SAR system based on QQE Adv and MACD Platinum

Trade update:

EUR/JPY well and truly hit the break even point for its current sequence so it closes out and a new one begins. Long 1x at 122.85.

No other changes at this time. Cheers. Jim

Trade update:

At last CHF has hit the break even target which closes that ugly sequence out at break even overall. I am now finishing up with this pair as no real need for it when I am tracking the EUR also.

I am also closing out completely the AUD/USD as it doesn't really appeal to me as a pair that I would use for this method on the 4hr charts. Current price is 1.0434 so I'll call that a profit of +18 on the current long.

I am also closing out completely the GBP/USD as it can be a little too volatile at times for me. I find any GBP pair difficult to trade at the best of times even though they can give me some spectacular results every now and then, it is just getting there sometimes that can be frustrating. Current price is 1.5768, so there was a profit of +41 on previous long.

EUR has hit the break even price exactly, but I'll see if it breaks through before I call it as such. Nothing else has changed.

So down to three pairs only now, the EUR, EUR/JPY and EUR/AUD. Remember this thread is just to give you all a different way of trading. It is only a simple and purely mechanical method that could easily be converted into an EA, and obviously there is certainly room for improvement. Make it your own if you wish to take it further. I encourage it. Cheers. Jim

Start Date : Jan 10th 2013 on 6x pairs / Jan 30th 2013 on 3x pairs
Closed results to date : +2318 pips

Trade update:

Didn't have to wait long for the EUR to hit the break even target at 1.3543, which closes out that sequence at an overall break even. A new sequence begins with 1x long at this same price of 1.3543. Cheers. Jim

Trade update:

Nothing is happening as all three pairs still currently long and it is like watching grass grow.

I think I may take this system to the next level and get my Programmer involved so she can build an EA using this same concept. I have been doing a bit of manual backtesting with some pretty good results. I think I have mentioned this previously, so this maybe a bit of a recap. Looking at the 15 min charts and only trading during certain times ie from London open to US lunchtime, where the EA would only take trades during this time, and from the first new signal generated. I was also considering building in some kind of profit target eg 20 pips based on initial position size, so the EA would just close all trades for that session when the target is hit. If it is not hit, then I may consider either closing out the trades at a certain time or let the current sequence run its course. Plenty of options here and there is no reason you couldn't manually take over the trades if you were at your workstation.

I'll continue to monitor the three pairs on the 4hr charts for now, and if I do get an EA up and running, I'll let you know and hook it up to a MyFXbook demo account to see how it performs. I would be looking at trading several pairs at once, and by containing it to the session times, account wipeout should be averted, especially on the 15m timeframe. 5m may be a different story though. This EA will also have the potential to work on any timeframe and also be able to trade anytime the market is open. Cheers. Jim

Trade update:

EUR/AUD is now short 1x at 1.3019, therefore there was a profit of +139. New sequence begins.

No other changes for now. Cheers. Jim

Start Date : Jan 10th 2013 on 6x pairs / Jan 30th 2013 on 3x pairs
Closed results to date : +2457 pips

Jim, the 15min backtest: is this based on straight trades or is it using the fibo margintale strategy you mentioned earlier?

irampagemc,

I was planning on using the fibo martingale strategy on the 15 min trades as the EA could be developed around this. If I was at the charts and watching them for the entire session, then I could just trade as normal. The plan is though, I don't want to be watching the charts unless I choose to. Hope that makes sense. Cheers. Jim

Trade update:

EUR/AUD is now long 1x at 1.3156. There was a loss of -137 on the previous short. As this is the 2nd trade in the sequence, there is now a break even target of 1.3293. I can't see this break even target being hit as I think it will reverse before then. Just my opinion.

Nil other changes to the other pairs at this time, but the EUR maybe close to reversing as it has been in a longish up trend on the 4hr chart and there is some divergence, especially comparing MACD Platinum to price. Time will tell.

