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The similarity system

  • #10,421
  • Oct 17, 2014 12:04pm Oct 17, 2014 12:04pm
Quoting vlady1974
{quote} No worries. Apologies if I got excited! As a non-coder, I envy your skills. The best I've got is SQL. LOL
do you want to compare stochastic from 2 diff. tf?
follow the flow
  • #10,422
  • Oct 17, 2014 12:05pm Oct 17, 2014 12:05pm
Quoting vlady1974
{quote} No worries. Apologies if I got excited! As a non-coder, I envy your skills. The best I've got is SQL. LOL
It has taken me years to learn how to understand what the real traders tell us, and I'm still not sure I get a lot of things. But coding is something I can do; trained/educated in it formally and have done it professionally for a long time.
Open to new approaches.
  • #10,423
  • Oct 17, 2014 12:06pm Oct 17, 2014 12:06pm
Quoting MetaCoder
{quote} One approach one could take (I think) is to just watch for the first move away from the price where the signal mismatch was detected. However if that first move is WITH a strong trend and we take a trade against the trend expect the price to move back toward the marked price, we have more risk that if we had traded with the trend in the case of a countertrend move away from the marked price. Hope this makes sense. I have no special insight on trends. I think longer-term trends are more important than shorter term trends, but...
You've hit it on the head. This is the perennial discussion here. Move away, Move towards. LOL. It always comes up.

I suspect that we (ie. the collective mind that is this thread) should come up with a category labeling system so that we can say WT (with trend) or CT (counter trend) to nominate which way we are going.

Anyways, excellent work. Hopefully you'll be able to progress it further and if you're so inclined post some charts! Cheers!
A pip is only worth it if you know how much you risked to earn it
  • #10,424
  • Oct 17, 2014 12:07pm Oct 17, 2014 12:07pm
Quoting cfdtaleong
{quote} Why not? Demo it. But do not understate the brilliance behind it. Let a full TZ form and once the left side of the following PTZ in the opposite direction forms plan a return to that full TZ.
no offence. im just mad at myself because i didnt realize this earlier..
follow the flow
  • #10,425
  • Oct 17, 2014 12:08pm Oct 17, 2014 12:08pm
So I think rather than put together a whole trading system right away as I often did in the past, I'm going to use my EA to monitor a couple of pairs for a while and discuss what I see with ya'll. I'm sure I will receive some education by doing this.

My EA captured another price level where the EURUSD stochastics disagreed and that price level was 1.27617. The price popped up to 1.27789 from there. Not sure if I would take a short trade but I won't be surprised to see the price action drop back down to that marked level.
Open to new approaches.
  • #10,426
  • Oct 17, 2014 12:09pm Oct 17, 2014 12:09pm
Quoting Atihun
{quote} no offence. im just mad at myself because i didnt realize this earlier..
I feel the same way!
I want more brain power!
  • #10,427
  • Oct 17, 2014 12:10pm Oct 17, 2014 12:10pm
Quoting Atihun
{quote} do you want to compare stochastic from 2 diff. tf?
I know that you can set the equivalence of stochs for diff 2 frames. But I suspect that the limitation of 1 chart on MT4 makes it complicated.
What has been suggested here before is to find stoch processes for all timeframes... which theoretically should all be the same, right?
Or keep it as an intraday basket: 4H, 1H, 30M, 15M, 5M running in the background. When you switch your specific view, your background indi will realign the best resolution to display on that tf... so it may disregard the Hourly stochs if you're on the 5M for example.

It's hard to state exactly what we want since we've never seen it applied for real. Most of us end up doing research on one timeframe and switch between. But then the analysis of what to do afterwards, gravitates to one chart again. To see a MTF blob on the screen would be really helpful.
A pip is only worth it if you know how much you risked to earn it
  • #10,428
  • Oct 17, 2014 12:12pm Oct 17, 2014 12:12pm
Quoting MetaCoder
{quote} It has taken me years to learn how to understand what the real traders tell us, and I'm still not sure I get a lot of things. But coding is something I can do; trained/educated in it formally and have done it professionally for a long time.
Fantastic! We have just a few coders here and I think the more the merrier. Glad to have you with us!
A pip is only worth it if you know how much you risked to earn it
  • #10,429
  • Oct 17, 2014 12:14pm Oct 17, 2014 12:14pm
Quoting vlady1974
{quote} I know that you can set the equivalence of stochs for diff 2 frames. But I suspect that the limitation of 1 chart on MT4 makes it complicated.
I learned quite some time ago how to use one EA to monitor and trade multiple pairs and look at multiple timeframes for any of those pairs; not a problem.

