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123PatternsV6 revisited

  • #201
  • Dec 11, 2011 6:05pm Dec 11, 2011 6:05pm
Quoting evilmeatball
robdee that v7 looks very promising. is it too much to ask of the new v7 version to have a automatically calculating line of set % for my entry? i am thinking a box where you input how much pullback in % and then v7 draws a line at that point, calling it meatball or w/e.. could be useful for other people also, one might want to enter on a 20% pullback and another trader maybe likes 40% or so. understand me? ideas?? all the best so far ! :-)
Hi emb, sure no problem, I am very busy this week with mid-semester exams. Later in the week I will be working on it. Something like 23RetraceLine=0.50 is what I' thinking. Robdee
  • #202
  • Edited 6:32pm Dec 11, 2011 6:18pm | Edited 6:32pm
Traders may like to do some V7 beta testing?

I am very busy this week so I will just post this and then carry on with my other work for a few days.

New ideas...

 

  1. V7 focuses on aggressive entries, it does not wait for the break.
  2. Filters are used to avoid too much chaos
  3. CCIFilter prevents buy entries when CCI grossly overbought (smoothed cci > 125)
  4. CCIFilter prevents sell entries when CCI grossly oversold (smoothed cci < -125)
  5. VolFilter prevents all entries when volume is below average.
  6. Below average volume is defined as MA12(fast) < MA144(slow).

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-2011-12-09-m5-v7beta.gif Size: 17 KB



See the attached template v7betatest.tpl that shows how the default filters are configured.
This allows you to visualise the filtering process.

Note: Alarms and a trading EA are planned but not yet built.

Robdee
Attached File(s)
File Type: mq4 123PatternsV7.mq4   9 KB | 2,509 downloads
File Type: tpl v7betatest.tpl   2 KB | 1,653 downloads
  • #203
  • Dec 11, 2011 8:13pm Dec 11, 2011 8:13pm
We can see here you use ZigZagDepth=1, did you change this from 12 or it will remain 12?
Thank you in advance.


Quoting robdee
Traders may like to do some V7 beta testing?

I am very busy this week so I will just post this and then carry on with my other work for a few days.

New ideas...
[list][*]V7 focuses on aggressive entries, it does not wait for the break.[*]Filters are used to avoid too much chaos[*]CCIFilter prevents buy entries when CCI grossly overbought (smoothed cci > 125)[*] CCIFilter prevents sell entries when CCI grossly oversold (smoothed cci < -125)[*] VolFilter prevents all entries when volume is below average.[*]Below average...
  • #204
  • Dec 11, 2011 10:14pm Dec 11, 2011 10:14pm
Congratulations:

I think this is the most interesting thread on FF at this time. Very practical approach to problem solving; with some good, sharp, minds on the task.

My request:

I would love to hear a distinct alert sound for a buy and a different sound for a sell. When all alerts sound the same, it is a tad frustrating.

I use Chin bars to alert me to breakouts and I just recently figured out how to have a bullish sound or a bearish sound alert from the same indicator. Given my level of ability with programming, that is probably not too complex for the wizards here. If it is a new thought, I can show anyone how to do it.

Different alert sounds would be a nice feature to add to the 123 indicator. I have found that this enhancement in Chin Bars is quite beneficial.

On another tack:

Personally, I find Zig Zag indicators a bit hit or miss and I prefer to do my own higher-high, higher-low plots (and vice verse) based on fractals. I know that is probably a whole new slant on this as zigzag is the core, but maybe keep it on the back burner.

Great work in progress here.
  • #205
  • Dec 11, 2011 10:16pm Dec 11, 2011 10:16pm
Quoting newnew
We can see here you use ZigZagDepth=1, did you change this from 12 or it will remain 12?
Thank you in advance.
He's busy and I know for a fact Rob changed it. The bigger 12 missed many 1 2 3's.
  • #206
  • Dec 11, 2011 10:22pm Dec 11, 2011 10:22pm
Quoting Wab
Personally, I find Zig Zag indicators a bit hit or miss and I prefer to do my own higher-high, higher-low plots (and vice verse) based on fractals. I know that is probably a whole new slant on this as zigzag is the core, but maybe keep it on the back burner.
There isn't an indi that will get everything the way your eye will. Over the last few weeks the 123PatternV6 has shown itself to be quite amazing. Just looking over last weeks trades shows the ability it has. Thats the point, how many solid trades can we get.

You might want to compare your fractals to the 123PatternV6 and V7 (NOT the zig zag 12 setting) and if the proof is there I'm sure Rob will consider it.
  • #207
  • Dec 11, 2011 10:43pm Dec 11, 2011 10:43pm
I totally agree that we should be able to know when the indicator is not doing the job correctly. Counting 123, or higher-highs, higher-lows etc. is something we can learn to do well on our own. A good indicator can help us with that, especially with the learning curve.

I like what is developing here and have no desire to hijack it in any way. I use123 and also use the fractals idea and I like both. Often they are one and the same.

