Easy Trend System/Indicator V.2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Easy Trend System 42 replies

Supatrend easy to follow trend following system, clean rules 123 replies

An Easy System (With the help of ES Trader - Another Simple System) 13 replies

Eastside Easy Trend & Pattern System 15 replies

Need help writing an MQL4 indicator - avg trend/existing trend 2 replies

Attachments: Easy Trend System/Indicator V.2
Exit Attachments

Easy Trend System/Indicator V.2

  • #1
  • First Post: Edited 3:27pm Jan 25, 2011 11:54am | Edited 3:27pm
Attached is the golden signals indicator. This indicator does not repaint.

Sometimes it will not paint a signal at all until the chart is refreshed. I feel this can be worked with in the code. Not sure why it does this...

This is a new version of my original post.

Changes have been made to the strategy...

we look for signal on 15 min chart. Once signaled look at the 1 min chart to see if the signal is currently in the same direction as the 15 min signal. If so enter your trade till you get an exit on the 1 min time frame with a signal going in the opposite direction. Continue to enter trades when you get a new signal going in the same direction as the 15 min signal.

Hope this makes since. I posted a screen shot to help.

This is actually a pretty decent little trading system. Kind of surprising


Update!
starlimit03 has made a wonderful EA based on the golden fingure indicator.
Here it is!
Current version of EA seems to not be trading at the moment. will update soon.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 209 KB
Attached File(s)
File Type: ex4 Golden Finger.ex4   5 KB | 2,992 downloads
File Type: mq4 Golden Finger EA.mq4   7 KB | 2,104 downloads
File Type: txt Golden Finger EA inputs.txt   2 KB | 1,998 downloads
  • #2
  • Edited 1:35pm Jan 25, 2011 12:46pm | Edited 1:35pm
Quoting tazmaan
second trade and last trade are losses, looks where the bar closes where the yellow dot is.
The system is ok but there will be small losses. It's not the holly grail. The gains can be quite large if you take quite a few signals.

This system is one that maybe doesn't make as much sense as some of my others but...

typical trade movement and profit with this system.

example....

5 pips loss
3 pip loss.
23 pip gain.
3 pip loss
36 pip gain
6 pip loss
3 pip gain


This is how this system would work.
if you stick with it long enough I believe you could come out gaining some pips.
  • #3
  • Jan 25, 2011 1:18pm Jan 25, 2011 1:18pm
Quoting tazmaan
what i am pointing out is that you have incorrectly marked results on your chart example. the two trades i mentioned would be losing trades, not winning.

lol. I marked them as losses on chart. Little - in front of pip number to indicate a loss.
  • #4
  • Jan 25, 2011 1:32pm Jan 25, 2011 1:32pm
well done cubby for a new thread . will have to look into it tomorrow.
  • #5
  • Jan 25, 2011 1:33pm Jan 25, 2011 1:33pm
Quoting webglobe
well done cubby for a new thread . will have to look into it tomorrow.

Not really new thread. Just a better update to my original post....
  • #6
  • Jan 25, 2011 1:39pm Jan 25, 2011 1:39pm
Is it possible to add an option in indicator to show more dots, for example 5000 bars back ?
  • #7
  • Jan 25, 2011 3:13pm Jan 25, 2011 3:13pm
sorry cubby, my old eyes played tricks on me
i've deleted my posts related to that
  • #8
  • Jan 25, 2011 10:27pm Jan 25, 2011 10:27pm
Quoting Cubbybgood
Not really new thread. Just a better update to my original post....
Is this indicator good for GBPUSD only? Thanks
  • #9
  • Jan 25, 2011 10:32pm Jan 25, 2011 10:32pm
Quoting aelimian
Is this indicator good for GBPUSD only? Thanks

I've only tested it on the EU and GU. Feel free to test other pairs but keep in mind that this post was bast off of these 2 pairs.
  • #10
  • Jan 26, 2011 12:04am Jan 26, 2011 12:04am
HI,thanks for sharing.I wonder is the indicator only for buy? Can I short at yellow signals?
  • #11
  • Jan 26, 2011 12:45am Jan 26, 2011 12:45am
You are sure this indicator does not repaint??

Does it repaint when on the live chart or NO unless you reload the chart..then it may repaint?

Can you post the mq4 so perhaps someone can
look at the code for us?

thanks

Brian

Quoting Cubbybgood
Attached is the golden signals indicator. This indicator does not repaint.

