How do I get the news filter to work properly? I've noticed that the news filter get's it's info from Forex Factory. I live in Australia. Is there something I need to set up like time zones or something with the Forex Factory web site?
Please add sound alert on this 123 pattern indicator 17 replies
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A classic 123 pattern indicator needs some modification 0 replies
DislikedGuys, lots of questions coming - which is good.
But please, read through posts 1, 2 and 3 of this thread. I didn't post all that material for shits and giggles. I posted that material so that you can learn the logic of how the EA trades. Please test the EA in the strategy tester visually and test your settings over at least a 6 month period (even a whole year) to learn how it works.
If you read these first 3 posts properly, you would see that this EA is recommended on the DAILY timeframe. You should only get 30-50...Ignored
Thanks a lot for your attention.
DislikedYes there are times when the zig zag does and doesn't work. Depends on the size of the zig zag and market conditions. A larger zig zag has more inertia behind it and will normally go into profit unless there is ranging... (this is where a reverse trade will work!)
I've tested a lot of currencies and there are currency pairs that consistently go against the zig zag so a trade in the opposite direction will go into profit and this will also allow for a smaller stop loss.
Talk more about this and the settings when the Opto 123 with reverse trade option...Ignored
DislikedNew features of Opto123 EA v1.3.
MaxOrders: Maximum allowed number of open orders of the same direction.
ReverseSignals: A long signal opens a short order and vice versa.
LongColour: Arrow colour of long orders and lines.
ShortColour: Arrow colour of short orders and lines.
Pip values should not be multiplied by 10 for 5 digits brokers.Ignored