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(binned per thread starter’s request) FX Rogue Wave 6.0

  • #141
  • Oct 23, 2017 4:53pm Oct 23, 2017 4:53pm
In process of updating FX Rogue Wave to Metatrader Market. Once posted, I will update everyone.

Market version 6.5 includes

  1. Updated hard code to match back test results for Autotrade function for common pairs.
  2. Bug fix to Trailing Stop functionality.

  • #142
  • Edited 2:52pm Oct 24, 2017 2:41pm | Edited 2:52pm
Nice day of trading today. With the new indicators I added to my charts makes looking for high probability entries much easier when using FX Rogue Wave to scalp.

Using the guide lines of FX Rogue Wave along with the correlation of the support and resistance lines seem to improve the odds.


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https://www.myfxbook.com/members/FXScottyb/fx-rogue-wave-60/2241521

Some day I might even get good at reading charts and leave the martingale recovery behind. LOL
  • #143
  • Oct 24, 2017 3:15pm Oct 24, 2017 3:15pm
Quoting ForexScotty
Some day I might even get good at reading charts and leave the martingale recovery behind. LOL
with the manual start you may be already reading the charts
the answer maybe not black or white, but a shade of gray?!

myfxbook shows you are on the right track, doubled your account, with acceptable DD%...just look around and see how many cant show results like that?!
and on a real money account, not some toy money one.
there is always, always another trade!!
  • #144
  • Oct 24, 2017 3:17pm Oct 24, 2017 3:17pm
Quoting profitfarmer
{quote} with the manual start you may be already reading the charts the answer maybe not black or white, but a shade of gray?! myfxbook shows you are on the right track, doubled your account, with acceptable DD%...just look around and see how many cant show results like that?! and on a real money account, not some toy money one.
Thanks PF! I do believe that using it as a tool to manual trade and only having the targets, Stop Loss and martingale as a recovery when I cannot watch the charts is the most powerful portion of the EA design.
  • #145
  • Oct 24, 2017 3:28pm Oct 24, 2017 3:28pm
Does anyone think trade/instruction videos would be of value?

I have tossed around the idea, but don't want to invest the time if there is no interest.
  • #146
  • Oct 24, 2017 3:32pm Oct 24, 2017 3:32pm
Quoting ForexScotty
{quote} Thanks PF! I do believe that using it as a tool to manual trade and only having the targets, Stop Loss and martingale as a recovery when I cannot watch the charts is the most powerful portion of the EA design.
the martingale part cause a hang to many.
as long as limit the DD%, you size anything as you wish. and still trade quite safely.
there is always, always another trade!!
  • #147
  • Edited 4:06pm Oct 24, 2017 3:38pm | Edited 4:06pm
Quoting profitfarmer
{quote} the martingale part cause a hang to many. as long as limit the DD%, you size anything as you wish. and still trade quite safely.
Agreed - maybe if the trade setups with these indicators becomes consistant, something similar can be used to improve the auto trade functionality of the EA instead of simply using a daily time start.
  • #148
  • Oct 24, 2017 4:29pm Oct 24, 2017 4:29pm
Here is a setup I am watching now. But, I have not hit the start button yet.

The blue BUY entry line is above the recent day's high, but it is not higher than a recent resistance line. Why take a chance on a BUY entry being made, just to have it reverse on you.

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  • #149
  • Oct 24, 2017 5:57pm Oct 24, 2017 5:57pm
Now it is about an hour later and the blue BUY entry line is above the recent day's high, and higher than a recent resistance line. START button clicked and now we wait.

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If the LONG price action is strong enough to pass through yesterdays high AND a resistance line, and cross the LONG Entry point, it should profit.
If the current price action reverses off yesterdays high or resistance line and passes the SHORT entry point, it too should enter profit.
  • #150
  • Edited 8:09pm Oct 24, 2017 7:58pm | Edited 8:09pm
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Well, so far it looks like we reversed off yesterday's high and entered a SHORT when the red entry line was hit.
  • #151
  • Oct 25, 2017 9:19am Oct 25, 2017 9:19am
Quoting ForexScotty
In process of updating FX Rogue Wave to Metatrader Market. Once posted, I will update everyone. Market version 6.5 includes Updated hard code to match back test results for Autotrade function for common pairs. Bug fix to Trailing Stop functionality.
When to buy this version and what are the bugs in the previous version on TS, are you still using 100%?
I never lose - either I win or I learn...
  • #152
  • Oct 25, 2017 9:49am Oct 25, 2017 9:49am
Quoting jdva
{quote} When to buy this version and what are the bugs in the previous version on TS, are you still using 100%?
Version 6.5 is currently going through the MQL publishing process. Once complete, I will let everyone know. The bug was found in the trailing stop portion of the code. If set to 100% it would cause errors. It can be moved to 99% or less and be fine. But, elected to fix it.