Sometimes it will not paint a signal at all until the chart is refreshed. I feel this can be worked with in the code. Not sure why it does this...

This is a new version of my original post.

Changes have been made to the strategy...

we look for signal on 15 min chart. Once signaled look at the 1 min chart to see if the signal is currently in the same direction as the 15 min signal. If so enter your trade till you get an exit on the 1 min time frame with a signal going...
  • #12
  • Edited 1:22am Jan 26, 2011 1:10am | Edited 1:22am
I used this indicator.GBPUSD M1 showd the blue dot,but I opened another GBPUSD M1,it showd yellow dot,it did not appear in the before TF,so I lost 20 pips.why?
  • #13
  • Jan 26, 2011 5:06am Jan 26, 2011 5:06am
thanks 4 the indicator,looking very good on higher timeframes
  • #14
  • Jan 26, 2011 10:01am Jan 26, 2011 10:01am
This indicator does not repaint.
It forms after the price breaks the previous direction/trend.
I watch it on the 15m chart and normally after it appears, the price will pull back to the actual candle that formed the dot.
There is several ways to trade the signal, I have my thoughts to the overall pattern, but each trader needs to watch it live, and do a study of the actual patterns and figure out for themselves what is the best scenario to take.

Presently we have a short signal on the hour chart, and a buy signal on the 15m chart, so pick your trade wisely.
  • #15
  • Jan 26, 2011 10:08am Jan 26, 2011 10:08am
Quoting N2FX
This indicator does not repaint.
It forms after the price breaks the previous direction/trend.
I watch it on the 15m chart and normally after it appears, the price will pull back to the actual candle that formed the dot.
There is several ways to trade the signal, I have my thoughts to the overall pattern, but each trader needs to watch it live, and do a study of the actual patterns and figure out for themselves what is the best scenario to take.

Presently we have a short signal on the hour chart, and a buy signal on the 15m chart, so pick...
So the 15 is reflecting the pull back to the 1 hour level. So now we await the 15 min sell signal.
  • #16
  • Jan 26, 2011 10:12am Jan 26, 2011 10:12am
Quoting mgs1f
So the 15 is reflecting the pull back to the 1 hour level. So now we await the 15 min sell signal.
The hour gave short signal prior to the bullish candle that closed LONDON, so I would be very careful for shorts presently, once the 15m gives a signal, and it shows the strength up has stalled, then I would consider the shorts, but for now I am trading with the last Hour bar power.

I just took a long on the pullback that ranged on the 1m chart and spiked back up.

They are all small scalps, since were in that period where NY is going to go it's own direction with London out.

Let's see how it develops, I will post some pics later today when I am free.
  • #17
  • Edited 10:29am Jan 26, 2011 10:20am | Edited 10:29am
The price is wedged between 3695 and 3680, so let's see how it plays this area, I would short a break, but not sure about long just yet, depends on the 5m/15m setups.

3680 is being a little stubborn, I am waiting for some sort of aggressive 1m candle to short. It may or may not go here.
  • #18
  • Jan 26, 2011 10:46am Jan 26, 2011 10:46am
Quoting N2FX
The price is wedged between 3695 and 3680, so let's see how it plays this area, I would short a break, but not sure about long just yet, depends on the 5m/15m setups.

3680 is being a little stubborn, I am waiting for some sort of aggressive 1m candle to short. It may or may not go here.
I hoped you got that, it was nice support break at 1.3680 you were watching, thanks.
I put in 2 shorts (+6 and +7) for the small drop, got out fast knowing that it can snap back.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 1m shorts.jpg Size: 113 KB
TheCableGuy
  • #19
  • Jan 26, 2011 2:51pm Jan 26, 2011 2:51pm
Looks like the indi is based on a moving average cross ?

UPDATE: OK I see it aint, do you maybe have the code?
  • #20
  • Jan 28, 2011 9:37am Jan 28, 2011 9:37am
in the first post is an EA attached but i was wondering if it cant be changed a little bit....
my whishes are that when a aqua dot appeares the EA buys and when a gold dot appeares the EA sells....no SL or TP just take the trade and reverse the trade when a sell or buy dot appeares.

so in short.....aqua dot=buy and hold the trade untill gold dot appeares then sell untill blue dot appeares and the buy etc etc

thnx
0 traders viewing now