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Sonic R. System

  • #25,921
  • Sep 3, 2011 3:53am Sep 3, 2011 3:53am
Quoting traderathome
This week for me......

15 trades closed. 10 gained. 5 lost. Net gain of 472 pips. And 2 new trades running, 1 down 15 pips and the other up 4 pips, net (including spreads).

Have a good weekend, Sonikers!

Regards,
-tah
WOW...it'd be my target for a month and you are doing it in 1 week.

Congrats!!!

You are on the right path now.

I guess you are doing more money so that with your micro-nano lots experiment.


Regards,
Nando.
"Being picky only cost your time - not MONEY"...Hans
  • #25,922
  • Sep 3, 2011 5:57am Sep 3, 2011 5:57am
Quoting traderathome
Hi Domas, my friend.

It is some special indy that produces just a thick 34 EMA.

(It is in my bag of tricks for the next release, including some nice improvements & additions to the Chart Panel.)
Nevermind, I figured it out

Though it is not accurate as dragon, because dragon expands and contracts depending on the volatility, because it takes into account Highs and Lows of candles. This, however, is just a thick EMA34 and neither expands nor contracts. It will create differences in charts of people who use dragon and who will use this.

Just saying,
Attached Image (click to enlarge)
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cut losses short, let profits run.
  • #25,923
  • Sep 3, 2011 8:42am Sep 3, 2011 8:42am
Quoting Domas4
Nevermind, I figured it out

Though it is not accurate as dragon, because dragon expands and contracts depending on the volatility, because it takes into account Highs and Lows of candles. This, however, is just a thick EMA34 and neither expands nor contracts. It will create differences in charts of people who use dragon and who will use this.

Just saying,
Hi Domas:

Could you explain the part i've marked in your subwindow chart?

Is this a value pip calculator for money management?

Regards,
Nando.
Attached Image (click to enlarge)
Click to Enlarge Name: cc.gif Size: 25 KB
"Being picky only cost your time - not MONEY"...Hans
  • #25,924
  • Sep 3, 2011 12:37pm Sep 3, 2011 12:37pm
Quoting nando_rich
Hi Domas:

Could you explain the part i've marked in your subwindow chart?

Is this a value pip calculator for money management?

Regards,
Nando.
Yes it is. It's basically the same as http://www.babypips.com/tools/forex-...sitionsize.php. So it does for me automatically. Everytime my account size changes, so does the lot size according to my risk % and stop loss.
cut losses short, let profits run.
  • #25,925
  • Sep 3, 2011 4:18pm Sep 3, 2011 4:18pm
Quoting Domas4
Nevermind, I figured it out

Though it is not accurate as dragon, because dragon expands and contracts depending on the volatility, because it takes into account Highs and Lows of candles. This, however, is just a thick EMA34 and neither expands nor contracts. It will create differences in charts of people who use dragon and who will use this.

Just saying,
The picture below shows a version where the dragon body is colored by histograms (applying different colors when the previous bar closes above/below the dragon. Does not look so good.
Attached Image (click to enlarge)
Click to Enlarge Name: EU_Dragon_test.jpg Size: 127 KB
Mind the gap
  • #25,926
  • Sep 3, 2011 4:46pm Sep 3, 2011 4:46pm
Quoting Domas4
Yes it is. It's basically the same as http://www.babypips.com/tools/forex-...sitionsize.php. So it does for me automatically. Everytime my account size changes, so does the lot size according to my risk % and stop loss.
But your stop loss is diferent every trade... How does it work? does you have to change it manually?
"Being picky only cost your time - not MONEY"...Hans
  • #25,927
  • Sep 3, 2011 5:50pm Sep 3, 2011 5:50pm
Quoting nando_rich
But your stop loss is diferent every trade... How does it work? does you have to change it manually?
Yeah, I enter it manually i the indy.
cut losses short, let profits run.
  • #25,928
  • Sep 3, 2011 6:05pm Sep 3, 2011 6:05pm
Quoting Domas4
Yeah, I enter it manually i the indy.
Ok thanks mate.
"Being picky only cost your time - not MONEY"...Hans
  • #25,929
  • Edited 8:20pm Sep 3, 2011 7:55pm | Edited 8:20pm
Quoting Domas4
Nevermind, I figured it out

Though it is not accurate as dragon, because dragon expands and contracts depending on the volatility, because it takes into account Highs and Lows of candles. This, however, is just a thick EMA34 and neither expands nor contracts. It will create differences in charts of people who use dragon and who will use this.

