MJ - My Indicators

TUTORIAL: TEMPLATE FOR Alerter: Pmullin86 System

I MADE A BIG MISTAKE

I did not pay enough attention to my initial setup plan and forgot to add the
MA Touch Price Alerter Indi.

This is annoying, but shame on me, I made the mistake so I have to fix it

Basically I fix such stuff in two ways depending on the work to setup it.

1. I add the missing part subwindow and fix the order of the SubWindows in a text editor. If there was a lot of work to set up stuff I consider that.

2. I delete the wrong parts and go from there (this is what I do for our tutorial, I completely delete that MTF-Sto SubWindow like in the pic below and that continue.


If you followed this tutorial - sorry my fault but that's life.


I completely deleted that MTF-Sto SubWindow like in the pic below

Tutorial: Template FOR Alerter: Pmullin86 System

PART 6!!!

1. Let's think what we need for the MA Price Touch alerter.

1. SubWindow: need to use my EmptySubWindow_0.00.ex4 as the aLert does not provid one.

2. We do not want the MA's to be plotted - because we did that already with an other indi

3. There are no MA Price touch Alerter indicator as such: but only specific EMA or SMA price touch Alerter indi.

pmullin86 uses EMA's and want to be alert when the M1 (50) is touched.

so we use: ALopEMATouchPrice_0.00.ex4


1. ADD a NEW EmptySubWindow_0.00.ex4

IMPORTANT: because we have already added one to the chart we need to take more care with the sExtUniquePrefix option.

*** sExtUniquePrefix = 2-EmptySubWindow

( the name is as such unimportant but it must be unique so I generally just increase the prefix number.


*** still the weekend template so: bExtStartDelay = false


IMPORTANT: we are now on the second Subwindow we need to change a couple of things.
*** iSubWindowNum = 2

*** again write something descriptive into the sDisplayTEXT1EVER"

sDisplayTEXT1 = "MA1 Price Touch ALERT"

I also adjust the color and disable the second one
bDisplayTEXT2 = false

Tutorial: Template FOR Alerter: Pmullin86 System

PART 6!!! continuation

1. Now we add the actual alerter.ALopEMATouchPrice_0.00.ex4

bPlotMALine = false ( we said we do not want to plot it as we did that with an other indi in the beginning.)

IMPORTANT: pmullin86 uses EMA's and want to be alert when the M1 (50) is touched.

So we need to set the correct ( you can also check the other options in the docu)

iMAPeriod = 50


For the Alerter setting I do something quite similar as we did for the MA Order: http://www.forexfactory.com/showthre...33#post5083333



2. ALERTER Setting:
I decide on:

1. Alerts for Past data and Live data
2. Alert Only once per chart bar OR if MainMessage changed.
3. PopUp Alert
4. Sound Alert (works only for Live Data - we don't want thousand of thousands Past sound alerts)
5. VLine Alert only in the SECOND SubWindow

Alerts for Past data and Live data: Set
- bPastAlertsOn = true
- bLiveAlertsOn = true

Alert Only once per chart bar OR if MainMessage changed: Set
- iAlertOptionWhen = 0

PopUp Alert: Set
- bPopUpAlert = true

Sound Alert: Set
- bSoundAlert = true

Disable the this two Alerts: Set
- bEmailAlert = false
- bWriteFileAlert = false


VLine Alert only in the First SubWindow: Set
- bVLineAlert = true
- IMPORTANT: iAlertVLineSubWindowNum = 2


The final will look something like that: remember the Medium Turquoise Ema line is the 50


NOTE: the Ma Price Touch Alerter uses only one color: there is no UP, DOWN difference.

Tutorial: Template FOR Alerter: Pmullin86 System

PART 6!!! finished


So I delete again all objects as previously mentioned: see pic
and save a new template.


NOW I will redo my MISTAKE:
MTF-STO SubWindow like before: I want post the steps just see

from post #193 http://www.forexfactory.com/showthre...35#post5083635


only difference is that instead of the 2. SubWindow we do all for the 3. SubWindow.

