Hello Derk,

Plase have a look at pages 49 and 50 in the pdf-document. It says: "Avoid entering a Long when RSI PL > the upper volatility band, >50 and >68."
and "Avoid entering a Short when RSI PL < the lower volatility band, <50 and <32."

Why did it help you? The trading rules pinpoint that the trend of the Price Action Channel is important. For entering Long, the PAC must trend up, for entering Short, it must trend down.

You're right. I'm sorry.

A Long position should be exited when the RSI crosses back below the upper voltility band. A Short position should be exited when the RSI crosses back above the lower volatility band.

Derk, is it possible to add an alarm to your indicator?

Greetings,
Chris

Compassfx published an online webinar about trading with the Synergy method on their website. It can be found here.

1) Okay, thank you; I will have a look, and change the Indicator to match.

EDIT:
There seems to be a conflict: On page 51 it says enter then green > 50 and above red and above yellow. Yet on page 49 it says avoid entering long when green line is above upper blue, > 50 and > 68. Do they mean (on 49) to avoid it only if all three of those are true?

As far as the 2nd bullet on 49, "Consider adding to the trade if...", I have not done anything yet to show that.

------------------------------

2) It increased the profit; I was seeing that sometimes it entered a [buy] trade when green above yellow and above red, but the move was done: red was headed downward, and it got in anyway. But by saying red has to be angling up, it helped avoid those losers.

------------------------------

3) Yes, I can add an "Alert" call, if that is what you mean.

-Derk

cochran1:

Thank you; I will keep this in mind.

-Derk

SwingMan, have you had a chance to look at adding the email alert to your indicator ? I attempted adding it to the 'Entry Signal' but I get way too many pages, I did something wrong. I have it attached if you want to take a look, thx

Attached Files

Synergy Signals [v3].mq4 (13.3 KB, 270 views)

Hello Derk,

The green line displays RSI Price Line. RSI over 50 means bullish and under 50 means bearish. A RSI PL over 68 means overbought and under 32 oversold. Therefore, I think that all conditions must be on hand.

Better to say: Avoid entering a Long trade when RSI PL > 68 and avoid entering a Short trade when RSI PL < 32.

The rules say: "Consider adding to Long trade if RSI PL > the upper volatility band and >50, but <68. Consider to Short trade if RSI PL < the lower volatility band and <50 but >32." I have some problems in understanding these rules. Maybe the following interpretation is correct ...

In the appendix you see a daily chart of the EUR/GBP. On Oct. 3rd, haClose is below the PAC Low and PAC is trending down. This means basically "Go Short". But when looking at the TDI you'll see, that the RSI PL is above 50. So that cancels the Short Signal. Now you have to wait until RSI PL also falls under 50 before entering a Short position.

Maybe my interpretation is not right. Please correct me if I'm wrong.

I'm very pleased if anyone can construct an indicator with the arrows and audible alarm like it's shown on the CompassFX website (see appendix also) ... This makes the signals to see easier ...

Attached Images

	fxdd.gif (20.6 KB, 1696 views)
	Alert_GJY30_120106_001.jpg (30.2 KB, 1701 views)

Greets:

I have updated my indicator with a couple more features:

1) Added alerts

2) Added a legend to tell what the exit codes mean

3) Added "add to position" arrows, according to the synergy specs.
The entry arrows are solid, the "add to position" arrows are hollow.

4) Added a filter to not enter a buy trade if green line above 68 (or
below 32 for sell). You can turn this on and off using the
"UseEntry68_32" setting.


OTHER SETTINGS:

"UseSmallerExit" setting decides whether to exit a trade if the HA candle is "much smaller" than the previous. "DefineSmaller" tells what 'smaller' means, as a percentage. Default is 0.08, meaning 8%, which is the best setting I found with minor testing.

"ReqRedYellowCombo" will, if set true, require the red to be above yellow for long, or below for short entry.

"UseVolExpanding" will, if set true, require the volatility (blue) bands to be expanding in order for a trade to be signaled.

Updated file can be found in my previous post, #65

If you have any good suggestion to filter bad trades or stay in good ones, please let me know.

Best,
-Derk

Thanks Derk,

but I don't see any arrows on the charts after loading your indicator ...

There's a small notice above the last bar: "0 pips: 2057 Bars".

What's wrong?

Attached Images

fxdd.gif (20.3 KB, 1667 views)

You will see by my post above that I added this, but I made it an option because the numbers indicated it did not help.


I believe you are right.



I believe mine satisfies most if not all your requests now.

Good trading,
-Derk

I re-downloaded and checked the code, as well as the functioning. Works fine. Can you check your experts and journal tab; look for errors?

-Derk