Harmonic Trading - page 441

 

Here's something to think about. There's a bullish pattern on USDCAD M15. No divergence, no clear previous support and resistance (kinda), but the price bounce after touching 192.9 fibonacci and went up. When it got close to 127.2 fibo, there's a bearish pattern formed on M5. Previous support and resistance can be found around 113 and 127.2 fibo and the price went down and bounced at 61.8. If I traded, I would've gotten around 120pips in profit. Maybe it would be risky since there's no divergence (RSI showed overbought and oversold though). The point is I am so amazed by ZUP.

Files:
s1_8.png  75 kb
s_20.png  81 kb
 
chrisyeap:
I have tested your template and added ZUP_v113wsv53 5-0 new.mq4 (posted #4391) and seems quite good too. Appreciate your template. Best Regards Chris

I'd like to see what you guys do when you trade too. It seems like I'm the only one who share thoughts and stuff. I'd like to see what you guys do like when to enter, when to exit, when and when not to trade etc.. so that I can improve something I have.

 

EURJPY M15. This is why I use KorHarmonics. ZUP formed a bullish A butterfly, which is similar to shark pattern I guess, and then KorHarmonics formed 5-0 pattern along the butterfly pattern as you can see the pic. This 5-0 pattern in the pic was perfectly formed. C (which is B in 5-0 pattern) bounced at 113 fibo, D (which is C in 5-0 pattern) bounced at 224 fibo and D of 5-0 pattern bounced at 50 fibo as it is a 5-0 pattern. Maybe it would be more perfect if D of the 5-0 pattern was closer to C of the bullish pattern, like side by side.

Files:
s7.png  88 kb
 
poruchik:
Bro, recode 5-0

add table

and name it 5-0 (.886) or 5-0 (.707)

5-0 Pattern FOREX Geometry Fibonacci Harmonics

//5-0 Pattern Search Start

if (

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 1.618*min_DeltaGartley && retAC <= 1.618*max_DeltaGartley

&&

retBD >= 0.618*min_DeltaGartley && retBD <= 0.618*max_DeltaGartley

||

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 2.236*min_DeltaGartley && retAC <= 2.618*max_DeltaGartley

&&

retBD >= 0.382*min_DeltaGartley && retBD <= 0.382*max_DeltaGartley

||

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 2.0*min_DeltaGartley && retAC <= 2.0*max_DeltaGartley

&&

retBD >= 0.5*min_DeltaGartley && retBD <= 0.5*max_DeltaGartley

||

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 1.414*min_DeltaGartley && retAC <= 1.414*max_DeltaGartley

&&

retBD >= 0.707*min_DeltaGartley && retBD <= 0.707*max_DeltaGartley

||

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 1.272*min_DeltaGartley && retAC <= 1.272*max_DeltaGartley

&&

retBD >= 0.786*min_DeltaGartley && retBD <= 0.786*max_DeltaGartley

||

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 1.128*min_DeltaGartley && retAC <= 1.128*max_DeltaGartley

&&

retBD >= 0.886*min_DeltaGartley && retBD <= 0.886*max_DeltaGartley

)

{

vNamePattern="5-0"; // 5-0

Hi,

Is this only for 5-0 patterns because it's giving a bullish Gartley signal on weekly AUD/USD with a XB retracement hitting 85.4%.

 

Hi Ryu Shin,

I think that your template is very good now, I'm testing it too.

Regards.

 
RyuShin:
Here's something to think about. There's a bullish pattern on USDCAD M15. No divergence, no clear previous support and resistance (kinda), but the price bounce after touching 192.9 fibonacci and went up. When it got close to 127.2 fibo, there's a bearish pattern formed on M5. Previous support and resistance can be found around 113 and 127.2 fibo and the price went down and bounced at 61.8. If I traded, I would've gotten around 120pips in profit. Maybe it would be risky since there's no divergence (RSI showed overbought and oversold though). The point is I am so amazed by ZUP.

hey,

you saw this occour only one time, i used to take alot of trade like this, i said "rsi is overbought, the XA leg is 78.6%, BA projecting 127.2%, okay, valid garley pattern" i found myself "donating" money to the market,

although, you'll get some winners, and maybe with the right money management you could actually take advantage of every pattern that occour, but i wouldn't take every pattern like that especially not on lower time frames where you see the volatility magnified

there is that indicator "iVar" that shows continuation of a trend or reversal of a trend that i might look closer with korharmonic that shows historical pattern where you could actually look closer at this, try to combine this iVar with RSI,

i will do it aswell, to see if it worth anything.

 
RyuShin:
I'd like to see what you guys do when you trade too. It seems like I'm the only one who share thoughts and stuff. I'd like to see what you guys do like when to enter, when to exit, when and when not to trade etc.. so that I can improve something I have.

