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NEW Candles Formation Trading -Petar Formation

  • #281
  • Aug 18, 2010 4:06pm Aug 18, 2010 4:06pm
Quoting Tuner
Ya. dashboard to watch them all.. and email-alert posted when setup occurs.
(--> so I can check and enter from my mobile phone while I am at work...
I totaly agree its you desicion where you want to take trade,if i see candle will close soon you can grab before third finished but also sometimes you will see better price if you wait


Petar
"Buy on fear, sell on greed !!!
  • #282
  • Aug 18, 2010 4:08pm Aug 18, 2010 4:08pm
Quoting ducke
I add new Indicator, I hope to be functional and adhered to the rules. I appreciate comments,

Ducke
Ducke you must read first page few times,in your trades i see many bad setups and they dont have all rules...Thanks for effort but read carefully what we talk...




Cheers


Petar
"Buy on fear, sell on greed !!!
  • #283
  • Edited 4:41pm Aug 18, 2010 4:17pm | Edited 4:41pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting billbss
It doesn't meet the 50% rule.

Look at the set-up I have marked below.
To meet the 50% rule, the low of the LC would have to reach the horizontal line I have drawn. It doesn't. It stops 5 pips above it.

This is the way he explained it several times. I see he says this looks good, so he may have already changed the rule.
Who knows.

Also, the arrows are distracting. The dots are enough.
I agree on your marked setup. It doesn't meet the 50% rule as I understood it.

I know I said before it seems correct in the indi. With the examples I looked it it was fulfilled.
But please don't blame Petar again now.
He also had a quick look at it. didn't find any examples where it was obviously wrong and said "Looks OK"
I don't think the rules of the system have changed.

We work here together. Petar shares the idea. Coders make an indi for it (also with their understanding if the setup)
Goal is to find somthing to help us all.

So Dezil. You might check again. How the 50% rule is checked in your indi

This is the part in there right?
...(Low[i+2]<(High[i+3]+Low[i+2])/2 || Low[i+2]<(High[i+1]+Low[i+1])/2

I am not a coder, but could this be the mistake. (where 50% of the third candle gets checked)
...(Low[i+2]<(High[i+3]+Low[i+3])/2 || Low[i+2]<(High[i+1]+Low[i+1])/2

(Didn't want to mess around with your code. Did change the parameter as indicated above. and it seems to work allright now.)
The setup mentioned by billbss above doesn't show up anymore.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eur_usd_now.gif Size: 20 KB
"Blue Horseshoe loves Anacott Steel!"
  • #284
  • Aug 18, 2010 4:25pm Aug 18, 2010 4:25pm
Quoting elaphiz
Hi Petar
I would like you to know you have had quite an impact on my approach to trading, May I say thank you Petar,...
Thank you very much my friend,

You are new member,

Conratulation on your fist post i hope we will together earn good pips...
"Buy on fear, sell on greed !!!
  • #285
  • Aug 18, 2010 4:33pm Aug 18, 2010 4:33pm
USDCAD looks good for now we will see if this can hit TP down


What you think guys ?
Attached Image (click to enlarge)
Click to Enlarge Name: cad.gif Size: 20 KB
"Buy on fear, sell on greed !!!
  • #286
  • Aug 18, 2010 4:43pm Aug 18, 2010 4:43pm
I like Your first indicator, however, it shows also those paterns which doesnt meet 50 % criteria, but i can figure by myself do i want to trade it or not.
And also i liek much better those arrows and dots.. dont now why Bill dont like it..

One thing i want to ask if its not hard and not taking a lot of time - for first indicator version - If price criteria meets 50 % rule than colors are red for sell or blue for buy. If price criteria doesnt meets 50 % rule - buy could be.. deepskyblue and sell could be.. some pink, something like that, so we could see when is 50 % and when not..


Perhaps, this could also like to some other members who can trade not having all mechanical rules..

However,
thank You for what You done already!

Best,
Tom



Quoting ducke
I add new Indicator, I hope to be functional and adhered to the rules. I appreciate comments,

Ducke
  • #287
  • Aug 18, 2010 4:51pm Aug 18, 2010 4:51pm
About indicators,

I will add on first post just fully version according rules,we will see who will make it..




Cheers


Petar
"Buy on fear, sell on greed !!!
  • #288
  • Aug 18, 2010 4:58pm Aug 18, 2010 4:58pm
I Updated NewPetardo Indicator, post #270

Thanks for your comments,

Ducke
  • #289
  • Aug 18, 2010 5:00pm Aug 18, 2010 5:00pm
Duckle,
please jsut modify Your first Indi for Petar rules. Its very good with arrows and dots. I think so. If others dont think so, just write it down here


Thanks.

