there seems confusion of the set ups and correct signals,
i have recieved no signals over the last 14hrs i am in the uk. i have attached the ea paul produced to 7 pairs on 30min charts.
It would be helpful for paul to confirm maybe each day if any signals were produced by the system stating the pair involved and the time ie usd/jpy-short-4.30 gmt+1 so we can all initially see if we all have the set up correct-
as mentioned previously i downloaded the two files in post 203 and added them to the expert file, then compiled the ea (no errors) finally attaching it to the 30min charts across 7 pairs. the charts had the origional wicker indicators and template as per his blog. (i posted a image of an eg of my chart page22 which was confirmed as ok)
I know we need to be patient but i just want to confirm if any signals were generated and my text alert is not working (it tested ok)
As per previous posts the slop indicator is not a condition of taking a trade if we are using wickers origional set up rules. I know paul you were looking to include this in your ea as an option which traders could turn on or off.
The slope indicator was given as a possible exit strategy which i have looked at and find to be a bit to slow in my opionion and i have noticed several suggestions from other contributers which merit investigation. Finally stops , i understand that a rule of thumb has been 20 or 30 dependent on the pair or last noticable high or low( short,long) .
A key element of any system is mm and risk / reward. I often have difficulty when looking at a system in deciding what it is best suited to and subsequently what am i trying to achieve with it, (position, interday, scalp)
timeframes exits,stops all play a part but first i need to define my objectives where am i trying to go with it and also the risk/reward ratio of this decision. i would welcolm traders thoughts in this area.
Trade to win by van K Tharp is an excellent book i have read, the section on the expectancy of a system ie return per $ risked is in my opionion invaluble if any others have read this and agree may be we can look at this sytem and see how it pans out across diff timeframes , stops, limits and setups. Because on face value the system seems to have alot of merits. My two pennies worth hope it prompts some discussion
Here's another bogus signal.
This time on EUR/USD 5M.
The short alert was given where I have the yellow arrow.
Look how the Guppy is squeezed together.
Ignored
I have noticed that the EA will continue to give a signal after the end of the second bar so I'm wondering if it is possible that the timing of the signal actually coincided with the next bar after your yellow arrow. If so then the MacD just went negative and so may have triggered the signal.
The Laguerre is supposed to be heading south as well a crossing the line but I'm not sure if EA checks direction at time of signal?
My understanding is that it does not matter how compressed the guppy is providing all the green lines are underneath the red and the whole rainbow is headng south.
Great thread. One question after reading all the thread. Is there an EA available yet or is there only the templates and indicators which prompt a signal and then we have to manually place orders etc.
I almost threw my comp out the window because I couldn't get my happy face. First off I have never loaded an expert nor do I know what one is. Well I kind of do now. I'm going to try to explain this to help because I almost lost my mind today.
Download original from first page. Unzip... I use winzip. Open my comp, c drive, program files, metatrader 4, experts, indicators, templates...Drag the five min template across. Now back to winzip unzip the other zipped file and drag all indicators across from unzipped file to the indicators file. Close
Now download the two new files from page 14 post #203. One is an alert and the other is the Expert. These don't need to be unzipped. My comp, c dr, prog files, meta trader, experts...now drag the file that doesn't have the big indicator logo into experts. Now open experts, indicators, and drag the indicator logo across. Close
Open meta trader, open new chart, go up to and click on charts button, template, find trend follower 5 min and click on it this will configure the chart. This is original system this has everything you need to trade off of. Now for the alert and happy face and expert stuff. Find the navigator button it looks like a file with a star, click it, expert advisors, signal trend follower, right click attach to chart, close navigator, now go to top click on expert advisors and you should have your happy face. If you don't I screwed up it's 1:30am pst and I am going to sleep now. I was waiting for a good signal didn't get it. Back in this thread Paul mentioned something like compile... I don't know what that is. Also if anyone noticed if I left something out please add.
I almost threw my comp out the window because I couldn't get my happy face. First off I have never loaded an expert nor do I know what one is. Well I kind of do now. I'm going to try to explain this to help because I almost lost my mind today.
Download original from first page. Unzip... I use winzip. Open my comp, c drive, program files, metatrader 4, experts, indicators, templates...Drag the five min template across. Now back to winzip unzip the other zipped file and drag all indicators across from unzipped file to the indicators file. Close
Now download the two new files from page 14 post #203. One is an alert and the other is the Expert. These don't need to be unzipped. My comp, c dr, prog files, meta trader, experts...now drag the file that doesn't have the big indicator logo into experts. Now open experts, indicators, and drag the indicator logo across. Close
Open meta trader, open new chart, go up to and click on charts button, template, find trend follower 5 min and click on it this will configure the chart. This is original system this has everything you need to trade off of. Now for the alert and happy face and expert stuff. Find the navigator button it looks like a file with a star, click it, expert advisors, signal trend follower, right click attach to chart, close navigator, now go to top click on expert advisors and you should have your happy face. If you don't I screwed up it's 1:30am pst and I am going to sleep now. I was waiting for a good signal didn't get it. Back in this thread Paul mentioned something like compile... I don't know what that is. Also if anyone noticed if I left something out please add.
Thanks,
Vance
Ignored
for every expert - after loaded, press F7 and tick teh "allow live trading" if not done before (at loading) - and it will be with happy face - on that EA that isnt important, becoz alerts going no matter allowed/disallowed live trading on expert...
hope that helps
The way I understand and use guppy is the red is over the green, that signals only shorts, opposite for longs. The remainder of colors are all heading south and there is no consideration for yellow being below orange or blue, or orange below blue or whatever, only that they are all heading down.
The way I understand and use guppy is the red is over the green, that signals only shorts, opposite for longs. The remainder of colors are all heading south and there is no consideration for yellow being below orange or blue, or orange below blue or whatever, only that they are all heading down.
Ignored
CEO
You may be right, but that wasn't my understanding.
Maybe Wicker or Paul will give us an answer.
I thought the colors had to be stacked in the proper order.
