Similarity: A Practical Approach | Page 32 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Similarity Trading - The ZZBB Method 215 replies

Rainbow similarity 256 replies

Help implementing zigzag similarity concept indicator 0 replies

Similarity Stuff 17 replies

Directional Similarity 0 replies

Attachments: Similarity: A Practical Approach
Exit Attachments

Similarity: A Practical Approach

  • #621
  • Aug 7, 2013 12:05pm Aug 7, 2013 12:05pm
Charvo: hi!

On IBFX platform--EA is taking trades, though in Expert tab--this error message is coming:
ArrayIntialize function Internal error.
FXDD-Extreme also there is diffrent error messsage is coming. Thanks!
Regards,
rswamy
---------------------------------------------------------------------------------------------


Quoting charvo
Hi, nice effort! just to confirm it is your post 474: http://www.forexfactory.com/showthre...64#post6860764 1st question: different broker starts a new day at different hours. do you think that in fact the beginning hours of Aus/Japan are significant instead of a certain broker's 1st hour? 2nd question: Are below the only 5 rules you used to predict next day's up/down, or you incorporate any additional new considerations? If PRICE is above 300EMA, the default daily direction will always be UP. Other things to look for to support...
  • #622
  • Aug 7, 2013 12:09pm Aug 7, 2013 12:09pm
Vlady mate, I see you are in a production mode

hows everything there mate

"Up" or "Down" day based on Open being Higher or Lower than Close

what do you mean mate. 99% of daily close is the same as "next dayz open"
  • #623
  • Aug 7, 2013 2:36pm Aug 7, 2013 2:36pm
Quoting 21vs7
Vlady mate, I see you are in a production mode hows everything there mate "Up" or "Down" day based on Open being Higher or Lower than Close what do you mean mate. 99% of daily close is the same as "next dayz open"
LOL

21! Good to see you mate! I've been a bit of a recluse trying this concept out.
i was shattered when I wrote that. Of course Daily Close is next day's open...didn't explain that we'll.
on the spreadsheet I was recording the backtest, I set the formula to UP for when Daily Close > Daily Open and DOWN for vice versa. I then compare that against my projection and assign 1 for correct/same and 0 for incorrect/not same. the total is my win rate vs total days.

Need to try and get this to a higher rates and a bigger sample size.
A pip is only worth it if you know how much you risked to earn it
  • #624
  • Aug 7, 2013 5:25pm Aug 7, 2013 5:25pm
Bloody hell what a busy day at work.

Targets achieved today, but Daily Projection was wrong.
i may start posting the trades end of day so you can see entry and exit.
i had a few TP @ 1.33334 just slightly under DS Top.

higher target of 1.34xx is still in place.

tired. Have a good night
A pip is only worth it if you know how much you risked to earn it
  • #625
  • Aug 7, 2013 5:29pm Aug 7, 2013 5:29pm
Way to go Vlady.
  • #626
  • Aug 7, 2013 5:36pm Aug 7, 2013 5:36pm
Very good, I was studying and testing ralome indicator. is very good, very happy with their signals, and continue working to implement it in matlab and signal that the number would double. Also started looking, or trying to know the force that is priced when producing the dis-similarity in the hope of being able to predict a little earlier, when playing this price. If someone comes up with something, would serve to strengthen this system. EURUSDD employs the volume, and some more expression to predict with some advance, the correction of the dis-similarity
  • #627
  • Aug 8, 2013 3:27am Aug 8, 2013 3:27am
Quoting vlady1974
{quote} LOL 21! Good to see you mate! I've been a bit of a recluse trying this concept out. i was shattered when I wrote that. Of course Daily Close is next day's open...didn't explain that we'll. on the spreadsheet I was recording the backtest, I set the formula to UP for when Daily Close > Daily Open and DOWN for vice versa. I then compare that against my projection and assign 1 for correct/same and 0 for incorrect/not same. the total is my win rate vs total days. Need to try and get this to a higher rates and a bigger sample size.
Sorry for noob question. This is only for EU and ratios are given by only the logic you presented: Daily Close > Daily Open and DOWN for vice versa?

thanks

Result: 71.43% overall win/loss ratio
  • #628
  • Aug 8, 2013 3:46am Aug 8, 2013 3:46am
Quoting 21vs7
{quote} Sorry for noob question. This is only for EU and ratios are given by only the logic you presented: Daily Close > Daily Open and DOWN for vice versa? thanks Result: 71.43% overall win/loss ratio
21! Great result man!!

Yep, the logic is only for EU as far as the original concept goes. ie. Similarity/Dissimilarity
There was an entire thread devoted to it before posting was limited by the author.
The students continued on here.

The "daily prediction method" is something I came up with from one sentence the author made along the lines of...
"you can predict the daily movement as soon as the day opens, usually with 1 hour".
I asked him, "when does the day begin?" Answer: 10PM GMT... which really meant that his chart went to midnight next day at 10pm Laaandan.
So at 11 or 12pm my time, you could try and predict the direction of the next day purely on whether it will be higher or lower than the open price.

