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  • #101
  • Apr 19, 2019 7:38pm Apr 19, 2019 7:38pm
Quoting hanover
@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...
Hi David,

This is very interesting. I use a similar strategy to trade , but i trade stocks. Please let me know how to add few stock symbols on the dashboard like apple, google, amazon, QQQ, etc
  • #102
  • Apr 19, 2019 8:14pm Apr 19, 2019 8:14pm
Quoting cfudge
I have been looking at this for days now trying to discern a way to only trade good quality arrows. I am posting this without looking at any other trades but the ones shown, I am excited at this finding and will test further over the weekend...if it does not work out I will delete this post. This is what I have come up with today. I am not trying to add a bunch of indicators, unnecessarily, rather trying to use the arrows as a confirmation indicator the Williams Percent as a second confirmation indicator Alligator as a third confirmation indicator...

Yes, cfudge, but....

what about NOT to pull in RSI, CCI Stoch, Willi billy, Roc, which all tell different storys and just go by PA with a good slope MA filtering the one or other wrong signal?? And stick to real PA without spoiling it with x indies.

Attached Image (click to enlarge)
Click to Enlarge Name: con cfudge or not to cfudge.png Size: 74 KB
  • #103
  • Apr 19, 2019 8:29pm Apr 19, 2019 8:29pm
Attached Image (click to enlarge)
Click to Enlarge Name: con billy willy.png Size: 90 KB
  • #104
  • Edited 4:54am Apr 20, 2019 3:25am | Edited 4:54am
Quoting johr
I use a similar strategy to trade , but i trade stocks. Please let me know how to add few stock symbols on the dashboard like apple, google, amazon, QQQ, etc
'Currencies' version (see post #70) can't do this. 'Instruments' version is attached below. Up to 99 instruments (i.e. symbols allowed by your broker) can be specified, separated by commas. If the symbol doesn't display in the dashboard, check that (1) you have typed its name correctly, and (2) that it has some valid price data (beyond that, I can't help you, please phone your broker or MetaQuotes. ) See the links in post #70 for further instructions.

This is as far as I'm willing to take this dashboard, especially as it isn't useful to me personally. If anybody wants to add alerts, or include enhancements to the strategy, etc etc, the source code is available for you to modify it yourself.

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   29 KB | 695 downloads
File Type: mq4 MLHR Dashboard.mq4   11 KB | 711 downloads
  • #105
  • Edited 3:47am Apr 20, 2019 3:27am | Edited 3:47am
I am sorry, cfudge,

came back from a party at 4 am (if you know what I mean )
and was thinking, ....what the heck....thread should not turn into spinning around like 95%.

Ofcours you can handle, what ever indi, as you like, trying to make the most out of it...

Everybody should make the best out of what we got here in addition to his/her system.

As this thread is hidden, by accident, we are pretty save and we can make (we did actually) something, people realy making money
with, real profit. And a huge amount of confidence and waaayy less fear.

Think about what Hanover said in his post. Like: this is gonna be a senceless thread anyway (in the end like the rest), so I better stay away, because people throw in hundreds of good advices. (or something like that)

So, sorry again,
I didn`t mean to teach you. And ideas about filtering, or avoiding some wrong signals are appreciated even if this is a standalone system by itself, because it is about following the bears and bulls. (PA)

Loads of green pips to you !!
  • #106
  • Apr 20, 2019 8:38am Apr 20, 2019 8:38am
Quoting hanover
{quote}'Currencies' version (see post #70) can't do this. 'Instruments' version is attached below. Up to 99 instruments (i.e. symbols allowed by your broker) can be specified, separated by commas. If the symbol doesn't display in the dashboard, check that (1) you have typed its name correctly, and (2) that it has some valid price data (beyond that, I can't help you, please phone your broker or MetaQuotes. ) See the links in post #70 for further instructions....
Hello hanover,

I tried to reduce timeframes and pairs on your dashboard, followed the steps in your link to MetaEditor/compiler, but I got this result in the picture.
Please tell me what I did wrong, that I can change a bit of the dashboard. Thank you very much.
Attached Image (click to enlarge)
Click to Enlarge Name: compiling problem.png Size: 101 KB
  • #107
  • Apr 20, 2019 9:40am Apr 20, 2019 9:40am
Yes cfudge (are you still around ?)...

