Funny Looking Rectangles & Useless Drivel

Divergence goes too.

Thanks to LiquidGenius for introducing me to this thread. Now I have to get involved, lol.
It looks like there a couple of indus coded already. However after reading parts of the thread, I realized there was a very easy way to calculate the fall line that did not involve drawing the boxes. It can be done for any bar, all you need is the high, low, and open. the equation is as follows:

fall line = High-(Open-Low)

Its as simple as that.
I coded up an indy in about 5 minutes. The original idea was to calculate a dynamic fall line based upon a window of bars (determined in the indy settings) - to get the daily fall line on the daily chart, however, requires a window = 0.
Will upload indy shortly. something has come up.

Indicator attached.

Here is a second generation of this indicator. It will only work on the 1H chart. What this indicator will do is show you the development of the fall line as the day progresses. You select when you want the day to start (ignore the window setting, I forgot to remove that - changing it will do nothing), and it will adapt to the market until 24 hrs later, when it will reset. You will notice that the fall line flattens later in the day. It will remain flat unless a new low or high is made for the day. Also, the fall line is highly dependent on the start hour. See attached Fig.
**Edit. Sorry uploaded the wrong indy. Fixed now.

Shared Indicator Project for MQL Developer With Attention To Detail

Are you a good MQL Indicator Developer with attention to detail?

Indicator Name: Alpha-4
Indicator Version: 1.0 | 2.0 | 3.0 | 4.0 | 5.0 | 6.0 | 7.0
Indicator Class: Delta
Indicator Type: Timing | Direction | Magnitude | Probability
Indicator Generation: 1st | 2nd | 3rd | 4th | 5th
Integration Path: B2i
Indicator Inputs: Eight (8) Calculations
Design Difficulty Level: Simple | Intermediate | Advanced

Several of you have expressed an interest in working on other indicator concepts that I have not yet released to the public. Well, here's your chance.

I've been thinking about an MQL version of Alpha-4, which at the time I created it was part of the first set of "next generation" StealthIndicators. Alpha-4 (the prototype), Alpha-5, Alpha-6 and Alpha-7, were the first attempts at Delta Class indicators outside the standard TCD Indicator framework. The Alpha Series of Indicators are conceptual extensions of the Delta Concept and are best used at Timing indicators (unless you find another purpose for them). The actual design of this indicator is very simple, as is most Delta Class Indicators. It is the application and integration of the indicator that can be somewhat "complex." However, how you apply and integrate Alpha-4 into your own work is completely up to you.

I'll provide the indicator input/output specifications. You'll do the coding/debugging. First come, first serve basis. Be fairly competent with MQL. This is not an EA project, though you are free to integrate an EA on your own. On its own, the most advanced Alpha-7 indicator is capable of between 76% to 91% accuracy to a specified target dependent upon the magnitudes generated by the indicator itself. Alpha-4, went through several iterations in trying to find its Highest & Best use. I used it for a while as an Intra-Bar Scalping Tool until finally developing it into a Timing indicator. Alpha-4, is the baseline (basic) prototype in the series - but it can be extended once the indicator concept is understood and integrated with other Delta Class indicators, or even some off-the-shelf Oscillators that you can find laying around just about anywhere.

Pic of Alpha-4 inside the Signal Engine. From an MQL coding standpoint, Alpha-4 will use eight (8) SetIndexBuffer (modes) outputs, seen in the pic below under headings "Long Timing" and "Short Timing" as "...Fill%" values and several Extern Int (variables) at load time for optimization/testing purposes:

http://i61.tinypic.com/16m3dbb.jpg


You can come back to ForexFactory and share the indicator here with others if you want - but it is probably best for focus that the actual development be done off-line. Send PM with Curriculum Vitae, College Transcripts, most recent Three Employers, DOJ Fingerprints, Blood Type,.... I'm just kidding...

Send nothing but a PM indicating that you are interested in the shared indicator project and I will work with the first MQL coder respondent that hits my inbox, provided you have the requisite coding skills.

Ok, let's roll on the MQL version of Alpha-4.

Hi all,
I just wanted to say thank you for sharing this idea to iDoubleStoch and everybody else for their contribution.. It made me play with these funny rectangles even though I was fed up with drawing lines and keep Ctrl pressed .... and for a week I;ve been trading it on a real account on m1 with an avg of 5-20 trades/day (mind you in my own twist on it) and not only I didn't have a losing day but I've made a nice profit out of it.
Funny dubious, boring to draw, little rectangles... they can be twisted and applied on nearly anything and still they tell a story

Please accept my apologies iDoubleStoch. I had no idea that your reply was here. I was away on vacation and got back about 2 weeks ago. I have done something a bit similar (although quiet different in technique) statistical analysis that I can do for the rectangle box levels as well. I'm currently extremely busy improving and developing my trading system further that's based on TZs. It's all based on probability so it's pretty awesome. I will keep this in my list of to do things.

Here is the dashboard that I'm working on currently. Just want to show it to you since my goal is to also get away from looking at charts and to be able to make a trade decision by looking at numbers/icons.

