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Attachments: BO System? Here is "The Italian jOB"
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BO System? Here is "The Italian jOB"

  • Post #21
  • Quote
  • Edited 7:20pm Aug 30, 2014 6:55pm | Edited 7:20pm
Respectfully, I have tried to add different oscillators to the same subgraph with no luck. I know how to do it on MT4, the problem is since each oscillator operates on a fixed scale, so as you try to back test the lines move.

For instance, if during live trading, say a stoch & rsi cross, mark that cross and see what happens to it in the future. Once in a while the cross holds up, however most of the time the cross will be at a different candle on historical charts.

If this is unclear, try this:
• Put 3 oscillators on the same subgraph
• Add 0, or center line to each
• Now begin scrolling back through history and watch these centerlines move around in relation to one another

If you have found a way around this please let me know.

Thanks,
Darryl
Quoting diamonddbw
Respectfully, I have tried to add different oscillators to the same subgraph with no luck. I know how to do it on MT4, the problem is since each oscillator operates on a fixed scale, so as you try to back test the lines move. For instance, if during live trading, say a stoch & rsi cross, mark that cross and see what happens to it in the future. Once in a while the cross holds up, however most of the time the cross will be at a different candle on historical charts. If this is unclear, try this: • Put 3 oscillators on the same subgraph • Add 0, or...
Hi daimonddbw, thanks for your post. I pleased about your post so we can remove any doubt to anyone. (Hoping that my English is understandable.)

I perfectly understand what you mean but I can assure you that this is not the case as you described for the simple reasons that soon you'll understand.

I have experienced exactly what you're saying on oscillators pairs/combo such as OBV with HPoscillator, or even one of these two with any stochastic or yet others. The result that is obtained is exactly what you described. In fact what you say happens because on these types of oscillators (stochastic and rsi excluded), if now the maximum level is 200 (for example), tomorrow may reach 250, then the graph line is suitable because it is not a line fixed(like every stoch) but a moving line.

In my strategy, we have oscillators that work together in the same way. When they reach the maximum or minimum levels (zero, 100), they remain at these maximum and minimum levels continually banging on them. For example, if today at 9pm my 5,5,1 stochastic is at its maximum, if I return in a month to look at the same situations, I still find the stochastic at the same level.

Look at these examples:

Stoch 12,3,3 / Stoch 14,3,1
Attached Image (click to enlarge)
Click to Enlarge Name: stoch-example1.jpg Size: 1,020 KB


Stoch 12,3,3 / Stoch 14,3,1
Attached Image (click to enlarge)
Click to Enlarge Name: stoch-example2.jpg Size: 1,017 KB


Stoch 5,1,1 / Stoch 12,3,3
Attached Image (click to enlarge)
Click to Enlarge Name: stoch-example3.jpg Size: 1.1 MB


These will act in the same way even if you apply on them a RSI which also acts exactly like the stochastic.

Please, try by yourself creating this combo(for explanatory purposes): Stoch 5,5,1 + stoch 12,3,1 + RSI 14

I hope I've given you an explanation more than enough, do not hesitate to reply.
  • Post #23
  • Quote
  • Edited 7:36am Aug 31, 2014 7:12am | Edited 7:36am
Hi Mike,

try this version...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM1-ItaloJob.png Size: 52 KB
Attached File(s)
File Type: ex4 boItalianJob Matrix_v2.ex4   68 KB | 972 downloads
thanks for sharing guys. i'll try it tomorrow...
botsog
Quoting SwingMan
Hi Mike, try this version... {image} {file}
SwingMan it's almost perfect. Just two things for the correct setup:

Stoch #1 must to be 14,3,1

Stoch#2 must to be 12,3,3 ENABLED

Attached Image (click to enlarge)
Click to Enlarge Name: Matrixv2.jpg Size: 282 KB


try it and then see the winning ratio % difference lol

I just want to thank you.... I am very grateful! As soon I've time I'll rewrite the strategy for you all doing a nice video.

It's not over here!
Quoting ilMike
{quote} Hi daimonddbw, thanks for your post. I pleased about your post so we can remove any doubt to anyone. (Hoping that my English is understandable.) I perfectly understand what you mean but I can assure you that this is not the case as you described for the simple reasons that soon you'll understand. I have experienced exactly what you're saying on oscillators pairs/combo such as OBV with HPoscillator, or even one of these two with any stochastic or yet others. The result that is obtained is exactly what you described. In fact what you say...
++++++++++++++++++++++++++++++++


I'm amazed! I could have never figured out the math on this myself. This may qualify for a Noble Prize in Economics!!!

