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Bollinger & MA

  • #101
  • Nov 2, 2022 2:45am Nov 2, 2022 2:45am
Quoting RickM
{quote} Volume conditions?, there is no volume data in forex and as a ex banker - surely you know that. I don’t think your’e being honest about your background. However, tick volume is workable for some traders so please call it by its real name so there’s no confusion. I better be positive now and suggest a good trending Bollinger Band set up is using two different bands based on 38/2 and 38/1. Works well in a EA, worth a try. Good luck everyone
Could you perhaps elaborate a bit more on the trading set up one would look for using the double bands?
  • #102
  • Nov 2, 2022 4:31am Nov 2, 2022 4:31am
Quoting Drewm
{quote} Thx for contributing; the volume indicator looks similar to the Waddahattarexplosion (WAE volume indicator) which I use on the Daily or H4 TFs.
Jeps, and I have tried that indicator, but it seemed to me that it was allways positive when my other indicators were positive. It never stopped me from taking a trade.

But there a many people that likes that indicator, so I am very currious about what I am missing.
MetaTrader 4 - so many advantages.
  • #103
  • Nov 2, 2022 4:32am Nov 2, 2022 4:32am
Quoting RickM
{quote} Volume conditions?, there is no volume data in forex and as a ex banker - surely you know that. I don’t think your’e being honest about your background. However, tick volume is workable for some traders so please call it by its real name so there’s no confusion. I better be positive now and suggest a good trending Bollinger Band set up is using two different bands based on 38/2 and 38/1. Works well in a EA, worth a try. Good luck everyone
Thanks Rick

I will try that for sure. Just a bit too busy right now. But I will!

Maybe you could share some results?
MetaTrader 4 - so many advantages.
  • #104
  • Nov 2, 2022 4:33am Nov 2, 2022 4:33am
Quoting Alp4991
{quote} Could you perhaps elaborate a bit more on the trading set up one would look for using the double bands?
Agree. Would be very interesting.
MetaTrader 4 - so many advantages.
  • #105
  • Nov 2, 2022 6:41am Nov 2, 2022 6:41am
Quoting Drewm
{quote} Thx for contributing; the volume indicator looks similar to the Waddahattarexplosion (WAE volume indicator) which I use on the Daily or H4 TFs.
the volume used is from the metatrader itself, just change the colors to match the template.
  • #106
  • Nov 2, 2022 6:49am Nov 2, 2022 6:49am
Quoting RickM
{quote} Volume conditions?, there is no volume data in forex and as a ex banker - surely you know that. I don’t think your’e being honest about your background. However, tick volume is workable for some traders so please call it by its real name so there’s no confusion. I better be positive now and suggest a good trending Bollinger Band set up is using two different bands based on 38/2 and 38/1. Works well in a EA, worth a try. Good luck everyone
I imagine that it is not necessary to exemplify here about the type of volume used in forex.

volume ticks is also volume as the name implies.

perhaps the information that you don't currently have is that the network that the banking market trades is not the same for ordinary traders as I am now.

so yes, in forex there is real volume being traded on the proper network which is not the same one currently used by me and you.

my tool doesn't require a change of strategies, because as stated earlier, it doesn't make mistakes, ever.

just as an institutional player will never make a mistake unless it is a bluff using the real volume on the appropriate network that apparently until now you were unaware of.

but don't worry, there is always time to seek knowledge, abandon the ego and be on the side of those who have the information we need.
  • #107
  • Nov 2, 2022 6:49am Nov 2, 2022 6:49am
Quoting RiskFighter
So this is the kind of alert that you get when a signal is present. I right now have decided to change this. I will make the robot to color the background of a chart which have a signal. That will be faster and easier to spot. {image}
Hi Risk Fighter,
The EA works fine but doesn't send an alert to my phone, just shows up on the terminal. Is this normal?
  • #108
  • Nov 2, 2022 7:26am Nov 2, 2022 7:26am
Monday and Tuesday I have been trading most of the signals that the BMA robot has provided in order to catch errors.
Now I begin to trade only the very best of the signals and I close the day when I have a profit of 1/2% og the beginning account balance.

But how di I find the best trades. Of cause there are the signal from BMA robot, the steepnes of the EMA50, the confluence from the stochastic and the multiple timeframe analysis. But I have more. It is NOT part of this thread, but I will mention it.

We all know several strategies which we like but do not trade. I have found a Dashboard somewhere and I changed it so that if you push the button of a pair, then all charts are changed to that pair. I don't know if such a dashboard exist (with the change all pairs function) anywhere. I cannot share my creation, because it has several flaws - which I can live with but my reputation cannot live with me releasing it officially.

