Dear KptMisiu

Thanks for posting.
You are right..it was a no signal.

If you want to do something interesting,while you practice the noble art of patience..do the following...go to strategy tester,gbpusd1h,put it in visual mode,open any standard expert,play,pause,open Chandelier,play again regulating the speed,around 30 is ok...and just imagine that you are trading only on the Chand..tell me what you think..do the same for 30m ,4h,1d..do the same for USDCHF and USDJPY..you will learn a lot.

If any member can create and post a simple(I presume ) EA based on the Chandelier rules,standard settings, all of us will learn a lot by extensively testing it .

Regards
Simba

Hi Gablehouse,

Heisenberg`s uncertainty principle applied to the currency markets as food for thought can produce an indigestion..

If you want to change like the wind,fly like a butterfly,sting like a bee...

..Don't get set into one form, adapt it and build your own, and let it grow, be like water. Empty your mind, be formless, shapeless — like water. If You put water into a bottle it becomes the bottle. You put it in a teapot it becomes the teapot. Now, water can flow or it can crash. Be like water, my friend..

I am glad I got you wrong..and I have to go and start reading my junk email too

Kindest Regards
Simba

Hi everybody,

For those of you that are getting bored with the lack of signals during these days...You can go down to 1M timeframe and apply the same rules..just don`t do it in front of news

Please see pic
Simba

Attached Images

oneminute.gif (14.9 KB, 531 views)

Hi Simba, hi all,

I did this analysis, like You adviced and I saw a lot false signals filtered by chandelier so I decided to make an analysis of chandelier on different timeframes.

I took gbp/usd 30min and put 30min, 1h and 4h chandeliers on it to see why You chose 1h chandelier and why not other timeframe.

In my attached picture you can see on point 1 a begining of a consolidation(here I call it like this) with 4h chandelier and at point 4 the end. You would have been lost some pip in this time while on other timeframes you would be gained some.
At point 3 60min chandelier ends and at 4 an "uptrend" begins(long uptrend). At this time the 4H chandelier did not yet change the side and we lose some area(pips).
If you analyse the 60min chandelier with the little bit faster 30min chandelier you will see much "noisy" signals by 30min chandelier.

I think, now I understand, why Simba took the 60 min chandelier.

I attach the indicators I used. Maybe you guys can make other experience with it.

Regards
KptMisiu

Attached Images

chandelieranalysis.gif (25.8 KB, 461 views)

Attached Files

	_MFT_ChandelierStops_30min.mq4 (1.3 KB, 126 views)
	_MFT_ChandelierStops_60min.mq4 (1.3 KB, 123 views)
	_MFT_ChandelierStops_4H.mq4 (1.3 KB, 124 views)

Hi KptMisiu,

Congratulations for your excellent post,and thanks for Zathar indicator`s modifications..now,when you have time..you can test a new additional strategy..

ADDITIONAL STRATEGY:Basically you are trying to improve the 1h entry on The Chandelier change(which,as you have checked by yourself,is not bad)

SET UP:Change in 1h Chandelier..forget,for the moment, the xpMASatl4h..
It will come back soon..I promise

Entry:%R same rules as Simbabasic..but on 1M

Exit 1:Stop.. the Chandelier,with its related 1h rules,as per simbabasic system

Exit 2:Take Profit1..at 30/50 pips,or..Take Profit2 at 1.5 times the distance from entry to the Chandelier,or..Take Profit3 just ride the trend..tell me what you think is better and why.

Position Size:0.5 lots per each 10KUSD in demo account,so,leverage is approx 10 to 1.

If you-or anybody else-want to try this,you will learn a lot about the "tools" we are using..and I will keep posting several additional strategies for everybody to play with and tell me what they think about.

Regards
Simba

Simba,

I will try the new strategy and post my thoughts. Till now I think there is a problem with the distance from entry to the chandelier because of its different timeframes. The %williams range as an entry has an 1 min timeframe while chandelier uses 1h timeframe. You can see on the screenshot that the first two circles are deep to the stop while the third is a little bit far away from chandelier. Do we have to start thinking different?

I was trying to find how chandelier works/calculates, but I didn't find anything. I don't understand the code. Does anybody know where I can find instructions for chandelier?

Attached Images

1mchartchandelier60min.GIF (21.5 KB, 478 views)

Hi KptMisiu,

Do not trade 1M in front of news..remember..even if it would have worked perfectly for +100 pips..you are starting to get the right nuances to pick..the distance from the Chand,in this case,gave you additional information..to make a prudent decision..even if ,in this case,you could have made 100+ pips,systematically trading 1M %R in front of news is not a good idea..reward vs risk ratio implicit in your 2 first circles(and one of the TP optional strategies) are what we are looking for..keep looking..and post your comments..and thanks,my friend.

Simba

Hope this helps,


"The Chandelier Stop is a trailing stop that is based on the volatility of the market. The equations for the Chandelier Stop indicator are as follows:

If Long: CS=HH-Factor*EMA(Range, Length)
If Short: CS=LL+Factor*EMA(Range,Length)

Here, HH denotes the highest High since the indicator flipped from Short to Long, LL is the lowest Low since the indicator flipped from Long to Short, and EMA represents an exponential moving average. Values of Factor and Length are input by the user, with the default values set to 4 and 15, respectively. When used for long-term, trend-following systems, the best values for Factor in most markets range from 2.5 to 4.0, while the Length is usually set in the range from 10 to 20. You should conduct parametric studies on Factor and Length to find the best values of these parameters for the particular market or issue you are trading"

SO,BASICALLY..it takes the Highest high/Lower low since last change and takes from/adds 4 times the 15 periods ATR to calculate the Chand

Regards
Simba

Hello Simba,

I am totally perplexed!
Comparing xpMA_v2SATL to the latest version of xpMA(v9), the trend change location is different for the SATL signal.
Would like to use xpma(v9) cause it has some extra features which I like but the change trend direction could sometimes be off by 4 hrs.
Is there something that I am missing?
Below are some screen shots of this.

Thanks,
Ericbach

Attached Images

	xpma_v2satl.gif (49.9 KB, 354 views)
	xpma.gif (50.2 KB, 310 views)

I downloaded the indicators and template at start of this thread, when i opened up chart and put on template all I got was a normal plain chart with the Williams%R on the bottom. I then put on the 3 indicators that were in the start of this thread, all I get is two wavey moving averages, it must be the XPMAs, and the SATL moving average. I would like my charts the same as yours in the start of this thread, the ones with the jaggerdy blue and red line going across the price and the blue and red bar along the bottom etc.
Can someone who managed to get Simbas indicators working on the charts post their indicators with the template so I can try and again please?

Thank you.