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Wolfe Waves - Get in the Zone

  • #501
  • Mar 21, 2017 1:11pm Mar 21, 2017 1:11pm
Hi all,
Making my way through the thread and am finding it very interesting. I did download the Wolfe Wave template etc from first page. I have a question about the TDI clock. Can someone explain to me what it all means. I get that the arrows mean up, down or sideways but there are angles in degrees and comments on it too eg strong up etc. If any one can help me figure this thing out and how it helps with the Wolfe Wave trading I would be extremely grateful.
About me I have been teaching myself to trade for a little while but still feel very much an amateur so any help is welcome. Not out to buy a Ferrari but just to make life a little bit easier.
  • #502
  • Mar 21, 2017 1:35pm Mar 21, 2017 1:35pm
Well i'm sold on this strategy ha
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  • #503
  • Mar 21, 2017 2:30pm Mar 21, 2017 2:30pm
Quoting caledonia
Hi all, Making my way through the thread and am finding it very interesting. I did download the Wolfe Wave template etc from first page. I have a question about the TDI clock. Can someone explain to me what it all means. I get that the arrows mean up, down or sideways but there are angles in degrees and comments on it too eg strong up etc. If any one can help me figure this thing out and how it helps with the Wolfe Wave trading I would be extremely grateful. About me I have been teaching myself to trade for a little while but still feel very much...
Hi and welcome.
I don't use the indicator or the template, but taking a guess, the 'too strong up' would mean that the momentum up is too strong to be thinking about going short - at least for the time being. Would that make sense? I'm sure one of the others on here who do use the template will give some comments later.
Cheers and best of luck.
  • #504
  • Mar 21, 2017 2:48pm Mar 21, 2017 2:48pm
EJ 5min - Health warning though as there is a measured move target down at 12050 ish

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  • #505
  • Edited 5:39pm Mar 21, 2017 5:25pm | Edited 5:39pm
Quoting parviz1953
{quote} Hi All: Objects deleting Bug ,Fixed permanently.{file}
This is the new version, it detect WW when the following conditions are true :

if(
Low[Wolf[1]]<High[Wolf[2]] &&
Low[Wolf[3]]<Low[Wolf[1]] &&
Low[Wolf[3]]<High[Wolf[4]] &&
High[Wolf[4]]>Low[Wolf[1]] &&
Low[Wolf[5]]<=Low[Wolf[3]]
)
{
WolfWave="Buy";
}
//---------------------
if
(
High[Wolf[1]]>Low[Wolf[2]] &&
High[Wolf[3]]>High[Wolf[1]] &&
High[Wolf[3]]>Low[Wolf[4]] &&
Low[Wolf[4]]<High[Wolf[1]] &&
High[Wolf[5]]>=High[Wolf[3]]
)
{
WolfWave="Sell";
}
And it also print all five standard fibo relations of harmonic patterns and now the position of text can be set .
Any suggestions, ideas, reporting bugs found..., are most welcome and appreciated.
Attached File(s)
File Type: ex4 parvizWolfWave v3.ex4   42 KB | 572 downloads
  • #506
  • Mar 21, 2017 9:42pm Mar 21, 2017 9:42pm
Stopped out...
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missing trades
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No one wants to be defeated~
  • #507
  • Mar 21, 2017 10:24pm Mar 21, 2017 10:24pm
Quoting parviz1953
{quote} This is the new version, it detect WW when the following conditions are true : if( Low[Wolf[1]]<High[Wolf[2]] && Low[Wolf[3]]<Low[Wolf[1]] && Low[Wolf[3]]<High[Wolf[4]] && High[Wolf[4]]>Low[Wolf[1]] && Low[Wolf[5]]<=Low[Wolf[3]] ) { WolfWave="Buy"; } //--------------------- if ( High[Wolf[1]]>Low[Wolf[2]] && High[Wolf[3]]>High[Wolf[1]] && High[Wolf[3]]>Low[Wolf[4]] && Low[Wolf[4]]<High[Wolf[1]] && High[Wolf[5]]>=High[Wolf[3]] ) { WolfWave="Sell"; } And it also print all five standard fibo relations of harmonic patterns and now the position...
Hey Parvis

Many thanks for all of your hard work and brilliant coding!

When i test the indicator I still see cases where the lines AC and XB do not converge.
I am thinking that if you began the setup test with something like:
If (absvalue(X-A) > absvalue(B-C)), then could be valid setup.
Not too sure how to do that in MQL4, I am thinking that all you need is the price at each point to determine convergence.
I think that the logic is OK and covers all cases.

hope this is useful

Keith
  • #508
  • Mar 22, 2017 12:10am Mar 22, 2017 12:10am
Quoting parviz1953
{quote} This is the new version, it detect WW when the following conditions are true : if( Low[Wolf[1]]<High[Wolf[2]] && Low[Wolf[3]]<Low[Wolf[1]] && Low[Wolf[3]]<High[Wolf[4]] && High[Wolf[4]]>Low[Wolf[1]] && Low[Wolf[5]]<=Low[Wolf[3]] ) { WolfWave="Buy"; } //--------------------- if ( High[Wolf[1]]>Low[Wolf[2]] && High[Wolf[3]]>High[Wolf[1]] && High[Wolf[3]]>Low[Wolf[4]] && Low[Wolf[4]]<High[Wolf[1]] && High[Wolf[5]]>=High[Wolf[3]] ) { WolfWave="Sell"; } And it also print all five standard fibo relations of harmonic patterns and now the position...
Thank You for your valuable contribution.
Newbie
  • #509
  • Mar 22, 2017 3:02am Mar 22, 2017 3:02am
FTSE H4
I would think that this WW is very much in play now as we have had a strong first leg of selling. I would expect a second leg down after a correction

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  • #510
  • Mar 22, 2017 4:32am Mar 22, 2017 4:32am
NEW EA for this method.

