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Alien's Extraterrestrial Visual Systems

  • #15,121
  • Feb 11, 2016 1:03pm Feb 11, 2016 1:03pm
Quoting ebitalebi
OK guys here is another beautiful approach thanks to Alien and Nihilist. This approach is solely based on momentum. No other indicators. Just Nihilist Ultra ADX. we want to enter a trend which is going back to its main direction. Now we have three important questions: 1- How to find a trend? it's easy with ADX. 2- How to find a retracement? it's also easy thanks to ADX. 3- When it is safe to enter the trend? It is also very easy using ADX. ADX is a very powerful indicator. This approach is like the one that is used by Thiagorosa....
Hi Ebittalebi, i think the settings for the adx should work for even lower time frames yeah?
My help is in the name of the Lord who made heaven and earth.
  • #15,122
  • Feb 11, 2016 1:04pm Feb 11, 2016 1:04pm
Quoting Bentleyman
Thanks JP, I have, but the reports too soon or too late{quote} {image}
Alien told us to remove the alert because it was not valid and also noisy. Cheers.
Per aspera ad astra
  • #15,123
  • Feb 11, 2016 1:38pm Feb 11, 2016 1:38pm
Quoting Albertdkpllh
{quote} Hi Ebittalebi, i think the settings for the adx should work for even lower time frames yeah?
Yes it works but the higher the time frame is the lower the noise will be. For example test it on gold h1 and you will see how accurately it can give you signals.
  • #15,124
  • Feb 11, 2016 1:56pm Feb 11, 2016 1:56pm
Quoting ebitalebi
Hi emonts I realized that the indicator when is used in M5 somehow ignores the direction of H4 Rsioma and continues to giving signals while the H4 Rsioma is not above 80. would you please explain its code? and is it possible to filter the indicator to the slope of all rsiomas to give buy signals when all conditions are met and the slope of all Rsiomas are up? Thanks in advance.
Hi,

There was a bug (copy-paste) in the indi.
Tetulla showed me.
So I changed it.
I added the slope filter and you can enable/disable by a parameter.

One remark.
In the sample charts you recalculated for RSIOMA of the higher TF's the period for f.i. the M5 chart.
Doing this you do not get exactly the same values as you would have for the RSIOMA in a higher TF.
In the M5 chart you represent the M5 RSIOMA by taking a period of 672.
But every new bar the RSIOMA is calculated over the last 672 periods. Its a kind of floating RSIOMA over the last 4 hours.
For the slope filter i use for the slope the difference between actual RSIOMA and in this sample the RSIOMA 672 bars back.
Only for the two highest TF's.
I hope i could make my point clear.

This means there is a small discrepancy in calculations and graphical presentation.
Feel free to react/discuss if this is the proper way of doing.

BR

Attached File(s)
File Type: mq4 AA_RsiOma_Ebi_Sym_V1.02.mq4   13 KB | 633 downloads
It is not important how often you fall down, but how often you get up again
  • #15,125
  • Feb 11, 2016 2:36pm Feb 11, 2016 2:36pm
Quoting emonts
{quote} Hi, There was a bug (copy-paste) in the indi. Tetulla showed me. So I changed it. I added the slope filter and you can enable/disable by a parameter. One remark. In the sample charts you recalculated for RSIOMA of the higher TF's the period for f.i. the M5 chart. Doing this you do not get exactly the same values as you would have for the RSIOMA in a higher TF. In the M5 chart you represent the M5 RSIOMA by taking a period of 672. But every new bar the RSIOMA is calculated over the last 672 periods. Its a kind of floating RSIOMA over the...
Thanks a million for your efforts. I will test it and will report the results. I know it is too much to ask but would you please look at the other approach I posted earlier about using 15 adxs to trade? It is very powerful and more mechanical than other approaches. Today I visually backtested it and out of 60 signals 32 were profitable but those trades doubled the account because this system has a very high risk vs reward ratio.
Thanks in advance.
Best regards

Attached Image (click to enlarge)
Click to Enlarge Name: ADX test on H1.png Size: 141 KB
  • #15,126
  • Feb 11, 2016 4:41pm Feb 11, 2016 4:41pm
Quoting pphuong
{quote} Hello, what is the exit rule for the 15 adx?
He said it was on the first four squares of adx turning green (for a downtrend). Check his post again,the answer is there.
Work smarter,not harder
  • #15,127
  • Feb 11, 2016 4:53pm Feb 11, 2016 4:53pm
This is the result of AA_RsiOma_Ebi_Sym_V1.02 on EUR/USD. it is promising I think. most false signals can be avoided if it was traded manually. But still it is profitable and that is a good start.

