AL-Bit (Numerical trading By AboSolamn And MifaForex )

Hello ??? it's from ur indy bro.... move ur cursor to those 2.... and it's shown average 1 and average 2... Cya

Hum... looking at the worksheet, you are basically using the average of last two candles which is no more than like using simple moving average 2 period median price with a limit that the average of the candles be no more than 10. I took a quick calculation and this would generate too many false signal and I am surprise if this system would be profitable especially it will also signal a buy or sell towards the very end of a trend. Do you also have other filter that you use?

sorry i did not get you i thought u sing moving average , try moving average EMA 55

Hi Greenius...

These two averages shown on chart (blue line) were actually from your indicator...

I've used both averages as a support and resistance as well... it helps...

Cya

by next week i all add strong al-bit signal

Thanks a lot...

P/s : Using ur Averages 1 & 2 (Blue Line) together with Pivot, Daily Support & Resistance as shown below have increased my confidence level before taking any trades.

Greenius didn't respond to your question, so this is the mq4 file:
(decompiled by EX4-TO-MQ4 V4.0.224.1)

#property indicator_chart_window
double gd_76;
double gd_84;
double gd_92;
double gd_100;
double gd_108;
double g_iopen_116;
double gd_124;
double gd_132;
double gd_140;
double gd_148;
string gs_156;
int gi_164;
int init() {
ObjectCreate("Average1", OBJ_HLINE, 0, 0, 0, 0, 0, 0, 0);
ObjectCreate("Average2", OBJ_HLINE, 0, 0, 0, 0, 0, 0, 0);
ObjectCreate("Comment", OBJ_LABEL, 0, 0, 0, 0, 0, 0, 0);
ObjectCreate("Stop", OBJ_HLINE, 0, 0, 0, 0, 0, 0, 0);
ObjectCreate("Enter", OBJ_HLINE, 0, 0, 0, 0, 0, 0, 0);
ObjectCreate("TakeProfit1", OBJ_HLINE, 0, 0, 0, 0, 0, 0, 0);
ObjectCreate("TakeProfit2", OBJ_HLINE, 0, 0, 0, 0, 0, 0, 0);
ObjectCreate("TakeProfit3", OBJ_HLINE, 0, 0, 0, 0, 0, 0, 0);
ObjectCreate("TakeProfit4", OBJ_HLINE, 0, 0, 0, 0, 0, 0, 0);
ObjectSet("Average1", OBJPROP_COLOR, Yellow);
ObjectSet("Average2", OBJPROP_COLOR, Yellow);
ObjectSet("Stop", OBJPROP_COLOR, Red);
ObjectSet("Enter", OBJPROP_COLOR, Blue);
ObjectSet("TakeProfit1", OBJPROP_COLOR, Green);
ObjectSet("TakeProfit2", OBJPROP_COLOR, Green);
ObjectSet("TakeProfit3", OBJPROP_COLOR, Green);
ObjectSet("TakeProfit4", OBJPROP_COLOR, Green);
return (0);
}
int deinit() {
ObjectsDeleteAll();
return (0);
}
int start() {
Comment("áÇ Åáå ÅáÇ Çááå æÍÏå áÇ ÔÑíß áå ¡ áå Çáãáß æáå ÇáÍãÏ íÍíí æíãíÊ æåæ Íí áÇ íãæÊ ÈíÏå ÇáÎíÑ æåæ Úáì ßá ÔíÁ ÞÏíÑ");
gd_76 = (iHigh(Symbol(), PERIOD_H4, 2) + iLow(Symbol(), PERIOD_H4, 2)) / 2.0;
gd_84 = (iHigh(Symbol(), PERIOD_H4, 1) + iLow(Symbol(), PERIOD_H4, 1)) / 2.0;
gd_92 = gd_76 - gd_84;
if (gd_76 > 5.0) gi_164 = 100.0 * gd_92;
if (gd_76 < 5.0) gi_164 = 10000.0 * gd_92;
ObjectSetText("Comment", "No Enter --> Open Between Average1 And Average2", 15, "Times New Roman", Red);
g_iopen_116 = iOpen(Symbol(), PERIOD_H4, 0);
ObjectSet("Average1", OBJPROP_PRICE1, gd_76);
ObjectSet("Average2", OBJPROP_PRICE1, gd_84);
if (g_iopen_116 > gd_76 && g_iopen_116 > gd_84) {
if (gd_76 > 5.0) gd_100 = g_iopen_116 - 0.6;
if (gd_76 < 5.0) gd_100 = g_iopen_116 - 0.006;
gs_156 = "Buy";
gd_108 = MathMin(iLow(Symbol(), PERIOD_H4, 2), iLow(Symbol(), PERIOD_H4, 1));
}
if (g_iopen_116 < gd_76 && g_iopen_116 < gd_84) {
if (gd_76 > 5.0) gd_100 = g_iopen_116 + 0.6;
if (gd_76 < 5.0) gd_100 = g_iopen_116 + 0.006;
gs_156 = "Sell";
gd_108 = MathMax(iHigh(Symbol(), PERIOD_H4, 2), iHigh(Symbol(), PERIOD_H4, 1));
}
if ((g_iopen_116 > gd_76 && g_iopen_116 > gd_84) || (g_iopen_116 < gd_76 && g_iopen_116 < gd_84)) {
gd_124 = (g_iopen_116 - 0.237 * gd_108) / 0.763;
gd_132 = (g_iopen_116 - gd_108 / 2.0) / 0.618;
gd_140 = (g_iopen_116 - gd_108 / 2.0) / 0.5;
gd_148 = (g_iopen_116 - 0.618 * gd_108) / 0.382;
ObjectSetText("Comment", gs_156 + " AT " + DoubleToStr(g_iopen_116, 4) + " SL " + DoubleToStr(gd_100, 4) + " TP " + DoubleToStr(gd_124, 4) + " " + DoubleToStr(gd_132, 4) +
" " + DoubleToStr(gd_140, 4) + " " + DoubleToStr(gd_148, 4), 15, "Times New Roman", Red);
ObjectSet("Stop", OBJPROP_PRICE1, gd_100);
ObjectSet("Enter", OBJPROP_PRICE1, g_iopen_116);
ObjectSet("TakeProfit1", OBJPROP_PRICE1, gd_124);
ObjectSet("TakeProfit2", OBJPROP_PRICE1, gd_132);
ObjectSet("TakeProfit3", OBJPROP_PRICE1, gd_140);
ObjectSet("TakeProfit4", OBJPROP_PRICE1, gd_148);
}
if (gi_164 > 10 || gi_164 < -10) {
ObjectSetText("Comment", "No Enter --> (Average1-Average2) = " + gi_164, 15, "Times New Roman", Red);
ObjectDelete("TakeProfit1");
ObjectDelete("TakeProfit2");
ObjectDelete("TakeProfit3");
ObjectDelete("TakeProfit4");
ObjectDelete("High");
ObjectDelete("Low");
ObjectDelete("Enter");
}
return (0);
}

