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Price Action Trading with Indicators! The Freebie System

  • #7,181
  • Edited 4:23pm Jan 7, 2016 4:06pm | Edited 4:23pm
[quote=xmess7;8677604]{quote} Other than the indicators mentioned on page 1 (I hope u read that) the EA uses additional indicators to detect the upper TF trend. When u click on the autoTUseAutoTrend input, u see a drop down list. Those are the only other indicators that are used. So no, the AMAopt Slope indicator is not used. Tell me how would u use the AMAopt Slope combined with the the 3sema? Would we use it to detect the upper trend or as part of the page 1 instructions (for detecting entry trades)? Let me know and I can add it so it can be tested. My EA settings appear on the posts where I updated the EAs and indicator. They are fairly simple. Since

Thanks Xmess for your answer! Sorry if you already answered some questions in the posts before! I read a lot of post but not all of them.

Yes, I use the AMAopt for an extra entry confirmation. I do not know how it works but it is very good! An extra safety. Would be nice to test the EA with this.

Machine slowed down because too many charts open. I reduced them to 6. Now it is better!

The way I traded this week was very strict.
1. Semafor level 3 or 2
2. Heiken Ashi color in direction of the trade
3. Stoch >= 80 or divergence and cross.
4. AMAopt slope color in direction of the trade (do not know what this indicator does but it is very good)
5. Heiken Ashi day in the color of the trade and preferable Day and H4 in color of the trade.
6. The trade must have at least a 2R or 3R return in perspective (TP is 2x or 3x the SL). This is why I skipp the trade if the signalbar is too long.
7. Trading time for entry the first 4 to 5 hours from the Germany and London open (best volatility).

In this way I do not have many trades but the trades I have are very good. If you work with a minimum of 2R risk reward you only need 35% winning trades to be at breakeven.

Could you programm the settings of the EA for takeprofit TP at 2R and 3R (I only see 1to1)? and a max of x pips for the signalbar?

Fantastic to see that your results gets better and better! Nice to see it grow

Happy Trading!
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_2.PNG Size: 60 KB
  • #7,182
  • Jan 7, 2016 4:51pm Jan 7, 2016 4:51pm
Hold on made a mistake... lol
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  • #7,183
  • Jan 7, 2016 4:57pm Jan 7, 2016 4:57pm
Quoting xmess7
DutchPips: AH yes I recall the indicator... someone had already suggested it but it was combined with a different indicator (which I plan to add too). So here are my questions and comments on the rules u provided. 1. Semafor level 3 or 2 This does not align with the Page 1 rules. That I remember, Dredding did not put this condition. What I may do is this, only for this combination, implement this rule. So for example if u pick UseAutoTrend=AMAopt then the EA would only look for 2/3 Sema dots. 2. Heiken Ashi color in direction of the trade 3. Stoch...
You do not need to take all my strict rules in the EA. Some of them are not suitable for the EA and only for my own decisions like the Semafor 3 or 2 level. I mostly trade the Semafor3.

Looking forward to the development!
  • #7,184
  • Jan 7, 2016 5:07pm Jan 7, 2016 5:07pm
Quoting Dutchpips
{quote} You do not need to take all my strict rules in the EA. Some of them are not suitable for the EA and only for my own decisions like the Semafor 3 or 2 level. I mostly trade the Semafor3. Looking forward to the development!
Lol. I have not finish typing lol. So wait for more. Ff is having problems and it sort of lers me type then it stops. So just wait lol
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  • #7,185
  • Jan 7, 2016 5:10pm Jan 7, 2016 5:10pm
OK HERE"S MY FULL RESPONSE

DutchPips:
AH yes I recall the indicator... someone had already suggested it but it was combined with a different indicator (which I plan to add too).
So here are my questions and comments on the rules u provided.

1. Semafor level 3 or 2
This does not align with the Page 1 rules. That I remember, Dredding did not put this condition.
What I may do is this. Create anew UseAutoTrend pull down choice. So when user picks it, the EA will only look for 2/3 Semadots

2. Heiken Ashi color in direction of the trade (ok)
3. Stoch >= 80 or divergence and cross.(ok)

4. AMAopt slope color in direction of the trade (do not know what this indicator does but it is very good)
Ok new indicator, This will be added to the dropdown list that you see when u click on UseAutoTrend)

5. Heiken Ashi day in the color of the trade and preferable Day and H4 in color of the trade.
Again when a user picks this combo, this will happen

6. The trade must have at least a 2R or 3R return in perspective (TP is 2x or 3x the SL). This is why I skipp the trade if the signalbar is too long.
Yep, I can add the 2X and 3X, no problem. As for the candle Size that was something I was considering for later.

