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MJ - My Indicators

  • #101
  • Edited 4:35am Aug 31, 2011 4:24am | Edited 4:35am
Quoting pmullin86
Morning mj, I'm curious about your trend dashboard what does it use to determine trend
I saw some trading videos by:Hector De Ville
(I don't know the guy personally:
the thing I don't like: he does a lot internet advertising in a style I don't like.
the thing I liked: I really enjoyed the way how he presented his trading videos.)

I recoded more or less the functionality I saw there and read about it. Nothing fancy.

Actually I found it a good supplementary to Spud's teachings.

Basically it's based on 3 MA Order and some addition don't remember anymore exactly: but I thing it was cancelled if price moved beyond the 3 Ma and some other stuff.

The display was quite nice: it was MTF- Multi pair - but sometimes froces my Pc a bit - I thing I implemented some additional pause in the latest version.

When the alarm signal happened than I think it was a current Ma price touch: otherwise only trend. It has nice feature like to highlight only selected time frames as in the pic below ect.. ect..

I think there was one feature to configure how many bars the MA order had to be so that it was considered a trend or something like that

And I added some other personal additions like the ATR showing possible entry direction based on something similar as my new supported DPP indi.

Anyway: at the moment I do not plan to redo this old indis for my new approach - so I just posted them as is
Attached Image
__Thanks__ MJ
  • #102
  • Aug 31, 2011 4:46am Aug 31, 2011 4:46am
NEXT PLANS:

At the moment I don't have many new plans as I did most of the indicators I had planned.

I hope to be back soon to full time trading and than I fix any errors in the NEW indis as I use them in real trading and as time permits (seriousness of error).

I will still do a couple of indis starting now:

I plan to do a more advanced Fractal kind of indi (build extra feature in the existing once) like ZZ simulation and some other stuff...
__Thanks__ MJ
  • #103
  • Aug 31, 2011 4:57am Aug 31, 2011 4:57am
Something completely off topic:

looking through my old trading stuff I just came across the worst spike I ever saw on my live account.

20071125 EURUSD SPIKE

As you see no use of my SL
Attached Image (click to enlarge)
Click to Enlarge Name: 20071125_EUR_USD_SPIKE.png Size: 19 KB
__Thanks__ MJ
  • #104
  • Aug 31, 2011 5:51am Aug 31, 2011 5:51am
Your able to get back to trading again also...
No man is free who is not a master of himself. -P.M.-
  • #105
  • Aug 31, 2011 6:04am Aug 31, 2011 6:04am
I will be testing the indies and such into the end of the week/beginning of next week and let you know my feed back and bugs or problems i come across if any
No man is free who is not a master of himself. -P.M.-
  • #106
  • Aug 31, 2011 10:20pm Aug 31, 2011 10:20pm
so far....templates are good to go just set up chart restarted mt4 cleared global variables and saved quick while everything loading up and its good thanks....
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd with alerts....gif Size: 42 KB
No man is free who is not a master of himself. -P.M.-
  • #107
  • Sep 1, 2011 1:29am Sep 1, 2011 1:29am
pmullin86, Good to hear that.

1.Did you also remove the objects from the templates if so how did that go?

2. Maybe one thing I noticed on the pic: which you could slightly improve:

in the EmtySubWindow indicators you could set a more specific text of what this one is about.
__Thanks__ MJ
  • #108
  • Sep 1, 2011 3:28am Sep 1, 2011 3:28am
This was just for starters so i wil go through again and do a more detail set up was just eager to get everything up to test and such....and i didn't delete the objects but had no problems....
No man is free who is not a master of himself. -P.M.-
  • #109
  • Sep 1, 2011 3:57am Sep 1, 2011 3:57am
Quoting pmullin86
was just eager to get everything up to test and such.....
__Thanks__ MJ
  • #110
  • Sep 1, 2011 6:22am Sep 1, 2011 6:22am
One thing I've noticed small thing...all the individual alerts are working as far as plotting vertical lines and pop up and sound alerts with email but the combined alert only plots the vertical lines and the pop up alert and sound alert and email alert appears to not be working correctly....as it only plots a vertical line and nothing else with a signal...
No man is free who is not a master of himself. -P.M.-
  • #111
  • Sep 1, 2011 8:19am Sep 1, 2011 8:19am
Thanks pmullin86. I will when time permits look at this.
__Thanks__ MJ
  • #112
  • Sep 1, 2011 8:23am Sep 1, 2011 8:23am
I hate to bombard you with questions and such but I'm also curious as to with the two stoch align...what parameters do you have set for dealing with oversold and overbought conditions...I was taking a look through some alerts from past and looking at signals when let's say the daily is overbought with one hour still between eighty and twenty level and it appears the way you did it was to consider the ob os area stoch direction...is that correct...
No man is free who is not a master of himself. -P.M.-
  • #113
  • Sep 1, 2011 10:02am Sep 1, 2011 10:02am
fourth alert sub window is all combined but wondering why it gave sell alert if one hour is up....any thoughts
Attached Image (click to enlarge)
Click to Enlarge Name: curious.gif Size: 41 KB
No man is free who is not a master of himself. -P.M.-
  • #114
  • Sep 1, 2011 10:08am Sep 1, 2011 10:08am
Quoting pmullin86
I hate to bombard you with questions and such but I'm also curious as to with the two stoch align...what parameters do you have set for dealing with oversold and overbought conditions...I was taking a look through some alerts from past and looking at signals when let's say the daily is overbought with one hour still between eighty and twenty level and it appears the way you did it was to consider the ob os area stoch direction...is that correct...
I'm not exaltedly sure to what you refer:
you will have to be more specific there nearly 100 indis
for a start the exact indicator name would help already a lot. (that will also be a good hint for the future)

if you refer to one of the: 4__ALopSTOkUpDn_MTF__2-8STOk indis:

UP = STOk is higher than STOk previous
DOWN = STOk is lower than STOk previous

STOk Direction UP/DN check is always the same (no difference in overbought or oversold.) I guess this is what you meant.

