iwjw

Really interesting behaviour

People are requesting a commercial thingy, bumping it all over again, and when they got it....you're hearing nothing from them

This forum is not only about sharing the tool, but also sharing the experience with the tool.

I posted, that I'm thinking that this indi is a repainter

cuongcali posted, that it doesn't repaint

It could be, that M5 is too low in case of the indi is using multiple timeframes

I don't know the code, so it could be

anyone else tested or just a addon to the collection of gazzilion of indicators?

I got a sell signal eurusd M5 about 20 mins ago and the arrow jumped back 2 bars to the left to show a higher entry for the short.

The arrow/signal is generated while the candle is still open...so there is a good chance that it disappears. On higher timeframes like H4 that could lead to a reverse of a signal...buy-> sell or vice versa.

You can compare the time of the alert in the experts tab with the actual position of the latest arrow to see what's going on

My sell arrow just jumped 7 bars to the right

FORGET THIS INDICATOR

But I'm not done with the indi yet

I'm looking at it a little bit differently for it's use as an breakout indicator

We sometimes get areas where the dots are in a row with only slightly different values....consolidation

Maybe a breakout of this areas is profitably tradable

I ran the indi with my tool for 2012 on H1 and it's about breakeven for the year. So I wouldn't be interested to built an EA around it.

Same problem as all trendfollower I know are ranging markets that drain your profits

Still missing the grail part

http://i.imgur.com/GMqrI.gif

Complete graph at //i.imgur.com/GMqrI.gif

That's the reason for repainting/lagging (the bold part):

if (Low < Low[i+1] && Low < Low[i-1] && High < High[i+1] && High < High[i-1])

I've coded an EA and posted it in the other S&F thread

No matter what settings you are using, the strategy isn't profitable over time

It has it's good periods but then runs into a series of losses

hmmm...50% of a range prior to a fixing point

where have I seen that recently?

Is this KD reloaded or is it the other way round?

If KD doesn't work (and it doesn't) this won't work also

edit:

just to get my sevenhundreds post

I don't understand what you are saying about 24 levels and 24 fold profit, but you are probably right in your assessment just that I don't understand what you meant. But still, I don't see any problem sticking to one broker only for the signals and candlestick open/close, keeping consistency with one broker's timesetting. After all we can test it out and see for ourselves. Over analyzing on paper just get stuck in the mud.

Let's assume your broker is GMT+0 and my broker is GMT+3

You are getting your levels and hopefully make some profits and I get my levels, that are different from yours, because my daily open is 3 hours earlier than yours. But hey, we are both making profits so why wouldn't you trade both times and probably make 2 fold profit. I for sure would trade your levels also. Now you can expand this over a 24h period and get 24 sets of levels and all should work.

And here's where the scratching starts...

Then stick to the same broker that you depend on for the signal. That way you get consistency in results. Don't think complicated, just the same rules on the same broker.

Probably I expressed myself a little bit poorly

What I wanted to say is that I suspect a system to work if it's not designed for a certain time when the daily rollover has to be set. Otherwise I could trade 24 levels/day and make 24 fold the profit compared with one broker alone

I'm always having difficulties with systems that are based on the daily candle and MT4

Depending what timesetting your broker is using there can be significant differences in the shape of the candle

If this system is profitable with a GMT+0 broker and also with a GMT+3 or whatever broker I'm coming to the conclusion that

a) the system is based on the last 24 hours that somewhere might be split into 2 days

b) there should be new levels each hour because each hour there is a beginning of a new day (if you take 24 broker each with a different setting)

Am I missing something?

This system is losing about 66% of the trades and that's too much for R/R=1:2 (I tested with fixed lotsize w/o further mm)

So what you can expect over a years period is breakeven give or take a few

But that said it seems to be Karl's best system so far

I don't know how Karl got his 80+% winning trades (maybe in his best month)

ok guys,

if you absolutly don't know what to do with your time over the weekend, here's the 50pips EA

www.4shared.com/file/2ApaF5S5/_50pipsKD_2.html

Settings as follows:

LongOnly/ShortOnly:

If you want to trade/test one direction only you can set it here

InvertedStrategy:

if set true, sellstop becomes buylimit and buystop becomes selllimit

MinRange/MaxRange

you can define what the minimum/maximum rangesize is. If the range doesn't match ->no trades

AutoTradeMinlots:

if set true always trade with the smallest availlable lotsize (setting in Lots is ignored)

Lots:

if AutoTradeMinlots is false this is the relevant lotsize

UseMM:

if set true, lotsizes are depending on the size of the range and the stoploss

MaximumRisk:

Percentage of Equity the trade will risk

TakeProfit/TP_multiplier:

If TakeProfit is >0 then it's taken as an absolute value

Otherwise the TP_multiplier defines the target in multiples of the range

StopLoss/SL_Muliplier

same behaviour as Takeprofit

Breakeven/JumpingStop

Same behaviour. If you not want to use it leave it at the high number

StartHour/EndHour

Defines the timewindow for the range

Please don't ask me what the settings for your broker are!!!

