ZigZag 3 Windows | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

ZIGZAG Indicator 56 replies

Zigzag indicator with pip count? 9 replies

MT4 slowing down in Windows 7/Windows 10 6 replies

ZigZag 2 replies

Alert for zigzag? 1 reply

Attachments: ZigZag 3 Windows
Exit Attachments

ZigZag 3 Windows

  • #141
  • Edited 5:39pm Apr 29, 2022 9:12am | Edited 5:39pm
Quoting Hercs
{quote} Are you being serious? I have been trading for 23 years and if I don't know the basics of Internet connectivity, what am I doing here? But I guess you took the p-- out of me and I don't mind that at all. Hercs. Today this showed up. {image}
THE problem was the pair number Digits .. plz download this version and delet the old
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DIGIT.png Size: 38 KB
Click to Enlarge Name: clr.png Size: 84 KB
Attached File(s)
File Type: ex4 indec_zig_dash.ex4   15 KB | 1,121 downloads
File Type: ex4 ! ZIG DASF MTF Clr.ex4   32 KB | 1,249 downloads
  • #142
  • Apr 29, 2022 9:24am Apr 29, 2022 9:24am
Quoting walidchidmi
{quote} THE problem was the pair number Digits .. plz download this version and delet the old {file} {file} {image}
Was able to load it on the chart. Thank you so much!
  • #143
  • Apr 29, 2022 9:28am Apr 29, 2022 9:28am
Quoting samsha786
{quote} small tfs line up with M15
ok, I tried it entering with M1 and it didn't work very well for me, just looking for shorter routes takes advantage of the impulse, tell us how it works for you like this.
  • #144
  • Apr 29, 2022 9:37am Apr 29, 2022 9:37am
Quoting gerval
{quote} ok, I tried it entering with M1 and it didn't work very well for me, just looking for shorter routes takes advantage of the impulse, tell us how it works for you like this.
This is the original indicator shared by CROW here (ZIG_ZAG_STARTLEVEL):
https://www.forexfactory.com/thread/...gzag-3-windows

I created my own indicator using data from CROWS indicator (MultiZigZag):
https://www.forexfactory.com/thread/...9#post13983419

This indicator takes care of aligning the M1, M5 and M15 timeframes. On alert of a signal, I take the trade. That's it!
  • #145
  • Apr 29, 2022 10:00am Apr 29, 2022 10:00am
Quoting walidchidmi
{quote} THE problem was the pair number Digits .. plz download this version and delet the old {file} {file} {image}
Much appreciated.
Continued success to you and a restful weekend.
Hercs.
Hercs
  • #146
  • Apr 29, 2022 10:30am Apr 29, 2022 10:30am
Any possibility to making the price tags-colours in a contrasting colour such as Black, Blue as a separate insert in the Indicator's INPUTS LABEL please?
Attached Image
Hercs
  • #147
  • Edited 2:02pm Apr 29, 2022 1:39pm | Edited 2:02pm
Quoting Headland
...just had only the 2nd samsha786 indy signal of my trading session on gbpusd with alarm and dialogue box giving a sell @ 2553bid .....interestingly the red arrow on the dashboard came @ 2559bid confirming again that there is a lag between the two. The red 2 sell of the indy symbol is printed @ the current hi of the day on this pairing, @ 2583. 1min gbpusd below {image}
That signal described above gave a max profit of between 28 and 23pips depending on whether you went with the dashboard or the indy that produces the red 2 sell symbol.

Re gbpusd again, the 3rd signal of the day re the 15min trigger came when price was @ 3548ask when the green 1 buy symbol was printed by samsha786's indy, slightly earlier re the 15min arrow change to blue on walidchidmi's (version 1) dashboard when price was @ 2542 ask. The green 1 buy symbol per the indy is printed @ the swing lo of 2530 and so far price has seen a hi of 2614, so a maximum +72pips available from that within samsha786's suggested stop level of just below the green 1 symbol, (take profit and trade management technique/tactic allowing.)

So, all 3 indy signals re the 15min trigger have been profitable today, theoretically, but of course the extent to which depends on your trade management/take profit method. Certainly the (initial) stop suggestion area by samsha786 seems very sensible. For me, on gbpusd only, on signals generated by the indy in realtime, in the most liquid parts of the trading day (as discussed in a previous post) I have seen 9 signals generated by the indy in real-time, 8 of which were profitable in terms of pips available for profit, take profit/trade management technique/tactic allowing. A small sample so far-yes, and not representative yet, but a promising one with an 89% winning rate so far. Will be interesting to see how it performs when the market is rangy, not trending with big pullbacks. Perhaps it might turn out that if using the 15min trigger one should do so only when the 1hr(+) is trending, and if it is ranging, use the 5min trigger? Time will tell.

