments: The CARMEN System Indicator
Exit Attachments

The CARMEN System Indicator

Welcome back Paulus

Quoting Paulus
Not wishing to change any thing here just adding a few ideas...

I have been looking to enter using a stoch its a method I use allot and 7 times out of 10 gives me a good fill.

I have inc screen shots of signals on 3 of the 4 swaps Im following

It seems to me most of the signals occur on either quite large up or down candles or spikes when the parallel lines are breached I feel a bit uncomfortable with this as I dont really like taking a short signal at the bottom of a big red bar that breached the lower line by 10 or 15 pips.

I wait for...
Quoting Paulus
well on the 4 im following with this

EURUSD
GBPUSD
USDJPY
USDCHF

Only signal triggered today was £$ at 1.5900

using my Trend magic ( mainly becuse I havnt got to grips with the rules with the auto line stop) the trade is still in currently up 130
Good morning, Paulus. I see you're tracking these pairs with v3.1, but I have been using v4.1 in combination with a semafor alert and CCI to get me into and out of trades. I like the M15 timeframe because I can see things more clearly. Here are two screen shots of my set up, where you can pretty clearly see where to BUY or SELL depending on the alerts. Until aiccia comes up with a usable EA, this is how I'm going to continue.

Cheers,
Ed
Attached Images (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 59 KB Click to Enlarge Name: Capture1.PNG Size: 65 KB
Hello Ed,

Very nice post and very much appreciated. Would you be kind enough to post your template & other items that you mentioned besides the very nice carmen indicator? I already have the Carment indicator from the first post and it is indeed impressive. I would be very grateful if you would do that.

Regards,
Jeff

Quoting enewbold
Good morning, Paulus. I see you're tracking these pairs with v3.1, but I have been using v4.1 in combination with a semafor alert and CCI to get me into and out of trades. I like the M15 timeframe because I can see things more clearly. Here are two screen shots of my set up, where you can pretty clearly see where to BUY or SELL depending on the alerts. Until aiccia comes up with a usable EA, this is how I'm going to continue.

Cheers,
Ed
Quoting azjeff
Hello Ed,

Very nice post and very much appreciated. Would you be kind enough to post your template & other items that you mentioned besides the very nice carmen indicator? I already have the Carment indicator from the first post and it is indeed impressive. I would be very grateful if you would do that.

Regards, Jeff
If it's OK with aiccia, here is my template and other indicators (Carmen v4.1 is on the first post.)
But if not, aiccia, please let me know and I'll remove them from this thread.

Cheers, Ed
Attached Files
File Type: tpl a02 carmen 4 with cci.tpl   11 KB | 408 downloads
File Type: ex4 #4X 3 Semafor Alert.ex4   11 KB | 460 downloads
File Type: ex4 CCI Histogram.ex4   5 KB | 413 downloads
File Type: ex4 Magnified Market Price.ex4   4 KB | 338 downloads
Hello Ed,

Many thanks for this. You are truly a giver just like aiccia is a wonderful giver.

Regards,
Jeff

Quoting enewbold
If it's OK with aiccia, here is my template and other indicators (Carmen v4.1 is on the first post.)
But if not, aiccia, please let me know and I'll remove them from this thread.

Cheers, Ed
Quoting enewbold
If it's OK with aiccia, here is my template and other indicators (Carmen v4.1 is on the first post.)
But if not, aiccia, please let me know and I'll remove them from this thread.

Cheers, Ed
Hi Enewbold,

What is the settings for the semafor indicator? I tried to use the template but for some strange reasons, the semafor did not attach with it...

Many thanks.
Quoting Ibuks
Hi Enewbold,

What is the settings for the semafor indicator? I tried to use the template but for some strange reasons, the semafor did not attach with it...

Many thanks.
I just use the default settings of:
Period1 5.0
Period2 12.0
Period3 35.0
...and all other setting I leave at the defaults.

Ah, well, I did change the color settings to the following
0 Green width 2
1 Red width 2
2 Yellow width 2
3 Blue width 2
4 White width 5
5 Magenta width 5

I didn't really like the big fat dots the original was displaying (smile).

You do know after copying the files and templates into place that you have to exit the MT4 platform and restart it, right?

Cheers,
Ed
Quoting enewbold
I just use the default settings of:
Period1 5.0
Period2 12.0
Period3 35.0
...and all other setting I leave at the defaults.

Ah, well, I did change the color settings to the following
0 Green width 2
1 Red width 2
2 Yellow width 2
3 Blue width 2
4 White width 5
5 Magenta width 5

I didn't really like the big fat dots the original was displaying (smile).

You do know after copying the files and templates into place that you have to exit the MT4 platform and restart it, right?

Cheers,
Ed
Hi pally,

Thanks.....

On restarting MT4, that goes without saying...lol

Will test it out...