He said all you needed was on the chart..... by that he meant the template that he had devised...

  1. 300EMA
  2. ZigZag and Semafor
  3. Stochastic and BollingerBand in one window with visible 50% line

That's it. But honestly... the biggest flaw in the method is how to predict a retracement. In a bull trend, if you've made new highs you and I know it will retrace at some point and normally we just go with Price Action.... with this method if a ZZBottom appears... the next one must be a Top.... but it could also create a lower ZZBottom one day extra before continuing the trend. I don't have a method to account for this that doesn't get more complicated.

Anyways... that's that for the moment. Work is an absolute killer and then I'm away for the weekend so I'll see if I can drop by a few more times before end of day.

A pip is only worth it if you know how much you risked to earn it
  • #629
  • Aug 8, 2013 4:16am Aug 8, 2013 4:16am
Quoting vlady1974
{quote} 21! Great result man!! Yep, the logic is only for EU as far as the original concept goes. ie. Similarity/Dissimilarity There was an entire thread devoted to it before posting was limited by the author. The students continued on here. The "daily prediction method" is something I came up with from one sentence the author made along the lines of... "you can predict the daily movement as soon as the day opens, usually with 1 hour". I asked him, "when does the day begin?" Answer: 10PM GMT... which really meant that his chart...

ah, thanks mate

no sorry to mislead you, this were your results. I just copied that you would know what im talking about.

Looking at 300 ema alone is of course disaster calling. At least one should kill the weak trades early...Otherwizze interesting idea..Im also developing something and im seaching for couple of indies which will limit my trades. Could be one attribute like this also yes.
Keep on collecting
  • #630
  • Aug 8, 2013 4:29am Aug 8, 2013 4:29am
Hi Folks,

Here's my view of the day.

4H
A couple of days ago, the last swing was a bottom so I was looking for a ZZTOP. That should have given confidence in Longs.
Looking at the chart, a ZZTOP has now printed but that doesn't mean it's confirmed. More later

1H
This should be the prime timeframe to assess everything. My Daily Projection is UP.
The most interesting thing is that a DS Zone has now been cleared. The top's price was 3337 which I'd already marked via blue horizontal line. That's why my TP yesterday was 3334. I also said yesterday morning that a 15M black hole had eventuated meaning it should dip to 3291 before going higher.... it did and lower which was great, you should have all loaded on LONGS which I did but I forgot to put a TP on them. Closed them around 332X i think.... That's like $4K in 8 hours... I've never had this kind of success on ONE SET OF PRINCIPLES (ie. For example, just Fibs or just S/R)

So with 1H.... the cleared DS zone IN MY OPINION SHOULD ACT AS SUPPORT. This may run contrary to what has been mentioned before but clearing 3337 was important to me. I could be wrong!

15M
I have put 2 buy limit orders below current price. My target is still 1.34XX (look at previous post)... which I think is the top of a DS Zone from the past.
BTW.... my Zone settings are not set to 14 day expiry. I am using 35. I can't remember what set of posts, could have been Ralome's v2 posts... but Eurusdd changed his setting to 35 and I followed suit. To me, it's more realisting in today's market that you will have 35 trading days to return to that price.
Just my opinion.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 60 KB
Click to Enlarge Name: eurusdh1.png Size: 69 KB
Click to Enlarge Name: eurusdm15.png Size: 36 KB
A pip is only worth it if you know how much you risked to earn it
  • #631
  • Aug 8, 2013 4:36am Aug 8, 2013 4:36am
Quoting 21vs7
{quote} ah, thanks mate no sorry to mislead you, this were your results. I just copied that you would know what im talking about. Looking at 300 ema alone is of course disaster calling. At least one should kill the weak trades early...Otherwizze interesting idea..Im also developing something and im seaching for couple of indies which will limit my trades. Could be one attribute like this also yes. Keep on collecting
The bigger idea of Similarity/Dissimilarity is a mind job. It's almost 1 month now but it's got promise. It's turned a $5K demo into $24K so it must be doing something right.... no use of fibs, S/R or anything else.
A pip is only worth it if you know how much you risked to earn it
  • #632
  • Aug 8, 2013 4:45am Aug 8, 2013 4:45am
Quoting vlady1974
{quote} The bigger idea of Similarity/Dissimilarity is a mind job. It's almost 1 month now but it's got promise. It's turned a $5K demo into $24K so it must be doing something right.... no use of fibs, S/R or anything else.

Vlady are your results strictly using the ZZ top/bb/stoch method or are using the stoch dif zones as well like your images above?
  • #633
  • Aug 8, 2013 4:55am Aug 8, 2013 4:55am
Quoting Effex
{quote} Vlady are your results strictly using the ZZ top/bb/stoch method or are using the stoch dif zones as well like your images above?
Hey Effex,

It's based on:

  1. ZZology (thanks cdfa!).... this is the timing trigger of the trading method. it tells me when to get in and out.
  2. StochDiff..... this helps to identify prices for exit, support, resistence, with greater certainty.

