Originally Posted by poruchik

see - (if nen give answer) ZUP for english users - Onix

Originally Posted by WRR

Hello Poruchik,
thank you for posting the Zup indicator and information. I have downloaded, installed and traded with Zup67 for the past week to test it out. I have run it with only default settings except I have infoTF set to true to show the names of the patterns (e.g. Bullish Gartley, etc.). All in all, I think it is great.

Again, this is great. Thanks again nen and thanks again Poruchik.

I have a few questions and comments. First of all what is the strategy one should use, and interpretation one should make of the size and the shape of the red rectangular box? Some times it is taller and narrower. Other times it is shorter and wider. I know it is good to have a Limit Entry order placed just before the pattern completion with a fairly tight stop. I was just wondering about the thinking behind the red rectangle.

From reading further, it seems that the red box is the range in which the pattern is still valid and shows the zone where Point D of the XABCD pattern should form as defined by nen the programmer. The closer you are to the extreme maximum level where thereafter the pattern fails, the lower your entry risk. Since these patterns often form to show where retracements will occur on a larger trend, it is less risky to only take Bullish signals in an uptrend and Bearish signals in a downtrend. One should also have regard to the ratio numbers retracements. These should match those of the standard patterns. In other words, just because the pattern shows up, it may not qualify as a standard pattern.


Have a look at the screen shot of the attached chart. Why does the red rectangle not move to the right edge of the right blue triangle? Is this a bug?

This likely occurred because the pattern failed.

It would be great if the red rectangle had the OBJECT_BACK feature enabled so it would draw in the background. Too often it draws right on top of the wicks of the candles preventing me from seeing the wicks. It's been a while since I used that piece of code so I forget the syntax and do not know which line or lines of code to change. Please advise what code to change and what the changes are to make the rectangle draw in the background. Perhaps these changes could be made permanent in the next version.

I found the place to change the code and changed it myself.

It would be great if there was an alert that would activate only when a new blue pattern shows up on the screen. Is there such an alert? I tried the ExtAlert but it seems to give too many signals. What exactly is it signalling?

It seems that ExtAlert tells you each time a new ZigZag forms so it tells you that the market has changed direction. It seems to give an alert on all timeframes even if only one chart timeframe is open. As long as the market isn’t too choppy, or is quiet, there are not too many signals. I wrote an alert that signals when new patterns occur. I will post it shortly.

Some Gartley experts claim that unless the Gartley has segment AB = CD, then the pattern is not as effective. It seems the indicator also identifies patterns where AB does not equal CD. It would be great if the indicator showed us when AB=CD so we would know it was a "better" pattern.

It would be great if the indicator were coded to optionally only show the really good patterns with the correct ratios.

Also I notice the indicator will identify the pattern, and show a light green colour to indicate it is a fib number but the ratios don't match conventional wisdom. By conventional wisdom, I mean the standard ratios as per the attached diagram. Please comment.

From what I can tell, nen has taken some liberties in defining these patterns. If it is close to a real fib number the indicator says it is exactly that number. Also, some of the fib ratios don’t qualify as true patterns by normal standards. As long as you are aware of this, then the indicator still does help you spot the good patterns. The suggestion I have is that there be an simple one button adjustment to flip between what the indicator shows now and one with tightened up standard definitions of what qualifies as a pattern.

Since there is so much code, this indicator takes a lot of resources. Are other features that are not turned on in default mode still running in the background? I was wondering if there is a way to make it go faster? I have a fairly new computer with a Pentium D930 Duo Core 3.0 Mz processor with 2 x 2 MB cache so I am a bit surprised that it is sometimes slow. Sometimes MT4 temporarily does not respond for a few or several seconds while the indicator is computing away. For now, I run a completely separate MT4 with only one chart and only with Zup running. Then it is not too slow but adding other indicators and charts really slows things down.

By reducing the number of bars from 128000 down to 5000 in MT4->Tools->Options->Charts->Max bars in chart, the indicator works much faster now.

Thanks again for all your efforts Poruchik and please pass along my comments to nen. Sorry I don't speak or read Russian or I would post to nen on the Onix site.

I quickly became confused on the Onix site as even the English user section has buttons in Russian. So I don’t know if nen ever read my post or responded.

I would greatly appreciate your comments.

Cheers!

WRR