10.4 A Complete System

[nanningbob]

One news article to notice:

Chinese Malls Waive Rents as Vacancies Loom: Real Estate

Chinese landlords are forgoing rent and paying to outfit stores for mass-market fashion brands including Zara and H&M, a bid to blunt the impact of a boom in shopping-mall construction that threatens to push up vacancies.

http://www.bloomberg.com/news/2013-07-0 ... state.html

Another news article to notice:

World's largest building opens in China

http://www.cnn.com/2013/07/01/travel/ch ... index.html

Though the words "world's largest" usually bring to mind an image of a towering skyscraper, this project actually isn't all that tall. But it's certainly big.

At 500 meters long, 400 meters wide and 100 meters high, the 1.7-million-square-meter mega-structure is capable of housing 20 Sydney Opera Houses and almost three times the size of the Pentagon in Washington, D.C.

The Global Center, which opened June 28, is home to business offices, hotels, theaters, shopping malls, a faux Mediterranean village and family-themed attractions such as a water park called Paradise Island.

[Pedigree]

Until we get a solution, just use a bit of judgement ... if the Rsi2 "should" not be up/down at a price level, then treat it with suspicion ... try other Rsi2 as posted by Jeremy, and reproduced below:

At this point, and without meaning to rock the boat, I think this is worth mentioning:

Sometime back, Bob asked for anyone with LaGuerre RSI indicators to make them available and he immediately had a handful of them uploaded for him. I looked at a couple of them and, out of the lot, picked one that looked especially nice! I ran it alongside RSI2 and was surprised to find that it gave much better signals than the latter! I have since stuck with it.

To verify this, all you have to do is put both on an H4 chart and run them in strategy tester. Or, for that matter, take a look at what both are indicating (in attached charts) even as we speak (the RSI2 in the charts is Jem's latest):


EDIT
Graciously modified by fxdaytrader into v1.1 (attached) which:
1. Gives going-up and coming-down signals at user-settable levels
2. Includes option to set no. of bars RSI has to be pinned before alerts are given

[nanningbob]

Concerning the GBP Prince C of England, do you really think they made him the highest paid central banker to keep his mouth shut. It used to be Benny Boy and Dragon Head, then Emporer K joined the crowd and made the JPY session worth trading again. Now Prince C is coming. Imagine each one can speak once a week ............... Imagine what the markets will do if they speak twice a week. Imagine if ............ well you get the picture. Exciting times to be a trader.

Mark Carney faces a daunting task as new Bank of England governor, but he'll enjoy the richest compensation deal of any major central banker in return. Expectations are high that the much-lauded former Bank of Canada governor will be able to work magic with the U.K. economy. In a time of deep austerity, he must balance the need to control inflation with demands to boost lending to households and businesses.

[tommm]

...looks odd also, nothing like Ingots.

Totty - it's identical to mine - CHFJPY ... as Jeremy said.

CHFJPY_4H.JPG

Until we get a solution, just use a bit of judgement ... if the Rsi2 "should" not be up/down at a price level, then treat it with suspicion ... try other Rsi2 as posted by Jeremy, and reproduced below:

MTF TMA Slope RSI Visual.ex4

Take care

EDIT: Oops ... Jeremy beat me to it by mere minutes

This problem discus in http://www.stevehopwoodforex.com/phpBB3 ... RSI+Visual
I try to fix 10.4 4H RSI2.mq4

Code: Select all

double GetSlopeRSI(string symbol, int tf, int shift)
{
   double slope[];
   int workPeriod = 17;                                         // RSI period Bob's default = 2, + overhead
   ArrayResize( slope, workPeriod );
   ArraySetAsSeries( slope, true );
   for ( int i = 0; i < workPeriod-1; i++ )
   {
      slope[i] = GetSlope( symbol, tf, shift + i );
   }
 return( iRSIOnArray( slope, workPeriod,2, 0 ) );    // Again, 2 is Bob's default
 
 
}

Just added -1 in:

Code: Select all

 for ( int i = 0; i < workPeriod-1; i++ )

Now need testing.