Throwing in indicators may not be the best solution, like other people here mentioned.

After my last post about the 0 shift on alligator, I played around with it...and it's the same old thing...an indicator is good in some circunstances and bad in others.
Using another indicator, you either get more or less the same or it does not help.

It all depends on the use the trader makes of the indicator, and if it suits the trader's style - so each trader has to do that work individually.

Putting here more indicators (and I can also suggest some to filter)...and the thread will end up the same way as most of the others.

So far this is based on price action, and it looks good...let's see were it goes.
  • #108
  • Apr 20, 2019 1:32pm Apr 20, 2019 1:32pm
Can anyone please make a multi time frame version of the consecutive candle indi/ That will be appreciated
  • #109
  • Apr 20, 2019 1:35pm Apr 20, 2019 1:35pm
Quoting IceRice
Thanks for all to involve in project and interesting suggestions. It looks like a big social initiative to buid an effective strategy. It's time to test our first version of EA based on consecutive candles indicator. I have released the version 1.03 of indicator and this version is using by EA. Code is the same as 1.02 but only add param ShowDots to show/hide dots on chart the same as arrows. And now it's time to present EA Consecutive Candles. EA is opening trades with wolf300 rules: - open BUY at up arrow what is higher than previous one - open...

Nice Work IceRice.
Can you please include in the EA the filter suggested at post 103 by Wolf300. That will also be appreciated
  • #110
  • Apr 22, 2019 12:49pm Apr 22, 2019 12:49pm
I would like to say that I really appreciate your effort and work IceRice, Wolf and all of you guys.

Until now, I read the FF only, until I got a call to join. I must say, that I found this particular idea very interesting, but I would suggest to use the indicator not "blindly" following only price action, because it shows you some unnecessary false signals.
The majority of traders think, that the market makers move market up and down coincidentally, but this is far from truth. Markets move in extremly exact predetermined way. And they do trend, most of the time.
So using it only in a general market's way of move would increase the odds for a trader. I am going to check out this indicator in following days and weeks only in a general direction of the market and then I will make a report with some conclusions.

Keep the good work up!
  • #111
  • Apr 23, 2019 4:28am Apr 23, 2019 4:28am
Hello everybody,

I hope you all had nice holidays and a good time

Now it`s time to get back to work and collect typical scenarios, or market situations, we have to deal with and how we can filter out the wrong

signals of our EA (and manually trades) and make sure to get the most right signals (trades) from it.

Please assure yourself (if your new, or if you are lazy ) that you realy understand the PA indi and the thoughts behind it,

for example "catching the waterfalls" (which often occur, but nobody knows when and how far they "fall")

or just bigger moves in trend-direction, or adding up trades and making 183 pips out of a 48 pip move and stuff like that.

Now here is a first pic after finishing the indis and the first great EA (thanks IceRice)

Let`s call it situation "A" as there are more to come to find the best solution how to filter them.

Attached Image (click to enlarge)
Click to Enlarge Name: con EA trades MA.png Size: 72 KB


GBPNZD M15 from today, with realy an "A" situation we always want to see and trade.

As I say M15.... please think about the lower the timeframe, the more signals you get and more can be wrong. (one more thought to consider)

So a MA (in that case sma 21, close) will definitely filter out a lot of wrong signals AND will cause a lot of right signals (trade)

EA should have then at least one MA free to set. If two can be activated, one current tf, one higher timeframe to confirm the overall trend, the better it would be.
  • #112
  • Edited 6:33am Apr 23, 2019 4:48am | Edited 6:33am
From time to time I remember new readers to go back to post 73 to grasp v 02 and the EA.
We completed v 01 and v 02 of the indi within six days, so go ahead and integrate
them into your trading system.


OK ....situation "A"

If you check out the last pullback (far right), you see GBPNZD pulled back 20 pips after EA trade.

