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BB, RSI, Stochastic

  • #21
  • Jul 3, 2025 7:04am Jul 3, 2025 7:04am
GBPJPY is ping-ponging between the two EMAs. If the price reaches EMA 100 (white) and fails to break through, I close the trade.
  • #22
  • Jul 3, 2025 7:44am Jul 3, 2025 7:44am
Quoting pusztafie
GBPJPY is ping-ponging between the two EMAs. If the price reaches EMA 100 (white) and fails to break through, I close the trade.
OK. This is stuff I know. Pusztafie explained it perfect in post #1.

I will be able to have an alertindicator ready on monday - I think.
MetaTrader 4 - so many advantages.
  • #23
  • Edited 10:33am Jul 3, 2025 7:53am | Edited 10:33am
  • #24
  • Jul 3, 2025 7:58am Jul 3, 2025 7:58am
GBPJPY, CHFJPY closed down on US news while I was eating melon. Such is life!
Luckily CHFJPY was at break even
  • #25
  • Jul 3, 2025 8:33am Jul 3, 2025 8:33am
I think this method of catching tops and bottoms will be suitable when the market is sideways.
  • #26
  • Edited 9:24am Jul 3, 2025 9:13am | Edited 9:24am
[idézet=tienvip123be;15298368]Szerintem ez a módszer a csúcsok és mélypontok rögzítésére akkor lesz alkalmas, amikor a piac oldalirányban mozog.[/idézet]
You are absolutely right! It is easiest to trade with this strategy when the BB lines are parallel. Although in this case I use a different trading strategy. With the BB strategy you have to constantly monitor and follow the price movement with the TP. Either you use the middle line as the TP, or if the price manages to break through, you look for another resistance or support to move the TP to. I think we can agree on one thing: the price always returns to the mean. This is the essence of the strategy. And losses are part of the game.
Is that what you thought?
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD BB 07.03.jpg Size: 407 KB
  • #27
  • Edited 3:04pm Jul 3, 2025 2:52pm | Edited 3:04pm
Just a quick POC of an indicator. Only buying.

At the red vertical line, price cloced below the red BB. RSI and Stochastic were below 20. The gun were loaded.

The indicator then printed the arrow when all parameters were right for a buy. Price back over the red BB. Stoch over 40 and RSI over 20.

OK, I will finish the indicator with some nice feature and release it on monday.

Edit: I see that the white line is inside the red BB. So this trade must be filtered out. I will code that.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 34 KB
MetaTrader 4 - so many advantages.
  • #28
  • Edited 7:20pm Jul 3, 2025 7:07pm | Edited 7:20pm
[idézet=RiskFighter;15298790]Csak egy gyors indikátor-megtekintés. Csak vétel. A piros függőleges vonalnál az ár a piros BB alá zárt. Az RSI és a sztochasztikus 20 alatt volt. A puska betöltve volt. Az indikátor ezután kinyomtatta a nyilat, amikor minden paraméter megfelelő volt a vételhez. Az ár visszaesett a piros BB fölé. A sztochasztikus 40 felett és az RSI 20 felett volt. Oké, befejezem az indikátort néhány szép funkcióval, és hétfőn kiadom. Szerkesztés: Látom, hogy a fehér vonal a piros BB-n belül van. Tehát ezt a kereskedést ki kell szűrni. Ezt kódolni fogom. {image}[/idézet]

