HI ALL!
Guys, when I saw 4h tunnel here on forum I was amazed this summer. I Plot it on the chart and it's just perfect on history.

It had one problem though, it lacked real psychologically-reliable signals to work with, I just can't force myself to wait for 300+ pips (in the description files guys from vegas team give high fibs, but often we have chops for +/- 100 pips, which is really psychologically frustrative). I have tried to solve this by problem by introducing extra indicators of my own,

which is the Momentum2 indicator, it's just 2 momentums for the same periods as in MA, 55 and 8.
(it basically tells us when the trend is about to change - when momentum channel becomes narrow, but it's a really really lagging indicator!)

Also I've put there stochastic with same periods. It shows enter and exit signals just perfectly, they seem to be safe about the 80 and 20 dashed lines.

And I've put there Williams' OA, to show the direction of trend power, it's good for exit signals (when the new bar changes color we exit).

And finally I've colored the trend bars on the main chart with Heiken Ashi.

So guys, now I'm in search for a perfect money management system for this model.. MM method for short term trading (one change of color in Heiken Ashi) and for LOW BUDGET. I would be grateful so much for any suggestions on that.

Maybe someone would like to code an automated trading script out of that material? What I strongly believe, there can be made a very well automated trading system with this kind of heuristics described above (signals of momentum2 narowness, stoch, OA etc) using some Fuzzy Logic algorithms and some open source FUZZY LOGIC library like that one http://ffll.sourceforge.net/ The lib is quite simple to use, but unfotunately I'm not 1331 enough in the algorithmic part of such things

btw, here's my Momentum2 indicator and Vegas4H indicator that I found somewhere in this forum, all in the attachement.

and the result of using this system for this week (it was a very well-trending week though, I suppose it's an ideal case).

Attached Files

	4hVegasMetaTrader4hChart.mq4 (28.6 KB, 356 views)
	Momentum 2.mq4 (2.4 KB, 305 views)

Aleksandr,

Looking at your system, what stands out most to me is something you might want to take a look at:

Your indicators are all doing the same thing. They're telling us a trend is in place. Not one is telling us anything different. For a 4hr chart, your stochs/momentum do not need to be longer than say 8 ish for stochs and perhaps 14 ish for momentum.

Let the moving averages tell you the trend and your oscillators warn you of overbought and oversold and/or trend arousal and exhaustion areas.

Good luck.

Thx PipTrip!
I've just found out one nice indicator for exits, thx to Igorad.

Attached Files

RVI_v1.mq4 (3.1 KB, 319 views)

Hi everyone!!!
I am beginner in MT4 and we tested the demo an interesting method and please help me to make a EA.
My method is the tunnel and make trade orders in a tunnel by “n” pips (variable).
The rules are:

+BUY+

level1:buy say 0.1 lot TP and SL
level2: sel 0.2 lot buy price –pips and reverse TP, SL
level3: buy 0.4lot at price first buy and TP, SL idem
level4: sel 0.8 lot at price sell and TP, SL idem
……etc.
or other method……………………………
---level1:buy say 0.1 lot TP, SL and make pending order (sel 0.2 lot buy price –pips nd reverse TP, SL)
--- when take the next sel 0.2 lot , make pending order (buy 0.4 lot at price forst buy and TP, SL idem)
---when take the next buy, make pending order (sel 0.8 lot at price forst sell and TP, SL idem)
…..etc……… up to MaxTrades
The method does not lose all your money if you fail because freemargin not allow more trade or was reached to MaxTrade.

Similar for +SELL+
some variable to the EA:

TakeProfit=; // Profit Goal for the latest order opened
StopLoss=; // StopLoss
TrailingStop=; // Pips to trail the StopLoss
MaxTrades=; // Maximum number of orders to open
Pips=18; // Distance in Pips from one order to another
MagicNumber=222777; // Magic number for the orders placed
Money Management";
Lots=0.1; // We start with this lots number
Multiplier1=1.5;
Multiplier2=2;
AccountisNormal=0; // Zero if account is not mini/micro
SecureProfit=10; // If profit made is bigger than SecureProfit we close the orders
AccountProtection=1; // If one the account protection will be enabled, 0 is disabled
OrderstoProtect=3;
(variable is similar TERMINATOR v2.0 EA)
I apologize for my bad English.
Thank you

Anyone still using this setup?demo or live