Forums Trading Systems Discussion The Forex Plumber

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  • #7812
    pipatronic
    Participant

      Very interesting and excellent post G – great mind at work there – thank you – I am sure that will put a few thinking caps on for a number of people.
      Regarding CS and volume I intend to start a new thread here on this site where I will post a video link rather than written observations, just waiting for a new microphone to arrive. Will be based on your work CS TVI NV and OBV.
      Appreciate your posting

      Regards
      Pip

      skype : pipatronic

      #7813
      BalrogTrader
      Participant

        Based on the above you can create a CS ROC, which will give you a better pair selection.

        G.

        ROC on CMP rather than Delta_CMP is in my head for so long. Like a splinter in my finger. Just cannot spare some time to code it onto readily existing mq4 files…. :scratch:

        Nothing has ever motivated me more than this...

        #7814
        BalrogTrader
        Participant

          Very interesting and excellent post G – great mind at work there – thank you – I am sure that will put a few thinking caps on for a number of people. Regarding CS and volume I intend to start a new thread here on this site where I will post a video link rather than written observations, just waiting for a new microphone to arrive. Will be based on your work CS TVI NV and OBV. Appreciate your posting Regards Pip

          I’ll be #1 subscriber…

          Nothing has ever motivated me more than this...

          #7815
          pipatronic
          Participant

            thank you for the postings Balrog, hopefully a new thread with video’s may encourage others to follow suit, I think that sometimes you can do so much more with video, plus its quicker that my typing :)

            skype : pipatronic

            #7820
            simplex
            Moderator

              anyone tried a similar idea with gold, here is a link and attached indi http://www.trade2win.com/boards/commodities-money-markets/157250-fxcorrelator_goldmeter-11.html

              Interesting link – thanks for that!

              I gave the attached indicator a quick look, and in addition to what GG stated already I think that there are some issues in the basic arithmetics. The method of normalization is very coarse, to say the least, and IMO the author doesn’t take into account that most currencies appear as base currencies in some pairs he uses, and some others as quote currencies. Everything is plainly summed up, and that makes me worry about the validity of his results.

              Maybe I just don’t understand the details of his thoughts, while the basic idea of trading gold that way seems interesting to me!

              The very generic style in naming variables doesn’t make the analysis easier, though.

              simplex

              A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)

              #7824
              pipatronic
              Participant

                Thank you for your thoughts Simplex most interesting and helpful.

                On a side note if anyone is like myself and trying to get to grips with programming can I suggest the following link and also trying some of the tutorials on YouTube.

                http://book.mql4.com/overview

                Pip

                 

                 

                skype : pipatronic

                #7828
                GIBU
                Participant

                  HI

                  i do all my trading with that correlator since 3 years ago the best inside if you know how to use it

                  #7829
                  pipatronic
                  Participant

                    It is good to hear that some one has used it for so long, I will be starting a new thread soon with video, I think that I might do a video on that indicator, when I do look out for it and see if you can add any comments/observations if you would not mind, maybe we can improve on it as posts by G and Simplex state above.

                    Regards

                    Pip

                    skype : pipatronic

                    #7831
                    GIBU
                    Participant

                      yes very welcome i only used the correlator to confirm any trades  or witch currency stronger the others very easy the weaker with the strong one specially when the currency cross each others  on a 15 minutes chart  with a lot of practised he do improve your trading by 50 % .

                      forex correlator on 15 minutes

                      the currency  strength chart in one minute chart  but in put in 60 minutes ,then had only those 2 charts showing what going on that all you can make your own jugdement

                      good luke

                       

                      • This reply was modified 8 years, 9 months ago by GIBU.
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                      #7836
                      gg53
                      Participant

                        yes very welcome i only used the correlator to confirm any trades or witch currency stronger the others very easy the weaker with the strong one specially when the currency cross each others on a 15 minutes chart with a lot of practised he do improve your trading by 50 % . forex correlator on 15 minutes the currency strength chart in one minute chart but in put in 60 minutes ,then had only those 2 charts showing what going on that all you can make your own jugdement good luke

                        Trading two currencies “Cross” is Ok – but way too late… Same as MA’s “cross”.

                        Also, currencies that move in opposite direction might not “cross” each other – causing a miss of perfect opportunity.

                        Here are the GBPJPY (Red/Yellow) from the last minutes, coming out from the dynamic Overbought/Oversold areas.

                        also, the NZDJPY (LightBlue/Yellow) going in opposite direction.

                        Both never “cross” but good signals and immediate profitable.

                         

                        G.

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                        #7839
                        pipatronic
                        Participant

                          Thanks Gibu, I will have a look over your post tonight.

