EA for a 3_Level_ZZ_ Semafor / Trend Tool Combo

I am looking for an EA utilizing three indicators: 1) 3_Level_ZZ_ Semafor and 2) the NonLagMA_v7.1, and 3) Stoch (21,5,3).

The entry is based on the following criteria:

1. Wait for the 3_Level_ZZ_Semafor indicator #3 to appear (Period 1 = 0, Period 2 = 0, Period 3 = 34).

2. Wait for NonLagMA to match the direction of the trade.

3. Wait for the Stoch fast line >20 for a long and <80 for a short.

Stop = use the low of the 3_Level_ZZ_ Semafor candle for a long, minus 10 pips, and use the high of the candle for a short, plus 10 pips. Also, the ability to move the stop to breakeven after a +25 pip move.

Target = the opposite 3_Level_ZZ_ Semafor appearing.


Of course, the 3_Level_ZZ_ Semafor repaints which prevents reliable backtesting, but I have been maually paper trading with much success using multiple currency pairs on the H1 MetaTrader chart.


Thanks in advance for your consideration... steve

thats dosnt look too safe sinse a 3 did not show up in the opposite direction if you look at the last e/u 1h . Im thinking the trend line should change color it looks safer .

hey, that's neat...... someone has altered the code so now it does not repaint..... but also now the 3's won't always come in pairs so you might end up hanging.....

there will be a risk of multiple buy/sell signals before the 'opposite 3' buy/sell signal comes along..... as seen in the picture below.....

both original and altered versions shown in the picture...... the original 3 level zz semafor is plotting the magenta 3's and the indicator posted above is plotting the yellow 3's....

both 3 level zz's at this point are telling me to close my shorts and prepare to go long..... but do i trust it now, after the previous 6 yellow 3's did not maximize the move.......

will give the ea idea some thought.... it should be an easy code......h

aha, now i remember who altered the code.... the altered indicator is from tsd forum years ago..... if you set the delta to 0, it plots like the original 3level zz semaphor...... thought something was familar about it.....h

Just to note that the Trend Tool is indeed the NonLagMA indicator as far as I could see - so better off using the NonLagMA as the mq4 is available for that one.

Also note that the NonLagMA repaints itself, kinda cheating a bit. When the colour change (trend change) has been confirmed then it repaints itself at the bar(s) where the transition took place. This gives the illusion that the indicator knew/gave change trigger upfront, however it was repainted after the event...
See the BackColor parameter of the NonLagMA, which is set to 1 and made hidden for the Trend Tool indi.

Longbar

Your absolutely right . I remember that indi too . I have it somewhere in my pile of indicators . Now i wish id paid more attention too it . Looks like it could be really profitable . Im really glad you were checking out the forum especially this thread . Thanks !

Thanks Longbar - it looks like the NonLagMA_v7.1 mirrors the Trend Tool, so please utilize if that works better for you...

Yes, "Trend tool" is actually the nonlag ma (not other way round). Good catch, LongBar.

It just repaints backwards by one bar as the default. Won't do much damage, or you can set it to 0 repaint.

Semaphors of course are mega repainters, but I see the idea here is to at least confirm them with a fast/robust MA turn. Good concept, mt2414.

Maybe MTF semaphors will help. I found some code for them, but it doesn't work. Maybe Hayseed, etc., can fix it. Just an idea.

Another idea: don't make it an SAR (stop and reverse/always in the market) EA, but put an exit stop at just below/above swing low/hi of last confirmed Semaphor (the one with a nonlag ma turn). You'll have quite few losers, as Hayseed's chart above shows, but not huge losers and the system won't turn into a glorified Martingale system of burying yourself fading a giant trend that keeps running against you before it turns.

It will just have to be used on a ranging pair/timeframe, or if caught by a big trend day, hope (LOL) that the low accuracy of the system will be offest by one big counterswing or end-of-trend trade/big reversal.

Misc. one more thought: another possible way of looking at a system like this is that it could perhaps be seen as a nonlag ma turn system, but one where the turn in the MA is only taken when prices (qua the yellow semaphor) are overbought/oversold (this ma is fast enough that this is viable). So the nonlag MA could be seen as the primary focus, with the Semaphors as a filter, LOL. Kind of turning things on their head, but the systems are logically equivalent.

hey bit9ret..... asystem2000 over on the tsd forum wrote the original 3level zz a few years ago.... he had a thread about it.... i modified it on that same thread to not repaint.... my version has delta as the first input..... the original does not have a delta setting.....

the mtf version you posted is calling asystem2000's original version.... if you have my version and not his, the settings will be thrown off....

we can make your mtf indicator work with both.... and also make it not repaint..... we should offset the different dots.... otherwise they will all stack on top each other......

i've modified yours, example included..... will put the finishing touches and post things later.....

not sure if asystem2000 ever got a working ea, but he had intended on creating one......h

I'm not sure I understand the rules so let me see if i'm off:
when the 3zz appears on the bottome of the PA, go long when the trend tool line turns blue. Is that correct?

Tombstone and others,

When the 3zz #3 (Period 3 = 34) appears, wait for the Trend Tool (or NonLagMA) to change to match the direction (counter-trend) and enter - e.g., if the 3zz appears below the candle in a downtrend, wait for the Trend Tool (or NonLagMA) to turn to its "go long" color and enter long.

Concerning repaint, I may be wrong from and EA standpoint, but it seems to me that it doesn't matter if the 3zz #3 repaints, as long as the EA code can read when it appears, and then enter and exit on the appearance. If it repaints and the entry parameters are not met, it should wait for the next 3zz #3 appearance and continuously check for Trend Tool (or NonLagMA) compliance for entry.

Exits should simply be when the opposite 3zz #3 appears. So it shouldn't matter if it repaints to a higher/lower level because the EA exit will happen on the first appearance. And then if it does repaint, you're automatically out of your long trade for instance, and it won't enter a short trade until Trend Tool (or NonLagMA) compliance in the opposite direction.

Thanks for your interest. By the way, there were some fantastic big pip trades on multiple currencies overnight (EST)...

I see one on the e/u now 15m can you follow and let me know if its tradeable soon

I geuss so !

I have had the best results using Periods 23/38/69 instead of 5/12/34.


Also I know someone that trades the Daily using this technique.

Rules are pretty simple:

Wait for semafor
Wait for non lag to change (I should mention the non lag length is different on each TF)
Wait for arrow
Enter trade

Thanks for sharing Jefftrader.
Can you tell us what the arrow indicator is?
Also, any idea if there is an EA for this strategy?

Hi Guys

Jeff - Can u tell us what the Nonlag settings are for each time frame?

Hayseed - Can you post the updated 3 ZZ semaphor MTF that does not repaint?

Thanks
Theo

I only had the .ex4 for the arrows- a couple of ema crosses probably could find similar on here...IIRC it was posted on forexnirvana last year.

The pdf explains the indicator settings
But basically its:

16 on M1/M5/M15
18 on M30
20 on H4/D1

You'll have to play around, just remember that you need the color change on the suns and not the arrows

hey theo.... the 3 level zz in the first post is the the i fixed ..... it's the one with 'delta' as the first input.... the original indicator will not have that variable....


i've never worked on the mtf version.... will look at the code and see whats possible.....

there might be some more info on the tsd forum..... look for asystem2000's thread concerning it.......h

Hayseed,

Are your settings saved in the 3 level ZZ Indi posted in the 1st post of the thread?

If not what are your settings for the 3 level ZZ that you use?

Thanks Hayseed.

Thanks Jeff for the settings. Much appreciated!

Theo