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CoG + Ultra Trend System

  • #81
  • Edited 7:24pm Feb 10, 2010 7:09pm | Edited 7:24pm
The macd HL is awesome, its an elite level indicator at forex tsd
so I cant post it, but anyone having access, its really great...the overlay
that you have in the last candles setup is a very good replacement
for those who can't get the indy.

Finally correct pic and prices listed! You can see price had risen above the top COG
so right before the short it had come back inside the bands
but was still very high in the COG when the perfect line up short occurred.

Brian
  • #82
  • Feb 11, 2010 11:24am Feb 11, 2010 11:24am
Quoting golden1
The macd HL is awesome, its an elite level indicator at forex tsd
so I cant post it, but anyone having access, its really great...the overlay
that you have in the last candles setup is a very good replacement
for those who can't get the indy.

Finally correct pic and prices listed! You can see price had risen above the top COG
so right before the short it had come back inside the bands
but was still very high in the COG when the perfect line up short occurred.

Brian

Your template is very impressive Golden1, would you mind posting it. The Renko "time periods" are somewhat difficult for me to follow, and I'm thinking about switching back to normal candles. Along with any new indicators?
  • #83
  • Feb 12, 2010 1:15am Feb 12, 2010 1:15am
I can not post the indicator, I definitely respect the man who
made it and his wishes to have it just for the elite forum. But the overlay you posted on the previous template does nearly the same thing.

The other indicators, I believe should be posted

I agree, I keep getting pulled back to look at renko
but I am doing very well staying away, so...LOL

Brian
Attached File(s)
File Type: ex4 W-LNX.ex4   8 KB | 904 downloads
File Type: ex4 DXTrade Info v9.ex4   12 KB | 875 downloads
File Type: mq4 DIGISTOCH.mq4   20 KB | 870 downloads
File Type: mq4 ToR_1.20.mq4   30 KB | 888 downloads
File Type: mq4 TRO_CCI_WIN_5TF_DOT.mq4   11 KB | 929 downloads
File Type: mq4 TRO_RSI_WIN_5TF_SM.mq4   8 KB | 948 downloads
  • #84
  • Feb 12, 2010 1:16am Feb 12, 2010 1:16am
And you need the new thv trix 4 from the thv thread

Let me know how it looks...

Brian
Attached File(s)
File Type: tpl utf++ template.tpl   74 KB | 732 downloads
  • #85
  • Feb 12, 2010 11:11am Feb 12, 2010 11:11am
I see that you're developing this thread really well lads.
Your new setup looks very good - I'll try to find some time next week to take a look and see if it would be possible to develop EA on it.
I can also see that some lads downloaded my EA based on rainingpips' previous idea - anyone done any testing and have any results or comments? Or maybe it's not worth spending time on it and I should switch to new one
  • #86
  • Feb 13, 2010 11:03pm Feb 13, 2010 11:03pm
Quoting MQL4Engineer
I see that you're developing this thread really well lads.
Your new setup looks very good - I'll try to find some time next week to take a look and see if it would be possible to develop EA on it.
I can also see that some lads downloaded my EA based on rainingpips' previous idea - anyone done any testing and have any results or comments? Or maybe it's not worth spending time on it and I should switch to new one

I have taken a look at your EA and really like it. The CoG at this point has become more of a guide/tertiary indicator, and less a direct signal or confirming signal. The code you have written though might be used in an overarching EA that includes the primary indicators/signal generators.

That being said, I have since switched to Renko candles. Golden1 and others have stuck with normal candles, and have had continued success though. Therefore, I think the presentation of PA isn't neccessarily a deal breaker in writing an EA. The REAL PRIMARY indicator/signal in this system now (at least for me) is a confirmed trend change in the HMA(x) indicator. I'm using the UT_FAST (UTF) and Trix indicators as confirming indicators.

The slope of UTF is more important than its relative position in the 0-32.55 channel. Here are some parameters though that help forecast trend direction.

plateau in either extreme (m=0): trending continues, but a reversal is more likely than when 0>m>0. While settings can be altered in the UTF so it never plateaus and the channel is widened, I have found that being able to physically identify a "plateau" is integral in anticipating a valid signal.

