For some reason, I load indicator and dont get any plot... some ideas ?

hi droesparky. forex11 here. Im the one that lives in florida. bigbear lives in california.

I live on MADEIRA BEACH, right on the gulf of mexico.

How about adding Bollinger band and STARC Band to this system?

Hey droesparky,

Actually I live In Northern California (NorCal)

Thats Forex11 who is in Florida. Thats where we get our ribs. From a place called Roma Village in South Florida.

Bear-

Hey forex11 my bad, I spent a couple years on clearwater beach and a few in Jacksonville I like the gulf side best.

anyway back to forex, re reading the thread writing the rules out to burn them in my brain.

thx

Hey Nix,

Thank you for your offer.

This is for anyone who would like to program the EA. The following is just a request by Forex11 & me. Thanks in advance.

When the NonlagZigZag & the ZigZag Pointer Touch, thats an entry signal. The EA should enter a trade at that exact point. Stops loss should be at least 20 pips below/above candle with arrow.

Exits should be at the next signal where the EA would enter again or at predefined TP

Thats it. Thats all I do when I trade manually.

As for settings I would like the following.

Stop Loss

Take Profit

Break Even After X Amount of PIPS + X amount of PIPS (i.e. Break even + 20 etc..)

Not a trail stop but a function where the stop moves every X amount of PIPs rather than pip by pip. Example Stop @ 1.2350. Next stop @ 1.2400 Next Stop @ 1.2450 ETC....

A money management rule with % of account to trade, number of lots to trade down to Micros & % decrease factor

an option for audible alerts.

Leaving a ghost in case of repaints.

I have a lot of coding that I strip out of EA's. Some the stuff above I have code for but dont know how to make it work

If you need more let me know. Im sorry Im not very code savvy but maybe if we chat I can help you guyz more.

Thanks again, I really appreciate it.

Bear-

hey bigbear in the above post you said enter when the line and pointer appear.

You do mean on the close of that candle right?

Bear.....

I have been reading your thread since I know that the zigzag indicator can look really good but is extremely limited as far as an indicator goes. The zigzag indicator is helpful to aid in the visualization of Elliott wave patterns and potential turning point in the market.

I have taken the privilege in discussing the potential for an EA using the zigzag indicator with my programmer. He claims it does not work or shall I say is not profitable. However I do have some ideas for this indicator and how it can fit into the design of an EA. Let me offer this to you guys on this thread I'm going to keep an open mind because I see potential in this indicator since it predicts a potential high and low, or in other words extreme points similar to any overbought or oversold indicator and could very well be useful in swing trading.

As you guys mentioned earlier, the key to this indicator is realizing that it will repaint often and will need thorough analysis of what it takes using money management to make sure that you set realistic profit targets that outweigh the multiple small losses.


May I offer you a couple of recommendations:

1. You add a conventional trailing stop that works Pip for Pip.

2. Enter the trade based on confirmation looking at the previous candle's high exceeded by x-number of pips. For short confirmation entries look at the previous candle's low exceeded by x-number of pips.

Good luck!

Don

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Sincerely,
rswamy4449

KG Trapping Mode

Hello bigbear. Just finished reading this thread today and must say it is very interresting.
Just before the market closed for the weekend, I had set up a couple of charts to see how this looks and moves with the market. I had seen something similar to this with the Muarry Math system. So I loaded up the MM lines onto the charts and found that the zigzag pointer appeared only on the major lines. Eg. -1/8 Over Sold , -2/8 Reversal – Major , +1/8 Over Brought and the +6/8 Reversal – Major. I have included a couple of images below.

I will try and keep an eye on this during the week to see if this could help to confirm if the entry is good or not.
I like to a T/S and have set up a ATR trailing stop on the chart so that I don’t need to be at the computer 24/5.
I hope that as a group we can work together on this and not end up mouthing off at each other like I have seen in quite a few threads.

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