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Old 05-09-2006, 11:57 PM
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cja cja is offline
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4Xtrader indicator Alert

Thought this might help with the 4Xtrader indicator - I am not a programmer so this could have been done better,

#1 Altered the ALERT to show up in the Alert box

#2 Set the Alert for a CROSS of the 5 & 35 EMA

#3 Added in the 5 & 1 Minute time frames to the Comments in the top left

#4 Added in the CCI 13 to help take out false signals

#5 Changed the RSI to 9 (this has been a favourite of mine for years) but it is easy to change it back to the 8 setting if desired

This has achieved 2 things -

1st The 3 indicators must line up to give a BUY/SELL signal this helps filter out FALSE signals

2nd You can see on the screen (COMMENTS) when a possible trade is setting up - for example the 1 minute changes to SELL, then back to BUY then back to SELL the 5 to 60 minute still show BUY, then the 5 minute also changes to SELL this gives you an early warning of either the end of a trade or the start of a new trade.

I have left the indicator arrows in but I personally find them only useful to visually show where the EMA's have crossed - of course now you also get an Alert box appearing to confirm the cross - I may remove the arrows as they are not helpful as trading signals

4Xtrader.mq4

Last edited by cja; 05-10-2006 at 06:04 AM.
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