Price Action System/Indicator | Page 16 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BORC - 100% Price Action No Indicator System 699 replies

Price Activity indicator (not Price Action) 7 replies

Two-Stroke System (Mechanical Price Action +300 pips per month) 118 replies

Building a system based on price action 5 replies

Attachments: Price Action System/Indicator
Exit Attachments

Price Action System/Indicator

  • #301
  • Dec 1, 2019 5:27am Dec 1, 2019 5:27am
Quoting zoheb01
Hey guys, Been a while! I thought I would shoot a quick video of some classic pin bar reversals which were the main reasons why I created this indicator in the first place. I've start speaking to my coder about v1.4 with new ideas in the pipeline. I know I know, everyone wants me to convert this into an EA, I'm torn with the idea. What's everyone's thoughts of starting with a it just as a pin bar EA? https://www.youtube.com/watch?v=-jctVja2z60 Thanks, zoheb01
Dear Zoheb01

thanks for the amazing indicator...you should absolutely add 2BR pattern to indicator

regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-12-01 at 14.22.06.png Size: 162 KB
Click to Enlarge Name: Screen Shot 2019-12-01 at 14.21.40.png Size: 87 KB
  • #302
  • Dec 2, 2019 2:29am Dec 2, 2019 2:29am
Quoting silvertown
{quote} Dear Zoheb01 thanks for the amazing indicator...you should absolutely add 2BR pattern to indicator regards {image} {image}
The indicator has a couple of 2 bar patterns.

Engulfing Pattern:

Inserted Video


Inside Bar Pattern (10 minutes in):

Inserted Video
Never stop investing. Never stop improving. Never stop doing something new
  • #303
  • Dec 2, 2019 3:34pm Dec 2, 2019 3:34pm
@zoheb01

Could you tell me why it didn't detect this pinbar?
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-12-02 22_32_13-Custom Indicator - OGT Price Action Indicator v1.3.png Size: 108 KB

But it did these two?
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-12-02 22_32_46-20232601_ ICMarkets-Demo02 - Demo Account - [EURUSD,M30].png Size: 36 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-12-02 22_32_58-20232601_ ICMarkets-Demo02 - Demo Account - [EURAUD,M30].png Size: 38 KB
Anything above the line is an uptrend, below the line is a downtrend.
  • #304
  • Dec 4, 2019 7:15am Dec 4, 2019 7:15am
Quoting zoheb01
Hey guys, Been a while! I thought I would shoot a quick video of some classic pin bar reversals which were the main reasons why I created this indicator in the first place. I've start speaking to my coder about v1.4 with new ideas in the pipeline. I know I know, everyone wants me to convert this into an EA, I'm torn with the idea. What's everyone's thoughts of starting with a it just as a pin bar EA? https://www.youtube.com/watch?v=-jctVja2z60 Thanks, zoheb01
Would love to see this be turned into an EA, I also use your RSI MTF EA all the time. Maybe parameters to chose the type of indication it follows within the EA?

Thanks again for your work on this, video's are very informative as well. Keep it up!
  • #305
  • Dec 5, 2019 3:18pm Dec 5, 2019 3:18pm
Quoting Degolep
@zoheb01 Could you tell me why it didn't detect this pinbar? {image} But it did these two?{image}{image}
The reason is because the body of the candle is not formed within the range of the previous bar
Never stop investing. Never stop improving. Never stop doing something new
  • #306
  • Dec 14, 2019 8:10am Dec 14, 2019 8:10am
I did a quick video of how you can use the OGT Price Action Indicator (and my other indicator) to day trade.

I use the UK General Election as an example

Inserted Video


zoheb01.
Never stop investing. Never stop improving. Never stop doing something new
  • #307
  • Dec 15, 2019 4:51pm Dec 15, 2019 4:51pm
Anyone else thinking this short on the EUR/USD Daily Chart? Nice reversal pin bar on base of triangle.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 58 KB
Never stop investing. Never stop improving. Never stop doing something new
  • #308
  • Dec 21, 2019 4:21am Dec 21, 2019 4:21am
Quoting zoheb01
Anyone else thinking this short on the EUR/USD Daily Chart? Nice reversal pin bar on base of triangle. {image}
Starting to work out after a retrace back to resistance

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB
Never stop investing. Never stop improving. Never stop doing something new
  • #309
  • Dec 27, 2019 3:36am Dec 27, 2019 3:36am
hello am a new trader pllease how can i install this indicatore on my mt4 i found it difficult to install onlike the other indicators ..
  • #310
  • Dec 29, 2019 3:17am Dec 29, 2019 3:17am
Quoting Skyfly201
hello am a new trader pllease how can i install this indicatore on my mt4 i found it difficult to install onlike the other indicators ..
Thanks for your question.

