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Con Man Philosophy
Hi everybody,
What is the philosophy behind my Con Man indicator? Well ,basically the same philosophy that a professional black jack player uses when counting the remaining High/Low cards before deciding about betting and size of bet...WE WANT TO STACK THE PROBABILITIES IN OUR FAVOUR. How? A pro bjack player knows,by counting,the approx probability of a high card coming.. We will know,by using my indicator ,the approx probability of an uptrend/downtrend coming. I do not believe in prediction,I basically just trade the slope of the 4H SATL(WITH SEVERAL VARIATIONS),which is how I define a trend..but I have found that having a predictive indicator,that gives me the "stacking of the deck"/probability of up/downtrend..with approx 85% accuracy,helps me in refining my position size and take profit strategies for a particular period. So,if my predictive Con Man indicator tells me that we are in a potential downtrend..and the slope of the SATL is up..I will be long,but my position size will be aprox half the normal one,and I will go for 30/50 pips fast profits,avoiding keeping an open position overnight. Conversely if Con Man tells me downtrend,and SATL slope is down,I will double my usual position,Take profit 50 pips on only half a position,adding new positions as soon as feasible,with the aim of riding a downtrend in size. The Simba Con Man indicator is an "INVERTED COMPOSITE CYCLE" indicator on the daily timeframe that tells me with approx 85%probability if we can expect to be in a down/uptrend during the next month or 2. INVERTED CYCLE means that when the indicator slope goes up,prices-probably-go down and viceversa. COMPOSITE means that the indicator is composed of several cycles I used several programs to discover,add and refine the Cycles:Cycletrends,Mesa,Digital filter generator. I based my job on the teachings of JM HURST and JOHN EHLERS This is the only indicator that I created entirely on my own,without "legoing" the work of others...to create it in MT4 version I used the digital filter generator,posted(thanks again) by Newdigital. All the cycles included in the composite have extremely high Bartels(90+),so,the probabilty of them being "fake" cycles is minimal. Take a look at the pics,they cover the past 3.5 years..if you like them,I will post the .ex4 for you to use |
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ssotiro
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Hi, If the slope of the conman has just changed from up to down,AND UNTIL IT GOES TO UP AGAIN,you can expect a daily uptrend with 85% probability.Of course during this expected daily uptrend,you can have minor and intermediate corrections,so,you trade your usual methods,but with a positive bias for long entries. As an example,see my previous pics,now we are in an expected downtrend for GBPUSD,so,the buy signals that I receive from any of my systems,I take with a grain of salt..and I go very strongly for it,when I receive any sell signal. Regards Simba |
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Tragapips
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Regarding Fourier: 1-There is some of the ANG indicators which is basically a Fast Fourier transform applied to price,If I can find it in one of my computers I will post here for you. 2-I do not think Fourier is very useful for live trading..Due to the fact that Fourier constantly self evaluates,the Fourier transforms for any moment in time can be subsequently changed. It is not that it repaints,it is that the nature of Fourier transforms is repainting ![]() Regarding Cyles: 1-If you have not already done so,buy/download/whatever JMHURST "The profit magic of stock transaction timing"..in spite of the title this book is the bible of anybody that wants to apply cycles to any market..I started making money the moment I understood it. Hurst wrote it in 1973,and believe me,33 years later you can make a ton of money by just understanding its principles and applying them to any market. 2-Download the digital filter generator(posted by newdigital somewhere in this Forum,just do a search).There are 2 versions,English and Russian,choose the one that suits you and play with it for your favorite currency pairs and timeframes..enjoy the results 3-If you are able to apply what Hurst teaches for moving averages using digital filters instead of smas..well someday you will post your own Tragapips con man ![]() Regards Simba |
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steelcitypips
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![]() Simba |
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Thank you very much for the info. |
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| Posted By | For | Type | Date |
| Szukam lektury dotyczącej... | This thread | Refback | 06-24-2007 10:26 AM |
| Szukam lektury dotyczącej... | This thread | Refback | 06-23-2007 09:29 AM |
| Szukam lektury dotyczącej... | This thread | Refback | 06-23-2007 09:28 AM |