"Golden Arches" Project

Here is the CR's for the EUR/GBP...

 

As you look at those charts...there is power in looking at FOUR confirmations...(you are missing one of the confirmations)...but the price is so far off into the depths...I did not bother to consider a short and search the 4 hour, 60M...30M...15M...arch formations.

but please understand that the characteristics illustrated, as you look at those arches on those 28 charts, is deceptive....it is like the Zig-Zag indicator...adjusting as the far right edge advances...

so do not get excited...

I will teach you how to trade this and demonstrate it live...(I apologize for not trading live publically immediatly, but I have a complex transaction and I am testing something else within this system, while I am waiting and I want to make sure about something, before I trade it publically. I will say that using leverage...does actually separate some traders from the others and is quite challenging. I am not accustomed to trading with leverage over 10:1. I am trading live as I post...and you can see that in the screenshots, but I am not commenting on those positions, so please do not ask)

ElectricSavant™

 

I see this is a continuation from the Raiders of the Lost Arch. I have been away for a while. Have you yet, discovered how to work FXCM and amibroker. You know I almost landed a internship at the FXCM (Euro zone hours 12pm-8am). Great stuff like always keep it coming.

PS I see that the arches have got little bit sharper on the turns. (axis). Or is it just me????

 

Ahh, finally! Renamed my search to DeMarker instead of DeMark and got the description in the most obvious of places!

Good description of the indicator can be found here since it is copyrighted:
http://www.metaquotes.net/techanalysis/indicators/demarker

And of course here is the wealthscript Indicator code (use the indicator wizard to make sure it shows up in the drag and drop indicator tab):


///////////////////////
function DeMarkerSeries( HighSeries: Integer; LowSeries: Integer; Period: Integer ): integer;
begin
var Bar: integer;
var sName: string;
var Value: float;
var DeMaxSeries, DeMinSeries, DeMSeries: integer;
var SMADeMaxSeries, SMADeMinSeries: integer;

sName := 'DeMarker(' + GetDescription( HighSeries ) + ',' + GetDescription( LowSeries ) + ',' + IntToStr( Period ) + ')';
Result := FindNamedSeries( sName );
if Result >= 0 then
Exit;
Result := CreateNamedSeries( sName );

//Calculate DeMaxSeries and DeMinSeries first
DeMaxSeries := CreateSeries;
DeMinSeries := CreateSeries;
for Bar := 1 to BarCount() - 1 do begin
//If today's high is greater than yesterday's then log the difference
//otherwise assign 0
if @HighSeries[Bar] > @HighSeries[Bar-1] then begin
@DeMaxSeries[Bar] := @HighSeries[Bar] - @HighSeries[Bar-1];
end
else begin
@DeMaxSeries[Bar] := 0;
end;
//If today's low is less than yesterday's low, then log the difference (absolute),
//otherwise assign = 0
if @LowSeries[Bar] < @LowSeries[Bar-1] then begin
@DeMinSeries[Bar] := @LowSeries[Bar-1] - @LowSeries[Bar];
end
else begin
@DeMinSeries[Bar] := 0;
end;
end;

//Calculate DeMarker second
DeMSeries := CreateSeries;
SMADeMaxSeries := CreateSeries;
SMADeMinSeries := CreateSeries;

//smooth SMADeMaxSeries by Period
SMADeMaxSeries := SMASeries(DeMaxSeries,Period);
//smooth SMADeMinSeries by Period
SMADeMinSeries := SMASeries(DeMinSeries,Period);
//get ratio of max ( max / (max + min))
DeMSeries := divideseries(SMADeMaxSeries,(AddSeries(SMADeMaxSeries,SMADeMinSeries)));

//assign results to indicator
for Bar := Period to BarCount() - 1 do begin
Value := @DeMSeries[Bar];
SetSeriesValue( Bar, Result, Value );
end;

end;

function DeMarker( Bar: integer; HighSeries: Integer; LowSeries: Integer; Period: Integer ): float;
begin
Result := GetSeriesValue( Bar, DeMarkerSeries( HighSeries, LowSeries, Period ) );
end;
///////////////////////






Attached is a pic of the indicator on AAPL 5 min.

ES, can you confirm this is the same interpretation of the indicator that you are using.
If anyone finds a mistake or oversight in this source please let me know.

Now Still waiting for info from anyone on the CR indicator, anyone?

thx

 

The WL source has been posted on the WL site so just download it.

thx

 

Folks,

I got to tell you...You can simply enter ANY pair signaling, using these published rules and ignore the correlation rule....but if you get real heavy in one currency, you can discretionarily not take the signal. If your conservative, then follow the rule and do not duplicate a currency in your basket.

I do not want anybody to lose respect for me, but I have made another 5% today...This is not bragging, as I know I can lose it all too! To date after 5 days of "heavy leverage trading", I am up 16.07% and currently at a minus 93 buck paltry drawdown on a 5500 buck balance, with 5 positions open, with 13 minis...

Now if I can continue to do this for 6 months consistently, then I actually can imagine reaching my goal of 10 million in 10 years for Wifey and I to retire on. But this cannot last for ten years can it? I better start working on other systems to have an ace-in-the hole. I have so many ideas that my personal three-ring binder is overflowing with speedily hand-written notes on conceptual ideas, written on the fly, before they are forgotten...I read some of them and have no idea, what I was saying...

Now, It's time to give thanks. I want to Thank all of you for reading & contributing. Most of all, I would like to thank ET for providing the "blackboard" for research and study.

Michael B.

P.S. fifo thanks for the work you are doing. fifo I cannot tell from your code if there is a dot or a semicolan missing, or a function missing. If you have time, see if the wiggly line from WL moves identically to the MT4 wiggly line in it's DeMarker...skibumm has done extensive work with AmiBroker and has managed to code the CR....with quadratic equations...Why don't you PM him...

 

Here is a screenshot..there is around 150 bucks drawdown now...I am just using 2*ATR as published....these limit orders can be refined amd accelerated...

 

Now let me warn you. This has happened several times before. There is going to be a lot of talk around the net about this method, and there will be folks plaguerizing.

but ETer's you know the truth...we wrote it...we traded it...we published it...FIRST

Now, there will be attempts to stifle this and I am in hopes that all will stand. I apologize for the earlier problems in getting this information published and the deletion of a lot of valuable work...But I have it all up in my head and it is now recorded in Journals. The time now comes to trade....trade....trade....and learn...learn...learn...through forward testing and publishing live, substantial dollars...(lol...the planned 14k is a speck of sand on the beach of Forex)

Michael B.

 

I just heard two magical "clicking sounds" from FXCM's platform with GBP/USD & CHF/JPY limits getting hit...another 59 bucks bagged...

Note: Later on in this thread, I moved the publishing of the test trades to Oanda and when the live journal gets started, I plan on remaining there. I have always advokated that you maintain accounts at at least two dealers in the Wild West of Forex. Be careful as you never know when another Refco can happen.

 

I used to love that sound too. While looking at your desktop. I couldn't seem to see the Demarker indicator? do you have that running on another computer? or are you only using the ATR now?