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  • #61
  • Apr 17, 2019 9:26am Apr 17, 2019 9:26am
Quoting cfudge
In your last chart was the red arrow and dot before the circled arrow and dot a loser?
Yeah, I picked that extreme example to show what "can" happen after consolidation with zigzag and wrong signals.

We will get wrong signals, just like any EA or indi shows, if the market doesn`t move, it doesn`t move.

But when setting is right (falling dot with arrow in that case) chances are very high to get in a trade before the breakout of that mess in the pic.
After the breakout the original idea of the indicator grips.

Attached Image (click to enlarge)
Click to Enlarge Name: con example 4.png Size: 78 KB


...should have illustrate the relation between the lower red dot with arrow after the circled one better, sorry. But I guess people can identify what I mean.
  • #62
  • Apr 17, 2019 9:52am Apr 17, 2019 9:52am
Same chart today.

Just to illustrate at least 10 pip winners and the losers if "falling and rising dots with arrows" are the EA rule.

Of course multiple trades can add up like the original idea was meant.

As IceRice said, we have to put together best possible rules, so any idea is welcome.

Attached Image (click to enlarge)
Click to Enlarge Name: con example 5.png Size: 57 KB
  • #63
  • Apr 17, 2019 10:54am Apr 17, 2019 10:54am
I'm programming EA with above rules but I have busy time now and some problems with health. I hope to publish first version of the EA till the end of this week.
  • #64
  • Apr 17, 2019 1:15pm Apr 17, 2019 1:15pm
Quoting IceRice
I'm programming EA with above rules but I have busy time now and some problems with health. I hope to publish first version of the EA till the end of this week.
Take your time IceRice,

health comes first !


This is gonna be a more difficult job as we thought, because market acts most of the time like those 7 m high plastic dolls flipping around in front of
a supermarket.

You will need all of your mental power, so take a rest, relax and come back when you feel better. We will get rich by a robot soon enough.
  • #65
  • Apr 17, 2019 2:41pm Apr 17, 2019 2:41pm
Quoting wolf300
{quote} Take your time IceRice, health comes first ! This is gonna be a more difficult job as we thought, because market acts most of the time like those 7 m high plastic dolls flipping around in front of a supermarket. You will need all of your mental power, so take a rest, relax and come back when you feel better. We will get rich by a robot soon enough.
Wolf300,

Still have to complete reading the thread, but want to say You have a great attitude and enthusiasm...

Thanks
  • #66
  • Apr 17, 2019 3:05pm Apr 17, 2019 3:05pm
Well done Ice & Wolf. You guys make it look & sound so easy. Fun to watch this developing although I can't be much help.
Look after yourself Ice - hope you have a speedy recovery mate.
  • #67
  • Apr 17, 2019 3:07pm Apr 17, 2019 3:07pm
I’m grateful to have you developing this
  • #68
  • Apr 17, 2019 3:20pm Apr 17, 2019 3:20pm
Quoting aaven
{quote} Wolf300, Still have to complete reading the thread, but want to say You have a great attitude and enthusiasm... Thanks
Thank you very much aaven

please keep comming back, we will rock you... I mean .... we will finish what we started and hopefully many FF members will profit from the PA indi and or EA.

Hopefully IceRice will be ok soon, because he is the one who is doing the coding and he is a enthusiast too.
  • #69
  • Apr 17, 2019 3:31pm Apr 17, 2019 3:31pm
Quoting binnie
Well done Ice & Wolf. You guys make it look & sound so easy. Fun to watch this developing although I can't be much help. Look after yourself Ice - hope you have a speedy recovery mate.
Hi binnie, so nice of you

believe it or not, for me this is kind of entertainment too...good fun

Interesting that you say "look and sound so easy".

Easy is what PA shows, the bulls and bears can`t hide. Just a little bit of work to do and then we will keep it easy.

No more fear, no more searching complicated systems with lagging and repainting indis, just follow the marketmakers.

Did never make sense to fight them, right?

Oh btw, I did a lot of nice trades with version 02 above version 01. Not all winners but deep in profit.

