Disliked{quote} I had the same issue. Works fine at 240, but I tried 120 and everything disappeared.Ignored
240 is a 4-hour chart.
Carl
- #586
- Jun 18, 2014 10:19am Jun 18, 2014 10:19am
First of all, thank you very much everyone starting from eur, carl, madmoney, OD, you really are exceptional people.
That being said, I would like to say that probably ''system'' that is developing at the moment here is probably something different than eur has, and honestly after reading his other threads I would be dissapointed if it would be that plain simple.
Still, the idea of waiting for price to reach a point looks logical because price moves up and down in a closed range, but is inaffective due to the drawdown and time consumed, but the idea of introducing statistics that crodzilla added really could lead to something cool!
Back to eurs indi.. definitly is not on candles (like posted indicators), because there are more signals in a row, but obviously eur uses the lowest / highest, because all other signals will be reached also.. Next interesting thing I managed to spot is that our target is correlated weather the arrow is orange or yellow (bottom or top); orange- target is candels high, yellow- target is candels low. Also candle can be signalized with both yellow and orange arrow- interesting!
Determing where the price will go made me think it has something to do with similarity, but similarity was NEVER giving this much signals..But the idea how to trade it is obviously similar.. wait for price to move and then bet it will come back to the wanted level.. I must agree that the true secret is in the ''screen period'', because if we could crack that mistery, drawdown and entry points shouldn't be a problem..
Taking some time to think about it and hope that I will be able to add some value to both cracking eurs mistery and possibly building something in this teamwork project
Green pips to all
That being said, I would like to say that probably ''system'' that is developing at the moment here is probably something different than eur has, and honestly after reading his other threads I would be dissapointed if it would be that plain simple.
Still, the idea of waiting for price to reach a point looks logical because price moves up and down in a closed range, but is inaffective due to the drawdown and time consumed, but the idea of introducing statistics that crodzilla added really could lead to something cool!
Back to eurs indi.. definitly is not on candles (like posted indicators), because there are more signals in a row, but obviously eur uses the lowest / highest, because all other signals will be reached also.. Next interesting thing I managed to spot is that our target is correlated weather the arrow is orange or yellow (bottom or top); orange- target is candels high, yellow- target is candels low. Also candle can be signalized with both yellow and orange arrow- interesting!
Determing where the price will go made me think it has something to do with similarity, but similarity was NEVER giving this much signals..But the idea how to trade it is obviously similar.. wait for price to move and then bet it will come back to the wanted level.. I must agree that the true secret is in the ''screen period'', because if we could crack that mistery, drawdown and entry points shouldn't be a problem..
Taking some time to think about it and hope that I will be able to add some value to both cracking eurs mistery and possibly building something in this teamwork project
Green pips to all
- #599
- Edited 3:24am Jun 20, 2014 3:14am | Edited 3:24am
I have coded a hybrid indicator and expert advisor based on multimuis (http://forexfactory.com/multimuis) ideas. It uses FractalsDetector (http://forexfactory.com/showthread.php?t=481955) indicator to draw the lines. You can download it from the website of my profile (http://forexfactory.com/xux99). {image}
xux99,
Thank you for your Spolx EA. Your hard work and generosity in making this available for our use is very much appreciated.
If I could be permitted to give you some feedback of my limited experience of 1 day with the EA I would be happy to do so
with very positive intentions of helping to further improve an already very good product.
No EA is ever free of bugs when first introduced. I hope I do not irritate you in the process of trying to help to provide feedback.
So here goes!
I placed the EA on a number of charts and went through the various time periods from M5 to D1 to arrive at the best chart times
for the greatest profit with the smallest drawdowns. I found M30 to be about the best.
The EA shows default Entry Distance of 20 and Stop Loss of 20 but the results showed some Entries of 10 and Stop Loss of up
to 33 and these were entered into the EA.
With the EA on a Demo EJ chart The Indicator Mode was set to false. It straightaway triggered a Buy order at 138.721 and then
almost immediately closed it. The history shows Buy at _41:58 and Close at _42:04. Then straightaway a Sell order was opened
at _42:04.
All these took place although the nearest line above is 410 pips away and the nearest line below is 58 pips away. The Entry Distance
on the chart is shown as 10.
This sequence of events took place in EJ and EU. In the other 2 charts GA and GC there was an immediate opening of trades
although no lines were nearby.
I believe these are the normal teething problems of any new EA and hope that you will be able to find some time to further improve
your quality product which I foresee has great potential.
xux99 thank you once again and have a great weekend.
