10.4 A Complete System

[Elixe]

Hi Bob,

I've modified the dummy lights, find attached the indi. Anyone downloading it wait for Bob to confirm it's working as intended before basing decisions on it please

To make the rules clear, please correct me if I misunderstood them :

H4 GREEN BAR : Bid above MA240H4 and MA60H4
H4 OLIVE BAR : Bid is between the two MA but above MA240H4
H4 GOLDENROD BAR : Bid is between the two MA but below MA240H4
H4 RED BAR : Bid is below MA240H4 and MA60H4

H1 GREEN BAR : Bid is above MA240H1 and MA60H1 but below MA15H1
H1 RED BAR : Bid is below MA240H1 and MA60H1 but above MA15H1

All MAs are LWMA / PRICE OPEN
You can now right click / refresh to force redraw if there are no ticks incoming

You can send me your request on Excel, I'm using it regularly in job and might give some help

[Polyglot]

I need someone who is good at setting up a math formula within an excel program. If this is something you can do please send a message to me and I will give you the particulars.

Hi Bob,

I tried to send you a PM, but it seemed to me that the message got stuck in the outbox, so here I go again:

I am reasonably experienced in handling advanced formulas in Excel, so if you are equally good at explaining what you want to achieve I am willing to give it a go as a small contribution and a big "thank you" to this fantastic and friendly forum.

For the few times I've attempted to program or modify existing MQ4 indicators etc. I always start out in Excel to make sure my logic is correct. I find it easier to debug as well.

Polyglot

[garyfritz]

FYI messages stay in the Outbox until the recipient actually reads them. Then they get moved to "Sent."

[Polyglot]

FYI messages stay in the Outbox until the recipient actually reads them. Then they get moved to "Sent."

Thanks Gary,

What can you expect from a newbie poster?

[grimweasel]

Bob - if I may. 10.6 etc runs the risk of 'fitting'. I think you have to design a system and then stick with it. There is little point trying to search for the holy grail as market conditions are constantly changing and no system will work in all markets all the time. I speak with traders at large firms on a regular basis and the same thing comes through all the time. Study price action, strip charts back to basics, trade on horizontal levels and not diagonally.

There comes a time when you have to and should work with what you have and stop trying to perfect a system that will never truly be perfect; otherwise you could run the risk of always chasing Icarus to the sun.

[zTB]

Bob - if I may. 10.6 etc runs the risk of 'fitting'. I think you have to design a system and then stick with it. There is little point trying to search for the holy grail as market conditions are constantly changing and no system will work in all markets all the time. I speak with traders at large firms on a regular basis and the same thing comes through all the time. Study price action, strip charts back to basics, trade on horizontal levels and not diagonally.

There comes a time when you have to and should work with what you have and stop trying to perfect a system that will never truly be perfect; otherwise you could run the risk of always chasing Icarus to the sun.

I successfully apply 10.6 to a variety of non-correlated markets which Bob I believe does not trade; probably has never even researched in the context of 10.x. Some, like Forex pairs have six 4H bars a day, other as few as three. The method works right across the board.

If 10.6 is approaching something of a 'fit,' then this must be extraordinary piece of luck. Attached please find 13 charts, not carefully selected but all covering period 27 September 2013 onwards.

Z

[zTB]

I wonder how prudent it is to even bother trying to pick the brains of traders at large firms. Generally speaking, who knows how many of the criminal ways they really make money are hidden from public by the present fashion of applying ‘criminal justice’ of pay a fine and go scott free.

Besides, do these people really know what they are doing? Here is Liar’s Poker:

Most of the time when markets move, no one has any idea why. A man who can tell a good story can make a good living as a broker. It was the job of people like me to make up reasons, to spin a plausible yarn. And it's amazing what people will believe.

Z

[nanningbob]

I need someone who is good at setting up a math formula within an excel program. If this is something you can do please send a message to me and I will give you the particulars.

Hi Bob,

I tried to send you a PM, but it seemed to me that the message got stuck in the outbox, so here I go again:

I am reasonably experienced in handling advanced formulas in Excel, so if you are equally good at explaining what you want to achieve I am willing to give it a go as a small contribution and a big "thank you" to this fantastic and friendly forum.

For the few times I've attempted to program or modify existing MQ4 indicators etc. I always start out in Excel to make sure my logic is correct. I find it easier to debug as well.

Polyglot

Thank you for your help. Someone already has an excel that works like I wanted and sent it to me. I am now looking at it.

