FTC it is then.

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

Attached Files

BykovTrend_Sig.mq4 (2.1 KB, 555 views)

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 would set a stop of no more then the low or high of the candle you got the signal from.

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

Attached Files

Mauro_Trailing.mq4 (16.8 KB, 580 views)

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.

Attached Images

usdchf.gif (35.8 KB, 2141 views)

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.

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

Chris

I am now following this real time, we will see how we do... cheers Walter.

Attached Images

yen.gif (29.0 KB, 2108 views)