Kelly's Cycle Identifier

[vegas_trader 10]

" $TTM Scalper HL " is available in this forum and look very similar from Kelly's Cycle Identifier" ( http://www.trendpro.com/ )

I am not a coder, but so far signals accuracy look good on charts.

It seem that in addition to the regular $TTM Scalper the code identify the 2 previous bars.

tm.pdf

$TTM SCALPER HL.ELD

[duhhhh 10]

Looks good in past chart

but when does signal show in real time ?

I've seen a lot of indicator shows after 2~3 bar after.

[vegas_trader 10]

Looks good in past chart

but when does signal show in real time ?

I've seen a lot of indicator shows after 2~3 bar after.

 

Actually all $TTM Scalper are supposed to wait 2 bars and get they signals at the open of the third bar.

[Trader333 10]

Are you able to attach a text file of the contents of the ELD as I am unable to open it ?

 

 

Paul

[Tams 20]

{Scalper Buys and Sells		7/18/2007
Written by Luis Gomez 
inspired by John Carters "Mastering the Trade"
This plots swing highs/lows with a strength of 2 bars on each side, on the condition that there is a
	close above/below the high/low the bar after the said swing bar......whew that's a mouthful!

31.07.2007  added some modifications by insideday for displaying on the bottom and with filter
}

inputs:
UsesFilter(1),	//added  (0) = No Filter, 1= ATR , 2 = Points
MinimumDiffPoints(4),	// Points for UsesFilter=2
ATRMult (3),
ATRLen (40);
variables:
highBarsAgo(1),
possibleHighBarsAgo(1),
possibleHigh(-2),
hightoBeat(-1),
barsSincePaint(1),
lowBarsAgo(1),
possibleLowBarsAgo(1),
possibleLow(10000001),
lowtoBeat(10000000),
triggerPriceSell(-1),
triggerPriceBuy(1000000),
trend(1),
_UP(1),
_DOWN(-1),
_ON(1),
_OFF(-1),
MinimumDiff (0);


//UsesFilter added

If UsesFilter=0 then MinimumDiff =0 else
if UsesFilter=1 then MinimumDiff = ATRMult *AvgTrueRange(ATRLen)else
MinimumDiff=MinimumDiffPoints;




//***************************************************
//****** Find and plot the highest swing high *******
//***************************************************

if trend = _UP then begin
if swingHighBar(1,H,2,barsSincePaint+2) > -1 then begin
	possibleHighBarsAgo = swingHighBar(1,H,2,barsSincePaint+2);
	possibleHigh = H[possibleHighBarsAgo];
end;

if possibleHigh >= hightoBeat then begin
	highBarsAgo = possibleHighBarsAgo;
	hightoBeat = possibleHigh;
	triggerPriceSell = L[HighBarsAgo - 1];
end;

if C < triggerPriceSell and 
	highest(high,highBarsAgo) < hightoBeat 
	and (H[highBarsAgo]-L[lowBarsAgo])>= MinimumDiff then begin	//added 
	plot1[highBarsAgo](1,"HL",white);
	//alert("Scalper Sell");
	trend = _DOWN;
	barsSincePaint = highBarsAgo-1;
	hightoBeat = -1;
	lowtoBeat = 10000000;
	triggerPriceBuy = 10000000;
	triggerPriceSell = -1;
	highBarsAgo = 1;
	possibleHigh = -2;
end;

end;

//***************************************************
//****** Find and plot the lowest swing low *********
//***************************************************

if trend = _DOWN then begin
if swingLowBar(1,L,2,barsSincePaint+2) > -1 then begin
	possibleLowBarsAgo = swingLowBar(1,L,2,barsSincePaint+2);
	possibleLow = L[possibleLowBarsAgo];
end;

if possibleLow <= lowtoBeat then begin
	lowBarsAgo = possibleLowBarsAgo;
	lowtoBeat = possibleLow;
	triggerPriceBuy = H[LowBarsAgo - 1];
end;

if C > triggerPriceBuy and 
lowest(L,lowBarsAgo) > lowtoBeat 
	and (H[highBarsAgo]-L[lowBarsAgo])>= MinimumDiff then begin	//added
	plot1[lowBarsAgo](-1,"HL",white);
	//alert("Scalper Buy");
	trend = _UP;
	barsSincePaint = lowBarsAgo-1;
	possibleLow = 10000001;
	lowtoBeat = 10000000;
	hightoBeat = -1;
	triggerPriceBuy = 10000000;
	triggerPriceSell = -1;
	lowBarsAgo = 1;
end;		

end;

barsSincePaint = barsSincePaint+1;
if trend = _UP then highBarsAgo = highBarsAgo + 1;
if trend = _DOWN then lowBarsAgo = lowBarsAgo + 1;
plot1(0,"HL",white);

[3monkeys 10]

[vegas_trader 10]

 

Really cool, different signals, will need to modify the input in the Scalper HL

[vegas_trader 10]

Hi 3monkeys, is it worth $2,395 Pro Trend Inc.

