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nanningbob [ Fri Dec 13, 2013 11:03 am ]

Post subject:

Re: 10.6 EDSEL

Jemook wrote:
nanningbob wrote:
Jemook wrote:Hi guys,

Just wondering who coded the attached stochastic alert indicator? AEJ 10.6 STO Alert..

It works perfectly - I was wondering if the author would be able to make an EA version which instead of sending an alert triggers a trade and then removes itself? I've asked Steve to help me out with this (thanks Steve) but I figure if this code does exactly what we need it to do then it might be a simple conversion to make it execute a trade instead of sending an alert.

- Usage for a buy would be to drop the EA on the chart when above the user defined level (say 80) and then it would trigger when falling below 80 and then stop trading.

- Usage for a sell would be to drop the EA on the chart when below the user defined level (say 20) and then it would trigger when rising above 80 and then stop trading.

Also, is this indicator taking into consideration the 60, 240 MA's as per the filename?

Thanks!
J
OK a problem with a STO EA is that the STO signal line can move above and below the signal line several times during a 4H bar. That is why we take a signal and then set the trade with more momentum than just the STO. Now I solve part of that problem by using a SMOOTHED so it is less likely to move around as much. But whoever does deal with STO EAs must have a filter placed to stop that from happening or you will be taking a bunch of losses before the move. So you need more than just the STO, you will need a filter.
Thanks Bob. One of the ways to filter this would be to wait for a close of the H4 bar before launching the trade. I believe Steve's EA has this functionality ie:

A: Wait for move above/below STO level and trigger OR
B: Wait for a close of the H4 bar, then check if the STO has moved above/below the STO level before triggering trade

I never like the Close of a bar because you may miss the whole move during a 4H candle. I have tried solving that with MAs by doing the equivalent on a lower time frame. For example a 15 on the 4H is a 60 on the hour or 240 on the 15M. I dont know if you get equivalents with STO doing that but that is a possible solution.

Of course with 10.4/6 we use other lines like DP, xxx.00, xxx.050, and 1H 15MA lines to enter so that is the solution I have come up with for that issue.

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Author:	fxdaytrader [ Fri Dec 13, 2013 2:13 am ]
Post subject:	Re: 10.6 EDSEL
Jemook wrote: Just wondering who coded the attached stochastic alert indicator? AEJ 10.6 STO Alert.. The indicator was coded by an user named "Alan", but I do not know his nickname (maybe bob or steve know?) the mq4-indicator could be one of that ones: http://www.stevehopwoodforex.com/phpBB3 ... 070#p75070 http://www.stevehopwoodforex.com/phpBB3 ... 592#p74592

Author:	goldcourse [ Fri Dec 13, 2013 2:29 am ]
Post subject:	Re: 10.6 EDSEL
Jemook wrote:Hi guys, Just wondering who coded the attached stochastic alert indicator? AEJ 10.6 STO Alert.. It works perfectly - I was wondering if the author would be able to make an EA version which instead of sending an alert triggers a trade and then removes itself? I've asked Steve to help me out with this (thanks Steve) but I figure if this code does exactly what we need it to do then it might be a simple conversion to make it execute a trade instead of sending an alert. - Usage for a buy would be to drop the EA on the chart when above the user defined level (say 80) and then it would trigger when falling below 80 and then stop trading. - Usage for a sell would be to drop the EA on the chart when below the user defined level (say 20) and then it would trigger when rising above 80 and then stop trading. Also, is this indicator taking into consideration the 60, 240 MA's as per the filename? Thanks! J Jeremy, Steve coded the STO EA aids in this thread: http://www.stevehopwoodforex.com/phpBB3 ... =38&t=3273 Probably you can find some use for your purpose. Rgds Vincent

