Thanks BigBear for sharing this simple system. Though, the repainting of the arrow should be tackled because if an EA will be coded, it will undermine its performance.

Walterw you can try the attached zig-zag indicator.I think this one update correct and it has an alert also.

Attached Files

Z-Z1.mq4 (4.8 KB, 925 views)

Thanks user for this indicator... I am forward testing it as I write to you... would you say this one does not disapear nor move ? what you see is on historical data is what you get on real time ? thanks Walter.

Do you have any info on the settings for the Z-Z1 indicator?

OK so far, forward testing Z-Z1, it does disapear on swing against the dot lol ... on the case of the zig zag pointer it needs some range against him to disapear but yes it also disapears..

Now so far Bigbears aproach as explained by him with his rules do perform very nice ... I would also take some consideration into Mr Schoe inputs on how to manage the trade (post 38) wich would make the sistem even more profitable if stops are taken to breakeven after certain pip performance... very nice stuff here it really merits attention... cheers Walter.

Try this one, it will also repaint but seems a lot better on higher tfs.

What might be a better entry on the dot is to wait for the break of the opposite side of the candle the dot is on. if dot is below wait for price to break the high of that candle. That way if price continues in the current trend direction and the dot is later moved you wont get caught on the wrong side of the trade. "The trend is your freind"

Braintrend also has one of these type indicators.

Attached Files

SHI_SilverTrendSig.mq4 (3.7 KB, 509 views)

You can use Swiss Army EA to move your stops to b/e even if no magic number involved/manually trading. The programmer is a super guy and because Swiss Army will work in conjunction with other Ea's that might be missing certain features, I would HIGHLY suggest you send the programmer some cashola via Paypal. I donated $20 the other day to him for his efforts.
People here certainly don't have to do certain things and the fact that they do a lot of this for the good of many, they should be rewarded.
Swiss Army is attached, settings pretty much self explanatory.

Swiss Army Ea is available elsewhere on the web, but is also attached.

Attached Files

Swiss Army EA v1.51.ex4 (28.5 KB, 573 views)

are there any recommended preset for swiss army ea?
which pairs is it best on?

Thanks droesparky... I will test this one too, I imagine we can obviuosly expect the same... but it is a good input to take the swing of the oposite extreme of the bar and adjust stops to break even, if the signal is "the one" you get in pretty early and the RRR on this trades as the ones Bigbear is showing is prety good... cheers Walter.

hey Yan7181,

It will repaint, resulting in a stoploss. Or it wont resulting in a win.

Thats it at it simplist.

Bear-