if i do not have mq4 format

in this case add email alert

why average 1 and 2 in mine is not black but yellow. how to change it to black.

modify those two line
ObjectSet("Average1", OBJPROP_COLOR, Black);
ObjectSet("Average2", OBJPROP_COLOR, Black);

Hi,

I noticed that when I change time frame, the average lines still shows on any time frame I change to and the sell/buy/no enter alert as well. Can this be taken to mean that whatever timeframe you attach the indicator to, the calculations are still being done in the 4Hr time frame?

Pls clarify.

Thanks.

there are condition should be between the av1 - av2 should be between 0 and 10

in out of range you will not have signal

and the av1 and av2 only for 4h chart and 4h bar

in case of any one please post the signal life to find together bast and strong opportunity

what news about EA

i don't really understand how to use the indicators.

is it .. buy when the price action is above average 1 and average 2

and sell when the price action is below average 1 and average 2?

please clarify me.

the indicator will give signal

salamon alaikom
could u please explain how u control your trade volume after each tps has been hit? i mean when your first tp hit then do u close any volume of your entry lot?????and the same for tp2 and tp3 ? or other type?

in case i got signal long or short i will have 3 tp what i will do

i will open 3 different lot the 3 lot will have same SL

in case tp1 hit 2 lot will be balance in this case i will shift sl to entry level waiting tp2 and tp3
some ppl when tp2 hit shift sl to tp1 level waiting tp3

gu