[nanningbob]

Bob - if I may. 10.6 etc runs the risk of 'fitting'. I think you have to design a system and then stick with it. There is little point trying to search for the holy grail as market conditions are constantly changing and no system will work in all markets all the time. I speak with traders at large firms on a regular basis and the same thing comes through all the time. Study price action, strip charts back to basics, trade on horizontal levels and not diagonally.

There comes a time when you have to and should work with what you have and stop trying to perfect a system that will never truly be perfect; otherwise you could run the risk of always chasing Icarus to the sun.

I am not quite sure what you are referring to. If you are referring to the 15MA it is basically the same as the daily pivot. The improvement is it makes EAs and dummy lights much easier to program and use. It solves a problem I was having with the signals it was giving making it more consistent with the market move. If you are referring to the STO7 it gives the same signals as the RSI2 but are more specific. Now you have a specific signal to place a trade from instead of a general one. This also replaced the yellow area of the 4H CSS and is much more specific than the CSS was especially in range markets. 240 line remains the same, 60 MA added a definition of Range trade along with the already existing definition of a trend. This is an improvement that was necessary to the system. It is essential to have a consistant definition of a trend and range in trading. I know have a better idea when to switch gears in trading. The xxx.00 lines were a major improvement over the Empty4 lines that come with the Empty4 and also seem to be superior over S/R lines, FIB lines, etc. Price action really honors those lines better than any other horizontal lines I have seen in trading. I have added signals from the 1H chart because reentering a trend trade (buying the dips in a UT, selling the rallies in a DT) is fundamental to trading but I have never seen actually defined before anywhere. You now have a specific definition and place for reentering a trend. 10.6 is 10.4 with refinements, 10.4 is the same as 10.2 with refinements, 10.2 was an overhaul of 10.0. It is not a fundamental change of the trading system but a continuous refinement of how we read the market. Each step is a refinement over the previous not a change of system or trading. The 15MA will refine the dummy lights so they work better and the signal is clearer and more specific. The 15MA will work better than the STO7 in the formula and also make it easier to program. It is not a change in the system.

The Excel sheet, now that I have a working version, is an eye opener on how spreads affect profits. It is also giving me an idea to finally make a 24/7 EA consistently profitable. There is a reason why almost all EAs are not consistently profitable over the long run. It is not the constantly changing markets, it is EAs dont change very well when market conditions change. I believe it will give me a leg up in my trading because I will understand something I didnt comprehend very well before. The progression of the 10.0 series has been this.

10.0 What is a trend?
10.1 How do you add S/R levels to trading?
10.2 What is the importance of a strength of a move?
10.3 Daily and weekly pivots play an important role, how do you use them?
10.4 put these 3 previous questions together into a system, and added an overall market read with the CSS indi. The 10.4 info page is now critical to my trading decisions and one of the most valuable trading tools I have ever used. I can see the changes coming before guys write about the market move in the Forex news articles. I also can filter out hogwash articles using that info page. Guys write about NZD going up and I can see the AUD starting to go down and I know the NZD will follow.
10.5 added a daily read to 10.4
10.6 added definitions to when is price ranging and how do you re-enter a trend, dips in a UT and rallies in a DT. Dummy lights help newer traders get used to seeing market reads better.

Anyway I appreciate your comments because it allows me to show that the whole 10.0 series is not changing a trading system jumping from one to another but it is a constant refinement of the basic concept I wrote over 3 years at FF. Mainly:

What is a trend? When does it start and when does it end?
What is a ranging market? When does it start and when does it end?
What is a dip? What is a rally? When does it start and when does it end?
What is top down trading and how can you best use the info of higher charts on the lower charts.
10.6 really nails these questions into a specific answers. Now putting it together takes time and patience. There is simply too much money out in Forex not to be patient enough to answer those question. There is simply too much info for one person to do it by themselves. It is why Steve and others go public to learn rather hiding in a cubicle. The learning curve is so much more easier with others helping.

Define those terms correctly and you will always be a successful trader. Then refine the indicators that help you see those things and you are off and running. I know I am very very close to a clear cut definable system of trading. Terms without definitions dont have meaning. My goal was to define these terms and I am very close to that goal. That is what 10.xxx is all about.

