The trade worked good so far. Will take partly profits at around 2R if it will be reached 
FREE Double Top/Bottom Indicator - Very Good Edge
- #102
- Dec 18, 2017 11:42am Dec 18, 2017 11:42am
Was shopping with my wife and my daughter. Came back and saw that my targets were hit. Overall result around 2.5R. Maximum move was 3R. I try to avoid holding over night. Therefore I usually set my targets tight.
- #107
- Dec 19, 2017 8:59am Dec 19, 2017 8:59am
Hi Scotty,
thank you for your input regarding your EA and I wish you great success with it.
But I want to make clear that I don't advocate using these double top/bottom signals blindly in an ExpertAdvisor. Beginning from my fist posts within this thread I advocate visual filtering of the signals to select the best ones.
I have written too many completely automated EAs. I don't do that anymore because EAs can't recognize the bigger picture. The human brain can do that.
I trade some of my systems with EAs. But I use EAs always only as an executor of my trading ideas (semi-automatic):
With such approaches I have great results since years. The following picture shows the results after one month of trading with a new system which I will release in January. This system uses the semi-automatic approach:
That being said, I distance myself from any results of any EA which will be programmed based on the FREE Double Top/Bottom Indicator
thank you for your input regarding your EA and I wish you great success with it.
But I want to make clear that I don't advocate using these double top/bottom signals blindly in an ExpertAdvisor. Beginning from my fist posts within this thread I advocate visual filtering of the signals to select the best ones.
I have written too many completely automated EAs. I don't do that anymore because EAs can't recognize the bigger picture. The human brain can do that.
I trade some of my systems with EAs. But I use EAs always only as an executor of my trading ideas (semi-automatic):
Inserted Code
Visually detected setup -> EA gets activated to execute this single setup
With such approaches I have great results since years. The following picture shows the results after one month of trading with a new system which I will release in January. This system uses the semi-automatic approach:
That being said, I distance myself from any results of any EA which will be programmed based on the FREE Double Top/Bottom Indicator
- #109
- Dec 19, 2017 9:21am Dec 19, 2017 9:21am
Thank you FX-Mike! I only post the EA to lend credibility to the value of your indicator. The EA itself does not use the indicator, but I would like to use the indicator to choose when to manually start the EA. I also use overall chart geography to determine valid starting points, but it is nice to have an indicator that alerts during TOP/Bottom ranges and then use the brain we were given to validate that alert.
- #110
- Dec 19, 2017 9:29am Dec 19, 2017 9:29am
hey Mike, saw this on another site, wondering if this kind of panel would be possible in future versions of your indicator? {image}
the Double Top/Bottom Alerter has exactly that tabular view:
The alerter shows an "L" or "S" in the appropriate row/column when a signal is produced and it can give alerts via MT4, E-Mail and Push-Notifications in real-time.