HoursExpiration:

If set to zero, the trade will stay until it gets triggered

If you find a setting that is profitable over a few years period, post it here

This system is losing about 66% of the trades and that's too much for R/R=1:2 (I tested with fixed lotsize w/o further mm)

So what you can expect over a years period is breakeven give or take a few

But that said it seems to be Karl's best system so far

I don't know how Karl got his 80+% winning trades (maybe in his best month)

I think it doesn't matter which level(based on pure numbers) you take, they should all have the same probability in the long run.

One of the most respected levels I've seen so far are the pivots. The problem with the pivots is that they are depending on the broker's time. For me 00:00 GMT seems to fit fairly well. You can often see price consolidating at a level and then breaking out in either direction or a break(test)/retouch(retest) before going to the next level

The backtest of this EA isn't reliable

The EA is working with future values

g_ilow_1256 = iLow(g_symbol_516, PERIOD_D1, 0);

the correct way has to be to calculate the temporary low since midnight off of the M1 data because during BT the low/high of the day is known as soon as the daily candle starts

Did you run the EA in a forward test?

data for EURUSD is missing in the filepost download

Could you upload the .txt for e/u only?

I'm smelling scam here

launch date passed and nothing happened

new launch date postponed for an undefinite time

Thanks for that JWJW. I tried searching both II and Google without success. Would you mind sharing it?

 

I am looking at 2, 3 amd 4 pip bricks at the moment but the 'trend' idea sounds just the job to keep us out of a few failures.

Here you go:

www.4shared.com/rar/t21a52Vt/supertrend.html

I'm using the Supertrend_Candles indicator for a better visibility

I maybe recode a part of the underlying Supertrend indi because it's running through all bars on each tick but doesn't neccessarily repaint (as far as I could see)

What I like is that you don't get whipsawed with trend changes although price might be running against the trend the indi is suggesting

The indi isn't unfaillable and I'm currently looking for patterns:

- How often do we get at least 2 same colored bricks after a trend change (transition green->red or red->green)

- How often does an immediate reverse of a trend change lead to a continuation of the prevailing trend

i.e you get a green->red transition with a down-brick immediately followed by a up-brick. Is there a high probability that the next brick will also be a up-brick so that it becomes tradable?

These two patterns are working fine on the mini S&P future with 1point brick size, but I can't get enough historical data (that's by the way a great challenge for all instruments to get high qualitiy 1 minute data in sufficent amount)

Freddie brought me back to where I gave up more than a year ago...renko and it's derivatives (crb and cdb)

Thanks for that, Freddie

I'm currently playing around with a combination of 5/10/15 pips bricks

I've coded a quick-and-dirty ea that is buying after a brick up and selling after a brick down with some manually intervention

Made me about 160 demo-pips net today (280 realized with 120 current drawdown)

I just changed the brick sizes to prime numbers not to have 3 entries at the same price

What's looking interesting is if you overlay the "SuperTrendCandles" indicator (to be found either here on II or google) and only buy the up-bricks when the indi says buy and vice versa

thanks for maintaining this thread Freddie :)

 

anybody has the indicator or script to create range bar chart on Mt4?

www.4shared.com/rar/DkdzhqEN/CRB.html

synbar is an indicator and the other one is an ea

didn't use them for trading so far

I'm interested in the constant distance bar ea (RenkoPaul_c_)

I only have the .ex4 but I need the .mq4 because the ea has a severe bug

Would be nice if someone could help me here

hi everyone

my inbox is free now so you can send me message .

I found this broker is list of FPA and it has 4 Stars and it is regulated broker.

and about the candels I did not see the real account yet and that's why I'm asking for someone who can open real account with them to see how is real account

Did you take a look at the terms and conditions?

Scalping:Most of the trades must be open for more than 5 minutes

amazing system...but I'd like to know why it's tied to a certain broker, if it's not some kind of arbitrage or lagging price feed the system is built upon

edit:

looks like prices of this special broker are very often 3-5 pips away from market before converging

so this should not work in a real account