                          Was doing my homework set by G post 7811 and was looking into Ehlers and came across this (off topic) which I am sure some of you will find interesting, its along the lines of TVI  (well looks similar but not tick volume)
                          Two Pole Smoothed Ehlers Oscillator
                          link here

                          https://www.mql5.com/en/code/9305

                          it seems to be an old build which does not run on a newer platform so unable to try it out to compare

                          attached screen shot (not my platform)

                          • This reply was modified 8 years, 9 months ago by pipatronic.
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                          skype : pipatronic

                          #7841
                          pipatronic
                          Participant

                            Morn G, just compared your new spag indi to the old one and it is certainly more responsive or “on the ball”

                             

                            Pip

                            skype : pipatronic

                            #7843
                            simplex
                            Moderator

                              I gave the attached indicator a quick look, and in addition to what GG stated already I think that there are some issues in the basic arithmetics.

                              OK, I sorted it out!

                              Basic arithmetics are ok, I just was tricked by NVP’s naming conventions for variables, and then he considered base currency vs. quote currency at a point in his code where I did not notice it at first. So, that’s fine so far!

                              That coarse normalization deltaPrice / 1 vs. deltaPrice / 100 for JPY pairs can easily be fixed by following G’s suggestion and implementing ROC instead of MA as a first step, and maybe a completely different algorithm as a second step.

                              cu, simplex

                              A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)

                              #7846
                              pipatronic
                              Participant

                                Hi Gibu, thank you for the indis, I have attached two here for you (one is G’s which you may already have) and attached is a screen shot of an article on currency cross

                                I was unable to load onto my chart the CurrencyStrengthChart.ex4 I guess that it may need another file in the folder but no worries was kind of you to send

                                Hope its of some use :)

                                Pip

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                                skype : pipatronic

                                #7850
                                pipatronic
                                Participant

                                  Hi G the example of the GBPJPY  should it not have been CADJPY ?

                                  skype : pipatronic

                                  #7851
                                  pipatronic
                                  Participant

                                    Thanks for posting that Simplex, you get a gold star :)

                                    skype : pipatronic

                                    #7852
                                    xux99
                                    Participant

                                      Thanks Gibu, I will have a look over your post tonight. Was doing my homework set by G post 7811 and was looking into Ehlers and came across this (off topic) which I am sure some of you will find interesting, its along the lines of TVI (well looks similar but not tick volume) Two Pole Smoothed Ehlers Oscillator link here https://www.mql5.com/en/code/9305 it seems to be an old build which does not run on a newer platform so unable to try it out to compare attached screen shot (not my platform)

                                      The attached version should work on newer Metatrader builds.

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                                      #7855
                                      pipatronic
                                      Participant

                                        Thank you for that xu, interesting indi especially compared to the TVI indi, will have to do a bit of research into it, appreciate your help, good to have it on my chart.

                                        Pip

                                        skype : pipatronic

                                        #7859
                                        GIBU
                                        Participant

                                          well i do respect  the way you trade but i do not gamble on FOREX only take trades with a very very good reward so far so good , i do not take many trades a day only trade on annoucement where his a lot movement  one or 2 trades a day that what i am doing and waiting for the best opportuinity available if none i do not trade

                                          thanks anywhere

                                          cheers

                                          #7863
                                          simplex
                                          Moderator

                                            Thanks for posting that Simplex, you get a gold star :)

                                            Thanks a lot – but for what reason? I just was thinking ‘loudly’, so to say!

                                            Cheers, sx.

                                            A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)

                                            #7864
                                            simplex
                                            Moderator

                                              Oh, and one more thing:

                                              I couldn’t resist to spoil a lazy weekend and create a flexible mod of that FXcorrelator thing, incorporating several different arithmetics to choose from. I considered it worthwhile because FXcorrelator is so beautifully compact, as compared to my own cluster indicators :whistle: .

                                              Now I’m afraid it would be a bit too far off topic posting it in this thread. GG certainly had something different in mind when he started this. I’ll create a new thread and place a link in this one.

                                              Stay tuned, I’ll be back soon.

                                              A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)

                                              #7878
                                              GIBU
                                              Participant

                                                SURE VERY VERY GOOD MEN

                                                 

                                                #7879
                                                pipatronic
                                                Participant

                                                  simplex I will be a subscriber :good:

                                                  skype : pipatronic

                                                  #7884
                                                  simplex
                                                  Moderator

                                                    Ok – I did it!

                                                    You’ll find my mod over there:

                                                    http://penguintraders.com/forums/topic/a-flexible-and-compact-currency-strength-indicator/#post-7882

                                                    Have fun, sx.

                                                    A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)

                                                    #15617
                                                    Fai
                                                    Participant

                                                      Investing in BTC is one of the smartest and most profitable things you can do with your money.

                                                      This could be an excellent place to start: https://coinsprime.net.

                                                       

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