Dashboard for 60minuteman strategies | Forex Factory

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Dashboard for 60minuteman strategies

  • #1
  • First Post: Edited Sep 10, 2012 4:26pm Apr 2, 2012 9:12am | Edited Sep 10, 2012 4:26pm
The visual trade management EA is now here in this thread.
Too much clutter in the trading systems thread.
Until we have a manual for the EA , you can use the description in post #13:
http://www.forexfactory.com/showthre...25#post5549925

Sometimes traders havenīt used Expert Advisors and donīt know how to install and using
them. Please watch tutorials or read tutorials because I cannot teach everybody the basics
of how to use Mt4. There is plenty of material available for free.
For example here:
Inserted Video


or here:
Inserted Video


The dashboard is under development.
Latest version will be posted here.

Strategy 1: Buy sell line trading by 60minuteman
http://www.forexfactory.com/showthread.php?t=345838

Strategy 2: Simple trend trading strategy by 60minuteman
http://www.forexfactory.com/showthread.php?t=349900

Attachment

The zip file contains indicators, template and instructions.

Features:

- Shows signals for BuySell line strategy Rule 1 -3
- Shows alternative entry signal
http://www.forexfactory.com/showthread.php?t=345838


- Shows signals for Simple trend trading strategy development
http://www.forexfactory.com/showthread.php?t=349900

- Select Popup-Alerts and/or e-mail Alerts

- Select pairs (maximum 24 pairs) and timeframes

- Select x y coordinates ( horizontal and vertical position )

- Select fontsize and colors
symbolCodeBuy = 233, // a symbol code for a buy signal Bullish Engulfing
symbolCodeSell = 234, // symbol code for a sell signal Bearish Engulfing
symbolCodeBuyIB = 221, // a symbol code for a buy signal Inside Bar
symbolCodeSellIB = 222, // symbol code for a sell signal Inside Bar
symbolCodeNoSignal = 110, // no signal

if you wish to have other arrows or symbols, you can
see a table and choose here: http://articles.mql4.com/536

- dashboard is checking the background color of the chart it
is attached to and adapts the colors automatically.
This way you can see everything on white or black charts
without adapting colors manually
(code for this feature is from zznbrm , I searched in vain for many hours
and zznbrm helped me and sent it to me. Thank you very much, zznbrm,
I like this feature).


Update: optimized
Attach the dashboard to M1 on a pair which has high volatility
because the dashboard is tick driven (like all EAs and indicators).
Each time a new price is quoted from the broker-server,
the indicator is doing calculations.


- if you change the background color of the chart the dashboard
indicator is attached to, click on a different timeframe,
this forces the indicator to initialize and thus detecting
the new background color

- if you need more than 24 pairs, you need a new chart and
attach the indicator there too. Insert the pairs you want to
see

Important: Do not trade every signal.
The signals only indicate that the rules are met, but
the indicator does not check Support Resistance levels
and higher timeframe-levels and trend.
Enter a trade at your own discretion.
------------------------------------------------------------

Update !BuySell_line V15 indicator uploaded. It is All-in-One indicator
which shows Engulfing,Insidebars and Alternate Signals on the chart.
It has a Lot-Size calculator and you can choose to show the Lotsize
on the chart ( based on RiskPercent and distance of StopLoss ).
V15: toggle to show MA


! BuySell_Manager_V7.2 uploaded. You can use it for other strategies too.
It places an order for you and manages the order.
It is a visual trade manager. You drag and drop SL and TP with the mouse
and the EA adjusts the SL and TP of the order.
A manual will be uploaded when i find time to write it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dashboard v2.1 display explanations.jpg Size: 59 KB
Click to Enlarge Name: Legend of dashboard.jpg Size: 54 KB
Attached File(s)
File Type: mq4 SitaringMultiCandleTime-1.mq4   4 KB | 2,481 downloads | Uploaded Apr 6, 2012 4:26pm
File Type: ex4 ! BuySell_line_V14.ex4   22 KB | 1,850 downloads | Uploaded Jul 5, 2012 6:53am
File Type: ex4 ! BuySell_line_V15.ex4   22 KB | 2,154 downloads | Uploaded Jul 13, 2012 2:48am
File Type: ex4 ! BuySell_Manager_V7.4.ex4   57 KB | 2,423 downloads | Uploaded Jul 13, 2012 3:21am
File Type: zip ! 60mm_dashboard_V7.2.zip   27 KB | 3,583 downloads | Uploaded Sep 10, 2012 4:26pm
  • #2
  • Apr 3, 2012 1:17am Apr 3, 2012 1:17am
Nice indicator. This is exactly what im looking for thanks.

