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Indicator needed for H4 Trend System

  • #21
  • Nov 19, 2010 3:57am Nov 19, 2010 3:57am
Quoting bandung
that awesome pip..

is that the trade from the signal you posted here?
exactly bandung
  • #22
  • Nov 19, 2010 4:28am Nov 19, 2010 4:28am
Quoting bandung
hi traders..

as per Pip26 request and plus my imagination the dashboard now look pretier lol

here is an update :

The Dashboard (ay-TrendFinderDB-v02) :

  1. can have more than 2 bars, you can set the number of bar on Indicator Input dialog, the idea of displaying more bar is to know the background of the trend, is this a fresh trend or continuation.
    Am I right about it pip ?.
  2. you can have a multiple instant of this dashboard on one chart, just play with Row Position and TimeFrame parameter.


[b]The Pairs...


You are so quick mate...

You modified it exactly what i meant.. lets keep testing it..

Good Luck
  • #23
  • Nov 20, 2010 5:35am Nov 20, 2010 5:35am
Quoting Pip26
You are so quick mate...

You modified it exactly what i meant.. lets keep testing it..

Good Luck
hello mate..

I notice today when I'm using 17 inch screen the dashboard is too big
so i managed to make a smaller version
Attached Image (click to enlarge)
Click to Enlarge Name: trendfinder-dashboard.png Size: 137 KB
Attached File(s)
File Type: mq4 ay-TrendFinderDB-V02-smaller.mq4   8 KB | 1,257 downloads
...
  • #24
  • Nov 20, 2010 5:44am Nov 20, 2010 5:44am
Quoting bandung
hello mate..

I notice today when I'm using 17 inch screen the dashboard is too big
so i managed to make a smaller version
Hello bandung,

What abt other dashboard indicator is it okay or has still same issue?
  • #25
  • Nov 22, 2010 11:22am Nov 22, 2010 11:22am
hello bandung,

good work



RSI 8 >>> better indicator ""smSwingMan Vorticity.mq4""


good luck
Attached File(s)
File Type: mq4 smSwingMan Vorticity.mq4   4 KB | 1,009 downloads
  • #26
  • Nov 23, 2010 3:40am Nov 23, 2010 3:40am
hello Bandung,

please make smaller version and alert for "ay-TrendFinder-V03"

thanks
  • #27
  • Nov 23, 2010 4:28am Nov 23, 2010 4:28am
Hello guenter487,

If ur testing this dashboard then please share your results, would be appreciate able and helpfull.

Cheers
  • #28
  • Nov 25, 2010 9:50am Nov 25, 2010 9:50am
Quoting Pip26
Hello,

Can any coder code the dashboard indicator for this method?
http://www.forexfactory.com/showpost...95&postcount=1
I want to add 1 more indicator with it.
RSI Custom.

I simply need

1. Red/Green Dot for

a. Awesome Oscilator

b. Stoch Histogram (5,3,3)

2. RSI Custom (when RSI goes below 45 dot should turn red when above 55 should turn green, if stays between 45-55 show yellow)

3. Advanced ADX (value should be above 15 according to the method).

4. Time frames options.

5. Parameters can be change of Stoch Histogram,...
http://i53.tinypic.com/10gfxj8.gif

RSI indicator enhanced to show rising/falling RSI. Bright colors = rising. Dim colors = falling.
Attached File(s)
File Type: mq4 RSI CustomQC.mq4   3 KB | 832 downloads
  • #29
  • Nov 25, 2010 11:18pm Nov 25, 2010 11:18pm
Quoting tjfxtrader
http://i53.tinypic.com/10gfxj8.gif

RSI indicator enhanced to show rising/falling RSI. Bright colors = rising. Dim colors = falling.
Thnx mate it must be helpfull
  • #30
  • Nov 26, 2010 6:58am Nov 26, 2010 6:58am
Hello Bandung,

Can u add option to dashboard indicator to move it to the bottom of chart in separate window??

Also modify the multipair dashboard smaller version.

Regards,
pip26
  • #31
  • Edited 9:42am Nov 26, 2010 8:49am | Edited 9:42am
Quoting guenter487
hello Bandung,

please make smaller version and alert for "ay-TrendFinder-V03"

thanks
hello guanter487,

I make a smaller version of the multipair dashboard "ay-TrendFinder-V03", please check it out..