7. Trading time for entry the first 4 to 5 hours from the Germany and London open (best volatility).
This feature is basically already there. Enter your Broker Times in the Use the Start_Time and End_Time inputs. You will have to determine when your Broker Time starts with the German and London Sessions.

Before I do this I am going to make some observations to get an idea of what it does real time. More than likely I'll first update the indicator to do this so we can SEE it. Then we'll take it to the EA if it looks like something feasible.

Less trades is ok with me, like I said before I am a long term trader and I often only take 2-3 trades per week. I prefer less trades cause that means less risk...
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  • #7,186
  • Jan 8, 2016 1:54am Jan 8, 2016 1:54am
TEST ACCOUNT STATUS

Folks below are images of the currencies that became BE runners. The first two are from the Oanda broker and the rest are in the TradeKing broker. I only trade EURUSD, GBPUSD, AUDUSD, and EURAUD. On Oanda I decided only to trade EURUSD and AUDUSD.

MY settings are default except for:
RiskPercent=3
UseAutoTrend=D1_HeikinAsh

As you may recall I had the GBPUSD running for the past several weeks. This week alone a total of 5 pairs across both broker became Break Even Runners. The Oanda account has not had a draw-down, at all. The TradeKing account has had several losers but because of the runners the account is profit. In addition the TradeKing account has surpassed the overall break even point of $10,000. Before November I was testing another EA on it. That EA caused a loss of just about 30%. Since the November start with Dreddings approach the account has climbed back to more than break even. Right now it stands at about $10400. However this morning it was as high as $11700. Yes, due to the currencies having changes all of the profits have fallen. The Tradeking account had an overall total of 1200 pips. Right now the total count is about 820 pips. In a live situation I would of closed out all trade after it broke 1000 pips, cause if u look at the balance it is around $6975 which means if these pairs go down to break even that's where the account will end up. Otherwise in Oanda's case I would leave them alone cause no matter what the account will be in profit.

I FIXED THE INDICATOR..... if u recall the indicator has problems when the new day pops up and u have to refresh it. That is FIXED!! I will post this on v9. The EA will also have a couple of new approaches. One is the approach suggested by DutchPips and the other is Paulus approach. I am trying to see if I can include bhaskaruni comments as well.

Anyhow enjoy the images. It's sort of like art. Look at that 500 pip short... it's like a painting masterpiece LOL. BTW the indi is v9 on the images. Any questions ......

UPDATE: TradeKing is up to $11000 and Oanda is up to $1718. We just need to SIT and WAIT and LET PRICE DO IT"S THING.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: OANDA_AUDUSD_Runner1.jpg Size: 472 KB
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Our AWESOME IMAGINATION is the true holy grail!
  • #7,187
  • Jan 8, 2016 2:21am Jan 8, 2016 2:21am
Quoting keysharp
Actually I didn't think any of this is a big problem. The fact that this version of the EA is pulling me back from a balance of about $8600 at the beginning of the week and now it is $9400 and am running two trades that look as if they will end in gains. I am using the broker Squared mt4. I'll be working on getting you the other info.
keysharp: Hey, I saw your post (1800). IF you get a chance send me a PM or email ([email protected]) . I'ld like to know what happen with your progress using this approach in trading...

Thnx
Jess
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  • #7,188
  • Edited 10:27am Jan 8, 2016 10:12am | Edited 10:27am
[quote=xmess7;8677791]OK HERE"S MY FULL RESPONSE DutchPips: AH yes I recall the indicator... someone had already suggested it but it was combined with a different indicator (which I plan to add too). So here are my questions and comments on the rules u provided. 1. Semafor level 3 or 2 This does not align with the Page 1 rules. That I remember, Dredding did not put this condition. What I may do is this. Create anew UseAutoTrend pull down choice. So when user picks it, the EA will only

Hi Xmess7,

Thanks for your reply! Some suggestions

1. Semafor: the reason I mentioned Semafor 2/3 is that at this moment your indicator is also using Semafor 2 as an entry. See attachment. So do not get me wrong, I took the Semofor 2 from your indicator. In this case nothing need to be changed.

