stevehopwoodforex.com • Ducks In A Row

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Aussiedoc [ Mon Jan 09, 2012 3:28 am ]

Post subject:

Re: Ducks In A Row

gaheitman wrote:Doc,
When I've gotten all my 'Ducks In A Row' I enter on the first candle to open above/below the 3/50EMA - supported by the RSI being clear of the 45/55 RSI.

If all of the above come out as sell (or buy) we then look for a candle to open below (or above) the 3 EMA (since I am assuming that price is already on the right side of the 50 EMA based on my interpretation of the second duck and RSI is clear based on the third duck)

If we didn't enter on this bar, do we re-evaluate everything on the next bar, or just keep looking for an entry until price goes to the other side of the 50 EMA. Said another way, how long is the trigger valid?

George

George! Mate, we are going well. Coming around the top corner and heading for the line.

Sometimes the price goes sideways after a pivot as the heat goes out of the market. David taught me to think 'Inside bars'. His/my rule is that, as long as the MAs are in the right order (Long -3>8/Short - 8>3), and there is daylight between the them; then, if all the other ducks are lined up, the entry is the first candle to open above/below the 3MA.

This is where the RSI quarterback calls the play.

As long as the RSI stays in fair territory the potential trade is still valid. EG, a Long entry is signalled, the RSI breaks > 55 then goes sideways (EURUSD_H1_Sideways.gif). Fair territory - As long as the RSI stays >45 - the LONG trade is still potentially open - until either a candle opens above the 3MA or the RSI <45.

Whew! Been a bit of a session! George, everyone, thank you one and all for your patience. Hope this all makes sense

Author:	gaheitman [ Mon Jan 09, 2012 11:11 am ]
Post subject:	2nd Duck - the PA is trending in the same direction as the 5
Aussiedoc wrote: gaheitman wrote: 2nd Duck - the PA is trending in the same direction as the 50 Hmmm. Not sure how we test this. Do we just make sure the last bar closed above/below the EMA 50? Or does it have to be the last three bars? Do they need to all be bullish/bearish? Remember, we can look at the numbers associated with the EMA lines for each bar back as well as the Open/High/Low/Close values of all the candles. George Geo, this is an entry qualifier. All I am really interested in is the trend from the pivot/last 3-5 bars - 'higher highs/lower lows' (EUStoploss.gif)' Do you actually look at whether the 50 MA is trending up or down? From you chart, while the 50 MA may have started to turn down a bit, what matters seems to be that your bar opened below it. Let me see if I can restate this (again :>). Let's assume we aren't evaluating this duck until duck #1 crosses and for this example (to match your picture) we assume it just crossed down. So, Duck #1 says sell. Now we wait until price opens below the 50 MA. When that happens we look at the chart. If over the last 3-5 bars (minimum of three?) price has made LH's and LL's, we've got a downtrend, so we're going to evaluate this duck as a sell. I've changed the indicator so that Duck 2 uses the rules above. I'd recommend you drop in on the chart, set Duck = 2 and see how it compares with the signals you see on the chart. It's very strict above the HHHL and LHLL evaluation, perhaps too strict. George

Author:	gaheitman [ Mon Jan 09, 2012 11:21 am ]
Post subject:	5th Duck - Lawgirl's indi showing the same trend on the long
Aussiedoc wrote: gaheitman wrote:Doc, 5th Duck - Lawgirl's indi showing the same trend on the long side of the M5, H1 & D1. I believe this is another RSI reading. We can check and make sure the RSI values for those time frames are above/below whatever threshold she has in the indicator to point up/down. George George, I don't know how to answer this question - sorry! I am a bit of a 'cross-check' nut! I learned a time back that the more arrows I can get pointing in the same direction - the more positive the result. Because I have only been in Forex for now 6 months my knowledge of its indicators therefore is very basic. Wanting to get up to speed in the shortest time…I applied the same rules to myself that I use with my people (Do I really have to know how all the parts in the car work to drive to the shops?). My initial research showed that Lawgirl has a AAA rating in FF. Accordingly; I figured that she had some 'top operators' design and build her 'Lawgirl's Trend Display v1.02' indicator. As all I wanted was confirmation of Trend direction - if it was working for her - it will work for me! George, my biggest challenge in life has been, and is that I am a perfectionist. In practice I found that, good and all as it is, the Lawgirl indi wasn't really winding my clock properly - so I started looking again. When I coded this test, I opened up LawGirl's indicator and copied the values she was using to show Up/Down movements. This Duck should match the original indicator.

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Author:	SteveHopwood [ Sun Jan 08, 2012 12:08 am ]
Post subject:	Re: Ducks In A Row
fxozgirl wrote:I'll be definitely having a look at this one, Thanks Doc for sharing, Steve, George & crew for your efforts in coding Yep. This looks sooooooo goooooood. You Upside-Dowm Landers are coming up with fantastic ideas of late. If I move to Aussie, will I become clever as well? Do you take in thickies and make us clever?

