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M&W Pattern Indicator

  • #121
  • May 31, 2015 3:40am May 31, 2015 3:40am
Quoting hannele
{quote} It is barrows swing indicator, bit like a-b-c indy. I'll see if I got one and email it to you. Keep up the good work :-) cheers hannele
Here you go: http://www.forexfactory.com/showthread.php?t=109157
  • #122
  • May 31, 2015 3:50am May 31, 2015 3:50am
Quoting PipsFestival
By luck, next week we will enjoy the beta version 2.0 New features: Adding failed past patterns The posibility to display all patterns or only those from current chart (thank you evasz) Adding Center point (thank you theforexedge) Adding patterns detection for weekly and monthly chart (thank you evasz) Trick & tweak to get better pattern detection (thank you dingdong) Adding my personal Currency Strength Analyser (You will see the piece of art) Adding mini News Calendar (not sure) Adding Dashboard (thank you Billyon) (if I have time) Beta testers,...

Hi, what is the basis for calculating the shape pattern valid, or not ..?
Trick, and Tweak ..... Use convergent divergent?
This is the strategy set and forget
you could consider psychological level, trend ..
This will be more comfortable without the Dashboard and analyzing the chart ...

Dashboard made to facilitate the monitoring of many pair, multipair ..
This is also a good idea ...
Regard, Ding Dong
  • #123
  • May 31, 2015 4:31am May 31, 2015 4:31am
Quoting theforexedge
{quote} Here you go: http://www.forexfactory.com/showthread.php?t=109157
Thx guys, I also learn new stuff here : )
  • #124
  • May 31, 2015 4:40am May 31, 2015 4:40am
Quoting dingdong99
{quote} Hi, what is the basis for calculating the shape pattern valid, or not ..? Trick, and Tweak ..... Use convergent divergent? This is the strategy set and forget you could consider psychological level, trend .. This will be more comfortable without the Dashboard and analyzing the chart ... Dashboard made to facilitate the monitoring of many pair, multipair .. This is also a good idea ...
"what is the basis for calculating the shape pattern valid, or not ..?" Anything that look like a weird M or W with double bottom/top
" Trick, and Tweak ..... Use convergent divergent" I have studied your idea to use line chart.. I discovered it could help to detect some more patterns:
Attached Image (click to enlarge)
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"This is the strategy set and forget" => yes
"you could consider psychological level, trend" => psycho level is great. Trend must be used to filter lowest tf patterns
  • #125
  • May 31, 2015 10:47am May 31, 2015 10:47am
hi!
add number of bars to external settings. I slow down operation of the computer

extern int BarsCount = 3000;
  • #126
  • May 31, 2015 11:31am May 31, 2015 11:31am
Quoting poruchik
hi! add number of bars to external settings. I slow down operation of the computer extern int BarsCount = 3000;
I got your point.
  • #127
  • May 31, 2015 2:00pm May 31, 2015 2:00pm
The market will open soon and you guys must be ready to grab pips. So like a champion, let's train a bit with one little example before the real game starts:
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  • #128
  • May 31, 2015 4:55pm May 31, 2015 4:55pm
Hi PipsFestival et al

here is a pic of NZDJPY in 5min timeframe (just for testing purposes). Red arrows shows good consistency for such a small time frame. Im back to 4hrs testing
cheers
hannele
Attached Image (click to enlarge)
Click to Enlarge Name: for CrazyTrader 5min NZDJPY.PNG Size: 149 KB
  • #129
  • Jun 1, 2015 3:49am Jun 1, 2015 3:49am
Quoting hannele
Hi PipsFestival et al here is a pic of NZDJPY in 5min timeframe (just for testing purposes). Red arrows shows good consistency for such a small time frame. Im back to 4hrs testing cheers hannele {image}
Thx, I totally forgot it was possible to get signals below 30min!... Quite interesting for scalpers!
  • #130
  • Jun 1, 2015 3:54am Jun 1, 2015 3:54am
Quoting PipsFestival
I really had to post this: {image} I will be looking for pullback next week on CP (Center Point) {image}
We received a new signal (M M30) on Daily M's Center Point as we did expect a pullback on there last friday.... So I'm Long @ 0.7150, SL 51pips.
  • #131
  • Edited 7:36am Jun 1, 2015 6:40am | Edited 7:36am
While you guys are sleeping, let me introduce you the famous "Tetris" Pattern:
Attached Image (click to enlarge)
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Past example:
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Right now:
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  • #132
  • Jun 1, 2015 6:50am Jun 1, 2015 6:50am
Is it the same as M and W pattern combined?
  • #133
  • Edited 7:51am Jun 1, 2015 7:38am | Edited 7:51am
Quoting TChan
Is it the same as M and W pattern combined?
Yes, pattern combo (... 2 in a row), they stick each other. They create a range area... any breakout would be an opportunity to join.
  • #134
  • Jun 1, 2015 8:41am Jun 1, 2015 8:41am
Nice indicator
  • #135
  • Jun 1, 2015 9:13am Jun 1, 2015 9:13am
I see~, what is the take profit of this long EURGBP trade? And will you reverse the trade at 1.985 level（because of W)?
  • #136
  • Jun 1, 2015 9:39am Jun 1, 2015 9:39am
Quoting ashish007
Nice indicator
Have fun... thx
  • #137
  • Jun 1, 2015 9:46am Jun 1, 2015 9:46am
Quoting TChan
I see~, what is the take profit of this long EURGBP trade?
Refer to post 1 to set up hypothetical tp. However, I put it around the right shoulder on 0.7400 area.

Quoting TChan
And will you reverse the trade at 1.985 level（because of W)?
I do not reverse a trade by a lower signal.... as a higher signal is supposed to be stronger.... A signal on D1 is stronger than opposite signal on H1.
So you can take it, and be in hedge situation. I only reverse if the tf signal is ">=". Sometimes you will reverse and you will be happy... sometimes you will regret
  • #138
  • Jun 2, 2015 6:15am Jun 2, 2015 6:15am
This is official... I'm Commercial

Should I release version 2.0 ?

Whose Long on EURGBP?
Attached Image (click to enlarge)
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  • #139
  • Jun 2, 2015 7:53am Jun 2, 2015 7:53am
Quoting PipsFestival
Hi all, I have developped this indicator based on old fashioned Patterns called M & W. I don't mind to share this indicator to few traders who would be interested in testing it with me on this thread so we can talk about improvements, any ideas to set up good filters, or any suggestions... About the Indi: It will send Alert (Pop up)... and it will display the signal on chart. It also displays past signals Red rectangle means a W Pattern is about to occur on chart for a specific tf, and it suggests to be prepared to Short. Green rectangle means a...
100 € this shirt ????????
  • #140
  • Edited 8:24am Jun 2, 2015 8:00am | Edited 8:24am
Quoting chaveznqoos
{quote} 100 this shirt ????????
Actually it's free.... bye the way, I dare you to code any winning system!

One trade is enough to afford it: Long EURGBP

Called last friday... took trade on monday... well I'm sorry, I missed the bottom of the chart by 5 pips!

Ps: I hope you don't use it.
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