Wormholes - stochastic mismatch system | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Real Ticks Discarded, Price Mismatch, Minutes Bars Absent 0 replies

Data window information and Journal data mismatch 5 replies

Pepperstone Historical Data Mismatch 1 reply

Stochastic divergence indicator with stochastic cross? 0 replies

Daily Stochastic Oscillator System 171 replies

Attachments: Wormholes - stochastic mismatch system
Exit Attachments

Wormholes - stochastic mismatch system

  • #201
  • Nov 9, 2014 11:34pm Nov 9, 2014 11:34pm
worm hole in 30min usdcad
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.png Size: 26 KB
  • #202
  • Nov 10, 2014 1:37am Nov 10, 2014 1:37am
Quoting forextarget
worm hole in 30min usdcad{image}
ehhh, I don't know what criteria you are looking at, but this one is questionable imo. technically, a long trade has not been triggered yet.

PS: EDIT: I just noticed you referenced the 30m TF, in which case, this changes everything. You are exactly correct, sir. I also like long NZD/USD
Please check out my blog at https://from-zero-to-hero . net
  • #203
  • Nov 10, 2014 1:47am Nov 10, 2014 1:47am
Quoting MetaCoder
Read the first 2 pages of the thread, run the EA for at least an hour, read the first 2 pages again, and THEN if you have questions, I might answer. These are EAs, not indicators. They are EAs in case others want to build trading systems around the wormhole detection the EAs provide. You might be able to glean manual systems others are using by reading their statements, their posts, and asking them questions. No need to change settings. Each EA has settings appropriate for the timeframes. Giving tons of credit to Eurusdd and other contributors to...
Thank you one billion times over for sharing the source code to your projects (I have yet to look at it). I hope to, one day (sooner than later), make my contributions to this thread.

Is there any reason why you don't go beyond the 1 Hour time frame? Or is it because your system is so accurate already that there is no need to?
Please check out my blog at https://from-zero-to-hero . net
  • #204
  • Edited 6:25am Nov 10, 2014 5:05am | Edited 6:25am
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?
There you go.. The price seems to be fairly recurrent at those levels.

Edit: Fixed error for attempting to draw to the right of the last bar
Attached File(s)
File Type: mq4 MultiStochLines.mq4   5 KB | 790 downloads
  • #205
  • Nov 10, 2014 5:16am Nov 10, 2014 5:16am
Quoting Wanderer272
{quote} There you go.. The price seems to be fairly recurrent at those levels. {file}
highly commendable my friend. Tnx!
  • #206
  • Nov 10, 2014 5:16am Nov 10, 2014 5:16am
Quoting Wanderer272
{quote} There you go.. The price seems to be fairly recurrent at those levels. {file}
Good work, thx And LITEchild for the idea.
the 3rd wave is the crowd's wave
  • #207
  • Nov 10, 2014 5:38am Nov 10, 2014 5:38am
Quoting juriFX
{quote} Good work, thx And LITEchild for the idea.
  • #208
  • Nov 10, 2014 9:21am Nov 10, 2014 9:21am
Quoting smash1820
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...
I make the source code available in the thread's first post, so the answer is there for the taking.
Open to new approaches.
  • #209
  • Nov 10, 2014 9:24am Nov 10, 2014 9:24am
Quoting mike1349
{quote} 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...
In your example, I would watch for a new wormhole above the price level where the short trade was opened, before closing the short trade. I would take this to mean that now the market is likely to pull the price farther away from my trade, making it a bigger loser. I would want to cut the loss short at that point.

If new wormholes were forming below my trade's price level, I would keep the trade open.
Open to new approaches.
  • #210
  • Nov 10, 2014 9:28am Nov 10, 2014 9:28am
Quoting ReZZe
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...
If the red line jumps up and down a lot, there is either a lot of market activity or maybe you're using the 1min-5min version of the EA.

The wormholes stay more stable in the longer-timeframe versions.

You might want to observe a while longer to gather more information for yourself about the behavior in the different timeframes.
Open to new approaches.
  • #211
  • Nov 10, 2014 9:30am Nov 10, 2014 9:30am
Quoting MetaCoder
{quote} If the red line jumps up and down a lot, there is either a lot of market activity or maybe you're using the 1min-5min version of the EA. The wormholes stay more stable in the longer-timeframe versions. You might want to observe a while longer to gather more information for yourself about the behavior in the different timeframes.


