On My Way To The Top

Just a question: As I'm adding more MA's from different TF's, I have to change all settings again and again(I put all alerts to false; change MA method to '1' etc..).

Is there a way to hold these last settings used somehow?

The settings for AlertBarTimeFrame in MA settings: If I employ H1 MA on 15Min chart, what should happen if I put this settings to lets say 30(min) for the H1 MA?

MJ reply blue:
Just a question: As I'm adding more MA's from different TF's, I have to change all settings again and again(I put all alerts to false; change MA method to '1' etc..).

Is there a way to hold these last settings used somehow?

I know the original Meta trade Indis hold the last settings: but I don't know if customary can do that: (fact is I don't know MT4 very well)
But in case you have a customary indi who does that: you can post the mq4 file and maybe I can implement such too.


The settings for AlertBarTimeFrame in MA settings: If I employ H1 MA on 15Min chart, what should happen if I put this settings to lets say 30(min) for the H1 MA?

It is good that you check the AlertBarTimeFrame: I could not do that as it was weekend at that time.

Probably it is better you try this on the Stoch as we know them better and the option is basically the same:
AlertBarTimeFrame: Only should do something if you get alerts so they must be enabled. (guess sound is helpful in that case too)

Not sure if it works but the idea was: mainly for what_when_AlerterOption=0,
"0=Alert Only once per each Bar of AlertBarTimeFrame OR if MainMessage changed.";

meaning if you have a stoch e.g. trigger
Alert_StochCrossesAbove=80;
Alert_StochCrossesBelow=20;

you might get (if stoch is close to level) normally on the live bar many alerts because it wiggles up and down the cross line.

AlertBarTimeFrame should limit this alerts to 1 per TF bar OR of course if message changed.

If you employ M15 STO on 1Min chart, and have
AlertBarTimeFrame=1 You should get mostly only 1 same alert per one M1 bar (or message change.
AlertBarTimeFrame=5 You should get mostly only 1 same alert per one M5 bar (or message change.
AlertBarTimeFrame=15 You should get mostly only 1 same alert per one M15 bar (or message change.
AlertBarTimeFrame=30 You should get mostly only 1 same alert per one M30 bar (or message change.

at least that was the idea

hi despichtt,

would be also nice if you could try to reproduce the problem pmullin86 mentioned

http://www.forexfactory.com/showpost...&postcount=327

http://www.forexfactory.com/showpost...&postcount=328

I dont understand this problem; everything so far(I plotted H1 MA's on the 15Min chart) seems to work fine!?

Unique ID = Unique Prefix?? Means just different settings for the MA you want to use; all employed MA's are unique isnt it?

Or does he mean to use the same settings for another TF(just switch from 15min to H1, using the same settings)??

MJ Blue reply:
I dont understand this problem; everything so far(I plotted H1 MA's on the 15Min chart) seems to work fine!?

As I understood it: pmullin86 added 2 Stoch with Vline alerter (also past data)
When he added the second: the Vlines of the first disappear.

Unique ID = Unique Prefix?? Means just different settings for the MA you want to use; all employed MA's are unique isnt it?

NO, UniquePrefix is a string (I set it normally to the indi name) if the indi uses Objects like Vlines I use this UniquePrefix to distinguish between other objects: so that not all manually added Vlines etc get also deleted if you remove the indi.

Now if you add twice the indi with the same UniquePrefix there is no distinction (does normally not effect anything if you only plot Stoch lines or bars but like Vline objects are effected.)

So for 20 stoch rope no need to change it.
nor if you plot 5 indicator windows Stoch bars.

if you apply Vline Alerter twice you would need to make this UniquePrefix: unique

I generally add a number in from of it (e.g. the indicator window number.)

this is with alerts also useful so you can distinquish which of the multiple applied alerter have produced it. (you see that in the Popup alerter menu but also in the WriteToFile file.

Anyway it's good to understand it.

BTW: I mentioned some of this in the early pdfs.

Oh dear..

MJ, I didnt test any of the signaling yet..

I turned all options to false, just checking the corectness of all lines.

Its very complicated for me to just understand all of this; I'm trying very hard though..

Oh dear..

MJ, I didnt test any of the signaling yet..

I turned all options to false, just checking the corectness of all lines.

That is correct. Keep the focus on that. Yes turn off all alerter options is also correct for this most important tests

This is the main thing I want to have tested as it is our base for the alerter.
The alerter options are secondary but of course we still have to test them at one time.

Its very complicated for me to just understand all of this; I'm trying very hard though..

