The CARMEN System Indicator | Page 52 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

The System Behind the System, by Merlin Jeffries 16 replies

200 Ema system - help me build a system ! 19 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: The CARMEN System Indicator
Exit Attachments

The CARMEN System Indicator

  • #1,021
  • Jan 5, 2010 12:36am Jan 5, 2010 12:36am
Oh goodie. another day of testosterone flexing
" When the ship starts to sink, don't just pray. JUMP "
  • #1,022
  • Jan 5, 2010 3:39am Jan 5, 2010 3:39am
Tahiti is not allowed to post here anymore, so hopefully there will be no more negativity. If anyone can make a succesful EA of this system then that's awesome.
  • #1,023
  • Jan 5, 2010 3:42am Jan 5, 2010 3:42am
Quoting astral77
The reason so many of us in this thread do not want to see the end of your creation is that it has been quite successful for us. The only drawback is the high volume of Screen time needed and that would have been solved by the EA.
Of course you are right, support resistance, Fibonacci and chart patterns are the basics of this game, your indicator had touched upon something special and I think you are now in state of depression after devoting so many valuable hours to this project.
[font=Calibri][size=3]Sometimes...
The problem was though it may seem that CARMEN was trading off trendlines, it wasn't and the lines were completely arbitrary. I'm sorry. Like I said before, the real problem is the core strategy.
  • #1,024
  • Jan 5, 2010 4:12am Jan 5, 2010 4:12am
Quoting aicccia
The problem was though it may seem that CARMEN was trading off trendlines, it wasn't and the lines were completely arbitrary. I'm sorry. Like I said before, the real problem is the core strategy.
Thanks for banning TAHITI, he was full of it. It was obvious from his earlier posts (17th,18 Dec) that he was new to forex and suddenly got very upset and when there was no EA.

When you sa the lines were completely arbitrary surely you do not mean there was some sort of indications were used! Otherwise are you saying Tahiti was right?

regards
  • #1,025
  • Jan 5, 2010 4:16am Jan 5, 2010 4:16am
Quoting astral77
Thanks for banning TAHITI, he was full of it. It was obvious from his earlier posts (17th,18 Dec) that he was new to forex and suddenly got very upset and when there was no EA.

When you sa the lines were completely arbitrary surely you do not mean there was some sort of indications were used! Otherwise are you saying Tahiti was right?

regards
They were just visual trailing stops. But this indicator was a great learning expierience, so I don't have any regrets. I know this may damage my credibility some, but at least I had the integrity to let everyone know that I think it's a dead end. And for anyone looking for a great trading methodology that requires very little screen time, check out Jacko's thread in the commercial section.
  • #1,026
  • Edited 5:08am Jan 5, 2010 4:47am | Edited 5:08am
Quoting aicccia
They were just visual trailing stops. But this indicator was a great learning expierience, so I don't have any regrets. I know this may damage my credibility some, but at least I had the integrity to let everyone know that I think it's a dead end. And for anyone looking for a great trading methodology that requires very little screen time, check out Jacko's thread in the commercial section.
Thanks very much for enlighting us. As they say "Price is the ultimate indicator" so trailing stops is another way of utilizing the Price. Moreover, any system which makes the most of the trends and small to zero loss in a ranging market should be pursued with vigour.

Thanks
p.s. I can see our friend Tahiti here, he loves this thread and can not keep away, but got very upset and emotional when there was no magic EA. I think he should start a thread at the commercial section and offer some mentoring servcies so we can benefit from his wisedom and 8 years of profitable trading.
  • #1,027
  • Edited 11:05am Jan 5, 2010 10:51am | Edited 11:05am
Aiccia

If you do a search on my name you will see the fact that I have put forward several ways of making money from Forex.Some last some die some crash and burn..

the important thing here is an advancemnt and move forward..I have many ideas in my head for trading systems and often put un finished projects on the table here to be looked at ridiculed torn apart or improved.

If we dont throw the seeds onto the path how can we hope for a few to germinate,

Im currently looking and working on an inside bar system on a 5 min chart with no other indicator .. its going well if fact today so far 12 signals with 9 winners..I dont get excited any more because tomorrow it may be the reverse..the important thing is to gain an edge ..another system I use goes long on a down candle and short on an up candle..it gives me an edge because Im getting a better fill.

A casino makes only 3% but on the money invested every day on all the tables it makes a huge amount of money with very little down side risk.

Personaly I think end of day systems using daily bars gives you the edge over day trading .. less time in front of PC less noise on the chart..

As we speak I have just had an inside bar signals on £$ I will go long at 1.6008 or short at 1.5993 my stop being 15 pips my TP is therefore 45 pips 3 x my risk,I dont take levels or pivots into account in my trading only news that way if I have an EA made its simpler to code and already takes into account the swings and round abouts of trading round different price levels.

