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The similarity system

  • #1,821
  • Jul 14, 2013 1:43pm Jul 14, 2013 1:43pm
Eurusdd my friend, someone try to steal your indicator. hey someone i tell you, PLEASE try to understand the similarity concept Instead of theft.

http://worldwide-invest.org/threads/23260-UpDown-LEVEL-indicator
  • #1,822
  • Jul 14, 2013 1:49pm Jul 14, 2013 1:49pm
Word of wisdom: if you spend your entire Sunday debugging and working with Strategy Tester, your sanity will go so far away you can't even imagine, and you'll get extremely close to doing self-harm. Do think twice.
Even if you fall on your face, you're still moving forward.
  • #1,823
  • Jul 14, 2013 1:50pm Jul 14, 2013 1:50pm
Oh....there is only one way price has to move base on that chart.....:nerd:
I want more brain power!
  • #1,824
  • Jul 14, 2013 1:51pm Jul 14, 2013 1:51pm
Quoting Ralome
Word of wisdom: if you spend your entire Sunday debugging and working with Strategy Tester, your sanity will go so far away you can't even imagine, and you'll get extremely close to doing self-harm. Do think twice.
I want more brain power!
  • #1,825
  • Jul 14, 2013 2:13pm Jul 14, 2013 2:13pm
Quoting cenky
Eurusdd my friend, someone try to steal your indicator. hey someone i tell you, PLEASE try to understand the similarity concept Instead of theft. http://worldwide-invest.org/threads/23260-UpDown-LEVEL-indicator
Hi. I am not worried about that. If I was worried about how people will use this basic concept I would have .......... You know!!!!

I have been trading this and producing fantastic results for almost 2 years now and people keep asking me what the trick is. Some even claim my results are FAKE. In fact, I was BANNED from Babypips for this very reason. Therefore, I decided to release one of my ideas for all to test and use.

I am interested in variations that you and others will create out of this!

I know that most experienced traders here know the true source of this idea and that is enough for me!!!

Have fun and keep experimenting!!!!
  • #1,826
  • Jul 14, 2013 2:15pm Jul 14, 2013 2:15pm
So, is there already an EA which is working? I was working on a new one based on this thread, but I am always getting some results not fitting to the chart. Never had such problems creating an EA.
  • #1,827
  • Jul 14, 2013 2:24pm Jul 14, 2013 2:24pm
Quoting Eurusdd
{quote} Hi. I am not worried about that. If I was worried about how people will use this basic concept I would have .......... You know!!!! I have been trading this and producing fantastic results for almost 2 years now and people keep asking me what the trick is. Some even claim my results are FAKE. In fact, I was BANNED from Babypips for this very reason. Therefore, I decided to release one of my ideas for all to test and use. I am interested in variations that you and others will create out of this! I know that most experienced traders here know...



keep going
  • #1,828
  • Jul 14, 2013 2:34pm Jul 14, 2013 2:34pm
Quoting Eurusdd
{quote} . In fact, I was BANNED from Babypips for this very reason.
Don't worry about that... A lot of people doesn't want things to change.

One day you wake up and you realize you know that you know nothing...
  • #1,829
  • Edited 2:51pm Jul 14, 2013 2:40pm | Edited 2:51pm
Here is a strategy that I have been using the last few years to Identify key levels to trade to and from, I spoke briefly about it in an earlier post but since we are moving in that direction at full speed I thought I might share how I do it.

First, this is not to use as a trade strategy alone, I use it in conjunction with other strategies to enhance their performance.

Just like the Indicator that Ralome created the levels will have differing strength and weaknesses, combining with the similarity principle gives a high direction probability. (which way to trade).

The indicator is the Bill Williams MFI, In particular I am looking for the bar that is BLUE, It represents spead is DOWN and volume is UP. This means small bars with volume increasing. What that also means is there are a lot of ticks coming in or trades coming in but price is just moving in small increments, up and down repeatedly.

That is how you can tell where the big boys are. They have levels that they trade to and from, some are more important than other depending on what they want to do. Or where they want price to go.

