Follow The Bouncing Pip - page 39
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
I could not agree more on Heiken Ashi Candles. Gives a nice visual for those who have difficulty with candle stick patterns or price action OHLC bars. The Nonlag zig zag and pointer is perfect for giving a heads up for overbought over sold. HA candles will tell you when to get in.
Could you expand a bit on your entry strategy? I'm currently testing the BouncingPip EA on 1H charts with entry on the 3rd bar after the ZigZags indicate an entry signal and remain without repainting.
On the chart below you can see where the ZigZags indicated SHORT entry points (A,B,C,D) and where the EA placed SHORT traders (1,2,3,4). I've also applied the HA indicator to the chart.
Would you take any of these trades? When exactly would you enter?
Would this be your ideal setup? Entry when ZigZags and HA agree and exit when HA reverses?
BTW: Anybody tried tweaking the parameters of the 2 ZigZag indicators instead of using the defaults?
Hi hexadecimal & all, I just wanna to share with zig zaggy/zig zag correct indi that was attached by hexadecimal is also repaint even in TF 15min. I was tried this indi on G/J pair chart. Yes you're true when you said that indi didn't repaint itself when you was doing backtest. I already done backtest also this indi really not repaint especially on TF15min. But when in real trade this indi not as per backtest and hasn't perform well because it repaint itself. Just from my experience when using this indi.
some posts back i gave the explanation .. simba also mentioned about it
why 15m tf does not show repaints when backtest ..
all zigzag repaints the current leg they have to do this for price follow if not it wouldn't be a zigzag
All False Signal
Hi all
Till now all signals r false
Hi all Till now all signals r false
Not all, but making damages.. EA results so far:
Ticket Open Time Type Lots Item Price S / L T / P Close Time Price Commission Taxes Swap Profit
48491434 2007.08.15 21:01 buy 0.22 usdjpy 116.63 116.28 0.00 2007.08.15 21:42 116.28 0.00 0.00 0.00 -66.22
88888 Buy60[sl]
48478484 2007.08.15 20:00 buy 0.22 eurjpy 156.95 156.58 0.00 2007.08.15 21:05 156.58 0.00 0.00 5.61 -69.84
88888 Buy60[sl]
48386687 2007.08.15 13:58 buy 0.22 eurjpy 158.14 158.28 0.00 2007.08.15 14:35 158.28 0.00 0.00 0.00 26.25
88888 Buy60[sl]
48375338 2007.08.15 13:42 buy 0.22 eurjpy 157.31 158.10 0.00 2007.08.15 13:58 158.10 0.00 0.00 0.00 148.19
88888 Buy60[sl]
48186227 2007.08.15 01:00 buy 0.21 gbpjpy 234.16 233.69 237.16 2007.08.15 03:35 233.69 0.00 0.00 0.00 -84.13
88888 Buy60[sl]
48174208 2007.08.14 23:00 buy 0.22 gbpjpy 234.55 233.93 237.55 2007.08.15 00:49 233.93 0.00 0.00 0.00 -116.22
88888 Buy60[sl]
48174182 2007.08.14 23:00 buy 0.22 eurjpy 158.97 158.60 161.97 2007.08.15 03:30 158.60 0.00 0.00 0.00 -69.36
88888 Buy60[sl]
48164751 2007.08.14 22:00 buy 0.22 gbpjpy 234.83 234.41 237.83 2007.08.14 22:31 234.41 0.00 0.00 0.00 -78.66
88888 Buy60[sl]
some posts back i gave the explanation .. simba also mentioned about it
why 15m tf does not show repaints when backtest ..
all zigzag repaints the current leg they have to do this for price follow if not it wouldn't be a zigzagYes, you're right. But how can we confirm that the zigzag leg is absolutely the last leg and price really will reverse without repaint back that last leg. Anyone have the idea or may be must add some indi tu filter that confirmation. That is the weakness of using zigzag.
FTC is a counter trend system, so when you have a strong move like this goind dont get caught up with trying to fight it,
the trend is your freind in this case.
Why my EA gives no signals on Interbankfx
Please download the latest version of the EA it uses Bear's original formula
plus an optional trailing stop and n-bar confirmation as a filter (you can turn the filter off by setting SignalBarsBack = 0;
The default SignalBarsBack = 3 treats the entry signal as valid if it does not repaint for 3 bars. You can of course change this to any vale you like (1 = 1 bar, 2 - 2 bars, etc.)
You have to place the *.ex4 file in your experts folder
and *.mq4 files in your experts/indicators folder.
I'll add money management and other options if the EA proves to be profitable if forward testing (or if I have some spare timeHey Nix,
I have done everything you said & all I get is a grey icon for your EA.
I have taken 3 losses for 40 each. I will wait out this trend. Im done for the week.
I want to thank you for trying to make this EA but I dont know what Im doing wrong.
This is not the first time I have installed an EA so I dont know whats up.
Thanks,
Bear-
After following this system this week it looks ok when looking back on the chart. I believe that this system could work but a better way of confirming the entry would help.
On a 4 hr G/J chart I have the zigzag pointer and the nolagzigzag showing at the same point ( 230.17 )pointing upward. But looking at one of my other indi’s on the chart, it shows G/J could be going down to around the 226.30 area if not further.
Yes, you're right. But how can we confirm that the zigzag leg is absolutely the last leg and price really will reverse without repaint back that last leg. Anyone have the idea or may be must add some indi tu filter that confirmation. That is the weakness of using zigzag.
hard to say and really hard to predict only probabilities i am too researching this aspect but from different point of view .. i think zigzag is very powerfull indicator , i have not thought about any filters for zigzag validation cause i know it just wont work.