SDTR Strategy Part II

Anyone got a non-painting version of the zig zag arrow indicator they can post? thank you in advance :-]

All zig-zag indicators repaint with new higher highs or new lower lows, in my opinion is no useful that indicator or the concept at least

So its my first shot using this strategy, as well as input from the thread.

AUDJPY - Sell
SL - 75.450
TP - 74.900 - About 30 Pips, will monitor and may take 25 Pips

1. Red Arrow / Zig Zag appeared within 25 Pips of R61
2. D1, H4, H1, and M15 all have the Red Arrow / Zig Zag triggered / reported
3. D1, H4, H1 ,and M15 all are / were overbought according to the Turbo JSRX Indicator (and looked to be trending down)
4. Candle closed below red 10 EMA line

Ill keep you posted. Any feedback will help to ensure im looking at this right.

Thanks for this mrdfx

***EDIT***

TP HIT!

Hi,
First i would like to thank you for this strategy.
I'm still using the old SDTR 1.25, the one with SR indicator, created by erwin-beckers

I'm testing now with :
SR indi set to 75, distance from SR set to 0
I've put the Weekly pivot indi on the chart
Instead of MBFX, i'm testing with Blau's SMI or TVI (same thing) which sort of "volume" indicator, instead of using OB/OS indies.

As a valid signal i'm waiting for :
1. Price hits or creates a SR
2. There's a weekly or daily pivot around
3. Price returns breaks MA of 7
4. SMI is divergent on H1 and M30

yes i have 2 charts, one on H1 with weekly pivot and one on M30 with Daily Pivots

Still have no idea what AGE is . I've put
"minsBetween2TradesOnSamePair" = 30,
allow Reentries,SignalInvalidAfter = 12,
SignalInvalidAfterPips = 1000
Changed the ZZ to 5 - 1- 3,
news filter off,
MBFX Length = 3 and filter 1 (no idea what that does) i'm trying to get rid of mbfx
TrendLine = 3, period 5, (trying to get rid of this 2)
SR Settigs > Bars history = 75 and SR Details = Maximum
MA = 7

This strategy works, and the EA can work well if used as a semi-auto basis, for me at least. I'm primarily using it as a scanner, but for now I'm also testing automatic trades.

I close the winning trades manually (and not get too greedy), and watch the ones in drawdown closely.

Trades taken (1/2 alerted by EA in scanner mode, and 1/2 EA automatic trades) and closed in the last 24 hours.

Yes, we all got good results in the short run, especially with the complete automatic settings, using the EA. The issue is, for how long will your results be good before news spikes and unforseen market conditions eat your profit. Test it for 3 months upward before you give your judgement

Hey folks,

nice trade first to say! Thanks for sharing.
one question: is the ZigZag Arrow repainting?

Hi,
i've been trying the 1.26 version with Cur str meter activated. I was cheking the CADJPY pair and the only signal NOT valid is CC. I've seted to 15 min, then H1 and nothing. It hitted the Daily pivot 78, Weekly 100 and monthly 61, the price reversed and CC still not valid. Am i doing something wrong?
My cur str meter is showing the pairs crossed eachother. Of course i don't need a Cur str meter to know they crossed along time ago. but still

One more thing.
I've been looking at Davits pivtos. Modified the indi a bit to show D,W and M in front, from Daily, weekly and monthly.

I've been looking at CADJPY and saw what i think a reverse on the first screenshot, that would have been for me a "fake reverse", as price continued to go up. But looking closely it wasn't a fake reverse, it was a trade, a small one, but a trade nevertheless. So a trade might be between any pivots at any given time. For example, the price might hit a Monthly 61 Resistance, then reverse on a daily 100, after it went down only 20 pips, but it's a trade nevertheless.


What i'm saying is that , could anyone modify the EA Pivot so that it include the same time the DAILY, WEEKLY AND MONTHLY PIVOTS at the same time but set the distance in pips from the pivot lower, let's say 10 pips , which is already included?


So i this screenshot, the price hited the M61 resistance and i'm going to look closely and see when is going to return, might be any support, daily,weekly or montlhy.

I'll try put my ideas in order and be more clearly next, sorry if i sound confusing.

