MJ - MasterALERT - (System)s)

Hi,
________only .ex4 versions

I opened this to share/work on a new MasterALERT (System)s).


MasterALERT - (Multi Purpose, Multi Time Frame, Combined ALERTER)

- Is an ALERT INDICATOR using many SubAlert conditions to produce the final Alert of a traders preferred indicator chart patterns.
- It is split into SubSections e.g. MA, MTF-MA STocatic, MTF-Stochastic, MACD, MTF-MACD, FRACTALS Kind Search Pattern, DPP Daily Price Projection ect.. ect..
- Each SubSection has one or more SubAlert condition which one can enable

NOTE: This is an 'Only' ALERT indicator: no MA, Stochastic etc. etc. Lines, no Histogram or Fractals etc.. will be plotted, neither will it create any SubWindow.
If a SubWindow is needed use my EmptySubWindow Indicator.

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Main intention:
for traders who DO NOT WANT / CAN watch the screen all the time.

** Personally, I'm planning to move to a Time Zone which is not so suitable for forex (especially the London session).
** For others it might be a day job,
** or just relaxing in a sauna

Many traders in such and similar situation still want to know when their preferred chart situation occurs.

1.
That's hopefully the place where the MasterALERT will come in handy.


Secondary intention:
Many traders use indicators on the chart to look for preferred pattern
(trade setup, signal or what one likes to call it) in the hope that future outcomes will be similar when such patterns are traded.

1.
The MasterALERT will hopefully be useful to identify such preferred pattern for the trading system(s).

2.
The MasterALERT will hopefully be useful in defining/ creating (new systems based on such preferred chart indicator pattern.)

3.
Hopefully people will share their system(s) and how the MasterALERT is used, templates and live trades.
(no one needs to disclose all secrets though)

Maybe such traders will create their own threads, journals whatever where such systems which use the MasterALERT will be further discussed and explained.

4.
I would appreciate at least, that if one uses the MasterALERT on a regular basis that such traders would just shortly post a reply here.

Of course it would be great if you can do Point 3 above too.
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At the moment the best place to look for some general info of how I do my indicators ect...

MJ - My Indicators
http://www.forexfactory.com/showthread.php?t=285687






========== SUGGESTION ==========


IN CONSIDERATION:


===MJ:
* SubALERT:MA Cross (also multiple MAs)based on MaOrder recognition.
I decided to implement something like that.

* SubALERT: MA MindDistance: 2 MA min distance between them
(maybe useful to avoid too many alerts for systems wich use MAOrder and BarInMaZone together -- problem when a new MAOrder forms the bar usually also touches the MAZone)
NEW

* SubALERT: MA Advanced MaOrder: some addition for the MA Order to solve some other problems
(maybe useful to avoid too many alerts for systems wich use MAOrder and BarInMaZone together -- problem when a new MAOrder forms the bar usually also touches the MAZone)
Option: which requires a certain number of chart bars to have already a MAOrder before being considered as 'true MAOrder'
e.g. I used something a bit similar in my trend dash board.
NEW

* SubALERT: TimePeriod VERSION based on Bar's time: maybe a other version which also can consider past data based on Bar's time
NEW


* look into using MTF Intervals lower than the chart interval
RE-Opened it



===pmullin86:
* PIVOT SECTION:
I decided to implement something like that.

* SubALERT: Price(Chart bar) touches pivot
or related s/r lines (the pivot r1,r2,r3 and s1,s2,s3) http://www.forexfactory.com/showthre...89#post5098589
I decided to implement something like that. (not yet exactly sure which of the many pivot to use)

* MTF-MA Section (ideas for SubALERTs not yet defined)(this is different than what I had in mind: I planned mainly a MTFSame MA Section (meaning all MA using the same MTF interval in such section)
I decided to implement something like that.











