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Wormholes - stochastic mismatch system

  • #81
  • Nov 4, 2014 4:40pm Nov 4, 2014 4:40pm
sym hi! i think i got a signal. what is next? is it buy or sell?thanks!
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  • #82
  • Nov 5, 2014 2:14am Nov 5, 2014 2:14am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting kasrafx
{quote} thanks for your answer , i tried the version which was modified by you and i think there was something wrong with my EA because the red line was not fixed and it was moving with price candles!
Hi kasrafx, that's because any time there is a new wormholes the line moves.
I don't like it and I'll fix. But remember the EA purpose is to show where and when the last wormhole appeared. Nothing more...
--- nothing to say ---
  • #83
  • Nov 5, 2014 2:19am Nov 5, 2014 2:19am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting mario777
sym hi! i think i got a signal. what is next? is it buy or sell?thanks! {image}
Hi mario777
I'm not the owner of the thread, you should ask to MetaCoder.
But before you need to read the original thread (292 pages) in order to have a picture of the system.
There is not shortcut, only work.
--- nothing to say ---
  • #84
  • Nov 5, 2014 2:44am Nov 5, 2014 2:44am
when you say 50 above or below you mean 5 pips or 50 pips. I mean my broker is 5 digit.
for example if the delta rate is 1.2560 I am going to sell at 1.2565 or 1.2610??

Thank you
  • #85
  • Nov 5, 2014 3:10am Nov 5, 2014 3:10am
Quoting arianptc01
when you say 50 above or below you mean 5 pips or 50 pips. I mean my broker is 5 digit. for example if the delta rate is 1.2560 I am going to sell at 1.2565 or 1.2610?? Thank you
50 points or 5 pips for your 5-digit broker.
  • #86
  • Nov 5, 2014 3:19am Nov 5, 2014 3:19am
Hello everyone.
When the line automatically changes, we must leave the operation?
It has happened to me twice and the price has not gone to his goal.

Natalia
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  • #87
  • Nov 5, 2014 4:02am Nov 5, 2014 4:02am
Hi folks !

Thanks Metacoder for sharing this interesting tool. I understand that the EA should clean the red line once similarity is back. On the following example, wormhole appeared on the red arrow. I took a sell trade on round number and closed at TP. However, the red line is still in place. Is that normal ? FYI, I use the following EA on EU 1m chart: RevealWormhole_1min_5min_01.mq4 . Thanks.
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  • #88
  • Nov 5, 2014 4:10am Nov 5, 2014 4:10am
Edit: in essence same question as Fbird..

Once a wormhole has formed and price goes above it, reverses and clears the wormhole and goes under. Is the wormhole still valid to trade to? Or once cleared: wormhole closed?
  • #89
  • Nov 5, 2014 10:37am Nov 5, 2014 10:37am
Quoting Fbird
I understand that the EA should clean the red line once similarity is back. On the following example, wormhole appeared on the red arrow. I took a sell trade on round number and closed at TP. However, the red line is still in place. Is that normal ?
If the EA erased the red line when similarity comes back, we would not easily see at what price level the last wormhole occurred. The whole point is to see where the last wormhole was. When a new wormhole appears, the old one is erased and a new red line is drawn.
Open to new approaches.
  • #90
  • Nov 5, 2014 10:38am Nov 5, 2014 10:38am
Quoting ninpojutsu
When the line automatically changes, we must leave the operation?
It's totally up to you. The EA only shows where the last wormhole was, and how many points the market is away from that wormhole.
Open to new approaches.
  • #91
  • Nov 5, 2014 10:40am Nov 5, 2014 10:40am
Quoting sym
...remember the EA purpose is to show where and when the last wormhole appeared. Nothing more...
Exactly. Except not when. Just at what price level. Unless you're talking about someone else's enhanced version of the EA.
Open to new approaches.
  • #92
  • Nov 5, 2014 10:43am Nov 5, 2014 10:43am
I do not think there is anything magic about the wormholes. In fact, I don't have a good idea of how often market action returns to them. I have only observed for a short time. Based on a tiny amount of observation, it seems that the market often returns to the most recent wormhole. But it does not always. It is up to you what to do as far as managing trade entries/exits.
Open to new approaches.
  • #93
  • Nov 5, 2014 6:31pm Nov 5, 2014 6:31pm
Thanks Meta

Interesting concept. Will give it a try and share it here.

