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Easy indicator

  • #1
  • First Post: Oct 13, 2023 12:36am Oct 13, 2023 12:36am
I started another PROP account. This time the company seems to think, that robot traders are not real traders. And a robot trader must be allowed to use a robot by contacting Risk Management Department. Well, they do not answer a request. Then what? I am a lousy manual trader. (Not a real trader then). I tried to manually take som signals from a robot on another account and manually trade them with this new PROP firm. It doesn't work for me. So I needed to find the simplest possible trading strategy, that even I cannot screw up. I got it. Moving Average Cross. Simple. Then use some other indicators as confluent supporters, but the trigger is the MA Cross.

Well - it is borring starring at those MA's awaiting the cross to come. I made it a bit easier with a small indicator. It change the background colour of the chart in 4 ways. This cach your eyes much easier.

  1. If the Trigger MA is above the Base MA, I have set the colour to Navy.
  2. If the Trigger MA is below the Base MA it is set to DarkRed.
  3. ProfitColour: When a certain percentage of profit has been reached, set another colour. Then I can stop trading.
  4. LossColour: When a certain percentage of loss has been reached, set yet another colour. Then I MUST stop trading. This is usefull to PROP traders.

You can set the colours to your own liking. NOTE! The mode of the MA's are Linear Weighted. That is important. Cannot be changed!!

No# 3 and 4 must be calculated every day and updated in the indicator.

So I share this little indicator here. It is for the best trading platform ever - MT4.

If you find it usefull, then please tell me and others which confluence indicators or PA that you will use with it.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 7 KB
Attached File(s)
File Type: ex4 MA_Background_V1.ex4   9 KB | 727 downloads
MetaTrader 4 - so many advantages.
  • #2
  • Oct 13, 2023 2:01am Oct 13, 2023 2:01am
Great idea RiskFighter. Thank you very much! Does the indicator have an expiration date?
  • #3
  • Oct 13, 2023 3:02am Oct 13, 2023 3:02am
Quoting kofix11
Great idea RiskFighter. Thank you very much! Does the indicator have an expiration date?
No, I don't use that.
MetaTrader 4 - so many advantages.
  • #4
  • Oct 13, 2023 3:15am Oct 13, 2023 3:15am
My version + add
Attached File(s)
File Type: mq4 MA_ALERT_IND.mq4   3 KB | 554 downloads
  • #5
  • Edited 9:32am Oct 13, 2023 8:16am | Edited 9:32am
I think if we can choose the MA mode, it will be great!. Thank You..

Edit. when I tried to delete the indicator, the backgrounds remain...with out the indi...
"Great Men are not born great, They Grow Great."
  • #6
  • Oct 14, 2023 4:27am Oct 14, 2023 4:27am
Quoting MyProfit
I think if we can choose the MA mode, it will be great!. Thank You.. Edit. when I tried to delete the indicator, the backgrounds remain...with out the indi...
Jep. The indi sets the background. Just press F8 and choose the background colour that you wish.
MetaTrader 4 - so many advantages.
  • #7
  • Oct 14, 2023 4:32am Oct 14, 2023 4:32am
Can you really trade and profit by using only 2 moving averages. Well maybe you should help a little.

In the evening go over the 28 Forex pairs. Make a top down analyzis. You will find a number af pairs that you think will move in a direction the next day.

The next day have only these pairs on the screen and all you need is a tool to tell you when to take the scalps. A crossing MA is very perfect for that purpose.

Using my indicator you don't even need to follow the MA's, just trade when the colour changes in the direction that you want to trade.
MetaTrader 4 - so many advantages.
  • #8
  • Oct 14, 2023 4:43am Oct 14, 2023 4:43am
Two days ago you could see on the daily. Price had reached the top of a channel which has been there for the whole of 2023. Price were bound to go down in near future.
On chart no# 2 you see the H4 timeframe. At thursday noon Halftrend give the signal and MACD is going into short. Also my favorit MA 50 is broken. There you go. You could sit all day and scalp in a low timeframe just using MA crosses to get in and out.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 32 KB
Click to Enlarge Name: screenshot.png Size: 28 KB
MetaTrader 4 - so many advantages.
  • #9
  • Oct 14, 2023 7:37am Oct 14, 2023 7:37am
OK. I am not used to trade manually, but now I have to, as I bought 2 PROP accounts and the does not accept a robot. Here is my approach.

I have by top down analysis found 10 pairs which should be going short and 4 going long. I use 3 screens. All 14 pairs will be placed on the center screen on a 1 hour TF. When I get a signal (use Halftrend) in the direction I think, then the pairs will be put on the 2 other screens. One will have all Long pairs and the other all Short pairs.

So the center screen is a demo and the 2 others are PROP accounts.

Then I trade every time my indicator get the right colour and set a trailing stop.
MetaTrader 4 - so many advantages.
  • #10
  • Oct 14, 2023 7:40am Oct 14, 2023 7:40am
Quoting TSecRepublic
My version + add {file}
Very nice. I haven't tried it, just read the code. It is MTF and have nice alarms.

