Hi Murali

The ZZ Pointer does repaint it is a known thing. You should only use it as a warning of possible change in direction. If you look back in your charts, it looks so good, only if it would be true.

This system is the greatest and you must find a way to filter the signal so that you don't have so many false signals.

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Thanks Basza that clarified the issue.

What are the possible filters users are using now to eliminate these false signals.

Any help would be appreciated

Regards
-M

Everyone use different filters to suit the way they trade.

I have found bb_stops and xpma along with ZZ_Pointer, if they are all pointing in the same direction, is a good signal most of the time for me. I still have losses but not as many. bb_Stops and xpma are late in giving a signal, so you do miss out on some pips. By the way I only trade the 4hr chart this normaly allows me to do other things.

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Thanks a lot for your help.
Let me try your setup.

-M

If you go to FOREX NZ - Forex NZ Downloads you will find all indis and template file.

Remember to use on 4hr chart and only trade if everything is pointing same way. You should be able to spot what I mean once you have it setup. Do not use a stop loss as the EA will place stops and adjust the trailing stop. The placeing of bids is still manual

Any problems just drop a note here or pm me

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http://westauckfx.oxyrack.com/

This image is from my $20 account I started last week. System is a cross between Follow The Bouncing Pip& xmpa.

As you can see, we still get losses but the but we are slowly gaining.

Attached Images

Pips.jpg (60.6 KB, 807 views)

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Hello
Please I’m new to forex and I opened an account with Alpari ($200) now I’m down to $120, please I need your help I saw the systems you are talking about the problem is that I don’t know were to start. Can you pls reattach the system and tell me how to use it, before I lose all my money thanks. Hope to hear from you.

Enclosed you will find a ZigZag_Pointer indicator that will show you where the indicator repainted, yellow and orange arrows.

TimeFreedom

Attached Images

ftbp_gbpjpy_08-13-08_01.gif (13.0 KB, 637 views)

Attached Files

zigzag-pointerV2.mq4 (4.8 KB, 107 views)

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"Believe none of what you hear and half of what you see."

@ Basza;

The link is not working. Please advise.

TimeFreedom

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"Believe none of what you hear and half of what you see."

Sorry everyone but the hosting site I was using was having to many problems so I decided to move pages. They can now be found at http://www.westauckfx.0fees.net . Not everything working yet but we are getting there.

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