DECIDED AGAINST SUGGESTION:
(I decided against them for one or the other reason - sometimes just no personal interest at the moment - that does not say that maybe in the future I won't implement such)

===MJ:



===pmullin86:
* Fibonacci SECTION
I decided against it. (at least for the time being)



ALREADY IMPLEMENTED SUGGESTION:

===MJ:
* Option for user to Enter a defining Part of the Alert Main Message (this might be nice as the user can define for different systems (or variations) different Main Message parts.)

* SubALERT: TimePeriodOne
This is based on Local Computer Time and only works with Live Data (Past Data are just skipped as if it would not be activated at all)
Need testing
















========== END SUGGESTION ==========









NEW MasterALERT INDICATOR VERSIONS ----------------------------------------------------------------------------

This is work in progress - so things might/will change from one version to another. (and at times break)


UPLOADEDs

** V. MasterALERT_20111105.zip PreView
(incl small documentation and templates for 5Min Intraday System: http://www.forexfactory.com/showthread.php?t=11854)(template how to: http://www.forexfactory.com/showthre...50#post5105050) ----------------------------------------------------------------------------

At presence (time of this post) state of the Alert Option:


In my first post I have split the purpose in somewhat two section:

Even though they will very often overlap I will explain a bit more about the presently available Alert Option.


Main intention:
for traders who DO NOT WANT / CAN watch the screen all the time.

This is: Active Trading (Demo or Real Cash account)

To help in active trading the MasterALERT would most of the time be configured to use at the moment this types of alerts:

 

1. bSoundAlert
2. bEmailAlert
3. bPopUpAlert (may or may not be considered useful for someone who does not always watch the trading charts e.g. if one does otherwise a lot of Computer work but still likes to have a silent Alert: day job maybe...)

1. bVLineAlert (For visualisation VLineAlert over the whole chart or in only a SubWindow.)

Secondary intention:
Many traders use indicators on the chart to look for preferred pattern (mostly for creating new, adjusting existing indicator based trading systems.)

This is: Mostly none Active Trading action

To help in creating new, adjusting existing indicator based trading systems
the MasterALERT would most of the time be configured to use at the moment this types of alerts:

 

1. bVLineAlert (For visualisation VLineAlert over the whole chart or in only a SubWindow. Very often one would use for such purpose also other single Alerters upon which the MasterAlerter is build)
2. bWriteFileAlert (Writes the Alerts to file: to be opened in a text editor or something like excel. This can be quite useful for certain occasion like making statistics - ect.... - Also where as VLines are at times a bit limited: only One VLine can be seen for one chart bar - the WriteFileAlert can keep track of active changing Alerts within the Chart bars time span.)

I guess many traders are like me and look at Historical charts (Past Data) for interesting indicator pattern and try to trade such in the future.

I find the VLineAlert to be extremely useful especially if one mixes a number of them together.

Past data should be in general 'stable- none changing' so the limit of displaying just 1 VLine per Chart bar is not really of too much importance.


bWriteFileAlert: is also quite useful to have all such happening written out.

Can also be easily used to check manually the outcome and such be added to the excel etc....

An interesting thing might also using the bWriteFileAlert for Past Data with a given time span. dtExtPastStartTIME, dtExtPastEndChartTIME

As such one should (if all works out correctly see easily how many Alerts were within a defined week, month, year...

For new system development based on Alerter pattern this can be quite an important additional info.



Other Notes:

bPastAlertsOn and bLiveAlertsOn as I usually calculate my indicators in two separate functions: Past data and Live Data.

A other reason is that for instance for an ACTIVE Alert Trader - one wants bSoundAlert or bEmailAlert on but does not want to get thousands of emails for all the Past alert of the last 3 years.

Anyway, there are a number of small feature which I found quite good and me and some others have also found at times useful.

PLANED FIRST PART: of the MasterALERT - (System)s):

I have already a lot of the stuff ready: see http://www.forexfactory.com/showthread.php?t=285687

and so I hope this will be going well.


FIRST PART: MA and Multi Timeframe MTF-MA Alert Section

As there are many existing systems using already some MA indicator setup/patter my first section of the MasterALERT will be based on some of such needs.

