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Wormholes - stochastic mismatch system

  • #281
  • Nov 14, 2014 2:30am Nov 14, 2014 2:30am
Or just change color when hit
  • #282
  • Nov 14, 2014 4:25am Nov 14, 2014 4:25am
Quoting smeden
Or just change color when hit
even this would be enough!
  • #283
  • Nov 14, 2014 4:41am Nov 14, 2014 4:41am
Quoting jimmY213
this indi is absolutly awesome. there is just one thing that could be better. can it erase the lines when the price visited those lines again? i am not a code so i dont know if it can be done. but can anyone try it? {file}
Hey Jimmy,

What is the difference between the wormhole ea and that indicator you posted mate?
Can we use both together? If so How, what do you recommend?
  • #284
  • Nov 14, 2014 4:52am Nov 14, 2014 4:52am
just trade them like wormholes. first away from the hole and if you think the price will turn trade towards the last untouched hole.
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  • #285
  • Nov 14, 2014 6:56am Nov 14, 2014 6:56am
Quoting jimmY213
this indi is absolutly awesome. there is just one thing that could be better. can it erase the lines when the price visited those lines again? i am not a code so i dont know if it can be done. but can anyone try it? {file}

should be easy enough, I have a question though, do you want it to delete as soon as price touches it again? I.e if it draws one at 1.2681, then price goes to 1.2682 and one second later back down to 1.2681 should it delete the line? Or do you want it to move a minimum distance away first
  • #286
  • Nov 14, 2014 10:48am Nov 14, 2014 10:48am
I have tried to code this for several hours but unfortunately it seems like this is beyond my scope. However I have realised that it should only count from the next bar.

i.e line forms at bar 0. Any other times price touches this line whilst at bar 0 is ignored - the line is still left red
once a new bar forms (bar 1) then from then onwards any time right up til the length of line chosen if price touches the line it should turn for example green

that would make it very easy for visual backtesting aswell - any red lines still left on the chart were ones that failed i.e price did not come back to touch them within x ( the length of line chosen)
  • #287
  • Nov 14, 2014 2:31pm Nov 14, 2014 2:31pm
Quoting fezmar
{quote} i've pondered over this myself. If one were to think about the recurrent/transient zones presented by EurUsdd, then it would only count if the next bar touches it again, the current bar would be ignored, as in the theory it talks about sequences with separate disconnected entities, i.e a zone is transient for one bar in the sequence, and will remain so until another bar touches that price. I'm not quite sure whether that relates to this however. Interestingly in some of the earlier examples other people posted, even the next bar would touch...
thanks for the info fezmar. I just watched the 15m EU form a worm hole, the next candle moved away. price returned some 17pips later. got me thinking. maybe we should have 2 charts with different timeframes (say 15 and 1min or 30 and 5min). Say we get a wormhole on the higher timeframe and price moves UP , only start selling price when the smaller timeframe shows a wormhole in the same direction??? i'm looking at this now with a 15 and 5 TF.

this would require a move up from the wormhole on the 5min TF also
  • #288
  • Nov 15, 2014 6:02am Nov 15, 2014 6:02am
Quoting FX-Jay
{quote} I would somehow like to see a dissimilarity area rather than a dissimilarity line. The current EA redraws a line everytime a new dissimilarity shows up. What I have noticed is that the dissimilarity ranges between few seconds to few minutes in lower TFs. During these minutes/seconds price moves within a range. More often then not this range that has been made during the dissimilarity period is revisited once similarity is restored. Unless you are really focusing on your screen at the time the first dissimilarity occurs, you are most likely...
Hey Guys,
Was anybody able to code the EA to adapt Fx-Jay suggested. I think it would be very useful to us.
  • #289
  • Nov 15, 2014 9:31pm Nov 15, 2014 9:31pm
Quoting kangeron
{quote} Hey Guys, Was anybody able to code the EA to adapt Fx-Jay suggested. I think it would be very useful to us.
what would be useful? All its showing is a highly numbered stochastic from 2 time frames ..doubled/single... that show some mysterious slowing differences within the time frames. and a statement from the creator that price will come back to a line but we don't know where or how far out to test ..30, 60 90 ..I have seen 200 .......
All I see a giant dartboard unless there is some logic behind it.
  • #290
  • Nov 16, 2014 3:06am Nov 16, 2014 3:06am
Quoting kraven
{quote} thanks for the info fezmar. I just watched the 15m EU form a worm hole, the next candle moved away. price returned some 17pips later. got me thinking. maybe we should have 2 charts with different timeframes (say 15 and 1min or 30 and 5min). Say we get a wormhole on the higher timeframe and price moves UP , only start selling price when the smaller timeframe shows a wormhole in the same direction??? i'm looking at this now with a 15 and 5 TF. this would require a move up from the wormhole on the 5min TF also
Interesting, please let us know of your findings.

