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Hanover - can you help me with MT4 qs please? 4 replies

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Hanover replies to PMs

  • #1,341
  • May 1, 2020 1:30pm May 1, 2020 1:30pm
Quoting MarkStep
Yes I have read this and it is true what is written. Michael S jenkins have discuss why trendlines always work and he said it is because when a trendline is being hit there is a correlation of Time and Price happening which is the true purpose of the market.
I have my own views (based largely around market structure and operation, volume/liquidity distributions, visibility, and prevalent belief systems) as to how and why some chart-based concepts 'work'. Of course there may be other reasons that I'm unaware of. However, I no longer wish to get into lengthy debates about market semantics, so I'll leave it at that. I've posted my views many times before, there's a miscellany of links in post #1 if anybody wants to read them.

Quoting MarkStep
I have develop a strategy that has given me an edge closed to the holy grail. but has problem with alerts and notifications
If you have a holy grail system that can be mechanized, then there are plenty of programmers who are capable of adding alerts and notifications.
  • #1,342
  • May 7, 2020 10:31am May 7, 2020 10:31am
Thanks Hanover ,your work is wonderful.is it possible to sort the pairs by pivots like if i want to check all the pairs falling on 38 or 50 pivot points? thanks

i also need ADR reached pairs indicator,i saw somewhere but i m not finding it now,i alraedy checked Laura roadmap thread.Please help!
  • #1,343
  • Edited 8:17pm May 7, 2020 3:16pm | Edited 8:17pm
Quoting T4Trade
is it possible to sort the pairs by pivots like if i want to check all the pairs falling on 38 or 50 pivot points? thanks i also need ADR reached pairs indicator,i saw somewhere but i m not finding it now,i alraedy checked Laura roadmap thread.
I did create and upload a pivots dashboard back in post #1276. Based on your description, I'm not sure that it meets your requirement, but you're welcome to take a look at it.

The dashboard that I created for LauraT's method prints an upward or downward arrow based on whether price has reached the ADR, but it's merely a secondary function.

Apart from LauraT's strategy, which I believe has some potential, I'm sorry but I'm not undertaking any programming requests, at least in the meantime.
  • #1,344
  • May 7, 2020 3:35pm May 7, 2020 3:35pm
Quoting hanover
{quote}Why is it that many FF members praise programmers only when they're asking for a favor? No offense to anybody, but I feel somewhat insulted when people flatter me, because they apparently think that I'm too stupid to see through the obvious reason for the flattery. But anyway........ I did create and upload a pivots dashboard back in post #1276. Based on your description, I'm not sure that it meets your requirement, but you're welcome to take a look at it. The dashboard that I created for LauraT's method prints an upward or downward arrow...
Well, I think you have done a fantastic job on FF helping people out with their trading! No requests. No flattery. Just facts.
Learn from your mistakes and march on.
  • #1,345
  • May 7, 2020 4:24pm May 7, 2020 4:24pm
Quoting here2there
Well, I think you have done a fantastic job on FF helping people out with their trading! No requests. No flattery. Just facts.
Ok. Thanks. Perhaps I was too harsh in my assumption, I should give people the benefit of the doubt and assume that their comments are sincere. My apologies to all.
  • #1,346
  • Edited 8:15pm May 12, 2020 7:05pm | Edited 8:15pm
Quoting turnip15
What struck me was an overlay I put up with %R on it. Used in reverse -buy at high and sell at low.
Hello kind sir,

I'll post here because my comment has nothing to do with Laura's strategy.

Did you know that Williams %R = (Stochastic – 100)?

Below are %R(14,close; the blue line) and Stochastic with %K=14, Smoothing=1, %D=1 (the yellow line). The curves are identical (at least the way MT4 calculates them):
Attached Image (click to enlarge)
Click to Enlarge Name: PPI 1119.png Size: 22 KB

My experience is this: if we buy when W%R hits -20 by rising from below, then in many cases (for better or worse) we're entering after some confirmation of the swing low. Whereas if we buy when W%R hits -80 from below then we're getting in a little earlier (usually this means better price, but potentially a lower probability trade).