Super!
Don't filter out moving averages if possible. Their position also matters. They can be used as TPs if they are in a good position. Everyone should decide whether to take the trade or not.
I am very grateful for your selfless work!
  • #29
  • Jul 3, 2025 8:22pm Jul 3, 2025 8:22pm
Adding Bollinger bands drew my attention. Bollinger Bands remains a powerful indicator. I wish you good luck
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 11.8%
  • #30
  • Jul 3, 2025 10:00pm Jul 3, 2025 10:00pm
Quoting pusztafie
[idézet=RiskFighter;15298790]Csak egy gyors indikátor-megtekintés. Csak vétel. A piros függőleges vonalnál az ár a piros BB alá zárt. Az RSI és a sztochasztikus 20 alatt volt. A puska betöltve volt. Az indikátor ezután kinyomtatta a nyilat, amikor minden paraméter megfelelő volt a vételhez. Az ár visszaesett a piros BB fölé. A sztochasztikus 40 felett és az RSI 20 felett volt. Oké, befejezem az indikátort néhány szép funkcióval, és hétfőn kiadom. Szerkesztés: Látom, hogy a fehér vonal a piros BB-n belül van. Tehát ezt a kereskedést...
Hi Pusztafie

I have already made the code to filter those trades out. I will then make a menu point where people can decide if they want this filter or not. Because if you trade only 2-3 pairs, all signals are important. But if you trade a large basket, then you can set a lot of filters, there will be plenty of setups.

Now to something else. Your strategy is a 2 step strategy.

For a Long trade:

  1. State 1 - If price is below the BB50 and CCI is below 20 and Stoch is below 20 - the gun is loaded and ready to fire.
  2. State 2 - If price is back over BB50 and CCI is over 20 and Stoch is over 40 - the gun is fired, you get an alert from the indicator.. There is a setup to investigate.

However, the price might decide to go South in stead of heading for the Mean. In that case I must unload the gun - i guess. Or what - question? At some point it will head back to Mean. If we keep the gun loaded, then it will fire when we go back to Mean.

MetaTrader 4 - so many advantages.
  • #31
  • Jul 3, 2025 10:17pm Jul 3, 2025 10:17pm
Here is a first POC (Proof of Concept). This indi shows only trade setups in the Long direction. Let's find any faults before finishing it.

There is only one menu point. MAinsideFilter. Setting to true, you will not get alerts when one of the EMA's is inside the red Bollinger.

There is two kind of alerts.

  1. Alert is shown when the chart gets into State 1. Then you are warned, things is heating up.
  2. Alert is shown when the chart gets into State 2 - there is a possible trade setup. Decide to trade or not.

Attached File(s)
File Type: ex4 BollingerMeanIndicator_1.ex4   8 KB | 247 downloads
MetaTrader 4 - so many advantages.
  • #32
  • Jul 3, 2025 10:19pm Jul 3, 2025 10:19pm
This is the alert that a setup is forming. We have gone into state 1.

By the way, this time the price seems the heading South in stead of going right back to mean, so we will be in state 1 for some time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 29 KB
Click to Enlarge Name: screenshot.png Size: 4 KB
MetaTrader 4 - so many advantages.
  • #33
  • Jul 3, 2025 10:31pm Jul 3, 2025 10:31pm
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 36 KB
MetaTrader 4 - so many advantages.
  • #34
  • Jul 4, 2025 1:51am Jul 4, 2025 1:51am
I missed the setup at the arrow. But later I was able then to make a BuyStop. Let's s how it goes.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 27 KB
MetaTrader 4 - so many advantages.
  • #35
  • Jul 4, 2025 2:09am Jul 4, 2025 2:09am
[idézet=RiskFighter;15299122]Elrontottam a nyílnál lévő beállítást. De később sikerült BuyStop-ot kötnöm. Lássuk, hogy megy. {image}[/idézet]
I'm looking forward to the continuation! The RSI(3) and stoch (6.33) levels on the chart are not right, maybe it doesn't affect the operation of the indicator, I don't know.
Night trades:
GBPJPY M15 and EURJPY M30
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY BB M15 07,04.jpg Size: 359 KB
Click to Enlarge Name: EURJPY BB M30 07.04.jpg Size: 372 KB
  • #36
  • Jul 4, 2025 2:24am Jul 4, 2025 2:24am
Watchlist M30: GBPUSD, AUDNZD, EURAUD,GBPAUD, AUDCAD

