macdulio3

Return To Furlough

The original title was gonna be Carbohydrate, but this one is a sequel.

A plate full of Hydras hydrates. Not quite as funny as in Hungarian (Egy tál hidra hidratál).

Triple bypass =
0M + para reversal + takeoff

To be played with full size

" F/S:"+DoubleToStr(NormalizeDouble(NormalizeDouble(AccountEquity()/2/600,2),2),2)+"LOT"

Trail CODE 11

 if (OrderType() == OP_BUY  
  && OrderStopLoss()==0.11 && RSI2[0]>80) 
     if (Bid>OrderOpenPrice()+40*Point && OrderOpenPrice()+40*Point>OrderStopLoss() && OrderOpenPrice()+30*Point>OrderStopLoss()){
  //               Print("bUY sTOP lOSS ATTEMPT ", OrderTicket());
              if (!OrderModify(OrderTicket(), OrderOpenPrice(), NormalizeDouble(OrderOpenPrice()+15*Point,6), OrderTakeProfit(), Red))
          Print("Error setting Buy trailing stop: ", GetLastError());
      }
       
 if (OrderType() == OP_SELL  
    && OrderStopLoss()==11 && RSI2[0]<20 )
     if  (Ask<OrderOpenPrice()-40*Point && OrderOpenPrice()-40*Point<OrderStopLoss() && OrderOpenPrice()-30*Point<OrderStopLoss()
       ) {
  
 //    Print("sELL sTOP lOSS ATTEMPT ", OrderTicket());
      if (!OrderModify(OrderTicket(), OrderOpenPrice(), NormalizeDouble(OrderOpenPrice()-15*Point,6), OrderTakeProfit(), Red)) 
         Print("Error setting Sell trailing stop: ", GetLastError());
  }


Until an RSI2 divergence shows up…

…or a safety band gets hit, or both. Yellow, uncooked spaghetti.

Speaking of RSI reversal divergences…

deletetxt1("FRACTAL");
     
for(i=1; i<=lookback-25; i++){    
   if (Low[i]<Low[i+1] && Low[i]<Low[i-1] && RSI2[i]<30) {
      j=i+3;
      while (j<i+24){
         if (Low[j]<Low[j+1] && Low[j]<Low[j-1] && RSI2[j]<RSI2[i] && Low[j]>Low[i] && RSI2[j]<12.5) break;
         j++;
      }
      if (Low[j]<Low[j+1] && Low[j]<Low[j-1] && RSI2[j]<RSI2[i] && Low[j]>Low[i] && RSI2[j]<12.5){
         ObjectCreate(0,"FRACTAL"+DoubleToStr(i),OBJ_TREND,indicator_window,Time[j], RSI2[j],Time[i],RSI2[i]);
         ObjectSetInteger(0,"FRACTAL"+DoubleToStr(i),OBJPROP_RAY_RIGHT,false);
         ObjectSet("FRACTAL"+DoubleToStr(i),OBJPROP_COLOR,clrGold);
         ObjectSet("FRACTAL"+DoubleToStr(i),OBJPROP_WIDTH,8); 
         ObjectSet("FRACTAL"+DoubleToStr(i),OBJPROP_BACK,1);
      } 
   }
     if (High[i]>High[i+1] && High[i]>High[i-1] && RSI2[i]>70) {
      j=i+3;
      while (j<i+24){
         if (High[j]>High[j+1] && High[j]>High[j-1] && RSI2[j]>RSI2[i] && High[j]<High[i] && RSI2[j]>87.5) break;
         j++;
      }
      if (High[j]>High[j+1] && High[j]>High[j-1] && RSI2[j]>RSI2[i] && High[j]<High[i] && RSI2[j]>87.5 ){
         ObjectCreate(0,"FRACTALZ"+DoubleToStr(i),OBJ_TREND,indicator_window,Time[j], RSI2[j],Time[i],RSI2[i]);
         ObjectSetInteger(0,"FRACTALZ"+DoubleToStr(i),OBJPROP_RAY_RIGHT,false);
         ObjectSet("FRACTALZ"+DoubleToStr(i),OBJPROP_COLOR,clrGold);
         ObjectSet("FRACTALZ"+DoubleToStr(i),OBJPROP_WIDTH,8); 
         ObjectSet("FRACTALZ"+DoubleToStr(i),OBJPROP_BACK,1);
      } 
   } 
}

Now, let’s talk down the elephante from the cherry-tree.

We are only interested in the reversal divergence if the market is trending.

The very first divergence may not always catch the ultimate reversal, but you should see some green pips, and if stopped out, wait for the next bus to come.
Strip-tease reprise, yes. Safety & shadow lines now around the E-44 at 35 and 45 pips displacements. Pendulum is my middle name.

Now, the usual Hudson Hawk joke: I wish you would lay off the pasta. Spit it out.

What is a spit back? It is an eating disorder.

High[i]>iMA(NULL,0,44,0,MODE_EMA, PRICE_MEDIAN,i) && Low[i]<iMA(NULL,0,44,0,MODE_EMA, PRICE_MEDIAN,i) && 
            High[i+1]>iMA(NULL,0,44,0,MODE_EMA, PRICE_MEDIAN,i+1) && Low[i+1]<iMA(NULL,0,44,0,MODE_EMA, PRICE_MEDIAN,i+1) && 
            High[i+2]>iMA(NULL,0,44,0,MODE_EMA, PRICE_MEDIAN,i+2) && Low[i+2]<iMA(NULL,0,44,0,MODE_EMA, PRICE_MEDIAN,i+2) && 
            High[i+3]>iMA(NULL,0,44,0,MODE_EMA, PRICE_MEDIAN,i+3) && Low[i+3]<iMA(NULL,0,44,0,MODE_EMA, PRICE_MEDIAN,i+3) && 
            High[i+4]>iMA(NULL,0,44,0,MODE_EMA, PRICE_MEDIAN,i+4) && Low[i+4]<iMA(NULL,0,44,0,MODE_EMA, PRICE_MEDIAN,i+4) && 
            High[i+5]>iMA(NULL,0,44,0,MODE_EMA, PRICE_MEDIAN,i+5) && Low[i+5]<iMA(NULL,0,44,0,MODE_EMA, PRICE_MEDIAN,i+5) && 
            !(High[i+6]>iMA(NULL,0,44,0,MODE_EMA, PRICE_MEDIAN,i+6) && Low[i+6]<iMA(NULL,0,44,0,MODE_EMA, PRICE_MEDIAN,i+6))

The E-44 has 3 modes. The normal mode is repulsive. It wants to reject price and chase it as far away as possible.

There are no back to back hourly touches, like the MA isn’t even present. The price starts from one end of the pendulum and makes it all the way to the other, no problem.

The latent mode is a digestion-attempt. If price hangs around too long in its stomach, say 6 hour or more, the E-44 is going to spit back the price.

Price goes from a safety line to the E-44 and never makes it to the other safety line.

The 3rd mode is the snake bite mode, during a trending (embedded) market. The slightest touch may provoke a violent blow.

During trending the price is likely to make closes beyond the shadow line and has periods when it is unable to return into the swing of things.

In closing after all this wasted saliva…

Yes, I’m Short Bread.