I come to present an indicator to you which I created and who could be useful to some people here. If you are interested, I would be happy to share it.
You can see it attached below.
Let me know what you think about it and i will be back with the code and instructions.
For the moment, the code is very "heavy" (I am not a pro-coder) but all the calculation are OK.
I have make an EA based on this indicator and it seems to be profitable.
A good idea should be to start a thread and comments the indic for make it perfect.
Thanks for your comments.
Please post your indicator
Please Post your indicator and Rules to Enter and Exit
That's something I haven't seen before. Look's good.....I would love to test it out.....
Hi, Would love to test it out as well
As promised, here is code and instructions.
The code being heavy, it is in 2 files which are displayed in the same window. I joined also a "non standard" indicator which is displayed "WAE" on the chart. Some of you know it (Waddah_Attar_Explosion).
1. Copy all the mq4 files in your indicators folder
2. Open your terminal
3. Open a chart (this indicator works for any currency you want)
4. Open the navigator window.
5. Attach "FerruFx_Multi_info+" to the chart.
6. Drag and Drop "FerruFx_Multi_info+_2" on the 1st indicator window
7. Close the navigator window.
On the left side, you can see some infos about the open trade (works only for 1 trade opened)
In the middle, the calculation of the trend for 14 indicators for 8 TF (M1 to Weekly) and the global trend result UP or DOWN with its strength (strong or weak).
In the right side, the calculation of the daily pivots and range.
Settings for display the open trade info's:
AccountMini: true or false
LeverageToTrade: Leverage which you want to trade per position (e.g. you have a 200:1 account and you want to trade 10:1, just put 10). For the calculation of the maximum lot to trade
PipValue: Pip Value of the day
Settings for the strength result:
TrendStrongLevel: 75 (the level above which "strong" is displayed instead of "weak"
Some parameters "for test only" are available: the 2 indicators must have the same adjustments. This part is working good but sometimes some "up" or "down" are missed. I think history ticks for the calculation of some old time frame are missed.
If a pro-coder have an idea to make a code more "light" for put it on a unique file, i will be an happy man!
Now, here's my trade strategy with this indicator (i only trade GBPJPY, i didn't test other pairs):
1. Start trading at 00:00 GMT
2. At the first tick, i look the global UP/DOWN and open a BUY if "UP" or SELL if "DOWN"
3. My settings: Target Profit 90 pips, no sl, no ts.
4. At 23:59 GMT, if the target isn't reach, close the trade only if the trend reverse.
5. At 00:00 GMT, if the previous trade were close at 23:59 GMT, open an opposite position.
My test results from 2007/04/02: 26 trades, 66% win and +991 pips. This results are based on an open trade each day 00:00 GMT. Right now, i close only if the trend reverse (i save the spread!)
Test it, find the best settings.
Thanks Ferrufx, we'll check er out.....
Nice indicator FerruFx you said 66% wins, can you give us a idea of the average pips on wins and on losses?
average losses: -34,80 pips
average wins : +76,69 pips
Is someone know if it's possible in the indicator window to not display the 4 results buffers (between "+ open Trade Analysis +" and MA20 MA50)?
The setup looks great. Can you please elaborate on the following?
"5. At 00:00 GMT, if the previous trade were close at 23:59 GMT, open an opposite position."
Did you mean that you will open a new position regardless of the current trend? For example, yesterday (23:59 GMT), a LONG trade was closed in profit before by 23:59 GMT. Today (after 00:00GMT), the trend is still showing strong UP trend. Do you still open a SHORT trade (as quoted above)?