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Wormholes - stochastic mismatch system

  • #141
  • Nov 7, 2014 9:56am Nov 7, 2014 9:56am
Indicators do not work for Metatrader Version:4 Build: 745
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  • #142
  • Nov 7, 2014 10:33am Nov 7, 2014 10:33am
Quoting pequeno
Indicators do not work for Metatrader Version:4 Build: 745 {image}
That's because it is not an indicator: put it in the expert folder; takes a while to print the first line...
  • #143
  • Nov 7, 2014 10:51am Nov 7, 2014 10:51am
Quoting pequeno
Indicators do not work for Metatrader Version:4 Build: 745 {image}
First post of thread has what you need to know I think.
Open to new approaches.
  • #144
  • Edited 11:15am Nov 7, 2014 10:55am | Edited 11:15am
I think the wormholes themselves can be used as part of an exit strategy to cut losing trades. At least one trader on the thread has mentioned it.

What about the following: If new wormholes form on the same side of a not-yet-profitable trade as the one you used to open the trade, do nothing. But if a wormhole opens on the other side of your losing trade, close the trade. Any merit to that?
Open to new approaches.
  • #145
  • Nov 7, 2014 12:00pm Nov 7, 2014 12:00pm
Thank you very much for your advice. I have put EA to expets folder, but it does not work.
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  • #146
  • Nov 7, 2014 12:15pm Nov 7, 2014 12:15pm
Quoting Kosomolate
{quote} Thanks metacoder for the tool. @vinforex7, the best way you can further inspire someone is if you post the closed trades as you have done, and at the same time lets know if there are no trades running away from the WH line. These are my closed trades but I have one -46 on the terminal which has not been revisited by price. My short advise to us is that you should determine your SL and ensure it is always there, else you may be tempted to use big lot size and if price decides not to visit the WH then, the account is finished. And of course...
Thanks koso... for the advise, and I do agree.. money management is the most important thing that's gonna play the role here. This was a new account and I was just experimenting. I was watching the trade... and had mental stoploss in mind.. just wanted to watch the PA before SL. Such high leverage is not gonna work.. on long term, so I will keep the ratio low.. and watch it too. Since I traded in 5 mins.. I didn't give much room on either side! Thank you...!
  • #147
  • Nov 7, 2014 12:17pm Nov 7, 2014 12:17pm
Quoting pequeno
Thank you very much for your advice. I have put EA to expets folder, but it does not work. {image}
Pequeno... The indicators and EAs work differently. Pls find a step by step guide for getting an EA to work on a chart. Attached.
Attached File(s)
File Type: pdf Attaching_an_Expert_Advisor_to_a_Chart.pdf   349 KB | 1,804 downloads
  • #148
  • Nov 7, 2014 2:24pm Nov 7, 2014 2:24pm
okay in my observation the ea show a red line only when the stochastic disagree so we have to watch the platform where ever you put the reveal wormhole, then when a red line appear up to you to enter a trade in the right direction same apply if the line gone to stop the trade sure he need practiced, but congratulations ??/ please correct me if i am wrong .
  • #149
  • Edited 4:32pm Nov 7, 2014 4:19pm | Edited 4:32pm
Quoting MetaCoder
I think the wormholes themselves can be used as part of an exit strategy to cut losing trades. At least one trader on the thread has mentioned it. What about the following: If new wormholes form on the same side of a not-yet-profitable trade as the one you used to open the trade, do nothing. But if a wormhole opens on the other side of your losing trade, close the trade. Any merit to that?
Sorry Meta.I don't get you .What do you mean by other side? DO you mind to explain a little bit more?
Thanks

P.S. OK.I think I got what you mean . I explain it with an example so If I am wrong please correct me.
Assume we get a wormhole and after price went up 10 pips we go short.(We hope price goes back south to wormhole) .From here we could have 2 scenario.
1)If the price keep going up and we got a new wormhole we exit
2)If the price was heading south toward our target and meanwhile we got a new wormhole then we do nothing.

I hope I got you right.
Failure, is a wonderful teacher!
  • #150
  • Nov 7, 2014 4:43pm Nov 7, 2014 4:43pm
hi all, my test on the 1M/5M EA last night NY session.Thanks to Metacoder for sharing.
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  • #151
  • Nov 7, 2014 6:08pm Nov 7, 2014 6:08pm
Quoting Traffex
{quote} You have to trade manually. There are no fix rules to trade. I take a trade, if the level is 3, 5, 7, 9 pips away from the current price. My TP for all trades is the level. I exit when a new level appears, so I have only some little losses. By now it works very well.
can you show example on the chart pls how you trade thnx
  • #152
  • Nov 7, 2014 6:41pm Nov 7, 2014 6:41pm
Quoting mario777
hi all, my test on the 1M/5M EA last night NY session.Thanks to Metacoder for sharing. {image}
mario777,

thanks for posting your chart...

btw, please tell me how do you set your entry points based on the "wormholes"...

are your entries were made when the price action is going away from the WH, or

when the price action is returning/coming back to the WH?

brgrds,
st888
  • #153
  • Nov 7, 2014 6:50pm Nov 7, 2014 6:50pm
Quoting seatrader888
{quote} mario777, thanks for posting your chart... btw, please tell me how do you set your entry points based on the "wormholes"... are your entries were made when the price action is going away from the WH, or when the price action is returning/coming back to the WH? brgrds, st888
seatrader, read on Traffex post above. I did the same thing.
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  • #154
  • Nov 7, 2014 7:11pm Nov 7, 2014 7:11pm
got it!!!

many thanks, mario...

brgrds,
st888
  • #155
  • Nov 7, 2014 10:28pm Nov 7, 2014 10:28pm
Quoting mario777
hi all, my test on the 1M/5M EA last night NY session.Thanks to Metacoder for sharing. {image}
hi thnx for sharing ur results can you kindly show us how you enter the market pls
  • #156
  • Nov 7, 2014 10:52pm Nov 7, 2014 10:52pm
Interesting EA, it is good for scalping.

Did some testing in yesterday market, after reading Metacorder instructions. However, i cant get the hang of it yet. The red line keeps jumping up and down. Once there was a time the point said 100 points above, i did a short, but it never came back and jumped to other price level. I can say it was a slow market late yesterday. Would give further try. 1 question, should we stick to the highest point indicated by red lines at price level only(being the ideal level) after a few jumps of new red lines which says insignificant or small points, or totally disregard it once the new red line appears.

Thanks in advance.
  • #157
  • Nov 8, 2014 7:38am Nov 8, 2014 7:38am
Quoting forextarget
{quote}hi thnx for sharing ur results can you kindly show us how you enter the market pls
Read post 153.
  • #158
  • Nov 8, 2014 11:21am Nov 8, 2014 11:21am
Quoting Ullen
USD/CAD M1 SHORT {image}
you just lost a trade here if you close it earlier if you hold it you have to endure a pain of 87 pips drawdon before it can hit your tp
  • #159
  • Nov 8, 2014 11:21pm Nov 8, 2014 11:21pm
Is anyone considering the obvious:


it seems to me you would observe the same phenomenon using moving averages - or any type of price averaging indicator (CCI, RSI ...)
You are using different calculation periods on two timeframes, therefore the "slow indicator" will eventually converge and diverge from the "fast indicator". Therefore the "stochastic mismatch system" falls into this category.

Can someone prove this is not the case, so we know this is a solid idea ?
  • #160
  • Nov 9, 2014 12:57am Nov 9, 2014 12:57am
hi metacoder,

just wan to ask this EA does not work in backtest rite?
i tried backtest EA , no results.
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