Tom

[Ingot54]

Back to the JPY bond buying program again this month.
Once again Japan will try to weaken its currency with another round of bonds.

I would continue to see aud, nzd, jpy, weakness with any sudden news
causing all sorts of volatility. Nothing you can do about that but be prepared.

JPY should weaken against eur, chf, gbp, usd.
USD/JPY if it breaks 100 again ... key R line will be the 103 mark.
Dont know if it will weaken more than aud, nzd, cad, so it could
be sitting in the middle more on the CSS.

Watching to see how many JPY pairs will cross the 240 line this month.

chf/jpy, usd/jpy, and eur/jpy have already crossed the 240 line
gbp/jpy, cad/jpy, nzd/jpy are knocking on the door right now
and trailing and seeing who can win the weakness contest is the aud/jpy

I do not expect the same kind of moves we saw in April and May so
will be more conservative and less aggressive than before.

With the highly successful BOJ Bond Auction this morning, investors were happy to take higher yields, with a lower bid-to-cover ration than last month.

My interpretation is that the slightly higher yields in these 10yr bonds, point to rising inflation, though mild at present. Just what the doctor ordered.

Now ... the issue day will be Thursday 4th July ... a firecracker day for the BOJ, because the issue raised Y2.1847 trillion YEN, or USD$21.9billion. That's quite a war chest for one month, coming off the back of improved buoyancy because the BOJ also announced its highest monetary base ever.

Could be "game on" again this month ... this Thursday?

[nanningbob]

Back to the JPY bond buying program again this month.
Once again Japan will try to weaken its currency with another round of bonds.

I would continue to see aud, nzd, jpy, weakness with any sudden news
causing all sorts of volatility. Nothing you can do about that but be prepared.

JPY should weaken against eur, chf, gbp, usd.
USD/JPY if it breaks 100 again ... key R line will be the 103 mark.
Dont know if it will weaken more than aud, nzd, cad, so it could
be sitting in the middle more on the CSS.

Watching to see how many JPY pairs will cross the 240 line this month.

chf/jpy, usd/jpy, and eur/jpy have already crossed the 240 line
gbp/jpy, cad/jpy, nzd/jpy are knocking on the door right now
and trailing and seeing who can win the weakness contest is the aud/jpy

I do not expect the same kind of moves we saw in April and May so
will be more conservative and less aggressive than before.

With the highly successful BOJ Bond Auction this morning, investors were happy to take higher yields, with a lower bid-to-cover ration than last month.

My interpretation is that the slightly higher yields in these 10yr bonds, point to rising inflation, though mild at present. Just what the doctor ordered.

Now ... the issue day will be Thursday 4th July ... a firecracker day for the BOJ, because the issue raised Y2.1847 trillion YEN, or USD$21.9billion. That's quite a war chest for one month, coming off the back of improved buoyancy because the BOJ also announced its highest monetary base ever.

Could be "game on" again this month ... this Thursday?

Unlike last month when JPY pairs just wouldnt cross the 240 line, several have already crossed and others are knocking on the door. Aud/JPY maybe the only one that may not run this time.

[Ingot54]

I'm looking at AUDNZD and can see diversion now, as AUD drops.

NZDJPY on the other hand is set to break through the 240 line north, and the CSS has the NZDJPY crossing right now on the ZERO line.

I am thinking of entering at the NZDJPY WR1 (ie right now it is hitting that pivot) and placing further pendings at WRM2 and WR2 and so on.

Watching ...

[thelearner]

if anyone kindly post the parameters for STO5...I can't find my old template with STO indi.
thank you

[Ingot54]

if anyone kindly post the parameters for STO5...I can't find my old template with STO indi.
thank you

The STO5 is simply made by the template from the Stochastic Oscillator in the Empty4 Indicators, so you don't actually have a "STO5" Indicator as such.

I have uploaded the two templates that will help you construct charts using the STO5.

10.4 v 1.02.tpl

10.4 v 1.01.tpl

Hope that helps

Ivan

[eltax100]

I have also replicated Bobs simple template