Enjoy the weekend all. Cheers. Jim

Okay time to build an EA based on this method. I have communicated with my Programmer and she is happy for me to show the whole process here on this thread. It should give others an idea of how I go about having an EA built by a professional programmer, if you were looking to do something similar. I use Christina from Wise-EA, and have used her for sometime now as I am always happy with her builds and communication. Even though she lives in Canada and me in Australia, it is never a problem. And I only found out yesterday that she is actually a member of Forex Factory with the username of minmin830.

When I first wanted to build an EA based on a couple of simple technical indicators, I thought I'd go to oDesk and look for a programmer there. My wife uses oDesk a lot for admin stuff etc and has always had great results from the contractors hired. I did have a couple of guys that had pretty good looking CVs that I thought would handle the EA job easily. Man was I wrong. Both struggled and neither could come up with a working EA within a few weeks. With me having zero programming skills, I thought it may have been a difficult EA to build and that I was asking for way too much. But I thought why not just hire a professional programmer straight out and see what they could do. Just did a Google search and came across Wise-EA. Then after a few quick email exchanges, Christina had my first EA built within 24hrs after giving her the go ahead, and it was spot on. The price was good, the communication excellent as there are video demonstrations provided with the finished product. This will be EA number 6 with her, so obviously I am happy with her skills and continue to use her services. Highly recommended!

So here's the process. Obviously I want to give as much information to Christina as possible. This is pretty easy for this one as I have already explained it in full in this thread and also provided a couple of YouTube videos and a screenshot. So I can refer to a lot of things already on the public domain. I would do all of this for any EA where I would provide detailed instructions on how the system operates and also provide at least one video. You also have to try and cover as many scenarios as possible, you know, all the what ifs...

The Programmer can have a look at the overview you provide and pretty well give you an answer straight away if they can build an EA based on your instructions. Keep in mind they are not going to tell you if it is a stupid idea or not, just if it is doable. I am lucky as Christina is a trader also, so I can bounce ideas of her and she picks up a lot of things that I may have missed. If the idea can be converted into an EA and then I agree to proceed, then a few finer points will be discussed and a price decided. Then the build begins and a first EA is provided with instructions. I get to check this EA out, both on forward and back testing modes where I check it for any glitches. I am looking to ensure it does what it is supposed to do and when it is supposed to do, not that it makes a profit. If it doesn't make a profit, then that is my problem as I am the one that came up with the dumb trading idea, not Christina's problem as she only coded my dumb idea. If there are modifications or tweaks required, then these will normally be done pretty quickly, where I would end up with a fully functional EA.

If later down the track, I come up with some other idea on how this particular could be modified or improved, then I would go back to Christina with my ideas and go through the same process again. Obviously there would be further cost for this, depending on how much work is involved, but that cost would normally be much cheaper than the original build.

So here is a copy of my first email I sent to Christina a couple of days ago. I will delete any private stuff from these emails as it isn't relevant to the build process.

Hey Christina,

I have another idea for an EA. Not too different from what I have already done when it comes to indicators and some maths, but there is a subtle difference. I would like you to have a look at a description I have already posted about it in the Forex Factory Forums under my username 'buff'. If you could go to this link http://www.forexfactory.com/showthread.php?t=404164 and read Post #1. The indicators I would like to use, you may already have, but if not they can be downloaded from Post #2. I have also attached them in case you can't access them.

There is also a link to a video on Post #7 which can also be found here at

Inserted Video

Just for your info, one of the other guys on the forum posted a custom indicator that places arrows on the chart using these two indicators, which just makes it a bit easier to spot and have used it in the videos. This can be found in Post #15.

There is also a link to a 2nd video on Page 2 Post #27 which can also be found at

Inserted Video

There is a screenshot on Page 4 Post #56 which may also help you understand a little better.

Also Posts #58 & #59 cover an important question re the sequence of trades, which you may also be wondering. I think I covered it by stating that I would continue on with the fib sequence and trade the position size whatever was next on the list even though that particular trade closed in profit.

All this information to date was testing on the 4hr charts. I then started discussing other options if you go to Page 5 Post #72 2nd paragraph and also Post #74 2nd paragraph. This is followed up by some further comments along the same lines on Page 6 Post #84.