As i said, i look closely on CADJPY, just as an example. The price touched crossed the Weekly 61 and touched the Daily Pivot and reacted on the last. Still looking, probably on Monday.
Later edit : OBV and AD made a support if you are in to this. These are 2 indies that i like alot.

Edit 2 : What i'm saying is that i think you can use all 3 kind of pivtos (Daily, weekly and monthly) to be more precise on using entry point, lower SL and not using TP at all (the last will requier one not sleep at all )

Here i am again poluting this thread.
For those of you who feel that a indi or ea gives you to many alerts because you want small SL. I've added to my gmail a filter, if an email has GBPAUD included (for example) move it to GBPAUD category (it is not a folder), works with any word you want.
Works if you wanna test an EA or an indi. It will give you alerts and you can check the time the alert was given and see what went right or wrong.

This strategy still works, if you don’t give up, it’ll reward you, last Friday on extreme GBP pairs:

has anyone had issues with the MBFX system disappearing on new years eve ? I cant get the lines of the mbfx system to appear anymore since 2020 began

Hi,
Can you tell me what CSS you used to modify the EA please?

Thank you!

And one more question.
What pivtos does the EA use? Daily, Weekly, Monthly?

Thank you!

mitzescu

Please show all advisor settings or lay out a template !!!

mrdfx thank you for sharing this strategy, whilst similar to others, the difference is, it tries to resolve the issue of zigzag repainting with pivot levels to determine if/maybe the zigzag leg has reached final resting place / trend is exhausted and ready for a reversal. I have coded an SDTR II Strategy arrow indicator based on the rules provided. The indicator must be placed in the same folder as the strategy indicators. The strategy indicators must be named as follows:
-3c_turbo_jrsx_filtered -ZigZag Arrows -Pivot_Voty (put a dash "-" in front of the indicator names and resave in indicator folder)
for the arrow indicator to work. From feedback I have added V1.2 where the names do not need to be changed.

More than one arrow may occur for a given signal due to how the rules are coded given the candle cross related to the zigzag arrow. At present this is up to 11 candles apart and seems enough on 1H and 4H chart, have not tested on 1D chart. It also allows for the zigzag arrow to be within the current pivot zones or the last pivot zones. This is because on testing on a number of occasions the zigzag arrow occurred just after the last pivot zones expired and these seemed to be good trades. There is also a jrsx filter which is for setting if you wish this indicator to be above of below a certain value when the candle cross occurs.

I have put an expiry date on the indicator as members continually fail to provide me any feedback so that indicators can be improved. If the indicator is considered to add benefit and there is constructive feedback I may develop further and post updated versions; maybe even an expert advisor.

This indicator is free software: it under the terms of the GNU General Public License as published by the Free Software Foundation, either version 3 of the License, or any later version. This program is provided in the hope that it will be useful, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the GNU General Public License for more details.

Use the following indicator to show the repaint of the Zigzag indicator and therefore other places that may meet the rules but not favourable. Zigzag indicators look great in retrospect but repaint in realtime until they fulfill the maths equation. So it is important to see the past repaint and determine for yourself a strategies pros and cons.

I also want to state my indicators are free and there is no hidden commercial agenda or plans to sell the indicators and/or EAs. The interest/challenge for me is to describe human observation as code; which is difficult and rewarding.

This indicator is free software: it under the terms of the GNU General Public License as published by the Free Software Foundation, either version 3 of the License, or any later version. This program is provided in the hope that it will be useful, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the GNU General Public License for more details.

Hi Ronin,
Thanks for the SDTR II Arrow and Zigzag history indicators, both seem to be working fine.
However, there is an issue with the SDTR II Arrow indicator; the direction arrow for SELLS, prints an UP ARROW instead of a Down Arrow.
While fiddling with it I noticed that it was the BUY ARROW Settings that was controlling both BUY/SELL ARROW settings.
Whatever settings inputted into the BUY Arrow settings dominated the other.
Thanks for you work once again and hope you have time to check it up.
Cheers.

Thanks RapzyFX for the feed back; apologises for the coding error. Please find attached a version with fix applied. Currently testing a few variations using info from thread https://www.forexfactory.com/showthread.php?t=773563 & https://www.forexfactory.com/showthread.php?t=588764. FYI, the indicator will not appear on charts below 1H due to the pivot indicator and how I have used icustom directly without the parameters.