Gbpusd 1Hr below shows where these signals today have placed the green 1 buy, and red 2 sell symbols per the indy. You can see that it has been a strongly bullish day, much like the 2 days before it which were strongly bearish and on which I have been monitoring this in real-time.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
Trader with an Edge.
  • #148
  • Apr 29, 2022 1:58pm Apr 29, 2022 1:58pm
Quoting Headland
{quote} That signal described above gave a max profit of between 28 and 23pips depending on whether you went with the dashboard or the indy that produces the red 2 sell symbol. Re gbpusd again, then the 3rd signal of the day re the 15min trigger came when price was @ 3548ask when the green 1 buy symbol was printed by samsha786's indy, slightly earlier re the 15min arrow change to blue on walidchidmi's (version 1) dashboard when price was @ 2542 ask. The green 1 buy symbol per the indy is printed @ the swing lo of 2530 and so far price has seen a...
Thanks for the analysis Headland... I had good fun today. Very high win rate. I tried all pairs including gold and silver. I too wonder if the market conditions were right today and on a different given day, the results might be the opposite. As you say... time will tell. For now, very promising.
  • #149
  • Apr 29, 2022 5:41pm Apr 29, 2022 5:41pm
Quoting Hercs
Any possibility to making the price tags-colours in a contrasting colour such as Black, Blue as a separate insert in the Indicator's INPUTS LABEL please? {image}
yes it don plz chek post https://www.forexfactory.com/thread/...4#post13986094
and just download ! ZIG DASF MTF Clr.ex4 file ..
  • #150
  • Apr 30, 2022 3:08am Apr 30, 2022 3:08am
There was a 4th and final gbpusd signal (in real-time) yesterday per the 15min trigger generated by the dashboard and indy. I did see it just as I was coming away from the desk last London evening. The indy placed the red 2 sell symbol @ 2614 swing hi, and it printed and gave the alarm/dialogue box when price was @ 2593bid. The 15min dashboard arrow turned red slightly earlier @ 2598bid. Max pips available up to the market close for the weekend was +28. So for me on gbpusd since I started monitoring it (on this gbpusd pairing only) on the 15min trigger, in real-time, on Weds, there have been 10 signals re the 15min trigger and 9 have shown profit. That is a 90% winning rate - in strongly trending 30min/1Hr (+) market conditions with few in number but when they did happen, - big pullbacks. Still not a representative sample size yet, but it probably gives a good indication of the type of performance it may give in these higher t/f (than the trigger t/f) market conditions. Of course there remains I think the matter of getting the take profit/trade management optimized, but it seems on this evidence so far that samsha786's suggestion of putting the stop just beyond the green1 buy or red 2 sell signal symbol generated by the indy, is about right.

And that, I strongly suspect, and as voiced by samsha786 as well, will be the real killer for this indy if trying to trade 15min signals in a 1Hr (+) ranging market. Look at the gbpusd 1Hr screenshot below - a ranging market - will the 15min trigger perform so well in these conditions? I doubt it, which is why it may be better to drop down to a 5min, (maybe even a 1min trigger?) in these market conditions. We'll see.

For those hoping to develop a profitable EA based around this zigzag logic, as put forward by the original poster/thread starter Crow, you may want to consider allying it to something like the adx indicator (average directional index) as well, to determine when a market is trending or ranging, and thus determine which t/f trigger is more appropriate,? should our suspicions re the 15min trigger in a 30min/1Hr (+) rangy market be borne out.

Of course these are not the only t/f's and the same would be true of say a 1hr trigger in a 4hr (+) trending or ranging market, and dropping down to a 15min trigger when it ranges...etc etc...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
Trader with an Edge.
  • #151
  • Edited 5:30am Apr 30, 2022 4:03am | Edited 5:30am
What we know so far; (Please feel free to add to this list,) - it is in no particular order

1. Walidchidmi's dashboard arrows change at the same time as crow's indicator. Samsha786's alert/dialogue box indy and red 2 sell or green 1 buy symbols appear a few pips later.

