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Attachments: The CARMEN System Indicator
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The CARMEN System Indicator

  • #1,101
  • Jan 22, 2010 6:40am Jan 22, 2010 6:40am
I just catch this repaint on my chart do any one else have this repaint?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: repaint2.gif Size: 32 KB
Click to Enlarge Name: orginal.gif Size: 36 KB
  • #1,102
  • Edited 11:33am Jan 22, 2010 10:12am | Edited 11:33am
Hi,
I have a idea how to get better resoluts with carmen, but I am sure, if I am right. I used carmen indicator together with indicator called nonlagdot(i found it in other thread on this forum). You can trade on H4, D1 and W1 charts. As I say - now it is only a idea, but I cant work with MetaQuotes language. Is here is samebody, who should help me and test this idea? I will answer all of your questions. The system is explained on the image bellow and indicators you can find in this post.

P.S. My English is not so good, so sorry for that
http://img684.imageshack.us/img684/1...gdotcarmen.jpg

Today I get 132 pips.

http://img651.imageshack.us/img651/5962/carmen.jpg

Attached File(s)
File Type: mq4 carmens_eyes_v3[1].1 Alert.mq4   12 KB | 948 downloads

Attached File(s)
File Type: mq4 nonlagdot.mq4   5 KB | 604 downloads
  • #1,103
  • Jan 22, 2010 5:51pm Jan 22, 2010 5:51pm
Quoting maanawi
I just catch this repaint on my chart do any one else have this repaint?
yep! I have been using the indicator for over a couple months and noticed it does repaint. I still get really great results though. If you are going to still use the indicator you need to restart it after ever major move and at least before each trading session. Once you do that you should get really great trading signals.http://cdn.forexfactory.com/images/icons/dollar.gif

D http://cdn.forexfactory.com/images/icons/icon10.gif
  • #1,104
  • Jan 22, 2010 6:04pm Jan 22, 2010 6:04pm
اhi mate,
I will give it a look tomorrow,
your English sound from russia
I also plan to trade carmen on 1 hour tf, i'm about good idea that may help.


Quoting mort1r
Hi,
I have a idea how to get better resoluts with carmen, but I am sure, if I am right. I used carmen indicator together with indicator called nonlagdot(i found it in other thread on this forum). You can trade on H4, D1 and W1 charts. As I say - now it is only a idea, but I cant work with MetaQuotes language. Is here is samebody, who should help me and test this idea? I will answer all of your questions. The system is explained on the image bellow and indicators you can find in this post.

P.S. My English is not so good, so sorry for that
http://img684.imageshack.us/img684/1...gdotcarmen.jpg

Today...
  • #1,105
  • Jan 22, 2010 6:08pm Jan 22, 2010 6:08pm
Quoting D-ramon
yep! I have been using the indicator for over a couple months and noticed it does repaint. I still get really great results though. If you are going to still use the indicator you need to restart it after ever major move and at least before each trading session. Once you do that you should get really great trading signals.http://cdn.forexfactory.com/images/icons/dollar.gif

D http://cdn.forexfactory.com/images/icons/icon10.gif
yea but the strange thing it show repaint on MT4 1 and on the other MT$ show the same place of yesterday this confusing

I take the two pictures at same time.. different broker MT4
  • #1,106
  • Jan 23, 2010 9:23am Jan 23, 2010 9:23am
drawdown is a result of break even orders hedging original position.

39 total trade at 1 full lot. 15 pip tp with no stop loss on 6 pairs.

started ea on sunday. seemed to weather the news data and obama speech rather well.


Attached Image (click to enlarge)
Click to Enlarge Name: week1.JPG Size: 74 KB
  • #1,107
  • Jan 23, 2010 10:24am Jan 23, 2010 10:24am
Quoting crusty
drawdown is a result of break even orders hedging original position.

39 total trade at 1 full lot. 15 pip tp with no stop loss on 6 pairs.

started ea on sunday. seemed to weather the news data and obama speech rather well.


Attachment
what time frames and pairs did you leave the EA running on?
  • #1,108
  • Jan 24, 2010 12:49am Jan 24, 2010 12:49am
In my observation any strategy with no stop loss is doomed to fail, hence I think you are wasting your time.

If the lines are arbitrary (the developers own words), how can you expect this to work.

You may as well draw lines or a line anywhere on the chart.

Why don't you change the EA to do this and run it separately and I bet it will be the same as using carmen's lines?

Quoting crusty
drawdown is a result of break even orders hedging original position.

39 total trade at 1 full lot. 15 pip tp with no stop loss on 6 pairs.

started ea on sunday. seemed to weather the news data and obama speech rather well.