I have a problem however, have followed installation instructions but it seems to close my MT4(FXPRO) when I attach the template or manually attach indicators.
We're all just one trade away from humility.
  • #3
  • Apr 3, 2012 2:25am Apr 3, 2012 2:25am
Drewas, what MT4 build do you have? This happened to me as well when using MT4 build 409, and if you selected "Experts" (quickly, before it was closing) you could see an error message about corrupted file. If this is the case, upgrade to build 416 or 418, and it should work fine.

Quoting Drewas
Nice indicator. This is exactly what im looking for thanks.

I have a problem however, have followed installation instructions but it seems to close my MT4(FXPRO) when I attach the template or manually attach indicators.
  • #4
  • Apr 3, 2012 2:34am Apr 3, 2012 2:34am
Quoting mrsword
Drewas, what MT4 build do you have? This happened to me as well when using MT4 build 409, and if you selected "Experts" (quickly, before it was closing) you could see an error message about corrupted file. If this is the case, upgrade to build 416 or 418, and it should work fine.
If you are not fast enough before it crashes, just delete the indicator
in the experts/indicators folder and restart the mt4, then it cannot find
the indicator and will not crash.
Adjust the settings on Mt4 , copy the indicator into the correct folder, shut down and restart Mt4, then it should work.

I am opening a FxPro demo to see how it goes.
  • #5
  • Apr 3, 2012 4:03am Apr 3, 2012 4:03am
Quoting fxtr51
If you are not fast enough before it crashes, just delete the indicator
in the experts/indicators folder and restart the mt4, then it cannot find
the indicator and will not crash.
Adjust the settings on Mt4 , copy the indicator into the correct folder, shut down and restart Mt4, then it should work.

I am opening a FxPro demo to see how it goes.
fxtr, when you attach the dashboard to a chart, are you setting the colours of the chart to "none" so it does not show on the dashboard or are you doing something else?
Regards
  • #6
  • Edited 4:57am Apr 3, 2012 4:45am | Edited 4:57am
Quoting howard
fxtr, when you attach the dashboard to a chart, are you setting the colours of the chart to "none" so it does not show on the dashboard or are you doing something else?
I have the default black chart and just apply the template for the dashboard.

If you donīt want to use the template and you donīt want to see the candles
and all of that, only the dashboard on a black chart, then you can experiment with the chart properties.
I have background and foreground "black" and everything else to None.

In the meanwhile I tested the dashboard and indicators on
FxPro and eglobal platforms.
It is correct: build 409 crashes. build 418 does not crash.
It works on both.

Now I update Pepperstone with build 419.
Done.
Works fine.
Attached Image (click to enlarge)
Click to Enlarge Name: build 419.jpg Size: 115 KB
  • #7
  • Apr 4, 2012 9:16am Apr 4, 2012 9:16am
Hello,
I need help to figure out how to upgrade my demo platform Build 402 to Build 418 .
I am with oanda build 402 ,it crashes when i load the indicators.
Thanks
Bhupinder
  • #8
  • Apr 4, 2012 1:47pm Apr 4, 2012 1:47pm
Hi Fxtr51,

In orignal buy sell line trading thread there is also mentioned about Following signal .Is it possible to incorporate Following signal also in the above dashboard?

I have backtested and demo tested based on following criteria and its very profitable.

ALTERNATE SIGNAL CANDLE

THE ENGULFING SET UP WILL NOT CATCH ALL MOVES BACK INTO A TREND SO WE HAVE AN ALTERNATE SIGNAL CANDLE THAT IS JUST AS SUCCESSFUL.

THIS IS JUST AN ALTERNATIVE TO THE ENGULFING PRICE ACTION AND ALL OTHER RULES REMAIN UNCHANGED.

1. FOR SHORTS THE SIGNAL CANDLE MUST CLOSE IN THE BOTTOM 25% OF ITS RANGE AND ITS HIGH OR THE PREVIOUS CANDLES HIGH MUST BE THE HIGHEST HIGH OF THE LAST 5 CANDLES.

FOR LONGS THE SIGNAL CANDLE MUST CLOSE IN THE TOP 25% OF ITS RANGE AND ITS LOW OR THE PREVIOUS CANDLES LOW MUST BE THE LOWEST LOW OF THE LAST 5 CANDLE.