Attached Image (click to enlarge)
Click to Enlarge Name: Rsioma Test.png Size: 151 KB
  • #15,128
  • Feb 11, 2016 5:21pm Feb 11, 2016 5:21pm
In post 15112 is there an indicator with the 15 adx's?
  • #15,129
  • Feb 11, 2016 5:25pm Feb 11, 2016 5:25pm
Quoting g-unit
In post 15112 is there an indicator with the 15 adx's?
you need Nihilist Ultra ADX in your indicator folder. Then download the template in that post and apply it to your chart.
  • #15,130
  • Feb 11, 2016 5:37pm Feb 11, 2016 5:37pm
Quoting ebitalebi
{quote} you need Nihilist Ultra ADX in your indicator folder. Then download the template in that post and apply it to your chart.
Once again,yours findings are incredible.
How do you managed to get the values of the others speeds of adx?
I suppose they are related with the next tf and the next too. 5(H1) x 5(H4) x 5(D1)?
Definitely this one should be for an EA, we can also enter with only 13 adxs?
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDmicroH1.png Size: 27 KB
Work smarter,not harder
  • #15,131
  • Feb 11, 2016 5:50pm Feb 11, 2016 5:50pm
I have Nihilist Ultra ADX in your indicator folder but for some reason its not appearing on my charts?Does anybody have the indicator?
  • #15,132
  • Feb 11, 2016 6:03pm Feb 11, 2016 6:03pm
Quoting ebitalebi
{quote} Thanks a million for your efforts. I will test it and will report the results. I know it is too much to ask but would you please look at the other approach I posted earlier about using 15 adxs to trade? It is very powerful and more mechanical than other approaches. Today I visually backtested it and out of 60 signals 32 were profitable but those trades doubled the account because this system has a very high risk vs reward ratio. Thanks in advance. Best regards {image}
Hi,

Lets see what can be done.
Today i coded an indi which produces the same results as the nihilist_ultra_adx.
This makes life much easier.

Will be weekend work.

BR
It is not important how often you fall down, but how often you get up again
  • #15,133
  • Feb 11, 2016 6:07pm Feb 11, 2016 6:07pm
Quoting marcof91
{quote} Once again,yours findings are incredible. How do you managed to get the values of the others speeds of adx? I suppose they are related with the next tf and the next too. 5(H1) x 5(H4) x 5(D1)? Definitely this one should be for an EA, we can also enter with only 13 adxs? {image}
Thanks. actually the the idea belongs to Alien (he mentioned you can only trade ADX as a stand alone system).

Yes speeds are based on m5-H4 ADXs. then I removed the numbers which were close to each other and 15 ADXs were left. I think we can use other combinations like Fibonacci sequence but whatever method you use the main idea is the same. you want to see the big picture.

this approach can be tweaked and filtered to give better results for example ignoring the buy signals when you see the price is obviously making lower highs.
  • #15,134
  • Feb 11, 2016 6:13pm Feb 11, 2016 6:13pm
Quoting emonts
{quote} Hi, Lets see what can be done. Today i coded an indi which produces the same results as the nihilist_ultra_adx. This makes life much easier. Will be weekend work. BR
Thanks again. Looking forward to seeing your new indicator.
  • #15,135
  • Feb 11, 2016 6:35pm Feb 11, 2016 6:35pm
Hi, I can help with the testing of different TF and currency pairs on the weekend, just to specify the conditions for entry and exit.
Enter buy of all the green or blue output the first red.
Enter the sale of all red or orange output the first green?
  • #15,136
  • Feb 11, 2016 7:14pm Feb 11, 2016 7:14pm
http://assets.forexfactory.net/images/attach/ex4.gif Nihilist_Ultra_ADX.ex4
Quoting g-unit
I have Nihilist Ultra ADX in your indicator folder but for some reason its not appearing on my charts?Does anybody have the indicator?
  • #15,137
  • Feb 11, 2016 8:45pm Feb 11, 2016 8:45pm
Quoting ebitalebi
OK guys here is another beautiful approach thanks to Alien and Nihilist. This approach is solely based on momentum. No other indicators. Just Nihilist Ultra ADX. we want to enter a trend which is going back to its main direction. Now we have three important questions: 1- How to find a trend? it's easy with ADX. 2- How to find a retracement? it's also easy thanks to ADX. 3- When it is safe to enter the trend? It is also very easy using ADX. ADX is a very powerful indicator. This approach is like the one that is used by Thiagorosa....
What are the ADX values you have used?
BR
  • #15,138
  • Feb 11, 2016 8:53pm Feb 11, 2016 8:53pm
This thread is on to something enormous.Some wise minds are active and working together.
  • #15,139
  • Feb 11, 2016 9:10pm Feb 11, 2016 9:10pm
Thanks to everyone for keeping this thread alive. It is one of the best on FF. Great work everyone. It is really appreciated by a lot of people.
Be Patient....
  • #15,140
  • Feb 11, 2016 9:39pm Feb 11, 2016 9:39pm
Thanks Bentleyman, but when I attach it I only get one.I added the 7,21,42,89,144.How do I get the 15?
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