D.
  • #291
  • Nov 16, 2014 4:41am Nov 16, 2014 4:41am
Quoting fezmar
{quote} should be easy enough, I have a question though, do you want it to delete as soon as price touches it again? I.e if it draws one at 1.2681, then price goes to 1.2682 and one second later back down to 1.2681 should it delete the line? Or do you want it to move a minimum distance away first
if the price touches the lvl even if it is just 0.1pip more.
  • #292
  • Nov 16, 2014 11:42am Nov 16, 2014 11:42am
Quoting DirkH143
{quote} Interesting, please let us know of your findings. D.
the move was small on the 15m before the 5min had a wormhole. the 5m candle on which the wormhole appears was green (up), which continued up to hit 15m wormhole (about 6-7pips)
  • #293
  • Nov 20, 2014 2:00pm Nov 20, 2014 2:00pm
This thread seems to have died off quite quick. did know one find a good us for this??
  • #294
  • Nov 20, 2014 9:29pm Nov 20, 2014 9:29pm
Quoting kraven
This thread seems to have died off quite quick. did know one find a good us for this??
the problem with thid wormhole is once u hit the bad trade u get big drawdown or margin call
  • #295
  • Nov 20, 2014 9:57pm Nov 20, 2014 9:57pm
That's the problem with any trade you place, ever, no matter the basis on which you entered the trade.
Open to new approaches.
  • #296
  • Nov 22, 2014 4:41pm Nov 22, 2014 4:41pm
Hello metalCOder,
l have been following your thread for the wonderful system ,and the result seems amazing . But one thing i don't know is that if it can be adjusted to trade mini lot .
l want to try it first on demo be i apply it my live account .
l will be glad if you can advice me how to adjust it to use small account.
kind regard.

Robert Eki
  • #297
  • Nov 23, 2014 1:43am Nov 23, 2014 1:43am
Quoting eki
Hello metalCOder, l have been following your thread for the wonderful system ,and the result seems amazing . But one thing i don't know is that if it can be adjusted to trade mini lot . l want to try it first on demo be i apply it my live account . l will be glad if you can advice me how to adjust it to use small account. kind regard. Robert Eki
this not a ea that place order for you its just indicator oky
  • #298
  • Nov 24, 2014 1:15pm Nov 24, 2014 1:15pm
Hi I ve read thru and thru but the depth of the system still elude me .can any of u titan offer any help
  • #299
  • Nov 24, 2014 2:18pm Nov 24, 2014 2:18pm
thanks for posting
  • #300
  • Dec 1, 2014 11:34am Dec 1, 2014 11:34am
The wormhole concept could be added to almost any system, I would think.

There are other things you would want to look at in a trade setup other than just where the market is in relation to the last wormhole or some group of recent wormholes.

If the market takes off in disfavor of your wormhole-based trade, and you are surprised by that and experience an unacceptable loss because of that, it simply means you did not do enough thinking in advance about how to handle a situation where the market does something other than what you want/expect it to do. Basic stuff.
Open to new approaches.
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