It's not really that hard to devise a logic behind this. What the program does is simply checking a few bars behind and adding checkmarks to various properties for each bar. Is it small enough (as a percentage of the ATR) ? Does it close above or ...

CHOROS System

It just spotted a constrainment in USDJPY.

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The indi spotted this constrainment in EURCHF today but with a low score due to some experimentation with the settings I've been having. Lots of infrastructure work since Friday. I'm not adding any more evaluation criteria (not that I can think of ...

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And another one, a little ago but would still be active: 2011.07.25 10:50:15 GBPUSD MA Touch SC:65>SELL 0.8L @1.6286 TP=1.6269 SL=1.6303 It looks like 70 would be a good level after the weekend changes, so I'll only be posting if anything over 70 ...

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Another: 2011.07.25 10:34:44 USDCHF MA Touch SC:100>SELL 1.4L @0.8075 TP=0.8066 SL=0.8083

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Nope, that would be a loss. It was going ok until London opened. I'd have to code something that prevents trades from being active at London open.

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The indi just gave this, but I don't know yet how good a score 65 is for today 2011.07.25 09:48:14 GBPUSD MA Touch SC:65>BUY 0.8L @1.6306 TP=1.6323 SL=1.6289

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There is ? Ok, I'll decide at a later time on the name, based on how well it dances. I could call it Pentozali... or Sousta...

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In the far future plans there is some kind of adaptive logic: If the EA takes a trade based on several signals and it fails, it would substract a point from the reliability of all these signals. The opposite in successful trades. The relevant weight ...

CHOROS System

Thanks Haydel, actually it's already an EA, ie you can load it as an EA as well if you compile it without the "#property indicator_chart_window" directive. The only difference is that I haven't yet added buy and sell orders, so it just generates ...

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The touches off MAs are now evaluated according to: 1) The period of the MA. Larger periods are stronger 2) The slope of the MA. 3) The number of bars it takes for a touch 4) The size of the retracement (too big or too small weaken the signal) 5) ...

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Actually it follows the sentiment of the markets. Sometimes it will stay quiet and othertimes it will give 5 signals in a minute. When the market moves it moves. Many currencies generate signals at the same time. But this being the test phase I ...

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Overall a good day for the monster. I didn't count because it's far from ready yet, but it was probably at about 10 wins and 2-3 losses. Some heavy work to be done on the weekend, I'll be adding the code to evaluate signals from confluences. In some ...

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Just hit the take profit. Not bad for a Friday and at an hour that is dead for both currencies. This is hovering a couple of pips below the stop loss but it still fighting the good fight after 4 hours

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2011.07.22 19:26:14 gbpjpy: Sc75>buy@ 127.8750>pe10>ma10>bt10>rt10*128.0160>no10>sz5>tr0>rs10>sp0>rc0>cw0>pt0>bl10>lv-10

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The trend calculation is also complicated in this indicator. Currently I'm using the slopes of the 100EMA 15M, the 50EMA 15M and 10EMA15, each with a relevant weight of 20%, 60% and 20% respectively. I also use their absolute values so that a pair ...

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The "sz-10" above was a 10 point reduction from the score of the trade because the candle that touched the 10EMA was too big.

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2011.07.22 16:58:17 nzdusd: Sc65>sell@ 0.8639>pe10>ma10>bt10>rt10*1>no10>sz-10>tr5>rs10>sp0>rc0>cw0>pt0>bl10>lv-10 ETA: It doesn't usually give that many signals, it was quiet for most of the morning. Looks like it may lose this one though

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It just hit it. This is a trade that I would probably not take by myself, because it was an one-bar retracement and also after a very recent touch of the 10EMA. By the way, the indicator saw this one as a first touch, because as you can see the ...

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Yes. This one has reached a pip from the take profit and it looks like it can hit it:

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