Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
Here is another arrow marker for you to try, I must have a half dozen in my indicators. This one is good one Im checking for repaint, which I think they all will do at least until the bar is close. but if we find one that dosent move after the bar is close then we can work from it a lot better.
I use 3, 6, 500 for the settings on hour or 4hr chart
Hi bear - system looks promising... what happens if price continues to move against us and zig zag repaints do we only exit at opposite signal or is there a set stoploss pip amount ?
I have applied this to my charts & I must say I like it. When you change the settings to match the POINTER it aligns perfectly, warps & all.
A few questions if I may.
1) Whats BARN?
2) Whats FROM?
3) Is there a way to have the audible go off more than once?
Thanks for all your help,
Bear-
bigbear
I newer used the indicator before but I think BARN is a setting that works the same as "shift" in other indicators.If you make it 3 for instance the indicator will wait for 3 bars after it pass the actual point before it will make the dot . Maybe the idea is to use it as a filter.
FROM is the amount of history bars it will use to put the dots on.
Not sure about the alert.
Attached is an EA that will put the stops ,trailing stop and move the stop to breakeven plus x amount of pips. You will have to manually initiate the trade
I newer used the indicator before but I think BARN is a setting that works the same as "shift" in other indicators.If you make it 3 for instance the indicator will wait for 3 bars after it pass the actual point before it will make the dot . Maybe the idea is to use it as a filter.
FROM is the amount of history bars it will use to put the dots on.
Not sure about the alert.
Attached is an EA that will put the stops ,trailing stop and move the stop to breakeven plus x amount of pips. You will have to manually initiate the trade
Do you happen to know if the EA affects all open trades or just the trades of the specific pair who's chart you put it on? Thanks!
Do you happen to know if the EA affects all open trades or just the trades of the specific pair who's chart you put it on? Thanks!
According to my experience you can load it on different pairs and it will manage each one of them independently The best is to load it on a demo on different pairs in a demo and see what it is doing.
I tried today a different approached .When I got the short signal on the USDCHF the possibility was that if I go short it could go against my short position, so I enter a short and long with a stop loss of 40 on both my orders .it went in my direction but if it did go north I was still in for a trade on my long position. I did the same on GBPUSD , unfortunately the trailing stop was to close to the market action and it took me out to early but still positive after I subtract the loss on the sell order.
I think of doing this on the longer time frames, just need to determine a wide enough band between the stop loss of the sell and buy order. Well the market has to go up or down from that point. I set the EA to move to breakeven on both the orders just before it hit the stop loss of the opposite order to prevent the possibility to end up with two losses.
Here is another arrow marker for you to try, I must have a half dozen in my indicators. This one is good one Im checking for repaint, which I think they all will do at least until the bar is close. but if we find one that dosent move after the bar is close then we can work from it a lot better.
I use 3, 6, 500 for the settings on hour or 4hr chart
I agree droesparky... would be nice to have one of this indicators to leave the "disapeared arrow" ploted on a diferent color...instead of disapearing, re-plot it on a diferent color, that could be cool to make some historical backtest of the method... should we ask some charitable programmer here at tsd to help us ? cheers Walter.
In its purest form you would exit the next time you see an arrow or the ZIGZAG line bounces.
i can give you some averages on the pairs I trade.
EUR/JPY 1 HR SL 30 TP 200
GBP/JPY 4 HR SL 60 TP 350
Your stop loss should always be behind the arrow, basicly behind the last established high/low.
Hope that helps.
Bear-
Hi bear,
THanks for showing us your system. Just trying to wrap my head around your MM. On the first page you stated that you use a 60 SL for E/J on the 1 hour and a 100 SL on G/J for the 4 hr. Does it vary with each trade for you? Thanks for your efforts
Linear Mode