Which brings us to "stop loss" and how to handle it. GBP-pairs do have a bigger range than other pairs, so you have to check out for

each pair you trade, what sl won`t be to small (killing a wonderful strike of trades)
  • #113
  • Edited 7:54am Apr 23, 2019 6:57am | Edited 7:54am
And here is the reason,

why You will belong to the famous 5% of all retail- forex- traders making a living

out of v 01, v 02 and the EA,

if you integrate them into your trading system and follow the mindset in the 10 sec, vid.


https://ytcropper.com/cropped/8_5cbdecac706db
  • #114
  • Apr 23, 2019 7:08am Apr 23, 2019 7:08am
Hello everybody after the holidays

I see a lot of interest in the subject. It is very good!. As Wolf300 said above let's focus on improving our idea and eliminate false signals as more as possible.

I think that combination our idea with many different existing indicators is dead end. Price Action is the right way.

I also propose to add some filters/modifications in the indicator in the first step and if we will find something interesting, we will apply this to EA to make some backtests.

Tell me what do you think about this.
  • #115
  • Apr 23, 2019 7:13am Apr 23, 2019 7:13am
Great work from you all!

the best is dont to put too much work on the entrys. Imho Money Management und exits are the key.

You cant filter every bad trade and that should not be the target.
Everyday better.
  • #116
  • Apr 23, 2019 8:00am Apr 23, 2019 8:00am
Situation "A" again,

this time with vortex indi. Formula can be integrated in EA because this trend-indi is based on pure PA.

Attached Image (click to enlarge)
Click to Enlarge Name: con EA trades Vortex.png Size: 73 KB


Get Vortex: MT4 "market" tab ; type in searchfield "Vortex" and download the free version. Check "market" in the navigator.

Formula is:

Attached Image (click to enlarge)
Click to Enlarge Name: con Vortex formula.png Size: 41 KB


You see, we can do a lot about getting more safely into trades based on PA (manually and EA) and avoid a lot of wrong signals.

Check out M30 while watching M15.
  • #117
  • Apr 23, 2019 9:32am Apr 23, 2019 9:32am
Hello,

Congratulations on this amazing idea!
Would you have the consecutive candle indicator for mt5?

Thank you!
Those who don't believe in magic will never find it
  • #118
  • Apr 23, 2019 9:43am Apr 23, 2019 9:43am
Quoting wolf300
Situation "A" again, this time with vortex indi. Formula can be integrated in EA because this trend-indi is based on pure PA. {image} Get Vortex: MT4 "market" tab ; type in searchfield "Vortex" and download the free version. Check "market" in the navigator. Formula is: {image} You see, we can do a lot about getting more safely into trades based on PA (manually and EA) and avoid a lot of wrong signals. Check out M30 while watching M15.
I'm just developing v 04 of indicator with "Vortex" filter and we will see results.

I think that it will reduce a lot of false signals from trending phase but real problem with false signals is here:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 83 KB
  • #119
  • Apr 23, 2019 9:50am Apr 23, 2019 9:50am
Quoting PayTheBid
Hello, Congratulations on this amazing idea! Would you have the consecutive candle indicator for mt5? Thank you!
There is no problem to make MT5 version. Who need MT5 version of indicator, tell me by clicking at this post.
  • #120
  • Apr 23, 2019 1:36pm Apr 23, 2019 1:36pm
Quoting IceRice
{quote} I'm just developing v 04 of indicator with "Vortex" filter and we will see results. I think that it will reduce a lot of false signals from trending phase but real problem with false signals is here: {image}
I`m realy corious, how v 04 will work, great that you keep on developing and coding


Yeah, the real problem is the situation you showed in the pic. I guess we can call it situation "F" (if you know what I mean )

We will find a solution for such situations too, (glad we started with beatiful "A" )

"F" occures when important sessions are over, market is slow, or waitung for very important news.

The good thing about using an MA is showing "horizontal" moves with low or sero momentum too (stay out). Question is, how EA is dealing with that.

Pre selected times (sessions) when EA is running and when not ? Or,....following the (even a little bit) "falling" arrows and MA, like a unemotional, ICEcold robot would do....?

Not sure. We will get some advice.
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