How to Find Settings for Different Pairs and Time Frames

[immy]

How to Find Out Accurate Levels for Orange Bars on eWave or AIMS Wave Indicator

Step 1. In the inputs of the indicator insert 0.0 for both values.
Picture 1.

09-05-2012 19-07-14.png

Step 2. Generally scroll around and look for areas where alligator was sleeping and bars of eWave/AIMS Wave were close to zero line. Scroll around. E.g. in this Gold chart below, using your cross hair or putting a horizontal line you can find out where are the areas that looked relatively close to zero line. These are areas where risk on taking a trade was still low and the wave/trend was not fully under way, meaning it was still the beginning of a move and still safe to enter.
I can see that 4.00 would be ideal for Gold. You can then experiment on charts from the past and make adjustments.

Picture 2.

09-05-2012 19-12-35.png

Picture 3.

09-05-2012 19-13-29.png

Step 3.

Now that you have found some level value you can try these by adding them in to input areas of eWave/AIMS Wave indicator and you should see something like the pictures below.

Note that I have Used Half the number of the most appropriate value I found i.e. 4 for inputs in eWave indicator. Whatever value you think is the highest just divide that by two and input it there.

Picture 6.

09-05-2012 19-19-50.png

Picture 4.

09-05-2012 19-16-57.png

Picture 5.

09-05-2012 19-16-20.png

[Topher]

Immy

That is what I did to get my first round of settings for H1 and H4. I then back tested to refine them more. I am now trading them live and will adjust accordingly as I get a reasonable number of trades unde my belt.

Richard

[Ladytrader]

Hi Immy thanks for this, I have adjusted my settings, however where you have the 3 red dots where the alligator is sleeping on 7 May my dots are pink and powder blue, do I need to adjust some more? Also would you be able to show me this for DOW?

[immy]

Hi Immy thanks for this, I have adjusted my settings, however where you have the 3 red dots where the alligator is sleeping on 7 May my dots are pink and powder blue, do I need to adjust some more? Also would you be able to show me this for DOW?

Hi Tracy

I'm sorry if I could not explain properly. I thought these instructions along with Gold example should serve as a guide for how to find out the levels on any currency pair or time frame for yourself and then with enough experimentation you'd know the correct levels that works best for you.

So, repeat the same process for Dow or any other instrument and time frame of your choice and find the levels. I hope this helps.

Immy

Ps: here is an example of WS30 on GKFX . I have attached pictures of 30 or 50 levels. now you have to choose and suit yourself. Like wise, simply using your crosshair you cna find appropriate level values for different currencies/pairs. The value differs relative to the format of the price of the currency/pair/instrument.

[immy]

A Few More Examples. I hope this would help.

[immy]

Ok in the following two pictures I'm TRYing it on some strange pair. ... LOL

10-05-2012 15-55-55.png

10-05-2012 15-58-47.png

[tombacon89]

I'm not sure if I'm posting in the right place here but hopefully someone can help! I have had a red and a blue dot on the same candle??? :S and I seem to be getting more dots than normal. Has anyone had this before and know how to fix it?

Tom

[Bettina]

Hi tom,

I have this sometimes too. Just change the timeframe to m5 and back to m1. Hope it will help !
Bettina

[PaulF]

The manual says that there's no need to display the purple line on higher time frames, but on the AIMS Gator v5.1 there is no option to hide it. Is this deliberate?

[Bettina]

I gave it the colour of my background - perhaps a workaround for you too ?