I think you would have a pretty good idea of how the system works by now Christina. Basically I am in the market at all times. I was considering using some other indicators, but I can't really see the point as I want to keep it pretty simple and these two indicators complement themselves pretty well.

Just a couple of features I would like the EA to provide if possible. First up trading times, where I could elect exactly what times as per the platform's time zone I could trade. The first trade would have to be taken on the first new signal on or after the nominated start time. Not jump into a trade based on a previous signal that was generated before the nominated start time. The basic conclusion to this would be the completion of the sequence, whether it be at break even or for a profit, after the last signal generated before the nominated finish time.

This is where it may get a little tricky. Would it be possible have a feature in the EA where I can set a profit target (either true/false). For example if I was trading the 15 min chart during the London session only and I wanted a min of 20 pips. This 20 pips would be based on the base lot only. So if the base lot was 0.1 lot at $1/pip, then I would be after 20 pips at $20.
The first signal is given, the trade is entered and runs 20 pips, then that sequence closes and that is the trading completed on that pair for that session. No more trades until the following day (session).
But if the 1st trade didn't run the 20 pips required and there was a reversal, then the EA would continue the sequence of trades as already described, and if at any time before the finish time, it does make 20 pips, then that sequence is completed and no further trades will take place until the next day.
Now this is where it may get tricky and looking for ideas here. If I go with the 2nd example but it does not make the required 20 pips at all during the nominated trading times, then what would be my options?
1. does the sequence just close all trades at the nominated finish time and more than likely finish with a loss (not the end of the world), or
2. do I let that sequence run its course past the nominated finish time and close all trading on the next signal generated, or
3. just let the sequence of trades continue until the 20 pips profit is achieved. This may even go into the next trading session.

I am thinking either no.1 or no.2 as the 3rd option could get me in trouble in a flat market. The idea of trading within a volatile time frame and limiting the number of trades will ensure I don't blow an account by building up a huge position size. Possibly a choice of either no.1 or no.2 built into the EA?? Open to suggestions here.

The only other point would be nominating a base lot size to start all sequences, then let the EA do the maths after that. Just like on FRED or JAGfx. The profit target would be based on this base lot size also.

I think that's about it for now Christina. You'll probably have a thousand questions, but that's good as always as there is always something I did not think about. Thanks.

Jim

And to continue on with the EA development, here is a copy of the email I received back from Christina. She normally just replies to my emails with comments under certain areas for things she would like clarified, so I just put her comments in bold.

Hi, Jim,


I thought this would be something really complicated here to begin with as you predicted I will be having thousands of questions, but surprisingly I do not. I have made some comments below, please take a look and let me know how you would like to proceed.


On Thu, Jan 31, 2013 at 1:21 PM, Jim wrote:

Hey Christina,

I have another idea for an EA. Not too different from what I have already done when it comes to indicators and some maths, but there is a subtle difference. I would like you to have a look at a description I have already posted about it in the Forex Factory Forums under my username 'buff'. If you could go to this link http://www.forexfactory.com/showthread.php?t=404164 and read Post #1. The indicators I would like to use, you may already have, but if not they can be downloaded from Post #2. I have also attached them in case you can't access them.

There is also a link to a video on Post #7 which can also be found here at

Inserted Video

Just for your info, one of the other guys on the forum posted a custom indicator that places arrows on the chart using these two indicators, which just makes it a bit easier to spot and have used it in the videos. This can be found in Post #15.

There is also a link to a 2nd video on Page 2 Post #27 which can also be found at

Inserted Video

There is a screenshot on Page 4 Post #56 which may also help you understand a little better.

Also Posts #58 & #59 cover an important question re the sequence of trades, which you may also be wondering. I think I covered it by stating that I would continue on with the fib sequence and trade the position size whatever was next on the list even though that particular trade closed in profit.


I think I have a pretty good idea about the principle of this system. I've coded a few variations of similar idea, not identical though. I thought I had one question but your post 59 then answers it.



