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ZigZag 3 Windows

  • #101
  • Apr 28, 2022 3:29am Apr 28, 2022 3:29am
Quoting kasrafx
{quote} Thanks for your job and sharing the Dashboard. Can you suggest the best setting for "count bars" ?
you are welcome bro
I think the default sting is the best...
  • #102
  • Apr 28, 2022 3:33am Apr 28, 2022 3:33am
Quoting gerval
{quote} One question, in the second file (indec zig dash) do you have to match the parameters with the MTF? Or can it be left as it is by default? Thanks for the work, I'll try it
No just puting with indecateus and forget him..
Thnx bro..
  • #103
  • Apr 28, 2022 3:36am Apr 28, 2022 3:36am
Quoting Hercs
{quote} Thank you for sharing your DASHBOARD. on my chart, the names of the instrument are not shown. I copied everything from your explanation. It shows the numbers, but no arrows as well. Any suggestions plse? Hercs.
You wellcom bro..
Make sur that mt4 are connected whit internet..
If not working pllz update screenshot and postid to see ok bro
  • #104
  • Apr 28, 2022 4:04am Apr 28, 2022 4:04am
On gbpusd just now: I have noticed a bit of a lag between walidchidmi 's dashboard 15min red arrow appearing on gbpusd @ 2551bid and samsha786's red 2 signal appearing a few mins later when price was @ 2542bid. So the dashboard, on at least this occasion, gave the earlier signal by 8-10pips. Ie the 1min and 5min were already red arrows on the dashboard they having adjusted first, and then the 15min went red, and on the red 2 signal it would have been the same, the signal being produced when the 15min adjusted, presumably? For clarity's sake: the times in the right-hand side of the alarm dialogue box are broker times and the times in the left-hand side (with the bell next to them) when the alarm dialogue box /alarm actually appears/sounds, are Pc times, (presumably your local time if different from the broker time.)

Ie: on the screenshot below it was the 0951am alarm that first produced the signal, the 1000am above it was just me reloading the indy to get the dialogue box to pop up again to take this screenshot.
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Trader with an Edge.
  • #105
  • Apr 28, 2022 4:39am Apr 28, 2022 4:39am
On gbpusd: So far, using the 1/5/15min configuration, I have seen 5 signals in realtime that have been produced by Samsha786's red 2 (sell) or green 1 (buy) signal. 4 out of those 5 have shown good pip gain but if closed per his suggested method (when the 15min adjusts,) then the gain was +10 to 20pips on each, averaging +13pips. If using the stop-loss suggestion of under the green 1 or above the red 2, then this stop has been bigger than the average gain when a winner is produced closed by the method discussed above. So as he himself has suggested, and I have commented in a post, those rules need some more development. Only a very small sample so far, and not really representative yet, but an early indication. Anyone else have any recorded results so far?
Trader with an Edge.
  • #106
  • Apr 28, 2022 4:48am Apr 28, 2022 4:48am
I have tried with a fixed SL.
With the board with all the indications from H1 to M5 in the same color when changing M1 in favor of the TF I have made an operation with TP 25 pips and SL 20 pips. At the moment of 7 operations 6 lost, 1 with little TP.
The indicator is currently working fine.
  • #107
  • Apr 28, 2022 5:08am Apr 28, 2022 5:08am
Firstly, Thankyou too to walidchidmi for also sharing his work.

There are many ways we can use the stuff being developed here. It may, over a representative forward tested sample (s) prove to be a profitable edge in the market itself, on any particular settings with whatever trade management and risk settings applied. Currently I am using the dashboard to see each successively higher t/f change arrow colour (or not) to help keep me in a trade longer. I tend to be in earlier than the arrow on the dashboard, or indeed the green 1 or red 2 because my edge is essentially based around support/resistance so I get in early @ potential fractal swing points @ potential supp or res. But it 'adds comfort' to PA alone to help me stay in because when the zigzag adjusts on successively higher t/f's, that suggests the swing point might be getting potentially more significant and therefore potentially valid for more pip gain.
Trader with an Edge.
  • #108
  • Edited 6:22am Apr 28, 2022 5:40am | Edited 6:22am
Quoting Headland
{quote} ....The exception to this is (and I don't know whether your indicator would print a green 1 or red 2 signal on this occasion/in these circumstances) that let's say there is a strong trend, [a downtrend for eg,] and the red 2 sell signal has already been printed, but then comes an upside pullback sufficient to adjust the 1min or 1min and 5min zigzag(s) to a swing lo, but then the with trend selling starts again before the 15min adjusts to the same swing lo (that would have given a new green 1 buy signal,) and then the...
As discussed in my post quoted above, it would seem from walidchidmi's dashboard that when the 1min arrow adjusts to blue (in the case of this downtrend in gbpusd) and then adjusts back to red to be in-line with the red 5min and 15min arrows, another red 2 signal does not appear per samsha786's indy. (Ie when all 1min 5min and 15min arrows are red again.) This also did not happen when the 1 and 5min arrows turned blue then red again in-line with the 15min. So that question seems to be answered.