Maybe IceRice will make them mtf too. That would be awesome for non EA traders.
  • #70
  • Edited Apr 18, 2019 8:42pm Apr 17, 2019 10:29pm | Edited Apr 18, 2019 8:42pm
@anybody_who's_interested:

Hi, This is a one-off post as I no longer wish to be a regular contributor at FF, especially as I know that this type of thread can go on forever as a growing crowd contribute ideas, and I'm afraid I don't have the time or the stamina for this any more.

Anyway, I just spent 5 minutes modifying this indicator, to provide a MTF dashboard of the rules outlined in your post #14 (btw, if a candle closes higher the previous candle's high, its high will always be higher, making part of the rule redundant). For further instructions, please refer to the post in my earlier link, or feel welcome to experiment yourself. Please read the note in the red typeface** carefully, the indicator will compile/run with many errors if you download the mq4 file, I only provided it in case another programmer wants to pick up this work and, for example, add alerts or change the signal rules.

As to whether an entry that's based solely around candle patterns is capable of forecasting some kind of imminent directional bias......... I decline to comment.

I'm having a rest from fx for a while -- maybe permanently -- so this truly is a one-off post, and the indicator is offered on a take-it-or-leave-it basis. I offer no guarantee that it will do what you expect, so if you choose to download and run it, it is at your own risk.

Time is short, stay safe and have fun.

David

** NOTE: This indicator was written using MetaEditor/compiler build 509. If you want the .mq4 source to compile/run without errors, you'll need to do this first. Otherwise, download only the .ex4 file.

Attached File(s)
File Type: ex4 MLHR Dashboard.ex4   37 KB | 676 downloads
Attached File(s)
File Type: mq4 MLHR Dashboard.mq4   10 KB | 724 downloads
Attached Image (click to enlarge)
Click to Enlarge Name: PPI 061.png Size: 34 KB

_________________________________________________

Quoting wolf300
Thank you very much for the Dashboard......
[EDIT]

Hi wolf,

Many thanks for your kind words.

Just to clarify further: the dashboard is designed to use the rules outlined in "Rules version 02" in your screenshot in post #73, which states "lower low than prev candle low and lower close than prev candle low". I believe the first part is redundant, because if a candle closes lower than its predecessor's low, then its low MUST also be lower than its predecessor's low. Also, I assume that we must wait until the current candle closes before it can be determined that the close is lower, hence the signal can occur only by comparing the most recently completed candle with its predecessor. That is how the dashboard works. If there are errors, I'll attempt to fix it, but (like I said before) I don't want to spend time coding everybody else's ideas to improve your strategy.

If anybody else wants to modify the indicator, the PA-based strategy is coded in lines 120-129 of the mq4, and should be easy to follow [in iHigh(ccy,StrToTF(TFs[t]),2) for example, the 2 means the second last completed candle]. Hence you could build your own dashboard to provide signals for any TA/PA-based entries that you wish. But please first read the note in red typeface.

If anybody wants to add alerts, specifically push alerts, they will need to recode the indicator into MQL4 build 600+, as the version I used was pre Feb 2014 and didn't allow them. Or it's probably simpler to write a new indicator.

Good luck.

David
  • #71
  • Apr 18, 2019 4:11am Apr 18, 2019 4:11am
Quoting wave7
I’m grateful to have you developing this
Hi wave7,

thanks a lot.

Try version 01 (higher highs, lower lows than previous candle),

put version 02 (higher highs AND higher closes than previous candles High, lower lows AND lower closes than previous candles Low)

on top of that (dots of version 02 will cover dots of version 01)

Use different colors for both indis and you can see that PA very often shows turning points (not following the trend only) by a first signal of version 01
confirmed by version 02 just a bit later, often by next candle. (You know,... the 123 pattern)

Try different timeframes to find out what the bulls and bears are doing and to check out how nicely those PA indis work.

Wave 1 to wave 7 will no longer be a riddle to you...
  • #72
  • Apr 18, 2019 4:29am Apr 18, 2019 4:29am
Quoting hanover
@anybody_who's_interested: Hi, This is a one-off post as I don't wish to become a regular contributor here, especially as I know that this type of thread goes on forever as a growing crowd contribute ideas, and I don't have the time or the stamina for this any more. Anyway, I just spent 5 minutes modifying this indicator, to provide a MTF dashboard of the rules outlined in your post #14 (btw, if a candle...
Hi Hanover, ... David,

what an honor, that you checked out our development of PA indi and EA.