3 Stoch. Prefer is stoch >= 80 for sell and <=20 for buy and I always look if there is diverenge couple of swings back, this would be very good (see also attachment)! Can you programm this? We could experiment with the Stoch. If you make the 80 and 20 variable entry. So for example we also could say >= 75 or <= 25 just to find out what suits best.

4. I do not understand what you mean with the AMAopt will be added to the dropdown list that you see when u click on UseAutoTrend). Does this mean I can choose either AMAopt or HASH day or HASH 4hr? Because I want to use them all. So for long AMAopt = blue and HASH day = green and HASH 4hr = green and Heiken Ashi is green........

Good luck!

Thanks so far!

Happy Trading
Attached Image (click to enlarge)
Click to Enlarge Name: Semafor level 2.PNG Size: 70 KB
  • #7,189
  • Edited 10:35am Jan 8, 2016 10:24am | Edited 10:35am
Great results Xmess7! I do not know if I would have so much patience in a real account

Another great idea could be Pyramiding. For example you run a great trade on the GBPUSD and on the way new oppertunities in the same direction present itself. Can the EA have the possibility to take these trades only when the previous lower trade is on BE? In this way you can really build up a good trade!
Attached Image (click to enlarge)
Click to Enlarge Name: Pyramiding.PNG Size: 71 KB
  • #7,190
  • Jan 8, 2016 12:57pm Jan 8, 2016 12:57pm
Dutchpips:

See my responses

Quoting Dutchpips
1. Semafor: the reason I mentioned Semafor 2/3 is that at this moment your indicator is also using Semafor 2 as an entry. See attachment. So do not get me wrong, I took the Semofor 2 from your indicator. In this case nothing need to be changed.
As originally indicated on page 1 and by Dredding, all semafor dots are considered. 1,2,and 3 are used as part of the rule. Remember the rule is that you have a zzDot above or below. the zzDot is the 3semafor dot and the rule does not specify wish zzdot to consider, so the code looks at all of them

Quoting Dutchpips
3 Stoch. Prefer is stoch >= 80 for sell and <=20 for buy and I always look if there is diverenge couple of swings back, this would be very good (see also attachment)! Can you programm this? We could experiment with the Stoch. If you make the 80 and 20 variable entry. So for example we also could say >= 75 or <= 25 just to find out what suits best.
Again, lol . The rules on page 1 state the stoch values to use. Dredding provided an extra condition that is not specified on page 1 for the stochs. I have it programmed in the code. So for now I will leave this as is.

Quoting Dutchpips
4. I do not understand what you mean with the AMAopt will be added to the dropdown list that you see when u click on UseAutoTrend). Does this mean I can choose either AMAopt or HASH day or HASH 4hr? Because I want to use them all. So for long AMAopt = blue and HASH day = green and HASH 4hr = green and Heiken Ashi is green........
Yes, exactly I am adding it to the DROP DOWN LIST on v9. IF and WHEN it is on that list then YOU CAN SELECT IT and it is available to you, just like for example right now u have the _3sema and _20MA options, in that same fashion you will have a AMAopt option to pick .
I understand the conditions that you are specifying and I can program them with no problems and it is not difficult. As soon as I can I will add the AMAopt option. I just have to consider how to add it to the inputs cause u are proposing more variation. I prefer that the EA inputs be kept clear and short. I have seen other EAs where they have a gazillion inputs, it's hard enough to concentrate on trading when you have to READ a bible to find out what each input does in an EA. Besides, THIS APPROACH WORKS!!! LOL

BTW I already have the v9 Indi and EA. Not only is the indicator finally FIXED but I also included the MM info u provided. So in that version you can now select _1to1, _2to1, _3to1, NextPivot, and UseDailyAverage) NextPivot, and UseDailyAverage are already in the current EA and indi. The NextPivot the progam sets TP at the next higher (or lower) pivot that is yeilds a ratio of greater than 1to1. The UseDailyAverage sets the TP at the price level that was calculated from the 10day Daily average. The default for all of these is always 1to1. And of course you have the trailng option too.


