TraderColin, I've thought a lot about this tonight. The logic you describe is the logic I used on an earlier private version of Carmen. If I can bring it back, it might dramatically increase the profitability in ranging markets.

The CARMEN System Indicator

try it, if it works better let me be the first to know.

The CARMEN System Indicator

You're right, with v1.03 we were forced into fitting one group of setting to every market type. I just uploaded v2.00, it lets you specify 3 different groups of settings, and then will automatically switch from one to the other, depending on the ...

The CARMEN System Indicator

CARMEN Indicator v2.00 Several traders who tried out the CARMEN indicator noticed that the default settings(which are for trending markets) do not work well on ranging markets. To solve this, in carmens_eyes_v2.00 there are 3 groups of settings. ...

The CARMEN System Indicator

The first quote is not from me. It's from another trader that mis-read the second quote and was asking for clarification.

The CARMEN System Indicator

I have a special power, where all I have to do is make a trade and the currency starts ranging like crazy. works on any currency, any timeframe.

which pair has excellent ranging market

you're very welcome.

The CARMEN System Indicator

you have to compile it. After you put it in the indicator folder do this: 1)Open up MetaEditor. 2)Open up the indicator in MetaEditor (File, Open, ect) 3)Look at the top of MetaEditor, there will be a toolbar and on the toolbar will be a button ...

The CARMEN System Indicator

No it doesn't repaint.

The CARMEN System Indicator

I'm way ahead of you man. I"ll have an EA out soon.

The CARMEN System Indicator

Yes I do have an idea of what caused that. It's not a bug though, the indicator is working properly.

The CARMEN System Indicator

Yes.

The CARMEN System Indicator

Okay, I can handle errors in the calculation but errors in the drawing drive me crazy. I fixed it, refer to my first post for the updated file. And you'll def want to change the default values. The default values for the GBP/USD.

The CARMEN System Indicator

As I said in the first post, timeframes are relatively irrelevant because the system trades directly off the price action. The only difference you'll see from one timeframe to another will be from the change of resolution. For example, the 5-minute ...

The CARMEN System Indicator

try zooming out.

The CARMEN System Indicator

no, I worded the system rules correctly. If the line that we use to close trades is the same line that we use to open trades, then very frequently the price will criss-cross the line over and over and we'll lose money even though the price may be in ...

The CARMEN System Indicator

Did you compile it?

The CARMEN System Indicator

This was causing a lot of confusion, my bad. I just upload a new fix, v.1.02. It will automatically determine if you're using a 4-digit or 5-digit broker now, so you can concentrate on the important stuff.

The CARMEN System Indicator

If this thread gets enough attention I might release an EA for the indicator, so that the values could be optimized. The EA would include a few other tricks.

The CARMEN System Indicator

I'll make them smaller next time.

The CARMEN System Indicator