PYenner

Blu-Ray Damn that was fast. Please tell me TS does Forex. Then we can bribe Walter with a crate of bananas to shift to TS and save my hair line, endangered species ya know...

Wlater About vma3 not being smooth enough and vma5Line 3 being really unsmooth. Agree. Vma does faster than vma3 ok and slower than vma3 ok but with too much lag, but inbetween seems to have a problem. I suspect it is just telling us the truth, that there is enough chop or volatility to confuse things. For now the only answer I can think of is to have more than one line like vma3, need to have lines either side as well, faster and slower to compare to. Maybe cci will work better in this area, don't know yet. Regards slowdown on XP, there is a way using Task Manager to give a program higher priority but it warns you that it can cause system instability. I have tried it once, no conclusions yet. But I notice a difference between XP and Vista. On XP MT4 is slow but task manager shows only 5% processor use. On Vista MT4 goes a lot faster and shows 50% processor use. I am starting to wonder if MS is making mischief slowing down XP. Need to try using higher priority on XP a few more times and see if it helps. Cheers

Walter The "5min" vma line should have been showing on your 1min chart too. Not sure what the problem was but "test2" is out now anyway.

ADXVMA6Test2.mq4 Added some more options for messing with the VI signal going from the adx to the vma. Cant find a checkbox option in MT4 so you get to type in 0,1 or 2 after "VI_0.VIsq_1.VIsqroot_2" to get these options. Primative huh? 0 gives normal VI 1 gives VI squared, stronger HE 2 gives sq root VI, probably no use... Also added "zeroVIbelow", range is 0 to 1 and 0 is for normal VI. 0.1 weakens HE, closer laddering, have not done much, probably no use. These were the settings for a stronger HE than vma3 but do fiddle... ADX_Bars=4; WeightDM=4.0; Spreading out the smoothing often works best. WeightDI=4.0; The value will often be similar to ADX_Bars above. WeightDX=4.0; VI_0.VIsq_1.VIsqroot_2=1; 0=normal VI, 1=VI squared Better HEs but lags, 2=VI sq root, weak HEs less lag. VImax=0.7; 0 to 1, 1=off, <1 for stronger HEs but time and price lag. zeroVIbelow=0; 0 to 1, 0=off, 0.1 weakens HE, closer laddering? ChandeEMA=4.0; Usually use similar number to "weights" above EMA100=100; Set to 1 to get rid of the ema line ADXVMA6Test2.mq4

Yellow was vma3

Cheers michaltrade Looks like Walter is finally going to get some options to chose from, so he will have some head scratching to do. Walter The settings in this pic are close to 5min type settings. I don't know if it will be any good to trade with but it looks really spooky on 1min. Uncanny, whatever...

Dr Steenbarger, like Dr Dorn, is a trader and a shrink for traders and contibutes to the trading community with articles and talks on trading. Here is a newspaper background on Steenbarger... Shrinking margins? It's all in the psychology 5:00AM Monday October 08, 2007 By Helen Twose Psychologist Brett Steenbarger. Great traders are like performance artists, says a visiting psychologist. Most are born with a talent for trading but need years of practice to develop the skills. Brett Steenbarger, a US psychologist specialising in training traders, was in New Zealand last week passing on tips. He said using psychological techniques could assist traders to be more successful. "All traders have two realities - risk and uncertainty," said Steenbarger. "You're making decisions - sometimes with a lot of money - with a lot of risk and a lot of uncertainty and many emotions come into play." Which is where Steenbarger can help. His background in psychology - he has a PhD in clinical psychology from the University of Kansas - and interest in trading has led to work as a trading coach. "This was an opportunity to bring the psychology and the trading together - to work with people as a psychologist but to help them with their trading performance," Steenbarger said. He said emotions caused problems for traders because they triggered a "fight or flight" response, causing blood to flow away from the decision-making centres of the brain. "At the times we are most emotionally worked up the blood is in the wrong part of our brain to make good, calm decisions and that's one of the reasons traders need to learn emotional self-control so that when there's a lot of risk and a lot of uncertainty they can make calm, reasonable decisions." Steenbarger trains the traders in techniques to deal with a range of emotions - negative feelings if they are in a slump, overconfidence when things are going well or impulsive, rash decision making. The goal, says Steenbarger, is to make traders their own trading coaches. From his own trading experience Steenbarger discovered he was making 80 per cent of his profits in the morning. "I was trading much more successfully in the morning than in the afternoon and during the middle of the day I was losing money," he said. A solution for Steenbarger would be to concentrate on the morning trading because that was when he was better at picking up the price and volume patterns. "Here I am a psychologist. I have a PhD, I've been trading many years myself and I still make some of the emotional mistakes. You can hope for perfection but in reality we're all pretty fragile," he said. What Steenbarger finds hardest is working with traders who don't have the skills for the job. Successful trading can take years of watching different markets and learning the patterns, he said. "Psychology helps but it doesn't substitute for that learning curve," said Steenbarger. "It would be like if they wanted to be a professional rugby player. They could come to me as a psychologist but what can I say to them that is going to give them the skills to get on the field with the All Blacks (the national football team)? "You have to have a certain amount of skill and practice and sometimes traders look to psychology for the answer but the answer is the learning curve."

