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Wormholes - stochastic mismatch system

  • #181
  • Nov 9, 2014 8:29am Nov 9, 2014 8:29am
[quote=forextarget;7857193]
Quoting Ullen
{quote} You just need a good tool for entry, and a smaller TF. Small TF = Small drawdown, Big TF = Big drawdown.[/quo NO STOPLOSS MEANS MARGIN CALL

Any position between price and your stop loss is your predefined risk. This is a "controlled and managed risk"

Any reference to a drawdown in my books means a "floating " or "uncontrollable" loss.

Any system therefore which could place you in a "drawdown" has the potential to hurt if not wipe out your account.

Gerhard
Never Ever Give Up!
  • #182
  • Edited 9:18am Nov 9, 2014 8:55am | Edited 9:18am
Quoting kprsa
Hi, to my understanding, you need to know to identify the current market state. This method is going to work reasonably well if the market is ranging. However, if you observe lower highs and support levels breaks as in the forextarget's example this indicates a downtrend, and the market moving away from your price. In this case i'd recommend to leave the trade (or even to trade in an opposite direction). This is the same to all methods grouped under the rough "reversion to the mean" umbrella, that Mingary was also mentioning. A thing that can and...
This is just something very rough I have put together.. In my opinion, the wormhole occurs when the high/low of the last x periods sets a new territory. This only occurs about 5% of the time for a 400 bar period, meaning the price is 95% recurrent for a 400 bar high/low. Still needs to be confirmed and further testing required.

EDIT: Made slight change for variable offset
Attached File(s)
File Type: mq4 MultiStoch.mq4   4 KB | 750 downloads
  • #183
  • Nov 9, 2014 9:10am Nov 9, 2014 9:10am
Quoting Wanderer272
{quote} This is just something very rough I have put together.. In my opinion, the wormhole occurs when the high/low of the last x periods sets a new territory. This only occurs about 5% of the time for a 400 bar period, meaning the price is 95% recurrent for a 400 bar high/low. Still needs to be confirmed and further testing required. {file}
Very nice of you, thanks for sharing!
k
  • #184
  • Nov 9, 2014 9:27am Nov 9, 2014 9:27am
may be i am wrong..............

1] metacoder you have done good job as a coder to code this system..(in coders perspective)
2] First thing forex is a business, best to describe as a business involves probability,
3] the best way to describe it, it like normal Markets, If people interests getting higher and higher in a particular product then there will be demand for that particular product, then automatically the price will be raising until the demand settles.
4] like the same way forex is also, for example no resistance or no support will be created until a bunch of people buy or sell at that particular level and make the price to reverse. then the next time price approach to these levels more people will get look to this levels so the probability will be high that support or resistance will continue to be support or resistance.
5] it totally depends on the people will and opinion at these levels.
6] please remember that we all are playing with a country economy and growth in the form of currency. we are not playing numbers game.take banks and their trades, the first priority they will give to the currency pairs related countries- economic condition, political condition, growth condition in a longer term perspective and align to a bias to the currency and then only they will look for the level which will create interest in traders and fix them.
7] i dont know why these levels will do....................
  • #185
  • Nov 9, 2014 9:37am Nov 9, 2014 9:37am
Quoting Wanderer272
{quote} This is just something very rough I have put together.. In my opinion, the wormhole occurs when the high/low of the last x periods sets a new territory. This only occurs about 5% of the time for a 400 bar period, meaning the price is 95% recurrent for a 400 bar high/low. Still needs to be confirmed and further testing required. EDIT: Made slight change for variable offset {file}
Is this also an EA or an indicator???
  • #186
  • Nov 9, 2014 9:45am Nov 9, 2014 9:45am
Quoting LITEchild
{quote} Is this also an EA or an indicator???
Indicator
  • #187
  • Nov 9, 2014 10:01am Nov 9, 2014 10:01am
Quoting scalper.exp
may be i am wrong.............. 1] metacoder you have done good job as a coder to code this system..(in coders perspective) 2] First thing forex is a business, best to describe as a business involves probability, 3] the best way to describe it, it like normal Markets, If people interests getting higher and higher in a particular product then there will be demand for that particular product, then automatically the price will be raising until the demand settles. 4] like the same way forex is also, for example no resistance or no support will be created...
It is all a game
Not about how much you win, but how much you loose
  • #188
  • Nov 9, 2014 10:16am Nov 9, 2014 10:16am
Quoting Ullen
{quote} It is all a game