Happy trading ........ I think we're on a good thing in following LauraT.
David
  • #1,347
  • May 14, 2020 1:32am May 14, 2020 1:32am
Hanover

I have recently been following a thread here which is showing excellent promise its https://www.forexfactory.com/showthread.php?t=985306. I have seen the dashboad you produced on Laura's thread. If you do happen to have the time and also see promise in the thread it would be very useful to have a simple dashboard that shows and alarms the formation of the 3 bar fractals on each time frame together with an indication of when they are broken.

There is a very useful indicator which marks them on the chart which I have attached.

Many Thanks in Advance

Jon
Attached File(s)
File Type: mq4 sm3BarFractalBreak v2.0.mq4   7 KB | 486 downloads
  • #1,348
  • May 14, 2020 5:39am May 14, 2020 5:39am
Quoting money123456
If you do happen to have the time and also see promise in the thread it would be very useful to have a simple dashboard that shows and alarms the formation of the 3 bar fractals on each time frame together with an indication of when they are broken.
Hi Jon,

I'm very sorry but I'm not doing any coding requests, unless the indicator is useful to me personally. You could try posting on one of the "I code for free" threads. There are some other suggestions in 'MT4 programming' section in post #1.

Good luck, I hope you can find someone who can do the work.

David
  • #1,349
  • May 21, 2020 2:41pm May 21, 2020 2:41pm
Quoting here2there
++This trading strategy only applies to this thread! You are free to trade however you want, but if you are going to share trading ideas in here, then you must comply with the rules of this system............
Hello sir,

I'm posting here so that I don't disrupt your thread. Just wanted to say thanks for your links to the COT (especially) and currency quake strength sites, which I haven't seen before. Both of these currently provide excellent free APIs allowing programmers to download relevant info and potentially plot graphs of COT and currency/pair strength on (for example) MT4 charts. When I finally get some spare time (probably not too soon unfortunately, as I'm currently committed to other software projects) I'll look into this type of development, especially the COT longs/shorts. Writing another MT4 CSM would merely be reinventing the wheel, as there are already zillions of them around.

Thanks again,
David
  • #1,350
  • May 21, 2020 3:01pm May 21, 2020 3:01pm
Quoting hanover
{quote} Hello sir, I'm posting here so that I don't disrupt your thread. Just wanted to say thanks for your links to the COT (especially) and currency quake strength sites, which I haven't seen before. Both of these currently provide excellent free APIs allowing programmers to download relevant info and potentially plot graphs of COT and currency/pair strength on (for example) MT4 charts. When I finally get some spare time (probably not too soon unfortunately, as I'm currently committed to other software projects) I'll look into this type of development,...
You are welcome! It is my pleasure to help others. And thank you for the kind words.
Learn from your mistakes and march on.
  • #1,351
  • May 26, 2020 8:03pm May 26, 2020 8:03pm
Big respect Hanover
  • #1,352
  • Edited May 31, 2020 2:05am May 30, 2020 10:16am | Edited May 31, 2020 2:05am
Hi Hanover (David)

I have a simple task (for you) if I may be able to get into contact with you please.It is just a more simpler version of Laura's dashboard that is required.
  • #1,353
  • Jun 12, 2020 3:37pm Jun 12, 2020 3:37pm
Quoting bobydegood
OGT Big Range Bar is a simple indicator. which enables you to wait until there is money lying in the corner and all you have to do is to go over there and pick it up. while u do nothing in the meantime.- according to Jim Rogers.
I'll reply here to avoid taking the LauraT dashboard thread further off track.

1. The big range bar would generate different signals depending on which timeframe it's used. Which timeframe(s) does the institutional money use?

2. Some of the biggest bars are likely to be caused by the reaction to high impact news. Are there particular news events that you look for, to exploit, or avoid?

3. Do you use (broker tick) volume as added confirmation?

4. Just to confirm — the supply/demand zones occur at the high and low of the big range bar, as opposed to the open or close?

