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Swingman, very nice signal indicator for synergy. Can you add page alerts to this when a buy or sell signal occurs (when ever the dots occur) ? The page alerts I use only look at HA_Close crossing the PAC. thanks
Attached is the final version of my EA (and supporting files), along with instructions. This EA has made me so much money over the last few months, that I no longer have time to support it, what with then flying lessons, the travel, the women and fast cars... *
The last revision was announced in post #492. Post #524 directed you here; so below is an outline of the latest changes:
Although it appears there is not a lot of action left on this thread, I am posting my final version of my Synergy EA. Frankly, I have never really found settings that prove profitable on trading this, although I have certainly not tested all the permutations by far. Thus I am moving on to other projects. But there were a few final changes, and therefore I wanted to post one more package.
The greatest change was purely internal: I cleaned up the code, making it smaller and more efficient. But this should not affect its functioning.
The functional changes / features that were added are as follows:
1) Additional trailing stop types have been added. These were not done specifically for Synergy; they were merely additions to my standard trailing stop code, and I thus thought I would enable them within Synergy as well, so you will see additional trail options in the inputs. Among them are the ability to trail using Parabolic, a given Moving Average line, or Price Channel Stop (the only non-standard indicator; this one is similar in behaviour to parabolic. The indicator is included in the package). These new types are explained more in the instructions document.
2) The definition of what constitutes a higher timeframe trend has changed, based on some feedback from a member here who thought it would help. The "TrendHTF_Minutes" setting should still be set to zero if you do NOT want to use higher TF trend confirmation, and to the minute value of the higher TF if you do (so 60 for hour, 1440 for daily, 10080 for weekly, etc). But there is also a new setting called "HA_CandlesAbovePAC". This should be set to the minimum number of candles (on that upper TF) that you want to require to establish a trend on that upper TF. To establish a long trend, the HA candles on that TF need to be the same colour, with "HA_CandlesAbovePAC" of them in a row closing above the PAC (on that higher TF). Reverse for short of course.
I believe that is all the changes, or at least all the significant ones. Please read over the instruction manual for detailed info.
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Also... I have had feedback from two or three users telling me they are having the best luck with the 4 hours charts. Coenraad offered me a .set file, which has been included in the package if you'd like to try it. It is called "Synergy_H4_eu-gj-gu-uj-uc.set" because he recommended using it with those 5 pairs. Thanks to Coenraad for sharing.
As usual, the system is posted on post #65. I see Chris had also put the system on post #1, so perhaps he will do that again.
Good luck to all, I hope my little donation can make some of your some pippage!
* Okay, that's not true... April fools!
ORIGINAL POST #65:
Good day all:
Someone on another group just posted a link here, informing me about this discussion already in progress on the synergy system.
I created an indicator for this last week, and have been looking for ways to improve the system (with additional rules or indicators), to try to cut down some of the bad trades.
I see there is already an indicator posted... but mine is a bit different, so some might want to check it out. First off, I have programmed it not to paint redundant entry or exit signals, and second, I have it posting how many pips it would have made/lost on each trade, as well as a 2 letter abbreviation for why it exited the trade.
Take a look; hopefully I can get some good input here and improve it. It may already be profitable, but I would like to get rid of more of the losing signals, and then I will make an EA as well.
Disturbing was the post about TDI repainting. I'm not sure if that will invalidate the system. Also, interested in the TDI posted with the extra dotted line. Can anyone recommend rules for it's use to increase profitability of trades?
Last edited by DerkWehler; 04-01-2008 at 11:50 AM.
Reason: UPDATE!!
Derk, I have been using this for a couple months. This is what I found works best:
1. Trade at the beginning of the London or US session.
2. Place trade on the 15min chart going in the same trend as the 4hr chart.
3. Set stop to breakeven after 15-25 pips depending on currency.
4. Then trade off of the 1hr chart placing stop after each hour at the heiken ashi low (long position) or high (short position).
I have not used the rule about > 50 RSI or < 50 RSI if the currency takes off in the same direction as the 4 hr chart at the beginning of the London or US session. Usually once it takes off it goes for several hours or at least to breakeven. thx mike
Derk, I have been using this for a couple months. This is what I found works best:
1. Trade at the beginning of the London or US session.
2. Place trade on the 15min chart going in the same trend as the 4hr chart.
3. Set stop to breakeven after 15-25 pips depending on currency.
4. Then trade off of the 1hr chart placing stop after each hour at the heiken ashi low (long position) or high (short position).
