"Golden Arches" Project

stay tuned JB3...it gets better! Thanks for reading...This thread is everything, I wished it to be....

...Finally a gem that a new or experienced trader can read...learn...contribute...and perhaps make history in an archive for thousands and thousands to read in the future, for years to come...

Isn't this what ET is all about? I am so proud of you guys...I hope you got something from this thread!

You know its all about money, but for me its all about development...of course, I have a 9Y and 8 mo month goal remaining, for Wifey and my retirement...but goals are necessary and baby-steps towards those goal are also necessary, to be able to feel good..but the deeper meaning is development for me. Perhaps its the blind-leading-the-blind, in my case, but I can set the "tone" for the environment to learn in...watch! my goals and visions for ET, have just begun and I am doing exactly, what I want to do and have felt this "calling" for four years.

StumbleInTheDarkWithMeSavant


Quote from JB3:

Interesting read, looks like trading channels. The problem with channels are that they repaint. If I was to trade this, I would do everything that is unconventional.

Large stoploss, small targets. Average down if losing. Trade selected pairs unidirectional only.

I figure you can't have the cake and eat it too.

:D
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fyi, there isn't enough intraday data to go back far enough to backtest within MT4. i.e. The 3 most recent Virgin bends on the daily timeframe were detected on (backwards) (CADJPY)
Jan 3,2007 short side
Oct 23, 2006 long side
May 19, 2006 short side

Now this alone is not sufficient since we need first the DeMarker entry on the 5 min then a secondary CR to size and tgt.

The earliest data point I have in MT4 on 5min is
Jan 23, 2007

So much for that. This leaves me with IB data which I will need to pull and limits me to IB available pairs with a maximum of 1 year data. 1 year data means only a few virgin bends detected at 299 period, but more with shorter periods.

4x, you are on the right track. First create a daily filter to eliminate following many pairs on any given day (can be run EOD). You should be left with barely a handful to follow and track DeMarker. Then the secondary. Also, use the posted files some posts ago. You will not have to convert hours and all that nonsense. The version posted here allows you to specify series and period (in bars).

ES, the dotted fib lines are fixed to 55, 89, 144 Multiplied by the point value of any pair, so they really are fixed PiPs above the CR, which the market knows nothing of. The solution is to use FIB ratios such that line 1 = CR(Diff) * 1.618 and line 2 = line 1(Diff) * 1.618.
The question is what is Diff. On a standard straight line Fib retracement indicator Diff = High Peak - Low Trough.

Using ratios normalizes the indicator such that it can be used across all symbols (at least in theory).

thx
 
Well they are partially market based, cause' the CR is...but I am looking forward to your improvements and what you post (quoted below) makes sense to me...

Can you smooth out the curvi on all time frames? and is there a way to cause MT4 to scale according to the CR lines and keep them automatically, ALL in view in the chart pane, no matter how you stretch, squeeze and size the chart?


ES, the dotted fib lines are fixed to 55, 89, 144 Multiplied by the point value of any pair, so they really are fixed PiPs above the CR, which the market knows nothing of. The solution is to use FIB ratios such that line 1 = CR(Diff) * 1.618 and line 2 = line 1(Diff) * 1.618.
The question is what is Diff. On a standard straight lione Fib retracement indicator Diff = High Peak - Low Trough.

Using ratios normalizes the indicator such that it can be used across all symbols (at least in theory).

 
Quote from ElectricSavant:

Well they are partially market based, cause' the CR is...but I am looking forward to your improvements and what you post (quoted below) makes sense to me...

Can you smooth out the curvi on all time frames? and is there a way to cause MT4 to scale according to the CR lines and keep them automatically, ALL in view in the chart pane, no matter how you stretch, squeeze and size the chart?


 [/B]
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By smooth out do you mean the opposite of dotted, or not stepped?

As far as scale is concerned, don't know how to do that yet, at least not in MT4 maybe rjb can jump in.
 
There are nothches...but the curve is more visual when formed other than horizontal lines, like currently in the daily...the notches should be clear as they follow each other too...Lengths of notches and steepness work hand in hand...


Quote from fifo:

By smooth out do you mean the opposite of dotted, or not stepped?

As far as scale is concerned, don't know how to do that yet, at least not in MT4 maybe rjb can jump in.
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More confused.

If you have 5 points on a daily timeframe there is a daily CR value for each point (5). (hence a smooth point for point curve)

To plot the same DAILY CR (5 points) on any chart greater than 5 points (i.e. intraday) you will get Notches since each daily CR point is constant throughout the entire day....

what am I missing...
 
In FXCM...the points were periods...and each period formed a horizontal line..if the price traded in a way the line could be longer or shorter according to its slope or if it stayed the same...etc...but connected at each period..whether it be a 1 minute 5...15...30...60...etc...

skibumm has info as to the "known" name for the "type of line", that this is called. It is not dotted and there are not any breaks in it...it is little horizontal straight lines that are connected appropriatly to the data...in a "step" but the step is not all at once from a combination of periods into a next day...perhaps this reveals that FXCM drops the earliest and adds the latest...thus the curve shift and shape shift...


Quote from fifo:

More confused.

If you have 5 points on a daily timeframe there is a daily CR value for each point (5). (hence a smooth point for point curve)

To plot the same DAILY CR (5 points) on any chart greater than 5 points (i.e. intraday) you will get Notches since each daily CR point is constant throughout the entire day....

what am I missing...
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