In my case I just use the GEtHalf_LeaveRestBE. With this the trade starts out as 1to1. When price reaches the half profit point, the EA closes have the lots and sets the remaining lots to BE with no TP. So I don't have to sweat anything cause I already got profit... this left over is a FREE RIDE
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  • #7,191
  • Jan 8, 2016 1:06pm Jan 8, 2016 1:06pm
Quoting Dutchpips
Great results Xmess7! I do not know if I would have so much patience in a real account Another great idea could be Pyramiding. For example you run a great trade on the GBPUSD and on the way new oppertunities in the same direction present itself. Can the EA have the possibility to take these trades only when the previous lower trade is on BE? In this way you can really build up a good trade! {image}
Yes, anyone can develop patience it is REAL EASY. Think of it this way. once the TakeHalf_LeaveRestBE takes affect YOU KNOW YOU ALREADY MADE A PROFIT. ok?
Then forget about the rest of it and don't even think about it until say Friday. If the trade hit BE, NO PROBLEM I got my profit. IF the trade is still alive... LOOK OUT!!! You just may see 1200 pips!!! LOL

Pyramiding:
That my friend is for the CONTEST EA. Yes, I plan to make a contest version so we can get into these contests and win the top prizes!!!! And yes it will only allow Pyramiding if the previous trade is at BE.
Although I will provide it as an optiont, so folks can decide if they want to use it on their live accounts. No problem, easy to do.

OH ONE QUESTION: Please explain divergence. I looked at your chart and I didn't understand what you meant by divergence when using the stoch indicator. I could not see how you related that the stoch was either going the opposite to the HA or to the AMAopt indicator? Please explain

J
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  • #7,192
  • Jan 8, 2016 2:28pm Jan 8, 2016 2:28pm
Quoting xmess7
{quote} Yes, anyone can develop patience it is REAL EASY. Think of it this way. once the TakeHalf_LeaveRestBE takes affect YOU KNOW YOU ALREADY MADE A PROFIT. ok? Then forget about the rest of it and don't even think about it until say Friday. If the trade hit BE, NO PROBLEM I got my profit. IF the trade is still alive... LOOK OUT!!! You just may see 1200 pips!!! LOL Pyramiding: That my friend is for the CONTEST EA. Yes, I plan to make a contest version so we can get into these contests and win the top prizes!!!! And yes it will only allow Pyramiding...
Hello Xmess,

See attachment divergence explained. As you can see Stoch kan be lower then 80 and still be very powerfull. Because it shows selling pressure. Hope you understand.

If you leave the divergence out it is better not to programm the Stochastics on >=80 or <=20 because you miss good trades.
Attached Image (click to enlarge)
Click to Enlarge Name: Divergence.PNG Size: 69 KB
  • #7,193
  • Jan 8, 2016 3:57pm Jan 8, 2016 3:57pm
Quoting Dutchpips
{quote} Hello Xmess, See attachment divergence explained. As you can see Stoch kan be lower then 80 and still be very powerfull. Because it shows selling pressure. Hope you understand. If you leave the divergence out it is better not to programm the Stochastics on >=80 or <=20 because you miss good trades. {image}
Oh ok, that was what I saw, I thought you had something different in mind.
Yep, it can be easily programmed. All I do is take the values at both 3sema dots and the values the correspond for the stoch and then just compare if price is rising as stoch is falling OR if price is falling as stoch is rising.

OK here's a question for you and this would be very very beneficial. Do you know or have you, done a study to determine the percent of times that a divergence is successful??? In this case you would include the Dredding conditions. I would really like to know how many times when all of this plus the divergence happens, has it been successful.... hmm, if I have time I will try that...

Thnx for the info this is VERY interesting.... perhaps with this setup you can chose not to use the Upper Trend indicators. hmmmm....
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  • #7,194
  • Jan 8, 2016 4:10pm Jan 8, 2016 4:10pm
Quoting Dutchpips
{quote} Hello Xmess, See attachment divergence explained. As you can see Stoch kan be lower then 80 and still be very powerfull. Because it shows selling pressure. Hope you understand. If you leave the divergence out it is better not to programm the Stochastics on >=80 or <=20 because you miss good trades. {image}
BTW Dutchpips, when u had the problem of the EA slowing down the machine cause u placed it on many pairs. Did u ONLY place the EA on the charts??? OR did u have the indicator on the chart as well?? The can be fairly heavy cause of how it uses graphics and the 3sema. The EA is alot leaner cause for example it calculates it's own pivots just using numbers where as the indicator uses numbers, lines, labels, and graphics. All those things use up memory. When used in a couple of pairs not problem but if you slap the indicator on many, well u multiply the use of memory.

Let me know if you only used the EA, remember the EA DOES NOT NEED the indicator to be on the chart. It can stand alone on the chart.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,195
  • Jan 8, 2016 5:03pm Jan 8, 2016 5:03pm
STATUS of accounts at close of FRIDAY.

