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Price Action System/Indicator

  • #161
  • Jan 12, 2018 6:55am Jan 12, 2018 6:55am
Hey guys, I wanted to share a video that I created on how I am using the OGT Price Action indicator to trade pullbacks with the current trend. I am using the pin bar feature but can also be applied to engulfing.

Also a quick update on v1.2. My developer got busy with other projects and have had to hire a new developer. He is getting familiar with the code and looking to add in two new patterns for the latest version. I anticipate that would be ready at the end of January.

Inserted Video


Indicators used in the video:

OGT Price Action Indicator v1.1: Post 1 of this thread
Coloured Moving Averages: Attachment 4
Round Numbers indicator: https://www.mql5.com/en/market/product/20933
Never stop investing. Never stop improving. Never stop doing something new
  • #162
  • Jan 13, 2018 7:18am Jan 13, 2018 7:18am
Quoting zoheb01
Hey guys, I wanted to share a video that I created on how I am using the OGT Price Action indicator to trade pullbacks with the current trend. I am using the pin bar feature but can also be applied to engulfing. Also a quick update on v1.2. My developer got busy with other projects and have had to hire a new developer. He is getting familiar with the code and looking to add in two new patterns for the latest version. I anticipate that would be ready at the end of January. https://www.youtube.com/watch?v=ojVY3UOBqs4 Indicators used in...
Hello Zoheb and all fellow traders,

Could you advise your settings for indicator I left basic settings but it miss a lot of really nice signals but yours looks okay.

I would like to try it for backtesting

Thanks in advance
MH
  • #163
  • Jan 22, 2018 3:48am Jan 22, 2018 3:48am
Sneak Peak Into The OGT Price Action Indicator v1.2

Hey guys, I've created a quick video to share with you the latest version of the indicator. The video talks about the two new patterns as well as bug fixes and other visual changes. I am still testing the indicator and hope to release it in the next couple of weeks enjoy! Any questions/comments please let me know.

Inserted Video
Never stop investing. Never stop improving. Never stop doing something new
  • #164
  • Jan 22, 2018 3:51am Jan 22, 2018 3:51am
Quoting Mhons
{quote} Hello Zoheb and all fellow traders, Could you advise your settings for indicator I left basic settings but it miss a lot of really nice signals but yours looks okay. I would like to try it for backtesting Thanks in advance MH
Hi Mhons,

Thanks for your reply. It really depends on what type of trader you are (trend / counter trend) as the settings can be adjusted to suit all types of traders. For example with the Pin Bar room to the left setting, if I was counter trading I would have that number higher as it would be a greater chance of a reversal. Best advice is keep testing out different settings and see what works best for you. As always, I strongly recommend not taking signals the indicator gives you without using other confluence confirmations (e.g. support and resistance)
Never stop investing. Never stop improving. Never stop doing something new
  • #165
  • Jan 22, 2018 4:50pm Jan 22, 2018 4:50pm
Hi Zoheb
Another cracking video...lol
I like what you have done with the new indicators. Is it possible to get something in the IB indi, that delays the signal until there are "X" amount of IBs, (after the mother bar), so we would only get a signal if X amount of IBs are present.

I have still been trading the signals on the daily charts and setting TP at 8 pips, No losers yet...

Chris
  • #166
  • Jan 24, 2018 11:15pm Jan 24, 2018 11:15pm
Thank you. Very Interesting
  • #167
  • Jan 25, 2018 12:33am Jan 25, 2018 12:33am
Quoting cfudge
Hi Zoheb Another cracking video...lol I like what you have done with the new indicators. Is it possible to get something in the IB indi, that delays the signal until there are "X" amount of IBs, (after the mother bar), so we would only get a signal if X amount of IBs are present. I have still been trading the signals on the daily charts and setting TP at 8 pips, No losers yet... Chris
You trading Daily anything with tp 8 you wont get loser for a while until you get a big one.
Try any system on the daily with 8 pips tp.
  • #168
  • Jan 26, 2018 7:55am Jan 26, 2018 7:55am
EU daily
Attached Image (click to enlarge)
Click to Enlarge Name: OGT.jpg Size: 123 KB
  • #169
  • Jan 26, 2018 7:57am Jan 26, 2018 7:57am
I cant wait for the latest version indicator .... excellent work Zoheb (and contributors)
  • #170
  • Jan 26, 2018 11:06am Jan 26, 2018 11:06am
Quoting hibra68
{quote} You trading Daily anything with tp 8 you wont get loser for a while until you get a big one. Try any system on the daily with 8 pips tp.
Hi Hibra
Thanks for the concern. I have been trading these signals for several months now and haven't had a loser yet.
I totally understand and agree with you. However, with the way in which Zoheb has designed this indicator, with many ways to refine wjen a signal shows up, I feel that the signals generated, from my settings, are more likely to come off as I need them too.
I have done extensive backtesting visually on the several pairs I currently trade, I have omitted certain pairs because they did have losers. On the pairs I do trade I found 1 trade where price did not give 8 pips before turning, on GOLD, but after a few candles it did hit TP for me.