Here is one trade Pattern 5-0 was taken but was a little late on entry.

 
poruchik:
Bro, recode 5-0

add table

and name it 5-0 (.886) or 5-0 (.707)

5-0 Pattern FOREX Geometry Fibonacci Harmonics

//5-0 Pattern Search Start

if (

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 1.618*min_DeltaGartley && retAC <= 1.618*max_DeltaGartley

&&

retBD >= 0.618*min_DeltaGartley && retBD <= 0.618*max_DeltaGartley

||

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 2.236*min_DeltaGartley && retAC <= 2.618*max_DeltaGartley

&&

retBD >= 0.382*min_DeltaGartley && retBD <= 0.382*max_DeltaGartley

||

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 2.0*min_DeltaGartley && retAC <= 2.0*max_DeltaGartley

&&

retBD >= 0.5*min_DeltaGartley && retBD <= 0.5*max_DeltaGartley

||

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 1.414*min_DeltaGartley && retAC <= 1.414*max_DeltaGartley

&&

retBD >= 0.707*min_DeltaGartley && retBD <= 0.707*max_DeltaGartley

||

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 1.272*min_DeltaGartley && retAC <= 1.272*max_DeltaGartley

&&

retBD >= 0.786*min_DeltaGartley && retBD <= 0.786*max_DeltaGartley

||

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 1.128*min_DeltaGartley && retAC <= 1.128*max_DeltaGartley

&&

retBD >= 0.886*min_DeltaGartley && retBD <= 0.886*max_DeltaGartley

)

{

vNamePattern="5-0"; // 5-0

AB to C = ret AC should be minimum of 1.618 to 2.236, so ratios below 1.618 (1.414, 1.272, 1.127) can't be used.

Another point is, Level for D min & level for D max should be changed in accordance with new reciprocals.

So correct code is

//5-0 Pattern Search Start

if (

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

(

(retAC >= 1.618*min_DeltaGartley && retAC = 0.618*min_DeltaGartley && retBD <= 0.618*max_DeltaGartley)

||

(retAC >= 2.000*min_DeltaGartley && retAC = 0.500*min_DeltaGartley && retBD <= 0.500*max_DeltaGartley)

||

(retAC >= 2.236*min_DeltaGartley && retAC = 0.382*min_DeltaGartley && retBD <= 0.382*max_DeltaGartley)

)

)

{

vNamePattern="5-0"; // 5-0

numberofDots=6;

TimeForDmin=0;

TimeForDmax=0;

if (retAC >= 1.618*min_DeltaGartley && retAC <= 1.618*max_DeltaGartley)

{

LevelForDmin = dotC-0.618*min_DeltaGartley*(dotC-dotB);

LevelForDmax = dotC-0.618*max_DeltaGartley*(dotC-dotB);

}

else if (retAC >= 2.000*min_DeltaGartley && retAC <= 2.000*max_DeltaGartley)

{

LevelForDmin = dotC-0.500*min_DeltaGartley*(dotC-dotB);

LevelForDmax = dotC-0.500*max_DeltaGartley*(dotC-dotB);

}

else if (retAC >= 2.236*min_DeltaGartley && retAC <= 2.618*max_DeltaGartley)

{

LevelForDmin = dotC-0.382*min_DeltaGartley*(dotC-dotB);

LevelForDmax = dotC-0.382*max_DeltaGartley*(dotC-dotB);

}

This new code will be available in next version.

 

How to set up time in zup wsv versions

FridayLastM1BarOpenTime = "N/A";

SundayFirstM1BarOpenTime= "N/A";

SundayFirstH4BarOpenTime= "N/A";

Open a data window with Ctrl + D or mt4 ---> View ---> Data Window

Open an EURUSD M1 chart (can be any pair but I prefer EURUSD)

Move your mouse over the last M1 Friday Bar

FridayLastM1BarOpenTime is 20.54

Move your mouse over the First M1 Sunday Bar

SundayFirstM1BarOpenTime is 21.00

if there's no M1 Sunday Bar Open then leave it as "N/A"

Move your mouse over the First H4 Sunday Bar

SundayFirstH4BarOpenTime is 20.00

if there's no H4 Sunday Bar Open then leave it as "N/A"

Now open the code with meta editor

Default code

extern string FridayLastM1BarOpenTime = "N/A";

extern string SundayFirstM1BarOpenTime= "N/A";

extern string SundayFirstH4BarOpenTime= "N/A";

Enter found values with double quotes

extern string FridayLastM1BarOpenTime = "20:54";

extern string SundayFirstM1BarOpenTime= "21:00";

extern string SundayFirstH4BarOpenTime= "20:00";

compile the code with F5. Now you can use your indicator with correct time settings in every chart.

if your broker changes terminal time settings, please repeat these steps from the beginning.

Files:
untitled_5.png  51 kb
untitled1.png  60 kb
untitled3.png  44 kb
 
grandaevus:
This new code will be available in next version.

Thank bro, you understand me

Reason: