Thank you optojay and RR, EA is quite promising. But it is terrible slow
Is here (or somewhere) thread, where you discussed developement of this EA?
Is here (or somewhere) thread, where you discussed developement of this EA?
Pavel
Please add sound alert on this 123 pattern indicator 17 replies
What's wrong with 123 Pattern 25 replies
123 RH Pattern 5 replies
Opinion on 123 pattern 3 replies
A classic 123 pattern indicator needs some modification 0 replies
Disliked...
The 123 setup is most reliable on the daily timeframe and the MT4 ZigZag indicator appears to work best when set to (2,1,1). I have posted my set file in the zip. This set file wont work on all pairs try it on EU and UJ to start. ...
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DislikedOptojay,
Would you kindly supply the .set files for both 4-decimal and 5-decimal brokers to do the following:
When trade is opened:
Stop Loss = 24 pips
Take Profit = 24 pips
When 12 pips in profit:
Close 1/2 of the position.
For the other half of the position, reset stop loss = 12 pips (from the 12 pips already in profit), leave take profit = 24 pips (from original entry price), and let the trade ride to conclusion with no further modifications.
For example, buy 1.00 lots EUR/USD at 1.3470.
Stop loss = 1.3446
Take profit...Ignored
DislikedHello there Mr. Optojay,
your EA; Opto 123 is the best EA I have used and it's the EA I am using on my live account. Yeah sure I'm not using the standard time frame and the zig zag parameters need to be regularly adjusted. I am using Go Markets and I've noticed that at times the EA from this site closes trades before they hit the stop loss which is a worry. My computer is newly formatted and running perfectly.
Thank you Mr Optojay!Ignored
Dislikedis it possible to have riskier option to buy/sell at point 2..
as part of breakout strategy, when a certain level breaks, to act at point 2, when price retests the broken level as support/resistance..?????Ignored
DislikedHi, optojayoptojay:
How to open and use your set file? Howdoes the EA find the patter? Does it depend what time time you are using or it is built in by finding the patter on daily time frame? In other words, do you have to use daily chart to get correct patter?
Thanks.Ignored
DislikedIt would have to be coded, so the answer is 'YES' if you can specify it some one can code it.
I'd like to see the TakeProfit and StopLoss worked out from the Points 1, 2, and 3 then the TakeLoss and StopLoss parameters used as a precentage factor on these. Don't know if it will make it better but it woukld be nice to try.
I'm sure the gap betwean 1,2 and 2,3 should be able to tell you something about the reletive strength of the pattern but I'm not sure what yet. Also using points 1, 2 and 3 to work out StopLoss and TakeProfit are more likly...Ignored
DislikedGuys & Gals,
I still believe the 123 setup does have an edge, but there has to be more input than just simply a swing low, then a swing high, then a higher low, and then a higher high for a long entry (and of course opposite for a short entry).
I think one of the better ideas are incoporating trendline bounces and support&resistance bounces and targets. If anyone is knowledgeable in this area, please contact me.
If you have ideas, send me a PM/email after you have paper traded your idea.
Thanks,
OptojayIgnored