Elite indicators :) - page 42

repelsteeltje
128
repelsteeltje  

Alert

Hi,

I am looking for an indicator, that alerts when the bar OPEN is under or above

a certain price. Maybe it already exits, but I could not find it. Or maybe someone likes to make it??

Sadly
432
Sadly  

Have you considered using MT4's alert functions? See here post #2 https://www.mql5.com/en/forum/general

Alternatively you may like to try my rather naff attempt at programming ...

Files:
repelsteeltje
128
repelsteeltje  

Ok, thank you!

the build in alert is not good, for I need the open price of the bar.

Your indicator can be used for this. Thank you.

nina
2768
nina  
igorad:
Hi, I've developed MTF_Nonlagma_v7.1 SW (for separate window).

Hi, Igorad!

I downloaded your MTF_Nonlagma_v7.1 SW . All I see is only one doted colored line at the middle.

What am I doing wrong?

THX

Files:
MrPip
546
MrPip  

Sadly,

Interesting idea and easy to program. When I have the time I will modify the HMA_EA with this idea in mind.

Robert

Sadly:
Looking at MA's in general, they often seem to look profitable and the HMA looks no different. What I find when testing indicators is that settings need to be changed depending on market conditions. Allowing an EA to run at all times in all markets is unlikely to be consistently profitable. Changing settings during different trading session ie: Asia/UK - UK/USA - USA/Asia, may be the answer. Any EA should have the ability to change data sets during these times. It follows then that HMA may be profitable when used with a data set during Asia markets but the data set needs changing during another markets trading. it's here that I think the key to continuing profit lies. Yes I think HMA could work out profitable if it were able to use different data sets during different market hours. However I'm unable to test this theory given my lack of skills with MT4.
Igor Durkin
6812
Igor Durkin  

Hi,

you can overlay several indicators with different TFs and IndicatorValues in the same window.

nina:
Hi, Igorad!

I downloaded your MTF_Nonlagma_v7.1 SW . All I see is only one doted colored line at the middle.

What am I doing wrong?

THX
Files:
mtf_nlma.gif 10 kb
nina
2768
nina  
igorad:
Hi, you can overlay several indicators with different TFs and IndicatorValues in the same window.

Hi!

As you can see, I've done that and I still get just one line.

THX

Files:
nonlag.jpg 78 kb
Igor Durkin
6812
Igor Durkin  

It's because you use the same IndicatorValue=1.0.

Try to use different values for this input.

nina:
Hi!

As you can see, I've done that and I still get just one line.

THX
nina
2768
nina  
igorad:
It's because you use the same IndicatorValue=1.0. Try to use different values for this input.

Hi!

THX, Igorad.

Done.

Sadly
432
Sadly  
MrPip:
Sadly,

Interesting idea and easy to program. When I have the time I will modify the HMA_EA with this idea in mind.

Robert

Igorad has programmed the ability to trade only during specified sessions within the EA code and from here I have identified that by ignoring signals generated during the Asian session the EA is much more profitable.

The real problem is that the EA does not identify the frequency of trades that cross any set levels and as as such the results can easily be distorted by a single trade reaching an extraordinary level.

By way of example, consider these trades and respective pip levels reached:-

12 x 150 = 1800

9 x 200 = 1800

4 x 300 = 1200

2 x 400 = 800

12 x -70 = -840

7 x - 85 = -595

4 x - 90 = - 360

2 x - 120 = -240

From this it can be seen that the EA regularly trades into the 150 - 200 pips range more often that the > 200 pips range and that the EA regularly trades to -70 pips but rarely over -120 pips. From here we could consider setting our profit target and stop loss levels. Igor's TesterReport_v1.1 went some way to helping identify how the EA performs but fails to show us what we need to know in order to fine tune the EA. If the EA or TesterReport could be re-programmed to show the frequency of trades trading at or above certain levels, say evey 10 pips, then we would be able to tune same for maximum profit / minimum loss.

Do you think this could be done using MQL?