Not CI as I just can't get my own personality into it. I find that I don't have the same sensibility to deal with its repainting than I do with a repainted ZZ/Semafor.

I wouldn't say that it's STRICTLY these methods..... I would have to add that there were alot of mistakes and experiments in there as well:

  1. No SL on any of the trades.... SL added later on some.
  2. Hedging... Christ...some of these were blind luck but I wanted to understand what Eurusdd meant when he mentioned hedging... ie. being Long then hitting a DS then taking a SHORT instead of closing the long if you think long will go higher. Kind of thing. Not that I was able to do this very well.... :s
  3. Lots of fades..... it was the only way to handle the repaint. that meant reconciling the Daily Prediction and the order in which I read the charts... 1H then 15M then lower. 4H then 1H then lower.... kind of thing.

What I am working on for the next weeks are:

  1. Check out the suggestions made in the recent posts, including the EA for the daily prediction method.
  2. Try and improve Daily Prediction as I mentioned in previous posts about its flaws
  3. Try and find a method for placing stoploss
  4. Document a Trading Method for the whole thing.
  5. Consider amalgamating Pivots and S/R, and MFI <---- THIS I LIKE!

A pip is only worth it if you know how much you risked to earn it
  • #634
  • Aug 8, 2013 5:00am Aug 8, 2013 5:00am
Just had a thought on Daily Prediction:

It needs to stop being a Nostradamus static type prediction and be more dynamic.
At Daily Open (European Midnight or 10pm BST London), we can make the initial projection.

This then gets a review at London Open (8am) +1H.
This can then account for Asia which I have always used as a barometer for the day's action - well before I discovered Similarity/Dissimilarity.
A pip is only worth it if you know how much you risked to earn it
  • #635
  • Aug 8, 2013 5:23am Aug 8, 2013 5:23am
Quoting vlady1974
{quote} The bigger idea of Similarity/Dissimilarity is a mind job. It's almost 1 month now but it's got promise. It's turned a $5K demo into $24K so it must be doing something right.... no use of fibs, S/R or anything else.
excellente. Its waiting for the price to come back to you. Secondly its the capping factor when in plus close it I guess..

How TP are defined and how you define the RIsk
In your own time..

Good keep collecting
  • #636
  • Aug 8, 2013 5:33am Aug 8, 2013 5:33am
Quoting 21vs7
{quote} excellente. Its waiting for the price to come back to you. Secondly its the capping factor when in plus close it I guess.. How TP are defined and how you define the RIsk In your own time.. Good keep collecting
Thank you sir, It's always good to get one of the "crew" to say
Maybe once I start getting 1000 pips a day like Ken and Max I will re-appear!
Actually... not a bad idea for a target
A pip is only worth it if you know how much you risked to earn it
  • #637
  • Aug 8, 2013 5:36am Aug 8, 2013 5:36am
Quoting 21vs7
{quote} excellente. Its waiting for the price to come back to you. Secondly its the capping factor when in plus close it I guess.. How TP are defined and how you define the RIsk In your own time.. Good keep collecting

Good qustions.
SL not defined, but I now have a total drawdown exposure limit of $2K (so roughly 8% now, was 10% of account size).
I am limiting the number of trades to 6. I am starting to use 1H timeframes to set my targets instead of 15M.
My current target of 1.34XX is from 4H so that's also a first.

Yes... all in good time!

Laandaaan!
A pip is only worth it if you know how much you risked to earn it
  • #638
  • Aug 8, 2013 6:18am Aug 8, 2013 6:18am
  • #639
  • Aug 8, 2013 6:41am Aug 8, 2013 6:41am
Quoting vlady1974
{quote} Hey Effex, It's based on: ZZology (thanks cdfa!).... this is the timing trigger of the trading method. it tells me when to get in and out. StochDiff..... this helps to identify prices for exit, support, resistence, with greater certainty. Not CI as I just can't get my own personality into it. I find that I don't have the same sensibility to deal with its repainting than I do with a repainted ZZ/Semafor. I wouldn't say that it's STRICTLY these methods..... I would have to add that there were alot of mistakes and experiments in there as well:...
Thx Vlady,

GL with your next set of tests!
  • #640
  • Aug 8, 2013 8:47am Aug 8, 2013 8:47am
4 Longs on the board. TP @ 338X, not going for the 34XX topday. SL in positive areas now.
Sell Limits at 3420ish.

I'll be away until Monday so no updates until then.


Just another observation on Dissimilarity.... the bar that triggers it... is usually an explosive candle, a big mover. So to me, some form of volume spike must happen.
A pip is only worth it if you know how much you risked to earn it
1 trader viewing now