Nice to see someone (other than me) using fibo targets.
See my analysis below (using V6 only).
Robdee
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Option 2 (safe)
Option 3 (more risk)
Note: 123PatternsV6 will not show the 123 dots until the break has happened. So either you find your own 123's (eg with ZigZag) or you wait for the break. V6 makes Option 1 easy.
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Option 2 (safe)
- 1 2 3 (no wait for break)
- draw fibo 1-2
- wait for Vantage signal candle (small wick)
- now place order on 50 fibo(vantage place your order in close of small wick candle not on 50 fibo)
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Dislikedthanks alot rodbee you write nice and i learn much things from you
Is blue text above right or not?Ignored
DislikedI like your work Rob!
Excuse my stupidity but could someone point out the 123 setup in the marked candle on my chart?Ignored
Dislikedcould someone point out the 123 setup in the marked candle on my chart?Ignored
V7 beta is focused on aggressive entries.
This means that by design it does not wait for a valid 123.
If you cannot find any 123 then you may decide not to trade that signal.
DislikedThis chart illustrates the use of fibos drawn correctly from 1-2.
Attachment
Please click on the chart multiple times until you see the full size image.
These fibos provide consistent entry and exit targets.Ignored
DislikedRob appears to have programmed the 2b reversal (just google it), between v7 and v6 we seem to be nailing these turns.
Rob I really still like a lot of the v6 signals.Ignored
Here is the code... (see MQ4 file attached at end of post for download)
Inserted Code //+-----------------------------------------------------------+
//| MT4 CUSTOM INDICATOR 123AlarmsV7.MQ4 |
//| copy to [experts\indicators] and recompile or restart MT4 |
//+-----------------------------------------------------------+
//| Free software for personal non-commercial use only. |
//| No guarantees are expressed or implied. |
//| Feedback welcome via Forex Factory private message. |
//+-----------------------------------------------------------+
#property copyright "Copyright © 2011 Robert Dee"
#property link "www.forexfactory.com/robdee"
#define INDICATOR_VERSION 20111217 // VERSION 1 - compatible with 123PatternsV7 indicator only
#define INDICATOR_NAME "123AlarmsV7"
#define RELEASE_LEVEL "Public"
#define MT4_BUILD 409
#property indicator_chart_window
extern string Notes = "Alarms for 123PatternsV7";
extern string AlarmSound = "symbol"; // WAV files must be in MT4\sounds folder, set to "symbol" to use audusd.wav etc.
extern int AlarmRepeat = 6; // number of times to repeat the sound
extern int AlarmDelay = 10; // delay in seconds before repeating the sound
extern bool AlarmPopup = True; // true means popup is enable, pops once per alarm
extern bool AlarmEmail = True; // true means email is enable, email once per alarm
int alarmcount;
double alarmprice, emailprice;
datetime alarmtime, lastsoundtime, lastcandletime;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
if(AlarmSound == "symbol") AlarmSound = Symbol()+".wav";
} // end of init()
//+------------------------------------------------------------------+
//| AlarmArrows() process the alarms based on indicator arrows only
//+------------------------------------------------------------------+
void AlarmArrows(double buysig, double sellsig)
{
string msg;
// BUY SIGNAL
if(buysig != EMPTY_VALUE && sellsig != EMPTY_VALUE)
while(buysig > sellsig)
{
msg = Symbol()+" BUY "+TimeToStr(Time[0],TIME_MINUTES)+" "+DoubleToStr(Close[1],Digits);
if(AlarmPopup == True && alarmprice != Close[1]) {Alert(msg); alarmprice = Close[1];}
if(AlarmEmail == True && emailprice != Close[1]) {SendMail(msg,msg); emailprice = Close[1];}
// sounds
if(alarmcount >= AlarmRepeat) break; // do no more
if(TimeCurrent() < lastsoundtime+AlarmDelay) break; // do no more
PlaySound(AlarmSound);
lastsoundtime = TimeCurrent();
alarmtime = Time[0];
alarmcount++;
break;
}
// SELL SIGNAL
if(buysig != EMPTY_VALUE && sellsig != EMPTY_VALUE)
while(sellsig > buysig)
{
msg = Symbol()+" SELL "+TimeToStr(Time[0],TIME_MINUTES)+" "+DoubleToStr(Close[1],Digits);
if(AlarmPopup == True && alarmprice != Close[1]) {Alert(msg); alarmprice = Close[1];}
if(AlarmEmail == True && emailprice != Close[1]) {SendMail(msg,msg); emailprice = Close[1];}
// sounds
if(alarmcount >= AlarmRepeat) break; // do no more
if(TimeCurrent() < lastsoundtime+AlarmDelay) break; // do no more
PlaySound(AlarmSound);
lastsoundtime = TimeCurrent();
alarmtime = Time[0];
alarmcount++;
break;
}
return;
} // end of AlarmArrows()
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
double buysig = iCustom(NULL,0,"123PatternsV7",2,1); // use value from last closed candle (shift=1)
double sellsig = iCustom(NULL,0,"123PatternsV7",3,1); // use value from last closed candle (shift=1)
AlarmArrows(buysig, sellsig);
return(0);
}// end of start()
123AlarmsV7 indicator
All my indicators are free for personal non-commercial use.
All I ask is that my copyright is respected.
Private messages are the best way to send feedback to me about the indicator. I don't want this thread to become a indicator support forum thanks.
123Alarms must be in the active profile to be processed and trigger the alarm.
Three WAV files in sounds.zip are extracted to MT4\\sounds folder, you can also make your own WAV files but they must be saved in this folder. Download sounds.zip from post #1224
DislikedIf you are already using 123PatternsV7 then you may be interested in this..
123AlarmsV7
- Immediately after 123PatternsV7 paints a signal, 123AlarmsV7 plays a WAV file.
- There are options to show popups or send email messages.
- This alarm system requires that 123PatternsV7 is installed. See post #235.
Here is the code... (see MQ4 file attached at end of post for download)...
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DislikedHi, been following this thread for a while now. Just sucking in all that info like a sponge.
Robdee, I know you said this ain´t no support thread to the indi.
I´m yet not allowed to send pm. So I apologize for this post.
My question is why or how you determinate where to draw the fibo in the picture at post #291
When I look at the pic it all seems great with bounce att fibo 50 and everything.
But its a already printed chart. How about when its live. ( with other words, how to predict the future )
Why not choose point 2 earlier or later?
Se...Ignored