freescalperindicator & half trend indicator

I found these 2 indicators on a thread in 2012 that now appears to be dead so here goes me attempting to resurect the debate

It was said that the freescalperindicator was the closest thing you could find to a holy grail

[majid1978]i am testing this indicator these days and i can say after 5 years of trading and test thousands of strategies, systems, experts and indicators this is the only holy grail of indicators this is heaven of indicators thanks to author.

[kaiser soze]No it does NOT repaint, but you cannot follow it "blindly", still have to filter out the signals...

[Paris Hilton]Nothing works well on the 1 min. On the 5 min it works very well.

So on reading the positive feedback about the freescalperindicator I decided to write an EA and make it freely available to all @ Forex Factory. All I ask in return is for the group to advise me as to the best way to inplement this Indicator.

After publishing this video I recieved1 feedback:



feedback
[deltatrade] this is what i would do. next you should make an atr stop and tp. example stop loss=unit1*atr value and tp=unit2*atr value. unit1 and unit 2 are 2 external variables that can be set and useful in order to play around with them to find good settings. it might work at unit 1=1 and unit 2=1.

This was my response:
[ForexSquirre]I’ve never used indicators in my trading other tham EMA’s as I like to trade from candle patterns but I am sure I can include the ATR within my EA. I will just need somebody to tell me what to do with it by speaking to me like I am a bit stupid. So far I just see a single oscillating blue line in the MT4 ATR window and I have no idea what this is telling me.

Then I published video 2:



Before anyone had opportunity to view this video I looked back through the thread and came accrossthis post (I must have originally missed this due to my partial sightedness:

[Paris Hilton] I 'm using it in combination with this half trend indicator and you get fantastic signals.

I wanted to discus this pairing with Paris directly but he/she has not been on here during 2019 - So I added it as is to my EA anyway - Video 3:



Here are the indicator files used in my EA so far:



The direction I take next with my EA is down to any new feedback I recievewithin this thread.

Thanks.
Secret Squirrel.

Subscribe.

Original thread if anyone interested:

https://www.forexfactory.com/showthread.php?t=376043

Could be an interesting thread. Looking ta indi's now. Get back to you

cheers
maahome

I know the indicator. It was pushed by Karl Dittman, an indicator and EA selling hack that used such things as promotional items to attempt to sell his other garbage. Every week or so he would release the next great thing and persuade people to buy it. Nothing was ever tested. Nothing ever worked. If it did, there would be no need for the next greatest thing, lol. If you fell for his spew and actually bought anything, he would not refund you when you realized it did not work. Good Luck with his junk.

Thanx dkrockfor the insight

It does not mean that YOU cannot make it work. A broken clock is still correct twice a day. If you have the mq4 file, then perhaps you can fix any mistakes. Having seen a lot of indicators and spent hours and hours trying to tweak them and fix them, I can say it is fun to try, but normally a complete waste of time, lol. I admit I used to be a junkie for attempting to fix them, but not anymore. One day I just decided I had seen enough, lol, and anything that did not work properly was no longer worth consuming my time. Instead I focused on tools that actually worked and quit wasting time on tools that didn't. In the end, unless your tool is consistent, then you cannot trust it. If you cannot trust it, why use it? That's my conclusion though. It doesn't mean I am right nor wrong. Nor does it mean you are. I just realized I was more obsessed with making things work than I was with using things that did work, lol. Just something to think about. Good Luck with your project.

I don't have the mq4 files so I have no access to the code. My code watches for indicator activity and acts on that. The point of this thread was to work with the community to find the best settings to use these indicators and in return, I would code for the consensus view then make my Expert freely available to everyone on this site.

I have started using the freescalpindicator and half trend indicator along with a support and resistance breakout indicator and so far the results look good. I am trading manually as I don´t know how to code for an EA and will continue for a week or so

Good Work. Yours is the only feedback so far. I do not have the SR Breakout Indicator but can include it within our EA if you upload it to this thread

(I'm expecting to see a plan similar to this from someone sometime soon.....
Step 1: Best using it on these timrframes M# M# M# H# H# D# W#
Step 2: if half trend places arrow and freescalp is less than 3 new coloured bars. We look to trade the Half Trend arrow direction.
Step 3: SL ###pips TP ###pips

Once this type of information starts to drip through I will begin coding the group EA for MT4
Squirrel

Hi.
I started out in a similar vein here on FF and many people gave advice and are still helping me.

I like the tone of your posts and when I get back to my home country I will take a look and see if I can give you any feedback as I trade off particular levels in the market.

All the best of success for you.

Cheers Anthony

Hi ForexSquirre, Indicator attached. I am not using the atr indicator as I don´t understand it . I don´t really think that some indicators are better than others, just that we use the indicators that we feel most comfortable with. Anyway, the system is still going ok, I am using a demo account and it is in profit, which is something of a novelty for me !

Anyway, many thanks for your sharing your work

Here is my favorite indicator.....

It shows how long remaining until new candle starts

Feedback so far for HalfTrend Indicator & FreeScalper Indicator is very poor.

BUT.....

I am currently writing the EA which should be ready by Monday 15 July 2019 but as I have had no feedback on how best to use the indicators, I have had to guess at how my code should work.

Come on Guys this EA is going to be provided free of charge, Please someone help me out here.

My EA so far contains 3 strategies that can be selected from the properties box
1: HalfTrend Strategy.
2: FreeScalper Strategy.
3: HalfTrendWithFreeScalper Strategy.
All user configurable

1: HalfTrend Strategy enters trades when Arrow appears on your chosen Candle.
2: FreeScalper Strategy enters trades when new set of bars reaches your chosen number.
3: HalfTrendWithFreeScalper Strategy - Combination of both above - Not programmed yet.

Strategies 1 & 2 complete: I will be working on strategy 3 during next few days.

My EA for HalfTrend & FreeScalper indicators this is ready for Beta testing.
Known Limitations... Will only allow 1 trade in each direction at any one time

To use this EA you MUST have

freescalperindicator.ex4
&
HalfTrend 1 & alerts.ex4

in your default indicators folder and they need to be named exactly as here.

Please Do not use this EA on a Live account as I have only done very basic testing and await feedback before releasing a fully usable version

If you are a newbie you need to place my EA in your default Expert folder.

Please do not download project 1 beta EA. as it is absolute rubbish.
I have now totally reprogrammed it so will upload the latest version once I have completed the user guide video

Thanx
Squirrel

My EA for the FreeScalper with HalfTrend Expert is ready for use.
Known Limitations... Will only allow 1 trade in each direction at any one time
To use this EA you MUST have
freescalperindicator.ex4
&
HalfTrend 1 & alerts.ex4
in your default indicators folder and they need to be named exactly as here.
Please Do not use this EA on a Live account as none of these strategies have been proven to consistantlymaqke profits.

If you are a newbie you need to place my EA in your default Expert folder.

video tutorial for FreeScalper with HalfTrend Expert Advisor...



Good Luck.

Hi ForexSquirre, Many thanks for coding the EA and offering it free of charge. It is a pity that you haven had much feedback but I m guessing that most traders are skeptical about EAs, especially free ones!
I am going to try it but should point out that I haven´t used an EA before and also that this is a busy time of the year for me so it could be some time before I get chance to give feedback

Just installed the EA ok. Question - does the EA close the trade once it is open and if so are there any settings for this?
Thanks