FX Ultra Trend: is it any good? | Forex Factory

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FX Ultra Trend: is it any good?

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  • Is this indicator any good and profitable?
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  • #1
  • First Post: Edited 3:13pm Jan 8, 2010 3:00pm | Edited 3:13pm
I found this indi surfing around and it looks good. It shows 2 colors for bars (red - short & blue - long) and produces audio alerts whenever a signal is triggered.

So here is the indi for everyone to help me forward test on multiple currencies and give your unbiased opinions.

Visual backtest looks promising, so that's is why I'm sharing with all of you. If it does result profitable, maybe someone can code an EA out of it for it to open and close trades automatically based on the signals triggered from the indicator.

From what I saw over the net and in the indi's website, it looks it is attached to 4H TF.

Greetings from Mexico!
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 15 KB
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File Type: mq4 FXUltraTrend.mq4   4 KB | 4,047 downloads
  • #2
  • Jan 8, 2010 3:05pm Jan 8, 2010 3:05pm
This is an illegally decompiled indicator that is protected by copyright laws. You should remove it immediately.
  • #3
  • Jan 8, 2010 3:08pm Jan 8, 2010 3:08pm
Quoting magnumfreak
This is an illegally decompiled indicator that is protected by copyright laws. You should remove it immediately.
I don't know what you mean. Can you explain thoroughly? I just found it in another forum and wanted to share with everybody.

I'm sorry if I offended you.
  • #4
  • Jan 8, 2010 3:09pm Jan 8, 2010 3:09pm
doesn't offend me.

Someone has used a decompiler to unlock this indicator that is sold commercially and protected by copyright laws.
  • #5
  • Jan 8, 2010 3:14pm Jan 8, 2010 3:14pm
Quoting magnumfreak
doesn't offend me.

Someone has used a decompiler to unlock this indicator that is sold commercially and protected by copyright laws.

And so I have to remove it? If so, I will do it, I don't want any trouble with the moderators.
  • #6
  • Jan 8, 2010 3:18pm Jan 8, 2010 3:18pm
It's working off a CCI (45) >0 Blue, <0 Red.

So if you just use the CCI Command which is here :- you can code a EA around it relatively easily.


iCCI(NULL, 0, g_period_116, PRICE_TYPICAL, li_32)

Works on a M1 chart doesn't look to bad, following my method pretty closely interesting a reasonible direction indicator from the look of it!!


Will be Modifying this to suit over the weekend
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #7
  • Jan 12, 2010 4:53pm Jan 12, 2010 4:53pm
Quoting Turveyd
It's working off a CCI (45) >0 Blue, <0 Red.

So if you just use the CCI Command which is here :- you can code a EA around it relatively easily.


iCCI(NULL, 0, g_period_116, PRICE_TYPICAL, li_32)

Works on a M1 chart doesn't look to bad, following my method pretty closely interesting a reasonible direction indicator from the look of it!!


Will be Modifying this to suit over the weekend

So, does it work ok? Or is it something not worth taking a dive into it. So far, for me, it just produced 2 signals (last one was buy on friday) on EU.

If I would have taken that signal, it would have produced at least 100 pips and would still be open in profit.

Hope you can shed some light for us n00b's!!!!

Cheers!
  • #8
  • Jan 12, 2010 5:00pm Jan 12, 2010 5:00pm
Quoting chano12
So, does it work ok? Or is it something not worth taking a dive into it. So far, for me, it just produced 2 signals (last one was buy on friday) on EU.

If I would have taken that signal, it would have produced at least 100 pips and would still be open in profit.

Hope you can shed some light for us n00b's!!!!

Cheers!

Drop a CCI 45 onto your chart, when the CCI goes >0 then go Long and Vice Versa pretty sure thats all it is, but not a Meta 4 programming expert so not 100%. It seems to match though.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #9
  • Last Post: Edited May 25, 2012 3:29am May 24, 2012 5:33pm | Edited May 25, 2012 3:29am
Quoting magnumfreak
This is an illegally decompiled indicator that is protected by copyright laws. You should remove it immediately.
I don't think that you shouldn't worry for anyone using this crap indicator
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