EDIT: another thought occurs, given the above, and the fact that if following samsha786's current exit/take profit rule that this is done when the 15min zigzag adjusts, then this would make it an 'always in the market' system as by then the 1min and 5min zigzags have adjusted also, before the 15min.

Also, whether always in the market or not, you have to consider how you are going to handle scheduled event risks like data releases, (see FF calender.)
Trader with an Edge.
  • #109
  • Apr 28, 2022 12:48pm Apr 28, 2022 12:48pm
Update: I have now seen 6 signals in realtime using samsha786,s indy on the 1/5/15min settings on gbpusd, and 5 out of 6 of them have been profitable. Really, using this indy may as well just be the 15min zigzag as it adjusts last after the 1min and 5min so those t/f's are effectively obsolete/not needed. It is the 15min adjustment that creates the signal.
Trader with an Edge.
  • #110
  • Apr 28, 2022 1:00pm Apr 28, 2022 1:00pm
Quoting Headland
Update: I have now seen 6 signals in realtime using samsha786,s indy on the 1/5/15min settings on gbpusd, and 5 out of 6 of them have been profitable. Really, using this indy may as well just be the 15min zigzag as it adjusts last after the 1min and 5min so those t/f's are effectively obsolete/not needed. It is the 15min adjustment that creates the signal.
Nice. Though 6 is not much to work with. Nice find that its only the 15min to be checked. True full backtesting of 1000s of past occurrences should then really be easy, right? Data hunting time !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #111
  • Apr 28, 2022 1:00pm Apr 28, 2022 1:00pm
Quoting Headland
Update: I have now seen 6 signals in realtime using samsha786,s indy on the 1/5/15min settings on gbpusd, and 5 out of 6 of them have been profitable. Really, using this indy may as well just be the 15min zigzag as it adjusts last after the 1min and 5min so those t/f's are effectively obsolete/not needed. It is the 15min adjustment that creates the signal.
Using the indicator with the original post, that is to say that the signal was on M1 when it was aligned with M5 and M15, today it has not worked well at all, in a market with a strong established trend it can work, with almost everything. But with fixed SL following the trend with today's test it has not given me positive results.

What Headland is saying is the opposite? That is, when M1 and M5 have the same color and M15 is aligned last, is that what he means?

And the exit? when does a lower TF change?.
  • #112
  • Apr 28, 2022 1:18pm Apr 28, 2022 1:18pm
Quoting Headland
Update: I have now seen 6 signals in realtime using samsha786,s indy on the 1/5/15min settings on gbpusd, and 5 out of 6 of them have been profitable. Really, using this indy may as well just be the 15min zigzag as it adjusts last after the 1min and 5min so those t/f's are effectively obsolete/not needed. It is the 15min adjustment that creates the signal.
Thanks for the update. Please also share your entry and exit price / time with pips in profit and loss.
  • #113
  • Apr 28, 2022 1:56pm Apr 28, 2022 1:56pm
Quoting Headland
Update: I have now seen 6 signals in realtime using samsha786,s indy on the 1/5/15min settings on gbpusd, and 5 out of 6 of them have been profitable. Really, using this indy may as well just be the 15min zigzag as it adjusts last after the 1min and 5min so those t/f's are effectively obsolete/not needed. It is the 15min adjustment that creates the signal.
Attached File(s)
File Type: ex4 MultiZigZag v3.ex4   12 KB | 1,164 downloads


Doesn't depend on other timeframes now - you can also put it on any chart now, i.e. works in any timeframe.
  • #114
  • Apr 28, 2022 3:03pm Apr 28, 2022 3:03pm
the ea that i work on it..
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  • #115
  • Edited 3:23pm Apr 28, 2022 3:10pm | Edited 3:23pm
Quoting samsha786
{quote} Thanks for the update. Please also share your entry and exit price / time with pips in profit and loss.
Hi,

Thanks for the reply and the v.3 indy.

Re results, today for eg the 'sell @ 2570' (0839am uk time) red 2 sell signal appeared when the price was actually @ 2553bid and the Buy @ 2411 (1551pm uk time) green 1 buy signal appeared when the price was actually @ 2435ask but both still showed good pip gain within your suggested stop of just beyond the red 2 or green 1 symbol that appears. As for exact times etc, (other than today) because I am not using the indy or the dashboard as an actual buy or sell signal (as explained in a post above) I am not really noting anything exact, just keeping a rough tally of those that showed good pip gain and those that didn't and got stopped out per your suggested stop level. As for the actual suggested take profit - well that has to be developed as we have discussed/noted in posts above, if using it as an entry/exit generator alone.

