As I've already explained, it is very likely that you won't have the same channels, depending on your broker.
You simply have to use one of the 2 indicators, open a chart where you see a channel and the price is still in the channel and then you open a trade (long or short) when a candlestick closes in the buy or sell areas.
If you use the HDR indicator from Ralome, you will have to extend the last channel up to the right side of the chart, because his channels have a fixed width. If you're using my indicator, if you refresh the chart then the channel will extend up to the right of the chart.
So, depending on your broker, you'll miss some of my signals, and on my side I'll miss some of your signals, but there will be far enough opportunities for each of us.
I'm updating my indicator so that it will draw the channel depending on a vertical line on the chart. So you'll have to add a vertical line on the chart, name it "HDR" and then the indicator will draw the last channel occuring before that line. So you'll be able to see the previous channels when you move that line in the past and when you are in a trade, you can avoid the new channels to be displayed and stay with the channel you're trading. I'll post it when it is ready.
I confirm there is no signal here. For a signal to be valid, it needs to emerge from the channel, and not to come back to it. Here the only bar closing in the buy or sell area occures when the price broke out of the channel sometime back and returns back to it. This is evident that this is not a breakout.
And as I've specified earlier in this thread, we take into account only the channels which have not already triggered a trade that closed in profit. For example here, there was already a breakout of the channel which reached its first profit target. So there is no reason to look for a breakout out of this same channel again.
A precision about this. If there is breakout where the candlestick closes further than the buy or sell area, we've learnt that we don't want to buy or sell such a breakout, because the price perhaps went too far already. However, if you take the distance from the close of that candlestick to the level of the opposite side of the inner channel (the dark gray channel), and then you mirror that distance to define the level of the first profit target and the reaches that level, then we don't want to trade any other signal emerging from that channel.
Can you now tell me which is the indicator for this system?
HDChannel.mq4 or HDR.mq4.
Also can you kindly post your charts showing signals when you get a signal so that we can see how it is aligned to our charts..
HDChannel would be nice to show the previous signals rather than last one, Can you do that?
Would be useful , much appreciated
Ignored
The answers to your first and thrid questions are in the post #102.
The answer to your second question is yes, I'll attach a chart with my signal when I post them, but don't be surprised if they do not occure on your chart, because they depend on your broker.
Jako2, please post a .CSV file with your EURNZD M15 data and I'll check it for you. (In case you didn't know: Open the chart, File menu/Save As, and choose ASCII Text (*.csv) format.)
Attached Image (click to enlarge)
Even if you fall on your face, you're still moving forward.
Jako2, please post a .CSV file with your EURNZD M15 data and I'll check it for you. (In case you didn't know: Open the chart, File menu/Save As, and choose ASCII Text (*.csv) format.)
Ignored
I'm sorry. Both indicators are bad. It does not make sense.
I'm sorry. Both indicators are bad. It does not make sense.
Ignored
There's nothing wrong with my indicator. It does exactly what the rules say. If you can code, disprove it if you can. Otherwise, post the .CSV file please.
Even if you fall on your face, you're still moving forward.
