1-2-3 and Ross Hooks Patterns

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1-2-3 and Ross Hooks; this is something many look after but so far haven't seen a mt4 version..

full description in the pdf file attached

Files:
Law_of_Charts.pdf  188 kb
 

no interest in coding the Ross hook and the 1-2-3 reversal/continuation pattern?

 

I don't know if I can code these patterns for you. Simply put I don't understand them well after reading the attached pdf.

 

hmm...

let's take the 1-2-3 high for example..

point 1 is decided when the bar in question is preceded and succeded by bars(up to 3) that create a lower high and lower low(must not take out the high )

point 2 is basicly a retrace and is created when price makes a low and than reverses taking out the the high...point 2 bar must be succeded and preceded by bars that have higher lows

point 3 is the same as point 1 but it must not be higher than the high established at point 1. point 3 must also be preceded and succeded by bars that have lower high and lower lows.

the 1-2-3 low is quite similar..

i've attached a 15 min USDCHF screenshot from friday with 2 consecutive 1-2-3 ..hope this is going to help

Files:
CHF_1-2-3.jpg  47 kb
 

#1

here's a new ideea...although an old breakout one

al the credits go to XREDX who posted on the strategybuilder forum

Example

Range A: 7 pips

Range B: 9 pips

Range C: 25 pips

Range D: 75 pips....breakout

take the average the previous 3 - 15 minute periods(bars) and then if the period that just closed was 3 x as much as the average then set a sell stop and buy stop. The buy stop would be placed about 5 - 7 pips above the high from the previous 15 minute period and the sell stop would be placed below the low from the previous period. And I set an expiration on it for about 25 minutes.

thought it's worth mentioning another idea posted on a forum

#2

The system is based on too-well-known double tops and double bottoms patterns, the only difference is that it's completely formalized, there's no room to guess whether it is a pattern or not.

Here you are, in just 5 steps.

1. Let's call an upper cardinal point the following high:

h(-2) < h(-1) h(1) > h(2),

where h(i) represent highs of consequent bars, h(2) is the high of the last closed bar, thus h(0) is the upper cardinal point 2 bars ago (they are always two bars behind).

2. Respectively, a lower cardinal point conforms to the following formula:

l(-2) > l(-1) > l(0) < l(1) < l(2).

3. Now let's find one of the following patterns: a) a lower cardinal point between two upper ones or b) an upper cardinal point between two lower ones in strict consequence.

4. As we've found a pattern we place a stop sell order at a small distance below the lower cardinal point (case 3a) or a stop buy order at a small distance above the upper cardinal point (case 3b). We place stops at the highest of upper cardinal points (case 3a) or at the lowest of lower cardinal points (case 3b).

5. We move stops at new upper (case 3a) or lower (case 3b) cardinal points as they appear.

 

Thanks for sharing man. These're quite unique. The #2 is in fact Fractals indicator (???) with 2 bars shift. It's built right in metatrader. Anyway, I could code this kind of experts for you.

 

missed that one as beeing a fractal, i was not aware of the fractal code....will go through it again...

 

Shifts not recommended in live, it looks good in backtesting though so be careful with that

 

Yes.

This what Iam looking for.

The programme must show the lattest 123 and one before.

Not any more.

Iam working on e signal Charting platform.

Is there any one who has written a programme for this for E signal charting platform???

Regards

Subramanian.

spahiu:
hmm...let's take the 1-2-3 high for example..point 1 is decided when the bar in question is preceded and succeded by bars(up to 3) that create a lower high and lower low(must not take out the high )point 2 is basicly a retrace and is created when price makes a low and than reverses taking out the the high...point 2 bar must be succeded and preceded by bars that have higher lowspoint 3 is the same as point 1 but it must not be higher than the high established at point 1. point 3 must also be preceded and succeded by bars that have lower high and lower lows. the 1-2-3 low is quite similar..i've attached a 15 min USDCHF screenshot from friday with 2 consecutive 1-2-3 ..hope this is going to help
 

I hope this is the right indicator:

Files:
BPS_1-2-3_Pattern.zip  22 kb
 

I have a link below, where you can get the updated 2007 version of the BPS 1-2-3 Pattern indicator. I know I have searched for an updated version, so I hope you can use one of these. Absolutely great for short term direction and trend. So try it! IMO

1-2-3 pattern - Page 2 - Forex Trading

BPS 1-2-3 Pattern 2.ex4

BPS 1-2-3 Pattern.ex4

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