@pip26
I updated the single pair dashboard "ay-TrendFinderDB-V02-smaller.mq4" to became have an options to put it on separate windows. there is a new parameter called WindowID. Use 0 to put the indicator on Main Chart, use 1 or Window Number to put it on other Window. just remember the main chart is always had Window Number 0.
Attached File(s)
File Type: mq4 ay-TrendFinder-V03-smaller.mq4   8 KB | 1,448 downloads
File Type: mq4 ay-TrendFinderDB-V02-smaller.mq4   8 KB | 1,244 downloads
...
  • #32
  • Nov 26, 2010 9:20am Nov 26, 2010 9:20am
You are too fast men

Thanx again
  • #33
  • Nov 26, 2010 10:02am Nov 26, 2010 10:02am
Thanks alot bandung. Im using the smaller version displayed on the right side of the chart. This seems to be a quality indicator. Very solid programming mate.
  • #34
  • Nov 26, 2010 10:38am Nov 26, 2010 10:38am
hi pip26 and bandung ,man of genius
Attached Image (click to enlarge)
Click to Enlarge Name: master.gif Size: 86 KB
  • #35
  • Nov 26, 2010 12:30pm Nov 26, 2010 12:30pm
Ok, after 2 days testing this method all I have to say is wow.... Results speak for themselves: (results in pips)

OPEN DATE CURRENCY PIPS

Trade 1: Nov. 24, 8:00 USDCAD +50
Trade 2: Nov. 24, 8:00 USDCAD +50

Trade 3: Nov. 25, 00:00 EURUSD +100
Trade 4: Nov. 25, 00:00 EURUSD +83.8

Trade 5: Nov. 25, 00:00 USDJPY +51.7 Closed before Friday close
Trade 6: Nov. 25, 00:00 USDJPY +51 Closed before Friday close

Trade 7: Nov. 25, 00:00 NZDUSD +100
Trade 8: Nov. 25, 00:00 NZDUSD +91.2 Closed before Friday close

Trade 9: Nov. 25, 4:00 AUDUSD +100
Trade 10: Nov. 25, 4:00 AUDUSD +111.2

Trade 11: Nov. 26, 8:00 GBPCHF +63.7 Closed before Friday close
Trade 12: Nov. 26, 8:00 GBPCHF +64.7 Closed before Friday close
-------

TOTAL PIPS +917.3

*All others were closed either reaching TP or SL

How I achieved this results?

I only opened my trades at the start of each 4hr candle when conditions were met (00, 4, 8, 12, 16, 20 hrs), not when indicator sent alert (I think this is what the original method intended), but the indicator is awesome because it makes everything easier!!!!!!! Kudos to the creator!

SL moved to BE when +50 pips were obtained. Also, SL on 2nd position moved to +50 when 1st. trade reached TP. (I have to inform you that the trades on USDCAD, I moved SL to +50 because 1st. position reached +99 pips but never hit TP, so I moved SL before 1st. TP was hit)

After SL was moved to +50, I set a TS on all positions since I live in CST, then London session is when I sleep, so I had to leave my positions protected.

No positions were left open for the weekend. I have to say this is the most pips I've ever made in my life... too bad it's just demo

I'll keep this account updated in Myfxbook and this account will use a custom start date but as from now, I will only trade this method in this account.

Starting balance was around $1,840

https://www.myfxbook.com/members/cha...d-system/35217 <--- LINK TO MYFXBOOK

As for lots I am using 0.1 lots for every position, because in FxPro I can't go lower than that so not following really 3% MM.
  • #36
  • Nov 26, 2010 7:29pm Nov 26, 2010 7:29pm
Quoting chano12
Ok, after 2 days testing this method all I have to say is wow.... Results speak for themselves: (results in pips)

OPEN DATE CURRENCY PIPS

Trade 1: Nov. 24, 8:00 USDCAD +50
Trade 2: Nov. 24, 8:00 USDCAD +50

Trade 3: Nov. 25, 00:00 EURUSD +100
Trade 4: Nov. 25, 00:00 EURUSD +83.8

Trade 5: Nov. 25, 00:00 USDJPY +51.7 Closed before Friday close
Trade 6: Nov. 25, 00:00 USDJPY +51 Closed before Friday close

Trade 7: Nov. 25, 00:00 NZDUSD +100
Trade 8: Nov. 25, 00:00 NZDUSD +91.2 Closed before Friday close

Trade 9: Nov. 25,...

hey chano.. great work, thank you for sharing it with us. how much pips are using for TS after trade set to BE?
...
  • #37
  • Nov 26, 2010 7:52pm Nov 26, 2010 7:52pm
Quoting bandung
hey chano.. great work, thank you for sharing it with us. how much pips are using for TS after trade set to BE?
Ok, let me try to explain... when trades reach +50 pips, I set SL to BE, then, when trade 1 hits TP (100 pips) I move the SL to +50 pips and set a 50 pips TS.