Guys, you should try this one!!
MetaTrader 4 - so many advantages.
  • #11
  • Oct 14, 2023 7:46am Oct 14, 2023 7:46am
Quoting TSecRepublic
My version + add {file}
So you are a new member - joined FF only this month. But you have a load of robots and indicators that you have programmed. You must be living of this?

I have now become your first follower ;-)
MetaTrader 4 - so many advantages.
  • #12
  • Oct 14, 2023 9:44am Oct 14, 2023 9:44am
Quoting RiskFighter
I started another PROP account. This time the company seems to think, that robot traders are not real traders. And a robot trader must be allowed to use a robot by contacting Risk Management Department. Well, they do not answer a request. Then what? I am a lousy manual trader. (Not a real trader then). I tried to manually take som signals from a robot on another account and manually trade them with this new PROP firm. It doesn't work for me. So I needed to find the simplest possible trading strategy, that even I cannot screw up. I got it. Moving...
Hello,
How long have you been testing this indicator?
Are there any real results?
  • #13
  • Edited 5:17pm Oct 14, 2023 4:59pm | Edited 5:17pm
Quoting TSecRepublic
{quote} Hello, How long have you been testing this indicator? Are there any real results?
It is an indicator. Telling if a cross of moving averages have accured. What do you mean by testing? Of cause it works? Do you want to know how long it took me to test that it works??? Well, an hour I think. Results: Yes it works every time I am proud to say.

I wrote in post No# 1: Then use some other indicators as confluence supporters, but the trigger is the MA Cross.

So this is not an indicator making money in it self - it is just another tool. Please read the thread before you ask.
MetaTrader 4 - so many advantages.
  • #14
  • Oct 29, 2023 4:34am Oct 29, 2023 4:34am
Quoting RiskFighter
OK. I am not used to trade manually, but now I have to, as I bought 2 PROP accounts and the does not accept a robot. Here is my approach. I have by top down analysis found 10 pairs which should be going short and 4 going long. I use 3 screens. All 14 pairs will be placed on the center screen on a 1 hour TF. When I get a signal (use Halftrend) in the direction I think, then the pairs will be put on the 2 other screens. One will have all Long pairs and the other all Short pairs. So the center screen is a demo and the 2 others are PROP accounts. Then...
Hello RF great job you're doing here please is there anyway to help here by getting an indicator non-repaint that can help sieve through the eligibility pairs that attracts confirmation to trade.Thanks
  • #15
  • Oct 29, 2023 10:14am Oct 29, 2023 10:14am
Quoting Slingshots1
{quote} Hello RF great job you're doing here please is there anyway to help here by getting an indicator non-repaint that can help sieve through the eligibility pairs that attracts confirmation to trade.Thanks
I am not sure what you mean. But I mostly use HalfTrend. It can be a bit heavy if it is used on low timeframes on many pairs simultanially. I have made a slimmer version which has the same functionality. Attached. I never caught it in repainting.
Attached File(s)
File Type: ex4 HalfTrend-Opt_V2.ex4   20 KB | 462 downloads
MetaTrader 4 - so many advantages.
  • #16
  • Oct 30, 2023 4:52am Oct 30, 2023 4:52am
Hi, Great job!
You may want to combine it with this indicator that i use, it gives solid entries.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 37 KB
Attached File(s)
File Type: tpl AI Lines [dark theme] .tpl   3 KB | 445 downloads
File Type: tpl AI Lines [light theme] .tpl   3 KB | 384 downloads
File Type: ex4 AI_Lines.ex4   114 KB | 579 downloads
  • #17
  • Nov 1, 2023 10:32am Nov 1, 2023 10:32am
Thanks for the robot! I started to use it quite recently and don’t have significant results, so I will add more info in the future.
The only thing I changed is the color from the dark to more brighter ones
  • #18
  • Nov 5, 2023 6:37am Nov 5, 2023 6:37am
Quoting RiskFighter
Two days ago you could see on the daily. Price had reached the top of a channel which has been there for the whole of 2023. Price were bound to go down in near future. On chart no# 2 you see the H4 timeframe. At thursday noon Halftrend give the signal and MACD is going into short. Also my favorit MA 50 is broken. There you go. You could sit all day and scalp in a low timeframe just using MA crosses to get in and out. {image} {image}
possible to get the indicator and template on chart no#2
highly appreciated
thank you in advance
  • #19
  • Nov 5, 2023 7:07am Nov 5, 2023 7:07am
Quoting Xepo-fx
{quote} possible to get the indicator and template on chart no#2 highly appreciated thank you in advance
I guess you meen the HalfTrend. See post 15.
MetaTrader 4 - so many advantages.
  • #20
  • Last Post: Nov 5, 2023 7:08am Nov 5, 2023 7:08am
Quoting MouhcineFX
Hi, Great job! You may want to combine it with this indicator that i use, it gives solid entries.{image} {file} {file} {file}
Very nice. I use those lines myself. I will try the indicator! Thank you!!
MetaTrader 4 - so many advantages.
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