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Old 08-27-2007, 09:54 AM
wltien wltien is offline
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Quote:
Originally Posted by WRR View Post
Wltien,
from my perspective, standard patterns, classic patterns and standard classic patterns all mean the same thing. These patterns have retracements, expansions and AB/CD ratios that are correct as defined by a number of experts over the years including Larry Pesavento.

nen's ZUP program identifies patterns that do not always fit the standard definitions. My programming skills are not advanced enough for me to be able to write code that determines if the patterns meet the standard definitions. I was hoping nen would endevour to fine tune the program to only identify the standard patterns.

ZUP does however change the colour of the retracement ratio numbers to lime green (current setting) if the ratio is one of the fibo numbers nen has coded in. If you don't see any lime green numbers then likely it is not that great of a pattern. But you still must check the pattern manually.

The alert code I have written, is simply to draw your attention to a new pattern that may be a good trading opportunity. You must decide if it is a standard pattern and if the trading conditions are suitable to take the trade.

So far, ZUP is the best free harmonic pattern code I have seen for MT4. If anyone knows of better code, please let us know.

WRR
Thanks WRR, I totally agree with you. Indicator is always a reference for trading entry, and not the absolute signal for us to enter trade.

If we really want to filter all false signal, I think there will be a very difficult indicator.

I think from now onwards, other than try to polish nen's zup indicator, we must share the success and failure of real trading experience, so that we can master this indicator.
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