Pip Accumulator

[Fortuna1713006009]

LukeB

 

Thank you for Signal Amalgamate. Great indi. Would you be so kind to explain what is the difference between Last Candle and II Pip Accu method ?

[⭐ LukeB]

Fortuna - "the difference between Last Candle and II Pip Accu method"

 

The Last Candle method is supposed to find the last candle completed for each Period for the candle the probability is being calculated for (the Time[1] candle for all Periods at time the current Period() candle became the Time[1] candle), versus using the same candle number for all Period's.

 

Example - Assume you are getting the probabilities for the M5 Time[12] candle and that the Time[0] candle has just started (and no time has passed since it started, as our resolution is to the second with datetime variables). The Time[12] M5 candle ended 55 minutes ago ( (5*12)-5 = 55, started 60 minutes ago and ended 55 minutes ago). Unless I'm mistaken, the II_PipAccumulator will calculate that Time[12] M5 candle's probability using the Time[12] M1 (minute) candle (ended 11 minutes ago, and not in existence at the time that Time[12] M5 candle was created) and do similarly for other Period calculations. To be always consistent, the Time[12] M5 candle's probability should be calculated with the Time[56] M1 candle (started 56 minutes ago and ended 55 minutes ago ), as that is the last complete M1 candle in its Period.

 

Now, I think the logic in that candle selection function needs to be reviewed to see if it really does the job. A task for another day.

Edited November 29, 2011 by LukeB

[Roels Major]

Hi, Psaini....fantastic job...I see u open 3 trades simoultanously at the same time...could i get a script for that? Thanks

[Fortuna1713006009]

Luke B. You are good Mql4 coder. Thanks for explanation. Next question: I do not understand why: when arrow for sell shows up the Master Probability shows me signals buy line. We have two lines one is for buy, second is for sell.

[psaini1973]

Hi, Psaini....fantastic job...I see u open 3 trades simoultanously at the same time...could i get a script for that? Thanks

 

Hi roels major. i manually enter and exit trades. i have never used any scripts and have no knowledge about it also so as to how to use it. But yes i am thinking if there is some sort of system where i can enter or exit all the 3 trades at one click.

[psaini1973]

Just tried to cash the fast spike but couldnt manage, Just left the pc 4 lunch and it moved like a flash, entry was very late exit was too early, was not sure which way will it go after such a fast run to R2

 

Loss of $ 124.

 

Check Out : http://img832.imageshack.us/img832/7598/eures.gif

 

http://img832.imageshack.us/img832/7598/eures.gif

[Fortuna1713006009]

LukeB. I added 0 line level and backround with Labels of TF.

 

Would you be so kind to add signals of second line?

 

http://www.multiupload.com/GDOKJH2WOB

[Fortuna1713006009]

psaini1973,

 

As far as I know you trade on 5M Time Frame and you are looking for confirmation signal from 15M flipping between TFrames? Am I right? Do you look for Probability Meter as well ? I am asking because I am still on my way to understand the logic that is behind ProbMeter.

[psaini1973]

psaini1973,

 

As far as I know you trade on 5M Time Frame and you are looking for confirmation signal from 15M flipping between TFrames? Am I right? Do you look for Probability Meter as well ? I am asking because I am still on my way to understand the logic that is behind ProbMeter.

 

Yes u r right i keep on flipping between th 5 min and 15 min tf charts, i do look at prob meter but there are some more imp things also . like the pivot, resistance and support lines. i have many times jumped the prob meter reading and took the trades and have been successful, but prob meter reading is imp. part of this system.

[nnn123]

Pip accumalator uses all lagging indindicators MACD RSI MA etc Adding or changing at least one to a leading indicator would greatly enhance performance

 

Hi Vikram,

 

Which Leading indicator are you talking about? Can someone incorporate and see what the results would be?

 

Thanks.

[hankt80]

psaini can you pls share the system you using in this thread, there is many uploads here and Im really confused which one you using?

Thx

Regards

HankT

[psaini1973]

psaini can you pls share the system you using in this thread, there is many uploads here and Im really confused which one you using?

Thx

Regards

HankT

 

Simple Ver., very basic, single TF probability.

 

http://www.multiupload.com/U50PZHJPMX

[freddy]

Hi roels major. i manually enter and exit trades. i have never used any scripts and have no knowledge about it also so as to how to use it. But yes i am thinking if there is some sort of system where i can enter or exit all the 3 trades at one click.

 

Best scripts collection on ff.

 

 

for your needs, you might try this one (on demo first of course ;) ):

 

http://www.forexfactory.com/showthread.php?p=3073138#post3073138

post#12 item#32

 

 

hope it helps

[canforex]

TP of 20 missed by 2 pips, so closed at BE. Entered after clear break of Pivot.

