Anyone got a non-painting version of the zig zag arrow indicator they can post? thank you in advance :-]
All zig-zag indicators repaint with new higher highs or new lower lows, in my opinion is no useful that indicator or the concept at least
So its my first shot using this strategy, as well as input from the thread.
AUDJPY - Sell
SL - 75.450
TP - 74.900 - About 30 Pips, will monitor and may take 25 Pips
First i would like to thank you for this strategy.
I'm still using the old SDTR 1.25, the one with SR indicator, created by erwin-beckers
I'm testing now with :
SR indi set to 75, distance from SR set to 0
I've put the Weekly pivot indi on the chart
Instead of MBFX, i'm testing with Blau's SMI or TVI (same thing) which sort of "volume" indicator, instead of using OB/OS indies.
As a valid signal i'm waiting for :
1. Price hits or creates a SR
2. There's a weekly or daily pivot around
3. Price returns breaks MA of 7
4. SMI is divergent on H1 and M30
yes i have 2 charts, one on H1 with weekly pivot and one on M30 with Daily Pivots
Still have no idea what AGE is . I've put
"minsBetween2TradesOnSamePair" = 30,
allow Reentries,SignalInvalidAfter = 12,
SignalInvalidAfterPips = 1000
Changed the ZZ to 5 - 1- 3,
news filter off,
MBFX Length = 3 and filter 1 (no idea what that does) i'm trying to get rid of mbfx
TrendLine = 3, period 5, (trying to get rid of this 2)
SR Settigs > Bars history = 75 and SR Details = Maximum
MA = 7
This strategy works, and the EA can work well if used as a semi-auto basis, for me at least. I'm primarily using it as a scanner, but for now I'm also testing automatic trades.
I close the winning trades manually (and not get too greedy), and watch the ones in drawdown closely.
Trades taken (1/2 alerted by EA in scanner mode, and 1/2 EA automatic trades) and closed in the last 24 hours.
nice trade first to say! Thanks for sharing.
one question: is the ZigZag Arrow repainting?
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