IMPORTANT: Most (probably ALL but I might add one or two others) of my MA and MTF-MA stuff will be using my open Bar Value based indicators. see the link above and some of the reason for MTF why I try to use them

Note also that most of them will only allow to be EMA or SMA and not all the other MA types.

(this is mainly my interest and need - if someone feels there is a real winning system which such MasterALERT would be helpful but needs desperately some other MA types - let's discuss it - but I do not make any promises to include such)

* winning system should in such case exist and some past trades statistic, as well as live trades presented...

* or of course if someone can present such idea convincingly that I get interested


Anyway, basically I do this for myself, but consider input (as I have done in the past) if something gets my interest or is a good idea without extreme additional work if I personally don't use it.)

Because I want to do it any way, I feel even my personal preferences might leave enough room so that the MasterALERT will still be useful for others.

FIRST PART: MA and Multi Timeframe MTF-MA Alert Section

- Alert option I plan at the moment.

- MA stack in order:
e.g. ALERT
UP: MA1 higher than MA2.....
DOWN: MA1 lower than MA2.....

so many systems use something like that in different forms that I find it a very helpful Alert. Not yet sure how many MA to use as the max number.

I'm not planning at the moment to support a whole MA rainbow but maybe 5 or up to 8 MAs



- MA direction:
couple of MA: all pointing into the same direction - triggers Alert


- Chart Bar touch MA Zone:
Many traders like to be notified when the Price touches a MA.

I prefer to call it Chart bar as I feel that is more consistent with how I perceive Past Data on a chart.

Instead of a single MA this uses a MA Zone between two of them: Single ma can be simulated by setting both MA to the same values.


- Similar stuff for the MTF-MA


Actually the greatest fun starts by not only using a single Alert within the MasterALERT - but by combining such to produce one final Alert for a preferred chart situation.


Probably some other stuff will come to.



Note at the moment I do not want to include Conditions which must be remembered or followed in a particular order ( I did such things a lot in the past).

e.g. MA1 must cross MA2 AFTER that we need such and such to produce a final Alert.


Of course the MA cross would work alone (but than better to sue a single Alerter) or if it must happen together with other combined conditions - that's perfectly fine and I might add it - just have no personal need for it.It would be also fine if one says it must happen within the previous 5 chart bars.

Basically I want to go to the chart: take any bar and check: should I produce an Alert - without keeping track of pre-required condition

Might do that later but not now.

Other already Planned stuff:

- Stochastic MTF-Stochastic section with all kinds of Alert option.
- MACD a. MTF-MACD section with all kinds of Alert option.
- DPP (Daily Price Projection) section (kind of ATR)

- Pattern search section based on FRACTALS idea.
- maybe some ZZ (ZigZag) related stuff

Started with some small parts of the MasterALERT.

Probably the First Section will take a bit longer as I need to code some helper stuff which will be commonly used. (get the infrastructure for it

It is also a bit more work as I can not just use my other indicator stuff (which are shared among most of my indicators).

MasterALERT will be slightly different so I have to re-do quite a bit.


Anyway, the start is done....

I hope to build it in kind of modules: so that I can post it when the first running bit is up...

And than fix errors and add new functionalities as I have time ...


The first part (First Test MasterALERT Upload):
will be probably quite simple

but should be already useful for traders who use MA based systems like for instance:

* 5Min Intraday System
http://www.forexfactory.com/showthread.php?t=11854

* 5-min PASS (Price Action Scalper System)
http://www.forexfactory.com/showthread.php?t=280881

or MA combined systems like for instance:

* On My Way To The Top
http://www.forexfactory.com/showthread.php?t=283291


NOTE: for such existing systems: if you want to use the MasterALERT it might work out of the box: BUT it might be also advice able to make small adjustments to such systems to use the MasterALERT most effectively.

Because the MA use are on purpose bar open value based MAs. Not everyone might like to adjust an existing system to such.

Anyway, when it's uploaded just play around with it..

