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Need Big Help on Indicator Coding

  • #41
  • Mar 27, 2012 7:01am Mar 27, 2012 7:01am
Quoting rotunda
Thanks for reply. All parameters agreement, first break and close past the 72 and 12 channels. Thanks
rotunda, I need more precise rules, otherwise you will get hundreds of arrows.

Please list all rules.
Especially: where the candles must have their Open ( or Low/High ).

When blue bands are separated from orange bands, most candles close above blue bands and orange bands in an uptrend and vice versa in a downtrend.
Your chart will be cluttered with arrows.
  • #42
  • Mar 27, 2012 7:35am Mar 27, 2012 7:35am
Long setup; Price is above 72 channel. Price breaks and closes above the 12 channel. The candle that breaks and closes above the 12 channel, I call the signal candle. When price breaks this candle , going higher, I enter long. Short Setup; Price is below the 72 channel. Price breaks and closes below the 12 channel. The candle that breaks and closes below the 12 channel , I call the signal candle. When price breaks the signal candle, going lower, I enter short. Forget about the ADX ageement. I request an alert showing the signal candle only.
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 66 KB
  • #43
  • Mar 27, 2012 8:15am Mar 27, 2012 8:15am
Quoting rotunda
Long setup; Price is above 72 channel. Price breaks and closes above the 12 channel. The candle that breaks and closes above the 12 channel, I call the signal candle. When price breaks this candle , going higher, I enter long. Short Setup; Price is below the 72 channel. Price breaks and closes below the 12 channel. The candle that breaks and closes below the 12 channel , I call the signal candle. When price breaks the signal candle, going lower, I enter short. Forget about the ADX ageement. I request an alert...
Ok. Done.

One thing I coded differently:
There are candles which already opened and closed outside of blue channel
but opened inside the orange channel.
http://i.imgur.com/VK5b0.jpg
The candle previous to the signal candle started inside the blue channel though.

In the attached version such candles are included as valid signal candles.
Do you want that ?

Or do you want only the pure rule that the signal candle must start within the blue channel
to be valid ?
Attached File(s)
File Type: ex4 Cobra_rotunda.ex4   6 KB | 512 downloads
  • #44
  • Mar 27, 2012 8:32am Mar 27, 2012 8:32am
That was exactly what I needed. Thank you for being patient with me. Trading on the M5 is very rewarding using this method. This alert will make entries easier. RH
  • #45
  • Mar 27, 2012 8:56am Mar 27, 2012 8:56am
signal on gj was very profitable. Just need to watch for signals at highs and lows of the session.
Attached Image (click to enlarge)
Click to Enlarge Name: gj 32712.gif Size: 55 KB
  • #46
  • Mar 27, 2012 9:19am Mar 27, 2012 9:19am
Hi Rotunda,
I have been following your conversation as I am also trading this system now.
Shouldn't the price be outside both orange and green zones?
If the entry candle is outside Blue zone but still partially or fully inside the orange zone it is not valid entry - unless you are ignoring that for a reason now.
  • #47
  • Mar 27, 2012 9:30am Mar 27, 2012 9:30am
Quoting Anu_
Hi Rotunda,
I have been following your conversation as I am also trading this system now.
Shouldn't the price be outside both orange and green zones?
If the entry candle is outside Blue zone but still partially or fully inside the orange zone it is not valid entry - unless you are ignoring that for a reason now.
Anu, he made his own rules.
Forget about ADX and reversal candle and candle 1 and candle2.
Only 1 candle is checked for simple conditions.

rotunda,
where do you place your SL ?

And do you use other filters to avoid whipsaws ?
  • #48
  • Mar 27, 2012 9:41am Mar 27, 2012 9:41am
Stop Loss is opposite channel from entry. I use partial stochastic with the ADX line for reference. Always be aware of highs and lows of the current session.
  • #49
  • Mar 27, 2012 9:50am Mar 27, 2012 9:50am
Quoting fxtr51
Anu, he made his own rules.
Forget about ADX and reversal candle and candle 1 and candle2.
Only 1 candle is checked for simple conditions.

rotunda,
where do you place your SL ?

And do you use other filters to avoid whipsaws ?
Thanks fxtr51.
I genuinely believe this is a good system that we can write an EA for.
I suppose you have given that up now coz you are busy with other work. I already prepared a document with all the rules etc for a developer.
As you already have done some work, if you ever have any free time let me know and I will work with you to develop, test and optimize it.
  • #50
  • Mar 27, 2012 9:56am Mar 27, 2012 9:56am
AU short had 4 entries possible. Nice method. Always with trend.
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 63 KB
  • #51
  • Mar 28, 2012 1:06pm Mar 28, 2012 1:06pm
http://content.screencast.com/users/...03-28_1017.png
  • #52
  • Mar 28, 2012 1:21pm Mar 28, 2012 1:21pm
  • #53
  • Mar 28, 2012 1:25pm Mar 28, 2012 1:25pm
Three trades after NY open this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 32712.gif Size: 66 KB
  • #54
  • Mar 28, 2012 5:59pm Mar 28, 2012 5:59pm
Rotunda are you using the Cobra rotunda .ex4 to generate the signal candle? Then the trade is placed at the break of the high/low of the signal candle. Using this on M5 only?

Thanks,

Bobby R.
  • #55
  • Mar 29, 2012 3:44am Mar 29, 2012 3:44am
Hi Bobby, yes, that is the entry. fxtr51 was kind enough to write the indicator, and it works very well. Signal keeps you in trend and has helped me tremendously.
  • #56
  • Mar 30, 2012 5:30pm Mar 30, 2012 5:30pm
Entries on the 60/4 method.
Attached Image (click to enlarge)
Click to Enlarge Name: ej 33012.gif Size: 49 KB
  • #57
  • Mar 30, 2012 8:49pm Mar 30, 2012 8:49pm
Entries on the 60/4 method. When price is above the 60 ema, I only look for long trades. When price is below the 60 ema, I only look for short trades. Signal is the first break and close above the 4ema that is above the 60ema for long trades. Short trades are the first break and close below the 4ema that is below the 60ema. thanks for the quick response. I will post a chart on where the signals came out on the indicator you sent. I will mark the candles with white arrows on where I like them to be.
  • #58
  • Mar 30, 2012 8:54pm Mar 30, 2012 8:54pm
60/4 entries.
Attached Image (click to enlarge)
Click to Enlarge Name: ej 33012.gif Size: 50 KB
  • #59
  • Mar 31, 2012 3:11am Mar 31, 2012 3:11am
Quoting rotunda
Entries on the 60/4 method. When price is above the 60 ema, I only look for long trades. When price is below the 60 ema, I only look for short trades. Signal is the first break and close above the 4ema that is above the 60ema for long trades. Short trades are the first break and close below the 4ema that is below the 60ema. thanks for the quick response. I will post a chart on where the signals came out on the indicator you sent. I will mark the candles with white arrows on where I like them to be.
Here is the indicator.
Attached File(s)
File Type: ex4 Rotunda_60_4.ex4   6 KB | 497 downloads
  • #60
  • Mar 31, 2012 6:03am Mar 31, 2012 6:03am
Thanks again.
Attached File(s)
File Type: zip SimpleSimon Fx_V2_A (2).zip   2.4 MB | 1,315 downloads
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