TriCross signal indicator | Forex Factory

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TriCross signal indicator

  • #1
  • First Post: Edited 4:29am Dec 20, 2018 12:28am | Edited 4:29am
Hi All,

This indicator is intended to give signals, following trend with risk/reward ratio 1:3 and more. Having this, 50% profit probability will be just fine.
The indicator will work on any symbol and will give same results, regardless of chart time frame.
You will need the library HistoryProcess.ex4 in MQL4\Libraries folder.

Two screenshots on (mostly) ranging and trending markets and the indicator:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 43 KB
Click to Enlarge Name: USDCADH4.png Size: 72 KB
Attached File(s)
File Type: ex4 mq4b_TriCross_Indicator.ex4   39 KB | 929 downloads
File Type: ex4 HistoryProcess.ex4   21 KB | 579 downloads
  • #2
  • Dec 20, 2018 1:57am Dec 20, 2018 1:57am
Quoting stivborg
Hi All, This indicator is intended to give signals, following trend with risk/reward ratio 1:3 and more. Having this, 50% profit probability will be just fine. The indicator will work on any symbol and will give same results, regardless of chart time frame. Two screenshots on (mostly) ranging and trending markets and the indicator: {image} {image} {file}
Hello, it misses the library : HistoryProcess.ex4


Please give us, otherwise we can't load your indicator.

Thanks !
  • #3
  • Dec 20, 2018 2:29am Dec 20, 2018 2:29am
Quoting albert666
{quote} Hello, it misses the library : HistoryProcess.ex4 Please give us, otherwise we can't load your indicator. Thanks !
same here, It does not load on the chart.
  • #4
  • Dec 20, 2018 3:05am Dec 20, 2018 3:05am
Sorry, I forgot, these are not statically linked. Here is the library; put it in MQL4\Libraries, as usual.
Attached File(s)
File Type: ex4 HistoryProcess.ex4   21 KB | 547 downloads
  • #5
  • Dec 20, 2018 4:04am Dec 20, 2018 4:04am
High profit signal reveals today. One could estimate risk/reward ratio as high as 1:4 ...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1_2012.png Size: 50 KB
  • #6
  • Dec 20, 2018 4:44am Dec 20, 2018 4:44am
Thanks for sharing
I ran a visual backtest with the indi, but it didn't create a single signal
Attaching it to the same timeframe with historical data it is showing signals
Seeing HistoryProcess.ex4 makes me wonder, whether the indicator reacts to live feed or only processes the past
Could you explain that?
  • #7
  • Dec 20, 2018 5:32am Dec 20, 2018 5:32am
Quoting iwjw
Thanks for sharing I ran a visual backtest with the indi, but it didn't create a single signal Attaching it to the same timeframe with historical data it is showing signals Seeing HistoryProcess.ex4 makes me wonder, whether the indicator reacts to live feed or only processes the past Could you explain that?
Hi, indicator is live feed! It will process the new incoming data and give the respective signals. The indicator will not repaint.

The indicator uses data from multiple time frames to evaluate. The initialisation process checks out for data availability; if needed it forces Metatrader to download the required data from broker server. Further history data is processed and the indicator goes in live mode to evaluate incoming data. Unfortunately, this process is not compatible with Mteatrader history tester and backtest will not work. You could easy check the indicator correct evaluation by running it live and setting up one of the action slots to log the signals. Messages will appear in Experts log.
  • #8
  • Dec 20, 2018 6:02am Dec 20, 2018 6:02am
Thanks for the info
I'm currently running it on M1 to see a live signal
  • #9
  • Dec 20, 2018 6:09am Dec 20, 2018 6:09am
Quoting iwjw
Thanks for the info I'm currently running it on M1 to see a live signal
Many thanks for the interest

That thing is multiple time frame. The smallest time frame used is M15. However, signals will appear on any chart.

Best luck
  • #10
  • Dec 20, 2018 6:11am Dec 20, 2018 6:11am
Quoting iwjw
Thanks for the info I'm currently running it on M1 to see a live signal
the signal will be the same on any time frame
the developer cut out the tester for one reason which is to let you waste more time on this worthless indicator

stay safe, stay out the online gambling
  • #11
  • Dec 20, 2018 6:27am Dec 20, 2018 6:27am
Quoting dicojoxaftr
{quote} the signal will be the same on any time frame the developer cut out the tester for one reason which is to let you waste more time on this worthless indicator stay safe, stay out the online gambling
Ah, yes, the signal will be the same on all time frames! The developer put special effort to achieve this consistency. I stated this in my first post.
Ensuring enough data for correct evaluation is critically important and best testing is live, I think. So, I am OK.

And yes, stay away from gambling. Do this with quality and reliable tools that enable you to set up good parameters in your trading method.

best
  • #12
  • Dec 20, 2018 6:30am Dec 20, 2018 6:30am
Quoting stivborg
{quote} Ah, yes, the signal will be the same on all time frames! The developer put special effort to achieve this consistency. I stated this in my first post. Ensuring enough data for correct evaluation is critically important and best testing is live, I think. So, I am OK. And yes, stay away from gambling. Do this with quality and reliable tools that enable you to set up good parameters in your trading method. best
where's the consistency ?
  • #13
  • Dec 20, 2018 6:36am Dec 20, 2018 6:36am
Quoting dicojoxaftr
{quote} where's the consistency ?
I evaluate algorithm that uses data from Daily, H1 and M15 charts. It does not matter on what time frame the indicator is running - algorithm is the same and the results are the same. That is consistency.
  • #14
  • Dec 20, 2018 8:08am Dec 20, 2018 8:08am
Quoting stivborg
{quote} I evaluate algorithm that uses data from Daily, H1 and M15 charts. It does not matter on what time frame the indicator is running - algorithm is the same and the results are the same. That is consistency.
keep dreaming
i already take the strategy from the indicator and applied it into an ea and the result was consistently negative
  • #15
  • Dec 20, 2018 8:17am Dec 20, 2018 8:17am
Quoting dicojoxaftr
{quote} keep dreaming i already take the strategy from the indicator and applied it into an ea and the result was consistently negative
Ah, excellent. Do you have any more consistently negative expert advisers to attract my attention?
  • #16
  • Dec 20, 2018 8:20am Dec 20, 2018 8:20am
Quoting stivborg
{quote} Ah, excellent. Do you have any more consistently negative expert advisers to attract my attention?
a huge library of it, but i don't share! i just sell! specially the ones based on a repainting indicators like yours in here
  • #17
  • Dec 20, 2018 8:35am Dec 20, 2018 8:35am
Quoting dicojoxaftr
{quote} a huge library of it, but i don't share! i just sell! specially the ones based on a repainting indicators like yours in here
You produce and sell losing EA's??? What a strange business.

however

But why do you think this indicator is repaint? Feel free to prove it.
  • #18
  • Dec 20, 2018 9:10am Dec 20, 2018 9:10am
Almost 100 downloads for 8 hours! Thank you all guys for the interest, have good luck and wait more from me.
  • #19
  • Dec 20, 2018 12:19pm Dec 20, 2018 12:19pm
hi stivborg thanks for sharing. this indicator looks good to me. im up 100 pip today grrrrrrrrreat
  • #20
  • Dec 20, 2018 2:03pm Dec 20, 2018 2:03pm
Hello,

in my case, the indicator does not work on dax,dow
ok on forex

normal?
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