123 Pattern EA | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Please add sound alert on this 123 pattern indicator 17 replies

What's wrong with 123 Pattern 25 replies

123 RH Pattern 5 replies

Opinion on 123 pattern 3 replies

A classic 123 pattern indicator needs some modification 0 replies

Attachments: 123 Pattern EA
Exit Attachments

123 Pattern EA

  • #261
  • Dec 26, 2010 9:05pm Dec 26, 2010 9:05pm
I get this error message in the experts tab....

FFCal cannot delete file Crogram FilesInstaTrader Opto123v.1.42files12/27/2010-USDJPY1440-FFCCal.xml

Quoting xux99
Opto123 v1.42 has minor improvements in trading logic.
  • #262
  • Jan 11, 2011 11:33am Jan 11, 2011 11:33am
Newcomer testing opto132 v1.42 on 4H charts - have got my mind round 123 trading and now using demo account for ea and live account to manually trade.

Many thanks for manuals and installation software. Will be back and have some questions once I have some experience under my belt.
  • #263
  • Jan 17, 2011 12:24pm Jan 17, 2011 12:24pm
Well certainly chose a good week to test Opto123 v1.42 on 4H timeframe with the EUR moves. Watched trades on demo account and cherry picked on live account - demo account achieved a 50% return but must remember it was a very special week with some unexpected long term reversals. Only took trades on my live account where my manual trading rules were confirmed.

Learnt alot, especially from looking at the losing trades on some of the less traded pairs. Now updating my probability analysis to fine tune the minimum and maximum settings for the 4H charts.

I think I should examine the 1H data on the basis of dropping down one TF to quantify movements - would you agree? Has anyone any data setup for this anaylsis?
  • #264
  • Edited 1:38pm Jan 19, 2011 1:06pm | Edited 1:38pm
i have been trying unsuccessfully to program this strategy for scalping on smaller TFs. i am glad to have come across this thread. thanks for the hard work. i like the idea because it is very basic and the losing trades can be reduced by adding filters.
  • #265
  • Jan 20, 2011 4:53pm Jan 20, 2011 4:53pm
Quoting rocket4x
i have been trying unsuccessfully to program this strategy for scalping on smaller TFs. i am glad to have come across this thread. thanks for the hard work. i like the idea because it is very basic and the losing trades can be reduced by adding filters.
thanks again. i've just went through the code and everything is organized and logical. my coding skills degraded over time and i need to practice again.
  • #266
  • Edited Mar 1, 2011 1:42am Feb 28, 2011 3:30am | Edited Mar 1, 2011 1:42am
One of the reasons I love this EA is because of it's ability to really make great profit if you allow it to open multiple trades. I've left this EA because it's become clear that the zig zag pattern has become unreliable for consistent profits.

When the price is pushing firmly it will go through the zig zag and profit but when the price is running out of steam it'll then go the other way and usually hit the stop.

I've used larger ext depth settings to try and catch a larger zig zag shape like 18-1-1 on 30mins and 12-1-1 on 1HR. A lot of the times it really helps. I honestly believe that a high/low or RSI filter (or both but I think RSI would really benefit the most) to control entry points is something worth considering as an addition to this excellent EA. Then it would be more reliable using smaller zig zags like 12-1-1 on 15 minute charts so it'll trade most days. I think I might have a point but if any one has something to add that would be great.
Tom

P.S Yes I think an R.S.I filter with adjustable periods, shifts, RSI up and down values would work great.
  • #267
  • Mar 10, 2011 11:46pm Mar 10, 2011 11:46pm
so this 123 ea is no longer used or working?
  • #268
  • Sep 19, 2011 6:30am Sep 19, 2011 6:30am
Quoting optojay
Please note this EA's basic logic has been stolen and sold without permission using the name USDBOT.

I advise that you obtain a refund immediately from Clickbank if you purchased USDBOT. The original EA has been and always will be freely available here.
________________________________________________

Original Post:
Welcome! I have seen numerous threads here regarding the classic “123” or “ABC” setup. Well, I would like to introduce you to an EA that actually follows the 123 setup with good accuracy....


Very nice.

Thanks,

Can you let me know when we can enter before the breakout of 2.
Is there any indicator pair which can help us to entry early in this pattern
Because at time we can see that same pattern in bigger time frame quite visible but due to non proper strategy, we are unable to trade it successfully & got stopped even being right most of the time.