[3monkeys 10]

These are all glorified zigzag indicators. They are what they are, telling you the recent highs and lows after the fact by repainting. They don't teach you how to trade.

[vegas_trader 10]

These are all glorified zigzag indicators. They are what they are, telling you the recent highs and lows after the fact by repainting. They don't teach you how to trade.

 

I can't believe this guy selling a repainting indicator for this kind of money

[hunter1 10]

Actually the TTM scapler is useful if you understand how to use it and understand how floor trades scalp.

 

1. You need 2 chart a long term for trend a fast chart for entry.

2. Understand that scalping is buy the breaks and sell the rallies.

3. A trend is continued new highs or lows in a given direction. UP trend is New high followed by a break followed by a higher high. then a break then a HH etc.

 

Simple way to trade. You get a trend direction on your longer chart then look for a trade into that direction on a fast chart.

 

you are not trying to hit pivot tops and bottoms just catch the break between Higher highs for example. Also trend is in one direction until you get a confirmation of a change. for example a string og HH's followed by a LH is a possible change of direction. Until you get that lower high you are always looking for breaks to go long. Trend is also chart specific. For example a daily chart may be in down trend but a 5 min chart may be in uptrend which is inside the longer daily downtrend.

[duhhhh 10]

How can I make strategy with this code

 

I added bold line in this code and delete plot line

if C < triggerPriceSell and

highest(high,highBarsAgo) < hightoBeat

and (H[highBarsAgo]-L[lowBarsAgo])>= MinimumDiff then begin

sell next bar on market // ADDED

 

if C > triggerPriceBuy and

lowest(L,lowBarsAgo) > lowtoBeat

and (H[highBarsAgo]-L[lowBarsAgo])>= MinimumDiff then begin

Buy next bar on market // ADDED

 

 

but it shows totally diffirent buy/sell signal with indicator

Im not good at EL and strategy

Edited February 3, 2010 by duhhhh

[3monkeys 10]

How can I make strategy with this code

 

I added bold line in this code and delete plot line

if C < triggerPriceSell and

highest(high,highBarsAgo) < hightoBeat

and (H[highBarsAgo]-L[lowBarsAgo])>= MinimumDiff then begin

sell next bar on market // ADDED

 

if C > triggerPriceBuy and

lowest(L,lowBarsAgo) > lowtoBeat

and (H[highBarsAgo]-L[lowBarsAgo])>= MinimumDiff then begin

Buy next bar on market // ADDED

 

 

but it shows totally diffirent buy/sell signal with indicator

Im not good at EL and strategy

Sure, we all love to be able to buy or sell something 5 or 10 bars ago.

[aaa 10]

*************************

 

Here is the TTM scalper plotted on bars

 

 

http://www.traderslaboratory.com/forums/f56/storing-pivot-level-eld-6437.html

 

***************************************************************

 

Scalper Buys and Sells 7/18/2007

Written by Luis Gomez

inspired by John Carters "Mastering the Trade"

 

*********************************************************************

 

This plots swing highs/lows with a strength of 2 bars on each side, on the condition that there is a

close above/below the high/low the bar after the said swing bar......

 

****************************************************************

Edited February 6, 2010 by aaa

[Mearyeaurng 10]

Is there anything like this for MT4? Thanks.

[9146894me 10]

Tried this in Easy Language Power Editor and Lots of errors. Anyone Have a functioning ELA file.

[9146894me 10]

:crap: I tried to post the code into Easylanguage PowerEditor by Omega Research and got lots of errors. Anyone have a functioning ELA file.

Thanks

[Tams 20]

:crap: I tried to post the code into Easylanguage PowerEditor by Omega Research and got lots of errors. Anyone have a functioning ELA file.

Thanks

 

prob the code won't work on ts2000.

 

 

p.s. if you need help, you should copy and paste the error message here.

[9146894me 10]

Anyone have the ELA file for this?

[macdfx 10]

I can't believe this guy selling a repainting indicator for this kind of money

Yeah, those TTM boys really make a lotta bank. Over $2 million a year...John Carter Webinar discussing how much he made in 2007.... about 8 minutes into it....

[9146894me 10]

I can only open ELA files no the ELD files. MAybe you canpost the text of the ELD?

[dre 10]

please who can convert it to .mql file for meta trader platform

 

Thanks in advance