Please see the video below. Instead of opening the Experts folder in the MQL4 directory, open Indicators and paste the indicator in there.

Inserted Video
Never stop investing. Never stop improving. Never stop doing something new
  • #311
  • Dec 31, 2019 1:12pm Dec 31, 2019 1:12pm
Quoting zoheb01
{quote} Thanks for your question. Please see the video below. Instead of opening the Experts folder in the MQL4 directory, open Indicators and paste the indicator in there. https://www.youtube.com/watch?v=g2xl408hBoc&t
Completely missed this move on the EUR/USD. Really need to get the team to work on getting this into an EA!

Anyone get into this move?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 75 KB
Never stop investing. Never stop improving. Never stop doing something new
  • #312
  • Dec 31, 2019 1:16pm Dec 31, 2019 1:16pm
Quoting zoheb01
{quote} Completely missed this move on the EUR/USD. Really need to get the team to work on getting this into an EA! Anyone get into this move? {image}
Hi! Thank you for your indicator! It looks very good!
i want to ask you what setting do you use for the indicator? What timeframe do you use?
I think money management is important, so how do you use this indicator? What the TP and SL do you use?

Thank you and have a nice new year!
  • #313
  • Jan 2, 2020 10:10am Jan 2, 2020 10:10am
Quoting andrewssb
{quote} Hi! Thank you for your indicator! It looks very good! i want to ask you what setting do you use for the indicator? What timeframe do you use? I think money management is important, so how do you use this indicator? What the TP and SL do you use? Thank you and have a nice new year!
Thanks Andrew, I'm glad your finding the indicator useful.

I believe the indicator is so powerful as it can be fully customised, there are many permutations of the settings a user can select. So from a settings perspective, it really depends on what type of trader you are. To know what the right settings are for your trading style, I think you should yourself two questions:

1. Are you a trend or reversal trader? - If your a trend trader, I suggest that you set the MA filter to true, which means it only shows signals that are in the direction of the trend. If your a reversal trader then I would select false which will show you all signals.

2. How active do you want to be in the market? - The more active you want to be "looser" the settings. For example, for pin and engulfing bars there is a setting to select how big the range needs to be from the previous bars. The lower the number the more signals you will get. The answer will also help you determine the timeframe. The indicator works on all timeframe but generally the higher the timeframe the more reliable the signals.

As for TP/SL, this is personal preference. Best practice is a reward to risk of 2:1 as a minimum. However, I prefer a 1:1 as I generally achieve a 60% win ratio which makes me profitable in the long run. There are also time based and indicator based stops that can be used. Test different exits on a demo and see which ones you like and/or work better.

I hope that helps your points. Happy New Year!
Never stop investing. Never stop improving. Never stop doing something new
  • #314
  • Jan 20, 2020 3:41pm Jan 20, 2020 3:41pm
There was a nice bearish engulfing/marubozu on the NZD/USD 5 minute chart today.

Thought I would do a quick video of my analysis of the reasons why it would of been a high probability trade.

Inserted Video
Never stop investing. Never stop improving. Never stop doing something new
  • #315
  • Jan 21, 2020 3:08pm Jan 21, 2020 3:08pm
Another example on the same pair today.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 120 KB
Never stop investing. Never stop improving. Never stop doing something new
  • #316
  • Jan 21, 2020 4:16pm Jan 21, 2020 4:16pm
@zoheb01

I donīt like the lower timeframes.. I am a so called trendfollower and love the daily timeframe.
What is your suggestion how to use your indicator and which are the best signals to follow?
Thank you for your support.
  • #317
  • Jan 26, 2020 3:57pm Jan 26, 2020 3:57pm
Quoting baxter01
@zoheb01 I donīt like the lower timeframes.. I am a so called trendfollower and love the daily timeframe. What is your suggestion how to use your indicator and which are the best signals to follow? Thank you for your support.
Are you a trend or reversal trader?
Never stop investing. Never stop improving. Never stop doing something new
  • #318
  • Jan 26, 2020 4:28pm Jan 26, 2020 4:28pm
I also prefer timeframes higher than the daily, because I'm an options trader.

I like reversal strategy on US Stock Market, what are the best settings?

Thx
  • #319
  • Jan 27, 2020 10:56am Jan 27, 2020 10:56am
how did you make those blue MA's that show the trend?
  • #320
  • Jan 27, 2020 11:48am Jan 27, 2020 11:48am
@zoheb01

I`m a classical trend trader..I trade reversals not very often
1 trader viewing now