The 15min+ chart conditions in gbpusd since I started noting these in realtime earlier this week have been a very strong down move/bearish trend/sentiment with small pullbacks that haven't generally turned the 15min zigzag the opposite colour thus causing your indy to generate a signal, but may have caused the 1min and 5min to change colour (per the dashboard,) but when the 15min has changed colour and generated a signal per your indy it's been a buy 1 and a deeper pullback has ensued showing good pip gain. Perhaps this strongly trending market has flattered it?

EDIT: Actually, I have just scrolled back my gbpusd 1min chart since I started using it yesterday and it has given 12 signals, ie there are 12 red 2 sell or green 1 buy symbols printed. ( I hadn't realised they stay on the chart.) I have seen 6 of them (discussed above) in real-time in the most liquid part of the day when London forex and equities are open, (London morning,) and into the New York forex and equities session, (the effective London afternoon/U.s morning.) This may also be important, ie trading it only when the most liquid sessions are operating perhaps?
Trader with an Edge.
  • #116
  • Apr 28, 2022 3:23pm Apr 28, 2022 3:23pm
Quoting walidchidmi
the ea that i work on it.. {image} {image} {image} {image} {image} {image}
Excellent work, thank you for your efforts.

Quoting gerval
{quote} Using the indicator with the original post, that is to say that the signal was on M1 when it was aligned with M5 and M15, today it has not worked well at all, in a market with a strong established trend it can work, with almost everything. But with fixed SL following the trend with today's test it has not given me positive results. What Headland is saying is the opposite? That is, when M1 and M5 have the same color and M15 is aligned last, is that what he means? And the exit? when does a lower TF change?.
Yes, that is how the indy works, ie the 1min zigzag adjusts first (obviously,) then the 5min, and finally the 15min - which generates the green 1 buy or red 2 sell signal. The only exception to this is when 15min and 5min, or just 15min alone is already on say a red 1 sell signal for example, and price pulls back in opposite direction causing the 1min,and/or 5min arrow(s) colour to change to blue, per the dashboard.) Then say price starts going in the direction of the 15min again ie selling, and this causes the arrow colours on the dashboard to change back to red on 1min, and/or 5min...but in any event the indy does not generate a new signal in these circumstances. It is the 15min zigzag change only that generates the signal per the indy the way it currently set-up.
Trader with an Edge.
  • #117
  • Apr 28, 2022 3:40pm Apr 28, 2022 3:40pm
m1 buy signal (with buy arrow on m15 & m5).....11 pips scalp
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  • #118
  • Apr 28, 2022 4:00pm Apr 28, 2022 4:00pm
Currently, - using the indy, as it presently is, it only generates a signal when 15min zigzag adjusts/changes. So in a strong trend on t/f's above 15min there has to be a deep pullback that changes the 15min arrow colour (and generates a new anti-trend symbol per the indy,) and then back again to the arrow 'trend colour' if the trend continues after the pullback in price to another 'with trend' indy symbol. That is the only way to get involved with a trend as described per the indy. ie there has to be a deep/relatively deep pullback where you may lose on the anti-trend symbol that is produced before the with-trend symbol is produced. At the end of a trend you are likely to suffer too.

In the example of the downtrend, If say 5min and 15min are already on say the red arrow (per the dashboard) and the red 2 symbol has been printed per the indy, but 1min and/or 1min & 5min arrows then turn blue in a pull-back by price, but then turn red again as the trend continues after a shallower pullback. Perhaps it would be useful to get a new signal so you can get involved more with any trend? Of course there would be more risk of getting whipped about as well.
Trader with an Edge.
  • #119
  • Apr 28, 2022 4:18pm Apr 28, 2022 4:18pm
Quoting gerval
{quote} Using the indicator with the original post, that is to say that the signal was on M1 when it was aligned with M5 and M15, today it has not worked well at all, in a market with a strong established trend it can work, with almost everything. But with fixed SL following the trend with today's test it has not given me positive results. What Headland is saying is the opposite? That is, when M1 and M5 have the same color and M15 is aligned last, is that what he means? And the exit? when does a lower TF change?.

Do you mean you have entered the market when the 1min zigzag changed to be in line with the 5min/15min? Ie you used the 1min as your trigger for entry?
Trader with an Edge.
  • #120
  • Apr 29, 2022 3:07am Apr 29, 2022 3:07am
Quoting Headland
{quote} Do you mean you have entered the market when the 1min zigzag changed to be in line with the 5min/15min? Ie you used the 1min as your trigger for entry?
I was looking for the continuation of the marked trend in M5 to H1, with the trigger in M1, but when the trend ends and the retracements begin, they are lost with SL, or you have to hold DD until the HTF trend returns.
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