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I've just found this thread and very very interesting. Lots of people hate the repainting like this but I like to play with it. I've read a lot and trying to trade with 3-Level- ZZ- Zemafor. It repaints heavily. I was blown up several accounts (demo & real money), but I've so far not given up to studying it and trying to find a way to conquer it. I've observed a lot and realised that when going long/short with this kind indicator that means we maybe are doing countertrend trading and of course very dangerously. I lost a lot with tight stoploss. I short/long again and again at new high/new low and adding positions. And continue to lose. After thought much I came up with an idea. Why we didn't make a pending buy/sell order just several pips below/above the bar with the indicator together with the sell/buy order we've just opened for the signal. If the price go against us, the opposite orders will be triggered and the profit is very promising, marking up the initial loss due to stoploss is hit. Just a starting idea, and just a newbie, not successful with forex yet, still looking for a suitable strategy for my own. If you guys are interested of, please help me to develop my humble idea. I because I've not finished going through all this thread yet, so please ignore if this thing has been discussed already and help showing me which post I can refer to.
let make this strategy #1.
Good luck and success to all.
Last edited by Exciter135; 06-07-2009 at 05:56 PM.
I've just found this thread and very very interesting. Lots of people hate the repainting like this but I like to play with it. I've read a lot and trying to trade with 3-Level- ZZ- Zemafor. It repaints heavily. I was blown up several accounts (demo & real money), but I've so far not given up to studying it and trying to find a way to conquer it. I've observed a lot and realised that when going long/short with this kind indicator that means we maybe are doing countertrend trading and of course very dangerously. I lost a lot with tight stoploss. I short/long again and again at new high/new low and adding positions. And continue to lose. After thought much I came up with an idea. Why we didn't make a pending buy/sell order just several pips below/above the bar with the indicator together with the sell/buy order we've just opened for the signal. If the price go against us, the opposite orders will be triggered and the profit is very promising, marking up the initial loss due to stoploss is hit. Just a starting idea, and just a newbie, not successful with forex yet, still looking for a suitable strategy for my own. If you guys are interested of, please help me to develop my humble idea. I because I've not finished going through all this thread yet, so please ignore if this thing has been discussed already and help showing me which post I can refer to.
let make this strategy #1.
Good luck and success to all.
Hi Exciter135,
Yes, a lot of people do go on about the repainting of the zigzag and derivatives thereof.
I myself find that the zigzag is the most useful tool in identify the main trend and current market direction.
I also like the Fibonacci sequence and have been applying it to zigzag and 3 semafor indicators with much success.
and on zigzag I am using...
zigzag 5 (610,5,3) White width 22
zigzag 4 (233,5,3) Crimson width 16
zigzag 3 (89,5,3) Lime width 10
zigzag 2 (34,5,3) Blue width 4
zigzag 1 (13,5,3) White dot
I am also using Stochastic (5,3,3) signalmode 3 and waiting for the crossover before considering entering the market on a 30min chart.
I hope this helps in your search for a suitable strategy.
and on zigzag I am using...
zigzag 5 (610,5,3) White width 22
zigzag 4 (233,5,3) Crimson width 16
zigzag 3 (89,5,3) Lime width 10
zigzag 2 (34,5,3) Blue width 4
zigzag 1 (13,5,3) White dot
.......
All the best
Xard777
Xard777,
Excellent combination usage of Zigzag and Fibonacci Sequence.
and on zigzag I am using...
zigzag 5 (610,5,3) White width 22
zigzag 4 (233,5,3) Crimson width 16
zigzag 3 (89,5,3) Lime width 10
zigzag 2 (34,5,3) Blue width 4
zigzag 1 (13,5,3) White dot
I am also using Stochastic (5,3,3) signalmode 3 and waiting for the crossover before considering entering the market on a 30min chart.
I hope this helps in your search for a suitable strategy.
I made a feeble attempt to add E-mail alerts to the zigzag_levels indi. can anyone help. This ZigZag indi leaves small arrows when it repaints so you can back-test very easy. THIS WAS A 240 PIP GAIN!
interesting
Anybody Left
the two charts with the same indicators have different candles. Forget about the time frame and check out the candles.
Linear Mode
