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The similarity system

Quoting broketrader
I have ran the cycle identifier indicator in visual test mode and the signal redraws itself even several bars later, so for me it's totally bs. Do not misunderstand me, I'm talking about the indicator, not you system, maybe you could try to illustrate the system with another more conventional indicator, just a suggestion...

Each to there own, they do repaint, but once you get use to using them, you become familiar with it's behaviour.
sorry people, I was away from the markets! I will be back to trading soon in. We can do this!
Quoting Madmoney
{quote} All types of gains! {image} {image}
That is a fairly good chart!!
Quoting Eurusdd
...We can do this!
I like your attitude!!!

Of course we can do this!!!

Just help us to make it clear.
Quoting panosmgr
{quote} I like your attitude!!! Of course we can do this!!! Just help us to make it clear.
Notice that I have traded 8lots so far, on this very small account. That means i believe in the system. I am going to reduce it to 1 lot per-trade. My profit drawdown is -$18.
And when I spot an openeing, I will alert the room and let those around take advantage of it! Another option is to follow my trades on the explorer posted! All the best!
Quoting Eurusdd
{quote} That is a fairly good chart!!
Eurusdd, I know you can use any number for the parameters, but what timeframe and parameters do you use?
What is pulling EURUSD down? A hint is on the chart below! However, I have already traded this move and the window is closing!
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I have seen that most people cannot get the settings right or do not understand how to use the cycle-identifier in order to get the kind of similarity I have. Therefore I will propose another indicator soon. The problem with the cycle identifier is that, the way your chart looks depends on the number of bars in your chart. Therefore, we may have different charts even though we used the same settings!!!
Hi, EU:

the circles you drew on the "difference" happened quite a while back (far left on the charts). how does a trader trade it? or react to a difference in 'cycle identifier'.

i read this thread thru, but didn't find the specific instructions on "upon seeing xxxx, you need to do xxxx". thanks.

Quoting Eurusdd
IMPORTANT: The charts MUST always agree before a new trend (minor/major) begins. Therefore, if they do not agree after a certain time, the trend is expected to continue!!!
That will be the best!! Otherwise thread will reach 50 pages and we'll still try to clear the basics

Quoting Eurusdd
I have seen that most people cannot get the settings right or do not understand how to use the cycle-identifier in order to get the kind of similarity I have. Therefore I will propose another indicator soon. The problem with the cycle identifier is that, the way your chart looks depends on the number of bars in your chart. Therefore, we may have different charts even though we used the same settings!!!
6 trades, 17 pips profit. Is that about normal for this tactic?
Quoting whoareyou
6 trades, 17 pips profit. Is that about normal for this tactic?
Hi. I believe you don't understand the fundamental principle behind this approach or you did not read the first post! This approach is radical and different from others because you are not required to second-guess your decision to buy/sell. In other words, if a window appears, you don't have to ask yourslef whether buy/sell really makes sense considering all the other information you have access to. That is why we refer to these windows as wormholes or blackholes. They do not last long and depending on the time-frame pair you are using, they can last less than 20secs and guarantee you less than 5 pips.

One thing is sure though, you will get your pips!!!!

That is why I traded 8lots because I was sure of my pips, 1pip, 2pips or whatever! I chose 1min/5min because of this thread and so the windows I see on my chart are very small. If you choose 30min/1hr you will get 10pips-20pips sure but you will have to wait 1hr-3hrs to identify a window.
Finally, since these windows can appear randomly, you have to start at your chart or design a way or alerting you on their occurrence!

So, if you want 30pips or more per-trade then you will have to use 4hr/1day, 1day/2days etc. The problem with that choice is that you could miss a window when it appears or see it late -- when it is closing!!!!
All the best!
10-20 pips in 1-3 hours would work fine for me and I suspect many others who are in this thread, but apparently I am not the only one here who needs a clearer explanation of how to do that.

If you would be so kind as to further explain the process, it will be appreciated...........
Why is EURUSD heading back uup? I posted this chart earlier and said that I traded the move but the window was closing(check post 47)! This is what I meant!!! I expected a similarity at A after the 1hr bar closed but none appeared, so that means price had to go up before it can come down again in order to get similarity!!!
Because this is a 30min/1hr pair, you make your decision when the 1hr bar closes!!!
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You can try this indi.
It is zz too.
Attached File(s)
File Type: mq4 zz1-alert.mq4   6 KB | 1,921 downloads
no, that zz1-alert does not work like cycle identifier.
There is more math in Cycle Identifier.
So, forget that.
Is this a problem, that CI does not mark absolute tops or bottoms?
Attached Image
Thank you Eurusdd.
Madmoney:
What Indicator are you using to get these signals? Amazing!

66Trader66
Just showing what that zz1-alert can do, but it is not so high win% than similarity has, but good anyway.
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