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Price Patterns(Gartley,Butterfly,Bat,...) - page 95

targus
196
targus  

ND

Gbp/usd def looks a good buy, 4hr with daily/wkly bullish emerging patterns, have you lined any other pairs up.

Gilbert Reitsma
1609
Gilbert Reitsma  
targus:
ND Gbp/usd def looks a good buy, 4hr with daily/wkly bullish emerging patterns, have you lined any other pairs up.

Are you seeing this pattern on the HWAFM charts?

Gilbert Reitsma
1609
Gilbert Reitsma  
newdigital:
I will know exact time when to start open the trades. Besides - it is alert on open H1 bar on this special MACD indicator, and the developing patterns are on open bar sometimes.

ND -- any hints to this special MACD?

Sergey Golubev
Moderator
96784
Sergey Golubev  
targus:
ND Gbp/usd def looks a good buy, 4hr with daily/wkly bullish emerging patterns, have you lined any other pairs up.

I did not open MT5 yet.

But as I see from Ichimoku chart -

EURUSD was trying to be bearish on D1 chart but for now - it is flat (D1 chart). Same with H4

USDCHF started to continue bearish on H4 and stopped by flat or ranging market condition.

Seems - EURUSD just finished following the last movement of USDCHF, but USDCHF did not start new movement yet ...

On GBPUSD - it is non-trading for H4 and it may be started bearish for D1 timeframe.

So, the situation with USDCHF, EURUSD and GBPUSD is not understandable/clear ...

As to USDJPY so it is flat for D1 timeframe for few days, and support/resistance lines came very close to each other. I mean: we can expect good breakoout for this pair.

EURAUD is going bearish.

XAGEUR is trying to go bukllish but not yet. Same with XAGUSD - 1 or 2 days more - and we may bee good uptrend (or not - depends on the situation with those pairs).

For XAUEUR and XAUUSD - it may be tomorrow. I mean: we will know tomorrow about the following: breakout, or not.

But I did not start metatrader 5 yet - I moderated the forum.

I will start it later to see the patterns.

Sergey Golubev
Moderator
96784
Sergey Golubev  
GilR:
ND -- any hints to this special MACD?

I will need to remind to myself about this semi-automatic methods, instal the charts, remind the rules about how I did it last time (it was few years ago), start to trade ... and after that only - I can tell something.

It will take few days anyway.

Gilbert Reitsma
1609
Gilbert Reitsma  
chrisstoff:
I tried to integrate something similar as TrendScalp public strategy into the current version of 10point3 EA to get a semi-automatic EA. I added a new strategy 'TrendScalp' to the EA based on Gann High-Low activator Heiken Ashi arrows.mq4 and VoltyChannel_Stop_v2.2M_alerts.mq4 indicators. I cannot integrate MaksiGen_Range_Move.mq4 indicator; sorry I am not a programmer .

I added a short name to the two indicators, please find them attached. (The indicators must be in experts/indicators folder, otherwise the EA doesn't work.)

A couple of new variables:

extern string myStrategy = "TrendScalp"; // The user can select between MACD or TrandScalp strategies

extern int BuyOK = 1; // If BuyOK = 1 and SellOK = 1, then the EA takes both long and short orders.

extern int SellOK = 1; // If BuyOK = 1 and SellOK != 1, then the EA takes only buy orders. So if the trader knows the direction from harmonic signal, then the proper setting can be selected.

// Variables for setting the proper values for GannnHiLo indicator

extern int MaLength = 20;

extern int MaMode = 0;

// Variables for setting the proper values for VoltyChannelStop indicator

extern int MA_Price = 0;

extern int MA_Length = 1; // The EA comes with the default indicator values.

extern int MA_Mode = 0;

extern double Kv = 4;

I checked it against workability only but did not tested for profitability, etc.

I think at using it in semi automatic mode for trading harmonic signals one should set the InitialStop parameter to be in agreement of the proper stoploss of the harmonic pattern.

I also think Multiplier and MaxTrades should be kept in fairly and safely low level.

Seeing some test results would be nice

Regards,

Chrisstoff

I set the "Initial Stop" to 15, but it closed out at -45. Not sure how to set a stop.

Gil

Chrisstoff
524
Chrisstoff  

Hi Gil,

The Volty Channel Stop indicator's default setting is MA_Length set at 1. It should work with that setting.

Regards,

Chrisstoff

GilR:
Hi Chrisstoff

Should the VoCh Ma Length be 1?

Have put the EA on a 1min Eur chart trading both ways with TP=5 and SL=15

I will let it run see how it pans out.

Maybe it needs some way to only trade if Trading Range last hour or so 20 pips or so?

Gil
Chrisstoff
524
Chrisstoff  
GilR:
I set the "Initial Stop" to 15, but it closed out at -45. Not sure how to set a stop. Gil

Did you have only one trade or three trades at the end when the stoploss was hit?

Well, it calculates the stoploss as follows:

For sell orders

SellPrice+InitialStop + (MaxTrades-OpenOrders)*Pips

For buy orders

BuyPrice-InitialStop - (MaxTrades-OpenOrders)*Pips

Meaning, the length of InitialStop will be increased depending on the MaxTrades, actual OpenOrders (opened by the EA) and the pipstep (Pips). Since this EA originally is a Martingale EA, this kind of stop setting is to prevent the EA stopping out the whole progression of open orders when the price hits the first order's stoploss level.

Regards,

Chrisstoff

Gilbert Reitsma
1609
Gilbert Reitsma  

There was only 1 trade active. Infact it only triggers 1 trade at a time for me.

I had it on a 1min chart... now I am trying 5 and 15min

Gil

targus
196
targus  

It now works, look forward to understanding this now.

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