Regads,
Bedayan.
  • #9
  • Apr 4, 2012 4:53pm Apr 4, 2012 4:53pm
Quoting bhupinder
Hello,
I need help to figure out how to upgrade my demo platform Build 402 to Build 418 .
I am with oanda build 402 ,it crashes when i load the indicators.
Thanks
Bhupinder
Press F1
Click on "Getting Started"
Click on "Live Update"
There you find instructions.

Or go to your Oanda member page and download a new Mt4 demo there
and when after installation the Update window appears, allow it.
  • #10
  • Apr 4, 2012 5:14pm Apr 4, 2012 5:14pm
Quoting bedayan
Hi Fxtr51,

In orignal buy sell line trading thread there is also mentioned about Following signal .Is it possible to incorporate Following signal also in the above dashboard?

I have backtested and demo tested based on following criteria and its very profitable.

ALTERNATE SIGNAL CANDLE

THE ENGULFING SET UP WILL NOT CATCH ALL MOVES BACK INTO A TREND SO WE HAVE AN ALTERNATE SIGNAL CANDLE THAT IS JUST AS SUCCESSFUL.

THIS IS JUST AN ALTERNATIVE TO THE ENGULFING PRICE ACTION AND ALL OTHER RULES REMAIN UNCHANGED.

1. FOR SHORTS THE SIGNAL CANDLE...
Bedayan, it is possible but first I have to understand the rules.

Let me know if I understood something wrong, here is the rule for a long signal in my own words:

The last 5 candles = the current candle I number with 0.
The candle next to the current candle = candle 1
the candle next to candle 1 = candle 2
and so forth until candle 5.

So I only check 5 candles before the current candle ?

Within these 5 candles, one of them has to close in the top 25 % of its range ?

And one of these 5 candles has to have the lowest Low of them ?

And where is the entry ?
At the top of candle1 (+ 1 Pip +spread) ?
SL should be 1 Pip below the Lowest low of those 5 candles I guess.

Please clarify.
  • #11
  • Apr 4, 2012 7:38pm Apr 4, 2012 7:38pm
Thanks a lot for your help FxTr51.
  • #12
  • Apr 5, 2012 1:51am Apr 5, 2012 1:51am
Hi Fxtr51,

Thanks for your response.
Please find my respnse below.Also check the attached word document details about how candles are counted and checked has been done.Hope it clarifies.Let me know if you require further clarfication regarding this.

If you count current candle as 0 then in total you are counting 6 candle.Please see below candle count.

The last 5 candles = the current candle will be 1
The candle next to the current candle = candle 2
the candle next to candle 1 = candle 3
and so forth until candle 5.

So I only check 5 candles before the current candle ?

No in total you will check 5 candle.Including the current candle.

Within these 5 candles, one of them has to close in the top 25 % of its range ?

not all the five candles not to be checked for this.From right of the chart it should check only candle 1(each new candle will be counted as candle 1) whether it is closed in bottom or top 25% of the candle range.

And one of these 5 candles has to have the lowest Low of them ?

After checking this now candle 1 or candle 2 from the right hand side of the chart should be highest high or lowest low of last five candles.

And where is the entry ?
At the top of candle1 (+ 1 Pip +spread) ? Yes
SL should be 1 Pip below the Lowest low of those 5 candles I guess.Yes

I am attaching a chart example for your clear understanding.

Regards,
Bedayan Chakrabaty.


Quoting fxtr51
Bedayan, it is possible but first I have to understand the rules.

Let me know if I understood something wrong, here is the rule for a long signal in my own words:

The last 5 candles = the current candle I number with 0.
The candle next to the current candle = candle 1
the candle next to candle 1 = candle 2
and so forth until candle 5.

So I only check 5 candles before the current candle ?

Within these 5 candles, one of them has to close in the top 25 % of its range ?

And one of these 5 candles has to have the lowest Low of them...
Attached File(s)
File Type: doc CandleAnalysis.doc   87 KB | 863 downloads
  • #13
  • Apr 6, 2012 4:54pm Apr 6, 2012 4:54pm
Ok, here is the TradeManager_EA.
Open for improvements.

Attention: The EA will never open a trade or place a pending order automatically.
You can attach it to the chart without worries.

Only if you click and drag the buttons ( Start EA , Place LONG, Place SHORT etc. )
the EA will act and do what the button is meant to do.

