Here is the version with divergences added : wpr_ma_-_mtf_2.1_amp_divergences.mq4
Is alertsOnCurrent set to true or false?
I have it on alert on current , i had a alert to sell cad/chf but the indicator showed that it went up for 4 hours . so it actually never changed.
I'll test it on demo account
best wishes for familial weekend
I am trying to build a system which will work good on 5 minutes chart, I would like to have or if you can point indicator(NRP version) which work best on M5 charts, based on your experience. And also some filters to eliminate bad signals.
Guys, Your help is much appreciated
Trading a 5 minute chart is more or less scalping. Try some systems that are scalping orientated (in my experience step ma pdf is not bad on 5 minute charts - being a kind of a momentum catching and trend catching indicator, in this case momentum catching part is the important - check it with default settings on EURUSD 5 minute chart and you shall see immediately)
Trying to use some purely trending systems on a 5 minute chart is not what one should do. Scalping is almost all about momentum and tools should be use accordingly
for guiding me, I would appreciate if you can tell me, when you are saying " tools should be used accordingly " what tools apart from step ma you recommend per your experience. I am relying on your experience and recommendation coz i can cut down experiment curve and focus on my trade.
Please Mladen, I would appreciate your help and by doing this you are helping me and people like me in the forum who are looking for some answers for there trading.
Is there any way to fix that ?
Timmyhanke, the alerts were set up for when the rsi crossed the upper/lower band this version has that option and an option for the dot color change alerts.
Thank you so much!
It is exactly as i wanted it!
Hey Mladen, Your help is much appreciated
For example (a very simple example) :
A lot of professional traders are using SMA 200 to determine the trend of the symbol. But if you try to use that SMA 200 on a 5 minute chart, you are going to use it wrong
More or less time frames can be divided into scalping and trending - usually all bellow 1 hour is considered a scalping time frame. On scalping time frames primary indicators should be momentum type indicators (RSI is a momentum indicator, for example, even though a lot of people do not know that). Of trending time frames trend determining indicators should be used (like averages - as I said, just a very simple example)
That is what I meant when I told that tools should be used appropriately.
Of course, there are some tools that are a combination of the two (like rsi of ma) but in that case serious experiments with settings should be done before using it in either manner
So, more or less, the main "problem" is to find out if some indicator is a momentum or trending indicator and then use it on a correct time frame