Waddah Attar Explosion Indicator - page 2

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Alert problem

Hi increase

I did test on min 5 alert

an it seemed fine. I also haven't seen any exit signals. I personally have the mind set to apply TP and SL. Check out the Isakas KusKus along with this indi.

Still had no responce from the author. If we can drop him a mail, maybe he will join us waddahattar@hotmail.com

 

Rules

Okay guys here is what I think is going on and how to use it.

Since we are waiting for the Author, let get this done will he arrives

From looking at the code, it looks like an mix between Standard MACD and iBands Displayed as a seperate window flat indicator.

So the Green and Red lines correspond with MACD

The Sienna line looks like it indicating the explosive price power

The Blue line indicated the dead zone - no trade.

All logic seems to be looking at the Close price

So Green is Buy and Red is Sell.

If Green is above Blue and Siena - Signal Buy

If Red is above Blue and Siena - Signal Sell

Exit

Exit the Open Buy when Green goes below Blue Dead Zone.

Exit the Open Sell when Red goes below Blue Dead Zone.

Now this is where it bothers me, because it is a very sensitive indicator. I am more concerned at this stage with false exits than false trade signals.

I see the Exit signal in the code and the alerts are true, but I still don't grasp the rules that need to apply to trigger it. I might grasp it after a week of testing. Started on Thursday night and didn't trade on Friday. So give me a bit more time and we can revise this.

If you guys differ from my views please add any comments. I really have no problem with being wrong or corrected.

 
 

Hi every body

I am very glade to join you

I am sorry for my bad english

for this indicator this is my explain

this indi shows four Lines

- horizental dot line ( Dead Zone ) .. it work a filter for weak signals and no alert when the red or green histogram under it .

- red histogramshows the current down trend .

- green histogramshows the current up trend .

- yellow lineshows the explosion in price up or down .

signal for buy :

- when green histogoes up and yellow linegoes up and green histois higher than yellow lineand all is higher dot line .

signal for exit buy :

- you can exit buy when green histodown lower yellow line.

signal for sell :

- when red histogoes up and yellow linegoes up and red histois higher than yellow lineand all is higher dot line .

signal for exit sell :

- you can exit sell when red histodown lower yellow line .

 

Welcome Waddah

Hi Waddah.

Welcome to the Forex TSD forum.

Thank you for the explaination. We appreciate your time.

I hope you enjoy the forum. There are some great guys working very hard to produce excellent indicators and EA's.

Welcome

 
waddah attar:
I am very glade to join you

I am sorry for my bad english

for this indicator this is my explain

this indi shows four Lines

- horizental dot line ( Dead Zone ) .. it work a filter for weak signals and no alert when the red or green histogram under it .

- red histogramshows the current down trend .

- green histogramshows the current up trend .

- yellow lineshows the explosion in price up or down .

signal for buy :

- when green histogoes up and yellow linegoes up and green histois higher than yellow lineand all is higher dot line .

signal for exit buy :

- you can exit buy when green histodown lower yellow line.

signal for sell :

- when red histogoes up and yellow linegoes up and red histois higher than yellow lineand all is higher dot line .

signal for exit sell :

- you can exit sell when red histodown lower yellow line .

Mr. Waddah Attar,

Thanks for your indicator and explaination.

Would you please give your suggestion on what Time Frame this indicator works best and under what condition we should not use it.

Thanks in advance.

Nomura

 
thesource:
Hi Waddah.

Welcome to the Forex TSD forum.

Thank you for the explaination. We appreciate your time.

I hope you enjoy the forum. There are some great guys working very hard to produce excellent indicators and EA's.

Welcome

thank you very much

I will work with you to create a special and great system

 
Nomura:
Mr. Waddah Attar,

Thanks for your indicator and explaination.

Would you please give your suggestion on what Time Frame this indicator works best and under what condition we should not use it.

Thanks in advance.

Nomura

I design this indicator to work on M30as very good

 
waddah attar:
I design this indicator to work on M30as very good

Hi waddah attar,

Thanks for sharing and explain your indicator with us.

Btw, do you trade this indicator alone? and howmany pips average per month this indicator produce? And what pair did this indicator work best?

Thank you

 
waddah attar:
thank you very much I will work with you to create a special and great system

Hi.. waddah, i'm glad you join this forum

your indicator looks good, but still need some improvements to make it become a good trading system...

Why don't you start new thread for your trading system now..

regard..

Pj

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