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  #451 (permalink)  
Old 08-22-2007, 02:18 PM
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cannot see indicator

Quote:
Originally Posted by bigbear3391 View Post
Hey All,

I was trying to get help making an EA out of this & it was suggested that I post it here so people will get comfy with it.

Before I get into it I have a few things to say.....

Yes you will lose.

But with proper money management & practice you can do pretty good.

All the tools needed are available for download. This system only works on MT4 brokers.

Heres how it works.

On a 1 hour (aggressive) or a 4 hour (optimal) chart, place the ZIGZAG POINTER & NON LAGGING ZIGZAG indicator with the inputs supplied, on a candle chart with period separators.

This is a 4 HR chart:


This is a 1 HR chart:


How To Enter 4 Hour Chart

When you see an arrow & the Zig-Zag Line, go in that direction. Place your stop according to your risk appetite. I use at 60 on a 4 HR & 20 on a 1 HR depending on which pair you use (I use the EUR/JPY or GBP/JPY 1hr or 4 hr) & your risk appetite, you can set your goals. Your trade will go until you hit your goal or the next bounce with an Arrow.

If you dont see a new arrow yet, this trade MIGHT not be done. You have 2 options.

1)You can get out & wait for the next arrow.
2)You can adjust your stop to capture some pips & ride it out.

The reason I say that is because I have noticed that more than a few times the trend will bounce & retrace for a while, then continue. I have used the bounce as stop & a chance to add to my positions.

A few points are if the overall trend is long & you see a short signal, chances are its a small retrace so it is more risky. However its a good chance for a quick profit.

How To Enter 1 Hour Chart

If you choose to use a 1 hr chart I recommend that you get out at each bounce or your specified targets.

This is a serious trading system. I have been scoffed at about this but I have been using it.

If you have the time I think you should demo it.

Before I forget, yes the arrows move. If a new high/low is established, the arrow will move to the next PROBABLE reverse point. So backtesting is useless. Only forward testing applies & thats why I know it works.

Constructive comments & suggestings are welcome.

Thank you for your time

Bear-
hi big bear
i am new for your thread n try to follow it, but i have a little problem, the indicator wont show up, could u post it again, big thanks to u
regards
awan
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  #452 (permalink)  
Old 08-22-2007, 02:26 PM
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Hi mpower,

From your pictures entry when:

Entry:

We have normal signal (arrow+nonlagzigzag)
We have 1 white HA
Fx sniper MA turned to orange.

EA will enter on the second white candle open? Or with the first white candle from HA?


Exit: after 30 points trail. I did not understoond how would the trail work?
In the picture i've seen some retraces but how to identify the retrace low/high with fx sniper MA and HA?

When HA and Fx MA turn agains you is what you wanted to show?

Thanks, Victor

Last edited by zmax; 08-22-2007 at 02:34 PM.
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  #453 (permalink)  
Old 08-22-2007, 02:51 PM
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Quote:
Originally Posted by zmax View Post
Hi mpower,

From your pictures entry when:

Entry:

We have normal signal (arrow+nonlagzigzag)
We have 1 white HA
Fx sniper MA turned to orange.

EA will enter on the second white candle open? Or with the first white candle from HA?


Exit: after 30 points trail. I did not understoond how would the trail work?
In the picture i've seen some retraces but how to identify the retrace low/high with fx sniper MA and HA?

Thanks, Victor
Victor,
Thanks for your co-operation. The rules:
1. We have a normal signal arrow+zigzag
2. We have a closed white candle for long/red candle for short(if you want you can use fxsniper's ma, it is not necessary because the signal will be similar in timing, but if you want to use as additional confirmation the color must be gold for long--золотой цвет/green color for short--зеленый цвет) So, the EA will enter on the second white candle open for long. The ea will open 2 lots.
3. The ea will set the stop at the arrow, the bottom for a long trade.
4. If profit is more than 30 pips, and we have a red HA(assuming we are long), on the second red HA open ea exits 1 lot, and moves stop loss to break even for the second lot.
5. The ea will exit the second lot and take profit at the close of the candle where we get an opposite signal(short in our example) arrow+zigzag. That's it let me know if you have any questions. Will be glad to help.

Regards,
Stanislav.
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  #454 (permalink)  
Old 08-22-2007, 03:12 PM
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If you can make an ea with the above rules, I will run it on gbp/jpy in visual mode. Just curious to see how it would've done on that huge upmove of over 1500 pips. If the ea can withstand that with minimal losses, it will most likely withstand anything
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  #455 (permalink)  
Old 08-22-2007, 04:32 PM
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yes finally eur/usd breaking upward
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  #456 (permalink)  
Old 08-22-2007, 05:05 PM
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Thumbs up The Original Indicators

Attached are the original indicators Awan22 requested.
Attached Files
File Type: mq4 NonLagZigZag_v2.mq4 (5.7 KB, 144 views)
File Type: mq4 ZigZag Pointer.mq4 (4.2 KB, 151 views)
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  #457 (permalink)  
Old 08-22-2007, 06:13 PM
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First Post

Bear,

Thank you very much for this strategy. Most effective and simple. I was wondering if anyone was able to put an alert on the zigzagpointer for emailing or SMS? I would think this would be very helpful.

Thanks,

Colin
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  #458 (permalink)  
Old 08-22-2007, 07:03 PM
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Quote:
Originally Posted by forex11 View Post
here is my chart.
Hi there can you tell us what is your settings on the MA. Looks like very nice filter for such a system.

thx
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  #459 (permalink)  
Old 08-22-2007, 08:01 PM
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Cool moving averages

hi hexidecimal, the moving averages are a 5ema/close and a 12ema/close.

I use them for once I am in a trade they help me see how strong a trend could be.the wider apart they are it always seems to be a strong trend. but I don't use them for entry,s.

Last edited by forex11; 08-22-2007 at 08:02 PM. Reason: mispelled word
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  #460 (permalink)  
Old 08-22-2007, 08:23 PM
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Hi mpower,others


I uploaded here another version of boncingPip using the entry you've shown me. Let me tell you how it works now:

Entry if:
- normal signal (zigzag pointer + nonlagzigzag)
- HA goes in the indicated direction in one of the next "WaitHA" bars. WaitHA is a parameter you can set when testing the EA.
If let's say i set it to 4 than the entry will be if:
normal signal, and in the 4 next bars from the normal signal we have one single bar that is colored by Heineken Ashi indicator the way we want it.Up if the normal signal was up and down if normal signal was down. Hope you understood if not please let me know .

-The stop loss is set when entering to low/high + spread at that moment +1*Pip of the bar with the arrow. So if the prices hits the high/low of the bar with the arrow the transaction will not be stoped.

-Tp is fixed now to whatever you set it from the tester.

I'm uploading this version for you to test it, and to see if the entry is the right one now, or should we add other indicators or other tings to filter it. Please check and let me know what you think.
I received on e-mail another good ideea from Sally Li and i will try to implement it. It uses zig_zagy indicator that seemed to repaint a little less than zigzag_pointer but you get only a fiew entrys in the same period of time.

Ok, please let me know what you think and what should i do further to improove it.

Thanks, Victor
Attached Files
File Type: mq4 bouncingPipEA_mpower.mq4 (4.3 KB, 381 views)
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