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Old Dog Fib Trading - EURUSD

  • #281
  • Oct 11, 2010 9:51am Oct 11, 2010 9:51am
Hi CanuckUK

Out of interest have you been tracking the progress with the various methods from that spreadsheet you posted last week?

Regards

Rump.
  • #282
  • Oct 11, 2010 9:53am Oct 11, 2010 9:53am
Yes..will post update weekly
  • #283
  • Oct 11, 2010 10:03am Oct 11, 2010 10:03am
Quoting CanuckCT
Yes..will post update weekly

Ok great thanks, as it is I am only following Sqaulou's so keen to see how it compares.

Regards.
  • #284
  • Oct 11, 2010 10:43am Oct 11, 2010 10:43am
Hi OD,

My apologies for the delay in responding. Thanks for the kind thoughts.

Things are heading in a good direction, and I understand this thread is oriented towards a system. If I have anything that I can add, I'll certainly lend a hand, and of course am following along to see what you guys come up with. I think the key is the trigger. When I get back from my trip I have a template for something I'd like to share that you may find interesting.

It's a bit different logic structure, but could add an edge for entries and exits.

Anyway, best of luck and catch up with you soon.


Quoting Old_Dog
Fudomyo-san

Thank you for calling into our thread and for your kind words....
  • #285
  • Oct 12, 2010 2:22am Oct 12, 2010 2:22am
G'day squalou,

I've put your indi (v 1.4) in IBFX (left) and FXPro (right), and lined them up for comparison and I have adjusted the NY open time so that they start on the correct candle in IBFX to match FXPro, but the levels are way different.

It would be good if we can get it working on any broker and I believe that is your intention with the NY_Close_Hour variable.

I will have a look at your code to see if I can correct this, but maybe you'd be better at it, as no one knows your code like you! I guess it is probably due to using day or monthly candle times in the calcs and o fix it, you'd have to work on the close of the relevant hourly candles. Broker differences in hourly closes should be minimal.

One thing to note, even after this is resolved, is that GMT is the standard and time zones vary with daylight savings and such (and the Internet time servers are often messed up with this - at least for a month each changeover with NSW, Australia anyway).

What I was thinking was that we could have the indi display "Current NY time is XX:XX" and tell the user to compare this with http://www.timeanddate.com/worldclock/city.html?n=179 (that site seems to be able to get it right!).

This would make it very easy for a user to adjust the timing on the indi (time offsets confuse the best of us!)

Regards,
Bigtent.
  • #286
  • Oct 12, 2010 2:27am Oct 12, 2010 2:27am
Forgot the image in the last post....
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  • #287
  • Oct 12, 2010 9:32am Oct 12, 2010 9:32am
Guy,

How are those of you that are using the Guru/Squalou indicators getting on?

Regards

Lee
  • #288
  • Oct 12, 2010 9:45am Oct 12, 2010 9:45am
Hi Bigtent,

Read this...

http://www.forexfactory.com/showpost...9&postcount=91

Essentially, because of the extra "short" day, you will get different phase values and a different midpoint....the midpoint is used in the calcluation and therfore you get a different result. A broker that does not have a "Sunday" is recommended. I'll let squalou indicate whether this can be easily rectified.

Cheers
CanuckCT

Quoting bigtent
G'day squalou,

I've put your indi (v 1.4) in IBFX (left) and FXPro (right), and lined them up for comparison and I have adjusted the NY open time so that they start on the correct candle in IBFX to match FXPro, but the levels are way different.

It would be good if we can get it working on any broker and I believe that is your intention with the NY_Close_Hour variable.

I will have a look at your code to see if I can correct this, but maybe you'd be better at it, as no one knows your code like you! I guess it is probably due to using day or monthly...
  • #289
  • Oct 12, 2010 9:47am Oct 12, 2010 9:47am
I have a tally...will post at end of week.
Cheers
CanuckCT

Quoting leemonk
Guy,

How are those of you that are using the Guru/Squalou indicators getting on?

Regards

Lee
  • #290
  • Oct 12, 2010 10:12am Oct 12, 2010 10:12am
Quoting CanuckCT
I have a tally...will post at end of week.
Cheers
CanuckCT
Thanks Canuck,

Was there a tally for last week? I think i missed it if there was.

Regards

Lee
  • #291
  • Oct 12, 2010 10:34am Oct 12, 2010 10:34am
Quoting bigtent
G'day squalou,

I've put your indi (v 1.4) in IBFX (left) and FXPro (right), and lined them up for comparison and I have adjusted the NY open time so that they start on the correct candle in IBFX to match FXPro, but the levels are way different.
(...)
I guess it is probably due to using day or monthly candle times in the calcs and o fix it, you'd have to work on the close of the relevant hourly candles. Broker differences in hourly closes should be minimal.
That would indeed do the trick...
We have no choice here but to code our own iATR() function
Find the first candle of the week, then compute Daily ATR "by hand" by chunks of 24-hours candles...