If any body has anything, lets help each other.

thanks
  • #269
  • Edited 3:54pm Nov 5, 2011 3:01pm | Edited 3:54pm
Opto123 v1.5 has an option to use default ZigZag, MA based ZigZag or internally calculated ZigZag for 123 pattern.
Attached File(s)
File Type: rar Opto123 v1.5.rar   21 KB | 3,868 downloads
File Type: pdf Opto123 v1.5 user guide.pdf   612 KB | 6,039 downloads
  • #270
  • Nov 6, 2011 1:06am Nov 6, 2011 1:06am
Nice one!
  • #271
  • Edited 2:15pm Dec 3, 2011 6:03am | Edited 2:15pm
When it comes to the truth I suppose I've given up on this EA quite a while ago. It works great in certain market conditions but then it usually leads to disappointment.

With all the different available settings I suppose there is a possibility of achieving some good settings but it takes time and and hours of testing and then even that usually leads to disappointment. At the end of the day a typical EA of this sort will put you behind once a few stops are hit and you'll probably experience a up/down/up/down type of growth pattern... you might as well sell potatoes or mangoes at your local market.

Personally I'd use a wide zig zag like 12 or 18 on 1 hr TF during afternoon news time (using one or two of the majors) set it to max open trades, no stop loss and let it rip.

Probably not worth the effort for most. That's Forex reality
  • #272
  • Dec 6, 2011 7:38pm Dec 6, 2011 7:38pm
I think "trading session" didn't work, I try to change 00001200 didn'work.
I want to set from 22.00-02.00, so I set it to
TradingSessions1 = 00000100 and
TradingSessions2 = 22002400 didn't too

Somebody help me please...
  • #273
  • Jul 12, 2013 9:51am Jul 12, 2013 9:51am
hi I am from Germany and the EA have found with you and find the class. until now I have always worked with the 1.1 version. can one tell a couple of times settings for version 1.5 me. it should run on a M15 AUD / USD. I see there not yet really.

Thank you
  • #274
  • Nov 18, 2014 6:55pm Nov 18, 2014 6:55pm
I know this thread hasn't been posted to for a while but I have been testing out the 123 pattern and getting some good test results.

The latest version of opto123 is ver 1.5 and with all the changes to mt4 this wouldn't compile but xux99 has been a great help and pointed me in the right direction. The compiled version for the latest MT4 is here for those that want to test it.
Attached File(s)
File Type: ex4 Opto123 v1.5.ex4   114 KB | 1,354 downloads
  • #275
  • Dec 12, 2014 8:53am Dec 12, 2014 8:53am
Quoting Dalek
I know this thread hasn't been posted to for a while but I have been testing out the 123 pattern and getting some good test results. The latest version of opto123 is ver 1.5 and with all the changes to mt4 this wouldn't compile but xux99 has been a great help and pointed me in the right direction. The compiled version for the latest MT4 is here for those that want to test it. {file}
would be amasing if you could describe the functions of this ea
  • #276
  • Dec 12, 2014 3:39pm Dec 12, 2014 3:39pm
Quoting Saintsurfer
{quote} would be amasing if you could describe the functions of this ea
Just go to post 269 of this thread and you will find the user guide in pdf format that you can download. This describes all the settings.
  • #277
  • Dec 13, 2014 5:01am Dec 13, 2014 5:01am
@Dalek:
Do you have the compied versions of the two indis as well ? The two ones in the folder in post 269 dont work, they are to old for the newer MT4 build versions 6xx/7xx ...
  • #278
  • Dec 14, 2014 12:23am Dec 14, 2014 12:23am
Quoting DerBerliner
@Dalek: Do you have the compiled versions of the two indis as well ? The two ones in the folder in post 269 dont work, they are to old for the newer MT4 build versions 6xx/7xx ...
I have attached a compiled version of the MA based ZigZag. The FFCal was superseded due to FF date format changes, I suggest that you go to this thread and maybe download the latest version from there:- http://www.forexfactory.com/showthread.php?t=250544

Cheers
Attached File(s)
File Type: ex4 MA based ZigZag.ex4   4 KB | 1,150 downloads
  • #279
  • Edited 5:24am Dec 14, 2014 5:14am | Edited 5:24am
Ok thx buddy !

So plz add your setfile you used getting good results ... this EA has a lot of params, it would be good to have at first a look what's reasonable to put in.

And another request: could you plz add the compiled ex-file FFcal-file you have in your MT4 platform ? That would be easier, in that hanover thread couldn't find any fresh, actual file for this indi.
  • #280
  • Dec 14, 2014 3:04pm Dec 14, 2014 3:04pm
Quoting DerBerliner
And another request: could you plz add the compiled ex-file FFcal-file you have in your MT4 platform ? That would be easier, in that hanover thread couldn't find any fresh, actual file for this indi.
The FFcal indicator was written by Derk Wehler, not me, and you'll find it in this thread.
0 traders viewing now