Crazy week but the Chinese ordeal help the trades this week. Well that's one thing that helped. The other was adding the HA as upperTF trend detection aid. THAT REALLY HELPED lol.

Anyhow. Lastnite the total pips on both OANDA and TradeKing had fallen from their previous high' s. Today we had a casualty on both brokers. EURUSD closed at Break even. Even with this the remaining open trades turned around and yielded more profit. I decided to turn off the machine last nite, since all the pairs had stops and I didn't think that we would get any more new trades, so I turned it off. WRONG LOL. As you will see below, I would of had another EURUSD trade with it already running at BE.

Anyhow I won't show you all the charts but summaries. Click to enlarge them and study them. I am planning to add some suggestions that will add to the arsenal.

BTW we are getting close to finishing. So close that I am going to try to go Live next week. I say try cause I have to shift money around and it may not be available in time next week for me to use. As the real accounts start to work I will start to easy off on this project. However, I want to complete the EA so it can compete in CONTESTS. That would be a great way to fund ourselves... I mean given that the broker involved is not a fraud, right? LOL.

One thing that stands out is that the EA actually was able to recover these demo accounts. These demo accounts were used for testing other EAs which as you can imagine, resulted in severe losses. Now the next thing to see is that the EA can do the same for a LIVE blown account LIKE MINE LOL. Have fun and if you guys have questions you know where to find me. ([email protected])
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TradeKing_totalACCStatus1.jpg Size: 653 KB
Click to Enlarge Name: OANDA_AUDUSD_Runner1_Status1.jpg Size: 504 KB
Click to Enlarge Name: OANDA_EURUSD_Runner1_BEStop.jpg Size: 421 KB
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  • #7,196
  • Jan 9, 2016 5:06am Jan 9, 2016 5:06am
Quoting xmess7
{quote} Oh ok, that was what I saw, I thought you had something different in mind. Yep, it can be easily programmed. All I do is take the values at both 3sema dots and the values the correspond for the stoch and then just compare if price is rising as stoch is falling OR if price is falling as stoch is rising. OK here's a question for you and this would be very very beneficial. Do you know or have you, done a study to determine the percent of times that a divergence is successful??? In this case you would include the Dredding conditions. I would...
Hi Xmess! I think to take the divergence just as information! There are situations that the price keeps rising and the stochastics are falling. So in that case when we should take the condition for a trade that the Stoch should be >=80 for a short or <=20 for a long we could miss out some important trades. And you have to take into account that the divergence can go over several tops not just 2 but also 3,4 or 5 tops (although rare).

So I would not take the divergence as a indicator on itself, more as information.

What do you mean with Dreddings conditions? I only know the conditions at the start of this thread but did he also took the stoch.. >80 and <20 in the conditions?

BTW I am testing the conditions (without daily and H4 HAS) on the Dax.......great results!

Happy Trading!
  • #7,197
  • Jan 9, 2016 5:19am Jan 9, 2016 5:19am
Quoting xmess7
STATUS of accounts at close of FRIDAY. Crazy week but the Chinese ordeal help the trades this week. Well that's one thing that helped. The other was adding the HA as upperTF trend detection aid. THAT REALLY HELPED lol. Anyhow. Lastnite the total pips on both OANDA and TradeKing had fallen from their previous high' s. Today we had a casualty on both brokers. EURUSD closed at Break even. Even with this the remaining open trades turned around and yielded more profit. I decided to turn off the machine last nite, since all the pairs had stops and I didn't...
Hi Xmess, Great results! Patience is king! Let them run! The downside is you lose (or BE) eventuelly winning trades like EURUSD. What are your programm conditions for the exit?
I know from another thread they had a jumping SL. SL jumped to the lowest turn. Pretty good.

Where can you find those EA contest? Looks fun...... LOL

Looking forward to version 9 and finetuning the system......!

Happy trading
  • #7,198
  • Jan 9, 2016 7:28am Jan 9, 2016 7:28am
{quote} Yes, exactly I am adding it to the DROP DOWN LIST on v9. IF and WHEN it is on that list then YOU CAN SELECT IT and it is available to you, just like for example right now u have the _3sema and _20MA options, in that same fashion you will have a AMAopt option to pick . I understand the conditions that you are specifying and I can program them with no problems and it is not difficult. As soon as I can I will add the AMAopt option. I just have to consider how to add it to the inputs cause u are proposing more variation. I prefer that the EA inputs be kept clear and short. I have seen other EAs where they have a gazillion inputs, it's hard enough to concentrate on trading when you have to READ a bible to find out what each input does in an EA.

