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Simple, proven and profitable S/R system

  • #81
  • Apr 20, 2016 1:18am Apr 20, 2016 1:18am
Quoting hanover
@HCooper: I'm not 100% sure, but (judging by the names of the parameter settings) I think the S/R indicator you attached to post #1 might be a stripped down version of the one that I've attached here. Somebody following this thread might like to confirm this.......... Thanks for sharing, and good luck, David {file} {file}
well done David , thanks for share it , works fine with my old MT4 ver 4.0 build 950 dec 2015
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what ever it takes
  • #82
  • Apr 20, 2016 1:40am Apr 20, 2016 1:40am
Quoting belleblue
Really great indicator HCooper, I personally would like an alert on the indi when it hits the zones, saves sitting in front of the screen for hours on end- can someone here code one in?
The indy that I attached to post #73 apparently has alerts, although I haven't attempted to use them. I believe that it's the original version; the indy attached to post #1 is a renamed and stripped down version (and anyway, the .mq4 file would need to be uploaded, to allow a programmer to modify it).
  • #83
  • Apr 20, 2016 2:08am Apr 20, 2016 2:08am
Quoting hanover
{quote} The indy that I attached to post #73 apparently has alerts, although I haven't attempted to use them. I believe that it's the original version; the indy attached to post #1 is a renamed and stripped down version (and anyway, the .mq4 file would need to be uploaded, to allow a programmer to modify it).
many thanks, Hanover, for this nice indi...it is more user-costumizable than that one in post #1 and moreover provides alerts...!

Happy trading, jdva
I never lose - either I win or I learn...
  • #84
  • Apr 20, 2016 2:22am Apr 20, 2016 2:22am
Hello and good morning everyone! Its nice to see how many traders interested this thread

Lets start this day with fast scalp trade on USD/JPY

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  • #85
  • Apr 20, 2016 2:26am Apr 20, 2016 2:26am
Here is a further clarification why I entered.

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  • #86
  • Apr 20, 2016 2:33am Apr 20, 2016 2:33am
Quoting hanover
@HCooper: I'm not 100% sure, but (judging by the names of the parameter settings) I think the S/R indicator you attached to post #1 might be a stripped down version of the one that I've attached here. Somebody following this thread might like to confirm this. If this is the case, then the indicator I've attached has a 'Testing' mode (fourth last parameter), which if set to true, allows you to scroll forward/backward thru the chart (use right/left arrow, or F12/Shift-F12 for one candle at a time) and see what the boxes looked like at any point in...
Hi hanover and welcome here! Thanks for your message, I think that this was definitely worth a sharing and feel free to post over this thread anytime

I absolutely agree with using correlations together with S/R zones - I donīt have both strategies that much connected together, but these two strategies are most stable / successfull for me in the long term.

Thanks and I wish you a lot of green pips.
  • #87
  • Apr 20, 2016 2:38am Apr 20, 2016 2:38am
Quoting mpcrabtree
{quote} So, HCooper in your first page you state that Buy is based on "Price reaches the strong support (must be tested at least once)" By strong are you referring to "Verified Support" with Test Count > 1 or "Proven"? I am assuming that Proven means stronger than just Verified. Mike
Correct, proven means stronger than verified, and by strong I am refering to verified support / resistance that is tested at least once. However, the indicator takes the S/R zone as tested only if the market closes inside the S/R zone and bounce. But for me a valid tested S/R zone is even if some swing will touch the S/R zone (donīt close inside the zone) and bounce.
  • #88
  • Apr 20, 2016 2:41am Apr 20, 2016 2:41am
Quoting belleblue
Really great indicator HCooper, I personally would like an alert on the indi when it hits the zones, saves sitting in front of the screen for hours on end- can someone here code one in?
Hello, if you trade intraday (M1, M5, M15) I would recommend you to watch the market as you would see better the momentum / Price Action of the market. If you want to open longer-term trades, than it is possible to set alarms in MT4 or maybe hanoverīs indicator could help.
  • #89
  • Apr 20, 2016 2:43am Apr 20, 2016 2:43am
Quoting sjam.achmadi
hello HCooper thx for share your trading concepts. unfortunatelly the indicator cannot be shown in my meta..could you give it in .mq4
Welcome here, unfortunately I am not the author of the indicator, so I have the .ex4 version only. However, the .ex4 version should work without any problems. Have you pasted the indicator following these steps? go to MT4 -> choose file -> open data folder -> double click MQL4 ->double click indicators -> copy the indicator there -> restart MT4