Hope there will be more fun to come yet... Here is ADXVMA1Test1.mq4 for testing. It has one less ema smoothing stage, so "WeightDI" is missing. This uses Red lines, but you can set EMA100 to 1 to get rid of the ema line if you don't want it. In the pix is a comparison of the three indicators on their fastest settings. Not much difference, but it does show 3 cases where vma1 shows small clitches. All the versions have had glitch problems, using minimum "weights" = 1.1 or 1.2 helps to reduce glitches. Next test will be to find which gives best HEs at speeds similar to vma3... ADXVMA1Test1.mq4

Well done with the bb, looks very promising.

Walter A thought keeps popping into my head, comb filter. A comb filter looks at fast, medium and slow signals and compares them. Trying to make sense of where this might fit in. Like CCI fast gives trade entry/exit, but slower CCIs give something like trend signals, so when fast cci and slow cci are going in the same direction you get the bigger trade, with the trend. When they go in opposite directions you get zip. It would be good to have signals that say this breakout is going somewhere or this one aint. Same for pullback? Some clue just how far its going to pull so you dont take drawdown on entry? Maybe mission impossible, but these thoughts keep coming. Another thought is to try VI squared as an option, this might give stronger HE's but also delay laddering a bit. Square root VI has the opposite effect. Maybe should do an oscillator version that shows VI going 0 to 1, dont know if it will help or confuse.

Now you have adjustable rejection increase with any speed of line with VImax= "bit less than 1". So can have multiple lines with different VImax. Lots to experiment with. Want to try the opposite approach too, like IF VI less than 0.2 (20%), make VI=0 (HE). Adjustable HE "strength"? But got frustrated with vma1 crashing when I tried to put more adjustments in it. So much time gets wasted. Play with the settings for fast lines too, most the numbers get smaller as the lines get faster, could get interesting.

For 1min settings for ADXVMA6Test1 that resemble vma3 try... 2,3,1.6,2.2,1,2,100. Looks like the minimum settings should be 2,1.2,1.2,1.2,?,1,? Plenty of options for tuning, maybe some more to come but my head has had it for today, cheers.

To get an imitation of the 5min vma line and its ema100 magenta line onto a 1min chart... Use either ADXVMA_Bemac1 or ADXVMA6Test1 on a 1 min chart with these settings... 20,20,20,20,0.4,10,500 and change the line colors to something that suits you. The problem with having 5min curves on a 1min chart is that you usually have to zoom the chart out to see them, then zoom in again for trading? Not very practical, but at least you know the option is available on 1min.

ADXVMA6Test1.mq4 uses blue lines, Bemac1 uses green lines. Preset to the same settings as Bemac1-4,5,5,5,0.4,100. Again set VImax=1.0 to turn it off. The last setting is for the 100 ema line. Both will run faster or slower, provided the same settings are used on both, any difference comes from Bemac using High/Low vs vma6 using Close. Intended for testing on 5 min chart. Neither has had any testing yet.... ADXVMA6Test1.mq4

Walter ADXVMA_Bemac1.mq4 is for testing on 5min chart not for trading. It has a built in 100 ema line for trend determination comparison. The user settings have been setup to resemble Bemac on VT but I didn't spend much time on that. This has a bunch of bananas err user settings to monkey with. The "weights" are similar to ema periods but not exactly the same as either VT version or Igorads vma1, so similar numbers but not exactly the same. After telling everyone that Bemac's use of an 0.4 factor was a waste of time, it turns out to be a tool that increases the "price lag", the HE starts a bit further away from the peak price of a reversal. This and the time lag from the smoothing is what gives VMA1 its unique 5min trend definition. The 0.4 factor is built into Igorads VMA1 but not into any later version. In Bemac1 it is available as a user setting as VImax=0.4. To turn it off set it to 1.0. Bemac also experimented with VImax=0.2. There will be versions of vma1 and vma6 coming which will have similar user adjustments so we can finally compare the three different versions of ADX input logic currently in use. Bemac's VT version used High and low, but had a logical error in it that gave poor laddering on down trends and also seemed to give false HE's, often also on a down ladder. Bemac1 tries to use VT High and low but with the bias removed from the logic. Igorand vma1 used high and low but did it his own way. I have usually used Close because it behaved better. We will soon be able to compare all 3 and see which works best for what. Bemac1 is similar to vma6 (its coming) otherwise. When the 3 versions are done I will post a txt file of settings for each version for each chart, but you know, don't scatch too hard or you go bald... ADXVMA_Bemac1.mq4

