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  • #892,781
  • Edited 4:07am Apr 27, 2014 2:25am | Edited 4:07am
1)Gold is maybe in key moment for drop or up but my sentiment is still in down:
2)usd/jpy - my sentiment is UP
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  • #892,782
  • Apr 27, 2014 4:43am Apr 27, 2014 4:43am
Quoting mv6
1)Gold is maybe in key moment for drop or up but my sentiment is still in down: 2)usd/jpy - my sentiment is UP {image} {image}
Ha ha. IMO, G is up, UJ is down.
  • #892,783
  • Apr 27, 2014 6:27am Apr 27, 2014 6:27am
Expecting EU at 1.39xxx later this week if we see a gap up on Monday..
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  • #892,784
  • Apr 27, 2014 8:36am Apr 27, 2014 8:36am
Quoting KillerWhale
{quote} Jesus, I'm in this hobby for more than 9 years now and still gotta learn a lot!
Not really...

Applying an EA isn't much different than applying an indicator.

It's more so, just finding something that suits you...or...having code written that does what you want it to do.

Again, I'd use Davits trade system as an example...because he is waiting on the longer tfs, it really isn't much to find something that you can work into the daily that will take a position to a few positions and wait out the market whips.

Just using his RSI settings maybe mashing in the Bollinger Bands and a simple trigger on grid would probably present several opportunities or at least build positions that could be manually exited, set to exit static profit or by a Range Based Dynamic indicator.

Enter skorties on toppy RSI and Above Bollies, exit at the lower Bollies.

I've written a few Bollinger Band and RSI Trigger based EAs...Giving a larger range on the hourly-dailies would probably work out fine.

It is setting the definition as to how you would trade specifically that would take a little time to sort.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #892,785
  • Apr 27, 2014 9:19am Apr 27, 2014 9:19am
Quoting Magix
{quote} Not really... Applying an EA isn't much different than applying an indicator. It's more so, just finding something that suits you...or...having code written that does what you want it to do. Again, I'd use Davits trade system as an example...because he is waiting on the longer tfs, it really isn't much to find something that you can work into the daily that will take a position to a few positions and wait out the market whips. Just using his RSI settings maybe mashing in the Bollinger Bands and a simple trigger on grid would probably present...
Hey Magix, you're probably aware of these particularities of the RSI(14) levels.. But here they are..

RSI oscillating between:

25-30 and 60-65 --> bear
40-45 and 70-75 --> bull
40-45 and 60-65 --> consolidation/trend change alert.
  • #892,786
  • Apr 27, 2014 9:33am Apr 27, 2014 9:33am
Quoting attila
{quote} Hey Magix, you're probably aware of these particularities of the RSI(14) levels.. But here they are.. RSI oscillating between: 25-30 and 60-65 --> bear 40-45 and 70-75 --> bull 40-45 and 60-65 --> consolidation/trend change alert.
Hi Attila
After playing with different settings on RSI I settled on RSI 8 on daily chart giving most tradable signal to me.
I never liked 14
If I had to choose 1 indicator out of all I'll take Bollinger Bands.Most under the radar indicator...combine with RSI 8 gives very good signals.
Most traders don't understand role of indicators.Indicators only give high probability set ups but its never cold take every signal. One has to filter out use discretion.As everyone knows RSI can remain above 70 for prolonged period of time or BB can continuously expand in strong trends.This is where traders experience comes in.One has to filter and take best signals
Regards
In trading, you have to be defensive and aggressive at the same time
  • #892,787
  • Apr 27, 2014 9:38am Apr 27, 2014 9:38am
Quoting Davit
{quote} Hi Attila After playing with different settings on RSI I settled on RSI 8 on daily chart giving most tradable signal to me. I never liked 14 Regards
did you try RSI(2) ? Those levels don't apply to this one, but it's good for scalping as it shows tops/bottoms pretty nicely.. Downside, is in running markets it can drag you for a while (fakes), just like anything else..
  • #892,788
  • Apr 27, 2014 9:43am Apr 27, 2014 9:43am
Quoting Davit
{quote} Hi Attila After playing with different settings on RSI I settled on RSI 8 on daily chart giving most tradable signal to me. I never liked 14 If I had to choose 1 indicator out of all I'll take Bollinger Bands.Most under the radar indicator...combine with RSI 8 gives very good signals. Most traders don't understand role of indicators.Indicators only give high probability set ups but its never cold take every signal. One has to filter out use discretion.As everyone knows RSI can remain above 70 for prolonged period of time or BB can continuously...
The reason you like RSI(8) is because the fx market moves in series of 7.

