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Wolfe Waves - Get in the Zone

  • #1,141
  • Edited 7:58pm May 7, 2017 7:45pm | Edited 7:58pm
Quoting Expo33
{quote} I realize how much work you must be putting into this. We are all very grateful!
Dear kurt:
Since you had tonight to examine the work of indicator, i have thought about this logic:
If at any point, any candle, from the candle of C(4) to the current candle, closes above the close of C(4),then that potential wave would not be valid(Buy CWW) , and the reverse of that for the (Sell CWW).

Do you think that would be a reasonable logic....?

If so here it is the new indicator for you...

Attached File(s)
File Type: ex4 parvizCWW v9.6.ex4   76 KB | 366 downloads

Please examine it and let me know the result
  • #1,142
  • May 7, 2017 9:57pm May 7, 2017 9:57pm
Quoting parviz1953
{quote} I forgot to mention how it is working: 1) It automatically looks and find every possible CWW (Potential and Completed), for all 6 ExtDepth that you entered in the input. 2)It draws all findings on the same chart and assign a clickable button for each of them. 3) you can view and have the characteristic of any of them by clicking its button. 4)Since the indicator halts after each new run, whenever you like you can force it to research again by clicking the corresponding "SEARCH AGAIN" button. 5)Below is an example chart of GBPUSD 15 minute...
PS:
8) Don't forget to click the search again button every now and then, since the indicator stop finding any new changes, when it draws them once.
  • #1,143
  • May 7, 2017 11:58pm May 7, 2017 11:58pm
Quoting parviz1953
{quote} Dear kurt: Since you had tonight to examine the work of indicator, i have thought about this logic: If at any point, any candle, from the candle of C(4) to the current candle, closes above the close of C(4),then that potential wave would not be valid(Buy CWW) , and the reverse of that for the (Sell CWW). Do you think that would be a reasonable logic....? If so here it is the new indicator for you... {file} Please examine it and let me know the result
Yes that seems like the right logic.

I found this with the 9.6 version though. Potential wave still showing after candle closed above point C and the zig zag is off as well.
Attached Image (click to enlarge)
Click to Enlarge Name: silver30.png Size: 50 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,144
  • Edited 3:28am May 8, 2017 2:21am | Edited 3:28am
EDIT: So far this script has only worked on 1 out of 3 meta4 platforms which is strange considering they all have the same build version.

If anyone likes to scale in like I do, here are two nice scripts that are simple to use.

Credit and thanks to member "Aad" for sharing these for free. Original thread with PDF instructions here: https://www.forexfactory.com/showthread.php?t=151391

Scale in long
Attached File(s)
File Type: ex4 # PendingBuy + ScaleOrders v1.3 [Script].ex4   36 KB | 427 downloads

Scale in short
Attached File(s)
File Type: ex4 # PendingSell + ScaleOrders v1.3 [Script].ex4   37 KB | 423 downloads


I like to zero in on a particular zone for my entries so scaling in is my preferred style.

Here's a demo example. In the inputs it's really easy. Just pick the starting price and lot size per order. Then select 3,5, or 10 positions by setting the one you want to "true". Select how many pips between orders. Also select SL and TP pip size. That's it. Once you see the orders on the chart, you can drag and drop to adjust the entry price, SL, or TP if you want. Saves so much time.

AUD/JPY 4H CWW scale in demo example
Attached Image (click to enlarge)
Click to Enlarge Name: aj.png Size: 100 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,145
  • May 8, 2017 2:31am May 8, 2017 2:31am
fyi:cww v8,5 couldnt spot this.am i i wrong.it seems cww
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 44 KB
  • #1,146
  • May 8, 2017 3:56am May 8, 2017 3:56am
ok, forgot about my creative (useless) AWW....only CWW generate good profits...

todays new...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 96 KB


last one
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 135 KB
No one wants to be defeated~
  • #1,147
  • May 8, 2017 4:23am May 8, 2017 4:23am
Quoting jonirrenicus
ok, forgot about my creative (useless) AWW....only CWW generate good profits... todays new... {image} last one {image}
That CAD/CHF is a thing of beauty. Well done of you traded it.