All this information to date was testing on the 4hr charts. I then started discussing other options if you go to Page 5 Post #72 2nd paragraph and also Post #74 2nd paragraph. This is followed up by some further comments along the same lines on Page 6 Post #84.

I think you would have a pretty good idea of how the system works by now Christina. Basically I am in the market at all times. I was considering using some other indicators, but I can't really see the point as I want to keep it pretty simple and these two indicators complement themselves pretty well.

Just a couple of features I would like the EA to provide if possible. First up trading times, where I could elect exactly what times as per the platform's time zone I could trade. The first trade would have to be taken on the first new signal on or after the nominated start time. Not jump into a trade based on a previous signal that was generated before the nominated start time. The basic conclusion to this would be the completion of the sequence, whether it be at break even or for a profit, after the last signal generated before the nominated finish time.


This can be done.

This is where it may get a little tricky. Would it be possible have a feature in the EA where I can set a profit target (either true/false). For example if I was trading the 15 min chart during the London session only and I wanted a min of 20 pips. This 20 pips would be based on the base lot only. So if the base lot was 0.1 lot at $1/pip, then I would be after 20 pips at $20.
The first signal is given, the trade is entered and runs 20 pips, then that sequence closes and that is the trading completed on that pair for that session. No more trades until the following day (session).


Is each session a day? Or it's a certain period of a day? What if a session is over and a sequence is not reach it's target point (which in your system originally is break even, now it could be a user defined profit target)? I'm basically asking what kind of role the concept of session is playing here, as originally it should be one sequence after another.


Ok after I read on, you are thinking about the same thing below.


But if the 1st trade didn't run the 20 pips required and there was a reversal, then the EA would continue the sequence of trades as already described, and if at any time before the finish time, it does make 20 pips, then that sequence is completed and no further trades will take place until the next day.
Now this is where it may get tricky and looking for ideas here. If I go with the 2nd example but it does not make the required 20 pips at all during the nominated trading times, then what would be my options?
1. does the sequence just close all trades at the nominated finish time and more than likely finish with a loss (not the end of the world), or
2. do I let that sequence run its course past the nominated finish time and close all trading on the next signal generated, or
3. just let the sequence of trades continue until the 20 pips profit is achieved. This may even go into the next trading session.

I am thinking either no.1 or no.2 as the 3rd option could get me in trouble in a flat market. The idea of trading within a volatile time frame and limiting the number of trades will ensure I don't blow an account by building up a huge position size. Possibly a choice of either no.1 or no.2 built into the EA?? Open to suggestions here.


All 3 options can be programmed. At first glance, option 3 is actually one option that most fits the basic principle of this system, but I understand why you are thinking about option 1 and 2, if it's me, I first still need to understand why you want to use session in the first place. Could it be you only want to trade during those times that you think market is volatile enough? If this is the case, I'm leaning toward having the last trade run it's full course even past finish time but only until next signal. This is similar to your option 1, but instead of simply close at closing time, I probably let it run until next signal.

The only other point would be nominating a base lot size to start all sequences, then let the EA do the maths after that. Just like on FRED or JAGfx. The profit target would be based on this base lot size also.


This can be done.

I think that's about it for now Christina. You'll probably have a thousand questions, but that's good as always as there is always something I did not think about. Just a heads up also, I'll be adding our communications to the thread in the Forex Factory Forum, just to show the others the process of having an EA built using a Commercial Programmer. Let me know if you are not happy with this idea as it doesn't worry me one way or the other. Thanks.


Of course I don't mind. I haven't been participating those forums enough, I do have an user name for FF and posted certain things I thought was useful but surprisingly nobody was interested, http://www.forexfactory.com/showthread.php?t=365258 If you want me to reply there it's fine with me too.

And my email today back to Christina just trying to clarify a few things. I have also done up another YouTube video which I give a link to in my email. I have now asked for a few different options when it comes to trading times, profit targets and closing. Hopefully not too confusing for her. But the more options I get into the EA, the better it is for testing as I just have way more options to play with. I've even given the EA a name : FF SAR (Forex Factory Stop & Reverse)

Christina,

First up, thanks for your offer to build this EA.

