Hello! Everyone,

Can I request the TrendmeLeaveme3 expert to be made to a Candle stick breakout method.

So that it places the high and low of last candle as buy and sell points, and makes market order when price of the current candle breaks the previous high or low.

Take profit and SL is set by user. Should be usable in all time frames.

Thank you.

You mean an EA for pattern indicator ?

I think that would be great,
Zeman is trading candles pattersns now

Patterns alone will not be very great ( thats what i tried 4 years back ) you have to add Bolinger bands, Trend and Feb levels .... that would be the best tools for manual trading, so if anyone can make an EA based on
Candle parrterns
Bolinerg Bands
Trend Lines
Feb levels
that would be great

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I mean every candle breaks previous candles high or low.

So, if the expert places a trade when previous candels high or low is broken, then there is an oportunity to capture a few pips for every candle.

The Expert must do an OCO (one cancels other type position).This will help.

Thank you
Fx-Hedger.

Wouldn't this option be the same as the Grid Trader EA.
On what TF are you thinking.

Correct me here but would this kill your account in sideways markets. Having a look at the early morning price movement on EUR/USD today on the 30min TF.

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Safe Trades

the source

I don't remember how the 'Grid Trader' works.

Since this EA can be made with user adjustable Stop Loos and Lot size. I don't see why you could loose your account? May be if it was a mini account. But I don't think it would affect a standard 25K account. But we'll see in live testing. I would probabaly try it in an hourly or bigger time frame.

Fx-Hedger.

Thank you MiniMe for bringing TrendMeLeaveMe by Waddah Attar [TMLM EA] to our lives... Thank you Ibin Fernas for the translation... and THANK YOU Barnix for Ind-TD-DeMark-3-1 [03-06-2007 #17]... and MrPip for V3... and thank you ALL for sharing... I am only learning how to use MT4 and... discovering your discussion and these indicators/EAs is for me like a revelation... it's amazing to see all this working and moving on my MT4 chart [mig]...

May I suggest to all, for this discussion, to stay with TrendMeLeaveMe, Ind-TD-DeMark-3-1, e-Trailing EA and SHI Channel... this way this discussion can be focused... introduction of any other EAs/indicators/concepts... will only dilute the content and eventually all will desapear...

So the way I understand, in order of priority, trading a pair, we have:

[1] on first chart:
- Ind-TD-DeMark-3-1_eng.mq4 or...
- Ind_TD_DeMark_3_1_LA_Mod_03B_AIME.mq4 [Barnix]
- it must be on the chart before TMLM V3 can be put on [MrPip]
- DeMark [Tom DeMark] can be used as a stand alone manual trading indicastor
- adding TMLM V3 EA will allow autotrade

[2] on second chart:
- e-Trailing.mq4 [Barnix]
- SHI_Channel_true_fixed.mq4 [Perky]

As I said, I am new to EAs/Indicators... and still just a demo trader... and not very good at this... *smile*... my mind is not putting the [1] and [2] togheter very well...

Could you please let me know... can the MT4 system execute the [1] & [2] at the same time... for the same time frame... the same pair...? or... the [1] and [2] can not work at the same time... for the same order...?

And... is the [1] and [2] corrrect...? or maybe there should be a different combination... should we concentrate only on [1]... or only on [2]... or on [1] and [2]...

I will post my [1] and [2] screens shortly...

Thanks for your comments...

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"Nothing is obtained simply by wanting and nothing is achieved by relinquishing responsibility to higher authority. Belief is the act of be-living, for to be-live is to believe, and will - is the ultimate medium of the self" - Enki: 4500 BC

Your welcome : I would suggest that you read these two posts to know how important to improve your trading skills before using any EAs
Collaboration Dolly + Isakas + Nina System

The top tenets of mechanical trading

We try to help each other in forex-tsd.com but most important you will have to start from the basics then move to EAs.

Wish you luck and lots of money

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Thanks MiniMe... will do...

Here is my MT4 screen... the latest setup under [1]...
Ind_TD_DeMark_3_1_LA_Mod_03B_AIME.mq4 [Barnix]

For an untrained eye and mind is rather hard to follow what is what...

