First let me introduce myself: my name is Hendrick. Maybe some of you knows me as the creator of Phoenix (fifth place in the Automated Trading Contest 2006).

I’m not only producing Experts Advisors like Phoenix but also indicators.

If you’re a manual trader and if you’re using a lot of pairs on different time frames then the LPD-indicator is what you need!

You all know how pain stalking it can be to crawl through all your charts and time frames over and over again to see if the pre-conditions of your strategy are met. How about this: the LPD-indicator gives you all the pairs and time frames you want in one screen and by just looking at symbols and colors you know instantly if one of pre-conditions are met!!

The screenshot gives an example of the LPD-indicator made for the 3-SMA strategy of Hector (forex videos - forex blog).

I’ve added a PDF-document to give you an impression of how this 3-SMA version works.

Here’s the deal:
If you want this indicator be tailored to your own strategy then just drop an e-mail to:

lpdindicator@live.nl

Just send me the pre-conditions for your strategy and I will make the right LPD-indicator for you. Next I will send you a demo-version for two weeks.

The price for this demo version is € 45.

If you like it you have to buy the full version. If you don’t like it, well , all my hard work didn’t pay me out. So the risk is on me!

The price for the full version (only now!) is € 145.

The decision to make the LPD-indicator is to me! If your pre-conditions are too complicated I can decide to refuse your proposal.

Payments only through PayPal.

Attached Images

lpd_01.gif (17.9 KB, 924 views)

Attached Files

Guide for the LPD indicator.pdf (111.0 KB, 191 views)

There's another version of the LPD-indicator for the 3-SMA strategy (forex videos - forex blog) that produces signals to show you possible trades.

I tested this version today for the first time and harvested + 322 pips (see picture). Not bad for a single day I think. The idea behind these signals is as follows:

Assume we have a strong uptrend (shown by symbols). During every trend there will be corrections (retraces). The indicator is hunting for these corrections and is able to "see" if a correction is done and the trend is continuing its direction. That's the right time to go long.

A total of 322 pips were possible because I use 19 pairs and have them all at one screen. So it's very easy to see if there's a valid signal and I will never miss a good trade.

The LPD-indicator that I used is an example and is not for sale. At least not now. I made it for a manual trader and as his strategy is used for the indicator so he's more or less the owner of it. But if you're interested I can always contact him to see if he's willing to sell it.

Anyway, if you're interested in your own copy of the LPD-indicator for your own strategy then send an e-mail to lpdindicator@live.nl.

I have already several orders for this indicator so hurry up! If this will become successful the price for the LPD-indicator will surely goes up.

Hendrick

Attached Images

20070730.gif (22.3 KB, 835 views)

-edit-
Results of trades for 1 day...

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MQL4 programming is easy ^^

Shinigami,

You should do some home work before you attack people. Hendrick is a very reputable person in TSD forum. 3SMA LPD indicator is made for himself only. But as Hendrick said. This thread is meant for selling thr programming skill that doing customized LPD indicator. Not selling the 3SMA LPD. Should you have any idea that you're currently trading on multiple TF, you can ask his favor to code a LPD indicator based on your own desire indicator. Besides... can you trade? From what I know, MTF trading on all TF shows the same direction, doesn't mean you can enter a trade directly. It only means the trend direction is agreed. Everything is solely based on your own trading discretion. Please becareful when you plan to attack next time.

Regards

David

I agree. Hendrick is a very reputable person here. I am very sorry that we need to remind it to the other members.

Hendrick does it consume too much memory from pc?

After viewing Hector´s site i did my own indicator based on my strategy using rainbown that LinuxTroll likes so much.

I made it simple cos i´m not a codder, but i´m having problems with memory consuming resouces. It will be hard to scalp with that.
Did you found a way to work around this memory problem?

By the way i was curious about the retracement strategy (since i just use breakouts), i don´t want you to explain how is it, just curious to know how many past days it uses to define a retracement.

I also want to tell you that you were best inspiration i had for starting to code. My EAs use a routine for MM used by you in Phoenix and i always write it there "Calculate optimal lot size by Hendrick". Thanks for everything.

cheers

Alex.pt (aka Carllos)

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Attached Images

indi_3007.JPG (126.2 KB, 719 views)

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"Hoe ur pips mate?"

My apologizes. I do not know Hendrick but I know I can trust your and NewDigital's words.

But I still think you should not post something like 1 day result when selling something - an indicator or an EA. 2 weeks or a month would be much better for that purpose unless the purpose is hiring someone instead of selling something.

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MQL4 programming is easy ^^

Hi Carllos,

First I had 2 problems: CPU and memory. After recoding the indicator these problems are more or less solved. To be honest my pc has a Core 2 Duo processor and 2 GB RAM. While I'm writing this I just checked memory-usage and as usual it stays around 137.000 Kb. Well, I think that's acceptable. CPU-usage had dropped a lot. I achieved this by making the calculations inside the indicator as efficient as possible and

To code to check if a retracement has successfully bounced back into the direction of the trend is still under development. But so far the signals we get are quite reliable.

Hendrick

Hi Shinigami,

This indicator is meant for manual traders using their own strategy. The signals it generates are not BUY or SELL signals but more or less signals to show you where the the pre-conditions of your strategy are met. Adding this picture with trades that were made, was only an illustration of what happened when I used this indicator for the first time. I could wait and show you the results of a month but that won't tell you anything about the indicator itself. Once again: the indicator is just a tool for manual traders and if you will be successful or not depends on the skills of the trader and not on the LPD-indicator.

Have a nice day!

Hendrick

In my opinion, Hendrick´s indi is very very usefull.
I haven´t tried it, but here is what i got till now.

I took all the information from the EMAs indicator on Hector website and code it in mt4 and build my own EA with my favorite retracement setup.
After solving memory consumming problems in the code i managed to have an EA running very well.
I´m using just pairs with maximum spread 4 pips and trading TFs from M15 to D1.
So it just took a few trades per day but all of them profitable (not even one looser) and an average +30 pips (could have been more but i was trading with some caution).

This indicator is clearly very powerfull

Regards

Carllos aka alex.pt

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"Hoe ur pips mate?"