NAME: just to avoid misunderstandings: the name: MasterALERT

does not mean it is so cool or a so great or coded by an Master programmer: (even though I hope it will develop in something at least useful


but the name MasterALERT comes from the functionality it has:

There are many SubALERT conditions (which I hope to also make useful in their own rights http://www.forexfactory.com/showthre...06#post5092306)

And the final combined Alert I call MasterALERT (based on many SubALERTS)

added to first post: Suggestion of pmullin86 for consideration.

just some thoughts for me: (might change later).

Plan MasterALERET configuration:

1. think - what do I want to achieve

2. Enable the Main Alert option: ALL ALERT SETTING

3. Configure MasterALERT SETTINGS

4. Enable a needed SECTION: e.g. MA SECTION

 

1. enable needed SubALERT of that SECTION
   1. Configure such SubALERTs

2. enable the needed Resources to be calculated for all configured SubALERTs of that SECTION

Do similar for all needed SECTIONS


Plenty of other stuff like the Common input options etc...


REMEMBER: at least one SubALERT must be enabled: this is a pure (Only) ALERT indicator and does not plot any Ma or whatever ... ONLY Alert..
- but using only 1 SubALERT is also not the main purpose of the indi 'the real fun' is the combined MasterALERT.


ALSO REMEMBER: only activating a SubALERT without enabling the whole SECTION has not effect - reason why the whole SECTION enabler exist: e.g. bActivateMASection = true;

I'm very satisfied with my progress today. Nothing yet ready to upload but still a good days work.

The first Part of the MA Section is coming along nicely:
This is the simpler normal Chart Interval MA Section:

** For a start I settled with 6 opMA (open bar value based MAs) If needed I might add later more.

-- SubALERT:
I start for test purpose with two:

MAOrder: all included MAs stack in order
BarInMaZone: Price(ChartBar) in (touches) the Ma Zone between two MA's

That will be all and enough to test general code infrastructure.


And After that there will be another bigger hurl: doing the MTF MA section

I have to do quite a lot different than in my other indi. I had not expected it.
But I guess that's the cost of making it more flexible.

Anyway, slowly progressing..

MasterALERT is slowly coming:

first most simple pic:

1.
SubALERT MAOrder ( I included just 2 for this)
Uses the new idea I had that each SubALERT if enabled can produce LIMITED own Alerts:

- NOTE: SubALERT have limited settings:
- always and only make use of VLine Alerts.
- iAlertOptionWhen: always 0=Alert Only once per chart bar OR if MainMessage changed.

2. MasterALERT (uses for this simple example as combined input just the one SubALERT)

but the iAlertOptionWhen: set to: 1=Alert Only IF the MainMessage changed

Yesterday I still could do some testing with live data and using my other existing Alerter for comparison. http://www.forexfactory.com/showthread.php?t=285687

It looks at a first glance quite good and ok.


Guess I will implement now the second MA SubALERT: BarInMaZone (Price touches MAZone).
this should be fairly fast done.

SubALERT: BarInMaZone implemented.

For the Past data it seems to work correctly - need after the weekend to check the live data.



* IMPORTANT NOTE: BarInMaZone is a bit of a special situation: Because of my usual SHIFT of the open value based MA calculation it works a bit different: Best is you apply some of my other Ma indicator and watch live bars how this works.

- IMPORTANT: for the MasterALERT (Combined Alert) if one uses VLines one has to make some compromises so that it makes sense.
- I decided that I plot the BarInMaZone Vline Alerts at the correct time but one bar into the future (or after) the Bar touched the MA Zone.
- if you use also SubALERT VLines there is an option to SHIFT the plot back to the correct touching bar.
- Note all this has nothing to do when a BarInMaZone SubALERT happens - it's only a question where to plot a VLine alert


Option: bBarInMaZone_VLineMovePlot:
BarInMaZone (see bBarInMaZone_VAlert): if TRUE: it will the SubALERTs VLine Alerts one Bar earlier: (the bar where on the chart it touches the MAZone).
- IMPORTANT: don't get confused that the MasterALERT will always consider it one bar later(in the future) - this is just a helper option to fast see if it works correctly.