So I place a number of charts on the screen. On each chart I put some indicators that I like. Then I can watch the current situation on a specific pair using different strategies. Se the examples attached. On the last picture you can see how the Dashboard changes all the charts to the same pair.
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MetaTrader 4 - so many advantages.
  • #109
  • Edited 8:08am Nov 2, 2022 7:31am | Edited 8:08am
Quoting kutato
{quote} Hi Risk Fighter, The EA works fine but doesn't send an alert to my phone, just shows up on the terminal. Is this normal?
Jep, that is the intention. And I could use a lot of time making it a Rolls Royce, but it does the job and it is fine for me. I have done a little to other users by making it possible to change colours after your likings, but I will not use a lot of time to develop it further.

The intention is to use it when you have several screens filled with charts. On a bar close you can have an alert - or better the charts that have a signal for you are coloured. You JUST DON`T NEED - to sit and stare on al the charts. Chose the few that have a colour. And if you want to nurse trades that you are in - those trades also has a colour. So the robot makes life easy when you are at the computer.
MetaTrader 4 - so many advantages.
  • #110
  • Nov 2, 2022 7:44am Nov 2, 2022 7:44am
So this is the chart it would paint. Can you point into a direction where we can find the rules to trade it?
Attached Image (click to enlarge)
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MetaTrader 4 - so many advantages.
  • #111
  • Nov 3, 2022 12:22am Nov 3, 2022 12:22am
An error in the robot: It was not possible to switch of Alert on the screen. It is corrected now.
Attached File(s)
File Type: ex4 BollingerMA_3.ex4   16 KB | 342 downloads
MetaTrader 4 - so many advantages.
  • #112
  • Nov 3, 2022 1:23am Nov 3, 2022 1:23am
Quoting RiskFighter
{quote} Jeps, and I have tried that indicator, but it seemed to me that it was allways positive when my other indicators were positive. It never stopped me from taking a trade. But there a many people that likes that indicator, so I am very currious about what I am missing.
I use the WAE for confluence to keep me out when volume is below the threshold line(Dead Zone line). With the sensitivity set to 150.
The high lighted area shows low volume.
Attached Image (click to enlarge)
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  • #113
  • Nov 3, 2022 4:26am Nov 3, 2022 4:26am
Quoting RiskFighter
An error in the robot: It was not possible to switch of Alert on the screen. It is corrected now. {file}
Just downloaded and set up to starting test in demo. Lets see how its go. Thanks for contribution.
  • #114
  • Nov 5, 2022 7:31am Nov 5, 2022 7:31am
Quoting RiskFighter
An error in the robot: It was not possible to switch of Alert on the screen. It is corrected now. {file}
Please if possible alert to MT4 mobile?
  • #115
  • Nov 5, 2022 10:25am Nov 5, 2022 10:25am
Quoting Night63
{quote} Please if possible alert to MT4 mobile?
I need to see some people follow the strategy before I do more work.

But I think that the alert allready can go to the mobile. I'll check it on monday.
MetaTrader 4 - so many advantages.
  • #116
  • Nov 5, 2022 10:48am Nov 5, 2022 10:48am
[quote = Drewm; 14207654] {quote} Tôi sử dụng WAE cho hợp lưu để ngăn tôi ra ngoài khi âm lượng dưới ngưỡng ngưỡng (ḍng Dead Zone). Với độ nhạy được đặt thành 150. Vùng có ánh sáng cao hiển thị âm lượng thấp. {image} [/ quote]
hello Drewm can you share your stats with me, thank you, have a nice weekend.
  • #117
  • Nov 5, 2022 11:04am Nov 5, 2022 11:04am
Your Strategy&Robot
My 2 trade..
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  • #118
  • Nov 5, 2022 11:14am Nov 5, 2022 11:14am
Please what using colors ??
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  • #119
  • Nov 5, 2022 11:33am Nov 5, 2022 11:33am
Quoting RiskFighter
Monday and Tuesday I have been trading most of the signals that the BMA robot has provided in order to catch errors. Now I begin to trade only the very best of the signals and I close the day when I have a profit of 1/2% og the beginning account balance. But how di I find the best trades. Of cause there are the signal from BMA robot, the steepnes of the EMA50, the confluence from the stochastic and the multiple timeframe analysis. But I have more. It is NOT part of this thread, but I will mention it. We all know several strategies which we like...
Hello friend, I've been watching the post and I would like you to take a look at the indicator I'm posting here, I think these trends can be better taken advantage of once again observing supply and demand through volume,


Knowing where the price wants to go, I usedthe bollinger as a buyer or seller limit, of course, always observing supply and demand through volume.

A small RSI filter to limit some false signals or traps.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 28 KB
Attached File(s)
File Type: ex4 @insider_3.0.ex4   12 KB | 249 downloads
  • #120
  • Nov 5, 2022 11:55am Nov 5, 2022 11:55am
Quoting Night63
Please what using colors ?? {image} {image} {image}
I use the colours that comes with the robot. Feel free to experiment.
MetaTrader 4 - so many advantages.
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