AIMS Entry Alert V6.0 Beta [Obsolete]

[immy]

Paul

I just attached V6 twice with different settings. I have shared my template in my journal.

cheers

ps: dont forget its still beta so might change.

[Bettina]

Herbert,

1min lime/green 3 bars shifted forward is in question to finally qualify the arrow.

quote from the V6 release

"Arrow shows an entry where Alligator, on current time frame, was recently sleeping (within last 20 bars is the default option, but that can be changed in the settings) and Alligator on the next time frame is awake - essentially a Setup 1."

Controlling the alligator opening of the current timeframe is more part of checking the setup I think. At least, I didn't care about that.
But many thanks for dealing with it (hug)

Bettina

[Herbert]

The whole discussion is healthy, that is the important part. Also the creators can see where the Herbert got it totally wrong.. )
After all, i am sure Steve is reading this with a popcorn and coke at hand for entertainment.... (rofl)
Hopefully it will dislodge more ideas... Also always nice to see what the hell your customers are thinking....

If you feel inclined to raise another chart scenario, please feel free to do so.
If i am close to what you are raising as your "concern", then my experience and opinion on determining alligator status is this:

As opposed to dots and order of alli lines, which is a straightforward digital (binary) test and can be clearly defined, i think there may be a factor of "interpretation" of angle and separation (if that is a criteria used, i don't know) of these lines amidst live repainting - inherent and unavoidable with average calculations.

I consider that an analogue problem which opens the door for considerable parameter variation that the code/coder has to deal with. = (Turning Immy's aesthetic mind vision into hard code.... :-B ) ^:)^



Herbert

[snorm]

I'll just run through the logic of the arrows, Bettina (just in case there is anything still in doubt), but I think Herbert captured the essence ...

1. Is there an S1 / S2 dot, as per previous version of Alert?
2. Is the Alligator on the next TF open in direction of S1/S2 dot?
3. Was the Alligator on the current TF recently asleep? (it could now be awake in the opposite direction of the next TF, or in the same direction of next TF, or still asleep)

S1/S2 dots are formed from price action on the Alligator Lips (shifted, so the test is on the line that the trader sees, at the time of the bar - floating S/R and reversion-to-the-mean)

Alligator mood definition (in the indi) is, as we've covered, based on the true values of the MAs at the time of the bar; not the shifted values.

That's it in a nutshell - all aiming to capture a good Setup 1.

:-B

And I've just read what Herbert wrote whilst I was hammering on the keyboard (rofl)

[Bettina]

Steve,

thx for your answer.

So the coding looks at the current bar, to get the shifted values

was not quite correct or misunderstood by me.
Anyway, it startet with a simple oberservation and question. I'm rather astonished and a little ashamed, where it went. The reason were answers, which weren't any - from my point of view, or where I had the feeling, the point was not understood.
so special thanks you for this one :

I'll just run through the logic of the arrows, Bettina

Have a nice evening !
Bettina

[snorm]

It was a great discussion Bettina - thanks

[pianoman959]

As a coder of systems for my private trading company and hedge fund partners, I understand the issues associated with illegal distribution and piracy of code. Unfortunately, simply password coding and forcing a monthly change of the password will not solve the problem. Individuals will still download the code and provide the password. Worse yet, hackers may decompile the MQ4 executable and post the source code. While code obfuscation can slow down decompilation process it can not prevent it.

Frankly your better solution is to look at professional solutions like ForexCIO Ex4 Armour or other professional solutions that license the code and bind it to a processor. No, I am not associated with any of these companies. I have just face the same issue.

As a professional trader and a professional programmer (25 years plus IT consulting with firms like Oracle, BEA, etc) I strongly dislike the idea of monthly passwords.

Why?

1) If I like a system or indicator, I build expert solutions around the indicator using my own set of rules for trading. It is usually worth the cost of buying the indicator rather than spending the time to engineer a legal similar product; i.e. reverse engineering. I assume that you are familiar with the "iCustom" MT4 call and its use. This is not much different than your leveraging of moving average and existing Bill William's alligator code, except it requires no access to the original source of the indicator.

2) By requiring a monthly password, I now have to remember to update my systems or lose money because trades are not being taken by experts I have developed. Frankly, I would rather spend 3 to 4 hours coding a new indicator that does not have the visual signals of AIMS but provides signals based upon Bill Williams methodology plus AIMS rules. Obviously, in an expert calling an indicator one does not even need to display the indicator being called on one's chart.

3) Licensing is a far more effective solution to your issue.

By the way the fact that I have built a couple experts around your indicator speaks well of it. Kudos, the graphical concept is excellent!

No I cannot make the expert code I have written available as it contains rules that are not part of AIMS including extensive trade and risk management. I also have non-disclosure agreements.

Great trading to all!

[snorm]

Thank you for sharing your views, Rich.

The password protection is a temporary solution for the Beta Indicator – I haven’t yet decided if I will continue with this method of anti-piracy. If the password only limits the sharing of the indicator then I’m content. I don’t have the inclination towards making it impossible to decompile by anyone so staunchly inclined, nor the desire to spend money on such a task when I’m giving my work away for free.

I’m sure the vast majority of forum members wouldn’t begrudge the minute or so that it takes to enter a 4 digit number once a month. The time spent in doing so will be a tiny fraction of the time I’ve spent creating the indicators. However, I do take into account all opinions on the matter.

If you iCustom an indicator from an EA you can, as you’ll no-doubt know, specify the parameter set. It would be simple enough for you to code in some password inputs into your EA. That should be a lot quicker than spending 3-4 hours coding a new indicator.

“No I cannot make the expert code I have written available as it contains rules that are not part of AIMS including extensive trade and risk management. I also have non-disclosure agreements.”
Don’t worry – I wouldn’t ask …

“As a professional trader and a professional programmer (25 years plus IT consulting with firms like Oracle, BEA, etc)…”
I won’t tell you how long I’ve been trading or in IT (nor mention the Commodore Pet that I learned to program on when studying Computer Science) as I don’t want other forum members to think I’m not the young and cool dude that they think I am (rofl)

Great trading to you too

[robochef]

Immy, i have a 1 hour eurusd but as before, i am not sure i have set the chart settings correctly

[immy]

Immy, i have a 1 hour eurusd but as before, i am not sure i have set the chart settings correctly

Thank you now thats better

I see exactly the same arrows!

for M5 you need yellow arrows to look at H1
for M5 you need red/blue arrows to look at m30