PIC 1: using for the SubALERT (subWindow 1) bBarInMaZone_VLineMovePlot (plots the alert where one would see it happen on the chart)same as my single old alert.
MasterAlert uses always BarInMaZone 1 Chart bar in the future (but in live situation it happens at the correct time)

PIC 2: normal standard plot SubALERT and MasterALERT use shift one into the future (this is done so that one can make a vertical lines over all at a chart bar and see if all SubALERT produce a new MasterALERT.

FINISHED this Part ( but no live data so there might be still some issues to look at later)

What About 'REAL' helpful stuff!

With even the simple present parts of the MasterALERT it can be already used to make for some systems a useful trader tool.

To demonstrate this I will do a template for one system:

1.
Let's assume I'm living in a time zone which is not so suitable to trade the main forex sessions (e.g. London session) but still want to wake up for preferred chart situations.

2.
Let's assume I like the M5 based Ma system of Phillip Nel.

5Min Intraday System: http://www.forexfactory.com/showthread.php?t=11854

3.
pic below from the threads first post.

Based on the system and what is available at current in the MasterALERT my preferred chart situation is:

1. EMA10,21 and SMA50 are correctly stack
2. Price must touch MAZone between EMA10 and EMA 21

if that happens I want to wake up (Sound Alert, Email Alert) and manually check if the other conditions like candle formations etc.. are good for a new trade.

There are a couple of considerations one must do before hand:

1.
orig: 5Min Intraday System uses Ma Applied to Close price
The MasterALERT MA-SECTION uses only my own calculated MA based on open bar value.

(who knows maybe I add one time some standard MA but no intention at the moment)

Possible Solution:
1.
use instead of the normal MA Closed simple the MA Open (it's not the big world difference in most cases)

2.
or try to adjust the MA periods of the MA open slightly to even closer fit the original MA Closed ones.


2.
Consider what we want and where are the negative hindrances to the best solution

with the present two SubALERTs there is mainly one 'hindrance' to the best solution:

- problem when a new MAOrder forms the Bar usually also touches the MAZone: but for the 5Min Intraday System we do not want to be woken up at that point - just later when there is a nice retracement.

Possible Solution:
At present one has to settle for a good and helpful solution: but the 'best' as defined above is not possible .

(I plan maybe to add later an new SubALERT which might be used for such:
couple of ideas
* SubALERT which requires a certain amount of pips between 2 MAs or even more
* SubALERT which requires a certain number of chart bars to have already a MAOrder before being considered as 'true MAOrder'
e.g. I used something a bit similar in my trend dash board.
* probably some other ways two

so that the template will be a bit useful for me in check the indi next week I settled on such screen layout.

1.
Probably a trader using it finally will only use the MasterALERT SubWindow

2.
for initial test purpose of a new system (or also for some extra info) a trader might want to plot also the individual SubALERTs.
(I do - to see if they work correctly and also be able to check if the MasterALERT is produced correctly)

3.
I added two similar old single alerter (which normally a trader would not do at all.

I just added them to more easily check if all works correctly.



NOTE: For the initial empty SubWindows I use my:
EmptySubWindow_0.00.ex4 indicator http://www.forexfactory.com/showthread.php?t=285687


To add them you can refer to my Tutorial Template at: http://www.forexfactory.com/showthre...33#post5082733

I added now the old alert indicators (which you would normally not do).

Note: the Data Window can be quite useful so you see if you set the correct MA etc...


NOW we are ready to do the real config of the MasterALERT.

