Actually, not that bad. We see nice trend signals. We see enough potential to go safe on ranges.
Here is pseudo code:
Inserted Code
program
block `Forexcast crosses
validation trigger
long H1 JoeChalhoub_FXForecasterV1_3 cross up JoeChalhoub_FXForecasterV1_4
short H1 JoeChalhoub_FXForecasterV1_3 cross down JoeChalhoub_FXForecasterV1_4
invalidation trigger
long H1 JoeChalhoub_FXForecasterV1_3 cross down JoeChalhoub_FXForecasterV1_4
short H1 JoeChalhoub_FXForecasterV1_3 cross up JoeChalhoub_FXForecasterV1_4
program validation trigger
long M30 JoeChalhoub_FXForecasterV1_3 turn up
short M30 JoeChalhoub_FXForecasterV1_3 turn down
and the generated indicator with slightly modified version of the forecaster:
Heres my system i've been demoing. check it out. First let me explain with this indicator. If you notice the entry lines they are always the first small histogram bar that appears below or above the center point. above is a buy signal. below is a sell signal. if you look majority of the time these trades go into profit and usually big profit. also on the exits it is usually a small loss compared to the huge wins.I only trade on the 1 and 4 hour time frames with this system. you either exit on clean pure price action reversal candles or you exit...
Ignored
Hi;
I'm using the indicator but I'm having a hard time with paramethers. When I select draw divergency lines MT4 get frozen and Display Alert doesn work either, even more there are several paramethers I dont have idea what they are. Do you have idea what may be happening? May you explain about paramethers Mode_fast, Signal?
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Joined Apr 2019
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Status: Junior Member
|2 Posts
im currently using this on the m5, it kinda sucks that it repaints the signals exits but I have found a way to trade using specific entries and exits, mainly where both colors intersect.
{quote} ... When I select draw divergency lines MT4 get frozen and Display Alert doesn work either, even more there are several paramethers I dont have idea what they are. Do you have idea what may be happening? May you explain about paramethers Mode_fast, Signal? Thanks
Ignored
The original indi code is incomplete, sort of work-in-progress, particularly Alerts, setting Signals, Divergence drawing/signals etc.
'Mode_fast' limits the indi to read only the last 100 candles - in backtest, this will start printing only after first 100 candles passed.
'Signals' only prints 'EXIT @ price' labels.
In general, this is an indi with interesting behaviour.
It calculates Fisher Transform of O/H/L/C prices - selection 0...7 in settings (below I made it to draw Fisher lines and histogram).
You may notice that it sometimes shows the forecast ;-) - earlier than the two MA crosses.
MA1 - 9 and MA2 - 45 are MA's of that fisher transform for stated periods.
OsMA is not really OsMA here and settings for it are not used, it's the Fisher price oscillation above and below zero.
The original threshold 0.25 of the Fisher price above and below zero was used for entry, I suppose.
In Fast mode (100 candles) the Fisher lines repaint like hell, - not so much its histogram. Therefore calling the indicator buffer from EA is useless, I suppose. To use it in EA, I have added global variables 'fxb' for buy=1/0 and 'fxs' for sell=1/0 on thresholds.
Will try it for scalping.
p.s.: There seems to be a flawed logic on exit buy/sell - correct me if i'm wrong. I have changed that and the label (now XL is for EXIT LONG and XS is for EXIT SHORT) and re-uploaded the indi.
p.p.s: Nah, this is difficult to follow on M5, comparing to e.g. THV Trix, so can't use it for scalping, only as a heads-up indicator...
