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The similarity system

  • #5,261
  • Aug 12, 2014 11:57am Aug 12, 2014 11:57am
Quoting Robertk
{quote} How much longer will you actively put trades on your active TE? / how big of a sample will you aim for?
I can place a trade for large pips if i want to. but that is not the objective of this explorer. This explorer is focused on the money, whether it came through 1pip, 0.5 pips etc. I am just interested in WINS!!!!


I will not place another trade again till 12 hrs time. I am just waiting to close current position.
  • #5,262
  • Aug 12, 2014 12:10pm Aug 12, 2014 12:10pm
Quoting Eurusdd
{quote}I can place a trade for large pips if i want to. but that is not the objective of this explorer. This explorer is focused on the money, whether it came through 1pip, 0.5 pips etc. I am just interested in WINS!!!! I will not place another trade again till 12 hrs time. I am just waiting to close current position.
Does that mean that you think 1.3386 will be pushed with almost sure probability? I understand that it was a protect trade, but if you are looking towards a positive close of that trade, you must have a reason for price to pass again above 1.3386, right?
  • #5,263
  • Aug 12, 2014 12:22pm Aug 12, 2014 12:22pm
Quoting Eurusdd
{quote}I can place a trade for large pips if i want to. but that is not the objective of this explorer. This explorer is focused on the money, whether it came through 1pip, 0.5 pips etc. I am just interested in WINS!!!! I will not place another trade again till 12 hrs time. I am just waiting to close current position.
I understand that part, I just hope to see a large enough sample. Because personally I experience that 1 to 3 pips can be grabbed quite easily when you know what areas create good orderflow. The problem comes with your R:R however. You state a max SL of 10 pips. That still means you have to win at least 6 trades with an average of 2 pips in order to reach profit. If you have a large enough sample I guess this wouldnt be that much of a flaw.
  • #5,264
  • Aug 12, 2014 2:41pm Aug 12, 2014 2:41pm
Quoting Robertk
{quote} I understand that part, I just hope to see a large enough sample. Because personally I experience that 1 to 3 pips can be grabbed quite easily when you know what areas create good orderflow. The problem comes with your R:R however. You state a max SL of 10 pips. That still means you have to win at least 6 trades with an average of 2 pips in order to reach profit. If you have a large enough sample I guess this wouldnt be that much of a flaw.
Many people say that it is EASY to get 1 to 3 pips, but actually it isnīt. Not to mention you mentioned ORDERFLOW.... and the reality is no one can predict order flow, much less know which range it is in. If EURUSD is able to get 3 pips without ever losing 10 pips, then that R:R isnīt as nearly important as his REAL R:R His real R:R (directly related to PIP-DRAWDOWN) is one of the key stats that a thread should focus on.

EURUSD R:R could be 3:1 or even 10:1 but the most important stat is how many pips is he actually giving to the market before he closes the position for profit,loss, or break even. He could have an expected R:R of 3:1 but have a REAL R:R of 1:6 which is OUT OF THIS WORLD!



I think we as a group should take the time to break down trade explorer more to understand how the numbers reveal how accurate a system actually is.
Banks scalp, why don't you?
  • #5,265
  • Aug 12, 2014 3:07pm Aug 12, 2014 3:07pm
I just sold to hedge my buy position. It is not a trade based on analysis. I am away from market!!!
  • #5,266
  • Aug 12, 2014 3:15pm Aug 12, 2014 3:15pm
Quoting CholiPop
{quote} Many people say that it is EASY to get 1 to 3 pips, but actually it isnīt. Not to mention you mentioned ORDERFLOW.... and the reality is no one can predict order flow, much less know which range it is in. If EURUSD is able to get 3 pips without ever losing 10 pips, then that R:R isnīt as nearly important as his REAL R:R His real R:R (directly related to PIP-DRAWDOWN) is one of the key stats that a thread should focus on. EURUSD R:R could be 3:1 or even 10:1 but the most important stat is how many pips is he actually giving to the market...
As Above, So Below
  • #5,267
  • Aug 12, 2014 3:33pm Aug 12, 2014 3:33pm
I notice you use 0.1 pip on 4K account. At what point do you increase your volume generally? Is it when you are in green already?
If you fall, I shall be there. - The floor
  • #5,268
  • Aug 12, 2014 4:39pm Aug 12, 2014 4:39pm
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 20 KB
14 hrs just ended. Look at where eurusd close. 1.3369.....
  • #5,269
  • Aug 12, 2014 4:49pm Aug 12, 2014 4:49pm
Quoting Eurusdd
{image}14 hrs just ended. Look at where eurusd close. 1.3369.....
what do you mean "important condition"
  • #5,270
  • Aug 12, 2014 4:58pm Aug 12, 2014 4:58pm
Price movement and closing probabilities going forward.!!!