I'm working on improving statistics displayed there. You how MT4 freezes up when over a million bars are loaded and analyzed. So I started to outsource the data crunching to a Node.js app so I can look at all historical levels and have more accurate probabilities. And then eventually the entire dashboard and order decisions will be made from a webpage.
Would it be at all possible for me to contact you via Skype or gchat (if so, please PM me with your info)? It would be awesome to get to know you a bit more and maybe we can exchange ideas or maybe even work on something together in the future. I have some key skills that might be very useful to you

Either way, I will post something later when I get back into working with rectangle levels.

Thanks again for the inspiration and this idea!

Hello All:

It is 2015! This will not be my official once a year stop, so I won't be replying to any posts. I am currently working on a project right now and won't have the time to keep up. However, that project has unexpectedly lead to a new discovery of the type and kind that I have not had in several years, and it caused me to think about the importance of every Trader remaining as optimistic and as positive minded as possible.

The discovery came out of some frustration I was having with the current project I am working on right now with a really good MQL developer. It was not his fault (he's a great MQL developer), it was my fault for not understanding the technical requirements behind how MetaTrader EAs must work with iCustom files. Anyway, that lead to my frustration. Whenever I get frustrated about something related to my research and development, I tend to start working harder, longer and going into ultra creative places in my mind, until I have some kind of breakthrough. I look at the breakthrough as a kind of payback for the self-inflected frustration.

Obviously, I cannot discuss any aspect of the project right now and that's not why I am posting. I am posting because I stumbled upon video that I thought could be inspirational to Traders who are still struggling. Struggle and frustration to some degree, will never go away completely in your trading careers - but you can push beyond and find higher ground. It takes tenacity and an attitude that does not allow failure to ever be an option.

I hope this short 5 minute inspirational video reaches you at a time when you need it the most. Enjoy it, but most of all, be moved to succeed.


MiNDSHiFT



This video says so much about what it takes to reach long term success as a Trader. Get it done!

I cannot thank you enough, as your posts often take my trading to the next level, as I continue to glean on them while working hard on my own. Right now I am just relaxing after an operation, but I still read and think through your work and ideas, drafting out my own ideas in a notebook.

Indeed it did, indeed it did. Let's see if I can't change my procrastination/burnout problems with 3 changes. 1) An ordered todo list for the day. 2) Split each day into sections for work, free time, and study. 3) Ban the use of the computer during free time.

The goals are there, the plans are there, the equipment is there, the books are there, and even the mind is there, but when I look at how I spend individual hours they always go to complete waste. I think but I don't do. That must be some sort of burnout and it's time to fix that.

"If you don't change your mind, the same experience will perpetuate itself over and over again" - Great video, thanks.

Does anybody know why some of the images are not showing up in this thread? For example the first post. It is requiring me to click on the link for the image hosting site, makes reading the thread difficult...

The image hosting server I was using had several issues since I was last in this thread. That might account for it. However, the B2i structure is easily replicated, if you just go over some of the earliest posts starting with the OP. It should not take long before you are able to draw them for yourself rather quickly.

For those interested, I have created a summary document of the some of the posts here. This will help with the image hosting issue and make it easier to study off-line.

Wanderer272
For those interested, I have created a summary document of the some of the posts here. This will help with the image hosting issue and make it easier to study off-line.

Thank You, Wanderer. Much appreciated.

With anything new, I wreck it from too much energy from greed, I lost a lot applying this wrong, but at least it was lowest risk... so then I just applied it correctly, I think, maybe, at least it was a scalp, eurusd, seems to help in an area I have had no method, a range... thanks for sharing.

constantly surprised...

This thread has been left to rot for a while, I think this concept shouldn't be left to rot.

This will be my first and last post, I can't reply to this thread or any PMs, I have a shift work which requires me to travel very often, very long days and nights, always jetlagged, I just don't have time to reply.Please try to understand that first. Plus I don't know anymore than what's written here, you just have to observe and get used to the price behaviour around these rectangles which can't be taught.

I just feel that I owe this to FF community as this site taught me a lot, maybe a few people might read the thread and make use of it.

I have looked at this seriously for a while, you just need to think outside the box and teach yourself how to work together with these rectangles.

A few tips,

Try it on binary options, use small amounts ( win rate I get is about 60-65% so I have to use martingale, it seems risky but I haven't gone more than 3rd step, i find these rectangles very powerful), I have been trading on live account very recently, not too long but been watching the rectangles form for a while before I started trading live.

Find good size rectangles in flat markets, don't use it on trending instruments,
Initially don't jump into trades, spend weeks and months drawing rectangles and watching how price reacts around fall line,

I have taken some forex trades also which were successful but with 1 min TF to make some decent profit I had to use high leverage which scared me as I was not using SL to avoid being taken out by a spike, in that case you need a mental stop loss but psychologically it's very difficult to handle and it can get messy very fast, so I stopped trading forex until I try to apply the rectangles on higher TF and study them first.

I don't think thread starter will re-visit this thread so we only have the basic version 1 of these rectangles, they are easy to draw, just study them and try to find the best way to trade around the concept.

I hope somebody finds his own way to make profit from this concept.

All the best and good luck!