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Strategy Development

  • #1
  • First Post: Edited 11:48am May 21, 2022 11:37am | Edited 11:48am
Hello All Traders.

I create here to write new stories together.

Maybe some of you know we were another thread name is "ZigZag 3 Windows".

Member Crow share an indicator name is ZIG_ZAG_STARTLEVEL.ex4 .

and We develope that indicator more useful.

developer name is "walidchidmi"

i will share indicators at this first post.

As for the reasons why I opened this topic.

First reason is to help each other.

Second reason is to create new strategies in this thread so other users come here knowing that there are variable subects, so the zigzag forum only continues with its own indicator.

Third reason is to develope useful strategies, indicators or EA's by helping you.

What we will do?

We try to find the best all about forex like we did in the other thread.

I create this thread but this thread belongs to us. Because We will do everything together. and we share everyone.

We are builders! Coders and traders I invite you to put you in a brick.

This is first message and this post update day by day.

I demand from coders who did indicators' last updates and when they share at this thread. i put links in this first post.

Thanks to everyone for their contribution in advance.

I opened this topic quickly so that users would not be disturbed further. it was a quick first post

.....
  • #2
  • May 21, 2022 9:42pm May 21, 2022 9:42pm
Hi,friend. This method is very interesting and simple, please continue. https://www.forexfactory.com/thread/...9#post14007069
  • #3
  • May 22, 2022 1:23am May 22, 2022 1:23am
Hi Mate
Just thought I would touch base here and share with you another zigzag type indicator I think you may find worth while having a look at.
Attached File(s)
File Type: ex4 #4X 2011 XARD WAVE - Wavy Style mod BT.ex4   54 KB | 432 downloads
  • #4
  • May 23, 2022 1:09am May 23, 2022 1:09am
Good Morning.

Today my audusd theory worked for now. so usd selling could be finished. These day can be Market turning point.

as i metioned before. we need to find structure. our indicator's best pair is audjpy. but it is related to audusd. i am waiting structure.

Quoting P.Action
i want to tell you sth that is my idea. idea is about usd. usd will be sold until audusd touch this yellow area. 0,7120-0,7142. at that area find structure to buy usd. (sell another money i will decide at that moment) {image}
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  • #5
  • May 23, 2022 1:41am May 23, 2022 1:41am
Quoting lghr
Hi,friend. This method is very interesting and simple, please continue. https://www.forexfactory.com/thread/...9#post14007069
if one coder help us why not?
  • #6
  • May 23, 2022 2:04am May 23, 2022 2:04am
How have you got this setup
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  • #7
  • May 23, 2022 2:08am May 23, 2022 2:08am
I understand this version is still under development. Do you know what's happening with this one?
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  • #8
  • May 23, 2022 2:32am May 23, 2022 2:32am
Quoting Woodyz
I understand this version is still under development. Do you know what's happening with this one? {image}
This show us currency which has maximum point at shown time.
  • #9
  • May 23, 2022 3:13am May 23, 2022 3:13am
Quoting Woodyz
How have you got this setup {image}
The Time_Chose field is how frequent the program checks for new signals, i.e. the refresh rate. If you choose M5, it will only check for new signals every 5 minutes. Ideally if your computer can make it, you can choose Custom_Seconds, and let it scan every few seconds. If your computer is slower, then u have to use a slower refresh rate like M5 etc so that your MT4 will not hang.
  • #10
  • May 23, 2022 4:17am May 23, 2022 4:17am
EUR has got strength today. This is EURCAD M1
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  • #11
  • May 23, 2022 4:41am May 23, 2022 4:41am
Hi friends. i give you a perfect example from other maximum percent change system.

last weekly maximum percentage was USDCHF. look at below and understand what a perfect strategy.

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  • #12
  • May 23, 2022 4:55am May 23, 2022 4:55am
What was the strategy. i copy here.

Firstly i give you some example. send some blank chart.

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look at my highligted bars. they have common property. huge bar right?

but maybe you havent seen other common properties. that is our case. and we win money from that. but this method has some rule and rules should not be broken.

second and important common property is next bar. if you look next bar that bar has small wick opposite way. and continue main trend.

