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Simple Correlation Indicator System

  • #401
  • Oct 11, 2016 5:14pm Oct 11, 2016 5:14pm
Quoting golden-way
Hi , am sorry for not reading ur descriptions but chill out mate.. u have a great system \good job\ and im not trying to make a change in it ! just interesting in play with different tools and ideas , keep it up man
Sorry for taking the hard stance that I have, Golden-way...I mean no disrespect to you. I am very protective of the strategy and the countless hours and many $$$ spent on having the indicators coded the way I want them. I am just trying to keep this thread purely about testing the strategy and developing it in a controlled fashion. I see too many threads where everything has gotten off-track as people start introducing their own indicators and post their own modifications and this and that...it detracts from what I am trying to achieve.

The other reason is that I realise that there are members out there who are trading this live and I feel a responsibility to them to have a uniform level of understanding of the strategy to help build their knowledge and confidence using the system and the indicators. I don't want people blowing their accounts and losing focus by jumping from indicator to indicator, trying out newly modified versions as they surface from other members.

I am more than happy to listen to ideas and then incorporate them into an indicator update if I think they serve the overall strategy in a positive way. I am serious about building something here that is sustainable and profitable for those who are serious about staying the course.

So again, forgive me taking the hard stance that I have...but if you have some suggestions for what you would like to see changed, I would love to hear them.
Trade to Live - Don't Live to Trade
  • #402
  • Oct 11, 2016 5:34pm Oct 11, 2016 5:34pm
@ Kirkeaforex,
I want to thank you for sharing your system and the cool indicators. Your a very generous person, Thank you very much for the kindness.

regards
Live today like theres no tomorrow-- Prioritize like you will die today
  • #403
  • Oct 11, 2016 5:38pm Oct 11, 2016 5:38pm
Quoting iamsovereign
@ Kirkeaforex, I want to thank you for sharing your system and the cool indicators. Your a very generous person, Thank you very much for the kindness. regards
You are very welcome. Try them and see what you think and if you notice anything you would like to see changed in some way post a suggestion or PM me. All the best!
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  • #404
  • Oct 11, 2016 5:46pm Oct 11, 2016 5:46pm
To everyone reading this, I am announcing something very cool in the coming week or so, so stay tuned.

If you would like to be automatically notified about this or indeed anything else on this thread as things develop, please consider subscribing and you will be notified each time there is an update.

And again I encourage people who are using this strategy to post any results (preferably with screenshots so we can break it down), ask many questions and get involved.

Now that I am living a "sedentary" life here in Thailand I have the time to be more involved with this thread and assist people who are keen to be here.

To our success!

Kirk.
Trade to Live - Don't Live to Trade
  • #405
  • Oct 11, 2016 6:36pm Oct 11, 2016 6:36pm
Hello kirk
I know you are a scalper trading the M1 but could your indicators and strategy been used on larger time frame like daily?
Are there any contraindications?
Cheers.
Merka
  • #406
  • Oct 11, 2016 6:40pm Oct 11, 2016 6:40pm
Quoting Merka
Hello kirk I know you are a scalper trading the M1 but could your indicators and strategy been used on larger time frame like daily? Are there any contraindications? Cheers. Merka
 
Hey mate...the signals represent changes in volatility, as you would understand no doubt by now, so in my way of thinking they would apply on any TF. Obviously your SL would need to be a lot greater etc. But if you see a daily signal where all the indicators agree, especially after a period of consolidation, I would jump on it and ride it all the way to the bank.
Trade to Live - Don't Live to Trade
  • #407
  • Oct 11, 2016 6:43pm Oct 11, 2016 6:43pm
Quoting kirkleaforex
{quote} Â Hey mate...the signals represent changes in volatility, as you would understand no doubt by now, so in my way of thinking they would apply on any TF. Obviously your SL would need to be a lot greater etc. But if you see a daily signal where all the indicators agree, especially after a period of consolidation, I would jump on it and ride it all the way to the bank.
Thanks kirk for all.
Merka
  • #408
  • Oct 11, 2016 8:08pm Oct 11, 2016 8:08pm
Some reflections on the Winner indicator...

If you are in a trade, let's say a SELL, you will see the Winner indicator histogram heading down until it hits the overbought zone and eventually start climbing up again.

If you notice that the histogram climbs up sharply, but PRICE ACTION is going up only slightly or going sideways, then you can reasonably assume that the downward momentum is still there.