Just saying,
Well, you are absolutely right about what you said.

My thinking is this. For me, a lot of lines distracts me from the PA waves and SR, the two things most important. So, eventually my thinking came around to considering just a soft color wide band 34 ema in the background. Will it suffice? I would think so, at least most often it should suffice. We use the Dragon for two things: angle and entry. The band Dragon adequately shows the angle, since it is the ema line. As far as entry goes, we base that on entry being at least several pips beyond the end of the first candle that exits the Dragon. Since the band Dragon does not expand, it might show an exiting candle where the expanded line Dragon does not. Since it does not contract, it might not show an exiting candle where the line Dragon does. All in all, my thinking is that most often it won't make any difference. And whenever there are differences, they'll be insignificant.

I set the band at a width of 20 and 25, and came to like the 20 wide band best. For entry, the width of the band relative to the true line Dragon, and with expansion/contraction also considered, it is of no matter for me, since I find myself deciding on entry based more on SR than on several pips beyond the exiting candle.

You chided me last week for paying more attention to the Dragon than to SR, and rightly so. So, for me, the Dragon is now more an issue of angle and of PA being on the right side of it. So, I see no major issues with using a band Dragon. And it makes for a much cleaner chart where PA and SR have a chance to stand out more.

In the attached picture, the standard line Dragon overlays the 20 wide band Dragon. As you can see, there are places that differ. But overall, they are insignificant on M15. On larger TF charts like H1 and H4, the line Dragon can be wider. A wider band Dragon might be used, but maybe unchanged the band Dragon has an advantage on higher TF charts.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 3, 2011 - 031.gif Size: 27 KB
  • #25,930
  • Sep 4, 2011 3:40am Sep 4, 2011 3:40am
I totally agree. Dragon is there to tell us whether the price is beyond or above EMA34, and to some people it's helpful to know the angle. This will only make our charts cleaner so we can see waves and S&R better. Thou, I will be using 30 width.
cut losses short, let profits run.
  • #25,931
  • Sep 4, 2011 4:04am Sep 4, 2011 4:04am
Quoting traderathome
Well, you are absolutely right about what you said.

My thinking is this. For me, a lot of lines distracts me from the PA waves and SR, the two things most important. So, eventually my thinking came around to considering just a soft color wide band 34 ema in the background. Will it suffice? I would think so, at least most often it should suffice. We use the Dragon for two things: angle and entry. The band Dragon adequately shows the angle, since it is the ema line. As far as entry goes, we base that on entry being at least several pips beyond the...
Are there any way for put it back of the price using the candlevolume?


Regards,
Nando.
Attached Image (click to enlarge)
Click to Enlarge Name: gf15.gif Size: 21 KB
"Being picky only cost your time - not MONEY"...Hans
  • #25,932
  • Sep 4, 2011 4:45am Sep 4, 2011 4:45am
I need for tutorials explain how can we use this system (sonic R) good .. is it possible !?
this will help all beginner like me
  • #25,933
  • Sep 4, 2011 8:44am Sep 4, 2011 8:44am
Quoting traderathome
I set the band at a width of 20 and 25, and came to like the 20 wide band best...
How do we do this, TAH?
  • #25,934
  • Sep 4, 2011 8:55am Sep 4, 2011 8:55am
Quoting ddaytrader
How do we do this, TAH?
I set it to 30. You can change it by opening it up with notepad or MetaEditor and changing #property indicator_width1
Attached File(s)
File Type: mq4 WaveDragon.mq4   3 KB | 647 downloads
cut losses short, let profits run.
  • #25,935
  • Edited 9:55am Sep 4, 2011 9:09am | Edited 9:55am
Quoting Domas4
I set it to 30. You can change it by opening it up with notepad or MetaEditor and changing #property indicator_width1

Awesome share, Domas! Thank you!
  • #25,936
  • Sep 4, 2011 9:57am Sep 4, 2011 9:57am
Quoting traderathome
.... So, I see no major issues with using a band Dragon. And it makes for a much cleaner chart where PA and SR have a chance to stand out more...
This is a great idea, TAH! Thank you for sharing it with us!
  • #25,937
  • Edited 1:00pm Sep 4, 2011 11:22am | Edited 1:00pm
My SonicR Dragon Band-Trend Line indicator was to be included in the next release, which includes fixes and improvements to the SonicR Chart Panel as well. However, the interest here is such that I am posting the indicator. Perhaps feedback will assure the next indys release will have this in best form at that time. Some differences from the Domas4 Wave Dragon indy are as follows.