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so we can use this. there is huge RR. example if we use 1:4 if we enter 4 times and 3 are wrong 1 is true we are at breakeven point. if you look first chart there is trade 1 is wrong 3 is ok.

so if we risk 100usd per trade we gain 3 trade 1:4 so gain 1200usd we loss 1 trade -100usd so totally we gained 1100usd.

here is method and rules. we have 28 pairs we find maximum percentage bar and currency. minimum percentage bar an currency. which one is bigger we use that.
example maximum percentage bar +%0.30 audusd minimum percentage bar -%0.27 gbpcad we use audusd.
example maximum percentage bar +%0.42 eurusd minimum percentage bar -%0.45 gbpnzd we use gbpnzd.

we enter trade new bar open. we enter stop loss first bar length/5 and tp 4 times so rr is 1:4 and we do nothing.

we use thi method volatility times. example london session.
  • #13
  • May 23, 2022 5:03am May 23, 2022 5:03am
Quoting eess
EUR has got strength today. This is EURCAD M1 {image} {image}

Where do you think would be the best place to buy? lets try.
  • #14
  • May 23, 2022 5:08am May 23, 2022 5:08am
Quoting P.Action
{quote} Where do you think would be the best place to buy? lets try.

Friend, I have re-entered a second time, I have closed first trade at RR 1:1 because I saw a retracement, ideally I wanted to re-enter at the H1 support you see I marked on my chart with *, but it didn't retrace so much, so I re-enter again when M1 changes from red to green again, this is also my dilemma, not sure how much it will retrace. I would love to hear your feedback where u think is best place to re-enter.
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  • #15
  • May 23, 2022 5:25am May 23, 2022 5:25am
Quoting eess
{quote} Friend, I have re-entered a second time, I have closed first trade at RR 1:1 because I saw a retracement, ideally I wanted to re-enter at the H1 support you see I marked on my chart with *, but it didn't retrace so much, so I re-enter again when M1 changes from red to green again, this is also my dilemma, not sure how much it will retrace. I would love to hear your feedback where u think is best place to re-enter. {image} {image}
speaking outside of scalping

This is daily.

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This is hourly.

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here is 4 place to buy. dont forget trend is hard so every support will work high probability. but you should know what will you do which level do you your.

1st support is for scalp but if price returns from there high probability it goes aqua resistence. WHY?
Because if it returns from there, buyers are very willing.

2nd one is similar but ist resistence is green trendline.

3rd and 4th one is good also but you have to know sth again. how will price test there if huge bearish momentum would be less reliable. if price goes slowly it is more reliable.

so it is not about drawing. you have to write story of price action. every story tells you different things.
  • #16
  • May 23, 2022 5:32am May 23, 2022 5:32am
Quoting P.Action
{quote} speaking outside of scalping This is daily. {image} This is hourly. {image} here is 4 place to buy. dont forget trend is hard so every support will work high probability. but you should know what will you do which level do you your. 1st support is for scalp but if price returns from there high probability it goes aqua resistence. WHY? Because if it returns from there, buyers are very willing. 2nd one is similar but ist resistence is green trendline. 3rd and 4th one is good also but you have to know sth again. how will price test there if...

Thanks, will take a look and observe how it moves later I'm not into scalping, but those levels you draw are interesting to see the price movement later. I'm also watching the fibo levels.
  • #17
  • May 23, 2022 5:35am May 23, 2022 5:35am
by the way for today i prefer eur pairs in order good to worse.

eurusd/eurcad/eurpy/eurgbp

i would stay away eurchf/euraud/eurnzd. (maybe eurchf support can be used.)
  • #18
  • May 23, 2022 5:36am May 23, 2022 5:36am
Quoting eess
{quote} Thanks, will take a look and observe how it moves later I'm not into scalping, but those levels you draw are interesting to see the price movement later. I'm also watching the fibo levels.
the more lines the more confusion. choose less quantity
  • #19
  • May 23, 2022 5:44am May 23, 2022 5:44am
Quoting P.Action
{quote} the more lines the more confusion. choose less quantity

The trendlines you drew happens to coincide with the fibo levels too, more confluence actually.
  • #20
  • May 23, 2022 6:13am May 23, 2022 6:13am
Action.

More eurpy

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