I believe this new system can really work out for all of us, if anyone can help me code it I think we all can be a little more relaxed, either by using it automated, or just by the facilities it brings this system consist on some basic points
1: Elliot waves recognition:
Calculator giving a percentage as well as a drawing in the screen if the next elliot wave is likely going down then a red arrow appears alongside elliot wave, chances it can be done by altering a zigzag but without repaint, this got a 15% on global percentage
2: game theory (part 1 ):
Custom made fundamental indicator grabbing only divergence automated directly from forex factory
If difference of expected high impact news results are good for example japan ppi forecast 2 actual 4 then it has +2 points, next news release Japanese cpi forecast 3 actual -4 then it gets a –1 , the +2 and -1 equals 1 positive point, do this for every news release each month or custom period , this got 30% on global percentage the points get summated and give a total all the time, they need to be charged in a predestined pattern, in cycles of 1 month ,no normalization (this way the symbolic use here probably never get absolute buy or sell )only total summed points (fundamental positive or negative points), automating hour detecting diference from forex factory to the pc so plotting is correct
3: game theory (part 2)
probability meter with(a custom indicator like nitro from wyfx without histogram) histogram appears on below not only global percentage for example all percentage of ind is : 90% , this weight on global got 15%
4:a chart on the left displaying the following with live news feeds:
central bank announcements(last ones):1banks: greek economy bla bla,2 banks: spain is damned,3 bla bla
credit ratings : (same as up)
geopolitical events (recorded all of the day : (same as up but with different news feed or a filter for only geopolitical events) 1 obama is going to expres a new plan in Washington 2 irak people bomb a oil ship , etc
5: candlesticks
Large candlesticks recognition this has 20%
Something like this:
http://intelligenttradingtech.blogspot.mx/2010/06/quantitative-candlestick-pattern.html
http://www.hotcandlestick.com/candles.htm
http://www.forexhit.com/learn-forex/price-patterns.html
in a mt4 indicator with recognition
like the one im putting here, almost every indicator is found either here or in mql4
6 : neural net and garch
a garch multi-variation model to predict the radius and a neural network to predict the center, and combined giving a forecast, remember in garch models the most important is high and low, no open or close and it also must say which model predicting for example in one hour is going to have the most change in % FROM ACTUAL PRICE, this is important because we are hunting highs and lows only, not open and close , eurusd usdjpy, or mostly G10 countries or ones with low spread , this one appears like nitro individual saying the probable change in 1 hour or current tf of the pair and also a global which financial instrument is going to have the biggest change from actual price to next bar , the individual part of change percentage must be added to the global 20% but keep in mind we need atleast 10 bars x number of inputs , as for the neural net we can check if feedforward or recurrent neural net is better by performing 2 different forward tests , this has 20%
swopec.hhs.se/hastef/papers/hastef0669.pdf
http://ideas.repec.org/p/wpa/wuwpem/0004007.html
7: broker volume indicator or sentiment indicator: seeing other market orders as a whole with many brokers using an indicator like volume spread analisis and getting the percentage of bulls and bears in like 50 brokers, there is a mt4i sentiment indicator that proves percentage of winners and loosers, oviously if made with 50 brokers this can get really interesting , specialy to get into market extremes, this one has no percentage
http://www.mt4i.com/connect/connect.aspx#sentiment
8: oviously the global percentage would be the thing used to perform a trade, but we would need to optimize the best TF and sl/tp yet I think its downhill from number 6 because most of what we are missing are support ,resistance lines and channels
9: once optimized the idea is to enter price when probability is high with a trailing stop of 20 pips supported by volume, trailing stop, but with HEAVY account percentage maybe risk/r 1:4
OR using tops and bottoms to use sl/tp
conclusion:
1: we need a new indicator of fundamentals like the thing i draw in the file
i believe this can be done by pimping an indicator called fx pulse
http://www.forexeasystems.com/forex-...tool-fx-pulse/
2: we need a good neural network combined with the garch radius to show probable outcomes i gave the links to check out some useful info
3:we need the eliot wave recognition
4: we need to pimp the pattern recognition indicator so it gets alot of more patters like the ones in the links
5: we could use mt4i sentiment alone, but i think using volume spread analisis like here
http://www.forexfactory.com/showthread.php?t=170432 on many brokers with an average can help spice things up a bit