This indicator would be used to replace the SonicR Dragon-Trend indy. So, it still displays the Trend Line if you have that function turned on.

Due to the PA volatility, you will discover that on different pairs, and different TFs, the normal SonicR line Dragon can vary in width quite a bit. And Domas4 has pointed this out. So the question becomes whether to ignore that, or provide some feature to accomodate. My indicator accomodates. You can customize different band widths for every TF, which will automatically adjust the width of the Dragon Band when you change TFs. This feature can be turned off, and the width specified for the M15 TF will be used on all TFs. Different pairs might require different customized settings, which you can do on the charts for the different pairs.

As with previous, the M15 configurations of the Dragon and Trend can be applied to the M30 and H1 charts. This feature can be turned on/off for each of these two TFs independently, in both the Dragon and Trend settings.

One disadvantage to using the band configuration for the Dragon, is that in Chart Properties you must check that the price display be on top. This prevents the SonicR PV Candles from displaying, as they are now hidden beneath the chart candlesticks. I know of no way to resolve this. So, if you are married to candlesticks colored to volume considerations, don't use a band Dragon indicator.

My default settings for the width of the Dragon Band on the various TFs are arbitrary. I have used the "30" width which Domas4 likes, on all TFs from M1 up thru M30, on H1 "40" is used. On all higher TFs "50" is used. Please consider changing them to suit the volatility of the pair you are trading, and the TF you are viewing. Perhaps in time, with feedback, we can come to some adequate "universal" settings for the TFs, regardless of pairs.

Please read the Introduction (user notes) in the Compile.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # sept 4, 2011 - 032.gif Size: 26 KB
Click to Enlarge Name: # sept 4, 2011 - 033.gif Size: 32 KB
Attached File(s)
File Type: mq4 SonicR Dragon Band-Trend Line (White).mq4   11 KB | 1,093 downloads
  • #25,938
  • Sep 4, 2011 3:09pm Sep 4, 2011 3:09pm
"One disadvantage to using the band configuration for the Dragon, is that in Chart Properties you must check that the price display be on top. This prevents the SonicR PV Candles from displaying, as they are now hidden beneath the chart candlesticks. I know of no way to resolve this. So, if you are married to candlesticks colored to volume considerations, don't use a band Dragon indicator."

thanks for your inputs: tah, domas, dd, sunbrella. can i share this indi that i am currently using, i find this a 'little bit' similar to dragon. i just turned of the colors of the wave line and set it to .70 , i hope this helps.
-frank
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 23 KB
Attached File(s)
File Type: mq4 LaguerreFilter.mq4   3 KB | 488 downloads
  • #25,939
  • Sep 4, 2011 6:29pm Sep 4, 2011 6:29pm
My DJI short pay off, when I am on holiday..

What ya' mate!! Reporting LIVE from Gold Coast, Australia..

Sonic
  • #25,940
  • Edited 8:29pm Sep 4, 2011 7:46pm | Edited 8:29pm
Quoting nando_rich
Are there any way for put it back of the price using the candlevolume?


Regards,
Nando.
Yes, Nando, there is a way, but you might not like it. Use a Heiken-Ashi + Standard Candles indicator. Use the standard candles, and color black both bull and bear candles. If you add the indy to the chart list of indys after the Dragon Band indy, then the candles will be on top of the Dragon. I suggest black for bull and bear candles because the indy will not very well show a bull candle in shades of gray. The SonicR PV Candles indy, added after the HA-Std candles indy, will paint on top of the black candles. See attached picture.

And, there is yet another way, which also you might not like, though it is easier. In chart Properties, change your chart to "bar chart". Now, though the price bars are still on top, they are narrow and the colors of the SonicR PV Candles indy will still show. See second attached picture.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # sept 4, 2011 - 034.gif Size: 30 KB
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