Author:	Jemook [ Fri Dec 13, 2013 3:35 am ]
Post subject:	Re: 10.6 EDSEL
nanningbob wrote: Jemook wrote:Hi guys, Just wondering who coded the attached stochastic alert indicator? AEJ 10.6 STO Alert.. It works perfectly - I was wondering if the author would be able to make an EA version which instead of sending an alert triggers a trade and then removes itself? I've asked Steve to help me out with this (thanks Steve) but I figure if this code does exactly what we need it to do then it might be a simple conversion to make it execute a trade instead of sending an alert. - Usage for a buy would be to drop the EA on the chart when above the user defined level (say 80) and then it would trigger when falling below 80 and then stop trading. - Usage for a sell would be to drop the EA on the chart when below the user defined level (say 20) and then it would trigger when rising above 80 and then stop trading. Also, is this indicator taking into consideration the 60, 240 MA's as per the filename? Thanks! J OK a problem with a STO EA is that the STO signal line can move above and below the signal line several times during a 4H bar. That is why we take a signal and then set the trade with more momentum than just the STO. Now I solve part of that problem by using a SMOOTHED so it is less likely to move around as much. But whoever does deal with STO EAs must have a filter placed to stop that from happening or you will be taking a bunch of losses before the move. So you need more than just the STO, you will need a filter. Thanks Bob. One of the ways to filter this would be to wait for a close of the H4 bar before launching the trade. I believe Steve's EA has this functionality ie: A: Wait for move above/below STO level and trigger OR B: Wait for a close of the H4 bar, then check if the STO has moved above/below the STO level before triggering trade

Author:	fok [ Fri Dec 13, 2013 5:10 am ]
Post subject:	Re: 10.6 EDSEL
nanningbob wrote:I decided to look at all the jpy charts and I see a normal retracement. That is normal, pull back, sto7 goes back down below 20. Look for it to rise up again above the 20 and DP and set your pending orders. I dont see anything that would replace that. I quit using the 4H CSS as a change of direction for this very reason. JPY got as high as the 2nd highest on the 4H CSS last week and could make it again this week but it still is the weakest currency out there and when and if it goes back into its trend it will make for some nice trades. Now if you are a counter trader and picked up these retracements, you certainly did a good job but for me getting people to just follow trend signals is hard enough without confusing the heck out of them with CT trades. I tried that at FF with three separate threads and I went nuts trying that. So except for the aud/jpy, with the aud being as weak as the jpy, we can see that nice retracements with jpy sells back into the UT are there. We can take some warning that some have hit the 60 MA which may mean this months move may not be that big. Anyway I have my aud/jpy, eur/jpy, gbp/jpy, cad/jpy, chf/jpy, nzd/jpy, and usd/jpy buys ready to go. Hits some quick gold and close up this Friday. Rumors of a budget deal in Washington my give the USD a boost so keep an eye on that story. After 3 years of budget fighting they may have a 2 year deal. Hopefully its true and we can get back towork. Most of the JPY pairs continued going up. CSS daily shows it clearly, but no currency will stay forever at the top/ low. What goes up will go down ... CSS12122013alldaily.jpg USDJPY (or may better EURJPY, CHFJPY) USDJPY121220134h.jpg

Author:	art [ Fri Dec 13, 2013 9:19 am ]
Post subject:	Re: 10.6 EDSEL
hi guys a bit busy at this time of the year so not much time to participate, here is my daily css, its now 9.15 am, uk time looking at tims chart mine is showing different from tims, although theres about 4 hour difference, does my chart look correct? also bob i may decide to limit the ammount of pairs in the new year, what pairs would you suggest i use, cheers

Author:	jago25 [ Fri Dec 13, 2013 10:49 am ]
Post subject:	Re: 10.6 EDSEL
Harry, thanks, now public. Yes that experience with the price going through something and not doing anything is the same as what I've described here. I had the same explanation. The thing to do is: tools > options > charts > show ask line. That way you can at least see it when it's happening. I don't know how to see the history in Empty4 this way though. I did this while it was happening and noticed that nothing trigger when both ask and big went through my point. So I've opened a trade enquiry. re: STO alert. I was just thinking similar things, wondering if an email alert could be done from the James Roscoe's dashboard? Steve, I totally agree and understand. This is why I was using another platform to place trades... until that broke too. I don't like any of the software out there though... maybe Track n Trade... but really I'd prefer touch screen and ability to see many timeframes by zooming with high res. There should be a list of problems with it somewhere and their potential fixes. For example, I sometimes miss that the connection has dropped before the disconnect sound went while I was away... the screen should dim or something... Although Empty4 is annoying and terrible it is the only thing trading has to a standard, without it we'd be tied to brokers. The fact that we can take a known platform and move brokers has probably done a lot for competition. It's just a shame that trading in general is so old fashioned. I couldn't believe how out of date everything is coming from Bitcoin trading. Not much in the way of programming languages... having to rent a windows VPS because there's no linux commandline program to place and program strategies... many things are soo expensive... hard to audiolise prices (why do we use visuals anyway? sound is so much better...)