1.
READ the helpfile docu (if there is one)

2.
Apply the MasterALERT indi
(note if you read this weeks, months later it might have evolved and this setups might still wqork - bt maybe also not)


3.
_____________0_____________ = "<<< COMMON SETTINGS >>>";

for all the option read the docu

Only thing I mention is: at the moment (Weekend no tlive ticks) I do a weekend template so I set the

bExtStartDelay = false;


4.
_____________1_____________ = "<<< ALL ALERT SETTINGS >>>"

bPastAlertsOn = true;
bLiveAlertsOn = true;

I want to see also past alerts: but if you have a tested system and have already tested your MasterALERT to work correctly you might want to switch on only the bLiveAlertsOn

(I guess it speeds it up a bit not having hundreds of thousands of Vline Objects around)

Other settings just check out yourself.


5.
_____________2_____________ = "<<< MasterALERT SETTINGS >>>"
Read Docu

sMasterMainAlertText = "5MinIntradaySystemTesting" set it to anything (maybe not too long) you like as main part of your MasterALERT text: email etc.. to discribe your MasterALERT system.


iMasterAlertOptionWhen = 0 (I set that to 0 so I can check it
- if I would use it to wake me up in the night I would probably set it to 1 and after I was woken up the first time - reset the indi (restart terminal, switch back/forth chart period etc..)
(But 0,1 or 2 make quite a bit of difference)


Than there are the different Alert options: the (for real trading probably you want
- bMasterEmailAlert,
- bMasterSoundAlert
-maybe at the Office bMasterPopUpAlert

for my purpose I only switch on
bMasterVLineAlert = true


The other things are just how VLine MasterALERTs are plotted.

still One VERY IMPORTANT option:
iMasterAlertVLineSubWindow = 1

(I decided to plot it in the first SubWindow: probably for real trading I would plot the MasterALERT Vline on Window 0 (The whole chart using a quite thin VLine width)

Now we have the overall Alert option set (only fore the MasterALERT itself - for SubALERTs there are additional options)

Continue now with the MA-SECTION.


6.
_____________3_____________ = "<<< MA SECTION >>>";

Very important: the main switch: without it no MA-SECTIOn configuration will be applied: useful if you want to disable a whole SECTIOn but don't want to deactivate each sub setting.

bActivateMASection = true


Next we come to the SECTIONS implemented SubALERTS:


7.
__MASubALERTS__ = "*** MA SubALERTS ***"


FIRST implemented SubALERT part:
____SubALERT_1____ = "== MA ORDER =="


Each SubALERT must be enabled: this works similar as above with the SECTIONs - if disabled the SubALERTs settings are disregarded as a whole.
bActivate_MaOrder = true;

NEXT is an IMPORTANT SWITCH:
bMaOrder_MasterALERT = true

this says that any produced SubALERTs for MAOrder will be also considered in the overall combined MasterALERT.

(Tip: if you disable it one can still plot the SubALERT VLines separately without including it in the MasterALERT's consideration (not the usual way to use the indi but an additional functionality)

bMaOrder_VAlert = true;
This switch says that we want additionally(or only depending on the above setting) also plot the own SubALERT Vlines

Color stuff I skip

IMPORTANT: where to plot the separate SubALERT Vlines.
iMaOrderVLineSubWindow = 2


__MaOrderIncludeMAs__ = ".. MA ORDER INCLUDE .."

This is something which my old Alert indi did on purpose not have: here you can select which and how many of the available MA should be considered in the MAOrder SubALERT calculation.
We need 3:

bMaOrder_InclMA1 = true;
bMaOrder_InclMA2 = true;
bMaOrder_InclMA3 = true;
bMaOrder_InclMA4 = false;
bMaOrder_InclMA5 = false;
bMaOrder_InclMA6 = false;


Important note: for more complex setups you might not always can want to include them in exact order that's fine e.g.

bMaOrder_InclMA1 = false;
bMaOrder_InclMA2 = true;
bMaOrder_InclMA3 = false;
bMaOrder_InclMA4 = false;
bMaOrder_InclMA5 = true;
bMaOrder_InclMA6 = true;

Should also work.

For UPMA Order: always the first enabled InclMA is the one which must be higher than the second enabled InclMA and so on..


So that should finish the MAOrder SubALERT part