UTF = 27-23, slope (-) : PA is trending down

UTF enters the 23-8 zone: PA and UTF are likely to continue to 15.5, and past that median to at least the opposite edge of that window.

the majority of UTF entrances into that "window" result in a cross and a continuation into the opposing levels...but NOT always.

UTF= 4-8, slope (+) : see above 27-23, vice versa.

That is the essence of this indicator. An EA that at the very least provided an alert would be invaluable.

If I had a choice though, I would rather an EA be built off of confirmed changes in the HMA(x). While every trend change isn't guaranteed to be profitable, I have actually taken about 90% of all HMA(x) trend changes in a day and way more than broke even. I think building up off of these more simple EAs into a all encompassing EA would be easier than trying to code that huge EA at once with all the signal checks from the CoG, UTF, Trix slope/crosses, etc.

I'd like to hear some input from Golden1 and others though before you make a decision as to what direction to go with a new EA. I think they'll agree though that something simpler like a HMA(x) trend EA or UTF slope/level EA instead of a big EA would be a better direction

I really appreciate your interest in coding for this thread. Thanks!
  • #87
  • Feb 15, 2010 12:12am Feb 15, 2010 12:12am

Attached is a chart with a EURJPY short signal. Circled are the indications that the trend had changed, and approximately where to go short (around third green renko or first red renko following third green). Good for about 25 pips at the moment, if you got in later perhaps around 15-20 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy utf+renko 5.gif Size: 38 KB
  • #88
  • Feb 15, 2010 1:50am Feb 15, 2010 1:50am
Here's another signal on EURJPY, this time a long trade. Notice how the Renko "candles" were consistently hitting resistance/support (resistance for the Renko trend) @ 122.40. Renko blocks only form when the 5 pip "block" either above or below the current block is completed. Two or more blocks stopping out @ the same PA level is just another indication of an imminent reversal; once of course the other indicators have confirmed the move .

Again, we see the HMA(20)'s trend change, this time to bullish. The Trix(fast) turns green (a good exit point for the last short trade), and then goes to intersect the Trix(slow); with the Trix(slow)'s slope going bullish thereafter. UTF had plateaued @ directly after the Trix intersection, and went positive shortly thereafter. PA is hovering around MR1 at the moment (ATM hereafter, as I am tired of typing it; many things are happening ATM, so you'll excuse my acronym ).

The most obvious resistance line to keep in focus ATM are 122.80 and 122.85; where we could see the current uptrend sputter and reverse. ATM, this long trade is worth about 15 pips if you got in slightly after the confirmation. 20 if you were on the ball. PA is edging up into the higher stratospheres of the CoG....so watch out!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy utf+renko 6.gif Size: 37 KB
  • #89
  • Feb 15, 2010 7:29pm Feb 15, 2010 7:29pm
I'm now going to be trading EURUSD again with this system (slightly tweaked); but I'm taking profit much earlier than the other pairs. The average moves (HMA/Renko trend changes) are, on average, worth less than the other yen crosses, etc. I'm looking in the 5-10 pip range, taking quick profits. EURUSD normally has one or two BIG moves a day, and the rest are relatively small.
  • #90
  • Feb 16, 2010 12:27am Feb 16, 2010 12:27am
Very nice renko chart rainingpips

Brian

Quoting rainingpips
Here's another signal on EURJPY, this time a long trade....
  • #91
  • Feb 18, 2010 10:01am Feb 18, 2010 10:01am
I'll try to take a look at this new system over this weekend and let you know about results.
  • #92
  • Feb 18, 2010 6:34pm Feb 18, 2010 6:34pm
Thanks Engineer, sorry I haven't posted in a few days; I've been experimenting integrating Renko into this system and it has been....interesting.
  • #93
  • Feb 24, 2010 11:43am Feb 24, 2010 11:43am
Hey RP, please post your current renko template and any needed additional indicators. What has your experience been and what is your current entry method?

Brian

Quoting rainingpips

Attached is a chart with a EURJPY short signal. Circled are the indications that the trend had changed, and approximately where to go short (around third green renko or first red renko following third green). Good for about 25 pips at the moment, if you got in later perhaps around 15-20 pips.

