Was testing the Hullslope indicator for all pairs and it seems 4H Time Frame also seems to do well but with lesser signals and greater accuracy to save spread pips while trading frequently on a ranging market in lower time frames.
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DislikedIs anyone else testing hullslope and trend reversals indicators ?Ignored
DislikedIn the "4H Box Breakout" thread I just posted an indicator to test the potential of the Box Breakouts.
(I don't know how the indicator works with real prices.)
The indicator take automatic the upper time frame:
- lower or equal H1 -> daily
- equal H4 -> weekly
- equal D1 -> monthly
- In the middle of the start bar is drawn an area with the height = 1 ATR, and three lines with the distance 1 ATR.
- Signal arrows are drawn only if the open is located between the high and low of the area, and the close crosses one of this lines.
.Ignored
DislikedI had a brief look but not a full testing due to time.
What are you finding?Ignored
DislikedYeah. I'm testing them. I love the hullslope indicator, I which there could be an email alert with it. Also, another powerful indicator is the BoxBreakout (testing the V1) indicator, the only problem is, the indicator need some kind of signal to alert you when there is change in direction/reversal or when to get out of the trade - the trend reversal signal indicator was able to perform this function. I'm still going to test for some time more.Ignored
DislikedI was testing this indicator yesterday and I saw it has a lot of potential. One thing i'm not too clear about is, in your statement:
The indicator take automatic the upper time frame:
- lower or equal H1 -> daily
- equal H4 -> weekly
- equal D1 -> monthly
Does it mean the indicator checks the upper TF for signals - i mean if placed on a H4 TF, it confirms signals from Daily and weekly? right?.Ignored
The BoxBreakout system seems to me to be successful, and I want to write slowely an EA.
- My broker don't accept on live accounts stop orders, and therefore I must send market orders (your hidden orders).
Few observations and system ideas:
- It is indifferent if you take the Hilo form the first bar, or the ATR.
It is better to take the ATR, because you haven't problems with verry long or verry short bars.
- Not the buffer above/below the breakout zone is important to avoid false signals. (You must read the ACD System from Mark Fisher to understand this.)
The solution is to wait until the prices remains a fixed period above/below the Box. Fisher recomand 1/2 of the first bar period, e.g. for 4 hour bars, wait 2 hours. But I think that 1 hour is enough.
- As an additional filter is good to use the HullSlope indicator.
OK, this are not rules for set and forget, but for an EA is not a problem.
- Take maximum two trades in the upper period (for H4 bars, two trades per week).
- Entry with 4 lot units.
On TP1, TP2, TP3 sell 1 lot, and the last lot at the end of the week or at a SL.
Fo all lots:
- After reaching TP1, set break even 2 points.
- After reaching TP3, set SL on TP1
- After reaching TP4 (entry + 4*ATR), set SL on TP2, etc. like a trailing stop.
(With this rules I calculated for GBPJPY in the last two months approximately 600 points per week.)
- Ashe's rule to take profits on the 3-th level is for me to static.
Disliked@ayoneeyee
In the next period I will have very little time for forex programming. I have been working on a completely different program, and now I have to respect deadlines...
The BoxBreakout system seems to me to be successful, and I want to write slowely an EA.
- My broker don't accept on live accounts stop orders, and therefore I must send market orders (your hidden orders).
[left]Few observations and system ideas:
- It is indifferent if you take the Hilo form the first bar, or the ATR.
It...Ignored
DislikedGreat concept for an EA, Swingman, I support this idea.
Thank you!
One more observation - the email alert in 4H Box Breakout v2 is not working.
You are right, I forgot to install the alerts
I missed the breakout of GY,EJ,and AJ on the H1 chart for daily trading
No problem, please send me your account data, and I replace you the unrealized profit from my profit!Ignored
DislikedHere the new version: BoxBreakout Signals_v3 with alerts.
Please test the alerts, because at this time all my trades make big pips, and they aren't new signals...Ignored
DislikedIn the "4H Box Breakout" thread I just posted an indicator to test the potential of the Box Breakouts.
(I don't know how the indicator works with real prices.)
The indicator take automatic the upper time frame:
- lower or equal H1 -> daily
- equal H4 -> weekly
- equal D1 -> monthly
- In the middle of the start bar is drawn an area with the height = 1 ATR, and three lines with the distance 1 ATR.
- Signal arrows are drawn only if the open is located between the high and low of the area, and the close crosses one of this lines.
.Ignored