1: Elliot waves recognition:
Calculator giving a percentage as well as a drawing in the screen if the next elliot wave is likely going down then a red arrow appears alongside elliot wave, chances it can be done by altering a zigzag but without repaint, this got a 15% on global percentage
2: game theory (part 1 ):
Custom made fundamental indicator grabbing only divergence automated directly from forex factory
If difference of expected high impact news results are good for example japan ppi forecast 2 actual 4 then it has +2 points, next news release Japanese cpi forecast 3 actual -4 then it gets a –1 , the +2 and -1 equals 1 positive point, do this for every news release each month or custom period , this got 30% on global percentage the points get summated and give a total all the time, they need to be charged in a predestined pattern, in cycles of 1 month ,no normalization (this way the symbolic use here probably never get absolute buy or sell )only total summed points (fundamental positive or negative points), automating hour detecting diference from forex factory to the pc so plotting is correct
3: game theory (part 2)
probability meter with(a custom indicator like nitro from wyfx without histogram) histogram appears on below not only global percentage for example all percentage of ind is : 90% , this weight on global got 15%
4:a chart on the left displaying the following with live news feeds:
central bank announcements(last ones):1banks: greek economy bla bla,2 banks: spain is damned,3 bla bla
credit ratings : (same as up)
geopolitical events (recorded all of the day : (same as up but with different news feed or a filter for only geopolitical events) 1 obama is going to expres a new plan in Washington 2 irak people bomb a oil ship , etc
5: candlesticks
Large candlesticks recognition this has 20%
Something like this:
http://intelligenttradingtech.blogspot.mx/2010/06/quantitative-candlestick-pattern.html
http://www.hotcandlestick.com/candles.htm
http://www.forexhit.com/learn-forex/price-patterns.html
in a mt4 indicator with recognition
like the one im putting here, almost every indicator is found either here or in mql4
6 : neural net and garch
a garch multi-variation model to predict the radius and a neural network to predict the center, and combined giving a forecast, remember in garch models the most important is high and low, no open or close and it also must say which model predicting for example in one hour is going to have the most change in % FROM ACTUAL PRICE, this is important because we are hunting highs and lows only, not open and close , eurusd usdjpy, or mostly G10 countries or ones with low spread , this one appears like nitro individual saying the probable change in 1 hour or current tf of the pair and also a global which financial instrument is going to have the biggest change from actual price to next bar , the individual part of change percentage must be added to the global 20% but keep in mind we need atleast 10 bars x number of inputs , as for the neural net we can check if feedforward or recurrent neural net is better by performing 2 different forward tests , this has 20%
swopec.hhs.se/hastef/papers/hastef0669.pdf
http://ideas.repec.org/p/wpa/wuwpem/0004007.html
7: broker volume indicator or sentiment indicator: seeing other market orders as a whole with many brokers using an indicator like volume spread analisis and getting the percentage of bulls and bears in like 50 brokers, there is a mt4i sentiment indicator that proves percentage of winners and loosers, oviously if made with 50 brokers this can get really interesting , specialy to get into market extremes, this one has no percentage
http://www.mt4i.com/connect/connect.aspx#sentiment
8: oviously the global percentage would be the thing used to perform a trade, but we would need to optimize the best TF and sl/tp yet I think its downhill from number 6 because most of what we are missing are support ,resistance lines and channels
9: once optimized the idea is to enter price when probability is high with a trailing stop of 20 pips supported by volume, trailing stop, but with HEAVY account percentage maybe risk/r 1:4
OR using tops and bottoms to use sl/tp
conclusion:
1: we need a new indicator of fundamentals like the thing i draw in the file
i believe this can be done by pimping an indicator called fx pulse
http://www.forexeasystems.com/forex-...tool-fx-pulse/
2: we need a good neural network combined with the garch radius to show probable outcomes i gave the links to check out some useful info
3:we need the eliot wave recognition
4: we need to pimp the pattern recognition indicator so it gets alot of more patters like the ones in the links
5: we could use mt4i sentiment alone, but i think using volume spread analisis like here
http://www.forexfactory.com/showthread.php?t=170432 on many brokers with an average can help spice things up a bit
Attached File(s)
Pattern Recognition.ex4
16 KB
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1,160 downloads
Pattern Recognition.mq4
16 KB
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1,447 downloads