Technically the GBP/AUD isn't a Wolfe wave as it's diverging. Ironically I am short based on massive Fibonacci confluence across multiple time frames. Of course the AB=CD on the 4H just adds another layer of confluence.
Attached Image (click to enlarge)
Click to Enlarge Name: ga.png Size: 73 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,148
  • Edited 6:48am May 8, 2017 6:38am | Edited 6:48am
Quoting fantom
fyi:cww v8,5 couldnt spot this.am i i wrong.it seems cww {image}
your D(5) point , has passed the 2 sweet zone ,it is above the 2nd one, when it is so ,the indicator does not accept it as a valid one
  • #1,149
  • May 8, 2017 6:42am May 8, 2017 6:42am
Quoting Expo33
{quote} Yes that seems like the right logic. I found this with the 9.6 version though. Potential wave still showing after candle closed above point C and the zig zag is off as well. {image}
unfortunately i have seen it today morning, when indicator does not show it any more , if you find other similar one please let me know.
  • #1,150
  • May 8, 2017 7:15am May 8, 2017 7:15am
i prefer old one
  • #1,151
  • May 8, 2017 10:06am May 8, 2017 10:06am
Look at this what a nice symmetry, the problem is that price has passed both sweet zones, it its not a valid CWW according to the definition.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 34 KB
  • #1,152
  • May 8, 2017 11:07am May 8, 2017 11:07am
Quoting parviz1953
Look at this what a nice symmetry, the problem is that price has passed both sweet zones, it its not a valid CWW according to the definition.{image}
I'm not sure that's quite true according to Mr. Wolfe. I never read anything about exactly how far price has to go beyond the sweet zone to become invalid. Consider a daily time frame with a 100 pip stop loss or more. We're still going to be in the trade likely when price is beyond the sweet zone.

But I realize the indicator has to abandon the WW at some point so it makes sense to set it up that way. It's up to the trader to have located the wave in advance using the indicator and then make their decision accordingly as far as where to enter and where to put the SLs.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,153
  • Edited 2:33pm May 8, 2017 2:06pm | Edited 2:33pm
Quoting parviz1953
Look at this what a nice symmetry, the problem is that price has passed both sweet zones, it its not a valid CWW according to the definition.{image}
That was then a 50-complete, now it is a 20-complete and a perfect valid one with bad symmetry...!!.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture1.PNG Size: 38 KB
  • #1,154
  • May 8, 2017 5:51pm May 8, 2017 5:51pm
A nice clean wave so far with nice symmetry. Ill be waiting to pounce on this one if price makes it into the scale in zone. Notice the previous S/R

NZD/JPY 4H CWW
Attached Image (click to enlarge)
Click to Enlarge Name: nj4.png Size: 86 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,155
  • May 8, 2017 6:17pm May 8, 2017 6:17pm
Quoting Expo33
{quote} Yes that seems like the right logic. I found this with the 9.6 version though. Potential wave still showing after candle closed above point C and the zig zag is off as well. {image}
Hi kurt:
The problem of a shifting of zigzag line was because the indicator was stopping when it search all the depth once.
In this version , program is always running and it does not stop to find new CWW (and so will repaint ), unless you press any of the button to view a specific one , once you click any of these buttons the indicator halts,and let you do your analysis on the drawing, when you are finished with it, then just pressing the "Search Again" will restart the indicator.(in this picture of you, the problem has appeared because the program was in Halt and did not redraw)
Attached File(s)
File Type: ex4 parvizCWW v9.6.1.ex4   75 KB | 400 downloads
  • #1,156
  • May 8, 2017 6:17pm May 8, 2017 6:17pm
Quoting parviz1953
{quote} Hi kurt: The problem of a shifting of zigzag line was because the indicator was stopping when it search all the depth once. In this version , program is always running and it does not stop to find new CWW (and so will repaint ), unless you press any of the button to view a specific one , once you click any of these buttons the indicator halts,and let you do your analysis on the drawing, when you are finished with it, then just pressing the "Search Again" will restart the indicator.(in this picture you, the problem has appeared because the...
Thanks P.

I was thinking maybe something like that
Pride always comes before destruction.... -Proverbs 16:18
  • #1,157
  • May 8, 2017 7:11pm May 8, 2017 7:11pm
Quoting Expo33
{quote} Thanks P. I was thinking maybe something like that
Hi kurt and everybody:
Since this last version, is always running and do a lot of calculation on each run, it would use a lot of your CPU time, especially if multiple instances of it are on different pairs , so i suggest as soon as it finds the patterns , press one of the buttons so that program stop searching , and if you need it again, rerun it by clicking "search again" button, this way your computer will not be slow.
  • #1,158
  • May 8, 2017 9:11pm May 8, 2017 9:11pm
I have to admit it's a little disappointing that traders rarely post any set ups here.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,159
  • May 8, 2017 9:34pm May 8, 2017 9:34pm
Quoting Expo33
A nice clean wave so far with nice symmetry. Ill be waiting to pounce on this one if price makes it into the scale in zone. Notice the previous S/R NZD/JPY 4H CWW {image}
Yes a real good one...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 103 KB


Another one...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 98 KB
No one wants to be defeated~
  • #1,160
  • May 8, 2017 9:37pm May 8, 2017 9:37pm
Quoting Expo33
I have to admit it's a little disappointing that traders rarely post any set ups here.
You say that, what should i say, the indicator has been downloaded more than 900 times, and the only feedback i received was from you and few others...??!!!
It seems that nobody is even interested in his own benefit he may get through that...
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