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
Hi I have another version of the PercentZZ which i think that works better. Don't know if it is exactly as Igor said it should be, but from my calculation it tells you where an X% move from a point was done.
It is attached here, please take a look and let me know what you think about.
Thanks, Zmax
Take a look at the following chart (the last major move UP). The indicator didn't see that coming The last SELL signal was valid all the way up.
I know that it's only an indicator, but shouldn't it signal a BUY at some point of the move up?
It's better to confirm the entry with candle close in the same way with nld and price trigger. I use it in M5, and price trigger needs a sound alert for forward testing. For now it's doing well. But i missed some entry's due to the lag of alert.
Here is the indicator with sound alert (PriceTrigger.mq4).
Plus, PriceTrigger2 also with optional sound alert. This indicator also checks the Volatility.Pivot.Open indicator (used to filter out some false signals)
IMPORTANT:
The default settings used in these 2 indicators are the settings I use to scalp EURUSD.
Please experiment with different settings for different currency pairs and post them here.
What version of the indicator have you used there. Will take a look but over, but on my tests never happend to have 2 arrows of the same color one after the other.
What version of the indicator have you used there. Will take a look but over, but on my tests never happend to have 2 arrows of the same color one after the other.
Thanks, Zmax
I used the attached indicator (this was a backtest)
ZMAX, this is the backtest on EURUSD 1H from June 2007 (just following the indicator) - stop and reverse method without any additional filters. No SL no TP.
ZMAX, this is the backtest on EURUSD 1H from June 2007 (just following the indicator) - stop and reverse method without any additional filters. No SL no TP.
Hi, Nix,
I think to put a TP would make a difference. Would you be able to test it and share with us the EA?
ZMAX, this is the backtest on EURUSD 1H from June 2007 (just following the indicator) - stop and reverse method without any additional filters. No SL no TP.
It's interesting stuff Nix, thanks for sharing.
You should probably discard stop and reverse, it's usually a spiral of doom scenario. Accepting the fact the trade is a loser for whatever reason is a better way to go.
Examining your entries tell me that it's most likely a good management plan afterward with entry protection and trailing etc would make this quite profitable.
The last SELL signal was valid all the way up.
. I'll test it once more.
Linear Mode
