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Trend, S/R, Stoch, MACD, RSI, Volatility, Stats & News System

  • #1
  • First Post: Apr 25, 2014 9:05am Apr 25, 2014 9:05am
Hi,

I have been trading FX for more than 9 years now. Like every human, I was successful sometimes and a looser in other times in this giant market. It is interesting when you enter the market to know it, not to make profits, so you will be keen not to gamble, not to waste your money in one shot, just like an employee who enters a new company; every breath is counted on him, so there and only there he can see things correctly and start giving solutions.

I learned a lot from my losses & profits and want to learn more and give, therefore, I want to share my thoughts "one step until completed then move to the next step" with you, may be with your enthusiasm, brilliant ideas and with intelligent programming minds, we can make a system that understands the markets moves and answers traders' questions.

If we will start, there is a lot of crowds, this is seen from this thread's title: Trend, S/R, Stoch, MACD, RSI, Volatility, Stats & News System.
Those are the topics I am talking about, that I want to identify in this thread.

I will definitely make brain storming to let "imagination" contribute in developing the actual trading style to the systematized style. I will ignore discussing other thoughts that are not serving the current topic.

One more thing, I will put ideas that are from my current trading style, in the mean time, I found that if I have some automation into my ideas, trades will be more accurate and faster, so in a way in my mind, I will put those ideas also, so you will not see things separate, nay you will see them all altogether.

Let's start.

Finaladd.
  • #2
  • Edited 4:12pm Apr 25, 2014 9:21am | Edited 4:12pm
Preface:

This needed System is an imaginary: It contains Market's Trends, Market's Strength & Volatility, Employing News Data as the Fundamental Analysis, Market Tick Data & Stats as the High Frequent Trading and Technical Analysis.

As you read, it is giant and thorough, and I mainly use Trends and Volatility and I am doing good. I use in a little way all of the above in one basket, because that is very hard as they need automation as told in post #1.

Now, to start, we have to take those materials one by one. Once we finish them all, we will compile them in one system, and there you go.

I need your attention and assistance.

We will make EURUSD as our standard pair to talk about.

Finaladd.
  • #3
  • Edited 4:10pm Apr 25, 2014 11:17am | Edited 4:10pm
ONE: Markets Trends

We are discussing trends, because trend is your friend is a very true saying. We can't go against trend at all except when we know -will be explained later- that there will be a breakout.

Trends are either up trends, down trends or range trends. With this in mind, if we have formula to each one, we will solve puzzle #1.
My trading style is to identify trends and to go with them in certain conditions, and against them in other certain conditions.

1. Do you use indicators to determine forming a trend? What are they? What are their settings? Why do you use these settings?
2. Do you use other means? What is it?
3. Does your piece of work reflect the reality? How?
4. What time does it tell you about: Past, Present, Future?

Anyone who has valued info please advise us.

I use my own means to determine a trend: candles. I like to be obvious and that's why I dealt with prices "reflected in candles" it selves as my best way to know trends.

Steps for determining the trend "ALTOGETHER. IF ONLY ONE STEP IS MISSED, NO TREND AT ALL":
1. Measure your pair's Last 13 candles in the weekly chart's highs minus lows to know the weekly movement average for that pair, without considering Last 2 candles. The last 2 candles that you didn't measure must have almost the same weekly movement average of those 13 candles.
2. On the daily Chart, draw a trend channel "2 trendlines: Upper to be matching candles highs & Downer to be matching candles lows". This channel must start from those 2 last weekly candles, but in another timeframe: the daily timeframe. This will be the last 12 candles in the daily chart if you use a broker like mine whose week consists of 6 daily candles. Please modify daily candles numbers according to your provider's way.
3. Trend Channel consists either of paralleled 2 lines OR 2 angled lines.
4. Ratio between matched prices by the upper trendline and matched prices by the downer trendline in the trend channel equals or greater than 61.8%.
5. Uptrend, if the open price of the first daily candle in the trend channel is less than closing price of the last daily candle in the same trend channel.
6. Uptrend, if the closing price of the last candle is above the channel downer trendline.
7. Uptrend, if the high price of the last candle equals or greater than half the distance between the two channel trendlines.
8. The opposite is correct in terms of the Down trend.
9. If steps from 1 to 4 are existent, but "open, high, low, close price data" is mixed, then trend is in Range Mode.
10. If any step from 1 to 4 is not existent, the trendlines making channel are wide instead of being paralleled or angled, OR price does not accept to be put in a trend channel, then NO TREND.

Your thoughts are appreciated.