EG:

I buy EU at 1.36; SL at 1.35, TP at 1.37

When both trades reach 1.3650, I move SL to 1.36

Trade 1 reaches TP (@ 1.37), SL on 2nd. trade is moved to 1.3650 and then a 50 pips TS is enforced, so at least 150 pips are locked (100 from the 1st. trade, 50 from the 2nd.)


Hope everyone can understand! If not, feel free to ask!

Greetings from Mexico!
  • #38
  • Nov 27, 2010 2:08am Nov 27, 2010 2:08am
Quoting chano12
Ok, after 2 days testing this method all I have to say is wow.... Results speak for themselves: (results in pips)

OPEN DATE CURRENCY PIPS

Trade 1: Nov. 24, 8:00 USDCAD +50
Trade 2: Nov. 24, 8:00 USDCAD +50

Trade 3: Nov. 25, 00:00 EURUSD +100
Trade 4: Nov. 25, 00:00 EURUSD +83.8

Trade 5: Nov. 25, 00:00 USDJPY +51.7 Closed before Friday close
Trade 6: Nov. 25, 00:00 USDJPY +51 Closed before Friday close

Trade 7: Nov. 25, 00:00 NZDUSD +100
Trade 8: Nov. 25, 00:00 NZDUSD +91.2 Closed before Friday close

Trade 9: Nov. 25, 4:00 AUDUSD +100
Trade...
Hello Chano,

Thanx for sharing all this details with us.. really remarkable.. This method is really good i had a good results with it. Keep testing it.

Basic method is to take trade when all conditions met but i think taking at H4 candle close would be more conservative especially for newbies. Aggressively u can take with indicator conditions only.

MM is very important and using TS and moving SL to break even after +50 is really wise approach. Never let the market to snatch back given pips from u, always book every possible profit.

Good to see peoples are taking interest in this method

And more of this all CREDIT GOES TO BANDUNG

Keep sharing ur results

Good Luck
  • #39
  • Nov 27, 2010 5:19am Nov 27, 2010 5:19am
Ronald Raygun already made Ea for this system (http://www.forexfactory.com/showpost...3&postcount=14). Maybe its possible modify it and will make a back & forward test for it?
  • #40
  • Edited 8:24pm Nov 27, 2010 8:09pm | Edited 8:24pm
Quoting Pip26
Hello Chano,

Thanx for sharing all this details with us.. really remarkable.. This method is really good i had a good results with it. Keep testing it.

Basic method is to take trade when all conditions met but i think taking at H4 candle close would be more conservative especially for newbies. Aggressively u can take with indicator conditions only.

MM is very important and using TS and moving SL to break even after +50 is really wise approach. Never let the market to snatch back given pips from u, always book every possible profit.

Good...
thank you pip..

reading chano post make me want to visualize where is his entry and stoploss.
so I decide to make one indicator and ea

the indicator :

  1. green when 4 indicators is green
  2. dodgerblue when 3 of 4 indicators is green
  3. red when 4 indicators is red
  4. magenta when 3 of 4 indicators is red
  5. gray when none above conditions is met


the ea:

  1. will open 2 buy order if 2 bars behind met condition GRAY, GREEN
  2. will open 2 sell order if 2 bars behind met condition GRAY, RED
  3. will not open a new order when there is a continuation signal and we still have trade open in the same direction
  4. will set sl = 100 for both order (buy/sell)
  5. will set 1st order tp = 100 and the 2nd order tp = 0
  6. will set both order to BE when trade +50
  7. will close both trade or reminder (if 1st order hit tp) when the oposite signal exist.


i backtested on strategy tester the ea work best when market trending and got killed when market ranging..

please use the ea on demo account for forward test and highly appreciated if you can report it back here.

note :
- ea, I made it on saturday morning, so i dont know if it will work on live market
- if you notice on my chart, the psar(0.01, 0.1) can filter a few CT bad trades

cheers,
bandung

Attached Image (click to enlarge)
Click to Enlarge Name: hysto-trendfinder.gif Size: 24 KB
Attached File(s)
File Type: mq4 ay-Trendfinder-Hystory.mq4   7 KB | 1,201 downloads
File Type: mq4 ay-trendfinder-ea.mq4   15 KB | 1,073 downloads
...
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