The PSAR insight came as a direct result of trying to locate better parameters for short-term market moves. It ended up in me revisiting a handful of my own indicators, Omega, Distinct Vega and Alpha-5. What came out of that study, was a better understanding of how to *use* the indicators I already created. So, I don't use PSAR. However, PSAR did help to shed some new light on something I already had in my tool shed.
What I ended up doing was re-introducing a more improved version of my old Apex trade signals, which were originally designed to position orders near the top and bottom of each Daily session, in the opposite direction of the market. The problem back then was not having a tight enough understanding of when the bottom was not the bottom and when the top was not the top. A deeper exploration into the historical data produced by Omega, Distinct Vega and Alpha-5, gave me a better understanding of when a bottom is a real bottom and when a top is a real top, on the Daily bar. They also helped me to set better targets by providing me with a better expectation of potential pips available.
It is a simple question of when to Fade the market and when not to - of course, on a Daily basis, that question turns out to not be so simple.
I've added Apex II trade types to my weapons store and I trade them all the time. They are some of my most effective trades, ranging from 20 to 70+ pips per day - when and if a Signal is generated. And, that's part of the difference - I won't get one of those signals every single day, but if I track multiple currency pairs, I can attain approximately 90% signal availability - so I can have an Apex II trade almost each day.
It has taken over as the primary trade signal. So, it is very important to my trading. My current trade live trade journal, is an attempt to certify something of a nexus, or bridge, that would connect the Apex II trade type to the OmegaWave trade type. If I can make that connection, then I effectively get what I've always wanted - an Always In Trading System.
Most people scoff at Always-In, because it is considered the so-called 'holiest of holy grails' and people just don't believe that grails exist. However, my ideas don't exist in a vacuum, they exist because of historical research. Research that has taken me years to fully understand and data that is wide open for extrapolation. So, while I see an accurate Always-In approach as possible, others see it as humor - which tells me that I'm precisely on the path that I need to be - - doing what most others count as folly.
The so-called 'holy grail' does indeed exist. But, no one ever said that finding would be child's-play. If the truth be told, there isn't just one grail - there are many. That's the real dagger in the heart of the scoffers. They don't only fail to see one of them - they completely fail to see any of them. The 'grail' is in the expectation and the expectation is in the research.
There used to be a Golf commercial that said: Find your game. I'll re-write that for trading to simply say: Find your reasonable expectation for profit and stick to it. That's the 'grail' path and there are many ways to do it.
I note you saw my live journal - good. I'll be mostly posting over there FNO.
The following user says Thank You to JetTrader for this post:
Thanks for the answer and it is cool seeing you come up with all the new stuff.
I'm currently setting up a backtesting environment in Excel so I can get a better feel on everything. With it I will be able to test say some basic single time frame signals, then adding both a weekly and monthly dominant onto it and see how that changes things. Just basic testing like that can work the same way as viewing raw data or charts for relationships.
And while doing this I will probably get an idea where some of the high accuracy low availability signals reside. Well, at least after having studied the relationships between all the indicators.
I am assuming the most challenging part will be mixed signals especially if I don't have any locbind stuff figured out yet.
In your gen 4 system did you have any basic do not rules that say for example do not trade against a dominant long weekly + monthly trajectory? Though I almost hesitate to ask this because there are so many factors like the ages and say transformations that will switch the dominant to the subordinate side.
I forgot to add: If I find some high accuracy low availability signals, I will look for and test them in custom time frames from 4 hours and up. Could be a nice sideline project.
Last edited by feelnot; September 21st, 2011 at 01:38 PM.
Hey 7th, so when is this for sale then lol, just playing, I have read most your posts and have never seen you selling just giving free info, I am English and I do not doubt you, so we aren't all that bad , futures.io (formerly BMT) just tried saying I needed elite membership to look at your live journal, found a way around it, maybe just a bug? Did you whip up a code to import interbank data into your excel? How do you go about cleaning the data? Multiple feeds?
All the best
Not sure what you are referring to. Jet Trader is not an Elite Member, so nothing he posted would be restricted to Elite Members only.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
There is still interest here so I hope you drop by sometime!