I know: too much changes - too many posts etc.etc. and than someone else’s mind to follow (the hardest of all)

Anyway see it that way: even if you do not understand all (me neither) you still get some bits of it and this will help already in the end.


Anyway: I'm off good hope that things might out work out: slowly but quite nicely.

Guess it was right to start redoing it.

I have increased the number of charts to 36 now!

Its still running fine; just slowing down a bit from time to time.

You think this enough?

I dont think you should try this on a labtop though.

Perhaps I'm not the ideal tester myself as I'm running pritty fast stuff as well(AMD 965 Black Edition with the fastest RAM(year ago) and there are no free ports left).

What do you say, stop here? Or do you want me to continue adding more??

Are you sure the Alerter consumes as much of capacity as writing down all lines on all charts?

I have increased the number of charts to 36 now!
Its still running fine; just slowing down a bit from time to time.
You think this enough?

Well, I guess 36 charts is enough for a start.


Are you sure the Alerter consumes as much of capacity as writing down all lines on all charts?

No, I'm not sure: mostly one will have not enabled everything. But through the checks for Tasks I guess it might consume more resources. I'm not so an expert on this.

I guess if all ColorBars, MTFStoch/MTF MA work fine you could move on to play a bit with the alerts themselves.

Just a couple of minutes ago I had a nice idea: I guess to keep it for the user more simple I will do something like that:

A user selects first the tasks he plans to use: that an info message will be plotted: which indi are needed to be enabled. Which means I will internally check for all such dependencies (I said in the last pdf I would not - changed my mind)

You mean when he selects all tasks within the alerter he will get a message or a predifined menue where you can select options and than get information on what you should enable?

I woudnt make it too difficult all together; its already very complicated!

Not sure how this would look like at the end; can you specify a bit more!?

MJ Blue reply

You mean when he selects all tasks within the alerter he will get a message or a predifined menue where you can select options and than get information on what you should enable?

Yes and no As I said before I don't know(don't think MT4 supports) drop-down selection menus in customary indicator (except true/false)

What I thought is: instead of not knowing which indi one has to enable for a task to work:
I check them internally and send a small comment message e.g: saying: Task Whatever need: Extern Sto1, MA5, Stoch Set2 enabled.

something like that. I could it internally activate: but there are many other parameters to be set like Kperiod, Slowing MinMax Level which have to be set by the user.



I woud'nt make it too difficult all together; its already very complicated!

Well, it's anyway more work than just a small dirty indi hack - so I might try doing it a bit more advanced with my limited MT4 knowledge - maybe I will really use it too. like to have some more or less workable ways to extend it in the future.

Made good progress.

BTW: a pic of what I had in mind. Once all those tasks combinations became complex it might be quite useful.

I'm also taking a break for the rest of the week(no trading).

I'm realy exhausted..

I try to keep up with you MJ but it takes a hugh effort. I've also been studying some mega threads like the Sexyman and other. Man, I'm realy realy tired from all..

I think I got most of the scenario's to scan for on paper; I will search for some nice charts to add and than publish them all.

Would be nice hear your opinion on them and to adjust them to perfection all together. I'm sure we got some similar things to scan for and can nicely discuss them afterwards! Hope Paul enters the show soon as well but I know he is very busy rigth now.

Mark

I'm also taking a break for the rest of the week(no trading).
I'm realy exhausted..
I try to keep up with you MJ but it takes a hugh effort. I've also been studying some mega threads like the Sexyman and other. Man, I'm realy realy tired from all..

I know that feeling - just overwhelming. I'm also a bit exhausted - will take it easy this evening.


I think I got most of the scenario's to scan for on paper; I will search for some nice charts to add and than publish them all.

That sound nice

Would be nice hear your opinion on them and to adjust them to perfection all together. I'm sure we got some similar things to scan for and can nicely discuss them afterwards! Hope Paul enters the show soon as well but I know he is very busy rigth now.

Well, he has additionally a day job too.

BTW: I'm quite satisfied how my new implementation progresses.
I guess I have a good flexible foundation to build upon. Still not sure about a couple of things.

The next step will be

1. to start implementing the first tasks and the run routine.I will do for a start only Extra STO1 (without the option which require the others and without tracking ability).

2.I guess than I will post a demo so that you guys can play and check how things go.

3.SET1 STO

4. After that: tracking ability.

5. And than finish up all the Stochastic stuff.

6. implementing the MA


Something along this lines.

Ok, I think I understand now.

So one first selects some options and than you verify internaly if its possible to take action on the tasks.