Well, I'm not sure about that but I am certain that there is a use for this well thought out and assembled indicator.

btw, does this go in indicators folder or somewhere else? I'm guessing indicators but wanted to be absolutely clear.

Thanks,
Darryl
- There are a few errors in the indicator (The trading lines are valid only on M1 ... I try to correct).

- It was thought the Stochastic-1 to have as standard, and the Stochastic-2 for test.
Therefore, the default parameters remain, and change in Stochastic-2: enabled = true and limits = 90/10
Not certain who the developer is. Great explanation by iiMike, however downloads are from SwingMan. Apparently thanks are in order for both of you.

Now the question of using this on time frames other than M1. I'll have a look myself. Anyone have data related to that yet?
Here the corrected version.
Example: trading on M5 with Expiration = M30
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5-ItaloJob.png Size: 55 KB
Attached File(s)
File Type: ex4 boItalianJob Matrix_v2.ex4   68 KB | 895 downloads
Quoting SwingMan
Here the corrected version. Example: trading on M5 with Expiration = M30 {image} {file}
Perfect, just little thing, like the image I've already post, when you enable the #2 stoch 12,3,3, change upper level to 90 and lower level to 10

Next step, if it's possible, I'd like if this matrix can filter out signal during tokyo and sidney session... and maybe during strong news too...do you think is possible to improve all in this way?
Anyway....thanks for the time that you're dedicating!
Quote
Next step, if it's possible, I'd like if this matrix can filter out signal during tokyo and sidney session... and maybe during strong news too
No, no, this is a simple indicator, with a rough statistics...
For binary options you need average gains between 60-70%, better than 70%, otherwise it's not worth it to trade or to further research.
At 60% wins and 80% payout, you not win a lot.
Quoting SwingMan
Here the corrected version. Example: trading on M5 with Expiration = M30 {image} {file}
++++++++++++++++++++++++++++++++


iiMike & Swingman, are there some limitations that prohibit use of matrix indy on Time Frames above M5? If so can some settings be left blank to enable accurate readings on M15 and above?

The fact that there is now a way to get multiple oscillators working in same subgraph is all I really want to do because Binary is of no interest to me at this time.

If this is not possible please just let me know. I'm not asking anyone to go out of their way to complete any major changes.

Thanks,
Darryl
  • Post #33
  • Quote
  • Edited 1:41pm Sep 1, 2014 12:32pm | Edited 1:41pm
Version 3 with Alerts and some improvements.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5-ItaloJob.png Size: 41 KB
Quoting diamonddbw
...If so can some settings be left blank to enable accurate readings on M15 and above?
Done.
Please replace the previous version with this, I made a small adjustment for the time left.
Attached File(s)
File Type: ex4 boItalianJob Matrix_v3.ex4   71 KB | 1,145 downloads
Quoting SwingMan
{quote} Done. Please replace the previous version with this, I made a small adjustment for the time left. {file}
++++++++++++++++++++++++++++++++


Wow! Thanks SwingMan. I appreciate your work.
• When Red or Green signal lines occur (for short or long), do they paint immediately on signal bar close?

And

• Do they ever repaint during following bar or at anytime?
Please can someone suggest a Good Binary option Broker which offers Demo Account without deposit with 1m-4H timeframe options, wanna try this strategy. Thanks Swingman and the rest, appreciate ur works
Quoting diamonddbw
• When Red or Green signal lines occur (for short or long), do they paint immediately on signal bar close? And • Do they ever repaint during following bar or at anytime?
Please test live. I had no time to check ...

Quoting francisakz
•Please can someone suggest a Good Binary option Broker which offers Demo Account without deposit with 1m-4H timeframe options, wanna try this strategy.
Try this: http://www.clmforex.com/
The posted charts are on a demo account.
Big advantage: you can trade Binary Options directly with one EA from Chart! The prices are the Bids, and not (Bid+Ask)/2 as with other brokers. Of course you can also trade forex normal pairs.
Could you please supply the indicator in MQL. I run MT4 plus 600 and the EX files will not open.

Thanks
Quoting SwingMan
{quote} Please test live. I had no time to check ... {quote} Try this: http://www.clmforex.com/ The posted charts are on a demo account. Big advantage: you can trade Binary Options directly with one EA from Chart! The prices are the Bids, and not (Bid+Ask)/2 as with other brokers. Of course you can also trade forex normal pairs.
Thanks Swingman, Now I can happily Test your Awesome Strategy with Ease
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