Or maybe try the MT4 from Metaquotes so you will see if there is a problem in the platform that you currently use.
  • #90
  • Apr 20, 2016 2:44am Apr 20, 2016 2:44am
Quoting triadi01
Hi HCooper, I have the some problem with @sjam. it could not open in my MT4. I tried download twice and upload again on my MT4 but still wont open when I attached to the chart. My other EA works fine. Any idea?
Hello, I have answered above, take a look and let me know if you solved it.
  • #91
  • Apr 20, 2016 2:45am Apr 20, 2016 2:45am
Quoting jusiur
Nice thread. Similar one here (http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=27&t=514)
Thanks for sharing, I will take a look
  • #92
  • Apr 20, 2016 2:46am Apr 20, 2016 2:46am
the fundamental S/R lines is always best to determine trade level
  • #93
  • Apr 20, 2016 2:59am Apr 20, 2016 2:59am
KISS trading system.
Keep it simple, Stupid!

This is Gold!

Thanks for sharing the indicator!
Risk comes from not knowing what you're doing.
  • #94
  • Apr 20, 2016 3:04am Apr 20, 2016 3:04am
Quoting dragonexpert
KISS trading system. Keep it simple, Stupid! This is Gold! Thanks for sharing the indicator!
Absolutely agree - thatīs it!
  • #95
  • Apr 20, 2016 3:20am Apr 20, 2016 3:20am
​Great thread Hcooper ! can you post a couple more charts with the 'turncoat' example of a trade, thank you :]
  • #96
  • Apr 20, 2016 3:28am Apr 20, 2016 3:28am
Quoting nozzer
​Great thread Hcooper ! can you post a couple more charts with the 'turncoat' example of a trade, thank you :]
Thanks men itīs little bit harder to trade turncoat S/R zones. I would firstly recommend you to stick to the simplest trades as I wrote in the first post and improve little by little.
  • #97
  • Apr 20, 2016 3:29am Apr 20, 2016 3:29am
Nice GBP/USD trade a couple of minutes ago...

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  • #98
  • Apr 20, 2016 4:04am Apr 20, 2016 4:04am
Quoting barakooo
how do I get this indicator on my platform
Hello.

File - Open Data Folder - MQL4 - Drop it in the Indicators folder. Restart MT4 - Ctrl+N - Drag it onto your chart.
  • #99
  • Apr 20, 2016 5:57am Apr 20, 2016 5:57am
hi HCooper, is it a way to back test this indicator (by EA or manually) just for 3 or 4 months?
Cendol is the most popular dessert in my country
  • #100
  • Apr 20, 2016 6:21am Apr 20, 2016 6:21am
Quoting vitzaza
{quote} well done David , thanks for share it , works fine with my old MT4 ver 4.0 build 950 dec 2015 {image}
I've just come across this thread.
HCooper, great work! S/R zone are by far one of the best and most profitables ways to trade forex.

I saw that Hanover shared the same file that I use. For those of you who downloaded the file, please be aware that the standard settings are different from the file that Hcooper use. In particular the so called "fuzzfactor" is 0.5 in Hcooper file and 0.75 in Hanover and also the "zone_extend" setting is set to false for Hcooper.

I personally use the same settings of Hcooper, don't know if they are the best or no, just wanted to warn you about it. For anybody's convenience attached is the file with the settings used here + a couple of minor changes (I added the M30 to the MTF feature and changed a little bit the labels).

Marco
Attached File(s)
File Type: mq4 SS_SupportResistance_v07.mq4   43 KB | 888 downloads
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