http://www.youtube.com/watch?v=_3H6uEyR66M Part 2

http://www.youtube.com/watch?v=8z66kmPRl5Y Youtube vid. People & Power - Rigged Markets - 20 May 07 - Part 1 Hedge funds, naked short selling. Apparently Al Jazeera is distributing this material. Mixed feelings about this one.

Thanks Walter If the cci signal can be normalised it might look like that. This one seems to confuse me, sometimes I can see it and sometimes I see all sorts of other things. Also wondering about pullback and whipsaws, wondering if they get bigger when the trend momentum gets bigger. Its something I haven't given thought to but maybe it should get more thought. It would be nice to have some lines lagging behind the vma base line that work as guides for how much pullback or whipsaw you might expect to get at different stages. That volatility stuff always seemed unpredictable to me, some days it seems normal and other days it seems loco, but maybe past trend strength has something to do with it or maybe its a clue to future trend strength. Audusd is saner than many pairs so it may be easier to find rules for things here. Also the base line for 1min needs to be chosen from a good range of options. That was what I was supposed to be working on this weekend but I goofed off and took a holiday. A few times now I have ended up getting like 2 hours sleep in 48 hrs and my posts and my trading both seem to go loco when that happens. Wish there was more time in the day but looks like cutting sleep isnt the way to go. I'm actually having difficulty adjusting to vma trading, to trusting an indicator, usually I trust indicators even less than I trust the market. Got used to double guessing and doubting everything. I have always followed all 10 major pairs and trying to follow just one pair has me feeling like I'm running around with no clothes on, uncomfortable as hell. Hard to break old habits and I'm bouncing between the old and the new still. Have to follow my own path with these things and trying to change directions seems to overload the brain cells and crazy stuff happens. It will sort itself out in time. Sorry for slowing things down but needed some time out.

Denial, yes, paddled down dat creek too often. At least I am learning to recognize the scenery when that happens. I don't understand Cramer either, thats not the way I think. One thing I don't do is give myself a proper chance, discipline is needed. >>Because the markets are always right---EXCEPT at two significant times.<< Well said Doc.

I'm still inconsistent, still shooting from the hip.

The road to simplicity is anything but simple. The market is hugely devious, yet it is still crude and simple. Up, down or sideways. The questions are endless, but while trading, only the key trading questions are helpful, most questions are distractions. The media seems to have gone after the dumn money. Thats not a pretty picture of John and Jane Doe. Whether you call it comic book or trailer park, I can't see it lasting one day of reality in trading. Education is not intelligence, there are many educated idiots. Lack of education does not mean unintelligent. Whoever they are, they have to ask themselves the right questions in order to see reality, instead of wishful thinking. Others don't come into it. There is only the self, one player who wins or losses with or against themself. The price is reality, reality must dictate your reactions. Preparation and practice develop the reactions. There is something kind of zen about the perspective, the focus amidst chaos. Or like a firemans drill, each different scenario has is own best approach. The discretionary, thinking on your feet thing, keeping your mental reality up to speed with market reality, no delusions. I'm not sure that you can plan an attack on the market. It's more like planning a series of defences against likely attacks. The least worst outcome is a big part of the picture once a trade is running.

On good long trends the fantail gets too stretched out and it no longer gives a good pullback rule. I have not thought about ways of speeding up the fantail ema's to match the speed of the trend. Maybe something like that is needed, some auto adjust that we dont have yet. Auto adjust is part of the adx though... just thinking... no promises.

That 25 pip pullback is what I mean about a confidence test that you get in forex. AudUsd is friendlier than some major pairs yet I was surprised to see a 25 pip test in AudUsd. GbpJpy can do 100, 200, 300 pip burns on smart entries, its a serious test of confidence or sl rule when chasing big entries. The smart money doesn't like you getting in on the big move entries and does try to burn you off. I think you have had a major success with the 5min magenta entry thing. That close to 5min magenta or past magenta thing is my "heat" measure.

Heat = pullback in price pips ADX works in momentum, not price. CCI works in a mix of price and momentum. Neither gives a good measure of price heat or % pullback. Draw me a picture of what you want to see in the heat tolerance indicator.

http://www.cnet.com.au/games/xbox360/0,239035744,339281425,00.htm Link to a review, gets the thumbs up.