Tutorial: Template FOR Alerter: Pmullin86 System

Big Mistake Recovered:!!!

Tutorial: Template FOR Alerter: Pmullin86 System

PART 7!!!

So the next is: we need a SubWindow with:

MTF STOk Direction With OverBought/SoldLevel Options ALERT

pmullin86 uses D1, H1 MTF- STO so we want:

1. Don't plot the MTF-STO as we did that in the 3 sub window
2. Alert for 2 MTF-STO

1. We apply the: ALop2STOkUpDnObOs_MTF_0.00.ex4
( this is very new - so I'm not sure if it really will work correctly - well this is one reason I make the tutorial template to be able to check this later)

bPlotSTOkLines = false,


NOTE: pmullin86 wants that the D1 STO consideres OVerBought level as UP and overSold level as DOWN - disregarding in that area the true direction.
iMTFResourceIntervalSTOk1 = 1440; D1
iSTOk1KPeriod = 14;
iSTOk1KSlowing = 3;

dSTOk1LevelOb = 80.0;
dSTOk1LevelOs = 20.0;
bSTOk1DisregardLevelObOs = false;


NOTE: pmullin86 wants that the H1 STO Disregard the OVerBought/OverSold level completely - and the STO is neither UP nor DOWN
iMTFResourceIntervalSTOk2 = 60; H1
iSTOk2KPeriod = 14;
iSTOk2KSlowing = 3;

dSTOk2LevelOb = 80.0;
dSTOk2LevelOs = 20.0;
bSTOk2DisregardLevelObOs = true;


Alerter Setting I use the same as for the other 2 Alerts BUT:

iAlertVLineSubWindowNum = 4

BTW: if you think the H60 MTF-STO (bigger width RED STO in the top below the 80 level.

Goes down where the red Alerts are you are mistaken. I thought the same and checked it in the data Window.

Remember MTF-Indi are often not so easily to spot there direction as they are stretched out over many chart bars: in this case 1 H1 Bar over 12 M5 bars.

But that's the beauty of Alerters ect.. to help identify such slight changes.



Still some stuff to do until we finish this tutorial template for my indicators. maybe I continue later...

Tutorial: Template FOR Alerter: Pmullin86 System

PART 8!!!


The next thing is the SubWindow with the Stochastic Rope.

pmullin86 seems to follow Spud's original (Thread) Rope presentation:
Spuds Stochastic Thread Theory
http://www.forexfactory.com/showthread.php?t=37111 (at least the settings)18 stochastic %K lines from 6 to 24...so 6,7,8,9,10,11,12,13,14,15,16,17,18, 19,20,21,22,23,24 all in one indicator window. (So each stoch is 6,3,3; 7,3,3 and so on)

Colour 6 to 13 thin blue - these are our lower time frame stochastcis and will be called LTFS (Lower Time Frame Stochastics).

Colour 14 thick red - 14 plays an important role and you'll probably see why I switched to 14,3,3 after you see this. This is our Base Stochastic and is called naturally the BS line. So when it let's us done we can say, "That dang BS line messed me up!" with all honesty.

Colour 15-24 are thin red lines and are called HTFS (Higher Time Frame Stochastics)


Also note that Spud: did later on adjust his Rope and presented it with slowing 1 instead of 3. ( I think it was somewhere in the middle of: Spud's Predictive MTF Stochastics http://www.forexfactory.com/showthread.php?t=119483

I think he called it 'Sonic Indicator' or there is a pdf with Rope 2.
http://www.forexfactory.com/showthre...or#post2369508


I personally also like to use a real symmetric Rope (which is not Spud's standard) around a central Sto like the 14,3


Anyway, here we follow as closely as what I understood and saw on pmullin86 nice thread:

1. Which indi are the best to use for this. We need all together 19 Chart Sto in one SubWindow.

we use:

2 times the: op8STOk_0.00.ex4 indicator
and once the: op3STOk_0.00.ex4 indicator

Tutorial: Template FOR Alerter: Pmullin86 System

PART 8!!! continuation

1. Apply first op8STOk_0.00.ex4 indicator

Colour 6 to 13 (slowing 3) thin blue


if you open the Data Window: it's sometimes easier to check if the KPeriods are correctly set.

