The similarity system | Page 316 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Similarity: A Practical Approach 859 replies

Similarity Trading - The ZZBB Method 215 replies

Rainbow similarity 256 replies

Similarity Stuff 17 replies

Directional Similarity 0 replies

Attachments: The similarity system
Exit Attachments

The similarity system

  • #6,301
  • Aug 20, 2014 4:02am Aug 20, 2014 4:02am
@eurusd im trading without stop loss now. I think one needs to master the art of trading transient and recurrent zones without stops in and out to be highly profitable. hedge comes in when you become unsure of direction. i would only close a bad trade when i am sure i got the trade wrong.

master @eurusd i really appreciate what you have done for us all $$$$$$$
  • #6,302
  • Aug 20, 2014 4:03am Aug 20, 2014 4:03am
i agree with you. and im long right now. But if we go below 1.3284 im shorting. till the next bottom before long again.

Quoting feline207
{quote} By the moment we have found our bottom, price is going to be reaching up.. Why look after the fact. Edit: look at gbpusd
  • #6,303
  • Aug 20, 2014 4:05am Aug 20, 2014 4:05am
Quoting ephisi
@eurusd im trading without stop loss now. I think one needs to master the art of trading transient and recurrent zones without stops in and out to be highly profitable. hedge comes in when you become unsure of direction. i would only close a bad trade when i am sure i got the trade wrong. master @eurusd i really appreciate what you have done for us all $$$$$$$
Me too!!
  • #6,304
  • Aug 20, 2014 4:09am Aug 20, 2014 4:09am
awesome stuff price never moves in a straight line
Quoting josh11
{quote} Me too!!
  • #6,305
  • Aug 20, 2014 4:10am Aug 20, 2014 4:10am
Small short from 1.33010 here. Personally I think this can drop some further before a decent bounce happens.
  • #6,306
  • Aug 20, 2014 4:13am Aug 20, 2014 4:13am
price leads, we follow.
Quoting Robertk
Small short from 1.33010 here. Personally I think this can drop some further before a decent bounce happens.
  • #6,307
  • Aug 20, 2014 4:13am Aug 20, 2014 4:13am
Can we apply recurrent / transient price to a simple ma 30 for example.

Price are transient when touch the Ma, and recurrent when above or under the MA.

What does that mean for our trading?
Bottomless wonders spring from simple rules, which are repeated without end
  • #6,308
  • Edited 4:29am Aug 20, 2014 4:17am | Edited 4:29am
Attached is new version of indicator called Transient_Zones (it replaces the prior one I loaded called Fractal_Zones). It seems more appropriately named now as it’s been improved to identify not just the transient zones (TZs) at fractal highs/lows but those that form inter-bar.

Attached File(s)
File Type: ex4 Transient_Zones.ex4   24 KB | 2,406 downloads


It now also works real-time and fixes the issue where the zones disappeared on open of next bar – so all history is kept on the chart now.

Identifies Developing/Potential Transient Zones

I’ve also added a main new feature that highlights the “potential” transient zones (PTZ) that are developing in real-time. For example, if H=10 then for the conditions of a TZ to be totally fulfilled we need 10 bars either side of a bar to not trade in a particular area for it to be marked as a TZ. Therefore for the current/recent bars we cannot know that an area is a TZ until 10 bars AFTER the event. However, we do know if a bar has the “potential” to become one (a PTZ) if it has for example, fulfilled the conditions for the left-hand side (yellow zone) but we are waiting for the remaining H bars to come in to ascertain if it will become a genuine TZ rather than just a PTZ!

I have shown these developing zones in “Orange” which appear/disappear in reaction to the real-time bars as they come in. It alerts traders to the fact that a TZ maybe developing but that it may be rejected too dependent on the future price action within the remaining H period. Please note, creating/tracking the orange zones in real-time is problematic at the moment and needs to be refined. I’ve not got the logic 100% complete yet but wanted to get this version out as I know people are waiting on the other features I’ve added (particularly the inter-bar TZs). If you want to turn off the Developing Zone feature you can do so by changing the default for the DevelopingZone parameter from “Orange” to “None”.

There are a few other minor features added which are more obvious to understand.

Hope you all find it useful and let me know if there are any questions/issues. Enjoy - and hope it proves profitable, though for me I'm now going to spend time trying to get to grips with how to trade these TZs with money management built in, etc.

PS. Sorry, but I can’t individually reply to all the loads of private messages people have sent regarding the indicator (it was very popular, thanks for those that subscribed to me too ); please post in the open Forum unless there is a very good reason to discuss something privately. Don’t think there was anything said via PM that was not mentioned on the forum anyway.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #6,309
  • Edited 4:32am Aug 20, 2014 4:21am | Edited 4:32am
From my own style of trading i have observed that the zones coincide with my pivots and mas on all time frames most times. so i would say a yes and no depends on how you combine the principle with your own trading strategy. when the zones coincide with your mas then your strategy works better. the recurrent transient principle has greatly refined my entries and exits. most times i dont get more that 2pip drawdown @ eurusdd would know better anyway.
EDITED POST

