Forex
Google
New signals service!

Go Back   Forex Trading > Downloads > Indicators - Metatrader 4


Register in Forex TSD!
Trading Systems Leaders in this forum (automated trading systems) are winning more than 3000 pips in a month (30000$ investing one lot every time).
Click here to register and get more information

Reply
 
LinkBack (12) Thread Tools Display Modes
  #81 (permalink)  
Old 06-05-2008, 04:30 PM
jimven's Avatar
Senior Member
 
Join Date: Mar 2007
Location: Upstate New York
Posts: 119
jimven is on a distinguished road
Quote:
Originally Posted by odj66 View Post
Any ideas what the best trend indicator is?

I'm talking about an indicator that detects the begining of trends, continuation & end of trends.

This would be very useful so you just watch this indicator & only take trades when the trend begins & ride it till it ends.
What you're asking for does not exist, as it is a mathematical impossibility. No algorithm can predict or report whether the current trend has ended. The trend must actually end before the indicator will report it, so the indicator is always late. Often, it's so late that "riding it" results in a loss. In fact, the trend can end at the very moment you trust the indicator enough to open a trade. Then the indicator will betray you by not telling you until you're losing money.
__________________
Success is more perspiration than inspiration . . .
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #82 (permalink)  
Old 07-03-2008, 11:42 AM
Junior Member
 
Join Date: Jun 2007
Posts: 9
wowos is on a distinguished road
Thumbs up EA based on Trend Indicator

Traders and programmers,

Im looking for an EA based on Trend indicator with the specifics are below.

- Trend.mq4 attached with these settings(Bands period=15 Bands deviation=5, power period=15 (we can change it)
-any time frame (adjustable)
-lots size 0.1 or (adjustable)
-Open buy for cross up (blue above red)
-Open sell for cross down (red above blue)
-The EA enters a trade on a new candle after crossing, not immediately
-If the next cross happen the trader will close the current trade and open an opposite one.
-stoploss , take profit and trailing stop are optional
-any pair and time frame
-max trades (adjustable)

Thanks in advance for any help and support

wowos

11.JPG
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #83 (permalink)  
Old 07-03-2008, 12:16 PM
Administrator
 
Join Date: Sep 2005
Posts: 15,980
Blog Entries: 68
newdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud of
This indicator is very old one.
It came from Metatrader 3.
I have no idea who coded it first for MT3. May be Nick Beluck.
Later on Ramdass (russian coder) converted it to MetaTrader 4. And later on many people created many variations of this old well-known indicator:

iTrend_indicator.jpg

Usually this indicator is using as a filter in EAs. For the first time we used it in Brainwashing EAs http://www.forex-tsd.com/brain-systems/ and EAs are profitable for same pairs/timeframe during the 2 and half a year forward testing with same settings (coder: Nick Beluck).
Value of this indicator is fully depends on broker's data. It means: different value for different broker. Usually people are using some formula to averaging this value for same period of bars and using the value of the indicator for the broker they want to trade with. Otherwise it will be very different performance.

Later on many people created many other EAs (Terminator and so on) but this EA used as a filter only with any EA coded.

May be there is some EA which is using this indicator as a main one but I did not see sorry.

Just for information.
Attached Files
File Type: mq4 iTrend.mq4 (3.3 KB, 21 views)
File Type: mq4 Trend.mq4 (3.2 KB, 23 views)
File Type: mq4 iTrend_hist.mq4 (4.4 KB, 28 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

LinkBacks (?)
LinkBack to this Thread: http://www.forex-tsd.com/indicators-metatrader-4/139-trend-indicators.html
Posted By For Type Date
Ciekawe wskaźniki do MT4 This thread Refback 06-24-2008 01:06 PM
Ciekawe wskaźniki do MT4 Post #5 Refback 01-30-2008 03:15 PM
non-lag-trend indicator mt4 - Forex Trade swicki - powered by eurekster This thread Refback 12-18-2007 01:15 AM
Ciekawe wskaźniki do MT4 This thread Refback 10-26-2007 04:51 PM
Ciekawe wskaźniki do MT4 Post #5 Refback 10-20-2007 03:25 PM
Ciekawe wskaźniki do MT4 This thread Refback 10-18-2007 03:07 PM
Forex :: Przegląd tematu - Ciekawe wskaźniki do MT4 Post #5 Refback 10-18-2007 09:01 AM
Ciekawe wskaźniki do MT4 This thread Refback 10-17-2007 07:56 PM
Ciekawe wskaźniki do MT4 Post #5 Refback 10-17-2007 07:35 PM
Ciekawe wskaźniki do MT4 Post #5 Refback 10-17-2007 07:29 PM
Ciekawe wskaźniki do MT4 Post #5 Refback 10-17-2007 07:03 PM
Ciekawe wskaźniki do MT4 Post #5 Refback 10-17-2007 06:39 PM

Similar Threads
Thread Thread Starter Forum Replies Last Post
Max number of indicators in indicators folder? moneyline Metatrader 4 11 04-23-2008 09:18 AM
Best trend indicators? markt Indicators - Metatrader 4 7 11-28-2007 05:00 AM
Anti Trend and Trend Following Systems Maji General Discussion 3 03-08-2007 08:23 PM
Flat trend indicators ? hexadecimal Indicators - Metatrader 4 3 04-23-2006 08:03 AM


All times are GMT. The time now is 02:18 AM.



Search Engine Friendly URLs by vBSEO 3.2.0 ©2008, Crawlability, Inc.