edit: I am not using any indicators or overlays. Used to. Not for a long time now..
  • #892,789
  • Apr 27, 2014 9:49am Apr 27, 2014 9:49am
When I use indicators, they are only set to fibonacci numbers!
f(z)=z2+c
  • #892,790
  • Apr 27, 2014 9:50am Apr 27, 2014 9:50am
Quoting attila
{quote} The reason you like RSI(8) is because the fx market moves in series of 7.
In trading, you have to be defensive and aggressive at the same time
  • #892,791
  • Apr 27, 2014 9:52am Apr 27, 2014 9:52am
Quoting attila
{quote} Hey Magix, you're probably aware of these particularities of the RSI(14) levels.. But here they are.. RSI oscillating between: 25-30 and 60-65 --> bear 40-45 and 70-75 --> bull 40-45 and 60-65 --> consolidation/trend change alert.
I have used the RSI in a couple of triggering systems but typically prefer the derivative oscillator for applied RSI.

Meh...

Because of the TFs that I trade with, it is easier to view the histogram than is to work with the wavy line of the RSI.

Even in coding EAs, I have had better success with the DO than with the RSI.

I was only using his trade set up as an example of what can be done and applied to the larger TFs for a Swing Style EA for range.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #892,792
  • Apr 27, 2014 9:56am Apr 27, 2014 9:56am
Quoting Magix
{quote} I have used the RSI in a couple of triggering systems but typically prefer the derivative oscillator for applied RSI. Meh... Because of the TFs that I trade with, it is easier to view the histogram than is to work with the wavy line of the RSI. Even in coding EAs, I have had better success with the DO than with the RSI. I was only using his trade set up as an example of what can be done and applied to the larger TFs for a Swing Style EA for range.
Hi Magix
Do you trade longer TF like daily or just m1
I thought you may have 2 accounts 1 for scalping 1 for swing
regards
In trading, you have to be defensive and aggressive at the same time
  • #892,793
  • Apr 27, 2014 9:57am Apr 27, 2014 9:57am
Quoting Davit
{quote} Hi Attila After playing with different settings on RSI I settled on RSI 8 on daily chart giving most tradable signal to me. I never liked 14 If I had to choose 1 indicator out of all I'll take Bollinger Bands.Most under the radar indicator...combine with RSI 8 gives very good signals. Most traders don't understand role of indicators.Indicators only give high probability set ups but its never cold take every signal. One has to filter out use discretion.As everyone knows RSI can remain above 70 for prolonged period of time or BB can continuously...
With just a quick chart review of the RSI 8 and Default Bollies...

If I was to recreate this, I would say:

If RSI8>70 &&IHigh<UpperBB ->sell.
If RSI8<30&&ILow>Lower BB ->buy....

There'd be a little more to it...but that'd seemingly be the fit.
Overbought on RSI but cannot break above the bollies.
Oversold on RSI but cannot break below the bollies...

Maybe for shitz n gigglez, I can giver a whirl...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #892,794
  • Apr 27, 2014 9:59am Apr 27, 2014 9:59am
Quoting Davit
{quote} Hi Magix Do you trade longer TF like daily or just m1 I thought you may have 2 accounts 1 for scalping 1 for swing regards
I do take longer term trades, but typically keep to the M1s.

