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Momentum Trader EA

  • #141
  • Jul 10, 2010 3:22pm Jul 10, 2010 3:22pm
Quoting Pardy
Actually, my Dad is rather good at astrology, and its his hobby, plus I have friends back in India who are quite good at life astrology. I guess although I've always been interested in it, to be honest I never actually made the effort to learn. Lately, tho', I've been very intrigued by it, particularly how karmic influences are reflected through planetary ones, and I've experienced how powerful it can be. This is one science that displays order within the chaos.

I shall do some research on it as well, and call upon my friends to help.

Thanks
Pardy...
That's awesome. I love India and it's culture. If you read through their ancient texts, you will be amazed by the power of their genius. I haven't studied a lot of astrology. First, I thought it was crap. Then I started researching it's effects on markets and couldn't deny what was in front of my eyes

Good luck with your research!
  • #142
  • Jul 10, 2010 3:43pm Jul 10, 2010 3:43pm
we got time until aug 1st pls dont close
  • #143
  • Edited 4:45pm Jul 10, 2010 3:45pm | Edited 4:45pm
I won't. The offer is still there, for 499$. Thanks
  • #144
  • Jul 11, 2010 1:44am Jul 11, 2010 1:44am
This is really fascinating! I have sort of made a silent hobby of observing the behavior the lunar cycles have on people close to me. That being my Fiancé, my best friend and my dog. The correlation is most obvious.

My question(s) to you are:

1) Why a 15m chart when the moon cycles are daily and monthly? Seems to me that the dailies would be the most accurate.

2) Please tell me the indi doesn't repaint. (OK, that wasn't a question)

I'm not bashing you at all...This is fascinating stuff!
  • #145
  • Jul 11, 2010 3:28am Jul 11, 2010 3:28am
Quoting wolfeman
This is really fascinating! I have sort of made a silent hobby of observing the behavior the lunar cycles have on people close to me. That being my Fiancé, my best friend and my dog. The correlation is most obvious.

My question(s) to you are:

1) Why a 15m chart when the moon cycles are daily and monthly? Seems to me that the dailies would be the most accurate.

2) Please tell me the indi doesn't repaint. (OK, that wasn't a question)

I'm not bashing you at all...This is fascinating stuff!
Thank you for your reply!

1) Most people want to trade intraday, as there are more opportunities for people with small to medium accounts. Lunar cycles aren't just monthly (full/new moon) or daily (tides every 12.5 hours), but also intraday. In financial astrology, it is a well known fact that the Moon is the INTRADAY TRIGGER. Using a square of nine Gann formula that uses the Moon's longitude as an input, that is what you get. Support and resistance on intraday charts. It's pretty amazing.

2) The indi DOES NOT repaint (the dotted lines on the chart). And the indi on the bottom only repaints bars that are MORE THAN 300 BARS IN THE PAST. That is because new cycles might appear as time passes, so the indicator adds those to the calculation, but it only uses cycles up to 300 bars ago.

Thanks again
  • #146
  • Jul 11, 2010 3:53am Jul 11, 2010 3:53am
Hi,

Hmm...$999 is really expensive.
Do you have any kind of forward testing on your indicators? If yes, appreciate if you could post them here to prove your indicator works...

Thanks so much.
  • #147
  • Jul 11, 2010 4:25am Jul 11, 2010 4:25am
Quoting alankw88
Hi,

Hmm...$999 is really expensive.
Do you have any kind of forward testing on your indicators? If yes, appreciate if you could post them here to prove your indicator works...

Thanks so much.
I can't sell something I've conceived over months of work for 100$... The internet is full of 200$ EA's promising huge profits, when in fact they are useless. So I don't think it's so expensive. At least it's useful .

About the forward testing, no, I don't have any forward testing and I don't believe in providing that for any indicator, as I stated on the website also. Your success in trading depends 90% on discipline and money management and 10% on the methods/tools used. At least that is my take on it. You can download the indicator that shows the support/resistance dotted lines for free from the website ( http://marketides.com ), so you can do your own forward tests and see how well/bad they work on your charts. If you are pleased with them and want to improve things, you can buy the full package from the website (that includes the indicator on the bottom, for timing of trades).

Hope that answers your questions

Thank you for your reply
  • #148
  • Jul 11, 2010 4:38am Jul 11, 2010 4:38am
Hi,

What is the meaning of each color (eg: red, green, white) for the dot line?