If additional settings have to be made before the tasks can perform: the system lets you know the additionals?

Sounds like very complex internal operations.

So in short: You can check internaly what options someone has selected and give feedback so to say for some adjustments you have to make before the tasks can take place?

Ok hey everyone I'm back from hiatus. I didn't just go missing or anything I've been quite busy this week between work, packing and moving and no internet connection all week I haven't been able to do much of anything. I managed to catch about 40 pips for the entire week which I managed to do at work somehow but if anyone noticed this was a really good week to make some good pips...I will be posting some pics from yesterday...I've revised my strategy to fit more with a ranging market. You see, if we are in a ranging market we can get signals to get in and get out and if we are in a trending market we get the same signals but we can know to just hold onto the position as it breaks out of whatever consolidation the particular pair has been in...but either way...I will be posting some pictures of some trades from yesterday as stated...and none of these are trades I took as I had no access to it until after the fact...

Paul

Next week I should be back on track with trading and everything and I will be increasing my lot sizes back to the normal two percent risk and following the money management guidelines outlined in the beginning of this...I just downed my lot sizes for the month as I worked on a few different things but the changes being made are slight. We still want the five things we look for to occur as far as the test and fail, stoch rope, divergence, at least three time frame stochastics always including the five minute heading in the same direction and the break below the slower moving averages with moving averages direction supporting our trade direction...now before I get into the revisions I want to say that this is the ideal situation and the perfect set up which is good however if we wait for everything to line up sometimes it may keep us out some good trades...so like spud did with his crossover trades using multiple time frames and risk percents I have devised something similar. Let's say if all these criteria are met we have 0 percent risk with 4 criteria met we have 15 percent risk and so for each criteria not met we have an increase in risk of let's say 15 percent and so our criteria met percentage drops from 100 percent to 85 percent and with two items not met it drops from 85 percent to 70 percent. Now we can not let our risk rise above 30 percent or our criteria met percentage can not drop below 70 percent. With this said we have to have a test and fail and the stoch ropes must support our trade and be converging, converging or lower time frame stoch ropes pulling back to wall and higher time frame stochs as the lower time frame will always want to pull back to the higher time frames in an attempt to pull those stochastics down or up from whereever it is at the time or whatever the scenario may be. Another thing to look for with this is we want to have either divergence or the moving average criteria met in order to get in a trade at just 70 percent risk outside of that the trade becomes a higher risk trade. But I have taken note to the power of the test and fail and stoch rope confirmation and with the gmma and divergence tools than this just puts the odds that much more in our favor and with these new revisions to my trading plan we are able to get in the ranging periods as waiting for the stochs to line up often times will keep us sitting on our hands all day and so we just use the basic fundamentals and principals of the stochastics as well as reading our price action and candle patterns to see where we are in a trade before actually pulling the trigger....it may sound complex but its really not as everything is so visual as far as what we are looking for but again I could never reiterate enough how important it is to keep our eyes on the bigger picture. To look for divergence and fib levels on the higher time frames to always seek logical take profit areas or our supply and demand zones and also the high potential reversal zones as I like to refer to them as. A perfect example of this is the gbp usd where on Friday we had a beautiful sell off taking place which ended with bullish divergence on the 5 minute 15 minute 30 minute charts as well as the stoch rope on the five minute chart and a test and fail of a 161.8 fib level on five minute chart with a test and fail of a channel bottom which was confluent with a four hour 78.6 fib retrace level and so price bounced about 120 points to the upside and these are the types of technical analysis that we want to look for when entering a trade to increase our edge and the chances of price going in the given direction...so this is far from a mechanical system and I know a lot of people try to find a mechanical system that is easy and can be profitable but in my honest opinion when it boils down to it you can't rely on a mechanical system or anything of the sort as we need to be able to use technical analyis and be able to really read what the market is telling us and that is what I really try and convery here..we need to really get a feel for the market and where we are with price and the levels we are facing and everything...(end rant)....pictures and trade examples coming soon...


Paul

Oh and a quick reference for more on test and fails and simple and easy price action set-ups...I would urge anyone to check out the thread and strategy by a user with the name on here of dredding82 and as I mentioned before in this thread for more on the guppy moving averages the thread by rohule on here is an excellent source...well I hope everyone is enjoying there weekend...I'm still just trying to settle into my new home...take care...


Paul

Maybe someone finds this indi (by mankurt) helpful for something.

MTF - I used it sometimes in the past - also helpful to think about MTF display, wiggling and readjustment of past data.

Here is a snapshot and a little description of some trade possibilities on Friday on the GBP USD.