So, I start on the daily chart with the MFI and I mark the bars that are BLUE this is the Mother F@#$@$@ In charge bar, MFI,then I go to the 4 Hour chart and mark the High and Low of those bars. Those then become my KEY LEVELS. Look at how price reacts to these levels when it gets back to them

I drop to lower Time frames to make my trades, now I combine the similarity principle to this analysis and I now have a money making machine. have not lost a trade yet, since I got it.

The lowest TF I trade is 15 min, I do not like to scalp.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Daily MFI.png Size: 163 KB
Click to Enlarge Name: 4 HR MFI.png Size: 192 KB
Click to Enlarge Name: 1 HR MFI.png Size: 186 KB
  • #1,830
  • Jul 14, 2013 2:47pm Jul 14, 2013 2:47pm
Quoting Gvc
Great thread EURUSDD...... Here is the CI indicator with history. It marks repainting spikes with dots and has an Alert function. {image} {file}
Thank you for this!! Would you or anyone else be able to make a zigzag indicator with history as well? this would be much appreciated and probably very useful for backtesting
  • #1,831
  • Jul 14, 2013 3:00pm Jul 14, 2013 3:00pm
Quoting Eurusdd
We are working on the monthly chart and there are three optimal settings. You already have one - template on the thread. The other optimal settings produced the picture below!!! {image} THIS SHOULD GIVE AN IDEA of what price is trying to do or will most likely do soon! Notice that PRICE has not created new zones above its current position. That is very good - even though we know that she will create one soon. This can only happen with a spike-down or a ZZ move!
That's really impressive. It really gives a good hint of where price will go in the future.
How do you set up the StochDifZones indicator on the monthly chart? I cant get it to look like your chart!
  • #1,832
  • Jul 14, 2013 3:16pm Jul 14, 2013 3:16pm
Hi
Looking at my 5min set up I see money cooking below.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_m5.png Size: 64 KB
My help is in the name of the Lord who made heaven and earth.
  • #1,833
  • Jul 14, 2013 3:38pm Jul 14, 2013 3:38pm
Quoting Albertdkpllh
Hi Looking at my 5min set up I see money cooking below. {image}
What indicator settings are you using?
I can see five zones over current price on M5!
  • #1,834
  • Jul 14, 2013 3:42pm Jul 14, 2013 3:42pm
Yes make sure you are using the correct settings - what is optimised for M15 probably won't work on M5. And remember that this has been designed and tested for EU not EJ although a good system should work on others.
  • #1,835
  • Jul 14, 2013 3:45pm Jul 14, 2013 3:45pm
Hi Folks !

Look at the EUR/USD 15 min chart.....

Hmmmm... lets wait and see ;-))

Cheers

Bernhard
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_USD_15.jpg Size: 163 KB
  • #1,836
  • Jul 14, 2013 3:56pm Jul 14, 2013 3:56pm
Quoting behof
Hi Folks ! Look at the EUR/USD 15 min chart..... Hmmmm... lets wait and see ;-)) Cheers Bernhard {image}
That's what I'm thinking also
  • #1,837
  • Jul 14, 2013 4:06pm Jul 14, 2013 4:06pm
Would it be correct to say that, mathematically speaking, the EMA1 is a stochastics with period infinite? Sorry if this is redundant and someone already said it. I am trying to make mathematical sense of this with my limited mathematical knowledge.
Please pull my head out of my ass, I am running out of oxygen...
  • #1,838
  • Jul 14, 2013 4:10pm Jul 14, 2013 4:10pm
OMG Black hole!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdaa.png Size: 39 KB
  • #1,839
  • Jul 14, 2013 4:38pm Jul 14, 2013 4:38pm
Quoting spufuz
{quote} What indicator settings are you using? I can see five zones over current price on M5!

5 min eurjpy, 1-3-4 for 5min and 1-9-4 for 15min.
My help is in the name of the Lord who made heaven and earth.
  • #1,840
  • Jul 14, 2013 4:41pm Jul 14, 2013 4:41pm
Does this mean price will go there where i made a circle ?
Attached Image (click to enlarge)
Click to Enlarge Name: snap_eurjpyidaily.png Size: 60 KB
My name is Martin... Martin Gale
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