I have marked the trix cross in 1M chart, is that considered a valid entry? I'am not sure because on 5M chart the trix color is green and is pointing up, I have marked it too. I did not took this one as I was not sure, just kept watching the price drop
The Trix indicator we are using is a very complex code and there are no buffers left to use.
To have an indicator triggering divergence would be a new one based on trix.
I personally prefere to use trend lines on the fast trix line, an indicator will be lot slower (about three candles) in the detection of divergence.
I saw this post, I thought I wanted to do a "Quick copy and paste" from FX5's code, here is the result (see attachment).
Again, this is a Quick copy and paste code, I modified at places where I thought should be modified, I might have missed some spots since I haven't really spent much time, please try, I will send this Original modified code to CobraForex and let him decide, I will not post the mq4 myself, rather I will give it to CobraForex, maybe he will do further modifications to the code.
Peter.
- #4,225
- Feb 2, 2009 2:15pm Feb 2, 2009 2:15pm
- Joined May 2006 | Status: Still here. | 2,602 Posts
I have marked the trix cross in 1M chart, is that considered a valid entry? I'am not sure because on 5M chart the trix color is green and is pointing up, I have marked it too. I did not took this one as I was not sure, just kept watching the price drop
However, much precaution needed because it was aimed precisely at the central pivot (retest) and so with a fair probability of bouncing. The rest of the elements on M1 were ok, M5 still showing SELL despite the slight "bump" but as I said, the pivot levels (especially the central one and in a recent uptrend as we have) is a danger zone. It went a little further though, at the moment it has bounced from the quarter pivot between FPV and MS1.
We also have to consider the huge bull flag on M5. I can't discern which is your other TF but I presume it's M30? in which overall trend is up.
All those are factors to take into account but anyway if entered at open, and placing stop at BE as soon as the central pivot was touched, it was a good entry, IMO. PA is below the Coral, which in addition is red, though we are not taking this into account now, only the above/below condition.
And indeed your clock is off.
As per the time of your candle I presume your broker is at GMT+2, thus you should place "2" in the timezone box in the settings of the Market Hours.
- #4,228
- Feb 2, 2009 2:26pm Feb 2, 2009 2:26pm
- Joined May 2006 | Status: Still here. | 2,602 Posts
Open "Indicators List", drag the new ex4 into indicator 1 then delete the old one, this way you don't have to create a new template and you can always go back to your old trix by doing the same thing.
Though before "officialising" the use of the divergence indicator, I would prefer that Cobra and the team approved its use into the system, in case there are things to modify or if simply he doesn't think it is necessary.
Which version of FX5 did you use?
Maybe you could wish to send me the mq4 file so I can have a look and check for any bugs by comparing with the appropriate version, and thus help Cobra who is quite busy today as he seemed to say.
Just send me a PM and we'll see.
And thanks again!
- #4,231
- Feb 2, 2009 2:48pm Feb 2, 2009 2:48pm
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
I want to make the lines on the Coral thicker and when I change it, it looks fine......UNTIL......I change to a different time frame. Then, it reverts back to the thin lines. How can I change the thickness and make it stick?
- #4,234
- Feb 2, 2009 2:57pm Feb 2, 2009 2:57pm
- | Joined Jul 2008 | Status: Clear Cut System Trader | 1,111 Posts
- #4,236
- Feb 2, 2009 3:02pm Feb 2, 2009 3:02pm
- Joined May 2006 | Status: Still here. | 2,602 Posts
I can't see the coral line on my chart although it's there in the indicators list, what might be the problem?
I didnt do anything, just uploaded the template attached in the first post.
The Coral is based on it.
If you don't have the file in the set you downloaded, you can find it a few posts earlier (I'll post the link when I find it
)Or better: look into the attachments of this thread (the paper clip on the upper right), hide the attached images, T3 THV mq4 and ex4 are 5th and 6th last attachments on the list.
- #4,238
- Feb 2, 2009 3:11pm Feb 2, 2009 3:11pm
Did you also copy the T3 THV.mq4 file to your indicators folder?
The Coral is based on it.
If you don't have the file in the set you downloaded, you can find it a few posts earlier (I'll post the link when I find it
Or better: look into the attachments of this thread (the paper clip on the upper right), hide the attached images, T3 THV mq4 and ex4 are 5th and 6th last attachments on the list.
Thx for te help, Cobra said he didnt attach the mq4 file so people wont copy it but anyhow most of my indicators in the indicators folder are ex4 without the mq4 , metatrader doesnt need the mq4 to work properly as far as i know...
- #4,239
- Feb 2, 2009 3:14pm Feb 2, 2009 3:14pm
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
Here you go.
Please delete the _THICK part of the name before copying it in the folder, so the template can take it into account.