Hi Metacoder, I know this is a basic silly question for you but would you mind helping me to resolve the below issue please? I'm waiting to run this EA from yesterday.
thanks in advance,

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.
  • #212
  • Edited 1:38pm Nov 10, 2014 12:47pm | Edited 1:38pm
Hi everybody and, especially, Metacoder: You did a great job: thank You for sharing it.
I read the thread several times and start making some test. There's something not clear, only for me i guess :-(.
On 5 minutes chart, using the "revealwormhole_1min_5min_01", when a distortion is detected, it lasts 5 minutes than next candle, often, the EA find another distortion and goes to draw a the red line at the new candle open value... Is it because I go wrong with the choice of the correct EA? Better to choose the 5min_15min? Is it correct to choose, on 5 min. chart, a long lasting period EA? In other words: is there any connection between time chart and different timeframes?
I beg Your pardon for the silly question and keep on testing this very interesting EA.
Thank You everybody for Your help.
Ivus
  • #213
  • Nov 10, 2014 12:53pm Nov 10, 2014 12:53pm
Quoting smash1820
{quote} Thank you one billion times over for sharing the source code to your projects (I have yet to look at it). I hope to, one day (sooner than later), make my contributions to this thread. Is there any reason why you don't go beyond the 1 Hour time frame? Or is it because your system is so accurate already that there is no need to?
I make no claims about accuracy and my EAs on this thread don't embody a system. They show a very simple type of event that happens in the market and it's up to each trader to decide what to do with knowledge of the events. H1 and M30 timeframes were suggested by Eurusdd on the Similarity thread. Others asked for shorter timeframe versions. If we go with longer timeframes, it will take longer to see any wormholes.
Open to new approaches.
  • #214
  • Nov 10, 2014 1:11pm Nov 10, 2014 1:11pm
Quoting hewtwok
hi metacoder, just wan to ask this EA does not work in backtest rite? i tried backtest EA , no results.
You really need to read the thread. If you would, you'd see that this EA does not place trades. Hence, nothing to backtest.
Open to new approaches.
  • #215
  • Nov 10, 2014 2:06pm Nov 10, 2014 2:06pm
Quoting MAM.Trader
the wromhole is the cause of stoch works between 0-100 price has no upper/lower limit the wormholes actually the diverenge between price and stoch while its period 300 you see those rare GL {quote}
I'm trying to understand exactly why this mismatch happens (from a mathematical/logical point of view) Why does the one time frame remain the same stochastic value while the other one moves and causes the divergence.
  • #216
  • Nov 10, 2014 4:19pm Nov 10, 2014 4:19pm
Purely cosmetic change (i hope) so you can set the line to look like any style you want.
I haven't had time to look at the ea/indy for more than a min but when i get time i look forward to checking it out. thx meta
Attached File(s)
File Type: mq4 RevealWormhole_1min_5min_01_LineMod.mq4   11 KB | 566 downloads
File Type: mq4 RevealWormhole_15min_30min_01_LineMod.mq4   11 KB | 557 downloads
File Type: mq4 RevealWormhole_30min_1hr_01_LineMod.mq4   11 KB | 569 downloads
File Type: mq4 RevealWormhole_5min_15min_01_LineMod.mq4   11 KB | 547 downloads
  • #217
  • Nov 10, 2014 6:00pm Nov 10, 2014 6:00pm
hi Metacoder, thanks for this nice EA. Would like request small addition on it , so can it can show the broker time date stamp when the wormhole appeared. pls consider it. thanks again
  • #218
  • Nov 11, 2014 12:08am Nov 11, 2014 12:08am
Quoting Ultimate6
{quote} I'm trying to understand exactly why this mismatch happens (from a mathematical/logical point of view) Why does the one time frame remain the same stochastic value while the other one moves and causes the divergence.
I have asked the same question, please read from post 102 onwards. The reason is that at the open of the higher timeframe candle it does not reference the same high/low as the lower timeframe. The lower timeframe looks further back into history. Nothing mystical about it. The real question is why the price return to that level most of the time.
  • #219
  • Nov 11, 2014 12:41am Nov 11, 2014 12:41am
Quoting MetaCoder
If we go with longer timeframes, it will take longer to see any wormholes.
Yes, that is correct, but the wormholes will be more profitable.

The question of what time frame is best is totally subjective and dependent upon each trader. So why not give traders the option to choose what they are most comfortable with (ie: providing options longer than 1H).

For instance, if you look at Proximus's thread about what is the best time frame, you will see that the 4H TF is actually best for the majority of traders.

So, I think you should include 4H at a bare minimum. But it's your thread, so I'll leave it up to you.
Please check out my blog at https://from-zero-to-hero . net
  • #220
  • Nov 11, 2014 4:36am Nov 11, 2014 4:36am
Quoting Wanderer272
{quote} There you go.. The price seems to be fairly recurrent at those levels. Edit: Fixed error for attempting to draw to the right of the last bar {file}
Tank you for your indicator! Does it work on any time frame ???
Even though I walk through the darkest valley, I will fear no evil
0 traders viewing now