Buy Sell Arrow Indicator Based on Individual Currency Strength | Forex Factory

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Attachments: Buy Sell Arrow Indicator Based on Individual Currency Strength
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Buy Sell Arrow Indicator Based on Individual Currency Strength

  • #1
  • First Post: Edited May 21, 2019 7:15am Mar 21, 2019 7:00am | Edited May 21, 2019 7:15am
Hello there,


Use this system for trade with trend. Use trend follow system like EMA's or trendlines. Trading volatile pairs will give good results.
Try it and post your feedback.

Post your questions.. will try to answer

i had included include file and indicator file.


How to use this indicator:

try with different value from inputs. default value is 50. my suggestion m5=50 or 200 / m15=17 or 67 / h1=4 or 17 / daily=5

place buystop few pips above the last candle high where buy arrow appears and vice versa for sell setup
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 121 KB
Click to Enlarge Name: Screenshot1.png Size: 125 KB
Click to Enlarge Name: Screenshot3.png Size: 123 KB
Attached File(s)
File Type: mqh SupportInterface.mqh   1 KB | 2,133 downloads
File Type: ex4 BuySell Arrow FxHunter.ex4   24 KB | 2,969 downloads | Uploaded May 21, 2019 7:15am
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #2
  • Mar 21, 2019 7:27am Mar 21, 2019 7:27am
Will update some basic guideline for trade entries here
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #3
  • Mar 21, 2019 7:49am Mar 21, 2019 7:49am
Herewith i had attached the GU chart and removed other indicators... GBP pairs high voatile. so when buy or sell arrow appears on last candle then pace your buystop or sellstop orders above high or low of that last candle and add spread+2 pips. Place your sl below or above high or low recent swing high or low
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 130 KB
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #4
  • Mar 21, 2019 8:56am Mar 21, 2019 8:56am
Could you please explain exactly how this arrow indicator works? Im always sceptical about arrow style indicators unless I know exactly whats happening under the hood.
Nothing in life is to be feared, it is only to be understood.
  • #5
  • Mar 21, 2019 9:05am Mar 21, 2019 9:05am
Quoting matthew89
Could you please explain exactly how this arrow indicator works? Im always sceptical about arrow style indicators unless I know exactly whats happening under the hood.
the indicator based on each individual currency strength.when gbp moving up and crosses some number like 50 and usd moving down and crosses down 50 then buy signal will appear and vice versa.. i will update the thread with rules.as of now i dont have any clear set of rules for exiting a trade..so working on it



i am not coded it and i hired one coded to do it for me.. l
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #6
  • Mar 21, 2019 8:09pm Mar 21, 2019 8:09pm
Hi Viji,
the powerindi.rar is corrupt. Not able to extract.
  • #7
  • Mar 21, 2019 9:35pm Mar 21, 2019 9:35pm
Hi _ I tried two different unrar tools but same as Sibjac, could not open rar file. Please repost and maybe advise what you have rar'd it with.
  • #8
  • Mar 21, 2019 10:18pm Mar 21, 2019 10:18pm
Quoting sibjac
Hi Viji, the powerindi.rar is corrupt. Not able to extract.
ok i had attached the indicator and include file seperately
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #9
  • Mar 21, 2019 10:18pm Mar 21, 2019 10:18pm
Quoting AltosTrader
Hi _ I tried two different unrar tools but same as Sibjac, could not open rar file. Please repost and maybe advise what you have rar'd it with.
ok i had updated the file in the first post
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #10
  • Mar 21, 2019 11:28pm Mar 21, 2019 11:28pm
Quoting vijiragavan
{quote} ok i had updated the file in the first post
Hi,
Thank you Viji, works charm, just a little hitch, it takes a lot of system resources initially.
  • #11
  • Mar 21, 2019 11:52pm Mar 21, 2019 11:52pm
Quoting sibjac
{quote} Hi, Thank you Viji, works charm, just a little hitch, it takes a lot of system resources initially.
huh ok.. then reduce the date in settings.. set it to this month which reduces history bars..so wont take much resource i think
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #12
  • Mar 22, 2019 1:31am Mar 22, 2019 1:31am
Does the signal ever repaint on a 30m Chart. Thanks and
Regards
  • #13
  • Mar 22, 2019 1:47am Mar 22, 2019 1:47am
Quoting goodways100
Does the signal ever repaint on a 30m Chart. Thanks and Regards
no it wont repaint
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #14
  • Apr 25, 2019 10:09am Apr 25, 2019 10:09am
Quoting vijiragavan
{quote} no it wont repaint
alert appeared , copy expired . contact owner
  • #15
  • Apr 30, 2019 7:34pm Apr 30, 2019 7:34pm
Quoting razaali
{quote} alert appeared , copy expired . contact owner

oops sorry.. yes i added expired.. will update indi.. i am still testing it
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #16
  • May 1, 2019 9:00am May 1, 2019 9:00am
Quoting vijiragavan
{quote} oops sorry.. yes i added expired.. will update indi.. i am still testing it
kindly update it
  • #17
  • May 2, 2019 4:02am May 2, 2019 4:02am
Quoting razaali
{quote} kindly update it
i updated it.. i always add expiry.. if anyone uses it kindly post feedback or any suggestion...will update this indi whenever it expires
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #18
  • May 2, 2019 3:04pm May 2, 2019 3:04pm
Quoting vijiragavan
{quote} i updated it.. i always add expiry.. if anyone uses it kindly post feedback or any suggestion...will update this indi whenever it expires
thanks for updating.
what i notice , its only work on forex. when ever i loaded on indices like dow or ger30 , indicator vanished . why its happened?
  • #19
  • May 2, 2019 9:05pm May 2, 2019 9:05pm
Quoting razaali
{quote} thanks for updating. what i notice , its only work on forex. when ever i loaded on indices like dow or ger30 , indicator vanished . why its happened?
i mentioned it's based on currency strength.so it will only work on currencies
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #20
  • May 12, 2019 8:05pm May 12, 2019 8:05pm
hi admin, i noticed your indicator has expired and can no longer used on mt4. so how to reactivate it?it mentioned i need to contact vendors= you?
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