Unless someone already has written that somewhere ?...

SQ
  • #292
  • Oct 12, 2010 10:34am Oct 12, 2010 10:34am
http://www.forexfactory.com/showpost...&postcount=217

I'll provide further update at end of this week.
Cheers
CanuckCT


Quoting leemonk
Thanks Canuck,

Was there a tally for last week? I think i missed it if there was.

Regards

Lee
  • #293
  • Oct 12, 2010 12:47pm Oct 12, 2010 12:47pm
Quoting squalou
That would indeed do the trick...
We have no choice here but to code our own iATR() function
Find the first candle of the week, then compute Daily ATR "by hand" by chunks of 24-hours candles...

Unless someone already has written that somewhere ?...

SQ

I am looking at your code.

I think the iATR function could be replaced. I have the source for it, so it would mean "manufacturing" daily values from hourly candles (loop) and feeding that in... only need the highs and low, so that shouldn't be too hard.... Putting on my thinking cap!
  • #294
  • Oct 12, 2010 12:58pm Oct 12, 2010 12:58pm
Hi Guys

Well, the experiment continues. On Sunday evening I sent LeeMonk and CanuckCT my levels for this week. Although I have 8 numbers in my notebook, I only put 3 on the chart as the others are too far away from the current price. I will add these, and remove existing lines, as the price moves.

The relevant levels I sent the guys were:

Monthly "A" = 1.3939 (same as last week, of course)
Weekly "X" = 1.3890 (same as Fudo's WS1)
Weekly "Y" = 1.3781 (same as Fudo's WS4)

The price respected these very well, see attached chart.

Monday was slow, as the US and Japan were on holiday I believe, so the price came down from the weekly gap open and sat around 3939. It then fell in a single H1 candle to 3890, accurate to the pip. On Tuesday, it retested, then fell to 3781, leaving only 5 pips on the table.

It has now bounced back up towards 3890, so these 3 lines are still in play.

Note how the two critical weekly lines at 3890 and 3781 coincided with two of Fudo's weekly levels! Just use Fudo's levels, and then throw most of them away as I have described ad nauseam. You will then just be left with a few lines that matter!

Best regards and good luck,

Old Dog
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  • #295
  • Oct 12, 2010 1:14pm Oct 12, 2010 1:14pm
I was following Fudo's today, and as you say seemed to be right on the mark!

You say get rid of most of the lines, what lead you to keeping the 3 lines that you did?

I know you mention to look back at previous highs/lows but by doing that it seems most of Fudo's lines will be valid to a certain extent?

Regards

Rump.
  • #296
  • Oct 12, 2010 1:30pm Oct 12, 2010 1:30pm
Guys

...and so it goes on.

Pip-perfect trading!!

Regards

Old Dog

PS. These are real-time updates!! How many other systems put their money where their mouth is like this?
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  • #297
  • Edited 2:00pm Oct 12, 2010 1:43pm | Edited 2:00pm
Quoting bigtent
I am looking at your code.

I think the iATR function could be replaced. I have the source for it, so it would mean "manufacturing" daily values from hourly candles (loop) and feeding that in... only need the highs and low, so that shouldn't be too hard.... Putting on my thinking cap!
Yes, not too difficult, if you do decide to code it, I think it would be best as a function so it can be dropped into their code more efficiently and use less CPU for look ups in the iCustom().

Another way might be to just use TimeDayOfWeek(Time[i]) In a for loop with a if statement that will collect the Daily range for the day if TimeDayOfWeek(Time[i]) != 0. Then the for loop "i" can be set to an extern input for the periods to consider as in iATR and Then just divide the accumulated Daily Ranges by that same extern input period number.
  • #298
  • Oct 13, 2010 5:24am Oct 13, 2010 5:24am
...and again, back to Weekly "O".

Even "the Bastard" (GBPJPY) is trying to behave itself!

Regards

Old Dog
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Attached Image
  • #299
  • Oct 13, 2010 5:50am Oct 13, 2010 5:50am
Quoting Indrek
I had a look at Fudo's lines,too, and must say that it is quite enough to have just weekly lines on the chart. At least EU and EY respect those very well, and possibly, the hourly chart is the best one to trade these.
Indrek,

I am still 'working' my way through the screening process of which lines to keep and which to remove.

What does seem to work well is where there is confluence. So, even if you do not really want all the monthlies, it may well be worth a look to at least keep those that line up with the weeklies that you do like.

Just a though............

Regards

Lee
  • #300
  • Oct 13, 2010 5:42pm Oct 13, 2010 5:42pm
For anyone who is using Squalou's indicator for trading the breakouts at NY close, I have the close at 1.3961 but Breakout 1 to go long (green box) is at 1.3945 resulting in price being above the BO1 at the start of the new day. Does anyone else have the same?
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