Playing with the VMAR`s open research

[walterw]

Originally Posted by PYenner Minister for beach chairs, umbrellas and light refreshments? Secretary for golf? Umm, other things are catching up on me. Gunna cost me a few days. Vma4 might be next week. Think I have got to the end of chasing turbo now, far enough anyway. It is like we now have a starting position to go on from. If that makes sense. Maybe not so much rush for the next stuff.

Well those positions should be taken very carefully ¡¡ it is a tremendous responsabilty ¡¡¡ jejjejee.... relaxation of so many people on your shoulders ¡¡¡ jejejej

take your time Bruce... so far looks what I was emulating on my mind...

Originally Posted by PYenner Walter Yeah, scalpetic. Think it will need another line, bit more slow and steady, so the trader can better judge the market. Maybe do an addon indicator that shows a line joining Close prices. Or maybe Hi Lo Close, 3 lines to show volatility coz the fantail covers up the candles in MT4. These lines would be on top of the fantail where you can see them. But could get cluttered up on screen...

about clutter... that should be dealed with creativity... use more charts etc... cheers Walter.

[walterw]

Originally Posted by shreem Hello PYenner, thank fro your reply. Happy to know that Ensign was mentionned. Hope an indicator for VMAR will come out some time in the future for this platform. I do really appreciated all the help that you give Walterw in developping indicators for his great method. Using already rainbow sclaping of Linuxtroll for some time, I see that the addition that Walterw is putting in adding the concept of VMAR is a great development. Will be very interested to see the VMA4 next week for MT4. I will use MT4 in the maintime that one get created for Ensign. Again, a great thank to you and Walterw for all the great posts that you put on VMAR. Sincerely Shreem

Thanks Shreem ¡¡ certainly Bruce (Pyenner) is a great fellow ¡¡ without his contributions we would not had evolved as we are doing... this colaboration process will end up on terrific great trading... the genesis of the Banana Republic... cheers Walter.

[sundowner]

Hi Walter,

Thanks very much for these threads Walter. I really appreciate the careful, thoughtful descriptions you have presented outlining this trading method. I find the videos clear and concise… great visualizations. Gracious of you to share.

Special thanks as well to PYenner for the time and effort you have put in and shared with this community. Without your contributions I would be sidelined, as I know absolutely nothing about programming and am probably too thick to learn. I particularly appreciate the templates and indicators in metatrader format.

With respect, I’d like to post this chart with a candle formation originally created by “Goldenequity” and introduced to the forex community on this board… this post:

http://www.forex-tsd.com/suggestions...formation.html (post 577 is Godenequity’s)

As you can see, he uses dinapoli mas and looks for what he calls waterfalls and fans… a distant cousin to the rainbows you use.

I find the RandyCandles (Goldenequity’s first name is Randy I think) a very useful visual aid and am thinking they may help here in timing trades. (or at least provide a great visual.)

If you find this post off track or valueless, my apologies.

Again, thank you both.

Regards

[PYenner]

Originally Posted by sundowner Hi Walter, ....absolutely nothing about programming and am probably too thick to learn. I find the RandyCandles (Goldenequity’s first name is Randy I think) a very useful visual aid and am thinking they may help here in timing trades. (or at least provide a great visual.) If you find this post off track or valueless, my apologies. Again, thank you both. Regards

Thank you sundowner (there was a movie by that name many many years ago)

Your post is welcome and appreciated, ideal stuff.
Yes I have hopes of building in visual aids too, so it is timely.

As for being thick, yes been there, now doing it in public, <sigh>...
It has been quite a challenge and there have been many mistakes.
Much confusion.
But slowly we get there, with a little help from our friends, as the song goes.

Regards to you Sundowner.

[walterw]

Originally Posted by sundowner Hi Walter, Thanks very much for these threads Walter. I really appreciate the careful, thoughtful descriptions you have presented outlining this trading method. I find the videos clear and concise… great visualizations. Gracious of you to share. Special thanks as well to PYenner for the time and effort you have put in and shared with this community. Without your contributions I would be sidelined, as I know absolutely nothing about programming and am probably too thick to learn. I particularly appreciate the templates and indicators in metatrader format. With respect, I’d like to post this chart with a candle formation originally created by “Goldenequity†� and introduced to the forex community on this board… this post: http://www.forex-tsd.com/suggestions...formation.html (post 577 is Godenequity’s) As you can see, he uses dinapoli mas and looks for what he calls waterfalls and fans… a distant cousin to the rainbows you use. I find the RandyCandles (Goldenequity’s first name is Randy I think) a very useful visual aid and am thinking they may help here in timing trades. (or at least provide a great visual.) If you find this post off track or valueless, my apologies. Again, thank you both. Regards

Thanks for your kind words Sundowner...

about this Randy candles, can you give me an example of how would you time a trade with them... ( would this be heikin ? )... thanks for inputs ¡¡ and they are very welcome ¡.. cheers Walter.

[sundowner]

Originally Posted by walterw Thanks for your kind words Sundowner... about this Randy candles, can you give me an example of how would you time a trade with them... ( would this be heikin ? )... thanks for inputs ¡¡ and they are very welcome ¡.. cheers Walter.

Thanks for the welcome PYenner and Walter.

Here are the templates and a detailed look at the use of RandyCandles posted on another site by one of the contributors. Sorry, too lazy this morning to look up his name. Yes Walter, they are heiken.

Basically, Goldenequity looks for specific candle formations which he calls zorros and chili peppers (alert candles) at market turning points...your laddering, for example. The document explains in detail.

Cheers

[sundowner]

Sorry for the double post, but I forgot the chart.

The chart has an example of two alert candles. You will notice a number more.

Cheers

[PYenner]

Thank you sundowner

My view of what goes on inside our version keeps shifting.
The ADX approach we use has a problem with the horizontals lasting too long or even happening when they shouldn't.
I first thought the ADX worked in terms of prices, swings, but it now looks like one important part is effectively looking for long candles.
Long candles do go with laddering, but to have the length of the last longest laddering candle controlling how long the horizonal lasts is a bit single minded.
Trying to find a more logical approach, get more control.

Also didn't know MT4 lets you control the candles, that might fix our problem with the fantail covering up the candles maybe.

Thank you

[sundowner]

One last post about timing a trade with RandyCandles and then I'll leave it to you folks to decide if it's worth pursuing. The difficulty with these candle formations is that the move following the entry candle (the candles following the alert candle) is sometimes not worth trading and I haven't sorted out how to know the difference.

These two charts are examples of timing trades using RC's. The first chart is a series of trades following the laddering that work very well as you will see, the other chart is of some trades didn't work out well.

Cheers

[PYenner]

Yes sundowner

It has a lot of potential but that one major limitation.
Walters inspiration with the Horizontal effect is I believe all about just that problem and his use of 5min charts seems to help eliminate the less certain entries. But less sensible people like me tend to want to trade anything that moves, impatient. Quality entries are what it is all about.

Can I confess to being a bit phobic about heiken?
It confused the heck out of me the first time I tried to make some sense of it.
It was sad to see the thread on Randy fizzle out.
Maybe I am not the only one that finds heiken tough to penetrate

I don't know what will come out of this project yet.
But there sure is potential.
Cheers