The AMAopt option is an extra confirmation for entry. It can not replace 3sema or HAS for trend direction.

Happy Trading!
  • #7,199
  • Edited 12:15pm Jan 9, 2016 11:37am | Edited 12:15pm
Quoting Dutchpips
{quote} Hi Xmess, Great results! Patience is king! Let them run! The downside is you lose (or BE) eventuelly winning trades like EURUSD. What are your programm conditions for the exit? I know from another thread they had a jumping SL. SL jumped to the lowest turn. Pretty good. Where can you find those EA contest? Looks fun...... LOL Looking forward to version 9 and finetuning the system......! Happy trading

1s, there is NO DOWNSIDE. That BE that got closed was a FREE trade nothing was lost and I already have half the profits, so in reality it was a profitable trade. The only thing that was I lost was the opportunity to gain more..

2nd, I turned OFF the EA. By doing that I missed an opportunity to get back LONG into EURUSD, which by now would of already had half the lots closed (winner!) and the rest would just be a BE running for more possible profit.

The way I handle Taking profit when we are dealing with BE runners is like this. From my experience as a long term trader, on average I wait 3 or 4 weeks to close the trade or if profit breaks 1000 pips. My take is to now worry about what the market will do with my trade. All I know is my initial risk and I know FOR SURE that if one of my trades entered at the right spot, plus it becomes a BE, will get me HUGE PROFITS. This is a fact that I have experienced several times and as u have seen it is happening right now. Check out this Greame's Thread and see how he handles the Huge profits and also the many losses.
http://www.forexfactory.com/showthread.php?t=245149

BTW, there is no fine tuning being done. I am only debugging the indicator and EA so that it will do exactly what the page 1 rules indicate. Nothing else should be added to the core approach, of which the EA and indicator already have intact. I am just adding a couple of more choices to the autotrend and I am considering your and two other proposals. One them is Paulus. I think around pg 88 he shows his approach. His would involve a little bit of a deviation but I think it iis worth it since he also showed a string of successful profits.

So to get the Paulus approach sort of started v9 already has the Camarillo pivots. To have the Paulus approach the inputs would need to be changed like this:
UseAutoTrend=None
Pivots=Camarillo
Target_TakeProfit=NextPivot
That would emulate what Paulus was doing before he added the 3dot detection for determining trade direction.
I can sort of program the 3dot thing Paulus was doing but the problem is that it's very subjecting. Hmm about the only way I can get close to having the EA being sort of subject is to make it like flip a coin LOL.

Anyhow, like I said no more tweaking, the core approach is intact and working. The only thing that will be added are possibly more upper or higher Trend detection tools. Oh and of course get the EA and indicator working for higher TF trading and importantly the CONTEST version LOL.
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  • #7,200
  • Edited 12:18pm Jan 9, 2016 11:57am | Edited 12:18pm
Quoting Dutchpips
{quote} Hi Xmess! I think to take the divergence just as information! There are situations that the price keeps rising and the stochastics are falling. So in that case when we should take the condition for a trade that the Stoch should be >=80 for a short or <=20 for a long we could miss out some important trades. And you have to take into account that the divergence can go over several tops not just 2 but also 3,4 or 5 tops (although rare). So I would not take the divergence as a indicator on itself, more as information. What do you mean with Dreddings...
SO you don't know what the % probability of a correct trade direction when using the divergence method? That is why we need to sit down and count the number of times that it is successful per number of attempts. That will provide us with a statistical edge. When I get a chance, don't know when, I may create a program that will do just that. If the stats are say over 70% than I would consider it to be a good tool. Else... well you know.

When I say Dredding conditions these are the rules that are on page 1. the 80/20 levels are considered. I have the original EAs that we where trying to code back in 2010 and in there Dredding added the conditions for the stoch and the levels of 80/20. The code goes a little further than just using the 80/20 conditions. That was Dreddings input.

Good you are testing it on Stocks. v9 is more complete and can handle stocks better than v8. v8 is missing code that concerns stocks, thereby missing opportunities.

I was testing this last nite. Below are charts from FxPro. The top one is v8 and the bottom is v9. The stock is Linkedin. Notice the missing arrows, with v8 you will miss opportunities. I am using the default values with UseAutoTrend set to D1_HA

Which reminds me I need to finish a Bridge program that will connect MT4 with InterBrokers Platform. Trades that are taken on MT4 will also be taken on the IB broker.
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