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Bollinger bands stops (new version)

  • #21
  • Mar 16, 2017 8:00am Mar 16, 2017 8:00am
An amazing indicator you have created here but, I'd to know whether or not it repaints
  • #22
  • Mar 18, 2017 3:35am Mar 18, 2017 3:35am
This is an amazing indicator Mladen. I use it in conjunction with RSI Experiment and NRTR_ATR_STOP. I trade Elliot wave patterns/ Structure but these compliment trading so well! It verifies patterns insanely good!

Is there any way that NRTR_ATR_STOP, BBStop or RSI Experiment can be used to create an Expert Advisor? These indicators don't repaint once the bar has closed which shows the quality of the code. If one of these indicators can be created into an EA to execute trades, that would be awesome. If all of them can be used in sync for an EA, that would be out of this world.

Below are the indicators and Template.

Regards!
Attached File(s)
File Type: mq4 NRTR_ATR_STOP.mq4   3 KB | 2,693 downloads
File Type: mq4 rsi_experiment_extended.mq4   15 KB | 2,400 downloads
File Type: mq4 BB stops (new format) 1.2.mq4   20 KB | 2,625 downloads
File Type: tpl Test.tpl   3 KB | 1,831 downloads
  • #23
  • Mar 18, 2017 5:55am Mar 18, 2017 5:55am
Dear rvanscho

Thank you and to all for your posts. Would you kindly explain how you use the combination reads of all the indicators you shared in order to be on the winning side??

Many thanks
  • #24
  • Mar 18, 2017 6:17am Mar 18, 2017 6:17am
Quoting JTMoo
An amazing indicator you have created here but, I'd to know whether or not it repaints
It does not repaint
All the best
  • #25
  • Mar 18, 2017 6:39pm Mar 18, 2017 6:39pm
Quoting wasadeq
Dear rvanscho Thank you and to all for your posts. Would you kindly explain how you use the combination reads of all the indicators you shared in order to be on the winning side?? Many thanks
Hi, this is how I trade the system:

BUY: When you get a signal to buy from the NRTR ATR STOP, place a line on top of the candle close. Look at the picture below of USDCAD. Placing this line ensures we want to buy when the price is making higher highers. You will find price often retraces once you get the signal to buy. We want to buy when price crosses the line. BUY only when prices closes least 2-3 candles above the line. Look at USDCAD picture below for further reference.

SELL: Same as above except place the line below the candle close and once price moves below the line, then we sell.

Stops: Place your stops below the line you've drawn. It should be maximum 30pips. The risk is up to you. I only use around 10-15 pips. Even less is ok.

Take Profit: Once price starts to touch the lines of the NRTR ATR STOP indicator, then take profit. Or you can take profit when another signal occurs.

This system works well because it tries to filter out bad signals in sideways markets etc. It is also good because it minimises your loss if the trade doesn't go your way.

When you try this system, you will get stopped out from time to time, but this is normal in trading and also you won't lose a lot.

Just keep this in your head: 'We want the price to make higher highs for a buy and lower lows for a sell. The placing of the line is the genius part of this system.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-03-19 at 9.29.19 am.png Size: 45 KB
  • #26
  • Jul 18, 2017 11:53pm Jul 18, 2017 11:53pm
Quoting mladen
This is a new version of a well known Bollinger bands stops indicator This version is using new mt4 possibilities, and is more rational when it comes to multi time frame mode (lighter on the CPU) It can use one of the 5 average methods for calculations : simple moving average (SMA) exponential moving average (EMA) smoothed moving average (SMMA) linear weighted moving average (LWMA) triple exponential moving average (TEMA) It can display any combination of : displaying lines displaying dots/arrows displaying colored bars All in all 7 types of display....

I put this interesting indi on platform and it shows just red and green dots.I verified all settings but it not work so far.Please tell me how to make it work.Thanks a lot for your help.
  • #27
  • Jul 19, 2017 2:29am Jul 19, 2017 2:29am
Quoting freeman777
{quote} I put this interesting indi on platform and it shows just red and green dots.I verified all settings but it not work so far.Please tell me how to make it work.Thanks a lot for your help.
Check here : Metatrader 4 build 1090 bug fix ...
  • #28
  • Jul 19, 2017 3:45am Jul 19, 2017 3:45am
Quoting mladen
{quote} Check here : Metatrader 4 build 1090 bug fix ...
It works now. Many thanks.
  • #29
  • Jul 21, 2017 10:15pm Jul 21, 2017 10:15pm
Quoting mladen
This is a new version of a well known Bollinger bands stops indicator This version is using new mt4 possibilities, and is more rational when it comes to multi time frame mode (lighter on the CPU) It can use one of the 5 average methods for calculations : simple moving average (SMA) exponential moving average (EMA) smoothed moving average (SMMA) linear weighted moving average (LWMA) triple exponential moving average (TEMA) It can display any combination of : displaying lines displaying dots/arrows displaying colored bars All in all 7 types of display....
Hi thanks for this indicator. I tried it but It doesn't show the lines just like in your chart.