I am using 95% myself and was able to gain a few extra pips on a strong break out.
  • #153
  • Oct 31, 2017 5:23pm Oct 31, 2017 5:23pm
Happy Halloween Everyone - stay safe!

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https://www.myfxbook.com/members/FXScottyb/fx-rogue-wave-60/2241521
  • #154
  • Oct 31, 2017 5:50pm Oct 31, 2017 5:50pm
One of the conditions that occur before a price movement is a period of calm. I found this FREE indicator on the Metatrader Market that can help with that.

https://www.mql5.com/en/market/product/10946

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When Gray, start looking for entry points with rules previously explained. Just testing, the eye is pretty good for seeing flat/calm periods, but never hurts to have a technical confirmation. Similar to the Alligator algorithm, the longer the period of calm, the larger the price movement, in theory.
  • #155
  • Edited 9:08am Nov 3, 2017 8:43am | Edited 9:08am
Quoting ForexScotty
{quote} Version 6.5 is currently going through the MQL publishing process. Once complete, I will let everyone know. The bug was found in the trailing stop portion of the code. If set to 100% it would cause errors. It can be moved to 99% or less and be fine. But, elected to fix it. I am using 95% myself and was able to gain a few extra pips on a strong break out.
MQL Market is taking forever to get 6.5 published. As I mentioned in a few threads, I thought it would be easier to post on the market as I do not want to spend time selling EA's when I wish to focus on trading.

6.4 is published. The only bug I have found is if the trailing stop set to 100% it would cause errors. It can be moved to 99% or less and be fine.

If 6.5 gets published that has the fix, I will let everyone know. But, if I keep getting the run around from the market place, I will just keep and use for myself and not bother with its sale. But, 6.4 will still be available. No need to take it down. For now, just do not set the Trailing Stop at 100%. Which in reality, you should not ever do as you can get the same result from not using the Trailing Stop at all.
  • #156
  • Edited 7:40pm Nov 3, 2017 6:32pm | Edited 7:40pm
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Not bad after 3 months. Maybe after 3-6 months more, maybe open a PAMM account. Subscribe and mark your calendars.

https://www.myfxbook.com/members/FXS...ave-60/2241521 (https://www.myfxbook.com/members/FXScottyb/fx-rogue-wave-60/2241521)
  • #157
  • Edited 5:13pm Nov 5, 2017 4:38pm | Edited 5:13pm
I have elected to not sell the FX Rogue Wave EA at this time. I have requested to remove it from the Metatrader Market. I am going to focus on trading and I can do that best by not having the distraction of being a seller of EA's. The signal account will remain open and I will eventually be opening PAMM accounts or something similar. When I do, I may post here.
  • #158
  • Nov 11, 2017 7:27am Nov 11, 2017 7:27am
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https://www.myfxbook.com/members/FXS...ave-60/2241521 (https://www.myfxbook.com/members/FXScottyb/fx-rogue-wave-60/2241521)
  • #159
  • Edited 3:56pm Nov 11, 2017 8:54am | Edited 3:56pm
Beginning testing on account getting ready for PAMM account that will open next year some time.

Uses custom start date for when I started trading FX Rogue Wave on this account.

https://www.myfxbook.com/members/FXScottyb/fx-rogue-wave-pamm-test/2317631
  • #160
  • Edited 10:39am Nov 11, 2017 9:20am | Edited 10:39am
In the meantime, those that like to copy signals. That is available now. I am happy so far with the results of using FX Rogue Wave to assist my manual trading style.

MQL Signals

https://www.mql5.com/en/signals/331362

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SignalStart Signals

http://www.signalstart.com/analysis/fx-rogue-wave/27271

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