Indicators

Indicator 1 :

It may useful for your manual trading.

The signal :
'.' - No signal
up - Indicate up
Buy - Trigger to enter BUY
dn - Indicate down
Sell - Trigger to enter SELL

You can download here :
FullHouse Indicator

/*******************************************************/
// How to use :
// In order to get the valid signal, for the first run of this indicator,
// please update UJ, EJ, GJ, EU, GU and EG from m5 to mn1.
/*******************************************************/

/*******************************************************
Copyright by BlueDreamFx © 2009
Decompiling and redistributing or modifying the code is considered illegal.
Thank you for your co-operation.
*******************************************************/

Indicator 2 :

Entry and Exit signal for single pair


Download Link :
MarketSentiment Indicator


Indicator 3 (+template) :

Have you ever seen such us template like this. Indicator on top and chart on bottom.


Download Link :
Indicator
Template

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Some Correction :
For those who have already download the Indicator 3 + template, please set the indicator's property win=0 to make the indicator stay at top. I've just noticed that thing.
Sorry for your inconvenience.

Thank You
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I want to take some rest while thinking new idea. If someone need to talk to me... just leave your messages on CBox. Thank you.....
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Base USD and JPY

9:52 GMT+8

The current signal became like the above picture.
The JPY extremely weak while the USD became extrmely strong. Both USD and JPY dominte the market movement.
Base JPY pairs became strong BULLISH while base USD pairs became strong BEARISH. However, it wasn't a big deal because we already able to understand what was going on.

The only thing that I'm not satisfy about this EA is the EA wasn't able to identify "spike" on the market. So my hypothesis on filtering the market movement using multi-pairs considered inefficient . That's why it make mistake on the last 2 trades, EJ and GJ. Already cut loss. This is the price for this knowledge.

So I will hold this project for a little while and I will try to find the best solution on how to handle spike. Whether to handle it or to find any method which is not influenced by spike

p/s : straight - from M5 to D1. It may also a signal but it's happen very seldom. It will need much time to find out... because the EA cannot be backtested by strategy tester.

Wolfe Wave???

Is this what you call Wolfe Wave??
I don't have any idea


p/s from previous post by EA. I have removed TP and SL manually to see what will happen

Update :

Already touch the target line as well as fibo 61.8. So I just close it manually 93 pips. While GJ and EJ is still floating -ve.

Hypothesis

Hypothesis come first before theory. Theory will remain as theory and cannot became fact unless it proven by examination. The sciences fact will be applied as technology to human live. This is the methodology of science in order to understand the nature and to get better living.

There is no different to the system i've tried to develop... i mean this EA. It base on the hypothesis that is simply known as 'correlation between pairs' and 'price action'. Maybe the hypothesis I've suggested is wrong or maybe something wrong to the formula supplied on coding.

So I will let the EA run as is and no modification on coding for further. At certain point... we have to see... is it pass the the test or not.

Trades

3 trades opened by EA.
Let see what will happen...

Do I have a chance to win the trade?

Currently the series of candles on M5 to H4 indicate BEARISH while the BUY position opened by EA is floating -50 pips.
However, if I refer to Daily and Weekly timeframe... my opinion base on price action, the price still can go up for further.

p/s : EA use TF Daily signal but the entry is not sharp. It still need some modification.

Update :


There are 3 types of risk management on this EA.
(1) Lock profit
(2) Trailing stop loss
(3) Exit like manual

The risk managements above activated whenever the pips already green and the early sign of reversal(or correction) detected to protect the profit. On this case the EA use the option (3) and simply close the trade. Profit +9 pips only. As long as not loss

Optimizing Source Code

Concerning to my previous post about the forward test for the FullHouse EA, we found that this EA is profitable(so far) and trade safely without/less floating. And I've also repaired some weakness detected on this EA during the forward test.

But not so fast. I believe that market has a lot of variety conditions. Maybe thousand... or even billion candles formation.... who knows. I've tried my best to identify and to classify some of the patterns. Which one is for entry pattern... continuous... and indecision pattern of candles. Maybe I did mistake, and surely I'm not able to identify all cases, but at least my job is base on observation, basic knowledge and probabilities, not interfered by theories of candlestick.

And because of that, this EA will/may need some modification or enhancement in future. In order to do that, I've optimize the source code of the EA to make it easy to read and modify/maintenance in future. Currently, after some modification the version is 1.20.

Keep me in control

25 more pips for me (BUY EU and hit TP).

Don't be greedy . This is the basic rule to success in forex. Although the price can go up for further but I'm satisfy with 25 pips TP.

We don't know what will happen on the market in future. And moreover, the trading handled by robot(program) <--- which is a little bit dumb . I will try to make it enter and exit the market as early as it can.

By doing this way, I guess I can increase the probability to win the trade.

p/s: So far, pips gained by FullHouse EA for today is 25 pips GJ + 25 pips EU = 50 pips

25 pips while watcing Youtube

Today is Friday and Aid al-Adha day for Muslim all over the world. I wish to all Muslim Happy Hari Raya 'Aid al-Adha' Day.

I just went back from town. I opened my computer, surfed internet and watched video from Youtube. It's Criss Angle - Mindfreak show.

But First, I wasn't forget to open trading platform and activate the EA. Lets the EA do the job.

1 hour later I turned back to the trading platform... I found that the EA has already BUY GJ and hit TP. Simple job. Even mommy can do it. Who gonna pay you 25 pips without do anything

Let the BEAR run. No need to chase

I believe many traders gain a big profit for Thursday by SELL EJ, GJ, EU or GU. Congratulation for those who profit.

