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Davit's BB Wave System

  • #581
  • Aug 18, 2014 1:18am Aug 18, 2014 1:18am
Quoting Kmw
Well that's confirming for me, I'm already in EG short. First trade this method (demo)and don't ask me what I'm doing cause I still don't know much which is why the demo and 0.01 lot
Hi Kmw

Nothing wrong with demo trading or trading 0.01 lots when learning about a system

BUT

Most people fool around and dont take it seriously when there is no real money on the line so try and focus on the demo trading like it is real money

Think to yourself what would I feel like if I was up $10 or down $1000 and work through your pain and emotion so that once you trade real money you have good idea of whats what in your emotions
We miss 100% of the shots we don't take
  • #582
  • Edited 4:58am Aug 18, 2014 2:34am | Edited 4:58am
thanks guys, I've brought my stop at break even now with this pair, That X factor is always the unknown. I have another trade going GU long currently up a few pips, targeting 16 and the stop is set at 10. That trades on ctrader. Just trying to compare tween mt4 and Ctrader. Trying to stay of that close trade button in both as I've got to learn to let those profits run.

One fella's coded Raghee Horner"s indicators for Ctrader. I found the indicators there this morning, don't quite look the same but it's okay far as I can see. (jumped out of this one, counter trend and looked shaky, +3 pips on it)

Holding GU. (No I'm not, tightened stops and got taken out) +1.16
Attached Image (click to enlarge)
Click to Enlarge Name: ctrade.png Size: 48 KB
"You know what needs to be addressed , completely completely reverse that".
  • #583
  • Aug 18, 2014 3:01am Aug 18, 2014 3:01am
Hi Dav, I will try your system... I have finished setup on my MT4. Thanks for sharing

I'am try to buy NU ...
Attached Image (click to enlarge)
Click to Enlarge Name: NU.jpg Size: 249 KB
  • #584
  • Aug 18, 2014 3:39am Aug 18, 2014 3:39am
@ Davit + Thodie , my 1st EA trade [live] = http://screencast.com/t/SXfhNWVCzS
  • #585
  • Aug 18, 2014 4:01am Aug 18, 2014 4:01am
Quoting pips777
@ Davit + Thodie , my 1st EA trade [live] = http://screencast.com/t/SXfhNWVCzS
=======
triggered on da M30 chart by mistake , i'll leave it Runnin --- C whut happen lol = its in Green atm
  • #586
  • Aug 18, 2014 4:21am Aug 18, 2014 4:21am
Quoting pips777
{quote} ======= triggered on da M30 chart by mistake , i'll leave it Runnin --- C whut happen lol = its in Green atm
in worst case it closes in a loss, the Exittriggers ignore if there is profit or loss, they close. Thats why the account will survive with ot without martingailing...

2 trades so far on my account

long GBP/CHF
long EUR/CHF

i backtest it on the 4h chart too, much more profit but much more DD, i would NOT recommend to trade this system (the Countertrend) ond 4h Chart manually.
stick to davit´s rules and you´ll be fine if there are no fundamental changes. So keep an eye out.

You can also use this EA just for a "scount" position with 0.01s lot - by setting the maximum allowed level to 1.
and trade it manual, in this way you don´t have to watch 28 pairs - if a scout is opened - watch the pair, look at the last data, and step in or leave it.
Attached Image (click to enlarge)
Click to Enlarge Name: BB_Wave.PNG Size: 9 KB
just do it
  • #587
  • Aug 18, 2014 4:27am Aug 18, 2014 4:27am
Quoting thodie
{quote} in worst case it closes in a loss, the Exittriggers ignore if there is profit or loss, they close. Thats why the account will survive with ot without martingailing... 2 trades so far on my account long GBP/CHF long EUR/CHF i backtest it on the 4h chart too, much more profit but much more DD, i would NOT recommend to trade this system (the Countertrend) ond 4h Chart manually. stick to davit´s rules and you´ll be fine if there are no fundamental changes. So keep an eye out. You can also use this EA just for a "scount" position with 0.01s lot...
=======
k m8 = thanks !
  • #588
  • Aug 18, 2014 5:22am Aug 18, 2014 5:22am
Quoting thodie
{quote} in worst case it closes in a loss, the Exittriggers ignore if there is profit or loss, they close. Thats why the account will survive with ot without martingailing... 2 trades so far on my account long GBP/CHF long EUR/CHF i backtest it on the 4h chart too, much more profit but much more DD, i would NOT recommend to trade this system (the Countertrend) ond 4h Chart manually. stick to davit´s rules and you´ll be fine if there are no fundamental changes. So keep an eye out. You can also use this EA just for a "scount" position with 0.01s lot...
=======
these 2 trades still from last fri. right = http://screencast.com/t/WpfGWeVkIRX