Finaladd.
  • #4
  • Apr 25, 2014 11:40am Apr 25, 2014 11:40am
We need interaction, guys.
  • #5
  • Apr 26, 2014 9:38am Apr 26, 2014 9:38am
Quoting finaladd
I learned a lot from my losses & profits and want to learn more and give, therefore, I want to share my thoughts "one step until completed then move to the next step" with you, may be with your enthusiasm, brilliant ideas and with intelligent programming minds, we can make a system that understands the markets moves and answers traders' questions.
Do I read well? You would like to code the PA reading and having a computer perform basic TA? I'm subscribed.
No greed. No fear. Just maths.
  • #6
  • Apr 26, 2014 1:33pm Apr 26, 2014 1:33pm
Quoting PipMeUp
You would like to code the PA reading and having a computer perform basic TA?
Isn't that effectively what is done by interpreting the data from indicators?

Basic TA is defining the trend and defining a trigger are basically the foundation for a lot of EAs and trading systems....

Problem with them, most haven't a clue how to use the indicators, so why would they assume that coding them would be more of a benefit?

You've seen and know the errors that both traders and coders make in these directions...this is just another, start from scratch.

I still think it will boil down to [1] and [0]...

But at least this guy isn't hitting the Moving Average EA trap...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #7
  • Apr 27, 2014 5:50am Apr 27, 2014 5:50am
Quoting Magix
Isn't that effectively what is done by interpreting the data from indicators?
The OP wrote: "make a system that understands the markets moves and answers traders' questions"
I understand a "meta indicator" which interprets the other ones. Not necessarily to trigger a trade. Building a dashboard with possible opportunities would already be great.
No greed. No fear. Just maths.
  • #8
  • Apr 27, 2014 8:28am Apr 27, 2014 8:28am
Quoting PipMeUp
{quote} The OP wrote: "make a system that understands the markets moves and answers traders' questions" I understand a "meta indicator" which interprets the other ones. Not necessarily to trigger a trade. Building a dashboard with possible opportunities would already be great.
I've seen a few of these floating around and have a friend working on another...currency strength based EA trigger module.


But I don't believe it will actually answer questions, more so look for opportunities.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #9
  • Apr 28, 2014 4:22am Apr 28, 2014 4:22am
Quoting PipMeUp
{quote} Do I read well? You would like to code the PA reading and having a computer perform basic TA? I'm subscribed.
Thanks PipMeUp for your post. Yes, I wanna make a Price Action reading purely because Indicators have their own analysis that I found not "practical" not "not working". Iwanna put it in a working formula, that deals with things "objectively" not "subjectively". It is very hard, and needs a lot of know how, observing, management, discipline, accuracy and trials.

This indeed needs giant efforts because I do "some" of it "manually" and it is working very very good. I want to make it big and wide so that it be an EA.

Coders, CFAs, Indicators Experimenters, Fundamentalists and Statistics are the professionals needed for assisting. Audience and Traders are needed for their inspiring.

Finaladd.
  • #10
  • Apr 28, 2014 4:27am Apr 28, 2014 4:27am
Quoting Magix
{quote} Isn't that effectively what is done by interpreting the data from indicators? Basic TA is defining the trend and defining a trigger are basically the foundation for a lot of EAs and trading systems.... Problem with them, most haven't a clue how to use the indicators, so why would they assume that coding them would be more of a benefit? You've seen and know the errors that both traders and coders make in these directions...this is just another, start from scratch. I still think it will boil down to [1] and [0]... But at least this guy isn't...
Magix. Thanks for your share. You are right. Indicators do some of this job, and yes, a lot don't understand them, ans this is part of this EA: to have persons who understands them well to participate with their knowledge. However, my idea is not linked to indicators, but it rather bring "filters" that can not be read with Indicators, that with them ALL, a trade will be triggered or closed.

Your knowledge is welcomed Magix.

Finaladd.
  • #11
  • Apr 28, 2014 4:30am Apr 28, 2014 4:30am
Quoting PipMeUp
{quote} The OP wrote: "make a system that understands the markets moves and answers traders' questions" I understand a "meta indicator" which interprets the other ones. Not necessarily to trigger a trade. Building a dashboard with possible opportunities would already be great.
Excellent! No trade will be triggered until the dashboard is built perfectly. Keep with us and explain what can you do replying on post #2 & #3.

Finaladd.
  • #12
  • Apr 28, 2014 4:34am Apr 28, 2014 4:34am
Quoting Magix
{quote} I've seen a few of these floating around and have a friend working on another...currency strength based EA trigger module. But I don't believe it will actually answer questions, more so look for opportunities.
Magix, my project is not a news trading system, anyway. It has filters and exceptions that news is only one part of it. My suggestion is people who know are to be part of thriving this project and find its lighted sides to make it a reality.

Finaladd.
  • #13
  • Apr 28, 2014 4:46am Apr 28, 2014 4:46am
vs post3 only 1,2 rules

Picture says a lot... Perhaps you should run thru some pictures explaining your post 3.