  • #94
  • Feb 24, 2010 7:11pm Feb 24, 2010 7:11pm
I've been keeping an eye on this thread for a while now and have decided it to demo it (the original system described in post 1) on the 4hr chart using the 30 min chart as confirmation. I've attached the chart of my latest entry.

Latest trade entry:

The UT is suggesting that there is a consolidation in price on the CAD/CHF (direction of COG and price action). On the 30 min this consolidation period is over and the trend is continuing (CAD bullish).



What do you guys think ? From my visual backtesting of a few cross pairs it looks profitable trading like this? any advice would be much appreciated.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: H4.jpg Size: 95 KB
Click to Enlarge Name: M30.jpg Size: 94 KB
  • #95
  • Feb 24, 2010 8:33pm Feb 24, 2010 8:33pm
Quoting Jaula
I've been keeping an eye on this thread for a while now and have decided it to demo it (the original system described in post 1) on the 4hr chart using the 30 min chart as confirmation. I've attached the chart of my latest entry.

Latest trade entry:

The UT is suggesting that there is a consolidation in price on the CAD/CHF (direction of COG and price action). On the 30 min this consolidation period is over and the trend is continuing (CAD bullish).



What do you guys think ? From...
I recommend switching out the older CoG with the "newer" JB CoG. The "older" version repaints, and isn't as accurate. I've attached the one you need.

Also, regarding your trade. You have bought too late in my opinion. You normally want to go long below the "equilibrium" middle (black) line of the CoG. Also, UT_FAST looked overbought when you went in. Depending on how daring/good you are with the system, longs should be entered when the UT_FAST breaks the 20 level or when it crosses. In your trade, the UT_FAST looks to have already crossed and then some when you entered in. I would exit out of that trade and prepare to go short ; take a small profit if possible
Attached File(s)
File Type: ex4 JB Center of Gravity.ex4   6 KB | 825 downloads
  • #96
  • Feb 24, 2010 8:38pm Feb 24, 2010 8:38pm
Quoting golden1
Hey RP, please post your current renko template and any needed additional indicators. What has your experience been and what is your current entry method?

Brian
The new Renko system (which is almost finished, I know it's been forever since I posted) is almost done. I've created a detailed PDF that I will post later tonight; probably around 1:30-2:00 AM if you want to stay up. It's entirely different than the current system, but contains many elements from it. I think I might start a new thread or just build off this one. We'll see.
  • #97
  • Feb 24, 2010 8:59pm Feb 24, 2010 8:59pm
Attachment Here's a taste of what I'm working with now with Renko. Basically we have carry-over indicators like the Trix and SDL lines, but I've updated them with new parameters to work well with the Renko(5) offline streaming charts. The SDL(100) is what I'm following for the main trend, with the HMA(10) changes acting as places to exit and then re-enter into the main trend. The first main direction were worth about 80 pips on the long (that's if you just bought in a stayed in until the next SDL(100) change) or more if you were exiting and re-entering on the upswings. The downtrend is still going strong, but we'll see how far it goes down.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd renko 5 (3).jpg Size: 136 KB
  • #98
  • Feb 24, 2010 9:00pm Feb 24, 2010 9:00pm
Sounds great... I have quite some renko experience as well
so I would love to check it out and also give feedback

Brian

Quoting rainingpips
The new Renko system (which is almost finished, I know it's been forever since I posted) is almost done. I've created a detailed PDF that I will post later tonight; probably around 1:30-2:00 AM if you want to stay up. It's entirely different than the current system, but contains many elements from it. I think I might start a new thread or just build off this one. We'll see.
  • #99
  • Feb 24, 2010 9:02pm Feb 24, 2010 9:02pm
This setup is a 5 pip renko setup?



Brian

Quoting rainingpips
Attachment Here's a taste of what I'm working with now with Renko....
  • #100
  • Feb 24, 2010 9:16pm Feb 24, 2010 9:16pm
Quoting golden1
This setup is a 5 pip renko setup?



Brian
Yes, it is a 5 pip setup. I was using a 10 pip setup, but I didn't think it was pumping out signals earlier enough, and the 5 has been juuuust right. I would appreciate feedback Brian!
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