Author:	Aussiedoc [ Sun Jan 08, 2012 8:44 am ]
Post subject:	Re: Ducks In A Row
gaheitman wrote:One thing that might help you when answering these questions is to open up the data window on your chart and see all the values as you move your mouse from bar to bar. That is the stuff we can "see" in our code, and that is what we have to use to make decisions. George G'day all! George! Thanks for the prod the other day! Since waking earlier I have been rabbiting around in the Empty4 platform. I found lots of 'Interesting Stuff' (STUFF: a description of a situation or condition. Requires a quantitative description e.g. Good, Interesting Really Nasty, etc to have full relevance) I never knew about... the most interesting of which was the 'Data Window' - whose values were consistent with your comment above. I went back to the EURUSD.JPG below; correlated the dates involved - and put all the data into the attached spreadsheet. I hope that it's what you need. : If not enough; please let me know and I'll do my best to come up with it. Cheers.

Author:	Aussiedoc [ Mon Jan 09, 2012 3:08 am ]
Post subject:	Re: Ducks In A Row
gaheitman wrote:Doc, In order to code this baby, we have to use numerical tests for each of your ducks. Our EAs will do the following: A new bar opens on the chart. Time to start evaluating everything and see if we have a trade. Let's look at all the ducks. 2nd Duck - the PA is trending in the same direction as the 50 Hmmm. Not sure how we test this. Do we just make sure the last bar closed above/below the EMA 50? Or does it have to be the last three bars? Do they need to all be bullish/bearish? Remember, we can look at the numbers associated with the EMA lines for each bar back as well as the Open/High/Low/Close values of all the candles. George Geo, this is an entry qualifier. All I am really interested in is the trend from the pivot/last 3-5 bars - 'higher highs/lower lows' (EUStoploss.gif)'

Author:	Aussiedoc [ Mon Jan 09, 2012 3:11 am ]
Post subject:	Re: Ducks In A Row
gaheitman wrote:Doc, 3rd Duck - the RSI is breaking above/below the 45/55. For a sell, does that mean on the previous bar it was above 45 and now it is below at the open of this bar? (Opposite with a buy and using 55.) George Pretty much - yes! George, if you correlate 3rd Duck.gif with the RSI values on the EURUSD_D1_ 2808-1011_Data.xls spreadsheet (1st Pivot and Entry) and do the same for the other 'Pivot point and Entry' values, they should tell the story.

Author:	Aussiedoc [ Mon Jan 09, 2012 3:17 am ]
Post subject:	Re: Ducks In A Row
gaheitman wrote:Doc, 4th Duck - the RSI angle is between 12 and 2 o'clock or 4 and 6 o'clock.. For the angle, all we can do is determine the rate of change of the last x bars. So if the RSI needs to drop 6 points or 16 points or 60 points, we can check that. We just need to know which it is and how many bars to look at. If it is more than 1 bar back, do we take the biggest movement over those bars? George Good question!! My main criteria for an entry is - 'What was the PA/RSI doing in the preceding 3-5 candles/bars?' The best way I can answer this is to ask you to have a look at the RSI line on the EURUSD.jpg below and cross-check the RSI values in the 3 'Pivot and Entry' data sets on the EURUSD_D1_ 2808-1011_Data.xls spreadsheet.

Author:	Aussiedoc [ Mon Jan 09, 2012 3:19 am ]
Post subject:	Re: Ducks In A Row
gaheitman wrote:Doc, 5th Duck - Lawgirl's indi showing the same trend on the long side of the M5, H1 & D1. I believe this is another RSI reading. We can check and make sure the RSI values for those time frames are above/below whatever threshold she has in the indicator to point up/down. George George, I don't know how to answer this question - sorry! I am a bit of a 'cross-check' nut! I learned a time back that the more arrows I can get pointing in the same direction - the more positive the result. Because I have only been in Forex for now 6 months my knowledge of its indicators therefore is very basic. Wanting to get up to speed in the shortest time…I applied the same rules to myself that I use with my people (Do I really have to know how all the parts in the car work to drive to the shops?). My initial research showed that Lawgirl has a AAA rating in FF. Accordingly; I figured that she had some 'top operators' design and build her 'Lawgirl's Trend Display v1.02' indicator. As all I wanted was confirmation of Trend direction - if it was working for her - it will work for me! George, my biggest challenge in life has been, and is that I am a perfectionist. In practice I found that, good and all as it is, the Lawgirl indi wasn't really winding my clock properly - so I started looking again.

Author:	Aussiedoc [ Mon Jan 09, 2012 3:21 am ]
Post subject:	Re: Ducks In A Row
gaheitman wrote:Doc, 6th Duck - CJA SignalBars indi - same, same Don't know about the internals of this one, but we can just read the values and see if they equate to the pictures you are looking at. George George, I applied the same logic as above because, rather than spend countless hours researching & testing to find an indicator that suited me, this one indicator combined and displayed 3 separate indicator values for all the different time-frames as coloured bars. One indicator! 3more 'Ducks In A Row' How good is that?

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