As far as a Dedicated Account, I have one for EAs alone, others for active manual/mixed trading.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #892,795
  • Apr 27, 2014 9:59am Apr 27, 2014 9:59am
Quoting Magix
{quote} With just a quick chart review of the RSI 8 and Default Bollies... If I was to recreate this, I would say: If RSI8>70 &&IHigh<UpperBB ->sell. If RSI8<30&&ILow>Lower BB ->buy.... There'd be a little more to it...but that'd seemingly be the fit. Overbought on RSI but cannot break above the bollies. Oversold on RSI but cannot break below the bollies... Maybe for shitz n gigglez, I can giver a whirl...
I use 2 BB bands 2nd and 3rd deviations
price must be inside 2nd and 3rd rsi 70 or 30
In trading, you have to be defensive and aggressive at the same time
  • #892,796
  • Apr 27, 2014 10:01am Apr 27, 2014 10:01am
Quoting Magix
{quote} I do take longer term trades, but typically keep to the M1s. As far as a Dedicated Account, I have one for EAs alone, others for active manual/mixed trading.
I have 2 accounts and may use 1 for shorter TF
Sometimes things gets boring waiting...like whole week on EU

BB RSI system I use best suitable in range trading.Unlike lot of traders I love range and avoid strong trending pairs.To me BB works beautifully on pairs that often range like EU GU NU
So I curve fit my trading style to fit my system.Most do it other way around...
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #892,797
  • Apr 27, 2014 10:09am Apr 27, 2014 10:09am
Quoting Davit
{quote} I use 2 BB bands 2nd and 3rd deviations price must be inside 2nd and 3rd rsi 70 or 30
Not exactly sure whatcha mean by deviations...

But if you want, PM me the details, I'm sure I can whip it into something...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #892,798
  • Apr 27, 2014 10:11am Apr 27, 2014 10:11am
Quoting Davit
{quote} I have 2 accounts and may use 1 for shorter TF Sometimes things gets boring waiting...like whole week on EU BB RSI system I use best suitable in range trading.Unlike lot of traders I love range and avoid strong trending pairs.To me BB works beautifully on pairs that often range like EU GU NU So I curve fit my trading style to fit my system.Most do it other way around...
My best BB EA was:
If Close[1]<Open[1]&&Close[1]>UpperBB ->sell
If Close[1]>Open[1]&&Close[1]<LowerBB ->buy

Default BB
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #892,799
  • Edited 10:26am Apr 27, 2014 10:14am | Edited 10:26am
Quoting Magix
{quote} Not exactly sure whatcha mean by deviations... But if you want, PM me the details, I'm sure I can whip it into something...
I think default is 1 which gives poor signals...on daily chart
Reason this system can't be used automated because there is still discretion.Not all signals are tradable. M1 on default never tried so I can't say.Looks good.Its interesting that your EA did not sell from 3837 where it spiked up.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #892,800
  • Apr 27, 2014 10:37am Apr 27, 2014 10:37am
Quoting Davit
{quote} I think default is 1 which gives poor signals...on daily chart Reason this system can't be used automated because there is still discretion.Not all signals are tradable. M1 on default never tried so I can't say.Looks good.Its interesting that your EA did not sell from 3837 where it spiked up. {image}
EA does what it is told, not what others think it should do...

Not based on the spike, more so based on the close vs open...

In both thinking about trade systems and coding, I think of it as instructions for an EA.

If Close[1]<Open[1] <-Bear Candle as the close is less than open.
If Close[1]>Open[1] <-Bull Candle as the close is greater than open.

Using this, I basically stated, that if there is a bear candle and the close was still greater than the upper BB, sell.

If you haven't worked with EAs, or coding, it can be a bit of a stretch to understand what they actually do and when they actually do it.

[1] <-Previous Candle
[0] <-Current Candle

This is where the war rages on with some coders and definitely most of the Newbies. We need to define a previous condition and then a current condition in order for something to happen, otherwise the trigger will continue to be valid while the condition exists, after profit has been taken or even if loss is triggered by a stop...

I code all to [2] and [1] so that it removes the chances of headfakes on whippy candles. This is something that easily happens with indicator based triggering systems on the M1 charts.

So, if 2 candles ago, price was above a moving average and the last candle closed below a moving average, take a sell...

If we had that as if the last candle was above a moving average and currently it is below, take a sell...price can move back and close above that same moving average, invalidating the signal, but the trade would still be triggered.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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