bouncing back.......

Sometimes I wonder about people???
I guess when I read posts, I just blow by a few because I know by the authors that nothing constructive will come of it. Why waste my time?? Same thing with threads. If there is an author of a thread that I've seen to be particularly argumentive, I blow by it.

People will always find a way to cheat and there is nothing you can do about it. Whats the prize won. At the end of the year, will they be a better trader? The best will be able to do as they choose and the prize will mean very little once they have developed the skills necessary to get there. After all, the reason we are here is to develop skills that will allow us to improve our lives. If this thread works for you, great. If not, move on.

You want to cheat. Open 16 demo accounts and set up 8 buys and 8 sells. Close when ready and you now have 8 winners. Forget the losers. Now open 4 more buys and 4 more sells. Close when ready and you now have 4 with 2 consecutive wins. Forget the losers again. open 2 more buys and 2 more sells. Close when ready and now you have 3 consecutive wins on 2 accts. Buy and sell again and 1 acct will end up with 4 consecutive wins. Now that will really stroke your ego and if that's what you want, ok.

But you know, by looking at the values being sent in, nobody is doing that. I don't see any huge wins here. I believe they are possible, but the people here are cautious and when it gets in the profit, the trades are closed probably earlier than necessary. Does that sound like cheating. No, to me it sounds like somebody who is taking the skills being developed here seriously and will let the trades run longer when they have more confidence in themselves and the system they are using. This thread has helped me immensely in my trading and I value the content. My thanks to bear and fx for starting it. I like people who think outside the box.

So in closing, On with the contest. I look forward to the results. And I can live with myself in the am.
Sometimes I wonder about people???

Both Igor and Bear have presented systems that are very interesting. They should be commended for that.

But to me it seems as though the difference of opinions between these two is now getting personal. It needs to stop.

__________________
Ash's Signals

Hey guys. I made a qiuck ea using the Bouncing Pip idea, with this indicator 3_Level_ZZ, ZigandZag, and float. Uses settings 100,60, for all indies. Enters on signal 3, arrow, and zero volume of float, exits the same way. Now the problem is that closing the order coincides with the conditions being met for opening the opposite order so ea cannot open opposite order, it needs a stop and reverse function added. You see in the picture attached it should have opened the opposite order since all conditions were met but it did not. Also, it needs a stoploss set for low of candle "Current+1" +spread, instead of a static stop of 100 pips. I have a very limited knowledge of mql4 made this with the ea builder. So it would be great if somebody can handle this. Also for the programmer. Could you check the buy/sell/close logic? If I put the brackets properly since sometimes those ea's that i make work on the backtester but not in real time. Hope this ideas would be helpful to people. I am attaching the 3 indies that u need and the ea.

P.S. Mr. Pip, I would've added this to the BP EA if I knew how...EA is too complicated for my little brain, LOL.

Attached Images

gbpjpy.gif (14.6 KB, 1087 views)

Attached Files

	YourExpertAdvisor3.mq4 (11.1 KB, 160 views)
	Float.mq4 (8.2 KB, 127 views)
	3_Level_ZZ_Semafor.mq4 (7.8 KB, 136 views)
	ZigAndZag.mq4 (15.0 KB, 157 views)

As I like the idea, here is a zigzag indicator that does not repaint. I know, some of you will smile now, but take a look. It is an indicator, special for the bouncing pip I guess . ON the chart it is in the lowest indicatorwindow. The yellow line will look like zigzag on 1hr and 4 hr. Even on 30 min it is of great use. From now on it is inpossible to not make money I think. When arrow appears, look at bottom indicator for confirmation.
I guess this should be in the EA. And then deliver it to all the ones that have contributed on the bouncing pip in time here.

Attached Images

bouncingpip.jpg (75.4 KB, 1092 views)

Attached Files

ang_ALR(V).rar (1,021 Bytes, 425 views)

Thanks a lot for posting that, Roodstaart. Just checked it out and it does not repaint. I have to figure out how to integrate it. Problem is the ea only opens long trades for some reason and I do not see why that is ghrrrrrr...

Roodstaart,

I would like to ask a question. You appear to be using MTF dots of some type for trend to complement the ZZ? I have been using MTF Non-Lag MAs with a QQE for exact entry. Can you give me you opinion of that set-up? You are a more experienced trader than me, but from what I can see any fast trending indicator should do the trick.

And thanks for the new indicator.

Regards,

Paul.

Along those lines, here is another good one. That is to be found on this forum--3c_JRSX, period 31 works well on g/j. Here is the link to the Jurik pack:
http://www.forex-tsd.com/64499-post69.html

I made an ea with just rsx 31 and 21 for entry and pc9 for exits. It was not in much profit, but at least it did not lose in 10 months of backtesting. Also that was 1 lot with no compounding at all. Notice the ability to be profitable even with 37% winning trades....The winning trades are just mindblowing on h1. Anyway just more ideas to improve trading results:-) Enjoy:-)

P.S. Again if ea had stop and reverse function results might've been a bit better.... But all in all, it is crappy the way it is....plus Jurik is another story. Sorry for digressing.

Attached Files

StrategyTester1.htm (156.2 KB, 102 views)

Which yellow line are you referring to -- the dashed line around the histogram?

I wish I could help you...I know programming in VB tm 6, but not for EA.
So maybe this will help: MQL4 Guide
There you will find ready parts of EA creation like opening and closing etc.