Anyway: I'm aware that stochastic are a bit difficult with direction because they are 0, 100 limited and as such react on this this extreme points a bit different than one would usually like to have them. For instance when a STO hits 100 and the price continues very strong upwards you get a number of bars (sometimes many depending on the setting with 100).

In that case the STO direction is flat. But that's basically what STO are.

There would be a couple of options to indicate that the price is still in uptrend.

1.
To change the code so that when the previous STO was 100 and the current STO is also 100 it means not flat but still uptrend

2.
Or simple keep it as it it is and do not make any changes (that is what I do: I want change the direction check)

and use the Alert Option: iAlertOptionWhen = 1;

3.
if one needs special situation for overbough/oversold area implement such in a separate code



BTW: did you have in mind that the direction of the sto should behave differently in ob/os area ?
__Thanks__ MJ
  • #115
  • Sep 1, 2011 10:30am Sep 1, 2011 10:30am
Quoting pmullin86
fourth alert sub window is all combined but wondering why it gave sell alert if one hour is up....any thoughts
Your screen is not too clear for outsiders: I would suggest during the first test period that you do a couple of things to improve that:

1. EmptySubWindow:

* use for the font a bigger size

* I'm not sure why you use as text: EmptySubWindow_0.00 but use something which defines what it does.

* The other thing is: We use different colors: which is perfectly fine) but it is not so easy to spot:

90 of the time I use for
UP: Red related colors and for DOWN: Blue related colors (you don't have to change for me I just wanted to make a point that when you say:
it gave sell alert and it is red related this is not immediately clear on the receivers side



Just some recommendation to consider for our communication.


Anyway: From your pic it's not clear why it gave a sell signal:

I could imagine a number of things:


1. if that was a live run it could be what I pointed out a couple of posts back post 92: This one can quite easily be checked - read the post.

2. a mistake in my code.

3. a mistake in your setup
__Thanks__ MJ
  • #116
  • Edited 5:04pm Sep 1, 2011 4:49pm | Edited 5:04pm
here is what I was referring to in the private message....these illustrate overbought conditions of the daily but the same would apply for the oversold conditions...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: overbought conditions example 1.gif Size: 49 KB
Click to Enlarge Name: overbought conditions example 2.gif Size: 40 KB
Click to Enlarge Name: overbought conditions example 3.gif Size: 30 KB
No man is free who is not a master of himself. -P.M.-
  • #117
  • Sep 1, 2011 6:26pm Sep 1, 2011 6:26pm
TODO: I understand: but that would mean if both are in overbought but turn down it is still uptrend.


I guess I can think of an very satisfying idea:

add the overbought stuff as you suggest - if one wants just normal direction set Oberbougth level to more than 100 (e.g. 101) and oversold to -1 than only normal direction would be checked with the same setup.

Not sure have time: I have a couple of other things to do.
__Thanks__ MJ
  • #118
  • Sep 1, 2011 6:52pm Sep 1, 2011 6:52pm
Quoting M_j
TODO: I understand: but that would mean if both are in overbought but turn down it is still uptrend.


I guess I can think of an very satisfying idea:

add the overbought stuff as you suggest - if one wants just normal direction set Oberbougth level to more than 100 (e.g. 101) and oversold to -1 than only normal direction would be checked with the same setup.

Not sure have time: I have a couple of other things to do.
Nope if daily is in overbought that is the main trend and the one hour is just our medium term trend so we dont enter trades with the one hour overbought or oversold but can if the daily is so if the hour goes overbought with the daily than it means the move is exhausted for the time being maybe and we need to wait for higher time frame to retrace (i.e. one hour comes down and turns back up) than we start looking for buys to get in on the trend resuming...
No man is free who is not a master of himself. -P.M.-
  • #119
  • Sep 1, 2011 11:44pm Sep 1, 2011 11:44pm
Quoting pmullin86
Nope if daily is in overbought that is the main trend and the one hour is just our medium term trend so we dont enter trades with the one hour overbought or oversold ..
Well, this are some other condition you did not mention before.

Anyway: the current combined Alert does not account for this - nor does the individual Multiple Stochastic direction Alerter. ALopSTOkUpDn_MTF
__Thanks__ MJ
  • #120
  • Sep 1, 2011 11:50pm Sep 1, 2011 11:50pm
Quoting pmullin86
but the combined alert only plots the vertical lines and the pop up alert and sound alert and email alert appears to not be working correctly....as it only plots a vertical line and nothing else with a signal...
Woke up this morning and had an idea what could be wrong:

FOUND it: THANKS for your valuable feedback.
I copied mistakenly the Past data Alert for the Live actions: and that Past Data Alert does not have sound email and pop-up as that would be very annoying if one gets 1000+ emails when one adds an indi.


So I will fix that and post it when I post the next update of the package. I rewrite a little bit of each indi so that I can use my new customary helper programs to semi some of the maintenance job
__Thanks__ MJ
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