Best,
Tom



Quoting Petar_Serbia
USDCAD looks good for now we will see if this can hit TP down


What you think guys ?
  • #290
  • Aug 18, 2010 5:06pm Aug 18, 2010 5:06pm
Are This Bars correct?
Attached Image (click to enlarge)
Click to Enlarge Name: 2newpetardo.gif Size: 25 KB
  • #291
  • Aug 18, 2010 5:17pm Aug 18, 2010 5:17pm
Quoting ducke
Are This Bars correct?
I cant see now from picture but just calculate if has more than 50 % that is ok...







CHeers

Petar
"Buy on fear, sell on greed !!!
  • #292
  • Aug 18, 2010 5:26pm Aug 18, 2010 5:26pm
Duckle,
which bar there is Middle bar ??
Those bars on which are arrows is entry bars ?
I don't see any patterns there if arrow bars are entry bars...
Also, there is not 50 %..

First indi which shows Middle bar and then with arrow shows entry bar was good !

Just add there 50 % rule for middle bar and we will have great indi :]

Thanks.

Best,
Tom



Quoting ducke
Are This Bars correct?
  • #293
  • Edited 5:41pm Aug 18, 2010 5:31pm | Edited 5:41pm
Quoting ducke
Are This Bars correct?

If that is the indicator, there are several it didn't mark.
  • #294
  • Aug 18, 2010 5:39pm Aug 18, 2010 5:39pm
Thanks Petar, Tuner and tfflyer for your comments.

The Arrow is de Leading Bar.

In the Chart, What Bar is wrong?

Ducke
Attached Image(s) (click to enlarge)
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  • #295
  • Aug 18, 2010 5:49pm Aug 18, 2010 5:49pm
Looks like this bar doesnt meet criteria, others on pictures is meeting criterias.. But lets wait Petar comments.


Best,
Tom

Quoting ducke
Thanks Petar, Tuner and tfflyer for your comments.

The Arrow is de Leading Bar.

In the Chart, What Bar is wrong?

Ducke
Attached Image (click to enlarge)
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  • #296
  • Aug 18, 2010 5:51pm Aug 18, 2010 5:51pm
Quoting tfflyer
Looks like this bar doesnt meet criteria, others on pictures is meeting criterias.. But lets wait Petar comments.


Best,
Tom
I just wrote this,but tfflayer answered,rule from 50 %...



Thanks tffflayer,


Petar
"Buy on fear, sell on greed !!!
  • #297
  • Aug 18, 2010 6:11pm Aug 18, 2010 6:11pm
Petar, rule 50 % is not met on 1 pattern which i draw on chart - am i right ?


Just 1 pattern is not ok.All others is ok patterns with 50 % rule..

Just confirm, so Duckle was sure.. and me too ;]

Best,
Tom



Quoting Petar_Serbia
I just wrote this,but tfflayer answered,rule from 50 %...



Thanks tffflayer,


Petar
  • #298
  • Aug 18, 2010 6:15pm Aug 18, 2010 6:15pm
Quoting tfflyer
Petar, rule 50 % is not met on 1 pattern which i draw on chart - am i right ?


Just 1 pattern is not ok.All others is ok patterns with 50 % rule..

Just confirm, so Duckle was sure.. and me too ;]

Best,
Tom
Yep,

For these setups on picture just is one incorect


Petar
"Buy on fear, sell on greed !!!
  • #299
  • Edited 7:11pm Aug 18, 2010 6:58pm | Edited 7:11pm
Quoting Petar_Serbia
Yep,For these setups on picture just is one incorect
Petar and tfflyer, you are correct. I fixed the indicator.

Now, Are Wrong some bar?

Thanks,

Ducke
Attached Image(s) (click to enlarge)
Click to Enlarge Name: newpetardo_ok.gif Size: 34 KB
Click to Enlarge Name: newpetardo_ok1.gif Size: 39 KB
Click to Enlarge Name: newpetardo_ok2.gif Size: 37 KB
Attached File(s)
File Type: mq4 NewPetardo.mq4   6 KB | 365 downloads
  • #300
  • Aug 18, 2010 7:18pm Aug 18, 2010 7:18pm
Quoting ducke
Petar and tfflyer, you are correct. I fixed the indicator.

Now, Are Wrong some bar?

Thanks,

Ducke
Hi ducke,

I see you miss some trades >


I will show you just one becouse i must go to sleep..Also in third picture third setup i dont see rule from 50 %...


Good night guys and trade safe

Cheers


Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
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