1.34340 = 0.02

1.33900 = 0.36

1.33686 = 1.00

1.33495 = 0.85

1.33382 = 0.75

What do these numbers mean?
At the time the numbers were calculated the current price always has probability 1. To have an idea of where price will go, One has to look at other price levels above or below the current one. It is clear that price levels below 1.33686 have higher probabilities. Therefore, I will call Ranging-market with inclination towards down for EURUSD(If you are buying, be careful and keep your eyes on those numbers).
There is a minor problem at 1.33465!!!
  • #5,271
  • Aug 12, 2014 5:13pm Aug 12, 2014 5:13pm
Quoting Eurusdd
Price movement and closing probabilities going forward.!!! 1.34340 = 0.02 1.33900 = 0.36 1.33686 = 1.00 1.33495 = 0.85 1.33382 = 0.75 What do these numbers mean? At the time the numbers were calculated the current price always has probability 1. To have an idea of where price will go, One has to look at other price levels above or below the current one. It is clear that price levels below 1.33686 have higher probabilities. Therefore, I will call Ranging-market with inclination towards down for EURUSD(If you are buying, be careful and keep your eyes...
ITS QUITE IMPRESSIVE...

  • #5,272
  • Aug 12, 2014 5:18pm Aug 12, 2014 5:18pm
We can organize ideas, with some beginning to understand more.
We are seeing an algorithm that informs us of errors in the market.
These errors are detected with the 2 previous candles.
The algorithm produces a signal, like zigzag or semaph, but these indicators are not involved.
From the beginning, eurusdd taught us techniques with cycle indicator.
Inflexion points of TF can be calculated, taking the cycle properly configured in low TF ?.
Inflection points having various configurations of "cycle" can be detected in the same TF?
  • #5,273
  • Edited 6:14pm Aug 12, 2014 5:41pm | Edited 6:14pm
1HR
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Click to Enlarge Name: 11a.PNG Size: 92 KB


30MIN
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Similarity
  • #5,274
  • Aug 12, 2014 5:47pm Aug 12, 2014 5:47pm
Quoting burnssss
We can organize ideas, with some beginning to understand more. We are seeing an algorithm that informs us of errors in the market. These errors are detected with the 2 previous candles. The algorithm produces a signal, like zigzag or semaph, but these indicators are not involved. From the beginning, eurusdd taught us techniques with cycle indicator. Inflexion points of TF can be calculated, taking the cycle properly configured in low TF ?. Inflection points having various configurations of "cycle" can be detected in the same TF?
Hi,
here is an amateur first attempt of the (omega) indicator for your consideration. In this incarnation it derives from the Fractals indicator. It can probably be improved by the more experienced mt4 coders. It may also be straight out wrong, so be careful! It is also clear that this poor attempt appears to capture only a fraction of clear market manipulations...
Finally: I think that the view of the market caused by the success of the similarity approach is much more revealing than any particular indicator.
Cheers,
kprsa
Attached File(s)
File Type: mq4 FractalDivergence.mq4   4 KB | 893 downloads
  • #5,275
  • Aug 12, 2014 5:54pm Aug 12, 2014 5:54pm
Quoting Eurusdd
{image}
Is that 1.3374 where the white arrow is pointing down from?
  • #5,276
  • Aug 12, 2014 6:31pm Aug 12, 2014 6:31pm
Quoting kprsa
{quote} Hi, here is an amateur first attempt of the (omega) indicator for your consideration. In this incarnation it derives from the Fractals indicator. It can probably be improved by the more experienced mt4 coders. It may also be straight out wrong, so be careful! It is also clear that this poor attempt appears to capture only a fraction of clear market manipulations... Finally: I think that the view of the market caused by the success of the similarity approach is much more revealing than any particular indicator. Cheers, kprsa {file}
pardon my ignorance, but how is this indicator different from the the default fractal indicator in mt4???
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 36 KB
  • #5,277
  • Edited 8:35pm Aug 12, 2014 8:25pm | Edited 8:35pm
Quoting Eurusdd
1HR {image} 30MIN {image} Similarity
Nice picture .... i will look at it ... Thanks Eurusdd
  • #5,278
  • Aug 12, 2014 8:27pm Aug 12, 2014 8:27pm
Quoting Baillie
{quote} Is that 1.3374 where the white arrow is pointing down from?
Thanks Baillie, i think you are right ...
  • #5,279
  • Aug 12, 2014 8:50pm Aug 12, 2014 8:50pm
Quoting tbird2121
{quote} Thanks Baillie, i think you are right ...
Thanks, if it is a relevant number I am early to the party by 10 pips + I did not wait for my system to give me the go ahead just yet. I was preempting it based upon price action.
  • #5,280
  • Aug 12, 2014 9:03pm Aug 12, 2014 9:03pm
Has anyone had pretty good success trading this system on the 1m tf?
Banks scalp, why don't you?
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