sorry , u opened it 2day --- i better take a Power Nap
  • #589
  • Edited 6:09am Aug 18, 2014 5:40am | Edited 6:09am
Hi Davit, All

This is nothing new.

I noticed that the present template has Raghee's 34emas for H,L,C calculated 12 times, the standard deviation twice and and 20 SMA twice for every tick on each pair when each should be calculated once per tick. That's a lot of wasted cpu cycles.
Attached is the indi name DWave v1 which does the same, without the CPU overhead of redundant calculations, with some additional capabilities.

The first one shows the band as the original.
The Second one shows Extreme Points of two and three STDevs --> ShowBands=False.

Hope it helps.

Cheers

Pat

DWave file goes to MQL indicator folder. Save and Restart MT4.
Save the Template on the desktop. Go to Mt4. Click on Templates >Load and look for #Dwave on the desktop.
Once done save template in MT4.

The News, ADR and Mag Price indis should be in your Indi folder.

Let me know if there are issues. Did this over the weekend with markets closed so check for accuracy.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily 1.png Size: 61 KB
Click to Enlarge Name: gbpusddaily 2.png Size: 54 KB
Attached File(s)
File Type: ex4 DWave_v1.ex4   18 KB | 755 downloads
File Type: tpl #dwave.tpl   10 KB | 683 downloads
  • #590
  • Aug 18, 2014 5:56am Aug 18, 2014 5:56am
Quoting pips777
{quote} ======= these 2 trades still from last fri. right = http://screencast.com/t/WpfGWeVkIRX sorry , u opened it 2day --- i better take a Power Nap
just do it
  • #591
  • Aug 18, 2014 7:51am Aug 18, 2014 7:51am
Quoting Pat1
Hi Davit, All This is nothing new. I noticed that the present template has Raghee's 34emas for H,L,C calculated 12 times, the standard deviation twice and and 20 SMA twice for every tick on each pair when each should be calculated once per tick. That's a lot of wasted cpu cycles. Attached is the indi name DWave v1 which does the same, without the CPU overhead of redundant calculations, with some additional capabilities. The first one shows the band as the original. The Second one shows Extreme Points of two and three STDevs --> ShowBands=False....
=======
some additional capabilities. = like ?
  • #592
  • Aug 18, 2014 8:09am Aug 18, 2014 8:09am
http://screencast.com/t/cSLJH2jSGyBZ = @1297.97
  • #593
  • Aug 18, 2014 8:38am Aug 18, 2014 8:38am
Quoting pips777
http://screencast.com/t/cSLJH2jSGyBZ = @1297.97

Hi all, thanks for sharing!
To understand "better": is not too early @1297.97
Thanks for reply.
  • #594
  • Aug 18, 2014 9:23am Aug 18, 2014 9:23am
Quoting Rooi
Morning all Flattend 2/3rds of my GU from last week for a profit.Still have one open position .....
I will start adding back into my long from where the gap will close IF we get there
We miss 100% of the shots we don't take
  • #595
  • Edited 10:16am Aug 18, 2014 9:38am | Edited 10:16am
Quoting Pat1
Hi Davit, All This is nothing new. I noticed that the present template has Raghee's 34emas for H,L,C calculated 12 times, the standard deviation twice and and 20 SMA twice for every tick on each pair when each should be calculated once per tick. That's a lot of wasted cpu cycles. Attached is the indi name DWave v1 which does the same, without the CPU overhead of redundant calculations, with some additional capabilities. The first one shows the band as the original. The Second one shows Extreme Points of two and three STDevs --> ShowBands=False....
Hi Pat, grabbed it and compared it to Raghee's, looks the same to me other than a yellow added to the black (for want of a better name) sliders on the candles. If it's less of a resource hog then I'm all for it thanks

I added a regression channel to Raghee's/Davit's version which gives me a better idea of trend. You will see I have a trade running demo on this pair I took on the basis of that indicator. It is telling me this pair's on the way down. I'm picking as the channel is indicating trend down the candles will fall to the bottom of the channel. It will be a massive trade for me if my theory works.