I have not used the rule about > 50 RSI or < 50 RSI if the currency takes off in the same direction as the 4 hr chart at the beginning of the London or US session. Usually once it takes off it goes for several hours or at least to breakeven. thx mike
Derk, I typically make 3-4 per week. I have had some good trades at ~100pips profit, but usually around 30-40. The best time is usually the London session. If you go back and look at the 15min chart, you can see several times a week it will breakout nice right at session open going with the 4hr trend. I have been trading the EUR/JPY mainly. thx
thank you for your effort in constructing the indicators.
Recently I talked with CompassFX about the indicators which will be presented when you're visiting the advanced workshop. Since I live in Germany and no workshops are planned in the EU, I asked for the advanced indicator without take part in that workshop. But it is not possible to buy it.
Please have a look at the attached picture. You can see that the advanced indicator consists of an audible alert and an arrow in the trade direction. The arrow will come up with every single candle as long as the trade is active. Once an exit rule is applicable, no arrows will be painted.
I'd like to list up the rules again:
Entry-Rules for LONG positions:
1. haClose > upper PAC moving average AND
2. PAC moving average trending up AND
3. TDI: RSI (green line) > 50 and TSL (red line) and MBL (yellow line) AND
4. TDI: RSI (green line) < 68
Exit-Rules for LONG positions:
1. Positive bar is much shorter than the previous bar or changes to a negative bar at close OR
2. Bar closes inside the channel OR
3. TDI: RSI (green line) crosses back below the RSL (red line) AND
4. TDI: RSI > 68 AND
5. TDI: RSI crosses back below the upper volatility band to the upside.
Entry-Rules for SHORT positions:
1. haClose < lower PAC moving average AND
2. PAC moving average trending down AND
3. TDI: RSI (green line) < 50 and TSL (red line) and MBL (yellow line) AND
4. TDI: RSI (green line) > 32
Exit-Rules for SHORT positions:
1. Negative bar is much shorter than the previous bar or changes to a positive bar at close OR
2. Bar closes inside the channel OR
3. TDI: RSI (green line) crosses back above the RSL (red line) AND
4. TDI: RSI < 32 AND
5. TDI: RSI crosses back above the lower volatility band to the upside.
Derk, are you able to reconstruct such an indicator? Unfortunately I do not have any knowledge in programming indicators for metatrader ...
thank you for your effort in constructing the indicators.
Recently I talked with CompassFX about the indicators which will be presented when you're visiting the advanced workshop. Since I live in Germany and no workshops are planned in the EU, I asked for the advanced indicator without take part in that workshop. But it is not possible to buy it.
Please have a look at the attached picture. You can see that the advanced indicator consists of an audible alert and an arrow in the trade direction. The arrow will come up with every single candle as long as the trade is active. Once an exit rule is applicable, no arrows will be painted.
I'd like to list up the rules again:
Entry-Rules for LONG positions:
1. haClose > upper PAC moving average AND
2. PAC moving average trending up AND
3. TDI: RSI (green line) > 50 and TSL (red line) and MBL (yellow line) AND
3a. TSL (red line) is heading up AND
4. TDI: RSI (green line) < 68
Exit-Rules for LONG positions:
1. Positive bar is much shorter than the previous bar or changes to a negative bar at close OR
2. Bar closes inside the channel OR
3. TDI: RSI (green line) crosses back below the RSL (red line) AND
4. TDI: RSI > 68 AND
5. TDI: RSI crosses back below the upper volatility band to the upside.
Entry-Rules for SHORT positions:
1. haClose < lower PAC moving average AND
2. PAC moving average trending down AND
3. TDI: RSI (green line) < 50 and TSL (red line) and MBL (yellow line) AND
3a. TSL (red line) is heading down AND
4. TDI: RSI (green line) > 32
Exit-Rules for SHORT positions:
1. Negative bar is much shorter than the previous bar or changes to a positive bar at close OR
2. Bar closes inside the channel OR
3. TDI: RSI (green line) crosses back above the RSL (red line) AND
4. TDI: RSI < 32 AND
5. TDI: RSI crosses back above the lower volatility band to the upside.
Derk, are you able to reconstruct such an indicator? Unfortunately I do not have any knowledge in programming indicators for metatrader ...
These are the rules from the .pdf document... The indicator I posted already does this, EXCEPT:
The lines in red I don't recall reading; my indicator does not do these.
The lines in green are something I added because it helped a lot.
The blue, I am wondering if you mean "to the downside" (?)
I can add/change things as needed to improve it. That was the point of my post, if you have ideas.
If you are sure about the parts in green, can you tell me where to find them in the .pdf document?
Linear Mode