Also feel free if you want to participate on the thread at Forex Factory, and I'd probably encourage it if there are some technical programming questions or enquiries related to your side of the business.

Okay lets get down to business. I did do up another video that shows the trading sessions. I consider the trading sessions idea just a way to ensure that there is a good chance of volatility which normally covers the major news releases. And from this video you can see it is a 10hr session each day that covers London open through to about lunch in the US. I would probably only use this for trading the smaller timeframes. The video can be found here at

Inserted Video

It probably asks more questions than it answers with regards to closing out the sequence if a profit target is set. As you saw in the video, there was one ugly sequence that would have been a pretty big loss if I closed it out on the first new signal after the session end time. Therefore I am thinking, would it be possible to have both as an option, or even three options:

1. Close out the sequence at the first new signal after the session end (as already discussed),
2. Close out the sequence when it reaches break even at any time after the session end, and
3. Close out the sequence when it hits the profit target at any time after the session end.

Now with options 2 & 3, these sequences may end up going into the next nominated trading session. If this was the case, then I would request that no new trades are taken until the current sequence closes out. If it did close out during a new session, then the next trading sequence can commence on the next new signal within that session, if there is one. Hope that makes sense.

Also I was thinking of the profit targets. I was hoping that this was not just limited to the times I nominated a trading session. For example if I was trading the 4hr charts over a continuous 24hr period for the 5 days, I would like to be able to set a profit target of say 100pts. Just looking for different options here.

One other thing I would like to clarify. If I did nominate a trading session and did not nominate a profit target, then the sequence of trades would just run their normal course through the session and close out completely on the first new signal after the session end. So it is possible that there may be several sequences of trades throughout a session, if for example, there were nice big moves on each new signal where each signal produced a profit on the reversal.

Probably a lot of requests for different options that may just muddle things up a bit, but I was thinking of inputs something along the lines of:

trading times : 00:00 to 23:59 (default)
Profit target : 0 (default)
Close Options : 0 (nil close) 1 (session end) 2 (b/e session end) 3 (target session end)

If for example I was on the 4hr charts on the default trading times and set a profit target of 100, then each time 100 pips profit is achieved, the sequence would be closed and the next sequence wouldn't begin until there was a new signal in the reverse direction.

Let me know what you think as I may just have confused you more now.

Name of this new EA, let's call it FF SAR. Thanks.

Jim

Hi, Jim,

First I would like to thank you for your support for the last couple of years. It has been a real pleasure to working with you and you have came across as someone who is very reasonable to work with, always take time to present your idea in a logic and clear fashion. What you are doing here in this forum also makes you one of the true unselfish contributors, which I admire.

Regarding the new EA you are trying to develop here, I have a few comments below.

A. I understand the idea of using sessions, however it's quite obvious this won't work well on any time frame that is higher than 1h. So I'm thinking it maybe beneficial to build the EA capable of running on both mode, with or without session limitation. This this can work with the original concept on higher time frame such as 4h and d1. Such as you have mentioned in your email. Is using or not using session be controlled by the closing settings? If choosing close options as 0, automatically means ignore sessions?

B. When using sessions, do you only want 1 session per day at this point? Any possibility of using multiple sessions per day?

C. Looking at the 4 closing options you have presented:

0. Ignore session settings.
1. Close out the sequence at the first new signal after the session end
2. Close out the sequence when it reaches break even at any time after the session end, and
3. Close out the sequence when it hits the profit target at any time after the session end.

They can all be added, you can also add the 4th option which you mentioned before, which is close all at session end regardless of profit or loss.

With option 2 and 3, there is always a chance the closing does not happen when next session starts. I'm not quite clear on what you want to do, there are a few ways.

1. If by next session starts, old sequence is not closed, keep old sequence running until closed. Current session will not open any orders even there is new signal after old sequence closed.

2. If by next session first signal appears, old sequence is not closed, keep old sequence running until closed. Current session will not open any orders even there is new signal after old sequence closed.

