Will you please post your testing here? Also, tell us if you are entering as soon as the arrow appears, and what stop loss and take profits you are using.

It's ok but too many arrows the settings are better with 5 and 9 on 1hr like attached

Attached Files

trendtest_window1.mq4 (5.0 KB, 231 views)

I could be wrong, but I think you mean:

15 * .7 = 10.5 or 11 pips.

Honestly though, I must disagree. This calculation doesn't make sense.

Normally you choose a SL that provides the maximal room that the trade needs before it goes in your favor. Why use any more?

Its one thing to say that a signal is 70% accurate, but you have to qualify that with the maximum negative exertion. Everything may look good on a daily chart because the arrow points to buy, but which buy entry bar has the lowest low (or the longest low tail)? Unless you account for that, entry bars that have tails bigger than your SL will end up being a thumbs down, rather than a thumbs up. So, your 70% drops significantly.

So, a 20 pip SL is useful ONLY if the maximum negative exertion is < 19. Sorry if I'm repeating what everyone knows.

Anyway, that being said:

My challenge is that I don't see this indicator being 99% accurate as codersguru says.

codersguru are you still watching this tread? I love the print statement, because it tells you how many are wrong and how many are right. But, unfortunately the BEST that I found was roughly 58% correct. Not that 58% is bad, but it is only on certain pairs, and is certainly far from the 99% stated in post #1

What are your latest thoughts sir?

Best regards,
CS

__________________

Join the MultiBroker M1 and TICK Data Bank Project
Imagine 90-99% modeling quality in MT4 back testing with free data from your broker!
Come see our current list of covered brokers.

Codersguru, could this indicator be made with an audible alarm, or email message? Please?

Thank you.

Hi, just saw this thread. Are you saying that you’ve got a Forecast prediction Indicator that will predict the future price? How far ahead has it worked? Which file do I need? How does it work?



Please see the attachment and explain what I'm looking at and looking for. You say Blue arrow is Buy but the price goes down ??

http://www.forex-tsd.com/attachment....1&d=1164215605

Thanks

Attached Images

predict.JPG (62.1 KB, 793 views)

Oh, Oh, five bad in a row;

http://www.forex-tsd.com/attachment....1&d=1164225629

Attached Images

Predict Gone Bad.JPG (19.4 KB, 737 views)

no no you noodle, this is no good on a 15 minute chart.. You need at least to use it on a daily chart. Read the whole thread and then make your own decisions. I have myself decided not to pursue this.

__________________
regards

Adrazz

i am going to try the 10 pips per signal and an SL of 30 pips in eurusd.. if it is 90%

in 100 trade: 10 pips x 100 x 0.9 = 900 pips
30 pips x 100 x .1 =300 pips

i think i can gain 600 pips from this system in every 100 trade.. which is not bad..

may i know what pair did you use for the 15-20 pips which give 99%?

but i am not sure with this yet! what you think?

go for it, it is worth the test. Try it on cable, cable trends well with plenty of pip movement per day.

__________________
regards

Adrazz

Please explain how to use then. I must be missing something then.
Thanks