I could never sit and watch stochastic values on the screen visually. Far better to let the computer do it.
Open to new approaches.
  • #10,430
  • Oct 17, 2014 12:14pm Oct 17, 2014 12:14pm
Quoting Baillie
{quote} Hi Jim, You are on the right track here, this is what I was talking about a hundred or so pages ago. Here is the image I posted to point this out. {image}
Forgot to thank you for this matey! CFD just reminded me how brilliant the simple things are. Hep was also a big fan of this concept.
A pip is only worth it if you know how much you risked to earn it
  • #10,431
  • Oct 17, 2014 12:15pm Oct 17, 2014 12:15pm
Quoting cfdtaleong
{quote} Why not? Demo it. But do not understate the brilliance behind it. Let a full TZ form and once the left side of the following PTZ in the opposite direction forms plan a return to that full TZ.
Post 8085 & 8086
  • #10,432
  • Oct 17, 2014 12:16pm Oct 17, 2014 12:16pm
Well guys, have a brilliant weekend.
Hopefully I'll have more time to trade and post next week. I'll see you online!
A pip is only worth it if you know how much you risked to earn it
  • #10,433
  • Oct 17, 2014 12:16pm Oct 17, 2014 12:16pm
Quoting vlady1974
{quote} Forgot to thank you for this matey! CFD just reminded me how brilliant the simple things are. Hep was also a big fan of this concept.
No problem, lots of posts to read and other nonsense in between.
  • #10,434
  • Oct 17, 2014 12:21pm Oct 17, 2014 12:21pm
So anyway you guys, I'm pretty tired of working for "the man" and have said many times that I will some day find a way to trade profitably, consistently...or die trying. I have tried and tried and did not die, so now I'm back to trying again. If you all help me I will most certainly help you. Eurusdd was very generous in sharing his knowledge and maybe I can give something ankle-high to that.
Open to new approaches.
  • #10,435
  • Oct 17, 2014 12:29pm Oct 17, 2014 12:29pm
Quoting Atihun
hi guys i have a question. in the recurrent statistic indi there is a %value for true transient bar. Does it mean after h is completed without going above or below(depending on the bar location) it will be a true trans.bar? thanks for responding.
Hi, the "true" transient bar is the one where the price has not revisited (edit: better to say, the price has not pushed through the zone) the mid-bar zone within h_right. The true fractal bar is where the price has not returned to clearing the end-bar zone. I'll put out a document which should clarify things, together with a new version soon.
k
  • #10,436
  • Oct 17, 2014 12:33pm Oct 17, 2014 12:33pm
Quoting kprsa
{quote} Hi, the "true" transient bar is the one where the price has not revisited the mid-bar zone within h_right. The true fractal bar is where the price has not returned to clearing the end-bar zone. I'll put out a document which should clarify things, together with a new version soon. k
thanks man!
follow the flow
  • #10,437
  • Oct 17, 2014 12:39pm Oct 17, 2014 12:39pm
As for the new version, it looks as if there are people keeping the RecurrenceStatistic constantly on their charts. The code was sincerely not optimised for that (it was made to evaluate the probabilities and to help with the choice of h) , so I'll improve a bit the code to be leaner on the processor and there are also some minor bugs I have spotted in the meantime.
k
  • #10,438
  • Oct 17, 2014 12:44pm Oct 17, 2014 12:44pm
Quoting kprsa
Hi there, A very simple strategy for your consideration: Recurrence Statistic v3 applied to the H1 timeframe on EURUSD indicates that the probability of clearing a h=4 fractal zone if it has not been cleared within 4 hours after its inception is less than 20% within the next 12 hours (so, within 16 hours after the zone creation). That means that one can enter the trade at some good moment, place SL at the fractal and basically get some pips. Given the probabilities, as long as you are getting more than 5:1 RR on average, you should be fine....
Hi K
I don't understand where you get your statistics from to make the assertion (in bold) above.
I have read through all your posts since you kindly shared the Recurrence Indi, but I can't quite make sense of it.
Could you please explain it to me?
Thanks
Jim
Attached Image
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #10,439
  • Oct 17, 2014 12:51pm Oct 17, 2014 12:51pm
Quoting Jim4x
{quote} Hi K I don't understand where you get your statistics from to make the assertion (in bold) above. I have read through all your posts since you kindly shared the Recurrence Indi, but I can't quite make sense of it. Could you please explain it to me? Thanks Jim {image}
Hi Jim,
Can you please upload also the image for the same case, but with h_right=16?
It will be easier to explain using your data.
k
  • #10,440
  • Oct 17, 2014 1:03pm Oct 17, 2014 1:03pm
Quoting kprsa
As for the new version, it looks as if there are people keeping the RecurrenceStatistic constantly on their charts. The code was sincerely not optimised for that (it was made to evaluate the probabilities and to help with the choice of h) , so I'll improve a bit the code to be leaner on the processor and there are also some minor bugs I have spotted in the meantime. k
Could I make a cheeky request to have an alert that plays a sound when a new arrow appears.. true or false to switch it on/off
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