NITRO Variations for Open-minded Traders

Hello ppl,
Do you receive "License expire" message when uploading PeterEA1?

YES, I do and it keeps popping up like a Christmas tree light.

I wrote to the email address in the message and received this:

I don't remember to have coded an EA / indicator for you. Can you
please tell me what is the ea and who are you lol?
That message you get when i was not payed 100% for my work. The
guy/women who requested me some ea payed 50% - initial payement and
went with the ex4 file without completing to 100% and getting the full
sources.

Thanks,
Victor

Ok, thanks for reply. I will try to decompile it.
Here is version without annoying message.

The programmer just sent me a message that he got paid now, so all problems should be solved.

Placed on demo, but no result for now. Leave it till tomorrow on demo.

I will upload latest version today. Had some changes made.

rgds

Peter

Hi, attached ea. It includes days of week and times of day for entry.

Note exit is still the cross of the QQE or the stop loss which ever comes first. The QQE can be quite tight.

rgds

Peter

Thanks Peter, we will try it. By the way settings for Ea default? Peter do you pay for this Ea?

Yes, it was easier to pay to get it written, than look for someone ot do it.
It needs some fine tuning which is why I am sharing it.

rgds
Peter

Ok, I see. By the way do you test this EA by yourself? what is the best setup for it? I placed it on demo 3 pairs with default settings and leave it till tomorrow to see the result.

Loaded the EA.

Let's see what happens now.

Hi Peter
i've started last vers of EA at 10 am
now ( 9 PM ) it lost 7 trades from 13 http://cdn.forexfactory.com/images/icons/icon9.gif

No trades here yet, but I ONLY trade on EU setup.

The EA is designed as a multi purpose renko and normal chart trading EA.

I have looked at enough indicators to realise that all do basically the same thing or a line that is crossed with a variation on a MA and a stochastic of some type. I choose QQE as it seems to work well with the faster moving pairs that I think suit renko trading and gives a faster entry signal than other indicators.


It needs to be optimised for what you are trying to achieve. The default parameters are not suitable for trading renko as they are.

You need to establish what you are trying to do. The EA allows you to do either scalping ( in the direction of the trend if you want) or trying to take all the movement in a trend ( again in the direction of the trend if you want. The stop loss / exit is set at a close below/ above the ma so need to set at say 5:2:1.

1. Option 1 Scalp.

Pick a pair such as EJ with 10 pip blocks. Trade in the direction of the zig zag take ( set at say 50:38:7) entries on 1/2 ma cross over, if you use the QQE set at say 1:5:1. Take a 7 pip take profit.
If Eur pairs try the Zig zag at say 25:18:

2. Option 2 Trend trade.

Modify parameters to suit a slower entry and an exit that allows for a one or even two block pull back, Don't set a tp and it will close with the QQE crossover. If you don't set the QQE right it will close quickly. Try 2:13:2

Renko Block sizing

If you have renko bars to small it will wipsaw you out.

For each pair you will need to set block sizes to suit. My observation is
GB pairs probably 15 pips or 20 pips
JPY pairs probably 10 pips
USD and EUr pairs proablably 5 pips.

Set it to trade when there is volume in the pairs you are looking to tradr


I reiterate this is a multi purpose EA designed for traders to set their own renko or bar chart plan. It is not a prepackaged ea

I have attached the updated file to plot entries

regards

Peter

entry as discussed in post above. Note I don't know why but this doesn't always show false( or losing ) entries.

rgds

Peter

Scalp

EJ and AJ

3 trades: AJ + 7, EJ + 7; AJ - 20

Setup from #254

How about other pairs? Did you try other pairs or only YEN pairs?
Best regards!

Some months ago...all we NITRO followers were excited for a strategy with few/no losses...NITRO...

After Edgetrader's banning from this community...I was thinking that NITRO was a mirage...was a utopia...until today...

For months i've tried to create a MT4 EA that could do what NITRO does...but now I know that is a waste of time...

And now i know another thing...NITRO really exists...but unfortunately it was designed and created for TS...and works only on TS...

This is a screen i've made today...
And...no..it's not a Photoshop image...

So, do we get to know the secret now?

I'm very sorry...but there is no secret!!

The difference is only in the way the platform works...it's simply another world!!

The most important thing is that now I'm absolutely sure without any doubt that Edgetrader was not a lier with his strategy...
I'm not talking of what he did in the past...but with NITRO he was on the right side...