Here is the indicator with sound alert (PriceTrigger.mq4).
Plus, PriceTrigger2 also with optional sound alert.
This indicator also checks the Volatility.Pivot.Open indicator (used to filter out some false signals)
The default settings used in these 2 indicators are the settings I use to scalp EURUSD.
Please experiment with different settings for different currency pairs and post them here.
What version of the indicator have you used there. Will take a look but over, but on my tests never happend to have 2 arrows of the same color one after the other.
I used the attached indicator (this was a backtest)
ZMAX, I think I forgot to recomplie the indicator . I'll test it once more.
ZMAX, this is the backtest on EURUSD 1H from June 2007 (just following the indicator) - stop and reverse method without any additional filters. No SL no TP.
I think to put a TP would make a difference. Would you be able to test it and share with us the EA?
It's interesting stuff Nix, thanks for sharing.
You should probably discard stop and reverse, it's usually a spiral of doom scenario. Accepting the fact the trade is a loser for whatever reason is a better way to go.
Examining your entries tell me that it's most likely a good management plan afterward with entry protection and trailing etc would make this quite profitable.
Thank you for this share and right to make a test, could you give me the M15 adjustments for the Price-Trigger indicator?
My broker don't allow scalping
Good luck for everyone