Sometimes some do not read the Attention part, therefore I post it again in blue color for convenience:

Attention: The EA will never open a trade or place a pending order automatically.
You can attach it to the chart without worries.

Only if you click and drag the buttons ( Start EA , Place LONG, Place SHORT etc. )
the EA will act and do what the button is meant to do.



Hint: You can use it whenever you want to place a pending or market order.
It is a visual order EA.
You drag and drop the lines ( Entry, TP and SL lines )
and the EA will modify or place the orders for you.

Special feature:
I coded it for usage in strategy tester. This is a gem I think.
You can just trade the historical charts with it as if you would
trading live ( restriction: you cannot change RiskPercent or your selected lot-size , maybe I will allow that in a later version )

Usage for the Buy sell line trading method:
Set Use_SignalCandle = true .
It will watch if the order gets triggered on the bar next to the Signal Candle (if you placed the Pending order with it). If not, it will delete the pending order.

Some explanations ( please test in strategy tester and play with it ):

1. You decide to place a pending or market order with the help of the EA.
Attach it to the chart and select the features you want in the properties menu.
This will be on your chart after clicking OK.
http://i.imgur.com/7rHzI.jpg

2 buttons: Place LONG and Place SHORT
Why this ?
Because you need to tell the EA what to do.
Either you want go short or long.

Double click on one of buttons and drag it a bit.
A tiny move is enough.
Let go of the mouse button and the EA will act upon your command.

It will not place an order at this point, it will
only draw 3 lines on the chart which can be moved wherever you
want them ( Entry line , TP line and SL line )
It will use the last closed candle, thus the lines could be very close
together depending on the range of the last closed candle,
but you can then click and move all lines afterwards.
It will look like this:
http://i.imgur.com/JPrS7.jpg

When you move the lines, the distance in Pips will adapt automatically ( SL and TP line relative to the Entry )

And you will see the START EA button in the upper right corner.

As soon as you want the EA to place a pending order (you are satisfied with the position of the lines ), double-click the button and drag it a bit and let go.

The EA will place the pending order for you.

If you want a market order instead of a pending order,
just delete the Entry line.
The EA will then use the Bid or Ask (depending on Long or Short) as
entry level.

It will look like this after the EA placed the order:

http://i.imgur.com/yOB0d.jpg

You will see the tp and sl levels again with info how far away they are
from the entry-level.

And you will see the white line, which is the Breakeven level.
In V7 it shows the distance in Pips to the Open of the order.

If you prefer to close the pending or active order at any time,
for that you can use the CLOSE ORDER button.

You can again drag and drop the lines - including the Breakeven line.

If you know the visual order editor by luktom, my EA works exactly
like that one . In the first versions I used his code, now I coded the whole
visual order editing part myself. (V7)

The EA detects black and white chart background and adapts
automatically . This way you donīt have to change the colors each time
you attach it to your favorite charts.

If you find errors, please let me know (with screenshot and experts journal and description etc. )

There are many coders here who are able to create much better EAs.
They are welcome to share their EAs and I will be happy to use theirs
if they fit for my needs
If a coder is interested in helping to improve mine, please pm and I will send you the source code.

Disclaimer
This EA is not meant to be used on live accounts.
It is merely for experimental usage on demo-accounts and it is not a commercial product.
If you use it on a real money account, I take no responsibility
for probable losses caused by the EA.

Update: V7 uploaded in post # 1
Cleaned up code.
Bugs fixed.
  • #14
  • Apr 6, 2012 4:56pm Apr 6, 2012 4:56pm
Bedayan, I didnīt forget your request.
I am still testing and coding it.
Stay tuned.
  • #15
  • Apr 7, 2012 3:14am Apr 7, 2012 3:14am
Quoting fxtr51
Bedayan, I didnīt forget your request.
I am still testing and coding it.
Stay tuned.
Thanks for your answer.I have done some more analysis and find out it can happen anytime two signal is happening at the same time.For example bullish engulfing signal signal and also the above alternate signal.In that case how this both the signal will be incorporated in the dashboard?

I have attached a chart example where you can see bearish engulfing and the alternate both the signal happened at the same time.
You need to check how the dashboard will show if both the signal happening together.
This can happen with inside bar also.Hope I am able to make you understand the situation.

