14.2 Inverse | Forex Factory

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14.2 Inverse

  • #1
  • First Post: Edited Dec 6, 2010 2:41am Dec 1, 2010 10:07am | Edited Dec 6, 2010 2:41am
This is a short term trade on the 5 minute time frame that we want to eventually code for automation. We have made some attempt to automate and are at a stopping point for lack of a coder.
So we will simply trade manually for a while.

Nice and easy, fast and simple.

I don't know if the same success is there for other pairs and other time frames but EURUSD is very good on 5m chart.

Primarily price action based.

2ema hi lo channel
cci55
dss 21,34
8sma on the 60 min

That's it. All you'll ever need.

For long:
A signal is triggered when:
cc55 is between +100 and -100
dss is red.
2sma on 60 min is up
a candle closes inside the channel and then a candle closes below the channel lo, enter long next candle open
stop 30 limit 30

For short:
A signal is triggered when:
cc55 is between +100 and -100
dss is green
8sma on 60 min is down
a candle closes inside the channel and then a candle closes above channel hi, enter short next candle open
stop 30 limit 30

Easy, huh!!

For the latest downloads and improvements and they truly are improvements
see....
http://www.forexfactory.com/showpost...6&postcount=95
Attached Image (click to enlarge)
Click to Enlarge Name: v14.2inverse.gif Size: 23 KB
Attached File(s)
File Type: mq4 Robby DSS Bressert Colored with alert v1.1.mq4   4 KB | 857 downloads
File Type: tpl 14.2inverse.tpl   29 KB | 585 downloads
  • #2
  • Dec 1, 2010 3:05pm Dec 1, 2010 3:05pm
Hi Jiva,

It's a big loss, that we have lost our friend Taiyakixz, especially we are so close to accomplish whole mission. Fortunately we haven't lost you w/ your enthusiastic, optimism and effort you bring during this period of great Dragon power tool. I just wanted to let you know, that I'm still w/ you. Pls, keep up this good work.
I'm still testing original version14.2 for trending markets. It shows its potential. Many good trades were taken last weeks. Only weak point is reversal, or ranging market. And here comes into the play inverse14.2. I have checked couple possible setups on EU and it looks really nice and collect green pips as you described. Will try to check potential trades and report them here as a evidence of working Dragon brother. We can have Dragon Twins
  • #3
  • Dec 1, 2010 3:57pm Dec 1, 2010 3:57pm
Question...i got an alert that says eur/usd dss down at 1.3136....i have template & the Robby dss alert on the chart...so 2 different dss on the chart....so both dss are showing red so i buy here? because the alert says dss down that's what is confusing me right now...dss down means go long because both dss are red?
  • #4
  • Dec 1, 2010 10:53pm Dec 1, 2010 10:53pm
Quoting kapybara
Hi Jiva,

It's a big loss, that we have lost our friend Taiyakixz, especially we are so close to accomplish whole mission. Fortunately we haven't lost you w/ your enthusiastic, optimism and effort you bring during this period of great Dragon power tool. I just wanted to let you know, that I'm still w/ you. Pls, keep up this good work.
I'm still testing original version14.2 for trending markets. It shows its potential. Many good trades were taken last weeks. Only weak point is reversal, or ranging market. And here comes into the play inverse14.2....
Hey, thanks...
Yes, I know Taiyakixz is expert coder. I guess I was meandering a little too much for him to tolerate, but for me it is part of the creative process, I look at a lot of things, some I use right away, some I store for possible use later. But I guess it was too much for him, coding is very exacting and requires definite and precise directions.

But I think you have caught up the drift of what was developing with the "Dragon Twins".

I was wondering if anyone on the thread was following the development. I agree we are so close we can touch it...
and right at the very second we are about to turn a major corner, the door slams shut....

I can try to add cci to v14.2 this weekend. But it's gonna be a miracle if I can do it given my lack of ability to code.

Meanwhile here we are...
Nice to see you sticking with it...
Thanks...
  • #5
  • Dec 1, 2010 11:00pm Dec 1, 2010 11:00pm
Quoting ferndog
Question...i got an alert that says eur/usd dss down at 1.3136....i have template & the Robby dss alert on the chart...so 2 different dss on the chart....so both dss are showing red so i buy here? because the alert says dss down that's what is confusing me right now...dss down means go long because both dss are red?
Hi,

yes.. We are catching the rebounds with this strategy. So when everything says short we go long.
What tells us to do this is the cci55. When cci is between +100 and -100 it usually means there is no strong trend, so the likelihood of buying at or near the bottom of a ranging market is pretty good.

For buying bottoms if dss is red and cci55 between 0 and -100 and a candle has closed below the channel lo, it is even better for long...

vice versa short...

So we are only considering trades when cci55 is between +100 and -100, indicating a ranging market, or very weak trend...
Attached Image (click to enlarge)
Click to Enlarge Name: v14.2inverse1.gif Size: 27 KB
  • #6
  • Dec 1, 2010 11:10pm Dec 1, 2010 11:10pm
Looks like what is happening is that there is a last little push to the upside of buying that causes a candle to close above the channel hi before it reverses and heads down...
  • #7
  • Edited Dec 2, 2010 12:41am Dec 1, 2010 11:40pm | Edited Dec 2, 2010 12:41am
entered short
stop 30 limit 30

Bad trade stopped out
Not much of a break above the channel. Butting up against resistance, daily pivot...
Not all of them will be winners...
Attached Image (click to enlarge)
Click to Enlarge Name: v14.2inverse2.gif Size: 57 KB
  • #8
  • Dec 2, 2010 12:17am Dec 2, 2010 12:17am
Hi there nice system..