I-Regr is mentioned in page 13/14 of this thread, there-a-bouts anyway. I saw it, grabbed it and understood it right away

I've taken the BBs off Raghees as I've never been able to understand them properly, to me the I-Regr is much easier. Probably doing the same with D-wave sorry Pat, now where's that man running away emoticon EDIT, I see you included a bands of feature, Thanks Pat. But that leaves artifacts or are they boxes on the charts? I'll post one now to show what I mean

By the way Raghee has started her own thread in commercial if anyone hasn't seen her around yet. http://www.forexfactory.com/showthread.php?t=492080

Trust no one minds the link to her thread, she has posted a few video's there. Don't want to tread on anyones toes after all it was this thread of Davit's that taught me about this method of trading
Attached Image(s) (click to enlarge)
Click to Enlarge Name: d-wave.png Size: 77 KB
Click to Enlarge Name: dwaveart.png Size: 63 KB
"You know what needs to be addressed , completely completely reverse that".
  • #596
  • Aug 18, 2014 9:41am Aug 18, 2014 9:41am
Quoting Davit
short EG 8003 2x Pound is starting to get stronger and this could sent EG back 100+pips RSI and WR% pointing down plenty of room to 50 level Edit added 2more at 8005 4orders total {image}
closed all EG shorts at 7992
+45pips

EU went back to previous strong support at 3360 and very likely bounce again so getting out.
In trading, you have to be defensive and aggressive at the same time
  • #597
  • Edited 10:11am Aug 18, 2014 9:52am | Edited 10:11am
Quoting Pat1
Hi Davit, All This is nothing new. I noticed that the present template has Raghee's 34emas for H,L,C calculated 12 times, the standard deviation twice and and 20 SMA twice for every tick on each pair when each should be calculated once per tick. That's a lot of wasted cpu cycles. Attached is the indi name DWave v1 which does the same, without the CPU overhead of redundant calculations, with some additional capabilities. The first one shows the band as the original. The Second one shows Extreme Points of two and three STDevs --> ShowBands=False....
Hi Pat
Thanks for your inputs.As far as this being new I already stated on my 1st page source where ideas came from so be default I didn't claim it was new furthermore hardly anything is new in trading.Everything is pretty much recycling old ideas.Difference is seeing the nuances of live market and practicing sound trading principles.Having said this I have not seen 2BB combination with WAVE before. Horner is using CCI and trades on lower time frame.I am using RSI with WR% and higher TF with 2 BB. Even Horner's wave is nothing new Vegas system is using same idea therefore even her idea is not new....
I believe unique combination of my set up is new.

Regards
In trading, you have to be defensive and aggressive at the same time
  • #598
  • Aug 18, 2014 9:52am Aug 18, 2014 9:52am
UJ Short @ 102.58 TP 102.30 SL 103.08

waiting for EU to bounce again and hopefully EG does too so I can sell it again.

EC and GU running from friday with BE placed.
  • #599
  • Aug 18, 2014 10:06am Aug 18, 2014 10:06am
Quoting mahooo
Hi Dav, I will try your system... I have finished setup on my MT4. Thanks for sharing I'am try to buy NU ... {image}
Based on my system its either Sell or stay on sidelines for better LONG opertunity.
RSI WR% pointing down
Below WAVE
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.Daily.png Size: 53 KB
In trading, you have to be defensive and aggressive at the same time
  • #600
  • Edited 11:09am Aug 18, 2014 10:08am | Edited 11:09am
Quoting mmete
{quote} Hi all, thanks for sharing! To understand "better": is not too early @1297.97 Thanks for reply.
=======
no , im in Profits$ atm , TP1 or BE @1299.97
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