Seems there will be a strong filtering already on the trend attribute only. What makes you confident that you will not run on the trend as it will start ending. 13 weeks is a strong candle period.
System asks then for 500-1500 pippers I reckon? What would we see as potential targets then.
Just thinking out laud..
Attached Image (click to enlarge)
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  • #14
  • Apr 28, 2014 4:57am Apr 28, 2014 4:57am
Quoting Magix
{quote} I've seen a few of these floating around and have a friend working on another...currency strength based EA trigger module. But I don't believe it will actually answer questions, more so look for opportunities.
Off this topic. Can you introduce me to this friend. We could exchange some insight what we are doing. I am on similar journey myself and would appreciate few talks about this issue.
Thanks J
  • #15
  • Apr 28, 2014 4:21pm Apr 28, 2014 4:21pm
Quoting 21vs7
{quote} Off this topic. Can you introduce me to this friend. We could exchange some insight what we are doing. I am on similar journey myself and would appreciate few talks about this issue. Thanks J
See itinerant and sergien in my other house.

I think they are both working on something similar, might be a nice group effort.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #16
  • Apr 28, 2014 6:33pm Apr 28, 2014 6:33pm
Quoting finaladd
{quote} Magix, my project is not a news trading system, anyway. It has filters and exceptions that news is only one part of it. My suggestion is people who know are to be part of thriving this project and find its lighted sides to make it a reality. Finaladd.

Your idea is missing a few friends...and, well...ideas...

I feel your pain brother, FF really isn't a place to find folk for participating in ideas....but there is a lot of knowledge around.

Personally, I applaud your efforts but don't think I will be adding to the mix. I've already got a few projects on the go and a few friends to share with.

Here is an idea of what we are playing with:
Link1
Link2

Good luck in your quest and if your fresh out of ideas, stop by and say Hi...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #17
  • Apr 28, 2014 6:43pm Apr 28, 2014 6:43pm
Quoting 21vs7
vs post3 only 1,2 rules Picture says a lot... Perhaps you should run thru some pictures explaining your post 3. Seems there will be a strong filtering already on the trend attribute only. What makes you confident that you will not run on the trend as it will start ending. 13 weeks is a strong candle period. System asks then for 500-1500 pippers I reckon? What would we see as potential targets then. Just thinking out laud.. {image}
Thanks 21vs7 for this. If you re read my post # 3, you will find that I didn't mention 13 candles week as my trend, but as weekly movement average. My trends is only going for 2 weeks "last 2 candles". Plus and most importantly, this is a way with which manual traders would use those figures to make a system automated without putting 2 weeks as our trend, but stats will find out.

Finaladd.
  • #18
  • Edited 8:07pm Apr 28, 2014 7:36pm | Edited 8:07pm
Quoting Magix
{quote} Your idea is missing a few friends...and, well...ideas... I feel your pain brother, FF really isn't a place to find folk for participating in ideas....but there is a lot of knowledge around. Personally, I applaud your efforts but don't think I will be adding to the mix. I've already got a few projects on the go and a few friends to share with. Here is an idea of what we are playing with: Link1 Link2 Good...
Your advices are in their place and I am trying to find "few friends". If you could be my lead, then please, so that I won't be desperate. If not, then where should I search and what's the best way to find those talented craftsmen?
As per your request, I wouldn't say Hi up till moment.
  • #19
  • Apr 29, 2014 12:44am Apr 29, 2014 12:44am
Quoting finaladd
{quote} Thanks 21vs7 for this. If you re read my post # 3, you will find that I didn't mention 13 candles week as my trend, but as weekly movement average. My trends is only going for 2 weeks "last 2 candles". Plus and most importantly, this is a way with which manual traders would use those figures to make a system automated without putting 2 weeks as our trend, but stats will find out. Finaladd.
Yeah, missread it.

So MA moving average. What would then be targets in this play? I found out that lower TF impulse is better than 1D trend or even weekly.

At least for my targets.

Looking forward for the findings
  • #20
  • Apr 29, 2014 3:47am Apr 29, 2014 3:47am
Quoting 21vs7
{quote} Yeah, missread it. So MA moving average. What would then be targets in this play? I found out that lower TF impulse is better than 1D trend or even weekly. At least for my targets. Looking forward for the findings
Longer trends give you confidence of the one direction move, that you are not worrying -most of time- for reversals, at least for my experimented trades for more than 9 years.
Please be notified that daily trends are just to determine the trend and not to trigger. I will come to that later but want now to fix things related to puzzle #1.
A lot of filters are used per puzzle, that's why I believe in the plan.

where are coders?

Finaladd.
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