Understanding the nuances of each indicator and learning their behaviour might take time and patience, but it gives you more confidence in using them to inform your trading decisions.
Trade to Live - Don't Live to Trade
  • #409
  • Edited 5:59am Oct 12, 2016 4:26am | Edited 5:59am
OK, another indicator update...

The Strength Separation indicator. In its' form up until now there has been a slight bug in the logic, where the automatic exit signal (green cross) will fire off as soon as a currency line crosses the zero mid-line, regardless from which direction.

Now imagine a great crossover on EURUSD and the cross itself actually occurs ABOVE the mid-line...we get our signal, a nice big red tick above our candle.

Now, as the momentum builds and the separation of the lines widens, invariably the USD currency line will cross below the zero mid-point...and that's where the bug was.

This cross was causing an exit signal to appear on the screen, when the logic states we should continue in the trade because momentum is still increasing as the lines continue to separate. The code was stating that ANY cross of the zero-line should trigger an exit alert...my bad!

Anyway, this has been fixed now, and you can download the latest version below. It should clean up unnecessary clutter caused by unnecessary green crosses...

FYI I am planning a further update later tonight, where the indicator will only send out an alert when price is on the correct side of the Daily Open, i.e. if price is above Daily Open, only buy signals will be alerted, and vice-versa. This will also have the feature which filters out signals when price is within a 5 pip range of the Daily Open line.

This addition WILL be a user defined input, yes / no, just in case for whatever reason it doesn't work the way I imagine it should.

Hopefully this will be ready within the next 3-4 hours, but if not, enjoy this latest update anyway...
Attached File(s)
File Type: ex4 Strength Separation (89).ex4   54 KB | 767 downloads
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  • #410
  • Oct 12, 2016 6:39am Oct 12, 2016 6:39am
Live trade AUDUSD.

Have bought AUDUSD just now after a signal. All signals lined up, so let's see how it pans out.

See screenshot.

EDIT: DUH...FOMC in 15 minutes...note to self...spend less time on the thread, spend more time checking the calendar for news events...
Attached Image (click to enlarge)
Click to Enlarge Name: LIVE TRADE AUDUSD.PNG Size: 120 KB
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  • #411
  • Oct 13, 2016 1:54am Oct 13, 2016 1:54am
@kirkleaforex

I have a suggestion for SS indicator. Arrows are nice and big but for some traders it may be distracting and it is not clear to what candle it belongs. What if there was option to choose between arrow and colored bar? So instead of red/bearish arrow the candle would be colored (could be red as default). And similar for long signal and exit signal.
What do you think?
  • #412
  • Edited 7:20am Oct 13, 2016 2:13am | Edited 7:20am
Quoting renko4x
@kirkleaforex I have a suggestion for SS indicator. Arrows are nice and big but for some traders it may be distracting and it is not clear to what candle it belongs. What if there was option to choose between arrow and colored bar? So instead of red/bearish arrow the candle would be colored (could be red as default). And similar for long signal and exit signal. What do you think?
Hey there...I have been thinking about coloured bars for quite a few months to be honest. Particularly a coloured bar for different ranges of SDV...and as the SDV widens it is reflected in the candle colour. In terms of arrow size you can change that in the settings but when you change the TF to something else and back again it will revert back to what is already coded. I will make a version that has smaller candles for now and add your other idea to the pile for my coding guy. Cheers for the input. Allow me a short while for the arrow size change.
Trade to Live - Don't Live to Trade
  • #413
  • Oct 13, 2016 2:14am Oct 13, 2016 2:14am
Maybe instead of 'Nike sign' you could use proper arrow?
  • #414
  • Oct 13, 2016 2:15am Oct 13, 2016 2:15am
Quoting kirkleaforex
OK people, finally I have a moment to get back in touch with this whole thing and offer you what some of you have been PM'ing me for over the past few weeks. Please accept my apologies for not being here and providing regular updates...rest assured everything is up and running again and I am excited to be sharing with you not just the re-worked Correl8 indicator, but a great trading strategy which I think you will enjoy using. So without further ado, let's get into it! Firstly - the updated Correl8 indicator...I have renamed this the Strength Separation...

This is the best scalping strategy I have witnessed so far in the history of me being on FF. And let me tell you I have been on FF for nearly 8 yrs now.
I have seen countless strategies and systems on FF even the longest running threads do not provide the kind of success that this method provides. I am so thankful to you kirkleaforex you have been so generous in your offerings. Finally I have gained a little confidence in my forex skills.