We can't expect much movement today. Today is Independence Day in the USA, a public holiday.
  • #37
  • Jul 4, 2025 2:38am Jul 4, 2025 2:38am
Quoting pusztafie
[idézet=RiskFighter;15299122]Elrontottam a nyílnál lévő beállítást. De később sikerült BuyStop-ot kötnöm. Lássuk, hogy megy. {image}[/idézet] I'm looking forward to the continuation! The RSI(3) and stoch (6.33) levels on the chart are not right, maybe it doesn't affect the operation of the indicator, I don't know. Night trades: GBPJPY M15 and EURJPY M30 {image} {image}
The indicator does not care about what we people are doing. It only gives signals. In this case you have made two short trades. The indicator does not care.

Things that looks easy and logical for me, might be hard to understand for people that cannot code, so you guys are welcome to ask questions. And I will try to explain.
MetaTrader 4 - so many advantages.
  • #38
  • Jul 4, 2025 7:10am Jul 4, 2025 7:10am
[idézet=RiskFighter;15299162]{idézet} Az indikátort nem érdekli, hogy mit csinálunk mi, emberek. Csak jelzéseket ad. Ebben az esetben két short kereskedést kötöttél. Az indikátort ez nem érdekli. Ami nekem egyszerűnek és logikusnak tűnik, azok nehezen érthetők lehetnek azok számára, akik nem tudnak programozni, ezért nyugodtan kérdezzetek. És megpróbálom elmagyarázni.[/idézet]
Here is the current picture of AUDCHF M15. I should have received two entry signals (green arrows, phase 2), I think the indicator is programmed for the first signal, or am I wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF M15 07.04.jpg Size: 372 KB
  • #39
  • Jul 4, 2025 7:37am Jul 4, 2025 7:37am
Quoting pusztafie
[idézet=RiskFighter;15299162]{idézet} Az indikátort nem érdekli, hogy mit csinálunk mi, emberek. Csak jelzéseket ad. Ebben az esetben két short kereskedést kötöttél. Az indikátort ez nem érdekli. Ami nekem egyszerűnek és logikusnak tűnik, azok nehezen érthetők lehetnek azok számára, akik nem tudnak programozni, ezért nyugodtan kérdezzetek. És megpróbálom elmagyarázni.[/idézet] Here is the current picture of AUDCHF M15. I should have received two entry signals (green arrows, phase 2), I think the indicator is programmed for the first...
As I see it the signal number 2 has not been below the red line etc. It goes like this:

 

  1. There is no situation.
  2. There comes a situation where parameters is below this and that, so a Stage 1 is now in place.
  3. Price goes back over red line etc. Now there is a stage 2 with an entry signal with an arrow.
  4. In the same moment as the arrow shows up, the indicator is set back to normal - stage 0 if you like. Then it needs a new stage 1 before it can go to stage 2 and give a signal.

Ask if I did not explain this well?

MetaTrader 4 - so many advantages.
  • #40
  • Jul 4, 2025 8:04am Jul 4, 2025 8:04am
[idézet=RiskFighter;15299427]{idézet} Ahogy én látom, a 2-es jel nem volt a piros vonal alatt stb. Így néz ki: Nincs helyzet. Jön egy helyzet, ahol a paraméterek ez és az alatt vannak, tehát most egy 1. szakasz van a helyén. Az ár visszamegy a piros vonal fölé stb. Most van egy 2. szakasz egy belépési jellel és egy nyíllal. Abban a pillanatban, amikor a nyíl megjelenik, az indikátor visszaáll normál állapotba - 0. szakasz, ha úgy tetszik. Ezután egy új 1. szakaszra van szüksége, mielőtt a 2. szakaszba léphet és jelet adhat. Kérdezd meg, hogy nem magyaráztam-e el ezt jól?[/idézet]
Please confirm that I understand correctly, the indicator should have drawn an arrow for the first green arrow, but not for the second one, because the price did not go below the red line during that time. The fault is in my device. I do not speak English at all, I use Google translator, which is why I sometimes get confused.
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