I will explain tomorrow.

Find "N" and gambling, that 's all we need to do!
Attached File(s)
File Type: ex4 +N Wave EA(test1).ex4   222 KB | 435 downloads
No one wants to be defeated~
  • #511
  • Mar 22, 2017 7:02am Mar 22, 2017 7:02am
EURUSD 1hour

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The second wolf wave have a negative divergence, so i go short with tight SL.
  • #512
  • Mar 22, 2017 7:19am Mar 22, 2017 7:19am
Can you explain why this is a Wolfe Wave? I thought they had to form a channel and the waves be of similar size. Is that wrong? you have a trend line at the top but where is the parallel trend line at the bottom or the waves?
  • #513
  • Mar 22, 2017 7:53am Mar 22, 2017 7:53am
Quoting salamanda74
FTSE H4 I would think that this WW is very much in play now as we have had a strong first leg of selling. I would expect a second leg down after a correction {image}
I will be looking lower for ftse
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  • #514
  • Mar 22, 2017 8:57am Mar 22, 2017 8:57am
Watching this 1

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  • #515
  • Edited 9:57am Mar 22, 2017 9:30am | Edited 9:57am
Hi all:
If you read the wolfe book on finding the necessary points that form WW wave you notice he suggest to find them in order of 2,3,1,4 and finally 5,
Let me give you another idea which i believe may help novices like me to find any harmonics pattern including WW .
1)Find any combination of waves that form a (W) or (M) shape .
2) Just put your B(3) point in the center of (W) oR (M).
3) on The opposite side of the B(3) there are 2 point on right and left of the B(3) name them A(2) and C(4) respectively.
4) Now the end of the right leg is X(1) point and that of the left one is D(5) .
5)Connect with two Trend Line point X(1) to B(3) and point A(2) to C(4) respectively.
6) Now You have the pattern , if the two Trend Line converge You Have the setting for WW ready and should wait for completion of D(5)point.
7) Otherwise compare it to the other harmonic patterns using the cheat sheets and 5 fibo relations.
I hope this will help many who are still confused about labelling the points and legs .
  • #516
  • Mar 22, 2017 9:39am Mar 22, 2017 9:39am
Quoting kminler
{quote} Hey Parvis Many thanks for all of your hard work and brilliant coding! When i test the indicator I still see cases where the lines AC and XB do not converge. I am thinking that if you began the setup test with something like: If (absvalue(X-A) > absvalue(B-C)), then could be valid setup. Not too sure how to do that in MQL4, I am thinking that all you need is the price at each point to determine convergence. I think that the logic is OK and covers all cases. hope this is useful Keith
Thanks for the kind words:
Indeed i have tried that , then it limits finding of the pattern even more so that it hardly if ever find any ,so i let the user find which one would be acceptable WW.
Today i have posted a message which could help novices like me to easily find any harmonic pattern .
  • #517
  • Mar 22, 2017 9:47am Mar 22, 2017 9:47am
Expo33 why is the demoaccount show many losing trades and a negative result for now ?

Best regards
  • #518
  • Mar 22, 2017 9:47am Mar 22, 2017 9:47am
Quoting rythmrig
{quote} I will be looking lower for ftse {image}
I'm not entirely sure what you are saying. Your 1,2,3,4,5 pattern is no Wolfe Wave setup so I presume it's some other sort of price action entry? Please would you explain so I can understand?
Thanks
  • #519
  • Mar 22, 2017 11:54am Mar 22, 2017 11:54am
Quoting salamanda74
{quote} I'm not entirely sure what you are saying. Your 1,2,3,4,5 pattern is no Wolfe Wave setup so I presume it's some other sort of price action entry? Please would you explain so I can understand? Thanks

Hey Bud From what i understand there are many forms of Wolfe Waves. All im looking for is 3 waves up or down a extended break a potential pull back into the channel from some type of harmonic. As you can see i have drawn the first pattern then a second potential pattern. inside the second pattern there was a W formed at ac now i have drawn a line from the first pattern W at B or 1 and extended it across as a tl to form a support I lined it from 1 to 4 and 4 being X of the second harmonic . So should get a W to a M
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  • #520
  • Mar 22, 2017 9:34pm Mar 22, 2017 9:34pm
indi and EA

Let's skip bullshXt talking and TRADE!


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Attached File(s)
File Type: ex4 Synergy_APB.ex4   11 KB | 409 downloads
File Type: ex4 +N Wave EA(test1).ex4   221 KB | 412 downloads
No one wants to be defeated~
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