I do not know...I am not familiar with the 5th element...

Perhaps someone reading this thread can share...

ES

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I've been reading the thread and the first clue I got was the martingale progression via levels. And since this EA doesn't trade based on any rules for the entry it seems to be very very similar to the Bless 5th Element or the V1V2 EA's that were very popular around the forum about half a year ago. Unfortunately a lot of people blew up their accounts using this EA back in June/July when the market hiccuped..

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hiccups are good!!!!

I talk to you kids with tears in my eyes...

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Let me try it this way...

There is a narrow band of trades...if the price ventures outside the bands before the progression advances itself to the max...you are ok...(if the price trades between the spread triggering too many trades you are screwed)

The wider the spread the less amount of trades that get triggered and the larger the trend or the micro-trend needed.

ES

P.S. If you breach a band you better hope it keeps going or you progress another notch to doomsday (read this carefully as this is what this EA is all about).

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What do I look at with this EA? I glance at the charts throughout the day here in my home office, while working my full time job...its rather easy as everything is on automatic...even my numerous posts here hehe

Anyways...

I am looking at the trade count! Thats all I care about (upper left corner)

ES

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Ok here is the plan...

Take 1K put it in six IBFX accounts..(I have six live accts.) 6K = total invested.

///at the London open and the US open....turn on the EA's to get an immediate entry (turnautorestart "true") after entry turn off the automatic restart of the EA (turn autorestart "false"). The Ea wll now continue to mangae the trade and will not reenter automatically. Collect you money and glance at your charts to conform that you are falt and you are done until the next open....or your next discretionary trigger... rinse and repeat...Do not overtrade as each nanosecond in the market introduces risk.

Thats 12 bucks a day...chump change...but it would work! Put two charts in each platform and that would be 24 bucks/day!

What do you think? comments?

Use different platforms in case of a platform failure...I have three puters' and four 19" monitors.

ES

P.S. Here is the problem for me...it is greed....I will want to cherry pick more often than just the opens...I will be looking at the charts and trying to guess when the volatility will come....and I will blow one of the accounts one day. I need rules...or some way to rank the probability for future volatility to tell me how many platforms to put into play ...some sort of ranking perhaps...This ranking needs to be perfect....all I need to do is to predict when volatility is coming....events like news would work well...and the opens would work well...what else works?...hmmm....

P.P.S. I put a 5 period ATR with a 0.0009 level (horizontal line) set in its inputs. I like to watch breaches of that, to signal when to turn on BlackBird. This is just a theory and I have not tested it. Soo..If its not the slow Asian session and there is an ATR breach...this could be an opportunity to turn BalckBird on...I really do not know....you could look at Stochastic fast line breaches too of 80/20 (actually the correct use of the Stochastics indicator would be to use it the BlackBird way...if you know your TA and what Stochastics does)!

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I think cuda is missing the boat here...

Think about it...

We are looking to cherry pick volatility...It is all about WHEN to turn Blackbird on. LAGGING indicators is JUST what we need! to give us an easy heads up view/summary on upcoming volatility. All that indicators can do is to repackage OHLC in a way that we can quickly see price in a historical summary suited to your trading method.

ES

P.S. Put on the Stochastics and the 5 period ATR on the M5 and look at the charts....scrole back and look!.....can you predict volatility when there are breaches in both of those indicators with the settings as explained in the above post? Forget about direction...use two charts and go long and short! Volatility kiddo's...this is what you need. and remember you must share! and you can not make that many mistakes with BlackBird...even though it is forgiving and you might accidentally find volatility zones when you are wrong...but be careful. Have fun gambling and good gambling to you.

P.P.S. Why can't the agreement of the breaches of these two indicators be programmed into "SmartAutoRestart" to give this EA improved drawdown? Maybe David or Ron or Bluto might give cuda some coding help here for a great EA?

P.P.P.S. Again...this EA needs to be toggled on and off with some discretion...this is not a fully automatic system Yet!

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Here is a screenshot of a volatility indicator...does anybody use this software?

ES


DashBoard FX Screenshots

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I found an indicator named normalized ATR...do a search in tsd to find it...when using it's default settings it seems encouraging when a 90 level is breached...

ES

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ok the 2k test blew up and now I am testing the 5K demo model with cherry picking "normalized ATR entries". I am using multiple instances of the EUR/USD in the one platform (up to six charts) for test purposes with different magic numbers.

I have the "normalized ATR indicator" with its default settings on the M5, in another demo platform on another computer, as it is printing a comment line on each tick to the experts tab (I do not know if this was inteneded or a bug that could be commented out). With this exessive printing to the experts tab of MT4, I want the indicator on a separate chart and computer as to not interfere with BlackBird's trade executions.

Wish me luck...

ES

I will post the results here when I can...the time is when I post and not the time the trade was executed.

12/26/07 5:02 (mst) NAV (includes Float)= $5,004.89 Trade count seen: N/A
12/26/07 9:02 (mst) NAV (includes Float)= $5,007.01 Trade count seen: 4, Charts Opened:Flat
12/27/07 5:13 (mst) NAV (includes Float)= $5,012.02 Trade count seen: 10, Charts Opened:Flat

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