Quoting limprobable
Can we apply recurrent / transient price to a simple ma 30 for example. Price are transient when touch the Ma, and recurrent when above or under the MA. What does that mean for our trading?
  • #6,310
  • Aug 20, 2014 4:27am Aug 20, 2014 4:27am
Quoting Freefox
Attached is new version of indicator called Transient_Zones (it replaces the prior one I loaded called Fractal_Zones). It seems more appropriately named now as it’s been improved to identify not just the transient zones (TZs) at fractal highs/lows but those that form inter-bar. {file} It now also works real-time and fixes the issue where the zones disappeared on open of next bar – so all history is kept on the chart now. Identifies Developing/Potential Transient Zones I’ve also added a main new feature that highlights the “potential” transient zones...
Hi FreeFox, Thanks for the indi.
Would you please make comment at top left deleted when indicator deleted from chart Thanks
  • #6,311
  • Aug 20, 2014 4:31am Aug 20, 2014 4:31am
Quoting Rockerzeus
{quote} Hi FreeFox, Thanks for the indi. Would you please make comment at top left deleted when indicator deleted from chart Thanks

No problem, will add that to any future release.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #6,312
  • Aug 20, 2014 4:33am Aug 20, 2014 4:33am
Quoting Freefox
Attached is new version of indicator called Transient_Zones (it replaces the prior one I loaded called Fractal_Zones). It seems more appropriately named now as it’s been improved to identify not just the transient zones (TZs) at fractal highs/lows but those that form inter-bar. {file} It now also works real-time and fixes the issue where the zones disappeared on open of next bar – so all history is kept on the chart now. Identifies Developing/Potential Transient Zones I’ve also added a main new feature that highlights the “potential” transient zones...

Are you sharing the code as well instead of executable file? It will be good to disect it... :-)
If you fall, I shall be there. - The floor
  • #6,313
  • Aug 20, 2014 4:33am Aug 20, 2014 4:33am
Quoting Freefox
Attached is new version of indicator called Transient_Zones (it replaces the prior one I loaded called Fractal_Zones). It seems more appropriately named now as it’s been improved to identify not just the transient zones (TZs) at fractal highs/lows but those that form inter-bar. {file} It now also works real-time and fixes the issue where the zones disappeared on open of next bar – so all history is kept on the chart now. Identifies Developing/Potential Transient Zones I’ve also added a main new feature that highlights the “potential” transient zones...
Many thanks Freefox
  • #6,314
  • Aug 20, 2014 4:33am Aug 20, 2014 4:33am
Quoting LiquidGenius
{quote} I'm using this one: http://www.forexfactory.com/showthread.php?p=7682396#post7682396 Although I don't have much use for the statistics or the channel; I mostly just use to spot the fractals
Thank you for the reply... If nothing else i can try using it as target or something like that :-)

I will try to make an EA out of this strategy when i have time and i will share it when i make it work properly.

If the OP doesn't have any problem with that of course :-)

Have a nice one,

Emil
  • #6,315
  • Aug 20, 2014 4:41am Aug 20, 2014 4:41am
Quoting burnssss
{quote} Very interesting Liquidgenius, Can you explain a little more. Any part does not fit me, may be for my lack of understanding. thank you very much
I think maybe to help clarify, I will go over some questions that I thought, and this can help you generate some questions on your own and dig deep.

How large is the average T-zone?
What's the likelihood of the total T-zone being met?
If a T-zone is particularly big, is it more likely to become fully transient?
How many times will a recurrent bar be passed through in an x(variable) or h(as is stated in the thread) period of time?

Note that these questions will only get you so far, but IMO they are great for helping you learn more about them. At some point you have to great creative and really read the posts that eurusdd has put out. You can take the knowledge that this thread provides and incorporate it into your strategy as many people have, or if you choose the more daring route of trying to get 100% accuracy, you should probably meditate on the propositions and watch how price moves through recurrent bars. Large price movements definitely seem to move with purpose; as if they're trying to reach a certain number, and doing with good timing.
"Mrrraggglhlhghghlgh"
  • #6,316
  • Aug 20, 2014 4:42am Aug 20, 2014 4:42am
Quoting phdmonster
{quote} Thank you for the reply... If nothing else i can try using it as target or something like that :-) I will try to make an EA out of this strategy when i have time and i will share it when i make it work properly. If the OP doesn't have any problem with that of course :-) Have a nice one, Emil
As far as I know there was never a set of rules so I'm curious to see how that would turn out..
"Mrrraggglhlhghghlgh"
  • #6,317
  • Aug 20, 2014 4:42am Aug 20, 2014 4:42am
Quoting Freefox
Attached is new version of indicator called Transient_Zones
Many thanks
Bottomless wonders spring from simple rules, which are repeated without end
  • #6,318
  • Aug 20, 2014 4:45am Aug 20, 2014 4:45am
Quoting Freefox
Attached is new version of indicator called Transient_Zones (it replaces the prior one I loaded called Fractal_Zones). It seems more appropriately named now as it’s been improved to identify not just the transient zones (TZs) at fractal highs/lows but those that form inter-bar. {file} It now also works real-time and fixes the issue where the zones disappeared on open of next bar – so all history is kept on the chart now. Identifies Developing/Potential Transient Zones I’ve also added a main new feature that highlights the “potential” transient zones...
Thanks for the indi!
Pivot Boss in the making~
  • #6,319
  • Aug 20, 2014 4:45am Aug 20, 2014 4:45am
Well, rightly or wrongly I've just taken a scalp short cos my system says so and currency strength meter agrees.
  • #6,320
  • Aug 20, 2014 4:55am Aug 20, 2014 4:55am
same here.

Quoting handy148
Well, rightly or wrongly I've just taken a scalp short cos my system says so and currency strength meter agrees.
10 traders viewing now