The idea of trading this way is to enter large positions and hit TP fast (1 to 2 candles), the trick is to have the position size correct for your account so if it did get away from you for several candles your account could handle the DD.

Chris

FOR YOUR AMUSEMENT HERE IS A CURRENT TRADE...
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad4hrloss.jpg Size: 49 KB
  • #171
  • Jan 29, 2018 11:13am Jan 29, 2018 11:13am
Hey Guys,

I have taken an episode of my trading journey to share with you a pin bar pull back trade using the OGT Price Action Indicator. Hope you like it. Any questions let me know.

Inserted Video
Never stop investing. Never stop improving. Never stop doing something new
  • #172
  • Jan 29, 2018 4:35pm Jan 29, 2018 4:35pm
Quoting cfudge
Hi Zoheb Another cracking video...lol I like what you have done with the new indicators. Is it possible to get something in the IB indi, that delays the signal until there are "X" amount of IBs, (after the mother bar), so we would only get a signal if X amount of IBs are present. I have still been trading the signals on the daily charts and setting TP at 8 pips, No losers yet... Chris
Will add it for the next version for sure!
Never stop investing. Never stop improving. Never stop doing something new
  • #173
  • Jan 29, 2018 4:36pm Jan 29, 2018 4:36pm
Quoting Rafaz1
I cant wait for the latest version indicator .... excellent work Zoheb (and contributors)
Thanks mate. Appreciate the support!
Never stop investing. Never stop improving. Never stop doing something new
  • #174
  • Feb 2, 2018 6:00am Feb 2, 2018 6:00am
Hi I am not to sure if I have missed the boat with regards to suggestions but just a couple;

1)If the indicator can be programmed not give a sell signal if a resistance is broken or a buy signal if a support is broken
2) If the indicator can be programmed that any signal on the main chart does not impede or hide full view of candles, i.e. the whole body and the wick should be visible, that would be great (hence signs/signals should be as distant from the candles and wicks so we can see them but equally the signs/signals can be clearly identified to the candle to which they relate.

Sorry if I have come late to the party or anyone feels I have gate crashed.

I feel the indicator is good as consumes next to none cpu (or increase file size) but some further algorithms could make it great to trade with.
  • #175
  • Feb 7, 2018 3:02am Feb 7, 2018 3:02am
I tested visually the whole year 2017 on 30 pairs for pin bars and engulfing on H4 and found the quality quite reliable. I simply counted signals on Bollinger band for entries and around 70% of the entries ended positive. With a bit more effort in respecting SR levels this number can even be increased. Many thanks to Zoheb for this nice indicator and I am really locking forward for the next version.
  • #176
  • Feb 7, 2018 3:21am Feb 7, 2018 3:21am
Sounds all good and positive.

Zoheb - When can we look forward to the latest version of this indicator?
  • #177
  • Feb 8, 2018 2:50pm Feb 8, 2018 2:50pm
Hey guys,

I am please to finally release the OGT Price Action Indicator v1.2.

This version includes two new price patterns (Inside Bar and Marubozu) and various bug fixes. Please see the tutorial below to learn about the new features.

As always, any questions please let me know.

Inserted Video


Attached File(s)
File Type: ex4 OGT Price Action Indicator.ex4   45 KB | 1,241 downloads


Thanks,
Zoheb.
Never stop investing. Never stop improving. Never stop doing something new
  • #178
  • Feb 13, 2018 4:57pm Feb 13, 2018 4:57pm
Thanks again Zoheb
Nice work here...I have installed it with my set file from the earlier version. I did notice one anomaly, USDJPY shows some extra Engulf but also removed some. Did not happen on other JPY pairs or other pairs that I saw.

Chris
  • #179
  • Mar 7, 2018 3:57am Mar 7, 2018 3:57am

Hello everyone,


I was hoping that someone could code the following indicator so that it automatically refreshes each day to give me the correct daily, weekly & monthly pivot levels.


Also if the size of the file can be reduced any further by clever coding would be great but is not more important than actually ensuring the indicator auto updates.


Attached File(s)
File Type: mq4 ZMFX_all_pivot_levels_v2.mq4   19 KB | 955 downloads


Thank you so much.

  • #180
  • Mar 8, 2018 7:31am Mar 8, 2018 7:31am
zoheb01 - Hope he is OK, not on FF since 3 weeks ago on Feb 14

Latest version was posted Feb 9

Have a great day all

PS - wish this was like some modern forum where you can quote someone name and they get a message about that
It takes a lot for me to IGNORE you, but you can try.
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