I love you mate.
  • #415
  • Oct 13, 2016 2:21am Oct 13, 2016 2:21am
Quoting ravs_avs
{quote} This is the best scalping strategy I have witnessed so far in the history of me being on FF. And let me tell you I have been on FF for nearly 8 yrs now. I have seen countless strategies and systems on FF even the longest running threads do not provide the kind of success that this method provides. I am so thankful to you kirkleaforex you have been so generous in your offerings. Finally I have gained a little confidence in my forex skills. I love you mate.
...and you are from Australia as well lolz..mate I am from Perth, WA

Thanks again and many green pips to you..

Rav
  • #416
  • Oct 13, 2016 2:59am Oct 13, 2016 2:59am
Quoting ravs_avs
{quote} This is the best scalping strategy I have witnessed so far in the history of me being on FF. And let me tell you I have been on FF for nearly 8 yrs now. I have seen countless strategies and systems on FF even the longest running threads do not provide the kind of success that this method provides. I am so thankful to you kirkleaforex you have been so generous in your offerings. Finally I have gained a little confidence in my forex skills. I love you mate.
Wow...just...wow. Comments like that make all of this worth it. You are very welcome..green pips to you too.
Trade to Live - Don't Live to Trade
  • #417
  • Oct 13, 2016 3:17am Oct 13, 2016 3:17am
Hello thread, I would like to make an announcement.

I am about to start another thread over this coming weekend to discuss a newer, simpler, better strategy that has been in development for a short while.

It is based on what we already have going here, but there are some inherent differences, and as such I feel the best place for this is a new home.

Also, it puts an end to any confusion caused by me as I continually "tweak" and play with my own strategy...there must be people who are asking "why does this guy change things all he damn time?!"

The current strategy is about as good as it is going to get without further input from people who read the thread and are interested in its development. I work best when ideas are bouncing around.

I will of course remain available for people reading this thread, and answer any questions and provide support to those that ask for it. It is not a case of me moving on, simply "branching out". I still intend to trade this existing strategy with a new trade explorer, which I will set up over this coming weekend. That way the results can be viewed, broken down and analysed...they should speak for themselves.

Back to the new strategy however...it is simpler, cleaner, better. Results are incredible and it can easily be traded on any currency pair, not just the majors.

The Strategy Outline is written up, the indicators and template file are ready to be zipped up...I just need to set up the new thread...which is booked in for this weekend.

Please note however, the only files I will be posting for download are the .ex4. This time however it is because I simply don't have access to the mq4 files for some of the indicators.

I will post the necessary link to the new thread here when all is ready. I promise you though, based on early indications and results, this is an exciting development that I cannot wait to share.
Trade to Live - Don't Live to Trade
  • #418
  • Oct 13, 2016 3:32am Oct 13, 2016 3:32am
Hello Kirkleaforex I have only just found your thread and I am looking forward to your new one.

Thank you for what you have already posted plus what you are about to.
  • #419
  • Edited 3:49am Oct 13, 2016 3:38am | Edited 3:49am
Thanks Kirkle, im gonna test it right away! Small thing, it looks like new SS is painting more than necessary amount of arrows (confirming the settings of indi will delete the unnecessary ones), but i will test more and i also didnt have the newest version of it on my chart. I will try to optimize it for the beast, which is lately GPBUSD (by far the best major to scalp). I got used to QQE (in fact, mladen did an amazing QQE update lately with incredible amount of settings) but it looks like winner is better for filtering out false trades.

Also if possible, could you add that we can set our own code for arrows in SS? I prefer simple arrows. Another (but more complicated) thing could be working on signal confluence on different timeframes (1/5M), so that using just one indi could show arrows from different TFs (multi TF thing is already built in the indi).

Thanks again for update!
  • #420
  • Oct 13, 2016 3:43am Oct 13, 2016 3:43am
Quoting kirkleaforex
Hello thread, I would like to make an announcement. I am about to start another thread over this coming weekend to discuss a newer, simpler, better strategy that has been in development for a short while. It is based on what we already have going here, but there are some inherent differences, and as such I feel the best place for this is a new home. Also, it puts an end to any confusion caused by me as I continually "tweak" and play with my own strategy...there must be people who are asking "why does this guy change things all he damn time?!" The...
Hi Kirklea, thanks for your hard effort and willingness to share and help to others. There are only very few people like you in this f..ing forex industry. Hat off and green pips to you.
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