Just wondering if it would help to get better entries if you traded longs if DSS <= 20 because the daily trend is short.
  • #9
  • Dec 2, 2010 12:40am Dec 2, 2010 12:40am
Quoting sidhujag
Hi there nice system..


Just wondering if it would help to get better entries if you traded longs if DSS <= 20 because the daily trend is short.
Will keep an eye on it..
thanks
  • #10
  • Dec 2, 2010 12:53am Dec 2, 2010 12:53am
is this valid trade?
unfortunately loss trade?
Attached Image (click to enlarge)
Click to Enlarge Name: [EURUSD,M5]_2010-12-02_13-49-05.jpg Size: 54 KB
  • #11
  • Dec 2, 2010 1:21am Dec 2, 2010 1:21am
Quoting wtjs1971
is this valid trade?
unfortunately loss trade?
Unfortunately the signals are correct for enter short...
Not all will be winners.

I took a short a few candles earlier. Also loss...
  • #12
  • Dec 2, 2010 1:30am Dec 2, 2010 1:30am
Sticking to the strategy. Would look for entry long.
Attached Image (click to enlarge)
Click to Enlarge Name: v14.2inverse3.gif Size: 55 KB
  • #13
  • Dec 2, 2010 2:12am Dec 2, 2010 2:12am
okay,
it's all there.
entered long
stop 30 limit 30
Attached Image (click to enlarge)
Click to Enlarge Name: v14.2inverse4.gif Size: 43 KB
  • #14
  • Dec 2, 2010 2:18am Dec 2, 2010 2:18am
Here you go...

This one trades per your rules except it ensures DSS is below 20 for long and above 80 for short (default inputs). You can relax this like right now CCI is above 80 and you already went long.

I also added a long term trend check.. and only trade in that direction.

You may use as you please...

inputs:

extern double TakeProfit = 300;
extern double Lots = 0.1;
extern double SL = 300;
extern double MACDOpenLevel=300;
extern double MATrendPeriod=2;
extern double TrendMAShortPeriod = 9;
extern double TrendMALongPeriod = 18;
extern double TrendTF = PERIOD_H4;
extern double CCILowCutoff = -100;
extern double CCIHighCutoff = 100;
extern double DSSLowCutoff = 20;
extern double DSSHighCutoff = 80;

I changed the default values of the indicator to use what you use in the template.


Jag
Attached File(s)
File Type: mq4 jiva.mq4   4 KB | 453 downloads
File Type: mq4 Robby DSS Bressert Colored with alert v1.1.mq4   4 KB | 482 downloads
  • #15
  • Edited 3:32am Dec 2, 2010 3:18am | Edited 3:32am
Quoting sidhujag
Here you go...

This one trades per your rules except it ensures DSS is below 20 for long and above 80 for short (default inputs). You can relax this like right now CCI is above 80 and you already went long.

I also added a long term trend check.. and only trade in that direction.

You may use as you please...

inputs:

extern double TakeProfit = 300;
extern double Lots = 0.1;
extern double SL = 300;
extern double MACDOpenLevel=300;
extern double MATrendPeriod=2;
extern double TrendMAShortPeriod = 9;
extern double TrendMALongPeriod = 18;
extern...
Neat o....

I changed dss to 21 34
No trades aew taekn if cci55 is above +100 or below-100, trend may be too strong. we want to catch the pull back.
for a short cci55 needs to be below +100 otherwise trend may be too stong long for short.
cci55 below +100, dss green, candle closes above channel hi
(Looking for the last gasp in a short term trend, usually it corresponds to the end of a retracement)
But we are very glad to see you.
I'm relentless, hope you're not sorry you said hello...

what does the macd setting do?
Attached Image (click to enlarge)
Click to Enlarge Name: jiva1.gif Size: 37 KB
  • #16
  • Dec 2, 2010 3:25am Dec 2, 2010 3:25am
bingo!
it's a hit...
Attached Image (click to enlarge)
Click to Enlarge Name: 14.2.gif Size: 41 KB
  • #17
  • Dec 2, 2010 3:30am Dec 2, 2010 3:30am
looking for another entry long.
Attached Image (click to enlarge)
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  • #18
  • Dec 2, 2010 3:51am Dec 2, 2010 3:51am
We'll still wait for right set up.
Attached Image (click to enlarge)
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  • #19
  • Edited 5:33am Dec 2, 2010 4:18am | Edited 5:33am
one other indication we were consulting in working on the ea was a moving average on a higher time frame. I was using a 8sma on the 60 min. for trend confirmation...
  • #20
  • Dec 2, 2010 5:08am Dec 2, 2010 5:08am
Maybe it's too much to ask but would really like to see the "w" formation with a candle closing below channel low.
Now that would be very pretty indeed.
Attached Image (click to enlarge)
Click to Enlarge Name: 14.2c.gif Size: 24 KB
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