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Old 02-15-2007, 08:33 PM
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Waddah Attar Explosion Indicator
NOTE

If you are new to this indicator, Ihave started the strategy thread here. I do however also encourage reading this thread for some back ground. Thank you.

I found this very interesting indicator created by Waddar Attar on the Codebase site.

His take on the use is

"Indicator Waddah_Attar_Explosion is very powerful. It alerts you to buy , sell , exit buy and exit sell." source:http://codebase.mql4.com/1000

From a visual check it looks very promising.

Let play with it and see how effective it is.

The author suggests 30TF and 1H TF
Attached Images
File Type: gif waddah_attar_explosion.gif (18.5 KB, 7703 views)
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File Type: mq4 Waddah_Attar_Explosion.mq4 (7.8 KB, 2970 views)
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Last edited by thesource; 02-26-2007 at 09:36 PM.
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Old 02-15-2007, 11:54 PM
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How do you use the indicator to alert buy, sell etc?
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Old 02-16-2007, 05:19 AM
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Isakas
I am testing it with Isakas right now.

I wouldn't recommend it as a stand alone indicator. I will invite the authot over to this forum to shed some more light on it

But I think by mixing it up with the knowledge on this forum we can put together a nice combination and strategy
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Old 02-16-2007, 06:29 AM
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Quote:
Originally Posted by thesource
I am testing it with Isakas right now.

I wouldn't recommend it as a stand alone indicator. I will invite the authot over to this forum to shed some more light on it

But I think by mixing it up with the knowledge on this forum we can put together a nice combination and strategy
Good one, I am tryin g it, but it does not seem to alert?
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Old 02-16-2007, 08:27 AM
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Used it on a live account today. Nice confirmation to isakas that I am mainly looking.
The thing that drives me crazy is that it beeps in every tick. Is there a way to disable that?
I closed the trade at 20pips. Waiting to see when and if there will be a signal from Waddah to close position.
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Old 02-16-2007, 05:52 PM
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Alert Setting
Under the inputs you can set the Alert Count to the amount of alerts you want to receive.

The Default is 500. So this can be set to user preference.

I didn't have a change to trade today so I will actively start live testing on Monday
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Old 02-16-2007, 09:18 PM
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How is the indicator used? Is it any different from others?
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Old 02-16-2007, 10:39 PM
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It gave me a good sell signal, repeated a dozen times, then I did not get an exit signal even when the trade started to move away?

It seem so be similar to the juice indicator but has a lot more potential , but it has some problems
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Old 02-16-2007, 11:19 PM
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Quote:
Originally Posted by increase
It gave me a good sell signal, repeated a dozen times, then I did not get an exit signal even when the trade started to move away?

It seem so be similar to the juice indicator but has a lot more potential , but it has some problems
What kind of problem?
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Old 02-16-2007, 11:30 PM
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Quote:
Originally Posted by Devil2000
What kind of problem?
Like I said problems in the alert section, I received a good sell alert, but then no exit.

When the price then moved into a buy I got no alert at all
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