3. If by next session starts, old sequence is not closed, keep old sequence running until closed. Current session will start if there is new signal after old sequence closed.

Which is your preferred option here?

D. I want to clarify the principle logic here again. The original idea is first order of the sequence will not have any profit target, it will run until next opposite signal. If this order end up in profit, a new sequence starts. If this order end up at loss, next order in the same sequence opens, and from this point in all the new orders we open will only have one goal in mind, which is recover the previous loss and break even for the entire sequence.

Now adding the profit target in the mix. Are you saying if you have a profit target of x, when first order opens, it will have a take profit target, and it's possible the target will reach before next signal, if so sequence will be be closed immediately then start a new sequence with an order of the same time right after? Or you want to close current sequence immediately but wait for the next signal to open a new sequence? Or the decision of when next sequence has something to do with using session or not, if not using session, then start right way, but if use session, then wait for next signal?

And if this first order end up with a loss, then the goal of subsequent orders is to reach the profit target instead of break even only? What should EA do when you choose the following combinations?

Profit target=0, Close options=3;

Should EA consider this is an invalid combination? Or consider your profit target is actually is 0?

Overall this system is clear enough to develop, just need to get every details be absolutely clear.

Thanks.
Christina

Trade update:

EUR is now short 1x at 1.3641. There was a profit of +93 on the previous long. This is now the start of a new sequence.

EUR/AUD, as suspected, is now short 2x at 1.3105. There was a loss of -51 on the previous long. Add that to the loss before that of -137, gives me a total loss 0f -188, which means that this short has to move down 94 pips just to break even overall. Remember as this is the 3rd trade in the sequence, it is 2x position size. Break even target is 1.3011.

EUR/JPY also very close to reversing. It is still long 1x from 122.85. Maybe on the next 4hr candle which is actually 4hrs away now.

Cheers. Jim

Start Date : Jan 10th 2013 on 6x pairs / Jan 30th 2013 on 3x pairs
Closed results to date : +2550 pips

Hey Christina,

Thanks for the kind words. Much appreciated. Also, thanks for taking the time to participate in this thread with regards to building an EA. I'm the ideas guy, but you are the brains that put it all together.

I'll cover your points from your post now.

A. You are right about the session times. It is only really going to work on the 1hr charts and below. Having the EA run on both modes would be good. Even if you had an input called 'trading times', with 00:00 - 23:59 being the default times which would obviously mean it would be trading the full 24hrs. Then this might be a problem when I discuss point B. Not sure what you mean by 'closing settings'???

B. More than one session per day. Never really thought about it. I guess two sessions may have some benefit, but that would be about it. If it is easy for you to add, then cool, but if it is a hassle, then don't worry about it. I like your thinking though!

C. That 4th option would be good where close all at session end regardless, thanks.
And now to the next question in this point, if a sequence does not close prior to the next session, I would like to go with option no.3 where a new sequence can start within a new session as long as the previous sequence has closed.

D. Yes you are correct. The first trade in every sequence will not have a profit target, as this is the only trade that can make me any money. When the next signal is generated, this will determine whether the 1st trade was a profit or a loss. If it is a profit (or break even) then a new sequence begins on the next trade. If it is a loss, then the next trade is only there to recover the overall loss and closes at break even. If break even is achieved, then a new trade is made at that break even price in the same direction which is also the start of a new sequence. So only 1st trade in any sequence can make profit. All subsequent trades in a sequence are only taken to recover losses.

The above is the basic concept of the method that was originally posted by me at post #1. But I wanted to take it a little further by adding trading times and also profit targets, specifically for the smaller time frames. So if I was trading the 15m charts over a 10hr period as per my last video, and I had a profit target of 20 nominated, then my thoughts were that once the profit target was achieved, whether it be on the 1st trade or the last trade, then that session is completed and no more trades are opened until the next session. I was actually thinking about this in bed last night (always helps me sleep) and figured this would only work if I nominated trading times other than 24hrs. For example if I was trading the 4hr charts and nominated a profit target of 100 and that was achieved, when would the next sequence begin? A question you have asked. So here is my thoughts on what would be ideal. If there was a session trading time nominated, then once profit is achieved, then no new trades until the next session. This probably ties in with point C also. If there was no session trading time nominated (24hr trading), then once profit is achieved, no new trades until the next reversal signal. Hope that makes sense.