Over the years (sad enough to say) I often found your posts and always thought how sad it is, that FF lost such a nice person and fantastic coder.

What you did for people in thousands of hours of work is priceless and I don`t know how to dignify your great personality and amazing skills.

.... would be a start.

Thank you very much for the Dashboard !!

So far this is not one of those threads where 50 people throw in useless stuff (what usually makes FF kind of senseless, as the outcome won`t bring any profit for anybody)

As this thread is "hidden" by accident, we are pretty save.

We are done with the original PA indi and it works clean and smooth. Making money with it every day, actually before it was coded because of the PA traded "by hand".

Looking for a foolproof EA is all we do now, and it would be an honor to get a hint from you, like use this or that with your EA.

Right now we got a "MA-rule", the mtf-rule and the "falling or rising" dots with arrows-rule.

Thanks again and all the best to you !!
  • #73
  • Apr 18, 2019 8:37am Apr 18, 2019 8:37am
To not read the whole thread and follow the development (as this is not a trading system thread)

Here are the basics of the indicators and how to trade them.

They are about the winner between the bulls and the bears and do not lag or repaint, as they show and alert pure PA when it happened (closed candle)


I picked this chart to show different situations which typically occur. If you are looking for PA you "can" integrate version 01 and/or version 02 into your system.

As you can see, there are no filters like a MA or a subwindow indicator, or some voodoo, just naked PA to demonstrate what this is all about.

Attached Image (click to enlarge)
Click to Enlarge Name: con HOW TO TRADE.png Size: 101 KB


-- From number 1 to number 5 we got "falling" arrows with a dot, showing the overall trend short.

-- The double black line demonstrate the falling or rising "changes of direction" the dots with the arrow.

-- The yellow circle shows what always will happen, when you just take every signal (thats why "consecutive") You will run into a WALL.

-- Point A and B showing nicely the reason why two, sometimes redundant indis, "CAN" be very useful.
Point A marks the first candle with lower low and lower close than prev. close.
A is not only in a line with 2, 3, 4, and 5, it says for now the bears are winners. (check out the "rejected blue candle with the long wick and small red candle just
before A triggers an alert. Bulls lost the fight for now.

-- After A we see another "rejected" blue candle with a long wick which shows again who the boss is for now, the bears.
-- As version 02 is the original idea of this all and the stronger PA Index, you would wait for a confirmation of point A
-- Now point B is doing exactly what it is supposed to do, it confirms our point A in that case.
-- Market went down after B for 40 pip or so, with 10 or so consecutive candle alerts, before it turns. (imagine you add up all trades and stay in until price turns)

Study the pic a bit and you will understand all arrows and dots and what they mean, hope you make profit with it!!

You will get wrong signals as marketmakers do what they want and if the market doesn`t move in your direction, it doesn`t move.

Check out what you can do to avoid as many wrong signals as you can, by using your system along with it.

Remember, with a good money management you are in profit even you got more losing trades than winners.
  • #74
  • Apr 18, 2019 8:49am Apr 18, 2019 8:49am
Quoting wolf300
{quote} Hi Hanover, ... David, what an honor, that you checked out our development of PA indi and EA. Over the years (sad enough to say) I often found your posts and always thought how sad it is, that FF lost such a nice person and fantastic coder. What you did for people in thousands of hours of work is priceless and I don`t know how to dignify your great personality and amazing skills. .... would be a start. Thank you very much for the Dashboard !! So far this is not one of those threads where 50 people throw in useless stuff (what usually...
Let's be honest, you'all made a truly amazing job! Thank You!
I'm currently paper trading signal from V02 and, it all give pretty good results !
  • #75
  • Apr 18, 2019 9:06am Apr 18, 2019 9:06am
Quoting wolf300
To not read the whole thread and follow the development (as this is not a trading system thread) Here are the basics of the indicators and how to trade them. They are about the winner between the bulls and the bears and do not lag or repaint, as they show and alert pure PA when it happened (closed candle) I picked this chart to show different situations which typically occur. If you are looking for PA you "can" integrate version 01 and/or version 02 into your system. As you can see, there are no filters like a MA or a subwindow indicator, or some...