I will drop the indicator on a chart, and perform a visual backtest.
  • #1,354
  • Jun 12, 2020 6:15pm Jun 12, 2020 6:15pm
First of all, will say thank you for your reply.

1, institutional money doesn't always put too much emphasis on time-frame rather to price. However, if when they do is ( b/w 5min-1hr ... on intraday) especially 15min and 1hrs.

2, Of course, news play a role but has no major influence as the candle depends on the position of ATR at the time of the activity. often you see Big Range Bars with NO OGT signal. On the other hand, I monitor economic events not to trade the news but purely for speculation. However, I pay close attention to dates leading to VIX (Option)/VX Weeklys futures exception - (Typically expire/settle on Wednesdays. Exchange holidays on Fridays move the settlement to the proceeding Tuesday.)

3, yes volume is a must-have. for confirmation.

4, yes the supply/demand zones occur at the high and low of the big range bar

5, there is more consistency on the indicator when it appears through 2to3 different time frame simultaneously. e,g,15mins,30mins,1hr Or 1hr,4hr,daily, Or 5,15,30mins
  • #1,355
  • Jun 17, 2020 8:05am Jun 17, 2020 8:05am
So I have a question. Is it possible to create an EA that will move a stop loss to break even and only close a trade when a candle's closing price is above or below it (depending on the direction you are trading)?

I ask, because I have noticed that price will often reverse and hit break even and then continue in the direction the trader wanted to go, causing him or her to miss the bigger move. It would be ideal to get the potentially best price, turn it into a risk free trade, and avoid getting stopped out by stop hunters. I think a break even EA with such a stop loss rule would accomplish this.

It would be even better if it would work for a trailing stop.

But I don't know if that is possible. What do you say?
Learn from your mistakes and march on.
  • #1,356
  • Jun 17, 2020 2:11pm Jun 17, 2020 2:11pm
Quoting here2there
Is it possible to create an EA that will move a stop loss to break even and only close a trade when a candle's closing price is above or below it (depending on the direction you are trading)?
Yes I believe it's possible. You could try posting in one of the "I code for free" threads and hopefully a programmer will be kind enough to create it for you.
  • #1,357
  • Jun 18, 2020 12:05am Jun 18, 2020 12:05am
Hello hanover, idk if this would interest you but it did with me, but I think a dashboard could be nice. you can have a look if its worth your time.

https://www.forexfactory.com/showthread.php?t=1005139
  • #1,358
  • Jun 18, 2020 3:57am Jun 18, 2020 3:57am
Quoting MarkStep
I think a dashboard could be nice. you can have a look if its worth your time.
Thanks for alerting me to this. I had a quick look and agree that it does look interesting. However there is a lot of reading to figure out exactly what it's doing, and I'm behind with other software projects at the moment. I will have a another look if/when I get some time, but it might be a while.
  • #1,359
  • Jun 22, 2020 2:41pm Jun 22, 2020 2:41pm
Quoting hanover
{quote} Hello kind sir, I'll post here because my comment has nothing to do with Laura's strategy. Did you know that Williams %R = (Stochastic – 100)? Below are %R(14,close; the blue line) and Stochastic with %K=14, Smoothing=1, %D=1 (the yellow line). The curves are identical (at least the way MT4 calculates them):{image} My experience is this: if we buy when W%R hits -20 by rising from below, then in many cases (for better or worse) we're entering after some confirmation of the swing low. Whereas if we buy when W%R hits -80 from below then we're...

Hi Hanover, thanks for this post. Don't know if you could help me figure out what Stochastic %K=3 and slow= 1 in 30mins will give in one minute time frame? Will appreciate your kind answer.

Thanks.
  • #1,360
  • Jun 22, 2020 2:59pm Jun 22, 2020 2:59pm
Money,

Perhaps this would be useful:

Alert included
Attached File(s)
File Type: ex4 LineFractal.ex4   30 KB | 383 downloads
File Type: mq4 LineFractal.mq4   17 KB | 489 downloads
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