Wolf Wave indicator

Nice catch Moldem, did you get the trade?

Here's one before the fact

guys do you mind posting your indicators please.

tnx in advance

I use the old fashioned EyeballLookSee EA LOL.

No one who took the course for $3000 is going to write out an EA which incorporates the entire set of rules as taught by Bill Wolfe and then toss it to the wind all over the internet for free my friends.

There is much more to the strat than identifying the wedge shapes as shown on his website. Besides, there is quite a bit of non-mechanical decision making required on the part of the trader on whether to take a trade and also when and where to ext which are things that can't be automated.

I know not many people here can fathom what I'm saying but warning you all nonetheless.

Leib

Did anyone else get in the CHF Long trade? Notice it was called ahead of time. The formation of the subsequent bearish Wolfe Wave was good cause to book profit and reverse position. Sorry that I didn't post that up ahead of time.

No EA's used here - my brain is the best Expert Advisor LOL

Leib

Nice moves.

Ever consider taking profit when it reaches say 1/2 distance to take profit?

moldem, you could do that, but why not maximize your gain?

If you see a contrary wave forming on the run from Point 5 to the EPA line on the same time frame as the wave that you are working with and you estimate that it's point 5 might end up being short of the target line that you've been aiming for, then it makes sense to exit your trade at the point 5 of the newly formed WW.

One might also have time limits and simply take their profit before the run has completed. Or they have a favorite indicator which is signalling an imminent strong reversal, then why not exit with your profit wherever it is, be it 10%, 20% 50% or 98% of the expected run? No need to be so arbitrary as to lock yourself into aiming for just 50%. Also if you don't remain flexible, and a contrary wave forms on the way to your run, are going to stubbornly hold out for that 50% instead of jumping on the bandwagon of the contrary Wolfe Wave that has developed in the interim?

Leib

a.zip indacater doesn't work am i doing something wrong?

Dave

ok a is for mt3. But wave angle didn't work on either 3 or 4

Dave

got everything working.

heres an entry on eur/jpy

I have never based a trade off this so its a demo trade. But I think it looks good

what do some of you guys use as a trigger?

Dave

i am using wolf and wolf-x101 together. wave 5 hit a target line and bounced. That was my trigger

Leib,

I notice that you are the only one drawing a Wolfe Wave correctly. Did you take his course, or is it just luck ?

I sent you a PM (2 actually)

Leib

I didn't draw mine the indacater did. But it played out exactly.

Edit: This is the result of the one I posted on page 2.

Dave

非常感谢，我会经常来的

where can i find the most up to date indicator for this?

This thread is 2 years old how ever I have trade with WW for a time and I havnt taken the course

I use ZZ 653 to help with the identification.

I like WW as its clean price action that dictates the trade.

Once i have 1234 and parallel the 2-4 line that gives me my buying area

In the screen shot its indicated by the large plum box at the bottom..I move stop to break at the indicated point because at this point price could easily revesre and carry on in a down channel..the tp is at the normal point

In this case with the worse fill the profit was 28 pips and would of drawn down 9

Any one out there still trading it ?

Paulus

First of all..sorry if my english somewhere is not correct, is not my native language, I hope almost it’s clear! No, I did not trade with Wolfe Wave system yet, but I would like to learn it.I read Bill Wolfe website, I read enough posts on a couple of forum.Many people make a formula and they use on their trading software.Many the guessing and the doubtfulness with this system between peoples who didn't take the course.Some peoples believes it, but some knows that there is an wolfe wave on the chart when a specific pattern appear.I do not believe that if we create a system with a simple scanning procedure can identify Wolfe patterns. How I mentioned I am beginner in this.I ask primary all those help who completed the course already.What is their experience with functionality of the system?Still you use this technique or you find something else already wich is more powerful?the invested money was worth it’s price?the 10 day course were useful?I learn with pleasure everytime and I pay for it but there is not less money .That is why I ask your opinion. I read some people were completed the course here already.If you can answer even here or private message I would be very appriciated.Thank you very much.

Anyone having a working indicator for WW , on any charting platform, please post here.......thanking you
MT4 and Amibroker will be preferred.

bump

try these

P

what does the extdepth control default is 12

is this good on all time frames