Regards,
Bedayan.
Attached File(s)
File Type: doc Please check above example.doc   40 KB | 823 downloads
  • #16
  • Apr 7, 2012 7:32am Apr 7, 2012 7:32am
Quoting bedayan
Thanks for your answer.I have done some more analysis and find out it can happen anytime two signal is happening at the same time.For example bullish engulfing signal signal and also the above alternate signal.In that case how this both the signal will be incorporated in the dashboard?

I have attached a chart example where you can see bearish engulfing and the alternate both the signal happened at the same time.
You need to check how the dashboard will show if both the signal happening together.
This can happen with inside bar also.Hope I am able...
Ok, now I had some time.
The latest version of the dashboard is on post #1 .

You can choose to display the description for the 3 arrow symbols.

I am aware that 1 signal could be from 2 strategies.

In order to keep it simple, I donīt provide a special notice about it.
The whole purpose of the dashboard is to alert the trader when a signal
happens.

In order to evaluate the signal, the trader must open the correct chart
and then he will see what kind of signal it is.

I will implement all 3 strategies in 1 indicator too and there we have the same possibility of 2 signal types in 1 bar.
I donīt know yet what I will do in that case. Will have to think about it.

If you have an idea, please let me know.
  • #17
  • Edited 10:39am Apr 7, 2012 9:36am | Edited 10:39am
Quoting fxtr51
Ok, now I had some time.
The latest version of the dashboard is on post #1 .

You can choose to display the description for the 3 arrow symbols.

I am aware that 1 signal could be from 2 strategies.

In order to keep it simple, I donīt provide a special notice about it.
The whole purpose of the dashboard is to alert the trader when a signal
happens.

In order to evaluate the signal, the trader must open the correct chart
and then he will see what kind of signal it is.

I will implement all 3 strategies in 1 indicator too and there we have the...
Hi,

Thanks for your all your effort and time .

Yes if we have a indicator including all this three strategy that wil help us to do the back testing easily.

I have following question now regarding this.

1. Can you please let me know what is the purpose of 60MM supporting indicator in the .zip file? In this indicator we can change moving average value.what is the purpose?

2.60 mm dashboard version 2.1 I can see there is setting for moving average value.If we change the moving average value for example 50 to 200 will the dashboard will give the signal based on the moving average value?

Regards,
Bedayan.
  • #18
  • Apr 7, 2012 1:44pm Apr 7, 2012 1:44pm
Quote
1. Can you please let me know what is the purpose of 60MM supporting indicator in the .zip file? In this indicator we can change moving average value.what is the purpose?
To make it short:
Donīt touch that indicator.

A bit longer:
The dashboard is calling that supporting indicator and is sorting the numbers it finds in the buffer which represent different signals.
Since we might need up to 9 timeframes of each pair checked,
this was a convenient way for me to organize it.

Quote
2.60 mm dashboard version 2.1 I can see there is setting for moving average value.If we change the moving average value for example 50 to 200 will the dashboard will give the signal based on the moving average value?
Yes, you can choose the buy-sell-line by it.
Some might prefer the 200 SMA, some the 20 or others, default is SMA 50.
  • #19
  • Apr 8, 2012 9:52pm Apr 8, 2012 9:52pm
Hi
It is very promising indicator and i am using a similar one called ZMFX trend with a difference up course. This one looks very good.

In the zip file, only two files which are ex4 and i am sure they are indicators. there is no template to instructions as explained in Post#1.
can you please upload the template?

Regards
Velli
  • #20
  • Apr 9, 2012 2:35am Apr 9, 2012 2:35am
Quoting fxtr51
Ok, now I had some time.
The latest version of the dashboard is on post #1 .

You can choose to display the description for the 3 arrow symbols.

I am aware that 1 signal could be from 2 strategies.

In order to keep it simple, I donīt provide a special notice about it.
The whole purpose of the dashboard is to alert the trader when a signal
happens.

In order to evaluate the signal, the trader must open the correct chart
and then he will see what kind of signal it is.

I will implement all 3 strategies in 1 indicator too and there...
Hi Fxtr51,

I believe when two signals clashes I think it better give priority to alternate signal than bulish engalfing or inside bar signal.Because if you give priority to alternate signal with that when we open chart and find out its bullish engalfing pattern then it will make the signal that much stronger.

Is that possible to make that changes in the dashboard indicator?

Following changes needs to be done:

1. If alternate signal and bullish engalfing pattern happens together then give priority to alternate signal and dash barod should show alternate signal.

2. If alternate signal and inside bar signal happens together then give priority to alternate signal and dashboard should show only show alternate signal.

Regards,
Bedayan.
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