2. There are effectively two 'main' ways to trade this.


a. Assuming a 15min trigger - (it could be any t/f) The 1min zigzag will adjust first, then the 5min, then the 15min and it is the longer t/f (15min) that generates the alert re samsha786's indy. He has published just a 'one t/f' indy in this respect (v.3) but suggests that the up to v.2 indy suffers less of a lag than the v.3 (as described above.)

b. Trade the shorter t/f trigger adjustment when the next 2 t/f's are showing one/the same direction. So for example, (and using this 1min, 5min, 15min t/f combo,) when the 5min and 15min are showing say a sell, then wait for the 1min to adjust to a sell and enter the market in the direction of 5/15min. Currently, samsha786's published indy does not accommodate this unless you put the indy on all t/f's, and await the shorter t/f alert. [Theoretically, this could be done in the indy inputs on 1min: by entering 1min, 1min, 1min, 5min: by entering, 1min, 1min, 5min, and on 15min: by entering 1min, 5min, 15min. (?)] Alternatively use crow's indy on all 3 t/f's, or indeed walidchidmi's dashboard arrows.


3. Re published info on this thread - there is currently small sample indicative evidence to suggest this indy/method/logic per a. above (on 15min trigger) performs well in strongly trending 1Hr (+) markets with deep pullbacks, in the most liquid parts of the trading day.

4. There is currently conflicting published evidence on the b. method of trading it.

NB: Of course with this evidence published, we don't absolutely know the 'competence' of the user and/or what stop/take profit/trade management technique has been used to obtain it.

5. The stop placement suggestion by samsha786, ie just beyond the swing hi or lo on the trigger t/f for method a, (and presumably method b?) seems good thus far.

6. The original poster/thread starter crow suggests/uses method b, and further using suggests what he calls ' oscillator filters ' to enhance the signals/results obtained from them.

7. I would suggest that the evidence so far published may be indicative, but is not yet representative, so be wary of anyone 'raving' about it yet lol! A Trading Edge is not an edge until you have a representative sample (s,) of trades in the market conditions you intend to trade it in. Only then can you begin to work out what you need to know about it. I refer you to this brief thread for more on that: Why Traders lose money and how to start being consistently profit | Forex Factory
Trader with an Edge.
  • #152
  • Apr 30, 2022 7:46am Apr 30, 2022 7:46am
Guys, find a trading style that suits you and work with it. I won't be contributing further to this forum. Make what you like of these results. I started trading it manually to understand it better, before taking the easier route.

I will say that it works great for me during very liquid times. That's it!

Best of luck!

Attached File(s)
File Type: xlsx ZIGZAG Results.xlsx   20 KB | 759 downloads
  • #153
  • Apr 30, 2022 9:05am Apr 30, 2022 9:05am
Great results samsha786, thanks for posting. I won't address this directly to you because you have said you have finished contributing to the thread.

Here are the stats; (assuming the gain total shown is gross of the commissions total shown.)

Total trades: 85
Total winning trades 75
Total Losing trades 10
Total gain +238.1pips gross, +206.7pips net of commissions.
Win rate 88.2%
Longest winning run of trades 34
Longest losing run of trades 2
Average win trade +4.24pips gross
Average losing trade -8.66pips gross
Biggest winner +24.5pips gross
Biggest Loser -19.3pips gross
Expectancy per trade +3.28pips gross

Although average loser is greater than average winner, there is a very high win rate and a positive expectancy, and the biggest winner was bigger than the biggest loser. (Outliers?) Your chances of having 3 consecutive losses are less than 1%, and 3 is likely to be the longest maximum consecutive losing run of trades. (Doesn't mean to say one or both of these metrics can't be exceeded, just that these are the probabilities.) Let's assume for the sake of the argument that your sample of 85trades is representative (notwithstanding our recent discussions on this matter re trending/ranging markets,) then you could be fairly aggressive with risk, given the sample stats. I would advise that It probably isn't for at least these reasons, but may be very indicative.

Some say that to get a 'really accurate' picture, one should remove any outliers, ie biggest winner (s) and loser (s) if they are way bigger than the averages, then run the stats again.
Trader with an Edge.
  • #154
  • Apr 30, 2022 9:39am Apr 30, 2022 9:39am
As you say, it's still too early to know if it gives a real advantage, but for now the data shared by you and samsha786 is pretty good.

Yesterday I visited the thread you describe and I encourage you to continue contributing as it is interesting.