Now to your next point if a profit target is nominated and first trade is a loss, I would like the subsequent trades just to trade the method as originally stated. Go for break even and then start a new sequence to chase the profit. So basically nothing changes other than still looking to hit the profit target on any of the 1st trades in a sequence.
Then you discuss Profit target=0, Close option=3. I think it should consider that the profit target is 0, so it would close out the final sequence at break even.

I realise it is probably a little confusing when you throw in trading times and profit targets in the mix. I am mainly looking for these on the smaller timeframes though. If I was trading 4hr charts and higher, then I would be in a position to manually manage the trades anyway, or just let them run their natural course as per the original concept. Obviously the more options on the EA itself, the better it is for testing, but I don't want to make it too difficult for you to build. So if we can get the basics right first up, that would be great. Can always modify it later.

Thanks again Christina, and looking forward to seeing what you come up with. Jim

Trade update:

And as suspected the EUR/JPY has now gone short 1x at 126.16. There was a profit of +326 on the previous long. Nice one! Remember I deduct 5 pips just to cover spread/slippage etc. That sequence is now done, and this short is now the first trade in a new sequence.

Remember even though I call some of these trades after the fact, this is a forward test demo on Oanda 4hr charts using two custom indicators that I have already supplied earlier in this thread. These indicators don't repaint so every one can see exactly the same as I am. The plan is to build an EA based on this method. I was trading 6x pairs but it was too much work for me and didn't really add to the discussion, hence dropping it back down to three pairs which are pretty highly correlated at the moment. Could have been more thought put into this.

Start Date : Jan 10th 2013 on 6x pairs / Jan 30th 2013 on 3x pairs
Closed results to date : +2876 pips

Attached is the current screenshot of my three charts. Notice the two red dotted lines on the right one (E/AUD). The top one is my entry level and the bottom one is my break even level. If it hits that level, the current trade is closed and a new 1x short is taken at that exact same price and the sequence begins again. The red and green arrows on the chart just indicate the exact spot of each confirmed cross of the indicators where the trade is taken on the open of the following candle. Thanks Hanover for building that custom indicator for me. Makes it very easy to see the crosses. Cheers. Jim

No problem. I was looking for a simple indy combo capable of giving buy/sell signals as a possible reversal move was emerging, and wanted to see if this combo was any more reliable than merely using a standard MACD. Hence my motives in creating it weren't entirely unselfish.

Incidentally, the curve plotted by your MACD Platinum is the same as that plotted by Zero Lag MACD. The Platinum signals occur at the same time that the ZL MACD crosses its signal line.

I went ahead and added some other features to the indy (entry/SL lines, alerts, etc) primarily for my own use. However, I'll post them here in case they're useful to anybody who reads this. If you don't want the lines, set LineLength to 0.

Good luck with your EA.

David

Thanks David. The arrows on my charts just make it much easier for me to see the crosses especially as the cross on the QQE is not that easy to spot sometimes. Just makes life that little easier, just the way I like it. I'll also check out those other indys you have attached. You seem to know your stuff. Cheers. Jim

Trade update:

EUR/AUD has just hit the break even target on that short at 1.3011, so the sequence is closed at this price for an overall break even result with both previous losses now recovered. A new sequence now starts, so back to trade no.1 and short 1x at this same price of 1.3011.

No changes to the other two pairs at this time. Cheers. Jim.

In case anyone is finding that the indicator in post #97 runs too slowly, try the attached version.

RefreshPeriod: determines how frequently the indy re-plots. In the prior version, it was re-plotting the symbols on every new price tick. Leave this setting at "+0" in the attached version, and it will cause the indy to refresh immediately a new candle starts to form on the chart.

Failing this, please download the indy attached to post #15. Sorry for any inconvenience.

@buff: Jim, the above overrides my reply to your PM.