(PS: I will do later some small adjustments because I dislike all the values on top of the Rope.)

Tutorial: Template FOR Alerter: Pmullin86 System

PART 8!!! continuation

1. Apply the second op8STOk_0.00.ex4 indicator

Colour 15-24 are thin red lines (as we have only 8 we apply 15-22) and the others with the next indi


IMPORTANT: You need to use here the Drag and Drop way of overlaying the indicators.

View>Navigator Expand the Custom Indicators (+ sign)

Drag and Drop the: op8STOk_0.00 on the 5th Subwindow you just had added.

The input tab should open.


2. We need to take car: as we had already 1 op8STOk_0.00.ex4 indicator on this chart we need to change the options:


sExtUniquePrefix = 2-op8STOk (anything unique I generally increment the prefix number)

***Don't forget: we are still working on the Weekend template
bExtStartDelay = false

now change the kperiods to 15-22 and the color to red.

Tutorial: Template FOR Alerter: Pmullin86 System

PART 8!!! finish

1. Apply the op3STOk_0.00.ex4 indicator with drag and drop like we did before.

iSTOk1KPeriod is the red 23,3
2STOkPeriod is the red 24,3

iSTOk3KPeriod: the last we want on top of all the others. the 14,3 and little big thicker line and pmullin86 uses yellow

and the Rope Stochastic SubWindow is ready - I will still adjust some small things later.

Tutorial: Template FOR Alerter: Pmullin86 System

Finishing touch Rope

I do dislike the row on top of the Rope Stochastic SubWindow so much (19 values I never look at)
that I build in an extra option to remove it.

Edit the 3 indicators of the 5th SubWindow one after the other.

Charts>Indicators List
and set for the 3 indicator of SubWindow 5:
bExShowIndicatorInfo = false


Note how clean it looks

There is a cost with it: that you do not see them anymore in the Data Window and also when you click a STO line there is no info.


I still highly recommend it to remove the values. I did a lot of screen starring and it really helps especially as we use thin lines for the main rope.

Tutorial: Template FOR Alerter: Pmullin86 System

Save changes to template !!!

Again like before: Delete ALL Objects and save the template.


What do we still need: our plan picture

Tutorial: Template FOR Alerter: Pmullin86 System

PART 9!!!


Chart STOk Level Alerter in a SubWindow.

1. We use the: ALopSTOkEntryLevelCHK_0.00.ex4 indicator

pmullin86 uses for that the STOk 14,3 ( we have added it twice alread) already:

MTF-STO Subwindow: the Tomato colored thin line

and in the Rope Stochastic SubWindow the Yellow thiker line

So we do not want it to be plotted again.

pmullin86 wants to be Alerter:
- for UP (buy)Direction the 14,3 Chart Sto should be still BELOW or at 50 (to rid it up with the rope)
- for DOWN (sell)Direction the 14,3 Chart Sto should be still ABOVE or at 50 (to rid it up with the rope)


pmullin86

Just to let you know I'm now changing the indi a bit:

There was a small discrepancy as we allowed the condition to be for UP: below or at the value: and for DOWN above or at the value.

The problem arises if you set both to 50: than it would be true for UP and DOWN. did not think about that before so good I do this tutorial template.

So the new condition is as stated below (removed the AT option):
- for UP (buy)Direction the 14,3 Chart Sto should be still BELOW 50 (to rid it up with the rope)
- for DOWN (sell)Direction the 14,3 Chart Sto should be still ABOVE 50 (to rid it up with the rope)

But you can get very close something like.