Thanks for this summary, It is really clear and concise.
By the way, I have a few question Sir,

1 - Do you always wait for both v1 and v2 entry confirmation ?
2 - Do you add new positions on Dots appearence ?

Thanks in advance
  • #76
  • Apr 18, 2019 9:48am Apr 18, 2019 9:48am
Quoting astonbraham
{quote} Thanks for this summary, It is really clear and concise. By the way, I have a few question Sir, 1 - Do you always wait for both v1 and v2 entry confirmation ? 2 - Do you add new positions on Dots appearence ? Thanks in advance
Hi astonbraham,

thank you for your feedback !

1) Not always. I choose this chart, because it shows many different ways how priceturns can happen.
Take a look at the far left of the pic with the red arrow and dot of version 02.

See the perfect blue "spinning top" where bulls and bears are more undecided, followed by a red long wick candle with a lower high than "spinny" ?

As I know the rules of v 01 I can tell, that the golden arrow and golden dot is covered by v 02 red dot and arrow which shows (redundant) the even
stronger PA. The candles before and the knowledge about the two PA indis avoid waiting for confirmation setup.

You remember, you can trade PA with v 01 only. V 02 above v 01 is just a suggestion born from a "coding mistake" and my bad specifications at first
about v 02.

So it depends on the situation, the filters you use and if you are scalping or not, if not and the zigzag to the north had only his first leg, I wouldn`t trade that case at all. But scalping would have made some money.

2) matches kind of number 1 (depends on situation), because if you see a steep "screaming" MA which shows a strong trend, and very important, strong

momentum, then the risk is lower to add up trades until hitting the WALL. (not to forget, if price is close to a important S/R level)

But if the day is choppy and messin around I wouldn`t trade every dot.
  • #77
  • Apr 18, 2019 10:15am Apr 18, 2019 10:15am
Quoting wolf300
{quote} Hi astonbraham, thank you for your feedback ! 1) Not always. I choose this chart, because it shows many different ways how priceturns can happen. Take a look at the far left of the pic with the red arrow and dot of version 02. See the perfect blue "spinning top" where bulls and bears are more undecided, followed by a red long wick candle with a lower high than "spinny" ? As I know the rules of v 01 I can tell, that the golden arrow and golden dot is covered by v 02 red dot and arrow which shows (redundant) the even...
Thanks for your clarifications!
You pointed me in the right direction to look at!
  • #78
  • Apr 18, 2019 10:20am Apr 18, 2019 10:20am
Quoting astonbraham
{quote} Let's be honest, you'all made a truly amazing job! Thank You! I'm currently paper trading signal from V02 and, it all give pretty good results !
So far, so good
I tried to scalp using all the V2 M15 signals on a few pairs
I may have to do some adjustment.. And user Hanover's dashboard as additional filter (All or most of the HTF matching with the signal direction)
Attached Image (click to enlarge)
Click to Enlarge Name: ConsecutiveCandles.png Size: 191 KB
  • #79
  • Apr 18, 2019 11:03am Apr 18, 2019 11:03am
Quoting astonbraham
{quote} So far, so good I tried to scalp using all the V2 M15 signals on a few pairs I may have to do some adjustment.. And user Hanover's dashboard as additional filter (All or most of the HTF matching with the signal direction) {image}

Realy cool astonbraham !!!

Good to see that this thread isn`t only entertainment (a nice part for me though)

people making money with the indis, yesss.... strike.

Al worth the fun and pointing to easy PA with the bears and the bulls (with pants down now)

I only hope that IceRice, the father of these babies is getting well soon and it pays off for him too.
  • #80
  • Edited 11:30am Apr 18, 2019 11:13am | Edited 11:30am
Here are the actual versions again.

Just check out post 73 and you got all you need.



Attached File(s)
File Type: mq4 consecutive candles 1_01.mq4   6 KB | 625 downloads


Attached File(s)
File Type: mq4 consecutive candles 1_02.mq4   6 KB | 685 downloads
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