 

http://img689.imageshack.us/img689/9919/nov292011.gif

[psaini1973]

Best scripts collection on ff.

 

 

for your needs, you might try this one (on demo first of course ;) ):

 

http://www.forexfactory.com/showthread.php?p=3073138#post3073138

post#12 item#32

 

 

hope it helps

 

 

Thanks Freddy for the help, can u tell how to install it in MT4. and how to use it. i have never used these things. Thanks

[evilspeculator]

Hi,

 

Just started to look into this system. The arrow from the pip accumulator is based on what ? MA cross?

[saraa]

Hi friends

I want to test and learn this good strategy but i dont know the start point .

As you see read the 105 page of a thread is a very hard work .

Is it possible help me on start point ????

Are you follow the original document and indicator and rules ???

Seems depend on experience friends change its rules

How can i learn and know about changes ....

Thnaks

 

 

Saraa

[psaini1973]

Took a trade Going no where, had to close as "FOMC Member Yellen Speaks". and London will close in another 30 Min or so .

 

Loss of $ 102

 

Todays Total Loss is $ 226 :(

 

Check Out: http://img528.imageshack.us/img528/9384/euri.gif

 

http://img528.imageshack.us/img528/9384/euri.gif

[saraa]

Dear Psaini1973

Do you work with original rules and indicator ????

 

 

 

Took a trade Going no where, had to close as "FOMC Member Yellen Speaks". and London will close in another 30 Min or so .

 

Loss of $ 102

 

Todays Total Loss is $ 226 :(

 

Check Out: http://img528.imageshack.us/img528/9384/euri.gif

 

http://img528.imageshack.us/img528/9384/euri.gif

[freddy]

Thanks Freddy for the help, can u tell how to install it in MT4. and how to use it. i have never used these things. Thanks

 

To install it, copy the .ex4 or .mq4 file to experts\scripts folder of your MT4 installation and restart MT4.

It will appear under ’scripts’ in your Navigator window, then you can attach it to chart.

[freddy]

Hi friends

I want to test and learn this good strategy but i dont know the start point .

As you see read the 105 page of a thread is a very hard work .

Is it possible help me on start point ????

Are you follow the original document and indicator and rules ???

Seems depend on experience friends change its rules

How can i learn and know about changes ....

Thnaks

 

 

Saraa

 

 

Dear Saraa,

 

It is not that hard to read the whole thread, and if you are not prepared to do so, or have the patience to read it, because you want to trade right now, no time to loose to learn, then I would say (don't take it personal, it is for all people thinking like you), then i would say you will have hard time to become a trader and become profitable.

 

I don't want to be rude, here,

but, hey come on, post any questions (even dumb ones, it's ok) if you don't understand something, but PLEASE, make the little effort to find answers by yourself.

 

It's not the Reader's Digest, you need to give some time to learn.

 

I understand, sometimes, it is not necessary to read long, very long threads, when you are not sure if the systems discussed are profitables,

but here, you can follow our dear friend Psaini who trades this strategy with good success, so make the effort to read (at least) all his posts since the beginning!

 

That way, you respect his efforts and in return, you will be respected too.

 

Have a great day.

freddy

[hermes]

...and some traders have a problem with English also...and translating causes many headaches...that's why they are desperate...

Hermes

[⭐ LukeB]

Fortuna - updated your changes.

http://www.multiupload.com/IFL8HUQB8E

 

Added GetNearCandle() method.

There is no perfect way to get and calculate historical probabilities and have them match a live candle probability calculation. I think the nearest candle method is the best compromise. The code now has three ways to handle getting the candles for the indicator - I defaulted it to the Nearest Candle method:

II_PipAccumulator method:

- Advantage: Current probability is responsive and uses current signal data.

- Disadvantage: Historical candle probability calculations can use data far removed from the time of the candle being addressed.

Last Candle Method:

- Advantage: Current and historical candles are calculated the same way.

- Disadvantage: Current Probabilities are calculated with stale data, making them unresponsive to the current price action.

Nearest Candle Method:

- Advantage: The current probability calculation is responsive and uses current signal data. Historical Candle calculations use data from other timeframes 'near' to what would have occurred in a live candle calculation.

- Disadvantage: Historical Candle probability calculations are not exactly the same as the Current / Live candle calculation.

Edited January 6, 2012 by LukeB
changed to working file reference

[psaini1973]

@ saraa:

 

Simple Ver., very basic, single TF probability.

 

http://www.multiupload.com/U50PZHJPMX

Rest details i think u can read and follow the thread. Thanks

[psaini1973]

Hello frnds , today is a day full of terrifying news, Euro, USD,CHF, Pound all lined up one after another,. i am unable to find a sweet spot to trade, majority chances are i wouldnt trade today.