Thanks.
  • #149
  • Jul 11, 2010 4:43am Jul 11, 2010 4:43am
Quoting alankw88
Hi,

What is the meaning of each color (eg: red, green, white) for the dot line?

Thanks.
Hi,

There is one line that represents the longitude of the Moon translated to price and the other lines are harmonic values added to the base line. I put different colors on each harmonic (0 degrees, 90, 180, 270).

Thanks
  • #150
  • Jul 11, 2010 4:52am Jul 11, 2010 4:52am
Could you please give some guidelines how to trade with the dot line? Thanks.
  • #151
  • Jul 11, 2010 4:56am Jul 11, 2010 4:56am
Quoting alankw88
Could you please give some guidelines how to trade with the dot line? Thanks.
Hmm, how are you with support/resistance? Better add me to skype (bumasoft). We can talk easier there.

Thanks
  • #152
  • Jul 11, 2010 5:12am Jul 11, 2010 5:12am
alan, long story short, you use them as support/resistance, when you have higher highs/higher lows, you buy dips into those lines, when you have lower highs and lower lows you sell rallies into those lines. You can also plot fibonacci retracement levels on important waves and get powerful levels that are in confluence with a 38.2%, 50% or 61.8%. Also, it's important to watch your bigger timeframes (H4 & D1) and draw your important support/resistance levels (find the highs/lows that stick out on the chart) then watch for important bounces when price touches a moon line that is close to those bigger timeframe support/resistance levels. It's not that hard, but eventually, it all depends on your analytical power, your psyche (fear/greed control), trade & equity management etc. There are lots of factors in trading besides indicators and you need to learn discretion. Lots of screen time needed

Hope I answered your question, if not you can always contact me on Skype.

Thanks
  • #153
  • Jul 11, 2010 5:17am Jul 11, 2010 5:17am
Thanks for your guidance
  • #154
  • Jul 11, 2010 5:21am Jul 11, 2010 5:21am
You're welcome. You should post a chart here after you set the indicator up, so I make sure the indicator plots as expected.

Thanks
  • #155
  • Jul 13, 2010 3:52pm Jul 13, 2010 3:52pm
Quoting bumasoft
Hi, buddhi

From your nickname, I presume you are into buddhist or advaita philosophy? That's my biggest hobby.

Anyway, you are right about this sounding too "esoteric" to traders. So that might explain the lack of interest in the indicators. I don't think you can get the same value for the same price anywhere on the internet, so, in the end, it's not my loss if there's no one interested in them

Cheers
I think more than being "esoteric", most people would not understand how to use it, or what the given settings mean.

On that subject, could you please give the settings you are using - i get nothing like the s/r lines that you show in one of your charts above.

This should help me get started, many thanks.

Pardy.
  • #156
  • Jul 13, 2010 4:02pm Jul 13, 2010 4:02pm
Hi Bumasoft,

I think I just posted on your other thread! On the markettides indicator, could you pls let me know what your settings are, since I couldn't get the s/r lines to plot as you show above.

Many thanks for your help.
Pardy
  • #157
  • Jul 13, 2010 4:03pm Jul 13, 2010 4:03pm
Quoting Pardy
I think more than being "esoteric", most people would not understand how to use it, or what the given settings mean.

On that subject, could you please give the settings you are using - i get nothing like the s/r lines that you show in one of your charts above.

This should help me get started, many thanks.

Pardy.
Oops. Where did you get the software from then?
  • #158
  • Jul 13, 2010 4:05pm Jul 13, 2010 4:05pm
Quoting Pardy
Hi Bumasoft,

I think I just posted on your other thread! On the markettides indicator, could you pls let me know what your settings are, since I couldn't get the s/r lines to plot as you show above.

Many thanks for your help.
Pardy
Please post a screenshot here so I can see how they look. I use the default settings, so there might be something wrong with the package. Also, do you use a 5 decimal data feed or 4 decimals?
  • #159
  • Jul 13, 2010 4:46pm Jul 13, 2010 4:46pm
Hi, I'm attaching a chart on gu 30m tf.
I use a 5 digit broker, using default settings.
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: buma.gif Size: 25 KB
  • #160
  • Jul 13, 2010 4:54pm Jul 13, 2010 4:54pm
heres the indicator settings.

hoffset is 0. Planet1 is 1, all others are -1.

natal date is default, angle is 0, digits 5, multiplier .0001, comm10 -1, middle value -1, truepos = true, heliocentric = false, futre bars 50, max lookback 10000, wingding 158.

Thanks
Pardy
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