Author:	nanningbob [ Fri Dec 13, 2013 10:56 am ]
Post subject:	Re: 10.6 EDSEL
art wrote:hi guys a bit busy at this time of the year so not much time to participate, here is my daily css, its now 9.15 am, uk time looking at tims chart mine is showing different from tims, although theres about 4 hour difference, does my chart look correct? also bob i may decide to limit the ammount of pairs in the new year, what pairs would you suggest i use, cheers Your is the same as mine CSS which is the 24 pairs. Amount of pairs is up to you you can specialize in what you know or have a variety. You will want as many JPY pairs because that is a known quantity as far as fundamentals. Let me tell you what I dont trade eur/chf, eur/gbp, aud/nzd they just dont move enough to deal with aud/cad can fit there too. I hate the chf and never seem to do well with that one but that is probably more personal than reality. chf has tied itself to the euro so it is the same as trading the euro. I will trade gbp/chf over the eur/chf because it moves more and can get more pips. usd/chf and eur/usd are basically the same. The only exception is the aud/chf. I like trading it because when it changes direction, it changes direction. It doesnt mess around stagnating. Once you get into its trend it is a nice pair to trade. Just look at a daily chart and see the nice V patterns when it changes direction. I trade the NZD quite a bit because it usually follows the aud on the CSS chart (not recently though) So when the aud changes direction I start looking for NZD change of direction. I love trading the gbp/nzd and eur/nzd. They are wild rides and really move. To other people trading those two can give one a heart attack. Since the first week of August I have gotten over 3000 pips on the gbp/nzd alone 111 wins and 20 losses. that is about 9 winning trades a week and less than two losers. If you look at the monthly its 1400 pips up one month 1400 pips down then 1400 ups and then 1400 down. Just ranging nicely until ...................???? The USD has been in a range since Obama took office so not too difficult. Just look at a monthly chart since 2008 and you will see what I mean. gbp just ranges and easy to trade and CT trade. Good luck

Author:	trucomallica [ Sat Dec 14, 2013 12:25 am ]
Post subject:	Re: 10.6 EDSEL
Bob, how has been your trading with this system in december? are you still trying to get to BE on other trades or you think you will be able to trade as it were any other month to see how it behaves? What does "EDSEL" means?

Author:	nanningbob [ Sat Dec 14, 2013 3:25 am ]
Post subject:	Re: 10.6 EDSEL
trucomallica wrote:Bob, how has been your trading with this system in december? are you still trying to get to BE on other trades or you think you will be able to trade as it were any other month to see how it behaves? What does "EDSEL" means? I am closing down the year which means when a currency profits or BE I close it out and am done. Unless its so obvious, like gbp/nzd, I will trade those. I had two sets of trades I did in November which I regret. The JPY had shown all year that at the end of the month it would strengthen so I took chf/jpy and nzd/jpy sells. As you can see I got my brains beat in. I cleared out the nzd/jpy the first week and chf/jpy the second week. So now I am sitting pretty. All my trades left are positive swap trades so I can sit on them all month and let the swaps build up in my account. So I am neither up nor down this point of the month. My plan is to trade this next week some just to test the system but by Friday I am done win or lose. Obviously i will be trading in such a way so as not to affect my good year. No need for me to risk anything at this point. Edsel is a car made by Ford that lasted only 3 or 4 years back in the late 50's. It had dummy (warning) lights on its dashboard letting you know OIL, GENERATOR, BATTERY, etc. When we came up with the bars for direction I called them dummy lights and Edsel seemed appropriate. A picture of an Edsel is on every one of my posts. Beautiful car but didnt sell well. Short History of the Edsel [youtube]http://www.youtube.com/watch?v=rLK_k84EBlk[/youtube] Part 2 [youtube]http://www.youtube.com/watch?v=Nywh58KlXwA[/youtube] [youtube]http://www.youtube.com/watch?v=96uUt4nMOTY[/youtube]

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