Having said that, I have attached a reasonably good fractal zigzag that may or may not prove useful. It attempts to meld zigzag with fractals and seems to do a reasonable job. I only post it here as it may help with this project.
Attached File(s)
File Type: mq4 ZigZagOnFractals.mq4   4 KB | 1,231 downloads
  • #208
  • Dec 12, 2011 12:27am Dec 12, 2011 12:27am
Quoting robdee
Traders may like to do some V7 beta testing?

I am very busy this week so I will just post this and then carry on with my other work for a few days.

New ideas...
[list][*]V7 focuses on aggressive entries, it does not wait for the break.[*]Filters are used to avoid too much chaos[*]CCIFilter prevents buy entries when CCI grossly overbought (smoothed cci > 125)[*]CCIFilter prevents sell entries when CCI grossly oversold (smoothed cci < -125)[*]VolFilter prevents all entries when volume is below average.[*]Below average...
Keep up the good work my friend, you most certainly are onto a good indicator here, I've attached it to my Range Bar chart and I'm liking the way it looks. It's very similar to what I look at when I'm looking at H/L, L/H price patterns.

If I was to use something like this I would be looking at using it for trend continuation entries, and less for counter trend set ups.

However saying that I can certainly see potential for reversal patterns.

Just take a quick look at this chart, don't pay too much attention to the other indicators on the chart, these are for my trading setups.

I've circled areas on the chart according to your signals that would tell me that there's a possible change in trend coming.

This would be indicated by a L/H or H/L, count the 1.2. H/L L/H circles and you can see what I mean.

Also you can see what would be the continuation signals.

Very well done my friend.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 10R.jpg Size: 139 KB
  • #209
  • Dec 12, 2011 12:35am Dec 12, 2011 12:35am
Another example of what I'm talking about, you can clearly see the areas on the chart where a change of price direction is indicated.

Giving early possible signals. Obviously you will get false signals however, after a fake reversal signal a trend continuation is the next signal.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 10R1.jpg Size: 137 KB
  • #210
  • Dec 12, 2011 12:39am Dec 12, 2011 12:39am
I think you get the idea, there's certainly many uses for such patterns.
Attached Image (click to enlarge)
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  • #211
  • Dec 12, 2011 1:11am Dec 12, 2011 1:11am
Just the way I would do it...
Attached Image (click to enlarge)
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  • #212
  • Dec 12, 2011 1:45am Dec 12, 2011 1:45am
xx50 to xx00 level.. typical price action movement...

You can see the first L/H as indicated, this is the ideal scenario for an entry.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 10R4.jpg Size: 95 KB
  • #213
  • Dec 12, 2011 2:19am Dec 12, 2011 2:19am
After restarting the platform... appears to be some repainting issues... this is not good.. maybe someone could please explain this to me?
Attached Image(s) (click to enlarge)
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  • #214
  • Dec 12, 2011 2:33am Dec 12, 2011 2:33am
EU stopped out +5 AU manually closed +30
Attached Image(s) (click to enlarge)
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  • #215
  • Dec 12, 2011 3:01am Dec 12, 2011 3:01am
Quoting Vantage
He's busy and I know for a fact Rob changed it. The bigger 12 missed many 1 2 3's.
Thank you very much for your answer.
  • #216
  • Dec 12, 2011 3:10am Dec 12, 2011 3:10am
Just trying on demo today V7.

Will not enter if signal candle body is bigger than 25pips.
Trading time GMT 0700 to GMT 1600.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-12-12_1702.png Size: 81 KB
Pivot Boss in the making~
  • #217
  • Dec 12, 2011 3:12am Dec 12, 2011 3:12am
Nice thread, robdee : well done (thanks for the heads up, Mr V).

I like 123 setups and my personal trading "search for the Holy Grail" has for a long time been how to enter on a reject of the 3 point. This morning's first trade is a reasonable example (6E = EU futures / 5 tick range bars / CET chart time) : I hope it's self-explanatory.

First Monday morning trade is potentially tricky, especially when the market has been trending quite strongly overnight (I start at 0900). I sold a reject of the volatility stop : entry 1 tick below the close of the bar. First contract hit t1 @ +13, c2 back to b/e +1.

PS. Sorry not showing thread indicators ... but my point is about the pattern, not about indicators (& my platform is NinjaTrader)
Attached Image (click to enlarge)
Click to Enlarge Name: 123.jpg Size: 55 KB
  • #218
  • Dec 12, 2011 3:43am Dec 12, 2011 3:43am
+32 pips on my short using my strategy

2 x risk on the trade

Putting your indicator on the chart I use you can see how it compared entry basically the same spot.
Attached Image(s) (click to enlarge)
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  • #219
  • Dec 12, 2011 3:54am Dec 12, 2011 3:54am
Again more repainting issues with the (3) symbol on the chart... must be a reason for this... will make visual backtesting virtually useless.
Attached Image (click to enlarge)
Click to Enlarge Name: 12.jpg Size: 94 KB
  • #220
  • Dec 12, 2011 3:55am Dec 12, 2011 3:55am
Hi every body
how we filter signals like this picture
Attached Image (click to enlarge)
Click to Enlarge Name: v7.gif Size: 15 KB
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