Barnix, would you please let me how to switch-ON the text description that appears on the TOP Left corner of nd-TD-DeMark-3-1_eng.mq4...

Also, the "Price Lines / Take Profit Lines" at DeMark are quite apart from the price lines being indicated by TMLM...

Could please put some logic for me as to which lines to follow...?

and... could someone take this jpg or their own... and draw on it a text explanation for each line present...? people say "picture is worth more than a thousand words"... and it would make it easy for new adepts to understand... -thanks

Attached Images

setup [1].jpg (170.2 KB, 1143 views)

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"Nothing is obtained simply by wanting and nothing is achieved by relinquishing responsibility to higher authority. Belief is the act of be-living, for to be-live is to believe, and will - is the ultimate medium of the self" - Enki: 4500 BC

Okay... I got the text info to show up in the UPPER LEFT corner... but how come the HighHL_1 and LowHL1_1 are not parallel to HL_1 ...?

but... can someone explain to me what do these abbreviations mean:
- LL_1 ...
- HighLL_1 ... why is it set up 50 above LL_1 ... what does it mean...? the significance of 50...?
- LowLL_1 ... why is it set up 10 below LL_1 ... what does it mean...? the significance of 10...?

- LC1_1 ...
- HC1_1 ...

same for...
- HL_1 ...
- HighHL_1 ...
- LowHL_1 ...

also... can we make each order with corresponding T/P & S/L to show up on the chart in a different color...? it would be much easier to see which one is which

how do I put back on chart the 2 UPPER/LOWER price indicators [blue and red solid lines] projecting the price to the price index on the right...

After playing with the setup for a while I see that this EA is a NEGATIVE PIPs accumulator... especially in the whipsaw market... there is probably somewhere out there an indicator/ea that recognizes the sideway market and if set to stop trading under say condition that Pick/Valley difference fall below 20-30 PIPs... would send the signal to TMLM EA to stop trading... and resume, if one of the "minimum separation" support/resistance lines is broken...

also... in a sideway market, following a PICK to the left... when 21 & 34 WMAs start to trend down... our TMLM EA should stop issuing BUY orders... only SELL... and resume BUY only when the sideway's RESISTANCE is broken taking the price out of the 20-30 PIPs whipsaw...

and is it possible to synchronize the TWO [TMLM EA and DeMark] so they be in agreement as to Target Price and/or Take Profit lines...? or can TMLM take a reading from DeMark's LC1_1 and HC1_1...? DeMark it seams to calculate Profit Targets according to what is happening with prices... Profit Targets are reacting to the condition... S/L could be auto calculated as a percentage of LC1_1 or HC1_1...

What do you think guys...?

Attached Images

TMLM102.jpg (221.8 KB, 1130 views)

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"Nothing is obtained simply by wanting and nothing is achieved by relinquishing responsibility to higher authority. Belief is the act of be-living, for to be-live is to believe, and will - is the ultimate medium of the self" - Enki: 4500 BC

Hello again...

- Ind_TD_DeMark_3_1_LA_Mod_03B_AIME.mq4 [Barnix]
- it must be on the chart before TMLM V3 can be put on [MrPip]

the above combination right now is only loosing money... but... it could be a good play if a radical change is put in place... and for you MrPiP this could be relatively simple to do... I think...

I plaid with this combo for a while and it seams the NEGATIVE Pips could be turned to POSITIVE...

MrPip, could you please just reverse the current BUY and SELL orders issued by TMLM EA... in other wards, right now, at the upper trendtline and its "break" [end of impulsive wave], the BUY signal is executed...

at the end of each IMPULSIVE wave there is always a CONTRACTIVE wave... and if you would to change TMLM order from BUY to SELL [just the opposite to what TMLM is designed to do] ... we would typically make a few PIPs [10-15] on each contractive wave... and the total could grow quite nicely...

The same would be applicable to the lower tread line... the reverse action...

There is a multitude of small contractive waves as opposite to just a few large breakout waves...

Please make this for us so we all can try... -Thanks

__________________
"Nothing is obtained simply by wanting and nothing is achieved by relinquishing responsibility to higher authority. Belief is the act of be-living, for to be-live is to believe, and will - is the ultimate medium of the self" - Enki: 4500 BC