SimonJ,
I don't think that there is an MT4 EA in the making.
I don't think that there is an MT4 EA in the making.
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DislikedJohnny
Tried your programing on MM in UK coloured lines work great, Band width and trigger line work also but Sqeeze Trade entry / Exit has problems
A MACD THRESHOLD is not defined in Parameters. Previous Set to 2 in Parameters when added verifies ok. If put on GBP/USD no buys or sells show but on USD/JPY some buys and sells show using default parameters. Are there different parameters or program settings for each currency pair? Could you tell me which pair you tested your settings on then we can compare results.
Thanks for the programing
DavidIgnored
DislikedGCTrader,
how do you avoid the whipsawing in the indicator? I don;t see that in your indicators, whereas in MT4 sometimes it's the opposite signal that is given initially or only one candle of a false signal. Just check sundowners screen shot above. In the beginning of it there is false buy signal (second from the left).
Ignored
DislikedGCTrader,
how do you avoid the whipsawing in the indicator? I don;t see that in your indicators, whereas in MT4 sometimes it's the opposite signal that is given initially or only one candle of a false signal. Just check sundowners screen shot above. In the beginning of it there is false buy signal (second from the left). Your indicators look so clean...
Could you elaborate on that?Ignored
DislikedHi Jasius,
Unfortunately there is no real way that I know of yet that can enable you to avoid head fakes. There are a few that can avoid some of them such as not trading the signal given right before a substantial news event. On the 15min chart it can be sometimes traded but it is not for the faint heart. Even bollinger himself could not find a definitive answer for that question. Sound money management is definitely the true answer for this problem. As long as you are able to keep trading and have not blown your whole account then you can still get into those unreal winner...
GCTIgnored
DislikedBollinger did give an idea in his video. Put half a position on the original signal, if it continues that way, at least you haven't missed the signal completely. If it turns out to be a head fake, close that half (stop loss it out) and put a full position on the correct breakout direction.
He was talking about the daily stock charts though, need to apply that to shorter term forex. Lesson being, if you get tricked going the wrong direction, don't get all hurt, it is not forseeable, just close it and go the other way.Ignored
Disliked-30 stopped out on EURJPY last night.
On a 250 pip losing streak trading 1H EJ.Ignored
DislikedGCTrader
There was a signal on the EJ 1Hour last night. I have attached the picture for you to look at and tell me what you think. I drew a vertical line in black where yesterday's pivot point was, and circled in red the bandwith indicators contraction below the trigger for over 4 hours, and subsequent widening at the signal entry point.Ignored
DislikedThere definitely was an increase in bandwidth as stated but the squeeze wasn't tight enough to signal an entry. I think your trigger buffer level is set too high, what is it set at on the euroyen?
GCTIgnored