Il let you know how this trade goes and will post the system if Im happy with the results..but hey its all been done before perhaps just used a different way.

Paulus
  • #1,028
  • Jan 5, 2010 12:11pm Jan 5, 2010 12:11pm
Sounds promising Paulus, where abouts in UK you from mate?

I agree totally with the edge thing, consistency is the only thing we need to become successful in this game. Also gonna take a look at the IB thing you mentioned, I guess on cable only?

thanks again
  • #1,029
  • Jan 5, 2010 4:30pm Jan 5, 2010 4:30pm
Quoting Paulus
Aiccia

.Some last some die some crash and burn..

the important thing here is an advancemnt and move forward..I have many ideas in my head for trading systems and often put un finished projects on the table here to be looked at ridiculed torn apart or improved.


Paulus
You are quite right. In any field advancement is made by people who dared think outside the norm and experiment. I think people who ridicule failures of likes of you and aiccia are fools who can not come up with anything constructive themselves. Best of luck and keep us posted.

regards
  • #1,030
  • Jan 5, 2010 5:12pm Jan 5, 2010 5:12pm
I got very nice and simple idea using your indicator just draw a bunch of parallel lines at your chart and use each line as buy/sell point, i don't know what is the optional size of channels whould be but from visual checking it for las month it seems VERY profitable may be i am mistaking and lying to my self but i would really apriciate some feedback.
  • #1,031
  • Jan 6, 2010 8:09pm Jan 6, 2010 8:09pm
I find that trading the carmen setup is a valuable addition to my trading toolbox. It helps to have several approaches to the market

cheers

N
  • #1,032
  • Jan 6, 2010 11:00pm Jan 6, 2010 11:00pm
Thank you very much for aicccia and your great job.

BTW, could you post your 4.01 source mq4 file?

I want to modify that i can find from signal message what is currency pair.

Thank you.
  • #1,033
  • Jan 7, 2010 12:51am Jan 7, 2010 12:51am
can someone post v4 ? On page one of this thread its not working.
thx
  • #1,034
  • Jan 7, 2010 1:18am Jan 7, 2010 1:18am
Quoting tommbstone
can someone post v4 ? On page one of this thread its not working.
thx
Hi
just loaded and it works fine. Have you intslled fully ?
" When the ship starts to sink, don't just pray. JUMP "
  • #1,035
  • Jan 7, 2010 2:24am Jan 7, 2010 2:24am
Quoting Gladis Night
Hi
just loaded and it works fine. Have you intslled fully ?
Its not saving with the correct file ext. When I renamed it, it still does not work. I tried to open it in the editor and it just had one line of gibberish.
Not sure what I'm doing wrong. I've done uploaded ea's indicators and scripts before.
  • #1,036
  • Jan 7, 2010 2:33am Jan 7, 2010 2:33am
Quoting tommbstone
Its not saving with the correct file ext. When I renamed it, it still does not work. I tried to open it in the editor and it just had one line of gibberish.
Not sure what I'm doing wrong. I've done uploaded ea's indicators and scripts before.
Try right-clicking on the file on post #1 and selecting SAVE AS, or use a browser other than Internet Explorer.

Hope this helps.
  • #1,037
  • Jan 7, 2010 2:38am Jan 7, 2010 2:38am
Are you using internet explorer? sometimes that is a problem. I down load then drag and drop to Experts/indicators
" When the ship starts to sink, don't just pray. JUMP "
  • #1,038
  • Jan 7, 2010 11:53am Jan 7, 2010 11:53am
Quoting tommbstone
can someone post v4 ? On page one of this thread its not working.
thx
Try downloading from the "paper clip", upper right-hand corner of thread page...see if that helps...
I feel more like I do now than I did a little while ago...
  • #1,039
  • Jan 8, 2010 3:38am Jan 8, 2010 3:38am
Quoting danatisgi
Try downloading from the "paper clip", upper right-hand corner of thread page...see if that helps...
Yes the paper clip worked perfect.

So i put this carmen 4.1 on M1 USD/JPY and she worked awesome.
Is the m1 the recommend TF still?
  • #1,040
  • Edited 6:48pm Jan 8, 2010 6:13pm | Edited 6:48pm
I hope you are getting on well with the EA. I just want to clarify if it will able to do the following.

- Buy when 3EMA crosses above the channel, close 50% of the position when the 3EMA turns yellow. And close the buy (by selling) when the 3EMA crosses below the channel and open a new short order.

-The opposite for selling

-When both the 3EMA and the channels are red, close existing positions and not entering new positions whilst red

The above are the basic functions of the system. Will the EA have other options e.g. set custom stop losses etc

P.S

I will be more than happy with the EA if it can perform the basic functions of the system only, but robustly.
Attached Image (click to enlarge)
Click to Enlarge Name: EA Functions.jpg Size: 37 KB
0 traders viewing now