and everyone try to 'show off' their highest score...lol...
  • #189
  • Nov 9, 2014 10:24am Nov 9, 2014 10:24am
Quoting Kiads
{quote} and everyone try to 'show off' their highest score...lol...
Indeed.

What's your highscore?
Not about how much you win, but how much you loose
  • #190
  • Nov 9, 2014 10:26am Nov 9, 2014 10:26am
Quoting Ullen
{quote} Indeed. What's your highscore?
Game Over at level 2...lol..lol..
  • #191
  • Nov 9, 2014 11:02am Nov 9, 2014 11:02am
Quoting Kiads
{quote} Game Over at level 2...lol..lol..
Haha, i've good some cheating codes that will make you able to win the game.

Want em?
Not about how much you win, but how much you loose
  • #192
  • Nov 9, 2014 12:30pm Nov 9, 2014 12:30pm
Metacoder, thank you in advance for your works on this one. I will be testing it some this week.

Also, may I ask how you are calculating the stochastic mismatches, or did you already post that information somewhere?

You know, my EA uses stochastics too...
Please check out my blog at https://from-zero-to-hero . net
  • #193
  • Nov 9, 2014 12:32pm Nov 9, 2014 12:32pm
Quoting Wanderer272
{quote} Indicator
Thanks for sharing.
  • #194
  • Nov 9, 2014 12:42pm Nov 9, 2014 12:42pm
Quoting Wanderer272
{quote} This is just something very rough I have put together.. In my opinion, the wormhole occurs when the high/low of the last x periods sets a new territory. This only occurs about 5% of the time for a 400 bar period, meaning the price is 95% recurrent for a 400 bar high/low. Still needs to be confirmed and further testing required. EDIT: Made slight change for variable offset {file}
Very interesting indicator. Would it be possible to have it draw a SUPPORT LINE at the LOW of candles with UPSPIKES, and RESISTANCE LINE at HIGH of candles with DOWNSPIKES?
  • #195
  • Nov 9, 2014 12:43pm Nov 9, 2014 12:43pm
Quoting Ullen
{quote} Haha, i've good some cheating codes that will make you able to win the game. Want em?
i do.
  • #196
  • Nov 9, 2014 1:20pm Nov 9, 2014 1:20pm
Attached Image
  • #197
  • Nov 9, 2014 1:34pm Nov 9, 2014 1:34pm
Hello,

When I drag and drop the EA into a chart, I am seeing the below error in 'experts' tab in terminal and not able to see the EA in the chart.
Any help would be much appreciated. thanks.

2014.11.09 19:03:28.371 'RevealWormhole_1min_5min_01' is not expert and cannot be executed


FYI, I have compiled the mq4 file and placed the .ex4 file in the experts folder and restarted the MT4.
  • #198
  • Nov 9, 2014 6:28pm Nov 9, 2014 6:28pm
could one of the programmers here put an alarm on the indicators. Unless you sit and stare at the charts you don't know if the line has been hit by the price or not, particularly if the price has been hovering around the line. thanks
  • #199
  • Nov 9, 2014 11:03pm Nov 9, 2014 11:03pm
wormhole in 30min but price is not moving away on the line its consilidating
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m30-.png Size: 32 KB
  • #200
  • Nov 9, 2014 11:31pm Nov 9, 2014 11:31pm
Quoting LITEchild
{quote} Very interesting indicator. Would it be possible to have it draw a SUPPORT LINE at the LOW of candles with UPSPIKES, and RESISTANCE LINE at HIGH of candles with DOWNSPIKES?
Yes, will do when I get a chance.
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