Walter`s Forex "Vma Trend Scalps"

[Blu-Ray]

	Quote:	unicorn
	Good day Walter; How do you classify this eurusd formation? What is your entry? On 5min it looks somewhat better than on 220T cheers. Unicorn.

Unicorn

Just a couple of quick questions, what is the black line with dots in, is that the 34 ema?

Also, have you already posted your codes for the signal vma and rainbow vma, sorry for asking but there's been loads of codes posted recently that I couldn't remember if you had.

Obviously without reading the code, what is the difference between yours and PYenners MT4 version, is it the stochastics element?

Looking at those last charts you posted, although it gave you a late entry on the cyan line, you're not going to get perfect entries every time, but I would imagine it will keep you out of more of the bad trades. Thats why I wouldn't mind coding this up and testing it myself if possible.

Cheers

Blu-Ray

[unicorn]

	Quote:	Blu-Ray
	what is the black line with dots in, is that the 34 ema?

Good day Blu-Ray;
yes

	Quote:	Blu-Ray
	Also, have you already posted your codes for the signal vma and rainbow vma.

yes. it is here http://www.traderslaboratory.com/for...html#post23547
and here: http://www.traderslaboratory.com/for...html#post23626

	Quote:	Blu-Ray
	Obviously without reading the code, what is the difference between yours and PYenners MT4 version, is it the stochastics element?

True implementation of Vidya, as per the original Chande formulation.

	Quote:	Blu-Ray
	Looking at those last charts you posted, although it gave you a late entry on the cyan line, you're not going to get perfect entries every time, but I would imagine it will keep you out of more of the bad trades.

yes Blu-Ray, I agree.
In reference to eurusd 05-11-2007, I am asking Walter if he would classify the formation as a correct setup; I am contemplating that if the setup is not "textbook perfect", chances are that the signal is not going to be perfect as well, and it is likely that the trade payoff will be meager (even for a scalp!). What do you think?

	Quote:	Blu-Ray
	Thats why I wouldn't mind coding this up and testing it myself if possible.

Good idea, Blu-Ray. Looking forward to your charts and commentary.

cheers.
Unicorn.

[Blu-Ray]

Thanks Unicorn, I'll hopefully get those coded up today and go from there.

Cheers

Blu-Ray

[walterw]

	Quote:	unicorn
	Good day Walter; How do you classify this eurusd formation? What is your entry? On 5min it looks somewhat better than on 220T cheers. Unicorn.

Hi Unicorn... a good day for you also ¡¡


formation there looks like a classic vmar icon, whenever you cross the magenta line and go out of the rainbow on first intention, followed by a contained pullback its a centrifugal iconic action...

about late timing with cyan line it may happen.... notice if you use red area exit, trade would still be working... cheers Walter.

[unicorn]

	Quote:	walterw
	about late timing with cyan line it may happen....

Well Walter, I figured to use the yellow line vma(2,3,3). What do you think??

	Quote:	walterw
	notice if you use red area exit, trade would still be working... cheers Walter.

Yes indeed. Thank you for bringing this up.
The profit would be approximately 5 pips more, BUT you would have to be in the trade 30 minutes more and withstand a 12 pip range chop.
I know I would find that very tough; and I would probably exit the trade sooner on account of the trade not moving in my direction after x bars. : frustrated:

I will have to find a better exit.

cheers.
Unicorn.

[walterw]

	Quote:	unicorn
	I figured to use the yellow line vma(2,3,3). .

Can you tell me exactly for what input each number stands for ? and are cyan and yellow lines same indi but diferent inputs ?....


For exits did you consider the new yellow and cyan crossover...

good work Unicorn ¡¡ cheers Walter.

[unicorn]

	Quote:	walterw
	Can you tell me exactly for what input each number stands for ?

yellow fast_vma( ema_periods=2, adx_periods=3, stoch_periods=3)
cyan signal_vma( ema_periods=3, adx_periods=5, stoch_periods=5)
red rainbow base_vma( ema_periods=5, adx_periods=5, stoch_periods=5)

	Quote:	walterw
	and are cyan and yellow lines same indi but different inputs ?....

basically yes; with a slight difference:
the last computation of signal_vma is sma(vidya, periods=2) (cyan)
the last computation of fast_vma is dema(vidya, periods=3) (yellow)

	Quote:	walterw
	For exits did you consider the new yellow and cyan crossover...

yes, but I have not spent enough time at examples yet.
Walter see attached chart. What do you think??

Buenas noches.

Unicorn.

[walterw]

[quote=unicorn;24117]
Walter see attached chart. What do you think??

QUOTE]


Chart looks like a Babe ¡¡

thanks for info Unicorn... cheers Walter.

[MC]

Bump...sorry gang. I deleted the thread by accident.

[walterw]