[rostaus]

Bob - if I may. 10.6 etc runs the risk of 'fitting'. I think you have to design a system and then stick with it. There is little point trying to search for the holy grail as market conditions are constantly changing and no system will work in all markets all the time. I speak with traders at large firms on a regular basis and the same thing comes through all the time. Study price action, strip charts back to basics, trade on horizontal levels and not diagonally.

There comes a time when you have to and should work with what you have and stop trying to perfect a system that will never truly be perfect; otherwise you could run the risk of always chasing Icarus to the sun.

I am not quite sure what you are referring to. If you are referring to the 15MA it is basically the same as the daily pivot. The improvement is it makes EAs and dummy lights much easier to program and use. It solves a problem I was having with the signals it was giving making it more consistent with the market move. If you are referring to the STO7 it gives the same signals as the RSI2 but are more specific. Now you have a specific signal to place a trade from instead of a general one. This also replaced the yellow area of the 4H CSS and is much more specific than the CSS was especially in range markets. 240 line remains the same, 60 MA added a definition of Range trade along with the already existing definition of a trend. This is an improvement that was necessary to the system. It is essential to have a consistant definition of a trend and range in trading. I know have a better idea when to switch gears in trading. The xxx.00 lines were a major improvement over the Empty4 lines that come with the Empty4 and also seem to be superior over S/R lines, FIB lines, etc. Price action really honors those lines better than any other horizontal lines I have seen in trading. I have added signals from the 1H chart because reentering a trend trade (buying the dips in a UT, selling the rallies in a DT) is fundamental to trading but I have never seen actually defined before anywhere. You now have a specific definition and place for reentering a trend. 10.6 is 10.4 with refinements, 10.4 is the same as 10.2 with refinements, 10.2 was an overhaul of 10.0. It is not a fundamental change of the trading system but a continuous refinement of how we read the market. Each step is a refinement over the previous not a change of system or trading. The 15MA will refine the dummy lights so they work better and the signal is clearer and more specific. The 15MA will work better than the STO7 in the formula and also make it easier to program. It is not a change in the system.

The Excel sheet, now that I have a working version, is an eye opener on how spreads affect profits. It is also giving me an idea to finally make a 24/7 EA consistently profitable. There is a reason why almost all EAs are not consistently profitable over the long run. It is not the constantly changing markets, it is EAs dont change very well when market conditions change. I believe it will give me a leg up in my trading because I will understand something I didnt comprehend very well before. The progression of the 10.0 series has been this.

10.0 What is a trend?
10.1 How do you add S/R levels to trading?
10.2 What is the importance of a strength of a move?
10.3 Daily and weekly pivots play an important role, how do you use them?
10.4 put these 3 previous questions together into a system, and added an overall market read with the CSS indi. The 10.4 info page is now critical to my trading decisions and one of the most valuable trading tools I have ever used. I can see the changes coming before guys write about the market move in the Forex news articles. I also can filter out hogwash articles using that info page. Guys write about NZD going up and I can see the AUD starting to go down and I know the NZD will follow.
10.5 added a daily read to 10.4
10.6 added definitions to when is price ranging and how do you re-enter a trend, dips in a UT and rallies in a DT. Dummy lights help newer traders get used to seeing market reads better.

Anyway I appreciate your comments because it allows me to show that the whole 10.0 series is not changing a trading system jumping from one to another but it is a constant refinement of the basic concept I wrote over 3 years at FF. Mainly:

What is a trend? When does it start and when does it end?
What is a ranging market? When does it start and when does it end?
What is a dip? What is a rally? When does it start and when does it end?
What is top down trading and how can you best use the info of higher charts on the lower charts.
10.6 really nails these questions into a specific answers. Now putting it together takes time and patience. There is simply too much money out in Forex not to be patient enough to answer those question. There is simply too much info for one person to do it by themselves. It is why Steve and others go public to learn rather hiding in a cubicle. The learning curve is so much more easier with others helping.

Define those terms correctly and you will always be a successful trader. Then refine the indicators that help you see those things and you are off and running. I know I am very very close to a clear cut definable system of trading. Terms without definitions dont have meaning. My goal was to define these terms and I am very close to that goal. That is what 10.xxx is all about.

Hi Bob,

It helps when you define where you are going, you must be close to answering all the questions because 10.6 is making pips for me. thankyou. You mention an EA, I've been running the TCO EA based on NB and its been making 3% per week on demo, Early days but I'm impressed. You cant tell it to wait for the 15ma though which is a drawback. I've never been a fan of EA's but based on your system its very interesting.