Waddah Attar Explosion Indicator

thesource · #1 (**permalink**) 02-15-2007, 08:33 PM

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

aelimian · #2 (**permalink**) 02-15-2007, 11:54 PM

How do you use the indicator to alert buy, sell etc?

thesource · #3 (**permalink**) 02-16-2007, 05:19 AM

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

increase · #4 (**permalink**) 02-16-2007, 06:29 AM

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?

ssotiro · #5 (**permalink**) 02-16-2007, 08:27 AM

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.

thesource · #6 (**permalink**) 02-16-2007, 05:52 PM

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

et_phonehome_2 · #7 (**permalink**) 02-16-2007, 09:18 PM

How is the indicator used? Is it any different from others?

increase · #8 (**permalink**) 02-16-2007, 10:39 PM

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

Devil2000 · #9 (**permalink**) 02-16-2007, 11:19 PM

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?

increase · #10 (**permalink**) 02-16-2007, 11:30 PM

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