we need separated thread for this EA ... or not ...
if the members is interesting for improvements so yes.
It is continuation of the post 5395, post 5396, post 5402, post 5404, post 5413, post 5423, post 5425, post 5427, post 5431, post 5472, post 5487 and post 5490. This first version is on post 5491.
could you identify and locate channel indicators around price in this picture please
Could you please identify and locate the 2 channel indicators around price bars in the picture you posted here in post # 5418 on page 542? It looks very interesting but I can't seem to find it anywhere. thanks very much in advance for all your help.
Traderdp those would be the TriangularMa Centered bands located here https://www.mql5.com/en/forum/general
much appreciated rapid response
thanks so much for your very helpful and speedy reply. another sophomoric question I apologize for in advance. Any suggestions on the settings for the 2 examples of same indi to create the same image as in your post for a 1 min chart, since I can't seem to make it look like your pic. thanks once again.
David realized the version i was using was a little different, these i am posting are using an automatic mtf atr in its calculation, so if you use it on i min chart the atr used in the bands will be based on 1 hour atr, so using these on 1 minute chart the atr multiplier might need to be something like .25 instead of the default 2, also in the regular section cycle thread heard last weeks cycle for Eur/Usd something like 92 so would put the half period to 46. And in case you haven't already heard the bands recalculate, lot of times what you see might be different later on.
a wealth of info in your reply thanks very much
I really appreciate all of the excellent info on this. it really helps to dramatically speed up my learning curve alot. you and this forum are a tremendous resource. have a great weekend.
Looking forward to the test...
The Ea has a close on Friday,Kumo cloud close, and time filter. The Ea should work on any mt4 broker regardless of digits,symbol,ecn,etc.Newdigitals settings are hard coded in the Ea so should be able to add it to a 1 minute chart and go.
ND & Mr.Tools, thank you for this gift bestowed upon us. I cannot wait to see it in action from Asia session on Monday morning.
Great work guys. Plse check your respective PMs from me.
Wishing you a great weekend.
For the Stoploss and Take profit the are moltiplier in the code. 100 TP in 5 digit broker is = to 0,00100 or 0,0100?
Maybe there is something i wrong with the setting i set.
All the time that the signal is false it close on stoploss and don't close position according with the initial rule (close position on opposit signal) .
I put the nrtr indicator attached and the ea. No more regarding the right operation of the ea?
This EA is very simple but it is simple one according to the system used only.
EA was coded in normal good way. I mean - you can use it with any broker (ecn/stp, 4 or 5 digit etc).
According to the settings of this EA ... EA opens the trades for buy if the price is above ichimoku cloud + nrtr is starting blue line; opposite for sell (price is below ichimoku cloud and nrtr is starting red line).
Exit on stop loss + trailing stop, or take profit, or "price cross the cloud" as an optional.
There is no exit on "close position on opposit signal" sorry.
In the settings:
EA should be attached to M1 chart, and Ichimoku cloud is on M15 timeframe.
It means - it is MTF EA - backtest is not valid in this multi timeframe case.
How to install:
- place nrtr indicator to indicators' folder and compile
- place EA to experts folder and compile in MetaEditor
- attach EA to M1 chart (EURUSD, GBPUSD and so on).
No need to attach indicator to the charts.
MrTools made my settings as default in this EA so if you want to use my settings - just attach EA to the chart with no changes.
It is automatically. I mean: 100 tp for 5 digit, and for 4 digit too. This multiplier is used by EA only (it is not for us) to recognize "this digits". And for us (for traders) - we are using just standard 4 digit to write tp in EA's input irrespective of any broker.