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High Level Accuracy Method – “3-bar pattern Indicator/Alert”

  • #321
  • Jun 14, 2022 8:38am Jun 14, 2022 8:38am
Quoting mrdfx
So this is what I've been working on, a dashboard scanner. Just a few more kinks to iron out and then its done. I'll share it once its ready as I think it will really help those who still trade with this strategy or similar. {image}
mrdfx

would you be able to replace the 3-Bar Reversal indicator with the 4-Bar Fractal indicator so that I may have a dashboard for the excellent continuation signals?

Thanks, John

Here is an example of how that work, great if you take 50% retracements on daily

Attached Image (click to enlarge)
Click to Enlarge Name: 2022-06-14_23-32-58.jpg Size: 408 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-06-14_23-35-45.jpg Size: 439 KB
Attached File(s)
File Type: mq4 4_Bar_Indi_MOD_.mq4   4 KB | 1,114 downloads
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  • #322
  • Jun 14, 2022 4:12pm Jun 14, 2022 4:12pm
@ mrdfx,

This is how I use the 4-Bar Fractal indicator

I look for Daily signals and Buy or Sell on the close

Still experimenting with actual Stop Loss and Take Profit

So far, TP at the ADR is working fine, but up to each trader to decide.

Thanks

Attached Image (click to enlarge)
Click to Enlarge Name: 2022-06-15_7-02-40.jpg Size: 329 KB
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  • #323
  • Jun 14, 2022 4:25pm Jun 14, 2022 4:25pm
Quoting danielbujor
{quote} Hi can you add a Moving average filter to HLA 3-bar method v1.10.ex4 to show the arrows only if above or below the MA Regards
Can you show us an example of where and how that is actually useful?

The 3-Bar is a Reversal indicator so the best signals are given when the price is far above or below any Moving Average.

What you ask for seems counter-intuitive to me, but if you can show us where it helps...

Also, it doesn't give very many signals, so the few arrows on the chart are not really annoying IMHO

For example, on this chart, with 20 EMA, do you want to eliminate the arrows above the MA or below the MA?

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  • #324
  • Jun 16, 2022 7:57am Jun 16, 2022 7:57am
Quoting danielbujor
{quote} Hi can you add a Moving average filter to HLA 3-bar method v1.10.ex4 to show the arrows only if above or below the MA Regards
And again, would you remove the arrows from above or below the MA?

I love it when a junior member makes a request and then returns to the forum ever again...



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  • #325
  • Jul 1, 2022 1:45am Jul 1, 2022 1:45am
Since I read this thread and also posted about the 4-Bar Fractal, my demo has been going great.

Of course, it's only DEMO, no need to tell me, but at least I have a Trade Explorer.

Almost 800 trades, when I get to +25% or 6 months positive, I might open a thread.

Cheers

And Happy Canada Day to all those guys, July 1, if you don't know



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  • #326
  • Jul 1, 2022 2:22am Jul 1, 2022 2:22am
Hi Erebus
Great Result!!
One question how much do you risk per trade?
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  • #327
  • Jul 1, 2022 2:48am Jul 1, 2022 2:48am
Quoting Katfx
Hi Erebus Great Result!! One question how much do you risk per trade?
I use an EA to set the stop loss and take profit for me and it has a risk position size calculation function.

I started out with a 0.10% risk which on a Daily chart, pretty much means the minimum of 0.01 lots for all pairs.

So anyone could do that manually without much trouble; whether they have the stamina to place trades daily is another discussion.

There were a few sure-fire trades that I increased to 0.50 and of course, they lost; you can see the dip in the graph.

And sometime in June, I increased to 0.20% so again, check the Trade Explorer, some trades were 0.02 and even 0.03.

In fact, the Trade Explorer has so much useful information, is well worth your time to click all the various displays there, and so much to learn.

Probably I should mention that as well as the risk, I have been fine tuning the stop loss and take profit, so check the early trades and see if you can tell any difference with the current trades. The point being, it hasn't just been a set and forget since the beginning but nearly there.

This was the 1st time I placed any trades on the Monthly signal, for instance, see below.

Thank you for your interest.

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  • #328
  • Jul 1, 2022 4:41am Jul 1, 2022 4:41am
Great results! You risked only 0.1% and archive 16%. Awesome
I will be following your progress.
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  • #329
  • Aug 28, 2022 10:38am Aug 28, 2022 10:38am
Quoting Erebus
@ mrdfx, This is how I use the 4-Bar Fractal indicator I look for Daily signals and Buy or Sell on the close Still experimenting with actual Stop Loss and Take Profit So far, TP at the ADR is working fine, but up to each trader to decide. Thanks {image}
In the chart did you use sweetspot as support and resistance to know your entry? is that what you mean by...{ Buy or Sell on the close}.........(of that Daily Candle)?. Can you share the horizontal lines indicator and the setting?Thanks.....Thread is (High Level Accuracy)
  • #330
  • Sep 1, 2022 9:40pm Sep 1, 2022 9:40pm
Quoting Erebus
{quote} mrdfx would you be able to replace the 3-Bar Reversal indicator with the 4-Bar Fractal indicator so that I may have a dashboard for the excellent continuation signals? Thanks, John Here is an example of how that work, great if you take 50% retracements on daily {image}{image} {file}
Please Add. Alert Buy only and Alert Sell only.
Please excuse the bad English via Google Translate.
  • #331
  • Sep 2, 2022 4:56pm Sep 2, 2022 4:56pm
Quoting Slingshots1
{quote} In the chart did you use sweetspot as support and resistance to know your entry? is that what you mean by...{ Buy or Sell on the close}.........(of that Daily Candle)?. Can you share the horizontal lines indicator and the setting?Thanks.....Thread is (High Level Accuracy)
Just catching up on this thread.