The below picture is my chart and it does not show the lines.

Display type is set to all
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 319 KB
Click to Enlarge Name: Screenshot2.png Size: 66 KB
  • #30
  • Jul 21, 2017 10:23pm Jul 21, 2017 10:23pm
Quoting mladen
{quote} Check here : Metatrader 4 build 1090 bug fix ...
Nevermind I just read this it works now Thanks
  • #31
  • Jul 22, 2017 12:16am Jul 22, 2017 12:16am
Mladen hi!I tried as per your direction but still no lines appear. The BBstop successfuly appeared but not the lines. PLease help!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2017-07-22_1611.png Size: 16 KB
Click to Enlarge Name: 2017-07-22_1608.png Size: 134 KB
Click to Enlarge Name: 2017-07-22_1606.png Size: 20 KB
  • #32
  • Jul 22, 2017 1:49am Jul 22, 2017 1:49am
Quoting mario777
Mladen hi!I tried as per your direction but still no lines appear. The BBstop successfuly appeared but not the lines. PLease help! {image} {image} {image}
Do as described there at that link - now delete that last addition and compile it again
That is a bug of metatrader 4 build 1090 - you must do what is described (sometimes multiple times) - nothing else can be done
____________________
  • #33
  • Jul 22, 2017 4:06am Jul 22, 2017 4:06am
Thanks mladen, awesome indi.
  • #34
  • Jul 22, 2017 8:12am Jul 22, 2017 8:12am
Quoting mario777
Mladen hi!I tried as per your direction but still no lines appear. The BBstop successfuly appeared but not the lines. PLease help! {image} {image} {image}
Use this one. It's the same as the one with the source code but I already did the edit of the .mql file, it gave a compile error then restore the code without error and it worked even on my other computer. I don't have to do it again on other computers. But I just have to use the .ex4 file.
Attached File(s)
File Type: ex4 BB stops (new format) 1.3.ex4   51 KB | 1,363 downloads
  • #35
  • Jul 25, 2017 6:22am Jul 25, 2017 6:22am
Quoting mladen
{quote} Do as described there at that link - now delete that last addition and compile it again That is a bug of metatrader 4 build 1090 - you must do what is described (sometimes multiple times) - nothing else can be done ____________________
Yes I did that. Deleted the last line but no luck. I did it many many times but still no lines.
  • #36
  • Jul 25, 2017 6:23am Jul 25, 2017 6:23am
Quoting maflip
{quote} Use this one. It's the same as the one with the source code but I already did the edit of the .mql file, it gave a compile error then restore the code without error and it worked even on my other computer. I don't have to do it again on other computers. But I just have to use the .ex4 file. {file}
maflip, thanks! but still lines dont appear. I tried with different brokers too but still the same.
  • #37
  • Jul 25, 2017 3:10pm Jul 25, 2017 3:10pm
Quoting mario777
{quote} Yes I did that. Deleted the last line but no luck. I did it many many times but still no lines.
Then you are doing something wrong
If you do as described, it will work
  • #38
  • Jul 25, 2017 5:22pm Jul 25, 2017 5:22pm
Quoting mladen
{quote} Then you are doing something wrong If you do as described, it will work
Mladen do you attached it first in your chart before modify? Thats what i did. Thanks!
  • #39
  • Edited 3:02am Jul 26, 2017 2:50am | Edited 3:02am
Quoting mario777
{quote} Mladen do you attached it first in your chart before modify? Thats what i did. Thanks!
Did you see the picture?
Where do you think that the picture comes from?
For your ease of mind - a fresh example (of that same file from the first post)

Attached Image (click to enlarge)
Click to Enlarge Name: bb stops.png Size: 112 KB


There is nothing wrong with the code and there is nothing to be changed in the code. The bug is exclusively coming from metatrader 4 build 1090 and if you follow the instructions from the link provided it will work as expected
  • #40
  • Aug 2, 2017 6:05am Aug 2, 2017 6:05am
mladen thanks you very much! Is it possible to make an EA with this indicator? Thanks!
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