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I have been manually paper trading this for two days with some success on the Eur/USD pair, actually just playing with my Spread Betting account (I realise its not ideal).
I have traded it with no other indicator but set up two charts for the pair concerned, one 1 Hour Chart, and a 5 min chart. I only take the 5min VQ trades in the direction of the 1 hour VQ. I can see some potential here.
Right now I am still short for around 40 pips..............
Hi rogerha
U can use one M5 chart with two VQ, second VQ indicator TIMEFRAME set to 60... m5_h4.gif
Raff
The reason I use both 3313 & 5313 is that 3313 is more reactive and gives me a 'heads up'. It also identifies mini-trends. 5313 is more conservative and that's really what I'm going for with my entries. When I was using 3313 I was just in and out all over the place.
I have written a little VB6 program that gives me a dashboard of the status of the indicators for the four indicators I use (MACD, Asc, VQ-5313, VQ-3313). It stays on top all the time so I can monitor the status of the indicators even if I'm doing something else on the computer.
Also, when I have a confirmed trend reversal, my EA sends a message to my cell telephone so I can go check it out if I'm not around my computer.
Lots of fun.
very nice dashboard, do you have any download link?, where can i find that dashboard
thanks
dellan
The dashboard was really just a utility I pulled together in VB6. If you'd like it, it's here.
In the .Zip: TradingAsst.exe (dashboard), Path.txt, AscTrendline.ex4, mWay.mq4, mWay.ex4, VB6Code.txt
Pick a folder and put TradingAsst.exe (dashboard) and Path.txt in it. You'll need to have the VB6 runtime modules for that to run. It's usually already installed on a Windows machine. Modify Path.txt to the path where \experts\files\ is located.
I added the VB6Code.txt so if someone wants to put this is Java or something, they'll have data format for reading from the file output by mWay.ex4.
Put VQ.ex4 from this thread in the \experts\indicators folder
Put AscTrendline.ex4 in the \experts\indicators folder
Put mWay.mq4 in the \experts folder (this is an EA that provides the data for the TradingAsst) and also sets the alerts when things line up.
Open a new chart for EURUSD & GBPUSD (it's hardwired for these) and drag the mWay EA on the charts. You don't have to have VQ.ex4 or AscTrendline.ex4 on the chart to use this (I think - haven't tried it).
I'm reluctant to release this, mainly because it will show my sloppy programming, but you're welcome to it if you can tolerate that.
One chart...
Very interesting picture - part 2
Linear Mode
