Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
I am trying to come up with a profitable strategy using this indicator--4 period ma. I used to trade live successfully using a similar indicator that I don't have access to anymore. I can't seem to find the optimal settings on 4pma i.e. ma length, method, etc.
Would anybody who can read MQL4 code be able to tell me how this indicator is constructed--how do you determine the hi and lo levels(they are the dynamic fibo levels), how do you determine the lcf and hcf levels? I understand the ma1, ma2, ma3 are moving averages, which lenght and method of calculation are set by the user--ex. simple moving average, 13 period. It doesn't look like the default settings are optimal. That is why I am trying to understand how it works so that I can fix it.
The indicator is attached below.
I am trying to come up with a profitable strategy using this indicator--4 period ma. I used to trade live successfully using a similar indicator that I don't have access to anymore. I can't seem to find the optimal settings on 4pma i.e. ma length, method, etc.
Would anybody who can read MQL4 code be able to tell me how this indicator is constructed--how do you determine the hi and lo levels(they are the dynamic fibo levels), how do you determine the lcf and hcf levels? I understand the ma1, ma2, ma3 are moving averages, which lenght and method of calculation are set by the user--ex. simple moving average, 13 period. It doesn't look like the default settings are optimal. That is why I am trying to understand how it works so that I can fix it.
The indicator is attached below.
Indicator is interesting but this code is complicated to me sorry.