49.99999999
50.00000001

I guess that should work

Tutorial: Template FOR Alerter: Pmullin86 System

PART 9!!!


So I had to change the indicator.

1. Anyway: ready to apply it now: ALopSTOkEntryLevelCHK_0.00.ex4
bPlotSTOkLine = false
iSTOkKPeriod = 14;
iSTOkKSlowing = 3;

dSTOkUPMaxLevel = 50.0
dSTOkDOWNMinLevel = 50.0

2. ALERTER setting I do the same as all the others only the

iAlertVLineSubWindowNum = 6



DELETE all Objectsw as discussed Post: #204 http://www.forexfactory.com/showthread.php?p=5084459#post5084459

and save a new TEMPLATE.


see pic below.

Tutorial: Template FOR Alerter: Pmullin86 System

HINT SO FAR:

1.
We have applied all the stuff except the combined Alerter

Which means we should be able to manually check if the single Alerter work correctly and also ficure out quite easily where the combine Alerter should set the Final Alerts.

this would be already enough for nice trading - but not for Alerts: especially: sound Alerts: using do many single Alerter your sound bell will probably ring most of the time.

So Later on we will disable all the alerts except the Vline Alerts.

(you could do that already) and leave only be the combined Alerter the Sound, PopUp, email and maybe additional Vline Alerts.


2. We could improve the resource usage when we plot the MA lines from within the MA Order Alerter or the Combined Alerter.

For the STO we could also blot the STO in the Alerter SubWindows - but I still think it is better to be viewed when they are separated.


Probably I will plot the MTF STO sub window in the Alerter Window and use for it's alerts a Separate EmptySubWindow.
In this way the MA's and MTF STO do not have to be calculated so often for not much purpose which only uses resources.


I might show that in a small advanced tutorial.


I still have to change the combined Alerter (what I mentioned above by the STOkEntryLevelCheck.

So I will continues later.


I will post the used indies and the last template for a short time if anyone is interested.

Note because of so many Vlines it slows down at my PC when I scroll.
(I also use linux which might be partially the reason - don't know)

Anyway - this can be all tweaked - but it's not intended for this first tutorial.

No combined Alerter at the moment.

UPLOADED first post: TUTORIAL TEMPLATE FOR Alerter Pmullin86 System.zip


NOTE: M5 chart and you might still get a number of errors like related not having enough data -- there is no docu at the moment - I do that all when I upload all the fixed indicators.

BTW: in the combine alerter the: Ma touch Price will paint one bar later ( it is explained in the combined Alerter) there are some technical reason for it.


I also believe going through the single alerter will help people like Pmullin86 to rethink some of the rules - which is good and hopefully improves the overall trading experience/return.

But first of all it would be most important if some people interested check each Single alerter manually if it does what it is supposed to do

There is no tricky closed candle or what ever to be considered: it is all based on open bar values.

NOTE: for live action - the Vline alerter has a couple of tricky situation I explain in the docu later - especially with MTF- Alerts.


HAPPY EXPERIMENTING

MJ

I had just some interesting thing.

the slowing down does not occur when I make the Terminal smaller( hight of it)

To have the Terminal open over my 27" TFT monitor and only make the chart smaller still slows the scrolling down.

Funny stuff - not sure why but I thought I put it somewhere I might later read again

To finish a nice: Entry which the combined alerter should also report:

good R:R if one sets the SL at the last Low.

NOTE of purpose explanation:

1.
the purpose of this Alerters is not so much to give a perfect Entry Signal!!!

2.
but to Alert when a interesting situation arises and that then the trader manually checks and decides what to do.

3.
Basically: that one does not have to watch the screen all the time but still trades manual - this are NOT signals as such but interesting situation Alerts.

I thought I just should note it

for anyone who thinks this works 'out of the box'.

But who knows if things work out nicely maybe I will make one day an EA...


for more info check out: pmullin86 thread:
http://www.forexfactory.com/showthread.php?t=283291