I started this thread because I need help form someone who is interested in the Bill williams chaos trading system and also has excellent MQL programming skills.
If you are new in this topic please read the other treads in this forum about chaos trading system:
Profitunity (Chaos) Trading System by Bill Williams
Chaos Trading System
Trading Chaos?
I have found an excellent indicator "ZoneTrade" that is based on this trading approach that integrates Acceleration/Deceleration Technical Indicator (AC) and Awesome Oscillator (AO) into the standard candlestick charts. In this way it is a lot easier to tarade in the zone.
Accoding to the developer of the ZoneTrade indicator http://codebase.mql4.com/4797 this is based on the following:
The indicator is written by the fourth dimension of B. Williams - Trading Zone:
If the current bars of AC and AO are green, it shows that the zone is green.
If the current bars of АС and АО red, it shows that the zone is red.
If the bars of AC and AO are differently directed then the bar is colored grey (grey zone).
My own idea is to improve this ZoneTrade indicator and extend its efficiency by integrating this approach into "Heiken Ashi" candles. These Heiken Ashi candles are powerful and easy tool to filter trending and sideways market.
Please see the picture of the both indicators and think about the innovation by combining both of them:
http://img132.imageshack.us/img132/4257/zonetrade.gif
Please could somebody combine both indicators (Zonetrade + Heiken Ashi) and develope a Heiken Ashi version of the ZoneTrade indicator. I think that this will be the excellent advancement of this trading technique.
I also attached the code of both indicators.
If you are new in this topic please read the other treads in this forum about chaos trading system:
Profitunity (Chaos) Trading System by Bill Williams
Chaos Trading System
Trading Chaos?
I have found an excellent indicator "ZoneTrade" that is based on this trading approach that integrates Acceleration/Deceleration Technical Indicator (AC) and Awesome Oscillator (AO) into the standard candlestick charts. In this way it is a lot easier to tarade in the zone.
Accoding to the developer of the ZoneTrade indicator http://codebase.mql4.com/4797 this is based on the following:
The indicator is written by the fourth dimension of B. Williams - Trading Zone:
If the current bars of AC and AO are green, it shows that the zone is green.
If the current bars of АС and АО red, it shows that the zone is red.
If the bars of AC and AO are differently directed then the bar is colored grey (grey zone).
My own idea is to improve this ZoneTrade indicator and extend its efficiency by integrating this approach into "Heiken Ashi" candles. These Heiken Ashi candles are powerful and easy tool to filter trending and sideways market.
Please see the picture of the both indicators and think about the innovation by combining both of them:
http://img132.imageshack.us/img132/4257/zonetrade.gif
Please could somebody combine both indicators (Zonetrade + Heiken Ashi) and develope a Heiken Ashi version of the ZoneTrade indicator. I think that this will be the excellent advancement of this trading technique.
I also attached the code of both indicators.
Attached File(s)
ZoneTrade_2.4.mq4
7 KB
|
7,047 downloads
Heiken Ashi.mq4
4 KB
|
2,918 downloads
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