As for the indicator, which hasn't been tested for long enough and my knowledge is limited, I see that it can give good signals in a trending market and will hurt ranges unless filtered with something to keep us out in these ranges.
  • #155
  • Apr 30, 2022 10:53am Apr 30, 2022 10:53am
Quoting Headland
There was a 4th and final gbpusd signal (in real-time) yesterday per the 15min trigger generated by the dashboard and indy. I did see it just as I was coming away from the desk last London evening. The indy placed the red 2 sell symbol @ 2614 swing hi, and it printed and gave the alarm/dialogue box when price was @ 2593bid. The 15min dashboard arrow turned red slightly earlier @ 2598bid. Max pips available up to the market close for the weekend was +28. So for me on gbpusd since I started monitoring it (on this gbpusd pairing only) on the 15min...
Some real gold nuggets here!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #156
  • Apr 30, 2022 11:11am Apr 30, 2022 11:11am
Quoting gerval
As you say, it's still too early to know if it gives a real advantage, but for now the data shared by you and samsha786 is pretty good. Yesterday I visited the thread you describe and I encourage you to continue contributing as it is interesting. As for the indicator, which hasn't been tested for long enough and my knowledge is limited, I see that it can give good signals in a trending market and will hurt ranges unless filtered with something to keep us out in these ranges.
Quoting Headland
...That is a 90% winning rate - in strongly trending 30min/1Hr (+) market conditions with few in number but when they did happen, - big pullbacks. ... I strongly suspect, and as voiced by samsha786 as well, will be the real killer for this indy if trying to trade 15min signals in a 1Hr (+) ranging market. Look at the gbpusd 1Hr screenshot below - a ranging market - will the 15min trigger perform so well in these conditions? I doubt it, which is why it may be better...
Quoting Headland
...you may want to consider allying it to something like the adx indicator (average directional index) as well, to determine when a market is trending or ranging, and thus determine which t/f trigger is more appropriate,? should our suspicions re the 15min trigger in a 30min/1Hr (+) rangy market be borne out. Of course these are not the only t/f's and the same would be true of say a 1hr trigger in a 4hr (+) trending or ranging market, and dropping down to a 15min trigger when it ranges...etc...
With Headland's basic but extremely important insights, many approaches can be developed. For example, certain strats that work better in trending mode, a too close and diverging MA + larger MA (example:*4) is all it takes to lower the bad trades just enough. Sometimes, that is also the time to range trade against the zig zag or whichever indi. As long as it is optimized by going through enough occurrences (1000s) in the past of course.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #157
  • Apr 30, 2022 2:35pm Apr 30, 2022 2:35pm
Interesting, I will follow this thread and incorporate with my system. There is a slight similarity in reading frames in order from M15 - M5 - M1 on my system.
Keep the faith and keep going
  • #158
  • May 1, 2022 10:21pm May 1, 2022 10:21pm
As you can see the indicators have been loaded on the chart ok, although I am not getting any signals.
I have no idea why this is, can someone please help
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 43 KB
  • #159
  • May 2, 2022 10:48am May 2, 2022 10:48am
Quoting Woodyz
As you can see the indicators have been loaded on the chart ok, although I am not getting any signals. I have no idea why this is, can someone please help {image}
i have a similar. On two separate charts m1/m5 with zizag start lvl ,are changeing.
But dashboard isfrozen.
  • #160
  • Edited 11:24am May 2, 2022 11:11am | Edited 11:24am
Sorry, can't help with the above.

Just to be clear though (taking the instructions from the indys/dashboard developers)

a. Zig_Zag_StartLevel indy (by crow) works on it's own.
b. The MultiZigZag indy ( by samsha786) needs the indy in a) above to be in your MQL4>Indicators folder.
c. The Zig_DasF_MTF dashboard ( by walidchidmi) needs the indec_zig_dash indy to be in your MQL4>Indicators folder.

------------------------------------------

Today there has only been only one signal from the 15min MultiZigzag indy (b above) and it came @ 0910am Uk time when price was @ 2573bid. Although the alert dialogue box said 'sell @ 2588,' this is obviously when the dashboard arrow and (a) above changed. The indy didn't place a red 2 symbol on the chart - the 2nd time I have noticed this in my forward testing sample so far monitoring it.) This is presumably because like the last time it happened, there has been no intervening green 1 buy symbol generated and the red 2 symbol from Friday @2614 was still 'valid?' This signal too ended in profit and so this makes a winning rate of 10 out of 11 in my sample so far using the 15min trigger on gbpusd only.
Trader with an Edge.
0 traders viewing now