No, not using S & R for entry, just the 4-Bar dots as per that chart.

That round number indicator used to be free, doesn't work anymore, and now there is a paid version which cannot be mentioned.

I now use this, get it while it's still FREE

https://www.mql5.com/en/market/produ...source=Unknown

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  • #332
  • Sep 2, 2022 5:00pm Sep 2, 2022 5:00pm
Quoting dokopy
{quote} Please Add. Alert Buy only and Alert Sell only.
That doesn't make any sense to me; first, I want to use it on the Daily chart so not many signals

And it is totally a reversal signal, not a continuation signals, so every signal is important

Then check the chart to see the price action, make trade decision based on that

Just my opinion



PS: he is working on the dashboard, be patient
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  • #333
  • Sep 3, 2022 7:44am Sep 3, 2022 7:44am
Quoting Erebus
{quote} That doesn't make any sense to me; first, I want to use it on the Daily chart so not many signals And it is totally a reversal signal, not a continuation signals, so every signal is important Then check the chart to see the price action, make trade decision based on that Just my opinion PS: he is working on the dashboard, be patient
I use the indicator to predict the direction from the box. I have already modified the code amateurishly. The original indicator has a small error. In rare cases, it will only start showing arrows after a reboot.
Please excuse the bad English via Google Translate.
  • #334
  • Sep 4, 2022 3:49am Sep 4, 2022 3:49am
Quoting danielbujor
{quote} Hi can you add a Moving average filter to HLA 3-bar method v1.10.ex4 to show the arrows only if above or below the MA Regards
For filtering I use the color of the chart bars plus the color of the Heiken Ashi bars. Only by hand, because I don't know how to program.
Please excuse the bad English via Google Translate.
  • #335
  • Sep 6, 2022 12:51pm Sep 6, 2022 12:51pm
Quoting Erebus
{quote} mrdfx would you be able to replace the 3-Bar Reversal indicator with the 4-Bar Fractal indicator so that I may have a dashboard for the excellent continuation signals? Thanks, John Here is an example of how that work, great if you take 50% retracements on daily {image}{image} {file}
Hi Erebus, it took a while but here it is. :-)

To make things easier I simply added your indicator as an option to use in the indicator settings. You can set the other 2 indicators to false and the 4 Bar Indi MOD to true then it should work.

Please test it and let me know if t works the way you want it to. Btw the 4 Bar Indi MOD indicator had an array error which I fixed so I would use this version attached instead.
Attached File(s)
File Type: ex4 HLA 3 Bar + 2 Bar Reversal Dashboard Scanner.ex4   149 KB | 723 downloads
File Type: mq4 4_Bar_Indi_MOD_.mq4   4 KB | 725 downloads
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  • #336
  • Sep 6, 2022 10:09pm Sep 6, 2022 10:09pm
Hi mrdfx, I have downloaded the scanner. Only the attached screen appeared but no signal. What have I done wrong? Thank you.

Corinna
Attached Image (click to enlarge)
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  • #337
  • Sep 6, 2022 11:46pm Sep 6, 2022 11:46pm
Quoting Corinna
Hi mrdfx, I have downloaded the scanner. Only the attached screen appeared but no signal. What have I done wrong? Thank you. Corinna {image}
Did you install the indicators as well?

I have different problem, all sell signals for the 4-Bar

Obviously can't be right

Attached Image (click to enlarge)
Click to Enlarge Name: 2022-09-07_14-44-23.jpg Size: 191 KB
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  • #338
  • Sep 6, 2022 11:59pm Sep 6, 2022 11:59pm
Quoting mrdfx
{quote} Hi Erebus, it took a while but here it is. :-) To make things easier I simply added your indicator as an option to use in the indicator settings. You can set the other 2 indicators to false and the 4 Bar Indi MOD to true then it should work. Please test it and let me know if t works the way you want it to. Btw the 4 Bar Indi MOD indicator had an array error which I fixed so I would use this version attached instead. {file} {file}
Thanks so much for this, much appreciated, I'm sure it took too much of your time!

However, seems to be a glitch there somewhere, only getting SELL signals as per the chart I posted.

Tried on Global Prime broker, no suffix and IC Markets, "a" suffix, both the same result.

Hopefully, can be fixed easily, cheers.
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  • #339
  • Sep 7, 2022 1:15am Sep 7, 2022 1:15am
Quoting Erebus
{quote} Did you install the indicators as well? I have different problem, all sell signals for the 4-Bar Obviously can't be right {image}
Yes. I have downloaded and installed both the indicators.
  • #340
  • Sep 7, 2022 4:00am Sep 7, 2022 4:00am
Quoting Corinna
{quote} Yes. I have downloaded and installed both the indicators.
Try each Dashboard by itself, and use less instruments / pairs, not the whole MarketWatch

Is there suffix or not suffix perhaps?

Hope mrdfx will appear soon...

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