Very good contribution...and its self explainatory...i hope
The US brokers are closing down in about 15 minutes, so I'll be signing off for a couple of days to do some eating, drinking and watching football games!

Happy New Year to each and every one on the forum, and let's work hard on having a very profitable year in 2010.

And, once again, thanks aiccia for all your hard work and sharing of knowledge and indicators!

Yahoooo.......
Ed
Happy NEW YEAR!!!!!!!!!


Gone drinking!
Happy new year aicccia and to all...hope 2010 brings prosperity, and hapiness to all.
  • Post #972
  • Quote
  • Edited at 11:38pm Dec 31, 2009 11:21pm | Edited at 11:38pm
Market has been moving slowly, the spread is higher on my broker last night it was -8 for GU on my broker, i did not go around just made a small BBQ party in the garden, my broker was open so i did trade for fun.

just played on M1 with carmen and she danced pretty well, she showed her good movement in new year eve, I love the V.3 any way, the blue and yellow line like EMA 200 as my trend setter.


Quote
enewbold
#4X 3 Semafor alert indicator is created by xard777 it doesn't mean when the signal comes up we have to enter the market, when the price go lowest or highest it moves, I guest this indicator is a signal when it comes up the trend could be changed. That's a good indicator just be careful.

Happy New Year 2010 and..good luck guys.. success in 2010
Attached Image (click to enlarge)
Click to Enlarge Name: carmen.JPG Size: 82 KB
It's Designed and Balance
enewbold

Thanks for the template. Do you scalp or do you use some other method for exiting?
Quote
#4X 3 Semafor alert indicator is created by xard777 it doesn't mean when the signal comes up we have to enter the market, when the price go lowest or highest it moves, I guest this indicator is a signal when it comes up the trend could be changed. That's a good indicator just be careful.
Yes, I agree that it is simply a trend change alert and should not be used exclusively for entry/exit conditions. I look at the M1, M5, M30 and H1 time frames, check to see what Carmen is indicating, look at the stoch, CCI and semafor alet indis, then make my entry/exit decisions.

I sometimes scalp the M1 time frame, especially if the market is very active, but most often use the M30 for longer term trades, where the market is ranging but still slowly trending in a definite direction.

Well folks, it is January 1, 2010. Here's hoping we can continue with Carmen, get a reliable EA developed, and then make a good living trading!

Happy New Year!
Ed
Aicccia's trying to code the EA virtually by himself, he could do with a bit of help.

Here's the thread:

http://www.forexfactory.com/showthread.php?t=207639

At least go on to it an comment so the thread will get some attention and hopefully someone will sort it out
Hey guys, I have some sad news.

I finished the EA and backtested it. And no matter how good the results are over the last 3 months, it always looses money when I forward test it.

I've been messing with indicators and EAs for 4 years now and today I'm finished with them. Like the real pros say, it just isn't worth it. I'll be trading with just trendlines, fibos and round numbers now, which is probably something I should have started doing a long time ago.

thanks for the support on this thread and others, I'll see you guys on the other side.
Quoting aicccia
Hey guys, I have some sad news.

I finished the EA and backtested it. And no matter how good the results are over the last 3 months, it always looses money when I forward test it.

I've been messing with indicators and EAs for 4 years now and today I'm finished with them. Like the real pros say, it just isn't worth it. I'll be trading with just trendlines, fibos and round numbers now, which is probably something I should have started doing a long time ago.

thanks for the support on this thread and others, I'll see you guys on the other side....
hi aiccia, so u r saying goodbye to carmen? i thought is great? rather than a EA, maybe we can use it manually? do u think is still worth it?
Aicccia dont throw the baby out with the bath water carmin is a great indy it just comes back to how you choose to use it.
It probably will loose money if you take every swing back and forth
I will definitely be using it but not every signal only as a confirmation of a new trend developing in conjunction with swingmans trio avg meter v4
Quoting aicccia
Hey guys, I have some sad news.

I finished the EA and backtested it. And no matter how good the results are over the last 3 months, it always looses money when I forward test it.

I've been messing with indicators and EAs for 4 years now and today I'm finished with them. Like the real pros say, it just isn't worth it. I'll be trading with just trendlines, fibos and round numbers now, which is probably something I should have started doing a long time ago.

thanks for the support on this thread and others, I'll see you guys on the other side....
Hello. I aways did this process. And you are high inteligent. Please, try this : fti - technical analysis fallacy. Regards
  • Post #980
  • Quote
  • Edited at 12:18pm Jan 3, 2010 10:04am | Edited at 12:18pm
Hi Aicccia,

Can you post the EA? I found it really works well on the 30 min tf. When the markets trending, Carmen gets you into the trend, when the markets moving sideways, it manages losses perfectly.

I understand you want to trade using support and resistance, fibs etc (I know that is how the professional's trade). But you can use all these important analysis tools(I do) along with one good indicator (Carmen).
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