Mike
Failure, is a wonderful teacher!
  • #94
  • Nov 6, 2014 4:08am Nov 6, 2014 4:08am
This is a really good way to exploit the market. It isn't actually a wormhole, it's a supply-demand concept, which appears to happen very often in the forex market. When a cluster is formed on a higher timeframe, the middle works as a support-resistance for future reference. This, combined with RSI and keeping an eye on higher TF's trendlines, it's very profitable. If you spend some time examining where the horizontal lines are placed, you'll see what I'm talking about. Most of the time such a cluster happens when (for example) there was a sudden, huge move on a higher TF, which directed the price very far away from its original trendline. When a supply/demand zone is reached, the price starts ranging in such clusters until the trendline rejects the price (or gets broken, of course).

P.S. the clusters I was talking about are a few candles (2-3-4 or more) on a higher TF where a tight range occurs - the open of 1st candle is equal to the close of the second. The wicks of highs/lows aren't really important.
If you keep an eye on the news calendar, you can spot a breakout really easy, admit your mistake and jump on the train with the trend.

G/U right now is a clear example of a 'wormhole'. The price wanders around 1.60450 with a hard-top @ 1.61800 and diving down to 1.59200
  • #95
  • Nov 6, 2014 5:15am Nov 6, 2014 5:15am
Hi everyone.
I propose you to check the next idea.
We need to have two wormholes. The price will go from second to first.
On the fist png. we have 1 wormhole.
On the second png I mark the second wormhole. The price have to go from 2nd wormhole to 1st.
On the third png I mark the area of price movement.
Thats my profit.
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  • #96
  • Nov 6, 2014 5:58am Nov 6, 2014 5:58am
Quoting Denmx
Hi everyone. I propose you to check the next idea. We need to have two wormholes. The price will go from second to first. On the fist png. we have 1 wormhole. On the second png I mark the second wormhole. The price have to go from 2nd wormhole to 1st. On the third png I mark the area of price movement. Thats my profit. {image} {image} {image}
Hmmmmm...Interesting Denmx...very interesting.

I will investigate this further.

[Great job MetaCoder! This caused a BRIGHT LIGHT BULB to come on inside my Skull...am up to 15+% banked playing around with this in a Demo account. Ideas, ideas, ideas! Thanks.]

Regards,

Ty
My job: I speculate and manage risk.
  • #97
  • Nov 6, 2014 6:03am Nov 6, 2014 6:03am
One more. Sell trade.
And my resalt for today.
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  • #98
  • Nov 6, 2014 6:06am Nov 6, 2014 6:06am
Quoting Denmx
Hi everyone. I propose you to check the next idea. We need to have two wormholes. The price will go from second to first. On the fist png. we have 1 wormhole. On the second png I mark the second wormhole. The price have to go from 2nd wormhole to 1st. On the third png I mark the area of price movement. Thats my profit. {image} {image} {image}
Can I ask you a simple question - I assume you know what's support & resistance - can you please tell me the difference between S&R plotted on the chart, based on old information, and the wormholes you are trading?
  • #99
  • Nov 6, 2014 6:09am Nov 6, 2014 6:09am
Quoting Denmx
Hi everyone. I propose you to check the next idea. We need to have two wormholes. The price will go from second to first. On the fist png. we have 1 wormhole. On the second png I mark the second wormhole. The price have to go from 2nd wormhole to 1st. On the third png I mark the area of price movement. Thats my profit. {image} {image} {image}
The first wormhole is already cleared as the second is made.
Not about how much you win, but how much you loose
  • #100
  • Nov 6, 2014 6:21am Nov 6, 2014 6:21am
Quoting ksofty
{quote} Can I ask you a simple question - I assume you know what's support & resistance - can you please tell me the difference between S&R plotted on the chart, based on old information, and the wormholes you are trading?
I know about trading alot of things, and of course about R&S lines too.
But all lines on the png which I attached are the wormhols. I just marked their on the chart and trade from one to another.
It's one of my idea about using the wormhales EA.
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