i used his 3level semafor, the only repaint indic i ever used.

1] add something to detect obos, rsi/stoch/wpr%/rvi/mom/roc/macd
2] add something to detect trend ma/envelope/alligator/macd

so every peak that generated by watl must be valid
and the break out must be valid to

obos>=<level obos && trend==01 cross over

i used 3level semafor with ma&macd&rsi to detect the (3) is valid or not
the biggest problem must be spike

hi, i trade this ea on high timeframe to avoid false signal, this means that low number-orders, if i added more criteria to enter buy/sell , orders decreases.

thanks in advance for suggestion

giapel

hi, adjust function trailing stop, see first post
giapel

thank your giaple.....

if u try to back test Euro/Usd TF 4 hrs from may 2008....this EA sufferred big
lost....
may be we can try another statergy...

Nice job. Trailing stop and TP work nice.

When I try and run this it is greyed out. I tried to compile it to find any errors but I only see 2 warnings and no errors.

The are "HandleModifyStop" and HandleOpenPositions" not referenced.

Does anyone know why this won't run?

Good Day,

I think the concept behind this excellent. I would also add that from my own experience and what I have read from others, the validation of repainting can be of significant value on the higher TF's (D1/H4/H1) which I prefer to trade on.

A few things I do to validate a number 3-- always check the next two higher TF's, if it is only a number 1 the repaint probability is still high.

Second verifying the ADX indicator is greater than 30 when the #3 is created and that both the +Di and -Di cross at 20 for it to be a valid signal. The drawback to ADX is it takes a couple of candles before confirmation is complete-- on a H4/D1 chart can be a day or three and by then the second wave is occurring...
However if I understand your strategy you are building off the #3 as trend indicator, more as a fractal than the actual initiation of the trade.

Who knows, how to use this WATL indicator???

__________________
russian trader
http://stace.mt4stats.com/

Hi,
it means that function are NOT used.

thanks, giapel

Hi
there is another strategy to "read" this indicator, i' ve introduced a conservative mode (low number orders, high timeframe).

Another way is a scalping strategy, small profit on breakout max/min and calculate a fix SL related to "% profitability".

request several hours to develop.

giapel