Attachment
  • #1,109
  • Jan 24, 2010 1:46pm Jan 24, 2010 1:46pm
Quoting truthhurts
In my observation any strategy with no stop loss is doomed to fail, hence I think you are wasting your time.
i agree - also a "static" stop loss method is useless.

hedging rules are in place to protect original position - which is a sl method. this is reflected in the drawdown. a "static" SL - is a waist of time.

this ea is not FIFO compliant - do you understand hedging?
  • #1,110
  • Jan 25, 2010 12:42pm Jan 25, 2010 12:42pm
Quoting crusty
i agree - also a "static" stop loss method is useless.

hedging rules are in place to protect original position - which is a sl method. this is reflected in the drawdown. a "static" SL - is a waist of time.

this ea is not FIFO compliant - do you understand hedging?
yes Crusty I know what is hedging, so I am looking forword to see your EA.
Thank you
  • #1,111
  • Jan 25, 2010 3:16pm Jan 25, 2010 3:16pm
Yes, that is true - without stop-loss no trading can be successful. I tested my idea witch a maximum stop-loss: TS was 100 and TP was 250(I cannot test other options). The results was similar to a test, which Crusty posted to this thread. But as you can see there, there are a "times", where I lost a lot of my money. So I want to ask you, if someone can help me find optimal filter to eliminate this "falls".

http://img46.imageshack.us/img46/1397/50300280.jpg
  • #1,112
  • Jan 25, 2010 7:18pm Jan 25, 2010 7:18pm
yo mort1r -

upper time frames are best used on lower time frames - from my observation.

so you may look for entry on lower and confirmation on upper. have you attempted this?

- have to run now - brb
  • #1,113
  • Feb 25, 2010 8:28am Feb 25, 2010 8:28am
Hi All,
Just letting you know that Carmen is still alive. I have been using it still. I have much success in 15min chart. This indicator still works like charm. PLease let me know if anyone here is still using it.

forexforex
Attached Image (click to enlarge)
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  • #1,114
  • Feb 26, 2010 12:50am Feb 26, 2010 12:50am
Why don't you post a statement showing trade history so we can all be convinced this indicator is worth the time of day?

Since the creator admitted the lines were arbitrary, I think everyone concluded you may as well just draw a horizontal line across the page and it was all a farce.

You can change the trade results to display in pips instead of $ if you're worried about confidentiality.

Go on, I dare you to remove the ambiguity that others rely on.. to hide the truth.. that they're full of BS.

Dare to be different.

Quoting forexforex
Hi All,
Just letting you know that Carmen is still alive. I have been using it still. I have much success in 15min chart. This indicator still works like charm. PLease let me know if anyone here is still using it.

forexforex
  • #1,115
  • Feb 26, 2010 2:30am Feb 26, 2010 2:30am
well if metatrader didn't encounter bugs when you try to make EAs recognise long MAs I think aicccia would still be involved in this project
  • #1,116
  • Jun 27, 2010 4:17am Jun 27, 2010 4:17am
anyone still using this system? what results are you getting?
  • #1,117
  • Jul 2, 2010 8:17pm Jul 2, 2010 8:17pm
Quoting forexforex
Hi All,
Just letting you know that Carmen is still alive. I have been using it still. I have much success in 15min chart. This indicator still works like charm. PLease let me know if anyone here is still using it.

forexforex
forexforex:

I have also found that I like Carmen best on M15....once a trend has developed...i like her boundaries to keep me in as it's trending but, more importantly, i like how it keeps me on the right side usually (more times than not) when there's a consolidation...if you notice on the charts...there's usually one more spurt in the correct direction before reversal. By putting the 00's and 50's on the chart, a lot of times you can pinpoint exactly how far it will go b4 reversing.
Attached Image (click to enlarge)
Click to Enlarge Name: carmen.gif Size: 23 KB
  • #1,118
  • Edited 10:25pm Dec 2, 2010 9:56pm | Edited 10:25pm
Hello...
Regarding the "carmens_eyes_v4.01" indicator, what are the settings I must use for M15 EUR/USD?
  • #1,119
  • Dec 3, 2010 2:10pm Dec 3, 2010 2:10pm
You must read post #1 ! Game over here !!!
  • #1,120
  • Dec 3, 2010 9:40pm Dec 3, 2010 9:40pm
@ Mandl2007
Reading the last few posts occured to me that still some people is reading the thread so my question was addressing that people in general. As per your instruction to read post #1 there is not any reference for "M15 EUR/USD", there is for "GBP/USD" and that is quite different (I think).
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