FX Rogue Wave 2.3 (by ibthescottyb) Quick Stats
The user has deleted this system.
Rating: Empty Star Empty Star Empty Star Empty Star Empty Star
FX Rogue Wave 2.3 Discussion
Previous 1 2 3 4 Next
ibthescottyb

Member Since Oct 08, 2010  407 posts ibthescottyb Apr 15 2014 at 12:37 (edited Apr 15 2014 at 12:40 )
http://ta.mql4.com/indicators/bills/alligator

Bill Williams Alligator


'Most of the time the market remains stationary. Only for some 15–30% of time the market generates trends, and traders who are not located in the exchange itself derive most of their profits from the trends. My Grandfather used to repeat: 'Even a blind chicken will find its corns, if it is always fed at the same time'. We call the trade on the trend 'a blind chicken market'. It took us years, but we have produced an indicator, that lets us always keep our powder dry until we reach the blind chicken market' -Bill Williams

In principle, Alligator Technical Indicator is a combination of Balance Lines (Moving Averages) that use fractal geometry and nonlinear dynamics.

The blue line (Alligator’s Jaw) is the Balance Line for the timeframe that was used to build the chart (13-period Smoothed Moving Average, moved into the future by 8 bars);


The red line (Alligator’s Teeth) is the Balance Line for the value timeframe of one level lower (8-period Smoothed Moving Average, moved by 5 bars into the future);


The green line (Alligator’s Lips) is the Balance Line for the value timeframe, one more level lower (5-period Smoothed Moving Average, moved by 3 bars into the future).


Lips, Teeth and Jaw of the Alligator show the interaction of different time periods. As clear trends can be seen only 15 to 30 per cent of the time, it is essential to follow them and refrain from working on markets that fluctuate only within certain price periods.

When the Jaw, the Teeth and the Lips are closed or intertwined, it means the Alligator is going to sleep or is asleep already. As it sleeps, it gets hungrier and hungrier — the longer it will sleep, the hungrier it will wake up. The first thing it does after it wakes up is to open its mouth and yawn. Then the smell of food comes to its nostrils: flesh of a bull or flesh of a bear, and the Alligator starts to hunt it. Having eaten enough to feel quite full, the Alligator starts to lose the interest to the food/price (Balance Lines join together) — this is the time to fix the profit.

ibthescottyb

Member Since Oct 08, 2010  407 posts ibthescottyb Apr 15 2014 at 12:38
To see some of the tests performed using the new EA, visit...

http://www.myfxbook.com/members/ibthescottyb/fx-rogue-wave-21-mod3/888539

ibthescottyb

Member Since Oct 08, 2010  407 posts ibthescottyb Apr 16 2014 at 11:58



Order #1 opened and did not quite make it to our Trailing Stop target. Price reversed and hit our SL. Order #2 in sequence finally broke out of the channel and we recovered losses and made some money.
Attachments:

ibthescottyb

Member Since Oct 08, 2010  407 posts ibthescottyb Apr 17 2014 at 12:32



Order #1 opened and did not quite make it to our Trailing Stop target. Price reversed and hit our SL. Order #2 in sequence finally broke out of the channel and we recovered losses and made some money.
Attachments:

ibthescottyb

Member Since Oct 08, 2010  407 posts ibthescottyb Apr 18 2014 at 12:26
Shut trades and EA down for the holiday - Happy Easter

ibthescottyb

Member Since Oct 08, 2010  407 posts ibthescottyb Apr 25 2014 at 13:37
Adjusted chart to show results since finding that EURJPY at max lots is the best solution thus far.

ibthescottyb

Member Since Oct 08, 2010  407 posts ibthescottyb Apr 25 2014 at 13:47
EA is loaded on EURJPY chart prior to Tokyo open and allowed to run through London and US until order sequence fulfilled. In backtest, the pair showed 95% accuracy in closing with gains within the 4 order sequence and showed account gains of 65% within 100 trading sessions.

Now we need to see if that continues on this live account

Professor53

Member Since Dec 15, 2010  795 posts Professor53 Apr 25 2014 at 22:46
K, I deleted the other watched chart and added this one... GO REAL account! WHAT changes did you make?

Click on my Name to see My Live Charts and Bio.
ibthescottyb

Member Since Oct 08, 2010  407 posts ibthescottyb Apr 25 2014 at 22:54
No changes. Just chose to follow a single pair that had the best results in back tests

Professor53

Member Since Dec 15, 2010  795 posts Professor53 Apr 26 2014 at 04:46
ok... We can watch it starting sunday night! I have over heated my laptop 3 times in the last 2 days..........arggg. Im going to have to slow the speed of back testing down and or turn off one more broker. It cant handle 2 brokers back testing at the same time. Its a I5 HP laptop. My EA is PC chip intensive....

Click on my Name to see My Live Charts and Bio.
Previous 1 2 3 4 Next
Japanese general elections (6h 15min)
Barron's: Lufthansa shares are ready for...(34 min ago)
EURUSD 1.17805 GBPUSD 1.31889
USDJPY 113.506 USDCAD 1.2626
FxPro

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2014 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.