However, the FullHouse EA said... "Just let them(BEAR) run... Run far... far away from us. Run as far as it can. No need to chase them." So... for Thursday there is no trade.

This is one of the criteria of FullHouse EA. The EA will try to catch the entry point as early as it can... and it will never chase the market. If the point for entry is missed... then... it just let 'them' go.

This is because I am a 'probability' trader. Luckily FullHouse EA help me to control my emotion.

No trade so far

Sorry folks...
I didn't open my trading platform on Monday and Tuesday because I have things to do.

On Wednesday I've activate the EA but there is no open trade. It must be some logical explanation. Let me check it manually...

On H4
EU - extremely strong Bullish as I can see from previous candle
GU - market as I can see from the current candle... don't have any decision to go where. Previous candle indicate strong Bearish.
EJ - Current candle is continuous pattern for BULL. Considered too late by EA. Previous candle is entry for BULL.
GJ - Indicate continuous pattern for BEAR
UJ - ....
EG - ....

My conclusion is the market movement was 'unstable' Too dangerous to enter any position

Ok. I must fair to anyone who read this blog. I didn't post the result for the last floating GJ last week. So here there is

It still profit.

Closed Trade

This is closed trade for yesterday using FullHouse EA

Including GU, floating for 3 days.... Red already turned to green and I just close it manually for several pips. On this case I'm not patient enough to gain more

However... GJ floating. I've checked the thing. It's get signal from daily candle but then it's too late too enter trade. The candle body already move far away from the event of breakout (previous candle's low breakout).
The problem will be fixed.

Tom's almost complete the counting

Warning : This is just a test


It's TD sequential again...
The counting to 9 downtrend candle almost complete on H4

Successfully reduce the floating point from -200 pips two or three days ago... to -34.
This time Tom's did right

p/s : The FullHouse EA did't open any trade for the last two days. The currency was indecision mode.

Tom's signal has changed

Have you noticed that thing?
Please refer my post on Monday, November 16, 2009 Last time the signal was down. But now... the signal changed. Tom's signal start the counting for BULL

Hit TP

Screenshoot for today's trade by FullHouse EA...
3 post hit TP
25 x 3 = 75 pips at all

Upgrading

I'm still upgrading the EA to add the option for long term and short term trade.

Meanwhile, the GU position from Friday last week is still floating.
However the TD sequential setup(count) for reversal to down is still valid in daily TF.
So I just let it run... hopefully Tom's signal is right.... if not I'm going to die

TD Sequential

TD Sequential???
I don't have any idea what the hell is this.
I may try it

Upgrade version

The EA did serious mistake to enter the market. I found some 'bug' on coding and I have repaired the procedure to enter the market. The EA upgrade to version 1.01

EUR dominate the market movement

ooO... This time I got a big trouble...
Two positions opened by EA ... but suddenly Euro became too strong and dominate the market movement...
Strong Bullish on EU and EJ while GU and GJ move in the oposite direction.

Update:
Lucky... Close +10pips manually EU so that the EA can reinitialize the system. And I also want to check why the EA made such as serious mistake like this.
EJ still floating... And since the signal still red in color:p I'm waiting for better price to minimize loss.

Update :

I've closed EJ manually... So overall trade for today is like the above screenshot. Lose around -11 pips. Not too bad... :) We still have time to correct the mistake.

Out of consideration

This is today's trade so far...


The last trade is still floating. I'm not confident about this trade. It's not follow my intention. Of course the last three candles formed entry pattern for SELL (and fulfill the Trade Rule) ... however it's not happen during uptrend. It's happen after the series of candle indicate sideways...


But it doesn't matter. For the sake of this forward testing... I just let it run. Just wait and see what would happen next

P/s : so now, we have to see... is it human intelligent than machine... or the machine intelligent enough and do the job better than human... :p

Update :

Sorry folks... I closed it manual with 2 pips as long as not loss trade... I don't want to gamble the thing :p

Update :
What's happen after I close trade? A few moment later...
Hmmm... The sound funny... I'm the one who create it but then the EA predict market better then me. Or maybe the greatest strength of the machine is not interfered by emotion???

Lets the EA do the job

It's 12:12:59 GMT +8 (new indicator :p)

The last 2 candles for EU, GU, EJ dan GJ indicates that the market moving simultaneously in BULL position. The EA not yet open any position... because the entry pattern not detected. It's only continuous pattern (It's different between ENTRY and CONTINUOUS pattern) and it might too late to enter the market.

But who care? I don't care and no one care... Lets the EA do the job. No need to interrupt the program' s job. :p

The result so far

The EA trade very seldom, get little pips but no loss so far.
From the above screenshot, there are 5 trades and got 67 pips at all during 1 week. It's depend on setting. I have set the properties to make EA trade safely.

It's very sensitive to lock profit, activate the trailing stop and to handle exit whenever the pips already green. The procedure to enter the market also very strict.

Next week, I may put TP=30 pips for each trade.

Good exit point but the entry is not sharp enough

Here is the screenshot for the third trade.
Good exit point but the entry is not sharp enough.
I must test this EA for futher before jump to any conclusion or do some modification.

2nd Trade

EA open the 2nd trade for this week.
Buy GU at 1.6541

Update :
Hit the SL at 1.6543... Only get +2 pips :p