I also do have one question that I can't seem to figure out. As I understand it your SAC numbers put most emphasis on the newest bar and then less and less emphasis on the older bars. Wouldn't this mean that if the newest bar had a very low omega number then the fill percentages on the next bar could sky rocket? I mean above the normal range of 0-140%~ to something closer to 250% on rare occasions. You also seem to calculate old bar's fill percentages using averages that use that bar's high and low (the future...if it were the current bar). So I am a bit confused here.
If yesterdays bar's fill percentages are calculated using that bar's high and low to get the SAC number. Then what do you do for the current bar?
This in no way reflects on where I am at with my research. I am just using raw data for now. The stuff I am coming up with is amazing. I go to space and back trying violently to go a different direction than yours (my ego) often times coming up with very cool stuff. I'd love to discuss it but I'll get more research done first!
To those wondering this is not related to harmonics. I'm just asking him about some average calculations that I think he uses.
I've created a research forum expressly for the purpose of doing what I used to attempt to do in other forums, but could never quite finish, given the hysteria that typically came from the naysayers: CollaborativeFx.forumer.com.
Basically, I created a prototype trading system years ago in Excel, based on a set of indicators that I designed from the ground-up. Since I could only get access to Daily, Weekly and Monthly data back then, I had to build a custom "real time" database even for that. It was never intended to use "streaming data," and therefore the structure of the system was never designed for intra-day trading. However, I've always wanted to know whether or not my indicator designs could be used effectively, in the smaller time frames below the daily bar. For years, I traded very contently with the prototype. Now, I'm finishing up several MT4 Bots that I used a Visual IDE to build, based on a handful of the prototype indicator designs that I created years ago.
I normally like to do some parts of my research in public. Most of my advanced work remains concealed, as it should be. However, over the years, I have discussed openly, several core indicators and concepts that I developed a long time ago. I'll be using the site as a no frills R&D facility of sorts, where traders can drop by and look over my shoulder. I'll be conducting a small amount of Q&A on a handful of Delta Class II Indicator designs, as well as discussing the core fundamentals of real integrated trading system design.
Harmonics, are not a part of the CollaborativeFx research project, as my hands have been full with getting up to speed on the basics of MQL and figuring out how to design Bots that would give me the information I need to determine whether or not the indicators behave in such a way that would make a full blown OOP development of the prototype a feasible idea, or not. So, I'm effectively using MT4 and MQL, to produce a proof of concept for further transforming the original system, so that it generates output (signals) at the Intra-Day level, as opposed to just one signal per day.
Note that I took the site down for a while, as working with an MQL developer was just not efficient enough. So, I began getting up to speed on several Visual IDEs for EA development, and can do all of the build work myself in MQL, without the enormous delays in waiting for a reply from a developer. I have five (5) sub-EAs build thus far, with the last two (2) in development. As soon as I finish the last two, I will announce the reopening of the CollaborativeFx.forumer.com.
You can follow my reopening progress on Twitter @CollaborativeFx. The site will be a non-commercial, sales free zone, with nothing to buy. And, it will be exclusive to my Bot and Custom Indicator research. The focus will be on finishing the POC and making a decision about transforming the prototype through OOP. Occasionally, I will conduct Q&A sessions on my Delta Class II Indicator designs and market theories.
The site is about how I conduct research and hopefully, at least one Trader gets inspired to go for the gold in their trading career as a result.
I produced a couple no frills CFx awareness videos here: 3OELqtfu38E and gc8UEFosaU. Just toss them into the YouTube search engine.
P.S. Sorry, Mike. I could not recall my JetTrader PW. So, I had to create a new account.
I'm almost finished with the seven EAs that I've been slaving over for the past three (3) months. Remember, all I'll be doing at the CFx, is building multi-time frame multi-bot Bots, basically as an automated proof of concept for my Excel prototype. The site is for the purpose of giving people a look over my shoulder during the process. So, it will be strictly Bot Talk on the site, as well as some discussion about how I developed a new class of indicators over the years.
Anyway, here is the last installment of the "awareness" videos. I created them just as a reminder of what's coming up on the horizon, for those that have expressed an interest in such things.
Happy trading to all on BigMikes!
Visit YouTube and search on: TheCollaborativeFx. The video is entitled: CFx Awareness Video III: Strontium Bot Initial Eval.
BTW - I will be featuring BigMikes site on the CFx as well, in my Go Fly Zone section of the forum. This is one of the sites I've always appreciated as being "different" than the standard forex forum on the net.