Al System

Quoting Albertdkpllh

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{quote} I see you are on the 1m TF. what parameters are you using?

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Quoting hepsibah

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{quote} I am so sorry, I thought that the two trades I just posted were according to Al's strategy, I must have misunderstood. They were both on 1m with both zz and stoch=18

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Quoting hepsibah

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Here's another just happened. SL at a new up leg, TP at new down leg {image}

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Quoting kprsa

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{quote} Hey hepsibah, thanks for your posts and thanks Albert for this thread (after quite a while something interesting on FF! ). I am wondering would it not be better to leave the trade running until the zigzag starts showing an opposite leg (up in your example), rather than indicating a trend (start of the leg down) in the trade direction? The SL is fixed here, why restrict the profit potential? Best, k

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Quoting hepsibah

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{quote} Hey kprsa, How are you? I actually still use this strategy sometimes when I'm trading manually (usually leave it to EAs these days) but I always use the stoch as the direction i.e. trade in the direction of the arrows. But Albert has opened my eyes to another possibility when the trades turns against you and I'd thought I was showing examples of these but seem to have missed the point. I didn't want to clog up the thread any more with the way I trade it so was just trying to find examples of Albert's strategy but think I blew it - duh!

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Quoting diamonddbw

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{quote} ++++++++++++++++++++++++++++++++ Don't be so hard on yourself. After being a select member of "Men & Women That Stare at Charts", for several years, my observations tell me that trading, just like life, is always a work in progress. The moment you claim something to be categorically accurate, is the same time that the beast known as "Random" will take a piece out of your arse...

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Quoting hepsibah

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{quote} Very astute observation diamonddbw

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Quoting hepsibah

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{quote} Hey kprsa, How are you? I actually still use this strategy sometimes when I'm trading manually (usually leave it to EAs these days) but I always use the stoch as the direction i.e. trade in the direction of the arrows. But Albert has opened my eyes to another possibility when the trades turns against you and I'd thought I was showing examples of these but seem to have missed the point. I didn't want to clog up the thread any more with the way I trade it so was just trying to find examples of Albert's strategy but think I blew it - duh!

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Quoting kprsa

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{quote} Everything is fine, thanks! Now I think I understand you: So in case of a further extension of ZZ leg, almost certainly at some point the arrow would have appeared which you'd use for the entry by your alternate system. In a sense you're taking care of both trend and choppy regime of the market. Very clever! I am interested in what you have to say: your contributions are always constructive. While I possibly do not see things the same way, I always learn something new. All the best, k

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Quoting hepsibah

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..... In the <10% of cases where this fails, we have Albert's system to bail us out though I obviously haven't quite got the hang of it yet. .... {image}

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Quoting hepsibah

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I actually believe this is goldust so I am going to risk trying Albert's patience one more time in the hopes a few lighbulbs may go off. The easiest way to see this is to set up a 1m chart with only the post-zigzag and the stochzzmismatch v2 indicators (you can find both by clicking the paperclip top right if you haven't already got them). Change the colours of the post-zigzag so the top colour is None - this leaves the actual zigzag off as it it is clearer that way. Set the values of the post-zag and the stochZZmismatch v2 to be the same. I have...

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Quoting MichaelSch

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{quote} I will try it, but can you post pictures from the settings? Not really clear for me what have you set. Thanks Michael

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Quoting Blackeagle

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{quote} Post zigzag - Depth 18, others 1 StochZZmismatch - 18,1,1,18,1,1 (default values) Regards, Blackeagle

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Quoting Blackeagle

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{quote} Hi Hepsibah, thanks for your contribution to the thread. Following explanation is for you as well as others who try to get hang of it. As you can see from EURCAD H1 chart I attached, zigzag is up, therefore we are looking for a long trade. Red vertical line is where stoch is 0 when zigzag is still up. The red arrow shows the lowest low for down swing and if you go 25 bars back (because zigzag value is 25), the low of red arrow is higher than blue arrow, therefore there was no new leg down on zigzag. Anyway this is how zigzag works (for newbies,...

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Quoting IonTrading

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I think this will work better if we set ZZ with double the value of STC. Also, We need ZZSTC mismatch v2 and ZZSTC Fails with Alerts or an EA...uhhgg... I wish I can code >__< {file} {file} {file} {image} {file}

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