Don`t read this thread..Make Money with it.

[SIMBA]

Hi,

First: I checked with Suri and he confirmed that both MSH and MSL are based on CLOSE.

Second:Weekly recap,first week,we had 3 trades,numbers1,2,3(by hand ) at the statement at post 28 of this thread

1-Dragon m5 on GJ=-36 pips

2-MSH on GJ H4=+101 pips

3-MSH on GU H1=+71 pips

NET TOTAL:+146 pips

Next week will keep forward testing this 2 patterns and will explain the next one "N-Bar Rallies/Declines"...of which there are several in the making.

Enjoy the week end.

[fxfariz36]

Originally Posted by SIMBA

Hi,

First: I checked with Suri and he confirmed that both MSH and MSL are based on CLOSE.

Second:Weekly recap,first week,we had 3 trades,numbers1,2,3(by hand ) at the statement at post 28 of this thread

1-Dragon m5 on GJ=-36 pips

2-MSH on GJ H4=+101 pips

3-MSH on GU H1=+71 pips

NET TOTAL:+146 pips

Next week will keep forward testing this 2 patterns and will explain the next one "N-Bar Rallies/Declines"...of which there are several in the making.

Enjoy the week end.

hi simba....
how to apply this method?
isn't use fibonacci fan if im not mistaken>..

[turboscottomatic]

Hi Simba,

Thanks for the nice thread. Trying to be 100% clear on the pattern parameters you just described for the MSH. Please correct me if I am wrong.

So, in effect, we are looking for higher CLOSE followed by higher CLOSE followed by lower CLOSE as the setup... is this correct? The "higher high of close" terminology is throwing me a bit....

Best,
Scott

[SIMBA]

Originally Posted by turboscottomatic

Hi Simba,

Thanks for the nice thread. Trying to be 100% clear on the pattern parameters you just described for the MSH. Please correct me if I am wrong.

So, in effect, we are looking for higher CLOSE followed by higher CLOSE followed by lower CLOSE as the setup... is this correct? The "higher high of close" terminology is throwing me a bit....

Best,
Scott

Yes..this is correct,I posted the book definition,which is very clear for us visuals , since you have an image just in front..then I checked with the author just in case and he confirmed.
All the images shown have also higher highs,but the author specifically said that the pattern is made by the closes,not the highs.
My personal opinion...I wouldn´t trade any pattern that didn´t have,in addition to the closes,at least a high and a higher high...

Same concept and comments apply to MSL.

This week I am being extremely busy,will try to post,at least some examples of new patterns.

[rufffen]

Simba, thumbs up! Please keep posting, patterns and fractals are by far the best in terms of risk/reward, been trading them for 4 years now.

[Dimicr]

Simba, can you try to translate MSH and MSL patterns definitions to mql4?

[Dimicr]

If i understend correctly this indicator show these patterns or No?

[SIMBA]

Originally Posted by Dimicr

If i understend correctly this indicator show these patterns or No?

By looking at your code I would say not so,and by looking at the indicator I would confirm,I modified from 500 to 50,to have more visual examples..there are several msh and msl that are not arrowed..and some arrows that are neither pattern

//==============================================
MSH[i]=EMPTY_VALUE;
int barH1 = iHighest(NULL, 0, MODE_CLOSE, 500, i+4);
int barH2 = iHighest(NULL, 0, MODE_CLOSE, 500, i+3);
if (barH1==i+4 && barH2 == i+3 && Open[i+2] > Close[i+2] && Close[i+1] < Close[i+2] ) MSH[i] = High[i]+ 5*Point;
//==============================================
MSL[i]=EMPTY_VALUE;
int barL1 = iLowest(NULL, 0, MODE_CLOSE, 500, i+4);
int barL2 = iLowest(NULL, 0, MODE_CLOSE, 500, i+3);
if (barL1==i+4 && barL2 == i+3 && Open[i+2] < Close[i+2] && Close[i+1] > Close[i+2] ) MSL[i] = Close[i]- 5*Point;

I would say..MSH would be :

Close(i+1)<Close(i+2)&&Close(i+2)>Close(i+3)...and then you have to code that "New Highs" issue..for the closes and for the highs...not necessarily among the last 500 bars...inverse for MSL..Anyway I am not a coder .

Thanks for your interest,I believe we can codify some of the patterns.
Will try to post my idea for a code of MSH,MSL...probably on Monday,and you can check it .

[RickW00716]

I bought this book and it is GOLD!

I probably won't use all the patterns but the ones I have looked at seem to work very well.(Iuse some at sup/res areas)

Simba, I am curious about hte fractal pattern(5 bar)...one of the examples in the book doiesn't seem to match the description(page 68 to be exact)

[Linuxser]

I´m thinking we need a Zig Zag indicator with one more feature: How many section back? 3-5-8